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HomeMy WebLinkAbout1982-05-12 EDDA MINUTES• BRADFORD PUBL I SH IN G CO., DENVER RECORD OF PROCEEDINGS ENGLEWOOD DOWNTOWN DEVELOPMENT AUTHORITY 3535 So. Sherman-Englewood, CO 80110 BOARD OF DIRECTORS REGULAR 'MEETING Wednesday, May 12, 1982 MINUTES • Board Members Present: Bush, Coleman, Gasson, Holthaus, Kaufman, Mauso1f, Maxwell, Neal, Pendleton, Owens, Robohm Board Members Absent: None Staff Present: M. Haviland, E. Haviland Guests & Visitors: Maud Coffey, property owner; Gordon Close, EBA; Ed Cordova, EBA; Dick Hinson, Englewood Dept. of Community Development; Hazel & Victor Nilsen, local attorney; John Pearce, Englewood Hardware; Fran Schaeffer, EBA; Justin Schultz, ERA/Empress Realty Board Chairman Holthaus called the regular meeting to order at 12:10 P.M. Following introductions, the Minutes of the April Board meeting were presented for approval. Mr. Kaufman made a motion, which was seconded by Mr. Robohm, that the Minutes of the April 14, 1982 meeting be approved as presented. The motion was carried unanimously by voice vote. The bills for payment were presented by Mr. Gasson. Mr. Haviland ex- plained the lease renewal agreement. He noted that the monthly rent will increase from $455.00 to $469.17. The lease will run for two years, and the landlord will paint the walls, shampoo and repair the carpet, and contribute half the cost for the installation of mini- blinds. All other provisions are the same as in the current lease. Mr. Kaufman moved that the lease agreement be approved. The motion was seconded by 'Mrs. Owens and approved without dissent. Mr. Robohm moved that all of the bills be paid as presented. The motion, seconded by Mr. Mausolf, was approved by voice vote. Mr. Gasson announced that since the Treasurer's report had just been delivered Mr. Haviland would make the presentation. Mr. Haviland noted that there have been a few changes in terminology. He also said that he had met with John Lowry of the City's Finance Dept. Mr. Lowry has reviewed the bu g get and it appears that some money for consultants is available. Mr. Lowry has suggested that the Board establish a reserve account. Mr. Haviland added that the Finance Committee will need to meet within the next couple of weeks to review the budget modifications. Mr. Kaufman suggested that the Committee should address the desirability of paying off the Sachter mortgage. He also noted that the Horse Car needs to be removed from the Treasurer's report. Mrs. Owens moved that the Treasurer's report be accepted, subject to review by the Finance Committee during the coming month. Mr. Robohm seconded the motion, which was approved by voice vote with no dissent. Mr. Pendleton presented the report of the Board Membership Committee. There was some discussion of adding a name of someone from Joslin's. The Committee expressed its willingness to try to identify a repre- sentative of Joslin's. Mr. Neal pointed out that City Council would like to have the recommendations as soon as possible in order to schedule interviews. Mr. Mausolf moved acceptance of the Committee's report, with the understanding that additional names can be added later. Mrs. Owens seconded the motion, which was passed unanimously. The Committee's report is attached to and made a part of these Minutes. Page Two EDDA Board of Directors Regular Meeting May 12, 1982 Mr. Haviland presented the Director's report. 1) He said he has been working with Mr. & Mrs. Mausolf on interior decoration for the office. 2) He reported that his trip to Madison and Milwaukee proved to be very interesting. In Milwaukee, the city has hired the Rouse Co. to do all of the leasing for their retail project and to be responsible for the management and maintenance of the public spaces and the city's parking lot. The Rouse Co. has a staff of 20 assigned to the project. He also said he learned that Englewood has one advantage that many downtowns lack, i.e., the presence of a major shopping mall. Most downtown areas struggle with the loss of retail activity to suburban malls. Mr. Haviland said anchors are critical to downtown redevelop-· ment efforts and that Englewood has a ready-made anchor in Joslin's. Equally critical to the project are hotels and restaurants, which both are very high risk ventures. Mr. Haviland also reported on what he had learned about the relationships between cities and private developers. He said that more and more there seems to be an expectation on the part of the city that it will receive definite benefits from the redevelop- ment. Mr. Haviland expressed concern that the city currently is not leveraging the Little Dry Creek investment to the full extent that it could. 3) There has been a good response to the ad for the part-time staff position. Interviewing will be completed by the end of the week. 4) The Little Dry Creek Project management group will not meet again until early July. Nothing further can be done until one of the alternatives is selected and until Brady provides the City with a schedule. 5) Similarly, the Management Team has not met recently and has no further meetings scheduled. Again, the Team is awaiting Brady's schedule. Mr. Hinson commented that the Urban Renewal Authority has to adopt a plan, which it is scheduled to do at its May 19 meeting. This plan will subsequently be approved by City Council, and then bonds can be issued. 6) Mr. Haviland referred Board members to the results of the survey of realtors included in their packets. He said that these interviews, as well as the ones with homeowners, now in progress, will form the basis for the slide show to be presented to a group of realtors on May 25. 7) Given that money is available in the budget, Mr. Haviland pro- posed that EDDA focus its attention on Broadway b~ developing plans for public improvements, design standards and signage, and a marketing approach. Chairman Holthaus emphasized the importance of ioing a marketing plan before public improvements are designed so that the two will be compatible. She also stressed that Broadway will not automati- cally experience a revival as a result of the mall development. After some discussion of these issues, Mr. Gasson suggested that the Finance Committee look at the budget for 1982 and perhaps 1983 to determine the amount of money available for such studies. Mr. Haviland can then make a proposal to the Board at the next meeting. Chairman Holthaus reported on the meeting she, Gordon Close and several other merchants attended with City Manager McGown and Bud Brady and his associates. At that time Mr. Brady promised to work on a time schedule for moving the project ahead and emphasized . that the key to progress is securing commitments for the Key Savings, King Soopers, and First National Bank properties. There followed further discussion of the alternatives for the Little Dry Creek Project. Mr. Close said that the EBA would like the Board to give further consideration to alteE- natives 4 or 5 (a blend of 3 and 4). Alternative three is very attrac- tive but, from the businessman's point of view, creates some fifficulties for shoppers and provides less flexibility during construction than alternative four. He emphasized that a straight mall can be attractive- ly designed. The Board discussed these comments with respect to the concensus it had developed at the April 28 meeting. Mr. Mausolf then Page Three EDDA Board of Directors Regular Meeting May 12, 1982 moved approval of the Minutes of the Special Board Meeting of April 28, 1982. Mr. Gasson seconded the motion, which was approved unanimously •. (Mr. Robohm left the meeting prior to the vote.) Chairman Holthaus announced that Lowell Palmquist, President of Swedish Medical Center, had invited the Board to attend a breakfast presentation of Swedish's future plans at 7:30 A.M. on May 20. The Board accepted the invitation. There being no further business, the meeting was adjourned at 1:55 P.M. Respectfully submitted,