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HomeMy WebLinkAboutDowntown Development Authority - Minutes - 07/11/2002DOWNTOWN DEVELOPMENT AUTHORt1Y REGULAR DIRECTORS' MEETING LARRY STROUD, CHAIR 229-9900 (wM BILL BERTSCHY, COUNCIL LIAISON 484-8838 (WM ANNE GARRISON, STAFF LIAISON 484-2020 (V) MINUTES OF JULY 1 1. 2002 REGULAR MEETING THE BOARD OF DIRECTORS OF THE DOWNTOWN DEVELOPMENT AUTHORITY MET IN REGULAR SESSION AT 7:30 A.M. ON JULY 1 1. 2002 IN THE MEETING ROOM AT HOME STATE BANK - 303 EAST MOUNTAIN AVENUE, FORT COLLINS, CO 80524. PRESENT TNERE WERE PRESENT: LARRY STROUD, CHAIR Kim JORDAN. VICE CHAIR MARY BRAYTON. RICK GOODALE CAREY HEWTTT GREG BELCHER STEVE TAYLOR ABSENT: JASON MEADORS, SECRETARY/TREASURER BILL BERTSCHY STAFF: ROBERT STGNER, EXECUTIVE DIRECTOR ANNE GARRISON LUCIA LILEY, LEGAL COUNSEL GUESTS: JOHN FISCHBACH. ALAN KRCNARIK, DAVID SHORT, MIKE WALKER, BILL SEARS, TIMOTHY VALDER, MIKAL TORGER3ON, DIANE JONES, BOB SMITH, MYRNE WATROUS, CALL TO ORDER MR. STROUD CALLED THE MEETING TO ORDER AND ROLL CALL WAS TAKEN. APPROVAL OF MINUTES MR. BELCHER MOVED TO APPROVE THE MINUTES OF JUNK 6, 2002 THIS WAS SECONDED BY MR. HEWITT AND CARRIED UNANIMOUSLY. PORT-O-LET FUNDING MR, STEINER GAVE AN UPDATE ON THE JOINT EFFORTS TO PROVIDE A TEMPORARY SOLUTION TO THE PROBLEMS CREATED BY LATE NIGHT BAR ATTENDEES, PARTICULARLY IN THE PLAZA, THE COST PER UNIT IS $70 A MONTH, AND WITH TWO CLEANINGS A WEEK, THE COST WILL BE $ 1 35 PER MONTH. _ MR. STEINER_ RECOMMENDS THE BOARD PARTICIPATE IN THE RENTAL OF 31X UNITS, AND THAT EAR OWNERS BEAR FIFTY PERCENT OF THE COST, THE BALANCE TO BE SPLIT EQUALLY BETWEEN DDA AND DBA. OFFICER MIKE WALKER THEN SPOKE TO THE POLICE EFFORTS UNDERWAY TO ADDRESS THIS ISSUE. TWO DEDICATED OFFICERS ARE IN THE PLAZA AND SURROUNDING AREAS WEDNESDAY THROUGH SATURDAY NIGHTS, AND SINCE MARCH, 230 CRIMINAL CITATIONS HAVE BEEN ISSUED. THE SUGGESTION 13 NAME TO PLACE TWO UNITS IN EACH PARKING STRUCTURE, AND TWO JUST OFF THE PLAZA (ON WALNUT STREET.) IN EACH CASE, LOCATIONS ARE WELL LIT AND CAN BE MONITORED. THE BOARD BRIEFLY DISCUSSED THE POSSIBILITY OF EXTENDING THE HOURS OF TRIMBLE COURT AND OAK STREET RESTROOMS, AND MAKING THEM LESS SUSCEPTIBLE TO VANDALISM AND USE BY HOMELESS INDIWDUALS, THROUGH BETTER LIGHTING AND FUNCTIONAL RENOVATION. DDA MINUTES PAGE 2 OFFICER WALKER EKPWNED THAT THIS WAS A PILOT PROJECT, AND THAT A DETERMINATION WOULD BE MADE WITHIN 00 DAYS TO ASCERTAIN ITS SUCCESS, ONE METHOD WOULD BE TO COMPARE THE NUMBER OF CITATIONS ISSUED BEFORE AND AFTER PLACEMENT OF THE UNITS. MR. GOODALE THEN MOVED TO SUPPORT THE PROJECT BY PARTICIPATING IN THE ACQUISITION OF UP TO SIX UNITS; THAT DDA'S FINANCIAL COMMITMENT BE 25% OF THE TOTAL COST, SUBJECT TO COMMITMENTS FROM THE BAR ASSOCIATION AND DBA, AND THAT THIS BE EVALUATED THROUGH THE END OF OCTOBER. THIS WAS SECONDED BY MR. BELCHER, OFFICER WALKER SAID HE WOULD BE ABLE TO PROVIDE A LOT OF INFORMATION, SOME OF WHICH WOULD BE AVAILABLE MUCH EARLIER THAN OCTOBER. HOWEVER, THIS PROJECT IS INTENDED AS A TEMPORARY SOLUTION UNTIL SUCH TIMES AS A MORE PERMANENT ONE CAN BE FOUND, HE EXPRESSED CONCERN THAT IF UNITS WERE REMOVED AFTER 00 DAYS, WE WOULD BE TAKING A $MR BACKWARD. MS. JORDAN SUGGESTED THAT UNITS BE CHECKED EVERY DAY, EVEN IF THEY ARE CLEANED LESS FREQUENTLY, SO PROBLEMS CAN BE SPEEDILY ADDRESSED. MR. MSCHBACH ADDED THAT IT MIGHT ALSO BE PRUDENT TO EXTEND THE PILOT PROJECT THROUGH NOVEMBER 15, SO THAT A DECISION COULD BE MADE AT THE NOVEMBER 7, MEETING. THIS WAS ACCEPTABLE TO THE BOARD, AND MR. GoODALE REQUESTED THIS SUGGESTION BE INCORPORATED IN HIS MOTION. MR, GOODALE INQUIRED IF RESEARCH HAD BEEN DONE ON THE MI TECH RESTROOMS WHICH MIGHT BE A PERMANENT SOLUTION TO THE PROBLEM, AND OFFICER WALKER RESPONDED AFFIRMATIVELY. HE STATED THAT THEY ARE 9ELF-CLEANINO, PRECLUDE TRANSIENT USE AS A SHELTER, AND ARE EFFICIENT AND ATTRACTIVE, THERE ARE ALSO MANY WAYS A COMMUNITY CAN OFFSET THE COST. SAN FPANCISCO OBTAINED ITS UNIT AT NO COST WE TO MONIES RECEIVED FROM ADVERTISING, WHICH GENERATED 43 MILLION DOLLARS, IN THEIR CASE. AT THIS JUNCTURE, THE BOARD VOTED UNANIMOUSLY TO PARTICIPATE IN THE PILOT PROJECT AS STATED IN THE AMENDED MOTION. RIVER CORRIDOR UPDATE INTRODUCING BOB SMITH AND TIMOTHY WILDER, MR. STEINER NOTED THAT SOME TIME AGO, THE BOARD HAD APPROVED THE EXPENDITURE OF UP TO $450,000 FOR THE DEVELOPMENT OF A RIVER ENHANCEMENT PROJECT. USING SEVERAL DUORAMS, MR. SMITH PROVIDED THE BOARD WITH A VISUAL DESCRIPTION OF THE CURRENT SITUATION. WHEN LINDEN STREET WAS BUILT, THE RIVER WAS EXPANDED, AND OVER TIME, A HABITAT WITH VEGETATION HAS EVOLVED, THIS 13 THE ONLY SECTION OF THE RIVER WITH A HABITAT. WHEN PROJECT PLANNING BEGAN THERE WERE FOUR CONSIDERATIONS : BANK STABILIZATION - RECREATION ` HABITAT ADVANCEMENT - FLOOD CONTROL THE PLAN 13 TO MOVE THINGS BACK FROM THE RIVER ON TIE NORTHSIDE TO PROVIDE A NUMBER OF ENHANCEMENTS, AS MENTIONED ABOVE. THE RANCHWAY FEED SITE IS OF CONCERN, THE RIVER BADLY NEEDS STABILIZATION AND CONTAINMENT DUE TO SERIOUS EROSION PROBLEMS. THE TRAIL AND LEW WILL BE MOVED BACK TO ALLOW FOR A WIDER CORRIDOR THAT PROVIDES AN OPPORTUNITY TO ENHANCE THE HABITAT. THE ISLAND IN MID RIVER WITH THE TREES WILL REMAIN. BOATS, IN AND OF THEMSELVES DO NOT PRESENT A PROBLEM, BUT SOME OF THE ACCESSORIES THAT 00 WITH THEM ARE A CONCERN. THE CITY IS NOW CONSIDERING THE POWER PLANT SITE FOR BOATING SINCE PART OF THE INFRASTRUCTURE IS ALREADY IN PLACE, IN THAT THERE ARE EXISTING PARKING PLACES, AND SPACE FOR CHANGING AND REST ROOMS. THUS THE NATURAL AREAS WALL REMAIN ON ONE SIDE OF THE RIVER, WITH THE VISITORS, BOATING AND OTHER ACTIVITY ON THE OTHER, MR. SMITH CONCLUDED BY