Revitalization Commission Agenda and Packet 2023 03 08

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Revitalization Commission Agenda February 8, 2023 Page 2 of 5 Public Comments on Items Not on the Agenda: None Reports of Commission: Staff updates The City received two applications for the vacant seat on the LRC and Barbie Iglesias was appointed. Barbie introduced herself to the LRC. The Economic Vitality Manager position was reposted in November. The first round of interviews will begin this week. Council's vacant Ward 3 vacancies were appointed and sworn in yesterday. Transportation improvement program projects: The City was awarded a DRCOG TIP grant for future 42 project. The $3.2M covers 40% of the $8M total project cost. CDOT is also contributing $4M and the remaining $800,000 will be split between Louisville and Lafayette. The City also submitted a new application for a TIP Grange for construction of the South Street underpass which requested up to 80% of the $9M project. The City has received up to $7.2M for construction of the South Street underpass. Public comment period just opened. Staff will send out the link for submitting comments to LRC. Receipt of this funding will trigger the LRC's agreement to fund. Properties in the URA area: The former Walgreens at 655 E S. Boulder Road has been listed for $3.25M. The former Chase Bank building on Main Street has been listed for $2.75M with a deed restriction that it cannot be used as a bank or financial institution. Business Assistance Program: Staff proposed amendment to municipal code to expand the BAP allowing additional existing businesses that have been forced to vacate their current premises to request assistance to keep their business in Louisville. First reading of the proposed amendment change took place on February 7th with the second reading scheduled for February 21 st. The City Manager noted that the City council discussed Independence Day festivities regarding fireworks on February 7th. It was decided we will have the traditional event this year and will perform data collection to inform how to approach the event in the future. Council would like to consider how we might incorporate something downtown so businesses can benefit as well. Mark Oberholzer asked if the BAP amendment will be retroactive for creative framing. Since Creative Framing hasn't been approved for any assistance at this time. It is likely they will qualify for assistance. Election of Officers for 2023 LRC will take nominations today for secretary, vice chair and chair. Council Member Leh moved to nominate Commissioner Williams for secretary. Commissioner Smith seconded the nomination. Roll call vote: unanimously approved. Commissioner Tofte nominated Commissioner Smith for Vice Chair. Council Member Leh seconded the nomination. Roll call vote — unanimously approved.