HomeMy WebLinkAbout1984-08-27 (Special) Meeting MinutesSPECIAL MEET ING :
COUN CIL CHA MBERS
City o f Eng l e wood , Colora d o
Au gu st 2 7 , 1 984
Th e Cit y Council of t he City of En g l e wo od , Arapa ho e County,
Colorado , me t in spec ial s es sion on Au gus t 27 , 1984 , at 5 :30 p.m .
May or Ot i s , presiding , call ed t he meeti ng to ord e r .
The invocation was given by Council Member Higday . The pledge
of a llegi a nce was led b y Mayor Otis .
Ma yor Oti s as k ed fo r roll call . Up on a call of the roll, th e
follo wing were prese nt:
Council Mem bers Higday , Neal , Vobejd a , Bi l o , Bradsha w,
Ot is .
Absenl: Counci l Member Wei st .
The Mayor declared a quo r um present .
Al so present we r e : Acting City Manager Vargas
City Att o r ney Olsen
Assi s t a nt Di r ector o f Commun i ty
Dev e l opment (Planning ) Ro mans
Deputy City Clerk Owe n
COUNCIL MEM BER BRA DSHAW MOVED TO OPEN THE PUBLIC HEARIN G CO~-
CERNING AN ORDINANCE ON THE ASS ESS MENT ROL L IN CONNECTION WIT H DOW NTOK~
IMPROVEMENT DI STRICT NO . 1 980 -l . Counci l Memb e : Bile sec on ded t he mo -
tio n . Upon a c al l o[ t he roll , t h~ vote r e su lted as follo ws :
Ayes:
Na ys :
Ab sea t :
Council Me ~bers HigCay , ~eal , Vobe jda , Bi le ,
Bradshaw , Oti s .
Non e .
Cou nc i l Me ~ber Kei st .
Th e Mayo r dec l areb th e motion carried .
August 27 , 19 8 4
Page 2
Ma yo r Oti s asked if ther e wa s anyon e pr e s e n t wi s h i ng t o s pea k
i n fav or o f t he ord i nance . Th e r e wa s no one .
May or Otis a s ked if th e r e wa s a ny o n e pr e sen t wi s h in g t o spea k
a gajnst the or din an ce . Th e re wa s no one .
COU NCIL MEM BER HIG DAY MO VED TO CLOSE THE PUBLI C HEARIN G. Coun -
cil Member Bi lo s e c onded t he mot i o n. Upon a c a l l o f th e r oll , th e vote
r e su l ted as f o l l o ws :
Ayes:
Na ys :
Ab s e nt:
Counc i l Memb e r s Hi gd ay , Nea l , Vo b ejda , Bi le ,
Bradsha w, Ot is .
None .
Co uncil Member Wei s t .
Th e Mayor de c la r ed the mo t i on c ar ri ed .
ORDlNANCE NO . 28
SERIES 0 f 1984
BY AUT HOR I TY
COUNCIL BIL L HO. 29
I NT RODUCED BY COUNC IL
~E MB ER BRADSH AW
AN ORDINA NCE SU PPLEMENTI NG ORD I NANCE NO. 71 , SER I ES OF 1981 , F I NALL Y
PAS S ED AND ADO PTED 0~ OCTOBER 19 , 198 1, AND PROVID I NG FOR AN AM ENDMENT TO
THE ASSES SM ENT RO LL I N CONNEC TIO N WITH DOWNTOWN IM PROV EMEN T DI STRICT NO.
1980 -1 , IN THE CI TY OF ENG LEWOOD , COLORA DO .
COUNC IL MEM BER BR ADSHAW MOVED TO PASS COUNCI L BILL NO . 29 ,
SE RI ES OF 198 4 , ON FINAL RE ADI NG. Co un c i l Me mb e r Vobejda seconded the
mot i on . Upon a ca ll of the r o ll , the vo te r e su lted as fol l ows :
Ayes :
Nays :
Abs ent :
Co unc il Members Higd a y , Neal , Vob e jda , Bile ,
Bra dshaw , Otis.
None .
Council Mem ber Wei st .
The Mayo r decla red t he motion carried .
COUNCIL MEMB ER NEAL MOV ED TO OPEN THE PUBL I C HEARING CONCE RKI~~
AN ORDINANCE ZONING NEWLY ANN EX ED PARCELS OF LAN D KNOWN AS THE ARAPA HOr
COUNTY FAIR~RO UNDS . Co uncil Mem ber Bi l o seconded t he mo tion. Upcn a
call o f th e roll , the vot e r es ulted as f o l l ows :
AU <Jllb\ 27 , 1984
Pa ge 3
Ayes :
Na ys:
Ab sent:
Co uncil Members Higday , Neal , VobeJda , Bi la ,
Bradshaw , Otis .
