City Council Minutes 2013 12 16 SP

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Special Meeting Minutes City of Louisville City Council & Town of Superior Board of Trustees December 16, 2013 Page 6 of 9 component is located in the south portion of the development. He stressed it does not minimize the retail component. He stated the Town fully expects to be compliant to the IGA. Mayor Robert Muckle agreed it makes sense to maximize sales tax. Mayor Pro Tem Cirelli stated the residential component is not coming in first and the Ice Center will be the anchor for the development. They hope a lot of revenue generating development will occur around the Town Center. Mayor Andrew Muckle addressed the projected 1.5 million trips over US 36 per year and stressed those trips were also made to the Home Depot, Albertsons and other services in Louisville. Mayor Robert Muckle inquired when the new Ice Center would open. Mayor Pro Tem Cirelli stated they have a meeting this evening, which will outline the process. The developer is targeting December of 2014. Mayor Andrew Muckle stated the construction will be in phases. Mayor Pro Tem Cirelli stated they don't have any information on the opening date for the hotel. The developer is working with a hotel, which may go in 2015. Mayor Andrew Muckle stated the developer has incentive to bring in the hotel because they are being reimbursed from TIF property taxes. Mayor Pro Tem Cirelli noted there is another potential hotel site. Trustee Pennington stated until the hotel in Superior goes in, Louisville will be the beneficiary of the Ice Center visitors in terms of hotels and restaurants. Trustee Williams stated the most important decision for the Board is diligence toward the developer and making sure the appropriate amount of retail sales generating tax is contained in the plan. Mayor Andrew Muckle stated Superior will be committed to keeping track of the square footage for generating retail sales tax. Council member Lipton felt there has been a good working relationship with the Town of Superior. He found it strange that the City's letters and requests for information were met with silence. Mayor Andrew Muckle stated the Town sends out referral letters to many agencies, and is happy to receive their input, but they don't necessarily reply back to them. Council member Lipton stated a letter was sent to the Town requesting a response. Mayor Pro Tem Cirelli stated there has been communication back and forth between the City Managers.