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File #: R-115-19    Version: 1 Name:
Type: Resolution Status: Passed
File created: 8/20/2019 In control: Metro Council
On agenda: 10/10/2019 Final action: 10/10/2019
Title: A RESOLUTION PURSUANT TO THE CAPITAL AND OPERATING BUDGET ORDINANCES, APPROVING THE APPROPRIATION TO FUND THE FOLLOWING NONCOMPETITIVELY NEGOTIATED PROFESSIONAL SERVICE CONTRACT FOR LOUISVILLE FORWARD CONCERNING FINANCIAL ADVICE AND COUNSELING ON COMPLEX FINANCIAL ARRANGEMENTS, DEAL STRUCTURES AND TAX INCREMENT FINANCING - COMMONWEALTH ECONOMICS PARTNERS, LLC - $108,000.
Sponsors: David Yates (D-25)
Attachments: 1. R-115-19 V.1 091219 Contract for TIF Commonwealth Economic.pdf, 2. R-115-19 V.1 091219 ATTACH Contract for TIF Commonwealth Economic.pdf, 3. RES 107 2019.pdf

RESOLUTION No. __________, Series 2019

TITLE

A RESOLUTION PURSUANT TO THE CAPITAL AND OPERATING BUDGET ORDINANCES, APPROVING THE APPROPRIATION TO FUND THE FOLLOWING NONCOMPETITIVELY NEGOTIATED PROFESSIONAL SERVICE CONTRACT FOR LOUISVILLE FORWARD CONCERNING FINANCIAL ADVICE AND COUNSELING ON COMPLEX FINANCIAL ARRANGEMENTS, DEAL STRUCTURES AND TAX INCREMENT FINANCING - COMMONWEALTH ECONOMICS PARTNERS, LLC - $108,000.

BODY

Sponsored By: CouncilMember David yates

 

BE IT RESOLVED BY THE LEGISLATIVE COUNCIL OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT (THE COUNCIL) AS FOLLOWS:

 

SECTION I:                     The following appropriation for the listed contract is hereby approved:

ECONOMIC DEVELOPMENT

$108,000 for a noncompetitively negotiated Professional Service Contract with Commonwealth Economics Partners, LLC for professional services regarding financial advice and counseling on complex financial arrangements, deal structures and tax increment financing from July 1, 2019 through June 30, 2020.

SECTION II: This Resolution shall take effect upon its passage and approval.

 

_______________________________ H. Stephen Ott Metro Council Clerk

_____________________________ David James President of the Council

 

 _______________________________ Greg Fischer Mayor

 _____________________________ Approval Date

 

APPROVED AS TO FORM AND LEGALITY:

 

Michael J. O’Connell

Jefferson County Attorney

 

 

BY:  ____________________________

PSC 2020-xxxx Economic Development with Commonwealth Economics Partners LLC Resolution FY20 081319.doc [pr]