City Council Minutes 1984 12 04 - Laserfiche WebLink

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ZECESS 3ruce Rogers, President Louisville Chamber of o~^-~e rce ZESOLUTION N0.32 - STATEWIDE SOTTO GAME 3DOPTION :ouncilman Leary 12/4/84 Page -12- Mayor Meier called a recess at 8:52 P.M. Meeting reconvened at 9:08 P.M. Mayor Meier stated the number that was dis•~9 cussed relative to the downtown redevelop- ment project, as far as their participation: some of the members of the business com- munity would like to meet this week with their committee and try to work out a workable percentage to present to their peop:Le and to present to Council. He recommended that the committee come back with a definite percentage of participation from the business community on this project Councilman Leary comme nted that he felt th figure discussed was $200,000, which was ~:. 4-1 :ratio of the money to be spent from th~~..::; point on. Councilman Luce concurred with Mr. Leary's commcent . Mr. Rogers stated he thought $200,000 was a re<~sonable figure. The problem that the task force is facing is that the number keeps changing. He felt that it was incumbent upon the business community to present to Council what is acceptable to them. Councilmembers had a copy of the resolution, a memo from Director of Community Services Hioco and pertinent information from the StatEa Lottery Commission. Attorney Rautenstrau-s the resoru~ionin -its entirety. Mayor Meier moved, Councilman Luce seconded that Resolution No. 32 - Statewide Lotto Game be adopted. Commented that he felt that the State Legis- lature has taken the intent of the lottery, and although within the law. misued the monE_~~,r to replace old money rather than be additional money. Nor was it to be spent on capital buildings or whatever the legislators wanted to sj?end it on. People passed and voted on the lottery based on what was going to parks and recreation. The thing that he found to be