Business Retention and Development Committee Agenda and Packet 2011 01 11

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BRaD Nleeting Summary December 6, 2010 Page 3 of 3 program, product profit plan, and has a low turnover rate. Boulder Sausage was complimentary of City staff. ECONOMIC DEVELOPMENT BRIEFING: Takoda Metro District — Justin McClure, of RMCS, gave an update on the Takoda development off of Hwy. 42 and Paschal. The project has been in the planning stages since 2006. Ryland Homes will be the primary builder. Boulder Creek Homes, located in Louisville, will also be a builder. Work is finally beginning on the property where 350 residential units are planned and 5'/Z acres of commercial adjacent to Hwy. 42. A signal warrant is in place for a traffic signal on Hwy. 42 and Paschal and the Takoda Metro District will be contributing 25% funding for this signal, and they are working with CDOT and the City in order to ensure the signal is put in place to accommodate this development. The new name of the development has been changed to Steele Ranch. Possibly in the spring of 2011 lots will be up for sale. RMCS staff looks forward to working with the City in the future on this project and other projects. Jacques Blanchard, owner of Alley Cat restaurant, gave an update on the changes planned for the restaurant. The restaurant will be closed for approximately 2 months during the renovation, and the plan is to complete all renovations by March 1, 2011. Alley Cat will be rebranded and called The Rex, to honor the historic theater formerly in the building. A second story enclosed space and a half -patio will be constructed, tin siding put on the front of the building as well as including other aspects of the original building facade. A sprinkler fire alarm system will be installed. Jacques is working with the Historical Preservation Commission (HPC) to apply for funding through a conservation easement. Because of time constraints, Bonnie distributed additional updates via an email following the meeting. (A copy of the email is attached). REPORTS FROM COMMITTEE MEMBERS — None DISCUSSION ABOUT RESCHEDULING THE JANUARY MEETING — The January meeting will be rescheduled to Tuesday, January 11. DISCUSSION ITEMS FOR THE NEXT MEETING ON TUESDAY, JANUARY 11TH: • Small Business Development Center • CTC Trail Update • Pedestrian Study Update ADJOURN: The meeting adjourned at 9:38 a.m. NEXT MEETING — RE -SET TO TUESDAY, JANUARY 11, 2011, 8:00 — 9:30 AM, LIBRARY MEETING ROOM.