Business Retention and Development Committee Agenda and Packet 2011 12 05

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BRaD Meeting Summary November 7, 2011 Page 2 of 4 RETENTION MEETINGS: Lego – Malcolm Fleming reported it was a “shocker” learning about Lego’s closure and 115 employees losing their jobs. At the retention meeting there was no mention of the closure and everything looked positive for the company. I-Behavior – Bonnie Star reported company has 60 employees and is located in the CTC. They obtain sales data to predict consumer behavior. They are planning an expansion within their building. The company would like to be more involved in the community. Lenny Martinelli – Bonnie Star reported that she met up with Lenny for an unplanned visit. He is looking at another restaurant venture; but outside of Louisville. Courtyard by Marriott/Residence Inn – Bonnie Star meets twice annually with the Marketing Rep to stay updated on what companies are doing business with them and to provide them with new business activity. The Marriott’s main competition is the Omni in Broomfield. Bonnie reported that apparently the corporate rates are better at the Omni than they are at the Marriott. Bonnie reported the B-cycle available to people staying at the Marriott is not affiliated with the official B- Cycle operation, but the Marriott B-cycle may be linked in the future. American Zephyr – Scott Reichenberg reported that he and Jill Midgley visited this company which supports the energy needs of homes off-the-grid such as homes in the mountains. There wasn’t anything this company needed from the City, but they did ask for advice as to how to penetrate the market in the area. Scott recommended that BRaD follow-up with this company with another retention meeting. Vaisala – Scott Reichenberg reported this company has signed a 7-year lease extention for their building in the CTC. The lease in Louisville CTC applies to the southern location as they own the building to the north. DISCUSSION WITH MICHAEL MARKEL AND DAVID SINKEY ON NEW RESIDENTIAL DEVELOPMENTS: Michael Markel spoke to the group on Markel Homes Louisville development, North End. Michael reported the development is unfolding in the way Markel Homes represented. It is a walk-able neighborhood, close to open space with diverse architecture and a unique style. The homes are Energy Star rated and buyers are able to customize floor plans.There are various price points to appeal to a diverse group of buyers. The development offers townhomes, duplexes, single family homes, and custom homes. Prices for these homes range between $300,000 all the way up to $675,000 for a custom home. Markel Homes is working towards final plats for their Phase II development which will offer 143 housing starts, plus commercial space. There is one issue that Markel Homes is not pleased about and that is Hecla Lake which still doesn’t have water due to a problem with an outlet structure. Markel is planning some improvements at the lake in Phase II. Council member Dalton asked who is responsible for the outlet structure problem and who is going to fix it?Michael answered that the City is in the process of determining who will have responsibility for the improvements/repairs; developer or the City.