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HomeMy WebLinkAbout1986-08-06 EURA MINUTES, • • • I. ENGLEWOOD URBA RENEWAL AUTHORITY August 6 , 1 986 CALL TO ORDER. /JD B The regular meeting of the Englewood Urban Renewal Au thority was called to order by Chairman Voth at 5:40 P. M. Members present: Mcintyre, VanDyke, Voth, Keena Powers, Executive Director Members absent: Minnick, Totten, Cole, Daugherty Also present: Wm. Richard Hinson, Assistant Director Penny Dietrich, EDDA Executive Director Paul Benedetti, URA Legal Counsel II. Steve Bell, Financial Advisor Judy McBride, Financial Advisor Mayor Eugene L. Otis Council Members Vobejda, Bradshaw, Kozacek City Manager Mccown Assistant City Manager Vargas Public Relations Specialist Dalquist Visitors Tom Fitzpatrick, Bob Vance, and Dennis VanDyke . APPROVAL OF MINUTES. July 2, 1986 July 23, 1986 Chairman Voth asked for a motion to consider the Minutes o f J u ly 2, 1986 and July 23, 1986. Ms. Keena noted a correction on Page 4 of the July 2 Minutes ; she asked that the phrase "and minimize the costs for the thre e day project" be added to the motion. VanDyke moved: Keena seconded: The Urban Renewal Authority approve the Mi- nutes of July 2, 1986 as amended, and a p prove the Minutes of July 23, 1986 as written . AYES: NAYS: ABSENT: ABSTAIN: VanDyke, Voth, Keena, Mcintyre None Totten, Minnick, Cole None The motion carried. III. SELECTION OF REDEVELOPER Phase III, Downtown Mr. Voth asked whether the Authority should conduct their dis cus - sions on the four proposals that have been received for Ph a s e II I -1 - of the Downtown Project in Executive Session. Mr. Benedetti stated that if the financial statements of the prospective developers were to be discussed, it should be done in Executive Session because this is highly confidential material. Keena moved: VanDyke seconded: The Englewood Urban Renewal Authority go into Executive Session. AYES: NAYS: ABSENT: ABSTAIN: VanDyke, Voth, Keena, Mcintyre None Totten, Cole, Minnick None The motion carried. Ms. Dietrich and Messrs. Fitzpatrick, Vance and VanDyke left the meeting for the Executive Session. * * * * * * * * * * * Director of Engineering Services Ragland entered the meeting at 5:50 P. M. Urban Renewal Authority member Minnick entered the meeting at 6:05 P. M. Bill Cunningham of Laventhol-Horwath entered the meeting. Councilman Higday entered the meeting at 6:10 P. M. Authority Member Daugherty entered the meeting at 6:15 P. M. * * * * * * * * * * * Keena moved: VanDyke seconded: The Urban Renewal Authority come out of Executive Session. AYES: NAYS: ABSENT: ABSTAIN: VanDyke, Voth, Keena, Mcintyre, Minnick None Totton, Cole None The motion carried. Mr. Voth called the meeting of the Authority back to order, and asked Ms. Powers to review the proposals which were received. The proposals were briefly discussed, as well as the staff analy- sis and recommendation. Mr. Voth asked if there were any ques- tions from those in attendance regarding the proposals received from Ross Investment Group, Osprey, Englewood Associates, or Yeakel-Holland Partnership. Discussion ensued. - 2 - ' • • • • • • Keena moved: Minnick seconded: The Englewood Urban Renewal Authority direct the staff and Legal Counsel Benedetti to nego- tiate with Ross Investment Group for a period of 60 days to write a development agreement for Phase III of the Downtown Project. It is the opinion of the Authority that Ross Invest- ment Group has the financial and legal ability to carry out the project as required in the State Statutes and the adopted Downtown Re- development Plan. Ms. Powers stated that she had discussed the proposals with Mr. Totten, who could not be in attendance this evening. Mr. Totten had indicated he was comfortable with the proposal from Ross In- vestment Group, but did have some concern about the language of the proposal. AYES: NAYS: ABSENT: ABSTAIN: Voth, None Cole, None Keena, Mcintyre, Minnick, VanDyke Tott on The motion carried. Ms. Powers asked if there are specific items the members of the Authority, City Council, or City staff want to see included in the Redevelopment Contract to let the Urban Renewal Authority staff know. Ms. VanDyke stated that she felt one item that should be included for further