City Council Minutes 2006 11 08 - Laserfiche WebLink

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City Council Meeting Minutes November 8, 2006 Page 5 of 13 Ty Gee, 253 Hoover Ct., Louisville, CO spoke to the blight study. He asked if the City needs to spend millions of dollars to prevent blight. He urged the Council to reject the urban renewal plan and dissolve the LRC. Rob Lathrop, 601 Johnson Street, Louisville, CO, member of the Louisville Revitalization Commission, addressed the agreements of understanding with Boulder County and the City. He noted LRC decisions on funding and final agreements and projects will be made with Council approval. Ronald Losasso, 498 Eisenhower, L.ouisville, CO stated the urban renewal of this area is an opportunity that may not occur for a long time, if ever again. He encouraged Council to approve the urban renewal development plan. Carleen Smeaton, 1425 Cannon, Louisville, CO stated she has some concerns with the plan, but felt urban renewal would do a lot for the business areas in Louisville. She noted her home has been listed in the blighted area to make way for the rail line. She asked if the relocation would be to an area in Louisville she could afford. Alex Szollosi, 326 Spruce Lane, Louisville, CO noted the power of FasTracks. He supported the LRC and encouraged Council to approve the urban renewal plan stating it would enhance FasTracks. Mayor Sisk asked for Council questions. Council Member Muckle addressed the confusion over the revenue flow in this project. He asked for clarification that property tax increments would be diverted to the urban renewal authority. Attorney City Light responded yes the property tax increment would begin upon the approval of the plan. The plan states the sales tax increment could only be used if the commission first presented a plan for the use to the City Council and Council provided an additional legal approval allowing sales tax use for purposes of the commission. Council Member Sackett expressed there is success and failure in revitalization plans. He commented on the Council's responsibility to manage the City in a fiscally responsible manner. He felt Louisville would prosper and survive whether the plan was approved or not. He stated he could not approve the plan tonight. Council Member Clabots commented on the work put into this process. He spoke to the citizen concerns brought up at the Ward I meeting including urban renewal and condemnation. He asked Planning Director Wood about the general timeline for commercial redevelopment. Wood responded the City has not seen any significant turn over on regional properties.