Owensboro Board of Commissioners
April 16, 2019 5:00 PM
Regular Meeting
1. CALL TO ORDER
Mayor Tom Watson
Rationale

Please silence your cell phone during Commission Meeting.

2. ROLL CALL
City Clerk Beth Cecil
3. INVOCATION & PLEDGE
Commissioner Larry Conder
4. PRESENTATIONS
4.A. Swear in Police Officers
Rationale

  • Chad Gilbert
  • Derek Griffith

4.B. Owensboro Riverport Authority Update
Brian Wright, President/CEO
4.C. TIF Update
Nate Pagan & Angela Hamric
5. BUSINESS
5.A. Consider Approval of Minutes dated April 2, 2019
Attachments
5.B. Consider Board Appointments
Rationale

Shifley-York Neighborhood Alliance – Reappoint Reggie Helm to a two-year term expiring April 24, 2021.

Wesleyan-Shawnee Neighborhood Alliance – Reappoint David Rudd to a two-year term expiring April 24, 2021.

Northwest Neighborhood Alliance – Appoint David Glover, Rafe Buckner, Lindsey Board, Quentin Coleman, Marshall Coleman, Sheila Crowe, Amber Acton, David Curry,  and Justin Kline to a two-year term expiring April 16, 2021.

Senior Community Center of Owensboro-Daviess County Board – Appoint Patti Jenkins to a three-year term expiring December 31, 2021.

6. ORDINANCES - 2nd READING - NONE
7. ORDINANCES - 1st READING
7.A. Consider Ordinance 4-2019 entitled AN ORDINANCE PROVIDING FOR THE DEFEASANCE OF A PORTION OF THE OUTSTANDING ELECTRIC LIGHT AND POWER SYSTEM REVENUE BONDS, TAXABLE 2010-A SERIES, OF THE CITY OF OWENSBORO, KENTUCKY.
Rationale

Owensboro Municipal Utility (OMU) has requested that the City approve defeasing Electric System Revenue Bonds in an aggregate principal amount of not to exceed $3,500,000.  Approximately $3.2 million will be applied to the defeasance of the outstanding Series 2010A Bonds, and with approximately $30,000 to be applied to the payment of costs of defeasance.  However, the actual amount of the Bond defeasance will be determined based on market conditions at the time of defeasance of the Bonds.  

Attachments
7.B. Consider Ordinance 5-2019 entitled AN ORDINANCE AMENDING SECTION 26-82 OF ARTICLE IV OF CHAPTER 26 OF THE OWENSBORO MUNICIPAL CODE, ENTITLED, “ELECTRIC UTILITY”; AND APPROVING AND ADOPTING RATES FOR ELECTRIC SERVICE FURNISHED BY THE CITY UTILITY COMMISSION OF THE CITY OF OWENSBORO, KENTUCKY.
Rationale

The City Utility Commission of the City of Owensboro, Kentucky, by Resolution passed on March 21, 2019, approved, adopted and fixed rates for electric service furnished by the said Commission pursuant to the Statutes of the Commonwealth of Kentucky and the Ordinances of the City of Owensboro, Kentucky. The Mayor and the Commissioners of the City of Owensboro, Kentucky, will consider said rates which are for the payment of interest upon all bonds and to create a sinking fund to pay the principal thereof when due, to provide for the operation and maintenance of the electric utility of the City of Owensboro, and an adequate depreciation account therefore, and to furnish a fair and reasonable return to the municipality on the fair value of the used and useful property of the said electric utility.

Attachments
8. MUNICIPAL ORDERS
8.A. Consider Municipal Order 5-2019 entitled A MUNICIPAL ORDER AUTHORIZING THE MAYOR TO EXECUTE A MEMORANDUM OF AGREEMENT WITH THE OWENSBORO-DAVIESS COUNTY INDUSTRIAL FOUNDATION WHEREBY THE CITY WILL PURCHASE THE FOUNDATION’S INTEREST IN THREE (3) PROPERTIES IN ORDER TO PROVIDE CAPITAL TO THE FOUNDATION FOR USE IN FUTURE ECONOMIC DEVELOPMENT EFFORTS.
Rationale

The Owensboro-Daviess County Industrial Foundation (Foundation) has been instrumental in economic development and job creation in Owensboro-Daviess County for decades. The Foundation is the owner or shared owner of properties in the downtown area of the City of Owensboro located at 700 W. Second Street, 711 W. Third Street, and 614 W. Third Street, that were acquired to facilitate an economic development project. The Foundation operates on a cost-recovery basis, with proceeds from the sale of property for the purpose of economic development used to acquire property for future economic development. In order to provide capital to the Foundation for use in future economic development efforts, the City intends to purchase the Foundation’s interest in the three (3) referenced properties. Daviess County Fiscal Court will retain an ownership interest in 711 W. Third Street.

