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<br /> <br />Revitialization Commission <br /> <br />Meeting Minutes <br /> <br />September 11, 2006 <br />Louisville Public Library <br />1st Floor Meeting Room <br />951 Spruce Street <br />7:30 AM <br /> <br />Call to Order Mayor Sisk called the meeting to order at 7:30 AM <br /> <br />Roll Call was taken and the following members were present: <br /> <br />Board Members Present: Rob Lathrop, Clair Beckmann, Michael Reis, Bob Tofte <br /> <br />Board Members Absent: None <br /> <br />Staff Members Present: William Simmons, Sam Light, Heather Balser <br /> <br />Approval of Agenda The agenda was approved by all members. <br /> <br />Approval of Meeting Minutes The minutes from the August 28,2006 meeting <br />were approved as written. <br /> <br />Public Comments None offered. <br /> <br />Reports of Commission Mayor Sisk reminded the LRC of the continuation of <br />the City Council Public Hearing on the Conditions Survey and Urban Renewal <br />Plan to the upcoming October 3 City Council Meeting. <br /> <br />Business Matters of Commission <br />1. Discussion/Direction on IGA with Boulder County - Commissioners <br />Lathrop and Tofte along with staff attended a meeting with Boulder <br />County Commissioner Perlman and County staff to discuss the specifics <br />of an IGA on TIF revenue. The LRC discussed the potential business <br />points that were raised with the County as items to be included in a <br />potential agreement: <br />A) Finalize the final property tax increment projections over the next <br />25 years, with both County and City agreement on final numbers. <br />B) LRC to share back to the County $6.15 Million beginning in the 8th <br />year (defer for the first 7 years). Based on the projected revenues <br />(beginning in year 8), County/LRC to determine the percentage to <br />be paid over the remaining 17 -year life of the TIF so as to equal a <br /> <br />City Manager's Office <br />303.335.4530 (phone) <br /> <br />City of Louisville <br />749 Main Street Louisville CO 80027 <br />303.335.4550 (fax) www.ci./ouisville.co.us <br />