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Treasurer outlines $607,972.32 monthly proposal in talks with Kemmerer Operations
Summary
Lincoln County Treasurer reported a proposed tax-payment schedule for Kemmerer Operations that would require monthly payments of $607,972.32 with final payment due in June; the Board asked staff to draft an agreement to avoid fiscal shortfalls from compounding schedules.
County Treasurer Jerry Greenfield told commissioners that a proposed tax-payment agreement with Kemmerer Operations would require monthly payments of $607,972.32 and conclude with a final payment in June to prevent shortfalls in county distributions.
Kemmerer Operations’ controller, Mike Memmott, said the company was considering a payment plan similar to prior arrangements and was not pursuing the newer tax exemption. Greenfield told the Board that continued use of the prior compounding schedule leaves distributions short at year-end and that he would work with Memmott to produce an agreement in which payments mature at the end of June so the county’s distribution schedule is not impacted.
The transcript records discussion but does not show a formal vote or a completed agreement; Greenfield and Memmott were directed to draft terms for subsequent review by the Board.
Next steps listed in the meeting record include Treasurer follow-up with Kemmerer Operations to draft the agreement; no finalized contract terms or approval dates were provided in the transcript.
