City Council Agenda and Packet 2018 04 17

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City Council Meeting Minutes April 3, 2018 Page 6 of 8 Mayor Muckle stated such information wouldn't dictate a comp plan amendment but if we have good information that could inform that conversation. Mayor Pro Tem Lipton would like the study to tell us if anything in the comp plan or zoning is preventing the area from redeveloping. We need to make this an opportunity and everything should be on the table for consideration to position the corridor to be successful looking forward. We need to get the information. He noted the owner can be very patient in the sale regardless of what the City does. The zoning and entitlements need to be consistent with the community but we need to move something forward. He stated he doesn't want to spin our wheels for eight more years. The status quo is unacceptable and we need to figure out what we can do to get something done. Mayor Muckle proposed staff bring back a Request for Proposals for a study that includes Councilmembers Maloney's principles and with language about current new retail trends. Councilmember Maloney stated there is energy around this. Many residents are frustrated and we need to do something. We can affect how we encourage activities in the city. The principles in the RFP should be 1) The primary purpose of the area is a regional retail focus to support the operations of the City. 2) The goal should be long- term financial viability of the area. If we meet those goals in the study, we should be open to other uses in the area. Mayor Pro Tem Lipton stated the principles should be determined by Council. Council should take the leadership and drive the principles and have further conversation. Director DeJong stated staff will bring back a draft RFP to engage a consultant to give us market information specific to that site that includes those principles for Council's review and discussion. City Manager Balser stated staff does want to be proactive and bring back realistic opportunities for the property. EXECUTIVE SESSION REAL PROPERTY ACQUISITIONS AND DISPOSITIONS (Louisville Charter, Section 5-2(c) — Authorized Topics — Consideration of real property acquisitions and dispositions, only as to appraisals and other value estimates and strategy, and C.R.S. 24-6-402(4)(a)) Mayor Muckle stated the City Manager is Requesting the City Council Convene an Executive Session for the Purpose of Consideration of Potential Real Property Acquisitions Concerning Properties in the Vicinity of Louisville. City Attorney Light introduced the request for executive session. 52