SAYING THAT THE PROJECT ON LINCOLN AND LINDEN IS ON HOLD UNTIL THE PROPOSED PLANS HAVE BEEN REVIEWED BY THE PARKS DEPARTMENT, WHO WILL GIVE THEIR INPUT, AND THIS SHOULD BE AVAILABLE IN ABOUT A MONTH. IN THE OUESTON AND ANSWER PERIOD THAT FOLLOWED, IT WAS CONFIRMED THAT THESE CHANGES WOULD INDEED FLOOD PROOF THE BUCKINOHAM AREA, AND MOVE IT OUT OF THE FLOOD PWN. IF EVERYTHING COMES TOOETIER AS PLANNED, IT IS HOPED TO BE UNDER CONSTRUCTION BY 2004. TRANSPORTATION S DUNE JONES PROVIDED AN UPDATE ON THE TRANSPORTATION SYSTEM, WHICH IS A CRITICAL FUNDING ELEMENT TO THE FUNCTION OF A COMMUNITY. A TWO PERSON COMMITTEE COMPRISING BILL BERTSCHY AND KURT KASTEIN, WORKED TOGETHER TO PROVIDE THE STRATEGY FOR ADDRESSING THE CAPITAL NEEDS. REPRESENTING DIFFERENT EN03 OF THE SPECTRUM ON CITY COUNCIL, THEY DDA MINUTES PAGE 3 WERE ABLE TO REACH CONSENSUS, HOPEFULLY IN A WAY THAT IS PALATABLE BOTH TO CITY COUNCIL AND TO THE COMMUNITY AS A WHOLE. MS. JONES CLARIFIED CAPITAL NEEDS, THESE COMPRISE STREET MAINTENANCE AND OPERATIONS, It. SNOW PLOWING, AND TRANSIT CAPITAL, WHICH DOES NOT REFER TO THE TRANSIT SYSTEM, BUT RATHER TO SMELTERS, BUSES AND EQUIPMENT, TOGETHER WITH BIKE AND PEDESTRIAN FACILITIES. THE NEEDS IN TERMS OF TRANSPORTATION CAPITAL TOTAL ABOUT 1.3 BILLION DOLLARS, AND BUILD OUT COULD TAKE PLACE AT 15 YEARS, OR 30 YEARS, THE TIME BEING DRIVEN BY THE MARKET. AS THE CRY CONSIDERS POTENTIAL FUNDING SOURCES, IT NAB STREET OVERSIZING, FEDERAL AMC STATE GRANTS, AND DEVELOPERS SHARE, MATCHING FUNDS BEING A CRITICAL COMPONENT IN RECEIVING STATE AND FEDERAL FUNDS. A FOUR PART STRATEGY HAS BEEN SET FORTH: • A NEW .25 CENT SALES/USE TAX • A I % NEW CONSTRUCTION EXCISE TAX • TRANSPORTATION MAINTENANCE Fez • REDIRECT CITY GENERAL FUND (I MILLION PER YEAR) SALES AND USE TAX WOULD GENERATE ABOUT 5.0 MILLION PER YEAR, GROCERY, FOOD AND PRESCRIPTION SALES ARE EXEMPT. CONSTRUCTION EXCISE TAX WOULD BE I % OF ESTIMATED COST OF NEW CONSTRUCTOR THAT 13 BELIEVED WOULD GENERATE $2.045 MILLION DOLLARS PER YEAR. THE TRANSPORTATION MAINTENANCE FEE IS ESTIMATED WILL PROVIDE $ 1,3 MILLION PER YEAR, AND $ 1 MILLION DOLLARS COMING OVER FROM THE GENERAL FUND, FOR A TOTAL YIELD OF $ 10.3 MILLION PER YEAR, IT HAS BEEN DETERMINED THAT COUNCIL WILL REVIEW PROJECTS TO BE DONE EVERY FOUR YEARS. IN A RECENT SURVEY, 452% SUPPORTED THE .25 CENT TAX INCREASE. THERE WAS ALSO SUPPORT FOR THE NEW CONSTRUCTION EXCISE TAX. NEXT TUESDAY. COUNCIL WILL BE ASKED TO GIVE DIRECTION FOR PLACINO THESE ISSUES ON THE BALLOT FOR THE NOVEMBER ELECTION FOR THE SALES/USE AND EXCISE TAXES, WHICH IT IS RECOMMENDED, NOT BE BUNDLED. 223 NORTH COLLEGE MR. STEINER REFERRED TO THE PROJECT OWNERS' REQUEST FOR PARTICIPATION IN THE AMOUNT OF $75,000, NOTING THAT TAX INCREMENT ON THE COMPLETED PROJECT WOULD SUPPORT A DDA INVESTMENT OF APPROXIMATELY $25.000. HOWEVER, THE REMOVAL OF THE BILLBOARDS FROM THIS NORTH COLLEGE PROPERTY 13 AN IMPORTANT CONSIDERATION. A CONTRACT PENDING WITH FLACK OUTDOOR ADVERTISING, WOULD, IF EXECUTED, GENERATE A REVENUE STREAM OF $75,000 FOR THE OWNER OVER A TWENTY YEAR PERIOD. IF THE BILLBOARDS REMAIN, THEY ARE NOT ONLY A VISUAL EYESORE BUT THEIR CONTENT CANNOT BE RESTRICTED. THE CRY HAS ENCOURAGED THEIR REMOVAL, AND THE PROPERTY OWNER WOULD PREFER IT ALSO, HOWEVER THE POTENTIAL INCOME IS SIGNIFICANT. MR. TOROERSON INDICATED THAT IF ODA FUNDING 13 REDUCED, HE IN TURN WOULD NEED TO REDUCE THE SCOPE OF THE PROJECT. HE SUGGESTED THE WROUGHT IRON RAILINGS COULD BE LESS ELABORATE, AND CERTAIN ASPECTS OF THE PARKING LOT PAVING MIGHT BE COMPLETED AT A LOWER COST. AT THIS JUNCTURE, MR. HEWITT MOVED THAT DDA FUND THE PROJECT IN THE AMOUNT OF $50.000 WHICH INCLUDES THE FACHADE RENOVATION, AS PRESENTED TODAY, AND REMOVAL OF THE BILLBOARDS, THIS PROJECT IS TO RETURN TO THE BOARD, FOLLOWING ANY REDESIGN, FOR FINAL REVIEW OF TOTAL PROJECT COSTS. COUNSEL NOTED THAT THE AGREEMENT SHOULD CARRY LANOUAGE REGARDINO THE REMOVAL OF THE BILLBOARDS. MR. GOOWLE SECONDED THE MOTION, WHICH PASSED 4 TO 3. MR. STEINER NOTED THAT REDUCTION IN THE SCOPE OF THE PROJECT WOULD HAVE AN IMPACT ON THE TAX INCREMENT. HOWEVER, MR, HEART STATED THAT HE WAS NOT "NO HIS MOTION TO THAT. LINDEN STREET PLAN MR. STEINER REFERRED THE BOARD TO THE DRAFT RTP FOR THE CREATION OF AN OVERALL DEVELOPMENT PLAN FOR THE LINDEN STREET CORRIDOR. IT 13 BASED UPON A PROPOSAL PREPARED BY KATHLEEN REAMS, AND $250,000 IS BEING BUDGETED BY DDA FOR THIS -._.PRwccT, SUBJECT TQ ATwRDPRanoR-eT CITT-CDUNcn:... IT MrANRCIPATED-THE PROJECT WILL BE COMPLETED WITHIN NINE MONTHS. MEETINGS WITH PROPERTY OWNERS WILL BE HELD, AND SOME REFINEMENTS FROM THE CITY ADDED. THE BOARD EXPRESSED ITS COMFORT WITH THE BUDGET, AND WITH MR. STEINER PROCEEDING AS OUTLINED. AVER( BUILDING A SIDEWALK IN FRONT OF THE AVERY BUILDING HAS BEEN TEMPORARILY REPAIRED FOLLOWING SIDEWALK ALLEGED DAMAGE FROM AN OVERHEAD HOIST LAST FALL. THE COST TO REBUILD THE 31DEWALK IS $22.000. SUBJECT TO BOARD APPROVAL , IT WAS AGREED TO SHARE THE COST OF REPAIR EQUALLY WITH THE CRY, MR. WAGNER AND THE DDA, REPAIRS ARE NORMALLY EFFECTED BY THE CRY AND BUSINESS OWNER IN EQUAL PORTIONS. HOWEVER, THE CITY'S FUND 13 $30,000 AND 1 ODA MINUTES PAGE 4 SUCH A REPAIR WOULD ALMOST DEPLETE IT, THUS. THE CITY HAS 3000HT DDA ASSISTANCE IN THIS MATTER. MR. STEINER RECOMMENDED HONORING THE COMMITMENT, AND USING MONIES FROM THE ADMINISTRATIVE BUDGET TO DO 30. TOTAL AMOUNT OF PARTICIPATION FOR DOA WOULD BE $7,300.00. MR. HEWRT MOVED TO COMMIT THE AMOUNT OF $7,300 FOR THE SIDEWALK REPAIR AS SPECIFIED, THIS WAS SECONDED BY MR. TAYLOR AND CARRIED, WITH MR. GOODALE IN OPPOSITION, EXTEND INTERIM IN A BRIEF DISCUSSION, IT WAS MOVED BY MS. BRAYTON. SECONDED