The City of Leitchfield approved its 2015 property tax rates on Monday night, Sept. 21.
During its regular meeting on Monday, the Leitchfield City Council, in a five-to-one vote, approved taking the budgeted compensating tax rates for 2015, rather than a 4 percent increase in revenue.
The compensating tax rates will result in an increase in city revenue of $34.41 from the previous year, as well as a decrease in the real property tax rate and an increase in the personal property tax rate.
The compensating property tax rates are as follows:
The Real Property tax rate will decrease from 12.1 cents per $100 of assessed valuation to 12.02 cents per $100 of assessed valuation, for a $29.50 increase in revenue.
The Personal Property tax rate will increase from 18.6 cents per $100 of assessed valuation to 20.06 cents per $100 of assessed valuation, for a $4.91 increase in revenue.
The total projected revenue for the 2015 compensating real property tax rate is $295,450.39, and the total projected revenue for the 2015 compensating personal property tax rate is $106,490.13.
Following the approval of the compensating tax rates, City Finance Officer Erin Embry provided the first reading of the 2015 Property Tax Ordinance, which was approved by the City Council.
In other business:
*The City Council approved a bid from Do All Construction for the widening of Shull White Road, as well as the installation of a bridge on the road.
The project will commence pending approval from FEMA for the project’s extension, Leitchfield Public Works Director Sheila Puckett said.
The projected total cost of the Shull White Road project is $465,000, 13 percent of which will be the city’s responsibility to pay for, Puckett said.
The remainder of the cost of the project will be covered by the state and federal governments.
*Leitchfield Mayor William Thomason presented the bid results for the new City Ball Park Complex, American Legion Post 81 Veterans Memorial Park, Public Works Maintenance Facility, and Leitchfield Aquatic Center parking lot expansion.
The City Council approved the $171,000 bid for the construction of the Veterans Memorial Park and the $148,000 bid for the construction of a second parking lot at Leitchfield Aquatic Center per Thomason’s recommendation.
Thomason recommended the City Council reject the bids for the ball park complex and Public Works maintenance facility because they came back higher than what was originally projected.
The City Council rejected the ball park complex and Public Works maintenance facility bids, based on Thomason’s recommendation.
Thomason said officials are looking into ways to cut costs on the ball park complex and Public Works maintenance facility projects and intend to re-bid the projects in January.
*The City Council approved the $1,935.80 purchase of a new sign for Leitchfield Fire Station 2, based on Leitchfield Fire Chief Tim Duvall’s recommendation.
*The City Council approved the first reading of an ordinance changing 402 West White Oak St. from a B-2 (Central Business) to a C-1 (Highway Commercial).
*Thomason said the City Council’s next regular meeting, scheduled for Monday, Oct. 5, is cancelled due to lack of a quorum.
Reach Matt Lasley at 270-259-9622, ext. 2015.