Laserfiche WebLink
Metadata
Document management portal powered by Laserfiche WebLink 9 © 1998-2015 Laserfiche. All rights reserved.
Revitalization Commission <br />Minutes <br />March 20, 2024 <br />Page 7 of 9 <br />Commissioner Williams commented that she would like the operator to be open to the <br />community having community events around the ice rink. <br />Chair Adler expressed concern that Hannukah Ice wasn't able to take place this year. It was <br />noted that this is because the contract states that private events couldn't happen during open <br />skating times. <br />There was discussion around the details of running the ice rink. <br />Public Comment: <br />DBA President and Louisville Resident Rick Kron commented that, if it was just about money, <br />you wouldn't build a park, or other non -revenue generating amenities. He added that, about two <br />years ago, this was a private operation that made a profit, and he feels this is a first year set of <br />hiccups. He believes the issues will be worked out and appreciates the commission's patience <br />and support. He agreed that additional promotional activities and involvement by the community <br />would help. Rick also noted that there is a plan for a new mural on the back of Steinbach that is <br />not just Street Faire related and that the banner on the north end was delivered on time last year <br />but the mounts were not available so it could not be installed. He supports the idea of <br />programming and suggested that there are opportunities there. He added that additional lighting <br />will be included this year and better music, etc., can be arranged. Mr. Kron supports the ice rink <br />and feels it helps with blight. <br />Motion: Commissioner Williams motioned to approve the LRC's ice rink financial contribution <br />for the 2024-2025 season in the amount of $150,000. Commissioner Tofte seconded. Roll call <br />vote: Unanimously approved. <br />Potential Financing Scenarios Overview <br />The Economic Vitality Manager presented an overview of potential financing scenarios for <br />funding projects. The scenarios were provided in the meeting packet. <br />The Economic Vitality Manager noted that the intent is to show how different amounts of capital <br />can be spent if the commission chooses to bond. She noted that this is not the extent of the <br />LRC's bonding capacity. The LRC has the ability to bond all revenues through the end of the <br />term. Staff chose not to present the maximum bonding option to maintain flexibility in funding <br />projects and programs. The current estimate for maximum bonding is $15M. These are <br />estimates based on when the bonding information was pulled. The vision planning consultant <br />will be bringing a preferred scenario to the LRC at the next meeting. <br />The Economic Vitality Manager asked the LRC to comment on whether they are interested in <br />these bonding options. <br />The Director of Community Development commented that, if the LRC is interested in using <br />these bonding options, the process to do that should be started this year due to construction <br />timeframes for the preferred scenario. <br />