Revitalization Commission Agenda and Packet 2014 08 11

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Revitalization Commission Minutes June 30, 2014 Page 2 of 5 a. Core Project Area: Attorney Light clarified that DELO may propose taxable and non-taxable bonds. Under the Utility Improvements under private streets, correct typographical error: Commissioner Menaker said if this were being built elsewhere in the city, would it pass? Brew replied if the improvement is dedicated to the City, it should be eligible. if DeJong said McClure said that at the end of the day, these are public improvements that will be owned by the City. Under the Regional Detention discussion, clarify and statements: Commissioner Menaker said it is critical that the Woonerf be built. He would like that contractually obligated and designed to the highest possible level. He said the Comcast property work needs to be done. He does not want the Regional Detention to development jeopardize the project. He feels the utilities under the townhomes are a cost, not urban renewal. DeJong said the questions he will ask Council regarding the regional detention option include whether to allow for upsizing the regional detention and how to pay for it, including the options of committing LRC existing fund balance and going to existing property owners who would be served by the pond. There would be an IGA or similar agreement if the City and LRC cooperated in the pond. Public Comments None Reports of the Commission: Economic Director Aaron DeJong reported that the City has determined a 10 acre pond is not in the best interest of the City. The City does not need it. A detention pond for the Core Project Area is still necessary. There was a discussion of the engineering of the pond and bottle neck at Coal Creek. Commissioner Menaker stated he wants to make sure private and public projects are treated in equal fashion with regard to addressing drainage. Menaker asked if it is a done deal with FEMA that they will re-draw the flood map. DeJong replied it is not a done deal until FEMA signs off on it. Mayor Muckle reported that the nopened in the Urban Renewal Area. Mayor Muckle also reported that Governor Hickenlooper came to the recent Metro Mayors meeting. The Governor urged the Metro Mayors to propose Urban Renewal legislation that CCI and CML can come to an agreement with. Business Matters of the Commission a. Conditions Survey: