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From YouTube: Capital Projects and Bond Oversight Committee (3-15-22)
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A
All
right,
thank
you,
catherine.
I
believe
scott
aubry
is
with
us
today.
He's
the
director
of
the
division
of
real
properties
and
scott
is
here
remotely
to
present
agenda
item
number
five,
which
is
three
lease
transactions
requiring
action
and
one
requiring
no
action,
and
we
need
to
go
ahead
and
roll
those
into
one
okay.
We
can
go
ahead
and
roll
those
make
a
motion
to
roll
those
votes,
the
new
lease
lease
renewal
and
lease
modification
into
one
vote.
A
A
E
You,
mr
chair,
the
first
item
I
have
to
report
is
a
lease
with
transportation
cabinet
in
jefferson
county.
The
agency
submitted
a
request
to
house
a
real
id
office
in
jefferson
county.
Therefore,
in
accordance
with
krs
56805
section,
two,
a
new
lease
was
entered
in
is
being
entered
into
for
seven
thousand
five
hundred
ninety
four
square
feet
at
a
cost
of
fifteen
dollars
per
square
foot,
including
utilities
and
janitorial
services.
E
The
second
item
I
have
is
a
new
lease
for
the
department
of
revenue
in
boone
county.
The
current
owner
requested
a
rental
rate
increase.
Therefore,
real
properties
completed
a
competitive
bid
project
for
the
new
space.
As
a
result,
we
received
one
best
and
final
proposal.
Therefore,
a
new
lease
is
being
procured
in
accordance
with
krs
56803
releases
for
7081
square
feet
at
a
cost
of
19.18
per
square
foot,
including
utilities
and
janitorial
services.
E
The
total
annual
cost
for
this
lease
is
135
thirteen
dollars
and
fifty
eight
cents.
This
lease
will
expire
june,
thirtieth
of
twenty
thirty.
The
third
item
is
a
lease
modification
for
the
transportation
cabinet:
bull
county.
This
lace
is
being
modified
to
fit
up
the
space
to
accommodate
a
real
id
office.
Two
estimates
were
obtained
for
the
work
in
the
amounts
of
seventy
nine
thousand
six
hundred
dollars
from
mowgli's
and
ninety
five
thousand
five
hundred
twenty
dollars
from
mcanally
commercial
properties.
E
A
And
we
won't
be
able
to
vote
on
this
so
we'll
just
proceed
on
all
right.
Mr
aubry,
I
believe
you've
got
one
more
with
bluegrass
station
lease
modification.
Yes,
sir,.
E
Mr
chair,
the
last
item
I
have
is
the
lease
modification
for
the
department
of
military
affairs
bluegrass
station
division
of
fayette
county.
This
lease
is
being
modified
to
construct
a
new
facility
adjacent
to
connected
and
connected
to
building
344
bluegrass
station.
This
is
being
done
at
the
request
of
the
federal
government.
Building.
344
was
originally
constructed
through
a
built
suit
project.
Therefore,
the
lease
modification
is
being
reported
under
krs
56,
820,
section
4..
The
lease
is
being
modified
to
allow
for
the
construction
of
a
two-story,
65
327
square
foot,
building
for
secured
storage.
A
All
right
any
questions
for
mr
aubry
all
right,
seeing
none.
We
we're
not
able
to
vote
on
this
at
the
moment,
but
we'll
we'll
get
this
approved
and
get
it
moving
on
for
you.
Thank
you
so
much.
Thank
you
all
right.
Sandy
williams
is
here
with
us
remotely
as
well
with
the
with
kia
and
she's
got
agenda
item
6a.
It's
two
drinking
water
loans,
103,
cleaner
water
program,
grants
and
two
transactions
combining
the
two,
and
that
does
require
action,
but
we
we
won't
be
voting
on
this
at
the
moment.
C
C
C
This
also
will
be
a
30-year
loan
with
a
0.25
interest
rate
and
the
loan
was
approved
at
the
march
3rd
kia
board
meeting
and
for
the
city
of
monticello,
who
is
seeking
a
fund
death
loan
in
the
amount
of
2
million
three
hundred
forty
thousand
two
hundred
fifty
dollars
and
a
cleaner
water
program
grant
in
the
amount
of
seven
hundred
forty
six
thousand
seven
hundred
fifty
dollars
for
their
new
powers.
Burg,
booster
pump
station
ray
hill
booster
pump
station
and
storage
tank
replacement
and
miscellaneous
water
line
improvement
project.
C
This
will
be
a
30-year
loan
with
a
0.25
interest
rate
and,
excuse
me,
this
loan
was
approved
at
the
kaa
march
3rd
board
meeting
and
the
final
loan
for
the
committee's
consideration
is
from
knox
county
utility
commission.
