HomeMy WebLinkAboutDowntown Development Authority - Minutes - 02/05/2004DOWNTOWN DEVELOPMENT AUTHORITY
REGULAR DIRECTORS' MEETING
MINUTES OF FEBRUARY 5. 2004
REGULAR MEETING
THE BOARD OF DIRECTDRS OF THE DOWNTOWN DEVELGPMENT AUTHORITY MET IN REGULAR SESSION
AT 7:30 A.M. ON FEBRUARY 5, 2004 IN THE MEETING ROOM AT HONE STATE BANK LOCATED AT
303 EAST MouNTAIN AVENUE, FORT COLLINS. CO 50524.
PRESENT
THERE WERE PRESENT:
Kim JORDAN, CHAIR
STEVE TAYLOR, VIDE CHAIR
JASON MEADORS, SECRETARY/TREASURER
BILL BERTSCHY
WRY BRAYTON
BILL SEARS
LARRY STROUD
ABSENT
CARET HEWTTT
STArw:
ROBERT STEINER. EXECUTIVE DIRECTOR
LINDA GULA.
ANNE GARRISON
LUCIA LNEY. COUNSEL
GUESTS:
JOHN FISCHBACH, ALAN KIICMMIK, MYRNE WATROUS.
DAVID SHORT. CHIEF DENNIS HARRISON, SOTS, STEELS 3 WALKER
OFFICER FRANCIS GON"L.ES, LT. JOHN PING
CALL TO ORDER
MS. JORDAN CALLED THE MEETING TO ORDER AT 7;35 A.M. AND ROLL CALL WAS TAKEN,
APPROVAL OF MINUTES
MR, STROUD MOVED TO APPROVE THE MINUTES OF JANUARY B, 2004 THIS WAS SECONDED BY
MR, MEADORS AND CARRIED UNANIMOUSLY,
WEBSTER HOUSE
MR. STROUD DECLARED A ROSSIBLE CONFLICT OF INTEREST, AND DECLINED TO PARTICIFMTE IN THE
RES, 2004-02
DISCUSSION. MR. STEINER REFERENCEL THE JANUARY BOARD DISCUSSION IN WHICH IT WAS
RROPOSED THAT DDA'S BOUNDARIES BE EXTENDED TO INCORPORATE THIS P OJECT. TO THAT END,
RESOLUTION 2004-02 IS BEFORE THE BOARD FOR ITS REVIEW, MR. BZATSCHY MOVED TO ADOPT
RESOLUTION 2004-02 WHICH WAS SECONDED BY MR. SEARS AND CARRIED UNANIMOUSLY,
CORTINA PROJECT
'ME ORIOINAL PROJECT COMMITMENT HAS EXPIRED AND A REQUEST IS BEING MADE TO EMEND IT
FOR ANOTHER YEAR. MR. STEINER NOTED THAT THE BOND ISSUE WILL APPEAR BEFORE CITY
COUNCIL IN THE NEXT FEW MONTHS. MB. BRAYTON MOVED TO EMEND THE PROJECT COMMITMENT
AS REQUESTED, THIS WAS SECONDED BY MR, BERTSCHY MO OARRKD UNANIMOUSLY,
DOA MINUTES
PAGE 2
OBA MARKETING PLAN AT RD JANUARY MEETING THE BOARD REVIEWED ITS AGREEMENT WITH THE DOWNTOWN BUSINESS
ASSOCIATION AND DISCUSSED WAYS TO ENHANCE ITS INVOLVEMENT.
IN HIS MEMO TO THE BOARD, MR. STEINER SUGGESTED THREE OPTIONS. THESE OPTIONS WERE
DISCUSSED AND MR. MEADORS MOVED TO ALLOCATE $ 10.000 TO DBA FOR ADMINISTPATIVE
ASSISTANCE AND/OR UPGRADING THE MARKETING PROFILE. IN ADDITION, UP TO $ 10.000 TO
EXPRESS DDA'3 SUPPORT FOR THE DEVELOPMENT OF A MARKETING PROGRAM FOR THE PROPOSED
DOWNTOWN CULTURAL DISTRICT, WITH SPECIFIC PROPOSALS TO SE APPROVED AS PRESENTED.
