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HomeMy WebLinkAbout1994-09-14 EDDA MINUTES/ e d - • ENGLEWOOD DOWNTOWN DEVELOPMENT AUTHORITY 3333 South Bannock, Suite 480 Board of Directors Minutes 9/14/94 Members Present: Coleman, Collins, Duemke, Kientz, Pfannensteil, Sanchez, Oxman, Hathaway Members Absent: Todd, Close, Kaufman Staff Present: Celva, Doyle Guests/Visitors: Lee Merkel, Director of Community Development I. Introduction of Guests and Visitors The meeting was called to order at 12:13 p.m. Harold Celva welcomed Director Lee Merkel to the Board meeting. II. Approval of Minutes Acting Chairman Collins asked if there were any additions or corrections to the minutes of the August 10th meeting. There being none a motion was made by Duemke, seconded by Coleman and passed unanimously approving the minutes as presented. III. Treasurer's Report Director Celva reported a $3,000,000 decrease in the assessed evaluation of district. Oxman reviewed the Treasurer's Report and stated 90% of revenue collected. The fund balance for August was $83,000. Board member Hathaway made a motion to approve the Treasurer's Report. It was seconded by Kientz and passed unanimously approving the Treasurer's Report as presented. IV. Director's Report A. Review of the process for a facilitated discussion of issues involving Building Department. Celva reported that the City will pursue the process and that EDDA will play a role as outlined in Doug Clark's letter. Randie Barthlome will lead the process e for the City. Doug Allen from the University of Denver will be submitting a proposal which will be forwarded to the EDDA Board members. Bill Coleman questioned EDDA'S further participation and financial contribution. Coleman said that it was the responsibility of the City Manager and City Government to correct their own internal problems. Lee Merkel stated that funding was not a big issue but shared ownership between City, EDDA and Chamber of Commerce and others was important. He further commented that the process could be started as soon as Doug Allen's proposal had been received with the major part completed before Thanksgiving. Discussion ensued. Board member Hathaway commented that to ensure an objective set of eyes, EDDAs participation and funding was important. The Board decided that EDDA would fund up to 50% of the process. a~ Discussion of Trolley Square and Cinderella City with Director of Community Development, Lee Merkel. Lee Merkel stated that the City was in the process of performing the necessary due diligence in relationship to Equitable and Cinderella City. Merkel further related that the owners of Cinderella City were protesting their property evaluation in district court. The outcome of this case may help determine the speed at which negotiations are completed. He stated that a process was being developed to establish criteria for selection. At this point he felt three separate entities would be part of the selection process, those would be: (a) Selection Committee composed of City staff; (b) Professional Advisory Team composed of professional consultants; (c) Community Team composed of representatives of the residential sector, EDDA, Chamber of Commerce, historic society, private sector owners, etc. He invited EDDA to be part of this process. This proposal was discussed at length by the Board who felt that the interest and concerns of the business community needed to be addressed in a separate form from those of the residents. Merkel went on to relate that Trolley Square is still in the hands of the FDIC and the owner John Martin is not current on his note payments to the FDIC. Merkel was concerned that if the property is redeveloped the building fronting on Broadway may be demolished. He will keep EDDA Board informed. c. Other e v. Board Members Choice EDDA Board needs representation from largest area employer. An inquiry needs to be made to Margaret Sabin regarding representation of Swedish Hospital on EDDA Board. VI. Chairman's Report Acting Chairman Collins had nothing to present to the Board. There being no further business Kientz made a motion to adjourn meeting, Duemke seconded and passed the motion. The meeting was adjourned at 1:24 p.m.