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SUBJECT: APPLICATION FOR ASSISTANCE: CORVUS NIDUS LLC, THE ROSE <br />& RAVEN AT 511 EAST SOUTH BOULDER ROAD <br />DATE: DECEMBER 9, 2020 PAGE 6 OF 6 <br />• Has an existing shared parking arrangement and can utilize existing parking <br />rather than creating significantly more surface parking; <br />• Seeks to enhance pedestrian connectivity; <br />• Will address lacking streetscape and landscaping elements, as well as replace <br />aging infrastructure; and <br />• Would act as a public -private partnership with the LRC. <br />RECOMMENDATION: <br />Staff seeks LRC direction regarding the Corvus Nidus LLC application, including how <br />the proposed project advances the goals of the Highway 42 Urban Renewal Plan. If <br />directed, staff will prepare an agreement for public infrastructure assistance with Corvus <br />Nidus LLC for the redevelopment project at 511 E. South Boulder Road. Similar to the <br />assistance agreement approved earlier this year, staff would structure assistance in the <br />form of rebates to be paid when the project has been completed and received <br />construction acceptance. <br />Representatives from the project team will be present at the December 9 meeting to <br />make a presentation of their project and request for assistance. <br />ATTACHMENTS: <br />• Attachment #1: Corvus Nidus LLC, Application for Public Infrastructure <br />Assistance <br />• Attachment #2: Urban Renewal Area- Application for Assistance Packet <br />LOUISVILLE REVITALIZATION COMMISSION <br />34 <br />