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LOUISVILLE REVITALIZATION COMMISSION <br /> RESOLUTION NO. 13-02 <br /> A RESOLUTION APPROVING THE CORE PROJECT AREA <br /> INFRASTRUCTURE PROJECT TERM SHEET <br /> WHEREAS, the Louisville Revitalization Commission (LRC) is charged with <br /> addressing issues contributing to blight within the Urban Renewal Area; and <br /> WHEREAS, DELO, LLC has requested assistance from the LRC to improve the <br /> public infrastructure within the Highway 42 Core Project Area; and <br /> WHEREAS, improving the public infrastructure within the area will encourage <br /> property owners within the area to redevelop their properties; and <br /> WHEREAS, a Term Sheet, attached hereto, has been developed to outline certain <br /> financial terms regarding a future bond issuance to assist in financing new public <br /> infrastructure ; and <br /> WHEREAS, the City of Louisville is willing to construct the underpass, and the <br /> Louisville Revitalization Commission is willing to assist in its funding; <br /> NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF <br /> COMMISSIONERS OF THE LOUISVILLE REVITALIZATION COMMISSION: <br /> Section 1. The Core area Infrastructure Project Term Sheet is hereby <br /> approved. <br /> Section 2. The Chair of the Louisville Revitalization Commission is hereby <br /> approved to sign the Core Area Infrastructure Project Term Sheet once approved by the <br /> Louisville City Council in accordance with the Amended and Restated Intergovernmental <br /> Agreement between the LRC and City of Louisville dated April 5, 2011. <br /> ADOPTED this 13th day of May, 2013. <br /> - -- <br /> ATTEST: '" hair <br /> 2"' <br /> Secre a <br />