negotiation is the water feature; this should be de- veloped to a further degree. She asked if the negotiations could result in more specificity on the type of restaurants that are proposed for this downtown area. Mr. Kozacek suggested that if possible, restaurants should be encouraged to provide some type of entertainment during the dining hours; this seems to bring people into an establishment. Ms. Keena asked if the difficulties the Authority has experienced with Brady Corporation could present problems on the development of Phase III by Ross Investment Group. Ms. Powers stated that no problems were anticipated at this time. Ms. Keena asked about the amount of the Letter of Credit. Ms. Powers indicated that the amount cited will be adequate during the 60 day negotiation period, but that it will increase when a contract is signed. Ms. VanDyke stated that she felt the minimum landscaping of the site should be such that it blends in with the landscaping of the Englewood Parkway. Further discussion on the minimum landscaping requirements ensued. - 3 - Mr. Minnick asked who would be responsible for the extension of the box conduit, and the construction of more vents that will be required. Ms. Powers stated that this will be the expense of the Authority. Ms. Cole entered the meeting at 6:25 P. M. Mr. Minnick asked about the overflow for Little Dry Creek; what provision has been made for drainage through the site. Will the building that is proposed on the curve of the Parkway be placed on "stilts" to allow drainage flow beneath the building. Mr. Higday stated that he would hope the Authority members are as concerned about landscaping provisions as the city Council mem- bers are. Discussion ensued. Total review of the site plan and building plans was discussed. This review would include such matters as building materials, color, texture, etc. Ms. Keena stated that she would like to see such concern extend beyond the redevelopment area, so that there is coordination of the over-all development which is occurring in the City . Access to the Phase III area at South Bannock Street was discussed. Ms. VanDyke excused herself from the meeting at 6:30 P. M. The overall design of the Ross proposal was further discussed. Mr. Higday stated that he felt there should be modification of the design; it presently appears that there is a "downtown pocket" within the downtown, and he questioned that this would be workable. The design of the buildings with "back doors" facing the Parkway was discussed. Ms. Powers stated that Ross has indicated that there will be display windows facing the Parkway, with the main entrance from the interior parking area. Ms. Bradshaw asked about a redesign to alleviate the concentra- tion of parking in the center of Phase III as shown on the Ross plan. Mayor Otis stated that he felt the design should contribute to a "flow" from one segment of the City to another, and not be an "isolated" segment of development. Ms. Bradshaw mentioned the need for pedestrian walkways to access this area from the east and west. Further brief discussion ensued. Ms. Powers stated that she will prepare a list of items to be included in the negotiations with Ross. - 4 - • • • • • • IV. RELOCATION PAYMENT • Ivan's Tonsorium Mr. Hinson stated that Mr. John Yost, dba Ivan's Tonsorium, relo- cated to the Denver Tech Center in June, 1986. Mr. Yost has sub- mitted a request for relocation benefits in the amount of $14,077.97. Staff has analyzed this request, and recommends pay- ment of $8,766.61. Mr. Hinson noted that the primary areas of change in what was requested and what is recommended was in the category of Advertising, which requested exceeded the amount au- thorized by the Authority, and in the hourly rate paid to Ivan's workers in packing for the move, which also exceeded the rate approved by the Authority. Also, there were some items which Mr. Yost had indicated were obsolete which were disallowed. Mcintyre moved: Cole seconded: The Urban Renewal Authority approve payment of $8,766.61 to Mr. John Yost, dba Ivan's Ton- sorium, as partial relocation payment. AYES: NAYS: ABSENT: ABSTAIN: Cole, Keena, Mcintyre, Minnick, Voth None Totton, VanDyke None The motion carried . v. FLETCHER ENTERPRISES. Park Floral