Budget Committee

601 W. Jefferson Street Louisville Metro Government Louisville, KY 40202 Action Summary - Final Budget Committee Chair Person Bill Hollander (D-9) Vice Chair Kevin Kramer (R-11) Committee Member Mary C. Woolridge (D-3) Committee Member Cheri Bryant Hamilton (D-5) Committee Member Angela Leet (R-7) Committee Member Rick Blackwell (D-12) Committee Member Cindi Fowler (D-14) Committee Member Marianne Butler (D-15) Committee Member Scott Reed (R-16) Committee Member Marilyn Parker (R-18) Committee Member Brent Ackerson (D-26) Thursday, March 29, 2018 4:30 PM Council Chambers Call to Order Chair Person Hollander called the meeting to order at 4:34 PM. Roll Call Chair Person Hollander introduced the committee members and non-committee members present. A quorum was established. Vice-Chair Kramer arrived at 4:41 PM. Present: 9 - Chair Person Bill Hollander (D-9), Vice Chair Kevin Kramer (R-11), Committee Member Mary C. Woolridge (D-3), Committee Member Rick Blackwell (D-12), Committee Member Cindi Fowler (D-14), Committee Member Marianne Butler (D-15), Committee Member Scott Reed (R-16), Committee Member Marilyn Parker (R-18), and Committee Member Brent Ackerson (D-26) Excused: 2 - Committee Member Cheri Bryant Hamilton (D-5), and Committee Member Angela Leet (R-7) Non-Committee Member(s) Council Member Barbara Sexton Smith (D-4) Support Staff Sarah Martin, Jefferson County Attorney's Office LaTonya Bell, Metro Council Finance Clerk(s) Lisa Franklin Gray, Assistant Clerk David Wagner, Assistant Clerk Louisville Metro Government Page 1 Budget Committee Action Summary - Final March 29, 2018 Special Discussion Chair Person Hollander discussed the schedule for the Mayor's Budget address. Pending Legislation 1. O-063-18 AN ORDINANCE AMENDING ORDINANCE NO. 115, SERIES 2017 AND ORDINANCE NO. 114, SERIES 2017 RELATING TO THE FISCAL YEAR 2017-18 CAPITAL AND OPERATING BUDGETS, RESPECTIVELY, BY TRANSFERRING $7,000 FROM THE CAPITAL INFRASTRUCTURE FUND (DISTRICT 6) TO THE NEIGHBORHOOD DEVELOPMENT FUND (DISTRICT 6) AND BY TRANSFERRING $7,000 FROM THE NEIGHBORHOOD DEVELOPMENT FUND (DISTRICT 6) TO LOUISVILLE METRO COUNCIL GENERAL OPERATIONS (DISTRICT 6). Sponsors:Primary David James (D-6) Attachments: O-063-18 V. 1 032218 D6 Budget Transfers.pdf ORD 045 2018.pdf A motion was made by Committee Member Butler seconded by Committee Member Fowler, that this Ordinance be recommended for approval. The motion carried by the following vote and the Ordinance was sent to the Consent Calendar: Yes: 8- Hollander, Woolridge, Blackwell, Fowler, Butler, Reed, Parker, and Ackerson Excused: 2- Hamilton, and Leet Absent: 1- Kramer Louisville Metro Government Page 2 Budget Committee Action Summary - Final March 29, 2018 2. O-065-18 AN ORDINANCE AMENDING ORDINANCE NO. 115, SERIES 2017 AND ORDINANCE NO.114, SERIES 2017 RELATING TO THE FISCAL YEAR 2017-18 CAPITAL AND OPERATING BUDGETS, RESPECTIVELY, BY TRANSFERRING $40,000 FROM THE CAPITAL INFRASTRUCTURE FUND (DISTRICT 5) TO THE NEIGHBORHOOD DEVELOPMENT FUND (DISTRICT 5) AND BY TRANSFERRING $13,000 FROM THE NEIGHBORHOOD DEVELOPMENT FUND (DISTRICT 5) TO DEVELOP LOUISVILLE SUPPORTING METRO HOUSING RESOURCE CENTER CONTRACTUAL EXPENSES. Sponsors:Primary Cheri Bryant Hamilton (D-5) Attachments: O-065-18 V. 1 032218 D5 Budget Transfers.pdf ORD 046 2018.pdf A motion was made by Committee Member Woolridge, seconded by Committee Member Butler, that this Ordinance be recommended for approval. LaTonya Bell spoke to the item. The motion carried by the following vote and the Ordinance was sent to the Consent Calendar: Yes: 9- Hollander, Kramer, Woolridge, Blackwell, Fowler, Butler, Reed, Parker, and Ackerson Excused: 2- Hamilton, and Leet 3. O-440-17 AN ORDINANCE AMENDING SECTION 50.24 OF THE LOUISVILLE METRO CODE OF ORDINANCES (LMCO) TO INCREASE THE DEBT SERVICE ADJUSTMENT FROM SEVEN PERCENT (7%) TO TEN PERCENT (10%) FOR A CERTAIN PERIOD OF TIME. Attachments: O-440-17 V.1 113017 Sect 50.24 Increase Debt Service to 10%.pdf O-440-17 PROPOSED CABS Sect 50.24 Increase Debt Service to 10%.pdf 031518 3-12-2018budgetcommitteepkg.pdf 030118 MSD Metrocouncilpresentationbudgetcommittee.pdf This item was held in Committee. Adjournment Without objection, Chair Person Hollander adjourned the meeting at 4:41 PM. *NOTE: Items sent to the Consent Calendar or Old Business will be heard before the full Council at the Metro Council Meeting on April 12, 2018. Louisville Metro Government Page 3