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Committee approves forwarding EDF closeout funding and $25,000 Enerfund transfer for retail summit
Summary
City staff told the Committee that the city has received reimbursements for most of a $7 million EDF grant project at Commerce Park 2 and requested a final match/closeout amount; the committee also approved a $25,000 Enerfund transfer for an International Council of Shopping Centers recruitment summit.
Melissa Clayton told the Committee of the Whole that the city was in the closeout phase of a State of Kentucky Economic Development Fund (EDF) grant related to infrastructure at Commerce Park 2 and that the grant originally totaled $7,000,000 with a required $4,000,000 local match. Clayton said the city needed $334,000.34 to close out the grant and that council had previously passed related memoranda of understanding for match…
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