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Kokomo Council accepts $1.6 million pay application for conference center; consultant recommendation acknowledged
Summary
The Kokomo City Council on Nov. 5 acknowledged a pay application for the conference center totaling $1,598,110.30 and accepted a consultant recommendation to disburse most funds to the contractor while holding a retention; the council recorded the recommendation and carried the related motion.
The Kokomo City Council on Nov. 5 reviewed pay application numbers 13 and 14 for the city’s conference center (CVB), representing a total request of $1,598,110.30. Staff told the council the application had been reviewed independently and presented a payment recommendation from the consultant on file.
According to materials read into the record, the consultant recommended disbursing the bulk of the requested amount to the contractor while placing a portion into a retained account for later release. The transcript lists recommended disbursements as $1,000,000 and $518,204.78 to the contractor and an amount read into the record as “$79 and $905.52” into a retained account. The council acknowledged the recommendation during the meeting.
The city’s construction oversight and the pay application were reviewed by the designated review body on Oct. 25 before being presented to the council. No amendment to the recommendation was recorded in the public exchange; the council moved the item forward as presented.
Next steps: the council’s acceptance advances the pay application toward disbursement according to the city’s contracting and retainage procedures; no additional public hearings were scheduled in the provided record.
