URA Agenda & Minutes 09-10-2013A 50 N
TOWN OF AVON, COLORADO
AVON URBAN RENEWAL AUTHORITY MEETING FOR TUESDAY, SEPTEMBER 10, 2013
MEETING BEGINS AT 9:00 PM
AVON TOWN HALL, ONE LAKE STREET
PRESIDING OFFICIALS
CHAIRMAN RICH CARROLL
VICE CHAIRMAN TODD GOULDING
BOARD MEMBERS DAVE DANTAS, CHRIS EVANS, JENNIE FANCHER
ALBERT "Buz" REYNOLDS, JR., JAKE WOLF
TOWN STAFF
TOWN ATTORNEY: ERIC HEIL TOWN MANAGER: VIRGINIA EGGER TOWN CLERK: PATTY MCKENNY
ALL LIQUOR BOARD 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 TOWN HALLAND RECREATION CENTER, AND AVON LIBRARY
1. CALL TO ORDER AND ROLL CALL
2. APPROVAL OF AGENDA
3. PUBLIC COMMENT
4. WORK SESSION
4.1. 2014 Mall Improvements — Financing Design Concepts
4.1.1. Design Concepts and Process for Design Approval and Completion
(Virginia Egger, Town Manager)
4.1.2.URA Bond Refinancing and Use of Proceeds for Improvements to the Pedestrian Mall
(Scott Wright, Finance Director)
5. MINUTES FROM JUNE 11, 2013
6. ADJOURNMENT
REVISED - Avon Meeting Agendas 13 09 10 (2) Page 5
TOWN OF AVON, COLORADO
MINUTES FOR THE URBAN RENEWAL AUTHORITY MEETING FOR SEPTEMBER 10, 2013
AVON TOWN HALL, ONE LAKE STREET
CALL TO ORDER AND ROLL CALL
Chairman Carroll called the meeting to order at 8 PM. A roll call was taken and Board members present were
Dave Dantas, Chris Evans, Jennie Fancher, Todd Goulding, Buz Reynolds and Jake Wolf. Also present were
Executive Director /Secretary Virginia Egger, Town Attorney Eric Heil, Authority Clerk Patty McKenny, Finance
Director Scott Wright, as well as other staff members and the public.
APPROVAL OF AGENDA
There were no changes to the agenda.
PUBLIC COMMENT
There were no public comments.
WORK SESSION
2014 Mall Improvements — Financing Design Concepts
Design Concepts and Process for Design Approval and Completion
(Virginia Egger, Town Manager)
VE presented memo information about the Avon Road Streetscape and Monument Sign per the memo
included in the packet. An update was presented about projects to be included in the capital improvements
fund budget for 2014, some of which would be considered in an effort to make improvements for 2015. Staff
has been working with Zehren and Associates to create design and cost estimates for these projects related
to the railroad bridge fagade, Avon monument sign, and the Avon Road streetscape. A tentative schedule
for the improvements was also presented.
URA Bond Refinancing and Use of Proceeds for Improvements to the Pedestrian Mall
(Scott Wright, Finance Director)
The memo was reviewed d that provided information about the Avon URA Series 2013 Bonds Cash Flow and
Accompanying Report from Stan Bernstein and Associates. There was some discussion about the modeling,
interest rates, debt service coverage ratios, need for permanent financing, and any potential prepayment
penalties. Chairman Carroll noted support to proceed on this financing and design of the mall
improvements. There was a discussion about a point of order noted by Michael Cacioppo about work
session vs. evening regular meetings, and the ordering of the agenda to allow for public comments on the
matter. Chairman Carroll noted that these items would be discussed again at future meetings.
MINUTES FROM JUNE 11, 2013
Board member Evans moved to approve the minutes from June 11, 2013; Board member Dantas seconded
the motion and it passed unanimously.
URA 13.09.10 Page i
TOWN OF AVON, COLORADO
MINUTES FOR THE URBAN RENEWAL AUTHORITY MEETING FOR SEPTEMBER 10, 2013
AVON TOWN HALL, ONE LAKE STREET
There being no further business to come before the Authority, the meeting adjourned at 8:30 PM.
APPROVED:
Rich Carroll
Dave Dantas
Chris Evans
Jennie Fancher
Todd Goulding
Albert "Buz" Reynol
Jake Wolf
RESPECTFULLY SUBMITTED:
,,,µ' C
tt -Kennuthority Clerk
URA 13.09.10 Page 2