Revitalization Commission Agenda and Packet 2020 05 06

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Revitalization Commission Minutes April 15, 2020 Page 2 of 7 Business Matters of Commission • Resolution No. 20-01 A Resolution Approving a Public Infrastructure Assistance Agreement between the City of Louisville, the Louisville Revitalization Commission and 824 South, Inc. Resolution No. 20-01 is before the LRC for final approval for the project to proceed. Council member Lipton asked applicant Barbie Iglesias, given COVID- 19 pandemic if anything has changed related to the project? Ms. Iglesias said the project is moving forward. The financing is in place with no issues. October 2020 was the expected completion date, however foundation work has been delayed by recent weather. Council member Lipton made a motion to approve Resolution No. 21-01, Commissioner Bradfield seconded the motion. The motion passed unanimously. • Discussion/Direction/Action- LRC Goals and 2020 Work Plan and Consideration of Business Impacts from COVID-19 Chair Fisher began the conversation saying Economic Vitality Director Pierce has done a good job putting the work plan together and he is happy with the framework. He asked Director Pierce to frame the discussion around the new item: consideration of impacts to businesses from COVID-19 Director Pierce said that when she originally put these material together, she did not want to ignore the work plan but wanted to have discussion about the City Council grant program and how the LRC might participate. There is a framework vetted through the City Attorney and bond counsel so that if the LRC would like to participate in the grant program, it can be done. Draft agreement between the City and the LRC is included in the Friday City Council packet but is contingent on approval from LRC. It is the City’s grant program, so the LRC would merely participate in funding, not design a second program. Participation by LRC would increase the capacity to provide grants. Economic Vitality Committee will recommend to Council grants of $5,000 each. Council member Lipton said this conversation went to the grant program but he wants to talk about work plan and tie it into the grant program. Commissioner Adler said discussing the work plan will inform our conversation later as to priorities. Council member Lipton asked if the $700k sidewalk at Hwy 42 is in CIP and if so, we will take out. City Manager Balser will look into it. Council member Lipton said we have not received updated financials. This is important before we start spending money. He said the LRC will want to exclude projects where PUD has lapsed from long-term projections. We should be conservative until we have financial commitment. He suggested we should have a section in the work plan talking about very short term items – 9 to 12 months – to assist