csuralogov2
MEETING

SEPTEMBER 25, 2013

AGENDA

Date:

August 18, 2013

To:

Commissioners of the Urban Renewal Authority

From:

David Neville, Chair

Subject:

Regular Meeting, September 25, 11:00 a.m.

City Hall – Pikes Peak Room

107 N. Nevada Ave., Second Floor

Colorado Springs, Colorado 80903

Agenda:

1.

Approval of August 28, 2013 CSURA meeting minutes

2.

Approval of Financial Report as of August 31, 2013

3.

Liability Insurance Coverage – Mary-K Burnett, Todd Morris

4.

Copper Ridge Redevelopment Agreement – Jim Rees

5.

SW Downtown Redevelopment Project – Chuck Murphy

6.

Other Matters

7.

Adjournment

MINUTES OF THE REGULAR MEETING OF THE

URBAN RENEWAL AUTHORITY

OF THE CITY OF COLORADO SPRINGS

HELD ON WEDNESDAY SEPTEMBER 25, 2013

On the 25th day of September, 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

David Isbelle

David Neville

Wynne Palermo

Jim Raughton

Robert Shonkwiler

Rosemarie Venezia

Susan Wood-Ellis

ABSENT:

Tiffany Colvert

Also in attendance:

Bob Cope

City Economic Vitality

Peter Wysocki

City Planning

Mike Hassell

Citizen, SW Property Owner

Alex Brown

Alex Brown Consulting

Gary Erickson

Copper Ridge Northgate

Chuck Murphy

SW Downtown Developer

Anne Ricker

Ricker Cunningham Consulting

Tim Seibert

NES Inc.

Todd Morris

CB Insurance

Ryan Tefertiller

City Land Development Review

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

Chairman Neville noted that he had recused himself from Item 7 and not Item 6 as the minutes showed. Motion was made by Commissioner Raughton, seconded by Commissioner Bennett that the Minutes of the Regular meeting, held on August 28, 2013 be adopted as corrected. The motion carried.

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

Ms. Carrie Bartow, CliftonLarsonAllen CPA, reviewed the monthly revenue and expenditures report as of August 31, 2013 including the property tax received from each Urban Renewal Area along with the most recent sales tax numbers on North Nevada, up almost 16% from this time last year. Mary-K. Burnett reviewed the check register. She stated that she had requested that the Colotrust account be closed and the balance transferred to the general fund account.

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

RESOLUTION NO. 1798

A RESOLUTION APPROVING THE INCOME AND EXPENDITURES OF THE CSURA FOR THE PERIOD ENDING AUGUST 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 August 31, 2013 are hereby approved.

Motion was made by Commissioner Wood-Ellis, seconded by Commissioner Palermo, that Resolution #1798 be adopted.

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

AYES:

Merv Bennett

David Isbelle

David Neville

Wynne Palermo

Jim Raughton

Robert Shonkwiler

Rosemarie Venezia

Susan Wood-Ellis

The following voted:

NAYES:

None

The motion was declared carried and the Resolution adopted.

Item #3 – Liability Insurance Coverage – Mary-K. Burnett, Todd Morris

Mr. Todd Morris, CB Insurance, explained the coverage he is proposing for CSURA.The policy includes general liability for contract employees, professional liability for Authority members and directors and officers coverage along with errors and omissions. CSURA’s history has been without any claim however the potential is there stated Mr. Morris. The quote covered both $1M and $2M in coverage. He explained that none of his sources would increase coverage to $5M. Mr. Morris answered questions from Authority members and explained that if the proposed policy was approved that coverage would begin today on September 25, 2013. The cost of increased policy coverage was discussed. The decision to increase coverage to $2M was agreed upon by Authority members.

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

RESOLUTION NO. 1799

A RESOLUTION APPROVING LIABILITY INSURANCE COVERAGE IN THE AMOUNT OF $2 MILLION WITH A $10,000 DEDUCTIBLE PAID BY CSURA AS PRESENTED BY CB INSURANCE

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

A new liability insurance policy in the amount of $2 million, brokered through CB Insurance, is hereby approved.

Motion was made by Commissioner Raughton, seconded by Commissioner Shonkwiler, that Resolution #1799 be adopted.

