RESOLUTION NO. __________, SERIES 2018
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A RESOLUTION APPROVING THE BUDGETS AND ECONOMIC IMPROVEMENT PLANS FOR THE LOUISVILLE DOWNTOWN MANAGEMENT DISTRICT FOR THE PERIODS JANUARY 1, 2018 THROUGH DECEMBER 31, 2018 AND JANUARY 1, 2019 THROUGH DECEMBER 31, 2019.
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SPONSORED BY: COUNCIL MEMBER MARIANNE BUTLER
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, 2018 through December 31, 2018 and January 1, 2019 through December 31, 2019 ("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 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.
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H. Stephen Ott
Metro Council Clerk
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David James
President of the Council
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Greg Fischer
Mayor
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Approval Date
APPROVED AS TO FORM AND LEGALITY:
Michael J. O'Connell
Jefferson County Attorney
BY: ____________________________
Resolution for Budget and Econ. Improvements for Lou. Dwtn Mgmt Dist (10-4-18) (pbw)
APPENDI...
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