HomeMy WebLinkAboutDowntown Development Authority - Minutes - 10/18/1984DOWNTOWN DEVELOPMENT AUTHORITY
Regular Directors Meeting
October 18, 1984
The Board of Directors of the Downtown Development Authority met in
regular session in the Council Information Center of the new Munici-
pal Building at 7:30 a.m. October 18, 1984.
There were present:
staff:
also:
Earl Wilkinson, Chairman presiding
Dave McCarry
Ray Dixon
Barbara Rutstein
Jim Reidhead
Art March
Barbara Schofield
Bill Kingsbury, Executive Director
Kathy Field
Chip Steiner
Phyllis Stewart
Lee Ellsberg
Gene Mitchell
Tom Snyder
Karen Waddell
Greg Denton
Tom Hays
Absent:
Chuck Wanner
Dan Larsen
Roger Pomainville
Chuck Mabry
Dick Beardmore
Felix Lee
Glenn Younger
John Schofield
Earl Wilkinson called for approval of the minutes of August 23 and
September ;L0. Dave McCarry, seconded by Barbara Rutstein, so moved.
The motion carried without dissent.
Bill Kingsbury stated that all present and future tax increment is
pledged until the dollar amount available reaches a coverage ratio
of 1.5 to 1 for two years in succession. In response to a question
from Art March asking if such a commitment made financing future
projects more difficult, Mr. Kingsbury responded that a higher price
may have to be paid to issue more debt. For the $8.2 million bond
issue, only those projects on stream or currently identified were
considered.
PRESENT
ABSENT
TAX
INCREMENT
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There were no dissenting votes.
Directors Schofield*d March withdrew. .
r
Chip Steiner reported that the Sidewalk Committee had determined to
fund the Kissock and Schofield projects at $7,500 each. This figure
fell below fifty percent of the cost of additional improvements and
below the $10,000 cap. Additionally, the Committee recommended
funding the installation of tree grates by Parks and Recreation
around Safeway.
Barbara Rutstein, seconded by Dave McCarry, moved approval of
Resolution 84-26. There was no opposition.
Dave McCarry moved that funding of the three projects be contingent
upon approval and appropriation of the funds by City Council. Tim
Reidhead seconded the motion. There was no disagreement.
Barbara Schofield and Art March returned to discussion.
Ray Dixon reported on the General Improvement District. His com-
ments included: tree grates have all been returned to level with
sidewalks; new concrete curbs have been poured; gutters on canopies
in Oak Street Plaza will be installed i.n a few days and completed
within 30 days; Tom Hays will see how gutters work this winter and
during the spring winds before recommencing further installations.
Phyllis Stewart added that Soderberg Masonry recommended larger ex-
pansion joints be added to the paver are�3 and that they be cleaned
and re -caulked to prevent further buckliig.
Dick Beardmore presented a Plaza update. As of today, October 18,
the Plaza is 92% complete. The Grand Opening of the Plaza will be
handled by Old Town Associates in the spring. The minor opening of
the Plaza is to be determined.
Chip Steiner reported on the Parking Garage. As of today, October
18, it is 85% complete. He also reported on the office space and
suggested that a construction estimator from Denver be hired for
estimating the cost of tenant finish and then put the work out for
bid. The Board requested that it not go to estimator.
Bob Lee from Transportation Services reported that Parsons -
Brinkerhoff is asking $2200-2700 to complete the parking plan. Dis-
cussion followed and Director Schofield stated opposition to paying
Parsons -Brinkerhoff for further study.
Tom Hays from Engineering reported that the medians on Mountair
Avenue are well underway and trees are being planted. The mediane
are placed directly over the old trolley tracks to not totally pre-
clude the trolley downtown.
I
The railroad work is on schedule, the utilities have been under -
grounded, and the mainline is being moved.
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SIDEWALK
GENERAL
IMPROVEMENT
DISTRICT
PLAZA
PARKING
GARAGE
PARKING
STUDY
MEDIANS
RAILROAD
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