csuralogov2
MEETING

AUGUST 18, 2011

AGENDA

Date:

August 11, 2011

To:

Commissioners of the Urban Renewal Authority

From:

Michael Collins, Chair

Subject:

Regular Meeting, August 18, 11:00 a.m.

Gold Hill Mesa Community Center

142 S. Raven Mine Drive

Colorado Springs, CO 80905

Agenda:

1.

Approval of June 16 CSURA meeting minutes

2.

Approval of Financial Report as of July 30, 2011

3.

Gold Hill Mesa UpdateBob Willard

4.

Gold Hill Mesa Metro Agreement ChangesDan Hughes

5.

Vineyards Project Update – Chuck Miller

6.

UCCS Planning Project Update – Jim Rees

7.

North Nevada Sales Tax AuditCarrie Bartow

8.

North Nevada Sculptures Liability CoverageMary-K. Burnett

9.

Other Matters – Work Session Topics – Chuck Miller and Authority Members

10.

Adjournment

MINUTES OF THE REGULAR MEETING OF THE

URBAN RENEWAL AUTHORITY

OF THE CITY OF COLORADO SPRINGS

HELD ON THURSDAY, AUGUST 18, 2011

On the 18th day of August, 2011 at 11:00 a.m., the Commissioners of the Urban Renewal Authority of the City of Colorado Springs met in Regular Session at the Gold Hill Mesa Community Center, 142 South Raven Mine Drive, Colorado Springs, Colorado.

In attendance were:

COMMISSIONERS:

Michael Collins

Brian Colvert

Dottie Harman

Scott Hente

Jim Kin

Judy Noyes

John Olson

Susan Wood-Ellis

ABSENT:

Rosemarie Venezia

Also in attendance:

Ryan Tefertiller

City Land Use Review

Bob Cope

City Economic Development

Rich Laden

The Gazette

Bob Willard

Gold Hill Mesa

Doug Berwick

Berwick Electric

Dan Hughs

CSURA Legal Council

Mary-K. Burnett

CSURA Staff

Chuck Miller

CSURA Staff

Jim Rees

CSURA Staff

Chairman Collins called the meeting to order at 11:05 a.m.

Item #1 – Approval of Minutes

Motion was made by Commissioner Olson, seconded by Commissioner Noyes, that the Minutes of the Regular meeting, held on June 19th be adopted as written; the motion carried.

Item #2 – Approval of Financial Report

Mary-K. Burnett, reviewed the income and expenditure financial statement for June/July 2011 answering questions from Authority members. She noted that the tax increment figures for the urban renewal areas included in the July financial report were received in August. She also brought to the attention of Authority members that there was a line item under Operating Revenue for reimbursement of expenditures. These monies are reimbursement by project developers for consulting work shown under Services-General.

RESOLUTION NO. 1733

A RESOLUTION APPROVING THE FINANCIAL STATEMENT AND EXPENDITURES OF THE CSURA FOR THE PERIOD ENDING JULY 31, 2011

BE IT RESOLVED BY THE COMMISSIONERS OF THE URBAN RENEWAL AUTHORITY OF THE CITY OF COLORADO SPRINGS, COLORADO, THAT:

The financial statement and expenditures of the Colorado Springs Urban Renewal Authority for the period ending July 31st are hereby approved.

Motion was made by Commissioner Hente, seconded by Commissioner Noyes, that Resolution #1733 be adopted.

Upon a Call for the Vote, the following Commissioners voted:

AYES:

Michael Collins

Brian Colvert

Dottie Harman

Scott Hente

Jim Kin

Judy Noyes

John Olson

Susan Wood-Ellis

The following voted:

NAYES:

None

The motion was declared carried and the Resolution adopted.

Item #3 – Gold Hill Mesa Update – Bob Willard

Mr. Willard began his update by stating that there were currently 106 occupied homes in the Gold Hill Mesa (GHM) project area. There are two additional closings scheduled for later this month and six more in September. He commented that there is a movement toward environmentally sustainability in the building of new homes. One of the Parade of Homes structure has 64 solar panels, full geo-thermal heat and is in the process to be EPC water sense certified by the State of Colorado. This home is LEED Gold Certified; a first for a Parade home. The house is 4,000 square feet and it is expected that the utilities for a family of four will never exceed $50 per month. Mr. Willard stated that he plans to encourage the other builders to incorporate some green building values in their homes as well.

An apartment complex is in the early planning stage for the development area. It is expected that the rents will be on the high end and will stay within the neighborhood orientation. He then stated that all the current building is being funded privately due to the lack of financing available in the current market.

