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HomeMy WebLinkAboutDowntown Development Authority - Minutes - 05/05/2005DOWNTOWN DEVELOPMENT AUTHORF Y REGULAR DIRECTORS' MEETING Kim OgRRm„0wiIR 22 1-0524 NO KuftT KAsftft Q*VNQlL LIAISON 223.0425 (W) MINUTES OF MAY S. 2005 REGULAR MEETING THE BOARD OF DIRECTORS OF THE DOWNTOWN DEVELOPMENT AUTHORITY NET IN REGULAR SESSION AT 7:30 A.M. ON MAY 5, 2005 IN THE BOARD ROOM AT FIRST NATIONAL BANK, 2 1 5 W. OAK, FORT COLLINS, COLORADO. PRESENT Kim JORDAN. CHAIR STEVE TAYLOR. VICE CHAIR JASON MEADORS, SCCRETARYFREASURER JACK WOLFE LARRY STROUD CAREY HEW KAREN WEITKUNAT (COUNCIL ALTERNATE) ABSENT MARY BRAYTON BILL SEARS KURT KAsTEIN STAFF ROBERT STEINER, EKECUTIVE DIRECTOR LINDA GULA LUCIA LILEY. COUNSEL GUESTS DARIN ATTESERRY, DAVID SHORT, CHUCK SEEST. MARTY HEFFERNAN, GUY BOYD. KATHLEEN BENEDICT, MIKAL TOROERSON, MIKE JENSEN, BRAUS MINCHER, BASHO PARKS, BLUE HOVATTER. CALL TO MS. JORDAN CALLED THE MEETING TO ORDER AT 7:35 A.M. ROLL CALL WAS TAKEN. ORDER APPROVAL OF JACK WOLFE MOVED TO APPROVE THE MINUTES OF APRIL 7, 2005, SECONDED BY MINUTES JASON MEADORS AND PASSED UNANIMOUSLY. AGGIE THEATER CHIP STEINER REVIEWED THE PACKET INFORMATION AND STATED M. TORGERSON ARCHITECTS HAD RENOVA71ON SUBMITTED A REQUEST FOR ODA PARTICIPATION IN THE RENOVATION OF THE AGGIE THEATER ON BEHALF OF JBM-204 LLC IN CARE OF MIKE JENSEN OF FORT COLLINS REAL ESTATE. THE REQUEST TO THE ODA WAS TO INVEST $89,41 8 IN A FAgADE EASEMENT THAT WOULD COVER THE COSTS OF THE STOREFRONT, WINDOWS, DOORS, NEW BRICK, NEW WOOD MOLDING AND MOST OF THE COST OF THE BALCONY. INVESTMENT AT THIS LEVEL AMOUNTED TO 40.5 PERCENT OF THE TOTAL COST OF THE IMPROVEMENTS. STAFF DOES NOT SUPPORT THE REQUEST. STAFF BELIEVES THAT THE PROPOSED FAVADE CHANGES ARE A MARKED IMPROVEMENT OVER THE EXISTING BUILDING APPEARANCE AND IT WOULD SUPPORT SOME DDA PARTICIPATION BUT NOT AT A LEVEL ABOVE $ 17,000, THIS IS ABOUT 9.5 PERCENT OF THE TOTAL ESTIMATED HARD COST INVESTMENT IN THE PRWECT. MIKAL TORGERSON, M. TORGERsON ARCHITECTS, EXPLAINED THE PROPOSED CHANGES TO THE THEATER. MIKE JENSEN, OWNER AND TITLE HOLDER TO THE BUILDING, SHARED 15 THOUGHTS ON HIS VISION FOR DOWNTOWN. THERE WAS DISCUSSION AMONG BOARDMEMSERS CONCERNING THE FAgADE IMPROVEMENTS, THE VALUE OF THE BUILDING. THE NEW BALCONY AND MARQUEE, AND THE TAX INCREMENT NUMBERS. THE BOARD NOTED THEY HAD NEVER SUPPORTED A PROJECT AT 50%. Kim JORDAN HAD QUESTIONS CONCERNING THE MARQUEE AND IF IT WOULD RETAIN A MORE "HISTORIC LOOK RATHER THAN A MODERN LOOK. MIKAL TOROERSON EXPLAINED IT WOULD LOOK LIKE A COMPUTER SCREEN BUT NOTED THEY ARE ALSO LOOKING AT LED UGHTINO TECHNOLOGY. Kim JORDAN ENCOURAGED THE APPLICANT TO CONSIDER ENERGY EFFICIENT, SUSTAINABLE ENERGY SYSTEMS IN THEIR HVAC SYSTEM. MIKAL TORGERSON STATED THEY WOULD BE MOVING THE HVAC SYSTEM BUT NOT REPLACING R. DOA MINUTES PAGE 2 MAY 5, 2005 CAREY HEWITT MOVED TO SUPPORT THE PROJECT UP TO $25,000. SECONDED BY JACK WOLFE AND PASSED UNANIMOUSLY. Kim JORDAN NOTED THAT THE FINANCIAL SUPPORT IS PREDICATED UPON THE FINISHED BUILDING APPEARING AS IT WAS PRESENTED TODAY. SHE ALSO NOTED THEY WOULD NEED TO COME BACK TO THIS BOARD WITH THE CHANGES TO THEIR SIGN. PFA/ CHIP STEINER PRESENTED BACKGROUND INFORMATION STATING THAT THE POUDRE FIRE AUTHORITY ,S REMING ON ADMINISTRATIVE