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Revitalization Commission <br />Minutes <br />September 10, 2012 <br />Page 2 of 3 <br />Public Comments <br /> – Troy commented that staff wants to meet with RTD to try <br />and achieve more flexibility with regard to parking. This will be added as a future <br />agenda item. <br />Reports of the Commission <br /> – Carlos spoke favorably about the special session <br />from last week. <br />Business Matters of the Commission <br /> – <br />Loftus Development of Safeway Property— <br />a. <br />Aaron provided a background of the project. <br />Mike asked if the grocery store would getbuilt if there is no tenant <br />first. Troy said it was too preliminary to address this scenario now. <br />Carlos asked how the plan fits with the future street extension of <br />Centennial. Troy said there was no relationship between the two. <br />Carlos asked about the retention pond location, and recommended <br />another site be considered. <br />b.Joint Meeting with HPC <br />Meeting is set for September 27, in the evening. <br />LRC will meet in advance to be prepared to talk to HPC, on <br />September 17 from 6:30 to 8PM at City Hall. Aaron to confirm. <br />Questions from HPC will be reviewed during the meeting. <br />c.LRC Draft Budget. <br />Presented by Aaron and the Finance Director for the City, Kevin <br />Watson. <br />LRC needs to make recommendation on the budget for <br />presentation and approval by Council. LRC recommended <br />approval. <br />d.Presentation of Initial TIF Analysis from Potential URD Projects. <br />Aaron passed out spreadsheets of the analysis, showing years <br />2011 through 2031, and requested feedback. <br />Carlos suggested trying to get RTD to contribute some funding. <br />Aaron explained the assumptions made regarding bonding <br />capacity. <br />Carlos recommended we not be overly prescriptive; need flexibility <br />to account for changes. <br />Sam said bonding is not the only option to help finance <br />improvements. <br />3 <br /> <br />