HomeMy WebLinkAboutDowntown Development Authority - Minutes - 07/02/1987DOWNTOWN �
dda DEVELOPMENT
AUTHORITY
102 REMINGTON STREET, FORT COLLINS, COLORADO 80524
Regular Directors Meeting
July 2, 1987
The Board of Directors of the Downtown Development Authority met in
regular session at 7:30 a.m., July 2, 1987 in the DDA Conference room.
There were present:
George Betz, Chairman presiding
Lucia Liley
Loren Maxey
Barbara Schofield
Chuck Wanner
Eldon Ward
Earl Wilkinson
Staff:
Also:
Chip Steiner, Executive Director
Jan Martin
Alan Krcmarik David Bailey
Dick Beardmore David Herrera
Stella Morris Payne Steve Porter
Greg Denton Joe Lewandowski
Eileen Waldo Kay Rios
Ed Zdenek Jo -an Barnett
(Chairman George Betz called the meeting to order and asked for
approval of the minutes of June 4, 1987. Barbara Schofield moved
for approval seconded by Earl Wilkinson, and the motion passed
unanimously.
Chairman George Betz acknowledged David Bailey and Stella Morris
Payne.
The first item on the agenda was Robinson Piersal Plaza. Chip Steiner
gave an overview of this item including that the developer and Housing
Authority Executive Director David Herrera had come to an agreement,
but the the Housing Authority Board of Directors had not met yet to go
over the various documents and formally approve them. DDA Board
action cannot occur until the Housing Authority approves the
documents.
(303) 484-2020
PRESENT
MINUTES
ROBINSON PIERSAL
PLAZA
Greg Denton, legal counsel for the Downtown Development Authority, was
present to explain the changes with the agreements. The DDA will have
two documents to approve: an addendum to the original contract
reducing the reimbursement to the developer by about $320,000; and an
intergovernmental agreement (transfer of funds) with Fort Collins
Housing Authority to assist in acquisition of air and subsurface
rights which will be leased to developer.
DDA staff attended negotiations and believes the results are
beneficial --especially to the public. The deal is better with the
funds going directly to the Housing Authority and the Housing
Authority gains an additional 7 low-income units.
Dave Herrera told the board that RP Plaza was a unique deal, with many
"players". In fact another new player had just been added to the
deal. Ten documents have been drafted and an llth coordinating
document was being drafted. He stated that so many players caused all
the delays, but that everyone was in agreement in regard to the
substance of the documents. The last step is to approve all the
documents so construction can get underway.
Discussion followed. Director Earl Wilkinson restated the changes in
simpler term as follows: the configuration is the same, parking is
the same, addition of 7 units, the deal is a realignment of funds --
which still end up with the Housing Authority. The consensus was that
everyone was anxious to see this project underway.
The next item on the agenda was entertainment on the 4th level of the
parking garage. The Downtown Business Association is proposing to hold
concerts on the top deck of the parking garage and asked the DDA Board
of Directors, as owners of the garage, for their permission.
Discussion followed. Barbara Schofield moved that the board approve
the proposal from the Downtown Business Association for use of the 4th
level of the parking garage, provided that there was adequate
insurance coverage. Lucia Liley seconded the motion, and it passed
unanimously.
The next item on the agenda was the DDA retreat. The date is set for
,rAugust 21-22. The focus is on immediate and long-term priorities.
Staff asked for board direction on inviting council and city staff,
and on the use of an outside facilitator. Discussion followed.
There being no other business, the meeting was adjourned.
Secretary
2
2
ENTERTAINMENT -
4TH FLOOR PARKIN(
GARAGE
DDA RETREAT
ADJOURN