Council approves $10 million in sewer bonds
The Versailles City Council voted 5 to 0 to approve 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. (Council member Gary Jones was absent.) City officials say the upgrade is necessary to meet federal regulations and increased demand, and in January, customers began paying the first of three annual 18 percent rate increases. The project is expected to be complete sometime in 2018. R. Strand (Stan) Kramer Jr., president of the First Kentucky Securities Corporation, said the original ordinance written in 1960 gave bondholders the same set of rights. ". so that you won't get into the issue of an older bondholder stepping up, if you change the terms of what you write, and say, 'You can't give anybody priority that has a different set of rights from what I have.' So everybody's on equal footing and so it can be a senior pledge of revenue and you don't start worrying about subordinate debt and issues like that that would cut your credit rating and cost you more in interest," Kramer said. Versailles Center The council unanimously approved a request by CMW Engineers to post a certificate of deposit for $350,750 to cover 115 percent of the projected cost of clean-up projects at the Versailles Center. "We have looked at these numbers - specifically, Mitzi (utilities manager Mitzi Delius) has reviewed these, and we are comfortable with (that figure)," Public Works Director Bart Miller said. A Holiday Inn Express and Suites is expected to open on the site sometime in 2017. Developers say it will be four stories tall, have 81 rooms, an indoor swimming pool, an exercise room and a small conference room. Wooldridge Garden water line The council unanimously approved two low bids to pay for work requested by LK Real Estate to move a water line on High Street leading to Wooldridge Garden subdivision. The low bids were $8,500 from Wade Poore Excavating for labor and $10,727.01 from CI Thornburg Co. for materials. Miller said LK Real Estate will reimburse the city for the work. "When he (developer Lindsey Mosely) brought the property, the water line was already there, but there was not an easement on that, so we've been working with him. He was the second or third person to have the property - it had gone through a couple of bankruptcies and an easement had never been put in," Miller said. According to the document with the labor quotes, "The existing 12-inch water main will be abandoned and connected to the parallel 24-inch water main in order for homes to be built in the . subdivision and not have the water line under any homes." Body armor Versailles Police Chief James Fugate's request for permission to enter into an agreement with the state Office of Homeland Security to purchase 10 sets of body armor was unanimously approved. The city will pay $9,960 and the state will pick up the remainder of the $16,610 cost for the new vests. Fugate told the council that the armor will replace vests that reached their five-year expiration date in February. Notification system Woodford Emergency Management Director Drew Chandler gave the council an update on AlertSense, the emergency notification system that will replace the Everbridge program. Everbridge relied on people to sign up for the program, and council member Ken Kerkhoff said that fewer than 10 percent of Woodford Countians ever did. Chandler said the technology behind AlertSense makes it more versatile and valuable. "When we send that message for a chemical release, not only will it text-message everybody within that radius, but it will set off the weather alert radios and tell that there's a hazmat (hazardous materials) incident. So the system is just overall getting much more robust ." Chandler said. The contract with Everbridge expires the first week of August. Chandler told The Sun that they'll begin transitioning to AlertSense late this week. Retirement Longtime cemetery director Jerry Brown received kudos from members of the council and others and a standing ovation to mark his retirement after 34 years of work for the city. "I consider you a friend and we are forever indebted to you for your service, and we wish you the best in your retirement," Traugott said. Brown will be replaced by Paul Reece, a city employee of 21 years. Executive session The council spent 58 minutes in executive session to discuss a possible property purchase, but took no action afterwards.