Economic Vitality Committee Agenda and Packet 2025 06 12

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City Council Economic Vitality Committee Meeting Minutes May 8, 2025 Page 4of6 There was a brief discussion regarding information to businesses about the program and how to apply, clarifying that developers are eligible to participate, partnering with the Chamber and the DBA to get the word out and the opportunity for non -profits to also participate. Mayor Leh asked if it is the City's declining population that makes Louisville eligible for the enterprise zone. . Manager Zarate remarked yes. The zone will be in effect for ten years; because our population will be under the limit, that affords opportunities to re-evaluate and add to the zone; nothing will come out of the zone until the redesignation. Mayor Leh asked if this will be going to Council. Manager Zarate responded no. All this is done at Staff level and is approved by the State. Public Comment: Gillian Millar, Executive Director of the Louisville Chamber of Commerce, expressed her support for this and stated that she is excited to collaborate with the City. Manager Zarate pointed out on another map what is currently qualified. Manager Zarate clarified that Louisville is within the single north metro zone, that the zones are currently being reevaluated and that some areas of the current enterprise zone will have graduated out due to population growth. She also reiterated that Louisville has not previously been a part of the north metro zone. Mayor Leh asked for any additional public comment — there was none. 8. Staff Updates: Regarding the US 36 collaborative, Manager Zarate noted Louisville has renewed the partnership with Colorado Bioscience Association -Colorado Help for Help Campaign Phase 2. The Taste of Louisville is coming up the first weekend of June. She also stated that Economic Development Council of Colorado hosts a basic economic development course every year in June. The course is accredited through the International Economic Development Council. Manager Zarate noted that she will be an instructor for this year's course. Manager Zarate also gave updates on the CU/Cinebarre property, Relish at 550 S McCaslin Blvd and Huntington Bank at 515 S McCaslin Blvd. Public Comment: Jeff Sheets, Koelbel & Company, we own the bank and Huntington is a tenant; they hope to open in a few weeks.