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HomeMy WebLinkAbout1987-11-10 EDDA MINUTESFORM 50 C. F. HOEC KEL 9. 8. & L, CO. RECORD OF PROCEEDINGS ENGLEWOOD DOWNTOWN DEVELOPMENT AUTHORITY 3535 South Sherman -Englewood, CO 80110 Minutes Nove mber 10, 1987 100 Leaves Board Members Present: Boselli, Coleman, Green, Hale, Pendleton, Tomooka Board Members Absent: Ciancio, Otis Staff Present: Penny Dietrich Guests and Visitors: D@rothy Dalquist, Dick Hinson The regular meeting of the Englewood Downtown Development Authority Board of Directors was called to order by Chairman Dan Green, at 12:04 p.m. on Novem- ber 10, 1987. The Minutes from the previous me e ting were presented for approval. Mr. Tomooka moved, seconded by Mr. Boselli, t o approve the Minutes from the regular meet- ing of October 14, 1987. The mo t ion was passed unanimously by voice vote. TREASURER'S REPORT Mr. Boselli presented the Treasu r er's Report, dated September 30, 1987. He explained that the Authority has collected about 90% of the anticipated re- venues for the year. Mr. Green moved, seconded by Mr. Tomooka to accept the Treasurer's Report. The motion was passed unanimously by voice vote. Mr. Boselli then presented the P r oposed Budget for 1988. He explained that the Budget Subcommittee, Mr. Tomo oka and himself, had met with the Executive Director and reviewed each line i tem. He noted that they had several questions and priorities. Additionally, h e requested that a long range program be set up for public improvements for downtown Englewood. This would definitely have an effect on the budget planning for the coming years. With this revi e w, FORM 50 C. F. HOECKEL 8. 8. & L. C O. Minutes November 10, 1987 Page Two / • RECORD OF PROCEEDINGS 100 Leaves Mr. Boselli presented the budget, by four major categories: Personnel, Commodities, Contractual Services, and Capital Expenditures. He summarized the items that were contained within each category. He also noted the funds that must be set aside for the loan obligations of the Authority in 1988. Discussion ensued. Mr. Pendleton moved, seconded by Mr. Boselli, to approve the Proposed Budget for 1988 . The motion was passed unanimously by voice vote. On a third matter, Mr. Boselli presented a proposal to identify future public improvement projects for the Authority. And then, as funds are available, the Authority can undertake these projects as they fit into the redevelopment and identification of downtown Englewood. Ms. Dietrich outlined on a map .the different areas in the downtown district that have been enhanced by public improvements; Englewood Parkway, South Broadway, Inca and Highway 285. Several suggestions were adde d to the list of public improvement suggestions. Mr. Boselli asked the Executive Director to obtain cost estimates for each item, and then present this to the Board in December. At that time the Board can prioritize those projects they think most important to help the identifica- tion and redevelopment of downtown Englewood. CHAIRMAN'S REPORT Mr. Green noted that he had contacted Swedish Medical Center as to a repre- sentative from Swedish to the EDDA Board of Directors. He should have a final suggestion by the end of November. Discussion ensued. Mr. Green reiterated that he believed that it was very important that the Board have a representative from Swedish as the medical facility is a major employer in downtown Englewood. Mr. Coleman noted that he wanted more representation from South Broadway mer- chants. Discussion ensued. Mr. Boselli outlined the composition of the present Board, and indicated that he believed the Board should have additional re- presentation from the businesses that are larger advertisers, i.e., MacDonald's, and Rocky Ricoco Pizza. Mr. Coleman noted that perhaps it would be a good idea to invite the new Council members to the EDDA Board of Director's meeting in January. The board was enthusiastic about this proposal. Discussion ensued. Ms. Dietrich indicated that she would send a letter of congratulations to the new Council members as well as invite them to the January Board meeting. DIRECTOR'S REPORT Window Display Contest -Ms. Dietrich stated the EDDA is sponsoring a window display contest again this year. Retailers from the entire downtown district will be encouraged to partici pate this year. The invitations have been printed and will be distributed in the next two days. FORM ~o C. F'. HOECKE L 8 . B. & L. co. Minutes November 10, 1987 Page Three RECORD OF PROCEEDINGS 100 Leaves Workshops -Ms. Dietrich noted that there were 32 participants at the two workshops about window and merchandise display techniques. She was pleased with the amount of participation. Advertising Program -Ads are being placed weekly in the Englewood Sentinel. One of the g'eneral ads will be used for tray covers at the Food Court in Cinderella City as well as table tents in that location. Also, the tray cover was appropriate to insert into the Englewood and Littleton Sentinels. She noted the cost of the artwork for the one ad was used for 30,500 flyers/ promotional pieces. Englewood Parade -The 18th Annual Englewood Parade will be November 14 at 10:00 a.m. this year. The EDDA contributes $750.00 to the annual event that brings thousands of people to downtown Englewood. Urban Renewal Authority -Update -Dick Hinson gave an update to the EDDA Board as to the status of the various URA projects. Trammell Crow will have the parking lot of their project paved by the end of this week. The construction of the Little Dry Creek project from Sherman east to Clark- son is still two months behind schedule. Also, the URA will try to refund bonds to create additional monies for the construction of Little Dry Creek improvements in the downtown project. The bid was approximately $600,000 over what they had anticipated. Until the bonds are refinanced, the City has supported the project by allocating this additional money until the URA has the additional funds. Coast-to-Coast Hardware -will open their new store at Trolley Square before Christmas. Also, they will have a Grand Opening some time in March. There is a new leasing agent for Trolley Square -Tower Group. All inquiries should be directed to them. Board Members Choice -Barry Coleman wondered if the $25,000.00 that has been restricted in the EDDA Fund Balance, for the Englewood Chamber of Commerce Recruiting Program, can be used for tenant finish or for attracting new tenants to the downtown. It was noted that there are only two store fronts that are vacant on Broadway at this time (not counting Trolley Square). As there was no further business, the meeting was adjourned at 1:47 p.m. Respectfully submitted,