HomeMy WebLinkAbout1998-05-12 WSB AGENDA1.
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AGENDA
ENGLEWOOD WATER AND SEWER BOARD
MAY 12, 1998
5:00 p.m.
CONFERENCE ROOM A
MINUTES OF THE APRIL 14, 1998
WATER AND SEWER BOARD MEETING. (ATT. 1)
GUEST: DANNI MERICLE -4790 S. GALAPAGO. (ATT. 2)
(,,.l.lcST : ('tJ-rHY 1-/0E/i?N/6 -308C. ~. OGDC:-/'/ -S/NIC Ho£€
&uc.ST.' VA-L..L.FY SAl\J. p1S7. -;:T/1'1 10~'-l/Y t-Jt/11 C O LLIAIS
MAIN FLUSHING -BILL MC CORMICK -UTILITIES SUPV.
MEMO FROM WILD & SCENIC TASK FORCE DATED 4-15-98
(ATT. 3)
LETTER FROM ARAPAHOE COUNTY RE: SMALL LAND
PURCHASE ON S. BANOCK FOR CITY DITCH GATE.
(ATT. 4)
LETTER TO LORETTA LOHMAN DATED 4-30-98. (ATT. 5)
OTHER.
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AGENDA
ENGLEWOOD WATER AND SEWER BOARD
MAY 12, 1998
5:00 p.m.
CONFERENCE ROOM A
MINUTES OF THE APRIL 14, 1998
WATER AND SEWER BOARD MEETING. (ATT. 1)
GUEST: DANNI MERICLE -4790 S. GALAPAGO. (ATT. 2)
MAIN FLUSHING -BILL MC CORMICK -UTILITIES SUPV.
MEMO FROM WILD & SCENIC TASK FORCE DATED 4-15-98
(ATT. 3)
LETTER FROM ARAPAHOE COUNTY RE: SMALL LAND
PURCHASE ON S. BANOCK FOR CITY DITCH GATE.
(ATT. 4)
LETTER TO LORETTA LOHMAN DATED 4-30-98. (ATT. 5)
OTHER.
WATER AND SEWER BOARD
MINUTES
APRIL 14, 1998
ATT ..
The meeting was called to order at 5:07 p.m.
Temporary Chairman Guy declared a quorum present.
Members present:
Members absent:
Also present:
Habenicht, Burns, Otis,
Guy, Vobejda, Bradshaw
Clark, Higday
Stewart Fonda, Director of
Utilities
John Bock, Admin. Manager
1) MINUTES OF THE MARCH 10, 1998 MEETING.
The Englewood Water and Sewer Board Minutes from the March
10, 1998 were approved as written.
Mr. Vobejda moved;
Mr. Otis seconded:
Ayes:
Nays:
Members absent:
Motion carried.
To approve the March 10, 1998
Englewood Water and Sewer
Board Minutes as written.
Habenicht, Burns, Otis,
Guy, Vobejda, Bradshaw
None
Clark, Higday
2) GUEST: MICHAEL ROSEN -ATLAS METAL & IRON.
Mr. Michael Rosen appeared representing Atlas Metal & Iron
requesting their current minimum charge on the water and
sewer billing be reduced on their 6 '' water tap at the
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General Iron site at 600 W. Bates Ave. Mr. Fonda noted that
the 6'' tap represented the potential demand that the City is
obligated to meet and the minimum charge covers the City's
expenses for maintaining that capacity demand in reserve.
Mr. Fonda noted that an alternative would be for Atlas to
surrender their tap credits and reduce the water tap to a
smaller size. Mr. Rosen did not consider that a viable
alternative. The Board denied Mr. Rosen's request.
Ms. Bradshaw raised the issue of proposed development of the
General Iron site, specifically the Pick and Pull, a car
crushing operation. Discussion ensued.
3. SOUTHERN PACIFIC RAILROAD RIGHT-OF-WAY CROSSING.
As part of the Southwest Corridor Light Rail Project, two
locations of the heavy rail railroad tracks have been
modified requiring additional encasement of the existing
sanitary sewer pipes. The railroad crossing licenses must
be modified to reflect these changes. The easements are
located at Yale & Bates and Kenyon & Santa Fe.
Ms. Habenicht moved;
Mr. Burns seconded:
Ayes:
Nays:
Members absent:
Motion carried.
To recommend Council approval
of the Southern Pacific
Railroad Right-of-Way
Crossing Modifications License
Agreements.
Habenicht, Burns, Otis,
Guy, Vobejda, Bradshaw
None
Clark, Higday
3. CITY DITCH SMALL LAND ACQUISITION.
The City of Englewood's Water Department inquired about the
possibility of placing a gate on the parcel located at S.
Bannock and W. Jefferson Ave., which adjoins City Ditch.
The parcel is owned by Arapahoe County and was acquired due
to delinquent taxes. The City Ditch was recently piped at
this location and a gate is necessary to control access.
