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Supervisor outlines contractor payment process for township construction loan
Summary
Supervisor Richard Tice described the multi-step approval and disbursement process for contractor progress payments under the township's construction loan, including approvals by architects, the township, USDA and First National Bank.
During new business the board heard an explanation from Supervisor Richard Tice about how contractor progress payments are handled under the township's construction loan. Tice described a multi-step workflow: contractor documentation is approved by the project's architects, the township and the USDA; a request is then sent to First National Bank (FNB) with similar approvals plus legal sign-off from Solicitor Raymond Bogaty to borrow on the construction loan and fund the FNB checking account; funds are then disbursed to the contractor.
Resident Jason Urban later asked who had received construction bids, naming Milcam, Penn-Ohio Electric and Preferred Plumbing and Air System. The minutes record Urban's question but do not include responses identifying a winning bidder or a contract award.
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