Revitalization Commission Agenda and Packet 2015 12 15

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The Louisville Revitalization Commission (LRC) is seeking proposals to partner in the redevelopment of a 13 acre parcel located at 550 S. McCaslin Boulevard. Information regarding the City of Louisville, Colorado Population and Location Louisville, Colorado is a home rule municipality located within Boulder County roughly six miles east of the City of Boulder and 25 miles northwest of Denver. Louisville has a population of 18,374 according to the 2010 U.S. Census. The City of Louisville has often been recognized for its livability. Money Magazine has consistently named Louisville one of the "Best Place to Live" for small cities in the United States. Many things contribute to this exemplary quality of life and positive economic condition including 1,700 acres of open space, dozens of great eateries, a thriving arts scene, great schools, wonderful neighborhoods and a diverse mix of employment opportunities. The community has a strong and highly educated citizenry with 68.8% of adults having a bachelor's degree and 32.7% having a master's degree or more. Many Louisville businesses employing over 12,000 workers in town focus in the technology, bioscience, aerospace, manufacturing, food, and recreation industries. Louisville has excellent access to the University of Colorado - Boulder as well as several federal research labs including; the National Renewable Energy Laboratory (NREL), National Oceanic and Atmospheric Administration (NOAA), National Institute for Standards and Technology (NIST), University Corporation for Atmospheric Research (UCAR), and the National Center for Atmospheric Research (NCAR). Centennial Valley Area, Louisville The Centennial Valley area of Louisville is the community's main retail and office corridor originally developed in the early 1990's. Several major retailers reside in the area including Home Depot, Lowe's, Albertson's, and Kohl's, as well as many local and national shops and restaurants. Within one mile of the property, over 4,500 jobs are located in the area. DEVELOPMENT OPPORTUNITY The LRC and City want to promote a quality redevelopment for the property and are looking for proposals. The City is willing to pursue actions and make available public resources into project(s) that meet public interest for the property. The Redevelopment Area The City seeks redevelopment proposals for project(s) at 550 S. McCaslin Boulevard that address the blighting factors present upon the property and stimulate economic activity for the area. The City is most interested in near -term redevelopment proposals that meet the current zoning regulations for the property. At the same time, the City is 11