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HomeMy WebLinkAbout1988-03-09 EDDA MINUTESRECORD OF PROCEEDINGS FORM !)Cl C. F. HOECKE L 8 . B. a L. CO. ENGLEWOOD DOWNTOWN DEVELOPMENT AUTHORITY 3535 South Sherman -Englewood, CO 80110 Board Members Present: Board Members Absent: Staff Present: Minutes March 9, 1988 Boselli, Coleman, Green, Hathaway, Pendleton, Tomooka, Hilger Ciancio, Hale P. Dietrich, M. Miller 100 Leaves Guests and Visitors: Dorothy Dalquist, Dick Hinson, Howard MacGregor The regular me e ting of the Englewood Downtown Development Authority Board of Directors was called to order by Chairman Dan Green at 12:00 p.m. on March 9, 1988. The Minutes from the previous meeting were presented for approval. Mr. Tomooka moved, seconded by Ms. Hathaway to approve the Minutes from the regular meeting on February 10, 1988. The motion was passed unanimously by voice vote. The Treasurer's Report, dated January 31, 1988, was presented by Mr. Boselli. He noted most revenues are collected for the EDDA during the months of May, August, and September. Expenditures to date are in ~ine with the budget. Also, he presented the year end balance sheet for the EDDA, dated December 31, 1987. He noted the collection of $164,007 in revenues, $151,429 in expenditures and $30,000 that was transferred to the Urban Renewal Authority. Because of the overage, the Board had authorized taking $17,429 from the Fund Balance . Mr. Coleman requested that the Authority discontinue the Recruiting Program to the Chamber and instead use that $25,000 for expenditures in 1988. Dis- cussion ensured. Ms. Dietrich noted that this program also includes new businesses as well as new offices to the downtown district. No a ction was taken. FORM !,II C. F. HOECKEL B. e. a L. co. Minutes March 9, 1988 Page Two CHAIRMAN'S REPORT RECORD OF PROCEEDINGS 100 Leaves Dan Green noted that Dave Ciancio has been transferred to manage another King Soopers store, and is no longer employed within the downtown central business district of Englewood. This makes him ineligible for Board mem- bership. Ms. Dietrich noted that he gave a verbal resignation on March 8, 1988. Mr. Green noted his contributions and his positive attitude towards the down- town projects and indicated that his input will be missed. Mr. Green then presented a list of candidates, as recommended from the Executive Cornrnittee, to complete Mr. Ciancio's term of office which expires June 30, 1990. He asked Ms. Dietrich to verify the interest of these indi- viduals, and if so, send this list to the Englewood City Council for their consideration and appointment. Mr. Green moved, seconded by Mr. Boselli to forward the results to City Council. Discussion followed. Mr. Boselli noted that it is the responsibility of managers to determine the thrust of the community and to participate and help the community move in a positive direction. Mr. Tomooka stated that grocery store managers can often sense the pulse of the community considering the number of customers they have on a daily basis. It was also noted that assistant managers might be an appropriate choice for representation from the grocery stores. The motion was passed unanimously by voice vote. DIRECTOR'S REPORT Signage -Ms. Dietrich showed the prototype for the sign that has larger numbers than what is presently on Broadway. After discussion, it was de- cided that this new size of sign and enlarged numbers and letters would be very appropriate for South Broadway. Mr. Coleman moved, seconded by Mr. Pendleton, to spend up to $7,200 for twenty-four signs, (two-sided) for placement at South Broadway and Floyd Avenue, Englewood Parkway and Old Hampden. It was also noted that these signs should be installed as soon as possible. Ms. Dietrich noted that the 1988 Budget has $8,000 for signage in the public rights of way. The motion was passed unanimously by voice vote. Ms. Dietrich noted that she would work with Densel Ragland, Director of Engineering, on this project. Swedish and Cinderella City -Ms. Dietrich indicated that she was working with Swedish Medical Center and Cinderella City on a project that would give all the employees at the medical center a "bag of coupons" from the merchants at Cinderella City and downtown Englewood. In return, the hospital would offer information about their services and classes that are available at the hospital. It is hoped that this project will take place in May. • FORM ~ c. F. HOECK EL e. 8. 8 L. co. Minutes March 9, 1988 Page Three RECORD OF PROCEEDINGS 100 Leaves Englewood Chamber of Commerce -The Englewood Chamber of Commerce has dis- tributed a questionnaire regarding economic development for Englewood. Mr. MacGregor explained the purpose of this study and noted that all businesses are encouraged to fill out the questionnaire and return it to the Chamber office. Also~· should anyone have any comments or sug gestions on the format of the questionnaire, they were to make note of it. Urban Renewal Authority -Dick Hinson provided the Board with an update of all the URA's activities. He noted that City Council has loaned the URA $778,000 to complete several projects. Also, the Little Dry Creek water amenities will be completed by August, 1988. The Plaza area should also be completed by August, 1988. The design of the intersection at Cherokee and the Parkway will be redesigned and work will begin soon on that project. Trolley Square -There is an issue with the ground lease for Trolley Square and that has to be resolved between the owners of the property and the City of Englewood before any renovation will take place. Trammell Crow -Mr. Hinson noted that the Englewood Marketplace is 86% leased to date, and construction has begun on the site. Lincor -The City Countil approved placement of a sign at Englewood Parkway and Highway 285 for this project. This stipulation has been included in the lease for the anchor tenant. At this time, the URA is waiting approval from the State Highway Department for the sign. Although the closing date has been delayed, if all goes well, construction time will be consolidated, and the opening is still expected to be in early Winter, 1988. Coast to Coast Hardware will have a Board Cutting on March 23 and a Grand Opening on March 26. Other -Mr. Boselli noted that Cinderella City has signed a lease with Butler Computer Graphics and will be moving 150 employees to their offices in the Shopping Center. Mr. Hilger noted that the Medical Center is planning to build anoth e r office building with additional parking. As there was no further business, the meeting wa s adjourned at 1:10 p.m. Respectfully submitted,