Loading...
URA Agenda & Minutes 04-28-2009TOWN OF AVON, COLORADO - AVON URBAN RENEWAL AUTHORITY MEETING FOR TUESDAY, APRIL 28, 2009 A7V O N MEETING BEGINS AT 4:45 PM ^ a_ —,, 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. VECTRA BANK UPDATE (Scott Wright, Treasurer) Update on bond restructure with formal Vectra Bank Commitment Letter, Sherman & Howard Engagement Letter, and updated timeline 4. CONSENT AGENDA a. Minutes from February 24, 2009 b. Sherman & Howard Engagement Letter (Scott Wright, Treasurer) 5. ADJOURNMENT AT 5 PM Avon Council Meeting.09.04.28 Page 2 of 6 MINUTES OF THE AVON URBAN RENEWAL AUTHORITY HELD APRIL 28, 2009 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 4:50 PM. A roll call was taken and Commissioners present were Rich Carroll, Dave Dantas, Kristi Ferraro, Amy Phillips, Brian Sipes. Buz Reynolds 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 Eric Heidemann, as well as members of the press and public. BOND RESTRUCTURING UPDATE Treasurer Scott Wright presented the Vectra Bank Commitment letter to the Authority, an engagement letter for services from Sherman & Howard to sere as bond counsel for the issuance and an updated timeline for the issuance. He noted that the loan documents are slated for consideration at the May 26th meeting date. The loan closing would occur a few days later. CONSENT AGENDA Chairman Wolfe asked for a motion to approve the consent agenda. Commissioner Phillips moved to approve the consent agenda, Commissioner Ferraro seconded the motion and it passed unanimously. a. Minutes from February 24, 2009 b. Sherman & Howard Engagement Letter There being no further business to come before the Authority, the meeting adjourned at 5 PM. APPROVED: Rich Carroll Dave Dantas Kristi Ferraro Amy Phillips Brian Sipes Albert "Buz" Reyr Ron Wolfe ES E U MITTED: a� C atty� c nny, Au orit lerk MINUTES OF THE AVON URBAN RENEWAL AUTHORITY HELD APRIL 28, 2009 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 4:50 PM. A roll call was taken and Commissioners present were Rich Carroll, Dave Dantas, Kristi Ferraro, Amy Phillips, Brian Sipes. Buz Reynolds 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 Eric Heidemann, as well as members of the press and public. BOND RESTRUCTURING UPDATE Treasurer Scott Wright presented the Vectra Bank Commitment letter to the Authority, an engagement letter for services from Sherman & Howard to sere as bond counsel for the issuance and an updated timeline for the issuance. He noted that the loan documents are slated for consideration at the May 26th meeting date. The loan closing would occur a few days later. There being no further business to come before the Authority, the meeting adjourned at 5 PM. APPROVED: Rich Carroll Dave Dantas Kristi Ferraro Amy Phillips Brian Sipes Albert "Buz" Reyi Ron Wolfe RESPECXFWrLY1 SUBMITTED: Patty McKenny, rity Clerk