Revitalization Commission Agenda and Packet 2021 11 10

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Revitalization Commission Minutes October 13, 2021 Page 2of6 Business Matters of Commission: • Resolution 21-09: Amending the Annual Budget for Fiscal Year 2021 for the Urban Revitalization District Director Pierce noted that the LRC held a Public Hearing on the budget amendment on September 8, 2021. The additional commitments made by the Commission in 2021 have been incorporated into the budget amendment. The amendment was approved by City Council on September 21, 2021. The Resolution before the LRC today would give final approval to the amendment. Commissioner Smith made a motion to approve Resolution 21-09, Commissioner Gambale seconded. Roll call vote: Commissioner Smith - yes Commissioner Gambale - yes Chair Adler - yes Commissioner Gorsevski - yes Commissioner Williams — yes Motion passes • Public Hearing: 2022 LRC Proposed Budget Chair Adler opened the Public Hearing. Director Pierce provided the staff presentation. Based on the budget schedule, staff is seeking input to advance the proposed budget for City Council consideration on November 1. If approved, the 2022 budget would return for final LRC approval on November 10. Director Pierce reviewed the projected revenues and expenditures outlined on page 17 of the packet and also highlighted the new project expenditures anticipated for 2022, which include a Fagade Improvement Program ($250,000), District Wayfinding Signage Program ($200,000), Urban Renewal Marketing Strategy ($75,000), and Bike Network and Amenities ($55,000). It was also noted that the budget does not reflect any City of Louisville capital projects. And Director Pierce said that there was no 2022 funding for public Agenda Packet P. 3