City Council Minutes 2007 02 20 - Laserfiche WebLink

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City Council Meeting Minutes February 20, 2007 Page 3 of 11 REGULAR BUSINESS ORDINANCE No. 1509, SEIRIES 2007 - AN ORDINANCE INCREASING THE NUMBER OF MEMBERS OF THE BOARD OF COMMISSIONERS OF THE lOUISVlllE REVIT ALlZA TIION COMMISSION - 2nd reading - public hearing (advertised Daily Camera 2/10/07) Mayor Sisk requested a City Attorney introduction. City Attorney Light read Ordinance No. 1509, Series 2007. Mayor Sisk opened the public: hearing and requested a Staff presentation. Interim City Manager Balser Hxplained Ordinance No. 1509, Series 2007 increases the number of Commissioners on the Louisville Revitalization Commission. C.R.S. 31-25-104 (2) (a) of the state statute stipulates the Board of Commissioners of the LRC may consist of any odd number of commissioners, which shall not be less than five nor more than eleven. Ordinance No. 1433, Series 2003, set the Commissioners of the LRC at five. Ordinance No 1509, Series 2007 increases the number of Commissioners from five to seven in order to allow for additional participation. The initial term for one new seat is two years and the initial term for the other new seat is three years, and terms hereafter shall be five years. Staff recommended two new appointments to the Louisville Revitalization Commission be appointed to serve no earlier than March 27. Council member Muckle proposed two amendments to the ordinance: See 2) The members of the Louisville Revitalization Commission shall comply with the provisions of the City of Louisville's open government and code of ethics requirements as outlined in Article 5 of the Charter for the City of Louisville, Colorado. See 3) Prior to approving a pmject in the urban renewal area, the Louisville Revitalization Commission willi provide a financial analysis, for review by the City Council, of the short and lon~1 term effects of the project on the City's general and capital project funds. Mayor Sisk noted the Louisville Revitalization Commission met last week and directed Staff to incorporate the Charter rules and regulations into their bylaws. He addressed the Cooperation Agreement and stated he was satisfied the provisions gave City Council the responsibility of handling all financial aspect of the urban renewal redevelopment.