HomeMy WebLinkAboutMINUTES Estes Park Urban Renewal Authority 2008-01-16RECORD OF PROCEEDINGS
Town of Estes Park, Larimer County, Colorado, January 16, 2008
Minutes of a Regular meeting of the ESTES PARK URBAN RENEWAL
AUTHORITY of the Town of Estes Park, Larimer County, Colorado.
Meeting held at the Rocky Mountain Nature Association in said Town
of Estes Park on the 16th day of January, 2008.
Commissioners:
Attending:
Also Attending:
Absent:
Chairman Swank, Commissioners Cope, Ericson, Halburnt,
Little, Steige, and Wilcocks
Chairman Swank, Commissioners Cope, Ericson, Halburnt,
Little, Steige, and Wilcocks
EPURA Dir. Smith, Finance Dir. McFarland, Attorney Paul
Benedetti, Lee Sammons, Deputy Town Clerk Deats
None
Chairman Swank called the meeting to order at 9:00 a.m.
COMMUNITY COMMENTS.
Community members attending the meeting introduced themselves: Tom Ewing/1082
Fall River Court, Dorla Eisenlauer/2020 S. Sharon Court, Bob Ernst/147 Stanley Circle
Drive, Paul Fishman/14ers Cafe, and Eric Waples/1519 Raven Circle. Attorney Paul
Benedetti introduced himself to the Commissioners. Dir. Smith thanked Attorney
Benedetti for attending the meeting and agreeing to assist with the immediate task of
compiling a new urban renewal plan for EPURA, subsequent to the untimely death of
EPURA Attorney Jim Windholz. Dir. Smith stated that EPURA has lost both an attorney
and a good friend with the passing of Attorney Windholz.
COMMISSIONER COMMENTS.
None
MINUTES.
The minutes of the regular meeting held December 19, 2007, were approved.
EXECUTIVE DIRECTOR’S REPORT.
1. Update for Park Theater Mall Area Riverwalk - Dir. Smith reported that the
project is beginning, and invited the commissioners to attend the regular project
coordination meetings that will be held each Thursday morning at 8:30 a.m. at
the construction trailer. He stated that there has been some objection to the
location of the construction trailer by area merchants, but it has been placed to
most conveniently service the project. The timing of the project has been
developed to provide for the least amount of negative impact to the affected
businesses and will be conducted in three phases: Phases One and Two
involving work on the north and south walls of the river, with improvements to the
Park Theater Mall itself being completed during the third phase. If project
deadlines are not met due to unforeseen delays, the improvements to the mall
may be deferred until a later date so that businesses can operate normally during
the summer season. Dir. Smith stated: Attorney White is preparing a contract
related to the project to be executed by EPURA and Sharon Seeley; permits are
being obtained from the Corps of Engineers for the required river work; CDOT
has been contacted regarding lane closures along Moraine Avenue; Heath
Construction will meet with merchants on a regular basis throughout the project;
RECORD OF PROCEEDINGS
Estes Park Urban Renewal Authority - January 16, 2008 - Page 2
and the need to deny access to any of the mall and/or adjacent properties will be
kept to a minimum. Dir. Smith has scheduled a public meeting to be held on
Friday, January 18th at 8:00 a.m. with the contractor and tenants of the Park
Theater Mall to address concerns about the project.
Financing the Park Theater Mall Area Riverwalk Project - Dir. Smith requested
that Finance Dir. McFarland review the financial reports for the general, capital,
and debt funds. Finance Dr. McFarland stated that money is currently escrowed
for the final debt payment due in May 2008, with approximately $592,000
available to apply to the Park Theater Mall project. Based on project cost
estimates and a review of past revenue flow, he anticipates financial
arrangements will be necessary to cover a short term deficit that will occur during
the project. Discussion ensued on the following topics: financing sources
available to EPURA; when tax increment funding for the current EPURA will end;
contact the Larimer County Assessor to confirm proper calculations and
allocations of property tax increment; funding for construction project if extension
of EPURA is not approved; how a new base for tax increment funding is
established by the county assessor; financial arrangements for the early years of
an extended EPURA; the financial benefits that have been realized by other tax
districts related to the work completed by EPURA over the past 25 years; call the
bond and make final debt payment early to save Interest; and EPURA has been
a major component in the economic engine of Estes Park over the past 25 years
increasing property values, sales tax revenues, and beautifying and benefiting
the community.
RESOLUTION #384 - DESIGNATING A PUBLIC PLACE FOR POSTING NOTICES
OF MEETINGS.
Dir. Smith read into record Resolution #384, designating the public place for posting
notices of EPURA meetings. It was moved and seconded (Wilcocks/Ericson)
Resolution #384 be adopted, and it passed unanimously.
Whereupon, Chairman Swank adjourned the regular meeting at 10:25 a.m.
Cynthfe Deats, Deputy Town Clerk