ORDINANCE NO. __________, SERIES 2022
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AN ORDINANCE AMENDING CHAPTER 39 OF THE LOUISVILLE METRO CODE OF ORDINANCES ("LMCO") TO REQUIRE METRO GOVERNMENT DEPARTMENTS AND AGENCIES RECEIVING FUNDING FROM METRO COUNCIL FOR SPECIFIC PROJECTS TO PAY ANY OVERAGES FROM THE ESTIMATED AMOUNT SUBMITTED IN ITS PROPOSAL (AS AMENDED).
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SPONSORED BY: COUNCIL MEMBER PEDEN
WHEREAS, Metro Council appropriates funding from Capital Infrastructure Funds (CIF) and Neighborhood Development Funds (NDF) and Council Designated Funds (CDF) to Metro Government departments and agencies to fund specific projects;
WHEREAS, Metro Council approves Metro Government's budget every fiscal year which includes items funding specific projects;
WHEREAS, Metro Government departments and agencies often present estimates to Metro Council which allow Metro Council to determine the amount of funds to appropriate or approve for each specific project;
WHEREAS, if the project is not completed by the Metro Government department or agency in a timely fashion, estimates for a project no longer accurately reflect the cost of implementation of the project; and
WHEREAS, Metro Council would like to incentivize the timely commencement of projects which it appropriates or approves funding to a Metro Government department or agency to complete.
NOW, THEREFORE, BE IT ORDAINED BY THE LEGISLATIVE COUNCIL OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT AS FOLLOWS:
SECTION I: A new section of LMCO is hereby created as follows:
? 39.XXX FUNDING APPROPRIATED OR APPROVED BY METRO COUNCIL TO METRO DEPARTMENTS AND AGENCIES.
(A) If Metro Council appropriates funding to a Metro Government department or agency to complete a specific project based upon an estimate provided by that Metro Government department or agency, the Metro Government department or agency shall be responsible for paying any additional cost above the estimate after the completion of the project with t...
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