The Villa Mesa townhome development, which is surrounded by the Gold Hill Mesa development, has requested that a wall be built to separate them from the urban renewal area. The wall is partially built but the completion date has not been established. Gardner Home Builders have yet to submit plans for their Parade Home to CSURA for review. An in house Architecture Review Committee has made some design recommendations to the builder and most have been addressed by the builder to date. TIF funds will not be disbursed until the plan review has been completed by CSURA staff.

Mr. Willard stated that most of the higher end homes have been purchased by empty nesters thinking that this will be their last single residence. Most of the other buyers are first time home buyers without children. There are only about 10% of the residences with children.

Some paint colors within the development have been questioned by interested neighbors. It has been confirmed that all the colors used are within the approved color palette. There is also some thought being given to the possibility of building brownstones in the project area. If this comes to fruition it is expected that they will be planned for the east rim of the development area.

Authority members were impressed with the progress of the project and made positive comments on the landscaping, the various home designs and the incorporation of public art in the community areas.

Item #4 – Gold Hill Mesa Metro Agreement Changes – Dan Hughes

Mr. Hughes (CSURA Legal Counsel) explained that the Gold Hill Mesa Metro District No. 2 was planning to issue bonds which required clarification in two areas within the Agreement. The first was to state that the $50,000 annual CSURA administrative fee would begin in 2011 and end in Fiscal Year 2017. The other change was in Section 2.02 paragraph (c) which dealt with the use of Pledged Tax Revenue Funds for the payment of debt service and the District’s operations and maintenance expenditures.

There being no further discussion Commission Hente presented:

RESOLUTION NO. 1734

A RESOLUTION APPROVING TWO CHANGES TO THE INTERGOVERNMENTAL TAX SHRING AGREEMENT BETWEEN CSURA AND THE GOLD HILL MESA METROPOLITAN DISTRICT NO. 2 AS PRESENTED BY CSURA LEGAL COUNSEL

BE IT RESOLVED BY THE COMMISSIONERS OF THE URBAN RENEWAL AUTHORITY OF THE CITY OF COLORADO SPRINGS, COLORADO, THAT:

A resolution changing the Intergovernmental Tax Sharing Agreement between CSURA and the Gold Hill Mesa Metropolitan District No. 2 concerning the annual CSURA admin fee and the use of monies in the Pledged Tax Revenue Fund is hereby approved.

Motion was made by Commissioner Hente, seconded by Commissioner Harman, that Resolution #1734 be adopted.

Upon a Call for the Vote, the following Commissioners voted:

AYES:

Michael Collins

Brian Colvert

Dottie Harmon

Scott Hente

Jim Kin

Judy Noyes

John Olsen

Susan Wood-Ellis

The following voted:

NAYES:

None

The motion was declared carried and the Resolution adopted.

Item #5 – Vineyard Project Update – Chuck Miller

Mr. Miller announced that the developer for the Vineyards project will be going before City Council on September 13th and has asked that representatives from CSURA attend the meeting in support of his request to form an improvement district which will provide an integral part of the financing within the project. The critical responsibility for CSURA will be in negotiating the redevelopment agreement. The special district will issue bonds for the project as will CSURA; however it has not be determined which entity will issue first.

Mr. Miller stated that this project is completely new territory for both CSURA and the developer. The complexities of the project are extreme. The project has great potential but will require partnering by various entities. This is the first CSURA project that includes personal property tax as well as real property tax. Authority members gave approval for support of the project at the City Council meeting in September.

Item #6 – UCCS Planning Project Update – Jim Rees

Mr. Rees stated that the initial in-put session with the consultant team for the project was held on July 13-14. The second session is scheduled for September 7-8. At that time it is expected that the consultants will present the constraints and opportunities of the site as well as conceptual floor plans for a sports arena. The results of the September meeting will be presented to University of Colorado at Colorado Springs for review.

Item #7 – North Nevada Sales Tax Audit – Carrie Bartow

This item was postponed to the September CSURA meeting.

Item #8 – North Nevada Sculpture Liability Coverage – Mary-K. Burnett

Ms. Burnett explained that the Authority had two options for maintenance and liability coverage for the four sculptures installed at the intersection of Eagle Rock Road and North Nevada Avenue in April 2011. The first option was to donate the pieces to the City to be added to their public art inventory. The City requires10% of the cost of each sculpture be put into an escrow account until needed for maintenance. Once the pieces are adopted into the public art inventory the City will cover the liability insurance. There were concerns about the priority for maintenance on behalf of the City due to so many budget cuts resulting in loss of positions within the applicable departments.

The second option was to set up an agreement between CSURA and University Village Colorado to cover the liability insurance and maintenance of the pieces. University Village had agreed to expand their current liability policy to cover the artwork on the North Nevada Avenue and be responsible for the maintenance of the pieces at no cost to CSURA. Authority members decided that University Village had a vested interest in maintaining the art pieces installed by UCCS and that the addition of four more pieces within the same proximity to the retail center made sense considering the uncertainty of the future of the City’s Parks, Recreation and Cultural Services Department with looming budget issues.