BY MS. JORDAN AND CARRIED CONTRACT UNANIMOUSLY, TO EXTEND THE INTERIM CONTRACT OF THE EXECUTIVE DIRECTOR TO JULY 31 , 2002 WITH THE PERMANENT CONTRACT EFFECTIVE AUGUST 1, 2002, MR, STROUD 13 AUTHORIZED TO EXECUTE THESE DOCUMENTS ON BEHALF OF THE BOARD OF DIRECTORS. CREATION OF A ZONE MS. LILEY ADDRESSED AN ISSUE THAT APPEARS TO HAVE SOME MERIT AS IT RELATES TO STORE OWNERS IN THE PLAZA. INDIVIDUALS ARE SLEEPING, SITTING AND LYING UP AGAINST STOREFRONTS. THEY ARE OFTEN DISREPUTABLE IN APPEARANCE, USE FOUL LANGUAGE, SMOKE AND DISCARD CIGARETTES ON THE GROUND, AND THE PROBLEM IS BECOMING EXTENSIVE. WHEN THE POLICE ARE SUMMONED, THEY ARE UNABLE TO RESOLVE THE SITUATION, BECAUSE THE SPACE IS ALL PEDESTRIAN PLAZA RIGHT UP TO THE STORE BUILDINGS. A P03316LE 30LUTON MIOMT BE TO CREATE A 101 OR 151 ZONE WHICH DDA WOULD GPANT, AS PART OF THE LICENSE AGREEMENT AND WHICH THE STORE OWNER WOULD CONTROL, 30 THAT POLICE COULD ENFORCE AGAINST TRESPASSING OR INAPPROPRRTE BEHAVIOR, THIS IS CONSISTENT WITH THE COVENANTS ESTABLISHED WHEN THE PLAZA WAS BUILT, WHICH STATE THAT OWNERS HAVE THE OBLIGATION TO MAINTAIN 1 0' OUTSIDE THEIR STORE FRONTS, SOME DEMARCATION LINE 13 NEEDED, THIS MIGHT BE PLANTERS, RAILINGS ETC., HOWEVER, CARE MUST BE EXERCI3ED IN THAT THIS COULD NOT BE USED A3 A PUBLIC SPACE. OR THERE COULD BE ISSUES OF SELECTIVE ENFORCEMENT. ONE SUGOESTION WAS THE USE OF COLORED PAVERS TO DESIGNATE THE PRIVATE AREA. OTHER BUSINESS - JOHNNY13 PLACE - A FULLY EXECUTED AGREEMENT HAS BEEN RECEIVED FROM MACK ANDERSON. OWNER OF 165 NORTH COLLEGE AVENUE. HOWEVER, WORK HAD NOT YET BEGUN ON THIS PROJECT AT THE UST VISUAL INSPECTION MADE PRIOR TO THIS MEETING, ADJOURN THERE BEING NO FURTHER BUSINESS, THE MEETING ADJOURNED AT 9.50 A.M. JASON MEADORS, SECRETARY DOWNTOWN DEVELOPMENT ddoAUTHORITY TO: DDA Board of D' tors FROM: Chip Steiner DATE: September 6, 200 RE: Port -a -lets update and Tree Grates Port -a -Lets. Officer Mike Walker will give the Board an update on the effectiveness of the porta-potty initiative. Suffice it to say that public urination has dried up. Tree Grates. The City is requesting the DDA acquire up to six tree grates at a maximum cost of $700 each. The City would build the concrete frames and do all the installation work. The DDA has frequently funded tree grates in the past. If the Board wishes to participate, funds are available from the administrative capital outlay line item. 19 Old Town Square • Suite 230 • Fort Collins, Colorado 80524 tel: 970.484.2020 • fax: 970.484.2069 DOWNTOWN DEVELOPMENT AUTHORITY TO: DDA Board of D' ors FROM: Chip Steiner DATE: September 6,200 RE: Mason Street North Commitment Attached is a letter from Mickey Willis, a partner in the Mason Street North LLC, asking the Board to renew its commitment to this project. The letter outlines the time schedule and confirms that all documents necessary for a formal agreement will be provided to the DDA. The Board unanimously approved $251,570 in funding for this project at its September 6, 2001 meeting. Jay Hardy's memorandum to the Board outlined the following elements for possible DDA funding: northern parking plaza, roundabout, central parking plaza, railroad crossing, southern parking area, central parking plaza kiosk, and western parking plaza. At build -out, the project's estimated improvement cost will be $8 million which, if valued at the level by the County Assessor will generate adequate tax increment to fulfill the Authority's commitment and staff recommends the DDA extend it for another 12 months. As Mr. Hardy pointed out in his memo, the project has been designed by an award -winning team, it adds residential opportunities to the central business district, and it is located on the northern edge of downtown in a former railroad yard. 19 Old Town Square • Suite 230 • Fort Collins, Colorado 80524 • tel: 970.484,2020 • fax: 970.484.2069 Dear Chip Steiner and DDA Board Members, On behalf of the Mason Street North LLC. I would like to thank you and your board of directors for the commitment you all have shown toward creating a better downtown for Fort Collins and the Northern Colorado Frontrange community. We at Mason Street North, LLC. would like to continue the efforts of your work with the recommitment of future funding from the Downtown Development Authority to the improvements that we all planned together last fall for this wonderful mixed -use development project that is called Mason Street North. I can assure you that we have been working on the project checklist that Chip provided us and that we will comply to all terms of this list. The working plan for MSN has been and will be the following: 1. The city staff and legal team met with us last fall to determine that we could alter the current deeded and recorded parking agreement for the MSN project to include these new areas to be funded by the DDA into the public trust. 2. The project completed the development approval process in early spring of 2002 with a rarely seen unanimous consent vote from the Planning and Zoning Board. 3. The finished working blueprints for the MSN project will be completed before the end of the year 2002 so that construction can be started early 2003. The estimated Drahota Construction time line is 11 months form start, which would take us to the early part of 2004.This is just over one year later than when we originally thought construction would be completed. 