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, August 16, 2016 4:00 PM Council Chambers Call to Order Chair Person Hamilton called the meeting to order at 4:05 p.m. Roll Call Chair Person Hamilton introduced the committee members and non-committee members present. A quorum was established. 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), Council Member Kevin Kramer (R-11), and Council Member Kelly Downard (R-16) Support Staff Matt Golden, Jefferson County Attorney's Office Jon Baker, Jefferson County Attorney's Office Clerk David B. Wagner, Assistant Clerk Special Discussion 1. ID 16-1065 State Incentives - Lindsey Ransdell, Kentucky Cabinet for Economic Development Attachments: 081616 HANDOUT Financial Incentives Summary 081616 HANDOUT Cabinet for Economic Development Booklet - 2015 Annual Report Lindsey Ransdell, Kentucky Cabinet for Economic Development, spoke to the item and distributed two handouts (see attached). Louisville Metro Government Page 1 Labor and Economic Development Action Summary - Final August 16, 2016 Committee 2. ID 16-1064 Proposed amendment to the 2015-2019 Consolidated Plan, including the reprogramming of a 1995, $7 Million Section 108 loan guarantee to support the development of the West Louisville Foodport. - Theresa Zawacki and Laura Grabowski, Louisville Forward Attachments: 081616 Section 108 presentation 081616 HANDOUT Section 108 Loans Fact Sheet 081616 HANDOUT 2015-19_conplanamendment_072516 Theresa Zawacki and Laura Grabowski, Louisville Forward, spoke to the item, gave a presentation and distributed two handouts (see attached). Pending Legislation 3. R-99-16 A RESOLUTION APPROVING THE GRANTING OF LOCAL INCENTIVES TO CONFLUENT HEALTH, LLC, AND ANY SUBSEQUENT ASSIGNEES OR APPROVED AFFILIATES THEREOF PURSUANT TO KRS CHAPTER 154, SUBCHAPTER 32. Attachments: Confluent Health, LLC KEDFA board summary October 30, 2014 Confluent Health, LLC Louisville support letter A motion was made by Committee Member Butler, seconded by Vice Chair Benson, that this Resolution be recommended for approval. John Gant, Economic Development, spoke to the item. The motion carried by a voice vote and the Resolution was sent to the Consent Calendar. Louisville Metro Government Page 2 Labor and Economic Development Action Summary - Final August 16, 2016 Committee 4. O-280-16 AN ORDINANCE OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, KENTUCKY, AUTHORIZING THE ISSUANCE OF ITS TAXABLE REFUNDING REVENUE BONDS, SERIES 2016 (LOUISVILLE MEDICAL CENTER STEAM AND CHILLED WATER PLANT PROJECT) IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $8,500,000 FOR THE PURPOSES OF (A) REFUNDING THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, KENTUCKY, LOUISVILLE MEDICAL CENTER TAXABLE REVENUE BONDS, SERIES 2011, AND (B) PAYING COSTS OF ISSUANCE OF THE SERIES 2016 BONDS; AUTHORIZING THE EXECUTION AND DELIVERY OF A BOND TRUST INDENTURE, LOAN AGREEMENT, AND BOND PURCHASE AGREEMENT; AUTHORIZING AND APPROVING CERTAIN OTHER MATTERS, INCLUDING THE EXECUTION OF RELATED DOCUMENTS, IN CONNECTION WITH THE SALE AND ISSUANCE OF THE SERIES 2016 BONDS. Sponsors:Primary Cheri Bryant Hamilton (D-5) Attachments: O-280-16 ATTACH Exhibit B - Bond Trust Indenture O-280-16 ATTACH Exhibit C - Loan Agreement Exhibit B - Bond Trust Indenture Exhibit C - Loan Agreement A motion was made by Committee Member Butler, seconded by Vice Chair Benson, that this Ordinance be recommended for approval. Mark Franklin, Stoll Kennon Ogden, PLLC, 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 5. O-261-16 AN ORDINANCE CREATING A NEW CHAPTER OF THE LOUISVILLE METRO CODE OF ORDINANCES REQUIRING THE REGISTRATION OF RENTAL HOUSING UNITS AND ESTABLISHING PENALTIES FOR VIOLATIONS. Sponsors:Primary Marianne Butler (D-15), Primary Rick Blackwell (D-12), Primary Bill Hollander (D-9), Primary Vicki Aubrey Welch (D-13) and Additional Cheri Bryant Hamilton (D-5) This item was held in committee. Adjournment Without objection, Chair Person Hamilton adjourned the meeting at 5:01 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 August 25, 2016. Louisville Metro Government Page 3