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Intermodal Authority Holds Intense Discussion on It’s Inability to Pay Bills

August 17th, 2012 by

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.

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2 Responses to “Intermodal Authority Holds Intense Discussion on It’s Inability to Pay Bills”

  1. tax payer says:

    It’s about time someone took notice of whats going on with this boondogle. I looks like the City of Monticello is footing most of the bill. I’m sure the banks will be sure the promissed grants are actually approved before making the loan. Just as important is whether or not expenditures allready made will be elgible to be paid from grant funds. BE CAREFULL.

  2. doc says:

    Everyone says use local contractors,builders etc. this is why they charge more and why some won’t take jobs from our local government. Pay the man for the work he has done. Would you work knowing you are not going to get paid? NO!!!

    If the shoe was on the other foot they would have siezed every thing this contractor has. May be he should file liens on the land for the rest of his pay.

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