Finance Committee Agenda and Packet 2024 10 17

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City Council Finance Committee Meeting Minutes September 24, 2024 Page 5 of 8 projects listed which are not funded and the committee and council can determine their priorities. Councilmember Kern commented that bouncing between 8-9 different attachments is complicated and very difficult for the community to keep track of this and she was hoping that she could get something that demonstrated that we have additional requests coming before council that, based on our EDI initiatives, we should definitively be saying yes to for current residents that need assistance instead of future 5-10 year down the road projects. She asked for an easy -to -read list of what is not getting funded or projects that can get scaled back versus eliminating projects. The Director of Finance directed the committee to the unfunded project slides. The Interim City Manager commented that staff has been asked in the course of this conversation to add funds to the budget, such as around Via Appia, and after hearing what the Finance Director has said about the tightness of the CIP budget that added funding will have to come from somewhere and her question to the committee is if they have a recommendation as to where that comes from and is this an area they are recommending. Councilmember Hoefner responded that he has other areas as well and feels that for the purposes of this meeting everything is up for discussion. Councilmember Kern agreed and added that it's up for a full conversation and that there are several things on here, in order to maintain pedestrian safety, we need to take this seriously and our community is demanding we address it, noting that, if a long-range project needs to be reduced or eliminated, she is in favor of that. Councilmember Dickinson commented that Affordable Housing is interesting one because, similar to other projects, it's the kind of one where if we put $2M towards a project we could get additional funding from other sources — it's the money that gets you money. Whereas there are a lot of things we pay for that aren't grant eligible and the problems we have now are that other communities are receiving affordable housing grants, and we are leaving millions of dollars on the table because we aren't in the game. Councilmember Dickinson feels this is a key priority for 2025 and that the committee should use the work plan for prioritization of CIP projects. Councilmember Hamlington made a comment with reference to the City Manager's recommendation in Tight of this particular topic, noting that the committee already touched on item 35 and how that number will change as the scope of that project has changed as well as item 34 and she is assuming this came from Parks. She asked if those two items are mission critical right now or could those two items close the gap for adding the Via Appia improvements back into the budget while maintaining the integrity of the Affordable Housing line item. The Director of Finance responded that the sports complex restrooms, #35 will be revised down to $200,000; the $650,000 for the new concession is not in the current forecast so that there is $200,000 for the restroom renovations and $350,000 for the parking lot improvements. The Director of PROS pointed out that the $350,000 for the parking lots is budgeted in 2028, noting that the parking lot is in pretty bad shape and repair in 2028 will be a stretch. We place a high level of value to upgrading that amenity when we are able to due to the reflection it gives to visitors from outside of Louisville. The restrooms are in a pretty dire state and we would like to align the restroom experience with the pristine field experience. $200,000 was scaled back from a best guess from the facilities director to lower the budget amount. Councilmember Hamlington asked if we make money from the rental of the fields to cover the costs of maintenance. The Director of PROS responded that yes, we do receive revenues 14/87