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HomeMy WebLinkAbout1991-01-09 EDDA MINUTESRECORD OF PROCEEDINGS 100 Leaves FORM ~ C. F. HOECKE L a. a. a L. co. ENGLEWOOD DOWNTOWN DEVELOPMENT AUTHORITY 3333 South Bannock -Englewood. Colorado 00110 Members Present: Members Absent: Staff Present: Guests/Visitors: MINUTES January 9, 1991 Tomooka, Oxman, Steele, Shepherd, Green, Hathaway, Chavez, Close, Pendleton Birdsall Hayes, Persinger Pam Pepper, Neil McElhinney The regular meeting of the Englewood Downtown Development Authority Board of Directors was called to order by Chairman Gordon Close at 12:14 p.m. Chairman Close wished everyone a Happy New Year and a successful year for everyone. Chairman Close asked A. Chavez to introduce her visitor to the Board. A. Chavez introduced to the Board, Neil McElhinney, vice president of hospital services in charge of daily operations of Swedish Hospital. In regards to A. Chavez's resignation, Neil McElhinney stated he would like to be considered to fulfill A. Chavez's remaining term on the EDDA Board of Directors. Chairman Close welcomed Mr. McElhinney to today's meeting. Chairman Close asked for a motion to accept the Minutes as written from the December 12, 1990 meeting. W. Tomooka moved, seconded by R. Hathaway to accept the minutes. The motion passed unanimously by voice vote. TREASURER'S REPORT G. Birdsall was not able to make the meeting today, so in his absence he asked if P. Hayes would give . his .report. P. Hayes stated that actual expenditures year-to-date exceeded revenues by $20,790 as a result of prepaying the bank loan to First Interstate Bank in the amount of $61,104. She also stated that this was a planned expenditure and that money was approved and withdrawn from the General Fund balance to cover this expense. P. Hayes also stated EDDA stayed well within the budget for 1990. Chairman Close asked for a motion to accept the Treasurer's Report dated November 30, 1990. R. Hathaway moved, seconded by A. Chavez to accept the Treasurer's Report. The motion passed by voice vote. FORM 50 C. F. HOECKE L 8 . e. & L. co. MINUTES January 9, 1991 Page Two CHAIRMAN'S REPORT RECORD OF PROCEEDINGS Anna Chavez's Resignation 100 Leaves Chairman Close recognized A. Chavez's participation on the EDDA Board of Directors and stated it was a real pleasure working with her. At that point Chairman Close presented A. Chavez with a plaque with the Board's appreciation. She was asked to keep in touch. A. Chavez noted she would keep the Board informed of her future endeavors. General Fund Transfer Chairman Close said a General Fund Transfer would not be necessary to withdraw monies from the General Fund for use in the 1991 budget. P. Hayes said, per Julie Lucas, the chief accountant for the City of Englewood, the money will be automatically withdrawn at the end of the year. New secretary B. Pendleton and L. Shepherd were both considered to take over as secretary in A. Chavez' departure. L. Shepherd noted if he were to take on the responsibility of secretary, he would not be able to attend the Executive Board meetings on Wednesdays due to other commitments. It was asked if L. Shepherd would accept the position if the Executive Board meetings were moved to the first Tuesday of each month. L. Shepherd agreed. R. Hathaway motioned, seconded by D. Green to approve L. Shepherd for the new secretary. BOARD MEMBER'S CHOICE R. Hathaway informed the EDDA Board of Directors that a suggestion was brought up at the City Council meeting to replace the holiday red ribbon around the light poles in downtown Englewood with yellow bows to honor the men and women in Operation Desert Shield, and also asked if EDDA would be willing to pay for this project. All thought this was a good idea. w. Tomooka also agreed, but felt this should be promoted as a city project with a donation from the EDDA. L. Shepherd stated as a participant in the EDDA Board of Directors, an Englewood Chamber member, and the Coalition, he feels there is a need for a program to help small businesses in the area. He proposed a program, that would be funded by local banks, that would loan money to small businesses to help get their business off the ground. L. Shepherd asked the other board members to consider his idea. FORM so C. F'. MOECK EL B. a. a L. c o. MINUTES January 9, 1991 Page Three RECORD OF PROCEEDINGS 100 Leaves G. Oxman commented on the enterprise zone article listed in the "engleword" and asked who was included. P. Pepper stated that the 3% investment tax credit on new equipment purchased after Dec. 1, 1990 would be for all businesses (new and existing) in the enterprise zone district. B. Pendleton asked Chairman Close to have P. Pepper address the Community Development Corporation (CDC). P. Pepper felt there was a need for this type of program for existing and new businesses. Previous to the meeting, P. Pepper stated she and B. Pendleton had discussed possible contact persons (for this type of program). P. Pepper also noted the only other CDC program existing is in Ft. Collins, Colorado. She also commented CDC's are set up for all kinds of development programs and the program has a good track record for being repaid. P. Pepper tied this program with L. Shepherd's idea for a program to help small businesses. Chairman Close asked if there was