Council okays police station bonding notes
The Versailles City Council Tuesday approved second reading of an ordinance which authorizes the issuance of a series of general obligation bond anticipation notes whose total is not to exceed $4.5 million, funds which will be used on an interim basis to begin building a new police station on the site of the former St. Leo School on the corner of Elm and North Main streets. The notes are being issued in anticipation of the city issuing its own general obligation bonds, the proceeds of which will be used to complete the station. Financing on an interim basis will come from the sale of the anticipation notes to Citizens Commerce Bank to start the ball rolling on construction of the new police station. Mayor's duties The council heard first reading of an ordinance that redefines in many ways the duties of the mayor of Versailles. Tuesday's reading was scheduled to be the second reading; however, due to some rewording in the original ordinance language, City Attorney Bill Moore felt first reading of it should be held again. When passed and becomes law following the next mayoral election, the ordinance sets out the mayor's position as a full-time job and "precludes the mayor from holding any other employment." Exceptions to that would be positions on boards, commissions and authorities, or an unpaid position or appointment to an entity that would "advance the public service and public purposes of the city." When a new mayor is seated in January 2019, compensation for that position would be $66,500 per year and paid on the same schedule as other city employees. Tax rates The council approved second reading of an ordinance setting rates for property taxes. The rate of real property was set 5.6 cents per $100 of assessed value; the personal property rate was set to 9.78 cents; and the rate for motor vehicles and watercraft was set at 12 cents. Water main project The council approved a bid of $998,350 from Cleary Construction of Tompkinsville to complete a project to rehabilitate the raw water intake from the Kentucky River to the city's water treatment plant. The intake was damaged several years ago during severe flooding and its repair has been proceeding in two phases, one of which was stabilizing the hillside adjacent to the intake facility, which is complete. The second phase is rehabilitating the pipe that carries the raw water to the treatment plant.