4. The legal description for these areas will be defined and rerecorded at a later date as the exact building sites become more defined and the overall development plan (ODP) and development agreements are finalized with the city. 5. All the signatures, insurance binders, loan docs, title work and agreements will be complete prior to construction start and will include the DDA's protection and participation as well. The conclusion of all this is that we need your help in order to create this $8,000,000 downtown infill new -urban project. We are committed to making the Mason Street North development a showpiece of design and construction for Fort Collins and the Downtown Development Authority. On behave of the rest of the Mason Street North, LLC partners and development team, thank you for your patience and funding. Sincerely, Mickey Willis Mason Street North, LLC. Partner DOWNTOWN DEVELOPMENT AUTHORITY PROJECT COMMITMENT TERMS The Downtown Development Authority Board of Directors makes this preliminary commitment to participate in Mason Street North 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 12`h 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 8 million of more than 10 percent requires reconsideration of the Authority's commitment by the Board of Directors. 6. 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 continent 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. 7. 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 $251,570 for improvements eligible under Colorado State Statute for Downtown Development Authorities. The date of this commitment is: September 6, 2002 Project Owner Please Print Name and Title Downtown Development Authority DOWNTOWN DEVELOPMENT AUTHORITY TO: DDA Board o ire ors FROM: Chip Steiner DATE: September 6, 2002 RE: Chamber of Commerce The DDA has asked for an update to the redevelopment plans for the Chamber of Commerce. Included with this memorandum is a packet of information provided by the Chamber. The DDA's commitment, made February 7, 2002, is 10 percent of the project cost not to exceed what can be funded by tax increment generated by the completed renovation and only for improvements permitted by State statute governing DDAs. At the time of the commitment, this was estimated at $52,091. Cost of the improvements has been calculated at $561,500 which should generate an increment of $15,590. Assuming the County Assessor establishes this new value, the increment is capable of funding the Authority's commitment. In the packet provided to the Board, the Chamber estimates $155,432 in costs eligible for DDA funding. From this list, the costs for roofing and perhaps general conditions, should be deducted but these do not materially effect the total amount. The Chamber of Commerce has been a strong supporter of downtown redevelopment efforts and it has made a commitment to stay in the neighborhood for the long term. That commitment demonstrates the importance of downtown to this community. It is doubly important when compared to other communities where significant institutions have chosen, to the detriment of their downtowns (e.g. the Chamber in Loveland, the County administrative offices in Greeley, the County courts and administrative offices in Golden) to relocate to the edges of their respective cities. 19 Old Town. Square • Suite 230 • Fort Collins, Colorado 80524 • tel: 970.484.2020 fax: 970.484.2069 dduDOWNTOWN DEVELOPMENT ALITHORITY TO: DDA Board of Direct FROM: Chip Steiner DATE: September 6, 2002 RE: Christmas light funding The Downtown Business Association enters its third year of replacing Christmas lights in the central business district. Two years ago the DDA committed $55,000 toward this effort but could only appropriate funds for the first year. To date it has contributed $40,000. Next year's commitment is $15,000. David Short, DBA Executive Director, will give the board and update on the program. Funding is available in the capital outlay line item. 19 Old Town Square • Suite 230 • Fort Collins, Colorado 80524 • tel: 970.484.2020 • fax: 970.484.2069 DOWNTOWN DEVELOPMENT AUTHORITY TO: DDA Board of D - cters FROM: Chip Steiner DATE: September 6, 2002 RE: Fort Collins Museum Funding Request Attached is a comprehensive proposal from the Fort Collins museum asking for the DDA to contribute $25,000 toward the third phase of the Heritage Courtyard Revitalization and Entrance Re -Orientation Project. The City of Fort Collins and the Don and May Wilkins Trust are each contributing $25,000. Phase III of this project includes the restoration of the Franz -Smith cabin, the completion of the re -orientation of the museum entrance (increasing handicap accessibility), installation of interpretive signage and a new museum sign on Olive Street, installation of benches, new lampposts, walkway lighting, landscaping and additional security measures. Estimated cost of Phase III is $221,500. Cost of the entire project is $373,870 of which $263,748 has already been raised. The attached proposal includes a history of the project, complete documentation of all three phases, an accounting of other contributors, and a budget. Staff urges the DDA to participate in this project. Funds are available in capital outlay. 19 Old Town Square • Suite 230 • Fort Collins,. Colorado 80524 • tel: 970.484.2020 • fax., 970.484.2069 DOWNTOWN DEVELOPMENT dduAUTHORITY TO: DDA Board of ecto FROM: Chip Steiner DATE: September 2, 2002 RE: 2003 Administrative Budget Notes Line items in the administrative budget have been changed to reflect the categories used by the City. Since the DDA receives monthly updates, having the same categories will make tracking the budget easier. Some of the categories are irrelevant to our budget but are included to maintain across the board consistency. 