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A
Then
we
have
the
use
of
599
thousand
dollars,
599
414
dollars
to
make
a
grant
to
the
Rowan
County
Fiscal
Court
on
behalf
of
Moorhead
Rowan
County
Economic,
Development,
Council
and
they're,
going
to
purchase
238
Acres
located
on
the
Rodney
hitch
Boulevard
there
in
Moorhead
for
future
industrial
use.
That
total
project
is
estimated
at
2.3
million
dollars
and
The
Economic
Development
Council
is
going
to
be
providing
the
matching
funds
for
that
project.
A
Then
we
have
the
use
of
437
274
dollars
to
make
a
grant
to
the
Russell
County
Fiscal
Corp
on
behalf
of
Russell
County
Industrial,
Development,
Authority
and
they're,
going
to
extend
a
road
through
the
Lake
Cumberland
regional
industrial
park.
That
project
cost
is
estimated
974
500
and
the
industrial
Authority
is
going
to
be
providing
the
matching
funds
under
that
project,
and
the
last
one
today
is
requesting
252
500
for
a
grant
to
Simpson
County
Fiscal
Court
on
behalf
of
the
Franklin
Simpson
industrial
Authority.
A
This
project
is
going
to
build
a
50
000
square
foot,
build
ready
pad
to
attract
new
businesses
to
its
Community.
Total
project
is
estimated
at
five
hundred
and
five
thousand
dollars,
and
the
industrial
Authority
is
going
to
provide
the
matching
funds
under
that
project.
All
eight
projects
were
recommended
by
secretary
null
and
concurred
by
secretary
Johnson,
as
required
by
Statute,
and
they
received
approval
by
the
state
property
and
buildings
commission
at
its
meeting
yesterday.
So
we
respectfully
request
approval
of
all
eight
projects.
B
I've
been
here
eight
years
and
I
have
learning
too.
We
have
any
questions,
we've
got
representative
Petrie
and
then
we'll
go
with
Senator
bunker
from
our
afterwards.
C
Very
good,
first
off
so
am
I.
This
is
more
for
public
consumption
than
anything
else.
C
That
was
given
statutory
flesh
and
direction
for
independent
analysis
on
business
proposals
and
projects
for
which
there
was
a
hundred
million
dollars
put
in
by
appropriation
for
the
general
assembly
into
that
statutory
schema
for
the
purpose
of
across
the
Commonwealth
entertaining
ideas
that
people
may
have
about
build
ready
sites
and
infrastructure
and
all
kinds
of
things,
proposals
that
may
lead
to
real
world
probability
as
assessed
by
an
independent
agent
about
Economic
Development
projects
across
the
Commonwealth.
Is
that
what
we're
talking
about.
A
After
we're
going
through
still
the
due
diligence
of
54
four
projects
so
for
round
two
we've
been
marketing
that
we
have
66
million
dollars
available.
Letters
of
intent
were
due
to
the
Kentucky
Association
for
economic
development
by
April,
28th
I
believe
was
the
date
and
round
two
applications
are
due
June
23rd.
So
please
speak
with
your
Economic
Development
representatives
for
your
communities,
your
county
judges,
because,
even
if
you
didn't
submit
a
letter
of
intent,
you
can
still
submit
an
application
and.
A
A
C
Very
good
in
the
particular
projects
that
you've
denoted
today
you
mentioned
match
by
beneficiary,
which
may
be
County,
may
be
an
economic
development,
Authority
and
so
forth,
and
so
on.
Are
you
seeing
a
particular
Trend
in
these
projects
under
PDI,
where
that
is
bonded
matches
cash
matches
combination
matches?
Where
is
the
money
coming
from.
A
Just
I
believe
it's
kind
of
a
combination.
I
mean
you've
got
like
you,
you
saw
one
was
a
bank
loan
financing
in
here,
but
a
lot
of
it
is
organizations
are
doing
cash
matches
and
whether
it's
your
community,
whether
it's
your
Fiscal
Court
your
city,
it
could
be
companies
that
do
it.
It
could
be
federal
grants
that
the
project
may
have
received
assistance
for.
C
Very
good
one
last
item
of
my
and
I
own,
this
PDI
program.
It
could
be
an
economic
Authority,
it
could
be
a
county,
it
could
be
a
city,
it
could
be
somebody
else
and
I
believe
if
I'm
not
badly
mistaken.
We
have
these
things
called
development
districts,
area
development
districts
ads
that
cover
the
entire
Commonwealth
that
can
assist
with
people
who
may
have
questions
about
make
an
application
and
get
them
in
contact
with
you
to
pursue
these
business
probabilities
for
Economic,
Development
Across.
The
state
is
that
right,
you.
C
A
If
you
complete
the
application,
well,
we
call
it
it's
more
of
a
request
for
information
is
what
is
out
there
right
now.
