City Council Minutes 2009 11 02 - Laserfiche WebLink

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City Council Meeting Minutes November 2, 2009 Page 10 of 14 Councilor Muckle supported the Farmers Market and suggested the Public Works Crew look at the el13ctrical power system. He asked why Short Street remains a one-way street. Rhonda Grassi, 916 Main Stneet, Louisville, CO noted the Downtown Business Association (DBA) noticed there was a shortage of power at the Steinbaugh Pavilion and spent over $~I,OOO upgrading the transformer, adding outlets and repairing all the broken plugs in the Pavilion and in the parking lot. Mayor Sisk supported the Farmers Market and agreed the City could be more compassionate about the handmade signs. MOTION: Councilor Clabots moved to authorize City Manager Fleming to negotiate a license agreement with Louisville Farmers Market for 2010,2011, and 2012, seconded by Councilor Muckle. All were in favor. Absent: Councilor Sackett. RESOLUTION 40, SERIES 2009 - A RESOLUTION APPROVING A BUSINESS ASSISTANCE AGREEMENT WITH FRONT PORCH ORGANICS llC FOR REINVESTMENT AND ATTRACTION OF A NEW ORGANIC MARKET AT 701 MAIN STREET IN THE CITY OF lOUISVlllE Mayor Sisk requested a Staff presentation. Economic Development Director Star explained the City received a Business Assistance Request from Allen Jones of Front Porch Organics, LLC, in order to renovate the former Waveform Automotive building as a natural and organic grocery market. Mr. Jones has 30 years experience in the grocery business, including employment with Sunflower, Wild Oats and Safeway. His experience was in the Boulder area as well as Phoenix and Seattle. This will be a family owned operation, with four to eight employees and a plan to expand to fifteen employees. The proposed BAP includes the following provisions: . The City would rebate 40% of the incremental sales tax revenues derived from the imposition of 1the City's 3.0% general sales tax and actually collected by the City and attributable to retail sales from new business activity in the City of Louisville for the first four years of operation. . Incremental assistance would not be provided if Front Porch Organics LLC has not commenced operation on or before April 1, 2010. . Total assistance would be capped at $28,500. . The City would receivEi full benefits from permit fees/construction use tax. . The maximum four..year rebate would run concurrently with the opening and first four years of operation of the organic grocery market. . In the event, within 5 years of the commencement of the rebate term, this organic grocer terminates their business for any reason, Front Porch