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File #: O-265-15    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 8/24/2015 In control: Labor and Economic Development Committee
On agenda: 9/15/2015 Final action: 9/24/2015
Title: AN ORDINANCE AMENDING CHAPTER 160 OF THE LOUISVILLE METRO CODE OF ORDINANCES TO EXPAND THE BOUNDARIES OF THE LOUISVILLE DOWNTOWN MANAGEMENT DISTRICT.
Sponsors: David Tandy (D-4)
Attachments: 1. O-265-15 ATTACH Copy of LDMD Expansion Property Owner Spreadsheet - revised (2), 2. O-265-15 ATTACH Exhibit A LDMD West Expansion Map, 3. O-265-15 ATTACH LDMD 2015 EIP, 4. O-265-15 ATTACH LDMD Expansion Aerial 2015, 5. O-265-15 ATTACH LDMD Expansion petition, 6. O-265-15 ATTACH LDMD signed letter from Mayor Fischer to Pres Tandy, 7. O-265-15 ATTACH LDMD signed letter to Mayor Fischer, 8. ORD 155 2015 - EXHIBIT A
ORDINANCE NO. __________, SERIES 2015
TITLE
AN ORDINANCE AMENDING CHAPTER 160 OF THE LOUISVILLE METRO CODE OF ORDINANCES TO EXPAND THE BOUNDARIES OF THE LOUISVILLE DOWNTOWN MANAGEMENT DISTRICT.
BODY
Sponsored By: COUNCILMEMBER DAVID TANDY

WHEREAS, KRS 91.750 - 91.762 (the "Act") authorizes the Council to establish within Louisville Metro one or more management districts for the purpose of providing and financing economic improvements that specifically benefit privately-owned property within such management districts;
WHEREAS, Chapter 160 of the Louisville Metro Code of Ordinances established the Louisville Downtown Management District (the "District") pursuant to the Act;
WHEREAS, on August 21, 2015, the Louisville Downtown Partnership presented to the Mayor a petition ("Petition") requesting that the boundaries of the District be expanded to include three contiguous areas located north, west, and south of the current boundaries of the District as shown in Exhibit A hereto (the "District Expansion Area");
WHEREAS, the Petition was signed by 11 property owners within the District Expansion Area ("Owners"), which Owners constitute 47.8% of the number of owners of real property within the District Expansion Area and the value of the properties owned by the Owners equals 67% of the total assessed value of all benefited real property within the District Expansion Area;
WHEREAS, the Mayor has determined that the Petition satisfies the requirements of the Act and has therefore forwarded the Petition to the Council for the adoption of an ordinance expanding the boundaries of the District to include the District Expansion Area as requested by the Petition; and
WHEREAS, the Council, having considered the Petition and having conducted a public hearing on the expansion of the District, after causing notice of the hearing and a summary of the plan for the District Expansion Area to be published twice in the Courier-Journal in...

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