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:
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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