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Court selects Elder Construction for pavilion project and votes to seek $1M in financing
Summary
After opening four bids for a pavilion and front building, the Fiscal Court amended a motion and awarded the turnkey contract for the entire project to Elder Construction at $2.5 million (passed 4–2). The court then voted to seek $1 million in additional financing to supplement budgeted and settlement funds for this and other projects.
The court opened four sealed bids for the pavilion project (options: turnkey for both buildings or turnkey for front building only). Bids ranged from approximately $2.2M (front‑building bids) up to $4.8M (full packages). After sustained discussion about scope, future attractions and use of settlement and COVID funds, the court considered motions and amendments.
Following an amendment on the floor, the court voted by roll call to award turnkey bid number 1 (entire project) to Elder Construction for $2,500,000; the amendment and final motion passed 4–2. The chair then led a discussion about funding sources: the court has approximately $2.0M budgeted and expects settlement proceeds; to preserve reserves and ensure sufficient cash flow the court approved a motion to seek $1,000,000 in additional financing to cover the project and other near‑term needs.
Court members debated whether to build both buildings immediately or phase the project (front building first, then back building or other attractions). Some members favored phasing and seeking grants to augment development; others emphasized capitalizing the opportunity while funds and favorable borrowing terms are available.
Next steps: contract documents and payment schedules will be negotiated with Elder Construction, financing options will be explored (bond pool / loan facility), and staff will return with recommended terms and appropriation steps.
