csuralogov2
MEETING

FEBRUARY 27, 2013

AGENDA

Date:

February 21, 2012

To:

Commissioners of the Urban Renewal Authority

From:

Susan K. Wood-Ellis, Chair

Subject:

Regular Meeting, February 27, 11:00 a.m.

City Hall – Pikes Peak Room

107 N. Nevada Ave., Second Floor

Colorado Springs, Colorado 80903

Agenda:

1.

Approval of January 23, 2013 CSURA meeting minutes

2.

Approval of Financial Report as of January 31, 2013

3.

Budget Amendments – Carrie Bartow

4.

CityGate Update – Steve Engel

5.

CSURA Election of Officers and Sunshine Law

6.

Ivywild Redevelopment Agreement Amendment

7.

CSURA/City Office Space Lease

8.

Other Matters

9.

Adjournment

MINUTES OF THE REGULAR MEETING OF THE

URBAN RENEWAL AUTHORITY

OF THE CITY OF COLORADO SPRINGS

HELD ON WEDNESDAY FEBRUARY 27, 2013

On the 27th day of February, 2013 at 11:00 a.m., the Commissioners of the 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:

Michael Collins

David Neville

Wynne Palermo

Robert Shonkwiler

Rosemarie Venezia

Susan Wood-Ellis

ABSENT:

Scott Hente

Judy Noyes

Jim Raughton

Also in attendance:

Steve Engel

Griffs-Blessing

Ryan Terfertiller

City Land Development Review

Carrie Bartow

CliftonLarsonAllen, CPA

John Peters

Citizen

Mary-K. Burnett

CSURA Staff

Jim Rees

CSURA Staff

Chairman Wood-Ellis called the meeting to order at 11:09 a.m.

Item #1 – Approval of Minutes

Motion was made by Commissioner Collins, seconded by Commissioner Neville that the Minutes of the Regular meeting, held on January 23,2013 be adopted as written. The motion carried.

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

Ms. Carrie Bartow, CliftonLarsonAllen CPA, presented the income and expenditure financial statement for January 2013 as well as the revised December 2012 financials that included TIF for the full year. She reported that the North Nevada project is just short of16% up when compared to 2011 sales tax TIF for the year. She then reviewed the January general fund revenue and expenditures along with TIF income. She stated that we are waiting to see if there will be any additional 2012 TIF for Ivywild reported beyond approximately $11,000 property tax TIF for 2012 due to school being sold to a private entity.

Mr. Jim Rees reported that there are several new businesses open in the University Village of Colorado retail center including Il Vicino, Bonefish and Hacienda Restaurant which will be opening this coming Monday. He encouraged all to support the newly opened businesses.

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

RESOLUTION NO. 1777

A RESOLUTION APPROVING THE INCOME AND EXPENDITURES OF THE CSURA FOR THE PERIOD ENDING JANUARY 31, 2013 AND AMENDED FINANCIAL REPORT FOR DECEMBER 2012

BE IT RESOLVED BY THE COMMISSIONERS OF THE 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 January 31, 2013 and amended financial statement for December 2012 are hereby approved.

Motion was made by Commissioner Collins, seconded by Commissioner Palermo that Resolution #1777 be adopted.

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

AYES:

Michael Collins

David Neville

Wynne Palermo

Robert Shonkwiler

Rosemarie Venezia

Susan Wood-Ellis

The following voted:

NAYES:

None

The motion was declared carried and the Resolution adopted.

Item #3 – Budget Amendments – Carrie Bartow, CliftonLarsonAllen, CPA

Ms. Bartow presented six 2012 CSURA Budget Amendments. See attached supporting documentation for details. Ms. Bartow explained that budget amendments are required by Colorado State Statutes. The amendments for Gold Hill Mesa URA, City Auditorium URA, CityGate URA and Ivywild URA are due to increases in TIF revenues. The original budgeted numbers were based on estimates from the El Paso County Assessor’s Office. The budget amendment for the General Fund was due to unexpected expenses that came about during the 2012 budget year.

