Revitalization Commission Agenda and Packet 2023 12 20

Home Browse Search

Revitalization Commission Minutes November 15, 2023 Page 3 of 6 Commissioner Comments: There was a discussion around the skating rink funding, revenue, and long-term management. M71INST11i1-Tow David asked how the skating rink would be profitable and Commissioner Smith noted that the big expense of purchasing the equipment was funded by LRC this year and ongoing management of the rink will be a smaller expense as against future annual revenues. Commissioner Harald motioned to approve the resolution to adopt the LRC FY 2024 budget; Commissioner Smith seconded. Roll call vote: unanimously approved. Discussion/Direction — Property Improvement Proaram: The EV Specialist presented a summary of the proposed Property Improvement Program with the intent to receive input from the LRC regarding the overall goals of the program and criteria for funding approval. There was a discussion around this topic, and it was noted cohesiveness between this program and the Fagade Improvement Program will be important. The EV Specialist also provided information on comparable plans currently in place in other municipalities and there was a discussion around the Broomfield program in particular, noting that it is within the URA and appears to have begun in 2022. Chair Adler requested information on how many applications they received and how much funding was awarded. Broomfield issued awards for 25 recipients in 2023. Commissioner Smith noted that this program appears to be more geared toward the property owner. Other programs reviewed were Parker, Fort Lupton, Canon City. Austin will check if Canon City is the URA or City program. Commissioner Comments: Commissioner Williams asked about code updates being mandated as part of the program. The EV Specialist will research and send additional information to the LRC. It was noted that the LRC can decide whether to strongly encourage code updates in the program. There was a discussion around improvements benefiting the property owner as well as the tenant and, ultimately, the community. Commissioner Williams expressed concern that increased commercial property taxes will be passed on to tenants and asked how LRC might insure against extreme rent increases from these improvements, which would be untenable for small businesses to bear. There was a discussion around possible rent control language in the award agreements. There was also a discussion around possible property acquisition. Chair Adler suggested a separate conversation around property acquisition for the LRC at a future meeting. The City Manager reviewed the current status of the Mill Levy and proposed tax increases in future years. He reminded the LRC there are other taxing jurisdictions, such as Fire, School district etc. that the city doesn't control. Commissioner Harald suggested the first year of this program should be considered a pilot and noted that criteria and evaluation are very important to keep in balance. He agrees that code Agenda Packet P. 5