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
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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
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November 11, 1985
CHAIRMAN'S REPORT
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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.