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<br />City Council <br />Meeting Minutes <br />September 1, 2009 <br />Page 4 of 11 <br /> <br />· The Post Office acquisition and rental opportunities <br />. The Economic Development Strategic Plan <br />. The Front Street parkiing lot acquisition <br />. Participating in planning of Metro Denver Site Selection Conference <br />. Business Retention and Development (BRaD) and Louisville Revitalization <br />Commission (LRC) meetings <br />· Business Retention meetings conducted in July and August (10) <br />· Research of current businesses to build database <br />· Maintain collection of broker's brochures of available space <br />. Interacting with Downtown Business Association and Chamber of <br />Commerce <br />. Maintain relationships with commercial brokers <br />. Monitor Santa Fe Grille building foreclosure/building sale <br />. Responding to Metro Denver marketing leads <br />. Responding to all leads for new businesses <br />. Updating the economic development website <br />. Establish a list of all city fees and charges <br />. Conducting a Xcell workshop on energy efficiency <br />. Attending Housin~1 Authority Meetings <br /> <br />She referenced the Economic Development Strategic Plan, which was developed <br />by City Manager Flemingl and Ms. Star. She invited Council to the Metro Denver <br />Site Selection Conference on Friday, September 25,2009 from 8 to 9 a.m. She <br />addressed the feedback recl3ived from business retention visits and reported <br />they support the business community. Mayor Sisk reported on a recent business <br />retention visit a local company announced they planned to expand their current <br />operations. <br /> <br />DISCUSSION/DIRE:CTION/ACTION - PROPOSED 2010 lOUISVlllE <br />REVITALIZATION COMMISSION (lRC) BUDGET <br /> <br />Mayor Sisk requested a Staff presentation. <br /> <br />City Manager Fleming explained the Cooperation Agreement approved by City <br />Council and the Louisvil!ie Revitalization Commission in December of 2006 <br />requires the LRC to submit their annual budget for review and approval by <br />September 1. The 2010 request has been significantly reduced from prior years. <br />The LRC concluded 2010 expenditures should not exceed revenues to the Urban <br />Revitalization District Fund. Early estimates of the projected assessed valuation <br />were approximately $29,560 for property tax increment and interest revenues. <br />Consistent with the estimatE~, the LRC allocated $23,990 to cover a portion of the <br />Economic Development Director's salary and $5,570 for legal services. New <br />estimates from Boulder County are in the $40,000 range. Staff recommended <br />Council defer action untill final estimates of Urban Revitalization District Funds <br />