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File #: R-155-17    Version: 1 Name:
Type: Resolution Status: Passed
File created: 10/5/2017 In control: Labor and Economic Development Committee
On agenda: 10/26/2017 Final action: 10/26/2017
Title: A RESOLUTION APPROVING THE BUDGETS AND ECONOMIC IMPROVEMENT PLANS FOR THE LOUISVILLE DOWNTOWN MANAGEMENT DISTRICT FOR THE PERIODS JANUARY 1, 2017 THROUGH DECEMBER 31, 2017 AND JANUARY 1, 2018 THROUGH DECEMBER 31, 2018.
Sponsors: Cheri Bryant Hamilton (D-5)
Attachments: 1. R-155-17 V.1 101217 LDMD Budgets and Economic Improvement Plans for 2017 and 2018.pdf, 2. R-155-17 V.1 101217 ATTACH 2017 Exhibit A - 2017 Budget and EIP.pdf, 3. R-155-17 V.1 101217 ATTACH 2018 Exhibit A - 2018 Budget and EIP.pdf, 4. 101717 EIP Budgets Louisville Downtown Partnership.pdf, 5. RES 112 2017.pdf
RESOLUTION NO. __________, SERIES 2017
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A RESOLUTION APPROVING THE BUDGETS AND ECONOMIC IMPROVEMENT PLANS FOR THE LOUISVILLE DOWNTOWN MANAGEMENT DISTRICT FOR THE PERIODS JANUARY 1, 2017 THROUGH DECEMBER 31, 2017 AND JANUARY 1, 2018 THROUGH DECEMBER 31, 2018.
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SPONSORED BY: Council Member Bryant Hamilton

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 have developed budgets for the periods from January 1, 2017 through December 31, 2017 and January 1, 2018 through December 31, 2018 ("Budgets") and economic improvement plans ("Plans") as required by the Ordinance; and
WHEREAS, the Board of Directors have submitted the Budgets and Plans as attached hereto as Exhibit A.
NOW, THEREFORE, BE IT RESOLVED BY THE LEGISLATIVE COUNCIL OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT (THE COUNCIL) AS FOLLOWS:

SECTION I: That as required by the Ordinance, a public hearing was held for the purpose of soliciting comments upon the Budgets and the Plans.
SECTION II: That the Budgets and the Plans are approved as attached.
SECTION III: That this body directs the Board of Directors of the District to publish the Budgets and the Plans pursuant to KRS Chapter 424.

SECTION IV: That this Resolution shall take effect upon its passage and approval.
_______________________________
H. Stephen Ott
Metro Council Clerk
_____________________________
David Yates
President of the Council



_______________________________
Greg Fischer
Mayor

_____________________________
Approval Date

APPROVED AS TO FORM AND LEGALITY:

Michael J. O'Connell
Jefferson County Attorney



BY: ____________________________

(pbw)
APPENDIX A


Louisville Downtown Management District

2017 Budget & Economi...

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