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State, courthouse builder reach bond agreement

FRANKFORT, Ky. (AP) - The Kentucky Administrative Office of the
Courts has an agreement with Codell Construction Company that will
allow courthouse projects in four counties to begin.

A review was ordered after it was found the Winchester-based
company was providing performance bonds for only a fraction of the
value of its work on the projects.

A statement from the Office of the Courts said Codell will now
provide 100 percent performance bonds and projects in Carlisle,
Hancock, Mercer and Whitley counties can begin immediately.

The court is allowing also Codell to phase in bonds on eight
other courthouse projects already under way, eventually insuring
100 percent of the construction.

The company currently furnishes bonds on 7 percent of its fee
for those projects in Allen, Breckinridge, Campbell, Franklin,
Owen, Pike, Todd and Wolfe counties.

(Copyright 2009 by The Associated Press. All Rights Reserved.)


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