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RESOLUTION
A RESOLUTION OF THE BOARD OF COMMISIONERS OF THE CITY OF
PADUCAH, KENTUCKY, SUPPORTING THE LOCATION OF SHORELINE STEEL
SOUTH, LLC BY REBATING THE 1% PAYROLL TAX ON CERTAIN KEDFA PROGRAM
FOR ELIGIBLE POSITIONS
WHEREAS, a strong economy is important to the City of Paducah and the
region, and the Board of Commissioners of the City of Paducah, Kentucky, strives to support the
location of a new businesses; and
WHEREAS, Shoreline Steel South, LLC is a producer of steel piling for erosion
control seawall construction, soil stabilization, and highway construction headquartered in New
Haven, Michigan ; and
WHEREAS, Shoreline Steel South, LLC in 2011 announced plans to locate a
new production operation in Paducah and constructed a new 20,000 square foot facility that
began operations in 2012; and
WHEREAS, Shoreline Steel South, LLC's $1,180,000 investment created 13
new full time employees earning an average wage of $15.62 per hour; and
WHEREAS, in order to assist in the project, Shoreline Steel South, LLC, is
eligible for a 1% payroll tax rebate for up to five years, to be offered in conjunction with the
Kentucky Economic Development Finance Authority (KEDFA) program that grants forgiveness
of 3% State payroll tax.
NOW, THEREFORE, BE IT RESOLVED AND ORDERED BY THE CITY OF
PADUCAH, KENTUCKY, ACTING BY AND THROUGH ITS BOARD OF
COMMISSIONERS AS FOLLOWS:
SECTION 1. It is hereby found, determined and declared that the statements of
fact set forth in the Resolution are true and accurate.
SECTION 2. That the City of Paducah may grant a rebate of 1% payroll tax on
KEDFA program eligible positions, upon remittance of the full amount of the payroll tax due, for
a period of up to five years to help support the location of Shoreline Steel South, LLC.
SECTION 3. The adoption of the Resolution shall not be deemed to and shall not
impose any liability or responsibility, financial or otherwise, upon the City of Paducah, beyond
the 1% payroll tax for a period of up to five years.
SECTION 4. This resolution shall be in full force and effect from and after this
adoption.
ATTEST:
Tammara S. Sanderson, City Clerk
Adopted by the Board of Commissioners, September 22, 2015
Recorded by Tammara S. Sanderson, City Clerk, September 22, 2015
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