The County has no use for th i s piece of land and would be
willing to transfer ownership to the City of Englewood for
the unpaid tax amount.
Mr. Otis moved;
Ms. Habenicht seconded:
Ayes:
Nays:
Members absent:
Motion carried.
4. LETTER FROM SHEA HOMES.
To recommend Council approval
of the small land acquisition
at W. Jefferson and S. Bannock
St. for a City Ditch gate from
Arapahoe County.
Habenicht, Burns, Otis,
Guy, Vobejda, Bradshaw
None
Clark, Higday
The Board received a copy of a letter dated March 2, 1998
from Shea Homes recognizing the advantage to sharing
information regarding planning and infrastructure efforts
with the City's McLellan property at areas 81 and 85 at
Highlands Ranch. Mr. Fonda told Shea Homes that, per the
Board's direction, he cannot discuss selling the property.
5. DISSOLUTION OF VALLEY WATER DISTRICT.
James Collins,· Counsel to Valley Water District, submitted
an Agreement and Plan for Dissolution for the Valley Water
District. It is proposed that Englewood acquire this
district to serve the residents in that area. The Board
directed Stu to continue negotiations and submit the final
agreement to the Board for discussion at a future meeting.
Stu noted that since part of the Valley Water District is in
Littleton, the municipality would be involved as a third
party.
6. GEORGE & KATHY HOERNIG -3086 S. OGDEN ST.
The Board received correspondence from Joseph Davies,
attorney for the Hoernig's, Colleen Caudill, Englewood's
Risk Manager and CIRSA about the Hoernig's claim regarding
their sewer line back-up that caused a sink hole in their
alley.
Ms. Hoernig will appear at the next Water Board meeting to
discuss.
7. NEW CHAIRPERSON.
Matt Guy expressed his interest in filling the vacant Water
and Sewer Board Chairperson position.
Ms. Habenicht moved;
Ms. Bradshaw seconded:
Ayes:
Nays:
Members absent:
Motion carried.
To appoint Matt Guy as the
next Water and Sewer Board
Chairman for Mary Neumann's
vacated position.
Habenicht, Burns, Otis,
Guy, Vobejda, Bradshaw
None
Clark, Higday
The next Water and Sewer Board meeting will be May 12, 1998,
at 5:00 p.m. in Conference Room A.
Respectfully submitted,
Cathy Burrage
Recording Secretary
A TT .. 2
j D~u have@ Name~ ~Q.~
omments Address :{\.""]~~ ~~~ ggestions or . . ~D\-.-;'\
DR t " S . C1ty/State/Z1p : ~ OoO lv eques s 1or erv1ce ·
for the City of Englewood? Phone : l--'--".._l\---=---3=--....>...-.:-'-----~-
N ote them below and drop this postage-paid card in the mail to u
WILD AND SCENIC TASK FORCE
P.O.BOX 10758, GOLDEN, CO. 80401
Telephone (303) 526-7767 Telecopier (303) 526-7806
TO: Wild and Scenic Task Force
From : Tom Grisworld, Chairman
Date: April 15, 1998
MEMORANDUM
Re : Final Action on Submittal to Forest Service
A 7 T . 3
I am writing to encourage your support of the South Platte Protection Plan that will be
submitted to the Forest Service as our local alternative to a proposal for wild and scenic
designation . This plan has been developed by local governments and water providers
working with environmentalists, the Farm Bureau, ranchers, residents of the area and
others. The entire final plan is enclosed.
As you know, the Forest Service issued an EIS in spring of 1997 considering
recommending that Congress designate the South Platte River between Elevenmile
Reservoir and Strontia Springs and the North Fork as a Wild and Scenic River. The
Forest Service chose two preferred alternatives -(1) designating the mainstem or (2)
selecting a local government alternative which we were charged with developing in
concert with other interested parties. That was referred to as Alternative A2 in the
Forest Service EIS; we now refer to it as the South Platte Protection Plan.
Our hard work is now paying off. We expect to submit this local alternative before the
end of May. I will be signing the transmittal as Chairman of the Wild and Scenic Task
Force and will attach any letters of support which you send to me. We are asking that
you:
1. Send a letter or resolution of support of the South Platte Protection Plan by
Tuesday May 19 to the above address. If you adopted a resolution on this
local effort last spring, you may want to reference that resolution . Address it
to Rick Cables, Forest Supervisor, U.S. Forest Service, 1920 Valley Drive,
Pueblo, CO., 81008. We will collect all the letters, and submit them with a
single transmittal jointly with Denver Water.
2. Your letter or resolution may be signed by whatever group you deem most
appropriate -Manager, Board, Council or Commission.
3. Send your letter or resolution of support to Marcia Hughes, P. 0. Box 10758,
Golden CO. 80401 by Tuesday, May 19, 1998.
Please call me or Marcia Hughes at 526-7767 if you have any questions. Thanks for
your support!
