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File #: O-544-14    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 11/17/2014 In control: Metro Council
On agenda: 1/5/2015 Final action: 1/5/2015
Title: AN ORDINANCE AMENDING THE UNIVERSITY OF LOUISVILLE DEVELOPMENT AREA (THE "DEVELOPMENT AREA"), AS ADOPTED BY ORDINANCE N0. 199, SERIES 2010, TO AMEND THE BOUNDARIES OF THE DEVELOPMENT AREA, TO ADOPT AN ADDENDUM FOR THE DEVELOPMENT PLAN FOR THE DEVELOPMENT AREA, AMENDING THE LOCAL PARTICIPATION AGREEMENT FOR THE DEVELOPMENT AREA, AND AUTHORIZING THE EXECUTION AND DELIVERY OF ANY OTHER DOCUMENTS AND THE TAKING OF ANY OTHER ACTIONS NECESSARY TO ACCOMPLISH THE PURPOSES AUTHORIZED BY THIS ORDINANCE.
Sponsors: Marianne Butler (D-15)
Attachments: 1. O-544-14 ATTACH UNIVERSITY OF LOUISVILLE DEVELOPMENT AREA AMENDMENT, 2. O-544-14 ATTACH2 UNIVERSITY OF LOUISVILLE DEVELOPMENT AREA AMENDMENT, 3. Proposed Ackerson Amendmet 2, 4. Proposed Ackerson Amendmet 3, 5. Proposed Ackerson Amendmet 4, 6. Proposed Ackerson Amendmet 1, 7. Proposed Ackerson Amendment Map, 8. 010515 PowerPoint, 9. UofL Belknap Aerial Exhibit (Revised 10-06-2014) RS, 10. ORD 002 2015

ORDINANCE NO. , SERIES 2015
TITLE
AN ORDINANCE AMENDING THE UNIVERSITY OF LOUISVILLE DEVELOPMENT AREA (THE "DEVELOPMENT AREA"), AS ADOPTED BY ORDINANCE N0. 199, SERIES 2010, TO AMEND THE BOUNDARIES OF THE DEVELOPMENT AREA, TO ADOPT AN ADDENDUM FOR THE DEVELOPMENT PLAN FOR THE DEVELOPMENT AREA, AMENDING THE LOCAL PARTICIPATION AGREEMENT FOR THE DEVELOPMENT AREA, AND AUTHORIZING THE EXECUTION AND DELIVERY OF ANY OTHER DOCUMENTS AND THE TAKING OF ANY OTHER ACTIONS NECESSARY TO ACCOMPLISH THE PURPOSES AUTHORIZED BY THIS ORDINANCE.
BODY
SPONSORED BY: Councilwoman Marianne Butler
WHEREAS, the Council established the University of Louisville Development Area (the "Development Area"), though the adoption of Ordinance No. 199, Series 2010 (the "Development Area Ordinance") pursuant to the provisions of KRS 65.7041- 65.7083 and KRS 154-30.010-154-30.090 (the "Act"); and
WHEREAS, subsequent to the establishment of the Development Area the Louisville Medical Center Development Corporation ("LMCDC"), the Agency designated in the Development Area Ordinance, applied for and received a pledge of state incremental tax revenues as permitted by the Act to support the University of Louisville Research Park Project (the "Project") as a 'Signature Project" as defined by the Act:); and
WHEREAS, there is a need to amend the Development Area to delete certain areas (the "Deleted Area") and add certain areas (the "Added Area") from the boundaries of the Development Area (the "Revised Development Area", and to amend the footprint of the Project; and
WHEREAS, in accordance with the provisions of the Act an Addendum to the Development Plan for the Development Area, attached hereto as Exhibit A (the "Addendum") for the Revised Development Area has been prepared and a public hearing has been conducted to seek public comment on the Addendum.
WHEREAS, within the Revised Development Area as illustrated on Exhibit "B" attached hereto, this area is ...

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