Revitalization Commission Agenda and Packet 2024 12 11

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Revitalization Commission Minutes November 20, 2024 Page3of7 The Economic Vitality (EV) Specialist presented an application for Facade Improvement Program assistance at 1314 Main Street. The application and presentation were included in the meeting packet. The applicant presented a summary of the project. Vanessa noted that the application is broken down into seven components. The Commission can pick and choose which pieces to support. Commissioner Iglesias made a motion to approve the Facade Improvement Program application for 1314 Main Street with a not to exceed amount of $80,000. Commissioner Lipton seconded. Roll Call Vote: unanimously approved. Commissioner Comments: Commissioner Williams agreed with the comments from the public that it's a good project especially on main street and their concerns that its half of the 2025 budget. She noted that we knew that hard decisions would need to be made in 2025 due to other program commitments. She has concerns about approving this application at the full requested amount considering the limited 2025 budget. Commissioner Harald asked if the 2024 funding for the Ironton Distillery would be carried forward to the 2025 budget. The Economic Vitality Manager responded that projects funded in 2024 which have not been paid out in 2024 will be carried forward to the 2025 budget. Chair Adler commented that she appreciates the applicant's commitment to Louisville and supports funding a portion of the project. She asked the applicant which portions of the request are most beneficial to the project. The applicant commented that updating the doors is very important and painting and the planter. She noted that the windows are also important and commented that she could reduce the landscaping to reduce the cost. Commissioner Williams asked what businesses are in the building and if the public could use the outdoor space. The applicant commented that it's generally intended for the building residents, and members of the public wouldn't be asked to leave if they were using the space. Commissioner Lipton commented that the 2025 budget is $300,000 and this is a recommendation for $125,000 in funding. He expressed concerns about approving the full requested amount, suggesting that portions of the project could be downsized. He commented that he would put a higher premium on and provide more funding for businesses that also provide sales tax benefits, consistent with the City's BAP program. He would consider a higher amount than the $100,000 limit for sales tax producing applicants. He has concerns about funding the outdoor seating component and he is in favor of funding the project at a lesser amount than requested. Commissioner Tofte asked the EV Manager for a recap of procedures for asks under $100,000. The EV Manager reviewed the procedures with the Commission. Commissioner Tofte agreed with some of the statements Commissioner Lipton made. He asked if there are problems with the existing windows or if it's just an aesthetic update. The applicant responded that the black iron is for aesthetics, but the current windows are not functional and not energy efficient.