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LCity,/ <br />Louisville <br />CITY COUNCIL COMMUNICATION <br />AGENDA ITEM 2 <br />COLORADO • SINCE 1878 <br />SUBJECT: CITY COUNCIL JOINT MEETING WITH REVITALIZATION <br />COMMISSION <br />DATE: MARCH 11, 2025 <br />PRESENTED BY: VANESSA ZARATE, CECD, ECONOMIC VITALITY MANAGER <br />SUMMARY: <br />The Louisville Revitalization Commission (LRC) meets monthly to carry out the adopted <br />urban renewal plan. In an effort to prioritize time and projects, the LRC has adopted a <br />2025/26 Work Plan. This work plan highlights the LRC's priorities for the next two years <br />and identifies potential next steps in accomplishing goals. As many of the projects the <br />LRC invests in and participates in are long-term real estate development, the two-year <br />work plan is intended to reflect the long term investment by the LRC and private sector <br />partners. Staff intends to work with the LRC over the next two years to implement the <br />plan and create a new work plan as needed. <br />The LRC would also like to work with City Council on discussion of the Cooperation <br />Agreement ("Agreement") between the two bodies. The Agreement has been in place <br />since 2006 and outlines roles and responsibilities between the LRC and Louisville City <br />Council. The LRC would like to start a conversation with City Council on potential <br />amendments to the Agreement that would foster greater collaboration between the <br />bodies and an easier approval process for applicants. The Agreement has been <br />amended previously and the LRC would like to start the conversation about additional <br />potential amendments with the City Council at this joint meeting. If consensus is <br />reached, Staff would work with the LRC and legal representatives to draft potential <br />amendments to the Agreement for vote by the LRC and Louisville City Council. <br />FISCAL IMPACT: <br />There is no current fiscal impact to discussions during the joint meeting. <br />RECOMMENDATION: <br />Staff recommends the Louisville Revitalization Commission and Louisville City Council <br />discuss the 2025/26 LRC Work Plan and the Agreement and provide feedback as <br />needed. <br />ATTACHMENTS: <br />• LRC 2025/2026 Work Plan <br />• 2006 Cooperation Agreement <br />• 2011 Amended and Restated Cooperation Agreement <br />• 2015 Amended and Restated Cooperation Agreement <br />• 2023 Amended and Restated Cooperation Agreement <br />