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n .� <br /> INDIAN RIVER COUNTY, FLORIDA <br /> MEMORANDUM <br /> DATE : February 26 , 2003 <br /> TO : William G. Collins , II, Deputy County Attorney <br /> FROM : Christopher J. Kafer, Jr. , P . E . , County Engine <br /> SUBJECT : Pointe West Central Village Phase III — Reques for Bond Reduction <br /> I have reviewed the submitted request for bond reduction for the above subject project. <br /> It is my understanding that the original cash bond was for $ 57, 039 . 22 ($49 , 599 . 32 X 115 %) and it <br /> was posted for improvements not completed at the time of Final Plat. <br /> Our investigation showed that the following items are not yet completed and still need to be bonded : <br /> R6 Sidewalk, 18 ' X 6" — 120LF @ $ 36 . 00/LF = $ 49320 . 00 <br /> R8 Concrete, 4 ' X 4" — 2 ,470LF @ $ 10 . 80/LF = $26 , 676 . 00 <br /> $ 309996 . 00. <br /> X 115% <br /> $ 35 , 645 . 40 <br /> I recommend that $ 35 , 645 . 40 be retained as a cash bond for the above subject items and that <br /> $ 21 , 393 . 82 be refunded to the developer. <br /> Please contact me at extension 1221 if you have any questions . <br /> CJK/ktp <br /> cc : James W. Davis, P . E . , Public Works Director <br /> Wilson Wetherington, Engineering Technician <br /> Jason Brown, Manager, Office of Management & Budget <br /> Steve Melchiori, P . E . , OnSite Management Group <br /> FILE <br /> E If <br /> V )) <br /> FAEngineering\Land Development Permits\Pointe West Central Vil , Ph III-Memo Attorneys-bond reduction-cjk.doc <br />