Over the past several years, many Kentucky cities have benefited from the reverse salt auction that KLC and the Kentucky Association of Counties (KACo) administer. This year, organizers delayed the auction because of a northeast snowstorm late in the season, supplier staffing shortages, and rising gas prices.
KACO and Orbis Online, the auction administrator, contacted cities again this week to notify them of another delay. Suppliers requested the postponement to reconfigure forecast numbers with new oil futures prices, which could help lower salt prices.
The auction will now take place on June 14, 15, and 16. As initially planned in May, there will be six auctions ‒ two per day ‒ with the first one starting at 9 a.m. EDT (8 a.m. CDT) followed by 2 p.m. EDT. (1 p.m. CDT). As in the past, all participants will be grouped based on their respective locations.
If you have already registered for the May dates, you do not need to register again. Your original auction time, morning or afternoon, will remain the same.
If you have not registered, please do so now by clicking here.
Regarding advertising requirements in KRS 45A.370, cities do not need to submit an advertisement to a local newspaper because Orbis published an invitation to bid (ITB) online and submitted it to national salt suppliers.
Please feel free to contact KLC Municipal Law Attorney Chris Johnson if you have any questions.