Revitalization Commission Agenda and Packet 2014 05 12

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Revitalization Commission Minutes April 14, 2014 Page 2 of 3 Reports of the Commission: • Fisher and Gorsevski toured the Core Project Area with DELO reps and it was very beneficial to better understand the project. • Urban Renewal legislation is being proposed at the State. City Staff is watching its progress. Menaker made a motion to have staff write a letter to our area legislators if needed. Seconded by Lathrop. Motion approved. Business Matters of the Commission — a. Engagement Letter with Butler Snow: • Costs were defined by Butler Snow. Attorney Light did not have any concerns about the fee. He stated the LRC needs bond counsel and feels Butler Snow has the experience necessary. • LRC must send the Core Area Agreement to Butler Snow. • Motion was made and approved to sign the engagement letter b. Parking Study Update: • Planning and Building Safety Director Troy Russ presented an update to the Downtown Parking and Pedestrian Action Plan. • A committee has been formed comprised of people representing downtown interests, neighborhood interests and City of Louisville. • This group will forward recommendations based on information gathered from the detailed study done last summer which updated a 2010 parking study. • There are a range of solutions including: • Supply improvements • Management /Enforcement improvements • There will be a meeting on April 30th for feedback on recommended solutions • The committee is looking for feedback. o We do not have mass transit to support less parking o Residents need to self - regulate o Can we look at lease options? o Is alley parking feasible? o Can we use Blue Parrot parking? c. DELO Infrastructure Update /Discussion: • Justin McClure gave an update on the DELO project. • There was a discussion of expanded infrastructure to the project. • Commissioner Gorsevski is supportive of the upgrades and feels it can be a catalyst. • Commissioner Lathrop feels we need the maximum bond • Commissioner Tofte thinks the improvements to South Street should be included • Commissioner Menaker feels all the risk is on the investor buying the bonds and there is no risk to the City of Louisville 3