OFFICES ARE ATTACHED TO THE PARKING GARAGE AT 102 REMIGTON STREET. PFA STREET OWNS THE OFFICE BUILDING, THE GARAGE AND POCKET PARK (BETWEEN THE OFFICE AND STAIRWELL/ LAND SALE /ELEVATOR) BELONG TO THE DDA. PFA WISHES TO EXPAND ITS OFFICE BY BUILDING A 7,000 SQUARE FOOT ADDITION ON THE POCKET PARK LAND. STAFF RECOMMENDED THE DDA DEED THE PROPERTY TO PFA, STAFFS ONLY CONDITION IS THAT THE BOARD BE ALLOWED TO REVIEW DESIGNS FOR THE OFFICE ADDITION. CHIP STEINER STATED ONE OF THE PRIMARY REASONS FOR SUPPORT IS THAT THEY ARE BRINGING MORE EMPLOYEES TO THE DOWNTOWN AREA. GUY BOYD, PFA REPRESENTATIVE, REFERRED TO HIS EMAIL INCLUDED IN THE PACKET. HE STATED THE CONCEPTUAL PLAN IS TO ADD 7,000 SQUARE BEET OF OFFICE SPACE IN FOUR LEVELS. THEY CURRENTLY HAVE APPROXIMATELY 5,000 SQUARE FEET. THE EXPANSION WOULD ADDRESS CURRENT SPACE DEFICIENCIES, AS WELL AS MEET SOME FUTURE NEEDS. HE STATED THEIR LONG RANGE PLANS, IF FINANCIAL CONSTRAINTS ALLOW, ARE TO PROVIDE FACILITIES TO HOUSE FOURTEEN ADDITIONAL PERSONNEL. THERE WAS DISCUSSION AMONG SOAROMEMSERS CONCERNING THE ARCHITECTURAL REVIEW AND BID PROCESS, THE TIMING OF CONSTRUCTION, AND VALUE OF THE LAND. THERE WERE QUESTIONS CONCERNING PFA EVER MOVINO FROM THAT LOCATION AND CONCERNS ABOUT FUTURE USE OF THAT PROPERTY. LUCIA LILEY TALKED ABOUT THE LEASES AND CONVEYANCE OF THE LAND TO THE CITY. JASON MEADORS MOVED THAT A LEASE BE NEGOTIATED WITH THE CITY AND POUDRE FIRE AUTHORITY TO LEASE OUT THE SUBJECT PROPERTY ON THE CONDITION THAT WE MAINTAIN FINAL APPROVAL OF THE DESIGN, THAT OUR LEGAL FEES ARE RECOUPED, AND THAT THE VALUE OF THE LEASE IS SET NOMINALLY AT $ 1 PER YEAR. SECONDED BY MR. STROUD AND PASSED UNANIMOUSLY. DDA(DBA CHIP STEINER STATED THE BOARD NEEDED TO APPROVE THE EXTENSION OF THE DDA-DBA AGREEMENT AGREEMENT FOR THE YEAR 2005 BY AUTHORIZING THE CHAIR TO SION THE EXTENSION LETTER. HE STATED THE AGREEMENT WITH DBA DOES BACK T01999, HE REFERRED TO RESOLUTION 2005-4 AND THE EXTENSION LETTER INCLUDED IN THE PACKET INFORMATION. DAVID SHORT STATED THE AGREEMENT HAD CHANGED LAST YEAR WHEN $ 10,000 WAS GIVEN TO THE DBA AND NONE OF IT WAS USED TO PAY FOR ADMINISTRATIVE SERWCES FROM THE OFFICE MANAGER. THE $ 10,000 THEN WENT ENTIRELY TO DBA MARKETING. STEVE TAYLOR MOVED TO RENEW THE AGREEMENT AS WRITTEN LAST YEAR WITH THE DBA. JASON MEADOR$ STATED THAT HE WOULD LIKE THE DISCUSSION TO REFLECT THAT THIS DOES NOTE AN INCREMENTALLY HIGHER CONTRIBUTION FROM THE DDA. SECONDED BY CAREY HEWITT AND PASSED UNANIMOUSLY, (NOTE: RESOLUTION 2005-4 AND THE LETTER OF AGREEMENT INCLUDED IN THE PACKET WILL BE REVISED TO REFLECT THE CHANGES NOTED), OLD TOWN CHIP STEINER UPDATED THE BOARD ON PROGRESS WITH THE CITY TAKING OVER OLD TOWN SQUARE SOUARE MAINTENANCE. CONSTRUCTION WILL NOT BEGIN UNTIL FALL BUT SOME ONGOING MAINTEN- LANDSCAPING AND MAINTENANCE ARE NEEDED NOW. A MEETING WAS HELD THIS WEEK ANCE S WITH DISCUSSIONS ABOUT SCOPE OF WORK. AN INTERIM AGREEMENT WILL BE FUNDING NEGOTIATED THAT WILL ALLOW THE CITY TO BEGIN WORK. THE INTERIM AGREEMENT WILL MANAGE- LAST UNTIL WE HAVE THE PERMANENT AGREEMENT. THE CITY IS VERY EXCITED TO MENT BEGIN. OAK STREET KATHLEEN BENEDICT FROM THE CITY PARKS DEPARTMENT GAVE AND UPDATE ON THE PLAZA DESIGN AND CONSTRUCTION PLANS FOR THE RENOVATION OF OAK STREET PLAZA. SHE REVIEWED RENOVATION INFORMATION