HomeMy WebLinkAboutMINUTES Estes Park Urban Renewal Authority 1997-03-19BRADFORD PUBLISHING CO.RECORD OF PROCEEDINGS
Estes Park Urban Renewal Authority
March 19, 1997
Commissioners:
Attending:
Also Attending:
Absent:
Polly Gunn, Carl Henderson, Gary Klaphake, Richard
Putney, Paula Steige, Gerald Swank, and A1 Wasson
Chairman Gunn, Commissioners Henderson, Klaphake,
Putney, Steige and Swank
Executive Director Anderson, Clerk O'Connor
Commissioner Wasson
Chairman Gunn called the regular meeting to order at 8:00 a.m. and expressed the
Board’s condolences to Deputy Kuehl for the loss of a family member.
MINUTES.
Minutes of the February 19, 1997 regular meeting were accepted as presented.
TREASURER/FINANCIAL REPORT.
Director Anderson reviewed the Cash Flow Report dated January 31, 1997.
Steve Jackson, CPA/Auditor, submitted his Annual Audit Report for the Sales Tax
Increment. Statistics confirm that sales tax collections are fairly flat (‘95 up 2.23%,
’96 up 3.87%). The Boulder-Denver CPI is 3.5%. There is evidence that downtown
sales tax revenues (URA Boundary area) are flattening out; however, there are
some tax collection codes that are increasing.
STAFF REPORT AND COMMUNICATIONS.
Municipal Parking Lot Renovation. As of 3/19/97, EPURA has 42 days in
which to complete the Municipal Parking Lot Renovation. The lot should be
available for parking in early May; warm temperatures of over 40° are needed to
install the asphalt. With the completion of the driveway entrances and the
installation this week of one of the islands on the south half of the lot, construction
remains "on-schedule."
Roof/Stanley Manor House. The Roof Contract for the Stanley Manor House has
been completed and the final report accepted by the Colorado Historical Society.
Stanley Hall Advisory Committee. The Executive Director continues to
coordinate renovation with the Stanley Hall Advisory Committee. Staff is awaiting
confirmation from the Colorado Historical Society on the grant award.
Technical Review Committee meetings concerning Lot 7, Stanley Historic
District continue.
TOWN LIAISON REPORT AND COMMUNICATIONS.
No Report.
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BRADFORD PUBLISHING CO.RECORD OF PROCEEDINGS
Estes Park Urban Renewal Authority - March 19,1997 - Page 2
ADDITIONAL AUTHORITY BUSINESS
Second Amendment to the IGA. The Authority received and reviewed the
Second Amendment to the Intergovernmental Agreement with the Town. The
financial projections prepared by Steve Jackson and Monte Vavra were also
provided. In summary, the Second Amendment to the original IGA which was
entered into in 1990, then subsequently amended in 1994, results in a retention by
the Authority of $600,000 after bond payments, and Community Reinvestment
Fund transfers. Commissioner Klaphake explained TABOR implications affecting
the budget (base), the need for the Town to keep up with inflation, community
reinvestment calculations, and responded that transfer funds are placed in the
Town’s General Fund and used for operations. In addition, if either entity's budget
contains a surplus, the surplus is transferred to the Community Reinvestment
Fund.
It was moved and seconded (Putney /Henderson) the Chairman be authorized
to execute the Second Amendment to the Intergovernmental Agreement,
and it passed with Commissioner Klaphake abstaining. Pursuant to previous
discussion. Commissioner Putney stated that perhaps the time has come for the
Authority to focus on, and take a critical role in, economic development.
Director Anderson briefed the Authority on a Hotel Development Seminar being
held Monday, March 24 in Denver. The Director was urged to attend.
CITIZEN PARTICIPATION
None.
Acting upon the request of Director Anderson, a roll call vote was taken in favor of
entering an Executive Session to discuss property negotiations.
There being no further business. Chairman Gunn adjourned the meeting to
Executive Session at 8:28 a.m.
Vickie O’Connor, CMC/AAE, Town Clerk