Business Retention and Development Committee Agenda and Packet 2012 05 07

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Business Retention & Development Committee Meeting Minutes April 2, 2012 Page 2 of 4 INTRODUCTION OF AARON DEJONG, NEW ECONOMIC DEVELOPMENT DIRECTOR City Manager, Malcolm Fleming, did the honors of introducing Aaron DeJong, new Economic Development Director for the City of Louisville and will replace Bonnie Star who is retiring. Malcolm indicated that Aaron received "glowing remarks" from his references. Aaron will be a tremendous asset to the City and a great addition to our team. Aaron summarized that he has been the Assistant Director of Economic Development in Dubuque, Iowa for 6 years. He has worked on incentive packages for the downtown redevelopment project and also indicated that the City of Dubuque is in the middle of an historic renovation. Bonnie Star offered that Aaron will work with economic development with Metro Denver, and Chairperson Sackett welcomed Aaron and said that the BRAD group wants Aaron to be successful. RETENTION MEETING — Cooper Tea — Bonnie Star and Rob Lathrop — the trip to Cooper Tea was a very rewarding retention visit that had been long in the making. Bonnie was excited to finally get a retention visit scheduled and both Bonnie and Rob met with Barry Cooper for a short time and President, Mike Fitzgerald. Cooper Tea currently has 13 employees and has been located in the same building in CTC for 10 years. They are in the last stages of acquiring 3rd Street Chai and they are looking to convert approximately 10,000 square feet of office space to warehouse space to house a wet production line. A couple of issues resulted from the meeting, 1) currently Sierra Nevada leases 2,500 square feet of their offices and the hope is that they can move out of their building into their own space to make room for the expansion planned at Cooper Tea and it was reported in this meeting that Sierra Nevada has just signed a lease for another space at CTC, 2) prairie dogs and trash a problem on adjacent property and no luck contacting the owner to discuss these two issues. Per their request, Bonnie gave them a contact at the Colorado Association of Manufacturing and Technology (CAMT). UPDATE ON INTEGRATED INFRASTRUCTURE IMPLEMENTATION PLAN (PLANNING) Planning Director, Troy Russ, gave an update. This week, staff will be meeting with the other partners to establish the final goals and the purpose and need statement. One of the hurdles to overcome on the design of the underpass on South Street will be the current depth of 10 feet. There is an option to reduce to an 8 foot depth but need to finalize some things with Burlington Northern Santa Fe (BSNF). Meeting planned in June to go over the details of all the design alternatives. City Manager Fleming asked could artwork be included in the final design of the underpass? Planning Director Russ said they are planning to include public art for the underpass. Director Russ indicated they need to understand BNSF's position before finalizing options for the underpass. ECONOMIC BRIEFING — Bonnie Star • Pearl Izumi will remain in Louisville in the CTC and construct a new building with underground parking that will house their world headquarters. The plan is for them to be in their new building by September 2013. City Manager Fleming gave thanks to the Downtown Business Association for inviting Pearl lzumi to be one of their VIPs at the Street Faire. • Sam's property — activity is picking up. There were two potential users interested in the property, one has walked away and unsure of the status of the other. • Safeway Redevelopment — development denied at last Planning Commission — developer, Jim Loftus, is still figuring out what his plan will be for resubmitting. • ConocoPhillips — received extension on their preliminary PUD