Economic Vitality Committee Agenda and Packet 2021 10 22

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Economic Vitality Committee Meeting Minutes September 24, 2021 Page 3 of 5 Maloney was unsure of the impact that this would have and stated that he did not have a strong opinion either for or against this recommendation. Councilmember Dickinson agreed that this would likely not have a large fiscal impact but agreed to support this recommendation. In reviewing the recommendation to allow for administrative approval of some packages, Mayor Pro Tern Maloney questioned what the maximum amount that the City Manager could authorize. City Manager Davis confirmed that the City Manager could approve up to $50,000 for consulting services projects based on current purchasing policies. Both Councilmember Dickinson and Mayor Pro Tern Maloney stated that they were in support of the recommendation to allow an administrative approval process for requests up to $50,000. VII. Discussion/Direction- Strategic Plan Item #1-9: Create and Review Cost of Doing Business/Development Scorecard to Better Understand Cost of Doing Business in Louisville: In reviewing direction from Council to develop a case study out of the Scorecard project, Director Pierce proposed picking one retail project and one industrial project for comparisons. Director Pierce also asked for clarification on what specific information should be included in the studies from a list of fees and taxes. Councilmember Dickinson agreed that evaluating the cost of land in a jurisdiction may not be useful because it is out of the jurisdiction's control. Mayor Pro Tern Maloney countered that the cost of land can be a driving force in a business choosing a site and that it is important to know where the City stands. Director Pierce responded that it is an important factor to know, but but not critical for comparative analysis. Mayor Pro Tern Maloney questioned whether Broomfield should be included in comparisons as a business moving from Broomfield to Louisville or vice versa has happened in the past. Director Pierce stated that there are differences between the fees collected between the City of Louisville and City and County of Broomfield that will make a direct comparison difficult. Councilmember Dickinson stated that collecting information about Broomfield may be useful information, even if it's not something that can be compared directly. He also stated that differences in policies can also lead to differences in the cost of doing business. It is important that Council be aware of these differences and any potential hurdles that may have been created through policy changes. This information will help identify any actions that can be taken by Council to correct these hurdles. Mayor Pro Tern Maloney echoed the sentiment that more information is useful and that Council may need to address certain policies on rates. Both Councilmember Dickinson and Mayor Pro Tern Maloney confirmed that they are in favor of the two case studies at 824 South for a small commercial development project and 609 104th Street as a representative industrial development project. Agenda Packet P. 5