July 2020 Newsletter

July 21, 2020by Matt Fitterer0
matt fitterer newsletter

Buckner Road Transition Project

We all know that the widening of Buckner Road, the widening and realignment of Buckner Lane and the construction of the new I-65 interchange is going to create some traffic nightmares during their construction (think Duplex on steroids). BOMA is working hard to ensure the 3 different projects sync up in timing, but given the multiple contractors, funding sources and entities involved in each project it’s quite challenging.
Right now the Buckner Rd project is tracking a little behind Buckner Lane and the interchange, this will create a pinch point at the existing Buckner & Buckner intersection as the multiple lanes from the interchange will need to transition into the two lane Buckner Rd.
BOMA has retained the Corradino Group to deliver a short term solution to aid in the transition from the B&B intersection to the west. Corradino prepared a variety of solutions for the City to select from, ranging from doing nothing to a fairly complex solution that would require right of way purchase. Ultimately the City selected a solution that can be constructed within existing right of way and within a 6-9 month time frame to ensure the temporary transition improvement is in place prior to completion of the interchange (option B in the linked documents).
Debt Management Policy Update
A few weeks ago, someone asked me what Resolution I’d written that I was most proud of. The answer was easy Resolution 19-40, which restricted any property tax change to be spent only on infrastructure projects and requires the taxes to sunset after projects are paid for. 19-40 forces BOMA to spend wisely, and puts an end date on taxation.
Well, 19-40 has some competition now. This past Monday night BOMA passed Resolution 20-31 which amends the City’s Debt and Debt Management policy.
The old debt policy tied borrowing limits to population. In other words – more people equals more borrowing, without any thought to how the debt would be repaid.
The new policy, thanks to 20-31, ties debt limits to City revenues. Our ability to borrow is now capped by what we can actually afford, and not the population.
You can read the full policy here. It is a little dense, but will put Spring Hill on a better financial path in the future. It’s not quite the Dave Ramsey Envelope System – but it’s closer.
Economic Development Reset
During the budget process, the Board decided to defund the Economic Development Coordinator position. Nearly everyone agrees that the prior approach to Economic Development was ineffective and producing “wins” to the City that were undesirable; such as storage units, fast food restaurants and multi-family housing.
The Board has now approved a Resolution to re-think, re-invent and re-start the City’s efforts towards economic development. Over the next 90-120 days you should see news related to the City developing a new game plan for going foward.
Now is also the time to be vocal. If there are certain economic development activities that you feel the City should or should not be investing in, reach out to BOMA and let them know. Don’t reach out to advocate for your favorite retailer or restaurant – but about HOW the City should go about Economic Development. Think HOW and not WHO.
Thank you for reading!
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Thank you for reading!
Matt

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