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, May 16, 2017 4:00 PM Council Chambers Call to Order Chair Person Hamilton called the meeting to order at 4:00 PM. 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), Vice Chair Stuart Benson (R-20), Committee Member Pat Mulvihill (D-10), Committee Member Marianne Butler (D-15), and Committee Member Julie Denton (R-19) Non-Committee Members Council Member Angela Leet (R-7) Support Staff Sarah Martin, Jefferson County Attorney's Office Clerk Jess Helton, CKMC Louisville Metro Government Page 1 Labor and Economic Development Action Summary - Final May 16, 2017 Committee Pending Legislation 1. R-056-17 A RESOLUTION APPROVING THE GRANTING OF LOCAL INCENTIVES TO STRONG TOWER CONSTRUCTION, LLC, DBA KOCH CORPORATION, AND ANY SUBSEQUENT ASSIGNEES OR APPROVED AFFILIATES THEREOF PURSUANT TO KRS CHAPTER 154, SUBCHAPTER 32. Sponsors:Primary Cheri Bryant Hamilton (D-5) Attachments: R-056-17 V.1 051117 Incentives to Strong Tower Construction dba Koch Corp.pdf Strong Tower Construction dba Koch Corp - Local Support ltr - KBI Board Report.pdf A motion was made by Committee Member Butler, seconded by Vice Chair Benson, that this Resolution be recommended for approval. Brittany Allison, Louisville Forward, spoke to the item. The motion carried by a voice vote and the Resolution was sent to the Consent Calendar. 2. O-153-17 AN ORDINANCE APPROVING THE TWENTY-FIFTH SUPPLEMENTAL SEWER AND DRAINAGE REVENUE BOND AUTHORIZING RESOLUTION ADOPTED BY THE BOARD OF THE LOUISVILLE AND JEFFERSON COUNTY METROPOLITAN SEWER DISTRICT (THE "DISTRICT") WHICH AUTHORIZES THE ISSUANCE OF THE DISTRICT'S SEWER AND DRAINAGE SYSTEM REVENUE BONDS, SERIES 2017A, (THE "CURRENT BONDS") FOR THE PURPOSE OF PAYING ALL OR A PORTION OF THE COSTS OF CONSTRUCTION OF THE 2017A PROJECT; AND PROVIDING FOR THE ADVERTISED PUBLIC COMPETITIVE SALE OF SAID CURRENT BONDS IN AN AMOUNT NOT TO EXCEED $185,000,000. Sponsors:Primary Marianne Butler (D-15) Attachments: O-153-17 V.1 051117 25th Supplemental MSD Bond.pdf 051607 LED MSD 2017A Bond Issue.pdf A motion was made by Committee Member Butler, seconded by Vice Chair Benson, that this Ordinance be recommended for approval. Chad Collier, Metropolitan Sewer District, gave a presentation and answered questions. The motion carried by the following vote and the Ordinance was sent to the Consent Calendar: Yes: 5- Hamilton, Benson, Mulvihill, Butler, and Denton Louisville Metro Government Page 2 Labor and Economic Development Action Summary - Final May 16, 2017 Committee Adjournment Without objection, Chair Person Hamilton adjourned the meeting at 4:18 PM. *NOTE: Items sent to the Consent Calendar or Old Business will be heard before the full Council at the Metro Council Meeting on May 25, 2017. Louisville Metro Government Page 3