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HomeMy WebLinkAbout2007-11-14 EURA MINUTES• • • ENGLEWOOD URBAN RENEWAL AUTHORITY November 14, 2007 I. CALL TO ORDER The regu lar meeting of the Englewood Urban Renewal Authority was called to order at 6:32 p.m. in th e Community Development Conference Room of the Englewood Civ ic Center, Chair Bertoluzzi presiding. Present: Absent: Staff: Roth (e ntered 6:37), Burns , Weeks, Weddle, Rogers, Gallardo, Bertoluzzi Jim Woodward, Council Liaison Hersh Lackner, Glenarm Partners LLC James Anderson, Municipal Capital Markets Group, In c. Helstrom (excused) Alan White, Community Development Director Harold Stitt, Community Development Manager Mark Graham, Senior Planner II. APPROVAL OF MINUTES • August 8, 2007 Chair Bertoluzzi stated that the Minutes of August 8, 2007 were to be considered for approva l. Chair Bertoluzzi requested paragraph 3 on page 2 be amended. After $24,400 add ", as referenced in the August 8, 2007 report from Development Research Partners,. Burns moved: W ed dle seconded: The Minutes of August 8, 2007 be approved as amended. AYES: NAYS: ABSTAIN: ABSENT: Burns, Roth, Weddle, Weeks, Gallardo, Rogers, Bertoluzzi None None None The motion carried. Ill. ANNUAL MEETING DATE CHANGE Mr. Stitt said the By Laws specify the ann ual meeting be held in February each year which is when the budget is approved. Because of the lateness in the year, that puts pressure on the finance department to get the audit information prepared. The proposed change is to move th e meeting from the second Wednesday in February to the re gular January meeting. It does not specify a specific date as the second Wednesday could potentially be a problem because of th e holidays. • • • Burns moved: Weeks seconded: TO CHANGE THE ANNUAL MEETING DATE IN THE BY LAWS FROM THE SECOND WEDNESDAY IN FEBRUARY TO THE REGULAR MEETING IN JANUARY EACH YEAR AYES: NAYS: ABSTAIN: ABSENT: Bertoluzzi, Roth, Weeks, Gallardo, Burns, Rogers, Weddle None None None The motion carried. IV. ACOMA PROPERTY DEVELOPMENT Mr. Graham stated the Redevelopment Agreement provides a two year option for developing the Acoma property to Englewood Arts. He noted he had summarized the main points of the Agreement in the Staff Report. The Agreement states the next phase will be to negotiate a Lease Agreement for a 99 year lease. The property that is affected is the property west of the alley and east of Acoma Street. It does not affect the Broadway frontage property. If the Broadway property is to be affected we can go forward with a separate request for proposal and Englewood Arts may participate in that request for proposal as would the City. The City could also transfer the property to the Urban Renewal Authority. He said Staff would anticipate the Redevelopment Agreement being executed in December of this year. The Schedule of Performance is included in the packet and includes several benchmarks for getting site plans and additional documents to the Englewood Urban Renewal Authority from Englewood Arts and Glenarm Partners. There are also quarterly reports required to be provided by Englewood Arts to the Englewood Urban Renewal Authority. Mr. Graham stated Staff anticipates scheduling quarterly meetings approximately the month following receipt of the quarterly report for them to present the information to the Authority. The construction documents have to be submitted to the EURA and the City within four months after the two-year fundraising period and Englewood Arts has six months after the fundraising period to obtain a building permit. Completion of the building is required within two years after the building permit is issued. Englewood Arts would have approximately five years to complete the entire project. Mr. Graham offered to answer any questions the members might have regarding the Redevelopment Agreement. The members discussed: • what constitutes fundraising • benchmarks • endowment fund • Phase I environmental report • who might rent or lease the vacant property dur·ing th e fund raising