HomeMy WebLinkAboutMINUTES Special Estes Park Urban Renewal Authority 1998-12-21BRADFORD PUBLISHING CO.RECORD OF PROCEEDINGS
^ESTES PARK URBAN RENEWAL AUTHORITY
December 21, 1998
Commissioners:
Attending:
Also Attending:
Absent:
Polly Gunn, Carl Henderson, Richard S.
Putney, Paula Steige, Gerald W. Swank, A1
Wasson, Rich Widmer
Chairman Gunn, Commissioners Putney, Steige,
Swank, Wasson, Widmer
Executive Director Anderson, Clark O'Connor
Commissioner Henderson
Chairman Gunn called the Special meeting to order at 4:00 p.m.
RESOLUTION #266 BETWEEN EPURA AND NEW STANLEY ASSOCIATES FOR
JOINT DEVELOPMENT AGREEMENT.
Director Anderson read the Resolution and explained that New
Stanley Associates (NSA) have begun work on improvements to the
parking facilities and other infrastructure features serving the
Hotel, including Stanley Hall and the Carriage House. To induce
and encourage NSA in its efforts to preserve and protect the
Hotel in accordance with the historical standards and planning
procedures adopted in the Development Agreement, EPURA intends to
contribute funds toward the aforestated improvements.
Phase I Improvements generally include the completion of the road
circling the northern section of the Hotel property with a
minimum of 96 additional parking spaces, and Director Anderson
reviewed a drawing prepared by DSW. Discussion followed on the
detention pond, and Director Anderson confirmed the pond is being
sized to manage the entire drainage from the site,''’.and design is
underway to control drainage as it exits the property.
The estimated total project cost is $350,000. With this
Agreement, EPURA would contribute $150,000 if NSA contributes
$200,000. NSA will be required to deposit $170,000 no later than
January 4, 1999. NSA has already paid $30,000 toward payment of
architectural fees for the design of the Phase I Improvements,
and this sum will be credited toward their contribution. Neither
party will authorize cost-overruns, thus items will be deleted to
ensure the funding limit of $350,000. A bank account has been
established at Park National Bank, and either Director Anderson
or Finance Officer Vavra and Hotel Manager Vlasic or other so
assigned NSA employee, will be authorized to sign checks.
Staff noted that the General Contractor is Connell Resources, and
any contracts will be executed by NSA not the Authority due to
TABOR regulations. Staff also clarified that on Page 3, Section
(e) Completion of Design, the fee not-to-exceed is $9,820 not
$98,020 as contained in the Joint Development Agreement.
Staff noted that the scope of the project has been reduced due to
the defeat of the Referred Issue 5A on the November 3rd Election
seeking approval to create a Special Improvement District for the
Stanley Hotel site. Staff also confirmed that the original
Agreement requires NSA to contribute $10,000/yr. for Stanley Hall
beginning in 2000/01; and future projects are not precluded by
this Agreement.
BRADFORD PUBLISHING CO.RECORD OF PROCEEDINGS
Estes Park Urban Renewal Authority - December 21, 1998 - Page 2
It was moved and seconded (Putney/Wasson) Resolution #266 be
approved, and it passed unanimously.
Director Anderson gave an update on Stanley Hall. In January, a
50-yr. lease extension will be presented to the Town Board for
their approval. The fundraising goal of the Friends of Stanley
Hall is to raise $500,000 by June, 1999; the funds will be used
for improvements. Town Attorney White is reviewing the lease,
and it clarifies that the Town will assume exterior maintenance
responsibilities of the building and insurance for fire loss. In
addition, the lease confirms that funds raised by the Friends
will be expended on the building. It appears all conditions have
been met for 50 year term. Director Anderson will advise EPURA
on January 4 that funds have been deposited.
There being no further business. Chairman Gunn adjourned the
meeting at 4:25 p.m.
Vickie O'Connor, CMC/AAE, Town Clerk