1. Under Personal Services: Salaries. Gross salaries for 2002 were revised downward because of the four -month gap between Jay's departure as a salaried employee and my start as a salaried employee. Salaries for 2003 are calculated assuming five percent raises with Ann's increase running the full year and the executive director's beginning in August and running for five months. Decisions on raises are the Board's prerogative, so these figures are used for budgeting purposes only. All other. The rest of the figures in Personal Services were adjusted with the assistance of the City. Health and dental insurance actually dropped a little bit but life insurance and long-term disability went up by 50 percent. Since the DDA uses the ICMA retirement fund the number in the social security line item is for medicare, not retirement. 2. Under Contractual Services: Telephone —Telephone charges in 2002 have exceeded the budget by a considerable amount. There are two reasons for this: (1) the DDA changed phone service that involved some one-time charges and, (2) because the DDA is not networked to the City's computer system Anne was required to dial up through a regular 56k modem. Because access was so slow Anne was leaving the connection in place, not realizing the City assessed a 4-cent charge for every minute connected. She of course has stopped this practice but it doesn't resolve the difficulty in accessing information at the city. We are working with the city to obtain a wireless connection. The 2003 telephone budget is left at 2002 levels since we are anticipating fixing the problems that caused the 2002 increases. 19 Old Town Square • Suite 230 • Fort Collins, Colorado a0524. •. tel: 970.484.2020 fax: 970.484.2069 Postage, Employee Liability Insurance, Mileage. These remain at 2002 budget levels. Mileage was higher than normal because Jay had to make frequent trips to Denver regarding Senate Bill 32. Outside Reproduction. Don't know why we have spent so much in 2002. We have in- house copying capabilities that should minimize the need for outside reproduction and so the budgeted amount remains unchanged. If, in 2003, we still incur higher than anticipated costs in this line item, we will (1) figure out what is causing it, and (2) either increase the budgeted amount or reduce our use of outside reproduction services. Computer Charges. This item has been reduced. A new computer and printer were bought in 2002 but we are not anticipating buying any additional hardware. The budgeted figure anticipates breakdowns requiring technical support. Maintenance Contracts. This is a fixed cost for the lease of the office copying system (color and black and white). The DDA pays the lease. The DBA pays for all supplies. Enterprise Zone. This is a pass through. $24,000 in, $24,000 out. A corresponding revenue figure shows up in the revenue projection. Cable Repairs. City category. Not applicable to DDA. Janitorial Services. Included in office rent. Contractual Labor. None anticipated. Consulting Services. $250,000 has been budgeted for the Linden Street Plan. Project Management. The City had $240,000 funds budgeted in this category for the Empire/Armstrong Hotel. The funds are now unencumbered and they will show up in our reserves. Marketing. Standing arrangement with DBA to retain $2000 in marketing services. The DDA will consider renewal of this agreement in December, 2002. Office Rent. Progressive Old Town Square has agreed to renew the DBA lease (the DDA sublets from the DBA) at no change in rate. Dues and Subscriptions. Budget has been increased to allow the DDA to join the International Downtown Association. DDA is currently a member of the Colorado Community Revitalization Association, Colorado Historic Society, DBA, and the National Trust for Historic Preservation. Other Contractual. In the revised 2002 budget the cost of my consulting services has been added to this line item (moving funds from Capital Outlay which shows a corresponding reduction). $19,076 (which is simply what was left after all other expenses had been deducted from revenues) has been included in the 2003 budget more as a contingency (for such services as appraisals). POTS Plaza Improvements. This is an annual pass -through of $12,500. A corresponding figure is included in the revenue projections. Meals. 2002 expenditures in this category are well above budget. $200 has been added to the 2003 budget. 3. Under Commodities: Office Supplies. We are well over budget in this category. $300 has been added to the 2003 budget. Copier Supplies. DBA pays for these materials. Nothing has been budgeted for 2003. Coffee Supplies. Nobody drinks coffee around here. Budget is for our guests. Other Commodities (e.g. Board retreat, Christmas party). Don't know if this is categorized correctly. $2000 seems to cover these costs so the same figure is used for 2003. 5. Under Capital Outlay: DDA Funded Improvements. The budget projection is at $60,000. This is the anticipated carryover from 2002. It is important to understand that the Authority has bond proceeds available from the last two issues available for projects. A new issue is being assembled which should replenish this fund. Below is a chart representing bond funds available or necessary to meet existing and future project obligations. Under "Encumbered Bond Proceeds" the first two items are commitments the DDA has made to assist City projects. The third item, 334 East Mountain, is for Rhythms. This project appears to be stalled and the Authority may need to have the funds reappropriated. The $10,000 commitment to 251 Linden Street is the remainder of a $20,000 obligation. We are trying to determine the status of this project. The $240,000 under, "Unappropriated Bond Proceeds" was the Authority's commitment to the Armstrong/Empire Hotel. These funds have been unencumbered. To use them, they must be reappropriated by City Council. "Unfunded Projects" is a best estimate of pending and planned projects. Some of these are projects for which commitments have already been made. Others, including the Linden Street Plan, the Great Architects endowment, and residential are anticipated for funding in the next one to three years. Please note the $1,000,000 included for Administrative Capital Projects. The intent is to replenish the "DDA funded improvements" line item in the administrative budget with these monies. DDA Projects Funds (existing and proposed bond proceeds) Encumbered Bond Proceeds (as of January 1. 