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HomeMy WebLinkAbout1990-12-12 EDDA MINUTESFORM so C. F. HOECKEL B. a. a L. co. I REC RD OF PROCEEDINGS / ENGLEWOOD DOWNTOWN DEVELOPMENT AUTHORITY 3333 South Bannock -Englewood. Colorado 80110 MINUTES December 12, 1990 100 Leaves Members Present: Green, Oxman, Birdsall, Close, Tomooka, Pendleton, Shepherd, Hathaway Members Absent: Chavez, Steele Staff Present: Hayes, Persinger Guests/Visitors: Rich Wanush The regular meeting of the Englewood Downtown Development Authority Board of Directors was called to order by Chairman Gordon Close at 12:16 p.m. Chairman Close asked for a motion to accept the Minutes as written from the November 14, 1990 meeting. W. Tomooka moved, seconded by G. Birdsall to accept the minutes. The motion passed unanimously by voice vote. TREASURER'S REPORT G. Birdsall stated everything looks okay. G. Birdsall also stated he went through the expenses and there was nothing unusual to report. G. Birdsall also stated he will be meeting with Julie Lucas, Chief Accountant from the City of Englewood, to discuss the differences between the City's reports and EDDA's, but noted the end results are the same. D. Green asked G. Birdsall how we could be "okay" while showing a deficit. P. Hayes stated she felt we were approximately $33,000 under budget at this point due to money that was transferred from the General Fund at the beginning of the 1990 year. The transferred money, used to pay the Public Improvement Loan in full, was reflected in the "Budgeted" column of the Treasurer's Report but not the "Actual" column thereby giving the appearance of a deficit. B. Pendleton reminded the Board that general property taxes fell short due to tax credits and abatements. W. Tomooka shared an experience he had with the county assessor's office regarding taxes on his property at 69 W. Floyd, and discussed the abatement process. L. Shepherd moved, seconded by W. Tomooka to approve the Treasurer's Report dated October 31, 1990. The motion passed by voice vote. ( FORM ~a C. F. HOECKEL B. 8. & L. CO . MINUTES December 12, 1990 Page Two CHAIRMAN'S REPORT RECORD OF PROCEEDINGS 100 Leaves Chairman Close stated he, G. Oxman, W. Tomooka, P. Pepper, and P. Hayes had met with City Council on Dec. 10 regarding having a "Business Town Meeting." Chairman Close noted various problems the merchants were having, which were brought to City Council so that they could understand the need for this type of meeting; he thought the meeting went very well. Chairman Close also stated City Council was 100% in favor of this type of meeting with downtown merchants and they suggested we use the term, "Merchant's Town Meeting." Chairman Close noted .the town meeting is to be held on Wednesday, Feb. 6 at 7:00 p.m. P. Hayes noted she will check into the possibility of holding the meeting at the Masonic Temple. Chairman Close, as a downtown merchant, also explained some concerns he had with the City and felt this meeting would be beneficial. BOARD MEMBER'S CHOICE B. Pendleton referred to last month's board meeting when questioning whether any information had been received from the assessor's office regarding abatements. L. Shepherd stated he had not followed through with obtaining that information. P. Hayes stated she would check again with the assessor's office on that matter. L. Shepherd mentioned W. Tomooka might nave information on that subject, due to his recent dealing with the county of his abatement. DIRECTOR'S REPORT Happy Holidays in Englewood celebration P. Hayes felt there was a terrific turnout for the event. P. Hayes stated there were 400-500 people during the peak of the evening. She also commented the art contest was very successful with 234 entries, which are now being displayed at Cinderella City Shopping Mall. P. Hayes stated she had previously spoken with the Executive Board about working closer with the merchants at next year's event and all the other events that EDDA sponsor. P. Hayes noted they did some brainstorming and had some good comments. L. Shepherd felt the time of the events made a difference to the attendance, and stated this year's holiday event, being at 6:00 p.m., worked better for him, since he could come right over after work and not wait until 7:00 p.m. P. Hayes also noted the possibility of shortening the time next year to 90 minutes versus 2 hours. In terms of thinking of long-range planning, L. Shepherd commented we might think of alternative places to hold our events . if the audience keeps increasing. FORM ~ C. F. HOECKEL B. B. 8: L. CO. MINUTES December 12, 1990 Page Three ) RECORD OF PROCEEDINGS 100 Leaves P. Hayes referred to her meeting with the Executive Board and also stated one of the ideas mentioned was to pass out small stockings filled with merchants coupons and/or "goodies" to everyone at the event. Chairman Close stated the need to specify it is the "merchants" sponsoring these events, and also agreed to passing out physical i terns to promote the downtown businesses. W. Tomooka would like to see all the merchants involved and also stated the kids are the focus of the event. w. Tomooka also stated he would like to see the merchants pass out "big, worthwhile" items in the stockings to everyone -items the people can use and if we can attract attention to the kids, we can do the same with the parents. P. Hayes noted she is excited about the progress of the events and hope they continue to get better. Chairman Close stated we need to utilize Santa more effectively next year: the crowd was so big this year, Santa could hardly get to every little one. At this point in time L. Shepherd interjected and asked Chairman Close if we could return to Board Member's Choice as he had comments he wanted to share with the Board. Chairman· Close asked that P. Hayes postpone her report while we· returned to Board Member's Choice. BOARD MEMBER'S CHOICE L. Shepherd inquired about the feasibility of turning the pond at the Plaza at Little Dry Creek into an ice-skating rink during the winter season. .R. Hathaway thinks it hasn't been done due to the hydrometries and the from the liability standpoint, but feels it is feasible to continue to check on the matter with the City of Englewood. L. Shepherd commented on the attendance at an Estes Park parade function he attended recently and asked if there was anything EDDA could do to try and meet with their downtown development group to get ideas for downtown Englewood. P. Hayes stated she would try to contact their people and check into a possible meeting with them. DIRECTOR'S REPORT (CONT) Urban Renewal Authority At this point R. Wanush stated he had to leave early due to another commitment and asked if he could give his report at this time. R. Wanush stated the Dec. 1, 1990 payment of $2.09 million was made on time. R. Wanush also stated the trustees .decided on their own to withhold the principal payment, instead just making an interest payment. He noted there will be a hearing on Jan. 10, .1991 to decide this matter, but URA petitioned to go against this hearing FORM 50 C. F. HO EC KEL e. B. & L. c o. MINUTES December 12, 1990 Page Four RECORD 0 EEDINGS 100 Leaves by motioning to settle the fact that the URA is not in default due to the trustee's decision. R. Wanush stated the next payment due June 1, 1991 is an interest only payment, but is not certain there will be sufficient revenue to make the full payment. R. Wanush also noted a meeting where all the bond holders were welcome and said there was standing room only at the meeting. He was also asked if there was any activity regarding Buyer's Club. R. Wanush stated there has been no activity. Chairman Close thanked R. Wanush for his report. Happy Holidays in Englewood Celebration {cont) P. Hayes noted there was a $10,000 budget for the holiday program and EDDA stayed well under budget. She said she was still awaiting a final bill and would distribute an itemized holiday budget at the January board meeting. Greater Englewood Chamber of Commerce Map P. Hayes showed the board members a sample of a map being done for the Greater Englewood Chamber of Commerce and reminded everyone the Board decided against this map earlier in the year. P. Hayes stated the Greater Englewood Chamber of Commerce is sponsoring this map and the cost is $300 minimum to advertise for a small box-sized ad. P. Hayes also noted others are participating, and thought it would look obvious if EDDA did not, but the others are doing it in support of the Chamber. L. Shepherd stated the Chamber of Commerce gets no financial benefit from this map. Chairman Close asked the Board members to rethink how the EDDA should promote the functions of this office. D. Green stated the First Interstate Bank of Englewood supported the Chamber through this project and asked how the maps would be distributed. P. Hayes stated the maps would be distributed through the Chamber. After much discussion, L. Shepherd moved, seconded by B. Pendleton to decline advertising in the map, but all agreed this no way reflects the EDDA wanting to continue support of the Greater Englewood Chamber of Commerce in other projects. Denver Post Ad P. Hayes referred to the five holiday ad catalogs lying on the tables in front of the Board members when stating she was pleased with the turnout of the ad catalog. G. Oxman noted he had customers call his store and compliment them on his ad, and he also stated he like the fact the EDDA had the center ad, so that all our businesses could be together. FORM 50 C. F. HOECKEL B. 8 . & L. CO • . MINUTES December 12, 1990 Page Five Year End Report RECORD ~ \ F PR CEEDINGS ~00 Leaves P. Hayes had passed out her year-end report before the board meeting and asked that everyone please take the time to read the report. Chairman Close asked that a copy go to Mayor Van Dyke. W. Tomooka complimented the EDDA office on a job well done for 1990. Other P. Hayes stated she and A. Chavez will be meeting at the end of December to further discuss the marketing goals for the EDDA; also, the Business Town Meeting will be held in February; the first Tuileries Festival meeting for 1991 will be at the end of December; she will be finalizing the year-end figures; P. Hayes reminded everyone of the EDDA Christmas reception at W. Tomooka's store; and Merry Christmas to all! As there was no further discussion, the meeting was adjourned at 1:30 p.m.