City Council Minutes 2011 10 04 - Laserfiche WebLink

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City Council Meeting Minutes October 4, 2011 111 Page 5 of 11 the country. They wish to stay in Louisville and requested consideration of the Business Assistance Package. COUNCIL COMMENT Mayor Sisk requested clarification on the total amount Business Assistance Package. Economic Development Director Star stated the total would be under$15,000, at a 50% level. Mayor Sisk supported the 75% on the building permit assistance and requested the use tax be capped at 75%. He asked the applicant for a date certain when he would expand his business in Louisville. Mr. Yearsley stated they will begin the building permit process shortly. He explained they would have to relocate employees from the east coast and close offices there. He hoped to be fully located in Louisville in 2012. MOTION: Councilor Dalton moved to approve Resolution No. 68, Series 2011, with an amendment to raise and cap the value of the building permit assistance and use tax at 75%. Councilor Sackett seconded the motion. Roll call vote was taken. The motion carried by a vote of 7-0. CHAMBER OF COMMERCE ANNUAL UPDATE • Louisville Chamber of Commerce Executive Director Shelley Angell thanked the City Council and the Street and Parks Division for their support of their two annual events; the Taste of Louisville and the Parade of Lights. She noted this year's Taste of Louisville was the most successful event ever. She updated Council on the Chambers activities over the last year including the first Louisville/Lafayette Joint Business Showcase; preparation of the Chamber Directory for 2012, with a large listing for ConocoPhillips, and the Ambassador's Program, which consists of five site visits a quarter to Louisville businesses. She introduced Louisville Chamber of Commerce members, Administrator Lani Melvin, President John Benedetti, and Director Sharon Szabados. They presented a clock to Mayor Sisk for his dedicated service to the City of Louisville. BI-MONTHLY ECONOMIC DEVELOPMENT UPDATE Mayor Sisk requested a staff presentation. Economic Development Director Star updated Council on the following Economic Developments in Louisville: • Sam's Club —Investors may be interested in buying and dividing the building for smaller users. Financing is not available until about 95,000 square feet is leased. • • Safeway. (Village Square Shopping Center) - The contract purchaser has received staff comments and is revising his plans for multi-use at this site.