AR·APAHOE COUNTY COLORADO
5334 South Prince Street • Littleton, Colorado 80 166-0001
OFFICE OF THE COUNTY ATTORNEY
Kathryn L. Schroeder, County Attorney
Mr. John Bock
Utilities manager of Administration
City of Englewood
3400 S. Elati St.
Englewood , CO 80110
April 24, 1998
Re: Lot 30, Block 6, Skerritts Addition 3rd Filing
Dear Mr. Bock:
ATT. '-/
(303) 795-4639
FAX# (303} 794-4657
This letter is in response to your letter of March 25, 1998 , regarding the above referenced
property. After discussion with the Board of County Commissioners, it appears that the County
may be willing to transfer ownership of the property to Englewood. The only concern that the
County Commissioners had was that you coordinate your plans with the neighboring property
owner, who may be using a portion of the property as an extension of his/her front yard.
Please prepare a quitclaim deed from Arapahoe County to Englewood, and we will
submit it for Board of County Commissioner approval. If you have any questions , please call.
~' Ronald A. Carl
Assistant County Attorney
City of Englewood
April30, 1998
Loretta C. Lohman
3375 W . Aqueduct Ave .
Englewood, CO 80110
Re : Final Notice
Dear Ms . Lohman:
A T7. 5
3400 S. Elati Street
Englewood , Colorado 80110-2304
Phone (303) 762-2300
(303 ) 762 -2301
FAX (303)789-1125
Thank you for your letter of April 17 , 1998. We at the Englewood Utilities Department are very
interested in the feedback we receive from our customers .
In response to your letter, Mr. Fonda, Director of Utilities, has waived the $1 . 77 late charge on
your account.
In response to your other requests :
Number 1. The Utilities Department does not keep copies of the bills and notices it sends
to its customers . All billing and payment activity is posted to the account.
Number 2. The account will be credited .
Number 3 . Because of the nature of our billing cycles and other related collection
activities we unable to limit the mailing of final notices to specific days of
the week.
Number 4. You are far from being the only person we have heard from to whom this has
happened . We take every measure to insure the accuracy and reliability of our
billing operation. However, once the bill leaves our hands we have no
control over what may happen to it. Please also bear in mind that not all of
our customers are as conscientious with their payments as are you. It is
towards that other segment of our customer population the final notices are
directed . It is an unfortunate fact oflife that occasionally, for various reasons,
our dependable customers receive these notices . When they do we are willing
to work with them, as we have with you .
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Number 5. We are going to change the final notice to read "five business days". We just
took delivery of 150,000 final notices, so rather than waste our customer's
money, we will use those up first , then change the wording.
If you have any questions or need assistance, you can call me at 303-762-2643 .
Utilities Manager of Administration
h :~bodc\docsll ohman .wpd
-~·
LORETTA C. LOHMAN, Ph.D.
3375 West Aqueduct Avenue
Littleton , Colorado 80123-2903
April 17, 1998
Thomas Bums, Mayor
City of Englewood
3400 South Elati Street
Englewood, Colorado 8011 O
Dear Tom:
It seems to me that the last time we spoke it was about the Englewood Utilities Department, specifically water
services. At that time I took your word that all efforts were being made to improve both the quality of water and
the customer service. I know that improving the quality in a long-term process, currently underway. However,
improving customer service should be a less difficult proposition .
I arrived home after 6 :00 p.m. today to find the enclosed in my mail. Please examine the attached carefully and
you will understand why I am so angry. This is marked FINAL NOTICE. I never received an initial invoice. I
never received any interim notice. I have no way of determining whether the sums on this notice are accurate
and true .
This FINAL NOTICE was mailed on 04-16-98 . That means it would not be received until the Utility Office was
closed for three full days, and only five days are provided for response. This FINAL NOTICE also threatens
action by the County Treasurer and imposes penalties unclear1y and unfairly.
This account has been paid ON TIME and IN FULL for almost 42 years. The Utility Department records should
reflect th is at every instance , indicating that something was amiss. To send only a final notice, with such
unpleasant and threatening wording is wrong and counterproductive .
Without exception, each time I have called the Utility Department in the last 42 years I have received, at best ,
misinformation. Sometimes I have been lied to . But this is a prime example of bureaucratic misuse of power
and I strongly recommend that procedures be changed .
I am separately sending my payment, with penalty, in my own envelope , to the Billing Agency. However, I
request that you consult with the Utility Director and arrange for the following:
1. for me to receive a copy of my original invoice and copies [if any] of notices of past due status prior to this
final notice;
2. for me to receive a credit of $1 .77 on my next bill if that $1.77 marked other on this notice is indeed an
undeserved and unexplained penalty;
3. an assurance , in writing, that such notices be mailed ONLY Monday through Wednesday so that recipients
have an opportunity to contact the Utility Department before any time limit comes into play;
4 . an apology from the Utility Department for its carelessness and insensitivity;
5. a review of Department mailing procedures. If there recently have been an unusual number of delinquencies
I can assure you that it is NOT the U.S. Postal Service . I personally have outstanding and reliable mail
delivery, as has been my universal observation.
