City Council Agenda and Packet 2013 07 02

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City Council Meeting Minutes June 18, 2013 Page 5 of 12 Economic Development Director DeJong updated Council of the economic development in Louisville during the months of April and May. ICSC Trip — The Mayor, City Manager and Economic Development Director DeJong attended the ICSC Real Estate Conference in Las Vegas May 19-21 and met with the City's largest retailers and retail property owners including Lowe's, Home Depot, Sam's Club, Tebo, King Soopers, Louisville Plaza, and Walgreens. They visited several retailer booths to inquire about expansion plans in Colorado and our region in particular. The City maintains good relationships with existing national retailers and has started to make good relationships with new potential retailers. Historic Grain Elevator — Negotiations continue on an agreement with the Olde Town Group to outline the commitment from each party through the stabilization phase of the project. There are many details to consider and it is taking longer than anticipated. Negotiations continue on resolving the property boundary issues. Highway 42 Revitalization — The LRC agreed to a Term Sheet on financing related to new public infrastructure for the Core Area of the Highway 42 Revitalization Area. The next step in this infrastructure assistance will be to prepare a Core Area Infrastructure Agreement and the bond sale documents. ARC Thrift Stores opening in Louisville Plaza: ARC will open June 27th at the former Big Lots location on South Boulder road. The ribbon cutting is June 27th at 8:30 am. BAPS — New Business Assistance Packages approved over the last few months include Benjamin West, Canaima Outdoors, Horizon Ag-Products, and Twelve Degree Brewing. Site Visits — A few confidential companies have held site visits in the community. They would provide significant job creation opportunities for the community. Phillips 66 Property — No additional interest has been received by the City for the property. CBRE continues to market the property for the Company. DISCUSSION — FOOD TRUCK COMMUNITY PARK EVENT Mayor Pro Tem Dalton requested a staff presentation. Parks and Recreation Director Stevens explained two "Food Truck in the Park" events have been held so far this year and each has drawn between 2,000 to 2,300 people to Community Park. Council and the public were asked to share their perspectives on the impact the Wednesday evening events have had on the neighborhoods, the restaurants throughout Louisville and the community at large. Staff and the event sponsor, Todd Stevenson, Project Louisville LLC, will use this information to help 18