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, October 11, 2016 4:00 PM Council Chambers Call to Order Vice Chair Benson called the meeting to order at 4:04 p.m. Roll Call Vice Chair Benson introduced the committee members and non-committee members present. A quorum was established. Present: 3- Committee Member Pat Mulvihill (D-10), Committee Member Marianne Butler (D-15), and Vice Chair Stuart Benson (R-20) Excused: 2- Chair Person Cheri Bryant Hamilton (D-5), and Committee Member Robin Engel (R-22) Non-Committee Members Council President David Yates (D-25) Support Staff 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 October 11, 2016 Committee Special Discussion 1. ID 16-1346 Public Hearing pursuant to KRS 65.7051 on the Development Plan for the Main and First Development Area. Attachments: 101116 Main and First Development Area Public Hearing Sign In Sheets Vice Chair Benson opened the public hearing. The following spoke in favor of the proposal: - Rebecca Matheny, Louisville Downtown Partnership, - Laura Ferguson, Louisville Forward - Steve Poe, Poe Companies The following spoke neither in favor of, nor in opposition to, the proposal: - Beverly Duncan, CLOUT With no one else desiring to speak, Vice Chair Benson closed the public hearing. Pending Legislation 2. O-365-16 AN ORDINANCE ESTABLISHING A DEVELOPMENT AREA PURSUANT TO PROVISIONS OF KRS 65.7041 - 65.7083 TO BE KNOWN AS THE MAIN AND FIRST 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 David Yates (D-25) Attachments: O-365-16 ATTACH Exhibit A - Main Street Hotel - TIF Development Plan O-365-16 ATTACH Exhibit B - 101-105 w.main lojic map O-365-16 ATTACH Exhibit C - Main Street Hotel TIF - Local Participation Agreement - September 28 Draft Main Street Hotel - TIF Development Plan 101-105 w.main lojic map Main Street Hotel TIF - Local Participation Agreement - September 28 Draft Louisville Metro Government Page 2 Labor and Economic Development Action Summary - Final October 11, 2016 Committee A motion was made by Committee Member Butler, seconded by Committee Member Mulvihill, that this Ordinance be recommended for approval. Laura Ferguson, Louisville Forward, and Steve Poe, Poe Companies, spoke to the item. The motion carried by the following vote and the Ordinance was sent to the Consent Calendar: Yes: 3- Mulvihill, Butler, and Benson Excused: 2- Hamilton, and Engel Adjournment Without objection, Vice Chair Benson adjourned the meeting at 4:22 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 October 20, 2016. Louisville Metro Government Page 3