AN INDUCEMENT RESOLUTION OF THE
33.
LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT (THE
“ISSUER”) AUTHORIZING THE EXECUTION OF A
MEMORANDUM OF AGREEMENT BETWEEN THE ISSUER AND
MGI LOUISVILLE, LLC, ITS AFFILIATES AND ASSIGNS
(COLLECTIVELY, THE “COMPANY”) RELATING TO THE
ACQUISITION, CONSTRUCTION, EQUIPPING AND
INSTALLATION OF FACILITIES AT 501-504 AND 503 FRANKLIN
STREET, UNADDRESSED E. WITHERSPOON STREET (PARCEL
ID NO. 18D-0025-0000), UNADDRESSED FRANKLIN STREET
(PARCEL ID NO. 18E-0020-0000), UNADDRESSED FRANKLIN
STREET (PARCEL ID NO. 18E-0064-0000), UNADDRESSED
JACKSON STREET (PARCEL ID NO. 18E-0016-0000),
UNADDRESSED JACKSON STREET (PARCEL ID NO.
18E-0063-0000), 501 E. MAIN STREET, 300-304 JACKSON
STREET, AND 100 N. HANCOCK STREET, LOUISVILLE,
KENTUCKY, INCLUDING the acquisition, construction, equipping
and installation of (I) between 225 and 300 multi-family dwelling
units; (ii) a parking structure to support the residential units,
containing approximately 89 parking spaces; (iii) a hotel containing
between 134 and 180 rooms; (iv) between 38,800 and 50,000
square feet of office space; (v) between 18,000 and 22,000 square
feet of retail space; (vi) a garage to be owned and operated by
PARC containing no fewer than 575 parking spaces; AND (vii) other
public infrastructure improvements (THE “PROJECT”); AGREEING
TO UNDERTAKE THE ISSUANCE OF ONE OR MORE SERIES OF
INDUSTRIAL BUILDING REVENUE BONDS AT THE
APPROPRIATE TIME TO FINANCE THE COSTS OF ACQUIRING,
CONSTRUCTING, EQUIPPING AND INSTALLING SAID
FACILITIES; AND TAKING OTHER PRELIMINARY ACTION.
Sponsors:
Primary Ken Herndon (D-4)
Attachments: