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Spencer County approves $59,572.80 draw to Elder Construction for pavilion project
Summary
The Fiscal Court certified and paid an Elder Construction invoice of $59,572.80 as a draw on the Spencer County pavilion project; the architect certified work completed and retainage amounts are reflected in the application for payment.
Spencer County Fiscal Court reviewed and approved an application for payment from Elder Construction related to the Spencer County pavilion project and authorized payment of the current draw.
Judge Executive Scott Travis presented the contractor's application for payment, which detailed original contract sums, change orders and amounts completed to date. The architect's certificate accompanying the application certified $59,572.80 as the current payment due after accounting for prior payments and retainage. On a motion by Magistrate Stump, seconded by Magistrate Cotton, the court voted "aye" and ordered payment of the Elder invoice in the amount of $59,572.80.
Why it matters: The payment moves project funds to the contractor and reduces the balance to finish on the contract; the application and certificate are the county's record that work progressed and that the contractor is entitled to the certified amount.
The meeting record lists the contract sums and retainage in the application; the court recorded the motion and payment on the Jan. 20 docket.
