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HomeMy WebLinkAbout2000-02-02 EURA ANNUAL MEETING• • • ENGLEWOOD URBAN RENEW AL AUTHORITY ANNUAL l\'IEETING February 2, 2000 I. CALL TO ORDER The Annual Meeting of the Englewood Urban Renewal Authority was called to order in the Community Room of Englewood City Hall, Chairperson Robin Weddle presiding. Members present: Bertoluzzi , Graebner, Roth , Weddle , Lindsey (entered during the course of the meet- ing) Members absent: Gryglewicz, Executive Director/Executive Secretary Garrett II. APPROVAL OF MINUTES November 3 , 1999 Chairperson Weddle stated that the Minutes of November 3, 1999 were to be considered for approval. Roth moved: Weddle seconded : The Minutes of No vember 3, 1999 be approved as wr itten . AYES : NA YS : ABSTAIN : ABSENT : Graebner, Roth, Bertoluzzi, Weddle None None Garrett, Lindsey The motion carried. ill. ELECTION OF OFFICERS Chair Vice -Chair Chairperson Weddle stated that nominations for the position of Chair for the year 2000 would now be entertained. Roth nominated Ms . Weddle as Chairperson for 2000 . Mr . Bertoluzzi seconded the nomination. Ms . Weddle was elected Chairperson. Ms . Weddle stated that nominations for Vice-Chairperson would be now be entertained . Roth nominated Mr . Bertoluzzi as Vice-Chair. Ms . Weddle seconded the nomination . Mr. Bertoluzzi was elected Vice-Chair . The Authority unanimously reaffirmed Mr. Frank Gryglewicz as Executive Director/Executive Secretary of the Authority . IV. NEW BUSINESS Revenue Report Mr . Gryglewicz presented the 1999 year-end revenue report. He directed the attention of the Authority to the slight drop in property tax revenues from those received in 1998 , and to the increase in sales tax revenues in 1999 over those received in 1998. 1 Mr. Gryglewicz emphasized that all revenues collected -property and sales tax revenues -are submitted to the Trustee for payment to bondholders. Mr. Gryglewicz reported that he still receives phone calls from bondholders • interested in the status of the bonds. Mr. Gryglewicz stated that calculations done by his staff indicate that bond- holders should receive their initial investment, but will not realize the 9 3 to 11 3 interest on the bonds th at they anticipated when the bonds were purchased. Mr . Gryglewicz reported briefly on the lawsuit against the City and Authority. The courts found in favor o f the City and Authority, and it is his understanding that no appeals will be filed. The Authority accepted the Revenue Report, as presented . V. OLD BUSINESS Mr. Roth inquired about the Acoma property . Mr. Gryglewicz stated that he would be updating the Author ity on this topic under Director's Choice. VI. COMMISSIONER'S CHOICE Nothing was raised for discussio n. vn. DIRECTOR'S CHOICE Mr. Gryglewicz stated that the EURA property in the 3400 block of South Acoma Street has been the topic of discussion , and has become an issue between the EDDA and the C ity . Mr. Gryg lewicz reported that the C ity tried to put forth a plan of development for the Broadway frontage and part of the parking area, which th e EDDA Director and membership vehemently opposed . The EDDA will be at the February 7'h Council Study Sess ion to discuss their (EDDA 's) proposal for use of the South Acoma Street parking lot and the Broadway frontage. Mr. Gryglewicz stated that members of the EURA are invited to attend this study session, which will be g in at 6:00 • p. m., in the Community Room of City Hall. Mr. Gryglewicz stated that EDDA representatives will, proba bly , also discuss with C ity Council the formation of the special tax district which EDDA Director Celva has proposed to finance improvements to the site -repaving, striping, landscaping, etc . Mr. Gryglewicz commented tha t he understood the cost o f the proposed improvements has risen considerabl y since the propos al was first considered . Mr . Bertoluzzi asked for clarification on the plans presented by the City for the site . Mr. Gryglewicz stated that the proposal was for retail and office use on the first level, with two or three le vels of senior housing abo ve. Mr. Gryg!ewicz reiterated that this proposal was not well received by the EDDA Director and Board members; City Council became involved with the issue, and City staff was advised that housing development proposals on this site should not be entertained. Mr . Gryglewicz stated that EURA attorney , Paul Benedetti, is researching disposition of the property -whether it is required to be sold, or whether it can be gifted to another entity. The Authority cannot be forced by the EDDA, or