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 Keisha Dorsey (D-3) Committee Member Barbara Sexton Smith (D-4) Committee Member Paula McCraney (D-7) Committee Member Pat Mulvihill (D-10) Committee Member Rick Blackwell (D-12) Committee Member Cindi Fowler (D-14) Committee Member Scott Reed (R-16) Committee Member Markus Winkler (D-17) Committee Member Marilyn Parker (R-18) Thursday, October 31, 2019 4:00 PM Council Chambers THIS IS CONSIDERED A SPECIAL MEETING Call to Order Chair Person Hollander called the meeting to order at 4:08 p.m. Roll Call Chair Person Hollander introduced the committee members and non-committee members present. A quorum was established. Committee Member Reed arrived at 4:14 p.m. Committee Member Fowler left at 5:04 p.m. Present: 10 - Chair Person Bill Hollander (D-9), Vice Chair Kevin Kramer (R-11), Committee Member Keisha Dorsey (D-3), Committee Member Barbara Sexton Smith (D-4), Committee Member Paula McCraney (D-7), Committee Member Pat Mulvihill (D-10), Committee Member Rick Blackwell (D-12), Committee Member Cindi Fowler (D-14), Committee Member Scott Reed (R-16), and Committee Member Marilyn Parker (R-18) Excused: 1- Committee Member Markus Winkler (D-17) Non-Committee Member(s) Council President David James (D-6) and Council Member Kevin Triplett (D-15) Support Staff Sean Dennis, Jefferson County Attorney's Office Jason Fowler, Jefferson County Attorney's Office LaTonya Bell, Metro Council Finance Clerk(s) David B. Wagner, Assistant Clerk Connie Dearing, Assistant Clerk Louisville Metro Government Page 1 Budget Committee Action Summary - Final October 31, 2019 Special Discussion 1. ID 19-1810 Update on Sale of Louisville Metro General Obligation Bonds - Daniel Frockt, Office of Management and Budget Attachments: 103119 Council Update on Bond Issuance 10-31-19.pdf The following spoke to the item: - Daniel Frockt, Office of Management and Budget, who also gave a presentation - Committee Member Parker - Committee Member Sexton Smith - Chair Person Hollander - Vice Chair Kramer - Committee Member Mulvihill Pending Legislation Louisville Metro Government Page 2 Budget Committee Action Summary - Final October 31, 2019 2. O-364-19 AN ORDINANCE APPROVING A FORGIVABLE LOAN PURSUANT TO LOUISVILLE METRO CODE OF ORDINANCES § 39.131, TO HC RUSSELL NEIGHBORHOOD LIMITED PARTNERSHIP AND APPROVING A MODIFICATION OF LOAN PURSUANT TO LOUISVILLE METRO CODE OF ORDINANCES § 39.131, TO RUSSELL NEIGHBORHOOD LIMITED PARTNERSHIP FKA RUSSELL NEIGHBORHOOD LIMITED PARTNERSHIP-WALNUT, FOR THE RENOVATION AND IMPROVEMENT OF THE MULTI-PHASE MULTI-FAMILY PROJECT ENTITLED CITY VIEW PARK - ACORN AND WALNUT (AS AMENDED). Sponsors:Primary Barbara Sexton Smith (D-4) and Primary Bill Hollander (D-9) Attachments: O-364-19 V.2 CAM 103119 Forgivable Loan for Renovation of City View Park - Acorn and Walnut.pdf O-364-19 PROPOSED CAM 103119 Loan Forgiveness to HC Russell LP for City View Park - Acorn Project Amended jf 102919.pdf O-364-19 V.1 102419 Forgivable Loan for Renovation of City View Park - Acorn and Walnut .pdf O-364-19 V.1 ATTACH City Veiw Park Agreement.pdf A motion was made by Committee Member Fowler, seconded by Committee Member Dorsey, that this Ordinance be recommended for approval. Marilyn Harris, Office of Housing, and Committee Member Sexton Smith spoke to the item. A motion was made by Committee Member Sexton Smith, seconded by Committee Member Blackwell, that this Ordinance be amended as follows: - Strike