Economic Vitality Committee Agenda and Packet 2020 05 22

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Economic Vitality Committee Minutes May 6, 2020 Page 4 of 5 we'll need creative thinking in that area. He wonders how many of these ideas fall under the BAP umbrella. The BAP program is very important to the City and feels some of these will fall under the BAP frame. Mayor Pro Tern thanked Director Pierce for ideas. Mayor Pro Tern Maloney asked about what LRC said about the grant program. Director Pierce said the LRC did not get too in-depth. They discussed whether they should engage additionally with the grant program. They reviewed updated financial projections going into 2024. They discussed their budget and want to be more conservative than in the past as far as projected budget, but got a good understanding of their existing and projected fund balance. Director Pierce gave an update on the LRC advancement of an agreement from LFPD. Mayor Pro Tern Maloney said what Director Pierce laid out can be a shared vision with LRC. He appreciates Director Pierce's efforts. Chair Dickinson said fagade conversation will be important. Most businesses he speaks to believe there will be a long-term change in how they do business and that curbside will be a part of that. We'll need to discuss better designed parking lots and easy pick up spots for multiple restaurants. He agrees that we need to utilize the BAP program and perhaps tweak the program for things that have not been considered in the past. He agrees with Mayor Stolzmann that we have to make clear what the current sign rules are. And then make firm rules on exceptions to those rules during this time. Mayor Stolzmann said the BAP section is important. We need to follow up on BAPs that are in the pipeline and help make them happen. We need to put some effort into attraction. The traffic light on Hwy 42 and Short is a great opportunity. She would like an update on businesses that have expressed interest in coming to Louisville, ie: Ace Hardware and the cidery. Chair Dickinson said the BAP program is meant for attraction and also have an eye on retention and be flexible and nimble right now. Director Pierce said outreach on signage is good. We can provide clarity on what is allowed. We will have to work on timing because we are also asking businesses to add signage about masks. As far as business assistance packages, she has been working on BAP analysis and updating for Council. Her intent is to provide update annually in May or June of each year. We can leave current program in place with temporary BAP for existing businesses, Agenda Packet P. 5