None .
Council Member Weist .
The Mayor d e clar e d th e motion carried.
Do rothy Rom a ns, home add r ess 36 00 So uth Bannock , Assistant Di -
rector of Community Developme nt in the Planning Divisio n , appeared b e fore
ou ncil. Under o~th , Ms . Romans stat d the p•·rpose o f t h e he ari ng was to
c o nsider the o ni~g of t wo p ~r cels of la nd that was a nn ex ed t o the C ity
o! Eng:ewood o; Or i n ance No . 1 , a n d Ordinance No. 7 , Series o f 198~.
Mr . Po ma n s f 'i ter t:d copi es of th e a nnexation ordin a nces in t o t:he r eco:d ,
p u b lishe rs a. d dav'.ts of the l r gal no ices in the Englewood Sentinel, and
t he certifi cation of po·ting c t 1~ sign s . Ms. Ro mans s tat e I th e Pla ~n i ng
and Zoning r.c :nmi s e;;o.1 held a public he aring on this ma t t er c:,.1 June 2E ,
l 98~. Ms . Ro:nans -1~~' ,:1.) it wa s r ecommended th at the la ne ',:,c z o ned B -2
w1th th e ~·•c e ~ion o L~rtain areas for R-3 . ~s . Rom~ns noted R-3 u ses
we r e permii,:; 't•1 1,• -.n th \.! B-2 .
:~s . Sue King , Se n ior Pla n ner, the n preseri '.::e d sl 1des of the sJt..-
ject arf-'a . ~s . King test i fi ed hci statements o : the sl i d es w r e t ru t: ond
th a t t,er e were 108 sl ides .
Ms . Roma n s stat ed zon i n g was the first step i n th is process.
The tw o !urther steps were subdi viding the pr oper ty and e val uatin g a
planned deve lopme nt , t he latter requiring a pub .ic h ea r ing .
Ks . Romans ans wered variou s que sti o n s !rem Counc i l .
Rumans app ro\'ed the subm is sion of the slid es , the d r a w1r.~r ,
a nd th e ;,1· .. nning and Zon i ng Co mmi ssion 's rep crt i n to th e reco rd .
There we:t no othe r que s ~io ns of Ms . Rom an s tt this ti me . ~C\'Cr
Otis ask~d if there was anyo ne ~1shing to speak in f avor of this or~1 --
na r.ce .
•· Sak dol , horre addres s 59 9 1 Soutr. High Co urt , Li tt le ton , I
busin1;ss , ,_ress 2: East Pan ama Dr iv , Little on , came fo rw ard r ep r e::-
sen t1ng th Arapahoe Cocnty f ai r Association . Under test1wony , ~:.
s ~,kdol sated the Association supported the proposed zoning .
Donald Poli ne , 740] E~st Lona Ave nue , the Divis io~ Ma n a o e r fot
M.,l. Broc k & Sons , calT'e f o n,:a r d . Und~r t estirrony , Mr. Poline st a :ed h·~
com p a ny was p leased th ~uhject property has 1n oved i~to the zoning ph a Fe ,
Mt . Po1i n e s t a ted th e ~~Jor accomplis hment s o fa r w&~ th e s1gning ut ::,~
Aug ust 27 , 1984
Pag 4
development guidelines . Mr. Poli n e stated he was p leased with the c o-
operative a nd posi tive of the City 's st aff , Mr, Poline stated h e was
surprised at the P lanning Commission's r ecomme nd a tion of the R-3 zonin g
on the dri ve -in theatre site . He stated he was info r med by the Pl anning
staff that if his conclusion was that R-3 was not f ea s ible, he c o ul d ccme
back to Co un cil at a la te r date , at PD time , a nd r ecomme nd a cha ng e . Mr .
Poli ,e stated h oweve r at this t1me he recommended p r oceeding wi th appro v -
al on th e propos ed zoning .
Counc i l Member Higd ay s tated the request for zon ing a p peared to
hi m to be some,•ha t d ifferent than discussed a yea r ago, There appeared
to be less resiCe ntial .
Mr. Poline res pond ed the first discu 5s ions we r e prelimina r y and
wi thout his company look ing at th e site. Mr, Pol ine stated th i s zonin g
places a bu f fe r t---t ·,een resid en t ial area s . Mr. Po line seated th e B-2
a llows for R-3 u!es a nd this flexib i li ty may pro v e favo r able dependin g on
what mc::ket analyses repo rt.
