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URA Agenda & Minutes 07-22-2008TOWN OF AVON, COLORADO URBAN RENEWAL AUTHORITY MEETING FOR TUESDAY, JULY 22, 2008 AVO N MEETING BEGINS AT 5 PM AVON MUNICIPAL BUILDING, 400 BENCHMARK ROAD PRESIDING OFFICIALS CHAIRMAN RON WOLFE VICE CHAIRMAN BRIAN SIPES COMMISSIONERS RICHARD CARROLL, DAVE DANTAS, KRISTI FERRARO, AMY PHILLIPS, TAMRA NOTTINGHAM UNDERWOOD STAFF EXECUTIVE DIRECTOR / SECRETARY: LARRY BROOKS TREASURER: SCOTT WRIGHT AUTHORITY CLERK: PATTY MCKENNY ALL URBAN RENEWAL MEETINGS ARE OPEN TO THE PUBLIC EXCEPT EXECUTIVE SESSIONS COMMENTS FROM THE PUBLIC ARE WELCOME DURING PUBLIC HEARINGS PLEASE VIEW AVON'S WEBSITE, HTTP://WWW.AVON.ORG, FOR MEETING AGENDAS AND MEETING MATERIALS AGENDAS ARE POSTED AT AVON MUNICIPAL BUILDING AND RECREATION CENTER, ALPINE BANK, AND AVON LIBRARY 1. ROLL CALL 2. INQUIRY OF THE PUBLIC FOR COMMENT AND APPROVAL OF AGENDA 3. NEW BUSINESS a. Contract Services for Leland Consulting Group (Scott Wright, Treasurer) Proposed contract for services related to urban renewal in Town Center East b. Revised Financial Model for Town Center West and the 2008 Tax Increment Bonds (Scott Wright, Treasurer) Review of revised cash flow projections based on revised financial model 4. RESOLUTIONS 5. CONSENT AGENDA a. Minutes from May 27, 2008 b. Lake Street Public Improvements Change Order No. 01 (Jeff Schneider, Project Engineer) Change Order 1 for the Lake Street Public Improvements including deletion of the Lake St./Main St. plaza and the addition of miscellaneous work items 6. ADJOURNMENT AT 5:20 PM Avon Council Meeting.08.07.22 Page 2 of 5 MINUTES OF THE AVON URBAN RENEWAL AUTHORITY HELD JULY 22, 2008 The Avon Urban Renewal Authority meeting was held at the Avon Municipal Building, 400 Benchmark Road, Avon, Colorado in the Council Chambers. Chairman Ron Wolfe called the meeting to order at 5 PM. A roll call was taken and Commissioners present were Rich Carroll, Kristi Ferraro, Amy Phillips, Brian Sipes and Tamra Nottingham Underwood. Dave Dantas was absent. Also present were Executive Director/Secretary Larry Brooks, Town Attorney John Dunn, Clerk Patty McKenny, Town Engineer Justin Hildreth, Treasurer Scott Wright, Assistant Town Manager Community Development Eric Heidemann, Public Works and Transportation Director Jenny Strehler as well as members of the press and public. NEW BUSINESS Scott Wright, Treasurer, presented the Contract Services for Leland Consulting Group. This proposed contract for services related to urban renewal in Town Center East. He noted that Ann Ricker was the consultant engaged by the Town to prepare the town Center West Urban Renewal Plan last year and that staff is now requesting her assistance in evaluating the feasibility of urban renewal in Town Center East as it relates to both the Town and Authority's goals and objectives, market opportunities and economic incentive policies and in Ight of the recent PUD application by Avon 21. It was noted that the powerpoint road show would not be included in Phase One of this proposal, but rather Phase Two. It was therefore agreed to just substitute the "reimbursable costs" with that of the powerpoint presentation. Board member Underwood moved to approve the Leland Consulting Group contract; Board member Sipes seconded the motion and it passed unanimously by those present (Dantas absent). Scott Wright, Treasurer reviewed the Revised Financial Model for Town Center West and the 2008 Tax Increment Bonds. It was noted that the development model reflects a lag of two years due to the economy and deferred construction of the Riverfront Resort & Spa project. Information takes into account only that new development of the riverfront subdivision; if new development is contemplated, the model would need to be revised again. CONSENT AGENDA Chairman Wolfe asked for a motion to approve the consent agenda. Commissioner Ferraro moved to approve the consent agenda, Commissioner Phillips seconded the motion and it passed unanimously by those present (Dantas absent). . a. Minutes from May 27, 2008 b. Lake Street Public Improvements Change Order No. 01 (Jeff Schneider, Project Engineer) Change Order 1 for the Lake Street Public Improvements including deletion of the Lake St./Main St. plaza and the addition of miscellaneous work items There being no further business to come before the Authority, the meeting adjourned at 5:20 PM. RESPECTFULLY SUBMITTED: APPROVED: Rich Carroll Dave Dantas Kristi Ferraro Amy Phillips Brian Sipes Tamra Underwood Ron Wolfe Per- Q Authority Clerk