Revitalization Commission Agenda and Packet 2010 02 08

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Boulder County and Lafayette. The Commission and public are encouraged to review the draft and make comments. Copies will be made available in the Library, website, and other public locations. The Mayor spoke to Commissioner Menaker's prior concern about the lack of a Quiet Zone at Dillon and sound walls at the Takoda development. VI. Reports of Commission - The Mayor updated the Commission on the City Council interview for board and commission vacancies, changes in BRaD, the status of Hwy 36 EIS, and asked Bonnie Star to describe the two BAPs going to Council December 15. She also talked about some changes to the business assistance program with regard to determining the appropriate incentive amount for retail space that has been vacant. In response to a question about the Rentx property, Commissioner Lathrop stated the property, which he owns, had been vacated by the tenant and is now available. The Mayor noted that sales tax revenue is down 7.5% compared to 2008. VII. Business Matters of Commission- 1. Discussion of the City's 2010 Budget and Financial Projections- Kevin Watson, Finance Director, provided the LRC copies of the 2010 Budget and took questions, described the changes in how labor charges were going to be recorded to align with the cooperative agreement with City Council, and described the financial forecast through 2015. They show that the LRC reserve balance will not be in positive position until 2013. 2. Rob Lathrop moved approval of Resolution 2009-4, the 2010 budget, Bob Tofte seconded, motion approved by all in attendance. 3. Staff update on the NW Rail - occurred earlier in the meeting; 4. The Mayor moved and Emily Jasiak seconded a motion to return Rob Lathrop to the BRaD Committee as the LRC representative. Michael Menaker will remain the alternate. Motion approved unanimously. XIII. Next Meeting is January 4 at 8:00 AM, Public Library 1 st Floor Conference Room. It is a joint meeting with the Business Retention and Development Committee to discuss Building Livable Streets, discussion facilitated by Troy Russ. Also, the discussion will contain a discussion connectivity of the Revitalization Area with Downtown Louisville. The Mayor requested that Planning Commission members, City Council members, Public Works and Planning be invited. Election of Officers and approval of minutes will be postponed until February. XIV. Development Referrals - None XII Commissioners' Comments - None 9. Adjourn - The meeting was adjourned at 8:55 AM 3