Cou ncil Membe r Bile ask ed Mr . Pol in e wh at ~e r e t he te n tati ve
d evelopmen t plans in relations hi p to commercia l and r e sidential at this
pa rticul ar time, percentage-wise .
Mr. Poline stated he was unable to answer because t hey were in
th e preliminary d es ig n stage s .
Counc il Me mb e r Bi le r efe r enced his nota t ·on s dat ed November 3 ,
1983 which s tated the assumptions wou l d b e appro ximately 70% for r esi -
dential and 30% fo r commercial and /or offi c e space .
Mr . Po line stated he prece iv ed a good d eal of resid e ntial in the
ar ea , but until he c o uld present specific PD pl a ns whic h havP to evol ve
o ve r a period of time , he wa s unable to ans wer Mr. Bile's quest ion .
Coun cil Member Br ad s ~a ""· recalle d a ye a r ag o Mr. Poline indic c :eC
the development would not be uolik e Heath er Ridge . Ms . Brad shaw st ated
her conre rn was that there be re siden t i al p laces in En gle wood t hat would
provide housing fo1 peo pl e with ch ild r en f or sch ool s . She di d no t see
this happe nin g on th e south portion under the ropo s eC z o ninc . Ms .
Bradsha w stated she sa~ a ch ange in philos o phy in ~hat was di scus s e d a
ye a r ago .
Mr. Poline st ated he s a ~ opportuniti s and flexibilities o !
mixing in re sid ential ; however , it was too preli rr~na r)' to tell if t he
possib i lity x1sted fo r si ngle fam ily .
Council Membe r Bradsha w as ked Mr. Poline t o l ook at the R-3
development called Hun er 's Run .
Au g u s t 2 7 , 1984
Pa9L· 5
Mr. Poline stated they hav e cont r acted wit h Dav id Jens en Associ-
a tes to assist in design ing t he proj ect. Mr . Po line sta ted Mr . J e ns en
was pr e sent should Counc i l hav e a ny questi ons .
in .
Ma yo r Otis advised wait ing un til th e pla nn ed dev elopme nt came
Cou n cil Member Bilo asked what was the ti meli ne on the
Mr . Poline stated h e planned t o pres e nt plans within si x wee ks,
~r . Po l ine stated he un derstood the Ar apahoe County Fa ir Association had
~,quested Cou ncil to evok~ th e eme r ge ncy claus e on the ord i nanc e so t hat
r r,t.• 1 n 11ng would be i n .3:! at t h is second reading .
Council Member Br a~r r.aw expres5ed her disappointment th at no
S! c ifi c plans were ~·,. i l able at tnis me &t ing .
Th Ere was no one else to sp eak i n f av or . Mayor Otis asked i !
th e?. wa s any on e t o spe al· aga ins t t he ord i nance .
l.e c· r.1ayne .; "'i.,,ler , 3~2 6 Sout h Pennsylvania , came fon,;ard . Und er
testi mo ny , Mr. Fowl e r stated i t was his understand i ng th a t Mr . Sakdo l
resi g ned from th e Ar apahoe Cou nty Fair Association a nd asked how Mr.
S a kd ol could be their r e pr ese nt ~tive a t this meetin g . Mr . f ,wler aske d
why 'h p develore r id no t ha ve a ny plans . Mr . Fowl er cont ended the
Ar apahoe County Fai r Association sta t ed the l a nd could not be used f o r
a nyLh i ng b ut th e fair. Mr . Fowle r presented a co py of a deed dated
February 13 , 19 17 wher e the Arapahoe Count y Fa ir Asso ciation , I nc deed ed
p roperty to the Arap ah oe County Board of County Commiss i one r s .
Mr . Fow ler was unawar e of a ny pu b li c hea rin g he ld on ann e xin g
the land to Lhe City o! Engle~ood .
Mr . Fo~l er st a ted he was afr ai d his taxes wou ld increase. H0
did not want to see t he f air mo ve. Mr. Fo ~ler ask ed why no t mo~e th e
fair go und s to the old race trac k.
Council called Mr. Sakdol t o resro nd to Mr. Fowler's quest ion ~s
t o how he (Mr . Sakdol) could rep res en t th e f a irgrounds assoc iation at
this m~etin a , ~hat WbS ~h e natu r e o! his capa city , ~nd ~a s it t:ue th ~L
he had resigned .
