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<br />City Council Finance Committee <br />Meeting Minutes <br />DATE <br />Page 3 of 3 <br /> <br />fee-in-lieu, and identified areas were the major considerations. The staff should <br />re-visit what has been done for 10 years. <br /> <br />Proposed Patio SeatinQ <br /> <br />Chris Pritchard reported that Home Depot will construct patios, encouraging <br />community involvement. Businesses are in the process of changing liquor <br />licenses. Patio construction will take approximately two weeks. Businesses are <br />addressing parking concerns. The patios will be ready by Memorial Day, and will <br />be removed after Labor Day. The outside patios are experimentation for this <br />year, and will be evaluated after the summer season. The involved parties are <br />considering safety, and well as maintenance issues. The patios will include <br />some type of recognition for Home Depot's contribution. A compromise has been <br />reached with Vic's, providing signed 20-minute parking on Spruce. <br /> <br />March Economic Development BriefinQ <br /> <br />A report of 2008 retention visits, current activities, and scheduling of upcoming <br />retention visits was provided. The importance of retention visits was emphasized, <br />as business is the engine that drives the economy. <br /> <br />Discussion summary: The building housing Santa-Fe Grill is in foreclosure by <br />the Bank. Star will follow through on leads and interest in multi-use buildings. <br />The market is slow, although the prices on properties are healthy. <br /> <br />Committee Comments <br /> <br />A booth was offered by Angell for the Showcase Event, the opportunity was <br />declined by the committee. The upcoming Health Fair will have approximately 10 <br />medical and health companies in attendance. Star will be working with the <br />merchants, attending the Downtown Merchants Association Meeting. <br /> <br />Discussion Items for Next MeetinQ <br /> <br />1. Wrap-up on budget presentation will be provided at the City Council Study <br />Session on April 14th. <br />2. Expanding the composition of the committee to provide a stronger <br />representation of other business areas not currently on the committee. <br />3. Program for Welcome Packets - Include downtown businesses, and <br />encourage Louisville shoppers; BRaD sponsored. Louisville specific - <br />Business, Residents, and Visitors. <br /> <br />ADJOURN <br /> <br />The meeting was adjourned at 9:30 a.m. <br /> <br />4 <br />