HomeMy WebLinkAboutDowntown Development Authority - Minutes - 09/16/1985ddaDANTOWN 0
DEVELOPMENT
AUTHORITY
102 REMINGTON STREET, FORT COLLINS, COLORADO 80524 (303) 484-2020
DOWNTOWN DEVELOPMENT AUTHORITY
Special Directors Meeting
September 16, 1985
The Board of Directors of the Downtown Development Authority met in
special session at 7:30 a.m., September 16, 1985 in the DDA
Conference Room.
There were present: PRESENT
Barbara Schofield, Chairman presiding
George Betz
Barbara Liebler
Bill Friedrichsen
Eldon Ward
Larry Estrada
Dan Larsen
Chuck Wanner
Staff:
Bill Kingsbury, Executive Director
Chip Steiner
Jan Martin
Also:
Dave Dwyer
Bill Wildman
Don Berland
Absent: ABSENT
Earl Wilkinson
Barbara Schofield called the meeting to order. Bill Wildman, Senior
Vice -President with Boettcher, was present to discuss ways the new
bonds could be issued.
Eldon Ward moved that $5 million in new bonds be issued seconded by
Larry Estrada. A roll call vote was taken to determine the Board
members in favor of issuing new bonds. The Board members present
(Earl Wilkinson was absent and George Betz had to leave early) were
unanimously in favor of issuing $5 million in new bonds.
The next item of discussion was the amount of money to escrow in
order to cover issuance costs. Barbara Liebler moved that $250,000
be escrowed when the notes are issued with the option of negotiating
with the developer to cover any short fall the DDA might incur
because of the issuance of the bonds. Eldon Ward seconded the
motion. A roll call vote was taken. The Board members present were
unanimously in favor of this motion.
Bill Kingsbury brought up the subject of havin evening meetings in
order for the DDA to gain public input on projects being considered
by the DDA. Most of the Board members agreed that the hearings were
a good idea. Barbara Liebler volunteered to deliver notices for the
public hearing on the Pirst Interstate Project. The Board members
were encouraged to ask questions of developers publically.
There being no other business, the meeting was adjourned.
Barbara Liebler, Secretary
i
ADJOURN