Glasgow City Council Agenda January 26, 2026
City Plans $85M Bond Financing for Tate Access Floors
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Description
Glasgow City Council is considering authorization of up to $85 million in taxable industrial building revenue bonds to finance an industrial facility to be leased to Tate Access Floors, Inc. The resolution includes approval of a lease and payment in lieu of taxes agreement, contingent on final state incentive approval.
Contract Details
Contract Amount
Not to exceed $85,000,000 (bond principal)
Vendor
TATE ACCESS FLOORS INC
Agency
City of Glasgow, KY
Contract Type
FINANCIAL_SERVICES
Document Date
January 26, 2026
Renewal Info
Single-issue industrial revenue bond financing; renewal terms for the lease or PILOT agreements are not specified in the agenda text.
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