HomeMy WebLinkAboutDowntown Development Authority - Minutes - 01/08/1987d do DOWNTOWN �
DEVELOPMENT
AUTHORITY
102 REMINGTON STREET, FORT COLLINS, COLORADO 80524
(303) 484-2020
Regular Directors Meeting
January 8, 1987
The Board of Directors of the Downtown Development Authority met in
regular session at 7:30 a.m., January 8, 1987 in the DDA Conference
Room.
There were present:
PRESENT
George Betz, Chairman presiding
Bill Friedrichsen
Earl Wilkinson
Eldon Ward
Chuck Wanner
Barbara Schofield
Larry Estrada
Staff:
Chip Steiner, Executive Director
Jan Martin
Also:
Alan Krcmarik Pete Dallow
Jim Reidhead Carol Tunner
Dick Beardmore Greg Denton
Lisa Morrison
Absent:
ABSENT
Lucia Liley
Jeanne Abdelnour
George Betz called the meeting to order and asked for approval of the
MINUTES
minutes of December 11, 1986. Barbara Schofield moved for approval
seconded by Earl Wilkinson.
The first order of business was the presentation of Resolution 87-1 of
RESOLUTION 87-1
the Board of Directors of the Fort Collins Downtown Development
Authority thanking all the people who worked on the Robinson Piersal
Plaza campaign. Earl Wilkinson moved for approval of this resolution,
seconded by Eldon Ward. The Board unanimously approved the
resolution.
The next item on the agenda was an update on the downtown land -use plan
and market analysis. Chip Steiner reported that the study has been
underway officially since November. The consultants have met with the
steering committee once, with a second meeting to occur January 9.
The intent of the steering committee is to provide the consultants
with knowledgeable input from informed Fort Collins citizens, and for
the consultants to reconcile this input with the results of hard
data. Staff intends to have consultants bring results to a DDA
meeting and will be asking for Board input at that time.
The next item of discussion was the refunding of the 1985 bonds. Chip
Steiner stated that the bottom line of refunding was if interest rates
stay low a refunding may be sensible. However, a more important
consideration might be changing bond document language to permit
additional parity debt. Staff recommendation was to delay refunding
for further study. Earl Wilkinson moved that the issue be tabled
until the Finance Committee could meet and discuss all the options.
This motion was seconded by Barbara Schofield. There was further
discussion. The question was called and the Board voted unanimously
to table the matter so it could be further studied.
The next item on the agenda was the renewal of the Executive Director's
contract. George Betz stated that the Executive Committee recommended
that Mr. Steiner's contract be renewed one year with an increase of
$2,000 on base salary. Mr. Steiner was complemented for his excellent
performance. Barbara Schofield moved for approval of the renewal of
Mr. Steiner's contract and raise with the contract being in effect
from January 1, 1987 through December 31, 1987, and further moved that
the Chairman be authorized to enter into an agreement with Mr.
Steiner. Chuck Wanner seconded the motion. A roll call vote was
taken and the motion passed unanimously.
Under other business, Mr. Steiner reported that the Linden Hotel
project and the Opera House Block project both passed second reading
of City Council on consent. He further stated that the Linden Hotel
Partnership was still working on financing.
The Board discussed the possibility of having a retreat in April.
There being no other business, the meeting was adjourned.
Earl Wilkinson, Secretary
DOWNTOWN PLAN
REFUNDING 1985
REFUNDED BONDS
EX. DIRECTOR'S
CONTRACT
OTHER BUSINESS
ADJOURN