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HomeMy WebLinkAbout1985-11-11 EDDA MINUTES• FORM 50 c. F. HOECKEL B. e. & l. co. RECORD OF PROCEEDINGS ENGLEWOOD DOWNT~N DEVELOPMENT AUTHORITY 3535 S. Sherman -Englewood, CO 80110 Minutes November 11, 1985 • 100 Leaves Board Members Present: Boselli, Coleman, Green, Oswald, Otis, Pendleton Board Members Absent: Kaufman, Mausolf, Tomooka Staff Present: P. Dietrich Guests: Dorothy Dalquist, Susan Powers The regular meeting of the Englewood Downtown Development Authority Board of Directors was called to order by Chair.man Bill Pendleton at 12 :20 PM on November 13, 1985. The minutes from the previous meeting were presented for approval. Mr. Green moved, seconded by Mr. Otis, to approve the minutes from the October 9, 1985 regular meeting. The motion was passed unanimously by voice vote . Treasurer's Report -Mr. Green presented the and expenditures, dated Steptember 30, 1985. garding this part of the report. Treasurer's Report of revenues There was no discussion re- As the second part of the report, Mr. Green noted that he nad a tentative contract with Mr. Sachter regarding the balloon payment on the property that the EDDA is buying. The balloon payment will be refinanced at 10~% interest over the next five years. The Director will handle the necessary arrangements and documents for signatures before November 21, 1985. Also, Mr. Green presented the proposed 1986 budget fo the Board. General discussion followed. Attached to the budget is the Work Prog·ram for 19~6 that outlines specific projects and overhead expenses. Pending progress in the downtown redevelopment project, a Section II insert in Colorado Business Magazine will be an important feature for the EDDA in 1986. Also, it was noted that the revenues for 1986 will not significantly increase because the district is within the tax increment district. Mr. Green moved, seconded by Mr. Oswald, to accept the Treasurer's Report, and specifically approving the 1986 budget. As there was no further discussion, the vote vas called for. The motion was passed unanimously by voice vote. FORM ~o c. F. HOECKEL B. B. a L. c o. Page Two Minutes • November 11, 1985 CHAIRMAN'S REPORT • RECORD OF PROCEEDINGS 100 Leaves Public Improvement Celebration -Mr. Pendleton reported on the celebration that was planned to signify the completion of the public improvement project for EDDA. There were about 70 -80 people in attendance. There also seemed to be a very positive atmosphere and acceptance of the new lights and land- scaping on South Broadway. DIRECTOR'S REPORT Public Improvement UPdate -The Board directed Ms. Dietrich to write a letter of commendation to SaBell's regarding the timeliness and fast pace of the public improvement project. Although there were some minor disruptions during construction, the contractor was very sensitive to the merchants and property owners' concerns of pedestrian and automobile traffic. Public Works Department has recommended a trash receptacle that now has been ordered for the Public Improvement project. For the most part, the project has been completed with the exception of minor work. The City will notify the. propetty owners and business owners about the treatment and care of the flagstone tree grates. Fall Festival Days -Although the wind played havoc with the booths during this Festival, it .is hoped by many who particpated in the Festival that this will be an annual event. The major suggestion to date is to plan the Festival earlier in the year for weather considerations. Holiday Decorations -Because many questions have to be answered regarding areas of responsibility for any holiday decorations in the ·downtown District, an overall program will be developed that will outline these areas. This pro- ject can be coordinated with the City of Englewood, City of Englewood Chamber of Connnerce, EDDA, businessowners, and property owners to ensure that the holiday decorations are uniform, unique, and an asset to downtown Englewood. As there was no further business, the meeting was adjourned at 1:33 PM.