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SUBJECT: STAFF UPDATES <br />DATE: JANUARY 19, 2024 PAGE 2 OF 2 <br />Community Decarbonization Plan <br />The third and final workshop for the Community Decarbonization Plan will be held on <br />Wednesday, December 13. It's anticipated that the final plan will be presented to City <br />Council in March. <br />LRC Update <br />The LRC completed its review of the third party financial analysis and application for <br />direct financial assistance from Radiance MedSpa at 916 Main Street. The LRC voted <br />to forward the application to Council for review. If approved by Council, the item will <br />return to the LRC for final approval. The proposed rebate agreement with the property <br />owner authorizes a 90% rebate of the tax increment on the property for up to 10 years, <br />or until the total rebate payments reach $200,000. <br />Staff is in the process of preparing program criteria for the new Property Improvement <br />Program, which would extend Fagade Improvement Program funding beyond work to <br />exterior facades to the entire building/property. Examples of additional projects that may <br />be considered for grant funding include entire building exterior renovations, back of <br />building and alleyway improvements, trash enclosures, internal building modifications <br />and upgrades/replacement of core systems (HVAC, electrical, plumbing), incorporation <br />of murals and/or public art on private property, resiliency improvements (i.e., natural <br />disaster mitigation improvements), landscaping, etc. <br />ATTACHMENT(S): <br />None. <br />Agenda Packet P. 10 <br />