City Council Minutes 2013 07 16 - Laserfiche WebLink

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City Council Meeting Minutes July 16, 2013 Page 10 of 25 to exceed $380,000. The LRC TIF Agreement terminates 12/31/2014 if improvements are not complete; Agreement is subordinate to prior LRC commitments. The LRC approved the TIF Agreement on July 8, 2013, subject to City Council approval. The Cooperation Agreement must be approved by resolution determining the City's interests in connection with such bonds or other obligations are adequately protected. The Agreement is not an obligation of the City of Louisville. All other agreement with the LRC are superior to this LRC obligation. Economic Development Director DeJong noted the following additional language to Section 2 of Resolution No. 38, Series 2013: "and the City Council determines that the City's interest in connection with the Property Tax Increment Rebate Agreement with Tract One, LLC are adequately protected ". COUNCIL COMMENT Council member Loo inquired about the Louisville Revitalization Commission vote on this Agreement. Economic Development Director DeJong stated the vote was 5 -0, with one abstention. Vice -Chair Hernandez abstained from voting because he conducted the traffic study for the developer. Mayor Muckle explained the Louisville Revitalization Commission is concentrating on the core area and each property funding improvements on the site. He noted there was a previous Business Assistance Package for a business within this core area. MOTION: Council member Jasiak moved to approve Resolution No. 38, Series 2013, seconded by Council member Loo. Roll call vote was taken. The motion carried by a vote of 7 -0. DISCUSSION /DIRECTION /ACTION CITY SERVICES FACILITY LOCATION Mayor Muckle requested a staff presentation. City Manager Fleming explained the City staff is seeking direction on whether the City Council is willing to consider acquiring another site to construct the City Service Facility (CSF), or whether the staff should concentrate only on reconstructing the CSF at the existing site on Empire Road. Capital Projects Manager Trettin explained the CSF is home base for numerous City staff from the Public Works and Parks and Recreation departments. The current facility is old, undersized and creates some safety risks. Staff began to explore other sites in Louisville, which might work better than the existing CSF location. Suitable property large enough is currently very limited. There is one site currently for sale in the Colorado Technology Center (CTC), which might be feasible. This existing site would involve removing the City Service Center buildings on the site and re- grading the entire site to accommodate two new shops and office buildings, as