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4/2/2019 <br />LCity <br />Louisville <br />COLORADO• SINCE 1878 <br />• Highway 42 Urban Renewal Plan <br />— Blight Factors <br />— Purpose <br />— Objectives <br />— Implementation <br />— Property Tax TIF <br />— Eminent Domain through Urban Renewal <br />• Super majority <br />LCityaf <br />Louisville <br />COLORADO• SINCE 1878 <br />• Agreement with County <br />— Shareback of TIF revenues <br />• Originally 14.3%of revenue starting in 2015 <br />• Reduces to 7.15% as no other municipality did a similar <br />agreement <br />LCity <br />Louisville <br />COLORADO• SINCE 1878 <br />• City/LRC Cooperation Agreement <br />— Support Services <br />— Approval of LRC Budget <br />— Approving Agreements, Bonds, other financial <br />commitments <br />— LRC and City Council as separate <br />LCityaf <br />Louisville <br />COLORADO• SINCE 1878 <br />• Urban Renewal Tools <br />— Tax Increment Financing <br />• Property Tax <br />• Sales Tax <br />— (requires additional authorization by City Council) <br />• Facilitating Projects <br />— Infrastructure <br />— Direct Financial Assistance <br />— Other methods <br />2 <br />