This
is
a
fun
death
loan
in
the
amount
of
2
million
three
hundred
thirty
six
thousand
eight
hundred
thirty
two
dollars
and
a
cleaner
water
program
grant
in
the
amount
of
one
million
one
hundred
forty
three
thousand
eight
hundred
thirty
two
dollars
for
the
barberville
connection,
kentucky
225
project.
C
This
project
will
lay
about
15,
000,
linear
feet
of
8
inch,
water
main
and
add
a
booster
pump
station.
This
will
be
a
20
year
loan
with
a
0.25
percent
interest
rate
and
was
approved
at
the
february
9th
ka
board
meeting.
C
C
There's
one
project
coming
out
of
the
of
the
bucket
for
consent
decree,
so
50
million
was
allocated
for
unserved
drinking
water
projects
or
consent
decree
projects,
and-
and
so
today
we
have
one
out
of
the
consent
decree
bucket
and
the
remaining
are
out
of
the
county
allocation
and
co-chair
franklin.
I
would
like
to
just
mention
one
of
the
projects
is
in
your
district
for
paducah
mccracken
right
so.
A
Okay,
great,
that's
wonderful!
All
right!
We
can't
approve
this
at
the
moment.
I
don't
think
we're
still
short
on
one.
F
A
And
senator
howe
joining
us
today,
so
thank
you.
You
had
to
present
a
bill
in
education,
yes,
sharon!
Thank
you!
Sorry
about
being
late!
Oh
no!
That's
that's
perfectly
fine!
All
right!
Well!
Thank
you!
So
much
miss
williams
and
we
will
get
that
approved
for
you,
and
so
you
can
proceed.
Thank
you.
Katie
smith
from
the
cabinet
of
economic
development
is
here
remotely
as
well,
and
she
has
agenda
item
number
6b.
An
economic
development
fund
grant
requiring
action
and
deputy
secretary
smith.
Are
you
with
us.
G
B
G
B
G
All
right,
thank
you
good
morning,
I'm
katie
smith,
I'm
the
deputy
secretary
commissioner,
here
at
the
cabinet
for
economic
development
and
today
we're
requesting
for
the
use
approval
of
a
hundred
thousand
dollars
to
be
used
as
an
economic
development
fund
to
make
a
grant
to
the
city
of
elizabethtown
for
the
benefit
of
kruger
packaging.
Usa,
llc
cougar
packaging
is
a
subsidiary
of
kruger
incorporated
and
they
will
establish
the
their
first
corrugated
box
plant
in
the
united
states
and
the
plant
will
serve
future
and
existing
customers
located
across
the
midwest
and
southern
united
states.
G
Under
the
terms
of
the
grant
agreement,
disbursement
of
the
funds
will
occur
after
each
annual
compliance
reporting
has
occurred
and
the
amount
of
disbursements
will
be
based
on
the
performance
requirements
that
are
achieved.
If
they
fail
to
achieve
the
job
or
wage
targets,
then
the
amount
of
the
disbursement
will
be
reduced
at
each
of
the
compliance
measurement
dates.
H
Senator
yes
ma'am
on
this
background
it
shows
the
average
rate
required
of
being
32.50
an
hour
and
then
below
that
at
the
bottom
of
this
of
the
page
that
we
were
provided.
It
talks
about
an
hourly
wage
of
45
dollars
an
hour
or
is
there
any
sort
of
accelerator
in
this
for
wages
or
where
does
that?
Where
does
that
45
an
hour
come
from,
and
I
apologize
if
I
am
new
to
this
and
don't
know
what's
going
on,
but
I
just
wanted
to
kind
of
work
through
that.
H
That's
one
of
the
problems
when
we're
not
in
the
same
spot,
so
we
can't
look
at
the
same
things
together
when
people
appear
remotely
instead
of
in
person,
but
the
the
document
that
I'm
looking
at
has
a
grid
at
the
bottom
of
page,
one
that
has
your
target
dates
of
25,
26,
27,
28
and
29
on
job
creation
and
at
the
bottom
of
the
the
last
line
of
this
page.
It
has
45
dollars
an
hour
on
it.
G
Does
it
also,
I
don't
think,
that's.
H
A
F
Yes,
sir,
thank
you
very
much
shortlist
for
consideration.
Today.
First
is
the
kentucky
economic
development
finance
authority.
This
is
a
conduit,
there's,
no
extension
of
state
credit
or
the
authority
credit.
It
is
the
responsibility
of
baptist
health
care,
and
the
conduit
again
is
is
kefla
they're,
going
to
take
out
variable
rate
demand
notes
that
they
have
outstanding
with
the
estimated
sale
date
of
march
31st,
closing
the
first
of
april
with
the
final
maturity
august
15
2038.
There
is
information
about
the
financing
team
and
fees
in
the
packet.
F
F
Jefferson,
county
with
31.8
estimated
there's
no
tax
increase
necessary
to
service
the
debt
and
taylor
county
as
well
with
estimated
sfcc
portion,
210
000
local
about
4.7
with
estimated
part
in
total
of
4.9.