By John L. Ross / Staff Writer
Whitley County plans to save some cash.
The decision was reached Tuesday during the regular December meeting of the Whitley County Fiscal Court.
Currently, the largest debt load held by the county is the new jail and the old post office. Judge Executive Pat White, Jr. said with interest rates so low, it could save the county as much as $1.7 million over the life of the loans if they refinance these debts now.
Representatives from two companies made presentations during the meeting: Dwight Salsbury, with Ross, Sinclaire and Associates, based in Cincinnati with offices in Kentucky, and Michael George and Lonnie Campbell, with Civic Finance Advisors, based in Lexington.
The representatives outlined refinancing possibilities for the Fiscal Court, leaving the final decision in the hands of county magistrates.
One requirement needed was an ordinance outlining the court’s plans. Salsbury said he was not prepared with an ordinance.
County Treasurer Jeffrey Gray voiced his approval of the refinance. “I recommend to the court to definitely refinance,” he said. “(We need to) try to improve as much cash flow as we possibly can.”
Second District Magistrate David Myers said members of the finance committee were all behind refinancing, but was not as concerned of cash flow. “I know cash flow is a problem,” he said. “But it’s always a problem.
“We represent the taxpayers,” Myers continued. “(We have) the opportunity to show them we are genuine about saving them money.”
The cash flow problem, according to Gray, stemmed from elections not budgeted, which occurred during the current fiscal year. He explained that each election costs the county approximately $50,000 and that only $10,000 gets reimbursed from the state government.
“The cash flow problem is more dire than you understand,” White said to Myers. “We had seven elections over a year and only anticipated two.”
Once discussion wound down, Fuson motioned to accept one refinancing option offered by Civic Finance Advisors, which would ultimately save the county $1.7 million for the duration of the loan. It would also have the approximate $400,000 debt for the old post office paid off by 2016.
White seconded Fuson’s motion. The court was unanimous in its decision. George said a “realistic timeline” has the full refinancing process beginning in February 2013 and taking two weeks to complete.
In other Fiscal Court action:
— The Whitley County Sheriff’s Department budget was approved unanimously Tuesday. Chief Deputy Sheriff Kenny Fuson was on hand to answer budget questions from court magistrates. White asked about the possibility to add audio and/or video equipment to the sheriff’s department arsenal “to protect the county from liability.”
Fuson explained it costs approximately $3,000 per patrol car to retrofit it with current audio/video equipment, and “there’s no way we can do it out of our current budget.”
White offered a $65 digital video recorder solution, which Fuson said the department currently has but they find it “unreliable.”
White said “it was worth looking into” to amend the budget to accommodate some of these expenses.
Fuson said there are currently no grant monies to pursue for this equipment, and Myers wondered if the court had any avenues to pursue grant funding.
White motioned to approve the sheriff department budget, with a second from Myers.
— Two county residents were appointed to three-year terms on the Whitley County Cooperative Extension Council after the terms of Bessie Siler and Ed Farmer end on Dec. 31. The new members are Lorene Bowling and Barry Arnett, both of Williamsburg. White motioned to approve the new appointees, with a second from Fuson. The court was unanimous in its decision.
— Buc Road will be widened after a unanimous decision by the Whitley County Fiscal Court Tuesday.
A petition was brought forth to the court to widen a portion of the roadway. “There’s a bad curve halfway up the hill,” Wells said. White added there was already a guard rail placed in the same area of the roadway. “Everyone on the road is excited,” he said. Wells motioned for the widening, with a second from Fuson.
— Two roads in the county officially received their new names. Johnny Philpot Road and Johnny Philpot Spur Road are now B & G Road and Kerr Court, respectively. In two separate actions, Wells twice made the motion to finalize each change, with two seconds from Fuson. The court was unanimous in both decisions.
— A 1987 Chevrolet van will be sent to the scrapyard after no one bid on the vehicle. Wells motioned for the action, with a second from Brown. The court was unanimous in its decision.
— A second reading of a new ordinance concerning carrying concealed weapons on government property was unanimously approved by the court Tuesday. The new ordinance also repeals an old ordinance. According to White, the new ordinance follows general rules already established. “It falls back on the normal rules of carrying concealed weapons on government property,” he said.
Brown motioned for approval, with a second from Fuson.
By John L. Ross / Staff Writer
- Local News
Survey results reviewed
Another step in the process on picking Corbin High School’s new principal was taken Wednesday, when the school’s Site-Based Decision Making (SBDM) Council unanimously approved the criteria to help them make that decision.
Disney pleads guilty, avoids trial in robbery case
A Gray man pleaded guilty to the December 2012 robbery of a convenience store Wednesday in Laurel County Circuit Court.
Fiscal court approves truck purchase, bid advertisement during meeting
The Laurel County Fiscal Court held a special meeting Wednesday morning to discuss the approval of the purchase of a used truck for the Laurel County Highway Department as well as advertising for bids for janitorial services.
Body found in North Corbin, autopsy planned
An autopsy will be conducted in Frankfort today (Wednesday), to determine the cause of death of a North Corbin woman who was found outside her home Tuesday.
Corbin man arrested for burglary
A Corbin man has been arrested in connection with the Monday burglary of a convenience store, according to Corbin Police Public Affairs Officer Maj. Rob Jones.
CSX Corporation to repair rail crossing
CSX Corporation will begin repairs on the railroad crossing south of Gray at KY 233 mile point 4.6 (Big Indian Road) beginning today (Wednesday) and concluding Thursday evening.
Winning bids go out for Sanders Park work
Work on Phases 2-4 of the Colonel Sanders Park project was given approval by the Corbin Tourism and Convention Commission, during a special session Tuesday.
Whitley sees another jailer, magistrate candidate
Candidates throughout the Tri-County area continue to prepare for the May 20 election — an election that will decide many races in the spring.
Ohio man found dead in W’burg hotel pool
A man traveling with family from South Carolina after his brother’s graduation from the Marines was found dead the day before Thanksgiving in the swimming pool of the Cumberland Inn in Williamsburg.
Police Roundup - Dec. 4, 2013
A Corbin man and woman were arrested Sunday following a domestic violence complaint, according to Laurel County Sheriff John Root.
- More Local News Headlines
- Survey results reviewed