Special Called City Council Meeting Agenda
Glasgow Weighs $85M Bond-Financed Lease With Tate
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Description
The City of Glasgow is considering a resolution to issue up to $85 million in taxable industrial building revenue bonds to finance an industrial building project to be leased to Tate Access Floors, Inc. The action would also authorize a lease agreement and payment in lieu of taxes agreement, contingent on final approval of a state incentive package.
Contract Details
Contract Amount
Not to exceed $85,000,000 (bond principal amount)
Vendor
TATE ACCESS FLOORS INC
Agency
City of Glasgow, KY
Contract Type
FACILITIES
Document Date
January 29, 2026
Renewal Info
Industrial building revenue bond financing with corresponding lease and PILOT agreements; specific lease duration and renewal or extension options are not detailed in the agenda text.
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