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LO -A, l uP-] PAGE `3 <br />11.H.5. REX T.V. — DEVELOPER'S AGREEMENT — VANCE <br />MCCOWN CONSTRUCTION <br />The Board reviewed a Memorandum of September 5, 1997: <br />DATE: SEPTF.198ER 5, 1997 <br />TO: JAMES E. CHANDLER <br />COUNTY ADMINISTRATOR !� <br />FROM: JAMES W. DAVIS, P.Z. <br />ACTING UTILITIES DIRECTOR <br />Y <br />PREPARED WILLIAM F. MCCAM, P <br />AND STAFFED CAPITAL PROJECTS <br />BY: DEPARTMENT OF UTILITY SERVICES <br />SUBJECT: REX T.V. DEVELOPER'S AGREEMENT <br />INDIAN RIVER COUNTY PROJECT NO. CDS-CCS-622 <br />BACKGROUND <br />On April 22, 1997, the Board of County Commissioners approved a <br />Developer's Agreement with Vance McCown Construction, acting in <br />behalf of Rex T.V. (Please reference the attached agenda item and <br />minutes.) The construction of the project is now complete and the <br />Utilities Department is ready to make final payment. (Please <br />reference the attached final pay request.) <br />The Developer's Agreement was for the construction of both water <br />distribution and sewer collection systems to service the <br />surrounding areas. For details, please see the original agenda item <br />and Developer's Agreement dated April 14, 1997. To summarize final <br />County costs, please see the following: <br />Total Original Project Original County Final County <br />Cost TstimatP Contribution Contribution <br />(Water Exhibit "B") <br />$77,445.50 $70,470.50 $44,750.00 <br />(Sewer Exhibit "D") <br />$69,710.00 $64,042.58 *$32,790.00 <br />*Adjusted amount (Exhibit "C") reduced this figure by contribution <br />to Applebees Developer's Agreement in the amount of $5,958.71. <br />The final payment to Vance McCown (Rex T.V.) is in the amount of <br />$7,754.001which represents retainage only. <br />RECOMMTNDATTON <br />The staff of the Department of Utility Services recommends payment <br />of the final retainage to Vance McCown Construction as presented. <br />SEPTEMBER 16, 1997 <br />