by the City , to sell the property. Mr. Gryglewicz stated that it is his understanding, from discu ss ions with legal counsel, that the bondholders are entitled only to proceeds from tax increment funds . Mr. Bertoluzzi asked if all of the property owned by the EURA is being used for off-street parking . Mr . Grygle- wicz responded affirmatively . Ms. Weddle noted that there is no parking for the Broadway businesses in this block. Mr. Gryglewicz stated that the lack of adequate parking for the Broadway businesses is an incenti ve for the EDDA to secure this lot for off-street parking purposes. With the redev e lopment of the former Cinderella City mall site, the EDDA and Broadway businesspeople anticipate that a developer will make an attractive pur- chase proposal to the Authority, and they will lose the parking lot they have enjoyed for the last few years . Mr. Gryglewicz stated that the EDDA has a lot of work to do -the special district must be formed, the issue must be placed on the ballot, and the proposal needs to be "sold" to the business people and property owners who will be in the special tax district. • 2 • • • Mr. Roth stated he understood that the housing component of the City's development proposal would raise con- cern of the Broadway business people -parking for residential units would use up existing off-street parking . Mr . Gryglewicz stated that it is his understanding that EDDA wants to acquire the total site, develop the north portion of the property from Broadway to Acoma, sell that off, and then turn the remainder of the parking lot over to the City to maintain. Discussion on the impact redevelopment of the former mall site will have on adjacent areas ensued briefly . Mr. Gryglewicz noted that there may be other projects that the Authority may be involved with. Further brie f discus- sion followed. There was no further business to come before the Authority, and the meeting was declared adjourned. Secretary 's Note: Ms . Weddle submitted the attached letter from EDDA Director Celva, dated January 19 , 20 00, for th e record . f:\dept\n bd\g roup\board s\ura\min 2000\eura 2-2 -2000.doc 3 ENGLEWOOD DOWNTOWN DEVELOPMENT AUTHORITY Bank One Build ing 333 West Hampden Avenue Sui te 11602 Eng lewood, CO 8011 O Phone 303178 1-7885 January 19, 2000 Ms. Robin Weddle Chair, Englewood Urban renewal Authority 3031 South Marion Street Englewood, CO 80110 Dear Ms. Weddle: In early November representatives of the Englewood Downtown Development Authority (EDDA) met with the Directors of the Englewood Urban Renewal Authority (EURA), to discuss the potential acquisition of the Acoma Street parking lot, a property owned • by EURA. As was explained at that meeting , EDOA's two objectives for the property are to insure that adequate public parking be maintained at this site and to provide for compatible new develo;:;ment on a portion of the property. EDDA has undertaken this project at the request of local property owners who are concerned about the long term vitality of the downtown area. We • will be ecting to facilitate the creation of a special improvement district, with the property ownership being conveyed to the City of Englewood. A major first step in the process is ascertaining if the property is available and what the costs of conveyance are, if any. After these issues are addressed the mechanics of formulating boundaries and the assessments necessary to acquire and improve the parcel can begjn. With the estimated assessment computed for each property, we can start working with the individual owners who must petition City Council for the creation of a special district. In order to conform to the requirements of the Tabor Amendment, these property owners will also vote on the proposed district in November. For the question to be placed on the ballot, the City needs to begin dealing with drafting an ordinance in late June. As you can see, there is a tight time table, with a lot to accomplish over the coming months. We would like to request your help in ex pediting our dealings with the Urban Renewal Authority, so that a timely resolution to the questions of availability and costs can be concluded. • • Page 2 1/19/00 EURA Please let me know if I can answer any questions or be of assistance. You may reach me at one of the following numbers: (303) 781-7885, office; (303) 916-6236, cellular, or outside of office hours, if it is more convenient, at my home phone, (303) 322-6350. Sincerely, ~0~ Harold Celva Executive Director, EDDA cc. Mayor Tom Burns Mr. Doug Garrett Mr. Gary Sears Mr. Dan Brotzman Mr. Frank Gryglewicz Ms. Connie Sanchez