City Council Study Session Summary 2013 10 22

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City Council Study Session Summary October 22,2013 Page 2 of 4 PUD. The economy is good in Louisville. The Gateway has been approved and it will be a vital connection between the east and west sides of town. The LRC is funding $280,000 in infrastructure improvements in the Safeway redevelopment. The LRC has had a lot of outreach with other Boards. Commissioner Menaker thanked previous Board members for their hard work in laying the foundation. Chair Karl Becker said the Board has built a foundation and it is paying off. They have refined the mission and guiding principles around: advocacy, analyses and action. He said they have been very proactive and are beginning to work with the Historic Preservation Commission (HPC). Commissioner Menaker said the group has been very conservative in the fiscal modeling for TIF revenues. The Highway 42 project is very important and significant changes on the road are coming. Commissioner Tofte said that planning has finally come to fruition and that projects are moving ahead. This past year, the LRC stepped back so that everyone could be brought up to speed and that has benefited the group. Commissioner Gorsevski said that previous projects have moved very slowly. Now, projects like the Gateway, Coal Creek Crossing and Alfalfa's are moving forward and many great things are coming. He thanked previous board members for their hard work. Commissioner Menaker said that the King Sooper Plaza is for sale and hopefully the new buyers will not be absentee owners. The Mayor commented that what was presented in the Council Communication is a good list to work on. Chair Becker has been a great Chair for the LRC. He also thanked Economic Director DeJong for the legwork on behalf of the LRC. The Mayor and Deputy City Manager provided an update on RAMP funding. The City's application did not receive approval for the $11 million it requested. However the City is working to have funding for the project included on the MPAC 64 list, which is a proposal to go to the voters in 2014 for a revenue increase to support transportation improvements throughout the state. The gasline improvement is proceeding and construction is ongoing in 2014-15. Councilmember Jasiak thanked the LRC's effort to coordinate with HPC. Councilmember Sackett is happy the City can see its own potential.