HomeMy WebLinkAboutDowntown Development Authority - Minutes - 09/04/2003DOWNTOWN DEVELOPMENT AUfHORrTY
REGULAR DIRECTORS' MEETING
Kim 1PORRAN, CHAIR 221-0524 (WI
BILL I$ERT$rHY, CQLINCIL WAISQN 484-8838 (M
ANNE GARRISON, STAFF LIA1sON484.2020 (V/)
MINUTES OF SEPTEMBER 4, 2003
REGULAR MEETING
THE BOARD OF DIRECTORS OF THE DOWNTOWN DEVELOPMENT AUTHORITY MET IN REGULAR SESSION
AT 7:30 A.M. ON SEPTEMBER 4, 2003 IN THE MEETING ROOM AT HOME STATE BANK LOCATED AT
303 EAST MOUNTAIN AVENUE, FORT COLONS, CO 80524.
PRESENT THERE WERE PRESENT:
STEVE TAYLOR, VICE CHAIR
JASON MEADORS, SECRETARY/TREASURER
GREG BELCHER
BILL SEARS
LARRY STROUD
ABSENT:
Kim JORDAN, CHAIR
BILL BERTSCHY
MARY BRAYTON
CAREY HEWITT
STAFF:
ROBERT STEINER, EXECUTIVE DIRECTOR
ANNE GARRISON
LUCIA OLEY. COUNSEL
GUESTS:
JOHN FISCHBACH, ALAN KRCMARIK, MYRNE WATROUS, RANDY HENSLEY
RON PHILLIPS, KELLY OLSON
CALL TO ORDER MR. TAYLOR CALLED THE MEETING TO ORDER AT 7:35 A.M. AND ROLL CALL WAS TAKEN,
APPROVAL OF MINUTES MR. BELCHER MOVED TO APPROVE THE MINUTES OF AUGUST 7, 2003 THIS WAS SECONDED BY
MR. MEADORS AND CARRIED UNANIMOUSLY.
PUBLIC COMMENT MR, OLSON REQUESTED A FEW MOMENTS TO ADDRESS THE BOARD CONCERNING THE PERFORMING
ARTS CENTER, AND WAS INVITED TO THE TABLE PRIOR THE FIRST AGENDA ITEM.
INTRODUCING HIMSELF, MR. OLSON SPOKE OF H15 VESTED INTEREST IN AND COMMITMENT TO
DOWNTOWN. HIS CONCERNS FOCUSED ON FUNDING THE PERFORMING ARTS CENTER, AND WHILE
NOT OPPOSED TO THE CONSTRUCTION OF THE FACILITY, MR, OLSON EXPRESSED HIS RESERVATION
REGARDING THE EXPENDITURE OF PUBLIC FUNDS.
'PUBLIC MONEY SHOULD NOT BE SPENT PREPARING A PROJECT FOR THE BALLOT,' STATED MR.
OLSON WHO ALSO SHARED HIS OPPOSITION TO SELLING NAMING RIGHTS, PARTICULARLY SINCE THAT
RIGHT IS OFTEN PURCHASED FOR RELATIVELY LITTLE MONEY. 'PUBLIC FUNDS, ENHANCED BY
PRIVATE DONATIONS, ARE THE WAY TO 00 WITH SUCH A VENTURE,' HE CONCLUDED.
DDA MINUTES
PAGE 2
ANOTHER CONCERN WAS THE FUNDING OF FIRST NATIONAL BANKS PROJECT. WHILE MR. OLSON IS
NOT OPPOSED TO THIS DOWNTOWN LEADER RECEIVING HELP WITH ITS RENOVATION, HE COULD NOT
FIND A TALLY OF WHERE AND HOW MUCH WAS BEING SPENT. HE ASKED IF STAFF CLOSELY
MONITORS THIS, AND IF DDA HAS RECEIPTS FOR THE WORK DONE. STAFF AFFIRMED THAT FUNDS
WERE NOT DISBURSED UNTIL WORK WAS COMPLETED AND HAD BEEN CERTIFIED BY THE
CONSTRUCTION COMPANY, ARCHITECT OR OTHER DESIGNATE. A COMPLETE BREAKDOWN IN
ESTIMATED COSTS 15 PROVIDED WHEN THE PROJECT FIRST COMES BEFORE THE BOARD. A MORE
DETAILED BREAKDOWN IS ALSO COMPILED TO SHOW OVERALL COSTS, AND THOSE IN WHICH DDA CAN
LEGALLY PARTICIPATE.
