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Fiscal Court approves $24,750 draw to Elder Construction for Pavilion/Farmers Market
Summary
The Court approved draw #11 to Elder Construction for $24,750 related to the Pavilion/Farmers Market project and reviewed a detailed contractor application for payment.
Spencer County Fiscal Court approved draw #11 to Elder Construction for $24,750 at its May 18 meeting.
Elder Construction submitted Invoice #PA-25-021-11 for the Pavilion/Farmers Market project, along with a detailed progress breakdown and change-order summary. The Court's motion to approve draw #11 was made by Esq. Stump and seconded by Esq. Pharris. The vote passed with one nay (Esq. Cotton) and one absence (Esq. Travis). The court minutes capture the contractor's application, the architect's certificate and the remaining balance to finish the project as recorded in the draw package.
The Court's approval authorizes payment to Elder Construction and maintains the project's cashflow. The Court also approved prior related transfers and confirmed capital project accounting will track the remaining construction balance.
What happens next: Finance will issue the certified draw payment to Elder Construction and continue to monitor contractor billing and retainage until project completion.
