Revitalization Commission Agenda and Packet 2012 12 10

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Revitalization Commission Minutes November 13, 2012 Page 2of 3 Reports of the Commission– Business Matters of the Commission– a.Attorney Fee Revision. Unanimous approval of motion for fee increase from Light, Kelly & Dawes, P.C.; rates good for two years. b.Appointment of BRaD members. Michael offered to continue serving as a representative of LRC, and expected Rob would like to continue serving as well. Motion was approved unanimously. c.RMCS presentation for DELO project. Justin presented some of RMCS’s findings, passed out ahandout showingopinion of probable cost for public horizontal infrastructure improvements. Mike asked about how much the improvements would impact neighboring properties. Karl asked how to quantify who benefits and how much. Malcolm discussed getting compensation from other property owners, and Aaron mentioned he spoke to the Assessor about the impacts to other property owners. Justin noted the estimated price of $3.89M doesn’t represent all infrastructure costs. He’d like to be confident the improvements will result in a payback on the investment, and stressed the importance of having a timeline and moving quickly. d.Arnold property presentation. Family representative Wade Arnold and architect Gary Brothers discussed their proposal and showed a plan drawing.The plan showed a re-alignment of Cannon Circle to get access to Hwy 42 at a stoplight intersection, which would extend commercial development off of the main roads. 31,500 s.f. of new commercial would replace existing 12,000 s.f. Residential on the west side of the property would be extended, consisting of48 dwellings of single and multi-family units. A pedestrian/bike route would be created through the area. They have worked with Fordyce, and gotten his support. Preferred assistance from LRC would be in the form of extending Cannon and Front streets, adding a light at Cannon and the ped/bike path. It is critical for this proposal to have signalized access. They’d like tostart as quickly as possible. e.Discussion of TIF application. A new application for LRC assistance was presented by Aaron. Michael stated it is hard to calculate bleed over of improvements from one project to the surrounding area. Sam suggested the app. contain more information on funding of the project and that the LRC reserve the right to keep the application process iterative. Alex suggested taking out “financial” in front of assistance.