Revitalization Commission Agenda and Packet 2013 06 10

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Revitalization Commission Minutes May 13, 2013 Page 3 of 4 Carlos asked if the project boundaries on the map can be expanded to include the north side of Griffith and the south side of South Street. The attached map is to show the properties being included within the area for TIF generation, not the area where the funded infrastructure is located. No changes to the boundaries are needed. Sam stated the process for this term sheet will be to seek approval from the LRC today, and then it will move on to City Council for action. Commissioners were asked if they were comfortable moving the estimated public infrastructure amount from $3,500,000 to $4,000,000: all Commissioners were in favor of this. LRC recommended two changes to Closing Conditions:  Evidence that the developer for the DELO project has access to necessary financing to complete the approved project.  Approve final construction submittal for the public infrastructure There was a motion to approve Resolution 13-02 approving the attached Term Sheet with the following changes:  Changing the funding cap from $3,500,000 to $4,000,000  Adding a 5 year no-call provision  Change the title of the map to the Core Project TIF Area Map  Change the closing condition to evidence that the developer for the DELO project has access to necessary financing to complete the approved project.  Change the closing condition to submittal of final construction plans for the public infrastructure The motion carried unanimously. c. Bicycle Facilities Map Troy described the map and said it is not an adopted plan but an amended plan. It will continue to be amended. The map was discussed and Troy said the goal is to have livable shared streets. Several trail connections are still needed. Troy will be bringing design concepts for the South Street Gateway to the June meeting. 100% design will be presented in July.