HomeMy WebLinkAboutDowntown Development Authority - Minutes - 07/08/2004DOWNTOWN DEVELOPMENT AUTHORITY
SPECIAL MEETING,
MINUTES OF JULY 8. E004
SPECIAL MEETING
THE BOARD OF DIRECTORS OF THE DOWNTOWN DEVELOPMENT AUTHORITY MET IN SPECIAL SESSION
AT 7:30 A.M. ON JULY 8, 2004, IN THE MEETING ROOM AT HOME STATE BANK LOCATED AT 303
EAST MOUNTAIN AVENUE, FORT COLLINS, CO 80524.
PRESENT Kim JORDAN, CHAIR
STEVE TAYLOR, VICE CHAIR
JASON MEADORS, SECRETARY/TREASURER
MARY BRAYTON
CAREY HEWITT
BILL SEARS
JACK WOLFE
STEVE TAYLOR
ABSENT LARRY STROUD
BILL BERTSCHY
STAFF ROBERT STEINER, EXECUTIVE DIRECTOR
LINDA GuL
LUCIA LILEY, COUNSEL
GUESTS DARIN ATTEBERRY
RYAN Ho DIEK
DAVID CRESS
DANNY FLEMINGS
MYRNE WATROUS
CALL TO ORDER MS. JORDAN CALLED THE MEETING TO ORDER AT 7:35 A.M. ROLL CALL WAS TAKEN.
MELTING POT AT THE JULY 1. 2004, REGULAR DDA BOARD MEETING, A SPECIAL MEETING HAD BEEN
SCHEDULED TO HEAR THIS ITEM.
RYAN HOUDEK, PROJECT DEVELOPER; DAVID CRESS, ARCHITECT; AND DANNY FLEMINGS, BUILDING
OWNER, WERE AVAILABLE TO ANSWER QUESTIONS. MR, CRESS HANDED OUT A COLORED RENDERING
OF THE PROPOSED PROJECT. HE THEN EXPLAINED THE CHANGES BEING PROPOSED AS COMPARED
TO WHAT HAD BEEN PROPOSED AT THE JULY 1, 2004, MEENNG.
MS. JORDAN STATED IT WOULD HELP THE BOARD TO FRAME THEIR COMMENTS IF THEY HAD A SENSE
OF THE NEW FINANCIAL REQUEST OF THE DDA, MR, HOUDEK STATED HE HAD JUST RECEIVED THE
FINANCIAL INFORMATION THE NIGHT BEFORE AND THE NUMBERS HAD NOT BEEN SCRUTINIZED AS
MUCH AS HE WOULD LIKE. HE STATED LAST WEEK THE REOUEST HAD BEEN $70,000 AND IT
LOOKED LIKE THIS PROPOSAL WOULD BE A GRAND TOTAL OF $ 1 34,000. HE HANDED OUT A
LISTING OF THE PROPOSED COSTS AND STATED THAT SOME OF THE CHARGES MAY BE ARGUABLE.
MS. BRAYTON REQUESTED THAT HE COMPARE THE COSTS FROM LAST WEEK TO THE COSTS BEING
PROPOSED THIS WEEK, HE PRESENTED COSTS BY LINE ITEM.
JULY 8, 2004
ODA MINUTES
PAGE 2
MERE WAS GENERAL DISCUSSION AND QUESTIONS FROM BOARDMEMBERS CONCERNING THE
WINDOWS, THE SIONAOE AND IF ANOTHER BUSINESS WOULD BE ABLE TO USE THE SAME SIGNAGE
SPACE, AND THE SIZE OF THE BRICKS:
MR. TAYLOR ASKED MR, STEINER WHERE THE MONEY WOULD BE DOMINO FROM FOR THE ADDITIONAL
REQUEST. MR. STEINER STATED IT WOULD COME OUT OF MISCELLANEOUS FUNDS THAT WE RECEIVED
OUT OF THE LAST BOND ISSUE. MR. TAYLOR ASKED WHAT THIS WOULD REPRESENT IN EXCESS OF
THE TAX INCREMENT, MR. STEINER STATED IT IS SUBSTANTIAL; ASSUMING THAT THESE CHANGES
DON'T CHANGE THE VALUE OF THE BUILDING; THE TAX INCREMENT WOULD BE ABOUT $81 ,000
OVER SIX YEARS. MR. HEWITT ASKED WHAT THE TOTAL COST OF THE PROJECT WOULD BE. MR.
HOUDEK REPLIED IT IS ABOUT $ 1 ,01 7,000.