I hope life is treating you well and I wish you continued success on the Cinderella City Renovation project.
Best wishes , ..
r>f,df () /!,______
Loretta C . Lohman
cc: Utility Director
Enclosure
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FINAL NOTICE
TO lfl<SURE P ROPER CREDIT PLEASE RE'TURN TH I S NOTICE WITH YOUR PAYM ENT ~'
j
l
I
AMOUNTS PAST DUE I A CCO UN r NUMecn NOTIC E DA TE C ity o f E nglewood r.
I WA T!:P 17 ~
SEWEP 16 .SO 46511 03375
, OTHER 1 . 7 7 I SER VICE LOCA f lON
0 04-16-98
3400 soum ELATI STREEl
ENGLE\/\/000, COLORADO 80110
1303) 76.'-2635
'.AMOUNT ~ ~ 3375 w AQUEDUCT AV~
'.UU E ., 36 .26 l RE~IT TO:
,,-
City of Englewood
DEPT 944
JOHN T LO~MAN DENV~R CO 80271-0944
DEAR CUSTOMt:R. ,
OUR RECORDS SHOW THAT YOUR UTILITY BILL l
3 3 7 5 \~ A (i) u ~ Du c T A v E FOR THE SE RV ICE LOCATI O N SHOWN ABOVE IS
PAST DUE . PAYM ENT IN FULL MUST BE RECEIVED l
WITHIN 5 DAYS OF THE ABOVE DATE OR THE
L I T T L E T 0 N c 0 8 0 1 2 3 AM OU NT DUE . PLUS PE NALTIES. WILL BE CERTIFIED
TO THE CO UNTY TREASURER FOR COLLECT ION AS
AN AD VALOREM TAX .
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COLORADO INTERGOVERNMENTAL RISK SHARING AGENCY
January 20, 1998
Joseph A. Davies
5290 DTC Parkway, #150
Englewood, Colo. 80111
Client:
City Member:
Date of Loss:
ClmNo:
Dear Mr. Davies:
George Hoernig
City of Englewood
12-23-97
6371
Our investigation is now complete regarding the abqve claim. We have determined that the sewer
line that backed up was not a City of Englewood line, but rather Mr. Hoernig' s service line. Also,
a a trash truck not owned and operated by the City of Englewood drove into the sink hole
damaging Mr. Hoernig' s line.
Because of the above, we must respectfully decline your claim.
Sincerely,
Nile D. Knez
SeniDr Claim Representative, CCLA
CC City of Englewood
Colleen Caudill
950 South Cherry.Street, Suite 800, Denver, Colorado 80222
(303)757-5475 (800)228-7136 Fax (303)757-8950 http://www.cirsa.gen.co.us
MEMORANDUM
T 0 : Colleen Caudill, Risk M
FROM: Dan Brotzman, City
DATE: December26, 1997
REGARDING: Notice of Claim -George & Kathy Hoernig.
Attached please find a copy of a Notice of Claim, which was received by the City Attorney's
Office on December 23, 1997, from Joseph A Davies, attorney for George and Kathy
Hoernig. The Notice of Claim alleges damages due to a sewer line breakage. Please
process through CIRSA.
Attachment
CC : Lou Ellis
DB/nf
Printed on Recycled Paper.~
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JOSEPH ·A. DAVIES
A Professional Corporation 1 Attorney at Law
Dcccmbc:r 18, 1997
Dm Brotmum, City Attomey
City afF.nglewood
3400 South E1ati Street
Englwood, co 80110-2304
:RE: ·Claim or Georp ud .Kathy HoeJ'Dic
Dear Mr. Brotzman:
Pursuant to the rcquin:men1s of C.RS. 24-10-109 I am providing you with notice of the following claim:
Name and address of Claimants: George and Kathy Hoenig
3086 South Ogden Street
Englewood, CO 80110
Name and address of Claimants Attorney: Joseph A Davies
JosephA DaviesP.C.
Factual Basis :
5290 DTC Boulevard, Suite 150
Englewood, CO 80111
On or about September 14, 1997 a sink-hole developed in the alley behind the Heomig' s home.
A trash truck drove .into the hole and the weight of the truck caused a breakage in the sever line
nmning to the Hocrnig ' s home. Mr. and Mrs . Hocrnig were obliged to replace the sewer line in
order to restore sewer service to their home.
Name and address of public employees involved: Chuck Merry
ChuckK
Department of Public Works
3400 S. Elati Street
Englewood, CO
$2,695.50, plus attorney fees.
Enclosed for your infonnation is a copy of.a demand letter I have sent to the Department of Public W arks, along
with some supporting ciocmnc:ntation. If you have any qucsticms or comments, please let me know .
1ADlml:JF.
