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Louisville <br />COLORADO • S1NC N - <br />LOUISVILLE REVITALIZATION <br />COMMISSION <br />SUBJECT: <br />DATE: <br />DOWNTOWN PARKING ITEMS <br />DECEMBER 12, 2016 <br />PRESENTED BY: AARON M. DEJONG, ECONOMIC DEVELOPMENT <br />SUMMARY: <br />Two Items: <br />1) Attached is the City Council Communication regarding a proposed Contract to <br />Exchange Land with 608 Studios. The land exchange would to align property for a Main <br />Street oriented retail and commercial building and for the City to create a more efficient <br />parking lot yielding more parking spaces. It would also achieve the City owning land to <br />accommodate an east -west oriented parking structure within the block, should that ever <br />be something City Council desires. <br />2) Update on City Council action to not increase the downtown parking Fee In -Lieu <br />amount. <br />DISCUSSION: <br />608 Main Land Exchange <br />Please see the attached Council Communication regarding the Contract to Exchange <br />Real Estate for more information. <br />Downtown Parking Fee In -Lieu <br />City Council acted to not increase the downtown parking fee in -lieu payment with the <br />other City Fees set by City Resolution at the December 6, 2016 meeting. They asked <br />staff to identify and outline a process to determine an appropriate amount in the near <br />future for their consideration. <br />LOUISVILLE REVITALIZATION COMMISSION <br />