P.r . Sakdol s tated he was formerly a mem::> r o ~ Board of Direc ~o.,
of he Ar a pahoe County Fair Association. Khen the Associ ation hi re d h,r
as project manager for t he developme ~t o f th e now fai rgro un ds and th t
r~ce tr ac k , t hey also desi9~ated him to handle the sale , etc . thu s he
~ec ame the pe rs onal representati ve for th e Associ ation as app oi nted b~
the Board . Mr . Sakdol stated the c a p ac it y continued t h rou gh this mee t -
in g . Mr . Sakdol stated th e old race tr ack (Centennial) was so ld to oLhu
llu gust 27 , 19 84
Page 6
l a nd developers and the /\ss oci a tion ne ver had interest by way o f own e r-
sh i p . Mr. Sakdol st at ed the r eason behind the fairgro un d moving elsewher e
wa s because the fair needed suppor t from a revenue source. Mr . Sakdol
cl a rified th e Ara p a hoe County Fair Association was not part of Ar a pahoe
County . Th e /\ssoc iation was a non-p rofit agency and over th e y ea rs it
has been subsidized by the Counly . /It the new loca tion the County would
no longer subsidize the f a ir; a nd therefore , no tax dollars would be
involved. Rev enue support woul d come out of the ra ce track a nd oth er
devP)o pm e nt s on the prope rty acquired by the /\ssoci ation. Mr . Sakd ol
stated the fair would b e held at th e new site next yea r with essen t iall y
th e same format.
Mr . Sak dol st ated al l moni es der ived from the profit of the ra ce
tr a ck wou ld go b ack i nto th e comm unity thr oug h the development of var ious
f ai r facil it ies, e.g. 4-H activities . Rather than be a t a x burden on t he
residents of Ara ~ a h oe Co u nty, it woul d be a n ass et .
I n r espon se t o Council Member N'1al 1 s que!:=tion , Mr. Sakdo l st ated
he (Mr. Sakd o l) had no p e rso na l inter e st in how the Ci t y of En glewood
z on ed the subjec t pr ope rty . Mr. Sakd ol added if the City zoned the l a n d
inc on sist ent with t he agreemen a nd for som e r easo n the sale would not
clos e , Br ock Hom e s had an opti on to walk away f r om the deal and the
1-.ssociau.-,n wou ld get the propert y b ack . Mr . Sakdol stated in t hat r e -
spect he wo u ld be highly int erested in it bec a use as pr oject ma na1 er it
would be his r e s ponsib il ity to do somethi ng with the prope rty.
Mr. Sa kdol confirmed he had no personal i nvolvement in th e fu -
ture development o[ t he property .
Mr . Poline r eturned to r esponded t o Mr. Fowl e r's question i n
that if Brock Homes had sp ent Sil mil li o n t o date why no plans . Mr .
Poline sta ted it would not b e proper to br ing plan s to the meeti ng
that concerned z onin g .
Mr . Fowl er approved th e submi s sion of the a f oreme ntioned d ee~
into th e r ecord .
Lar ry McClimons , 5345 Sou th El mwood , c ame forward . Under o a~h,
Mr . Mc Climons stated he li ved di r ectly south o[ the subJect prope r ty .
Mr . Mc Cli mo ns stated he was under the imp r ession the developer was tr~·in ;
to r us h t h i ngs through ; the results of which ma y not be re a lized . Mr .
Mc Climons expr ssed con c e rn about the possibility of masses of peo pl e
living in the ne wly annexed land. Mr . McCli mons questioned g iving th e
deve loper a wid e range of zoning choices , wh o ha s chang d his id eas wi~~-
i n a ye a r. Mr . McClimons asked Council t o r eco~sider the lack of lirr i ts
being pl aced on th e de velo per .
Council Membe r Ne al asked Ms . Romans for clarification on t he
number of un i ~ perrritted on an acre .
l\u g LJ s t 27 , 19 8 4
Pa ge 7
Ms. Romans respo nde d 40 u ni ts per acre was the maximum.
Ms. Ro ma n s r ead f r om th e Compreh e nsiv ~ Zo nin g Ord inance whic h I
requi red th e City to zone newly annexed land within 12 0 d ays , Mr. Roman
st a ted zoning of this subject property could no lo nger be postponed. '
Council Member Ne a l pointed out that the e mer ge ncy clause i n
thi s ordina nce d i d not e 1:mi nat~ any public inpu t or hearing process.
