Business Retention and Development Committee Agenda and Packet 2012 08 06

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Business Retention & Development Committee Meeting Minutes July 2, 2012 Page 2 of 3 HIGHWAY 42 GATEWAY DESIGN UPDATE: Gavin McMillan, Planning Department, presented. - Underpass Project Staff is waiting to hear from Burlington Northern Santa Fe Railroad (BNSF) on what kind of box culvertwill be recommendedand then staff can proceed with the design. City staff wants BNSF to build the underpass since that would mean a big cost savings to the City. If BNSF agrees to build the underpass, there would likely be an Intergovernmental Agreement (IGA) approved between the City and the Railroad. Capital budget for this project is $2.7M and construction is planned for 2014. Roadway – All partners have agreed on the evaluation criteria. Next step is to take it to three different design alternatives.Staff is currently looking at traffic counts along this corridor (from Locke to Paschal) to assist in designing the roadway to meet the current and plan for future traffic volumes. Public Comment - Rick Brew commented onthe development of his firm’s DELO project .The first phase totals five acres and has an estimated project duration of 18 months. They want to work with the City on the timeline for the underpass and wants to tie his project design to the underpass design, and wants to work with the City on how to fund some street improvements in conjunction with the DELO development. Rick encouraged everyone to check out the portable toilet that DELO is sponsoring at the Street Faire. There is a conceptual design of the development near the portable. Check it out. RETENTION MEETINGS – Dana Alford and Rob Lathrop will be accompanying Aaron DeJong to Citron th Workspaces for a Retention Meeting onJuly 9. More retention meetings to be scheduled. ECONOMIC DEVELOPMENTBRIEFING – Aaron DeJong Boulder County Office Space – some interest in this vacant building on Main Street. Space next to the Bookseller has been leased. One brewer going forwardin their development of the old Louisville Glass building. One last issue to work out on the lease so thatLePeepcan openin the former A&W building. Pearl Izumi has a very promising development planned. th Met with Andrew Freeman about the property at Dillon and 104Street. Mr. Freeman has a client interested in building a spec building devoted to R&D. Met with the owner and tenant of the Empire regarding the Empire’s sign on how to save the sign. Maintenance of the sign is an issue. Promising news on the vacant Safeway building. Grain Elevator project – working with Mike Kranzdorf on this challenging project. $1.7M City contribution wasn’t enough, and the risks and the unknowns are also an issue. Parking Wayfinding Project – Director Russ said thisproject is on hold. Xcel came out that they are prohibiting putting anything on their light poles. Staff sent the design of the wayfinding signs to Xcel so they could see the wayfinding signs are not banners. The current banners in the City can stay until December 31, 2012, but Christmas lights will not be allowed. REPORTS FROM COMMITTEE MEMBERS – Michael Menaker talked about a bus that is currently operatingbetween Lyons and Boulderas a shuttle. The buses that are being used are old Linx buses and Boulder County received a DRCOG grant to operate these buses. The cost to use them is $65/hour. Michael proposed that the City use these buses in conjunction with the Downtown Street Faire.