URA Agenda & Minutes 08-10-2010TOWN OF AVON, COLORADO U N
AVON URBAN RENEWAL AUTHORITY MEETING FOR TUESDAY, AUGUST 10, 2010
MEETING BEGINS AT 4:15 PM
AVON TOWN HALL, ONE LAKE STREET
PRESIDING OFFICIALS
CHAIRMAN RON WOLFE
VICE CHAIRMAN BRIAN SIPES
COMMISSIONERS RICHARD CARROLL, DAVE DANTAS, KRISTI FERRARO,
AMY PHILLIPS, ALBERT "Buz" REYNOLDS, JR.
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. Main Street and Urban Renewal Authority Revised Financial Model (Scott Wright, Treasurer, Stan
Bernstein, SBA) Review revisions to URA fund model, impacts on projects, and possible financing
scenarios
b. Avon Main Street Streetscape Improvements — Construction Phasing and Alternative Design
(Justin Hildreth, Town Engineer) Review of Main Street construction as a phased project
4. CONSENT AGENDA
a. Minutes from February 9, 2010
5. ADJOURN AT 5 PM
Avon Council Meeting.10.08.10
Page 2 of 5
MINUTES OF THE AVON URBAN RENEWAL AUTHORITY
HELD AUGUST 10, 2010
The Avon Urban Renewal Authority meeting was held at the Avon Town Hall, One Lake Street,
Avon, Colorado in the Council Chambers.
Chairman Ron Wolfe called the meeting to order at 4:35 PM. A roll call was taken and
Commissioners present were Rich Carroll, Dave Dantas, Amy Phillips, Buz Reynolds, and Brian
Sipes. Kristi Ferraro was absent. Also present were Executive Director /Secretary Larry Brooks,
Town Attorney Eric Heil, Authority Clerk Patty McKenny, Town Engineer Justin Hildreth,
Treasurer Scott Wright, Assistant Town Manager Community Development Sally Vecchio,
PW &T Director Jenny Strehler, as well as members of the press and public.
NEW BUSINESS
Scott Wright, Treasurer, and Stan Bernstein, SBA, presented a Main Street and Urban Renewal
Authority Revised Financial Model with a review of the revisions made to URA fund model,
impacts on projects, and possible financing scenarios. He presented a summary of the future
URA Bonding Capacity taking into account reduced assessed valuations in 2012 and thus a
lower property tax revenue collection. He noted that the projections are also dependent upon
when the building of the Westin Riverfront Resort timeshare buildings would occur.
Justin Hildreth, Town Engineer, presented an update to the Avon Main Street Streetscape
Improvements with some information about the Construction Phasing and Alternative Design
options. Discussion ensued about what timing might exist on building some part of the Main
Street; most members agreed that the financial model shows waiting until at least 2012. It was
noted that the topic would be raised again at the October budget retreat.
CONSENT AGENDA
Chairman Wolfe asked for a motion on the consent agenda. Commissioner Dantas moved to
approve the consent agenda; Commissioner Carroll seconded the motion and it passed
unanimously.
a. Minutes from February 9, 2010
There being no further business to come before the Authority, the meeting adjourned at
5:20 PM.
APPROVED:
Rich Carroll
Dave Dantas
Kristi Ferraro
Amy' Phillips
Brian Sipes
Albert "Buz" Reynolds
Ron Wolfe
RESPECTFULLY SUBMITTED:
� -v
Patty McKenny, uthority Clerk