City Council Minutes 2006 10 03 - Laserfiche WebLink

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City Council Meeting Minutes October 3, 2006 Page 5 of 15 SEPTEMBER ECONOMIC BRIEFING - BECKY HOGAN, EDgE CONSUL TING Becky Hogan, Edge Consulting, 56 Steele Street, Denver, CO briefed Council on the September 2006 economic development activities in Louisville. She reported on the implementation of a real estate database, from which two commercial retail space requests were received. She outlined challenges facing the City, which included the aging of the community's commercial facilities, retail competition from other communities" and baggage carried from previous City Councils. She noted the consequences of the perceptions that Louisville is a difficult community to develop, and explained work has begun on a plan to make Louisville a more viable and sustaining economy. She addressed the use tax issue, and noted surrounding cities already have use taxes in place. She outlined the choices available to the Council to change the perception of development. She noted the entire development community is watching Louisville with respect to the Sun Microsystems property. She encouraged the Council to give direetion to the Business Retention and Development Committee. Council member Muckle inquired as to the viability of development on the Sun Microsystems property. Ms. Hogan reported over 75 RFP's were sent out to developers for proposals on the property. Mayor Pro Tem Brown inquired what a developer would look for in the Sun Microsystems property. Ms. Hogan explained a developer would look at the timing of the development and what the market will allow. A developer will do due diligence on the introduction into the Planning Department to ascertain what is feasible and what will be profitable. Mayor Sisk suggested any developer must look at what will be good for the City of Louisville. Ms. Hogan stressed it is important to formulate a clear message to the development community. Mayor Pro Tem Brown suggested Council give developers a clear message on the vision for the City's development. City Manager Simmons reported the City has received proposals on the Sun Microsystems property and discussions have always included the vision of the Comprehensive Plan. CONDUCTIONS SURVEY & URBAN RENEWAL PLAN RESOLUTION No. 36, SERIES 2006 - A RESOLUTION MAKING LEGISLATIVE FINDINGS DETERMING AN AREA WITHIN THE CITY OF LOUISVILLE TO BE A BLIGHTED AREA AND APPRORIATE FOR INCLUSION IN AN URBAN RENEWAL PROJECT