CONCERNING MATERIALS AND FURNISHINGS FOR THE PLAZA AND SHE TALKED ABOUT THE NEW FOUNTAIN FEATURE. DDA MINUTES PAGE 3 MAY 5, 2005 SHE STATED THE CITY PARKS DEPARTMENT HAD MONEY TO DO ABOUT HALF OF WHAT WAS PRESENTED - ABOUT $480,000. SHE STATED THEY NEED ABOUT $930,000 MORE TO DO ALL THE FEATURES, SHE STATED THEY WERE HOPING THE DDA COULD MATCH THE CITY'S $480,000. SHE NOTED TO RENOVATE THE REST OF THE STREET WOULD COST $723,000, MR. MARTY HEFFERNAN OUTLINED THE CITY'S CONTRIBUTION TO THE FUNDING. ESSENTIALLY THE CITY IS CONSIDERING THE OAK STREET PLAZA TO BE A NEIGHBORHOOD PARK. BECAUSE OF THAT, THEY WOULD BE ABLE TO OBTAIN IMPACT FEES FROM SOME OF THE DOWNTOWN RESIDENTIAL DEVELOPMENTS, HE STATED THE CITY NEEDS SOME SENSE OF WHAT THE DDA MAY BE ABLE TO CONTRIBUTE. THE TIMING OF THE PROJECT WOULD BE TO 00 TO BID IN NOVEMBER/DECEMBER, 2005 WITH CONSTRUCTION TO BEGIN JANUARY/FEBRUARY, 2006. THERE WERE QUESTIONS AND DISCUSSION AMONG SOARDMEMBERS ABOUT THE PARK IMPACT FEE CALCULATIONS, MAINTENANCE AND ELECTRICITY COSTS, LIGHTING, FOUNTAIN COSTS, AND THE STAGE. THERE WAS A SUGGESTION OF DOING SOME "VALUE ENGINEERING" THAT MIGHT STILL BE FACTORED INTO THE DESIGN TO DECREASE SOME OF THE EXPENSES. THE BOARD AGREED THAT THEY ARE ONLY INTERESTED IN LOOKING AT THE PLAZA PART OF THE DESIGN AT THIS TIME, NOT CONSTRUCTION TO THE STREET. CHIP STEINER REQUESTED THAT THE BOARD DIRECT HIM TO WORK WITH THE CITY TO FIGURE OUT HOW WE CAN COME UP WITH THAT $480,000. BOTH AS IF AFFECTS THE DDA FINANCES, AND ALSO BY LOOKING AT OTHER SOURCES LIKE THE PARKS FEE ON BLOCK 33, ADDITIONAL GID REVENUE, AND POSSIBLY LOCO FUNDS TO SEE IF THERE IS ANOTHER WAY TO GET THE $480,000 OTHER THAN JUST HAVING IT ALL COME FROM THE DDA. JACK WOLFE EXPRESSED ENTHUSIASM FOR THE PROJECT, CAREY HEWITT STATED THIS IS A VERY VISIBLE AREA. HE STATED WE ARE SPENDING A CONSIDERABLE AMOUNT OF MONEY ON THE ALLEY IMPROVEMENTS. HE BELIEVES THIS AREA DESERVES EQUAL EMPHASIS. STEVE TAYLOR SUGGESTED HE WOULD LIKETO INCLUDE THE FRONT ENTRANCE OF THE MOCA BUILDING TO BE A PART OF THE RENOVATION DESIGN. THE BOARD CONCURRED THAT THAT BE PART OF MR. STEINER$ DIRECTION. THE CONCENSUS OF THE BOARD WAS TO DIRECT MR. STEINER TO MOVE AHEAD WITH WORKING WITH THE CITY ON OPTIONS FOR SOURCES OF FUNDING. CHIP STEINER INTRODUCEDCOUNCILMEMBER KAREN WEITKUNAT WHO 15 THE NEWLY APPOINTED ALTERNATE COUNCIL LIAISON TO THE DDA BOARD, KURT KASTEIN HAS BEEN APPOINTED TO THE DDA BOARD AS THE COUNCIL LIAISON, BUT HE WAS UNABLE TO ATTEND THIS MEETING CULTURAL CHIP STEINER HAD PROVIDED THE BOARD WITH A DRAFT OF A DOWNTOWN CULTURAL DISTRICT PLAN. DISTRICT THE PURPOSE OF THIS MEETING WAS TO GIVE THE BOARD AN OPPORTUNITY TO DISCUSS THIS PLAN IN PLAN MORE DETAIL. DRAFT PLAN VISION - CHIP STEINER STATED THIS DRAFT DOCUMENT IS AN ACTION PLAN AND AN IMPLEMENTATION PLAN. THIS DOCUMENT PROPOSES THE FORMATION OF SOME SORT OF SUBSIDIARY OROANIZATION OF THE DDA THAT INITIATES AND CARRIES OUT THE VISION BY BUILDING THE ORGANIZATION ITSELF, BUILDING AND MAINTAINING THE RELATIONSHIPS NEEDED WITH THE REST OF THE COMMUNITY, BUILDING AND IMPLEMENTINO THE PROGRAMMING, MARKETING THE PROGRAMS, OROANIMNG THE PROGRAMS, AND CARRYING OUT THE PROORAMS. HE WENT ON TO NOTE THE PLAN PROPOSES A STAFF, IT PROPOSES A BOARD OF DIRECTORS, IT PROPOSES ANNUAL WORK PROGRAMS, AND IT