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File #: R-174-19    Version: Name:
Type: Resolution Status: Passed
File created: 12/6/2019 In control: Metro Council
On agenda: 2/6/2020 Final action: 2/6/2020
Title: A RESOLUTION APPROVING THE GRANTING OF LOCAL INCENTIVES TO RXC ACQUISTION COMPANY DBA RXCROSSROADS AND ANY SUBSEQUENT ASSIGNEES OR APPROVED AFFILIATES THEREOF PURSUANT TO KRS CHAPTER 154, SUBCHAPTER 32 (AMENDMENT BY SUBSTITUTION).
Sponsors: Anthony Piagentini (R-19), David Yates (D-25)
Attachments: 1. R-174-19 V.2 012820 CABS Local Incentives for RXCrossroads.pdf, 2. R-174-19 MARKED AMENDMENTS FOR REVIEW ONLY - RXC Local Tax Participation.pdf, 3. R-174-19 PROPOSED CABS 012820 Local Incentives for RXCrossroads.pdf, 4. R-174-19 V.1 121219 Local Incentives for RXCrossroads.pdf, 5. RXC Acquisition Company dba RXCrossroads- KEDFA Prelim April 28, 2016.pdf, 6. RXC Acquisition Company dba RXCrossroads- Lousiville Metro support letter.pdf, 7. RES 010 2020.pdf
RESOLUTION NO. , SERIES 2020
title
A RESOLUTION APPROVING THE GRANTING OF LOCAL INCENTIVES TO RXC ACQUISTION COMPANY DBA RXCROSSROADS AND ANY SUBSEQUENT ASSIGNEES OR APPROVED AFFILIATES THEREOF PURSUANT TO KRS CHAPTER 154, SUBCHAPTER 32 (AMENDMENT BY SUBSTITUTION).
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SPONSORED BY: COUNCIL MEMBERS PIAGENTINI AND YATES

WHEREAS, the Legislative Council of the Louisville/Jefferson County Metro Government (the "Council") finds that it is a legitimate public purpose of the Louisville/Jefferson County Metro Government ("Metro") to undertake activities for the purpose of attracting and retaining jobs for residents of this community;
WHEREAS, the Kentucky General Assembly in 2009 enacted KRS 154.32-010 to 154.32-100 (the "Act") establishing the Kentucky Business Investment Program (the "KBI Program") for the purpose of encouraging the development and expansion of the service and technology industry in Kentucky;
WHEREAS, the KBI Program provides state incentives to businesses which locate or expand in the Commonwealth, including regional or national headquarters, thus creating and preserving jobs for Kentuckians;
WHEREAS, the KBI Program encourages local governments to participate in these incentives for businesses within their jurisdictions;
WHEREAS, the Council finds that offering the local incentives authorized by KBI Program for the purpose of attracting and retaining businesses is in furtherance of the public purposes of Metro and will benefit Metro by creating new sources of tax revenue for the support of the public services provided by Metro; and

WHEREAS, Rxc Acquistion Company Dba Rxcrossroads has applied for the benefits authorized under the KBI Program to assist its expansion of existing operations to 5101 Jeff Commerce Drive, Louisville, KY.
NOW, THEREFORE, BE IT RESOLVED BY THE LEGISLATIVE COUNCIL OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT (THE COUNCIL) AS FOLLOWS:

SECTION I: That the Council doe...

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