The city of Olive Hill set its property tax rate for the coming year during the last regular meeting on Sept. 17. The city chose the compensating rate, which allows them to approve the rate without holding a public hearing as they would if they chose to raise or retain their previous tax rate.
The compensating rate for both real property and tangibles was set at .236 per $100 of valuation. This is slightly lower than the tax rate for the previous year, which was .239 per $100 of valuation, but is expected to bring in the same amount of revenue for the city.
In other action the city moved to pass a resolution remitting payment for the downtown water line resolution. Because the work on the project has taken longer than expected, councilman Justin Dixon expressed concerns about the resolution, asking Mayor Jerry Callihan how much of the project the city has paid on so far, and if the current payment would exceed amounts they previously discussed.
Callihan told council the contractors working on the project had been working for two months longer than originally projected, but noted that the wet spring and summer had delayed work on the project. He also noted that council “can't pay (the contractors) more than we've already approved.”
The resolution to pay on the water line project passed unanimously.
Dixon, however, dissented on the resolution to pay Harshaw Trane for work on the energy savings project, which has already started with the replacement of old water meters and will include the construction of a new water treatment plant in its final phases. Dixon was the lone “no” vote on the resolution, which was passed over his objection.
Council also moved to approve a model procurement ordinance on the second reading. The code, based on Kentucky Revised Statutes (KRS) Chapter 45a, sets standards for purchases and bids on city contracts.
Council also approved an amended budget on second reading, and set the date and time for trick-or-treat within city limits.
Olive Hill trick-or-treat will take place on Halloween night, Oct. 31, from 6 – 8 p.m.
During open discussion council heard requests about roads in need of repair, and noted that blacktopping is set to begin.
They also heard about plans to apply for grant funding that would fund the placement of reading stations along a walking trail in the city's park. The reading stations would each contain a section of a story, encouraging families to walk the entire trail in order to experience the complete story.
The grant funding is available for such projects, the citizens proposing the project noted, if the city would vote to allow the stations to be placed on city property. Council voted unanimously to approve placement and to move forward with the grant application.
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