By STEVE SWOGETINSKY
A new Toyota dealership is coming to Philadelphia off Highway 16 west, and aldermen last week approved taxpayer funding for infrastructure improvements.
The Mayor and College of Aldermen passed two resolutions at their Oct. 19 meeting to help bring the new car dealership to town.
Doc’s Toyota of Louisville will build a new Toyota dealership on the south side of Highway 16 across from the bumpers, Mayor James A. Young confirmed Tuesday.
Doc’s Toyota is formerly known as Bullock Toyota and is currently located in Louisville. “Construction is expected to begin in January,” said Tim McCown, general manager of the dealership, which currently employs about 20 people.
“It will be a new Toyota dealership,” McCown said. “It should come out of the ground in a few months. It will be brand new from scratch. It will be repair, service, rental cars, full dealership.
Under a TIF, a portion of the sales and ad valorem taxes collected from the concessionaire are typically diverted to pay for water, sewer, and road improvements. The loan amount and details were not announced.
A FIT is an economic development tool. Through the use of FITs, governments typically divert revenue from a defined area or district to an economic development project or a public improvement project.
A $1.6 million TIF resolution was approved for Marshal Ford in 2015. A previous $2 million TIF was approved by the city for a Lowe’s in 2004.
The board of supervisors has not been approached about the Toyota TIF, County Administrator Jeff Mayor said Tuesday morning.
During last week’s meeting, the board passed two resolutions regarding the TIF.
The first resolution was a commitment resolution.
“The Commitment Resolution – authorizes Council Counsel Robert Thomas as attorney, Butler Snow as bond attorney, and Steve Pittman as financial and government consultant, to conduct the legal analysis and to make sure you’re doing everything you need to do,” Sam Keyes of law firm Butler Snow told the aldermen.
The second resolution declares the City’s intention to proceed with the adoption of a taxation-financing plan. Keyes said state law requires a plan to be in place before the city can proceed.
Aldermen passed both resolutions and set a public hearing for the second meeting in November to provide details and answer questions from the public.
In other actions at the October 19 board meeting, aldermen voted to:
• Approve the payment of $10,869 to the Parks Commission to close the 2021 fiscal year.
• Filed an order to pay $14,544 for work on the Booker T. Washington renovation project.
• Approve the opening of two new bank accounts and the transfer of money from the general fund at a better interest rate. The order moved $870,046 for the ARPA account and $309,166 for the Modern Use account.
• Approve the hiring of Robert Windham to work part-time for Animal Control.
• Approved a request to rent seven hotel rooms for the fire department, which will host task force training at the Coliseum.
• Approved acceptance of three Homeland Security grants totaling $305,000.
• Aldermen have been informed that the city has received the 2020 Census data. Aldermen will review the data to redraw ward lines. There’s no deadline to complete the job, but attorney Robert Thomas said the city can’t hold another election until it’s complete.
• The board met in executive session to consider personnel matters.