Budget Committee

601 W. Jefferson Street Louisville Metro Government Louisville, KY 40202 Action Summary - Tentative 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, July 19, 2018 4:30 PM Council Chambers Call to Order Chair Person Hollander called the meeting to order at 4:32 PM. Roll Call Chair Person Hollander introduced the committee members present. A quorum was established. Present: 7- Chair Person Bill Hollander (D-9), Committee Member Mary C. Woolridge (D-3), Committee Member Cheri Bryant Hamilton (D-5), Committee Member Cindi Fowler (D-14), Committee Member Scott Reed (R-16), Committee Member Marilyn Parker (R-18), and Committee Member Brent Ackerson (D-26) Excused: 3- Committee Member Angela Leet (R-7), Committee Member Rick Blackwell (D-12), and Committee Member Marianne Butler (D-15) Absent: 1- Vice Chair Kevin Kramer (R-11) Support Staff Sean Dennis, Jefferson County Attorney's Office LaTonya Bell, Metro Council Finance Clerk H. Stephen Ott, CKMC Louisville Metro Government Page 1 Budget Committee Action Summary - Tentative July 19, 2018 Pending Legislation 1. R-111-18 A RESOLUTION AUTHORIZING THE MAYOR TO ACCEPT DONATIONS TOTALING $23,000 FROM THE FOLLOWING ORGANIZATIONS: $20,000 FROM THE LOUISVILLE REGIONAL AIRPORT AUTHORITY, $1,000 FROM THE CITY OF KINGSLEY, $1,000 FROM THE CITY OF SENECA GARDENS, AND $1,000 FROM THE CITY OF STRATHMOOR VILLAGE FOR THE BOWMAN/TAYLORSVILLE NEIGHBORHOOD PLAN TO BE ADMINISTERED BY DEVELOP LOUISVILLE. Sponsors:Primary Brandon Coan (D-8) Attachments: R-111-18 V.1 062618 Res to Accept Donations from Lou. Reg. Airport Authority.pdf City of Kingsley.pdf Louisville Regional Airport Authority.pdf Seneca Gardens.pdf Strathmoor Village Letter.pdf A motion was made by Committee Member Woolridge, seconded by Committee Member Fowler, that this Resolution be recommended for approval. Chair Person Hollander spoke to the item. The motion carried by a voice vote and the Resolution was sent to the Consent Calendar. 2. R-115-18 (Pending Committee Amendments) RESOLUTION OF OFFICIAL INTENT OF THE LOUISVILLE/ JEFFERSON COUNTY METRO GOVERNMENT TO FINANCE THE ACQUISITION, CONSTRUCTION, RENOVATION AND IMPROVEMENT OF CERTAIN CAPITAL PROJECTS OF THE LOUISVILLE/ JEFFERSON COUNTY METRO GOVERNMENT AND ITS AGENCIES AND DEPARTMENTS FROM THE PROCEEDS OF ONE OR MORE PROPOSED ISSUES OF GENERAL OBLIGATION BONDS AND GENERAL OBLIGATION NOTES. Sponsors:Primary Bill Hollander (D-9) Attachments: R-115-18 V.1 062618 Res TO FINANCE THE ACQUISITION, CONSTRUCTION, RENOVATION AND IMPROVEMENT OF CERTAIN CAPITAL PROJECTS.pdf Reimbursement Resolution-1.docx A motion was made by Committee Member Woolridge, seconded by Committee Member Fowler, that this Resolution be recommended for approval. Daniel Frockt, Office of Management and Budget and LaTonya Bell, Metro Council Finance, spoke to the item. Louisville Metro Government Page 2 Budget Committee Action Summary - Tentative July 19, 2018 A motion was made by Committee Member Fowler, seconded by Committee Member Reed, that this Resolution be amended by inserting the following numbers: Section II, (a) "...anticipated aggregate principal amount of $80,882,149 of tax-exempt obligations and $2,000,000 of taxable obligations." Section II, (b) "...listed in Ordinance No. 109, Series 2018 of Louisville Metro enacted on June 26, 2018 (the "Capital Budget Ordinance"). The motion to amend carried by a voice vote. The motion to recommend for approval carried by a voice vote and the amended Resolution was sent to Old Business. 3. O-191-18 AN ORDINANCE AMENDING ORDINANCE NO. 102, SERIES 2016 RELATING TO THE FISCAL YEAR 2016-17 CAPITAL BUDGET AND ORDINANCE NO. 114, SERIES 2017 RELATING TO THE FISCAL YEAR 2017-18 OPERATING BUDGET BY TRANSFERRING $50,000 FROM THE CAPITAL INFRASTRUCTURE FUND (DISTRICT 3) TO THE NEIGHBORHOOD DEVELOPMENT FUND (DISTRICT 3). Sponsors:Primary Mary C. Woolridge (D-3) Attachments: O-191-18 V.1 062618 D3 Transfer $50k CIF to NDF.pdf A motion was made by Committee Member Woolridge, seconded by Committee Member Ackerson, that this Ordinance be recommended for approval. Committee Member Woolridge spoke to the item. The motion carried by the following vote and the Ordinance was sent to the Consent Calendar: Yes: 7- Hollander, Woolridge, Hamilton, Fowler, Reed, Parker, and Ackerson Excused: 3- Leet, Blackwell, and Butler Absent: 1- Kramer Louisville Metro Government Page 3 Budget Committee Action Summary - Tentative July 19, 2018 4. O-202-18 AN ORDINANCE AMENDING ORDINANCE NO. 114, SERIES 2017 AND ORDINANCE NO. 115, SERIES 2017 RELATING TO THE FISCAL YEAR 2017-18 OPERATING AND CAPITAL BUDGETS, RESPECTIVELY, BY TRANSFERRING $60,000 FROM THE NEIGHBORHOOD DEVELOPMENT FUND (DISTRICT 25) TO THE CAPITAL INFRASTRUCTURE FUND (DISTRICT 25). Sponsors:Primary David Yates (D-25) Attachments: O-202-18 V.1 062618 D25 Transfer $60k NDF to CIF.pdf A motion was made by Committee Member Woolridge, seconded by Committee Member Fowler, that this Ordinance be recommended for approval. Brian Boles, District 25 Legislative Assistant, spoke to the item. The motion carried by the following vote and the Ordinance was sent to the Consent Calendar: Yes: 7- Hollander, Woolridge, Hamilton, Fowler, Reed, Parker, and Ackerson Excused: 3- Leet, Blackwell, and Butler Absent: 1- Kramer Adjournment Without objection, Chair Person Hollander adjourned the meeting at 4:42 PM. *NOTE: Items sent to the Consent Calendar or Old Business will be heard before the full Council at the Metro Council Meeting on July 26, 2018. Louisville Metro Government Page 4