RESOLUTION NO. __________, SERIES 2019
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A RESOLUTION APPROVING THE BUDGET AND ECONOMIC IMPROVEMENT PLANS FOR THE LOUISVILLE DOWNTOWN MANAGEMENT DISTRICT FOR THE PERIOD JANUARY 1, 2020 THROUGH DECEMBER 31, 2020.
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SPONSORED BY: COUNCIL MEMBER YATES
WHEREAS, the Louisville Downtown Management District (“District”) is established pursuant to LMCO Chapter 160, Sections 160.01-160.98 (“Ordinance”) which provides for the financing of economic improvements that specifically benefit privately-owned property within the District; and
WHEREAS, the Board of Directors for the District has developed a budget for the period from January 1, 2020 through December 31, 2020 (“Budget”) and economic improvement plans (“Plans”) as required by the Ordinance; and
WHEREAS, the Board of Directors has submitted the Budget and Plans as attached hereto as Exhibit A.
NOW, THEREFORE, BE IT RESOLVED BY THE LEGISLATIVE COUNCIL OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT (“COUNCIL”) AS FOLLOWS:
SECTION I: That as required by the Ordinance, a public hearing was held for the purpose of soliciting comments upon the Budget and the Plan.
SECTION II: That the Budget and the Plan are approved as attached.
SECTION III: That this body directs the Board of Directors of the District to publish the Budget and the Plan pursuant to KRS Chapter 424.
SECTION IV: That this Resolution shall take effect upon its passage and approval.
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_______________________________ H. Stephen Ott Metro Council Clerk |
_____________________________ David James President of the Council |
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_______________________________ Greg Fischer Mayor |
_____________________________ Approval Date |
APPROVED AS TO FORM AND LEGALITY:
Michael J. O’Connell
Jefferson County Attorney
BY: ____________________________
R-153-19 Lou.Downtown Mgmt.Dist. Budget & Econ.Impvmt.Plan sd 102219.docx