City Council Minutes 2012 08 07 - Laserfiche WebLink

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City Council Meeting Minutes August 7, 2012 Page 5 of 18 PUBLIC COMMENT Bob Lilienfeld, 1033 Adams Avenue, Louisville, CO stated allowing development outside the downtown area may be counterproductive. Council member Loo asked where a 200 seat theatre would be placed in the downtown area. He stated there may be viable building space available in the downtown. Council member Loo asked Economic Development Director DeJong if there is any space in the downtown area, which would accommodate a 200 seat theatre. Economic Development Director DeJong responded no. City Manager Fleming felt the speaker brought forth great questions. He outlined the purpose of the Business Assistance Program was to entice new business to Louisville and create new sales tax revenue. He felt without a Business Assistance Program, the City may lose new business opportunities and possible sales tax revenue. This proposal would allow an existing downtown business to expand. COUNCIL COMMENTS Mayor Pro Tem Dalton welcomed this new business proposal and felt it would relieve a lot of congestion at the City facilities. He explained the Business Assistance Program provides incentives to new businesses in Louisville. Council member Jasiak voiced her excitement over the expansion of the Art Underground, and the programs proposed for pre - school children and senior citizens. MOTION: Council member Loo moved to approve Resolution No. 46, Series 2012, seconded by Mayor Muckle. Roll call vote was taken. The motion carried by a vote of 6 -0. Absent: Council member Sackett. RESOLUTION No. 47, SERIES 2012 — A RESOLUTION APPROVING A BUSINESS ASSISTANCE AGREEMENT WITH SEAKR ENGINEERING, INC. FOR THE OCCUPANCY OF EXISTING VACANT SPACE AT 1795 DOGWOOD STREET IN THE CITY OF LOUISVILLE Mayor Muckle requested a staff presentation. Economic Development Director DeJong requested City Council approval of a proposed Economic Development Business Assistance Package (BAP) for SEAKR Engineering, Inc. SEAKR is an established aerospace engineering company who requires an additional location to expand their operations. The company has 400 employees in three buildings in Centennial, CO. SEAKR designs and manufactures avionics and on- board computing and data storage systems for satellites and space craft. SEAKR's customers are the prime aerospace and defense contractors such as Lockheed Martin, Boeing, Orbital Sciences, and Ball Aerospace.