MR. STROUD OFFERED MR. OLSON CLARIFICATION REGARDING THE PERFORMING ARTS CENTER
CONCEPT. WHILE THE STRUCTURE WOULD CERTAINLY HOUSE A PERFORMING ARTS CENTER, THAT IS
NOT THE MAIN THRUST, WHAT IS PLANNED IS A COMMUNITY CENTER, A GATHERING PLACE, WHICH
CROSSES GEOGRAPHIC AND SOCIO-ECONOMIC LINES TO BRING PEOPLE TOGETHER FOR MANY
DIFFERENT EVENTS. INCLUDING THE PERFORMING ARTS.
MR. STEINER CONCLUDED THAT A COMMITTEE HAS BEEN FORMED TO SPEARHEAD THE PROPOSAL,
AND HE PROVIDED ASSURANCE THAT MR. OLSOKS CONCERNS WOULD BE CONVEYED TO THE
COMMITTEE.
REVISED PAY-OFF FOR MR. STEINER EXPLAINED THAT WHEN THE MULBERRY(L.EMAY PROJECT WAS ANNEXED, FUNDS
DDA PUBLIC WORKS WERE SET ASIDE FOR SOME PUBLIC WORKS PROJECTS. TAX INCREMENT REVENUES HAVE INCREASED
SUBSTANTIALLY SO THAT DOA CAN PREPAY THESE COMMITMENTS, THUS THE CITY RECENTLY ISSUED
SOME BONDS ON BEHALF OF DDA SO THAT EARLY PAYMENT COULD BE MADE.
RESOLUTION #2003-05 IS PRESENTED TO THE BOARD FOR AUTHORIZATION OF THIS PRE-
PAYMENT. THE AMOUNT OF THE OBLIGATION IS $489,500, MR. MEADOR$ MOVED TO ADOPT
RESOLUTION #2003-05. THIS WAS SECONDED BY MR. BELCHER AND CARRIED UNANIMOUSLY.
PARKING PROGRAM RANDY HENSLEY PRESENTED THIS TOPIC TO THE BOARD, PROVIDING INFORMATIONAL
FUNDING HAND-OUTS TO EXPLAIN SOME OF THE RECOMMENDATIONS RESULTING FROM THE DOWNTOWN
STRATEGIC PLAN.
MR. HENSLEY REQUESTED DDA'S FINANCIAL SUPPORT TO IMPLEMENT SOME OF THE KEY
RECOMMENDATIONS, WHICH ARE ENHANCED ENFORCEMENT, CODE CHANGES AND TECHNOLOGICAL
ENHANCEMENTS, IN ADDITION, THE PLAN OFFERS MORE OPTIONS FOR LONG TERM PARKERS,
NEIGHBORHOOD PERMIT PROGRAMS, EDUCATION AND MARKETING COMMITMENTS, ESCALATING FINE
STRUCTURES, AND UPDATED EQUIPMENT WHICH WOULD DISPENSE WITH CHALKING TIRES, AND
PROVIDE IMMEDIATE INFORMATION ON REPEAT OFFENDERS THROUGH THE LICENSE PLATE
RECOGNITION SYSTEM. MR. HENSLEY NOTED THAT THERE IS A DEFINITE LINK BETWEEN PARKING
TURNOVER AND ECONOMIC VIABILITY.