2003) Mason -LaPorte (four comers) 140,000.00 Walnut Street Sidewalk 45,000.00 334 East Mountain 40,000.00 251 Linden Street 10,000.00 235,000.00 Unappropriated Bond Proceeds (Funds originally pledged to the Armstrong Hotel) 240,000.00 Unfunded Protects Linden Street Plan 250,000.00 231 North College (Torgerson project) 60,000.00 Chamber of Commerce 52,000.00 Mason Street North 251,000.00 Old Town Play Area 12,000.00 Library 25,000.00 Linden/Jefferson Intersection 1,500,000.00 Mulberry/Lemay Crossing 376,000.00 Poudre River 400,000.00 Downtown Plan 275,000.00 Great Architects Endowment 1,000,000.00 Administrative Capital Projects fund 1,000,000.00 Residential Projects 5,000,000.00 10,191,000.00 Available project funding 235,000.00 Bond proceeds requiring reappropriation 240,000.00 Proceeds necessary from new bond issue 10,191,000.00 Other Capital Outlay. Nothing budgeted. 6. Under Other: City Loan: The loan is to be paid off through bond proceeds. Since the bonds have not been issued, funds to retire the debt cannot be included in the revenue projections. 0 i The payment, therefore, remains as a budgeted expense to the Administrative budget. Once the bonds are issued and the loan retired, the DDA can reallocate these monies to "DDA Funded Improvements." Larimer County Treasurer's Fee. It is somewhat unclear to me why this expense has been moved into the DDA's Administrative Budget. Nevertheless, it has. The fee is for the cost of collecting and distributing tax revenues. BID Contribution. If the board authorizes an increased mill levy this line item will be $62,331. Contingency. $5,000. Same as last year. The Administrative Mill Levy. The City and DDA have been working on a program to assume all the maintenance and capital improvement obligations for Old Town Square. As a part of this effort, the City is anticipating expanding its maintenance services throughout downtown. In addition, methods for improving safety, security, and the comfort level for downtown visitors are being explored. This includes, changing or adding new ordinances, licensing plaza space to retailers and increasing police services. To offset the costs of these programs and services consideration is being given to creating a Business Improvement District, striking an agreement with Progressive Old Town Square to contribute the funds has traditionally used to pay for maintenance of the plaza, and using the funds from a higher DDA administrative mill levy. Increasing the mill from its current 4.05 to the full 5 mills allowed by State statute would generate around $60,000. The decision to take this step lies first with the DDA Board. Stalls recommendation is to do it although this recommendation is made without knowledge of bond counsel's opinion regarding the need for the increase to be approved by district voters. Therefore, the Board is being asked to approve two alternative revenue budgets —one at the existing mill levy and one with the increased mill levy. The Board of Directors needs to take the following action: 1. Review, revise, approve, the administrative budget and recommend adoption by City Council; 2. Set the administrative mill levy and recommend adoption by City Council; 3. Recommend City Council appropriation of tax increment funds for debt service. • 0 Downtown Development Authority, FY 2003 Administrative Budget Category FY 2002 Revised '02 Difference FY 2003 Pemonnal Services Salaries 106,890.00 90,959.00 15,931.00 129,307.50 Employee Group Life 300.00 300.00 - 450.00 Unemployment Compensation 258.00 258.00 - 330.00 Employee Group Health 14,420.00 14,420.00 - 13,008.00 Social Security (FICA) 1,462.00 1,462.00 - 2,000.00 ICMA (retirement benefit) 8,573.00 7,153.00 1,420.00 10,534.00 Dental Insurance 892.00 892.00 - 768.00 Long-term Disability 751.00 751.00 1,126.50 Workers Compensation 400.00 400.00 - 660.00 Subtotal 133,946.00 116,596.00 17,351.00 158,184.00 Contractual Services Telephone 2,800.00 4,184.00 (1,384.00) 2,800.00 Postage 200.00 200.00 200.00 Employee Liability Insurance 1,725.00 1,725.00 1,725.00 Mileage 250.00 900.00 (650.00) 250.00 Outside Reproduction 200.00 662.00 (462.00) 600.00 Computer Charges 1,500.00 2,795.00 (1,295.00) 1,000.00 Maintenance Contracts (copier lease) 6,014.00 7,236.00 (1,222.00) 7,236.00 Enterprise Zone (pass through) 24,000.00 Cable Repairs Conference (Travel/training) 1,500.00 1,500.00 2,000.00 Legal Services 14,058.00 14,058.00 - 16,000.00 Janitorial Services Contractual Labor Consulting Services - Project Management Marketing (DBA) 2,000.00 2,000.00 - 2,000.00 Office Rent 6,240.00 6,240.00 - 6,240.00 Dues and Subscriptions 350.00 350.00 - 500.00 Other Contractual(i) - 26,443.00 (26,443.00) 19,076.00 POTS Plaza Improvements 12,500.00 Meals 400.00 1,000.00 (600.00) 600.00 Bond Issuance Costs 0 0 0 0 Subtotal 37,237.00 69,293.00 (32,056.00) 88,491.00 Commodttles Office Supplies 250.00 400.00 (150.00) 550.00 