HomeMy WebLinkAbout1982-10-13 EDDA MINUTES•
BRADFORD PUBLISHING CO ., DENVER RECORD OF PROCEEDINGS
ENGLEWOOD DOWNTOWN DEVELOPMENT AUTHORITY
3535 So. Sherman -Englewood, CO 80110
MINUTES
BOARD OF DIRECTORS
REGULAR MEETING
October 13, 1982
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Board Members Present: Bush, Coleman, Gasson, Holthaus, Kaufman, Mausolf, Maxwell,
Owens, Pendleton
Board Members Absent: Close, Neal
Staff Present: M. Haviland
Guests: Dick Hinson, Dorothy Dalquist, Bob Voth
Chairman Gasson called the regular meeting to order at 12:05 PM on October 13, 1982.
Following introductions, the Minutes of the September Regular Meeting were presented
for approval. There was discussion of the suggested change in the minutes as
presented by the Executive Director. Ms. Bush moved, seconded by Ms. Holthaus,
to approve the minutes with the following changes:
CDBG FUNDS -After researching CDBG Commercial Loan program alternatives with
the Ctiy Staff, it was concluded by the EDDA Director that rather than hiring
new EDDA staff, it would be much more cost effective to handle the proposed
commercial loan program through the expansion of the existing City CDBG
housing loan program staff.
The motion was passed unanimously.
BILLS FOR PAYMENT -Mr. Pendleton presented the bills for payment. Ms. HOlthaus
moved, seconded by Ms. Owens, that the bills for payment be approved. The
motion was passed unanimously.
TREASURER'S REPORT -Mr. Pendleton presented the Treasurer's Report as of August 31,
1982. Ms. Bush moved, seconded by Mr. Mausolf, to accept the Treasurer's Report.
A question was raised as to the need for insurance on the Sachter property. Mr.
Pendleton indicated that he would look into this. The motion was passed unanimously.
Disucssion continued on the 1983 proposed budget. Salary increases and pension
considerations for the Executive Director are budgeted items, and recommended by
the Review Committee. The Executive Director's anniversary date is July 1.
The note payable on the Sachter property is due in November, 1985, with a balloon
payment of approximately $23,000 due at that time. The 1983 budget will not include
approximately $8000 for this payment because of reduced revenues. The note will
have to be refinanced at that time. Ms. Bush moved, seconded by Mr. Mausolf, to
approved the refinancing of the Sachter note at that time that it is due. The
motion was passed unanimously.
BRADFORD PUBLISH I NG C O ., DENVER
Page Two
Board of Directors
Regular Meeting
October 13, 1982
•
RECORD OF PROCEEDINGS
WORK PROGRAM -The Executive Director has met with each Board member regarding
his work program. There is a question as to the long range role of EDDA.
Ms. Bush moved, seconded by Mr. Mausolf, to approve the revised work program.
The motion was made subject to review of EDDA's role in 4 months. The motion
passed unanimously.
TRI PARTY AGREEMENT -Mr. Pendleton moved, seconded by Ms. Owens, to approve the
Tri Party Agreement, as presented. The motion passed on a vote of 6 to 0,
with one abstention from Ms. Bush.
EDDA EDUCATIONAL PROGRAM PROPOSAL APPROVAL -Mr. Gasson reviewed the questionnaire
results of the proposed educational program. HTe mentioned that the Executive
Committee has approved the Management Institute for the Executive Director in
October, 1982.
NEW BUSINESS:
HOLIDAY PARADE -Mr. Mausolf moved, seconded by Ms. Bush, to approved the sponsorship
fee of $500.00 for the Englewood Parade, 1982. Ms. Bush, Ms. Holthaus, and Mr.
Coleman agreed to ride in the parade in the EDDA car. The mo t ion passed unanimously.
MILL LEVY -Ms. Bush moved, seconded by Mr. Coleman, to suuport and approved
a 5.000 mill levy for the EDDA to City Council for 1983. The motion passed
unanimously.
RETIREMENT PROGRAM -Mr. Mausolf moved, seconded by Ms. Bush, to authorize $2000
for the Executive Director's retirement program through ICMA. This item was not
included in last month's agenda. The motion passed unanimously.
PUBLIC HEARING ON CDBG FUNDS -There is a public hearing on October 25, 1982
at 7:30 PM in City Council Chambers. Mr. Pendleton volunteered to attend this
meeting.
The Board needs to determine its position on the allocation of the CDBG Funds .
Mr. Hinson reported on the progress of the grant application. The maximum that would
be available would be $850,000, and the City wants to continue the housing re-
habilitation loan program and add a commercial rehabilitation grant program.
There is a meeting on the Little Dry Creek Design on October 20, 1982 at 7:00 PM
in City Council Chambers. Ms. Holthaus volunteered to be the Board representative
at the Dry Creek Meetings.
Mr. Hinson and Ms. Dalquist are writing an update on the downtown development program.
There being no further business, Mr. Gasson adjourned the meeting at 1:15 PM.
submitted,
Barry Col