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Woodford County authorizes judge to sign Yokohama purchase agreement in 4–3 vote
Summary
After executive-session review, the court authorized the Judge Executive to sign a purchase and sale agreement for the Yokohama Industries property; the roll call passed 4–3 following brief remarks that the transaction presented limited near-term risk.
The Woodford County Fiscal Court voted to authorize the Judge Executive to sign and execute a purchase and sale agreement for the Yokohama Industries property following executive-session review of the transaction.
Judge Executive presented the proposal and opened the floor for questions. Squire Gentry noted "there's no risk involved within the first 80 day a hundred and 80 days," and the court moved forward with the authorization. The clerk performed a roll call vote that resulted in a 4–3 margin in favor of the authorization.
The transcript shows discussion limited to the motion and a short exchange about near-term risk; the court did not read the full agreement into the record during open session. The county confirmed that the city of Versailles and the Woodford County EDA had previously voted to sign and execute the purchase and sale agreement for the transaction.
The judge said the authorization was to allow the Judge Executive to sign the agreement "as presented"; no bond or financing commitment details were discussed publicly at this meeting. The court recorded the roll-call votes and confirmed the motion carried 4–3.
Next steps are for the Judge Executive to execute the purchase and sale agreement as authorized and for staff to complete any administrative actions required to close the transaction.
