City Council Minutes 2012 03 06 - Laserfiche WebLink

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City Council Meeting Minutes March 6, 2012 Page 4 of 12 Staff recommended approval of Resolution 20, Series 2012, which authorizes a Business Assistance Package similar to those recently, offered to other new retail ventures in the City, contingent upon the opening of the store no later than December 31, 2012. The requested assistance would be funded by incremental new sales tax from the project. The package to Wild Woods is consistent with a $90,000 investment. The proposed BAP includes the following provisions: • Rebate 40% of the incremental sales tax revenues collected by the City and attributable to retail sales from new business activity in the City of Louisville for the first three years of operation. • Incremental assistance would NOT be provided if Wild Woods has not commenced operation on or before December 31, 2012. • Total assistance would be capped at $18,000. • The City would receive full benefits from permit fees • The maximum three-year rebate would run concurrently with the opening and first three years of operation of the restaurant. • In the event that within 5 years of the commencement of the rebate term, this restaurant terminates their business for any reason, Wild Woods would pay back the total amount of sales tax rebated by the City. MOTION: Councilor Keany moved to approve Resolution No. 20, Series 2012, seconded by Councilor Yarnell Roll call vote was taken. The motion carried by a vote of 6-0. Absent: Mayor Pro Tern Dalton. DISCUSSION/DIRECTION — LOVRIEN CONSERVATION EASEMENT, 750 ST. ANDREWS LANE Planning Director Russ requested this matter be reviewed later on in the meeting as the applicants were not yet present. Mayor Muckle stated the Council would consider the next agenda item and then recall this discussion/direction item. UPDATE — MCCASLIN BOULEVARD/WASHINGTON AVENUE PEDESTRIAN/BICYCLE UNDERPASS Mayor Muckle requested a staff presentation. Planning Director Russ explained the Planning Division has forwarded the underpass design to the Public Works Department for the cost analysis. The project began with a public outreach last spring, to discuss a safer crossing for pedestrians and bicyclists between Harper Lake and the Davidson Mesa Open Space. Five alternatives were presented to the Public, Open Space Advisory Board, Planning Commission and City Council with the underpass alternative emerging as the preferred alternative. City Manager Fleming noted the additional materials distributed this evening were not included in the packet.