Revitalization Commission Agenda and Packet 2016 03 18

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Revitalization Commission Minutes February 8, 2016 Page 2 of 3 Commissioner Gorsevski asked about interest in 550 S. McCaslin. Economic Development Director DeJong said the deadline response for the RFP is March 10th Business Matters of Commission a. Election of Officers Chair Becker asked if anyone wanted to nominate themselves or anyone else. There were no new nominations. Commissioner Menaker moved the current board be reappointed. All were in favor. The 2016 LRC Board is: Karl Becker — Chair Rob Lathrop - Vice Chair Alex Gorsevski - Secretary b. DELO Update Phase II bond issuance is moving forward. Some of the Boulder Creek townhomes have sold and noted on the County Assessor's records. c. Legislative Update — Modifications to HB 15 -1348 Deputy City Manager Heather Balser said there is not yet a bill for modifications. Governor has a group working on it. They are trying to streamline the modifications. As soon as there is a draft bill, Balser will send it to LRC d. South Street Gateway Design DeJong said South Street Gateway IGA is in packet. The 2015 and 2016 allocations are in the current LRC Budget. Estimated cost of project envisioned in the IGA is $2,894,869. $250k is increased cost for BNSF to set the bridge. Commissioner Menaker said the LRC has been hurt by assessed values and there is a misperception by Council about how much money LRC has. He does not want to scale back the project. Horizontal plans are included in packet. BNSF said bridge work is planned in February. Public Works is planning to release bids in April. Estimated construction time is 14 — 18 months. Landscaping will start in 2017. Rick Brew said bank financing is the biggest delay. Timeline is set back because of this delay. Commissioner Menaker hopes we will have a substantial grand opening when complete.