MR. STROUD ASKED HOW MANY COMMUNITIES ALREADY HAVE THIS SYSTEM AND IF THEY HAVE
PROVEN SUCCESSFUL. IT APPEARS TO BE WELL RECEIVED IN SALT LAKE CITY, VANCOUVER,
BRITISH COLUMBIA, MONTEREY, AND SEVERAL OTHER CITIES WHICH LIKE AND USE THE PROGRAM.
THE BOARD POSED SOME SCENARIOS WHICH MR. HENSLEY ACKNOWLEDGED COULD ENGENDER
PROBLEMS, AND HE WILL RESEARCH THEM FURTHER, THE BOARD ALSO FELT UNCOMFORTABLE
WITH THE FIFTH LEVEL OF FINES SUGGESTED IN THE HAND-OUT, AND MR. HENSLEY AGREED TO HOLD
THEM IN ABEYANCE, AT THIS TIME.
MR. STROUD MOVED THAT DDA PARTICIPATE IN THE FUNDING OF THESE RECOMMENDATIONS IN THE
AMOUNT OF UP TO BOND OF THE COST, NOT TO EXCEED $ 1 25,000, THIS WAS SECONDED BY MR.
SEARS, AND THE MOTION CARRIED WITH MR, MEADORS ABSTAINING.
CCRA CONFERENCE MR. STEINER SHARED THAT FORT COLLINS HAS BEEN ASKED IF R IS INTERESTED IN HOSTING THE
2004 CCRA CONFERENCE. IF SO, IT IS NECESSARY TO SECURE A HOST HOTEL, PROVIDE A
MEETING PLACE, POSSIBLY THE LINCOLN CENTER, SECURE $3,500 IN GENERAL SPONSORS, A
SPONSOR FOR THE OPENING RECEPTION, AND ACTIVELY MARKET THE CONFERENCE.
MR. STEINER ASKED THE BOARD IF IT FELT IT WAS BENEFICIAL TO HOLD THIS CONFERENCE IN FORT
COLLINS, AND THE BOARD INDICATED R WAS IN FAVOR OF DOING 50.
OTHER BUSINESS DICK DUNN CALLED TO ASK IF DDA WISHES TO BE REPRESENTED ON THE TRUCK BYPASS
COMMITTEE. MR. SEARS VOLUNTEERED TO ATTEND THE MEETINGS AND REPORT BACK TO THE
BOARD.
HAND OUTS WERE PROVIDED BY MR, STEINER REGARDING TAX INCREMENT FINANCING, A BUDGET
BREAKDOWN AND HE NOTED THAT GENERAL INFORMATION 15 ALSO CONTAINED IN THE PACKET.
DDA MINUTES
PAGE 3
THE BOARD AND MR. FISCHBACH RESPONDED POSITIVELY TO THE TIME SET ASIDE FOR THE DDA
ANNUAL RETREAT ON NOVEMBER 6, 2003. THIS WILL BE HELD, IN CONJUNCTION WITH THE
REGULAR BOARD MEETING, IN THE LOWER LEVEL OF THE EDWARDS HOUSE, FROM I 1 :00 A.M. TO
5:00 P.M.
ADJOURN THERE BEING NO FURTHER BUSINESS, THE MEETING ADJOURNED AT 8:55 A.M.
JASON MEADORS, SECRETARY
DOWNTOWN
DEVELOPMENT
ddoAUTHORITY
TO: DDA Board of Directors
FROM: Chip Steiner
DATE: September 29, 2003
RE: 2004 Budget Items
Attached are three resolutions. The first recommends approval to City Council of the
DDA's 2004 operating budget. The second recommends approval of the 2004 operating
mill levy. Last year we raised the levy to five mills in anticipation of using the extra
income for a business improvement district. This program did not materialize (although
it may yet still) but the idea was to return the levy to the same level it had been in
previous years if a BID was not established. The levy recommendation does that. The
final resolution recommends approval of tax increment debt service appropriations.
