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.
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