Louisville Jefferson County Riverport Authority

The Louisville Riverport Master Plan is a transformational blueprint designed to modernize the Riverport's infrastructure, enhance resilience, and support advanced industries. It encompasses the redesign of the marine terminal, improved flood protection, and enhanced rail and roadway infrastructure. The plan also prioritizes sustainability, optimized land planning, and identifying infrastructure improvements to facilitate advanced manufacturing, supply chain automation, and 21st-century logistics, aiming to position the Riverport for long-term economic growth and regional and national competitiveness.

The Board meeting included updates on Foreign-Trade Zone and Railroad matters, as well as a review of the Board Monitoring Report as of November 30, 2021. The Board held an Executive Session to discuss pending and potential real estate and legal transactions, legal matters, business proposals, and personnel matters. Following the Executive Session, the Board unanimously approved an Employment Contract for the Executive Director, Ozzy Gibson, setting an annual sum of $70,000 effective November 15, 2021.

Key discussions during the meeting included the acceptance of the Fiscal Year 2023 Audit, adopted via Resolution Number 5, Series 2024. The Board also addressed the requirement to update the Kentucky Public Employees' Deferred Compensation Authority Joinder Agreement, executing a Joinder Agreement via Resolution Number 4. Resolution Number 3, Series 2024, adopting the Cash Management Policy update, was also passed. Furthermore, the proposed Fiscal Year 2025 Operating and Capital Budgets were discussed and adopted via Resolution Number 2, Series 2025. Financial Information and the Board Monitoring Report as of April 30, 2024, were presented. Two new reports regarding the Foreign Trade Zone and Real Estate were discussed and added to the public record. The session concluded with an Executive Session to discuss pending real estate, legal matters, business proposals, and personnel issues.

The meeting included the introduction of new mayoral appointments, Bonnie Michael (Board Director) and Ozzy Gibson (Executive Director). Key business items involved an update on Foreign-Trade Zone matters, noting a new activation by UPS, and a review of the Board Monitoring Report as of October 31, 2021. The Board subsequently approved a resolution authorizing an officer to execute an Estoppel Certificate for the property at 7111 Trade Port Drive, based on counsel's recommendation. Following an Executive Session to discuss real estate, legal, business, and personnel matters, the Board reconvened and approved resolutions related to executing pending real estate sales to Huntington Industrial Partners-Southeast, LLC and House Foods America Corporation.

The Board convened a regular teleconference meeting. The proceedings included an Executive Session to discuss pending and potential real estate and legal transactions, business proposals, and personnel matters. In open session, the Board authorized the settlement of the Excel Excavating, Inc claim for work performed at Phase 5 for the sum of $60,000, with $20,000 provided by QK4. The Board also authorized the Executive Director to execute the Executive Vice President Contract. Discussions covered the Foreign-Trade Zone Report, Railroad Grants status, including an update on the Petition for a Declaratory Order filed with the U.S. Surface Transportation Board, and the DRAFT Master Strategic Plan. A change order of $43,654.10 for the Flynn Brothers Contracting, Inc. project at Phase 5 was approved, resulting in a total completed project cost of $3,637,724.