I think I'm dyslexic when it comes to reading tea leaves

It dawned upon me that just because city council APPROVES the city applying for something, does not necessarily mean that the city actually applied that very moment. I then gave the WVEDA a call and was informed that there was nothing relating to the BSSA on their agenda for today's (tonight?) meeting, though there is something up for money for the River Place project. Unless someone was sneaky and worked it into that bundle, the money would not be coming up until the September 16 meeting. Deron Runyon said "end of September" earlier, so I figure if it doesn't come up then, it's probably not coming up.

In the meantime, say hello your new arena manager!

Okay, here's where we stand

A RESOLUTION OF COUNCIL RETURNING THE ALLOCATION OF THE RECOVERY ZONE ECONOMIC DEVELOPMENT BOND LIMITATION ALLOCATED TO THE CITY BY THE COUNTY COMMISSION OF CABELL COUNTY UNDER SECTION 1400U-1(a)(3)(A) OF THE UNITED STATES INTERNAL REVENUE CODE FOR THE ISSUANCE OF RECOVERY ZONE ECONOMIC DEVELOPMENT BONDS THAT WAS PREVIOUSLY ALLOCATED TO A PROJECT AT THE BIG SANDY SUPERSTORE ARENA FOR THE CITY

Jim Insco confirms that the bonds that Cabell County had approved earlier in the year were returned, since the city had until July 30 to use them anyhow.

AND APPROVING THE APPLICATION FOR RECOVERY ZONE ECONOMIC DEVELOPMENT BOND VOLUME CAP WITH THE WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY

However, the city simultaneously applied at the state level for the same bond. Finance Director Deron Runyon says the city will know the bond status by the end of September, and will have the rest of the year to finalize things.

So things are a little more complicated--the city has to get RE-approved for bonds now--but at least this shows that city council still wants to get this done, despite all the municipal shenanigans going on in Huntington.

UPDATE: 11 Aug, 9:25am: per the website of the WV Economic Development Authority, applications made by the 1st of August would be heard in their meeting on the 19th--next Thursday...

Somebody help me translate Muncipalfinancese!

Catching up--been quite hectic round these parts lately--and found this in the July 26 Huntington City Council agenda:

Resolution re: A RESOLUTION OF COUNCIL RETURNING THE ALLOCATION OF THE RECOVERY ZONE ECONOMIC DEVELOPMENT BOND LIMITATION ALLOCATED TO THE CITY BY THE COUNTY COMMISSION OF CABELL COUNTY UNDER SECTION 1400U-1(a)(3)(A) OF THE UNITED STATES INTERNAL REVENUE CODE FOR THE ISSUANCE OF RECOVERY ZONE ECONOMIC DEVELOPMENT BONDS THAT WAS PREVIOUSLY ALLOCATED TO A PROJECT AT THE BIG SANDY SUPERSTORE ARENA FOR THE CITY AND APPROVING THE APPLICATION FOR RECOVERY ZONE ECONOMIC DEVELOPMENT BOND VOLUME CAP WITH THE WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY

I THINK this means that the city is re-applying for the bonds. Fired off an email to Steve Williams, will keep yas posted. And I will be getting back to those transcriptions once things get less hectic here.