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Scott Construction v. City of Montpelier

Failed Scott Construction files for bankruptcy
MONTPELIER – Scott Construction Inc, the Newport firm that was mistakenly overpaid $462,000 by the city of Montpelier in 2004, filed for bankruptcy earlier this month.  Published on: February 18, 2010
Mayoral candidates for Montpelier debate Scott case, reappraisal problem
MONTPELIER – On at least one point, the two mayoral candidates were in complete agreement. Montpelier is a vibrant place to live, with a strong downtown, healthy neighborhoods and quality schools.  Published on: February 12, 2010
Scott study will be in annual reports
MONTPELIER – State Auditor of Accounts Thomas Salmon and the Montpelier Citizens Financial Review Committee presented two reports to the City Council this week examining the 2004 Scott Construction overpayment of $462,000 and subsequent handling of the error after it was discovered two years later.  Published on: February 12, 2010
Scott Report: 'There are no villains here'
MONTPELIER – Two reports released Friday examining Montpelier's handling of the Scott Construction overpayment in 2004 essentially cleared the city staff and the city council of any intentional wrongdoing, but made suggestions for improving financial systems and ensuring residents are more informed about issues in the future.  Published on: January 16, 2010
City recovers lost construction funds
MONTPELIER – Montpelier officials received a $397,079 holiday treat Friday, news that essentially all the money lost in a 2004 overpayment to Scott Construction Inc. of Newport was recovered, in large part through a provision of the city's insurance policy.  Published on: December 12, 2009
Audit firm hired to examine Scott error
MONTPELIER – State Auditor Thomas Salmon said Friday a citizen's committee looking into Montpelier's overpayment to Scott Construction Inc. has hired a Williston accounting firm to review the error and ensure the city's financial systems are adequate to prevent a similar mistake in the future.  Published on: December 12, 2009
Montpelier's goal after Scott case is trust
MONTPELIER - A group of about 10 concerned citizens joined State Auditor of Accounts Thomas Salmon in Montpelier City Council chambers Monday night and outlined some of the key questions the city needs to address following a 2004 overpayment to Scott Construction Inc. of Newport of $462,000.  Published on: November 17, 2009
Montpelier to ask state auditor, firms about Scott review
MONTPELIER – The Montpelier City Council voted Wednesday to contact the State Auditor of Account's office, as well as private auditing firms, about reviewing the city's financial management systems and the 2004 overpayment to Scott Construction Inc. for water line work.  Published on: November 5, 2009
Montpelier officials pledge to hold line on taxes
MONTPELIER – Barring some unforeseen problem, Montpelier's municipal tax rate will not increase next year, City Manager William Fraser said Monday.  Published on: November 3, 2009
Montpelier councilor wants documents released
MONTPELIER – Montpelier City Councilor Jim Sheridan said Thursday that all material and correspondence related to the Scott Construction case should be made public, and therefore he will move at the next meeting for the council to reconsider its decision to seek a second legal opinion on that question.  Published on: October 30, 2009
Bankrupt Scott Construction inventory sold at auction
MONTPELIER – An Ohio-based auction firm earlier this month sold off equipment owned by a bankrupt construction firm at the heart of a financial scandal in the Capital.  Published on: October 28, 2009
Sorting it out
MONTPELIER – Rarely are Montpelier City Council meetings filled with surprising revelations, complex questions with no immediate answers, and suggestions put forward by residents – taken at full value by the council – to help move the city forward.  Published on: October 22, 2009
Capital's money problem serves as wakeup call for towns
MONTPELIER – Barre Mayor Thomas Lauzon said Thursday he will ask the City Council next week to tighten internal controls for processing warrants and check requests of $50,000 or larger, a move sparked by Montpelier's overpayment in 2004 of about $462,000 from the capital city's water fund.  Published on: October 16, 2009
Analysis: Hard lessons for Montpelier to learn
Montpelier had a good night. In the face of what is undoubtedly one of the capital city's toughest hours, the community came together as a concerned community should.  Published on: October 15, 2009
After Montpelier, Barre might tighten invoice oversight
MONTPELIER - Barre Mayor Thomas Lauzon said Thursday he will ask his City Council next week to tighten internal controls for processing warrants and check requests of $50,000 or larger, a move sparked by Montpelier’s overpayment in 2004 of about $462,000 from the capital city’s water fund.  Published on: October 15, 2009
Sorrell: State may investigate
MONTPELIER — Vermont Attorney General William Sorrell said Wednesday his office, in conjunction with the Washington County State's Attorney's office, will review the actions of Scott Construction Inc. in cashing and keeping an overpayment of about $462,000 from the city of Montpelier in 2004.  Published on: October 15, 2009
AG: State's attorney to review Montpelier fund shortfall
MONTPELIER -- Vermont Attorney General William Sorrell said Wednesday his office, in conjunction with the Washington County State's Attorney's office, will review the actions of Scott Construction Inc. in cashing and keeping an overpayment of $462,000 from the city of Montpelier in 2004.  Published on: October 14, 2009
Hooper backtracks on her stance on Montpelier's fiscal mistake
MONTPELIER — Mayor Mary Hooper said Tuesday that in hindsight, the City Council should have publicly disclosed a $462,000 overpayment from Montpelier's water fund much earlier than last week.  Published on: October 14, 2009
Hooper: We should have gone public sooner
MONTPELIER -- Mayor Mary Hooper said Tuesday that in hindsight the City Council should have disclosed the overpayment by $462,000 from Montpelier's water fund publicly much earlier than last week, certainly when the city moved foward to sue Scott Construction, Inc., for repayment of the funds on May 1.  Published on: October 13, 2009
Regrets, but no resignations
MONTPELIER – Montpelier residents concerned about the disclosure last week of a $462,000 payment error made in 2004 will have their say before the City Council on Wednesday. That portion of the meeting is tentatively scheduled for 8:10 p.m.  Published on: October 13, 2009
Council gets an earful over lost $400,000
MONTPELIER — Members of the City Council said Saturday they are hearing from residents about the roughly $400,000 lost from the city's water fund — some wondering how such a large sum could have been overpaid and others dismayed that the problem was not made public sooner.  Published on: October 11, 2009
Check error ends up costing Montpelier $400,000
MONTPELIER - In what City Manager William Fraser described Friday as a "serious financial situation," Fraser and Mayor Mary Hooper disclosed that an accounting mistake made in 2004 has cost the city about $400,000 - money taken from the water fund that in all likelihood will not be recouped.  Published on: October 10, 2009

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