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Council authorizes KIA loan agreement for Project B26-004 up to $6.12 million
Summary
The council approved Resolution R2026-05 authorizing the mayor to execute an agreement with the Kentucky Infrastructure Authority for up to $6,122,600 for Project B26-004; motion passed 5-0.
Councilman Roland E. Williams moved to approve Resolution R2026-05 to authorize Mayor Heaton to execute an agreement with the Kentucky Infrastructure Authority for up to $6,122,600 for Project B26-004. Councilman Franklin Hibbs seconded the motion, and the council approved it 5-0.
The transcript records the authorization and the loan ceiling but does not provide project details, intended uses for the loan, collateral or repayment terms. Those specifics will be contained in the KIA agreement and associated project documents.
