Monticello Live

According to our news partner, Saline River Chronicle, for a number of months the Southeast Arkansas Intermodal Board has been talking about problems and difficulties getting the necessary approval to finish a road being constructed on the site of the intermodal park, that crossing the railroad.

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The Southeast Arkansas Regional Intermodal Authority met on July17, 2013 in the Bradley County Economic Development Board Room in Warren, AR with 24 people present.

Here are the results of that meeting, as reported by SalineRiverChronicle.com.

According to SalineRiverChronicle.com, The Southeast Arkansas Intermodal Authority conducted a called meeting Friday, April 5 at the offices of the Bradley County Economic Development Commission.  

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The Southeast Arkansas Intermodal Authority met Wednesday with engineers and the involved funding entities.

Here is the report from SalineRiverChronicle.com.

Last week, Commercial Bank, Union Bank, and First State Bank of Warren, jointly approved a $1 million loan to the Southeast Arkansas Intermodal Facility board, in order for them to pay past due bills to contractors, until government grants are received.

SalineRiverChronicle.com has more on the story.

For more background on the issue, click here.

The meeting was contentious from the onset as the board immediately went into a discussion of cash flow issues and the fact that numerous bills are past due including one from T&T Construction in the amount of $278,000.00. Mr. Tracy Rawls, owner of T&T was present and indicated he had pulled off the job pending being paid. He indicated he had borrowed a substantial amount of money to cover his costs while waiting upon payment from the Authority. Mr. Rawls stated that he wanted to be exempt from liability for the work he has completed should there be substantial rain before he can complete more work. There is a danger that repairs could be costly.

Click here to read the full story on SalineRiverChronicle.com