Business Retention and Development Committee Agenda and Packet 2016 03 07

Home Browse Search

Business Retention & Development Committee Meeting Minutes February 1, 2016 Page 3 of 5 we are not privy to. Commissioner Menaker said perhaps BRaD needs to vet applications. DeJong reminded BRaD that he does not bring forth every application. Commissioner Menaker suggested bringing applications that are not brought forth. Menaker made a motion, seconded by Pritchard, to approve recommended LMC changes go to Council. Council member Lipton said he understands these are mostly housekeeping changes but would like more standards set. He is not on -board with the entire program. Given Council member Lipton's concerns, Commissioner Pritchard suggested suspending the LMC changes and looking more fully at the program. Council member Lipton wants standards set in Ordinance. Commissioner Reichenberg said BRaD needs more information to understand Council member Lipton's position. Council member Maloney said Council wants more due diligence so maybe standards do need to be set. There was a discussion about landlord /tenant negotiations. Jim Tienken suggested DeJong outline criteria used. DeJong said: • New employers • Quality of wages (Boulder County average wages) • Existing employers — encourages them to stay. Discussion was tabled. DeJong described the staff time needed to process Consumer use tax rebates. Significant time is spent for the Finance Dept. and the Company to determine which purchases qualify as durable goods lasting more than 3 years. By allowing all purchases to be eligible for rebate, both durable and non - durable, and a lesser rebate percentage applied, processing rebates can be simplified for the City and the Company. Council member Maloney said if we can simplify and there isn't a net increase in the rebate amount, he is ok with the change. Direction was to analyze previous agreements and determine a rebate percentage to keep rebate amounts neutral. Analysis to be brought back to BRaD at a future meeting. CTC ROAD CONNECTION DISCUSSION DeJong said road current road network does not interest RTD for service additions, however addition of connector from 96th Street to CTC may allow RTD to consider a more efficient transit route along Hwy 42 and likely create a new opportunity for retail creation serving CTC. 4