Demolition Mr. Hinson discussed a change order filed by Fletcher Enterprises on the Park Floral demolition project. A large greenhouse area was built partially below grade, which has necessitated addition- al fill dirt. This has been accomplished, and the site has been leveled, and is ready to be turned over to Osprey when they close on the purchase of the site from the Authority. The additional fill dirt, 873 cubic yards at $5.90 per cubic yard, comes to a total of $5,150.70. Staff recommends that this change order be approved. Minnick moved: Mcintyre seconded: The Urban Renewal Authority approve the change order requested by Fletcher Enterprises, and approve payment of $5,150.70 for 873 cubic yards of fill dirt required on the Park Floral site. AYES: NAYS: ABSENT: ABSTAIN: Keena, Mcintyre, Minnick, Voth, Cole None Totten VanDyke None The motion carried . Ms. Keena excused herself from the meeting at 6:45 P. M. -5 - VI. FINANCIAL REPORT. Ms. Powers discussed the financial report, and noted that when all the bills have been submitted for the construction of Engle- wood Parkway, the format of the printout will be changed to re- flect a summary on the Parkway expenses, and will show detailed expenditures on the Inca Street construction, Little Dry Creek construction, etc. Ms. Powers discussed budget figures that she has prepared in- dicating when payments are due, the amount due, the source of the payment, and the anticipated revenues. Discussion ensued. Ms. Powers reported that the valuation hearing on the Midland Property was held earlier this month, and the award was made at $899,000. Mr. Voth asked what hearings are yet to be held, and an approximate date of those hearings. Ms. Powers stated that the valuation on the Eisen leasehold interest in scheduled for the first week in September; Physical Whimsical leasehold inter- est, no definite schedule; T. W. Anderson valuation hearing is scheduled for the last week in September; Park Floral valuation hearing, no definite schedule; Ali Baba leasehold hearing was held and "settled", but they are now appealing this settlement; Lewan has appealed the valuation determination, and this appeal was denied and he has been directed to repay to the Authority $10,000. There has been no scheduled date for the valuation hearing on the First National Bank property. VII. CONSTRUCTION REPORT. Ms. Powers stated that a map of the reconstructed Inca street was included in the packet. Ms. Ragland stated that Bituminous Roadways will be doing the work on South Inca Street; they were the contractor on the Engle- wood Parkway. Construction will begin at Inca/Ithaca on curb and gutter. Work at Jason and Ithaca will be sewer work, and the contractor will then work toward U. s. 285 in the construction of the street. Discussion ensued. VIII. BUYER'S CLUB STATUS REPORT. Ms. Powers reported that the City Council passed an Inducement Resolution for Industrial Development Bonds for Buyer's Club at their meetin9 of August 4. Second reading on the Resolution will be on August 18. Ms. Powers stated that Buyer's Club and Osprey are working on leasing the specialty retail area, and have a cou- ple of busin1esses nearly signed. Ms. Powers stated that she was not sure of a date for the formal groundbreaking on the Buyer's Club/Home CJLub development, but anticipated sometime about the end of Augui;t or first of September. Buyer's Club still antici- pates opening just before Thanksgiving of 1986. - 6 - • • • • • • IX. JBC STATUS REPORT • Ms. Powers stated that this developer is proceeding. A manage- ment company for the housing development has been engaged, and an architect has been hired to do design work. Closing on the sale of this property will be on September 10. x. LAWSUIT UPDATE. Mr. Hinson stated that the staff has negotiated with Mr. Bilett to obtain right-of-way needed for the South Inca Street realign- ment. Mr. Bilett stated that he would accept the appraisal done by the Authority; however, there was no agreement between Mr. Bilett and his lessee on the financial ramifications this ac- quisition would have on the lessee. Eminent domain proceedings were instituted by the City of Englewood, and an immediate pos- session hearing is scheduled for August 13. Mr. Hinson