Revitalization Commission Agenda and Packet 2021 03 10

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Revitalization Commission Minutes February 10, 2021 Page 2 of 7 Business Matters of Commission: • Resolution 21-01: Approving a Cooperation Agreement Between the City of Louisville and the Louisville Revitalization Commission Regarding Funding for Public Art in the South Street Gateway Director Pierce reviewed with the LRC that this item came before them in December: the Louisville Cultural Council (LCC) has a capital improvement project they lacked funding to complete. The agreement before the LRC today states that the LRC will provide the funding for the project and the LCC will carry out the project. The City will pay the artist and the LRC will reimburse the City. This received approval from City Council on February 2, 2021. Approval of the agreement today by the LRC would be final approval for the funding of the project. Motion to approve Resolution 21-01 was made by Commissioner Smith and seconded by Commissioner Tofte. Roll call vote: Commissioner Smith - yes Commissioner Tofte - yes Chair Adler - yes Commissioner Gambale - yes Commissioner Gorsevski - yes Council member Leh - yes Commissioner Williams — yes Motion approved. • Resolution 21-02: Approving a Public Infrastructure Assistance Agreement for Corvus Nidus LLC, The Rose & Raven at 511 East South Boulder Road Director Pierce said The Rose and Raven is redeveloping the property at 511 East South Boulder Road to become a cidery and food hall. The project is starting this year and the developer has sought financial assistance from the LRC for lighting and streetscaping and water main replacement. The LRC has been supportive of the project, which was forwarded to City Council for their consideration on February 2, 2021. The agreement for assistance would be between the LRC, the City and Corvus Nidus. City Council had no questions and the agreement was unanimously approved. Before the LRC today is final Agenda Packet P. 4