City Council Minutes 2022 03 15 - Laserfiche WebLink

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City Council Meeting Minutes March 15, 2022 Page 4 of 10 anticipates opening in 2023 with approximately 30 employees, with an average job salary of $30,000. The application meets the Business Assistance Criteria by bringing new basic jobs to the City; drawing new customers, creating new sales tax, and utilizing an existing building. She reviewed the financial incentives: a proposed 50% rebate of building permit fees, sign permit fees, and construction use tax capped at $30,000; and a proposed 50% rebate on new retail sales tax over a five-year period capped at $207,000. The project must be completed by September 30, 2024 and the business must remain in Louisville for a period of ten years or a percentage of rebates received must be repaid. Staff recommends approval of the resolution. Public Comments — None. MOTION: Councilmember Brown moved to approve Resolution No. 16, Councilmember Most seconded the motion. VOTE: Motion passed by unanimous roll call vote. RESOLUTION NO. 17, SERIES 2022 — A RESOLUTION APPROVING A THREE-YEAR EXTENSION OF THE APPROVAL OF THE TERRACES ON MAIN PLANNED UNIT DEVELOPMENT Mayor Stolzmann introduced the item and asked for disclosures, seeing none she opened the public hearing. Planning Manager Ritchie stated all public notice requirements on this application have been met. She reviewed the history of the project noting is was originally approved in March of 2019. If approved tonight, the project would get a PUD extension of three years. She noted that all of the policies and regulations in place when this was approved are still in place including the Comprehensive Plan, the Downtown Framework Plan, and the Downtown Design Handbook. She stated the Planning Commission reviewed the application and gave unanimous support. The proposal continues to meet the applicable policies and regulations. Staff recommends approval of the resolution. David Sinkey, Boulder Creek Neighborhoods 712 Main Street, stated his company had hoped to be well under construction by now but with the impacts of COVID and changes to the market they are delayed. They anticipate moving forward with the project soon. Public Comments — None.