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Fiscal Court approves $785,834 bond estimate for Smithfield Estates road phases
Summary
Henry County Fiscal Court approved an engineer/contractor estimate of $785,834 as the bond amount required for roadway construction for Smithfield Estates Phases 2 and 3.
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Judge Bates presented the engineer and contractor estimate of $785,834 as the amount required for road construction in Smithfield Estates Phases 2 and 3. On motion by Esq. Brad Fisher and second by Esq. Ed Frederick the Court approved the $785,834 estimate so the developer may obtain the required bond.
The bond approval is limited to the court’s recorded estimate for roadway construction; the minutes do not provide contract documents or a payment schedule. The Court recorded the approval as "Motion carried unanimously."