PROVIDES BUDGETS AND INCOME/EXPENSE PROJECTIONS FOR 10 YEARS. HE STATED THE PLAN SUGGESTS THAT THIS ENTITY BE INDEPENDENT IN 3-4 YEARS - THAT IT ROLL OUT FROM UNDERNEATH THE DDA, HE WENT ON TO NOTE THE PLAN IS FUNDAMENTALLY CALLINQ FOR THE CREATION OF AN "ECONOMIC ENGINE" FOR DOWNTOWN AND THE COMMUNITY. IT WILL TAKE A BIG EMOTIONAL COMMITMENT AND A BIO FINANCIAL COMMITMENT AND IT WILL RUN INTO ROADBLOCKS AND CRITICISM ALONG WITH SOME COMMUNITY SUPPORT AND POSITIVE COMMENTS, THIS IS SOMETHING THAT MAY TAKE 10 YEARS. WHETHER IT TAKES THIS FORMAT OR SOME OTHER FORMAT. WE NEED TO TAKE THIS FROM DISCUSSION OF THE VISION TO IMPLEMENTATION OF THE VISION.. DISTRICTRECREATING A NEW TIF - LUCIA LILEY UPDATED THE BOARD ON THE STATUS OF WHERE THE DISCUSSIONS ARE IN TERMS OF RECREATING A NEW TIF DISTRICT DOWNTOWN, AS THE OLD DDATIF SUNSETS IN 201 1. DDA BOARD MINUTES PAGE 4 MAY 5, 2005 BOARD DISCUSSION OF THE PLAN COMMENTS ON THE CONCEPT: CAREY HEWITT - IS THIS SOMETHING WE DAN OR SHOULD DO AND IS IT WITHIN OUR PERVIEW TO DO IT. HE STATED HE WAS LOOKING FORWARD TO THAT DISCUSSION TODAY. Kim JORDAN - WHY IS THE DDA THE LEAD ON THIS - IN PART BECAUSE WE ARE THE PEOPLE WHO HOLD THE VISION FOR DOWNTOWN AND IN PART BECAUSE WE ARE HIGHLY MOTIVATED TO SEE DOWNTOWN BE SUCCESSFUL. WHAT WE ARE REALLY LOOKING AT IS ECONOMIC VITALITY FOR FORT COLLINS AND WE ARE JUST THE CATALYST. EVENTUALLY IT IS BIDDER THAN US AND IT GOES ON TO A WIDER NETWORK JACK WOLFE -. IN MY OPINION, THE DDA IS THE STRONGEST ORGANIZATION IN PART BECAUSE WE HAVE MONEY, WE HAVE A DIRECTION, WE HAVE A FOCUS, AND WE KNOW WHAT OUR MISSION IS. THIS IS AN EXTENSION OF WHAT WE ARE TRYING TO ACCOMPLISH FOR THE DOWNTOWN, WE ARE TRYING TO MAKE DOWNTOWN THE PREMIER PLACE TO 00 AND A PLACE THAT PEOPLE ARE DRAWN TO. I KNOW THIS DOCUMENT IS SOMETHING THAT COULD BE CHANGED ALMOST EVERY YEAR - TO ME THE CRITICAL COMPONENT IS NOW DO WE CREATE THE STRUCTURE OF THE GROUP THAT IS GOING TO 00 WITH IT. THAT REALLY HAS TO BE THE STRENGTH TO MAKE SURE THAT WE GET THE FOLLOW THROUGH THAT WE WANT. LUCIA LILEY - 1 THINK WE HAVE TO BE COMFORTABLE WITH WHAT WE ARE DOING. THE DDA STATUTE IS CLEAR THAT THE PRIMARY MISSION AND FOCUS IS ON BRICKS AND MORTAR. IT IS ON DEVELOPMENT AND REDEVELOPMENT OF CAPITAL FACILITIES. IT DOESN'T MEAN THAT THERE AREN'T OTHER PIECES. FOR EXAMPLE, TO EXAMINE ECONOMIC CHANGES AND THE ECONOMIC CLIMATE DOWNTOWN, TO DO PLANS AND PROPOSALS - BUT IT ALL WORKS TOWARD IMPLEMENTING THE PHYSICAL REDEVELOPMENT. YOU NEED TO LOOK AT IF WE CAN JUSTIFY THIS AS A JUMP START, IF WE ARE PROVIDING A CATALYST, AN INCUBATOR. WE ARE NOT THINKING ABOUT DOING THIS LONG TERM BECAUSE IT IS NOT OUR MAIN MISSION. DARIN ATTEBERRY - THERE IS A CONCENSUS IN THE COMMUNITY ABOUT BUILDING DOWNTOWN. THERE NEEDS TO BE SOMETHING THAT ANCHORS THIS IN PLACE. SOMETHINO HAS GOT TO BE DONE THAT IS SIGNIFICANT THAT WILL SAY TO THIS COMMUNITY WE ARE ABSOLUTELY COMMITTED TO MOVING FORWARD AND WE HAVE TO ANCHOR OUR POSITION IN NORTHERN COLORADO. WE CAN'T WAIT FIVE YEARS. JASON MEADORS - THE OVERRIDING PRINCIPLE WOULD HAVE TO BE TO THE BENEFIT OF THE CENTRAL BUSINESS DISTRICT OR WE CAN'T PARTICIPATE. WE NEED TO BE THE NEXUS, BECAUSE IF WE ARE LOOKING AT THE ECONOMIC VITALITY OF THE OITY - I DON'T THINK THAT IS OUR MISSION. OUR MISSION IS THE ECONOMIC