City Council Minutes 2019 11 04 - Laserfiche WebLink

Home Browse Search

City Council Meeting Minutes November 4, 2019 Page 3 of 20 L. Approval of Resolution No. 38, Series 2019 — A Resolution Setting Certain Fees, Rates, and Charges for the City of Louisville, Colorado — moved to regular business M. Approval of 2020 Louisville Legislative Agenda N. Approval of Coal Creek Golf Course Food and Beverage Concessionaire Contract Renewal O. Resolution no. 43, series 2019 — a resolution approving a business assistance agreement with 1882 Ventures, LLC for an Economic Development Project in the City of Louisville — moved to consent agenda COUNCIL INFORMATIONAL COMMENTS ON PERTINENT ITEMS NOT ON THE AGENDA Councilmember Keany noted there is a Youth Advisory Board tomorrow at the Rec Center and invited anyone to attend. CITY MANAGER'S REPORT City Manager Balser thanked Mayor Muckle, Councilmember Loo, Councilmember Keany for their dedication to the City and their work on City Council. REGULAR BUSINESS RESOLUTION NO. 10, SERIES 2019 — A RESOLUTION APPROVING THE PROPERTY TAX INCREMENT REBATE AGREEMENT WITH 712 MAIN LLC AND 722 MAIN LLC PURSUANT TO THE INTERGOVERNMENTAL AGREEMENT BETWEEN THE LOUISVILLE REVITALIZATION COMMISSION AND THE CITY OF LOUISVILLE — continued from 3/19/19, 6/11/19, & 9/17/19 City Manager Balser noted this agreement was considered by City Council on March 19, 2019. City Council continued the item to allow the Louisville Revitalization Commission (LRC) and City Council time to construct a policy document for guidance on how and when financial assistance should be provided. The City Council and the LRC each approved a Property Tax Increment Financing (TIF) Rebate Assistance Policy by July. The Policy stipulated a third party review be conducted of the financial information provided as part of an application. The LRC approved a contract with Economic and Planning Systems (EPS) to conduct such a review. Balser noted the EPS materials were slightly revised from those reviewed by the LRC on October 14, as the Fire District calculation was removed since there is currently no agreement in place to share revenues and the LRC operating expenses were increased reflecting current payments. There was a minimal change in the final numbers. She asked EPS for a presentation.