Mr. Neal s ta t ed th e rin ly l;,in~ i t did was eli mi n ate th e 3 0 d a y pe ri od
aft er publ i shi ng,
Cl y d • ,;19 q,~ , 497 5 Sou t h Inc a , c am e forward. Mr. Wi9 ,,. J pu,-
v i ded Le s timo1 y _ ·;':";,· 1 r. i ng Cn u nc i 1 's recognit io n o f the c h a nges by tt1<.>
develop e r wher e b, \ ' tas iden tial d e nsi ty a ppea red red uce d . Mr. Wig g:~s
urged Coun c il to ta ke t~ei • t i me wit h the develope r until the plans were
wh a t th ey wa n ted .
Counci l Membe r Higday notea t he zon i ng co uld be ch a ~ged .
Mr . Wi ggins asked wh at was goi ng to be done about tr affi c .
Co~ncil Member Br a dsh a w st ated that would b e part c f the pla~n e c
develo pm e nt .
The r e was no one else to speak on the ordi na nce at this ti mE.
COU NCIL MEM ?ER HIG DI\Y MOVE D TO CLOSE THE PUB LI C HEhR ING , Cocn -
cil Mem ber Brads ha w seconded th e motion. Upon a c a ll of the r oll , th a
vote res u lt e d a s fo llow s :
Ay e s:
Na ys :
Abs en t :
Council Mem::>e rs Higday, Neal , Vob ej d a , B ila ,
Brad s ha w, Otis .
No ne .
Counc i l Memb e r Weist .
The Mayo r decl a r ed the mot i on car ri ed .
ORDIN I\NCE NO . 35
SERI ES OF 198 4
BY AUTHO R! ':Y
CO UNCJL BILL NO. 31
INTR ODUC ED BY COU NCll
MEMBER BjLO I
I
Au gus t 27 , 19 •.,
Page 8
AN ORD INAN CE zrN •~G NEWL Y ANN EXED PARCELS OF LAND TO THE CITY OF ENGLE-
WOOD , ARAP AH OE '.'(I IJ NT Y, STA TE OF COLORADO , FRO M AN UNZONED CLASSIFICATION
TO R-3 , HIGH DEN EI TY RESIDENCE , AND B-2, BUSINESS , AND DECLARING AN
EM ER GENCY.
COUNCIL MEM BER BIL D MOVED TO PASS COUN CIL BILL NO. 31 , SERIES OF
19 84 ON FINAL READING . Council Member Hi gday seco nded the motion.
Council Member Neal stated he wa s in favor of the ordinance on
th e basis of ti,,, ;imo unt of effo rt and compromi se amo ng p art ies put int o
r ea lizing what ~o ould happen to the prope rty . Mr . Nea l stated there were
c e rt a in t hi~gs he wou ld l ike to see developed wit h this l a nd, but re al -
ize d i t co uld no t be enti re l y r es iden tia l because the land was t o o val u -
able . Mr . Ne al stJted ultim a tely the tr a ffic problems cou ld b e resol ved
a nd Englewo od wa ~ fortu na te t o be i n th e pos iti on it wa s in ~
Cou nci l Mem ber Higd ay spoke i n favor o f t he or dina nce. Mr.
Higday •=ated i t did not bothe r h im that no pl a n ne d de velopment exist ed .
Mr . Hi gday pointed out the times that th e do wntow n de ve l opme nt ch a nged
be ca us e of ma r ket an a l yses . Mr. Higday no ted if the market a n alyses show
t her e sh o u ld not be as muc h r e sidenti a l area as desi r ed the n s o met hin g
else wou l d have to be done . Mr . H"gday stated Littleto n h as agr eed this
concep t wa s com p atibl e wit h the i r Cit y even thou gh the re ma y b e some
citize ns who di s agree.
Cou ncil Me mber Brad s ha w s tated th e planned dev elopment was t he
c ont rol ove r the pr oject, a nd sh e wo uld hound fol ks ,!bout R-3 t o ma k e
sur e any deve lopm e nt go i ng i nt o Englewood or Li tt leto n did not adverse l y
~ffect re si den tial or park area s .
Co un ci l Member Neal s upp orted Counci l Member Br adsha w's conc e rn
over the buffer z one t o the no r th s ec tion. He wo uld not support a ny
r a dical dep a rtur e from the friendly -u s e borderin g that part .
C~un c il Member Bilo stated the ration ale beh i nd his questions
was to show concern which the de ve loper needed to un de rs tand .
Upon a call of t he roll , th e ,·ote to pass Cuuncil Bill on f i n al
r eading resulted as follows :
Aye s :
Na ys:
Abse nt :
Coun cil Me mbers Higday , Neal , Vob ejda , Bi l e ,
Bradsh a w, Otis .
