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Kokomo approves partial release of $415,132.60 in retainage for Sparks Road project
5928667 · August 27, 2025
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Summary
The board approved releasing $415,132.60 plus accrued interest to E and B Paving LLC while retaining $150,000 pending stabilization of adjacent private sites and final IDEM/MS4 approval, which staff estimated could take about three months.
The Kokomo City Board of Public Works and Safety on Aug. 27 approved a partial release of contractor retainage for the Sparks Road project, releasing $415,132.60 plus any accrued interest to E and B Paving LLC and retaining $150,000 until adjacent-site stabilization and regulatory sign-off are complete.
John Pike…
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