A property tax levy public hearing was held at the previous Commission meeting. With this ordinance approval, the City’s real estate tax levy is set at 26.1 cents per $100 assessed value, a 2.3 percent change as compared to the fiscal year 2018 rate of 25.5 cents. The City’s Compensating Rate, the rate that would keep the revenue at the same amount as this fiscal year, is 25.1 cents per $100 assessed value. Kentucky Revised Statutes permits a city to adjust the rate upward by not more than 4 percent of the compensating rate. With the 26.1 cents, the City is taking the 4 percent allowed by KRS.
The rate of 26.1 cents is much less than what the rate was more than twenty years ago in fiscal year 1995. At that time the real estate rate was 43.8 cents per $100 assessed value. The revenue generated by the property tax is the City’s second highest revenue source, behind the payroll tax.
Recently, the Paducah Independent School District voted to set its tax rate at 84 cents per $100 of assessed value which is up from last year’s 79.7 cents. The City collects the school tax but passes the funds along to the district.
The Pat & Jim Brockenborough Rotary Health Park Sprayground and Restroom Project Contract will be voted on October 23rd. The Paducah Board of Commissioners approved a contract with Evrard/Strang Contractors in the amount of $515,000 for the construction of a sprayground and restroom facility at the Pat & Jim Brockenborough Rotary Health Park located at 421 North 13th Street.
After receiving the Notice to Proceed, this will be a 150 calendar day project. Parks & Recreation Department Director Mark Thompson says, “We are excited to get the ground broken on this part of the park".
Regarding the generous donation by the Brockenborough family for the park, Mayor Brandi Harless added, “Thank you to the Brockenborough’s with all of our hearts.”
Two bids were received for this project with Evrard/Strang Construction providing the lowest qualified bid. Rezoning and Final Annexation of Properties on Hinkleville Road, Harris Road, and Olivet Church Road, with the vote to be on October 23rd.
On July 24, 2018, the Paducah Board of Commissioners approved an intent to annex ordinance for several properties adjacent to Paducah’s west side. The properties total nearly 70 acres and have five different property owners. At this meeting, ordinances were introduced for the final annexation of the properties and the rezoning of the properties from Low Density Residential (R-1) to Highway Business District (HBD). The Paducah Planning Commission met September 5, 2018, and provided a positive recommendation about the rezoning.
Three property owners requested the annexation of their properties:
*In a letter dated May 2, 2018, Ms. Nancy Bergfield requested the annexation of 5201 Hinkleville Road.
*In a letter dated March 16, 2018, Ms. Alberta Davis requested the annexation of 5310 Harris Road and 5325 Hinkleville Road.
*In a letter dated May 2, 2018, Falconite Real Estate Holdings, LLC requested the annexation of Tracts 2 and 3 on an annexation plat in addition to 2705 Olivet Church Road.
To help facilitate growth, the City also intends to annex Tract 5 (19.95 acres owned by Menard, Inc.) and Tract 6 (8.0 acres owned by Harriett Reed, Trustee of Walter Reed Trust) as shown on the annexation plat. Plats showing all of the properties can be found in the meeting packet at http://paducahky.gov/2018-city-commission.
In other business, the commission heard the consent agenda, and approved nine municipal orders. They also approved an ordinance for the partial street closure of DAV Drive, also known as Green Street. The adjacent property owner Mid-South Energy Properties, LLC requested the closure which received a positive recommendation from the Paducah Planning Commission.
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