Revitalization Commission Agenda and Packet 2011 02 07 Joint Meeting

Home Browse Search

Revitalization Commission Meeting Notes 1/10/11 Page 2 of 3 VII. Business Matters of Commission 1. Distribution of Open Records pamphlet First meeting of every year each commission is presented with the entire packet. There are no changes from last year. Bonnie noted that all LRC members are encouraged to reread the packet. 2. Resolution 11-01 – Designating the Place for Posting of Notices of Meetings (LRC). Michael Menaker made the motion and Bob Tofte seconded the motion. All LRC members passed motion 3. Resolution 11-02 – Amendment of 2011 Revitalization Commission Budget Kevin explained the budget and the proposed changes. The revenue generation in the LRC has been increased slightly since the August assessment by Boulder County. The General Fund advances the funds for staff to support LRC. Kevin also explained the general fund reimbursements and how they are applied. Kevin also explained the future tax assessment reevaluations and the modeling for LRC. Sam Light explained that the Tax Increment Financing for the LRC is allowed for 25 years, dating from establishment in 2006. Sam discussed that peer districts have been working with state legislators and assessors on the “time out” for TIF period. Rob made the resolution and Michael made the second too approve the amended agenda. All LRC members passed motion. 4. Consideration of an amendment to 2006 Cooperative Agreement with City Council – action by motion. Sam Light explained the amendment. The amendment would change the LRC budget process to allow the budget approval to occur in December after city council acts in November and finalizes their budget. The LRC discussed options for amending the cooperative agreement. Michael Menaker moved to approve the proposed amendment, with Section 4A of the cooperation agreement to include $77,849 as an unaudited amount. Michael made the motion and Rob seconded the motion and the LRC passed the motion unanimously. 5. Distribution of DRAFT Parking and Pedestrian Action Plan – Discussion as needed. Staff presented the draft project summary. Michael mentioned the need to meet with some in the downtown business community regarding any funding from a Business Improvement District (BID). He is in the support of the plan. Michael mentioned the need to discuss the underpass with BNSF. Troy updated on the schedule. Council study session tonight, then planning commission this Thursday, and city approval in February.