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HomeMy WebLinkAboutMINUTES Town Board 1988-01-19J of17 f , „Lt... Park, Lorimer County, Colorado, January . 19 19 88 Minutes of a . . meeting of the Board of Trustees of the Town of Estes Park, Lorimer County, Colorado. Meeting held in the Town Hall in said Town of Estes Park 19th on the day of January , A. D. 19..P? at regular meeting hour. Meeting called to order by Mayor H. Bernerd Dannels Present: Mayor H. B. Dannels Trustees: Also Present: Dale G. Hill, Town Administrator Gregory A. White, Town Attorney Vickie O'Connor, Town Clerk Richard D. Widmer, Public Works Director Norbert L. Aldrich, David Barker, Mark T. Brown, Milan A. Dickinson, David Habecker, George J. Hix Mayor Dannels conducted a "special" meeting to discuss the proposed amendment to the Urban Renewal Plan and procedure to be followed to amend the Plan. Town Attorney White submitted a letter dated January 12, 1988 which contained the following procedure schedule: 1. The Town Board should direct staff to prepare a "proposed" amendment to the Plan. Staff should be provided with an outline of those sections of the Plan the Board feels should be amended. 2. The Town Board should request EPURA to select an "in- dependent counsel" to review the proposed amendment in accordance with the requirements of the 1984 and 1985 Cooperation Agreements. The Trustee of the Bond Holder (Central Bank) must also approve the appointment. 3. Under the terms and provisions of Section 31-25-107, (7) CRS 1973, the proposed amendment is to be submitted to the Board of Trustees. The purpose of this submission is to allow the Board of Trustees to make a determina- tion that the amendment to the Plan is a "substantial modification." This determination is made by Resolu- tion. 4. Following the aforementioned determination, the amend- ment must be submitted to the Planning Commission for review and recommendations as to the conformity of the amendment with the general plan for the development of the municipality as a whole. The Planning Commission must submit its written recommendations to the Board of Trustees within 30 days after receipt of the amendment. 5. Following review by the Planning Commission, the Board of Trustees must hold a public hearing. Prior to said hearing, or at that hearing, the independent counsel must give his opinion that the amendment does not result in the failure of the Urban Renewal Plan, as so amended, and that the amendment will not substantially impair the security of the bonds or the rights of the bond holders. Receipt of those opinions is necessary prior to the action by the Board of Trustees in adopting the amend- ment to the Plan. Attorney White stated that the independent counsel should be appointed as early in the process as possible. The counsel would then begin reviewing the proceedings from inception to provide guidance as to what and what is not acceptable to the independent counsel. Board of Trustees - January 19, 1988 - Page two Options available to the. Board of Trustees are 1. Dissolution of the the Estes Park Urban Renewal Authori- ty. The Town would be responsible for payment of the debt service and :refund of the bonds. 2. If EPURA is dissolved, any future Board of Trustees desiring to. re -instate EPURA would be required to follow the entire statutory scheme. This option would be much more difficult and complicat- ed- 3. Maintain. EPURA and "suspend" the Plan. The Town would not be required to repay the bonds. When and if the Board desires. EPURA to continue, the mecha- nism would still be intact. 4. Allow EPURA to continue. with. all projects contained in the Plan. A "question and answer" period. followed, with Trustee Brown moving (1) staff be authorized to prepare a "draft" amendment of the Plan to include the following projects 1. West Elkhorn Avenue from. Spruce Drive. to the east. side of West Park Center (the north side of the street. only). 2. East side of Highway 34/36 Intersection (adjacent to. the Tallant Addition). 3. Confluence Park/Plaza improvements associated with the Arcade area. 4. East Riverside Drive River Project - Rockwell Street to. the Big Thompson bridge. 5. Acquisition of the Arcade and Ice House Properties. (2) Town Attorney White be authorized to consult. with Jane Roberts/Sherman. & Howard; (3) inclusion of languagein the "draft" amendment: stating. the URA Plan is suspended; and (4) inclusion of language stating excess increment funding will be returned to the Town's General Fund, Trustee Barker seconded the motion and it passed unanimously. Town Attorney White a"vised a "date for completion" of the. aforementioned projects should be included in the draft amend- ment. A potential date could be January, 1989. This date can be amended as the Board. so desires during preparation of the amendment. There being no further business, the Board of Trustees adjourned to "executive session" to discuss personnel matters. Town. Clerk