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L: Cityof ECONOMIC VITALITY COMMITTEE <br />Louisville <br />COLORADO • SINCE 1878 <br />SUBJECT: STAFF UPDATES <br />DATE: OCTOBER 27, 2023 <br />PRESENTED BY: AUSTIN BROWN, INTERIM ECONOMIC VITALITY MANAGER <br />SUMMARY: <br />In the following, staff provides updates on recent activity related to core economic <br />vitality functions. <br />Business Assistance Program (BAP) Updates <br />City Council adopted Ordinance No. 1865, Series 2023 on October 17. This ordinance <br />amended the City's Tax and Fee Business Assistance Program (BAP) to clarify in the <br />code the City's practice of rebating consumer use tax. <br />Business Retention Program <br />Staff is in the process of reprioritizing business retention visits and developing a <br />strategy for planning and performing retention visits. Staff will reach out to City Council <br />to coordinate on business retention visits, when appropriate and will include a list of <br />completed business retention visits in updates to the EVC. <br />Property Updates <br />The third party financial review of the proforma for the proposed Radiance MedSpa <br />project (916 Main Street) is currently being reviewed by Environmental and Planning <br />Systems (EPS). This review will evaluate the need for possible direct assistance funding <br />to assist with any funding gaps to make the project feasible. The review will return to the <br />LRC for consideration at its November meeting. If the LRC recommends assistance, the <br />application will be presented to City Council for consideration. <br />Ice Rink Update <br />Members of both the Louisville Revitalization Commission and the Downtown Business <br />Association (DBA) voted on a list of potential names for the ice rink. The name that <br />received the most votes was "Old Town Skate". Rocky Rinks has indicated that they are <br />planning to begin construction of the rink the week of October 15. <br />Dark Sky Lighting <br />City Council held a public hearing for the dark sky lighting ordinance on Monday, <br />October 2. The proposed ordinance included the following changes: <br />Any residential addition (net increase in total SF) requires sitewide compliance <br />Changes to 25% or more of exterior wall area or materials of an existing building <br />requires building compliance (both residential and nonresidential) <br />Agenda Packet P. 9 <br />