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Ci*ty{)f LOUISVILLE REVITALIZATION <br />Louisv111e COMMISSION <br />COLORADO • SINCE 1878 <br />SUBJECT: STAFF UPDATES <br />DATE: FEBRUARY 8, 2023 <br />PRESENTED BY: AUSTIN BROWN, ECONOMIC VITALITY SPECIALIST <br />SUMMARY: <br />In the following, staff provides business and property updates related to activity within <br />the Highway 42 Urban Renewal Area. <br />Staffing Update <br />The City of Louisville reposted the Economic Vitality Manager position in December. We <br />have reviewed the applications and are scheduling interviews. The first round of <br />interviews will be in early to mid -February. It's anticipated that there will be a second <br />round of interviews and an "open house" event for the finalists. <br />City Council Update <br />Interviews for the vacant Ward 3 Council seat took place on January 31. Louisville <br />Councilmember Kyle Brown was selected to fill the currently vacant House District 12 <br />seat vacated by Former State Representative Tracy Bernett in January. Councilmember <br />Brown submitted his formal resignation from Louisville City Council on January 30, <br />effective at 5 PM on January 31. Councilmember Brown's resignation creates a second <br />Ward 3 vacancy. It is expected that both Ward 3 seats will be filled from the group of <br />candidates that was interviewed on January 31. <br />LRC Vacancy Update <br />The City received two applications for the vacant LRC position. It is anticipated that City <br />Council will select an applicant to fill the LRC vacancy during its February 7 meeting. <br />Additional information on this appointment will be available in the February 7 City <br />Council packet. <br />DRCOG TIP Grant <br />The City of Louisville was awarded a Denver Regional Council of Governments <br />(DRCOG) Transportation Improvement Program (TIP) the Future 42 project. The <br />$3,200,000 grant covers 40% of the $8,000,000 total project cost. CDOT is also <br />contributing $4,000,000 to the project. The remaining $800,000 will be split between <br />Louisville and Lafayette. <br />The City also submitted a new application for another DRCOG TIP grant for <br />construction of the South Street underpass. The application requested up to 80% of the <br />$9,000,000 project. If approved, the City of Louisville would receive up to $7,200,000 for <br />construction of the South Street Underpass. <br />Agenda Packet P. 9 <br />