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

AYES:

Merv Bennett

David Isbell

David Neville

Wynne Palermo

Jim Raughton

Robert Shonkwiler

Rosemarie Venezia

Susan Wood-Ellis

The following voted:

NAYES:

None

The motion was declared carried and the Resolution adopted.

Item #4 – Copper Ridge Redevelopment Agreement – Jim Rees

Chairman Neville reported that many people had put additional work into the agreement since it was considered by Authority members last month. He then reviewed decisions made last month to approve 1.5% sales tax but explained that due to unpredicted events the current amended agreement stated a 1% sales tax increment. He stated that will not be enough to get the project started and now other options for funding are being looked into. The Agreement is at a point of being considered for approval by Authority members. He then opened the floor to any comments or questions. Alex Brown, Alex Brown Consulting, distributed information and statistics about the project. He stated there were three key terms explained in the handout: Project, Improvements and Local Infrastructure. He stated that CDOT did not feel that there was enough proposed use at the present time to build the I-25 southbound ramp from Powers Boulevard.

Mr. Brown then explained that they are targeting 2016 for a bond issue. Mr. Brown reviewed the list of proposed new retailers being introduced into the Colorado Springs’ area with the Copper Ridge project. Commissioner Shonkwiler expressed the need to protect CSURA against issuing project bonds as is written into the Vineyard Redevelopment Agreement. It was explained that CSURA is not required to issue bonds; that would be the responsibility of the Copper Ridge metro district. There is language in the Redevelopment Agreement stating that if the project does not come out of the ground the funding collected would be disbursed as was initially intended. Commissioner Raughton asked if there were additional funding sources other than CDOTas possibilities to cover the additional funding for the interchange; Mr. Brown listed federal funds, tiger funds, the RAMP Program, State Sales Tax Highway Project, RTA funds along with others. He further stated that there is no consideration being given to asking the City for additional funding beyond the 1% sales tax generated within the project area. Commissioner Shonkwiler shared information he obtained from a representative from City Engineering and a member of the CDOT committee that supported the fact that CDOT funding may not be available in a timely manner to build the Powers/I-25 Interchange. Commissioner Palermo stated that this urban renewal project is about a road that CSURA really has no control over; however her attitude is that there will never be progress if we don’t start somewhere and that the approval of the Redevelopment Agreement is the somewhere. Commissioner Bennett stated that there may be many questions concerning the original intent of requesting 1.5% of the sales tax generated for the purpose of building the Powers Boulevard extension. He felt that asking City Council to approve something that is not enough to complete the project may be of real concern. Providing additional knowledge and expertise to Council Members will be needed and could result in being problematic. He warned that funding from PPRTA may not be available due to current needs. Mr. Gary Erickson, project developer, shared the 5 year history with CDOT concerning the I-25/Powers Boulevard interchange; explaining that they have designed the project as they had been instructed by CDOT. Commissioner Bennett stated there were two issues; one is that the current City Council would probably not have approved the project to begin with. The second issue is that 1% won’t generate enough funding to complete the project which will raise additional questions from City Council members as well.

Jim Rees shared the calendar of events for getting the Cooperation Agreement to City Council. Due to the limited timeframe there may be a need to reschedule the October CSURA meeting.

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

RESOLUTION NO. 1800

A RESOLUTION APPROVING THE COPPER RIDGE AT NORTHGATE REDEVELOPMENT AGREEMENT

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

The Redevelopment Agreement between CSURA and Copper Ridge at Northgate is hereby approved.

Motion was made by Commissioner Palermo, seconded by Commissioner Venezia, that Resolution #1800 be adopted.

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

AYES:

Merv Bennett

David Isbelle

David Neville

Wynne Palermo

Rosemarie Venezia

Susan Wood-Ellis

The following voted:

NAYES:

Jim Raughton

Robert Shonkwiler

The motion was declared carried and the Resolution adopted.

