Labor and Economic Development Committee

601 W. Jefferson Street Louisville Metro Government Louisville, KY 40202 Action Summary - Final Labor and Economic Development Committee Chair Person Cheri Bryant Hamilton (D-5) Vice Chair Stuart Benson (R-20) Committee Member Pat Mulvihill (D-10) Committee Member Marianne Butler (D-15) Committee Member Robin Engel (R-22) Tuesday, May 31, 2016 4:00 PM Council Chambers Call to Order Chair Person Hamilton called the meeting to order at 4:03 p.m. Roll Call Chair Person Hamilton introduced the committee members and non-committee members present. A quorum was established. Committee Member Butler arrived at 4:07 p.m. Present: 5- Chair Person Cheri Bryant Hamilton (D-5), Committee Member Pat Mulvihill (D-10), Committee Member Marianne Butler (D-15), Vice Chair Stuart Benson (R-20), and Committee Member Robin Engel (R-22) Non-Committee Members Council Member Bill Hollander (D-9) Support Staff Paul Whitty, Jefferson County Attorney's Office Nick Lococo, Jefferson County Attorney's Office Clerk David B. Wagner, Assistant Clerk Louisville Metro Government Page 1 Labor and Economic Development Action Summary - Final May 31, 2016 Committee Special Discussion 1. ID 16-644 Public Hearing pursuant to KRS 65.7051 on the Development Plan for the Bradford Mills Development Area. Chair Person Hamilton opened the public hearing. With no one present to speak, Chair Person Hamilton closed the public hearing. 2. ID 16-645 Public Hearing pursuant to KRS 65.7051 on the Development Plan for the Heritage Green Development Area. Chair Person Hamilton opened the public hearing. With no one present to speak, Chair Person Hamilton closed the public hearing. Pending Legislation 3. O-154-16 AN ORDINANCE ESTABLISHING A DEVELOPMENT AREA PURSUANT TO PROVISIONS OF KRS 65.7041- 65.7083 TO BE KNOWN AS THE BRADFORD MILLS DEVELOPMENT AREA, DESIGNATING THE METRO DEVELOPMENT AUTHORITY, INC. AS AN "AGENCY", ADOPTING A DEVELOPMENT PLAN, APPROVING ENTERING INTO A LOCAL PARTICIPATION AGREEMENT, AUTHORIZING THE PAYMENT OF THE "RELEASED AMOUNT" PURSUANT TO THE TERMS AND CONDITIONS OF THE LOCAL PARTICIPATION AGREEMENT, REQUIRING THE SUBMISSION OF REGULAR REPORTS TO LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT AND AUTHORIZING THE EXECUTION AND DELIVERY OF ANY OTHER DOCUMENTS AND THE TAKING OF ANY OTHER ACTIONS NECESSARY TO ACCOMPLISH THE PURPOSES AUTHORIZED BY THIS ORDINANCE. Sponsors:Primary Pat Mulvihill (D-10) Attachments: O-154-16 ATTACH EXHIBIT A DEVELOPMENT PLAN O-154-16 ATTACH EXHIBIT B LOCAL PARTICIPATION AGREEMENT O-154-16 ATTACH EXHIBIT C MAP 053116 Bradford Mills Rental Amounts A motion was made by Vice Chair Benson, seconded by Committee Member Mulvihill, that the Ordinance be recommended for approval. Jeff Mosley, Louisville Forward, and Justin Brown, The Marian Group, spoke to the item. The motion carried by the following vote and the Ordinance was sent to the Consent Calendar: Louisville Metro Government Page 2 Labor and Economic Development Action Summary - Final May 31, 2016 Committee Yes: 5- Hamilton, Mulvihill, Butler, Benson, and Engel 4. O-161-16 AN ORDINANCE ESTABLISHING A DEVELOPMENT AREA PURSUANT TO PROVISIONS OF KRS 65.7041- 65.7083 TO BE KNOWN AS THE HERITAGE GREEN DEVELOPMENT AREA, DESIGNATING THE METRO DEVELOPMENT AUTHORITY, INC. AS AN "AGENCY", ADOPTING A DEVELOPMENT PLAN, APPROVING ENTERING INTO A LOCAL PARTICIPATION AGREEMENT, AUTHORIZING THE PAYMENT OF THE "RELEASED AMOUNT" PURSUANT TO THE TERMS AND CONDITIONS