Notes on the administrative budget follow. There is only one significant change: funds
have been added to marketing to pay help pay for a wi-fr network and to fund a link from
our web page to the Pixearth site which, when developed, provide virtual tours of
downtown in general and specific properties that are for sale or lease. The Executive
Committee authorized added funds for these two program to the budget but specifically
required that full proposals for each be brought to the Board prior to approving the
expenditures for them.
1. Under Personal Services:
Salaries. Salaries for 2004 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. Adjusted upward by five percent except for health insurance, which is
adjusted upward by 10 percent. These figures will be firmed up with the City over the
next month. 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 —Increase of 20 percent to cover phone service in the Plaza Information
Center.
Postage, Employee Liability Insurance, Mileage. These remain at 2003 budget levels
except for mileage which has been reduced to zero.
19 Old Town Square • Suite 230 • Fort Collins, Colorado 80524 • tel: 970.484.2020 • fax: 970.484.2069
Outside Reproduction. No change.
Computer Charges. No change.
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 and Consulting Services. No funds have been budgeted in either
of these categories. However, the Capital Outlay line item includes the $150,000 the
Board approved to work on the Performing Arts Center/Civic Center.
Project Management. No change.
Marketing. Standing arrangement with DBA to retain $2000 in marketing services. The
DDA will consider renewal of this agreement in December, 2003. Added to this category
are funds for a wi-fi network and linkage to a downtown virtual tour to be developed by
Pixearth.
Office Rent. No change in rate for the office space. However, the Authority will incur
additional rent for the Information Center/public restrooms. Total, including estimated
utilities, insurance, and common area maintenance, for the Information Center is $10,947.
This will be offset by $3,650 in rent from the DBA and the CVB
Dues and Subscriptions. No change.
Other Contractual. No change.
POTS Plaza Improvements. This is an annual pass -through of $12,500. A
corresponding figure is included in the revenue projections.
Meals. No change.
3. Under Commodities:
Office Supplies. No change.
Copier Supplies. DBA pays for these materials.
Coffee Supplies. No change.
Other Commodities (e.g. Board retreat, Christmas party). No change.
4. Under Capital Outlay:
DDA Funded Improvements. This category includes every dollar currently available to
the Authority through carry forwards and bond proceeds. It is from this source that we
will pay for existing obligations. There is about $150,000 available for miscellaneous
projects.
Other Capital Outlay. Nothing budgeted.
5. Under Other:
City Loan: The loan is retired.
Larimer County Treasurer's Fee. The fee is for the cost of collecting and distributing
tax revenues and has increased slightly from 2003.
BID Contribution. No BID. No contribution. The Revenue page of the budget shows
the mill levy reduced back to 4.05.
Contingency. $5,000. Same as last year.
The Administrative Mill Levy.
The Board of Directors approved increasing the administrative levy to five mills at its
special meeting, September 18, 2002. The intent was to help fund a business
improvement district. The District didn't materialize. The levy has been reduced to its
2002 level of 4.05.
