HomeMy WebLinkAboutDowntown Development Authority - Minutes - 01/10/1985DOWNTOWN �
DEVELOPMENT
AUTHORITY
281 NORTH COLLEGE AVENUE, FORT COLLINS, COLORADO 80524
DOWNTOWN DEVELOPMENT AUTHORITY
Regular Directors Meeting
January 10, 1985
(303) f184-2020
The Board of Directors of the Downtown Development Authority met in
regular session at 7:30 a.m. in the Council Information Center of the
new municipal building on January 10, 1985.
Present were:
Staff:
Also:
Earl Wilkinson, Chairman presiding
Chuck Wanner
Dave McGarry
Ray Dixon
Barbara Rutstein
Jim Reidhead
Art March
Barbara Schofield
Dan Larsen, 8:30
Bill Kingsbury, Executive Director
Kathy Field
Jan Martin
Jody McAfee
Curt Smith
Dick Beardmore
Greg Denton
Gene Mitchell
Rich Shannon
Phyllis Stewart
Carol Osborne
Ron Cappello
Ken Bonetti
Chairman Earl Wilkinson called for approval of the minutes of December
20, 1984. Jim Reidhead, seconded by Dave McGarry, so moved. There
were no dissenting votes.
PRESENT
MINUTES
Bill Kingsbury announced that the Parking Garage opened quietly Monday
pending an operating agreement between the DDA and the City holding
the City harmless of responsibility for major repairs to the structure
prior to acceptance of the facility by the DDA. In a poll of the
Board the directors approved the opening of the facility.
Phyllis Stewart told the Board that Parking Enforcement personnel
would be stationed in the garage full time for the first two weeks to
explain the operation of the facility. The fourth level would be
closed, levels two and three are permit only, and the first level is
paid parking.
Jack Russell added that the Parking Commission is forever indebted to
the DDA for giving them the garage.
Jim Reidhead presented Resolution 85-2 establishing the 1985 benefit
package for the Executive Director. Jim Reidhead moved adoption of
Resolution 85-2. Barbara Rutstein seconded the motion. Barbara
Schofield abstained. There were no dissenting votes.
In an update of the Plaza, Dick Beardmore reported that some items are
still on order, scheduled for arrival in mid -February. Bill Kingsbury
added that the heater originally considered for the water feature was
to keep the weir feature from freezing but has been eliminated as the
storage tank is below the specified level and there is greater
insulation. Also, the pumps run at over 100 degrees. The feature
will be shut down during extended cold spells to eliminate water
splashing on the steps and freezing.
Dick Beardmore noted that the DDA is due a refund from the patio areas
around Nicky's and possibly Rooster Cogburn's.
John Bosio has requested a reduction of retainage to $15,000. Mr.
Beardmore does not recommend that the Board agree to this request, but
suggests that the Authority continue to hold 5% of the cost of the
project per the contract agreement - $78,000.
Earl Wilkinson and Art March withdrew from discussion. Jim Reidhead
chaired the meeting.
Bill Kingsbury presented the Board with options for use of the balance
of the funds from the $8.2 million bond issue with a recommendation
that $50,000 be used for the Cappello project.
Following discussion, Mr. Reidhead suggested that the Finance
Committee meet with the Executive Director to analyze a logical future
and provide data to the Board with which to make a decision.
Ron Cappello presented slides of the model of the project to the Board.
Planning and Zoning granted Preliminary and Final approval. The
project will be 43 units comprised of 16 townhomes and 27 condominium
units in the mid rise.
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GARAGE
SALARY
PLAZA
I we _09VM1
FUNDS
CAPPELLO
0
The DDA's participation will consist of purchasing the land from
Russells for $710,000. There will be a downpayment of $200,000 with
the balance financed by the Russells. In a poll of the Board, the
Cappello project is considered of primary importance. Following
further discussion a show of hands supporting the project as presented
with the addition of the $50,000 indicated five for, one against, and
one abstention. Two board members had withdrawn from discussion.
Earl Wilkinson and Art March returned to discussion. Mr. Wilkinson re-
sumed the chair.
Dan Larsen introduced the Railroad Committee's recommendation to util-
ize an Urban Land Institute tear.: to provide a fresh look at the land
made available by the removal of the switching yard. The area to be
considered will be from Mountain to the River, and from Howes to east
of College. The $60,000 to $65,000 cost will be shared equally by the
DDA, the City and Everitt Enterprises for Burlington Northern.
Barbara Schofield, seconded by Chuck Wanner, approved Resolution 85-1
with a maximum figure of $22,000. Ray Dixon was the only dissenting
vote.
Earl Wilkinson requested a memo on the status of the punch list items
and cost of repairs in the garage prior to letting the bid for tenant
finish of the office space.
Ray Dixon moved that the meeting go into Executive Session to discuss
legal matters. Barbara Schofield seconded the motion which carried un-
animously.
When the Board came out of Executive Session, Barbara Rutstein asked
the directors their opinion on the location of the Trolley. Following
discussion the consensus of the Board was to not become involved in
the issue.
M.
J
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RETURN
RAILROAD
EXECUTIVE
SESSION
TROLLEY