VITALITY PROMOTING DEVELOPMENT FOR THE CENTRAL BUSINESS DISTRICT. CHIP STEINER - I DON'T AGREE - OUR MISSION IS NOT MEANT TO ONLY AFFECT DOWNTOWN IT IS SUPPOSED TO HAVE AN IMPACT ON THE COMMUNITY. ULTIMATELY, THE TAX DOLLARS 00 BACK TO THE COUNTY AND SCHOOL DISTRICT - THAT'S NOT DOWNTOWN. WHAT WE ARE DOING IS HELMNO THE BROADER COMMUNITY BY INCREASING THE PROPERTY TAXES THAT THOSE ENTITIES COLLECT. THIS IDEA, IF IT WORKS, WILL DRIVE THE NEED FOR MORE BRICKS AND MORTAR. . LUCIA LILEY - IF WE HAD A PROGRAM THAT THE STATED MISSION WAS TO IMPROVE THE ECONOMIC VITALITY IN THE WHOLE CITY, THAT WOULDN'T BE APPROPRIATE. WHAT WE ARE SAYING IS WE ARE DOING IT FOR ECONOMIC VITALITY DOWNTOWN AND IT WILL HAVE SPINOFF BENEFITS CITYWIDE. COMMENTS ON THE BUDGET: JACK WOLFE - THE REALITY IS SUCH THAT IN LOOKING AT REVENUE SOURCES FOR THE CITY - THE DOWNTOWN IS GOING TO BE MORE AND MORE A CRITICAL COMPONENT OF THE FUTURE OF THE CITY FROM THE STANDPOINT OF ITS FINANCIAL CONDITION. WE HAVE A JEWEL IN THE DOWNTOWN AND THE CONCEPT OF A CULTURAL DISTRICT IS JUST TRYING TO EXTEND OUR ABILITY TO POLISH THAT JEWEL EVEN MORE SO IT IS SELF SUSTAINING, CHIP STEINER - WE WILL BE USING CURRENT TF MONIES ONLY. ULTIMATELY IT IS $4 MILLION OUT OF $25 MILLION. THIS PROGRAM IS GOING TO CHANGE EVERY YEAR. I HAD IN THE DRAFT THAT WERE DOING TO SPEND $ 1 MILLION EVERY YEAR - I DOUBT SERIOUSLY WED SPEND A MILLION IN THE FIRST YEAR ON THIS THING. WE'D PROBABLY SPEND A COUPLE HUNDRED THOUSAND. AFTER TEN YEARS THE THING SHOULD BE ABLE TO CASH FLOW ITSELF. CITY COUNCIL WILL HAVE TO APPROVE THIS MONEY. JACK WOLFE - SO IN ESSENCE WE TAKE IT FAR ENOUGH THAT THEY CAN SET UP THEIR OWN PROCESS OR STAFFING, OR WHATEVER THE CASE MAY BE, IN ORDER TO GENERATE THEIR OWN SOURCE OF FUNDING. DDA BOARD MINUTES PAGE 5 MAY b, 2005 LUCIA LILEY - THE ADVANTAGE OF DOING THIS IN A YEAR BY YEAR APPROPRIATION IS THAT YOU CAN EVALUATE WHERE YOU ARE GOING. THEN YOU HAVE TO BEGIN TO EVALUATE IT EVERY YEAR AND BAY, AT SOME POINT, ARE WE COMFORTABLE WITH THIS AMOUNT OF MONEY FOR THIS PERIOD OF TIME. Kim JORDAN - $3 MILLION GETS ME A LITTLE NERVOUS. PERHAPS WE LOOK AT THIS IN A WAY TO START WITH A MUCH SMALLER EMPHASIS. THERE IS A LOT TO PUT IN PLACE TO MAKE THIS WORK. I LOOK AT YOUR BUDGET AND IT SEEMS FAIRLY AGGRESSIVE. I ENVISION THAT WE COULD DO THIS FOR LESS MONEY, I GUESS WE NEED AN EXPERT TO TELL US. CHIP STEINER - I WAS AGGRESSIVE AND MY THOUGHT WAS THAT WHEN WE GET THE DIRECTOR, THOSE NUMBERS ARE GOING TO SHRINK. IT CHANGES FROM PRELIMINARY TO MORE CONCRETE THE MINUTE WE BRING IN THE DIRECTOR WHO IS SUPPOSED TO KNOW THE BUSINESS. STEVE TAYLOR - $4 MILLION SEEMS LIKE A LOT OF MONEY FOR A PRETTY NEBULOUS CONCEPT, A CRITICAL COMPONENT FOR THIS TO BE SUCCESSFUL ARE SOME OF THE PARTNERSHIPS - CSU BUYING IN, ALL THE OTHER PLAYERS BUYING IN FOR THE PROGRAMMING - THOSE ASPECTS HAVE GOT TO BE PRETTY WELL INTEGRATED. IT SEEMS TO ME WITH STARTING FIRST WITH GETTING STAFF PEOPLE ON BOARD AND STARTING TO GET SOME SOLID FRAMEWORK; GETTING THE BUY IN OF THE COMMUNITY; WOULD MAYBE BE A GOOD FIRST STEP AND IT CERTAINLY WOULDN'T REQUIRE A $4 MILLION INVESTMENT. COMMENTS pN A DEVELOPMENT DIRECTOR - Kim JORDAN - WE HAVE THIS CULTURAL VISION - IF WE INVEST IN ALL THIS BRICKS AND MORTAR AND THERE IS NOT PROGRAMMINO PIECE - WILL WE BE SUCCESSFUL. I