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<br />Revitalization Commission <br />Minutes <br />DATE <br />Page 2 of 3 <br />share back of $6.15 Million. Thus, the agreement would be <br />based on a percentage but capped at $6.15 Million to be received <br />by the County. <br />C) The dollar figure ($6.15 Million) is based on current proposed <br />URA boundaries. Should the boundaries be reduced, the number <br />will decrease accordingly. <br />D) Include a no debt impairment clause. <br />E) Include a most favored nation's clause; should the County agree <br />to a more favorable TIF share back agreement with another <br />community, the LRC could get that deal if desirable. <br />F) Include a termination clause stating that if within 5 years no deal <br />is struck with other Boulder County communities, Louisville's deal <br />is null and void. <br />G) The agreement would remain as originally approved regardless of <br />legislative action. <br />The LRC expressed support of continued discussion with the County <br />with these business points, and stated it would like to see either a draft <br />IGA or letter of agreement to the effect stated above prior to the October <br />3 City Council. Upon consideration, such document would be included <br />in the City Council packet materials for the October 3 City Council <br />meeting. Further, the LRC scheduled the next LRC meeting for <br />September 28 at 7:30 AM in the City Council Chambers. <br />2. Discussion/Direction on Issues Raised at August 15 City Council <br />Meeting - The LRC, staff and Anne Ricker discussed how to address <br />issues raised at the August 15 public hearing. The LRC directed staff to <br />provide proposed bylaw changes at the next LRC meeting further <br />clarifying the Commission's compliance with ballot issue 200. <br />Additionally, the LRC directed staff to draft a letter to the Fire District <br />stating the procedures for modifications to the Plan. Lastly, the LRC <br />directed staff to propose revisions/clarifications to the Urban Renewal <br />Plan on the relocation policy, the PUD process for properties within the <br />URA boundaries and the process for modifications to the Plan. Staff will <br />prepare the suggested revisions for consideration at the September 28 <br />LRC meeting. <br />3. Next Meeting Items - 1) Approval of Draft IGAlLetter of Agreement with <br />Boulder County, 2) Approval of Bylaw Changes Regarding Ballot Issue <br />2003) Approval of Recommended Revisions to Urban Renewal Plan <br />4. Next Meeting Date - The next scheduled meeting is to be held on <br />September 28, 2006. <br /> <br />Commissioners' Comments - No Comments <br /> <br />Adjourn - The meeting was adjourned at 8:35 AM. <br />