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HomeMy WebLinkAboutDowntown Development Authority - Minutes - 06/05/1997DOWNTOWN DEVELOPMENT AUTHORITY Regular Directors, meeting MINUTES OF JUNE 5. 1997 REGULAR MEETING The Board of Directors of the Downtown Development Authority met in regular session at 7:30 a.m., June 5, 1997 in the Third Floor Conference Room at 201 South College Avenue, One West Art Center. PRESENT There were presents Stephen Slezak, Chair presiding Bonnie Bixler Szidon, Vice Chair Mary Brayton, Secretary Jason Meadors Chuck Wanner Kermit Allard Greg Belcher Absent: Bill Attwooll Carey Hewitt, Treasurer Staffs Chip Steiner, Consultant Anne Garrison Lucia Liley, Counsel Guests: Rick Goodale, Jay Hardy, Mike Powers, Angela Brayham John Fischbach, Darrin Atteberry, Kathleen Tracy CALL TO ORDER Mr. Slezak called the meeting to order, and entertained a motion to approve the minutes of the regular meeting of May 1, 1997. Mr. Belcher moved to approve as written and Mr. Allard seconded the motion which carried unanimously. Referencing the special meeting minutes of May 21, 1997 Ms. Liley asked that some points be clarified. In expectation of these changes by Counsel, Mr. Meadors moved to approve the minutes and Mr. Allard seconded the motion which carried unanimously. Revised copy of minutes is attached. rl DDA MINUTES PAGE 2 APPRECIATION Mr. Slezak expressed the appreciation of the Authority to Ms. Szidon, and to Mr. Hewitt in absentia. Special thanks also to Mr. Wanner who will continue as the City's representative to the Board, as well as a valid member in his own right. ELECTION OF Kermit Allard was nominated by Ms. Brayton for the position OFFICERS of Chair, this was seconded by Mr. Meadors and the ensuing vote carried unanimously. Mr. Meadows nominated Mary Brayton as Vice Chair, this was seconded by Mr. Allard and carried unanimously. Jason Meadors was then nominated by Mr. Belcher for the position of Secretary, seconded by Ms. Brayton and carried unanimously. Greg Belcher was nominated as Treasurer by Me. Brayton, seconded by Mr. Allard and carried unanimously. MULTI -MODAL Mr. Steiner introduced this topic, sharing that he was TRANSPORTATION part of the consulting team related to the feasibility study in progress, and was "off the clock" for this portion of the meeting. Kathleen Tracy augmented Mr. Steiner's overview and responded to Board questions. A multi -modal center would provide a meeting place for a variety of transportation services including fixed route operations such as service to DIA, charters, taxis and shuttles. To this end, three sites have been surveyed; both sides of Mason Street between LaPorte and Maple and the LaPorte/America lot. Long term parking will not be a provision, and Mr. Wanner felt that cross country buses, airport shuttles and similar vehicles should be accessed from a terminus planned on the south end of town. JUSTICE CENTER Mr. Goodale provided the Board with the following update: REPORT • Hansel Phelps has committed to a $10,000 campaign contribution • Two focus groups are elated to meet on June 9, 1997 • Ballot language is underway from the County, providing groups with some specifics • Committee chairpersons are in place • Intergovernmental Agreement has been drafted, one change to be made stating the City has the option to sell or lease the lot to a non profit organization (copy in Board packets) Ms. Liley explained that the Agreement is more properly termed a Letter of Intent, and would be handled as such except that this is between three governmental entities, so it needs to be an Intergovermental Agreement, in which the parties agree to make a good faith effort to bring to a satisfactory conclusion that which they have resolved. However this is in no way legally binding. The reason for the timing is that the County needs assurance that the parties are committed and that no problem is perceived. Thus the parking component can be eliminated from the ballot proposal. Although this is not the final agreement, it defines the structure for the final document. DDA MINUTES PAGE 3 In answer to Mr successor. It DDA's formation will become the obligations. . Meadors' question as to DDA's legal is the City by Statute as well as by the documents. Thus when DDA sunsets, the City legal successor of all rights and Ms. Liley then responded to a question regarding the non profit organization referred to earlier. A separate non profit organization will be set up which has the ability to issue tax exempt certificates