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HomeMy WebLinkAbout1986-02-12 EDDA MINUTESFORM SO C. F. HOECKEL B. 8 . & L. C O. RECORD OF PROCEEDINGS ENGLE'WOOD DOWNTOWN DEVELOPMENT AUTHORITY 3535 S. Sherman -Englewood, CO 80110 Minutes February 12, 1986 100 Leaves Board Members Present: Boselli, Coleman, Mausolf, Oswald, Otis, Pendleton, Tomooka Board Members Absent: Green, Kaufman Staff Present: P. Dietrich Guests and Visitors: Thad Carson, Planning and Zoning Commission, Dorothy Dalquist and Susan Powers, City of Englewood After introductions, the regular meeting of the Englewood Downtown Development Authority Board of Directors was called to order by Chairman Bill Pendleton at 12:02 PM on February 12, 1986, The minutes from the previous meeting were presented for approval. Mr. Coleman noted that he had voted against the proposal to jointly sponsor a Tree with the Urban Renewal Authority and the City of Englewood. This change will be made in the minutes. Mr. Oswald moved, seconded by Mr. Otis, to approve the minutes as changed. The motion was passed unanimously by voice vote. The Treasurer's Report was presented for approval: The ending balance for 1985 was $13,534. It was noted that the 1985 budget had included payments of over $80,000 to the public improvement project. Mr. Mausolf moved, seconded by Mr. Tomooka, to accept the Treasurer's Report as presented. The motion was passed unanimously by voice vote. Marketing Study Review -In addition to discussing the Marketing Study, Phase I, in April, Mr. Pendleton noted that we should investigate additional consultants to continue Phase II, and possibly PHase III of the Study. Mr. Oswald indicated a need to move ahead so that the results of the studies of the area east of Broadway will fit together in a cohesive and comprehensive plan to the rest of downtown Englewood. Also, it was suggested to publish some information from the first Phase of the study. There definitely has been increased interest in the downtown Englewood area. With the next phase of the study completed, the City, URA, and EDDA will have a good idea of what the total components can be of the downtown area. Mr. Mausolf moved, seconded by Mr. Boselli, to proceed to Phase II of the study, and pick a consultant for this. The motion was passed unanimously by voice vote. It was recommended that a summary of the Phase I, with illustrations, be compiled for distribution. The Director will work with Susan Powers and Dic.k Hinson on this. From this report, the EDDA can make the appropriate recommendations to the Planning and Zoning Commission. FORM 50 C. F. HOECKE L B. 8. & L. CO . Page Two Minutes February 12, 1986 . DIRECTOR'S REPORT RECORD OF PROCEEDINGS 100 Leaves Incubators -The Director noted that Denver has started the Business Incu- bator Program. Also, Arapahoe Community College has an excellent resource center for small businesses. At this time, it does not seem feasible for the EDDA to develop this program in downtown Englewood. There are several resource centers available to the businesses in this area. Lease -Mr. Mausolf moved, seconded by Mr. Oswald, to offer the following terms to the leasing agent of Trolley Square: $12.00 a square foot for 500 square feet, 6 months free rent, 3 year lease, with a three year option, all tenant finish to be paid for by the owner, including carpet, interior walls, and lighting. The motion was passed unanimously by voice vote. The Director will initiate this offer as soon as possible with a decision to be made by February 28, 1986. Urban Renewal Authority -Old King Soopers land -Currently, the JBC Corpora- tion is negotiating with the Urban Renewal Authority on the details of this development. Proposed are two high rise apartments for senior citizens, a six theater complex, and an athletic center. Buyers Club -When the construction begins on this part of the project, it is anticipated that the Buyers Club will be open within 5 months, hopefully by the late fall, 1986. Signage for the Entrances to the Project -The two major signs that illustrate the redevelopment project have been ordered and are expected to be in place by next week. Also, 60 posters of this illustration have been ordered for distribution. Publicity of Downtown Englewood -In a brainstorming session about publicizing downtown Englewood, it was noted that until another major event happens, there is little to promote on a regional level. Also, it is important to continue the positive stories about the project. The two Business Mixers that are planned with the Englewood Chamber and the Centennial Chamber will help in showing the other businesses in the area and region what is available in downtown Englewood. The Director will pursue using Colorado Business Magazine as a promotional tool. As there was no further business, the meeting was adjourned at 1:20 PM. Respectfully submitted,