Council Mem ber ~eist .
Th ~ Mayo r a ~c lared the motion car r ied .
Auqu s t 27, 1984
Pa') 9
Council recessed at 7:00 p .m. and reconvened at 7:1 0 p .m.
a ca ll of the roll , the followir.g were present:
Council Members Higda y , Neal, Vobe j da, Bradshaw , utis .
Absent: Council Membe rs Weist , Bile .
The Mayo r declared a qu o rum p re sent.
Council Member Bil o entered the me e ting at 7 :1 5 p .m.
COU NCIL MEMBE R BlLO MOVE D TO OPEN TH E PUBLIC HEARING TO
CO NSIDE R /\N ORDINANCE AUTH ORIZ ING THE I SSU AN CE OF lNDUS1'RlAL REVENUE
BON DS . Council Membe r Neal s eco nded the motion . Upon a call of the
roll, th e vote r esulted as f ollows:
~.yes :
Nays:
Absent:
Counc il Membe rs Higday, Ne al, Vobejd a , Bilo,
Br a d sh a w, Otis.
Non e .
Cou nci l Me ~be r Wei st .
The Mayo r decl ared the mo tion carried .
Ste ve Bell , Hani fen I mho ff , appea red b ef ore Counci 1. Under
testimony , Mr. Bell stated the p urpose of meeting and p 1J b lic !1earin9 ,.,:a s
co mee ~ t h e requirtment enfo rced b y t he Tax Equity a nd Fisc a l Re s po ns:-
bl lity /\ct whi ch ma ndated that a n y i ssua nce a nd sale of industrial de-
v lopment bond s must be ac comp an ied by a public h earin9 for that mu ni c i -
pality . Th is hearing wa s to c onsi d er ind ust ri a l developm~nt bo nds t o b e
i s sue d on b ehal f o f t h e bo rr ower, Engle,,.rnod Redev elopers ,' .. ,;, a Col <.:tiidO
limited partnership fo r c o ~s ruc ti o n of the King Soope rs Pln z a pr oj r c t .
Mr. Bell star.e a one cr1tical item for this typ e of i nd ustrial dev El or :-,c ~it
b o nd issu e was t he cre Cit enha nceme ~t fro m Silverado Sav i nas i n the fo r ~
of a lett r of er d i t . Mr . Del l st a i ed he had recommend t-d.prev iou s :.,·
a pprova l of author iza tion o[ issuanc e and sale when t he lelter o[ ct c~,t
w?.s c omrri tted a nd in h a nd . Th e l e tt e r of cr ed it was un avai l able a t L. :1·
mcct 1r.3; ond he r e =omr.e nd ed df'l a yin g t h e hear i nq o a l a t er c a y of :n i •
wee k al ¥:h ich t i me tht:. l ette r ,,, ·l d be avai labl e . .
Henty Bu r g wyn , B ady Corp o ra t ion , 72 7 Mo nroe Street, came !u:
wa rd . Und et oa t h , Mr. Bu r g ~y n discussed the Kin 9 Soopers project a nf t h
mannf-: in w:.i c h th e b on.:l p 1 occ,erls wot:l d b e a p p1 1e d . Mr . Burg ...,,yn s t r~C-"U
t hP p :cJe C should g ne r ~~0 appror1 ma tely 11 0 ne w jobs and th e City ~i:5
Au gust 27 , 1984
Page 10
pro jected an in c r ease of $250 ,0 00 i n prope rty a nd sales t a xes f r om the
project. Mr. Burgwyn stat ~d the b ond issue wa. d i ffe r ent from others in
th a t the lend er , Sil verado Savi ngs, h as agre ed t o make Brady a c o nv en -
tion a l co nstr u ct ion lo a n of $9 ,000,000 a nd th e bond proceeds would be
us ed to repay the c onstruction loan nex t spr in g when the proj e ct was
comp l e te. Mr . Bur gwyn state d King Soop ers wa s scheduled to open for
oc c upancy a nd sal es the l a s t da y of Ja ua ry or first d ay of Februa ry,
1985 . Mr . Burgwyn st ated th e parties we r e a nx io u s to cl os e t he construc-
tion Joan the latt er pa rt of th e week a nd b eg i n r epayi ng s ome expe ns e s
thu s f a r.
Council Me mber Brads haw as ke d wh y the delay , no t ing Council h as
h ad delay s wi th the Brady Corpo r ation on several hearings.
