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HomeMy WebLinkAbout2000 - Downtown Development Authority - Annual Report��AWNTOWNDEVELOPMENT AUTHORITY 19 OLD TOWN SQUARE, SUITE 230 Telephone (970) 484-2020 FORT COLLINS, CO 80524 Telefax (970) 484-2069 DOWNTOWN DEVELOPMENT AUTHORITY 2000 Annual Report DECEMBER 2000 The following outlines many of the projects and work items the DDA was involved in during 2000: Old Town Square. During 2000, the DDA committed efforts to the improvement and upgrading of the maintenance and capital improvements of Old Town Square. In that time, the DDA assisted in the repair and replacement of pumps within the fountain, upgraded lighting, concrete and flagstone seating as well as replacement of selected areas of the plaza pavers. Old Town Square Patio Licenses. Beginning in January 2001, all patio space in Old Town Square will begin to operate under a license agreement. This agreement will consist of additional liability coverage; a fee of $1 per square foot and the ability to monitor this publicly owned area. Poudre River Property Owners Group Liaison. As plans for the Poudre River redevelopment begin to unfold, the DDA continues to work very closely with the 50+ property owners. Poudre River Corridor Plan. The DDA assisted in the City's Poudre River Corridor planning process. Floodplain Task Force. The DDA has participated in the recommendation and input process through its involvement in the task force. Our representation on this task force we believe to be vital, not only because decisions were made which will impact projects within the DDA boundaries, but also to ensure that the property owners concerns and rights were upheld and addressed. Performing Arts Center. DDA has continued its involvement in the site selection process of the proposed Performing Arts Center. As plans continue to emerge, we anticipate a further commitment in bringing this project to reality. Successor Entity to DDA. DDA has enlisted a core group of community citizens to begin the process of selecting a timeline and mechanism, which can succeed the DDA. The current DDA will expire in 2006. Project Financing. The DDA successfully funded four projects with a bond series in February 2000. This funding provided for improvements to the Armstrong Hotel, 401 W. Mountain Ave., Four Corners streetscape improvements, and Walnut Street sidewalk improvements. Mulberry & Lemay Crossings Annexation. During FY2000, the DDA recommended to City Council the expansion of the boundaries of the DDA to include the Mulberry & Lemay Crossings project. This annexation was approved and funding from this project appears to be a substantial opportunity to further the mission of the DDA. Additional Projects in process or completed: 251 Linden Street Northern Hotel City Drug 107-115 S. College Ave. (Robert Trimble Block) 185 N. College Ave. 345 E. Mountain Ave. Armory Building 231 S. Howes 401 W. Mountain Ave. (Trolley Station) Silver Grill Cafd renovation Perennial Gardener expansion (160-164 N. College Ave.) International Museum/lmax Theatre feasibility studies Wright Life Building Downtown Holiday Lighting upgrade 125 S. College Ave. (J. Pitner Bldg.) Mason Street Transportation Plan 400 N. College Ave. (Just Office Furniture) 201 S. College Ave. (Old Post Office) 616 S. College Ave.