Copier Supplies 300.00 - 300.00 - Coffee Supplies 100.00 100.00 - 100.00 Other Commodities (e.g board retreat) 2,000.00 2,000.00 2,000.00 Subtotal 2,650.00 2,500.00 150.00 2,650.00 caultal Outlay DDA Funded Improvements 132,500.00 117,945.00 14,555.00 60,000.00 Other Capital Outlay Subtotal 132,500.00 117,946.00 14,555.00 60,000.00 Other City Loan (Linden Hotel) 32,908.00 32,908.00 - 33,938.00 Larimer County Treasurer's Fee 5,200.00 BID contribution 60,000 Contingency 5,000.00 5,000.00 - 5,000.00 Subtotal 37,908.00 37,908.00 - 44,138.00 TOTAL 344,241.00 344,241.00 - 353,463.00 413,463.00 E 0 of 8 I'- I'- o O N �-OO Ctw v U-1 N M I V N N b f9 V ooca000lo Oo qqo f, cd0000ai ti WOV OOgv Ln Un 'r A C41 m N cn m C N o c O. > y� C +m C coawE m o m W �a a CO 2 (L y 00 0a- a RESOLUTION 02-03 OF THE BOARD OF DIRECTORS OF THE FORT COLLINS DOWNTOWN DEVELOPMENT AUTHORITY RECOMMENDING TO THE FORT COLLINS CITY COUNCIL THE DETERNHNING AND FIXING OF THE MILL LEVY OF THE DOWNTOWN DEVELOPMENT AUTHORITY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2003 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, the Board of Directors of the Downtown Development Authority finds that a mill levy of 4.05 mills to be sufficient to meet the operational and administrative needs of the Authority for fiscal year 2003. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF FORT COLLINS, to recommend to the Council of the City of Fort Collins the mill levy rate for taxation upon all the taxable property within the Downtown Development Authority District for the fiscal year ending December 31, 2003 be set at 4.05 mills which is sufficient to raise ad valorem revenues for the 2003 Operations and Maintenance Budget as approved by the Downtown Development Authority which levy represents the amount of taxes for the Downtown Development Authority (however, said mill levy is subject to change based on the assessor's calculations which have not been published at this time). Said mill levy shall be distributed to general expense, which levy as so distributed shall be certified by the County Assessor and the Board of the County Commissioners of Larimer County, Colorado by the City Clerk as provided by law. Passed and adopted at a regular meeting of the Board of Directors of the Fort Collins Downtown Development Authority this 6th day of September, 2002. Larry Stroud, Chairman ATTEST: Jason Meadors, Secretary RESOLUTION 02-03 OF THE BOARD OF DIRECTORS OF THE FORT COLLINS DOWNTOWN DEVELOPMENT AUTHORITY RECOMMENDING TO THE FORT COLLINS CITY COUNCIL THE DETERMINING AND FIXING OF THE MILL LEVY OF THE DOWNTOWN DEVELOPMENT AUTHORITY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2003 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, the Board of Directors of the Downtown Development Authority finds that a mill levy of 4.05 mills to be sufficient to meet the operational and administrative needs of the Authority for fiscal year 2003. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF FORT COLLINS, to recommend to the Council of the City of Fort Collins the mill levy rate for taxation upon all the taxable property within the Downtown Development Authority District for the fiscal year ending December 31, 2003 be set at 5 mills which is sufficient to raise ad valorem revenues for the 2003 Operations and Maintenance Budget as approved by the Downtown Development Authority which levy represents the amount of taxes for the Downtown Development Authority (however, said mill levy is subject to change based on the assessor's calculations which have not been published at this time). Said mill levy shall be distributed to general expense, which levy as so distributed shall be certified by the County Assessor and the Board of the County Commissioners of Larimer County, Colorado by the City Clerk as provided by law. Passed and adopted at a regular meeting of the Board of Directors of the Fort Collins Downtown Development Authority this 6th day of September, 2002. Larry Stroud, Chairman ATTEST: Jason Meadors, Secretary E RESOLUTION 02-04 OF THE BOARD OF DIRECTORS OF THE FORT COLLINS DOWNTOWN DEVELOPMENT AUTHORITY APPROVING AND RECOMMENDING TO THE FORT COLLINS CITY COUNCIL THE BUDGET OF THE ESTIMATED AMOUNTS REQUIRED TO PAY THE EXPENSES OF CONDUCTING THE BUSINESS OF THE DOWNTOWN DEVELOPMENT AUTHORITY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2003 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, the Board of Directors of the Downtown Development Authority shall under Colorado Revised Statutes, 31-25-816, 1973 adopt a budget of the estimated revenues and expenditures to be received and incurred during fiscal year ending December 31, 2003. NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE DOWNTOWN DEVELOPMENT AUTHORITY that the following budget is adopted for the fiscal year ending December 31, 2003 and therefore recommends to the Council of the City of Fort Collins the adoption of this budget. Revenues Ad Valorem Taxes $265,726 Auto Specific Ownership Tax 31,827 Interest Earnings 15,000 Licenses and Permits 4,410 Contributions 24,000 POTS plaza improvements 12,500 TOTAL $353,463 Expenses: Personal Services $158,184 Contractual Services 88,491 Commodities 2,650 Capital Outlay 60,000 Other 44,138 TOTAL $353,463 Passed and adopted at a regular meeting of the Board of Directors of the Fort Collins Downtown Development Authority this 6th day of September, 2002. Larry Stroud, Chairman ATTEST: Jason Meadors, Secretary 0 • RESOLUTION 02-04 OF THE BOARD OF DIRECTORS OF THE FORT COLLINS DOWNTOWN DEVELOPMENT AUTHORITY APPROVING AND RECOMMENDING TO THE FORT COLLINS CITY COUNCIL THE BUDGET OF THE ESTIMATED