HomeMy WebLinkAboutMINUTES Estes Park Urban Renewal Authority 1985-11-07BRADFORD PUBLISHING CO.RECORD OF PROCEEDINGS
J^stes Park Urban Renewal Authority
November 7, 1985
Commissioners;
Attending:
Also Attending
Absent:
Charles H. Phares, Anne K. Moss, Edward B. Pohl,
Milt Ericson, Lyle Frantz, Dale G. Hill,
J. Donald Pauley
Chairman Phares, Commissioners Moss, Pohl,
Ericson, Frantz and Pauley
Executive Director Art Anderson, Bob Joseph,
Attorney Jim Windholz, Jim Kreidle,
Secretary Heifner
Commissioner Hill
Minutes of the October 17 and 31, 1985 meetings were approved as
presented.
COMMITTEES
Finance and Budget — Commissioner Pohl stated that a notice was
published yesterday in the Trail Gazette that EPURA will consider
adoption of the 1985 revised budget at its November 21, 1985 regular
meeting. Director Anderson noted that adoption of EPURA's 1986
budget will occur in December.
UNFINISHED BUSINESS
Announcement of River Corridor Master Plan Consultant — Director
Anderson reported that eight firms responded to the Authority s
Request for Proposal with a price range from $62,640 to $216,300.
Submitted proposals were reviewed by Staff and Commissioners. A
short list of firms to be interviewed was prepared by the
Commissioners (Urban Edges/DHM, Design Studios West, The Landplan
Design Group and THK Associates). Interview meetings were lead by
Anne Moss, acting Chairman of the Board, with a majority of Board
members present. Rich Widmer and Steve Stamey also attended.
Commissioner Moss reported that all four firms had very strong
points and the decision was difficult. References were checked by
Staff and the Board looked at quality of graphics, expertise on
othGT river workf possible new ways of doing river corridor plansf
and involvement in public participation meetings -- how they would
work with the public and the Urban Renewal Authority. The Board
chose Design Studios West as the winning design firm.
It was moved and seconded (Moss-Frantz) to award the River Corridor
Master Plan contract to Design Studios West, Inc. and to direct
Staff to proceed with negotiating a contract. Motion carried.
Presentation of TIF Bond Issue - Kirchner/Moore - Jim Kreidle,
Kirchner/Moore & Co. was present and stated that at an informational
meeting held last week, Steve Jackson of Boudreaux & Jackson, CPA s
presented a study, indicating the historical property and sales tax
increment and future projections. Using that as a base,
Kirchner/Moore developed the bond issue cash flow study relating to
the proposed $2,190,000 bond issue. Bond coverage is over 2.2 times
needed monies from the year 1987 onward.
Louis O'Riordan, representing Taxpayer's Trust, commented on the
proposed bond issue and asked if the Town was obligated ^o pay o
the debt service should a default occur. Kreidle responded that the
bonds are secured by the incremental property and sales taxes. The
propsective bondholder is aware of this risk when he purchases bonds
and the town has no obligation. In addition, even if the projections
were 50% wrong, the debt service could still be repaid, in that the
coverage is more than adequate.
BRADFORD PUBLISHING CO.RECORD OF PROCEEDINGS
It was moved and seconded (Pohl—Moss) that Kirchner/Moore and our
bond counsel be authorized to proceed with preparing documents for
this bond issue and a formal presentation be made at the November
21, 1985 URA Board meeting, by Kirchner/Moore, thereby allowing the
Board to pass on a formal resolution. Motion carried.
NEW BUSINESS
Louis 0'Riordan and Mike Haber were present and distributed a copy
of their proposed parking solution to the Board. Commissioner Pohl
and Director Anderson both thanked O'Riordan and Haber for their
work in trying to solve a difficult problem. Questions were raised
regarding the possible inequities and legalities of this proposal.
O'Riordan indicated that this was a possible blueprint for a parking
plan, which could be modified. Haber said that the property owners.
Town and EPURA need to work together.
STAFF
There is Merchant/EPURA communication meeting planned for Tuesday,
November 12, 1985 at 8:15 a.m. in Room 203.
Attorney Windholz reported that a proposed contract will be
forwarded to Design Studios West next week and should be available
for Board approval on November 21, 1985.
Motion and memo requesting attorney's fees in the Binstock case will
be filed next week.
Director Anderson requested a Board work session following today's
meeting.
There being no further business, the meeting was adjourned.
CO. ________
Donna Heifner, Recor'djng Secretary