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SUBJECT: <br />DATE: <br />2017 LRC BUDGET <br />DECEMBER 12, 2016 <br />PAGE2OF2 <br />Funding for an event to celebrate the opening of the South Street Gateway, DELO <br />developments and the new streets within DELO. <br />TIF Rebate — Loftus /Safeway Development <br />Second year of payment towards the rebate estimated at $130,000. Will be confirmed <br />after final assessements are determined for the project. <br />Payments From Construction Fund ($2,365,001) <br />Estimated amount remaining in 2017 to pay out for the Core Project Area infrastructure <br />project. <br />Bond Maintenance Fees <br />Fees payable to the Escrow Agent for the Core Project Area funding. <br />Bond Payment <br />Estimated payment towards the Core Project Area TIF Bonds according to the formula. <br />RECOMMENDATION: <br />Staff is requesting approval of the proposed 2017 LRC budget. If approved, staff will <br />take it to City Council for their consideration and approval. <br />ATTACHMENTS: <br />1) Resolution Approving 2017 Budget <br />2) Proposed 2017 LRC Budget <br />3) Sample Parking RFP concept <br />LOUISVILLE REVITALIZATION COMMISSION <br />