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<br /> <br /> <br /> <br /> <br /> <br /> <br />BUSINESS RETENTION AND <br />DEVELOPMENT COMMITTEE <br />SUBJECT: ECONOMIC DEVELOPMENT UPDATE <br /> <br />DATE: MAY 6, 2013 <br /> <br />PRESENTED BY: AARON DEJONG, ECONOMIC DEVELOPMENT <br /> <br />Historic Grain Elevator – The City Council approved City Staff to negotiate an <br />agreement with the Olde Town Group on the stabilization and redevelopment of the <br />historic Grain Elevator property. I have had an initial meeting with Olde Town Group to <br />discuss the issues relating to the redevelopment. Staff has also had a meeting with <br />Randy Caranci, the neighboring property owner, to try and solve the property boundary <br />issues. <br /> <br />Highway 42 Revitalization – The term sheet for LRC financial assistance towards the <br />public infrastructure in the Core Project Area is in the final stages of approval. City <br />Council has held a study session on the issue, the LRC will do a final review of the <br />document, and then it will go on a future City Council regular meeting for approval. <br /> <br />Phillips 66 Property – No significant interest has been received from large, single users <br />for the property. Interested developers have a desire for mixed-use developments. <br />Staff has communicated the community concerns over additional residential in the <br />community and would be a significant issue for a redevelopment that proposes <br />residential. <br /> <br />Comprehensive Plan – The City Council is having its third public hearing on the 2012 <br />Comprehensive Plan on May 7th. The main areas of the community still being debated <br />are the Centennial Valley and South Boulder Road areas. <br /> <br />Business Attraction – The City Council recently approved a Business Assistance <br />Package for Horizon Ag-Products, a California bioscience company. They are looking <br />to relocate their headquarters and R&D operations to Louisville. <br /> <br />Commercial activity is picking up and staff is working with several companies interested <br />in Louisville. <br /> <br />ICSC – The annual trip to the ICSC ReCon conference is May 19-21. Several meetings <br />have been scheduled including Walmart, Walgreens, Tebo Development, Louisville <br />Plaza. Others are being scheduled as well. <br /> <br />