Commissioner Palermo presented the following resolution:

RESOLUTION NO. 1778

A RESOLUTION APPROVING SIX 2012 CSURA BUDGET AMENDMENTS AS PRESENTED TO AUTHORITY MEMBERS IN THE CAPITAL PROJECT FUNDS FOR CITY AUDITORIUM URA, CITYGATE URA, GOLD HILL MESA URA, IVYWILD URA AND NORTH NEVADA URA AS WELL AS THE STATEMENT OF REVENUESEXPENDITURES AND CHANGES IN THE FUND BALANCE FORTHE GENERAL FUND FOR YEAR ENDING DECEMBER 31, 2012

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

Six budget amendments for year ending December 31, 2012 are hereby approved. See attached documentation for each budget amendment.

Motion was made by Commissioner Palermo, seconded by Commissioner Venezia that Resolution #1778 be adopted.

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

AYES:

Michael Collins

David Neville

Wynne Palermo

Rosemarie Venezia

Susan Wood-Ellis

The following voted:

NAYES:

Robert Shonkwiler

The motion was declared carried and the Resolution adopted.

Item #4 - CityGate Update – Steve Engle

Mr. Steve Engle began with a big picture update, summarizing the background of the CityGate URA. It was established in 2007 and then the financial market went down. The Joy Manufacturing buildings were demolished and the site was cleaned up. At some point there may be a request to “restart” the 25 year Urban Renewal clock. The market is looking a little more positive. There is some interest in the site that may turn out to be beneficial to the project. The deal is in preliminary stages and includes the possible expansion of the nearby ACORN plant that may trigger an agreement for a parking lot and the possibility for additional storage tanks within the CityGate site. However, that type of use is not concurrent with the approved URA Plan which may require consideration for an amendment to the Plan.

Mr. Engle stated that in the last nine months a different dialogue has occurred with retailers. The proposed interchange of Hwy 24 and I-25 would offer much easier access into the district. This changes the dynamics of future redevelopment for density and possible residential opportunities. The second thing driving the retail interest is the possibility of downtown renaissance with consideration for a downtown ballpark, Olympic Museum and other possibilities for the future of the area.

Commissioner Shonkwiler stated that with the history of the area there should be some consideration to dissolve the district. Mr. Engle stated that could be a reasonable answer. Shonkwiler suggested that Mr. Engle give the idea some serious thought. Mr. Engle state the Montgomery Center and the clients served there gives a negative perception for investment in the area. If the Urban Renewal status was dissolved for the site it will then be folded into the Downtown Development Authority, which may complicate future consideration of a new URA district.

Chairperson Wood-Ellis stated that in the past City Council has stated that there is a benefit to URA designation. Mr. Engle agreed there are benefits but they would be better realized when there is an imminent deal happening. There is potential for urban development if some of the proposed happenings for downtown are implemented; however there should be consideration for agreements between the DDA, URA and other parties so that complications don’t occur in the future.

Item #5 – Election of Officers

Chairperson Wood-Ellis nominated Commissioner Neville for the chair position. Commissioner Palermo seconded the nomination and Commissioner Neville accepted the nomination. Commissioner

Shonkwiler requested that the elections be postponed until April when new board members are in place. Chairperson Wood-Ellis stated that there is always change within the makeup of Authority members and Commissioner Palermo stated that new board members don’t have a sense of the projects or Authority members’ participation on the Board. Commissioner Venezia supported Commissioner Wood-Ellis’s statement and encouraged that the elections continue. Commissioner Neville stated that whether he is elected or not the current by-laws state that elections occur in February of each year and he felt that the by-laws should be followed. Wynne stated that perhaps the by-laws should be reviewed in the future.

There being no further discussion Commissioner Venezia presented:

RESOLUTION NO. 1779

A RESOLUTION APPROVING COMMISSIONER NEVILLE AS THE NEXT CHAIR FOR CSURA WITH A TERM ENDING ON THE LAST DAY OF FEBRUARY 2014

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

A resolution approving Commissioner Neville as CSURA Chair through the end of February 2014 is hereby approved.

Motion was made by Commissioner Venezia, seconded by Commissioner Palermo, that Resolution #1779 be adopted.

