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bounds of the economics and plans that have been <br />set. Unanimous. <br />RESOLUTION #28 - REAFFIRMATION OF THE IDRB ISSUE - <br />CENTENNIAL CENTER PARTNERSHIP PROJECT <br />Rautenstraus read in its entirety Resolution #28, <br />"A Resolution reaffirming an intention to issue <br />Industrial Development Revenue Bonds for the <br />Centennial Center Partnership Project." <br />Hundley explained that in November of 1985, the <br />Louisville City Council approved Resolution #27, <br />1985, which served to induce the issuance of <br />IDRB's for the construction of the Centennial <br />Center Project located at the corner of Cherry <br />Street and McCaslin Blvd. In order to ensure that <br />IDRB's are available for this project from a <br />state-wide allocation, the City Council must <br />reaffirm this prior- commitment for the project. <br />Mayor Fauson asked. if Dave Stahl, of Homart, the <br />owner of the propez•ty, could comment on the status <br />of the project. (The developers were unable to <br />attend the meeting.) Stahl stated that to his <br />knowledge the project will begin by mid-June as <br />the bulk of the center has now been leased. <br />Hundley stated that at the time the City takes <br />action on the ordinance for the bonds, Centennial <br />will be present to answer questions. <br />Mayor Fauson moved that the Council approve <br />Resolution #28 reaffirming the IDRB's issue for <br />the Centennial Center Partnership Project. Mohr <br />seconded. Unanimous. <br />RESOLUTION #29 - CHERRYWOOD SUBDIVISION AND PUD <br />Rautenstraus read in its entirety Resolution #29, <br />"A Resolution approving a final subdivision plat <br />and PUD for Cherrywood Subdivision." <br />Wanush stated that RB Development is requesting <br />the subdivision of approximately 37 acres located <br />north of Cherry Street and west of the Heritage <br />Subdivision. This :140 lot subdivision is located <br />in Parcels J and N of the Homart Development. The <br />required 12$ land dedication was satisfied with <br />Homart's conveyance of the recreation center site, <br />but this did not presclude the possibility of a tot <br />lot being required in Parcel J. The tot lot and <br />drainage area are shown as Tract D on the Plat. <br />Planning Commission recommended approval of this <br />subdivision. <br />4 <br />