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MEETING

AUGUST 28, 2013

AGENDA

Date:

August 20, 2013

To:

Commissioners of the Urban Renewal Authority

From:

David Neville, Chair

Subject:

Regular Meeting, August 28, 11:00 a.m.

City Hall – Pikes Peak Room

107 N. Nevada Ave., Second Floor

Colorado Springs, Colorado 80903

Agenda:

1.

Approval of June 26, 2013 CSURA meeting minutes

2.

Approval of Financial Report as of July 31, 2013

3.

CSURA Continuing Disclosure Statement – Carrie Bartow

4.

Copper Ridge Redevelopment Agreement – Jim Rees

5.

Gold Hill Mesa Contemporary Style – Design Standards Amendment – Bob Willard

6.

North Nevada Design Guideline Changes – Jim Rees

7.

Liability Insurance Coverage – David Neville, Mary-K Burnett

8.

Council Member Meetings – David Neville, Tiffany Colvert, Jim Rees

9.

Project Status – Second Quarter Report

10.

Other Matters

11.

Adjournment

MINUTES OF THE REGULAR MEETING OF THE

URBAN RENEWAL AUTHORITY

OF THE CITY OF COLORADO SPRINGS

HELD ON WEDNESDAY AUGUST 28, 2013

On the 28th day of August, 2013 at 11:00 a.m., the Commissioners of the Colorado Springs Urban Renewal Authority of the City of Colorado Springs met in Regular Session at 107 N. Nevada Avenue, at City Hall in the Pikes Peak Conference Room, Colorado Springs, Colorado.

In attendance were:

COMMISSIONERS:

Merv Bennet

Tiffany Colvert

David Isbelle

David Neville

Jim Raughton

Robert Shonkwiler

Rosemarie Venezia

Susan Wood-Ellis

ABSENT:

Wynne Palermo

Also in attendance:

Bob Cope

City Economic Vitality

Steve Tuck

City Land Use Review

Robert Louden

Citizen, SW Property Owner

Carrie Bartow

CliftonLarsonAllen, CPA

Dan Hughes

CSURA Legal Counsel

Jim Rees

CSURA Staff

Mary-K. Burnett

CSURA Staff

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

Item #1 – Approval of Minutes

Motion was made by Commissioner Raughton, seconded by Commissioner Venezia that the Minutes of the Regular meeting, held on June 26, 2013 be adopted as written. The motion carried.

Item #2 – Approval of Financial Report as of July 31, 2013

Ms. Carrie Bartow, CliftonLarsonAllen CPA, reviewed the monthly revenue and expenditures report as of July 31, 2013 including the property tax received from each Urban Renewal Area along with the most recent sales tax numbers on North Nevada. Commissioner Raughton requested that the TIF reports be re-formatted so that they are right side up for easier review.

Mary-K. Burnett reviewed the check register and answered questions from Authority members concerning expenditures for July and August. She reported transfers that had been made for annual administrative fees for City Auditorium Block, CityGate and Ivywild Urban Renewal Areas.

Commissioner Raughton asked if the reported cash flow problem had been resolved. Jim Rees stated that CSURA is still short on revenue and may not have enough funding to last out the year.

There being no further discussion Commissioner Wood-Ellis presented the following resolution:

RESOLUTION NO. 1794

A RESOLUTION APPROVING THE INCOME AND EXPENDITURES OF THE CSURA FOR THE PERIOD ENDING JULY 31, 2013

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

The income and expenditures of the Colorado Springs Urban Renewal Authority for the period ending July 31, 2013 are hereby approved.

Motion was made by Commissioner Wood-Ellis, seconded by Commissioner Venezia, that Resolution #1794 be adopted.

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

AYES:

Merv Bennett

Tiffany Colvert

David Isbelle

David Neville

Jim Raughton

Rosemarie Venezia

Susan Wood-Ellis

The following voted:

NAYES:

None

The motion was declared carried and the Resolution adopted.

