City Council Minutes 1982 03 02 - Laserfiche WebLink

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3/2/82 Page -8- Councilman Cummings Questioned why council had asked for per- sons requesting funds make presentations when everyone 'was well aware of the Inter- change Agreement and the provisions in it. It was his opinion it was unfair to the people making the presentations to allo- cate all the funds in the manner stated in Councilman Leary's motion, and more discussion should be held by council. Councilwoman Morris Agreed with Councilman Cummings that further discussion be held before the funds are allocated, with consideration given to the presentations made this evening. Basically she too agreed. open space should be acquired. Councilman Leary Commented many of the presentations made this evening could be requested at budget sessions, but supported his motion stating this was the intent of the Interchange Agreement. He also advised $52,000 was not a large amount of money to acquire open space, but the total amount that would be obtained from the agreement would be $277,000. Even if LDC received $75,000, there would still be $200,000 for open space acquisition and maintenance. Defeated Question called for on the motion. Vote: YES: Leary, Cussen NO: Cummings, Fauson, Meier, Morris. Motion defeated 4-2. Question on the Motion Councilman Leary moved, Councilman Cussen seconded that of the $77,000 received from the Homart/Kahan funds, $25,000 shall be reserved for the Louisville Development Corp. to be used for the downtown revitali- zation. The issuance of this grant shall be contigent upon the negotiation of a memorandum of agreement between the City of Louisville and the LDC. This agreement shall include, but shall not be restricted to, the foll~wing matters. a) An explicit statement of the goals of the LDC. b) The manner in which the funds, along with