Business Retention and Development Committee Agenda and Packet 2014 10 06

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Business Retention & Development Committee Meeting Minutes August 4, 2014 Page 2 of 4 Randy Caranci gave an update on the progress of the Grain Elevator project. He said the PUD is on the agenda for the August 5, 2014 City Council meeting. He said the project has had many favorable reviews and comments. ECONOMIC DEVELOPMENT GOALS AND BUDGET ITEMS: Economic Development Director Aaron DeJong presented budget requests related to 2015 Economic Development (ED) goals: Continue to facilitate redevelopment of the Urban Renewal Area: ED did not request any additional resources to advance this goal. These goals are funded by the Louisville Revitalization Committee. There are no budget adding items for this for 2015. Facilitate occupancy or redevelopment of former Sam's Club and adjacent areas: Council will decide if we are moving toward Urban Renewal for this area. ED is requesting budget for consulting or staff services for establishing an Urban Renewal Area. Adopt and implement a plan to increase Downtown parking: ED is requesting • Funding to research the feasibility of a parking structure • Funding to hire a parking consultant to analyze data collected by the Planning Department's Parking Study, review and comment on Parking Task Force recommendations, conduct additional analysis as necessary. City Manager Fleming worked closely with DeJong but they feel they need an expert in parking who understand parking in small towns in order to successfully address the problem. • Commissioner Menaker commented that parking should be a community values goal. He said it is important to know that the parking issue will cost money to solve and can be a catalyst for development. Improve business retention and recruitment activities: ED is requesting: • Increases in budget to bolster the Business Development Program such as participation in Metro Denver Site Selector's Conference, Retail Leakage Report, networking opportunities, enhanced groundbreaking events /ribbon cuttings. • Increase for advertising /marketing activities such as greater participation in Louisville Chamber events • Increase in printing budget for creation of profession marketing documents • Increase in membership dues to participate in Commercial Brokers of Boulder group. • Increase in travel budget to attend conferences and other business development events. Commissioner Lathrop said retention visits have decreased. He feels they are well received.