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Business Retention & Development Committee <br />Meeting Minutes <br />October 5, 2015 <br />Page 3 of 3 <br />DELO Phase II - Subdivision agreement is done. The next draw on the TIF bonds is <br />expected in November. <br />DELO Plaza - Retail project submitting for building permit and have tenants lined up. <br />Construction agreement with BNSF has been achieved. <br />Likelihood of underpass construction in 2016 is still up to BNSF. Fleming has made <br />known to BNSF that tens of millions of dollars have been spent and are waiting to be <br />invested in development; all dependent on the underpass. <br />1501 Empire Road Lease - Human Movement will take over old City shops building. <br />City Operations has moved out; equipment auction will take place. Final lease is in <br />Council packet for October 6. The lease details were discussed. <br />Property Closings <br />Grain Elevator, Tebo parking lot, Lucky Pie — all in the works. <br />History Colorado had a shakeup probably won't see a grant for the Grain Elevator from <br />that organization. Commissioner Menaker said the City should use HPC funds to get the <br />Grain Elevator project moving. <br />REPORT FROM COMMITTEE MEMBERS: <br />None <br />PUBLIC COMMENTS <br />None <br />ITEMS FOR THE NEXT MEETING: NOVEMBER 2 <br />• Memo of retail issues by area <br />ADJOURN — The meeting adjourned at 9:18 am <br />4 <br />