City Council Minutes 2012 11 05 - Laserfiche WebLink

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City Council Meeting Minutes November 5, 2012 Page 7 of 14 PUBLIC COMMENT Michael Menaker, 1827 West Chokecherry Drive, Louisville, CO addressed Section (iv) "That the LRC may repay at any time without penalty any amounts payable under this Agreement, and may make payment with any source of funds available to the LRC". He stated the intent is to accelerate the project and implement a quicker repayment process. COUNCIL COMMENT Council member Jasiak addressed the first WHEREAS of the Resolution and suggested the following new language: "WHEREAS, the Louisville Revitalization Commission is charged with stimulating growth and reinvestment within the Area boundaries, on surrounding blocks and throughout downtown". City Attorney Light suggested Council member's Jasiak added language be inserted before the existing language in the first WHEREAS to read: "WHEREAS, the Louisville Revitalization Commission is charged with stimulating growth and reinvestment within the Area boundaries, on surrounding blocks and throughout downtown and addressing issues contributing to blight within the Urban Renewal Area." There was Council consensus. Council member Loo thanked the members of the LRC for bringing the IGA for funding the South Street Gateway project forward. Mayor Muckle stressed the importance of including this in the C-I-P budget. MOTION: Mayor Pro Tem Dalton moved to approve Resolution No. 68, Series 2012, as amended. Council member Loo seconded the motion. Roll call vote was taken. The motion carried by a vote of 7-0. RESOLUTION No. 69, SERIES 2012 —A RESOLUTION APPROVING AN AMENDED FINAL PLANNED UNIT DEVELOPMENT (PUD) PLAN TO ALLOW FOR THE CONSTRUCTION OF A 55,000 SF BUILDING IN PHASE 1 AND 10,500 SF ADDITION IN PHASE 2 AT 101, 1738, AND 1797 TAYLOR AVENUE; LOTS 15, 16, AND 17, BLOCK 1, THE BUSINESS CENTER AT CTC Mayor Muckle requested a staff presentation. Planning Robinson explained the applicant, Pearl Izumi, is requesting approval of an amended final Planned Unit Development (PUD) to allow for the construction of a 55,400 SF research and office building in Phase I, with a 10,500 SF addition in Phase II, to serve as the company's North American headquarters. The site is located in the Colorado Technology Center, between Taylor Avenue and Highway 42. Pearl Izumi currently leases space at 1886 Prairie Way, a block south of the proposed new building.