Business Retention and Development Committee Agenda and Packet 2017 06 05

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Cityot im Louisville COLORADO • SINCE 1878 BUSINESS RETENTION AND DEVELOPMENT COMMITTEE SUBJECT: DATE: ECONOMIC DEVELOPMENT UPDATE JUNE 5,2017 PRESENTED BY: AARON DEJONG, ECONOMIC DEVELOPMENT New Parking Improvement Fees Set City Council on May 16th set new rates for the downtown Parking Improvement Fee. The fee rates increase over time as follows: Year Rate 2017 $13,388 2018 $15,759 2019 $18,261 2020 $20,898 Annually After 2020, the fee shall increase annually each January 1 by three percent (3.0%) City Council added a condition allowing already approved projects prior to June 1, 2017 can utilize the previous amount of $3,600 if the project pulls a building permit prior to the end of 2017. Attached is the executed resolution setting the new fees. Colorado Therapeutics moving to CTC Colorado Therapeutics recently signed a lease for 33,600 square feet at 486 S. Pierce in the Colorado Technology Center. They join Solid Power Inc. as the first two tenants to fill the spec building by Communale Properties. The building has approximately 9,000 square feet remaining for lease. Organic Sandwich Company coming to Centennial Valley The second location for Boulder's Organic Sandwich Company will be at 469 McCaslin Boulevard, the former location of BlueBox Doughnuts. The quick casual sandwich shop will be a welcome addition to Louisville's largest commercial and retail area. Noise Ordinance for Louisville The City Council's legal committee reviewed a draft noise ordinance setting noise levels for residential, commercial and industrial zoned areas. Some downtown businesses spoke in opposition to having noise regulations while some residents spoke in favor of having rules in place to better enforce high sound levels. The full City Council is scheduled to discuss the ordinance at their July 18, 2017 meeting.