HomeMy WebLinkAbout1999-08-11 EDDA MINUTES•
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ENGLEWOOD DOWNTOWN DEVELOPMENT AUTHORITY
333 WEST HAMPDEN AVENUE, SUITE 602
MEMBERS .PRESENT:
MEMBERS ABSENT:
STAFF PRESENT:
BOARD OF DIRECTORS MEETING
AUGUST 11, 1999
MINUTES
Callins, Duemke, Finer, Kaufman, LaParta,
Oxman, Wagganer, Weinberger
Curnow, Gartner
Celva
GUESTS AND VISITORS: Ran Kientz, Art Scibelli
The meeting was called ta order at 4:35 PM.
I. INTRODUCTION OF GUESTS ANO VISITORS
Chairman Sanchez welcomed Art Scibelli and Ran Kientz ta
the Board Meeting. Sanchez presented Ran Kientz with a
plaque in appreciation of his service an the EDDA Board
and as Chairman far the last three years. Kientz thanked
the Board and remarked an the enjoyment he had derived from
working with the group.
II. APPROVAL OF MINUTES
Chairman Sanchez asked if there were any additions or corrections
ta the Minutes of the July 21st Board meeting. There being
none, a motion was made by Steve Finer, seconded by Emmett
Duemke and approved unanimously approving the minutes as
presented.
III. TREASURER'S REPORT
Treasurer, Gary Oxman stated that since the report an revenues
Far July had not yet been received Fram the City, a Treasurer's
Report had not been prepared. Oxman went an ta tell the
Board that Colonial Bank had been paid $26,500.00, an the
line of credit, reducing the outstanding balance ta about
$425.00. This leaves a positive fund balance of $25,000.00
plus, not including the mast current revenues.
Steve Finer asked about haw the financial relationship between
EDDA and the City worked snd what processes, approvals and
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and reports existed. Celva explained that vouchers and
purchase orders were submitted to the City, along with proper
documentation for processing and payment. He added that
the Authority was audited on an annual basis. Discussion
continued until all questions were answered.
Director Celva suggested to the Board that they may wish
to consider renewing the line of credit with Colonial Bank,
since the Authority could well be in the same position in
January of not having sufficient funds until tax proceeds
are received in March and April. After discussion it was
moved by Emmett Duemke, seconded by Gary Oxman and approved
unanimously to seek renewal of the line of credit with Colonial
Bank.
IV. DIRECTOR'S REPORT
A. Acoma Street Parking Lot
Director Celva told the Board that in a recent discussion
on the proposed approach to the EURA Board, with Frank Gryglewicz,
the City's Director of Financial Services and City liaison
to the EURA , that Gryglewicz had stated that he wanted to
review elements of the proposal with City Attorney, Dan
Brotzman, prior to EDDA representatives meeting with the
EURA. Celv2 said that subsequent to this conversation a
meeting between Brotzman, Gryglewicz, Simpson, EDDA's attorney,
Jim Winholz, Connie Sanchez and Ron Kientz had been arranged
through NBD, for August 12th. Celva added that he hoped
once this meeting was completed that a comfort level would
exist allowing the process to proceed. In response to a
question from Steve Collins, the current status of the proposal
was reviewed and discussed.
B. "Six Pack Meeting"
Celva related to the Board that the monthly meetings between
representatives of City Council, the Englewood Chamber of
Commerce and EDDA were being re-instituted and that the
Board needed to select a representative in addition to Chairman
Sanchez. After discussion it was decided that the second
representative would be filled on a rotating basis by individual
Board members.
C. Broadway Vacancies
Director Celva informed the Board that two adjacent businesses
in the 3400 block of South Broadway would be going out of
business over the coming two months, he added that these
closings were due to health and age. Celva said that in
a recent conversation with the manager for these properties,
Bob Rose, that he had been pleased to hear that both stores
had been leased quickly and that Rose attributed this to
the new building facade that EDDA had helped to instigate.
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Celva went on to relate that one potential tenant might
not be an allowed use, since there seemed to be 8 wholesale
component to the business. This particular issue led to
an extended discussion of zoning, City codes, their enforcement
and lack thereof and EDDA's role in the process. At the
conclusion of the discussion Art Scibelli told the Board
that he was working on an overlay sign district foe the
South Broadway corridor and that he would appreciate their
input .
The meeting was adjourned at 6:10 PM.
Respectfully submitted,
Secretary