Attachments
8.B. Consider Municipal Order 6-2019 entitled A MUNICIPAL ORDER AUTHORIZING AND DIRECTING THE MAYOR TO NEGOTIATE AND EXECUTE A REAL ESTATE PURCHASE AND SALE AGREEMENT FOR THE ACQUISITION OF PROPERTY AT 710 W. SECOND STREET; AND FURTHER AUTHORIZING THE MAYOR TO EXECUTE A DEED TRANSFERING A ONE-THIRD (1/3) INTEREST IN THE PROPERTY, IN ACCORDANCE WITH KRS 82.083(4), TO THE DAVIESS COUNTY FISCAL COURT.
Rationale

In order to further promote downtown improvements, the City seeks authorization to purchase property located at 710 W. Second Street. One-third (1/3) interest in the property will be sold to Daviess County Fiscal Court.

Attachments
8.C. Consider Municipal Order 7-2019 entitled A MUNICIPAL ORDER AUTHORIZING THE MAYOR TO SIGN A MEMORANDUM OF AGREEMENT BETWEEN THE CITY OF OWENSBORO AND RIVERFRONT BRIO, LLC PROVIDING A $4,600,000.00 FINANCIAL INCENTIVE FOR THE CONSTRUCTION AND OPENING OF A NEW DOWNTOWN HOTEL, A RESIDENTIAL DEVELOPMENT AND PARKING INFRASTRUCTURE CONTAINING NOT LESS THAN 400 PARKING SPACES; AND FURTHER PROVIDING THAT THE CITY SHALL BE ENTITLED TO REIMBURSEMENT OF THE FINANCIAL INCENTIVE VIA ALL TAX INCREMENT FINANCING (TIF) REVENUE THAT RIVERFRONT BRIO, LLC WOULD OTHERWISE BE ENTITLED TO RECOUP FOR ITS COSTS.
Rationale

The City seeks approval to enter into an incentive agreement with Riverfront Brio, LLC to further the construction and opening of a downtown hotel, a residential development and not less than 400 space parking infrastructure to support the Owensboro Convention Center and other downtown economic development. The incentives will be reimbursed to the City via all Tax Increment Financing revenues that Riverfront Brio, LLC would have otherwise been entitled to recoup for its public infrastructure costs incurred on the property.

Attachments
9. CITY MANAGER ITEMS
9.A. Consider the Financial Report for the period ending February 28, 2019.
Attachments
9.B. Consider Personnel Appointments
Rationale

REGULAR STATUS:

  • Ethan Board – Regular, full-time, non-civil service appointment to Firefighter with the Fire Department, effective April 16, 2019
  • Jonathan Mattingly – Regular, full-time, non-civil service appointment to Fire Lieutenant with the Fire Department, effective April 16, 2019
  • Austin Esther – Regular, full-time, non-civil service appointment to Police Officer with the Police Department, effective April 16, 2019
  • Rachel Adkins – Regular, full-time, non-civil service appointment to Public Works Laborer/Maintenance Helper with the Public Works Grounds Department, effective April 16, 2019
  • Kalyn Fox – Regular, full-time, non-civil service appointment to Purchasing Agent with the Finance Department, effective April 23, 2019
  • Angel Szefi – Regular, full-time, non-civil service appointment to Lead Telecommunicator with the Police Department, effective April 29, 2019

9.C. City Manager Comments
10. COMMUNICATIONS FROM ELECTED OFFICIALS
11. OPEN PUBLIC FORUM
Rationale

Members of the audience are invited to address the City Commission on any matter of public concern that was not on tonight’s agenda.  Comments are limited to issues within the scope and responsibility of this Commission.  Commission meetings are held to conduct city business for the benefit of Owensboro citizens and taxpayers. 

At this time, anyone who wishes to address the City Commission please make their way to the podium to be recognized.  Speakers must state their name and address for the Clerk’s record, and limit their remarks to three (3) minutes or less.  Since the item is not on the agenda, no response is required from City staff or the Commission.  The Mayor reserves the right to extend time to the speaker.

12. ADJOURNMENT