HomeMy WebLinkAbout09/16/03SEPTEMBER 16, 2003
At a Meeting of the Board of Commissioners, held in the Commission Chambers at City
Hall at 5:00 p.m., Tuesday, September 16, 2003, Mayor Paxton presided, and upon call of
the roll by the City Clerk, the following answered to their names: Commissioners
Coleman, Guess, and Smith (3). Mayor Paxton was late (1). Commissioner Montgomery
was absent (1).
FIRE DEPARTMENT REVIEW/UPDATE
Fire Chief Redell Benton, did a review/update of the Paducah Fire Department. A copy
of his presentation is in the Minute file. He was assisted by the Assistant Chiefs, Fire
Marshal and Fire Training Officer.
FY 2004 PROPERTY TAX LEVIES ISSUES
Jon Perkins, Finance Director, discussed the above tax levies. The Property Valuation
Administration provides assessed value of properties and overall the City's assessed
value rose just over 3%. Staff recommends the City stay with $.30 per $100 assessed
value. This is the 5th year in a row for this rate. Annexed areas have grown to be about
50% of the tax base. Today, residential assessed value of the total tax base is $485M and
commercial has grown to approximately $600M. Commission agreed by consensus that
the City stay with the tax rate of $.30 per $100 assessed value.
UPDATE FY 2003 END OF YEAR FUND BALANCE PROJECTION
Jon Perkins, Finance Director, presented new information regarding the prediction of
revenues and expenditures started about 15 to 17 months ago in 2002 to this year. At the
end of June 2003, estimated revenues gross $24.93M, the City will probably gross
$24.98M. In the same year, expenditures were estimated at $25.43M, actual expenditures
are likely to be $24.5M. The City was anticipating 19 months ago that it would spend
$500,000 more than the City would receive in funding, but actually the City spent less
than $500,000 of what the City received. This causes the City to have one time money of
$1.2M.
BUCKNER LANE BRIDGES BIDS & CONTRACT OPTIONS
Rick Murphy, City Engineer, updated the Board on the above topic. Engineering has
received 3 bids with the lowest bid being approximately $883,000, which is over the state
grant of $750,000. Currently there are right-of-way negotiations underway regarding the
bridge structures. As the project stands, the low bid exceeds the available budget by
$133,000, right-of-way purchases are pending and a professional engineering service
agreement will be required. City Engineer and City Manager estimated a shortfall
totaling $300,000 for this project. Both the City Manager and City Engineer
recommended to the Board to fund the aforementioned shortfall from the $1.2M one time
projected general funds. The City Engineer reiterated to the Board no roadway work will
take place as apart of this project. The Board agreed with the City Manager and City
Engineer's recommendation and directed the City Engineer to proceed with the project as
discussed.
CITY MANAGER REPORT
❖ Calendar Items
❖ Request for Executive Session to discuss economic development and collective
bargaining.
EXECUTIVE SESSION
Commissioner Guess offered motion, seconded by Commissioner Coleman, that the
Board go into closed session for discussion of matters pertaining to the following topics:
�, ❖ Collective bargaining with public employees, as permitted by KRS 61.810(1)(e).
❖ A specific proposal by a business entity where public discussion of the subject
matter would jeopardize the location, retention, expansion or upgrading of a
business entity, as permitted by KRS 61.810(1)(g).
Adopted on call of the roll, yeas, Commissioners Coleman, Guess, Smith and Mayor
Paxton (4).
Upon motion meeting adjourned.
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276
SEPTEMBER 16, 2003
ADOPTED: September Z.3 , 2003
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Tammara S. Brock, City Clerk Mayor Pro Tem
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