HomeMy WebLinkAboutMINUTES Estes Park Urban Renewal Authority 2003-10-15RECORD OF PROCEEDINGS
Town of Estes Park, Larimer County, Colorado, October 15, 2003
Minutes of a Regular meeting of the ESTES PARK URBAN RENEWAL
AUTHORITY of the Town of Estes Park, Larimer County, Colorado. Meeting
held in the Municipal Building in said Town of Estes Park on the 15th day of
October 2003.
Committee:
Attending:
Also Attending:
Absent:
Chairman Putney, Commissioners Jarolimek, Little, Steige,
Swank, Wasson, Widmer
All
Executive Director Smith, Town Finance Officer Brandjord,
and Deputy Clerk van Deutekom
None
Chairman Putney called the meeting to order at 8:00 a.m.
MINUTES.
It was moved and seconded (Swank/Little) the minutes of the regular meeting held
September 17,2003 be approved, and it passed unanimously.
COMMUNITY COMMENTS.
None.
COMMISSIONER COMMENTS.
Commissioner Wasson reported that Qwest announced the availability of digital
subscriber line (DSL) service to the Estes Park area effective October 9th.
Chairman Putney acknowledged the letter from Deborah Gaddie regarding the location
of a performing arts theater and explained that this was not an EPURA project. Her
letter will be forwarded to the Town Board.
Commissioner Steige expressed appreciation for the numerous events in September
and October that should enhance sales tax revenues for the Town.
Commissioner Widmer noted that sales tax revenues for August are up 4.5% from last
year.
CONSIDERATION OF SITE FOR “ENOS MILLS & SCOTCH” SCULPTURE. Director
Smith reviewed the sites considered for the “Enos Mills & Scotch sculpture, to include
Tallant Park, Bond Park, and the west end of Elkhorn Ave. Completion of the sculpture
is anticipated in December and a suitable location needs to be determined. Staff
recommended the northeast area of Bond Park, with the understanding that when the
forthcoming Master Plan for Bond Park is developed the sculpture might be relocated
within Bond Park. Prior to delivery, a rock base should be installed at the preferred
location to support the sculpture. Director Smith, Public Works Director Linnane, and
Parks Supt. Speedlin will assist in selecting a base using dimensions provided by the
Foundry. Discussion followed regarding the Bond Park Master Plan and statue
placement/movement. Director Smith explained that the request to place the sculpture
in Bond Park will be placed on the agenda for the November Public Works Committee
and then proceed to Town Board for approval.
Those speaking in favor of the Bond Park location included.
Bonnie Fulford, Bob Berger, and Bud Hampton.
Bill Pinkham/Art Center,
RECORD OF PROCEEDINGS
Estes Park Urban Renewal Authority - October 15,2003- Page 2
Concluding all discussion, it was moved and seconded (Wasson/Steige) to
recommend to the Town Board that the “Enos Mills & Scotch” sculpture be
placed in the northeast corner of Bond Park, and it passed unanimously.
RESOLUTION #339 - APPROVAL AND ACCEPTANCE OF THE FISCAL YEAR 2002
AUDIT. Finance Officer Brandjord reported that the audit report is in order, has been
conducted according to professional accounting procedures, and reveals no problems
or irregularities. Director Smith read Resolution #339 approving and accepting the fiscal
year 2002 Audit completed by Swanhorst and Cutler LLC. It was moved and
seconded (Swank/Little) Resolution #339 be approved as presented, and it passed
unanimously.
RESOLUTION #340 - APPROVAL OF THE FOURTH AMENDMENT TO THE
INTERGOVERNMENTAL AGREEMENT fIGA),SECOND AMENDMENT TO THE
COOPERATION AGREEMENT, AND SECOND AMENDMENT TO THE
CONFERENCE CENTER LEASE PURCHASE AGREEMENT. Director Smith read
Resolution #340 approving the Fourth Amendment to the IGA, the Second Amendment
to the Cooperation Agreement, and the Second Amendment to the Conference Center
Lease Purchase Agreement. The Fourth Amendment to the IGA provides that EPURA
retain an amount of the tax increment revenues necessary to pay off the bond
indebtedness, provide $2,500,000 for projects, and receive $200,000 annually for basic
operational expenses. The Second Amendment to the Cooperation Agreement
incorporates the necessary changes to pay of the Series 1993 bonds with the proceeds
of the Series 2003 bonds. The Second Amendment to the Conference Center Lease
Purchase Agreement incorporates the necessary changes to reflect the terms of the
Series 1993 bond refinancing with proceeds of the Series 2003 bonds. These
amendments have been reviewed by the EPURA and Town Attorneys and have been
recommended for approval.
Doug Houston/George K. Baum & Company reported that the bonds received a bond
rating of Baa1 and are the highest rated urban renewal bonds in the state.
Concluding all discussion, it was moved and seconded (WidmerAA/asson) Resolution
#340 be approved as presented, and it passed unanimously.
STAFF REPORT/ PROJECTS.
Executive Director’s Report. 1) A new tenant is renting the Bob’s Amoco building for
storage through the winter; 2) a preliminary Budget will be presented at the November
meeting. The final Budget will be presented in December and project funding allocation
will be performed in January. 3) completion of the kayak course is anticipated in
November.
There being no further business, Chairman Putney adjourned the meeting at 8:53 a.m.
The next regular meeting will be November 19, 2003.
Rebecca van Deutekom, CMC, Deputy Town Clerk