City Council Agenda and Packet 2014 01 07

Home Browse Search

Special Meeting Minutes City of Louisville City Council & Town of Superior Board of Trustees December 16, 2013 Page 8 of 10 Council member Jasiak asked for clarification on the term commercial tax generating. Mayor Pro Tem Cirelli explained some commercial use could happen, but the Town wants as much retail as possible and they want those businesses to be successful. Council member Stolzmann addressed the proposed plan for 250,000 square feet of parking. Mayor Andrew Muckle stated it is difficult to project, but their hope is for plazas and restaurants. He would like to have the whole development built out, but it is dependent upon the market. Mayor Pro Tem Cirelli stated they received the first proposal for the infrastructure for Main Street and the core area. The Ice Center will come in next. Mayor Robert Muckle inquired whether there was a single property owner. Mayor Pro Tem Cirelli confirmed there is a single property owner, who will sell lots and then the development of each piece of property will have to be approved by the Board. City Manager Fleming explained, with respect to the IGA, the key parcels are Ranch Sports and the hotel, which could satisfy the 250,000 square foot requirement if retail development. There is the additional 40,000 square feet of retail along McCaslin, for restaurant and retail at the Town Center. Mayor Pro Tem Cirelli stated some of the commercial office space will generate the need for restaurants and retail. The residential is needed because Rock Creek and original old town would not be enough to support a Town Center. Mayor Andrew Muckle noted Superior has a lot of housing stock, single - family detached homes, but they need to diversify their housing stock. City Manager Fleming addressed the revenue structure and noted this development would allow Superior to reduce their general fund support for their enterprise utility fund. Mayor Andrew Muckle confirmed the utility district in the Rock Creek development created a large amount of debt, which requires an annual one million dollar general fund transfer each year to maintain reasonable utility rates. This development would pay off all of the utility debt and allow the one million dollars to remain in their general fund and would also help fund the Windy Gap Firming Project. Council member Keany addressed the 40,000 square feet of sales tax generating commercial in the Ranch Sports Shop and inquired whether it could be maintained for the long term. He asked if the project contains a pro shop or a restaurant. Mayor Andrew Muckle stated there is a restaurant, which would generate sales tax. 27