stated that he understands that an agreement has been reached by Mr. Bilett and his lessee, but the eminent domain action will proceed as scheduled. XI. BANNOCK STREET MEDIAN. Ms. Powers discussed the construction of the median in U.S. 285 between Bannock and Broadway. Landscaping of this median was planned to be delayed until next year, but the Parks Department feels that the landscaping and irrigation of the median can be accomplished for less than $5,000 at this time. Discussion ensued. Minnick moved: Cole seconded: The Urban Renewal Authority approve expendi- ture of up to $5,000 for landscaping and ir- rigation of the Bannock/U.S. 285 median; the work to be accomplished by the Englewood Parks and Recreation Department. AYES: NAYS: ABSENT: ABSTAIN: Mcintyre, Minnick, Voth, Cole None Totton, VanDyke, Keena None The motion carried. XII. LITTLE DRY CREEK. Ms. Powers stated that advertisement for bids for construction of Little Dry Creek channel improvements from Clarkson to Broadway will begin on August 13; bids will be opened on September 9, and a special meeting of the Authority will be held on September 17 to award the construction contract . Discussion ensued. Mr. Minnick suggested that particular atten- tion should be paid to the location of the bicycle trail along - 7 - Little Dry Creek and how it will tie into the location of a bicy- cle trail on the west side of Broadway through the Phase III development. Further discussion ensued. XIII. MISCELLANEOUS. Ms. Powers gave members of the Authority copies of the Minutes of the hearing before the Liquor Licensing Board at which meeting the Trolley Square Liquor application was denied. Ms. Powers stated that copies of a study prepared by Laventhol & Horwath for the Englewood Downtown Development Authority were included in the packet for the information of the members. XIV. CONSTRUCTION EASEMENTS. Mr. Hinson suggested that the Authority may want to discuss some of this information in Executive Session. Minnick moved: Cole seconded: The Urban Renewal Authority go into Executive Session. AYES: NAYS: ABSENT: ABSTAIN: Minnick, Voth, Cole, Mcintyre None Tatton, VanDyke, Keena None The motion carried. Minnick moved: Cole seconded: * * * * * * * * * * The Urban Renewal Authority come out of Executive Session. AYES: NAYS: Voth, Cole, Mcintyre, Minnick None ABSENT: ABSTAIN: Tatton, VanDyke, Keena None The motion carried. Minnick moved: Mcintyre seconded: The Englewood Urban Renewal Authority approve and adopt Resolution #9, Series of 1986, A RESOLUTION OF THE URBAN RENEWAL AUTHORITY AU- THORIZING THE PURCHASE OR CONDEMNATION OF THE FEE SIMPLE INTEREST IN PORTIONS OF CERTAIN PROPERTIES AND EASEMENTS IN THE CITY OF ENGLE- WOOD BY THE ENGLEWOOD URBAN RENEWAL AUTHORITY IMPLEMENTING THE ENGLEWOOD DOWNTOWN REDEVELOP- MENT PLAN. - 8 - • • • .. • • • AYES: NAYS: ABSENT: ABSTAIN: Voth, Cole, Mcintyre, Minnick None VanDyke, Keena, Totten None The motion carried. Minnick moved: Mcintyre seconded: The Englewood Urban Renewal Authority au- thorize the Urban Renewal staff to continue negotiations to obtain the remaining parcels. AYES: NAYS: ABSENT: ABSTAIN: Voth, Cole, Mcintyre, Minnick None Keena, Totten, VanDyke None The motion carried. XV. PUBLIC FORUM. EDDA Executive Director Penny Dietrich stated that she has now received a final report on the Laventhol & Horwath study that was done for the EDDA. She stated that she would like to review that report in more detail with the Authority at their next regular meeting . Ms. Dietrich stated that she felt the EDDA would be in support of strengthening the minimum landscaping requirements. Ms. Powers suggested that this be discussed with the EDDA Board, and if they do support strengthening the minimum requirements, that a resolu- tion be passed and submitted to City Council. Ms. Dietrich asked what the time lapse is before a liquor store may reapply for approval. Ms. Powers stated that there is a two year restriction on the same applicant and the same address. XVI. 3400 BLOCK SOUTH BANNOCK STREET. Mr. Hinson reported on discussions he has had with Mr. Bob Vance, Mrs. Ann Bell, and Ms. Joyce Hirsche, and the concerns they have expressed on the future of their properties. The meeting was declared adjourned at 8:05 P.M . -9 -