Mr , Burgwyn stated the let ter of c red i t was t he i mportan t i ng r P -
di e n t o f th e bond is sue . S ilverado indi c at ed on Friday a will in g ne ss t "
pro ceed . Mr. Burgw yn st a ted p a rt o f t he dela y was arr i vin g at a specif :c
intere st rate a nd the need f o r two more da ys to mar ket t h e b on ds throu g ..
Bo e ttch e r . Mr . Bu r gwyn sta ted they pl a nned a r o un d t h is meeti ng , b ut
unfortunately mi ssed it by t wo da ys,
Co unci l Member Br ads haw stressed th e need t o set re al ist ic d ates
in the :utu re .
COUNCIL ME MBER NEAL MOVED TO CONTINUE 1-H E PU BLIC HEAR I NG TO 5: 00
P .M . ON WEDNES DAY , AUGUST 29TH . Council Member Hi gday s econd e d the mo -
tion, Upo n a ca l l of the roll , the v ote res ul ted as follows:
Ayes :
Nays:
Abs e n t
Council Membe rs Hig da y, Neal , Vobejd a , Bil a,
Brad~haw , Oti s.
None .
Counc i l Member We ist .
Th e May or decla red the motion c ar r ied.
Council recess e d at 7:25 p.m . o n Mo nday , Augu st 27 , 19 84 ; and
r ec on vened at 5 : 15 p .m. on August 29 , 1 984. Upon a call of the roll , t he
followins we re pres ent :
Council Members Higday , Vobejda, Bile , Brads ~a w , Otis .
Absent : Counci l Membe r s Neal , Weist .
The Ma yor declared a quorum present .
Al so p res ent were : City Ma n age r Mcc own
Assistant City Manage r Var~as
l\u gu r.l 27 , 19 84
Pag <' 11
City At torne y Ol sen
l\ssista n t City Man ,ge r f o r Economic
Deve lopment Po we rs
Depu ty City Cl e r k Owen I
COUNCIL MEM BE R BR I\DSH I\W MOVED TO CONTIN UE THE PUBLIC HE/IR ING 01'
THE !SSUI\NCE OF I NDUSTRII\L REV ENUE BO NDS . Co unc il Mem be r Vobej d a s ec -
onded the mo tion . Upon a call of the r o ll, t h e vote r e su lted as fol -
low s :
/\yes: Council Me mb ers Higday , Vobejda , Di lo , Bra dsh a w,
Otis .
Kays : None .
l\bs ent : Counc il Mem b e r s Neal , Weis t.
The Mayor d ta red th e moti on ca rried .
Ma y o r Otis ~:k ed i f there was ~nyone else wi s hing ~o spe ak co
Counc ~ 1 on the subjec. o rdi n ance .
Steve Bel l , r eappea red befo re Council. Mr . Be l l r rca l lec t ha:
passa ge of the bo nd or dinance ~a s co nditional upon surety o& an i rr ev oc -
able l etter of cr edit a nd a s urety p o l icy by Ind ust rial In de ~nity Co r -
poration. Mi . Bel l s ta ted th e s u r ety polic y d id n ot ex i st , but the
letter of c redit from Sil verado S~vi ng s did a nd p rovi ded adequate se -
cu ri ty for :.:he b o nds . Mr . Bel ! stated he received the commitmen t and
lette r o : credit from S i l verad o Banking o ut l ining the i ssuance of a
59 ,00 0 ,000 letter of cr e dit . Th e b onds wo uld c e issued i~ the a moun ~ c:
S9 ,500 ,0 00 , and the additio nal S500 ,0 00 wou ld b e s cu red by a fund ed
rese rve f r om bond pr o ceeds . ~r. B~ll stated $360 ,000 of bo nd pr ocee·s
an d t he i n te r est earned wou l d be set asi 1e fo r reserve pl edge d t o th e
repayment of the ter m L::o nds . Mr . Bel l recommended passage of t r.e orC :-
na nce .
Mr . Bell exp!ai ~ed the lette r of c r edit wou ld be in ef fect a t
tt1e c l osing when bonds were actual ly au:ho rized and delivered . If t~~
letter o f credit wa s ~ct exe c ut et conc~rre n t l~ with the c l osing doc u~r ~t
th n the offi clb ls of the Ci ty wo~ld net sign the delivery cert if1ca :-.
There ~er e no further c omments .
COUK:IL KEKOEP BRAD S H~~ MOVE D TO CLOSE THE PUBL I C HEARIKG .
CounciJ Me mber Bile scc.Jnded t he mo tion . Upon u c a ll o f t he r o ll , • ... ·r-
vo te resu lted as follo•,,:s :
Council ~embe r s Hig~ay , Vobejda , Sil o , Bra dsha ~,
0 1 is .
