Revitalization Commission Agenda and Packet 2016 01 11

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Revitalization Commission Minutes December 15, 2015 Page 2 of 4 Reports of Commission None Business Matters of Commission a. Public Hearing: Approval of 2016 LRC Budget Vice Chair Rob Lathrop opened public hearing for resolution approving budget. There are a few changes from last meeting: Final valuations from County — estimated revenue decreased by $150,000. The reason is preliminary valuations come in August, budget is put together in October, then final valuations come from County in November. The impact is magnified because the Hwy 42 Urban Renewal area is a small component of the entire city. There was discussion of the budget process and timing of budget. Economic Development Director Aaron DeJong had Finance Dept. change the City Contribution for Core Area stormwater improvements from Grant Revenue to Core Area Project Proceeds. There was a motion to approve. Seconded. Passed b. DELO Update South Street intended for full reconstruction; DELO phase II shows overlay. Difference is being worked through. Difference is estimated around $91,000. Justin McClure of RMCS said more is known now than when the original estimates were developed. Construction prices have increased dramatically. Cost savings found from the Core Area detention pond project, so those funds can be used for South Street, if desired. There was discussion to reallocate Core Area Detention Pond funds to South Street Reconstruction. A budget amendment and carryover of funds will need to be approved at next meeting. Council will consider LRC budget on January 5, 2016. If approved, the amendments can be approved at a future meeting. c. 550 S. McCaslin RFP Discussion Draft Request For Proposals (RFP) document included in the packet. DeJong gave an overview and asked for comments. What information would LRC like from proposers? Commissioner Menaker would like more direct language. City Attorney Sam Light said the intent is 3