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Special Meeting Minutes <br /> City of Louisville City Council & <br /> Town of Superior Board of Trustees <br /> December 16, 2013 <br /> Page 8 of 9 <br /> City Manager Fleming explained key parcels in the plan are Ranch Sports and the hotel <br /> site, and the additional 40,000 square feet of retail along McCaslin, for restaurant and <br /> retail at the Town Center. <br /> Mayor Pro Tern Cirelli stated some of the commercial office space will generate the <br /> need for restaurants and retail. The residential is needed because Rock Creek and <br /> original old town would not be enough to support a Town Center. Mayor Andrew <br /> Muckle noted Superior has a lot of housing stock, single-family detached homes, but <br /> they need to diversify their housing stock. <br /> City Manager Fleming addressed the revenue structure and noted this development <br /> would allow Superior to reduce their general fund support for their enterprise utility fund. <br /> Mayor Andrew Muckle confirmed the utility district in the Rock Creek development <br /> created a large amount of debt, which requires an annual one million dollar general fund <br /> transfer each year to maintain reasonable utility rates. This development would pay off <br /> all of the utility debt and allow the one million dollars to remain in their general fund and <br /> would also help fund the Windy Gap Firming Project. <br /> Council member Keany addressed the Ranch Sports Project and inquired whether it <br /> could be maintained for the long term. He asked if the project contains a pro shop or a <br /> restaurant. Mayor Andrew Muckle stated there is a restaurant, which would generate <br /> sales tax. Planning Director Russ stated the details in the plan are for flex space, with <br /> labels for a pro shop and coffee shop. He noted it would be helpful to know how the <br /> retail is documented. <br /> Town Attorney Carberry stopped the conversation and stated the Town Board will begin <br /> a public hearing at 7:00 p.m. with discussion on Ranch Sports. She stated it would not <br /> be fair to the applicant to go into any details. Council member Keany stated the City <br /> would find comfort in knowing the details when they are available. <br /> Council member Lipton discussed development and redevelopment and inquired <br /> whether there was any opportunity to revisit the IGA. Mayor Pro Tern Cirelli explained <br /> their position is that the IGA does not encumber redevelopment. Town Attorney <br /> Carberry confirmed their position the IGA does not encumber redevelopment. <br /> Council member Stolzmann noted the original IGA required all retail and was amended <br /> to allow residential. Mayor Andrew Muckle stated the Town's interest is completely <br /> aligned with the interests of Louisville. He stated the communication perhaps wasn't <br /> the best, but the Town of Superior's interests are in compliance with the IGA. He noted <br /> the market will dictate the development. <br /> C. OTHER ITEMS <br />