City Council Agenda and Packet 2015 09 01

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City Council Meeting Minutes August 18, 2015 Page 8 of 18 INTEREST OF THE PUBLIC HEALTH, SAFETY, MORALS, AND WELFARE OF THE CITIZENS OF THE CITY OF LOUISVILLE 2. RESOLUTION No. 59, SERIES 2015 — A RESOLUTION APPROVING AN AMENDED AND RESTATED COOPERATION AGREEMENT BETWEEN THE CITY OF LOUISVILLE AND THE LOUISVILLE REVITALIZATION COMMISSION Mayor Muckle requested a City Attorney introduction. City Attorney Light reviewed the two action items: 1) Resolution No. 58, Series 2015, which approves an Urban Renewal Plan (UR Plan) for 550 S. McCaslin Blvd, the former Sam's Club Property. He stated the UR Plan for 550 South McCaslin Boulevard, designates such area as appropriate for urban renewal projects and finds the acquisition, clearance, rehabilitation, conservation, development, redevelopment or a combination thereof of such area is necessary in the interest of the public health, safety, morals, and welfare of the citizens of the City of Louisville. 2) Resolution No. 59, Series 2015, which approves amendments to the Cooperation Agreement between the City of Louisville and the Louisville Revitalization Commission (LRC). Mayor Muckle opened the public hearing and requested a staff presentation. Economic Development Director DeJong reviewed the actions to date as follows: The City Council directed a Conditions Survey in May 2014. The Conditions Survey was completed in July of 2014. The Council determined the property blighted in October 2014 through Resolution 60, Series 2014. In January of 2015, the City Council directed staff to prepare a UR Plan. The LRC reviewed the draft UR Plan June 2015 and the City conducted a Public Q & A meeting on July 6, 2015. The Planning Commission reviewed draft UR Plan July 9, 2015 and approved Resolution 23, Series 2015 finding the UR Plan in conformity with the Comprehensive Plan. Notices were sent to Property Owner and businesses, Boulder County, Boulder Valley School District (BVSD) and were published in the Daily Camera on July 14, 2015. The proposed UR Plan is intended to reduce, eliminate and prevent the spread of blight within the urban renewal area at 550 S. McCaslin, the former Sam's Club. The objectives for the Plan include: To create a retail rich environment where area businesses and residents can be successful; re- tenant or redevelop the property and increase retail activity by encouraging occupancy of the property. UR Plan: Conformity with the Comprehensive Plan. The Comprehensive Plan states the McCaslin Urban Center shall: 1) Serve as the focal point for a regionally significant commercial activity center. 2) Remain the City's primary retailing center supported by a mix of land uses including retail, office and residential. The Planning Commission reviewed the UR Plan and found it to be in conformity with the Comp Plan. 25