Speaker numbers apply only to this recording.
The Lafayette Urban Renewal Authority (LURA) met at 5:45 PM on October 13, 2026, with all seven board members present. The board approved six resolutions implementing the final wind-down of LURA, including transfers of loan documents, property, and easements to the City of Lafayette or the Downtown Development Authority (DDA), and a determination that the urban renewal plan is complete. Staff also previewed an online StoryMap memorializing LURA's history.
Executive Director Keating, can we get a roll call, please? Commissioner Arrington. Here. Commissioner Martin. Here. Commissioner Adondo. Here. Commissioner Rogers. Here. Commissioner Williams. Vice Chair Cutler. Here. Chair Muller. Here. Thank you, everyone for coming tonight. Um so we will now open up for public input. And seeing no public present, we will close public input and move on to the next agenda item, which is the approval of the tr uh July 14th, twenty twenty-six meeting minutes. I have a correction. Correction, okay. Um that meeting started at five thirty. Oh, I'm I'm already out of the room, so sorry. Apologies. Um move on to our next agenda item. Item is resolution 2026. Authorization to transfer promissory notes, dudes of trust and related loan documents to the city of love. Yeah. Great. So um our agenda tonight, we have items A through F, which are all regulations related to our window. Um and so some of these are pretty straightforward. So if everyone's good, I'll just kind of go through them. And they'll all have a very similar format of just to explain what the resolution is. Um, the key points, and then have a motion available. Here for discussion and questions. And so yeah. All right. So the first one, resolution 202603, is related to our intergovernmental agreement that we executed with the city of Lafayette where we transferred all of the economic development agreements for them to manage. We have promissory notes and deeds of trust that are still in our name. And so this authorizes me to assign those to the city. That way, if something ever needs to change, they'll be able to manage that. So we all know that we've executed these economic development agreements over the years to incentivize private investment and support economic growth. And they all have unique terms, and many of them are secured with promissory notes and deeds of trust. And so the loan repayments through that intergovernmental agreement go to the DDA that's already been established. So we have two EDAs right now where there's loan repayments. One is related to Ventry, and the other one is related to CARIN and Little Herbal Apothecary Project. And so those loan repayments go straight to the DDA. The other part is that the city manages the economic development agreements. So if there was a subordination that needs to happen or a different payment plan, the city would be empowered to authorize that. And you know, I would be able to do any minor adjustments.