HomeMy WebLinkAbout09/17/07SEPTEMBER 17, 2007
At a Called Meeting of the Board of Commissioners, held on Monday, September 17,
2007, at 2:45 p.m., in the Commission Chambers of Paducah City Hall, Mayor Paxton
presided, and upon call of the roll by the Assistant City Clerk, the following answered to
their names: Commissioners Coleman, Kaler, Smith, Watkins, and Mayor Paxton (5).
MOTION
R & F CALLED MEETING NOTICE
Commissioner Kaler offered motion, seconded by Commissioner Coleman, that the
Notices of Called Meeting for Monday, September 17, 2007, be received and filed.
Adopted on call of the roll, yeas, Commissioners Coleman, Kaler, Smith, Watkins and
Mayor Paxton (5).
ORDINANCE - EMERGENCY
AUTHORIZE FINANCIAL AGREEMENT TO LOAN $600,000 TO GPEDC FOR
SIX MONTHS FOR PURCHASE OF PROPERTY IN RIVERPORT WEST
Commissioner Coleman offered motion, seconded by Commissioner Kaler, that the
Board of Commissioners introduce and adopt an Ordinance entitled, AN ORDINANCE
OF THE CITY OF PADUCAH, KENTUCKY, APPROVING A FINANCING
AGREEMENT AMONG THE CITY OF PADUCAH, KENTUCKY, THE COUNTY OF
MCCRACKEN, KENTUCKY, THE GREATER PADUCAH ECONOMIC
DEVELOPMENT COUNCIL, AND CRISP REALTY CO., WITH RESPECT TO A
PUBLIC PROJECT; AUTHORIZING THE EXECUTION OF VARIOUS
DOCUMENTS RELATED TO SUCH FINANCING AGREEMENT." This ordinance is
summarized as follows: That the Mayor of the City of Paducah, Kentucky (the "City") is
hereby authorized and directed to execute a Financing Agreement ("Agreement") by and
between the City of Paducah, Kentucky (the "City"), the County of McCracken, Kentucky
("County"), and the Greater Paducah Economic Development Council ("GPEDC"). Pursuant
to the Agreement the City and the County are to provide certain financial assistance to the
GPEDC in order for GPEDC to acquire approximately 94 acres of real estate which will
be converted and used in the development and construction of an intermodal industrial
park which will accommodate industry and create jobs within the boundaries of the City
of Paducah and McCracken County, Kentucky. The Agreement evidences the financial
assistance provided which consists of GPEDC borrowing $600,000.00, interest free from
the City and $600,000.00, interest free, from the County for a term of six (6) months,
which indebtedness will be secured with a first mortgage interest against the real estate
being acquired. The Ordinance approves the form of the Agreement presented to the Board
of Commissioners of the City, with such changes therein as shall not be adverse to the City
and may be approved by the Mayor and City Clerk.
Adopted on call of the roll, yeas, Commissioners Coleman, Kaler, Smith, Watkins, and
Mayor Paxton (5). ORD.#2007-9-7328; BK 31; PG
CITY MANAGER REPORT
• Merryman House — Rick Murphy met with representatives of Merryman House
and found a solution for access to their property other than Berger Road. Access
will be constructed from Forest Hills.
• Chamber Washington, D.C. Fly -In — Mr. Zumwalt, Commissioner Watkins, and
Mayor Paxton will leave tomorrow.
• Both Mayor and City Manager out of town through Saturday.
• Personnel Actions — Mr. Zumwalt explained the reason for the City withdrawing
the offer of employment to Don Henry. IRS just recently established a law that
will not allow an employee to retire with a plan in place to return to their same
position with the same employer. The City will have to start the hiring process to
fill the position.
COMMISSIONER COMMENTS
Commissioner Kaler: Asked that the Commission consider creating a parking permit for
contractors working on downtown buildings. Usually there is not a place to park behind
the buildings and the contractors have to park on Broadway to unload tools, equipment,
etc.
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SEPTEMBER 17, 2007
Mayor Paxton: Asked the Commission to consider whether or not to give the Police and
Fire Pension Fund a %2% cost of living increase. The bond the City funded a couple years
ago will allow for the retirees to receive a 2.5% COLA. Including the bond fund, the
City has paid approximately $9 million over the last five years. The retirees did not
receive a COLA last year due to the bond fund not making enough money. The Mayor
asked the Commissioners to think about it and contact him within the next week or so
with their thoughts.
Upon motion the meeting adjourned.
ADOPTED: September -7-5 , 2007
J"4-'WMUz'
Assistant City Clerk