IN CONCLUSION, UP TO $ 10.000 TO DBA FOR THE PURPOSES OF CONDUCTING A FEASIBILITY
STUDY FOR ANALYSIS AND DEVELOPMENT OF THE AMPHITHEATER, WITH SPECIFIC PROPOSALS TO BE
APPROVED AB PRESENTED. ALL OLPENDITURES ME SUBJECT TO A SIMPLE CONTRACT BETWEEN THE
DBA AND ODA. THE MOTION WAS SECONDED BY MR, BMWSCHY AND CARRIED UNANIMOUSLY.
MR. STEINER WONDERED IF THE FEASIBILITY STUDY SHOULD BE CONDUCTED BY DDA. HOWEVER,
M3. LILEY STATED THAT USING DBA A3 ITS AGENT, PROVIDING ALL REQUIREMENTS ARE MET, IS
COMPLETELY IN ORDER.
RUNNING CASHFLOW MR. STEINER PROVIDED AN EXPLANATION OF THE CAPTIONED FINANCIAL REPORT WHICH THE BOARD
HAD REQUESTED, IN ORDER TO BETTER UNDERSTAND DDA'3 FINANCIAL PICTURE WITH REGARD TO
PROJECT COMMITMENT. MR. STEINER EXPLAUNEO THAT AS DEBTS ARE ISSUED THEY WILL EE
FACTORED INTO THE REPORT TO KEEP M CURRENT. A GENERIC HOTEL HAS BEEN INPUT, AND THAT
E3TIW7TD FIGURE WALL CHANGE AS THE PROJECT COMES ON LINE.
THE BOARD REQUESTED THAT AN EXPLANATION OF UNE ITEMS BE GENERATED TRACE A TEAR, AND
OTHER THAN THAT A SPREADSHEET CONTAINING DESCRIPTIONS WILL EE ATTACHED TO PROJECTS AS
THEY COME TO THE BOARDA
LETTER OF APPRECIATION A LETTER m PRESSING THE THANKS AND APPRECIATION OF THE DDA BOARD OF DIRECTORS IS
DISTRICT ONE OFFICERS INCLUDED IN THE PACKETS, IT WAS READ ALOUD BY MS. JORDIN TO THOSE PRESENT, AND IT
COMMENDED OFFICERS STEELS, WALKER AND MCCAMBRIDOE FOR THEIR EXCEPTIONAL COMMITMENT
TO DOWNTOWN, AND DEDICATION TO DUTY. CHIEF HARRISON THEN INTRODUCED OFFICER FRANCIS
GON=N.EB TO THE BOARD WHO IS NEWLY ASSIGNED TO DISTRICT ONE,
THE BOARD SUGGESTED A COPY OF THE LETTER BE SENT TO THE COLORADOAN, AND TO THIS END,
MR. SEAP3 MOVED TO DIRECT MR. STEINIR TO FORWARD THE LETTER ON BEHALF OF THE DDA
BOARD. THIS WAS SECONDED BY MR. TAYLAR AND CARTED UNANIMOUSLY.
OTHER BUSINESS • M3. BRAYTDN INQUIRED ABOUT THE AVAILABILITY OF THE 'SHOP DOWNTOWN FORT' COWNS'
BUTTONS.
• MB. BRAYTON ASKED ABOUT THE NEW PARKING SYSTEM AND HOW THE NEIGHBORHOODS WERE
RESPONDING TO IT. SHE SUGGESTED A BOARD UPDATE WITHIN 60 DAYS.