Downtown Development Authority, FY 2004 Administrative Budget DRAFT
Cateaory
FY 2003
FY 2004
Personnel Services
Salaries
129,307.50
135,772.00
Employee Group Life
450.00
450.00
Unemployment Compensation
330.00
350.00
Employee Group Health
13,008.00
15,000.00
Social Security (FICA)
2,000.00
2,105.00
ICMA (retirement benefit)
10,534.00
11,061.00
Dental Insurance
768.00
800.00
Long-term Disability
1,126.50
1,182.00
Workers Compensation
660.00
700.00
Subtotal
158,184.00
167,420.00
Contractual Services
Telephone
2,800.00
3,000.00
Postage
200.00
200.00
Employee Liability Insurance
1,725.00
1,725.00
Mileage
250.00
-
Outside Reproduction
600.00
600.00
Computer Charges
1,000.00
1,000.00
Maintenance Contracts (copier lease)
7,236.00
7,236.00
Enterprise Zone (pass through)
24,000.00
24,000.00
Cable Repairs
Conference (Travel1training)
2,000.00
2,000.00
Legal Services
15,000.00
16,000.00
Janitorial Services
Contractual Labor
Consulting Services
-
0.00
Project Management
0.00
Marketing (DBA, W-f, pixeanh)
2,000.00
15,000.00
Rent: Office and Info center
6,240.00
13,440.00
Dues and Subscriptions
500.00
500.00
Other Contractual
-
POTS Plaza Improvements
12,500.00
12,500.00
Meals
600.00
600.00
Bond Issuance Costs
0
0.00
Subtotal
76,651.00
97,801.00
Commodities
Office Supplies
550.00
550.00
Copier Supplies
-
Coffee Supplies
100.00
100.00
Other Commodities (e.g board retreat)
2,000.00
2,000.00
Subtotal
2,650.00
2,650.00
Caoital Outla
DDA Funded Improvements
300,000.00
2,024,788.00
Other Capital Outlay
Subtotal
300,000.00
2,024,788.00
Other
City Loan (Linden Hotel)
33,938.00
Ladmer County Treasurer's Fee
5,200.00
5,200.00
BID contribution
60,000.00
0.00
Contingency
19,171.00
5,000.00
Subtotal
118,309.00
10,500.00
TOTAL 655,794.00 2,303,159.00
Revenues
Property tax
Auto Specific Ownership Tax
Interest Earnings
Undesignated Reserves
Licenses and Permits
Contributions (Enterprise Zone)
POTS Plaza Improvements
Bond Proceeds
5 mills 4.05 mills
328,057.00
272,287.00
31,827.00
32,782.00
15,000.00
3,591.00
240, 000.00
107, 900.00
4,410.00
0.00
24,000.00
24,000.00
12, 500.00
12, 599.00
1,850,000.00
655,794.00
2,303,159.00
RESOLUTION 2003-06
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, 2004
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, 2004.
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
$272,287
Auto Specific Ownership Tax
32,782
Interest Earnings
3,591
Licenses and Permits
0
Undesignated Reserves
107,900
Contributions
24,000
POTS plaza improvements
12,500
Bond Proceeds
1,850.000
TOTAL
$2,303,159
Expenses
Personal Services
$167,420
Contractual Services
97,801
Commodities
2,650
Capital Outlay
2,024,788
BID Contribution
0
Other
10,500
TOTAL
$2,303,159
Passed and adopted at a regular meeting of the Board of Directors of the Fort Collins
Downtown Development Authority this 2nd day of October, 2003.
Kim Jordan, Chair
ATTEST:
Jason Meadors, Secretary
RESOLUTION 2003-07
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, 2004
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 5 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, 2004 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 2nd day of October, 2003.
Kim Jordan, Chair
ATTEST:
Jason Meadors, Secretary
RESOLUTION 03-08
OF THE BOARD OF DIRECTORS
OF THE FORT COLLINS DOWNTOWN DEVELOPMENT AUTHORITY
RECOMMENDING TO THE FORT COLLINS CITY COUNCIL
THE APPROPRIATION OF TWO MILLION, SIX HUNDRED NINETY EIGHT
THOUSAND, THREE HUNDRED AND SEVENTY FOUR ($2,698,374) 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, 2004
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 2004 from the tax increment
fund, the sum of TWO MILLION, SIX HUNDRED NINETY EIGHT THOUSAND, THREE
HUNDRED AND SEVENTY FOUR ($2,698,374) DOLLARS for payment of debt service for
2004 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 2nd day of October, 2003.
Kim Jordan, Chair
ATTEST:
Jason Meadors, Secretary
DOWNTOWN
DEVELOPMENT
AUTHORITY
TO: DDA Board of Directors
FROM: Chip Steiner
DATE: September 29, 2003
RE: Holiday Parking
Last year, the DDA, DBA, and City shared in absorbing the cost of making parking in the
downtown garages free for three Saturdays between Thanksgiving and Christmas.
