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Page 2 <br /> BCC Agenda Item <br /> May 11, 2015 <br /> FUNDING <br /> Local funding of Beach Restoration includes a portion of Local Option Tourist Tax Revenue as well <br /> as allocation of the One Cent Sales Tax. Funding for the release of retainage will be provided <br /> from three (3) separate accounts. <br /> Task 1: 2014 Sector 3 Beach and Dune Restoration Project Post Construction Monitoring Survey <br /> The Total amount of retainage withheld is $1,705. Account# 128-206002-05054 <br /> Task 2: 2014 Sector 7 Post Construction Monitoring <br /> The Total amount of retainage withheld is $660. Account # 128-206002-05079 <br /> Task 3: 2014 Countywide Beach Monitoring <br /> The Total amount of retainage withheld is $2,585. Account# 128-206002-01024 <br /> RECOMMENDATION <br /> Staff recommends the Board approve the release of all withheld retainage under Work Order <br /> No. 1 in the amount of$4,950. <br /> ATTACHMENT <br /> Morgan and Eklund, Inc. Invoice No. 1-14-1549-1-14-1556, dated May 6, 2015. <br /> APPROVED AGENDA ITEM <br /> FOR: May 19, 2015 Indian River County Approved Date <br /> Administration // 1/,� <br /> BY:1k0,0. " • d , 02//.5 <br /> Budet <br /> , <br /> Legal iC 'f-% <br /> Public Works c 2A <br /> Coastal Eng. Division J06 5111(6 <br /> F:\Public Works\JamesG\Sector 3\Morgan and Eklund Work Orders\Scope of Work--Work Order No 1\agenda item- <br /> -WO No. 1 --Morgan and Eklund Surveying 2014--Release of Retainage.docx <br /> 26 <br />