Louisville Metro Government  
Action Summary - Final  
Labor and Economic Development  
Committee  
Chair Keisha Dorsey (D-3)  
Vice Chair Robin Engel (R-22)  
Committee Member Donna L. Purvis (D-5)  
Committee Member Pat Mulvihill (D-10)  
Committee Member Kevin Kramer (R-11)  
Committee Member Amy Holton Stewart (D-25)  
Committee Member Brent Ackerson (D-26)  
Tuesday, June 14, 2022  
3:00 PM  
Council Chambers/Virtual  
THIS MEETING IS BEING HELD VIA VIDEO TELECONFERENCE  
Call to Order  
Roll Call  
Vice Chair Engel called the meeting to order at 3:05 p.m.  
Vice Chair Engel introduced the committee members and non-committee  
members present. A quorum was established.  
Note: All committee members and non-committee members present attended  
virtually, except for Vice Chair Engel, Council Member Bowens, Committee  
Member Kramer, and Committee Member Ackerson, who attended in  
Chambers.  
6 -  
Present:  
Committee Member Donna L. Purvis (D-5), Committee Member Pat Mulvihill (D-10),  
Committee Member Kevin Kramer (R-11), Vice Chair Robin Engel (R-22),  
Committee Member Amy Holton Stewart (D-25), and Committee Member Brent  
Ackerson (D-26)  
1 - Chair Keisha Dorsey (D-3)  
Excused:  
Non-Committee Member(s)  
Council Member Angela Bowens (D-1)  
Support Staff  
Clerk(s)  
Laura Ferguson, Jefferson County Attorney's Office  
Jason Fowler, Jefferson County Attorney's Office  
Olivia Bennett, Assistant Clerk  
Sonya Harward, Clerk  
Pending Legislation  
O-180-22  
1.  
AN ORDINANCE OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT  
(THE “ISSUER”) AUTHORIZING THE ISSUANCE OF BONDS IN THE AGGREGATE  
PRINCIPAL AMOUNT NOT TO EXCEED $119,000,000 AND DENOMINATED  
LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT INDUSTRIAL BUILDING  
REVENUE BONDS (BOYD REAL PROPERTY, LLC PROJECT), SERIES 2022 (THE  
“BONDS”); APPROVING AND AUTHORIZING THE EXECUTION AND DELIVERY OF (i) A  
TRUST INDENTURE (THE “INDENTURE”), BETWEEN THE ISSUER AND U.S. BANK  
TRUST COMPANY, NATIONAL ASSOCIATION, AS TRUSTEE (THE “TRUSTEE”)  
SECURING THE BONDS, (ii) A LEASE AGREEMENT, BY AND BETWEEN THE ISSUER  
AND BOYD REAL PROPERTY, LLC (THE “LESSEE”), (iii) A BOND PURCHASE  
AGREEMENT, BY AND AMONG THE ISSUER, THE LESSEE AND BOYD COMPANY (THE  
“BOND PURCHASER”), (iv) AN IN-LIEU OF TAX PAYMENTS AGREEMENT, BY AND  
BETWEEN THE ISSUER AND THE LESSEE, (v) A HOME OFFICE PAYMENTS  
AGREEMENT, BY AND AMONG THE ISSUER, THE TRUSTEE, THE LESSEE AND THE  
BOND PURCHASER, AND (vi) ANY AND ALL OTHER RELATED DOCUMENTS; AND  
THE TAKING OF OTHER RELATED ACTION (AS AMENDED).  
Primary Angela Bowens (D-1)  
Sponsors:  
Attachments:  
O-180-22 V.2 CAM 061422 Revenue Bond for Boyd Co.pdf  
O-180-22 ATTACH EXHIBIT A - Lease_Agreement_(Boyd_2022).pdf  
O-180-22 ATTACH EXHIBIT B - Trust_Indenture_(Boyd_2022).pdf  
O-180-22 ATTACH EXHIBIT C -  
Bond_Purchase_Agreement_(Boyd_2022).pdf  
O-180-22 ATTACH EXHIBIT D - PILOT Agreement - Boyd.pdf  
O-180-22 ATTACH EXHIBIT E -  
Home_Office_Payments_(Boyd_2022).pdf  
O-180-22 ATTACH EXHIBIT F - Memorandum of Understanding.pdf  
O-180-22 V.1 051922 Revenue Bond for Boyd Co.pdf  
Boyd Hollenbach Oakley Presentation for Labor and Economic  
Development Committee 05-31-22 (1).pdf  
A motion was made by Committee Member Purvis, seconded by Committee  
Member Holton Stewart, that this Resolution be untabled.  
The following spoke to this item:  
- Vice Chair Engel  
- Jeff Mosley, Hollenbach-Oakely  
- Laura Ferguson, Jefferson County Attorney's Office ("JCAO")  
- Committee Member Purvis  
- Monty Boyd, The Boyd Company Inc.  
