City Council Minutes 2011 10 04 - Laserfiche WebLink

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City Council Meeting Minutes October 4, 2011 • Page 6 of 11 • Arnold site at Hwy 42 and South Boulder Road - CDOT has issued an access permit to allow a signalized intersection south of Fordyce Auto Center when traffic counts warrant it. • Thus far a total of 24 Business Assistance Packages have been approved since the program's inception. • The Big Lot Store will close in February of 2012. • A new frozen yogurt outlet "Put a Spoon in It" will open in the Centennial Valley. • The Imperial Fez Moroccan Restaurant will open in October in the Marketplace. • Discussion at the Colorado Real Estate Conference in Denver centered on raw land development. • Discussion on visible commercial signage for businesses along McCaslin Boulevard. • Udi's will close their restaurant at the CTC center and concentrate on its wholesale bakery business. DISCUSSION/DIRECTION/ACTION — LOVRIEN CONSERVATION EASEMENT (750 ST. ANDREWS LANE) • Mayor Sisk requested a staff presentation. Planning Director Russ reported the applicant has asked for a continuance to a future meeting date. Staff would bring this matter to Council within the next four City Council meetings. PRESENTATION — CITY MANAGER'S PROPOSED 2012 BUDGET AND 2012 —2016 CAPITAL IMPROVEMENTS PLAN — Set Public Hearing — October 18, 2011 Mayor Sisk requested a staff presentation. City Manager Fleming reviewed the Proposed 2012 Budget for all funds and described the proposed budget both by programs and by individual funds. Key Factors in the City's Fiscal Health: • Voters approved the Use Tax last November • Building activity generating an increase in permit and building use tax revenue • Louisville is recognized as a destination for food/fun resulting in sales tax • Council's actions in late 2009 and early 2010 to bring the City's expenditures and revenues back into balance even with the loss of Sam's Club and Safeway. 2012 Budget Focus Areas: • Increase funding for street resurfacing