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File #: R-108-20    Version: 1 Name:
Type: Resolution Status: Passed
File created: 8/14/2020 In control: Labor and Economic Development Committee
On agenda: 9/3/2020 Final action: 9/3/2020
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-108-20 V.1 082020 COMMONWEALTH ECONOMICS PARTNERS, LLC - $108,000.pdf, 2. Commonwealth's Economic Partners Agreement FY20 redacted.pdf, 3. RES 089 2020.pdf

RESOLUTION No. __________, Series 2020

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.

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Sponsored By: Council Member 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:

LOUISVILLE FORWARD

$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, 2020 through June 30, 2021.

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

 

 

_______________________________ Sonya Harward 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:  ____________________________

R-108-20 PSC 2021-xxxx Economic Development with Commonwealth Economics Partners LLC Resolution FY21 072420.doc [pr]