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HomeMy WebLinkAbout1995-02-08 EDDA MINUTESENGLEWOOD DOWNTOWN DEVELOPMENT AUTHORITY 3333 south Bannock, suite 480 Board of Directors February 8, 1995 Minutes Members Present: Close, Collins, Duemke, Kaufman, Kientz, Pfannensteil, Sanchez, Oxman, Coleman Members Absent: staff Present: Hathaway, Todd Celva, Doyle Guests/Visitors: Lee Merkel, Director of Community Development Skip Miller, Miller Development I. Selwyn G. Hewitt, Arapahoe Philharmonic Ron Straka, Urban Design Consultant Introduction of Guests and Visitors The meeting was called to order at 12:10 p.m. Harold Celva welcomed Lee Merkel, Director of community Development, Skip Miller, Miller Development, Selwyn G. Hewitt, Arapahoe Philharmonic and Ron Straka, urban design consultant. II. Approval of Minutes Chairman Close asked if there were any additions or corrections to the minutes of the January 11th meeting. There being none a motion was made by Duemke, seconded by Collins and passed unanimously approving the minutes as presented. III. Treasurer's Report Oxman reported that the December, 1994 Treasurer's Report and Revenues and Expenditure Report shows a year end fund balance of $50,206.59. The anticipated balance was higher since not all the budgeted projects had been posted. A motion was made by Collins to accept the Treasurer's Report, seconded by Kaufman and passed unanimously approving the report as presented. IV. Director's Report A. Cinderella City Redevelopment Skip Miller -Miller Development Skip Miller in his presentation on the Cinderella City Redevelopment to the Board of Directors gave a overview on the major issues that will be impacting the development in the Englewood area. The redevelopment concept is a lengthy process and there are many obstacles to overcome as they go through the process. The city officials, Lee Merkel and Mr. Miller are dealing with three initial hurdles in their current weekly meetings: 1) redevelopment agreement with the city; 2) meeting with Equitable regarding land transfer and title issues and 3) marketing to prospective tenants. Miller Development will be meeting Thursday with Equitable to discuss the land transfer and the major title issues. The developers will simultaneously meet with the tenants to review their plans for the redevelopment. Skip Miller told the Board that he is the sole owner of the Miller Development Corporation and that he is partnered, for this venture with the Kitchell Corporation, a major construction company out of Phoenix who will provide the project funding. Thirty percent of Kitchell is now owned by a large German corporation. John Novak, designer for Cinderella City's urban design has completed major retail developments in Tulsa, Oklahoma and the Denver Tabor center. Miller explained they will be dealing with the street issues and how additional parking effects the general population in Englewood and the surrounding areas. The site will be developed for and marketed to the "big box" type of user. Miller stated that the larger corporations in retail business today, such as, Wal Mart, Target, etc., are built differently and have specific requirements for the way they receive and order merchandise and will consequently be built to suit the individual tenants. The parking deck at Cinderella City will be torn down with the exception of a section on the west side that may be used for the potential rapid transit and light rail system. There is uncertainty regarding this, at that this time since the completion of the rapid transit and light rail system will not be for at least five more years. The plans call for development of the center to be on an East to West axis with the movie theaters and entertainment center in proximity of the transit site. The entertainment complex will consist of a movie theater complex with up to fifteen screens and a virtual reality theater that may be as large as so,ooo square feet. The project will be called the Englewood Civic Center. The projected time period for the demolition is six months, twelve months to rebuild and V. one year to sign up tenants for a total of 2-1/2 years. Much of this will be done concurrently. Bill Coleman requested for Director Celva to explain to Miller EDDA's mission and purpose in the Englewood community. Celva stated that as a taxing entity EDDA is concerned with the well-being of the entire district and input of the business district. On behalf of the Board, Director Celva thanked Skip Miller for his presentation. B. Other A proposal from Sullivan and Hayes and King soopers for the redevelopment of Trolley Square will be presented to City Council on Monday, February, 23rd. King Soopers wants to buy Trolley Square and remove parking d~ck, eliminate the building housing Anita's, exp&nd King Soopers into the space occupied by the 1a·undry mat and second hand store with a new pad located on the north east corner of the site. Board Members Choice There being no further business Collins made a motion to adjourn meeting, Coleman seconded and passed the motion. The meeting was adjourned at 1:30 p.m.