The Paducah Board of Commissioners introduced an ordinance to approve an interlocal agreement with McCracken County authorizing the issuance of a $3 million financing lease. These funds will be used to repay the City of Paducah approximately $1.4 for the costs associated with the relocation of the dome facility and a related storage building. The remaining approximately $1.6 million will fund capital needs for the Julian Carroll Convention Center outlined by the Paducah-McCracken County Convention Center Corporation. The City will borrow the funds from Community Financial Services Bank (CFSB) over a 15-year term with the County dedicating a portion of the transient room tax to pay the loan obligation. Finance Director Jonathan Perkins says, “The really good news is that neither the County nor the City will be paying for this loan. It will be paid by the people who are staying in our hotels.” Financial Analyst Mark Rawlings with Hilliard Lyons says the City was able to receive a very good interest rate for this loan rather than going through the bond process which is how the City would typically fund debt. Rawlings says, “Since the election, interest rates in the bond market have basically skyrocketed. They have gone in just two to three weeks up about a whole percent. Whereas a month ago you could have borrowed for 2 percent, now they are 3 percent. That’s a big deal.” The City was able to lock in a 1.98 percent rate through CFSB for this loan. The anticipated loan closing date is January 24, 2017.
The Paducah Board of Commissioners introduced an ordinance to accept the $400,000 grant from the Delta Regional Authority (DRA) Community Infrastructure Fund to be used on the Floodwall Pump Station #2 rehabilitation project. This is the first year for DRA to offer this competitive grant. City staff spent several months developing a thorough project for the grant application. City Manager Jeff Pederson says, “It’s a real shining moment for the City to get an award like this in an extremely competitive environment.” Rehabilitating Floodwall Pump Station #2 includes the replacement of discharge pipes and the sluice gate and the rehabilitation of various mechanical/electrical components of all seven pumps and motors not previously repaired. This pump station is the first one to be activated when the local river stage reaches 27.5 feet. Plus, it has the greatest pumping capacity of 313,000 gallons per minute.
The Paducah Board of Commissioners introduced an ordinance to designate the official street name of the newly constructed five-lane roadway associated with the Olivet Church Road Improvement Project. The five-lane roadway will be called New Holt Road from Hinkleville Road to the intersection of Olivet Church Road. This change will affect the addresses of the businesses directly adjacent to the new roadway including Pier One, Sears, and the Kentucky Oaks Mall Pavilion which includes David’s Bridal, Old Navy, Shoe Carnival, and Ulta. The ribbon cutting for this project was held November 3. The project has involved the widening of Olivet Church Road (KY 998) to three lanes with improved drainage, curbs, gutters, and sidewalks in addition to the construction of a new stretch of five-lane roadway (to be known as New Holt Road) that links the Kentucky Oaks Mall area at U.S. 60 to an existing section of Olivet Church Road.
The Paducah Board of Commissioners introduced an ordinance to amend Code of Ordinances Chapter 2-591 to specify which positions have the authority of citation officer. This amendment replaces the position Fire Safety Inspector with Deputy Fire Marshal, removes the position of Safety Officer, and adds the Storm Water & Drainage Engineer.
Earlier this year the Kentucky General Assembly passed HB 422 leading to the need for many Kentucky cities to update their code of ordinances relating to code enforcement, lien priority for governments, and a notification system to lienholders and others. The Paducah Board of Commissioners introduced an ordinance to repeal and replace Chapter 42 (Environment) Sections 1 through 100 of the Paducah Code of Ordinances
The Paducah Board of Commissioners approved an ordinance amending the termination date for the non-exclusive franchise agreement between the City of Paducah and Comcast Cable. This ordinance would extend the franchise agreement, which expired earlier this month, through April 11, 2017. The City has entered into negotiations with Comcast for a new franchise agreement.
Assistant to the City Manager Michelle Smolen, the project manager for the Enterprise Resource Planning software project, provided the Board of Commissioners with an update. The project that is now called The Munis Project to reflect the name of the software officially kicked off July 28 with the City departments and the vendor, Tyler Technologies. This is a multi-year phased software transition project. Smolen says the project vision is to implement an integrated software solution to support city staff in the delivery of services and activities, take advantage of best practices, and significantly improve the efficiency and effectiveness of customer service and business processes. Smolen says the first phase is underway which involves staff teams working to improve purchasing, budget, and other financial business processes in addition to preparing the financial information for conversion to the new software. Smolen says the first phase is the most challenging since it is the backbone of the system. The entire six-phased implementation process will take until early 2020. The City’s current software system has been running since 1995.
To recognize years of service with the City, City Manager Jeff Pederson is providing service pins and appreciation certificates to the following employees.
Mayor Gayle Kaler presented awards for the Mayor’s Student Christmas Ornament Contest. Aiden Chino received the first place award for the K-3rd grade category. Emmy Seaton received the first place award with Ella Crider receiving the second place award for the 4th-8th grade category. Eric Gericke received the first place award for the 9th-12th grade category.