HomeMy WebLinkAboutDowntown Development Authority - Minutes - 01/24/1985I ' � DOWNTOWN �
DEVELOPMENT
diMAUTHORITY
281 NORTH COLLEGE AVENUE, FORT COLLINS, COLORADO 80524
DOWNTOWN DEVELOPMENT AUTHORITY
Regular Directors Meeting
January 24, 1985
The Board of Directors of the Downtown Development Authority met
in regular session at 7:30 a.m. January 24, 1985, in the Council
Information Center.
There were present:
Earl Wilkinson, Chairman presiding
Barbara Schofield
Art March
Dan Larsen
Barbara Rutstein
Dave McGarry
Chuck Wanner
Staff:
Bill Kingsbury, Executive Director
Kathy Field
Chip Steiner
also:
Dick Beardmore Curt Smith
Ken Bonetti Greg Denton
Phyllis Stewart Jim Woodward
Absent were:
Ray Dixon
Jim Reidhead
Chairman Wilkinson called for approval of the minutes of January
10. Art March, seconded by Barbara Schofield, moved for their
approval. There were no additions or corrections.
(303) 484-2020
KINUTES
Chip Steiner presented an update on the garage and discussed the
revised bid on tenant finish. Greg Denton recommended that the
} Board authorize the Executive Director to award the contract when
the bid bond issue is resolved. Mr. Denton saw no legal problem
in accepting the lowest bid. Barbara Schofield, seconded by Dan
Larsen, moved approval of Resolution 85-4 as amended to authorize
the Executive Director to enter into contract with Jerald Con-
struction once the Authority's Counsel determines it is legal to
do so. There were no dissenting votes.
A letter from Walker, Inc., engineers for the garage, indicated
their acceptance of the concrete in the facility for the first
three floors, and recommended corrective topping for the fourth
floor in a "worst case" scenario. The funds to be withheld from
payment to Madsen pending receipt of results from Portland Cement
Association are $171,500 plus $110,000 retainage. Earl Wilkinson
requested that the Board delay making a decision until after dis-
cussion in Executive Session.
Dick Beardmore reported that the Plaza requires a final cleanup
and scrubbing of construction debris for acceptance by Old Town
Associates to do maintenance. There are still questions concern-
ing the operation and maintenance of the water feature, and accep-
tance is pending receipt of the manual and a run through by the
maintenance personnel. Mr. Beardmore's estimate of the cost of
the paver system indicates a credit from Old Town Associates of
between $8,300 and $10,000 for the patios at Nicky's and Rooster
Cogburn's. Dave McCarry, seconded by Barbara Schofield, moved
that a letter be sent to Madsen insisting that the General Con-
tractor adhere to the contract and the 365 day completion date,
and stating that no further payments on the plaza will be made
until the project is finished.
Art March and Earl Wilkinson withdrew. Dan Larsen chaired the
meeting.
Bill Kingsbury reviewed the City Council Work Session. Steps to
be taken on the Cappello project are meetings between Art March
and Dave Dwyer to ensure the similarity of the wording of the
Russell contract with the note, and receipt of financial informa-
tion from Cappello as well as a completed appraisal.
Directors March and Wilkinson returned to discussion. Mr
Wilkinson resumed the chair.
Barbara Rutstein passed around a memo to the Board. Following
discussion, Mr. Wilkinson requested that each board member respond
to the questions.
Barbara Schofield, seconded by Dave McCarry, moved that the
meeting go into Executive Session to discuss legal matters
pertaining to the parking garage.
dITHDRAW
"APPELLO
RETURN
EXECUTIVE
SESSION
The Board came out of Executive Session. Earl Wilkinson stated
that Greg Denton is authorized to issue payments to Madsen with
retainage of approximately $280,000 pending receipt from Walker of
the test results.
There being no fulyoofer business, the meeting adjourned.
Arthur E. March Jr., Secretary
ADJOURN