• MS. BRAYTON EXPRESSED CONCERN THAT THE NEW SIOHAOE ON THE EMPIRE HOTEL WY HAVE
SLIPPED THROUGH THE BUILDING PERMIT DEPARTMENT'! FLAG 3YSTEM, BECAUSE IT HAS NOT
COME THROUGH THE DDA BOARD FOR APPROVAL. MR, FISCHBACH AGREED TO CHECK ON THE
PROCESS,
• MR. $TEINER NOTED THAT NEXT MONTM'S PACKET WILL CONTAIN A PROJECT UPDATE LIST WHICH
WILL BE RAPT OF 'OTHER BUSINESS' IN MARCH,
• MR. F13CHBACH ENCOURAGED THE BOARD TO WATCH OR ATTEND THE WORK STUDY SESSION ON
TUESDAY EVENING. THE TOPIC 13 SPECIFICALLY RELATED TO THE UFESTYLE CENTER.
• INFORHATION KIOSK - MR. TAYLOR INQUIRED ABOUT THE STATUS OF THIS PROJECT, AND MR,
STEINER OBSERVED THAT THE CONTRACT HAD SEEN 31044ED BY THE CONTRACTOR, BUT NOT YET
SY THE CRY. THE CONTRACT WENT OUT UNDER THE CITY'S NAME.
• COUNSEL HAS BEEN ASKED BY THE BOARD TO RENDER AN OPINION TO THE BOARD'S EXECUTIVE
COMMITTEE REGARDING A POSSIBLE CONFLICT OF INTEREST ISSUE INVOLVINO MR. STEINER. THE
BOARD, RESPONDING INDIVIDUALLY, AGREED THAT MR. STEINER WAS ACTING ON BEHALF OF THE
DDA IN ORDER TO ADVANCE A LEGITIMATE DDA INTEREST. THE BOARD ADDED THAT IT IS THE TYPE
OF ISSUE IT WOULD EXPECT MR. STEINER TO ADDRESS, AND FOUR DIRECTORS HAD. IN FACT,
REQUESTED HE PASS ON THEIR CONCERN TO CITY COUNCIL MEMBERS. MR. BKW3CHY ALSO
VOLUNTEERED HIS OPINION THAT MR, STEINER HAD ACTED APPPOPPIATELY, AND HAD FULFILLED
THE REQUEST OF THE BOARD ON AN ISSUE THAT 1S IMPORTANT TO DOA. HE REITERATED THAT HE
DDA MINUTES
PAGE 3
SAW NO IMPROPRIETY IN MR. STEINER'S SPEAKING WITH COUNCIL MEMSER THARP, MS. ULEY
WILL RENDER AN OPINION EASED ON THIS INPUT.
MR. FISCHOACH NOTED THE NEED TO ANNEX THE IN -SITU PROPERTY, MR. STEINER WILL PRESENT
THIS TORIG AT THE MARCH MEETING. IT WAS REQUESTED THAT THE MATTER DE DISCUSSED AT
THE MARCH 16' CRY COUNCIL MEETING, TO ALLOW THE DDA BOARD TO DISCUSS IT AT ITS
MEETING ON MARCH I 1. 2004.
LINDA GULA'S CONTRACT AT 8:45 A.M. MR, MEADORS MOVED TO ADJOURN TO EXECUTIVE SESSION FOR THE PURPOSES OP
DISCUSSINO UNDA GULA'S CONTRACT. 7111E EXECUTIVE SESSION WHICH IE POR THE PURPOSE
STATED, AND IS AUTHORIZED PURSUANT TO CRS 24-5-402 (4) (1) (1). WAS SECONDED SY MR.
suns,
AT B:55 A.M. THE BOARD OP DIRECTORS ADJOURNED THE EXECUTIVE SESSION. AND MS. BRAYTON
MOVED TO ADOPT THE CHARGES DISCUSSED AND AMEND THE CONTRACT ACCORDINGLY, THIS WAS
SECONDED SY MR. TAYLOR AND OARRIED UNANIMOUSLY.
ADJOURN THERE SEINO NO I4URTMER SUSINESS, V2 MEETING ADJOURNED AT 0:30 A.M.
