Loading...
HomeMy WebLinkAbout1985-07-10 EDDA MINUTESRECORD OF PROCEEDINGS 100 Leaves FORM ~o C. F. HOECKEL B. e. & L. c o. ------------'------- MINUTES July 10, 1985 Board Members Present: Coleman, Green, Neal, Owens, Pendleton, Tomooka Board Members Absent: Kaufman, Mausolf, Oswald Staff Present: P. Dietrich Guests and Visitors: Bob Brannberg, Dorothy Dalquist, Andy McCown, Susan Powers The regular meeting of the Englewood Downtown Development Authority was called to order by Chairman Bill Pendleton at 12:20 PM on July 10, 1985. The minutes from the previous meetings were presented for approval. Ms. Owens moved, seconded by Mr. Tomooka, to approve the minutes from the regular meeting on June 12, 1985, and the minutes from the special meeting on June 19, 1985. The motion was passed unanimously by voice vote. The Treasurer's Report, dated June 30, 1985, was not available for this meeting. CHAIRMAN'S REPORT Board Appointments -Mr. Pendleton noted that the reappointments of Barry Coleman and himself were made by City Council at the June 17, 1985 meeting. Mr. Pendleton noted that both he and Mr. Coleman were honored to be reappointed to another four year term of office and were most anxious to participate in the continuing activities of the DDA . Also, the Board received the resignation of Barbara Holthaus, effect i ve June 12, 1985. Ms. Owens moved, seconded by Mr. Tomooka, to accept, with regrets the resignation of Mrs. Holthaus from the EDDA Board of Directors. Because Mrs. Holthaus has been a Charter Member of the DDA, there was an expressed desire to recognize Mrs. Holthaus's contribution to the downtown Englewood area. A donation will be made to the Arapahoe County 4-H Foundation in her name. Public Improvements -South Broadway -A general meeting had been 1 held on Wednesday, July 3, 1985 regarding the placement of trees and lights in the 3300 and 3400 blocks of South Broadway. Several merchants and property .owners were in attendance. The ·design· from EDAW gave the types of trees, placement of trees and lights, and estimated costs of this project. Walt Tomooka expressed a concern as to the spacing of the trees. He felt that they were too close, for when they would eventually grow to full size. ,The foliage would completely cover any signage on the buildings. It was noted that trees and landscaping alone will not improve the economics of the area. Additional amentitites are also necessary, as in the case of Fort Collins, where planters, benches, street graphics, banners, colors, parking structures, and lots, and sidewalk improvements were included in an overall public im- provement project. Alsok the City Forester in Englewood and in Fort Collins noted that the ash tree varieties and linden and maple tree varieties are the most successful trees in a sidewalk environment. FORM SCI C. F. HOECKEL B. B, & L. CO. Page Two Minutes July 10, 1985 I RECORD OF PROCEEDINGS 100 Leaves I Ms. Owens moved, seconded by Mr. Green, to proceed wit r the plans that EDAW and the City of Englewood had presented for the landscr ping on South Broadway. Discussion followed. It was noted that because trees will probably block some of the signage on the buildings in the next 5-7 years, it was doubly important to provide block sign~ge and street identifi~ation for the 3200 - 3500 blocks of South Broadway. Small signs with numbe ~s will not be enough for motorist's recognition of this Trolley Square area. Also the addition of I ' a water tap at each tree so that merchants could use t r e water supply was suggested. This will be looked into as it relates to cost and usage. The question was called. I The motion was passed unanimously by voice vote. The Director was instructed to call Dense! Raglund to inform her to proceed with t ~e planning and imple- mentation of these public improvement projects for South Broadway. Parade Committee Representative -Mr, Pendleton appj inted Ken Mausolf to be the EDDA representative to the 1985 Englewood Parad~ on November 2. He had indicated a desire to represent the Authority again this year. DIRECTOR'S REPORT Loan Approval Information and Update -The Board has lreceived the formal loan agreement from First Interstate BAnk of Englewood. Tn e EDDA attorney has re- viewed th:ts 1 with _the recommended changes. . I Ms. Owens moved, s.econded by Mr. ~omooka to adopt the I following Resolution:· WHEREAS, the aa'dition of landscaping and lights wil.l positively upgrade · the image of South Broadway in downtown Englewood, land : WHEREAS, the public improvements will coincide witn those planned for Trolley Square in the Englewood downtown redevelopment pro j ect, and ; WHEREAS, the public improvements will help promote the economic growth of the downtown area, NOW, THEREFORE LET IT BE RESOLVED ,that the Board 0£ Directors of Englewood Downtown Development Authority approve the Term Bu ~iness Loan Agreement ·of $225,000 from First Interstate Bank of Englewood f ~r the purcha·~e of public improvements inthe 3200 -3500 blocks of South Bro ,dway. The following tersm will apply: an interest rate equal to prime rate, said prime rate to . change when · and as such prime rate changes; accru j d interest shall be due and pauable at 9/30/85 and 12/31/85; at January 1 ~ 1986, the then principal outstanding shall be converted to a term note of five years with principal to be amortized over ten years at an interest rate jof First Interstate Bank of Englewood, N.A. prime rate, said rate to c nange when and as such prime rate changes. Principal plus accrued interest shall be payable quarterly on the last day of each March, June, September, and December of each year I commencing March, 1986, and continuing quarterly tnereafter until December 31, 1990, on which last ment i oned dated, all remaining principal and interest shall be due and payable. I Ayes: Coleman, Neal, Owens, Pendleton, To ~ooka Nays: None Abstain: Green Absent: Kaufman, Mausolf, Oswald e RECORD OF PROCEEDINGS 100 Leaves FORJIII ~o C. F. HOECKEL e. B. a l. c o. Page Three Minutes July 10, 1985 . I Crime Preventio Meetings -There will be two Crime Prevention informational meetings on Jul 18, and July 25 at 8:00 AM. at 1the EDDA offices. Crime Prevention Offi er Nancy Hart will make the presentation and be available to answer any q estions, comments, or concerns. \The flyer was mailed with the City of Eng ewood Chamber of Commerce July newsletter and also distri- buted to the me chants in the downtown area. A £\ollow up reminder will be made during the weeks of the meetings. Tree Dedication roclmre and Program ~he broch~e for the tree -d~d:cation program will be eady for distribution during the r eek of July 15. We will create more i terest in this program with addit r onal publicity and personal contact with businesses, citizens, and m rchants in August and September. Farmers' Market The first Farmers' Market was held on July 9, 1985 I in the parking lot on South Lincoln. As the Farmers' Market continues in this location, we can find out about the impacts t 1 the merchants in the area. En lewood Parkwa cons true t ion, .area tributed during t Construction Timetable and DetouJ Schedule -A map of the with temporary c ·hanges in the tralffic patterns was dis- is meeting. Executive Session -The Board recessed into Execut .ve Session at 1:15 PM. The Board>came out of Executive Session at 2:15 PM No action was taken I . As there was no further business, the meeting was a J journed at 2:16. PM. I I Respect f ully submitted,