City Council Agenda and Packet 1999 06 01

Home Browse Search

Howard moved that Council approve Resolution No. 11, Series 1999, Amendment of the 1999 Budget for 1998 Open Encumbrances, seconded by Keany. Roll call was taken. Motion passed by a 6 -0 vote. RESOLUTION NO. 12, SERIES 1999 DESIGNATING PART OF THE FUND BALANCE OF THE CAPITAL PROJECTS FUND FOR THE FUTURE DEVELOPMENT OF A COMMUNITY PARK, AND FUTURE DEPT REDUCTION Davidson called for staff presentation. Dianne Ray, Finance Director, stated that this resolution is as a result of the 1998 budget process. She explained that this is the fourth year in a row that Council has chosen to designate $100,000 out of the fund balance in the capital projects fund to go toward a community park and the third year in a row that Council has chose to designate $100,000 to go toward the reduction of debt. This resolution designates the fund balance for those purposes. Davidson called for Council comments and questions. He explained that several years ago, Council started designating $100,000 for a future regional park, versus going the traditional way of bonding. When adequate funds accumulate, the City can purchase the land and develop a regional park for the citizens of Louisville. The second $100,000 designation began in 1997, whereby Council takes part of the City's projects fund and designates it for early debt repayment. He estimated that by doing this, approximately one -third of the City's total debt has been paid off early. Sisk moved that Council approve Resolution No. 12, Series 1999 Designating Part of the Fund Balance of the Capital Projects Fund for the Future Development of a Community Park and Future Debt Reduction, seconded by Howard. Roll call was taken. Motion passed by a 6 -0 vote. RESOLUTION NO. 6,1999 A RESOLUTION ADOPTING THE DOWNTOWN LOUISVILLE FRAMEWORK PLAN AS AN AMENDMENT AND UPDATE TO THE CITY'S COMPREHENSIVE PLAN, WHICH DOWNTOWN FRAMEWORK PLAN APPLIES TO AN AREA GENERALLY DESCRIBED AS THE DOWNTOWN AREAS ZONED C -C (COMMERCIAL COMMUNITY) AND C -B (COMMERCIAL BUSINESS) AND SURROUNDING RESIDENTIAL INFLUENCE AREAS, AS MORE PARTICULARLY DEPICT ED ON EXHIBIT `B' Davidson called for staff presentation. Paul Wood, Planning Director, stated that Council continued this Resolution on February 16, 1999, for the purpose of incorporating Council comments. Staff has incorporated the