Budget Committee

Agenda

1. 1. AN ORDINANCE AMENDING ORDINANCE NO. 083, SERIES 2022, RELATING TO THE FISCAL YEAR 2022-2023 OPERATING BUDGET FOR LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT TO PROVIDE THE OFFICE OF MANAGEMENT AND BUDGET WITH ADMINISTRATIVE AUTHORITY TO ADDRESS VARIANCES IN BUDGETS FOR ALL COUNCIL-APPROVED AMERICAN RESCUE PLAN (“ARP”) PROJECTS, THROUGH LIMITED REALLOCATIONS AND REAPPROPRIATIONS OF ARP FUNDING, AND TO ADDRESS REPORTING REQUIRED FOR ALL ARP FUNDED PROJECTS. (AS AMENDED)
   Ordinance
   Action: recommended for approval Passed

   A motion was made by Committee Member Piagentini, seconded by Chair Hollander, that this Ordinance be amended by substitution as shown in the attached document titled "O-279-22 V.2 CAM 100622 Authorize OMB to Address Variances in Budget for All Approved ARP Funds.pdf". The motion to recommend for approval carried by the following vote and the amended Ordinance was sent to Old Business.

2. Supporting Staff

   Latonya Bell, Council Financial Analyst Beth Stenberg, Council Financial Analyst Hollie Hopkins, Jefferson County Attorney's Office

3. Clerk(s)

   Marissa Brown, Assistant Clerk Sonya Harward, Metro Council Clerk

4. Non-Committee Members

   Council Member Scott Reed (R-16)

5. ID 22-1413 Captioning Transcript of Budget Committee Meeting - October 6, 2022
   Discussion Item
6. Call to Order

   Chair Hollander called the meeting to order at 5:46 p.m.

7. Roll Call

   Chair Hollander introduced the committee members and non-committee members present. A quorum was established. *NOTE: All committee and non-committee members present attended in chambers, except for Committee Member Winkler, Committee Member McCraney, Committee Member Chambers Armstrong, Committee Member Fowler, Committee Member Triplett, Committee Member Engel and Council Member Reed, who attended virtually.

8. Pending Legislation

   [See the "Captioning Transcript of Budget Committee Meeting - October 6, 2022.pdf" attached hereto for additional information regarding the discussion of each item.]

9. 1. AN ORDINANCE AMENDING ORDINANCE NO. 083, SERIES 2022, RELATING TO THE FISCAL YEAR 2022-2023 OPERATING BUDGET FOR LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT TO PROVIDE THE OFFICE OF MANAGEMENT AND BUDGET WITH ADMINISTRATIVE AUTHORITY TO ADDRESS VARIANCES IN BUDGETS FOR ALL COUNCIL-APPROVED AMERICAN RESCUE PLAN (“ARP”) PROJECTS, THROUGH LIMITED REALLOCATIONS AND REAPPROPRIATIONS OF ARP FUNDING, AND TO ADDRESS REPORTING REQUIRED FOR ALL ARP FUNDED PROJECTS. (AS AMENDED)
   Ordinance
   Action: amended

   A motion was made by Committee Member Arthur, seconded by Committee Member Piagentini, that this Ordinance be recommended or approval. The following spoke to this item: - Monica Harmon, Office of Management and Budget - Chair Hollander - Committee Member Piagentini - Hollie Hopkins, Jefferson County Attorney's Office - Committee Member Winkler

10. 2. AN ORDINANCE OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT (THE “ISSUER”) AUTHORIZING THE ISSUANCE OF REVENUE REFUNDING BONDS, SERIES 2022A (MASONIC HOMES OF KENTUCKY OBLIGATED GROUP) IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $25,000,000 FOR THE PURPOSES OF (A) REFUNDING EXISTING CREDIT FACILITIES BY AND BETWEEN MASONIC HOMES OF KENTUCKY, INC. (THE “CORPORATION” OR THE “BORROWER”) AND CERTAIN AFFILIATES OF THE BORROWER AND OLD NATIONAL BANK F/K/A FIRST MIDWEST BANK, THE PROCEEDS OF WHICH WERE COLLECTIVELY USED TO FINANCE THE COSTS OF A DAY CARE, PRESCHOOL FACILITY, CORPORATE RESOURCES CENTER, SENIOR ADULT ASSISTED LIVING FACILITIES, AND SENIOR ADULT INDEPENDENT LIVING FACILITIES KNOWN AS THE VILLAGES, ALL LOCATED ON THE CAMPUS OF CORPORATION WITHIN THE JURISDICTIONAL BOUNDARIES OF THE ISSUER, AND (B) PAYING COSTS OF ISSUANCE OF THE BONDS; AUTHORIZING THE EXECUTION AND DELIVERY OF A BOND FINANCING AGREEMENT AND A TAX COMPLIANCE CERTIFICATE AND AGREEMENT; AUTHORIZING AND APPROVING CERTAIN OTHER MATTERS, INCLUDING THE EXECUTION OF RELATED DOCUMENTS, IN CONNECTION WITH THE SALE AND ISSUANCE OF THE BONDS.
    Ordinance
    Action: recommended for approval Passed

    A motion was made by Vice Chair Kramer, seconded by Committee Member Piagentini, that this Ordinance be recommended for approval. The following spoke to this item: - Mark Franklin, Dinsmore Public Finance The motion carried by the following vote and the Ordinance was sent to the Consent Calendar:

11. 3. AN ORDINANCE AMENDING ORDINANCE NO. 084, SERIES 2022, RELATING TO THE FISCAL YEAR 2022-2023 CAPITAL BUDGET FOR THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT BY TRANSFERRING $50,000 TO AN EXISTING PROJECT TITLED D16 LIME KILN LANE SIDEWALK BETWEEN LIMEWOOD CIRCLE AND LIME RIDGE PLACE.
    Ordinance
    Action: recommended for approval Passed

    A motion was made by Vice Chair Kramer, seconded by Committee Member Piagentini, that this Ordinance be recommended for approval. The following spoke to this item: - Council Member Reed The motion carried by the following vote and the Ordinance was sent to the Consent Calendar:

12. Adjournment

    Without objection, Chair Hollander adjourned the meeting at 6:13 p.m.

13. Note: Items sent to the Consent Calendar or Old Business will be heard before the full Council at the Metro Council meeting on October 13, 2022.