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HomeMy WebLinkAbout1985-10-09 EDDA MINUTESFORM ~o C. F. HOECKEL e. 8. 8 l. co. -RECORD OF PROCEEDINGS ENGLEWOOD DOWNTOWN DEVELOPMENT AUTHORITY 3535 S. Sherman -Englewood, CO 80110 Minutes October 9, 1985 • 100 Leaves Board Members Present: Coleman, Kaufman, Mausolf, Oswald, Otis, Pendleton Board Members Absent: Green, Tomooka Staff Present: P. Dietrich Guests: Dick Hinson The regular meeting of the Englewood Downtown Development Authority Board of Directors waB called to order by Chairman Bill Pendleton at 12:15 PM on October 9, 1985. The minutes from the previous meeting were presented for approval. Mr. Coleman moved, seconded by Mr. Otis, to approve the minutes from the September 11, 1985 regular meeting. The motion was passed unanimously by voice vote. In Mr. Green's absence, Mr. Pendleton presented the Treasurer's Report, dated August 31, 1985. Mr. Kaufman moved, seconded by Mr. Otis, to accept the Treasurer's Report. The motion was passed unanimously by voice vote. Sachter Payment -The payment due in November, 1985 on the parking lot property was discussed. Mr. Green has talked to Mr. Sachter and will present several optLons to him for the payment. The Board gave Mr. Green direction to offer payment of this loan on a five year amortization schedule at 10~ percent as an alternative to the payment that is due this November. Mr. Green will have a final proposal at the November regular meeting for action. Also, it was noted that since Rachel Owens' signature had been on the original promissory note for the public improvement project, it would now be necessary to formally remove her authorization from this document as she was no longer a mEmber of the EDDA Board. Mr. Kaufman moved, seconded by Mr. Oswald, to remcve Rachel Owens name from any further transactions of the Authority. The motjon was unanimously by voice vote. CHAIRMAN'S REPORT Board Appointment -It was the unanmous decision to include a nomination from Cinderella City for the vacancy on General Manager of Cinderella City Ms. Dietrich was directed to write choice. the EDDA Board of Directors. Rick Boselli, has indicated a desire to serve on the Boardr a letter to City Council regarding this Also, discussion continued on the merits of a nine member board versus an eleven member Board. It was suggested and decided to wait until the redevelopment project is further along before determination is made as to any additional representatives for the Board of Directors. Secretary vacancy -Mr. Pendleton appointed John Oswald to serve as Secretary, filling the vacancy left by Rachel Owens ·' resignation. Mr. Oswald accepted the appointment. FORM ~ C. F . HOECKEL B. B. 6 L. C O. Page Two Minutes • October 9, 1985 DIRECTOR'S REPORT • RECORD OF PROCEEDINGS 100 Leaves Public Improvement Project -Update -The public improvement project on South Broadway is progressing on schedule. There has been some publicity on this project in the Denver Post and the Englewood Sentinel. These were distributed at the meeting. Also, a ceremony is planned to celebrate the completion of this project. At 9:00 AM on October 31, 1985 at the east side Walk Thru in the 3400 block of South Broadway, Mr. Pendleton will turn on the special lighting as a symbol that this project is completed. Invitations hav.e been printed and will be mailed to the property owners, City officials, downtown merchants and other interested parties. Tree Dedication Project -As of this date, two checks have been received to signify donations for the trees .. The response has been very favorable towards this iroJect. Four more commitments have been received by the Director. Fall Festival Days -The City of Englewood Chamber of Commerce has donated $500.00 to the Englewood Fall Festival DAys. The Committee is planning to sell pennants for $50.00 each to raise money to support the activities. Also, at this time, the 3400 block of South Broadway will be closed to auto- mobile traffic so that booths and festival activities can take place in this area after the Parade on November 2. Mr. Mausolf moved, seconded by Mr. Oswald, to donate $500.00 to the Englewood Fall Festival Committee as a show of our support to this activity, and to help defray any expense in this first year of operation. The motion was passed unanimously by voice vote. Trolley Square -A representative from Field & Co. has contacted the EDDA to work with them in planning a cooperativ1? grand opening of the retail space at Trolley Square in conjunction with the grand opening of King Soopers. As of this date, there has been nothing finalized. Urban Renewal Authority -The final papers are almost ready to be signed be- tween the Urban Renewal Authority and Buyer's Club Mr. ·Hinson reported. Also, there are several rumors regarding the residential units that will be built in the northwest corner of the redevelopment project. Mr. Hinson clarified some of the misunderstandings, and said he would provide a fact sheet. The next step for the redevelopment project will be the hotel. After this project has been confirmed, work will continue on the Little Dry Creek project. Proposed Street Signage -Ms. Dietrich presented street signage that has been proposed for the redevelopment project. It is an attractive design, but the EDDA Board indicated that the lettering should be larger. This recommendation is to be taken back to the Engineering Department. Broadway Southwest at Cinderella City -The grand opening of the Broadway Southwest department store at Cinderella City shopping cneter will be at 10:00 AM on November 1, 1985. The Board is cordially invited to attend. As there was no further business, the meeting was adjourned at 1:13 PM. especfully submitted,