Economic Vitality Committee Agenda and Packet 2024 12 04

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Economic Vitality Committee Meeting Minutes October 2, 2024 Page 4 of 5 Chair Dickinson also asked for updates on the proposed BAP Amendment, the CHIPS Zone program, and the previously -discussed loan program. Manager Zarate responded that staff is working with the City Attorney to determine whether the discussed changes to the BAP program will require a formal amendment. Specialist Brown commented that staff is in the education and information stage of the CHIPS Zone designation and is working with contacts at OEDIT to help prepare an application. Manager Zarate responded that there are resources available to help get a loan program up and running pretty quickly, but added that the City needs to identify where the funds would be coming from prior to moving forward with any sort of program. Councilmember Fahey asked if it's accurate that King Soopers has signed a 50- year lease on the existing South Boulder Road location, indicating that they have no intentions of closing that location. Manager Zarate confirmed that King Soopers has no plans to close the South Boulder Road location. Chair Dickinson asked for an overview of expectations for the Economic Vitality Retreat on November 4. Manager Zarate responded that the retreat will last from approximately 8 a.m. — 3 p.m. and will include seven regional partners that are all involved in economic development in Louisville. She added that there will also be a real estate panel that will provide updates on trends and changes in Louisville. Councilmember Fahey asked whether information from other communities or states can be incorporated in the retreat. Manager Zarate responded that staff works closely with its local counterparts, and also participated in both state and national organizations that share data, information and resources. Councilmember Fahey asked whether it might be possible to include representatives from Public Comment from Gillian Millar: Ms. Millar commented that the Chamber may have previously had a loan program and would like to be involved in that process. She also asked whether existing businesses that don't pay sales tax to the City are able to take advantage of the City's BAP program. Ms. Millar concluded her comments with a reminder for the Chamber's Annual Meeting and State of the City on Thursday November 14.