of participation. This will finance the parking garage, and will take either a long term lease or ownership of the LaPorte/America lot which is currently owned by the City. It will also own the parking structure itself. The details have not yet been negotiated, but the City may then enter into a long term lease option agreement with the corporation, make the primary payments to them and at the end of a 20 year period, during which time the debt is retired, the ownership would revert back to the City, that is both the parking structure and the LaPorte/America lot. Parking revenues would be applied to the operation and maintenance of the structure, and if there is a shortfall, City and County would divide those costs between them. When the DDA sunsets in 2006, the lease payment which has been provided by the Authority will be absorbed equally by the City and County. Mr. Goodale provided the Board with a updated schematic which included proposed new office and retail to be located on Mountain, and will be part of the required commercial construction by the private sector, which in addition, will effect an increase in tax increment. At this juncture, Mr. Meadors moved to adopt Resolution 97-3 with the proposed amendment allowing DDA to make any non substantive changes necessary, this was seconded by Mr. Belcher and carried unanimously. PERFORMING ARTS Mr. Steiner referred the Board to the captioned memo CZNTZR contained in the packets. Mike Powers then presented a slide show providing an overview of the study which has taken place. Mr. Powers shared that the consultant's summary had been available for some time, and that the City and CSU had been working together on a variety of options. CSU is on track to build at old Fort Collins High School at a cost of $28,320,000. The City could build on a hypothetical piece of land at a coat of $33,400,000. If the entities joined forces the projected cost would be $57,330,000 a savings of $4,390,000. There was further discussion on operation and maintenance costs. Mr. Powers concluded by saying June through December 1997 is the timeline to identify site options, and that CSU needs a firm decision by March 1988. As the presentation concluded, Mr. Steiner urged the DDA to remain in the information loop with regard to this project, at a level which extends beyond today's initial briefing. LEE MARTINEZ Mr. Steiner recapped the Board's approval to grant money for IGA this project, and in light of the Intergovernmental Agreement which has now been prepared, asked that the Board authorize the Chair to enter into this agreement. By way of update, since the Board's approval, we applied to CDBG and were awarded a grant, however, we have since been advised that these funds are usable only for fiscal year 1997/1998. Since funds do not become available until October 1, 1997 they cannot be used to reimburse a June 1997 expenditure. DDA MINUTES PAGE 4 In discussion with City staff, it appears the best way is to request reprogramming of CDBG funds for use at a later time, and for DDA to make payment from its own resources. Mr. Meadors then moved to adopt Resolution 97-4, which was seconded by Mr. Belcher and approved unanimously. OTHER BUSINESS • Annexation of Walmart - Mr. Fischbach advised that it is coming up for P & Z review in the next month or so. The City staff and Walmart are in disagreement because the latter does not propose to follow City Plan with regard to the parking, and to date, this has not been resolved. Mr. Steiner reminded the Board of its earlier discussion that if this project does not receive approval, then DDA will not pursue annexation. • Bill Attwooll update - the Board awaits his formal letter of resignation. City Clerk's office has been apprised. • The Board decided to allow the July 3, meeting to stand instead of opting to reschedule for July 10, 1997. • Mr. Steiner's consulting contract was discussed, and Mr. Belcher moved to extend it through the end of November 1997, this was seconded by Mr. Wanner and carried unanimously. • Annual retreat will be a subject on the July agenda, September/October timeframe is suggested. • Me. Brayton reminded the Board that the Colorado Brewers' Festival is June 28 and 29, 1997 and limited edition posters are available. • Accolades were accorded Steve Slezak for unprecedented service as Chair of the DDA, who, Mr. Steiner added has spoken eloquently and been present for all meetings. ADJOURN There being no further business the meeting adjourned at 9:15 a.m. Jason Meadors, Secretary