Item #3 – CSURA Continuing Disclosure Statement – Carrie Bartow

Chairman Neville stated that in the future when there is a Continuing Disclosure Statement ready for review consideration will be made for having a meeting whether there is other official business to consider or not. The second quarter statement was distributed electronically because the July CSURA meeting had been rescheduled to August. Authority members reviewed the document.

There being no further discussion Commissioner Raughton presented the following resolution:

RESOLUTION NO. 1795

A RESOLUTION APPROVING THE SECOND 2013 QUARTER CONTINUING DISCLOSURE REPORT AS PRESENTED

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

The Continuing Disclosure Report of the Colorado Springs Urban Renewal Authority for the period ending June 30, 2013 is hereby approved.

Motion was made by Commissioner Raughton, seconded by Commissioner Isbell that Resolution #1795 be adopted.

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

AYES:

Merv Bennett

Tiffany Colvert

David Isbell

David Neville

Jim Raughton

Rosemarie Venezia

Susan Wood-Ellis

The following voted:

NAYES:

None

The motion was declared carried and the Resolution adopted.

Item #4 – Gold Hill Mesa Contemporary Style - Design Standards Amendment - Bob Willard

Mr. Willard was not present when this item was discussed. Information with examples of the newly proposed Contemporary Style had been distributed to Authority members prior to the meeting. Authority members felt the design was acceptable. Commissioner Wood-Ellis requested an update on the commercial development within the project in the near future.

There being no further discussion Commissioner Shonkwiler presented the following resolution:

RESOLUTION NO. 1796

A RESOLUTION APPROVING THE DESIGN GUIDELINE AMENDMENT TO INCLUDE THE CONTEMPORARY RESIDENTIAL STYLE DESIGN IN THE GOLD HILL MESA URBAN RENEWAL AREA

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

The Contemporary residential design for the Gold Hill Mesa Urban Renewal Area is hereby approved.

Motion was made by Commissioner Shonkwiler, seconded by Commissioner Colvert that Resolution #1796 be adopted.

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

AYES:

Merv Bennett

Tiffany Colvert

David Neville

Jim Raughton

Rosemarie Venezia

Susan Wood-Ellis

The following voted:

NAYES:

None

Commissioner David Isbell abstained.

The motion was declared carried and the Resolution adopted.

Commissioner Venezia excused herself from the meeting at 12:45 p.m.

The motion was declared carried and the Resolution adopted.

Item #5 – Council Member Meetings – David Neville, Tiffany Colvert, Jim Rees

Meetings were set up with one or more City Council Members along with at least one CSURA member and Executive Director Jim Rees. The primary reason for the meetings was to discuss the purpose and benefit of Urban Renewal. Questions from City Council Members were clarified and an update on active projects was given. Chairman Neville stated that they received positive feedback from Council Members and felt the effort was definitely worthwhile. Also discussed was the upcoming issue of a tax sharing agreement with the Copper Ridge URA developer and the City. There is definite support for the project going forward; however, agreements still need to be worked out. Areas of South Academy Boulevard and continuing redevelopment of North Nevada Avenue are being considered by the City Administration as possible future urban renewal projects.

Item #6 – Copper Ridge Redevelopment Agreement – Jim Rees

It has become apparent that CSURA needs to take the initiative to get the Cooperation Agreement on the City Council agenda for consideration. Chairman Neville gave a summary of the last discussion concerning the Copper Ridge Redevelopment Agreement. Jim Rees stated that one of the concerns by the developer is that without a signed agreement they have no access to the TIF funding and mill levy dollars that are generated from within the metro district. Shonkwiler clarified the fact that there is a proposed additional 1% tax added within the metro district in addition to the sales tax already in place. He also shared his concerns about the proposed intersection design concerning traffic flow as well as the possibility of sales tax being funneled from nearby retail centers. Bob Cope shared that the US Air Force Academy wanted some changes to the interchange design with one lane being built underground which is an additional cost to the project.

