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capital In order accpmmadete a.riigh quglfly development for the City of Louisville. There are <br />multiple fundinrg raquirenients,bptl7 4nd private, ihat need to be secured I1 rater to <br />successfully execute DELP. First and _fc rem psi, t.lasic City offsite infrastructure su :h as_paveb <br />roast ,.PVC sewer i.res,_water lines, and storm drainage needs to be established DELO, LLB; <br />has_ganer, tr ri lino cost e81lnotes for the aforemenli, ned public ijfrsite wnfra rrucld're (boitl. <br />estimates a ttactieij_'DELO, LLC generated two ccs+ eMim.FiteE� ; I order to establlsi a maixilnurti <br />and a nninImtim r,psl. Therefore, the first estimate essrsn e i l,,l II:; _. Iy and the LRC would <br />prefer to have all public offsite lmprr vurnent required for lho C sp Project Area fir ether at once, <br />$40ritte+ ieViiimatie pr t>z% for t'ne trOnirriurnp i Th 4lisite inlraslrLrcture that Js_ requireff <br />it) enable redeveI pment within the Core Project Area. DELO,_LLC proposes Ina' ih : City of <br />Louisville Public Wor+is I enuriment generate; the Einar nonstructIon estirrialu for the ojrblic <br />1isr1 irriprovein2qhts witriin 010 Cara Ps sSe l Area. <br />, ecoI ci,.pnvale capital Is rewired for lane acqwiilicn, +r/s,le An-proverrlents. and vertic7e1 <br />-construction_ It is c`1lt tiC gated that the total cost Cfl CI IP.SE: requrrt~fFj''t'`I I l will be pj'prO4rrnater 41:1M <br />to 50M' dollars To be spenitic, DELO, LLC-anticIpates the r :rJ ft.ir ;5hrt tQ 18tiot of_privets equPty <br />with ttha remaining kinds being provided try_ a national lender <br />Sunirnary of Reque4s1 rot Assislenr,e DELO, Li_c is requesting that the URA, in coordination <br />yvirh the City hind and construct and tapenecessary offsiteypublic improvernvtrfs within <br />the Core Project Area per thy_ finaldirection et tPteCr'ty of Louisville's Public Works <br />Department. General , the oi`fstl'ppublic improvements sfit+aurrd incl,nide the pukthc rlghLL <br />of_ways oil Cannon Street, South Street, short Street, and Lafayette Street as Well as <br />regional utility upgrades that located within'these corridors. These improvements will <br />trod std>Q trunk uthities, sheet mtfsi si>-Jewatt surfaces. and landscaping. No ttrnri?fnr for ar,y' <br />private irr7proyertrant5 orrpovato and i5 11902 r'egoesf'tid, nor is DELO, LLC rerloe Ling that r, <br />receryFs any payments. In a typie;al urban re swan environment, an urfran renew'aJ <br />autfiaritV and ur tri5 ode: err hir A murtictoi Ill, a l rti zwv3 as 2•gi'ar.3. V.. destiratai <br />project its order remove hII Iit and istirnulate private capital gilts the assot:ialed devYlp pent, <br />The Louisville Revitalization Commission (LfiCjttia. _rio existing revenues due 1,:) a Zack al <br />rer eveJoprnant within the Urban Renewal Area as identified wilhin Exl}Ibil A As a result, DELc1, <br />LLC would entertain Die purchase of privately glared nonds Inanarrrou1t that mat;dhesthe <br />a+cEual and Final (lost of the ubjir:. offsite Itn_oroverr.ei1ts a deterrnIned 11y the it+/r d the LRC. <br />