This called meeting of the Board of Directors of the Jefferson County School District Finance Corporation was called to order on Monday, October 14, 2013, at the VanHoose Education Center, 3332 Newburg Road, Louisville, Kentucky 40218 at 6:50 p.m.

• Agenda 10 14 13
• Meeting Notice 10 14 13

This action is necessary for the orderly operation of the Corporation.

President Donna Hargens recommends that the minutes of the Board of Directors, which was held on June 10, 2013, as presented, be and are hereby ratified and approved, and shall be entered into the minutes book of the Corporation.

The Louisville Renaissance Zone Corporation (LRZC), through its efforts to promote airport-compatible redevelopment in the Minors Lane area, has made public infrastructure improvements, and has entered into various purchase and sale agreements to sell land for commercial and industrial development in the area immediately surrounding Minors Lane Elementary School.

In furtherance of these redevelopment efforts, the LRZC has filed an application with Louisville Metro to legally close Shuck Lane and Lortay Road, which are currently used to provide secondary access to Minors Lane Elementary. 

In exchange for the Corporation’s consent to the road closures, the LRZC has agreed that the closure shall be subject to LRZC’s and the Corporation’s execution and recording of a document providing that:

1. Lortay Road and Shuck Lane shall not be physically closed or removed until LRZC provides a permanent access easement and completes construction of a new access road from Minors Lane to the existing parking lot at the rear of Minors Lane Elementary School, which shall be designed and constructed at the sole cost and expense of LRZC;
2. The new access road shall be of similar width as Shuck Lane, and shall have lighting installed similar to the existing lighting on Shuck Lane at the sole cost and expense of LRZC;
3. The new access road shall be maintained (except snow removal) solely by LRZC, its successors and assigns; and
4. Prior to the physical closure and removal of Lortay Road and Shuck Lane, LRZC shall at its sole cost and expense, remove the existing fence and clean up the fence line along the south property line of the Minors Lane Elementary School property, and shall install a new fence along the south property line of the Minors Lane Elementary School property.

Approval of the attached Consent to Street or Alley Closure by the Finance Corporation, by and through its Board of Directors, is recommended, subject to and conditioned upon approval of the same by the Board of Education.

Attachment

• *Resolution Concerning Louisville Renaissance Zone Corporation
• Consent to Street or Alley Closure and Waiver of LDT Notice

President Donna Hargens recommends that the Board of Directors approve the attached Resolution authorizing the President of the Corporation to sign the attached Consent to Street or Alley Closure subject to the conditions set forth therein.

A motion to adjourn