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

Item #5 – SW Downtown Redevelopment Project – Chuck Murphy

Chairman Neville shared that Chuck Murphy is requesting to redistrict the SW Downtown URA. Mr. Tim Seibert, NES, Inc, was introduced. Mr. Seibert stated that this proposal is specifically for the northern section of the current SW Downtown URA. He noted on a map the specific boundaries of the new district area. He then explained that the original proposal was for an arts district which is just not feasible in today’s market. The new plan is for 120 residential units, in three buildings with parking underneath and a total of four stories. An open space area that may include a kinetic sculpture garden on the northern most end of the project site is also being considered. All units will face the mountains to the west. This new development is currently being called the Railway Lofts. Young professionals and empty nesters will be targeted for marketing purposes. There will be a pedestrian connection from the Colorado Avenue bridge to a restaurant site with a possible rooftop terrace and parking under the Colorado bridge and to the rear of the property along the railroad tracks. Mr. Seibert shared a map showing ownership of the properties within the project area. He pointed out the proposed site for each building. The current plan includes developing on the one outstanding private parcel owned by Mr. Knowles. The developer is currently working with the Mr. Knowles. Mr. Murphy has offered to purchase the property, exchange the property for another site and is still willing to negotiate further with Mr. Knowles. Commissioner Shonkwiler asked if the developer was requesting the use if eminent domain. Commissioner Shonkwiler further stated that his preference would be to have all the financing, the acquisition of all the property and all approvals in place before considering Railway Lofts project.

Commissioner Raughton excused himself from the meeting at 12:50 p.m.

Anne Ricker, Ricker-Cunningham, shared the process for restarting the Urban Renewal 25 year clock. The process includes a new conditions study, a new urban renewal plan with project description and then an impact report which is submitted to El Paso County. There is also the option to supply an impact study to all taxing entities. The last step is a final public meeting that includes property owners and residents. The Plan is then considered for approval by CSURA, City Plannning Commission and ultimately City Council for approval. She further noted that the process usually works best if all parties involved (CSURA and developer) worked hand in hand with one another. That way there is not a huge investment on the behalf of the developer if the project does not become a reality.

Authority members agreed to begin the process for the conditions study and the UR Plan on the new boundary area once a contract is in place if Mr. Murphy agrees to pay for both. However, there are still details to be worked out beforehand as to whether the Downtown Review Board would be within the process. Ms. Ricker stated that she would be contracting with CSURA for this project.

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

RESOLUTION NO. 1801

A RESOLUTION AUTHORIZING A NEW CONDITIONS STUDY AND AMENDMENT TO THE SOUTHWEST DOWNTOWN URBAN RENEWAL PLAN PAID FOR BY CHARLES MURPHY, PROJECT DEVELOPER

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

A new conditions study and amendment to the Southwest Downtown Urban Renewal Plan is hereby approved.

Motion was made by Commissioner Bennett, seconded by Commissioner Palermo, that Resolution #1801 be adopted.

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

AYES

Merv Bennett

David Isbell

David Neville

Wynne Palermo

Robert Shonkwiler

Susan Wood-Ellis

The following voted:

NAYES:

None

The motion was declared carried and the Resolution adopted.

Commissioner Shonkwiler then presented the following resolution:

RESOLUTION NO. 1802

A RESOLUTION WAIVING THE CUSTOMARY FEES FOR THE CONDITIONS STUDY AND URBAN RENEWAL PLAN AMENDMENT FOR THE RAILWAY LOFTS PROJECT BY CHARLES MURPHY, PROJECT DEVELOPER

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

A resolution waiving the customary fees for a new conditions study and amendment to the Southwest Downtown Urban Renewal Plan is hereby approved.

Motion was made by Commissioner Shonkwiler, seconded by Commissioner Isbell, that Resolution #1802 be adopted.

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

AYES

Merv Bennett

David Isbell

David Neville

Wynne Palermo

Robert Shonkwiler

Susan Wood-Ellis

The following voted:

NAYS

None

The motion was declared carried and the Resolution adopted.

Item #6 – Other Matters

Due to the schedule for presenting the Copper Ridge Tax Sharing Agreement to City Council it was agreed to reschedule the October meeting to Friday, October 18th at 11 a.m. A confirmation notice will be emailed out as soon as a conference room has been reserved.

Item #7 – Adjournment

There being no further business to come before the Commissioners, motion was made by Commissioner Wood-Ellis, seconded by Commissioner Isbell to adjourn the meeting. Upon unanimous vote, the meeting was declared adjourned at 1:14 p.m.

item4a2
Search
Nevadaafter1
Nevadaafter

 2017 Meetings

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