City Council Study Session Agenda and Packet 2015 01 13

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SUBJECT: DATE: LOUISVILLE REVITALIZATION COMMISSION JANUARY 13, 2015 PAGE 2 OF 3 Obtaining agreement from external parties has been difficult (i.e. BNSF) to obtain in a reasonable timeframe. We understand these other entities have timeframes different than ours, so we continue to work towards finalizing agreement with them. LIST PLANS /GOALS FOR NEXT YEAR: The LRC now has revenues exceeding expenses and is in a position to begin thinking proactively about projects and investments that will advance the mission of removing blight and encouraging redevelopment in the Urban Renewal Area. We will be discussing what opportunities may exist to make investments over the next several meetings. IN WHAT AREAS DO YOU NEED CITY COUNCIL INPUT /FEEDBACK? Having this yearly interaction with City Council is valuable to receive feedback on the progress being made and projects being undertaken by the LRC. The LRC would like the opportunity to discuss ideas for proactive projects. KNOWING THAT FUNDING IS LIMITED AND NOT ALL PROGRAMS WILL BE A PRIORITY IN ANY GIVEN BUDGET YEAR, WHAT PROJECTS/ PROGRAMS /POSITIONS ETC. DOES THIS BOARD RECOMMEND THE CITY COUNCIL FUND IN NEXT YEAR'S BUDGET? A few key projects in the current 5 -year CIP Budget and some future potential projects that have significant interest from the LRC include: • Funding for Quiet Zone implementation along the BNSF Railroad • Funding and construction of the South Street Gateway • Drainageway improvements planned to remove most of the downtown out of the floodplain • Conceptual realignment of Main Street at South Boulder Road. ARE THERE LEGISLATIVE ISSUES (NEW LAWS, AMENDMENTS, CODES, ETC.) THIS BOARD WOULD ENCOURAGE THE CITY COUNCIL TO CONSIDER? The State's Construction Defect Liability law affecting the development of condominium projects is creating a missing component of new residential construction in Colorado. Condominiums play an important role in the make -up of residential availability for both urban and suburban locales. Any support to advance legislation to address barriers to condo development would be appreciated. Urban Renewal legislation will most likely see amendments proposed to limit Urban Renewal tools. The LRC would like to see the City support the current rules regarding Urban Renewal and lobby against amendments that would unreasonably restrict the use of tax increment financing or eminent domain for redevelopment projects. CITY COUNCIL COMMUNICATION 3