Jim Rees reported that the Cooperation Agreement is currently being reviewed by the City Attorney’s office. It is hopeful that it will be in place prior to the developer making their presentation to City Council. The proposed resolution shows that there needs to be a cooperation agreement in place before the Redevelopment Agreement is valid and can be implemented. Bass Pro Shop plans to open in October or November, therefore creating a rush to get the Cooperation Agreement to City Council for consideration so that the current sales tax TIF will be used to set the base for the project. Commissioner Bennett suggested that the documents go to City Council on September 23rd even if not in final format. In doing so there will be additional time available to handle any issues that might arise.

Detailed discussion concerning TIF revenues for building Powers Boulevard versus the TIF dollars generated within the metro district that can be used for the retail development infrastructure occurred. Additional discussion about submitting a resolution to City Council approving 1.5% sales tax TIF for the project in place of the Agreements. There was discussion about whether the PIF is before or after sales tax TIF in the PIF Agreement. Jim Rees will look into this issue.

There being no further discussion Commissioner Venezia presented the following resolution:

RESOLUTION NO. 1797

A RESOLUTION RECOMMENDING APPROVAL TO CITY COUNCIL FOR 1.5% SALES TAX TIF INCREMENT FOR THE COPPER RIDGE AT NORTHGATE URBAN REWAL AREA BY WAY OF A RESOLUTION

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

A resolution approving 1.5% Sales Tax TIF for Copper Ridge at Northgate be submitted to City Council is hereby approved.

Motion was made by Commissioner Venezia, seconded by Commissioner Wood-Ellis that Resolution #1797 be adopted.

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

AYES

Merv Bennett

David Isbell

Rosemarie Venezia

Susan Wood-Ellis

The following voted:

NAYES:

Tiffany Colvert

Jim Raughton

Robert Shonkwiler

Commissioner David Neville recused himself from the vote.

The motion was declared carried and the Resolution adopted.

Item #7 – North Nevada Design Guideline Changes – Jim Rees

Jim Rees shared the process followed for the North Nevada Design Guideline document that has now been reviewed by City Planner Steve Tuck. There are 14 recommendations for proposed changes to the document. There have been numerous drafts of the document submitted for review and input prior to the final document being submitted to City Panning. Commissioner Raughton asked why this document is now being brought back for additional review. Mr. Tuck explained that he had reviewed the document in part but did not do final review until the completed document was submitted to City Planning along with payment for review. Commissioners expressed their strong displeasure in having to review the document yet again after it had been approved at a previous meeting. There was also disbelief that City Planning would require a fee from Urban Renewal for the review of this document.

The two basic areas of concern are process and in which areas the standards will be used. Mr. Tuck reminded the commissioners that he made recommendations and that CSURA had the option to abide by his recommendations or take the matter up with the City Planning Commission at the scheduled hearing. Authority members reviewed the recommendations made by City Planning; an extensive discussion occurred concerning the enforcement of the Authority’s review of any redevelopment within the North Nevada Urban Renewal area. Commissioner Isbell suggested a disclaimer be added to the document that states CSURA can be more restrictive but not less than City Code when reviewing a development plan within the North Nevada URA. Commissioner Isbell will write a draft disclaimer that will be reviewed by Authority members at the September meeting.

Item #8 – Liability Insurance Coverage - David Neville, Mary-K. Burnett

Chairman Neville reported that he and staff had met with a representative from CB Insurance to discuss the liability coverage needs of the Authority. Chairman Neville has also been in contact with a representative from Six and Givings for input on needed coverage. Mary-K. Burnett shared quotes for the current $1M coverage and $3M coverage. Commissioner Shonkwiler requested quotes and coverage details for $5M as well. Ms. Burnett will continue to follow-up with additional information.

Item #9 – Project Status – Second Quarter Report

Jim Rees stated that the second quarter project report was in the meeting packets and asked if there were any questions he could answer. The information in the report was adequate for the Commissioners and no questions were asked.

Item #10 – Other Matters

There were no other matters to discuss at this time.

Item #11 - Adjournment

There being no further business to come before the Commissioners, motion was made by Commissioner Colvert, seconded by Commissioner Wood-Ellis to adjourn the meeting. Upon unanimous vote, the meeting was declared adjourned at 1:02 p.m.

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