HomeMy WebLinkAbout1981-04-08 EDDA MINUTES.,
BRADFORD PUBLISH I NG C O ., D E NVER RECORD OF PROCEEDINGS
ENGLEWOOD IX)WN!'()WN DEVEU)PMENT AUIHORITY
BOARD OF DIRECTORS REGUUR HEETING
Wednesday, April 8, 1981
Board Uembers Present: Artzberger, Coleman, Gasson, Glenn, F..olthaus,
Kaufman, :Maxwell, Neal, Robohm
Board Members Absent: Mausolf
Staff Present: Harkness, Si.nl)son, Van Vorst
Guests & Visitors: Jeanette Bush, Susan Powers, Kathye Thomas,
Rich Wanush
Chainnan Holthaus called the m=eting to order at 12: 08 PM.
After introductions were made Chainnan Holthaus called for the approval
of the Minutes of the Special Board ~eting dated March 25, 1981. Upon
m:,tion by Robohm, second by Kaufman, the Minutes were approved. M:>tion
carried.
Board Treasurer Gasson presented the Bills for Payment which included
the encUIIDrance of an additional $1,200 for Oliver & Hellgren . It was
m:,ved by Artzberger and seconded by Neal that #7607, second quarter dues,
arrx:>unting to $30 .00, not be paid to the Littleton lb'Wtltown Business
People's Assoc., Inc. and a letter be sent with the infonna.tion that when
a new Director is hired, it will be his determination. Bills in the ad-
justed amount of $1,795. 69 were approved for paynait upon nntion by
Artzberger, second by Neal. 1btion carried.
Board Member Gasson reported on the Ad Hoc C'.orrmittee decision that the
City could install the sprinkler system and landscaping at an estimated
price of $7, 920 which would be charged against the parking lot con-
tribution as opposed to the architect's estimated cost of $17,000. The
total estimated cost from the City will be $9,000 versus $20,000 total
estimated cost from the architect/contractor.
Board Member Gasson reported on the original ccntract with the Public
Service Company of Colorado. This called for a closing on or before
April 1, 1981. Im. extension of 30 days is being negotiated and a copy
will be supplied for the Board when finished.
Board Chainnan Holthaus reported opening letters for proposals from
Realtors had been sent with the due date of April 10, 1981 at 5 :00 PM .
During this process, :Mr. Nick Avila expressed interest in the pur-
chasing of the building and has been referred to D.A.3.A. LOC. :Mr.
Avila was infonred of the realtor's letter and advised him that "tilre
was of the essence."
Board Chainnan Holthaus did not , due to the possibility of conflict of
interest, participate in the discussion regarding rental spaces for EDDA .
The present EDDA lease expires on May 10, 1981; after discussion a Com-
mittee was formed to locate possible rental properties for presentation
at the April 22, 1981 Board Meeting. The Comni.ttee Members are as follow:
Coleman, Maxwell, Neal and Bush.
Board Attorney Harkness gave a presentation on Tax Increment Financing
for Downtown Developm=nt Authorities and the proposed legislation in-
volving property tax and sales tax increment financing.
The ~eting was adjourned at 1: 38 PM.
Respectfully submitted ,
,~ f
'Barry ~. Secretary