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Spencer County approves $156,680.62 payment to Elder Construction for parking/farmers market work
Summary
Fiscal Court approved payment of $156,680.62 to Elder Construction for the Spencer County parking / farmers market project as presented in the contractor’s application for payment; the county recorded contract and retainage figures in the invoice documentation.
Spencer County Fiscal Court voted Nov. 17 to authorize payment of $156,680.62 to Elder Construction Inc. for work on the county’s parking project tied to the farmers market.
The court reviewed an application for payment from Elder Construction (Invoice PA‑25‑021‑04) that included contract totals, change orders and retainage calculations. The invoice lists an original contract sum and net changes by change order; the application certified that work covered by the invoice had progressed in accordance with contract documents. The court approved the payment on a unanimous voice vote (motion by Esq. Travis, seconded by Esq. Pharris).
The invoice materials included a contract sum to date, prior payments, retainage figures and a balance to finish. The County did not discuss a separate holdback or a specific payment schedule in the public record beyond the certified application for payment and the Court’s approval. The judge and members voted to approve the contractor’s certified payment amount.