- Committee Member Kramer  
The following was discussed:  
- Hollenbach-Oakley, JCAO, Chair Dorsey and Council Member Bowens  
worked collaboratively to draft and finalize a Memorandum of Understanding  
("MOU") document  
- The MOU was briefly reviewed  
- The MOU has been agreed to by all parties but has not yet been executed  
- JCAO made a recommendation to amend the Ordinance to add a WHEREAS  
clause to include the MOU as an exhibit  
- Questions were asked regarding the number of jobs this agreement would  
provide to the community -- this agreement would allow for approximately  
1,000 new employees  
- The highlights of the presentation originally presented to the committee  
meeting on May 31, 2022 were briefly reviewed  
- Questions were asked regarding whether the number of 1,000 potential  
employees for hire came from the Boyd company only or the Boyd Company  
as well as the industrial tenants -- the 1,000 potential employees for hire is  
based on the square footage of the new building's construction  
- Questions were asked regarding whether the Boyd Company has any  
recruitment goals such as the number of minority, female, and disabled  
employees that the Boyd Company plans to hire -- this information was  
forwarded to the committee members -- the Boyd Company will meet the  
requirements of minority, female, and disabled employees and plan to hire  
any additional employees that meet the job qualifications  
- The Boyd Company will work with Louisville Forward to host job fairs to find  
employees within the community  
- Questions were asked regarding whether or not the Boyd Company has  
worked with the Louisville Urban League or Goodwill -- the Boyd Company  
has worked with these companies in the past but has not worked with them  
recently  
- Questions were asked regarding whether groundbreaking has taken place on  
the new building's construction -- the Boyd Company plans to start the  
groundbreaking process on the first phase of this project once all approvals for  
the project have been completed -- the Boyd Company has put out bids for  
Phase I of the project  
- Questions were asked for a better explanation of the phases and timelines  
necessary to complete this project -- Phase I is to open the new entrance off of  
Southwestern Parkway as well as add two new buildings; Phase II is to  
continue the connector road through the property from the entrance and add  
more buildings for an approximate total of 6-7 new buildings -- the timeline for  
this project is approximately 6-7 years  
- Questions were asked regarding the Boyd Company's involvement in giving  
back to the community in regards to a corporate/social responsibility policy --  
the Boyd Company budgets a certain percentage each year for contributions  
for education and non-profit organizations for human beings -- the Boyd  
Company does work with Metro United Way  
- Questions were asked regarding whether the Boyd Company could provide  
the company's contribution history to the committee -- the Boyd Company can  
provide this information to the committee  
- Clarification was asked regarding whether the MOU being added as an  
attachment would make that attachment part of the Ordinance -- there are  
attachments that go with the legislative record, and then there are documents  
specifically referenced as exhibit's to the Ordinance  
A motion was made by Committee Member Kramer, seconded by Committee  
Member Mulvihill, that this Ordinance be amended as shown in the attached  
document titled: "O-180-22 V.2 CAM 061422 Revenue Bond for Boyd Co.pdf".  
Committee Member Ackerson spoke to the proposed amendment.  
The following was discussed:  
- Questions were asked regarding whether it would be easier to include  
language into the Ordinance that states that the MOU is incorporated by  
reference -- this is an option and examples were provided.  
The motion to amend carried by a voice vote.  
The motion to approve carried by the following vote and the amended  
Ordinance was sent to Old Business:  
7 - Purvis, Mulvihill, Kramer, Engel, Holton Stewart, Ackerson, and Bowens  
1 - Dorsey  
Yes:  
Excused:  
R-077-22  
2.  
A RESOLUTION APPROVING THE GRANTING OF LOCAL INCENTIVES TO DISTILLED  
SPIRITS EPICENTER, LLC AND ANY SUBSEQUENT ASSIGNEES OR APPROVED  
AFFILIATES THEREOF PURSUANT TO KRS CHAPTER 154, SUBCHAPTER 32.  
Primary David James (D-6)  
Sponsors:  
Attachments:  
R-077-22 V.1 060922 Local Incentives for Distilled Spirits  
Epicenter.pdf  
Distilled Spirits Epicenter - Local Support ltr 6-21-2017.pdf  
Distilled Spirits Epicenter, LLC - KBI Board Report - Prelim - June 29  
2017.pdf  
A motion was made by Committee Member Kramer, seconded by Committee  
Member Purvis, that this Resolution be recommended for approval.  
The following spoke to this item:  
- Vice Chair Engel  
- Sara Bowman, Louisville Forward  
The following was discussed:  
- Distilled Spirits Epicenter is seeking approval for incentives that were  
originally approved in 2017 for their expansion project  
- Distilled Spirits Epicenter is an educational distillery located at 801 S. 8th  
Street in Council District 6  
- In 2012 Distilled Spirits Epicenter began operation and now have a need to  
build a new building on their beverage campus to expand the company's  
spirits blending and bottling operations  
- This new building will be located at the corner of S. 7th Street and Cawthon  
Street  
- Distilled Spirits Epicenter held their groundbreaking in Fall of 2021 and  
started the projects construction on the new building June 2022 -- Distilled  
Spirits Epicenter is moving forward with their $2M investment project  
- Distilled Spirits Epicenter planned to hire 20 full-time employees and now  
have approximately 30 full-time employees -- the job positions within Distilled  
Spirits Epicenter pay an average hourly wage of approximately $20.00 an hour  
- Questions were asked regarding what an educational distillery is -- this is a  
fully operated distillery, they do not create their own brands -- this business  
solely serves the spirit industry and those who might want to get involved in  
the spirit industry, other examples were provided  
The motion carried by a voice vote and the Resolution was sent to the Consent  
Calendar.  
Adjournment  
Without objection, Vice Chair Engel adjourned the meeting at 3:34 p.m.  
Note: Items sent to the Consent Calendar or Old Business will be heard before the full Council at  
the Metro Council meeting on June 23, 2022.