Ordinance No. _________, Series 2026
Title
AN ORDINANCE AMENDING ORDINANCE NO. 126, SERIES 2007, RELATING TO THE FISCAL YEAR 2007-2008 CAPITAL BUDGET, ORDINANCE NO. 090, SERIES 2009, RELATING TO THE FISCAL YEAR 2009-2010 CAPITAL BUDGET, ORDINANCE NO. 119, SERIES 2012, RELATING TO THE FISCAL YEAR 2012-2013 CAPITAL BUDGET, ORDINANCE NO. 088, SERIES 2021, RELATING TO THE FISCAL YEAR 2021-2022 CAPITAL BUDGET, ORDINANCE NO. 111, SERIES 2026, RELATING TO THE FISCAL YEAR 2026-2027 CAPITAL BUDGET, BY TRANSFERRING AND CONSOLIDATING FUNDS BETWEEN PROJECTS WITHIN VARIOUS LOAN FUNDS TO FACILITATE MORE EFFICIENT PROJECT ADMINISTRATION.
Body
SPONSORED BY: COUNCIL MEMBER KEVIN KRAMER
BE IT ORDAINED BY THE LEGISLATIVE COUNCIL OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT (“COUNCIL”) AS FOLLOWS:
SECTION I: Part I., Economic Development, of Ordinance No. 126, Series 2007, is hereby amended as follows:
Number Project Title Fund Amount
37 Park Hill Corridor Revitalization Strategy
a. CCRF 200,000 0
b. FEDERAL 1,200,000 0
SECTION II: Part I., Chief of Economic Growth & Innovation, N. Economic Growth & Innovation, of Ordinance No. 119, Series 2012, is hereby amended as follows:
Number Project Title Fund Amount
93 Accessibility Revolving Loan
Program AG. REC. 20,000 0
Number Project Title Fund Amount
94 Façade Revolving Loan
Program AG. REC. 1,300,000 0
Number Project Title Fund Amount
95 KEOZ Grant Revolving Loan
Program AG. REC. 100,000 0
Number Project Title Fund Amount
96 New Market Tax Credit AG. REC. 40,000 0
SECTION III: Part I., Chiefs of Louisville Forward, K. Economic Development, of Ordinance No. 088, Series 2021, is hereby amended as follows:
Number Project Title Fund Amount
95 METCO Loan Program CCRF 1,500,000 1,478,839.50
SECTION IV: Part I., Chief of Staff/General Counsel, C. Economic Development, of Ordinance No. 111, Series 2026, is hereby amended as follows:
Number Project Title Fund Amount
METCO Revolving Loan Fund
a. CCRF 517,410.50
b. AG. REC 237,719.70
Number Project Title Fund Amount
METCO Title IX AG. REC 185,553.34
Number Project Title Fund Amount
EPA Brownfield AG. REC. 422,588.87
Number Project Title Fund Amount
METCO Admin & Legal Fees AG. REC 327,538.44
SECTION V: The Council has determined the funds requested in this Ordinance will be expended for a public purpose.
SECTION VI: This Ordinance shall take effect upon its passage and approval or otherwise becoming law.
_________________________________ ______________________________
Sonya Harward Brent Ackerson
Metro Council Clerk President of the Council
__________________________________ _____________________________
Craig Greenberg Approval Date
Mayor
Approved as to form:
Michael J. O’Connell
Jefferson County Attorney
BY: ______________________________
O-226-26 - METCO Consolidation Ordinance.docx