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HomeMy WebLinkAbout1986-04-09 EDDA MINUTESFORM so C. F. HOEC KEL B. B. &: L. CO. RECORD OF PROCEEDINGS ENGLEWOOD DOWNTOWN DEVELOPMENT AUTHORITY 3535 S. Sherman -Englewood, CO 80110 Minutes Apr i 1 9, 1 986 100 Leaves Board Members Present: Boselli, Coleman, Green, Kaufman, Otis, Pendleton, Tomooka Board Members Absent: Mausolf, Oswald Staff Present: P. Dietrich Guests: Dorothy Dalquist, Dick Hinson The regular meeting of the Englewood DO\-.JntO\-.Jn Development Authority Board of Directors was called to order by Chairman Bil 1 Pendleton at 12:00 Noon on April 9, 1936. The minutes from the previous meeting were presented for approval. Mr. Green moved, seconded by Mr. Tomooka, to approve the minutes from the March 12, 1986 regular meeting. The motion was passed unanimously by voice vote. The Treasurer's Report was presented by Dan Green. He noted that the Authority wil I realize significant revenues in May or June, depending upon the County's collection time schedule. Mr. Kaufman moved, seconded by Mr. Boselli, to accept the Treasurer's Report. The motion was passed unanimously by voice vote. CHA I RMAtl I S REPORT Board of Directors -The Board discussed the size of the EDDA Board of Directors, noting that the Bylaws state that the Board shall consist of at least five members, and up to 11, with a majority of the members owning property in the downtown district. Discussion ensued. The present size of nine members is a good representation of the downtown district, and the Board gave the Executive Director direction to indicate this to City Council. Marketing Study.-Ms. Dietrich gave the Board an update as to the status of the distribution of the surrvnary of the Rocky Mountain Research Institute report. As soon as it is printed, it can be distributed to the Planning and Zoning Corrvnission, City Council and other interested concerns. Also, Ms. Dietrich presented the proposal from Laventhol & Horwath for the second and final phases of the Study that focuses on the area east of Broadway. Mr. Kaufman noted that it would be important to create a residential area that brings people to the downtown and who can support the retail activities. Further discussion ensued. FORM 50 C. F. HOEC KEL B. a. 8: L. co. Page Two Minutes Apri 1 9, 1986 RECORD OF PROCEEDINGS 100 Leaves As a tool for medium and long range planning, this report could identify areas in which EDDA can help to blend this part of the downtown district to that of the total downtown area. Also, it would be an important study to show to real tors. Mr. Pendleton ,noted that it \-.JOuld be a major priority to disperse this information so that the region is aware of the developments that a re going on in dO\-Jn town Eng I e1-1ood. Mr. Otis moved, seconded by Mr . Boselli, to accept the Laventhol & Horwath proposal for the market analysis and proceed as quickly as possible. Discussion ensued. On a roll call vote : Ayes : Bose 11 i, Green, Otis, Pendleton, Tomooka Nays : tfone Abstain: Coleman, Kaufman Absent : Hause If, Oswald The motion was passed. Director's Report Colorado Business Magazine -Ms. Dietrich thanked the entire ·Board for taking time to spend with the Editor of Colorado Business Magazine. She noted that Mr. Smith was amazed at the level of development and potential development in the area. His article on downtown Englewood will appear in the May issue. Business Mixer -The Centennial Chamber of Commerce Business After Hours event on May I, 1986, from 5 to 7, wil I be .held at Trolley Square. The four sponsors are EDDA, Adept Realty, Affiliated First National Bank of Englewood, and King Soopers . As details of this event are finalized, notification will be sent . to the Boa rd. Lease -A one year lease, with one year option , has been signed with Albin Management, Inc. for 3535 South Sherman. New carpeting and repainting are in- cluded in this lease. Urban Renewal Authority -Dick Hinson, Acting Director of the URA, reported on the old King Soopers site in the redevelopment project. The URA has signed an agreement with JBC Corporation for the construction of 2 ten-story apart- ments for adults. Also, this site could include a movie theater complex and an athletic center. Floyd Alignment -The demolition is completed on the east side of Broadway at Floyd for the realignment. Construction is scheduled to begin in July, and is expected to take about 60 days. Little Dry Creek -The final plans for Little Dry Creek, from Broadway east to Clarkson, are being finalized and will be let to bid in the next few weeks . They will include a well lit bike-pedestrian pathway. Buyers' Club -The URA wil I take ownership of the Park Floral site in early June, and the construction of Buyers' Club will begin by the end of the sum- mer. Completion is expected by October. All street improvements along Route 285 at Inca and Jason will be completed by the holidays. Mr. Hinson also com- mented on a traffic study that is being conducted along Rt. 285 from Santa Fe to South University Blvd. FO RM ~o c. F. HOECKEL B. B. a L. co. Page Three Minutes Apri 1 9, 1986 RECORD OF PROCEEDINGS 100 Leaves Comments were directed to Mr. Hinson regarding the faulty lighting on South Broadway. Several of the bulbs in the special lights have been burned out for quite a while. He noted that he would look into this with the Engineering Department at the City. Other -Ms. Dietrich noted that John Neal, past member of City Council and EDDA, wil I be in Englewood on April 28. It is hoped that the City, URA, and EDDA can arrange a short ceremony or meeting to recognize Mr. Neal's efforts towards the downtown development. Ms. Dietrich also noted that the URA and EDDA have had printed a three-color, silk screened, poster to be displayed in windows and other places where people can see the plans of the redevelopment project. As there was no . further business, the meeting was adjourned at 1:38 PM. Respectfully submitted,