DOWNTOWN
DEVELOPMENT
AUTHORITY
TO: DDA Board of'Wectors
FROM: Chip Steiner
DATE: March 9, 2004
RE: 331 North College Avenue
Ernie Garner has purchased the old T&T Tire building at 331 North College Avenue with
the intention of converting it into a new furniture showroom. The DDA is being
requested to participate in the facade improvements.
Improvements being proposed include new brick facades and traditional style store
fronts. Stucco, brick, and display windows will be applied to the existing cinder block
walls on the north and west sides of the building.
Because the redevelopment involves a change of use, Larimer County has estimated that
the value of the building will increase from $374,700 to almost $1.11 million with a
resulting annual tax increment of $19,800. The project is intended to be completed this
year and the tax increment would begin in 2006.
In the packet of information provided by the developer there is a list of "public side"
project costs some of which staff does not believe are expenses the DDA can legitimately
absorb.
New storefront, windows and doors and Brick, Stucco & E.I.F.S. Staff believes
facade improvements that qualify for DDA participation would apply only to the east and
west facades. Although the south facade is currently exposed, future redevelopment of
the property at the corner of College and Maple will eventually obscure it from public
view.
Landscape Islands, New pedestrian walkway along north side of building, Paving
and curbing for new parking lot and entry drive, and New Roof. These are all
interior to the site and do not constitute a public improvements.
To estimate what the DDA can legitimately finance, staff has estimated that 75 percent of
the new storefront, windows, doors, brick, stucco and E.I.F.S. will be used for the east
and north facades. Combined with the required contribution to R.O. W improvements and
the dormer on the north facade, total qualified improvements would be around $112,000.
The requested funding level of $99,063 easily falls within that amount.
• 0
As with all projects, the owner would be required to certify the expenditures made on the
public improvements and would also be required to make up any shortfall in the
increment should the project fail to assess at projected levels.
Staff recommends Board approval.
DOWNTOWN
DEVELOPMENT
AUTHORITY
TO:
DDA Board of Dire ors
FROM:
Chip Steiner
DATE:
March 9, 2004
RE:
In -Situ Annexation
A few months ago the Board of Directors approved financial participation in the
development of the new In -Situ facility located on Lincoln Avenue. City Council has
appropriated the funds for DDA participation but the property must be annexed into the
district in order for this participation to occur.
Attached is a letter and petition from the owners requesting the annexation. The Board
must approve the request and recommend approval to Council to change the existing
DDA boundaries. A resolution so stating is attached.
RESOLUTION 2004-03
OF THE BOARD OF DIRECTORS OF THE FORT COLLINS
DOWNTOWN DEVELOPMENT AUTHORITY RECOMMENDING TO
THE FORT COLLINS CITY COUNCIL THAT THE BOUNDARIES OF THE
DOWNTOWN DEVELOPMENT AUTHORITY BE AMENDED TO INCLUDE
THE IN -SITU PROPERTY LOCATED AT 301 LINCOLN AVENUE
WHEREAS, the Fort Collins Downtown Development Authority has been duly
organized in accordance with the Colorado Revised Statutes 31-25-804, 1973 as
amended; and,
WHEREAS, Colorado Revised Statutes 31-25-822, Inclusion of additional
rp opertv, allows for the inclusion of additional property subject to satisfactory petition to
board of the authority and submittal of same to the governing body of the municipality;
and,
WHEREAS, the Board of Directors of the Downtown Development
Authority has duly considered and found satisfactory a petition submitted to it and
signed by all the owners of the In -Situ property at its regularly convened meeting of
March 11, 2004.
NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF
DIRECTORS OF THE DOWNTOWN DEVELOPMENT AUTHORITY, that it
hereby recommends to the Fort Collins City Council that it approve the annexation of the
In -Situ property into the Downtown Development Authority district.
Passed and adopted at a regular meeting of the Board of Directors of the Fort
Collins, Downtown Development Authority this 11 th day of March, 2004.
