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Simpson County approves inducement resolution to support AA-KY LLC project and potential $22 million industrial bonds
Summary
Following an executive session, the Simpson County Fiscal Court approved an inducement resolution encouraging AA-KY LLC to proceed with an industrial building and authorizing steps toward issuing industrial building revenue bonds estimated at $22 million and related agreements.
After a closed session under KRS 61.810(1)(g) to discuss a business proposal, the Simpson County Fiscal Court on Oct. 1 approved Inducement Resolution No. 2024-10-01, encouraging AA-KY LLC and its affiliates to proceed with acquisition, development and operation of an industrial building.
The resolution, as recorded in the minutes, contemplates the issuance of industrial building…
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