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W. F. McCain & Associates, Inc . <br /> 1171 19"' Street 2.007- 163 <br /> Vero Beach , Florida 32960 <br /> Phone : (772) 770- 109.3 <br /> Innovative Solutions in Civil and Environmental Engineering Services Fax : (772) 770- 1508 <br /> November 6, 2006 revised January 15, 2007 <br /> Mr. Michael Hotchkiss, P .E. <br /> Capital Projects Manager <br /> Indian River County Utilities <br /> 1840 25`h Street <br /> Vero Beach, FL 32960 <br /> RE: 26 ' " STREET & KINGS HIGHWAY SEWER FORCE MAIN DEVELOPERS AGREEMENT AKA <br /> BELLA ROSA , ENGINEER' S PROJECT NO. 05- 158, UCP NO 2450 <br /> Dear Mr. Hotchkiss : <br /> Per our recent meeting on the above referenced Developers Agreement, WFM has modified the original <br /> distribution of cost recovery as follows : <br /> 1 . The Kings Highway portion of the Force Main (FM) project is to be revised as a Master Planned <br /> Main. <br /> 2 . As a Master Planned FM the cost of this portion of the project (i .e. Kings Highway) will be funded by <br /> the Utilities Department. <br /> 3 . WFM, in conjunction with the Utilities Department Staff has revised the list of benefited properties <br /> from the project. This was necessitated by several things — over time, properties had connected to <br /> other portions of the County Collection System and a closer review of City / County service area <br /> lines. <br /> The original budget for the assessment/Developers Agreement was $329,290.30 (please reference the <br /> enclosed Developers Agreement copy). The final revised Developers Agreement cost is $209,980.20 (please <br /> reference the attached cost summary spread sheet), which equates to a reduction of $119,310. 10 in the project <br /> cost . Attached is a revised distribution of project costs over the benefited properties versus the preliminary <br /> distribution. We have also included copies of the final pay requests, payment performance bonds, and release <br /> of liens. <br /> WFM is formally requesting that a modification to the developers payout distribution and final project <br /> approval be granted. <br /> LTR. Hotchkiss.Project Close out rev 1.15.07 1 of 2 <br /> Attachment 1 <br />