Business Retention and Development Committee Agenda and Packet 2009 12 07

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BRaD Study Session Summary November 2, 2009 Page 2 of 3 address the impacts on travel time and a point of diminishing returns. A cost per passenger mile evaluation tool will be utilized to determine if additional lines are feasible. BRaD questioned the lack of a quiet zone for Dillon Road. RTD is working under a false premise that CTC is “industrial”. The area includes retail, apartments, a church, and a future training campus. The most effective way to include this concern is through comment at the public meetings for inclusion in the ROD. Staff indicated that the City will submit formal comments, and can assist the public in submitting comments on the website. A final concern raised by BRaD was the affect of the lack of a quiet zone for Takoda resdiienatil development RTD representatives stated that at this time 73 business and 16 residential buildings will be relocated, and a maximum of 6 displacements with the acquirement of 8.72 acres of land. Travel time is expected to be 27-38 minutes. The final report will be ready in early December. Public Meetings will be held November 16 – November 19 for comments. The November 18 meeting will be held at the Louisville Middle School auditorium at 6:30 p.m. Currently there is an approximate $2,000,000 gap which may need to be addressed through a sales tax revenue increase. The DIA East Corridor line will be completed in August 2010. Both the West Corridor and East Corridor to DIA are funded. RETENTION VISIT REPORTS Door to Door ORganics – Internet start-up organic fruit and vegetable outlet looking at expansion for low price in CTC. Also considering Longmont and Lafayette. Expanding production. Comfort Inn– Struggling business due to location. Signage the main issue. Archetype – 3-D modeling company. Staff is down to 3-4 employees. There is space for 20 people. Currently the company is waiting for the business climate to improve. Pearl Izumi – This company sells apparel and shoes, mainly for biking. Currently the company employs 104 people in Louisville. Would like a liaison with the police to address safety and criminal activity concerns. Possible distribution of local restaurant menus and information about local catering companies. This would benefit the local economy and employees. Company was purchased by Shimano. ECONOMIC DEVELOPMENT BRIEFING Bonnie Star provided a monthly overview report. There will be a CEO Forum on December 9, 2009. Avista will be hosting the meeting and Mary Manning from ConocoPhillips will be presenting at this forum. Two Business Assistance packages were approved by Council. An Italian restaurant will be opening in the