[00:01:32]
          MHM. 
          NATURAL TV COULD GIVE US I GUESS. 30 SECONDS. PLEASE START. 
          [Call to Order]
GOOD AFTERNOON. THIS IS A MEETING OF THE LABOR AND ECONOMIC DEVELOPMENT COMMITTEE ON THE CHAIR PAT MULVIHILL. UH TODAY WE HAVE AN EXCUSED ABSENCE FOR COUNCILMAN PAGE IN TEENY. 
          [Roll Call]
JOINING US VIRTUALLY IS COUNCILMAN ACKERSON AND COUNCILWOMAN HAWKINS. WE ALSO HAVE WITH US IN CHAMBERS, COUNCILMAN, BATCH AND COUNSELING ANGLE AND COUNCILMAN BAKER. UM. 
          MADAM CLERK. WE DO HAVE A QUORUM SO WE CAN OFFICIALLY DO BUSINESS . CAN YOU READ IN THE PROVISO ABOUT THIS BEING DONE VIRTUALLY THE MEETING IS BEING HELD PURSUANT, KRS 61.826 AND COUNCIL ROOM READING FOR THANK YOU. AND ALSO WE HAVE OUR FIRST ITEM OF BUSINESS OR DASH. 1 39-23. MADAM 
          [Pending Legislation]
CLERK, CAN YOU PLEASE READ THAT INTO THE RECORD? RESOLUTION PURSUANT TO THE CABINET OPERATING BUDGET ORDINANCE APPROVING APPROPRIATION TO FUND THE FOLLOWING AND I COMPETITIVE, NEGOTIATED PROFESSIONAL SERVICE CONTRACT FOR ECONOMIC DEVELOPMENT CONCERNING FINANCIAL ADVICE AND COUNSELING ON COMPLEX FINANCIAL ARRANGEMENTS, STEEL STRUCTURES TAX INCREMENT FINANCING COMMONWEALTH ECONOMICS PARTNERSHIP L L C $108,000 READY FOR THANK YOU. CAN I GET A MOTION SECOND? PROBLEM MOVEMENT. SECOND, THIS ITEM IS BEFORE US. WE HAVE SOME VISITORS HERE. SO IF YOU COULD INTRODUCE YOURSELF FOR THE RECORD, THANK YOU. CHAIRMAN JEFF O'BRIEN, EXECUTIVE DIRECTOR OF THE ECONOMIC DEVELOPMENT CABINET. THE CONTRACT THAT YOU HAVE IN FRONT OF YOU TODAY IS FOR COMMONWEALTH ECONOMICS. THIS IS A GROUP THAT IS BASED OUT OF LEXINGTON. AND THEY DO MUCH OF OUR REPORTING FOR OUR INCENTIVE DEALS THAT WE DO BOTH LOCALLY AND WITH THE STATE. SPECIFICALLY AROUND THE TAX AND FINANCING DEALS. UM THEY ALSO HELP US DEVELOP. UM OUR REPORTS ON MODELS ARE SORRY I'M REQUESTS WHEN DEVELOPERS COME IN FRONT OF US WITH INCENTIVES, AND THEY RUN THE MODELS AND HOW MUCH TAX WAS WE HAVE ABOUT THE INCREMENTAL TAXES WE'RE GOING TO RECEIVE ON DEVELOPMENT SINCE OF THE OVERALL FISCAL IMPACT OF DEVELOPMENT ON THE COMMUNITY, SO IT HELPS US MAKE DECISIONS WHEN WE MAKE THOSE WHEN WE MAKE THOSE PRESENTATIONS IN FRONT OF METRO COUNCIL AND THEN ALSO WHEN WE MAKE APPLICATIONS TO THE STATE FOR A STATE TAX AND TO STATE TAX AND COME OUT FINANCING. UM WE CHOOSE A COMMON WEALTH ECONOMICS ANNUALLY BECAUSE THEY ARE THE 
          [00:05:05]
ONE FIRM HERE IN THE STATE OF KENTUCKY THAT PROVIDES US THIS SERVICE IS NOT THERE. WELL, THERE ARE OTHER FIRMS. THIS IS REALLY RECOGNIZES THE BEST FIRM AND UNDERSTANDING THE WHOLE REGIME OF, UH, TAX INCENTIVES ACROSS THE COMMONWEALTH. AND SO THAT'S THE REASON WE USE THIS GROUP, AND THEY THERE'S SOME SOME ADVANTAGE TO HAVING SOME CONSISTENCY IN OUR REPORTING TO THE STATE AS WE ARE. ON THE HOOK FOR REPORTING ON THOSE PRIVATE DEVELOPMENTS THAT HAVE STAYED INCENTIVE DEALS. AND I'M HAPPY TO ANSWER ANY QUESTIONS. YOU