Revitalization Commission Agenda and Packet 2024 10 30

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LCity,/ Louisville COLORADO • SINCE 1878 LOUISVILLE REVITALIZATION COMMISSION SUBJECT: PROPOSED PUBLIC INFRASTRUCTURE AGREEMENT FOR PROJECT AT 1303 EMPIRE ROAD BETWEEN LOUISVILLE REVITALIZATION COMMISSION AND BASECAMP LOUISVILLE, LLC DATE: OCTOBER 30, 2024 PRESENTED BY: VANESSA ZARATE, CECD, ECONOMIC VITALITY MANAGER SUMMARY: The Louisville Revitalization Commission (LRC) originally reviewed an application for public infrastructure assistance for the Ironton Distillery Project at 1303 Main at the August 2024 LRC meeting. At that meeting, the LRC directed staff to move forward with a potential public infrastructure agreement for the project with a not -to -exceed amount of $650,000. Ironton Distillery plans to build a new distillery production facility, tasting room and event center with indoor and outdoor public spaces within the urban renewal area at 1303 Empire Road. The existing metal buildings on site will be demolished and replaced by the new construction. In addition, the historic former Joe's Metal Shop will be relocated from its current location at the former public works site and incorporated into the new construction at this site This location would replace Ironton's current operation in the RiNo neighborhood of Denver. The project has received both City Council and Planning Commission approval. The company anticipates starting construction in 2024, with a goal of opening in 2025.The project plans on investing $8.5 million dollars on the site to build the project and enhance the property with things such as lighting and landscaping. The project will hire part-time and full-time employees once open. The Ironton project will include investment in additional public infrastructure within the urban renewal area. The major public improvement investments include Empire Road improvements, a public multi -use path, drainage and irrigation ditch improvements, landscaping, and water and sewer connections and upgrades. These improvements include planting of trees, irrigation, rights -of -way work, utility work, a signalized pedestrian crossing at Highway 42, an extension and improvement of soft -surface path, drive access and road improvements. Public Infrastructure Assistance Procedure Per the policy for public infrastructure assistance, the process to be awarded assistance is as follows: Step 1: The LRC reviews the proposed project and applicant request. If the majority of the LRC is supportive of the project, the LRC will provide guidance to Staff for LOUISVILLE REVITALIZATION COMMISSION