Council hears first reading of $10 million bond measure
There were several big-ticket items on the agenda of the Versailles City Council Tuesday night, but none were scheduled for action, and the meeting lasted just 37 minutes. R. Strand (Stan) Kramer, Jr., president of the First Kentucky Securities Corporation, spoke before the first reading of an ordinance allowing the city to issue up to $10 million in bonds for the second phase of its $21 million sewer treatment plant upgrade. "This debt service will be incorporated into the existing debt service and this portion of it will increase annual debt service by about $250,000, and it will extend the debt service . for another 20 years," Kramer said. To pay for the upgrade, which city officials say is necessary to meet federal regulations and increased demand, customers began paying the first of three annual 18 percent rate increases in January. Utilities Manager Mitzi Delius said bidding on the bonds could begin soon after approval by the state Division of Water, which is expected to take between four and six months. "This bond issue is tracking to the estimated $21 million outlay. We won't know until we get the construction bids back and go through that whole process," said water and sewer committee chair Ken Kerkhoff. The project is expected to be completed sometime in 2018. The second reading on the bonds ordinance is expected at the council's July 5 meeting. Backer property and Edgewood Farm City Attorney Bill Moore told the council that the body has officially been given the record compiled by the Versailles-Midway-Woodford County Planning Commission on two zoning amendments: the 2001 Lexington Road project (the old Backer property) and 1450 Lexington Road (Edgewood Farm). The Planning Commission recently gave the go-ahead to change the zoning of the Backer property from agricultural to low density single and multiple family residential for a total of 540 residential lots. It also approved zone changes to 405 acres of the Edgewood Farm property to allow light industry, office space, and high and low density residential development. Moore said council members have 90 days after the Planning Commission's actions to review the documents for possible action at a later meeting. Huntertown Glen Estates The council voted 5 to 0 (council member Gary Jones was absent) to approve an ordinance declaring its intent to annex 4.991 acres at the intersection of Huntertown Road and Tuscan Way. At the council's April 5 meeting, City Attorney Bill Moore said the rest of the subdivision was annexed in 2004, and only recently was it discovered that the nearly five acres had not been included. Much of the land runs through portions of individual lots, according to Mayor Brian Traugott. State road aid The council unanimously voted to enter into a municipal road aid cooperative agreement with the state that will bring $168,664.78 into city coffers in fiscal year 2017, which begins July 1. Cemetery monument The council voted unanimously to accept a low bid of $4,200 from McKinley Monument of Campbellsville for a new monument to replace one accidentally damaged by a city worker last summer. Assistant Public Works Director Paul Simmons said an earlier bidder approved by the council "didn't come through." Sweet Lilu's parking space Council member Carl Ellis said he recently discovered that a parking space behind Sweet Lilu's new Court Street location recently set aside by the council for the shop was actually needed for district and circuit judge parking spaces. The council voted 4 to 1 to dedicate a parking space in front of the shop for loading and unloading for Sweet Lilu's. Council member Ann Miller voted no after confirming that the move would take away a second spot for Court Street parking.