Revitalization Commission Agenda and Packet 2020 10 28

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Revitalization Commission Minutes September 9, 2020 Page 5 of 9 discussion on this item today, but it is in the work plan document. Today is to determine if you'd like to put a line item in the 2021 budget that would be specific to such an item. Commissioner Gorsevski thinks the LRC should wait until an application or plan is submitted. He believes it is worth looking into but we need interest from businesses and their timing. Director Pierce said this is a concept and the LRC will want to develop a program and what is on offer. The Commission discussed assigning a dollar amount to fagade improvement that would tie the work plan to the budget. Director Pierce suggested prioritization that ties to allocated funding will give concrete direction about where to invest time. She thinks putting $100k - $150k toward fagade programming would be a good place to start. She reiterated this would be general and not tied to specific properties. Council member Lipton and Commissioner Adler agree with keeping it more a more generalized line item. Council member Lipton asked if we have a plan for holiday lighting downtown. City Manager Balser said we are looking at the plan right now. It may be reduced and does not come out of the LRC budget. Commissioners also inquired about the timing of Outdoor Dining on Main Street, which Director Pierce said has been extended to October 31. There was discussion about the October meeting schedule and packet. It was agreed to meet on October 28t" to allow staff to receive and process the assessed valuation information from Boulder County. • Discussion — Revenue Reporting for the Urban Renewal Area Council member Lipton suggested reviewing the revenue and sales tax reporting as it related to the URA to have a sense of overall revenue generation. Director Pierce summarized several reports related to sales tax collection in the URA over the past several years. Tax Manager Penney Bolte also reviewed the reports. Commissioner Bradfield asked when Hobby Lobby closed. Director Pierce said it closed in August 2018 and that Planet Fitness opened there in June. She noted the intent is still for Ace Hardware to locate there too; Council provided an amendment to the Business Assistance Agreement for Ace Hardware to allow more time. The Commission briefly discussed opportunities for resources to Louisville Plaza. Agenda Packet P. 7