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7.L. County Sidewalks: Roseland Road (Project #9916), Fellsmere <br />Road (Project #9917), Old Winter Beach Road (Project #0002) - Tim <br />Rose Contracting, Inc. - Release of Retainage <br />The Board reviewed a Memorandum of April 10, 2002: <br />• <br />TO: <br />THROUGH• <br />FROM: <br />SUBJECT: <br />James Chandler, County Administrator <br />James W. Davis, P.E., Public Works Director <br />And <br />Chnstopher J. Kafer Jr , P E , County Engine <br />Robert S. Skok, Civil Engineer <br />County Sidewalks Release of Retainage <br />Roseland Road - IRC Project # 9916 <br />Fellsmere Road - IRC Project # 9917 <br />Old Winter Beach Road - IRC Project # 0002 <br />DATE: April 10, 2002 <br />C�- <br />DESCRIPTION AND CONDITIONS. <br />Indian River County executed the Construction Contract for the County Sidewalks listed above on <br />August 14, 2001. The original contract amount was $531,191.95. One previous Change Order has <br />resulted in one net change as follows:1, The Contract time was extended by 25 days to a final time <br />of 145 days. <br />The contractor has received $478,072 75 to date and is requesting the release of retainage in the <br />amount of $53,119.20. The Contractor has submitted a signed Final Payment Affidavit. A payment <br />bond is in effect for this contract. The Engineering Division of Public Works has inspected the <br />completed project and found it to be acceptable. <br />Project <br />Roseland Road <br />Fellsmere Road <br />Old Winter Beach Road <br />TOTALS <br />Contract <br />$276,455.75 <br />$111,916.00 <br />$142 870.20 <br />$531,191.95 <br />ALTERNATIVF.,S AND ANALYSIS <br />Paid to Date <br />$248,810 17 <br />$100,724 40 <br />$128.538 18 <br />$478,072 75 <br />Rttainage <br />$27,645.58 <br />$11,191.60 <br />$14787.02 <br />$53,119.20 <br />Alternative No. 1 - Approve the request for release of retainage in the amount of $53,119.20. <br />Alternative No. 2 - Deny the request for release of retainage. <br />June 18, 2002 <br />30 <br />