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McCracken County says it had agreed to reserve $1.5 million for Paducah spec building but will not now pay after city funds project
Summary
McCracken County Judge Executive told the fiscal court that the county had told Paducah Mayor Bray it would provide 25% ($1.5 million) of the local share for a proposed speculative industrial building, but the county will not now provide funds after the City of Paducah voted to fully fund the local $6 million share without county participation.
McCracken County Judge Executive told the county fiscal court on July 14 that the county had told Paducah Mayor Bray on July 2 it would provide 25% — $1.5 million — toward the city’s $6 million local share for a proposed speculative industrial building in Industrial Park West, but the county will not now provide that money because the city voted to fund the full local share without county participation.
The judge executive said the agreement with the mayor was reached in a July 2 phone call and that, on the day of the Paducah City Commission vote, the mayor called again around noon. “I advised Mayor Bray in a phone call that the county would, at city's request, pay 25% or 1,500,000 of the cost, and we would no longer ask for reimbursement from payroll tax,” the judge…
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