City Council Minutes 2023 05 16 - Laserfiche WebLink

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City Council Meeting Minutes May 16, 2023 Page 6 of 7 VOTE: Motion carried by unanimous roll call MOTION: Mayor Pro Tem Fahey moved to approve Resolution No. 30; seconded by Councilmember Hoefner. VOTE: Motion carried by unanimous roll call vote. RESOLUTION NO. 31, SERIES 2023 — A RESOLUTION APPROVING AN AMENDMENT TO THE COOPERATION AGREEMENT BETWEEN THE CITY OF LOUISVILLE AND THE LOUISVILLE REVITALIZATION COMMISSION FOR PRE - APPROVED SPENDING AUTHORITY Mayor Maloney introduced the item. Economic Vitality Manager Kroner stated the purpose of the agreement is to allow greater spending discretion for the LRC for certain preapproved items. The draft amendment would add a new subsection to Section 5 of the 2015 Agreement to set forth a formal process to enable the LRC to obtain City Council approval of "LRC Programs," which would include pre -approved spending authority. This would allow the LRC to move forward with contracts with program awardees without requiring the applicants to get additional Council approval. All new programs would require City Council approval. Mayor Maloney states this just streamlines the process to allow the Council to approve one appropriation for a program and allows the LRC to then spend the funds more efficiently. Councilmember Most noted all the programs are noted in the annual budget approval from the City Council. Councilmember Hoefner asked for a program example. Korner noted the recent Facade Improvement Program. Council approved the general program and how it would work and also gave the LRC the approval to award money to applicants without additional Council approval. City Attorney Kelly noted that the program form contracts would be approved by the Council at the beginning of the program so the LRC could enter into contracts without requiring additional Council approval. Public Comments Graham Smith, LRC, encouraged Council to approve this change to allow the LRC to function more efficiently.