HomeMy WebLinkAboutMINUTES Estes Park Urban Renewal Authority 2006-11-15RECORD OF PROCEEDINGS
Town of Estes Park, Larimer County, Colorado, November 15, 2006
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 Town Hall in said Town of Estes Park on the 15th day of
November, 2006.
Committee:
Attending:
Also Attending:
Absent:
Chairman Swank, Commissioners Cope, Ericson, Little,
Repola, Steige, and Wilcocks
All
EPURA Executive Dir. Smith, Town Recording Secretary
Roederer
None
Chairman Swank called the meeting to order at 8:00 a.m.
COMMUNITY COIVIIVIENTS.
None.
COMMISSIONER COMMENTS.
Commissioner Little stated she had received an anonymous letter regarding Wiest
Drive. Executive Dir. Smith will provide copies of the letter to all Committee members.
MINUTES.
The minutes of the meeting held October 17, 2006 were approved.
EXECUTIVE DIRECTOR’S REPORT.
1. Presentation to Town Board regarding Extension of EPURA beyond 2008 - The
presentation at the Town Board meeting on November 14, 2006 was well
received. A meeting with attorney Jim Windholz will be held November 16, 2006
to negotiate a contract for services relative to extending EPURA beyond 2008.
Discussion followed regarding the twelve areas identified as possibilities for the
blight study and whether the cost of the blight study will paid from the EPURA
budget. Doing so will allow EPURA to provide direction over the areas
considered for the blight study and would provide continuity. If the Town is asked
to pay the for blight study. Town planning staff would most likely do the study.
2. Update on Wiest Drive Riverwalk - Design Studios West is proceeding with the
construction documents and the request for proposal process is being expedited.
Phasing will be used if necessary to minimize impact on area businesses.
Commissioner Wilcocks stated his desire to see the work completed in one
season, noting the economic benefits of completion would outweigh the negative
impacts of disruption to businesses.
APPROVAL OF THE 2005 AUDIT.
It was moved and seconded (Repola/Cope) to approve the 2005 audit as presented,
and it passed unanimously with Commissioner Ericson abstaining. When the 2006 audit
is reviewed, the auditor will be asked to be present at the meeting to answer
Commissioners’ questions.
NOVEMBER 2006 FINANCIAL REPORT.
Executive Dir. Smith provided copies of the November financial report showing
expenditures for October and November 2006, as well as year-to-date budget
information.
RECORD OF PROCEEDINGS
Estes Park Urban Renewal Authority - November 15, 2006 - Page 2
2007 & 2008 BUDGET.
Executive Dir. Smith presented budget worksheets for FY 2007 and FY 2008 for the
Commissioners’ consideration. The budget must be adopted at the December 20, 2006
meeting. Most expenses are determined by the existing intergovernmental agreement
with the Town of Estes Park and by existing bond obligations. There is approximately
$1.7 million in the budget for projects; sale of the RIverspointe condominium would
provide approximately $1 million in additional funds. Exec. Dir. Smith recommended
allocating all available funds for 2007 projects; any remaining funds will be carried over
to 2008. Budgeted funds for legal expenses were increased for FY 2007 to cover the
anticipated costs of proceeding with the renewal of EPURA after 2008. Exec. Dir. Smith
will complete a draft resolution for the December EPURA meeting and publish all
required legal notices. Commissioner Repola noted the current annual debt service on
the bonds is approximately $1 million. Completion of the debt service combined with tax
increment funds will provide approximately $1 million at the end of FY 2008, which
would provide seed money for a new EPURA after 2008.
MISCELLANEOUS.
Eric Blackhurst. listing agent for the Riverspointe condominium, addressed the
Commissioners. He stated he continues to advertise the condominium both locally and
nationally, including two local MLS listings, three national commercial databases, and
advertising in the local media, but has had minimal contact from interested buyers.
REQUEST TO ENTER EXECUTIVE SESSION:
24-6-402(4){e) C.R.S., for the purpose of determining positions relative to matters that
may be subject to negotiations, developing strategy for negotiations, and instruction of
negotiators regarding the Riverspointe condominium.
It was moved and seconded (Repola/Ericson) the EPURA Board enter Executive
Session for the purpose of determining positions relative to matters that may be
subject to negotiations, developing strategy for negotiations, and instruction of
negotiators, and it passed unanimously.
Whereupon Chairman Swank adjourned the meeting to Executive Session at 8:45 a.m.
Chairman Swank reconvened the meeting to open session at 9:30 a.m.
Whereupon, Chairman Swank adjourned the regular meeting at 9:31 a.m.
Julie Rpederer, Recording S^retary
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