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HomeMy WebLinkAbout1992-03-11 EDDA MINUTES• • RECORD OF PROCEEDINGS 100 Leaves FORM 50 C. F. HOECKEL B. a. IJ: L. co. ENGLEWOOD DOWNTOWN DBVELOPNEN'T AUTHORITY 3333 s. Bannock -Englewood. co1orAdo so110 Members Present: Members Absent: Staff Present: Visitors/Guests: MINUTES March 11, 1222 Birdsall, Close, Collins, Green, Hathaway, Kaufman, Myhre, Pendleton, Shepherd McElhinney, Oxman Celva, Persinger Linda Martin The regular meeting of the Englewood Downtown Development Authority Board of Directors was called to order by Chairman Close at 12:09 p.m. Chairman Close welcomed everyone and asked L. Martin to introduce herself for benefit of the new board members. L. Martin stated she was the acting director of Community Development for the City of Englewood. MINUTis Chairman Close asked if there were any comments regarding the Minutes dated February 12, 1992. R. Hathaway moved, seconded by G. Birdsall to accept the Minutes as written. The motion passed by voice vote. TREASURER'S REPORT G. Birdsall ref erred to the addition of the new Statement of Revenues and Expenditures report received by the Board members in their packets and asked for comments. G. Birdsall also reviewed expenses from January and stated nothing seemed out of the ordinary. It was noted that a charge of $.4, 500 was inadvertently encumbered twice in Dec. 1991, but the correction has been made. L. Shepherd moved, seconded by R. Hathaway to approve the Treasurer's Report. The motion passed by voice vote. Chairman Close referred to the new report and asked about the personnel salaries and asked if the figures were correct. L. Martin stated the figures were probably correct, but due to 26 pay periods this year the salary figure would change somewhat from month to month. Discussion ensued regarding the new report. FORM 50 C. F. HOECKEL B. B. I: L. CO. MINUTES March 11, 1992 Page Two CHAIRMAN'S REPORT • RECORD OF PROCEEDINGS 100 Leaves Chairman Close referred to a green flyer included in the board member packets when reminding everyone of the Security Fair held at Cinderella City Mall, co-sponsored by the EDDA, Chamber of Commerce, and Cinderella City Mall. G. Birdsall asked if these flyers went out to the EDDA merchants; H. Celva stated some had been passed out and that the Chamber of Commerce had passed out these same flyers in their newsletters and had also been calling merchants to remind them of the fair. BOARD MEMBER'S CHOICE -s. Kaufman stated his concern regarding the EDDA office lease with the First Interstate Bank and questioned whether the EDDA was receiving the best deal possible. D. Green, Exectitive Vice President for First Interstate Bank of Englewo9d, briefly explained the Bank's restrictions regarding leasing. s. Kaufman also stated his concern regarding the deficit showing on our budget already in the year. H. Cel va explained to s. Kaufman that until revenues are collected, our reports will show more expenditures than revenues. -s. Kaufman stated that he had attended a meeting at the Englewood Library in which City Council and Englewood Chamber of Commerce members were present, but noted he was disappointed to see nobody from the EDDA. S. Kaufman noted the meeting was important and very informative and would encourage the local merchants and residents to attend these meetings for their own benefit. -R. Hathaway stated that City council was concerned over a letter that H. Cel va had sent Verne Batchelder, Farmers Market. R. Hathaway stated that City Council was questioning whether the EDDA had authority to send a letter of that nature to Mr. Batchelder. Copies of that letter were passed out to each Board member at that point, while H. Celva explained the contents and the reasoning behind the letter, including information that the EDD~ had in the past taken out the required city permit for the Market, had a liability risk, and had incurred expenses and ill will due to the Market operations. Chairman Close explained the history behind the Farmers Market in Englewood with regards to the merchants. Discussion ensued. It was not$d the EDDA's concern and authority was in the fact that the Farmers Market was not a positive step for the EDDA district merchants. L. Martin stated she felt the City Council had learned some lessons with regards to the Farmers Market situation. R. Hathaway added that City council was looking into changing the procedures fqr holding such an event. • FOR M so C. F'. HOECKEL a. e. a L. co. MINUTES March 11, 1992 Page Three • RECORD OF PROCEEDINGS 100 Leaves -L. Shepherd gave a brief update on the Small Business Develo~ment Revolving Corporation Loan Fund, which was presented at the last board meeting, and noted he would be attending the next City Council study Session to give a presentation. L. Shepherd also mentioned he had met with Pam Pepper, Economic Development Coordinator for City of Englewood, and they had reviewed a copy of By-Laws drafted by P. Pepper. L. Shepherd stated that after a presentation is made to City Council, he would like to have City Council make a commitment to approve the concept and funds for the project, based on legalities, as done so by the EDDA and the Greater Englewood Chamber of Commerce. Discussion ensued. H. Celva stated he had called Rick Dewitt's office, City of Englewood attorney, regarding the distribution of the EDDA's portion with regards to its district. H. Celva explained, that according to their office, the same percentage of funds donated by the EDDA needs to be spent within the EDDA district. R. Hathaway commented, that at this point, the City Council would like a presentation on the concept of the fund, not necessarily the distribution. Chairman Close stated he would like to have L. Shepherd as the EDDA spokesperson for this project when making any presentations to City council. Chairman Close thanked L. Shepherd for his update. -s. Kaufman questioned how the EDDA worked as a liaison between the private sector and the City of Englewood when attracting new businesses to the area. H. Celva stated that the job of the EDDA is to let the business know that their particular business is supporting the EDDA and the EDDA should be used as their tool. R. Hathaway noted that P. Pepper, Economic Development coordinator for the City of Englewood, handled situations like these. L. Martin stated that it is the benefit of the EDDA to work with P. Pepper, but that the EDDA can also go directly to the particular board of authorities directly relating to that business to act as an advocate. Discussion ensued regarding expediting the procedures as quickly as possible to aid possible new businesses for the area. DIRECTOR'S REPORT sign Project H. Celva asked the Board members if they had reviewed the proposed location sites of the "Welcome to Downtown Englewood" signs. H. Celva noted that resulting from last month's board meeting, the site at Hampden and Santa Fe was not in consideration at this point. Discussion ensued on the three remaining sites. H. Celva asked for direction on whether to install the signs at those three locations. More discussion took place regarding design and wording of the sign. H. Celva asked everyone to take note of the samples available of street signs with reflective backing. Discussion ensued on other options and costs. H. Celva stated he will f'OR M SCI C. r . HOECKEL B. e. a L. co. MINUTES March 11, 1992 Page Four • RECORD OF PROCEEDINGS 100 Leaves investigate further into costs and other options and report back to the board members. s. Collins noted his concern about not being able to view a whole package of options on the whole sign project while trying to determine the best decision on this matter. H. Celva explained that there is no "whole package" due to the fact that one element of the sign project has been approved and an item of discussion for many months, with changes having been made to the initial design, and new concepts added to the sign project not yet having board input or approval. H. Celva stated that City of Englewood Public Works has budgeted this year to replace 100 of 260 globes needing replacement in the downtown area. These are fixtures initially installed by the EDDA. H. Celva stated the globes cost $46 each to replace and suggested the EDDA buy the additional globes to complete the replacement project. H. Celva stated that the EDDA needs to be more than concerts and festivals and that the EDDA needs to do more concrete things, such as the replacement program. Discussion ensued. s. Kaufman offered to check his sources for a better price on these globes. Discussion routed back to the sign project with regards to life expectancy of the signs and the reflectiveness. H. Celva suggested holding a special meeting to finish the items on the agenda due to the time. Chairman Close asked the Board if a second meeting was needed. A meeting time will be determined at a later date. Chairman Close adjourned the meeting at 2:00 p.m.