URA Agenda & Minutes 06-23-2009TOWN OF AVON, COLORADO
AVON URBAN RENEWAL AUTHORITY MEETING FOR TUESDAY, .TUNE 23, 2009 �V 0 N
MEETING BEGINS AT 4:45 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. UPDATE ON URA CASH FLOW MODEL - 2009 VECTRA BANK LOAN (Scott Wright, Treasurer) Update on
URA Financial Model with consideration of the 2008 bond refinancing
4. CONSENT AGENDA
a. Minutes from June 9, 2009
5. ADJOURNMENT AT 5 PM
Avon Council Meeting.09.06.23
Page 2 of 5
MINUTES OF THE AVON URBAN RENEWAL AUTHORITY
HELD JUNE 23, 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, Buz
Reynolds, and Brian Sipes. 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.
UPDATE ON URA CASH FLOW MODEL — 2009 Vectra Bank Loan
Scott Wright, Treasurer, presented an update on the URA cash flow that was revised after the
2008 bonds had been refinanced using Stan Bernstein's model. He noted that the fund is in a
positive cash flow position with an ability to borrow additional money if deemed necessary by
the authority members in light of further Main Street construction discussions. The 2010
budgeting cycle would include discussions on possible phasing of the Main Street construction
or delaying the project entirely.
CONSENT AGENDA
a. Minutes from June 9, 2009
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" Rey
Ron Wolfe
RESPEC FULLY SUBMITTED:
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Patty McKenny, A ority Clerk