Kim Jordan, Chair
ATTEST:
Jason Meadors, Secretary/Treasurer
MAR-09-2004 TUE 09:25 AM L0 ROGERS MARTELL FAX NO. 97(64242
08 MAR 2004 23:25 0660380687 0140255517
P. 04
pago 3
PETITION FOR INCLUSION OF PROPERTY
The McKee Brothcta, LLC, a Colorado limited liability company by its mimagem, Craig
and Christopher McKee petition the Board of nircetors of the Fort Collins Downtown
Davolopment Authority punnwd to C.R.S. §31-25-822, for inclusion of the following
described property into the Downtown Development Authority district boundaries;
Beginning at a point which bum S. 89657' H.100.34 feet from the punter yuarte
mvwr of Section I2, 'fownvWp 7 North, Range 69 West of the 0 P.M., thanco S_
89057' E. 370 feet, thence S, 0014' W. 495.00 feat; thence N. 09057' W. 170 foot;
thence S. 00014' W. 12-1-67 fact; thence N. 70.20' 24" W. 163.91 fuel thonec N.
76949' 10" W. 46.60 feet; tla nou N. 0'14' F. 542.00 feet to the point of bepnning,
County of Iar mim State of Colorado
Also items and numbered as: 301 Lincoln Avenue, Fort Collins, CO 90524
The undersigned prate that the subject property is owned by the McKee Brothem LLC.
DATED: Maroh ?S,, 2004
OWNER:
McKee Brothers, LLC
a Colorado 11milpd Vability company
stop Manager
MAR-09-2004 TUE 09:25 AM L JY ROGERS MARTELL FAX NO, 9164242 P. 03
08 MkR 2004 23:25 06603806 1 0148255517 page 2
March 8, 2004
Wanda M. Krajivek, City Clerk
City Clerb's Office
PO am 580
Fort Collins, CO 80522
Steve Roy
City Attoracy'sOffice
300 Laporte Ave, City Hall Wa t, 2e' Floor
Fort Collins, CO 80521
Re: DDA Inclusion —McKee l;rothcrs LLCM -Situ Inc.
Dear Steve and Wanda:
This letter is to fallow -up to a conversation I had with Chip Steiner about the recent
approval of the inclusion of property into the DDA District which will be the fitturc site
of In -Situ Inc.'s operations at 301 Lincoln Avenue, Fort Collins, CO 80524. C.R.S. § 31-
25.822 provides that, subsequent to the organvetiom of an authority, property may be
included in the District after a petition Is provided to the hoard of the authority signed by
the owner and approval of the petition by the DDA Board. Upon approval, the DDA is to
submit the petition to the governing body of the municipality and the municipality is to
approve the inclusion as well.
P
L�
Manager
McKtx Drothsav LLC
cc: Chip Steiner
Lucia Liley
17,
DOWNTOWN
DEVELOPMENT
AUTHORITY
TO: DDA Board of Directors
FROM: Chip Steiner C
DATE: March 9, 2004
RE: Alley Design
As a result of discussions about developing way -finding signage in the central business
district it has become apparent that pedestrian circulation routes need to be upgraded in
tandem with the signs providing directional information. These pedestrian routes
frequently involve alleyways.
Two alleys have surfaced as needing immediate attention: that alley running between the
Civic Center Parking Garage and the Opera Galleria and Trimble Court which provides
direct access from College Avenue to Old Town Square.
To make these alleys function as welcoming pedestrian ways, surfaces need to be cleaned
and enhanced, trash needs to be kept enclosed (from both eyes and noses), lighting needs
to be improved, safety upgraded and, where possible, pedestrian -attracting activity needs
to be introduced.
To accomplish these objectives staff is recommending the DDA hire professional design
assistance. This service will help to identify key upgrades necessary to make these two
alleys function as pedestrian avenues. The completed work will also provide the
Authority and the City with a template that can be applied to other downtown alleys.
Staff points out that using downtown alleys as a pedestrian system is a very important
component of the DDA's vision to help with the evolution of the central business district
into a full time cultural district. Estimated cost should not exceed $40,000.