Enclosures
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cc: George and Kathy Hoemig
Denver Technological Center
5290 OTC Parkway I Suite 150 I Englewood, Colorado 801 11
(303 ) 221-4500 I Fax (303 ) 850-7 115 I E-mail : j adpclaw@ix.netcom.com
JOSEPH A. DAVIES
A Professiona l CorporatiQ.n 1 Attorn.ey at Law
.lJecember 18, 1997
Chuck Easterly
Department of Public Works
City ofEnglewood
3400 South Elati
Englewood, CO 80110
RE: Hoernig/3086 S. Ogden
Dear Mr. Easterly,
I represent George and Kathy Hoernig who have asked me to assist them in obtaining payment
for damage to the sewer line from the city main to their home.
It is my understanding that the line was broken by the weight of a trash truck which drove into
a sink-hole in the alley behind the Hoernig home. Mr. and Mrs. Hoemig have made demand on their
insurance company for reimbursement, but the company has denied coverage for the loss .
Inasmuch as the damage was caused by a dangerous condition of a city right-of-way, and the
activity of a city contractor it would appear that the City is responsible for the damage and should
reimburse the Hoemigs the cost of the repairs . I am enclosing copies of documents which reflect the
city's investigation of the incident and the cost of the repairs. The cost to the Hoemigs of repairing
the line totaled $2 ,629 .50.
Please give this matter your immediate attention. If you require further information, you or
your representative may contact me at any time.
JAD/mos
cc: George and Kathy Hoemig
\Jioemig\csu:rly.d 18
eph A Davies
ttomey at Law
Denver Technological Center
5290 OTC Par kway 1 Suite 150 1 Englewood. Color~do 80 111
(303 ) 22 1-450 0 I Fa x (303) 850-711 5 1 E-mail: j adpclaw@ix.netcom .com
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Please pay from this Jn voice. Total
Ple~e Nola : i......_;..;.;......o ....... _-t
Bali111Ce due in 3C days. s1:.oo per month ~g& en ~erduo invoices .. 4-
WABBANIY · 7 Days ::l 3C Days :l 90 Days 0 No Warranty."
7 Day Warranly Only en Toilet S1oppa9e$. .,, .
'All othe :· v.~ranties valid providing 1hero is r.o ;tiuse or da.rr_l.:ige lo a line .
Customer Signature X ,/ .:'t-·:~ : .r.~ .. ............_
INVOICE
N? 2569
• FOOTINGS • FINE GRADING
• SEWER and WATER
1460 EAST 64TH AVENUE • DENVER, COLORADO 80229
September 24, 1997 289-2735 288-8253 .
George Hoerming
3086 s. Ogden St.
Englewood, Co. 80110
~ REF; JOB#Q818
3086 S. Ogden St.
Replaced sewer service from main up to house
using SDR35 4" pipe. Because old sewer line
was collasped.
TOTAL DUE
THANK YOU FOR THE WORK "Red Quick"
Please put Job#Q818 On check when paying.
INVO.ICE PAYABLE ON RECEIPT
~2,500 00
52,500 00
I
December 26 , 1997
Joseph A. Davies
Attorney at Law
Denver Technological Center
5290 DTC Parkway, Suite 150
Englewood, Co . 80 11 1
Dear Mr . Davies :
I received your letter dated December 18 , 1997 regarding sewer line damage at the home
of George and Kathy Hoernig.
Your letter and attachments have been turned over to our City Attorney, Mr. Dan
Brotzman.
Very truly yours ,
Charles R. Esterly, Director
Public Works Department
~: Dan Brotzman
. :
JOSEPH A. DAVIES
Chuck Easterly
Department of Public Works
City of Englewood
3400 South E1ati
Englewood, CO 80110
RE: Hoernig/3086 S. Ogden
Dear Mr. Easterly,
I represent George and Kathy Hoernig who have asked me to assist them in obtaining payment
for damage to the sewer line from the city main to their home.
It is my understanding that the line was broken by the weight of a trash truck which drove into
a sink-hole in the alley behind the Hoernig home. Mr. and Mrs. Hoemig have made demand on their
insurance company for reimbursement, but the company has denied coverage for the loss.
Inasmuch as the damage was caused by a dangerous condition of a city right-of-way, and the
activity of a city contractor it would appear that the City is responsible for the damage and should
reimburse the Hoernigs the cost of the repairs. I am enclosing copies of documents which reflect the
city's investigation of the incident and the cost of the repairs . The cost to the Hoemigs of repairing
the line totaled $2 ,629 .50 .
Please give this matter your immediate attention . If you require further information, you or
your representative may contact me at any time.
JAD/mos
cc: George and Kathy Hoemig
Denver Technological Center
5290 OTC Parkway 1 Suite 150 I Englewood. Colorado 8011 1
(303) 221-4500 I Fax (303) 850-7115 I E-mail : jadpclaw@ix.netcorn.com
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PuJ.ilcUJorK:> JOB REPORT ~ 1v,a-aooo
lo<01>on'Y; [? {p • Cyt-e /{_)
Nature of Work Accomplished:
(Explain Fully )
fesp;ocl~I TO
Work done iss result of:
1. Routine M11inten11.~p
2. Trouble Complain~
Completed By: tit CJC-t r:
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Please pay from this Jn voice .
