HomeMy WebLinkAbout02-19-2019 Joint CalledFEBRUARY 19, 2019
At a Joint Called Meeting of the Paducah Board of Commissioners and McCracken County
Fiscal Court, held on Tuesday, February 19, 2019, at 5:00 p.m., in the Commission Chambers of
City Hall located at 300 South 5th Street, Judge Clymer and Mayor Harless presided. Upon call
of the roll by the City Clerk, the following answered to their names: Commissioners Abraham,
McElroy, Watkins, Wilson and Mayor Harless (5). Upon call of the roll, by the County Clerk,
the following McCracken County Fiscal Court members answered to their names:
Commissioners Bartleman, Jones, Parker and Judge Executive Clymer (4).
PRESENTATION
TAX INCREMENT FINANCING DISTRICT
Casey Bolton with Commonwealth Economics Partners, LLC, made a presentation to the City
Commission and McCracken County Fiscal Court about creating a Tax Increment Financing
District in Paducah. A copy of the presentation can be found in the minute file. The following is
an excerpt from meeting highlights by Public Information Officer Pam Spencer:
"The proposed TlFproject would incorporate approximately 315 acres of
downtown Paducah and the riverfront. The goal of a TIF district is to promote
public and private development. A TIF district does not change the way property
or businesses are taxed or how taxes are collected. The baseline revenue is first
calculated on the applicable properties in the district. This is the amount of taxes
currently collected. Then, once a TIF is created and public and private projects
are implemented within the boundary of the TIF district, the tax revenue in excess
of the baseline is reinvested in the district. It's a way to capture taxes and
reinvest the funds into the district to promote development. The taxes that can be
used for reinvestment include state sales tax, property tax, individual income tax,
and corporate tax in addition to local property and payroll taxes. "
PUBLIC HEARING
Mayor Harless opened the Public Hearing on the proposed Tax Increment Financing District.
Ron Ward, Michael Cochran and Phyllis Joyce made comments regarding the proposed TIF
District.
Mayor Harless closed the Public Hearing.
EXECUTIVE SESSION
Mayor Harless offered motion, seconded by Commissioner Wilson, that the Board of
Commissioners go into closed session for discussion of matters pertaining to the following
topics:
• Future sale or acquisition of a specific parcel(s) of real estate, as permitted by KRS
61.810(1)(b)
• 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, Commissioner Abraham, McElroy, Watkins, Wilson and Mayor
Harless (5).
Commissioner Jones offered motion, seconded by Commissioner Parker that the McCracken
County Fiscal Court go into closed session for discussion of matters pertaining to the following
topics:
Future sale or acquisition of a specific parcel(s) of real estate, as permitted by KRS
61.810(1)(b)
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(l)(g).
All in favor (4).
FEBRUARY 19, 2019
RECONVENE IN OPEN SESSION
Mayor Harless offered motion, seconded by Commissioner Abraham that the Paducah Board of
Commissioners reconvene in open session.
Adopted on call of the roll yeas, Commissioner Abraham, McElroy, Watkins, Wilson and Mayor
Harless (5).
Commissioner Bartleman offered motion, seconded by Commissioner Jones that the McCracken
County Fiscal Court reconvene in open session.
All in favor (4).
PRESENTATION
COLUMBIA THEATRE RESTORATIONBOND
Hal Sullivan and Darlene Mazzone with the Paducah Art House Alliance board spoke to the
Board of Commissioners and Fiscal Court about the restoration of the Columbia Theatre. In
2013, it was determined that the Columbia Theatre be restored. A taskforce was created to
oversee the restoration at that time which has become the Paducah Art House Alliance. The
Paducah Art House Alliance has made progress with cleaning and preservation of the interior as
well as conducting a feasibility study and paint study. The building now needs to be stabilized in
order to use it as a cultural hub.
The Paducah Art House Alliance proposes using a portion of the room tax as bonding service for
the Columbia Theatre Phase I Stabilization project. The City would act as the issuer and the
County would act as the collector and pass through of the tax.
DISCUSSION OF FUTURE CITY/COUNTY JOINT MEETING DATES
The Mayor proposed future meeting dates of Tuesday, March 19'ft at 5:30 p.m. at the McCracken
County Courthouse and Tuesday, April 16th at 5:30 p.m. at City Hall. All Commissioners were
agreeable to these dates and times.
ADJOURN
Commissioner Bartleman offered motion, seconded by Commissioner Parker to adjorn the
meeting of the Fiscal Court. All in favor.
Mayor Harless offered motion, seconded by Commissioner Wilson, to adjourn the meeting of the
Paducah Board of Commissioners. All in favor.
Meeting ended at approximately 7:08 p.m.
ADOPTED: March 12, 2019
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