Board direction is requested.
0
DOWNTOWN
DEVELOPMENT
AUTHORITY
TO: DDA Board of Dir ors
FROM: Chip Steiner
DATE: March 9, 2004�
RE: Discovery Center
The Discovery Center has become an institution in Fort Collins. Yet, because its lease
expires next year, it is looking for a new location, the primary place right now being
Centers (it is offering to put the land into the deal for free).
The Discovery Center brings about 38,000 people to Fort Collins every year. Although
most of those are children, the impact is still large. Such a facility would fit perfectly
into the downtown cultural district because it is cultural and it is so wonderfully family -
oriented.
Staff is asking the Board to give its OK to research ways to bring the Discovery Center to
downtown. Aside from easy access, the Center is looking for a way to establish a
permanent revenue stream to help fund operations and growth. Staff suggests that the
downtown environment and the resources of the DDA represent the only real competition
Fort Collins can mount against the Centerra proposal. If given the go-ahead, staff will
work to identify sites and a developer who might be able to bring a commercial element
to the project (such as an I -Max theater —another project that fits perfectly with the
downtown cultural district) and through that, a revenue stream that can be shared by the
Discovery Center.
DOWNTOWN
DEVELOPMENT
ddoAUTHORITY
TO: DDA Board of I&ectors
FROM: Chip Steiner
DATE: March 9, 200
RE: National Association for Interpretation Commitment Extension
The DDA's commitment to the National Association for Interpretation expires in June.
At that time, the project will still be under construction. The lender for the project is
concerned that the Authority will not renew its commitment and is therefore balking at
providing a loan.
Staff requests the Board approve renewing its commitment to this project now. This will
insure to the lender that the DDA's commitment will still be in place when the project is
completed. A new project commitment form is attached.
DOWNTOWN DEVELOPMENT AUTHORITY
PROJECT COMMITMENT TERMS
The Downtown Development Authority Board of Directors renews this preliminary
commitment to participate in redevelopment of 230 Cherry Street based upon the
following terms:
1. The commitment by the DDA is for a period of 12 months commencing on the
date the Board of Directors votes in favor of participation. If this project is being funded
from administrative resources, it is contingent upon re -appropriation of funds by City
Council if the 12-month period extends into the next budget year. If this project is being
funded through a tax increment debt instrument, the DDA commitment is contingent
upon approval by City Council. Funding type: _Administrative X TIF.
2. The project owner must provide the DDA with periodic updates, the frequency to
be determined on a case -by -case basis.
3. Extension of the 12-month commitment may be considered upon the formal
request of the project owner or authorized representative and must be placed on the Board
of Director's agenda no later than the 121h month of the most recent commitment term
then in effect.
4. If there is a change in project ownership, the continuation of this commitment
requires notice to the Downtown Development Authority and the Board may, at its sole
discretion, require reconsideration of the DDA commitment.
5. Reduction in the private investment for taxable improvements here declared at
$893,148.00, of more than 10 percent requires reconsideration of the Authority's
commitment by the Board of Directors.
6. An appraisal by the Larimer County Assessor's office of the completed project
that fails to substantiate a taxable value of $893,148.00 may give cause to the Board of
Directors, at the sole discretion, to reconsider the Authority's commitment to this project.
7. This commitment is contingent upon the completed project being consistent in
scope, use, and design with that presented to the Board at the time this commitment was
made. If no scope, use, and design have been provided at the time of this commitment,
the commitment is contingent upon the acceptance by the Board of Directors of a scope,
use, and design as submitted at some later date but prior to any disbursement of funds.
8. This commitment is expressly contingent upon the acceptance and execution of an
agreement between the Downtown Development Authority and the project owner(s).
The DDA Commitment is: Up to $200,000 for fagade easement and public
improvements.
