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Kindred approves $1.53 million contractor payment for Meadow Trails contingent on financing
Summary
The Kindred City Council approved Contractor’s Application for Payment #1 for Meadow Trails totaling $1,532,434.93, contingent on the city receiving financing; the motion passed unanimously on Jan. 7, 2025.
The Kindred City Council unanimously approved Contractor’s Application for Payment #1 (CAP#1) for the Meadow Trails development, totaling $1,532,434.93, during its Jan. 7, 2025 meeting. The payment approval was contingent on the city securing financing. The motion was made by Council Member Peraza and seconded by Council Member Ronningen; council recorded a roll-call vote and the motion carried unanimously.
Tony Sager of MBN Engineering updated the council on Meadow Trails’ progress before the vote. Council discussion focused on the financing contingency; no firm financing source was recorded in the minutes. The approval instructs staff to proceed with processing the payment once documented financing is in place.
The action joins other recently approved project-level engineering items: later in the meeting the council approved multiple Moore Engineering invoices and a final balancing change order related to Newport Ridge and other CIP items.
Next steps: the city must secure the stated financing before the payment is executed. The council did not record additional conditions or a timetable in the minutes.