any other topics to discuss; since there were none, he asked that we move on to the Director's Report. DIRECTOR'S REPORT Advertisement in Colorado Business Magazine P. Hayes stated the EDDA, in conjunction with the City of Englewood and Cinderella City Mall, placed a two-page ad in Colorado Business Magazine. P. Hayes noted the ad is a two-color ad in teal and black. It cost the EDDA $500 to place the ad and $200 for artwork. P. Pepper commented the three organizations were able to purchase an entire page for what it would cost each organization to purchase 1/6th of a page separately. P. Hayes stated she felt it was good for the EDDA to work with the other two parties on this ad. south Metro Denver Chamber of commerce Economic Development Group Membership Dues P. Hayes stated it was time to reinvest. It would cost $500 for the EDDA to reinvest, but feels South Metro is good for the EDDA. P. Hayes noted she refers people to them, and also they are an organization to which people can call and find out about downtown Englewood. P. Hayes asked if everyone agreed to reinvest. All agreed. Business Town Meeting P. Hayes stated a notice about this meeting appeared in the "engleword" newsletter and the Chamber of Commerce's newsletter. Tom Munds, editor of the Englewood Sentinel, also received FORM 50 C. F. HOECK EL 8 . 8 . a L. CO. MINUTES January 9, 1991 Page Four RECORD OF PROCEEDINGS 100 Leaves information for a future article, and on Friday, Jan. 11, the EDDA would be sending out to its merchants a direct mailing. P. Hayes stated she had received good, upbeat comments about this type of meeting from a property owner in downtown Englewood. Chairman Close also commented he had talked with other merchants who are excited about this meeting. Chairman Close encouraged the board members to personally invite people to attend the meeting. P. Hayes noted she will have extra flyers for anyone who might need them. 2nd Annual Tuileries Park Festival P. Hayes stated the first meeting will be next Wednesday, Jan. 16. She also noted there are nine people on the committee consisting of council members, downtown merchants, and residents, and also noted most of the people on this year's committee were on last year's committee as well. P. Hayes noted she will give the Board monthly updates on the progress of the planning. P. Hayes also noted the festival will be Aug. 3, 4 and that the fishing derby will be held both Saturday and Sunday this year. P. Hayes commented that vendors are starting to call for information about the festival. Desk-Top Publishing P. Hayes stated she is looking into desk-top publishing for the newsletters, flyers, and other mailings done in the EDDA office to help give a more professional look. P. Hayes also stated the EDDA office now pays others to print our mailings generated by the EDDA office and noted . it would save us money to print our own. P. Hayes noted she spoke with the Executive Board and they had no problem with this type of purchase providing it fits into the budget. P. Hayes felt the ballpark amount would be $600-$800. Before researching software any further, she asked if anyone opposed of this idea. B. Pendleton was in favor of this type of purchase. It was questioned whether our present computer printer, Hewlett Packard Desk-jet desk writer, could handle this type of job. P. Hayes felt a new printer would not be necessary. Urban Renewal Authority P. Pepper stated Rich Wanush will be in court on Jan. 10 regarding the Dec. 1, 1990 payment in which the trustees decided to make an interest-only payment instead of the full payment. other P. Hayes reminded the board regarding a possible field trip to Estes Park to see the city's downtown improvements. After some discussion, it was decided to take the trip to Estes Park on a Friday in April. P. Hayes said she would arrange the trip. e FORM 50 C. F . HOECK EL B. B. 8: L. CO. MINUTES January 9, 1991 Page Five RECORD OF PROCEEDINGS 100 Leaves P. Hayes stated she has the video on the community assessment that was done in Englewood and asked those interested in seeing the video to stay following the board meeting to decide upon a viewing time. P. Hayes stated when she had previously worked with the budget committee, they discussed a mileage allowance for herself and c. Persinger. P. Hayes noted, per the City, a $20/month allowance would be reasonable, and we would need Board approval in the Minutes, with a copy of those Minutes and a letter to Roger Fraser, city manager. It was also noted the allowance would be taxable. Chairman Close asked for a motion to approve this allowance. W. Tomooka moved, seconded by B. Pendleton to approve a $20/month allowance for both P. Hayes and c. Persinger. OTHER Chairman Close informed the Board members of the thank~you notes he had received from P. Hayes and C. Persinger thanking the Board for the flower arrangements given to them at the EDDA Holiday Reception, and also c. Persinger thanked the Board in her note for the Christmas bonus she had received. L. Shepherd inquired about the marketing plan A. Chavez and P. Hayes are working on. P. Hayes noted she and A. Chavez are done and she will be getting a copy of the 1991 Work Plan to each board member before the month is out. As there was no further business, the meeting was adjourned at 1:11 p.m.