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6 CityOf <br />Louisville <br />COLORADO -SINCE 1878 <br />Economic Vitality Committee <br />Meeting Minutes <br />Friday, August 20, 2021 <br />Regular Electronic Meeting <br />Call to Order: Mayor Pro Tern Maloney, on behalf of Chair Dickinson, called <br />the electronic meeting to order at 1:31 PM. <br />II. Roll Call: The following members of the City Council were present: <br />Councilmember Dickinson and Mayor Pro Tern Maloney. The following <br />members of the City Council were absent: Councilmember Leh. Also present <br />were Economic Vitality Director Megan Pierce, Interim City Manager Megan <br />Davis, and four members of the public. <br />III. Approval of Agenda: Mayor Pro Tern Maloney made a motion to approve the <br />agenda. Motion was seconded by Chair Dickinson. Motion passed. <br />IV. Approval of Meeting Minutes: Mayor Pro Tern Maloney made a motion to <br />approve the meeting minutes of July 16, 2021; motion was seconded by Chair <br />Dickinson. Motion passed. <br />V. Public Comments on Items Not on the Agenda: Shelley Angell, Director of <br />the Louisville Chamber of Commerce praised the hiring of Director Pierce and <br />emphasized how well she advocates for the business community and how <br />appreciative Ms. Angell was to work with her. Councilmember Dickinson agreed <br />with the comments and thanked Ms. Angell for her service with the Chamber. <br />VI. Discussion- Business Assistance Program (BAP) Annual Analysis: <br />Director Pierce presented the annual report which included a quantitative <br />summary of the Business Assistance Program. Director Pierce clarified that the <br />data on revenues, employment and wages reflects 77 businesses which is <br />different than the total number of business assistance packages that the City <br />has approved. This is usually due to businesses not reporting their taxes, not <br />reporting statistics to the state, and businesses closing or relocating. <br />Mayor Pro Tern Maloney asked how much of the approved rebate amount is <br />included within the active incentives. Director Pierce confirmed that $1,960,940 <br />of the approved rebate amount is for active incentives that have not yet <br />received any payments. <br />City Manager's Office <br />303.335.4533 (phone) <br />City of Louisville <br />749 Main Street <br />303.335.4550 (fax) <br />Louisville CO 80027 <br />www.LouisvilleCO.gov <br />Agenda Packet P. 3 <br />