CSURA legal counsel was asked to assemble the agreement for conveyance of ownership, future sculpture maintenance and agreement that the sculptures will remain in their current location even if ownership is transferred in the future.

There being no further discussion Commission Wood-Ellis presented:

RESOLUTION NO. 1735

A RESOLUTION CONVEYING OWNERSHIP OF THE ARTISTIC SCUPTURES INSTALLED ON THE FOUR CORNERS AT THE INTERSECTION OF EAGLE ROCK ROAD AND NORTH NEVADA AVENUE IN THE FORM OF A CONTRACT AGREEMENT BETWEEN CSURA AND UNIVERSITY VILLAGE COLORADO TO INCLUDE LIABILITY INSURANCE AND MAINTENANCE RESPONSIBILITY

BE IT RESOLVED BY THE COMMISSIONERS OF THE URBAN RENEWAL AUTHORITY OF THE CITY OF COLORADO SPRINGS, COLORADO, THAT:

A resolution conveying ownership of four sculptures to University Village Colorado in exchange for liability insurance coverage maintenance is hereby approved.

Motion was made by Commissioner Hente, seconded by Commissioner Harman, that Resolution #1735 be adopted.

Upon a Call for the Vote, the following Commissioners voted:

AYES:

Michael Collins

Brian Colvert

Dottie Harmon

Scott Hente

Jim Kin

Judy Noyes

John Olson

Susan Wood-Ellis

The following voted:

NAYES:

None

The motion was declared carried and the Resolution adopted.

Item #9 – Other Matters

Work Session Topics – Chuck Miller and Authority Members

Mr. Miller reminded Authority members that the following topics were on the work session agenda:

  • Coordination and cooperation with downtown organizations
  • Communication with City Council members on behalf of CSURA
  • Proposed purchase of the Gas Administration Building
  • Financial Safety Net CSURA

He then asked if there were any other topics for discussion. It was decided that the above topics were enough to fill the work session.

Item #10 - Adjournment

There being no further business to come before the Commissioners, motion was made by Commissioner Noyes, seconded by Commissioner Harman to adjourn the meeting. Upon unanimous vote, the meeting was declared adjourned at 1:15p.m.

item4a2
Search
Nevadaafter1
Nevadaafter

 2017 Meetings

June 28, 2017
Special Meeting June 15, 2017

May 24, 2017
April 26, 2017

Special Meeting April 7, 2017
March 22, 2017

February 22, 2017

January 25, 2017

m3

December 21, 2016
November 16, 2016

November 10, 2016

October 26, 2016

City Council, October 5, 2016

September 28, 2016
August 24, 2016
August 3, 2016

July 20, 2016

June 22, 2016

May 25, 2016
April 27, 2016

City Council, April 6, 2016
Special Meeting, April 6, 2016
March 23, 2016

February 24, 2016

January 27, 2016

 2015 Meetings

December 16, 2015
November 18, 2015

November 10, 2015 CSURA/DDA

October 28, 2015 Special
October 14, 2015 Special
September 23, 2015

September 14, 2015
August 26, 2015

July 22, 2015

June 24, 2015

May 27, 2015

May 7, 2015 Work Session

April 22, 2015

March 25, 2015

February 25, 2015

January 27, 2015

 2014 Meetings

December 17, 2014
December 4, 2014

November 19, 2014

October 22, 2014

October 7, 2014, Special
September 24, 2014

September 10, 2014 Special

July 23, 2014
June 25, 2014
May 28, 2014

April 23, 2014

March 26, 2014

February 26, 2014

January 22, 2014

m6

December 18, 2013
November 19, 2013
October 18, 2013
September 25, 2013
August 28, 2013

June 26, 2013
May 22, 2013
April 24, 2013
March 27, 2013

February 27, 2013

January 23, 2013

m7

November 28, 2012
October 24, 2012

September 26, 2012

August 8, 2012

July 25, 2012

June 21, 2012

May 17, 2012

April 19, 2012

March 15, 2012
March 5, 2012
February 23, 2012
January 31, 2012 Special Meeting
January 19, 2012
January 13, 2012 Special Meeting

m8

December 15, 2011
November 10, 2011
September 15, 2011
August 18, 2011
June 9, 2011
May 19, 2011
April 19, 2011
March 17, 2011
February 24, 2011
January 20, 2011

 2010 Meetings

December 15, 2010
October 28, 2010
September 16, 2010
July 15, 2010
May 20, 2010
April 6, 2010
February 4, 2010
January 21, 2010