Revitalization Commission Agenda and Packet 2022 07 13

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The plan is to take what is learned today to the LRC meeting with Council on June 28th, then have a downtown assessment on July 18t". The culmination will be a Work Plan developed by DCI and presented to the LRC in August 2022. The history of the LRC was reviewed, including the City/LRC Cooperation Agreement, noting the budget is approved by City Council. The Board is TIF funded and not funded by sales tax. Tax Increment Financing was discussed and how it is used as a catalyst. The LRC likes the idea of policy examples slide saying they feel they do not have input on design. Ms. Correll noted there is a balance of understanding staff role and the LRC role. LRC is a powerful tool to make Comprehensive Plan happen. What are policies to support the vision of the City? The shareback with the County and Fire District was discussed. The LRC liked the idea of having businesses who received funding having a plaque saying the project was funded by the LRC. Accomplishments were discussed: o The fagade improvement has been successful. The LRC would like DCI to make suggestions on how to improve the already successful program. Low barrier, fast turnaround o DELO was a large investment with bonds floated and has been a success. o South Street Underpass In thinking of projects, think "why does LRC support this," "how does LRC support this." Lessons: o We need a communication strategy o Strategize o Understand beneficiaries o The Fagade improvement process works o General LRC approval process is cumbersome and takes 3 months o Need more interaction with Council Obstacles o Approval process — any change would take an amendment to the Cooperation Agreement o How do we advocate for the business community Look at ways to improve processes o Does council have to improve everything? Agenda Packet P. 11