WOULD HATE TO SEE BRICKS AND MORTAR (FACILITIES) AND HAVE THEM SITTING HALF USED. I THINK WE NEED SOMEBODY TO GET THE INERTIA MOVING TOWARD ENERGY, JACK WOLFE - THE ONLY CAVEAT IS THAT I THINK TO GET THE RIGHT PERSON IN HERE, WE ARE GOING TO HAVE TO MAKE AT LEAST A THREE YEAR COMMITMENT TO THAT INDIVIDUAL. WE ARE GOING DOWN THIS ROAD AND WE WANT THAT PERSON TO PULL IT ALL TOGETHER. IF HE/SHE DOESN'T BELIEVE THAT WE ARE MORE COMMITTED THEN JUST AN ANNUAL APPROPRIATION, THEN I DON'T KNOW THAT WE WILL GET THE RIGHT PERSON. CAREY HEWITT - WE HAVE TO HAVE A REAL CLEAR IDEA OF A JOE DESCRIPTION, WE DON'T HAVE THAT YET. WE NEED TO BE CLEAR. CHIP STEINER - I THINK WE DO HAVE A CLEAR PROGRAM IN THIS DOCUMENT. EVEN IF IT DOESN'T END UP LOOKING LIKE THIS IN THE END. THIS IS WHERE WE ARE HEADED, IF WE GO OUT AND HIRE SOMEONE, THAT PERSON MAY LEAD US IN SOME DIFFERENT DIRECTION ULTIMATELY, WE ARE NOT DEBATING WHAT WE ARE TALKING ABOUT ANY MORE; WE ARE TALKING ABOUT A CULTURAL DISTRICT WITHIN THE DDA DISTRICT. THAT'S WHERE WE ARE GOING. THIS PLAN FROM THE BEGINNING HAS A DEVELOPMENT DIRECTOR. IT WILL BE THAT PERSON'S RESPONSIBILITY/ROLE TO FIGURE OUT HOW TO GET THEM OUT FROM UNDERNEATH THE DDA SUBSIDY. ONCE WE HIRE SOMEONE, IT THEN BECOMES THAT PERSON'S RESPONSIBILITY TO START LOOKING FOR OTHER SOURCES OF MONEY, IT WILL BE THAT PERSONS JOB TO ASSEMBLE THE COMMUNITY BEHIND THIS THING. THE DEVELOPMENT DIRECTOR'S JOB WILL BE TO UNDERSTAND MORE CLEARLY THAN WE DO WHERE WE ARE GOING AND HOW WE GET THERE, STEVE TAYLOR - WHERE DO WE FIND SOMEONE TO BE OUR DEVELOPMENT DIRECTOR? CHIP STEINER - UNLESS THE BOARD HAS OTHER IDEAS I WOULD GET TOGETHER PEOPLE WHO KNOW THIS BUSINESS TO HELP US FIGURE OUT WHERE WE GO TO MIND THAT PERSON. COMMENTS ON COMMUNITY INVOLVEMENT: STEVE TAYLOR - HOW DO YOU ACHIEVE THE PUBLIC INPUT? CHIP STEINER -THE DIRECTOR, WHOEVER IT IS, COMES IN AND IT IS THAT PERSON'S RESPONSISLLI Y TO TAKE THE PROGRAM TO THE COMMUNITY. WE NEED SOMEONE WHO UNDERSTANDS MUCH MORE CONCRETELY THAN WE DO WHERE WE ARE GOING. Kim JORDAN - IF WE DON'T HAVE COMMUNITY SUPPORT FROM THE TIME WE ARE REALLY READY TO GO - WE'VE FAILED. JACK WOLFE- I THINK YOU 00 TO EACH ONE OF THE ENTITIES AND SAY TIE DDA IS DOING THIS - DO YOU WANT TO PARTICIPATE. WE THINK THERE IS AN OPPORTUNITY FOR YOUR ORGANIZATION TO BE A PART OF THIS, WE ARE BRINGING THE MONEY TO THE TABLE TO IMPLEMENT THIS PROCESS AND WE WANT YOU TO BE A WILLING PARTICIPANT. DDA BOARD MEETING PAGE 6 MAY 5, 2005 KAREN WEITKUNAT - IT IS REALLY IMPORTANT TO BELIEVE THAT THE TIME IS NOW. IT IS IMPORTANT TO KNOW THAT SOMEONE HAS TO INITIATE AND TAKE THE RISK, YOUR RISK IS GREATLY DIMINISHED BY PUBLIC BUY IN AND AWARENESS. THERE HAS TO BE COMMUNITY BUY IN. WITH THAT KNOWLEDGE AND THAT AWARENESS ALSO COMES SOME NEW IDEAS AND ADDITIONAL RESOURCES. LET'S MAKE SURE EVERYBODY IS BUYING INTO IT. TAKE THE RISK BUT DIMINISH IT WITH PUBLIC INPUT AND BUY IN. STEVE TAYLOR - I GO SHARE KAREN's CONCERNS WITH PUBLIC BUY IN. 1'M WILLING TO PERSEVERE THROUGH THE CRITICISM AS A MEMBER OF THE BOARD BUT I THINK IT IS IMPORTANT THAT WE DO HAVE SOME GOOD BUY IN. I STRONGLY SUPPORT THE DDA MOVING FORWARD WITH THIS. WHERE DO WE 00 FROM HERE Kim JORDAN - I WOULD LIKE US COME OUT OF HERE WITH: 1) DO WE BASICALLY AGREE WITH THE CONCEPT AND DO WE BELIEVE WE NEED TO HIRE A STAFF PERSON AND TO WORK OUR WAY THROUGH THE START UP STEPS; P) AND, WE ARE GOING TO ASK THAT LUCIA LILEY COME BACK TO US WITH THE LEGAL FRAMEWORK SO THAT WE KNOW THAT WE ARE BEHAVING WITHIN OUR CHARTER. CAREY HEWITT - MY BIGGEST CONCERN IS UNCHARTED WATERS. I DON'T KNOW IF WE ARE THE BEST PERSON OR THE BEST GROUP FOR THIS. 1 DON'T HAVE A HANDLE ON THE VISION. IN A SENSE I WOULD LIKE TO SEE A DEMONSTRATION. 