RESOLUTION NO. __________, SERIES 2026
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A RESOLUTION AUTHORIZING THE MAYOR TO ACCEPT UP TO $1,200,000 FROM THE KENTUCKY HERITAGE COUNCIL (STATE OF KY) FOR THE SALE OF KENTUCKY HISTORIC PRESERVATION TAX CREDITS TO SUPPORT GENERAL REPAIRS, INFRASTRUCTURE NEEDS, MAINTENANCE, RENOVATION, AND CONSTRUCTION ACROSS LOUISVILLE METRO GOVERNMENT (LMG) OWNED PROPERTIES TO BE ADMINISTERED BY THE DEPARTMENT OF FACILITIES AND FLEET MANAGEMENT.
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SPONSORED BY: COUNCIL MEMBER JEFF HUDSON
WHEREAS, Pinion Advisors will be providing a financial contribution up to $1,200,000 representing the historic preservation tax credits for the Facilities Maintenance and Improvement Project; and
WHEREAS, these funds will be used to support general repairs, infrastructure needs, maintenance, renovation, and construction across LMG owned properties; and
WHEREAS, the Metro Government wishes to take advantage of this opportunity through the Department of Facilities and Fleet Management.
NOW, THEREFORE, BE IT RESOLVED BY THE LEGISLATIVE COUNCIL OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT AS FOLLOWS:
SECTION I: The Mayor is hereby authorized to accept up to $1,200,000 from the Kentucky Heritage Council (State of KY) for the sale of historic tax credits to support the Facilities Maintenance and Improvement Project.
SECTION II: The funds received shall be directed to and utilized for the Facilities Maintenance and Improvement Project to be administered by the Department of Facilities and Fleet Management.
SECTION III: This Resolution 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: ________________________________
R-157-26 ...
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