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DATE: November 9, 1999 <br />DESCRIPTION AND CONDITIONS <br />Indian River County executed the Construction Contract for Intersection Improvements for Oslo <br />Road and 27* Avenue on November 3, 1998. The original contract was for $1,212,255.02. Three <br />(3) pervious change orders totaling $53,325.19 changed the total contract amount to $1,265,580.21. <br />The Final Change Order, Change Order No. 4 is being presented with the Final Pay Request, <br />decreases the contract by ($8,920.21) for a total of contract price of $1,256,660.00. <br />The Contractor has received $1,097,548.40 to date and is requesting release of retainage for a final <br />payment of $159,111.60. The Contractor has submitted the Release of Liens for the project and a <br />payment bond is in effect for this contract. <br />ALTERNATIVES AND ANALYSIS <br />Alternative No. 1 - Approve the final pay request in the amount of $159,111.60 which includes the <br />balance due, retainage and Change Order No. 4 and authorize the Chairman to execute Change Order <br />No.1A Extend completion date to November 9, 1999. <br />Alternative No -2 - Deny the final pay request and change order. <br />RECOMMENDATIONS AND FUNDING <br />Staff recommends Alternative No. 1. Funding to be from Traffic Impact Fees, District 6 and <br />Developer's Agreement with Oslo Plaza ($150,000) -plus sidewalk and other incidentals. Account <br />No. 101-156-541-067.75. Extend completion date to November 9, 1999. <br />ON MOTION by Commissioner Adams, <br />SECONDED by Commissioner Ginn, the Board <br />� nanimously approved the final pay request in the <br />amount of $159,111.60 to Dickerson Florida, Inc. <br />which includes the balance due, retainage and <br />Change Order #4 and authorized the Chairman to <br />execute Change Order #4 extending the completion <br />date to November 9. 1999, as recommended by staff. <br />DOCUMENTS ARE ON FILE IN THE OFFICE <br />NOVEMBER 16, 1999 <br />OF THE CLERK TO THE BOARD <br />-141- BOOK ill FAG r- <br />