HomeMy WebLinkAboutMINUTES - Urban Renewal Authority - Joint Session 1991-10-10BRAOFORD PUBLISHING CO.
RECORD OF PROCEEDINGS
TOWN/EPURA JOINT MEETING
October 10, 1991
Attending: Mayor Dannels, Trustees Aldrich,
Dickinson, Garrett, Habecker, Hix
Chairman Pauley, Commissioners Ericson,
Godbolt, Pohl, Swank
Also Attending: Town Administrator Klaphake, Assistant
Town Administrator Widmer, Finance
Officer Vavra, Executive Director
Anderson, Deputy Clerk Heifner
Absent: Trustee Barker, Commissioner Henderson
Director Anderson stated that Moody's Investors Service/New York
has recently conducted a review of EPURA's tax increment bond
rating and concluded the rating will remain Baal.
The Boards reviewed a draft Memorandum of Understanding between the
Town of Estes Park and the Estes Park Urban Renewal Authority.
Administrator Klaphake explained Item 1 of the Agreement which
proposes the Authority agree that the entire Reserve Fund for 1991
($50,000) is transferred to the Town of Estes Park for use as
research into the fuel contamination problem at Elkhorn Avenue and,
Item 2 of the agreement, proposing the Authority agree that $50,000
of the 1992 Reserve Fund is transferred to the Town for use as
research into the fuel contamination problem at Elkhorn Avenue.
Administrator Klaphake requested the Town release the Authority
from the annual $25,000 Economic Development Fund for 1991 and
1992.
Director Anderson explained Item 3 which authorizes the Authority
to utilize the remaining $25,000 of the 1992 Reserve Fund for the
purpose of resetting brick pavers in Streetscapes 1 and 2;
resetting electric pull boxes that have settled; installing
pavement that has spalled at the Old Church Shops entry area; and
other maintenance items as necessary in Streetscapes 1 and 2.
Under Item 5, it is proposed the Authority be authorized to utilize
a portion of the remaining Reserve Fund to replace the decking on
the Nagl walkway bridge.
Town/EPURA Boards' consensus was to submit the Memorandum of
Understanding to the EPURA for formal approval at its October 17th
meeting, followed by submission to the Town Board on October 22nd.
There being no further business, the meeting adjourned.
Donna Heifner, Deputy Clerk