THERE WAS DISCUSSION AMONO BOARDMEMSERS ABOUT THE AWNING AND SIGN AND WHETHER THE
DDA HAS PAID FOR AWNINGS ON OTHER PROJECTS. MS. LILEY STATED THAT AWNINGS HAVE BEEN
PAID FOR IN THE PAST BUT THIS IS AN ISSUE THE BOARD NEEDS TO DECIDE.
MYRNE WATROUS COMMENTED THIS IS ONE OF THE BEST, IF NOT THE BEST EFFORT, TO FIT INTO OLD
TOWN THAT SHE HAD SEEN.
MS. BRAYTON STATED TO MR. FLEMINOB (AS OWNER OF THE BUILDING) THAT THE DDA AOREEMENT
WOULD BE WITH HIM AND THAT ANY SION THAT WOULD 00 ON THE LEFT HAND SIDE OF THE BUILDING
WOULD NEED TO COME BACK BEFORE THIS BOARD FOR APPROVAL. MR. FLEMINGS STATED HE WAS
AWARE OF THAT AND THAT THERE IS A POSSIBILITY THAT MR. HOUDEK MAY USE THAT SPACE FOR
THEIR OFFICES. HE STATED IT WOULD ALSO BE A NATURAL PLACE FOR THE RESTAURANT TO EXPAND.
MR. STEINER STATED BY SUBTRACTING $6000 FOR SIGNAGE AND TAKING OUT GENERAL
CONDITIONS, THE GENERAL CONTRACTOR FEE, AND THE CONTINGENCY, IT WOULD LEAVE
$ 108, 728.
MS. JORDAN ASKED IF MR, STEINER COULD MAKE A RECOMMENDATION, MR. STEINER STATED THE
FAgA.DE IS A GOOD IMPROVEMENT OVER WHAT RHYTHMS PROPOSED AND IT IS A BETTER USE THAN
WHAT HAD BEEN PROPOSED, HE STATED THE FUNDS ARE AVAILABLE, BUT WAS CONCERNED ABOUT
SETTING A PRECEDENT OF FUNDING PROJECTS REGARDLESS OF THE RETURN TO THE DDA.
BILL SEARS STATED HE DID NOT PARTICULARLY SEE A PROBLEM IN SETTING A PRECEDENT; AND
SECONDLY, HE STATED WE SAID WE WANTED TO DO THIS..
MR. HEWITT ASKED IF $ 105.000 WOULD GET WHAT WAS NEEDED IN THIS PROJECT, MR, HOUDEK
STATED HE THOUONT $ 105,000 WOULD GET ESSENTIALLY WHAT WAS NEEDED,
MR. HEWITT MOVED Tp COMMIT UP TO $ 1 OS,000 TO THIS PROJECT. SECONDED BY MR. SEARS.
COMMENTS:
MR. MEADORS STATED GIVEN A CHOICE BETWEEN THE ORIGINAL PROPOSAL FOR $70,000 AND
THIS PROPOSAL FOR $ I05,000. HE THOUGHT THIS WAS A MUCH BETTER INVESTMENT. MR.
WOLFE AGREED AND STATED HE THOUGHT IT WAS WORTH $ 105,000,
MS. JORDAN STATED ONE THING THAT HAD NOT BEEN ASKED IS WHAT WILL HAPPEN TO THE EAST
FACE OF THIS BUILDING. MR. CRESS STATED THE CURRENT CORNICE WRAPS BACK AND THE NEXT
DOOR OWNERS ARE NOT WILLINO TO ALLOW 4' OF FACIADE. MR, HOUDEK SUGGESTED THE BABY SIDE
OF THE BUILDING COULD BE PAINTED A COMPARABLE COLOR. MR. HEWITT SECONDED THE FACT
THAT TREATING THE EAST WALL APPROPRIATELY WHETHER THAT MEANS PAINTING IT, WHICH WOULD
PROBABLY BE THE LEAST EXPENSIVE WAY OF DOING IT, TO BLEND WITH THE FRONT WOULD BE
DESIRABLE. MS. JORDAN AGREED WITH HIS COMMENT.
MS. BRAYTON ASKED IF THEY HAD DISCUSSED WITH THE CONTRACTOR THE PROBLEMS THAT WILL
OCCUR WITH PARKING AND TRAFFIC ISSUES DURING CONSTRUCTION, MR. HOUDEK SAID THEY HAD
DISCUSSED IT THAT MORNING AND THEY WOULD HAVE TO PUT UP SOME SORT OF BARRIER TO 00
THE WORN.
THE MOTION CARRIED UNANIMOUSLY.
ADJOURN MEETING ADJOURNED 8: 1 6 A.M.
711111,
1 MEA RS, SECRETARY