period • participation in the Business Improvement District 2 • • • • leasing space to a restaurant • how do we get to the 99 years of the lease • access to the property • timing in addressing the parking agreement • illegal alien clause • Schedule of Performance • correction to signature block for Englewood Arts • who will sign for the Englewood Urban Renewal Authority Mr. Graham will contact Mr. Benedetti to clarify the member's questions. He stated the new legal description for Exhibit A is being prepared. Chair Bertoluzzi said he would not sign for the EURA. Mr. Graham said the Vice Chair, Don Roth, would be the most obvious person to sign. Ms. Rogers suggested the members vote through a motion to authorize a certain person to sign for the EURA. Chair Bertoluzzi passed out a memorandum from the City Manager appointing Alan White as the Executive Director of the Englewood Urban Renewal Authority. The Executive Director also serves as the Secretary of the Authority. He asked Mr. Graham to read the By Laws Section 6, which describes how the Secretary is appointed. According to the By Laws it was determined the Authority appoints the Executive Directory/Secretary of the EURA. Chair Bertoluzzi recommended the members appoint the Executive Director tonight. Ms. Weddle asked if Staff could get the By Laws changed. Mr. Graham explained the procedure for making changes. Chair Bertoluzzi suggested that topic be discussed at a future meeting. Mr. Graham will contact the Authority's legal counsel to clarify the procedure for appointing the Executive Director and Staff will change the By Laws accordingly. Rogers moved: Gallardo seconded: TO APPOINT MR. ALAN WHITE AS THE NEW SECRETARY OF THE ENGLEWOOD URBAN RENEWAL AUTHORITY AYES: NAYS: ABSTAIN: ABSENT: Bertoluzzi, Roth, Weeks, Gallardo, Burns, Rogers, Weddle None None None The motion carried. Rogers moved: Weddle seconded: THE ENGLEWOOD URBAN RENEWAL AUTHORITY HEREBY AUTHORIZES DON ROTH TO SIGN THE REDEVELOPMENT AGREEMENT REGARDNG THE ENGLEWOOD CULTURAL ARTS CENTER ASSOCIATION 3 • • • AYES: NAYS: ABSTAIN: ABSENT: Bertoluzzi, Roth, Weeks, Gallardo, Burns, Rogers, Weddle None None None The motion carried. Mr. Graham stated Resolution No. 2, Series of 2007 authorizes the Vice Chair of the EURA to sign the Redevelopment Agreement. He noted the ALTA ACSM land title survey is not attached to the document. He referred the members to a site plan drawing included in their packet. He clarified the ownership will be that shown less dedications provided for right-of- way, which is provided for in Resolution No. 3, Series of 2007. The Broadway frontage property is not included. The new legal description is being prepared. Mr. Graham reviewed the Resolution with the members and asked if there were any changes they wished to make. There were none. Burns moved: Weddle seconded: TO APPROVE RESOLUTION NO. 2, SERIES OF 2007 AYES: NAYS: ABSTAIN: ABSENT: Roth, Weeks, Gallardo, Burns, Rogers, Weddle None Bertoluzzi None The motion carried. Mr. Graham said Resolution No. 3, Ser·ies of 2007 provides for right-of-way access areas. Staff recommends the Authority sign a Resolution to authorize and dedicate the land to the City of Englewood for right-of-way for public purposes. He stated the Exhibits are being prepared to clean up the records. The size of the parcels to be conveyed was discussed. Burns moved: Weeks seconded: TO APPROVE RESOLUTION NO. 3, SERIES OF 2007 AYES: NAYS: ABSTAIN: ABSENT: Bertoluzzi, Roth, Weeks, Gallardo, Burns, Rogers, Weddle None None None The motion carried. V • LEGAL COUNSEL'S CHOICE Legal counsel was not present. 4 ~ . • • • VI. DIRECTOR'S CHOICE Mr. White had nothing further to report. VII. COMMISSIONER'S CHOICE Mr. Burns thanked eve ryon e for all the wmk that has been done on the Acoma project. Chair Bertoluzzi expressed his appreciation to all the members of the Authority for their support of the Englewood Arts project. There was no further business to come before the Authority; the meeting was declared adjourned at 8:09 p.m. Barbara Krecklow, 5