Loading...
HomeMy WebLinkAboutDowntown Development Authority - Minutes - 11/12/2020Page 1 of 3 DOWNTOWN DEVELOPMENT AUTHORITY Regular Directors' Meeting MINUTES of November 12, 2020 The Board of Directors of the Downtown Development Authority met in an Online Session at 7:30 a.m. on Thursday, November 12, 2020 PRESENT Chris Aronson; Jenny Bramhall; Susan Gutowsky; Dwight Hall; Rebecca Hill; John Kefalas; Angel Kwiatkowski; Bevin Parker; Jenny Schultz; Mark Williams; Cheryl Zimlich ABSENT STAFF Matt Robenalt, Executive Director; Hannah Baltz-Smith, Business Support Coordinator; Todd Dangerfield, Project Manager; Tom Dent, Technology & Maintenance Manager; Janna Dickerson, Marketing and Communications Coordinator; Derek Getto, Project Manager for Policy & Programs; Kristy Klenk, Financial Coordinator; Josh Liley, Legal Counsel; Vanessa Kroeger, Program Administrative Supervisor; Bonnie Ward, Administrative Manager GUESTS Darin Atteberry, City Manager; Keith Meyer, Ditesco; Jennifer Poznanovic CALL TO ORDER Jenny Schultz called the meeting to order at 7:30 a.m. APPROVAL OF MINUTES Chris Aronson moved to approve the minutes of September 10, 2020; seconded by Angel Kwaitkowski, the minutes were approved unanimously. ALL IDEAS: BIG AND SMALL N/A UPDATES Board members did not have any questions regarding the monthly Updates. SALES TAX REPORT UPDATE: SEPTEMBER & OCTOBER Jennifer Poznanovic presented the sales tax report for September and October 2020 reflecting August and September sales. Ms. Poznanovic reported that restaurants were down in the DDA College Corridor compared to the Downtown corridor. With the growth of Sales Tax beginning in August, the Board Susan Gutowsky, Council Liaison 970-416-2447 John Kefalas, County Commission Liaison 970-498-7001 Jenny Schultz, Board Chair 970-660-9028 Page 2 of 3 provided possibilities and trends they have been seeing in businesses that could add to the increase in sales tax such as buying early for the holidays, the public investing in different or more hobbies than usual, and most likely providing support for local businesses. The DDA College Corridor is down 21% year-to-date with total sales tax down 10%. ENHANCED ALLEYWAYS GENERAL CONTRACTOR CM/GC MASTER SERVICES AGREEMENT After a brief overview on the background of the 2020-2021 Alley Enhancement Project, Todd Dangerfield presented the Request For Proposal (RFP) process: Advertising for CM/GC teams, a pre-bid meeting to outline project scope and respond to contractors’ questions, as well as the interview process to select J-2 Contracting Company as the firm to construct the project. Mr. Dangerfield provided an update on the recently distributed supplemental memorandum that includes a staff recommendation for services agreement award to the selected team and proposed structure for the services agreement. Moved by Cheryl Zimlich, seconded by Bevin Parker: To approve the Master Services Agreement/Work Order Type and authorize the Executive Director and legal counsel to make any changes to the agreement provided such changes do not substantially alter the DDA’s right or obligations thereunder, and further authorize the Board Chair to execute the Master Services Agreement. Also, to approve up to $60,000 for construction manager/general contractor preconstruction consultant services, as previously budgeted, for the 2020-2021 Alley Enhancement Project Phase 1. EXECUTIVE SESSION: ANNUAL PERFORMANCE REVIEW OF EXECUTIVE DIRECTOR Moved by Cheryl Zimlich, seconded by Susan Gutowsky: To enter executive session to discuss matters relative to the Executive Director’s annual review pursuant to CRS§24-6-402(4)(f)(1); the motion carried. AGREEMENTS REGARDING THE DOWNTOWN GIFT CARD PROGRAM When the DDA and Downtown Business Association’s boards of directors entered into an Agreement Regarding the Sale of Certain Assets in August, the Downtown Fort Collins gift card program was among the assets acquired by the DDA. The transfer of this asset was also contingent upon approval by the gift card processor, EML Payments USA, LLC (“EML”) approving the DDA as their customer. After detailed review of the transfer possibilities, old agreements, etc. from both staff and legal counsel, both parties agreed to start a new contract containing two final agreements: Card Program Agreement, and Mutual Nondisclosure Agreement. Moved by Mark Williams, seconded by Cheryl Zimlich: To approve the Card Program Agreement and Mutual Nondisclosure Agreement, and requests the Board to authorize the Chairperson to enter into the agreements with EML Payments USA, LLC. Page 3 of 3 RESOLUTION 2020-10 DETERMINING FAIR VALUE, WITHIN THE MEANING OF C.R.S. 21-25-808(2), FOR THE CONVEYANCE AND LEASE OF DDA PROPERTY IN CONNECTION WITH THE 140 EAST OAK STREET AFFORDABLE HOUSING PROJECT Matt Robenalt announced that on Tuesday, November 10th the Colorado Housing Finance Authority (CHFA) awarded the DDA the Low-Income Housing Tax Credit Award for the 140 Oak project. This was the final process before entering into final development of construction documents for the project and construction will start next year with ground break occurring in Spring 2021. Mr. Robenalt thanked the Board for their continued support on this project. Mr. Robenalt gave an overview of the DDA Act requiring the Board of Directors and Governing Body to decide the fair value of a lease or sale transaction. He presented the details of the transaction for 140 East Oak project and the steps for fair value determination. Upon the Board’s approval of Resolution 2020-10, staff and legal council will coordinate final steps with City staff in the Sustainability Department and City Attorney’s Office to advance the determination value to City Council expecting to occur in November or early December. Moved by John Kefalas, seconded by Mark Williams: To approval of Resolution 2020-10 Determining Fair Value, Within the Meaning of C.R.S. 21-25-808(2), for the Conveyance and Lease of DDA Property in Connection with the 140 East Oak Street Affordable Housing Project, and request that the City Council adopt the identical findings of fair value. OTHER BUSINESS ADJOURN There being no further business the meeting adjourned at 9:16 a.m.