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Middletown council approves $455,037 payment for 5th Street project
Summary
The Middletown Town Council approved change orders 4–6 and authorized the sixth payment from the SRF 5th Street Project loan to 3‑D Company, Inc. for $455,037.33, with retainage set aside and part of the payment funded by Vectren for Locust Street sidewalk repairs.
The Middletown Town Council on Oct. 7 approved change orders 4 through 6 and authorized the sixth payment from the SRF 5th Street Project loan to 3‑D Company, Inc. for $455,037.33. Town Council President Betty Riley moved the measure; Council Member Norm Purdue seconded and the motion passed unanimously, with four members voting in favor and one member absent.
Clerk‑Treasurer Drew Cooper recorded that $2,297.49 of the payment would be placed into a retainage account and that $28,968.39 of the disbursement would be paid from funds received from Vectren specifically for sidewalk repairs on Locust Street. The council did not record any amendments to the payment or dissenting votes.
The action implements change orders related to the SRF 5th Street Project and directs the town to disburse the specified funds to 3‑D Company, Inc. The council took the vote during its regular meeting and adjourned after completing this and other routine items.
