Loading...
HomeMy WebLinkAboutDowntown Development Authority - Minutes - 07/06/2000DtWNTOWN � DEVELOPMENT AUTHORITY 19 OLD TOWN SQUARE, SUITE 230 Telephone (970) 484-2020 FORT COLLINS, CO 80524 Telefox (970) 484-2069 Mary Brayton, Chair 484-1401 (W) Chuck warmer, Council Liaison 484-0810 (H) Anne Garrison, staff Liaison 484-M (W) DOWNTOWN DEVELOPMENT AUTHORITY Regular Directors' Meeting MINUTES OF JULY 6, 2000 REGULAR MEETING The Board of Directors of the Downtown Development Authority met in regular session at 7:30 a.m. on July 6, 2000 in the conference Room at Home State Bank, 303 East Mountain Avenue. PRESENT There were present: Mary Brayton, Chair Larry Stroud, Vice Chair Jason Meadors, Secretary/Treasurer Steve Slezak Greg Belcher Carey Hewitt John Pitner Margaret Brown ABSENT Chuck Wanner STAFF Jay Hardy, Executive Director Lucia Liley, Counsel GUESTS Mikal Torgerson, John Fischbach, Bill Sears, David Short, Dick Hill, Sue Schell, Jane Nevrivy, Earnest Gardner CALL TO ORDER Ms. Brayton called the meeting to order at 7.35 a.m. roll call was taken and it was noted that there was no quorum as yet. APPROVAL OF Mr. Stroud moved to adopt the minutes of June 1, 2000 as written, MINUTES this was seconded by Mr. Pitner and carried unanimously. DDA MINUTES PAGE 400 NORTH COLLEGE Mr. Hardy referred the Board to the information contained in the packets, and explained that the restoration of the 'Just Office Furniture' building entailed three phases, two of which had been completed in the last few years, all work being internal reconstruction. The facade is the final segment, and it is slated for completion this fall. Two hundred and forty thousand has already been spent on this building, the facade will add another sixty thousand, which will generate a tax increment of $37,000 assuming it is completed in 2000. In addition, Mr. Gardner has offered a portion of the comer for signage which would identify the street as a gateway to the downtown and river area. Mr. Torgerson, speaking on behalf of the project, explained the model. Proposing to sheath the entire building in EIFS or cultured stone, giving it more of an 'old town' look and blending better with the character of Old Town. The main entrance will be moved from the south side to College Avenue and a false parapet is proposed to continue the cornice work around the entire building. Signage may also be brought into line with the character of the area. Other improvements already in place are a berm adjacent to expanded parking, approximately six frees and the City has put in a sidewalk. Mr. Gardner is asking the Board's participation in the amount of $40,000 to complete the facade. Without DDA assistance, the facade will be scaled back. Mr. Hewett then moved to support the project through tax increment funds in the amount of $35,000. Mr. Pitner offered a friendly amendment for the amount of $37,000, Mr. Hewett accepted the amendment and it was seconded by Mr. Pitner. The Board expressed concern that if the project was not completed in 2000 whether the owner or the Board makes up the shortage of increment. Counsel suggested that the Board make the motion subject to the condition that if the project is not completed by year end, the owner will have to return and be subject to Board action. Mr. Hewett agreed to amend the motion once again to require that work be completed, as presented by year end 2000, Mr. Pitner concurred and the vote carried unanimously. 201 S. COLLEGE Recapping for the Board, Mr. Hardy introduced Sue Schell, Dick Hill and Jane Nevrivy, and it was noted that this project is already complete. Mr. Hardy explained that it was originally understood that the restoration taking place was all interior. When later it was noted that exterior work was also underway, DDA was able to consider participating in the project. Mr. Hardy recalled for the Board that DDA had officed at 201 S. College for several years, had underwritten the cost of renovation of a conference room, and had participated on earlier facade work in the amount of $6,000.00. A fund raising program is in progress which to date has brought in $12,000. There is, however, a $19,000 shortfall. There was some discussion about tenants and if they would be retained. It was explained by Ms. Schell that the museum ideally would like to have more of the building in order to be viable and continue to grow, there is also a lender condition which requires a certain portion of the occupancy to be non profit. There are ongoing plans to maintain the building which include HVAC which is slated next at a probable cost of $150,000. Mr. Hardy explained why capital project funding should be used rather than tax increment, should the Board decide to support the project. There is just DDA MINUTES PAGE under $77,000 available at this time. Acknowledging the importance of the building, both historically and aesthetically, Mr. Belcher moved to commit $19,000 from Capital funds, and to require the facade easement of the remaining unattached building facade also be included. The northside easement is already part of the 1996 agreement. The motion was seconded by Mr. Slezak and carried unanimously. MULBERRY/LEMAY Mr. Hardy noted that three goals had been identified by the committee. ANNEXATION They are to determine DDA's presentation to City Council, to outline the flagpole, (Lincoln Avenue has been selected) and address the funding issue by linking projects specifically to the tax increment generated by the annexation. The direction is to match DDA's highest priorities with those of City Staff. It is projected that $4.8 million in tax increment will be captured and tied to such projects as Linden/Jefferson improvements; Linden streetscape; and a downtown shuffle. This figure represents a projected 60%. DDA would be able to use the remaining 40% on other projects as they come on line. The presentation to Council is expected to take place in September. Asked for additional information on the shuffle, Mr. Fischbach responded that he envisions a rubber fired trolley which would circle downtown and provide the merchants with something immediate. However, seven or eight routes would be laid out so that the maximum wait for transportation would not exceed ten minutes. This would be strictly for downtown and not go as far south as the mall; more trolleys would be needed to provide that service. It has been determined that the streetscope is considered the highest priority and the shuttle lower in City staff ranking. Mr. Stroud wanted to emphasize matching priorities with City Staff, but also to make it clear that public improvements are in addition to, not instead of improvement required in the development process. Wal*Mart does not benefit from the annexation, rather it costs them, and DDA's presentation to Council needs to make this very clear. At this juncture, Mr. Stroud moved to accept the Wal*Mart Annexation, flagpole and financial commitment as outlined in Mr. Hardy's report. This was seconded by Mr. Meadors. Ms. Brown inquired whether or not the mix for the 60% financial commitment had been determined. Ms. Brayton requested that Mr. Hardy develop tighter figures so as to be as accurate as possible, and these will be contained in the August packets. The motion to proceed with the proposal for annexation as presented carried unanimously. ADJOURN There being no further discussion, the meeting adjourned at 8:50 a.m. Jason Meadors, Secretary ddaAWNTOWN • DEVELOPMENT AUTHORITY 19 OLD TOWN SQUARE, SUITE 230 Telephone (970) 484-2020 FORT COLLINS, CO 80524 Telefox (970) 484-2069 To: DDA Board of Directors From: Jay Hardy f Date: August 3, 20� Re: Re: Mason- Street Corridor / Downtown Parking update As you are aware, the Mason Street Corridor Lead Team has been meeting for over a year, and Susanne Durkin from the City of Fort Collins will be in attendance to update the Board on the progress and upcoming process for this project. Additionally, she will be giving the Board an update on downtown parking issues, which the City is currently monitoring.