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AGREEMENT IS ON FILE IN THE <br />OFFICE OF THE CLERK TO THE BOARD <br />11.G.1. JUNGLE TRAIL/PELICAN ISLAND WILDLIFE REFUGE <br />- PUBLIC IMPROVEMENTS - PROJECT 9724 - BRAD <br />SMITH ASSOCIATES, INC. REQUEST FOR RELEASE OF <br />RETAINAGE <br />The Board reviewed a Memorandum of May 9, 2002: <br />TO: <br />THROUGH: <br />FROM: <br />SUBJECT: <br />James Chandler, County Administrator <br />James W. Davis, P.E., Public Works Directo <br />Christopher J. Kafer, Jr , P E , County Enginee <br />Ars <br />)I/ <br />7 <br />Jungle TraiUPelican Island Wildlife Refuge Public Improvements <br />IRC Project No. 9724 <br />REQUEST FOR RELEASE OF RETAINAGE <br />DATE: May 9, 2002 <br />DESCRIPTION AND CONDITIONS <br />Indian River County entered into a Professional Architectural Services Agreement with Brad Smith <br />Associates, Inc. on May 23 2000. The original compensation amount was $154,022 00. Two (2) <br />amendments to the agreement have been executed which changed the compensation amount to <br />$193,361.00. <br />The Design and Permitting portion of the Professional Architectural Services Agreement has been <br />completed. <br />The Consultant has received $169,275.01 to date with $18,825.49 (10%) retainage previously held <br />by the County until a partial release of retainage in the amount of $9 412.75.(5%) was granted by the . . <br />Board of County Commissioners on December 7, 2001. The Consultant is now requesting a release <br />of the remainder of retainage in the amount of $9,412 74 The Professional Architectural Services <br />Agreement states that the retainage will be released upon award of a Construction Contract, which <br />has occurred. Construction is underway. <br />MAY 21, 2002 <br />14, <br />-64- <br />