RESOLUTION NO.______, SERIES 2020
TITLE
A RESOLUTION APPROVING THE BUDGET AND ECONOMIC IMPROVEMENT PLANS FOR THE LOUISVILLE DOWNTOWN MANAGEMENT DISTRICT FOR THE PERIOD JANUARY 1, 2021 THROUGH DECEMBER 31, 2021.
BODY
SPONSORED BY: COUNCIL MEMBER DAVID YATES
WHEREAS, the Louisville Downtown Management District ("District") is established pursuant to LMCO Chapter 160, Section 160.01-160.98 ("Ordinance") which provides for the financing of economic improvements that specifically benefit privately-owned property within the District;
WHEREAS, the Board of Directors for the District has developed a budget for the period from January 1, 2021 through December 31, 2021 ("Budget") and economic improvement plans ("Plans") as required by the Ordinance;
WHEREAS, the Board of Directors has submitted the Budget and Plans as attached hereto as Exhibit A; and
WHEREAS, a public hearing to solicit comments must be held prior to approval of the budget;
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 Budget and Plan.
SECTION II: That the Budget and Plan are approved as attached.
SECTION III: That this body directs the Board of Directors of the District to publish the Budget and the Plan pursuant to KRS Chapter 424.
SECTION IV: That this resolution shall take effect upon its passage and approval.
_______________________________ _____________________________
Sonya Harward David James
Metro Council Clerk President of the Council
________________________________ _____________________________
Greg Fischer Approval Date
Mayor
APPROVED AS TO FORM AND LEGALITY:
Michael J. O'Connell
Jefferson County Attorney
By: ___________________________
R-128-20 Res Approving Budget Downtown Management District JDF 101520
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