79.
AN INDUCEMENT RESOLUTION OF THE 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:
76.
AN ORDINANCE (A) AMENDING THE LOUISVILLE ARENA ZONE TO
REMOVE THE NEW DEVELOPMENT AREA, (B) ESTABLISHING A
NEW DEVELOPMENT AREA PURSUANT TO PROVISIONS OF KRS
65.490- 65.499 TO BE KNOWN AS THE BASEBALL NEW
DEVELOPMENT AREA, APPROVING ENTERING INTO TWO GRANT
CONTRACTS, AUTHORIZING THE PAYMENT OF THE "RELEASED
AMOUNT" PURSUANT TO THE TERMS AND CONDITIONS OF THE
GRANT CONTRACTS, REQUIRING THE SUBMISSION OF REGULAR
REPORTS TO LOUISVILLE/JEFFERSON COUNTY METRO
GOVERNMENT AND AUTHORIZING THE EXECUTION AND DELIVERY
OF ANY OTHER DOCUMENTS AND THE TAKING OF ANY OTHER
ACTIONS NECESSARY TO ACCOMPLISH THE PURPOSES
AUTHORIZED BY THIS ORDINANCE.
Sponsors:
Primary Ken Herndon (D-4)
Attachments:
