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HomeMy WebLinkAbout1992-10-14 EDDA MINUTES" ENGLEWOOD DOWNTOWN DEVELOPMENT AUTHORITY 3333 South Bannock Street, #480 Englewood, Colorado 80110 Members Present: Members Absent: Staff Present: Visitors/Guests: MINUTES October 14, 1992 Birdsall, Close, Collins, Hathaway, Kaufman, Pendleton, Shepherd Green, Myhre, Oxman, Watts Celva, DeGray, Pardys None The October regular meeting of the Englewood Downtown Development Authority Board of Directors was called to order by Chairman Close at 12:20 p.m. 1. Introduction of Guests and/or Visitors H. Celva introduced Richard Pardys to the Board members who were not in attendance at the September 9 meeting. Pardys is interning with the EDDA, working on the Broadway Downtown Business Improve- ment Program.. He is doing ary inventory of buildings along Broadway to decide which buildings are of architectural importance and where basic renovations would be of value. 2. Approval of Minutes Secretary s. Collins inquired whether there were any comments regarding or changes to the Minutes dated September 9, 1992. It was moved to accept the Minutes as written. The motion passed by voice vote. Secretary s. Collins inquired whether there were any comments regarding or changes to the Minutes of Special Meeting dated September 23, 1992. It was moved to accept the Minutes as written. The motion passed by voice vote, with abstention of R. Hathaway noted, as she was not in attendance. 3. Treasurer's Report The August Treasurer's Report was presented at this meeting by Treasurer G. Birdsall, as specified in the September minutes. i c: MINUTES October 14, 1992 Page Two Motion was made to accept the August Treasurer's Report as written; motion carried by voice vote. The September Treasurer's Report was also presented. Birdsall noted that revenues received comported percentagewise with revenues at the same point in previous years. Expenditures are at 58%, basically because certain major budgeted expenditures have not yet been incurred or deducted $50,000 for the Small Business Development loan program, $45,000 for Christmas decorating and advertising, and $25,000 for signage. Motion was made to accept the September Treasurer's Report as written, subject to correction of reporting for "Reserve for Property Tax Refunds/Abatements" line item; motion carried by voice vote. 4. Chairman's Report Chairman Close introduced the matter of selecting a replacement for Director T. Myhre following Myhre's resignation at the September meeting. It was suggested by the Board that H. Celva should invite the store managers of Jewelfire Diamonds and Joslins to the next EDDA Board meeting, in this connection. 5. Board Member's Choice a. R. Hathaway advised the Board that the EDDA request for financial funding assistance from the City for certain 1993 EDDA activities has "fallen through a crack" in the City budget process. To partially compensate for this omission, a directive authorizing City support of 1993 EDDA activities by $10,000 "in kind" assistance is currently proposed and due for Council consideration. s. Kaufman suggested that the EDDA funding request for financial assistance be accompanied by a document which chronologically details EDDA activities/assistance to the city over the years, as backup to substantiate the 1994 request. b. s. Kaufman reported to the Board regarding a meeting arranged by Fred Kaufman between property owners on the east side of Broadway (at the Englewood Appliance location) and Roger Fraser, regarding renovation or restoration of that block. R. Hathaway suggested this possibly might be accomplished through Project Rebuild, although research would be necessary since the project would be more renovation than rebuilding. c. L. Shepherd commented on independent efforts made by individual business owners to improve their business facades and signage. R. Hathaway suggested these businesses could be nominated for awards through the City of Englewood Clean, Green & Proud • MINUTES October 14, 1992 Page Three program. H. Celva was directed by the Board to pursue EDDA giving its own awards, some type of recognition certificate, on a monthly basis. d. G. Birdsall reported that the Owner's Promotion at Cinderella City Mall was underway. e. R. Hathaway advised that negotiations continue with RTD on the circulator bus project for Englewood. This circulator bus project approval seems to be dependent on RTD receiving light rail extension approval. 6. Director's Report a. Budget --H. Celva presented to the Board the 1993 EDDA Budget for approval. Motion was made by G. Birdsall, seconded by s. Collins, to approve the 1993 Budget as published. Motion carried. b. Mill Levy --H. Celva advised that considering the 1993 assessments for the EDDA District, an increase in the 1993 EDDA mill levy to 5 mills was necessary to generate revenue comparable to 1992. Motion was made by L. Shepherd, seconded bys. Kaufman, to request a 1993 mill levy of 5 mills. Motion carried. c. Other i) Facade Program --by the November meeting, there will be five to six recommendations of businesses which could utilize the facade revitalization program. It is necessary that, as a condition of investment of this money in private property, the landlord must agree that rents will not be raised for current tenants as a result of the facade improvement. ii) A cooperative advertising program is being developed for holiday advertising with the EDDA and Cinderella City and Downtown merchants. As there was no further p.m. meeting was adjourned at 1 :·so