Revitalization Commission Agenda and Packet 2018 05 14

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City gat Im Louisville COLORADO • SINCE 1878 LOUISVILLE REVITALIZATION COMMISSION SUBJECT: DATE: MEMO SUMMARIZING BUSINESS MATTERS OF COMMISSION MAY 14, 2018 PRESENTED BY: AARON DEJONG, ECONOMIC DEVELOPMENT SUMMARY: Rather than preparing an individual memo for each discussion topic, staff has prepared DISCUSSION: DELO Update As a regular item, staff and Delo representatives will give a brief update on the status of the development. Parking Structure RFP Update The voluntary pre -meeting is scheduled for Thursday, May 10 at 10am. Staff has received interest from several firms. We will know more at the LRC meeting on the attendance of the voluntary meeting. Staff would like the LRC to discuss which two members would be willing to be on the RFP review team with City Staff. Also, staff requests input into thoughts regarding filling out the volunteers for the working group. McCaslin Area Development Study City Council at their May 15 meeting will discuss and decide on the draft RFP for a McCaslin Area Development Study. The staff prepared guiding principles of the Study are: • Understand market trends and market supported development scenarios that ensure the corridor continues to serve as the City's primary retail sales tax base. • Identify and evaluate development restrictions and regulatory and policy barriers to redevelopment and investment in the corridor. • Ensure sustainable long-term fiscal balance and economic development of the McCaslin corridor. • Reflect residents' desired community character for the corridor in evaluation of development scenarios and study recommendations. The proposed scope of work is; • Identify the Area's position in the retail, commercial, and residential real estate • Review the rules and regulations upon properties in the area • Understand and incorporate the public's input into desired investment and redevelopment in the area