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MEETING

JANUARY 13, 2012

AGENDA

Date:

January 10, 2012

To:

Commissioners of the Urban Renewal Authority

From:

Michael Collins, Chair

Subject:

Special Meeting, January 13, 10:00 a.m.

City Hall – Pikes Peak Room

107 N. Nevada Ave., Second Floor

Colorado Springs, Colorado

Agenda:

1.

Executive Session to discuss financial matters and strategy

2.

Ivywild Developer Alternative Fee Structure Options

3.

Other Matters: CSURA Bank Account Authorization

4.

Adjournment

MINUTES OF THE SPECIAL MEETING OF THE

URBAN RENEWAL AUTHORITY

OF THE CITY OF COLORADO SPRINGS

HELD ON FRIDAY, JANUARY 13, 2012

On the 13th day of January, 2012 at 10:00 a.m., the Commissioners of the Urban Renewal Authority of the City of Colorado Springs met in Special Session at 107 N. Nevada Avenue, at City Hall in the Pikes Peak Conference Room, Colorado Springs, Colorado.

In attendance were:

COMMISSIONERS:

Michael Collins

Dottie Harman

Scott Hente

Jim Kin

Judy Noyes

Rosemarie Venezia

John Olson

Rosemarie Venezia

Susan Wood-Ellis

ABSENT:

Brian Colvert

Also in attendance:

Bob Cope

City Economic Development

Mike Bristol

Ivywild School URA

Joseph Coleman

Ivywild School URA

Chris Jenkins

Downtown Partnership

Dan Hughes

CSURA Legal Counsel

Mary-K. Burnett

CSURA Staff

Chuck Miller

CSURA Staff

Jim Rees

CSURA Staff

Vice Chairman Olson called the meeting to order at 11:01 a.m.

Item #1 – Executive Session

Commissioner Kin made a motion to move into Executive Session to discuss financial matters and strategy. The motion was seconded by Commissioner Noyes and passed unanimously.

Chairman Michael Collins enters meeting at 10:05 a.m.

The following topics were discussed in executive session:

Current project fee structure

Review of project fee structure

Project fee philosophy

Commissioner Venezia made a motion to move out of Executive Session at 10:59 a.m. The motion was seconded by Commissioner Noyes and passed unanimously.

Item #2 – Ivywild Developer Alternative Fee Structure Options

Mr. Mike Bristol, Ivywild School Project developer, thanked CSURA members for scheduling the special meeting to discuss the Ivywild project. Commissioner Kin summarized the process for an urban renewal project and the standard fee structure. He stated that the Authority members were interested in hearing the alternative fee structure options that Mr. Bristol had to present. Commissioner Kin further stated that CSURA intends to review the current project fee structure on an overall basis; not based on a specific project. CSURA has not yet made a decision on the amount of fees for the Ivywild project. A project fee schedule is part of the redevelopment agreement process.

Commissioner Hente interjected that in his eleven years on City Council project fee structure for an Urban Renewal Area has never been discussed. He stated that City Council’s main objective is to support a viable project for the benefit of the Colorado Springs community. He then excused himself from the meeting at 11:15 a.m.

Mr. Bristol stated that he and his partner, Mr. Joseph Coleman, feel that Urban Renewal is a wonderful tool to make redevelopment projects viable. He asked CSURA members if they agreed with the list of goals in the project fee structure distributed with the meeting packet. He then stated that he and Mr. Coleman were not comfortable with the current project fee structure as submitted by CSURA staff. He then presented several alternative fee options.

Commissioner Olson excused himself from the meeting at 11:29 a.m.

Commissioner Venezia stated that it would be most beneficial if all parties could walk away feeling good about the fee structure and the viability of the Ivywild project.

Commissioner Wood-Ellis excused herself from the meeting at 11:45 a.m.

Mr. Coleman expressed his frustration over the “log jam” created, in his opinion, by the project fee structure. Further discussion occurred concerning the percent of sales tax being considered for this project in the proposed tax sharing agreement. Clarification was made by Mr. Bob Cope, City Economic Development, concerning earlier discussions between CSURA staff and the developers stating that scenarios for 0% to 2% sales tax TIF had been discussed as possible options for the project. He suggested that a fee agreement be worked out that met the objectives of all parties.

Commissioner Harman requested that the fee structure be reviewed by CSURA staff for re-consideration by Authority members at the January 19th meeting. She also reiterated that CSURA has heard and understands the concerns of the developer.

Item #3 – Other Matters

Mary-K. Burnett explained that the Pikes Peak Room had been scheduled every Thursday through May until 11:30 a.m. for special taskforce meetings. She asked Authority members if they minded setting their meeting schedule back 30 minutes until the end of May. It was agreed that beginning in February the Authority meetings would begin at 11:30 a.m. instead of 11:00 a.m. through May 2012.

Ms. Burnett then explained that in updating the office address for the Colorado Springs Urban Renewal Authority bank statements there needed to be official clarification on who has authority on the accounts. She explained that currently Michael Collins, Jim Rees and she have signature power on checks. Ms. Burnett requested approval from Authority members to be designated as the main point of contact and to have the authority to make decisions on the CSURA bank accounts.

There being no further discussion Commissioner Harman presented:

RESOLUTION NO. 1743

A RESOLUTION DESIGNATING MARY-K. BURNETT AS THE OFFICIAL CONTACT ON ALL CSURA CHASE BANK ACCOUNTS WITH AUTHORITY OVER CSURA BANK ACCOUNT DECISIONS

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

Mary-K. Burnett has authority to make decisions on all CSURA bank accounts held at Chase Bank and act as official contact person on behalf of the Colorado Springs Urban Renewal Authority.

Motion was made by Commissioner Harman, seconded by Commissioner Noyes, that Resolution #1743 be adopted.

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

AYES:

Michael Collins

Dottie Harman

Jim Kin

Judy Noyes

Rosemarie Venezia

The following voted:

NAYES:

None

The motion was declared carried and the Resolution adopted.

Item #4 - Adjournment

There being no further business to come before the Commissioners, motion was made by Commissioner Kin, seconded by Commissioner Noyes to adjourn the meeting. Upon unanimous vote, the meeting was declared adjourned at 12:15 p.m.

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