Revitalization Commission Agenda and Packet 2021 10 13

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Revitalization Commission Minutes September 8, 2021 Page 5of6 Chair Adler and other Commissioners noted their support for additional wayfinding signage funds. There may be some cost savings by mobilizing once and installing all desired signs under one bid process. Commissioners discussed whether the amount of public infrastructure assistance currently approved for Corvus Nidus LLC ($134,760) should be carried forward into 2022. The agreement expires in December 2021, so Director Pierce explained there would be no legal obligation to the amount after this year, but a carry forward could represent a desire to still support the project. Commissioners felt it did not set a good precedent to carry the amount, but that the applicant could seek an amendment to the existing agreement or a new agreement if the project is able to continue. Commissioner Gambale noted his interest in a marketing program for the Urban Renewal Area, similar to what the urban renewal authority in Lafayette has undertaken. Director Pierce said she would explore the idea with the City Attorney to confirm this appropriately matches with the goals of the Hwy 42 Urban Renewal Plan. With the input received, staff will prepare a proposed 2022 Budget for LRC consideration in October. Items for Next Regular Meeting, October 13, 2021: • Resolution No. 21-09: 2021 Budget Amendment (final approval) • Public Hearing for 2022 Budget • Work Plan • Wayfinding Signage Commissioners Comments: Commissioner Tofte commented about the growth of Duda in DeLo, which recently acquired another company. Commissioner Gorsevski asked about the projects at 809 Main Street and 824 South Street. He also commented about Lafayette's success in cleaning -up Public Road and inquired about the future sports complex off of Hwy 42 that could be supported by the desired underpass improvements. Agenda Packet P. 7