through "2.21%" in Section II on Page 2 - Insert "the Applicable Federal Rate (AFR) in effect on the date of City View Park – Acorn loan’s closing" in Section II on Page 2 - Strike "principal" in Section II on Page 2 The motion carried by a voice vote. Committee Member Parker spoke to the item. The motion carried by the following vote and the amended Ordinance was sent to Old Business: Yes: 10 - Hollander, Kramer, Dorsey, Sexton Smith, McCraney, Mulvihill, Blackwell, Fowler, Reed, and Parker Excused: 1- Winkler Louisville Metro Government Page 3 Budget Committee Action Summary - Final October 31, 2019 3. O-365-19 AN ORDINANCE APPROVING A FORGIVABLE LOAN PURSUANT TO LOUISVILLE METRO CODE OF ORDINANCES §39.131, TO REBOUND, INC. FOR THE RENOVATION AND IMPROVEMENT OF A DUPLEX LOCATED AT 403/405 DR. W.J. HODGE STREET. Sponsors:Primary Barbara Sexton Smith (D-4) and Primary Bill Hollander (D-9) Attachments: O-365-19 V.1 102419 Forgivable Loan to Rebound Inc.pdf O-365-19 V.1 102419 ATTACH Forgivable Loan to .pdf A motion was made by Committee Member Fowler, seconded by Committee Member Reed, that this Ordinance be recommended for approval. The following spoke to the item: - Marilyn Harris, Office of Housing - Committee Member Parker - Committee Member Sexton Smith - Committee Member McCraney - Committee Member Fowler - Jeff O'Brien, Develop Louisville - Committee Member Dorsey The motion carried by the following vote and the Ordinance was sent to the Consent Calendar: Yes: 10 - Hollander, Kramer, Dorsey, Sexton Smith, McCraney, Mulvihill, Blackwell, Fowler, Reed, and Parker Excused: 1- Winkler Louisville Metro Government Page 4 Budget Committee Action Summary - Final October 31, 2019 4. O-367-19 AN ORDINANCE APPROVING A FORGIVABLE LOAN PURSUANT TO LOUISVILLE METRO CODE OF ORDINANCES § 39.131, TO THE COMMUNITY FOUNDATION OF LOUISVILLE, INC. ON BEHALF OF RUSSELL: A PLACE OF PROMISE AND REBOUND, INC. FOR THE DEVELOPMENT OF EIGHT UNITS OF MARKET RATE HOUSING IN THE RUSSELL NEIGHBORHOOD. Sponsors:Primary Barbara Sexton Smith (D-4) and Primary Bill Hollander (D-9) Attachments: O-367-19 V.1 102419 Forgivable Loan to The Lou Foundation Russell.pdf A motion was made by Committee Member Dorsey, seconded by Committee Member Mulvihill, that this Ordinance be recommended for approval. The following spoke to the item: - Marilyn Harris, Office of Housing - Committee Member Sexton Smith - Chair Person Hollander - Committee Member Dorsey - Theresa Zawacki, Russell: A Place of Promise and Rebound, Inc. - Anthony Smith, Cities United The motion carried by the following vote and the Ordinance was sent to the Consent Calendar: Yes: 10 - Hollander, Kramer, Dorsey, Sexton Smith, McCraney, Mulvihill, Blackwell, Fowler, Reed, and Parker Excused: 1- Winkler 5. O-339-19 AN ORDINANCE AMENDING CHAPTER XX OF THE LOUISVILLE METRO CODE OF ORDINANCES BY CREATING A NEW SECTION REGARDING THE MOTOR VEHICLE RENTAL LICENSE FEE. Sponsors:Primary Bill Hollander (D-9), Primary Brent Ackerson (D-26), Primary Markus Winkler (D-17) and Primary David James (D-6) Attachments: O-339-19 V.1 101019 Creating LMCO Section for Motor Vehicle Rental License Fee.pdf O-106-19 V.2 082919 Amending LMCO XX for New Section for Motor Vehicle Rental License Fee.pdf This item was held in committee. Adjournment Without objection, Chair Person Hollander adjourned the meeting at 5:05 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 November 7, 2019. Louisville Metro Government Page 5