ALL MAY HAVE. LET THE RECORD SHOW WE'VE BEEN JOINED BY COUNCILMAN PURPOSE. SO YOU MENTIONED SOMETHING. I GUESS IT'S PRETTY SALIENT POINT THAT THERE'S THIS IS THE ONLY FIRM IS IT IS THIS THE ONLY FIRM IN KENTUCKY? THAT SORT OF IS THE TAX INCREMENT FINANCING GURUS. THEY ARE. THEY ARE. THEY ARE NOT THE ONLYIRM THAT DOES THIS WORK WITH THEIR THE FIRM THAT HAS BEEN DOING THIS WORK FOR US FOR A NUMBER OF YEARS, AND THEY ARE THE BEST RECOGNIZED FIRM HERE IN THIS COMMONWEALTH. SO WHEN YOU SAY A NUMBER OF YEARS HOW MANY ADVENTURES I HAVE TO GO BACK AND DOUBLE CHECK ON THE ON THE EXACT NUMBER OF THAT, BUT IT'S BEEN AT LEAST THE LAST FIVE YEARS. DO YOU IT WAS 2015 WASN'T WE ORIGINALLY STARTED IT SO CLOSE. DO WE ANTICIPATE? AT SOME POINT? I MEAN, YOU KNOW, I KNOW. FIRMS COME AND GO AND SOME, YOU KNOW, PROMOTE THAT WE WOULD WE WOULD MIGHT LOOK PAST. YOU KNOW, I SEE THIS UNDERSTANDING GREAT REPUTATION AND DONE A GOOD JOB, BUT MAYBE OPENING UP TO AN RFP TO SEE WHAT ELSE IS OUT THERE, ESPECIALLY, UH, MAYBE IF THERE'S ANY OTHER FIRMS THAT ARE COMING ON THE HORIZON TO DO THIS KIND OF WORK, I DO THINK OF EVENTUALLY LOOKING AT AN RFP WOULD BE, UM WOULD BE SOMETHING THAT WE WOULD WANT TO DO. I WOULD. I WOULD PROBABLY, UM I WOULD PROBABLY WANT TO LOOK AT OUR OVERALL LANDSCAPE OF DEALS THAT WE HAVE IN TERMS OF THE REPORTING THAT WE DO BECAUSE WHILE THEY WHILE THEIR VALUE IS ON PROVIDING FISCAL IMPACT ANALYSIS ON DEVELOPMENTS THAT WE , UM THAT WE BRING IN FRONT OF METRO COUNCIL, REALLY THE TRUE VALUE IS DOING THE REPORTING AND COMPLIANCE ON THE DEALS THAT ARE ALREADY IN PLACE. SOME OF THOSE DEALS ARE UM, FAIRLY STRAIGHTFORWARD, LIKE THE NEW THE NEW HOTEL, FOR EXAMPLE, WHERE WE HAVE A STATE AND LOCAL, UH, TIFFIN PLACE. SOMEBODY ELSE ARE FAIRLY COMPLEX LIKE THE OMNI , SO I THINK THAT'S WHERE I WANT TO JUST KIND OF EVALUATE WHERE WE ARE, BUT I DO I DO THINK OPENING IT UP FOR AN RFP WOULD BE A FAIR WAY TO GO AND DURING THIS PERIOD, AND MAYBE LAURA KNOWS THEY ALSO BEEN THE STATES SORT OF GO TO WITH TIPS IN TERMS OF THEIR STATE USES OUT OF STATE FIRMS TO WHEN THEY EVALUATE TIFF, SO THEY GOT THREE CONSULTANTS ON CONTRACT. THAT THEY USED TO EVALUATE PROPOSALS WHEN THEY COME IN FRONT OF THE STATE. I BELIEVE ALL OF THOSE FIRMS ARE OUT OF STATE. THANK YOU. I DON'T SEE ANY SPEAKERS. ANYBODY HAVE ANY QUESTIONS? I DON'T SEE ANY. THIS IS A RESOLUTION CALLING FOR A VOICE VOICE VOTE. ALL THOSE IN FAVOR SAY AYE AH! THOSE OPPOSED THE AS HAVE IT MEANT CLERK IF YOU'D SEND THIS TO THE CONSENT CALENDAR. AND THAT FOR THAT IF YOU'D READ IN ITEM NUMBER TWO YES, PLEASE NUMBER TWO A RESOLUTION AUTHORIZING THE MIRROR AND THE DEPARTMENT OF ECONOMIC DEVELOPMENT TO REQUEST ECONOMIC DEVELOPMENT GRANT FROM THE KENTUCKY ECONOMIC DEVELOPMENT FINANCIAL AUTHORITY FINANCE AUTHORITY FOR THE BENEFIT OF ESTABLISHED NEXT LLC IN THE AMOUNT OF $2,250,000 AND ACCEPT VAGRANT IF AWARDED READY FOR THANK YOU. CAN I GET A MOTION? CAN I