Ple115e Not~:
No. 112132 -------
Balonce due ir. 3' da>'. $10.00 .P•• month chwgo on"'"''" ln,,ices . . ~
WARRANTY · 7 Days :l 3C Days :l 90 Days 0 No Warran l y .. ·
7 Day Warran ty On ly on To i!e t Stoppage$. . .,, .
'Al l othe : v.w~anlies valid provid ing thero is no <Jtuse or 0'1.rJ'.l'lQe l .) a line.
. ' . ' I
Customer Signature X /· .:'1:-··"' .· .r.\ ... -..__
·. ~ :' .. ........ . . . '
INVOICE
N<;> 2569
• FOOTINGS • FINE GRADING
• SEWER and WATER
"QuicltJ " I/It 6-l.111ttbupe ~tJ-iict
1460 EAST 64TH AVENUE • DENVER, COLORADO 80229
September 24 ' 1997 289-2735 288-8253 ·
George Hoerming
3086 s. Ogden St.
Englewood, Co. 80110
REF; JOB#Q818
3086 s. Ogden St.
Replaced sewer service from main up to house
using SDR35 4" pipe. Because old sewer line
was collasped.
TOTAL DUE
THANK YOU FOR THE WORK "Red Quick"
Please put Job#Q818 On check when paying.
JNVO.ICE PAYABLE ON RECEIPT
;i2,500 00
2,500 00
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
ODD
DOD
D~
D
INVESTMENT ALTERNATIVE
93 ACRES
C-470 AND
HIGHLANDS RANCH BOULEVARD
PREPARED FOR
THE CITY OF ENGLEWOOD
Economic & Market Research I Land & Development Planning
Landscape Architecture I Community Planning & Design
Golf Feasibility Analysis
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
DODD
ODD
DOD
D'-AL-J
D
INVESTMENT ALTERNATIVE
93 ACRES
C-470 AND
HIGHLANDS RANCH BOULEVARD
PREPARED FOR
THE CITY OF ENGLEWOOD
SEPTEMBER 22, 1998
Economic & Market Research I Land & Development Planning
Landscape Architecture I Community Planning & Design
Golf Feasibility Analysis
OPTION ONE
DO NOTHING
NO PARTICIPATION IN THE IMPROVEMENTS
PROS
-
In this scenario the pros are the City of Englewood assumes no risk in making a wrong decision.
There is also no risk in improving the real estate (participating in improvements) then having
the market take a downturn.
CONS
The market is good toady , there are many potential buyers. The market could take a downturn
and take many years to recover , in wh ich time Englewood could need the money.
Estimated land value today is in the $2.00 to $2 .25 per square foot range , or $8 , 102, 160 to
$9, 114 ,930 range.
THK Associates. Inc
OPTION TWO
PARTICIPATE IN THE IMPROVEMENT DISTRICT
DEVELOP ASIDE FROM SHEA HOMES
PROS
The total cost to Englewood would be approximately $1, 700,000 for their portion of the
improvements, and we estimate that the value of the land would increase to $2.75 to $3 .00 per
square foot, or $11,140 ,470 to $12,153,240, prior to present value considerations.
CONS
The improvements could be made with Englewood responsible for their fair share, which is yet
to be negotiated. The market could stall, leaving Englewood with cash outflows when inflows
are needed.
Development without Shea Homes would result in a less efficient land use plan , inhibit access
to the northwestern 53 acres, and cause competing developments.
THK Associates. In c.
OPTION THREE
JOINT VENTURE WITH SHEA HOMES
Basic Terms
Shea Homes would front all costs and receive a preJerred return on negative cash flows of 9 3 .
After all costs are recovered, Shea Homes and the City of Englewood would participate in
revenues on a proportional basis of acreage contributed.
PROS
Eliminates risk of negative cash flows to Englewood from developing property. Places a
qualified developer in charge of the project.
CONS
If the market takes a downturn, the preferred return to Shea Homes on costs could erode future
payments to Englewood. The present value of Englewood's cash flow, depending on the chosen
discount rate could be less than an outright sales or trade. There could also be problems
associated with a partnership relationship. At the end of the development, Englewood would
not have continuous cash flows.
THK Associates. Inc.
SUGGESTED LAND USE PLAN
Office
Industrial
Retail
Hotel
Sub-Total
R.O.W .