That's
due
June
28th,
and
if
your
community
completes
that
it's
a
lot
of
information
that
is
requested
from
companies
when
they're
looking
to
look
at
potential
sites
for
our
site,
location
for
a
new
location
or
Expansion
Project.
A
So
it
once
you
compile
all
that
information,
you
have
it
already
there
ready
and
available
so
that,
if
you
do
have
an
interest
in
your
community
or
site,
it's
not
going
to
take
you
that
much
time
to
pull
it
together
because
you
already
have
it
compiled.
So
that
is
another
benefit
of
completing
the
RFI.
For.
C
This
program
very
good
and
if
I'm
not
badly
mistaken,
you
have
actual
information
on
your
website
at
CED.
You
even
have
video
webinars,
that's
been
done
before
and
maybe
recorded
versions
linked
on
there.
So
you've
got
ads
all
across
the
Commonwealth.
You've
got
a
website,
CED
everybody
can
get
to
and
can
always
contact
you
or
new
Personnel.
That's
been.
A
A
B
E
Want
to
I
wanted
in
by
thanking
Katie.
For
being
so
quick
and
responsive
I
had
an
opportunity
to
visit
our
Bracken
County
Fiscal
Court
for
some
great
work
that
they've
accomplished
with
the
medical
facility
and
Katie.
You
were
so
responsive
and
and
I'm
hopeful
for
their
connection
with
our
Fiscal
Court
judge.
F
E
In
grading
the
projects,
the
eight
that
you
shared
with
us,
it
seems
that
there's
a
lot
of
Hope
tied
to
them,
but
is
the
sort
of
Business
Development
pipeline
considered?
Is
that
how
some
projects
might
be
selected
over
others,
whether
they
do
have
prospects
considering
coming
into
the
parks
or.
A
So
they
look
at
and
scoring
it
there's
three
different
aspects
and
I
know:
there's
a
relative
impact,
there's
a
a
community
impact
and
then,
when
am
I
missing
the
third
one
the
community
I
know
is
looking
at
Workforce
and
and
all
of
this
information
is
available
on
our
kpedia.ky.gov
website.
So
and
I
can
get
you
that
information,
because
I
can't,
let
me
see
I,
might
have
a.
E
When
I
was
looking
at
the
the
eight
projects
that
you
had
shared
with
us
for
the
development
grants,
I
didn't
see
much
about
how
they
were
scored
or
whether
there
was
some
prospective
uses
already
determined.
For
some
of
these.
A
It's
looking
at
the
projected
gross
economic
impact
of
a
proposed
project
on
that
community
and
the
projected
number
of
jobs
that
could
potentially
be
created
by
proposed
project
and
potentially
the
subsequent
impact
on
that
community
and
then
determination
of
the
cost
of
the
job
based
on
the
cost
that
would
be
expended
if
this
award
is
provided.
So
that's
all
taken
in
consideration
for
the
return
on
investment,
then
they're,
looking
at
a
relative
positive
impact
as
well
as
Workforce
characteristics
and
data
for
the
community,
is
all
playing
into
factors.
E
B
Any
more
questions
all
right,
Let's
entertain
our
promotion
to
I'll.
B
E
C
B
A
B
Right,
you
may
proceed.
Oh
we're,
gonna
roll
anything
here.
Yes,
let's
get
a
motion
to
roll
these,
so
all
right
we've
got
to
represent
Petrie
motion.
Second
on
brother
Thomas.
I
have
to
think
every
time.
I
say
that
no
objections,
it's
approved,
go
ahead.
Ryan.
G
We
have
two
items:
the
Kentucky
housing
conduit
transactions
just
globally
on
both
transactions
to
establish
kind
of
the
important
components,
there's
no
extension
of
credit,
the
Commonwealth
or
the
housing
Corporation
they
do
receive
from
our
office.
Private
activity
allocation
allows
them
to
issue
tax
exempt
financing.
The
first
is
Beecher
Terrace.
G
It
is
located
at
900,
West,
Liberty
Street,
and
it's
a
210
unit
complex.
The
anticipated
net
proceeds
is
a
transaction
just
over
39
million,
with
the
total
project
cost
exceeding
100
million.
There's
developer
in
the
information
about
the
financing
in
the
packet.
It
is
developers
responsibility
to
service
the
debt.
The
second
transaction
is,
is
the
prestonian.
It
is
a
343
unit
located
as
well
in
Jefferson
County.
G
Both
had
public
hearings
conducted
I
forgot
to
mention
that
the
the
the
prestonian
is
a
55
million
dollar
net
proceeds
transaction
with
that
total
project
cost
exceeding
126
on
an
estimated
basis,
a
million
100
million
there's
as
well.
There's
developer
and
financing
information
in
the
packet
for
your
reference.
B
All
right
any
questions,
oh
no
questions
right
can
I
get
a
motion
to
I,
got
a
motion.
I'm
Senator
Webb.
B
Center
for
Omar
Madam
Secretary,
please
call
Laurel.
