City Council Minutes 2014 10 07 - Laserfiche WebLink

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City Council Meeting Minutes October 7, 2014 Page 9 of 27 needed for full maintenance. Potholes, cracked parking curbs, and other signs of lower maintenance levels are evident. Defective or unusual conditions of title rendering the title non - marketable: Developed in the 1990s as part of a retail center. Restrictive covenants put in place at time of development to limit competition between tenants and sharply limit entertainment uses. Most notable restriction is that no competing grocer to Albertson's is allowed. More broad restrictions put in place during sale from Sam's Club to current owners after the store closed. Substantial Physical Underutilization or Vacancy of Buildings or Sites: Parking lot sits mostly empty during normal business hours; Ascent Community Church uses property a small portion of the week; high profile location at gateway into Louisville from US 36; one of the main anchor retail properties in shopping area. Blight Resolution: Several meetings were held; LRC - June 30, 2014; Public information meeting —July 7, 2014; City Council — July 15, 2014. On August 18, 2014 the City Council directed staff to bring forward a blight resolution for their review. It was noted the property owner and tenants provided consent letters to the blight determination. Staff Recommendation: Staff recommended City Council approval of Resolution No. 60, Series 2014, which defines the four (4) blight factors in the Study Area. COUNCIL COMMENT Council member Stolzmann was not interested in using TIF funds for this project. Mayor Pro Tem Dalton did not support the process. Council member Moss stated she is struggling with the project. She concurred with Council member Stolzmann, TIF funds should not be used for this project. Mayor Muckle noted the Council is not discussing an Urban Renewal Plan. Council may entertain a resolution for pursuing an Urban Renewal Plan at a later time. He noted the property has been vacant for four years and has a major negative impact on the region, even though staff and others have put in a significant effort into filling this space. He was willing to take the next incremental step, but if a plan was created, he did not anticipate TIF financing. Council member Keany was willing to support the resolution. He noted there has been a lot of discussion on this matter, but was willing to take an incremental step at this time. Mayor Muckle called for public comment and hearing none, closed the public hearing.