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7.0. EMERALD ESTATES SUBDIVISION- FORCE MAIN CONS TR UC TION - <br />DEMETREE-INDIAN RIVER, LLC - DEVELOPER'S AGREEMENT FINAL <br />PAY REQUEST <br />The Board reviewed a Memorandum of April 24, 2002: <br />DATE: <br />TO: <br />FROM: <br />PREPARED & <br />STAFFED BY: <br />SUBJECT: <br />APRIL 24, 2002 <br />JAMES E. CHANDLER, COUNTY ADMINISTRATOR <br />W. ERIK OLSON, DIRECTOR OF UTILITY SERVICES <br />AARON J. BOWLES, P.E. <br />ENVIRONMENTAL ENGINEER Afb <br />EMERALD ESTATES SUBDIVISION FORCE MAIN <br />CONSTRUCTION DEVELOPER'S AGREEMENT FINAL PAY <br />REQUEST INDIAN RIVER COUNTY PROJECT NO. CDS/CCS 2024 <br />RACKGROT TND• <br />On Febmary 19, 2002 the Board of County Commissioners approved a Developer's Agreement with <br />Demetree — Indian River, LLC to install a master planned force main along 45th Street from King's <br />Highway to the subject property's west property line. Construction of the force main is now complete <br />and the Department of Utility Services hasacceptedthe associated facilities. The developer is now <br />requesting reimbursement for the dedicated utilities in accordance with the agreement (see attached <br />invoice -Attachment A). <br />ANALYSIS• <br />The developer had not previously submitted any request for payment. The attached invoice is for final <br />payment. There was a reduction of $3,632.52 from the original estimated project cost of $60,244.52 <br />due to a favorable bid and reduction in miscellaneous estimated material quantities. The adjustments <br />reduce the Developer s Agreement contract amount to 556,562.00. Deducting what the Developer <br />owes to the County for sewer line extension fees ($7 380.36) and for the recently extended water main <br />from the Black Bear Developer's Agreement ($49,151.00), the Utilities staff is now requesting final <br />payment in the amount of $30.64 to complete the County's obligation to the Developer. <br />MAY 7, 2002 <br />-40- <br />1 <br />