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HomeMy WebLinkAboutMemo - Mail Packet - 8/29/2023 - Memorandum From Ann Marie Sharratt Re: Amended Agenda Item Summary (Ais) For The Urban Renewal Authority (Ura) Board Meeting On August 24, 2023 City Clerk 300 Laporte Avenue P.O. Box 580 Fort Collins, CO 80522 970.221.6515 970.221-6295 - fax fcgov.com/cityclerk MEMORANDUM DATE: August 24, 2023 TO: Mayor and Councilmembers THROUGH: Kelly DiMartino, Interim City Manager Tyler Marr, Deputy City Manager Anissa Hollingshead, City Clerk FROM: Ann Marie Sharratt, Assistant City Clerk RE: Amended Agenda Item Summary (AIS) for the Urban Renewal Authority (URA) Board Meeting on August 24, 2023 Attached please find Amended Agenda Item Summary (AIS) for the Urban Renewal Authority (URA) Board meeting tonight to clarify Josh Birk’s title as Acting Executive Director and the recommendation to amend the previously approved January 26, 2023, minutes. August 24, 2023 AGENDA ITEM SUMMARY Urban Renewal Authority STAFF Anissa Hollingshead, Secretary SUBJECT Consideration and Approval of the Minutes for the October 27, 2022 and the February 23, 2023 Urban Renewal Authority Board Meeting. EXECUTIVE SUMMARY The purpose of this item is to approve the minutes of the October 27, 2022 and the February 23, 2023 Urban Renewal Authority Board meeting. In addition, City Manager Kelly DiMartino designated Josh Birks as Acting Executive Director in 2022. Mr. Birks has been referenced as Interim Executive Director and the Secretary recommends amending the January 26, 2023, minutes approved during the February 23, 2023, meeting to replace “Interim Executive Director” with “Acting Executive Director.” ATTACHMENTS 1. Draft Minutes, October 27, 2022 2. Draft Minutes, February 23, 2023 City of Fort Collins Page 462 URBAN RENEWAL AUTHORITY BOARD January 26, 2023 5:03 PM • ROLL CALL PRESENT: Francis, Arndt, Wise, Ohlson, Pignataro, Canonico, Smith, and Stephens ABSENT: Draper, Peel, and Gutowsky • AGENDA REVIEW Interim Acting Executive Director Birks stated there were no changes to the published agenda. One discussion item and no staff reports. Chair Arndt outlined the public participation options. • PUBLIC PARTICIPATION - No public in attendance. One online • Jan Stallones: attending had no comment. • COMMISSIONER REPORTS Vice Chair Wise made a statement that he will be leaving the board at the end of March 2023. Replacement will be from the library board (Fred Colby) with the agreement of special districts. He will be the representative of special districts for the next year. They are hoping to find someone with a business and financial background in selecting with the Library Board. Chair Arndt stated that he will be missed and was a huge contributor to the board and will miss his service. • DISCUSSION ITEMS 1. Albertsons Update. The URA Board gave staff permission to begin conducting due diligence related to potentially acquiring the former Albertsons site in July. Staff have completed the three tasks initially authorized by the Board. Staff requests an Executive Session to share the findings of the appraisals of the three properties along with potential financing options for acquisition. Clay Frickey, Redevelopment Program Manager, did introduce legal counsel Rich Rodriguez. Frickey gave a presentation. He stated in July the Board authorized staff to pursue a couple of tasks related to the Albertsons site. 1. Begin discussions for acquiring the Albertsons site and two adjoining buildings 2. Discuss funding options with City staff and the City Council Finance Committee 3. Conduct a commercial real estate appraisal of the Albertsons site and two adjoining buildings He stated this presentation is to give the Board an overview of the three tasks and where they are at to date with the Albertsons project. A reminder this is the property at the corner of College Avenue and Willox. City of Fort Collins Page 463 He provided background on, and a summary of, the community outreach completed in the Plan Area, products of which were the suggestion for the development of a community hub in the North College area and the identification of the former Albertson’s site at Willox and College as a large impediment to achieving many of the goals for the Plan Area. Summary with property owners. They have been in touch with inline buildings and discussed some redevelopment occurring at Country Club Corners. Both property owners have expressed staying in touch with URA Board and they are curious to see what will happen. Frickey stated the Urban Renewal Authority made several attempts (i.e., letters to registered agents, talking to listing agents, called Albertsons corporate office) to be in touch with the owner of the Albertsons site, a real estate investment trust. No response and no luck. Frickey stated that the Board has had good discussions with City staff about potential funding options back in November 2022. They heard the City staff has the willingness to partner on this potential project. Their preference was to seek private financing options first, then go to the City if those options are not looking attractive. Frickey stated he has been in contact with Bond Council, which assisted with the Prospect South area. Frickey stated he will obtain detailed financial options from Bond Council and they are prepared to provide some options in the future to see what those terms will look like. Last, Frickey presented the appraisals that the Board received for the three sites. CBRE to provide appraisals for all three properties. They have the information and are willing to share it with the Board. Staff proposed discussing finding in Executive Session. • PUBLIC PARTICIPATION - No public in attendance. One online • Jan Stallones: stated she understands that the Board will go into Executive Session. Her question: Is it available to the public and if so when? Interim Acting Executive Director Birks stated the Board is taking comments at this time. Caitlin Quander, legal counsel, stated the plan is to share in the executive session. There is no action being recommended or being taken by the Board. Tonight is a discussion and update item. Based on the Executive Session's feedback, Quander stated that if there is interest, there will be a more robust discussion about what an acquisition would look like at the March URA meeting. What and if necessary, would eminent domain look like and what that process is? Then what the timeline would be to share with the public? Today was the recap discussion of where the Board was from July 2022, then March will be a follow-up with potential action. Commissioner Pignataro asked Mr. Frickey to explain the property owners and what they own. Mr. Frickey pulled up his presentation to show Commissioner the north building and Albertsons Property to show the extension of parking. Three different property owners and one tenant selling outdoor goods. In 1630 North College, there are a few tenants such as HR Block, a hair place, unclear on the last tenant space. Commissioner Ohlson stated he really wants to be there for the discussion and shared he is unclear on how to get to TEAMS for the executive session. Stated he will not be voting to go into Executive Session since he is remote (virtual). Stated he supports the policy. Asked for clarification for Teams. City of Fort Collins Page 464 Commissioner Pignataro gave him some tips. Caitlin Quander, legal counsel, stated if you are ready to take the motion to go into Executive Session, and suggested to add to motion complete the meeting to prevent coming back into zoom to adjourn the URA Board Meeting. Chair Arndt stated that makes for a simpler motion and agreed. • OTHER BUSINESS A. Consideration of a motion to go into Executive Session to discuss the potential purchase or acquisition of real property interests, including eminent domain, to receive legal advice on specific legal questions, and to determine positions relative to matters that may be subject to negotiations related to the former Albertsons’ site. Vice Chair Wise made a motion to enter into Executive Session and added the meeting be adjourned, seconded by Commissioner Pignataro. Chair Arndt thanked everyone and said we will enter Executive Session. RESULT: EXECUTIVE SESSION [UNANIMOUS: 6-0] MOVER: Joe Wise SECONDER: Julie Pignataro AYES: Francis, Arndt, Wise, Pignataro, Smith, and Stephens EXCUSED: Draper, Peel, Gutowsky, Canonico (remote-unable to vote), and Ohlson (remote- unable to vote) • ADJOURNMENT The meeting adjourned at 5:23 p.m. ___________________________ Chair ATTEST: ________________________________ Secretary