TOTAL
175 .0
110.0
20 .0
15 .0
320 .0
30 .0
350 .0
PRELIMINARY DISCOUNTED CASH FLOW ANALYSIS
Land Use
Office/lndusl nal
Retai l
Hotel P ad s
To1a1
L an d V alue
Ol!lce/lnduslria l
Retail
Hote l Pads
Revenues
Offi ce/Industrial
Retail
Ho tel Pads
TOTAL REVENUES
DE VELOPMENT COSTS
01::.h 1ct Land!:ic.a µmg
Other Infrastructure
Percentage by year
Tolal costs@ $0 65 per
sq ft developable acres =
$9 .060,4 60
Total Hard Costs
So ft Costs
Ge n ~ra l and Administration
Marketing and Cornissions
l egal and Ac.cou nting
P lanning and Engineering
M 1sce ll anous
Interest on Hard Costs
Total Soft Costs
TOTAL COSTS
NET INCOME
ANNUAL
CUMULATIVE
Annual In c ome Av ailable
for Distribution
Cash Di s tributed
Shea Homes Port ion
Englewood Portion
ENGLEWOODS'
PRESENT VALUE AT
Ye ar 1
00
00
00
00
$5 00
$12 00
$9 00
$0
$0
$0
$0
S4 .226.0UO
500%
S4 .530,240
$8,756,240
$250,000
S250,000
$0
$612 .937
$0
$788,062
S1,900,998
$10,657,238
-$10,657,238
-$10 ,657,238
$0
$0
so
$0
6•1. $10,121 ,147
8% $6 ,716,914
10% $7 ,557,871
12•;. $6 ,594,322
Year 2
30 0
00
00
300
$5 16
$12 42
$9 32
$6.762,690
$0
$0
$6,762 ,690
$0
0 .0 %
so
$0
$405,761
S338, 135
$67,627
so
$33,6 13
so
$845,336
$845,336
$5,917 ,354
-$4,739,885
$0
$0
$0
$0
Year 3
300
25
50
37 5
$5 36
$12 65
$9 64
S6 .999,364
$1 .399,677
$2.099,6 15
S10 ,499,076
$0
00%
so
$0
S629,9 45
$524.954
$1 04,99 1
so
$52.495
so
$1,312,385
$1 ,312,385
$9,186,692
$4,446,807
$4,446 ,807
S4 .446 ,607
S3.266 ,403
$1 .178.404
Year 4
25 0
00
00
25 0
$5 54
S13 30
S9 96
S6 ,036 ,969
so
so
$6 ,036 ,969
$0
00%
$0
$0
S362.2 16
$30 1,848
$60,370
$0
$30.185
$0
S754,621
S754,621
$5,282 ,348
$9,729,155
$5,28 2,348
S5.262 .348
S3,662.526
S 1,399,622
Year 5
25 0
50
00
30 0
$5 74
S13 77
S1 0 33
$6,246,263
S2.999, 166
so
$9,247,429
SL .424.716
250%
$2.690,252
$5,114,968
$554 .646
$462,37 1
S9 2,474
$358.046
$46 .237
$460 ,347
S1 ,974,324
S7 ,089,292
$2,158,137
$11 ,887,292
$2,158,137
$2.156 .137
$1.566 ,2 3 1
$57 1,906
Year6
250
00
0 0
25 0
$5 94
$14 25
$10 69
$6,4 66,952
$0
$0
$6,466,952
$0
00%
so
$0
$386,0 17
$323,346
S64 .670
$0
$32,335
so
$808,369
$808,369
$5,658 ,583
$17,545,875
$5,658,583
S5 .658,563
$4.159 ,056
$1 .499 ,5 24
Year 7
25.0
2 .5
00
27 .5
$6 15
$14 75
S11 .06
$6,693 ,295
$1 ,606.391
$0
$6 ,299,688
$0
0 .0%
so
$0
S4 97,98 1
$414,984
S62,997
so
S41 ,496
so
$1,037,461
$1,037,461
$7,262,225
$24,808, 100
$7,262,225
$7,262.225
$5,337.736
$1 ,924,490
Year8
25 0
0 .0
0 .0
25 .0
$6.36
S15 .27
S11 .45
S6,9 27,561
so
so
$6,927,561
$0
0 .0%
$0
$0
S415,654
$346,376
S69 ,276
so
$34,6 36
so
$865,1145
$865,945
$8,061 ,616
$30,869,718
$6,061 ,616
S6.061 .616
$4 ,455.267
$1 ,606,326
Year 9
20 0
00
00
20 0
S6 58
$15.60
S11 .65
S5.736 ,020
so
so
$5,738,020
so
0 .0%
$0
$0
$344,16 1
S266,601
S57,360
so
$26 ,6 60
$0
$717,003
$717,003
$5,019,018
$35,888,733
$5,019,018
$5.01 9,016
$3,666,976
$1 ,330,040
Year 10
20 0
5 .0
50
300
S6 6 1
S16 .35
S12 .27
$5,936 .7 61
S3 .582,069
S2 .671 ,551
$12,170,401
S2.6 79 .802
250'%
$3.195, 175
$8,074,878
$730,224
$606,520
$121,704
$425,246
$60,652
$546,746
$2,493,297
$6,568 ,274
$3,602, 127
$39,490,880
$3,602, 127
S3.602, 127
$2,647,563
$954,564
Year 11
20 0
00
0 .0
20.0
S7 05
S16 .93
S12.70
$6,144,566
so
so
$8,144,568
$0
0 .0 %
$0
$0
$366,6 74
$307,226
$61 ,446
so
$30,723
$0
$768,071
$766,071
$5,376,497
$44,887,357
$5,376,497
S5,376,49 7
$3,95 1,725
$1 .424 ,772
Year 12
20.0
2.5
0.0
22 5
S7.30
S17 .52
S13 .14
S6 .359,626
S1 .907,666
so
$8 ,267 ,517
$0
0 .0%
$0
$0
$4 96 ,05 1
$413,376
$62,675
$0
$41 ,336
$0
$1,033,440
$1 ,033,440
$7,234,077
$52, 101,434
$7 ,234,077
$7.234 ,077
