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HomeMy WebLinkAbout1995-01-11 EDDA MINUTESENGLEWOOD DOWNTOWN DEVELOPMENT AUTHORITY 3333 South Bannock, Suite 480 Board of Directors Minutes 01/11/95 Members Present: Close, Collins, Duemke, Kaufman, Kientz, Pfannensteil, Sanchez, Hathaway Members Absent: Oxman, Coleman, Todd Celva, Doyle Staff Present: Guests/Visitors: Lee Merkel, Director of Community Development Larry Fullerton, Cinderella City Project Manager I. Introduction of Guests and Visitors The meeting was called to order at 12:15 p.m. Harold Celva welcomed Lee Merkel, Director of Community Development and Larry Fullerton, Cinderella City Project Manager. II. Approval of Minutes Chairman Close asked if there were any additions or corrections to the minutes of the December 14th meeting. There being none a motion was made by Hathaway, seconded by Kaufman and passed unanimously approving the minutes as presented. III. Treasurer's Report The Treasurer not being present a report was not made. IV. Director's Report A. Developer Selection for Cinderella City Harold complimented Lee and Larry for their combined efforts with the city's selection process, utilizing the citizen's advisory committee recommendation in choosing Miller/Kitchell as the Cinderella City site developers. Larry Fullerton submitted the Miller/Kitchell developer site pictures and the Cinderella City redevelopment rough schedule to the Board stating the final negotiation of the Developer Agreement would begin this January with meetings between the developer and Equitable, May Companies, Mercantile and the city to determine schedules, responsibilities and to identify crucial information. The Miller/Kitchell redevelopment of Cinderella City concept includes a park-like atmosphere, an entertainment complex, provisions for including a Regional Transportation District site, large retail tenants and a design that protects the surrounding neighborhoods. Larry said that all the developer's references were thoroughly checked. The redevelopment project for the Cinderella City site would benefit all of Englewood and produce sales tax. Miller/Kitchell have considerable financial backing to develop this type of operation. All the amenities are included in the $42 million project cost with no public subsidy requested. Larry Fullerton commended Bill Coleman for his participation in the selection process. Lee Merkel thanked Bill and everyone on the Board for their participation in the selection of the Cinderella city developer. Lee felt the community site project would be a catalyst for the city. Skip Miller of Miller/Kitchell will be making a presentation to the Board in February. Larry would like to have EDDA and the Board involved in the project. Meetings are scheduled for the developer and the community during the first quarter of 1995. Gordon Close thanked Lee and Larry for their presentation to the Board. B. Trolley Square Redevelopment A proposal from Sullivan and Hayes and King Soopers for the redevelopment of Trolley Square will be presented to City Council on Monday. King Soopers wants to buy Trolley Square and replace parking deck, eliminate the building housing Anita's, expand King Soopers into the space occupied by the laundry mat and second hand store with a new pad located on the north east corner of the site. C. EDDA Directions for 1995 Director Celva expanded on his memo requesting funding for professional expertise in helping EDDA set directions for the downtown district. He reiterated • the statutory purposed of EDDA's and proposed examples of actions that could be undertaken by the Board. After discussion the Board unanimously agreed to Celva's proposal, and requested that he proceed with implementation. There will be a special meeting with the Board and Randie Barthlome, Director of Administrative Services, in February on the update of the UNI Venture study of the City building department. The 1995 Summer Concert Series will begin June 8, 1995. EDDA has sent copies of a proposal to six Englewood banks requesting their participation in a funding program for the concert series at Little Dry Creek Plaza. The funding would be used to provide an increased vitality for the number and quality of performances and improvements to the staging. The banks participation would help to convey a strong sense of community and commercial vitality that will benefit all. There has been a direct response from three of the Englewood banks. Gordon agreed with EDDA's proposal for additional funding. The Facade Program could prove to be a catalyst for the development of the Gothic Theater. There have been applications made for grant programs on behalf of the Facade Program. The program can go beyond the budget cap if we have additional funds from the State Historical Fund. D. Other The signs that the Board owns "Welcome To Downtown Englewood'' need to be completed and installed. Harold to work with the City to get this accomplished. VI. Board Members Choice There being no further business Duemke made a motion to adjourn meeting, Hathaway seconded and passed the motion. The meeting was adjourned at 1:30 p.m.