Business Retention and Development Committee Agenda and Packet 2016 08 01

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Business Retention and Development Minutes June 6, 2016 Page 2 of 2 Public Comments on Items Not on the Agenda - None Recreation Center Expansion Discussion —Menaker and Martin updated the Committee on the work done by the Rec Center Task Force. The main points of the presentation were: The expansion would nearly double the size of the facility Additional parking Instruction Rooms Equipment Room Multi-purpose gym New pool area Locker room upgrades and expansions Improvements to senior and children sections The capital costs would be paid through a property tax funded bond, and it looks like the operations and maintenance would be paid through a sales tax rate increase, should each of those votes pass in November. Sustainability Action Plan Discussion — DeJong presented his analysis of the Plan as it relates to any impact on the business community. Committee members support the voluntary nature of the Plan. DeJong will draft an email for Chair Loo. Retention Visits Tebo — DELO Plaza is 75% committed, coming from Stephen Tebo. Lowe's — Met with Allyn Fisher. Store is doing well and no changes are planned. King Soopers — Met with Joel Starbuck. SBR store is still doing very well and they are excited about the potential of a location at the former Sam's Club property. Home Depot — Met with Beverly Metz. Store continues to do well. Sullivan Hayes — Met with Grant Mayes. National retailers continue to want high visibility location in suburban locations. If more projects like McCaslin Marketplace would become available, additional retailers would further consider Louisville. ED Update — Roccor Inc, an aerospace company in Louisville, decided to move their operations to Longmont. Reports from committee members — None. Discussion Items for Next Meeting: August 1, 2016 — Develop a downtown parking discussion. Discuss retail retention program. Adjourn — Meeting adjourned at 9:30 am. 3