1 WOULD LIKE TO SEE A DEMONSTRATION PROJECT $O THAT WE CAN GET A HANDLE ON WHAT WE ARE DOING. I HAVE OUESTIONS AND I DON'T HAVE AN ANSWER. JACK WHLFE - I'M A BELIEVER. i THINK THIS 15 THE NEXT LOGICAL STEP, IN ADDITION TO THE FACILITIES WE ARE PUTRNO IN PLACE. THE DDA IS IN A POSITION TO DRIVE THE PROCESS AND NEEDS TO DRIVE THE PROCESS. STEVE TAYLOR - I AM STRONGLY IN FAVOR OF THIS. I DEFINITELY THINK THAT THE CULTURAL DISTRICT CONCEPT IS THE BEST APPROACH FOR US TO TAKE LONG TERM FOR DOWNTOWN AND FOR THE CITY, I THINK THE EVIDENCE IS COMPELLING ABOUT THE ECONOMIC IMPACTS THAT WE CAN EXPECT FROM IT. LARRY STROUD - I SUPPORT IT TOO. AFTER BEING PART OF THAT EARLIER EFFORT WITH THE FIRST CULTURAL COMMITTEE AND REALIZINO HOW DIFFICULT IT IS TO GET YOUR ARMS AROUND IT, I DO THINK WE NEED SOMEONE FULL TIME TO DO THIS. HOWEVER, I AM UNCOMFORTABLE PERSONALLY IN THIS CONCEPTUAL PLANNING STAGE. I'M SITTING HERE THINKING - OK FROM A PRACTICAL STANDPOINT, WE ARE GOING TO BE TALKING ABOUT A OEOQRAPHICAL AREA AND WE ARE ABOUT BRICKS AND MORTAR. I'M MUCH MORE COMFORTABLE IN A TANGIBLE - LET'S GO START SOMETHING IN THE DISTRICT - LET'S 00 TIE UP A PIECE OF GROUND AND SEE IF WE CAN START iNITATING SOMETHING. I THINK THIS THING ULTIMATELY GETS DRIVEN BY THE BRICKS AND MORTAR. WE HAVE A PRETTY GOOD IDEA OF WHERE THE CULTURAL DISTRICT 15. YOU START TRYING TO FIGURE OUT HOW TO ASSEMBLE AND TIE UP GROUND AT REASONABLE PRICES AND I THINK YOU HAVE SOME ISSUES. SO 1 WOULD IN SOME WAYS LIKE TO SUPPORT THE NOTION THAT WE DO HIRE SOMEBODY BUT ALSO IDENTIFY SOME PARCELS IN AN AREA WE THINK COULD END UP BEING THERE AND SEE IF WE CAN MAKE A REAL ESTATE DEAL, BECAUSE THEN I FEEL MORE COMFORTABLE, JASON MEADORS - IS DDA THE PROPER ENGINE TO MAKE THIS HAPPEN FOR ALL THE REASONS WE HAVE STATED? WE'RE THE PEOPLE WITH MONEY AND WE'RE THE PEOPLE WITH THE CULTURAL ENGINE AND ECONOMIC ENGINE OF DOWNTOWN ALREADY IN PLACE. BUT IS THIS THE BEST APPROACH? I DON'T KNOW THAT IT IS THE BEST APPROACH - 1 THINK IT IS A VIABLE APPROACH, THERE SEEMS TO BE A HOLE IN THE MARKET FOR SOMETHING LIKE THIS. IT SEEMS FROM A TIMING STANDPOINT, IF WE DON'T JUMP ON IT FAIRLY SOON, THEN SOONER OR LATER THAT MARKET NEED IS GOING TO BE ADDRESSED SOMEWHERE ELSE - IN BOULDER OR WHEREVER, IT SEEMS LOGICAL TO 00 FORWARD WITH JUST HIRING OUR OWN ADMINISTRATION TO DO THAT. I'M WITH CAREY HEWITT AND LARRY STROUD - IN THAT JUST FROM A CONCRETE STANDPOINT - I AM HAVING A HARD TIME WITH SEEING THE WHOLE PRACTICAL APPLICATION OF IT ALL. THE VISION IS GREAT - 1 CAN COMPLETELY BUY INTO THE VISION - AND I GUESS THAT IS WHERE WE NEED TO HIRE THE ADMINISTRATION IN ORDER TO BE ABLE TO MAKE THIS VISION BECOME A REALITY. SO TO ME HIRING THE ADMINISTRATION IS THE NEXT STEP IF WE BUY INTO THIS AS A CONCEPT. I HAVE PRETTY MUCH BOUGHT INTO THE CONCEPT - I WISH I HAD A LITTLE BETTER HANDLE ON THE WHOLE CONCRETE ASPECTS OF