The City of Hopkinsville is issuing industrial building revenue bonds up to $230 million to help Toyota Boshoku Western Kentucky. City Council voted unanimously Tuesday night at a special called meeting to approve the sale.
Bonding Attorney, Mark Franklin says these industrial bonds are different from the ones taken out for Ascend Elements.
click to download audioAscend Elements Plant Manager, Mark Fern addressed City Council about the current construction hold saying they are working to catch up on engineering the plant before moving forward. Councilman Travis Martin asked about the timeline.
click to download audioCouncilman Clayton Sumner asked about the coming jobs.
click to download audioCouncil also approved an ad valorem tax rebate incentive for Bypass Warehouse LLC, which is planning to build a 150,000-square-foot warehouse on Commerce Court.
In other business, City Council voted to approve the second readings of the annexation of the Berry Property on the new KY-115 connector and the zoning of the new gas station on Pembroke Road. Council instructed the City Clerk to draw up zoning ordinances for 3125 and 3165 Cadiz Road and 4526 Lafayette Road. Several Board appointments were made.