The date of this renewed commitment is: March 11, 2004
Project Owner
Please Print Name and Title
Kim Jordan, Chair
Downtown Development Authority
0
DOWNTOWN
DEVELOPMENT
ddoAUTHORITY
TO: DDA Board of Dir org
FROM: Chip Steiner
DATE: March 9, 2004
RE: Old Town Cultural Center
Through the course of the past year the Old Town Cultural District working committee
has devoted most of its time to the idea that a performing arts hall should be the district's
catalyst project. However, issues keep surfacing that suggest this is not the right
approach:
1. Building consensus for a performing arts hall is somewhat contentious;
2. Stringent demands for broader representation —mostly from the arts community —
on the working committee;
3. Failure to understand the distinction between a cultural district and an arts
district;
4. Trying to put a framework around just what a cultural district entails has proven
very difficult —not because of a shortage of ideas but because there are so many
ideas arising from special interests which results in problems establishing
priorities;
5. Turf issues. What entity will do what; worries about competition for funding
resources; how the district will be managed, to name a few;
6. In the aggregate, these issues have resulted in the DDA losing control of the
project.
After discussions with a number of people including the City Manager, some Board
members, and other community leaders, staff would like to suggest an alternative
approach: rather than focusing primarily on the performing arts hall, devote DDA
resources to leveraging smaller, less controversial, less expensive, project elements that
will incrementally lead to the blossoming of the proposed cultural district. There are a
number of advantages to this approach:
1. It will allow for a much more rapid "deployment" of the cultural district since the
DDA can either do projects on its own or leverage projects through the private
sector (the Board has already discussed two such elements earlier in this agenda —
alleys and the Discovery Center);
2. It will give us the ability to test the waters without the huge financial commitment
entailed by the performing arts hall;
3. We avoid, at least for the time being, the need for any new additional tax levies;
4. We can maintain control;
Mostly, it establishes an incremental approach that gives us the time to build the
programming aspects of the cultural district over a much broader time span.
In addition to the alley projects and the Discovery Center, the Downtown Business
Association is looking at developing an amphitheater on its own. The DDA can work
with the Colorado College of Contemporary Music, the Center for Fine Art Photography,
Bas Bleu, and other private ventures which help to create the cultural environment
envisioned by the Board. The Authority can also consider building lecture halls, an
independent art school, ice rink, farmer's market, and perhaps a small convention center.
Assuming the Armstrong Hotel is successful, there will also be new opportunities for
small hotel development. Importantly, the DDA can probably accomplish all these
projects with existing and projected financial resources. Remember: the Authority's
commitment to the performing arts center was in the neighborhood of $15 million and all
of that was for one public, non -tax increment -generating facility. Equally important,
together all these smaller projects will confirm downtown as the de facto cultural district
of Northern Colorado which, over the next few years, should help build broad support for
a truly spectacular performing arts facility. It should also serve to attract other private
sector cultural investment.
If the Board supports this revised approach, staff will immediately begin the process of
identifying project partners, site selection, and design work. As facilities get added to the
inventory, the Downtown Business Association can expand its programming efforts to
utilize them and to promote a coordinated, consistent, cultural theme for downtown.
Project Updates.
1. Chamber deal is done.
2. Construction has begun on the information center and public bathrooms.
3. Baptist church is done.
4. The National Association for Interpretation may be under construction by the time
of this executive committee meeting.
5. We have drafted all the agreements for the Empire, Cortina, First National Bank,
Pine Street Lofts.
6. Bisetti's renovation is under construction. As of my last conversation with
Robert, he will be seeking little if any DDA participation.
7. Bill Sears and I attended a "town meeting" hosted by David Roy. Most of the
discussion focused on downtown parking issues.
8. I spoke to the Latimer County Democratic Business Coalition about economic
development.
9. Bas Bleu relocation to and renovation of the Giddings building has been
underwritten by Tom Sutherland and should begin construction soon. Bas Bleu
will be seeking DDA participation.
10. Webster House has been annexed.
11. Mikal Torgerson's group has closed on all but one of the properties in the
triangular block being proposed as a hotel/convention center.