IT, KAREN WEITKUNAT - I AM STRONGLY SUPPORTIVE OF WHAT YOU ARE ATTEMPTING TO ACCOMPLISH, NOTHING BEGINS UNLESS SOMEONE HAS THE VISION TO DO IT. I BELIEVE THE DDA IS THE ORGANIZATION THAT HAS TO DO IT FOR ALL THE REASONS YOU HAVE TALKED ABOUT. YOU HAVE THE MONEY, YOU HAVE THE VISION, YOU HAVE THE DIRECTION AND SOMEBODY HAS TO TAKE THE RISK, IT IS VERY IMPORTANT THAT THE COMMUNITY BUYS IN BECAUSE THAT IS WHERE THE SUCCESS IS, YOU ARE NOT DOING THIS FOR DDA YOU ARE DOING THIS FOR THE COMMUNITY OF FORT COLLINS. THAT IS REALLY FAR REACHING, ONE OF THE OTHER PARTS IS DREAMING BIG, 1 THINK THE COMMUNITY IS READY. THE FINANCIAL ASPECTS WILL WORK ITSELF THROUGH ESPECIALLY IF YOU HAVE THAT COMMUNITY SUPPORT. DDA BOARD MEETING PAGE 7 MAY 5, 2005 Kim JORDAN - I WOULD JUST ADD THAT (AS CHIP WRITES) FRANKLY IT INVOLVES A LEAP OF FAITH. I THINK WHAT WE ARE DOING TODAY IS LEAPING. THERE ARE LOTS OF DETAILS TO WORK OUT IT IS MY HOPE THAT WE HAVE A LONG TERM COMMITMENT TO GETTING THIS OFF THE GROUND AND WE USE OUR DOLLARS WISELY. I BELIEVE THAT WE ARE THE ECONOMIC ENGINE AND THE VISION HOLDERS AND SOMEDAY WE WILL LOOK BACK ON THIS MEETING AND BE REALLY PROUD OF OURSELVES FOR MAKING THAT LEAP. ACTION: ,JASON MEADORS MOVED THAT THE PRESIDENT APPOINT A COMMITTEE TO BEGIN IMPLEMENTATION OF THE CULTURAL DISTRICT PLAN. SECONDED BY MR. WOLFE AND PASSED UNANIMOUSLY. A DDA BOARD COMMITTEE CONSISTING OF Kim JORDAN, STEVE TAYLOR. JACK WOLFE AND LARRY STROUD (AS AN ALTERNATE) WAS SET UP TO EXAMINE ORGANIZATIONAL DEVELOPMENT. CHIP STEINER, STEVE TAYLOR AND JACK WOLFE GAVE A REVIEW OF THEIR TRIP TO CHAUTAUOUA, NEW YORK UPDATES MR. STEINER DISTRIBUTED A LIST OF UPDATES (SEE ATTACHEDI. OF NOTE SCIENCE AND CULTURAL CAMPUS - THE CITY COUNCIL HAS DECIDED NOT TO HEAR THE EXPANSION REQUEST FOR THE NORTH COLLEGE URBAN RENEWAL AUTHORITY AS NOTED ON THE UPDATE LIST. DISCOVERY CENTER - THERE IS WORD THAT THE DISCOVERY CENTER HAS DECIDED TO MOVE TO CENTERRA. MR. MARTY HEFFERNAN STATED HE WAS MEETING WITH THE DISCOVERY CENTER PEOPLE TODAY AND HE WOULD TRY TO VERIFY THE INFORMATION AND GET BACK TO THE DDA BOARD. RULE PROPERTY - THE DDA IS SOLICITING BIDS TO MOVE THE RULE HOUSE AND BARN. MB. LILEY EXPRESSED CONCERN ABOUT THE COSTS AND LIABILITY ASSOCIATED WITH MOVING THE STRUCTURES. SHE CAUTIONED SPENDING THE MONEY IF WE DON'T HAVE A PERMANENT LOCATION IDENTIFIED FOR THE STRUCTURES. MR.STEINER STATED THE STREETB FACILITY IS THE LOCATION WE ARE LOOKING AT FOR STORAGE BUT HE DOES NOT HAVE THAT IN WRITING. THERE WAS A QUESTION OF WEATHER LEE MARTINEZ PARK WAS AN OPTION FOR A PERMANENT LOCATION, MR. STEINER STATED THE PARK$ DEPARTMENT HAS TOLD HIM IT WOULD NOT BE POSSIBLE AT LEE MARTINEZ PARK. DARIN ATTEBERRY OFFERED TO FOLLOW UP WITH THE PARKS DEPARTMENT ON THE LEE MARTINEZ PARK LOCATION. OTHER MR. BLUE HOVATTER AND MR. BASHO PARKS, GUESTS AT THE MEETING, STATED THEY ARE BUSINESS WORKING ON AN IDEA FOR A CINEMA THEATER IN THE DOWNTOWN. THEY TALKED ABOUT DETAILS OF THEIR VISION, ALAN KRCMARIK - UPDATED THE BOARD ON THE FINANCIAL PLAN. HANDOUT ATTACHED. HE HAS PUT TOGETHER SOME PRELIMINARY CASH FLOWS THAT TAKE THE NUMBERS IN THE CULTURAL DISTRICT PLAN AND DEMONSTRATE THE IMPACT THAT IT HAS ON OUR FINANCIAL SITUATION. ADJOURN THERE BEING NO FURTHER BUSINESS, THE MEETING ADJOURNED 1 :45 P.M. Jw4 MEADORS, ECRETARY