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 Julie Denton (R-19) Tuesday, February 14, 2017 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 present. A quorum was established. Present: 4- Chair Person Cheri Bryant Hamilton (D-5), Vice Chair Stuart Benson (R-20), Committee Member Pat Mulvihill (D-10), and Committee Member Julie Denton (R-19) Excused: 1- Committee Member Marianne Butler (D-15) 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 February 14, 2017 Committee Pending Legislation 1. R-014-17 A RESOLUTION OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT AUTHORIZING THE APPOINTMENT OF PNC CAPITAL MARKETS LLC AS A CO-REMARKETING AGENT FOR THE $128,000,000 OUTSTANDING PRINCIPAL AMOUNT OF LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, KENTUCKY, POLLUTION CONTROL REVENUE BONDS, 2003 SERIES A (LOUISVILLE GAS AND ELECTRIC COMPANY PROJECT) (THE “2003 SERIES A BONDS”); AUTHORIZING THE EXECUTION OF ONE OR MORE LETTER AGREEMENTS IN CONNECTION WITH THE REMARKETING OF THE (i) 2003 SERIES A BONDS, (ii) $31,000,000 OUTSTANDING PRINCIPAL AMOUNT OF LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, KENTUCKY, ENVIRONMENTAL FACILITIES REVENUE REFUNDING BONDS, 2007 SERIES A (LOUISVILLE GAS AND ELECTRIC COMPANY PROJECT), AND (iii) $35,200,000 OUTSTANDING PRINCIPAL AMOUNT OF LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, KENTUCKY, ENVIRONMENTAL FACILITIES REVENUE REFUNDING BONDS, 2007 SERIES B (LOUISVILLE GAS AND ELECTRIC COMPANY PROJECT); AND TAKING OTHER ACTIONS RELATED TO THE REMARKETING OF THE ABOVE-IDENTIFIED BONDS Sponsors:Primary Cheri Bryant Hamilton (D-5) and Primary David Yates (D-25) A motion was made by Committee Member Denton, seconded by Vice Chair Benson, that this Resolution be recommended for approval. The following spoke to the item: - Nick Lococo, Jefferson County Attorney's Office - Mark Franklin, Stoll Keenon Ogden, PLLC - Dan Arbough, Louisville Gas and Electric Company The motion carried by the following vote and the Resolution was sent to Old Business to allow for abstentions: Yes: 3- Hamilton, Benson, and Denton Excused: 1- Butler Abstain: 1- Mulvihill Adjournment Without objection, Chair Person Hamilton adjourned the meeting at 4:17 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 February 23, 2017. Louisville Metro Government Page 2