The DBA would like to repeat this program, noting that usage in the ramps increased by
better than 20 percent last year or the same period the year before. The proposal is to
make parking free for the four Saturdays between Thanksgiving and Christmas. Total
cost to the DDA would be $1,334.
Staff recommends approval.
70 NA Tnwn Smure_. fniT< 23R.:. }}y+ P,nWi4�� _ .i 2'r-Rx� i1'an aaa hraeta
DOWNTOWN
DEVELOPMENT
AUTHORITY
TO: DDA Board of Directors
FROM: Chip Steiner
DATE: September 29, 2003
RE: Downtown Strategic Plan
Copies of the latest draft of the Downtown Strategic Plan were distributed to the Board
last week. This is the Authority's final opportunity to comment before the document
goes to City Council.
Although refined some from earlier versions, there is little new in this draft that the Board
has not already seen and/or discussed. A couple notes:
1. the area between the Jefferson and the Poudre River has been added as a primary
focus for development. Earlier versions targeted only the Mason -Howes corridor.
2. The plan continues to suggest the creation of a business improvement district, the
addition of a business recruitment staff position to the DDA, and the creation of a
DDA/DBA alliance. If the Board wishes, these things could be discussed at the
November retreat.
3. Height is discussed at length on page 43.
4. In the transportation section, the chapter on Pedestrians (beginning on page 36) is
particularly interesting given the DDA's ideas for enhancing the downtown
pedestrian environment.
5. The parking section begins on page 65 with program changes (e.g. enhanced
enforcement) beginning on page 116.
Overall, staff thinks the Plan provides enough flexibility to and encourages the DDA to
pursue its priorities for downtown. Staff suggests that the Board recommend adoption of
the Plan by City Council citing any significant differences and/or changes that the Board
thinks should be made to the document.
19 Old Town Square • Suite 230 • Fort Collins, Colorado 80524 - tel: 970.484.2020 • fax: 970.484.2069
RESOLUTION 03-09
OF THE BOARD OF DIRECTORS OF THE
FORT COLLINS DOWNTOWN DEVELOPMENT AUTHORITY
RECOMMENDING TO THE FORT COLLINS CITY COUNCIL
THE ADOPTION OF THE DOWNTOWN STRATEGIC PLAN
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
has reviewed the Downtown Strategic Plan.
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
that it adopt the Downtown Strategic Plan.
Passed and adopted at a regular meeting of the Board of Directors of the Fort
Collins Downtown Development Authority this 2nd day of October, 2003.
Kim Jordan, Chair
ATTEST:
Jason Meadors, Secretary
ddoDOWNTOWN
DEVELOPMENT
AUTHORITY
TO: DDA Board of Directors
FROM: Chip Steiner
DATE: September 29, 2003
RE: Pine Street Lofts
Attached is a very thorough background information packet on the proposed Pine Street
Lofts residential development scheduled to be built on the old Poudre Valley Creamery
Site at Pine and Jefferson.
This project is estimated to cost $4,800,000 and would generate $34,000 annually in tax
increment, which over the period 2006 — 2011 when it would be on the tax roles, would
support a little better than $206,000 in DDA financial participation. The developers are
asking the Authority to commit $700,000 or 14.5 percent of the total project cost.
Since this is a purely residential project, the assessment level is about 70 percent less than
a comparably sized commercial development. As a percentage of total project cost, this
request is about the same as the Authority committed to the Cortina project at Howes and
Canyon.
However, the Board needs to evaluate its level of participation based upon benefit to the
economic revitalization of the central business district. Honoring the $700,000 funding
level request will mean using tax increment generated from the district as a whole, not
just from this project. Therefore, the Board also needs to be cognizant of the impact on
its plans to fund a performing arts center and any other purely public improvements.