GET A SECOND? PROBABLY MOVEMENT SECOND. THIS ITEM IS BEFORE US. IF YOU COULD INTRODUCE YOURSELF FOR THE RECORD POLICE GOOD AFTERNOON, BENJAMIN MOORE, DIRECTOR ECONOMIC DEVELOPMENT. SO TODAY WE'RE BRINGING AN INCENTIVE PACKAGE. THAT IS A LITTLE DIFFERENT FROM WHAT WE'RE USED TO SEEING. THIS IS FOR THE STELLAR SNACKS PROJECT THAT WAS RECENTLY ANNOUNCED PRELIMINARY ANNOUNCED IN WEST LOUISVILLE AT 1391 DIXIE HIGHWAY, BRINGING ABOUT 300 NEW JOBS AND OVER 100 AND $30 MILLION OF INVESTMENT. UM BECAUSE THIS LOCATION IS IN THE WEST LOUISVILLE OPPORTUNITY PARTNERSHIP, THE TIFFIN, WEST LOUISVILLE TRADITIONAL TOOLS FOR INCENTIVES WERE NOT AVAILABLE TO US. SO WE WORKED WITH OUR PARTNERS AT THE STATE AND THEY WERE ABLE TO. THEY'RE CONSIDERING ISSUING THE GRANT TO US IN THE FORM OF $2.25 MILLION 1,000,004 CAPITAL INFRASTRUCTURE FOR RAIL SPUR AT THE SITE, AND THEN ANOTHER 1.2 MILLION FOR HIRING CREDITS OR HIRING INCENTIVES. SO THIS IS A AGAIN DIFFERENT FOR US. THERE'S NO LOCAL SKIN IN THE GAME ON THIS INCENTIVE PACKAGE. THIS IS ALL STATE GRANT MONEY. WE ARE GOING TO BE THE PASTOR OPERATION FOR THIS. THE STATE WILL DO ALL COMPLIANCE MONITORING ON HIRING AND BILLS. SUCH WHEN IT COMES TO THE RAIL, SPUR AND CONSTRUCTION. UM AND SO ONCE THE STATE HAS CONFIRMED THAT THE WORK IS DONE, THE HIRING IS DONE AND THEY ARE COMPLIANT. THEY'LL NOTIFY US AND WE'LL BE ABLE TO DISPERSE THESE FUNDS. SO IN THIS INSTANCE IT SOUNDS LIKE THE ONLY THING YOU'RE REALLY DOING IS HANDING OUT THE MONEY. CORRECT OK, REQUESTING AND DISPERSING HIS PRETTY GOOD JOB TO HAVE. I WISH 
          [00:10:03]
THEY'D ALL WORKED THAT WAY. SO OKAY. I DO KNOW THAT COUNCILMAN BAKER IS THE SPONSOR OF THIS. 
          THIS MUST BE IN DISTRICT SIX, AND HE'D LIKE TO SPEAK TO IT. COUNCILMAN BAKER. YES THIS IS JUST REALLY A COMMENT AND THANK YOU FOR YOUR TEAM AND YOUR WORK THAT YOU'VE DONE ON THIS PROJECT AGAIN. AS HE STATED. THERE'S NO SKIN IN THE GAME, REALLY FOR US, BUT WHAT THIS RESOLUTION DOES. 
          IT ALLOWS US TO ACCEPT THOSE POTENTIAL GRANT MONIES THAT BE ABLE TO SEE MY HOPE IS TO BE A MODEL FOR OTHER PROJECTS SIMILAR TO THIS IN ALL OF OUR DISTRICT. SO I ENCOURAGE EVERYBODY SUPPORT ON THIS AND THANK YOU FOR YOUR TEAM, AND JEFF FOR ALL THE WORK THAT YOU DO, AND DEPUTY MAYOR PAT ROY. THANK YOU. THANK YOU. OUR PLEASURE. OKAY WELL, SAYING THAT THERE ARE NO FURTHER QUESTIONS, AND I CONCUR. I HOPE WE CAN FIND THIS FOREVER DISTRICT WHERE ALL WE HAVE TO DO IS HAND OUT THE DOLLARS THAT SEEMS LIKE AND LET SOMEBODY ELSE DO MOST OF THE WORK THAT SEEMS LIKE A REALLY GOOD PLAN IS RESOLUTION CALLING FOR VOICE VOTE ALL THOSE IN FAVOR SAY, AYE. AH! SUPPOSE THE EYES HAVE IT, MADAM CLERK IF YOU WOULD SEND THIS TO THE CONSENT CALENDAR AND SAYING THAT THIS THESE TWO ITEMS ARE COMPLETED, MORALLY AGENDA ITEMS TODAY I HEREBY MOVE THAT THIS MEETING BE CLOSED. THANK YOU. MM HMM.
* This transcript was compiled from uncorrected Closed Captioning.