OF THE LOCAL PARTICIPATION AGREEMENT, REQUIRING THE SUBMISSION OF REGULAR REPORTS TO LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT AND AUTHORIZING THE EXECUTION AND DELIVERY OF ANY OTHER DOCUMENTS AND THE TAKING OF ANY OTHER ACTIONS NECESSARY TO ACCOMPLISH THE PURPOSES AUTHORIZED BY THIS ORDINANCE. Sponsors:Primary Dan Johnson (D-21) Attachments: Heritage Green - TIF Development Plan - Final Heritage Green Map Heritage GreenTIF - Local Participation Agreement v3 A motion was made by Committee Member Butler, seconded by Committee Member Mulvihill, that the Ordinance be recommended for approval. Jeff Mosley, Louisville Forward, and Robert Astorino, Heritage Green Partners, spoke to the item. The motion carried by the following vote and the Ordinance was sent to the Consent Calendar: Yes: 5- Hamilton, Mulvihill, Butler, Benson, and Engel Louisville Metro Government Page 3 Labor and Economic Development Action Summary - Final May 31, 2016 Committee 5. O-158-16 AN ORDINANCE OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, KENTUCKY, (I) AUTHORIZING THE ISSUANCE OF ITS HEALTH SYSTEM REVENUE BONDS, SERIES 2016 (NORTON HEALTHCARE, INC.) IN ONE OR MORE SERIES IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $725,000,000, THE PROCEEDS OF WHICH SHALL BE LOANED TO NORTON HEALTHCARE, INC. AND NORTON HOSPITALS, INC. TO (A) PAY OR REIMBURSE NORTON HEALTHCARE, INC. AND NORTON HOSPITALS, INC. FOR THE COSTS OF ACQUIRING, CONSTRUCTING, RENOVATING AND EQUIPPING CERTAIN HEALTH CARE FACILITIES OF NORTON HEALTHCARE, INC. AND CERTAIN AFFILIATES, AND (B) REFUND AND RETIRE CERTAIN OUTSTANDING INDEBTEDNESS, AND (II) TAKING OTHER RELATED ACTION. Sponsors:Primary Cheri Bryant Hamilton (D-5) and Primary Pat Mulvihill (D-10) Attachments: Exhibit A1 - Form of Indenture (Series 2016A) Exhibit A2- Form of Indenture (Series 2016 B-C) Exhibit B1 - Form of Loan Agreement (2016A) Exhibit B2 - Form of Loan Agreement (2016B-C) Exhibit C1 - Form of Bond Purchase Agreement (2016A) Exhibit C2 - Form of Bond Purchase Agreement (2016B-C) 0531616 Norton Healthcare 2016 Plan of Finance A motion was made by Committee Member Butler, seconded by Committee Member Engel, that the Ordinance be recommended for approval. Helena Schulz and Doug Winkelhake, Norton Healthcare, spoke to the item. The motion carried by the following vote and the Ordinance was sent to the Consent Calendar: Yes: 5- Hamilton, Mulvihill, Butler, Benson, and Engel 6. R-61-16 A RESOLUTION APPROVING THE GRANTING OF LOCAL INCENTIVES TO M&M CARTAGE, AND ANY SUBSEQUENT ASSIGNEES OR APPROVED AFFILIATES THEREOF PURSUANT TO KRS CHAPTER 154, SUBCHAPTER 32. Sponsors:Primary Cheri Bryant Hamilton (D-5) Attachments: M & M Cartage Co., Inc. Louisville support letter This item remained held. Louisville Metro Government Page 4 Labor and Economic Development Action Summary - Final May 31, 2016 Committee 7. R-65-16 A RESOLUTION APPROVING THE GRANTING OF LOCAL INCENTIVES TO TPUSA, INC., AND ANY SUBSEQUENT ASSIGNEES OR APPROVED AFFILIATES THEREOF PURSUANT TO KRS CHAPTER 154, SUBCHAPTER 32. Sponsors:Primary Cheri Bryant Hamilton (D-5) Attachments: TPUSA, Inc. KEDFA preliminary board report TPUSA, Inc. Louisville Metro's support letter This item remained held. Adjournment Without objection, Chair Person Hamilton adjourned the meeting at 4:54 PM. *NOTE: Items sent to the Consent Calendar or Old Business will be heard before the full Council at the Metro Council Meeting on June 9, 2016. Louisville Metro Government Page 5