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Richmond holds first reading to create Transportation Improvement District to boost grant competitiveness
Summary
On first reading the commission considered Ordinance 26-15 to create a Transportation Improvement District (TID) intended as an advisory body to improve Richmond's competitiveness for state and federal transportation funding; the ordinance was described as a placeholder and will return for a second reading.
The Richmond City Board of Commissioners heard a first reading of Ordinance 26-15 to create a Transportation Improvement District (TID) under Kentucky statute. The city attorney characterized the ordinance as a "placeholder until there's a project that will come up that will then allow us to appoint the board," and said TIDs are relatively new in the state with only a handful of local governments having adopted them.
According to the attorney, the TID would be largely advisory, intended to facilitate public-private and intergovernmental cooperation on transportation projects, and would include two representatives from the Chamber of Commerce as required by statute. City leaders said adopting the TID would improve Richmond's ranking on state scoring sheets and could position the city more favorably for transportation grant funding.
Because this was a first reading, no board appointments or project funds were authorized; commissioners scheduled a second reading for the April 28 meeting.