Because this project brings 14 new residential units into the CBD and does so in a
challenging location that, if successful, should have a positive impact along the northern
edge of downtown staff believes funding at a level substantially above what is
supportable by the estimated tax increment is justifiable. A commercial project at this
location and costing the same amount of money would generate increment capable of
supporting the $700,000 request. Since residential is such a key component to the
success of a downtown and because, until recently, we haven't been able to attract too
much of it, staff suggests funding at $500,000.
The Authority is planning another bond issue in 2004. This project would be included in
the bond.
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 Directors
FROM: Chip Steiner
DATE: September 29, 2003
RE: National Association for Interpretation Drawings
As a part of its approval to participate in the redevelopment of the CV Axle building into
the new headquarters for the National Association for Interpretation, the Board required
that it be presented with the designs for the new building. Drawings are attached.
It is not the obligation of the Board to pass design judgment. However, since it is
contributing $200,000 to the project it has the right to comment on the building's
appearance. The designs as presented here represent some changes to the southern fagade
(the Cherry Street fagade) to improve its pedestrian friendliness.
19 Old Town Square • Suite 230 • Fort Collins, Colorado 80524 • tel: 970.484.2020 • fax: 970.484.2069
dduDOWNTOWN
DEVELOPMENT
AUTHORITY
TO: DDA Board of Directors
FROM: Chip Steiner
DATE: September 29, 2003
RE: 223 North College Avenue
A few months ago, the DDA approved around $50,000 to acquire an easement on the
fagade of Mikal Torgerson's building at 223 North College contingent specifically upon
the removal of the billboards.
Apparently there is now a dispute about whether Torgerson can legally remove them.
We are being asked to honor our commitment at the time the billboards are removed.
Staff believes this is a reasonable request subject to:
1. A downward adjustment in the commitment based proportionally on the
continued income Torgerson receives from the billboard lease
2. The imposition of a time frame for the billboards to be removed —at a minimum,
the commitment becomes void when the DDA's TIF district dissolves in 2011.
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 Directors
FROM: Chip Steiner
DATE: September 29, 2003
RE: Resolution committing funds to Parking Enhancement Program
The City has asked the Board to approve a resolution confirming its commitment to fund
up to $125,000 in new parking enforcement equipment. The reason for this is that the
City intends to go ahead with the purchase this year but the Authority will not have the
funds available until a new tax increment bond issue which is scheduled to happen early
next year.
A resolution is attached.
19 Old Town Square • Suite 230 • Fort Collins, Colorado 80524 • tel: 970.484.2020 • fax: 970.484.2069
RESOLUTION 03-10
OF THE BOARD OF DIRECTORS OF THE
FORT COLLINS DOWNTOWN DEVELOPMENT AUTHORITY
CONFIRMING ITS APPROVAL OF THE EXPENDITURE OF UP TO $125,000
ON BEHALF OF THE CITY OF FORT COLLINS PARKING SERVICES TO
ACQUIRE PARKING ENFORCEMENT EQUIPMENT NECESSARY TO
IMPROVE PARKING SERVICES IN THE CENTRAL BUSINESS DISTRICT
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 Fort Collins Downtown Development Authority considered the
enhanced parking program and the request for funding assistance at its regularly
scheduled meeting, September 4, 2003; and.
WHEREAS, the Board of Directors approved spending up to $125,000 for new
parking enforcement equipment at its regularly scheduled meeting, September 4, 2003.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
DIRECTORS OF THE DOWNTOWN DEVELOPMENT AUTHORITY OF THE
CITY OF FORT COLLINS, that it hereby confirms its approval to expend up to
$125,000 to pay for additional parking enforcement equipment for the City of Fort
Collins Parking Services, said funding to be provided to Parking Services upon the
issuance of new tax increment bonds scheduled for early in the year 2004 and subject to
receipt by the DDA of the invoices for said equipment purchases.
Passed and adopted at a regular meeting of the Board of Directors of the Fort
Collins Downtown Development Authority this 2nd day of October, 2003.
Kim Jordan, Chair
ATTEST:
Jason Meadors, Secretary