$5,317,047
$1 ,917,030
Year 13
20.0
0 .0
0 .0
200
S7 .56
$16.13
S13.60
S6,582,2 15
so
so
$6,582,215
$0
0 .0%
so
$0
$394 ,933
$329,111
$65,622
$0
$32,911
$0
$822,777
$822,777
$5,759,438
$57 ,860,872
$5,759,438
$5,759,436
$4,233.167
$1 ,526,251
Year 14
00
00
00
00
S7.62
$16.77
S14 06
so
so
$0
$0
$0
0 .0%
$0
$0
so
$0
$0
$0
$0
$0
$0
$0
$0
$57,860,872
$0
$0
$0
$0
Year 15
0 .0
25
5.0
7.5
$609
$19 42
$14 57
so
S2.11 5,310
$3,172,965
$5,288,275
$0
00%
so
$0
$3 17 ,297
$264 ,414
S52,663
so
S26.441
$0
$681 ,034
$661 ,034
$4,627 ,241
$82,488,113
$4,627 ,241
$4 ,627,241
$3.401 ,022
$1 .226,219
Total
265 0
20 0
150
320 0
$76,694 ,326
$13,590,701
$7 .944.332
$98,429,358
$U.53U,51H
1000%
$1 0.4 15,667
$19,1148,186
$6.155,76 1
S5 .171 ,466
S964 ,294
s 1,396 ,233
S492, 147
$1 ,79 5 .157
$15,995,059
$35,941 ,245
$62,486 ,113
$62,488,113
$62,488 ,113
$62,4 66.1 13
$45,926 . 763
$16,559,3 50
OPTION FOUR
OUTRIGHT SALE OF THE PROPERTY
PROS
An outright sale would generate immediate cash to be reinvested in other areas that would
provide continual income. The problems associated with development would no longer be
Englewood's. The market is good toady , there are buyers . The property can most likely be
sold for $8.1 to $9 .1 million . At a safe rate of 6.5 3, annual returns would be in the $526,500
to $$591 ,500 range.
CONS
The property is sold at less than true market value. The City of Englewood is unable to
reinvested the property in areas that provide adequate returns. The City of Englewood does not
reinvested the capital and receives no future income.
T HK Associates . Inc.
OPTION FIVE
TRADE THE PROPERTY FOR AN INCOME PRODUCING ASSET
The possibility of trading the land for an offic~ building, industrial building, etc. also exists.
In this case the value of the land would be determined, then traded for an asset of equal value.
The City of Englewood would receive income from that asset.
PROS
The trading for another asset would protect Englewood from future inflation or erosion of
capital. The return generated from an income property would most likely be greater than a safe
rate from alternative investments . We would estimate that a 93 to 103 return is likely, or
$729,000 to $910,000, annually .
CONS
Future market values decline and principal is lost. The asset traded for is overvalued/land being
traded is undervalued and capital is lost. The tenant(s) of the property become insolvent, the
income stream is at risk . Management of the asset can be time consuming.
THK Associates . Inc.
SUMMARY
Based on the preliminary evaluation to date , THK believes that the best options for the City of
Englewood related to the subject property are aq. outright sale or trade for an income producing
asset. The City of Englewood should commission an appraisal of the asset immediately.
TH K Associates. Inc.
Landscaping and Monument Expenditures For Selected Office Parks
Inflation Adjusted Inflation Adjusted Estimated
Inflation Adjusted Investment Per Investment Per Investment in
Total Planned Acres Under Landscaping Square Foot of Square Foot of Total Monuments and
Name Product Types Acreage Landscaping Investment Landscaped Area area Features
Denver Gateway Class A Office 1,200 13 $1,000,000 $1.73 NA $1,000,000
Indu strial
Hotel
lnterlocken C lass A Office 953 83 $12,446,539 $3.44 $0.30 $7,500,000
Flex R&D
Park Ridge C la ss A Office 74 9 $900,000 $2.21 $0.28 $100,000
C hurch Ranch R&D Indu stri a l 145 28 $500,000 $0.42 $0.08 $60,000
Flex
Highlands Ranch C la ss A Office 350 30 $5,304,094 $4.04 $0.35 $3,147,906
Flex
Source: THK Associates Inc .