AMOUNTS REQUIRED TO PAY THE EXPENSES OF CONDUCTING THE BUSINESS OF THE DOWNTOWN DEVELOPMENT AUTHORITY FOR THE FISCAL YEAR ENDING DECEMBER 31, 2003 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, the Board of Directors of the Downtown Development Authority shall under Colorado Revised Statutes, 31-25-816, 1973 adopt a budget of the estimated revenues and expenditures to be received and incurred during fiscal year ending December 31, 2003. NOW, THEREFORE BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE DOWNTOWN DEVELOPMENT AUTHORITY that the following budget is adopted for the fiscal year ending December 31, 2003 and therefore recommends to the Council of the City of Fort Collins the adoption of this budget. Revenues Ad Valorem Taxes $328,057 Auto Specific Ownership Tax 31,827 Interest Earnings 15,000 Licenses and Permits 4,410 Contributions 24,000 POTS plaza improvements 12,500 TOTAL $415,794 Expenses Personal Services $158,184 Contractual Services 88,491 Commodities 2,650 Capital Outlay 60,000 BID Contribution 62,331 Other 44,138 TOTAL $415,794 Passed and adopted at a regular meeting of the Board of Directors of the Fort Collins Downtown Development Authority this 6th day of September, 2002. Larry Stroud, Chairman ATTEST: Jason Meadors, Secretary 0 RESOLUTION 02-05 OF THE BOARD OF DIRECTORS OF THE FORT COLLINS DOWNTOWN DEVELOPMENT AUTHORITY RECOMMENDING TO THE FORT COLLINS CITY COUNCIL THE APPROPRIATION OF TWO MILLION, FOUR HUNDRED SIXTY FOUR THOUSAND, SEVEN HUNDRED AND SEVEN ($2,464,707) DOLLARS IN THE DOWNTOWN DEVELOPMENT AUTHORITY FUND TO THE CITY OF FORT COLLINS SALES AND USE TAX FUND FOR PAYMENT OF DEBT SERVICE FOR THE FISCAL YEAR ENDING DECEMBER 31, 2003 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, pursuant to Ordinance No. 15, 1983, the Council of the City of Fort Collins established a special fund consisting of separate accounts for: (1) operation and maintenance expenses of the Fort Collins Downtown Development Authority; (2) tax increment funds received by the Fort Collins downtown Development Authority; and (3) project funds consisting of proceeds of bonds, loans, and other forms of indebtedness; and, WHEREAS, Section 2 of Ordinance No. 95, 1987 provides that tax increment monies will be pledged to the payment of interest on the Bonds; and, WHEREAS, interest on the bonds is due and payable. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE FORT COLLINS DOWNTOWN DEVELOPMENT AUTHORITY that it recommends to the Council of the City of Fort Collins the appropriation for expenditure in 2003 from the tax increment fund, the sum of TWO MILLION, FOUR HUNDRED SIXTY FOUR THOUSAND, SEVEN HUNDRED AND SEVEN ($2,464,707) DOLLARS for payment of debt service for 2003 on outstanding Tax Increment bonds authorized by City Council. Passed and adopted at a regular meeting of the Board of Directors of the Fort Collins Downtown Development Authority this 6 h day of September, 2002. Larry Stroud, Chairman ATTEST: Jason Meadors, Secretary Bars. The "Downtown Bar and Restaurant Association" (not a formally organized entity yet) has adopted a mission statement that reads something like this: The mission of the Downtown Bar and Restaurant Association is to foster an environment of cooperation and fellowship with all our neighbors in downtown Fort Collins, to promote the responsible consumption and sale of alcohol through education, awareness, and good policy to our members and non member neighbors. To promote the safe and responsible consumption of alcohol to our customers. To promote safe modes of transportation to and from Downtown Fort Collins. Seven bars are currently participating in this group. The City has agreed to extend Transfort hours Thursday, Friday, and Saturday to cover closing times. The bars themselves will hang posters and use coasters that promote Transfort services. 0 DOWNTOWN DEVELOPMENT ddoAUTHORITY TO: DDA Board of D' ors FROM: Chip Steiner DATE: September 6, 2002 RE: Updates Downtown Strategic Plan (the information below is drawn from the minutes of the last meeting). An open house/public meeting will be held The market profile is 2/3rd complete. Phone survey findings will be released next week. "This is leading to a synthesis of the vision for downtown" according to the consulting team. Preliminary parking analysis indicates only 85 percent occupancy during peak hours. Study did not include area north of Jefferson but will be added in. There are not adequate truck freight loading zones. With regard to land use, building heights remain an issue. Empire Hotel, Last deal fell through. Another buyer is doing his due -diligence. Proposal is for modest residential on the upper floors and retail on the main floor. BID. As discussed in the budget item, the City and DDA are working through the details to fund a higher level of maintenance in and increase security for the downtown. A large part of this entails the creation of a Business Improvement District. The district can be created with certain defined majorities signing a petition so requesting. However, it can only be funded through a vote of the district. The next opportunity for such a vote is April, 2003. Even with BID funding, a contribution from Progressive Old Town Square and an increased DDA mill levy, money is available only for maintenance. Additional security must be funded by some other method. City and DDA lawyers are examining ways to give police more power to control unruly people and crowds. This includes licensing the space in front of retail shops to the retailers. 19 Old Town Square • Suite 230 • Fort Collins, Colorado 80524 • tel: 970.484.2020 • far: 970.484.2069