EDC, hospital finances discussed at Fiscal Court
by Franklin Clark, Reporter -- fclark@cadizrecord.com
Jun 18, 2014 | 38 38 recommendations | email to a friend | print
<i>Franklin Clark/Cadiz Record<p>
Cadiz resident Dan Clemons (above) spoke to the Trigg County Fiscal Court Monday evening about the EDC’s and the hospital’s finances.</i>
Franklin Clark/Cadiz Record

Cadiz resident Dan Clemons (above) spoke to the Trigg County Fiscal Court Monday evening about the EDC’s and the hospital’s finances.

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The latter part of Monday evening’s Trigg County Fiscal Court meeting was dominated by discussion of the finances of the Cadiz-Trigg County Economic Development Commission and the Trigg County Hospital.

Cadiz man Dan Clemons told the Fiscal Court that he has filed requests with the office of Kentucky Auditor Adam Edelen to have that body review the EDC’s and the hospital’s finances. One of the issues Clemons has is with the EDC’s decsion to open a line-of-credit with the Bank of Cadiz for improvements at Industrial Park No. 3.

That line-of-credit, EDC officials say, influenced Transcraft’s decision to locate their national headquarters in Cadiz. Both the Cadiz City Council and the Fiscal Court voted to pay off half of the roughly $300,000 line-of-credit.

At Monday’s meeting, Trigg County Judge Executive Hollis Alexander defended the EDC’s decision. He said they had about six days to decide to do that, and that it created 362 jobs here. He estimated that has netted the city about $400,000 in payroll taxes alone.

For the rest of this story, see this week's issue of The Cadiz Record or subscribe to our e-Edition by calling 270-522-6605.
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