C
B
All
right
Ryan,
you
just
stay
right
there
and
start
on
the
other,
but
we're
gonna
can
I
get
a
motion
to
roll
these
together
got
a
motion
got
a
second
representative
Petrie.
No
one
objects
motion
approved,
go
ahead,
Ryan.
G
So,
as
we've
talked
about
in
Prior
meetings,
we
have
seen
Muni
rates
come
down
since
the
first
of
the
year.
However,
there
is
still
some
volatility,
so
we
don't
have
any
refundings
to
present
this
month,
but
we
do
have
four
new
money
transactions.
G
None
require
a
tax
increase.
The
sfcc
component
is
a
smaller
portion,
just
above
six
percent,
with
the
vast
majority
of
Debt
Service
being
supported
by
local
tax
revenues
about
93
94,
with
an
estimated
par
of
143.5
million
dollars.
Happy
to
take
any
questions.
B
Nope
can
I
get
a
motion
for
the
to
be
approved,
so
moved
got
representative
Petrie
who's,
a
motion
and
brother
Thomas
was
second
all
right
and
Madam
Secretary.
Please
call
the
role.
C
B
Before
we
adjourn
Ryan,
thank
you
yes,
sir.
Yes
past
former
adjourned
registered
Patricia
he's
got
a
couple
of
remarks
on
the
first
item
in
the
in.
C
The
go
ahead,
thank
you.
Mr
chairman,
simply
commenting
not
on
a
particular
project
or
anything
I
just
want
to
make
note
of
this.
At
least
I'm
and
others
are
taking
accounting
of
this
as
best
we
can
and
watching
school
funding
come
through
Educational
Funding,
coming
through,
especially
at
the
K-12
level,
understand
that
when
there
is
a
major
Bond
project
that
goes
out
as
we
have
by
information
in
this
particular
agenda
for
multiple
athletic
complexes
and
upgrades
to
Athletics
and
so
forth,
and
so
on,
whether
that
be
mainly
local
money
or
state
component.
C
Whatever
percentages
that
reduces
the
amount
of
money
that's
available
for
other
things,
such
as
labor
and
and
necessary
educational
space
and
an
educational
system
for
the
sole
purpose
of
educating
people
in
Kentucky,
I'm.
Taking
note
of
that
and
others
are
doing
the
same
thing
of
watching
how
much
money
we're
spending
on
whether
local
or
state
or
otherwise,
toward
things
that
are
not
directly
related
to
education
and
educating
children
just
want
to
make
that
note
for
public
record.
Thank
you.
D
Got
Robin?
No,
it's
not
a
horn
I'm
kidding,
no
Mr,
chairman
and
I
agree
with
the
chairman
in
part,
but
I
also
know
that
studies
showing
as
a
Title
IX
athlete
myself
that,
particularly
in
women,
organized
sports
that
many
life
lessons
and
and
most
of
the
leadership
roles
in
corporations
in
government
and
all
that
were
people
that
played
organized
Sports,
so
I
think
there
is
value
there.
I
think,
there's
a
certainly
a
balance
to
be
struck.
We're
grappling
with
that
right
now
as
we're
doing
a
proposal.
D
School
School
proposals
and
and
I
agree
in
part,
but
I
think
we
need
to
I
would
be
remiss
on
behalf
of
the
women
athletes
out
there,
particularly
that
to
minimize
their
Rural
and
organized
Sports
in
the
facilities
and
the
opportunities
that
that
brings.
So.
Thank
you.
C
And
we
are
not
in
disagreement
at
all,
and
it's
well
stated:
I
just
want
to
make
sure
we're
all
clear.
There
is
no
diminishment
of
role.
There
is
no
extrication
of
that
function
from
public
education,
a
termination
of
extrication-
that's
not
it,
but
it's
exactly
what
you
stated.
C
We're
always
looking
for
that
proper
balance
and
that's
why
we're
taking
a
close
accounting
of
what's
going
on
to
make
sure
that
everyone
understands
at
the
school
board
level
at
the
state
level
and
every
other
level
we
have
to
be
attuned
to
what
that
balance
is,
and
it
changes
from
moment
to
moment
year
to
year,
error
to
era
and
right
now,
I
am
looking
at
that
balance
and
I
think
others
are
also
very
much
in
agreement.
Thank
you.
Thank.
B
You
all
representative
Petrie
is
going
to
get
Jenny.
Can
we
get
her
because
she's
worked
through
launch
air
and
spring?
Can
we
get
them
a
double
time
anyway?
The
next
meeting
is
room
131
at
3
P.M,
brother
Thomas,.
B
Oh
all
right,
I
knew
there
was
some
reason.
All
right.
Three
o'clock
is
fine.
Also
it's
going
to
be
chaired
by
my
co-chair
partner
here
and
so
be
here
on
time.
C
B
Can
I
get
a
motion
to
adjourn
all
right
we're
adjourned?
Thank
y'all.