Franklin County approves up to $33 million in industrial revenue bonds for Franklin Devco project
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Summary
Franklin County Fiscal Court on Jan. 20 approved Resolution No. 1-2026, authorizing issuance of up to $33,000,000 in taxable industrial building revenue bonds to finance an industrial building to be leased to Franklin Devco, LLC; the measure passed unanimously.
Franklin County Fiscal Court on Jan. 20 authorized the issuance of taxable industrial building revenue bonds in an aggregate principal amount not to exceed $33,000,000 to finance acquisition, construction, expansion, improvement and equipping of an industrial building to be leased to Franklin Devco, LLC.
The motion to approve Resolution No. 1-2026 was made by Squire Richard Tanner and seconded by Squire Mike Harrod. The court recorded all present members — Squires Sherry Sebastian, J.W. Blackburn, Kelly Dycus, Mike Harrod, Richard Tanner, Eric Whisman and County Judge/Executive Michael Mueller — as voting in favor, and the resolution passed.
The resolution, as read to the court, authorizes the county to issue bonds under the statutory framework cited in the motion (referencing KRS §103.200(1)), to enter a lease agreement and a payment-in-lieu-of-taxes arrangement, and to execute other documents necessary for issuance and financing of the project. The transcript does not specify a timeline for issuance or additional financing details.
The bond authorization was presented during the voting meeting portion of the court’s Jan. 20 session. Court members handled the matter as a single, standalone resolution; no amendment or defeat was recorded.