HomeMy WebLinkAbout1980-10-07 EDDA MINUTES•
BRADFORD PUBLISHING CO ., DENVER
Board Members Present:
Board Members Absent:
Staff Members Present:
Guests and Visitors:
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RECORD OF PROCEEDINGS
ENGLEWOOD DOWNTOWN DEVELOPMENT AUTHORITY
BOARD OF DIRECTORS REGULAR MEETING
WORKSHOP/ STUDY SESSION
Tuesday, October 7, 1980
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Allen, Artzberger, Coleman, Glenn, Holthaus, Kaufman
Mausolf, Neal, Gasson
Maxwell, Robohm
Keller, Thompson, Burger
Wayne Lance, John Gunyou, Loring Harkness,III,Dorothy
Romans, Idaho Springs Mayor Dorothy Kyler, Tom Johnston
(Idaho Springs City Manager), Christine Pfaff, Nore Winter,
Rich Wanush, Gordon Close
To begin the planning session and prior to the start of the actual Board business
meeting, the movie "Main Street" was viewed by all attending. The movie explained
and highlighted downtown improvement and methods of approaching and implementing it.
Chairman Holthaus called the business meeting to order at 9:09 A.M.
After the introduction of guests and visitors, the Minutes of the Special
Board meeting of September 24 were approved as published upon motion by Allen,
second by Glenn. Motion carried.
Bills in the amount of $1,328.65 were approved for payment upon motion by
Allen, second by Coleman.
Chairman Holthaus advised the Board that the assessment district was approved by
Council on Monday night 10/5/80. ·
Board member Kaufman reported he and Board member Allen had successfully negotiated
the price terms and conditions for the purchase of the Sachter property. Upon
motion by Kaufman, second by Mausolf, a Receipt and Option Contract is to be prepared ,
by the Executive Director stating the sale price of $45,300,$1,000 earnest money,
20% down payment, Seller financing at 12% interest, 10 year note arid amo:v.itization,
due and payable in 5 years. No payoff of note in first two years, agreement by
Seller to subordination of first mortgage upon request of purchase.
John Gunyou of Browne,Bortz and Coddington reviewed the highlights of the Market/
Economic study and gave all present a copy of the Executive Summary of the report.
Wayne Lance of S.B.A. reported on the "502"and"503" Local Developement Corporation
programavailable as a tool for 100% financing for the purchase of business buildings,
fixtures, furniture and equipment.
Christine Pfaff of the Colorado Historical Society Preservation Office and Nore Winter
of Downing Leach, Boulder architect and design consultant discussed S. Broadway
buildings and showed slides of the results of store front renovations in other
communities.
Executive Director Keller presented for discussion a Four Point Plan for the future
of Downtown Englewood, modeled after a successful program carried out in Baltimore.
Point One: Development of an overall plan.
Point Two: Passage of a city ordinance stating design standards and
requiring mandatory participation with penalty for not cimplying.
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Workshop/Study Session
October 7, 1980
Point Three : Financing assistance to property and business owners
to meet the design standards and mandatory participation.
Point Four: Passage of an ordinance by City Council to create a special
assessment district to provide funds for promotion, administration and manage-
ment of the downtown area in the same manner that a shopping center is operated.
After much comment and discussion the Executive Director was instructed to
proceed with greater detail and information for the Board on each of the four
points.
John Gunyou of Browne Bortz and Coddington told the following story which is
quite appropriate :
"Would you tell me please, which way I ought to go from here?"
asked Alice.
"That depends a good deal on where you want to get to," said the Cat.
from Alice in Wonderland.
Meetin adjourned at 3:55 P.M.
Respectfully Submitted,