I
Au 'J "st 27 , 1984
PPgc, 12
Nay s :
Absent:
None .
Counci l Membe rs Neal, We ist .
The May or de c lared th e mot ion carried .
ORDINANCE NO , 36
SERIES OF 19 84
BY AUTH ORIT Y
AN ORDINA NCE AUTHOR I ZING THE ISSUANCE AN D SALE OF S9 ,soo ,ooo CIT Y OF
ENGLEWOOD , COLORADO , IND USTRI AL DEVELOPMENT REVENUE BONDS (Kl ~G SOOPERS
PLAZA PR OJ ECT) SE RIE S 1984 , TO FI NANCE PROPER TY S UITA BLE FOR USE ?OR
CO MM ERCI AL OR BUS INESS ENTERPRISES ; RATIFYING CERT AIN ACTIONS HERE TOFORE
TAKEN; . JTHORIZING 1'HE EXECUTI ON AN D DELIVE RY BY THE CITY OF A FINANC ING
AGREEMENT , IN DENTURE OF TRU S T , BOND PURCHAS E AG REE MENT , IND UCEMENT
LETTER , FINAL OFF ICIA L STATE MENT, SAID BONDS AN D CLO SING DOCU ME~TS IN
CONNECTI ON THEREW ITH; AN D REPEALI NG ACTI ON HERETOFORE TAKEN I~ CONFLICT HERE k'lTH ,
COU NCIL BILL NO. 35
INTR ODUCED BY COUK IL
MEMBE R NE AL
COUNCI L Mt.MBER BILD MOVED TO PA SS COU KC!L B.LL NO. 35 , SERIES or 19 8 4, ON FINAL READING . Council Member Vobejda s econded t he mo ion .
Council Memb er Weist e nter ed the me et ing at 5 :25 p .m.
Fr ed Ma r l enthal , Kutak Rock & Huie , 07 Seventeen th St reet , came forwa r d . Under oa,h , Mr. Mari e nth a t ask ed Counci to appro ve he secon ·
re ad,~g of th e b o nd o rdin a nce and a res o lu t ion se ting fo r th t~e interest r ate at 10.0 00% p er an nu m.
Upon a c all o f the rot], the vote on Co uncil Bill No . 35 r e -sulted as f ollows :
Ayes :
Nays :
Absent :
Cou~ciJ ~er:,~ers l'igday , Vobe j da , Weis , BiJo , Bradsh a,,.,, Otis .
None .
Council Me~be r Neal .
The Ma yor decl a r ed the mo :ion c a rried .
RESOLUTIO N NO, 3 3
SERIES OF 1 98 ~
Au yus t 27 , 1 9 8 4
Page 13
A RES OLU T I ON AUTH ORIZ ING THE SALE OF THE CITY 'S INDUSTRIAL DE VELOPMENT
REVENUE BON DS (KIN G SOOPERS PLAZ A PROJECT) SER I ES 198 4; PR ESCRIB ING CER I
TAJ N DETAI LS CONCERNING SAID BON DS ; RAT IFYIN G THE FOR M OF THE INDENT URE,
OF TRUST, THE FlllAN CING AG REE MENT, TH E IN DUCE MENT LETT ER, TH E FINAL OF F
C!AL STATEMENT AND THE BOND PURCHASE AGRE EMENT TO BE EXECUTED I N CONN EC
T!ON THEREWITH AND OT HER MA TTERS ; AND PR OVIDI NG THE EFFECTIVE DATE OF
THI S RESOLUTION .
Council Mem b er Bilo noted rece ipt of all the necessary documtnt s
t hat were ne ed ed t o c o n t in~e t he heari ng.
COUNCI L MEMBE R BI LO MOVED TO PASS RE SOLUTION NO. 33 , SE RIES OF
198 4. Co uncil Me mber Higday seco nded the motio n . Upon a call o f the
roll , t he vote re su lted as follows:
me et in g .
Aye s :
Nays:
Abs e nt :
Cou nc il Members Hi gday , Vobej da , Wei se , Bilo ,
Bradshaw, Otis .
None .
Co uncil Me mb e r Neal .
The May or declared the motion carr ied .
There was no fu rth er business d ue J t he spec ia l sta tus of t he
COUNC IL MEMBER H!G~AY MOVE D TO ADJO URN .
May or Otis ad j our n ed th e meeti ng at 5:30 p .m. wit hout a vote.
S1~( l li ~cl(_(~ 1'>· 1J
D'puty City Clerk