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

AYES:

Michael Collins

David Neville

Wynne Palermo

Robert Shonkwiler

Rosemarie Venezia

Susan Wood-Ellis

NAYES:

none

The motion was declared carried and the Resolution adopted.

Commissioner Shonkwiler then nominated Commissioner Palermo for Vice Chair. Commissioner Palermo was hesitant to accept the nomination but finally did. Chairperson Wood-Ellis nominated Commission Venezia for Vice Chair, however she acquiesced to Commissioner Palermo’s nomination for the position. Commissioner Neville seconded the nomination of Commissioner Palermo to the Vice Chair position.

There being no further discussion Commissioner Shonkwiler presented:

RESOLUTION NO. 1780

A RESOLUTION APPROVING COMMISSIONER PALERMO AS THE NEXT VICE CHAIR FOR CSURA WITH A TERM ENDING ON THE LAST DAY OF FEBRUARY 2014

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

A resolution approving Commissioner Palermo as CSURA Vice Chair through the end of February 2014 is hereby approved.

Motion was made by Commissioner Shonkwiler, seconded by Commissioner Neville, that Resolution #1780 be adopted.

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

AYES:

Michael Collins

David Neville

Wynne Palermo

Robert Shonkwiler

Rosemarie Venezia

Susan Wood-Ellis

NAYES:

none

The motion was declared carried and the Resolution adopted.

Jim Rees interjected that CSURA staff attempts to meet with Chair and Vice Chair about a week prior to meetings to review proposed agenda for the next meeting.

Item #6 - Ivywild Redevelopment Agreement Amendment: Jim Rees explained that the original contract stated that the Phase 1 of the project was to be completed by the end of January. The project developers are requesting to extend the completion date to the end of April 2013.

There being no further discussion Commissioner Collins presented the following:

RESOLUTION NO. 1781

A RESOLUTION ADOPTING THE IVYWILD REDEVELOPMENT AGREEMENT AMENDMENT TO EXTEND THE COMPLETION DATE FOR PHASE 1 FROM JANUARY 2013 TO THE END OF APRIL 2013

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

A resolution adopting an amendment to the Ivywild Redevelopment Agreement moving the completion date from January 2013 to April 2013 is approved.

Motion was made by Commissioner Collins, seconded by Commissioner Neville, that Resolution #1781 be adopted.

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

AYES:

Michael Collins

David Neville

Wynne Palermo

Robert Shonkwiler

Rosemarie Venezia

Susan Wood-Ellis

NAYES:

none

The motion was declared carried and the Resolution adopted.

Item #7 – CSURA/City Office Space Lease

Jim Rees presented the latest version of the office space lease between the City and CSURA. Commissioner Neville pointed out three sections where there seemed to be contradictions. After a short discussion Commissioner Shonkwiler moved to approve the office lease with changes to sections 1.2, 4.3 and 5.6.

Item # 8 - Other Matters:

Discussion occurred concerning the Knowles property in the Southwest Downtown URA in reference of receiving Mr. Knowles response to the letter sent to him from CSURA concerning the purchase of his property. Commissioner Shonkwiler stated that Mr. Murphy has the option to build around the Knowles property or negotiate at a level that will interest Mr. Knowles to sell.

Further discussion occurred about the possibility of amending the Southwest Downtown URA or changing the boundaries and separating out property for another URA.

Commissioner Palermo asked for an update on Copper Ridge. Jim Rees stated that the agreement is close to being completed but one major component is still outstanding. The City has not yet completed the sales tax agreement with the developer and it is unknown when that will happen.

Mr. Rees further reported that last night there was a public meeting concerning the update of the NN Master Plan and design guidelines. The meeting was well attended and positive feedback was shared.

The proposed apartment complex in the North Nevada has been put on hold. The developer is waiting on a stronger economic environment.

Review of next month’s meeting date will be reviewed due to spring break scheduling.

Item #9 - Adjournment

There being no further business to come before the Commissioners, motion was made by Commissioner Collins, seconded by Commissioner Venezia to adjourn the meeting. Upon unanimous vote, the meeting was declared adjourned at 12:45 p.m.

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