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, April 19, 2018 4:30 PM Council Chambers Call to Order Chair Person Hollander called the meeting to order at 4:33 PM. Roll Call Chair Person Hollander introduced the committee members present. A quorum was established. Committee Member Butler arrived at 4:36 PM and Committee Member Leet arrived at 4:42 PM. Present: 9- Chair Person Bill Hollander (D-9), 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), and Committee Member Marilyn Parker (R-18) Excused: 2- Vice Chair Kevin Kramer (R-11), and Committee Member Brent Ackerson (D-26) Support Staff Sarah Martin, Jefferson County Attorney's Office Clerk H. Stephen Ott, CKMC Louisville Metro Government Page 1 Budget Committee Action Summary - Final April 19, 2018 Pending Legislation 1. O-072-18 AN ORDINANCE AMENDING ORDINANCE NO. 114, SERIES 2017 RELATING TO THE FISCAL YEAR 2017-2018 OPERATING BUDGET, TO AMEND THE TRANSIT AUTHORITY OF RIVER CITY’S FISCAL YEAR 2017-2018 BUDGET. Sponsors:Primary Marianne Butler (D-15) Attachments: O-072-18 V. 1 041218 TARC FY18 Budget Amendment.pdf ORD 058 2018.pdf A motion was made by Committee Member Woolridge, seconded by Committee Member Fowler, that this Ordinance be recommended for approval. Barry Barker and Tonya Carter, Transit Authority of River City (TARC), spoke to the item and answered questions. The motion carried by the following vote and the Ordinance was sent to the Consent Calendar: 2. 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 remained Held in Committee. Adjournment Without objection, Chair Person Hollander adjourned the meeting at 4:51 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 26, 2018. Louisville Metro Government Page 2