Revitalization Commission Resolution 13-03

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LOUISVILLE REVITALIZATION COMMISSION RESOLUTION NO. 13-03 A RESOLUTION APPROVING THE PROPERTY TAX INCREMENT REBATE AGREEMENT WITH TRACT ONE, LLC. WHEREAS, the Louisville Revitalization Commission (LRC) is charged with addressing issues contributing to blight within the Urban Renewal Area; and WHEREAS, Tract One, LLC has requested assistance from the LRC to improve the public and/or private infrastructure at 707 E South Boulder Road; and WHEREAS, improving the public and/or private infrastructure within the area will encourage Tract One, LLC to improve their property; and WHEREAS, a Property Tax Increment Rebate Agreement, attached hereto, has been developed to outline certain financial terms regarding financial assistance for new public and/or private infrastructure ; and WHEREAS, the LRC is willing to assist in public and/or private infrastructure funding for the project. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE LOUISVILLE REVITALIZATION COMMISSION: Section 1. The Property Tax Increment Rebate Agreement with Tract One, LLC is hereby approved, subject to approval by the Louisville City Council. Section 2. The Chair of the Louisville Revitalization Commission is hereby approved to sign the Property Tax Increment Rebate Agreement with Tract One, LLC once approved by the Louisville City Council in accordance with the Amended and Restated Cooperation Agreement between the LRC and City of Louisville dated April 5, 2011. ADOPTED this 8th day of July,2013. ATTEST: Chair 46/1 Secret.