City Council Agenda and Packet 2014 01 07

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Special Meeting Minutes City of Louisville City Council & Town of Superior Board of Trustees December 16, 2013 Page 2 of 10 PUBLIC COMMENTS ON ITEMS NOT ON THE AGENDA There were no public comments. DISCUSSION ITEMS Mayor Andrew Muckle welcomed the Louisville City Council and noted it was an opportunity to meet with their neighbors. Mayor Robert Muckle voiced his hope the meeting would clear up a lot of questions. A. LOUISVILLE- SUPERIOR REVENUE SHARING IGA Louisville staff presentation: City Manager Fleming explained in 1997 the City of Louisville and the Town of Superior entered into an agreement to settle some long standing issues within the community regarding US 36. It also provided a logical boundary between the two communities and addressed the disconnection of the north Louisville property and the south Superior property so those properties could be managed by the respected communities on their side of US 36. It provided for sharing 50% of sales tax derived in those two areas at a rate of 2.7 %. The IGA was amended in 2005 to provide the following provisions: The requirement for the Town of Superior to provide a minimum of 250,000 square feet of retail, sales -tax generating development on the South Property as part of its approval of the Preliminary PD /Zone District Plan for the development on the South Property and Superior shall not permit or approve any development that does not contain such minimum amount of retail, sales -tax generating square footage. With such approval, Superior shall also require a phasing plan requiring certificates of occupancy issued for at least 125,000 square feet of retail, sales -tax generating development before certificates of occupancy are issued for the more than 30 percent of the total number of permitted residential dwelling units or 500 dwelling units, whichever is more, but not to exceed 700 dwelling units. The IGA establishes a framework for revenue sharing on either side of the US 36 Highway. The 5 -acre parcel on the Louisville side and the 80 -acre parcel on the Superior side are subject to the terms of the IGA. The City of Louisville formally communicated their concerns about the proposed Town Center Development and whether it complies with the terms of the IGA. The City of Louisville is concerned about the issue and has not received a formal response from the Town of Superior. The purpose of the meeting was to ascertain the Town of Superior's intent to comply with the IGA and if the proposed development accomplishes compliance. COUNCIL /BOARD QUESTIONS COMMENTS 21