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Home My WebLink About11/15/2005AGENDA WHEAT RIDGE URBAN RENEWAL AUTHORITY November 15, 2005 Notice is hereby given of a Public Meeting to be held before the City of Wheat Ridge Urban Renewal Authority on Tuesday, November 15, 2005, at 5:30 p.m., in the City Council Chambers of the Municipal Building at 7500 West 29th Avenue, Wheat Ridge, Colorado. 1. Call the Meeting to Order 2. Roll Call of Members 3. Approval of Minutes - October 18, 2005 4. Public Forum (This is the time for any person to speak on any subject not appearing on the agenda. Public comments may be limited to 3 minutes.) 5. Public Hearing A. Resolution 02-2005 - Approving and Enacring a Budget for 2006 6. Executive Session under C.R.S. Section 24-6-402(4)(b) for the purpose of receiving legal advice regarding specific legal questions regarding the terminated 38'h Avenue and Sheridan Boulevard redevelopment project. MINUTES OF WHEAT RIDGE URBAN RENEWAL AUTHORITY October 18, 2005 5:30 p.m. i. CALL THE MEETING TO ORDER The meeting of the Wheat Ridge Urban Renewal Authority was called to order by Chair Williams at 6:12 p.m. in the council chambers of the Municipal Building, 7500 West 29th Avenue, Wheat Ridge, Colorado. 2. ROLL CALL OF MEMBERS Authority members present Janet Leo Ralph Mancinelli Terrell Williams Authority members absent: Pete Ziemke Also attending: Alan White, WRLJRA Executive Director Ann Lazzeri, Recording Secretary Chazles Durbin 3. APPROVAL OF MINUTES It was moved by Ralph Mancinelli and seconded by Janet Leo to approve the minutes of September 6, 2005 as presented. The motion passed unanimously. 4. PUBLIC FORUM - Charles Durbin 3703 Ames Street Mr. Durbin asked for an update on legal proceedings with Cornerstone. Alan White explained that Comerstone filed a motion of contempt. A response was made to that motion. A heazing is scheduled for November 10, 2005 to respond to their allegation of contempt. Since the judge's last order, the Authority has been prohibited from spending any funds. 5. NEW BUSINESS A. Review of Land Use Case - SUP-05-09 Alan White presented this agenda item. This matter was brought before WRURA about a yeaz ago and is being heazd again because of changes to the original plan. A car wash is proposed to be built in the Wadsworth Boulevard Corridor 10-18-05 Redevelopment and the Urban Renewal Areas at 4470 Wadsworth. City Code requires that car wash businesses go through the special use process. Code also requires a review by WRURA of any land use applications in an urban renewal azea in order to determine if the use meets provisions of the urban renewal plan. WRURA is not required to make a recommendation as to whether or not the special use should be approved. Ra1ph Mancinelli stated that he understood the role of WRURA in this matter was to simply determine whether or not the proposed development meets the criteria of the Urban Renewal Plan. While the proposal does not really fit with the Wadsworth Corridar Plan, WRURA doesn't have authority to take that into consideration. He commented that Planning Commission and City Council have authority to consider other aspects of the development. Alan White stated that the Wadsworth Corridor Plan is mentioned in the Urban Renewal Plan and findings could probabiy be made relating to the Wadsworth Corridor Plan. The Authority discussed the fact that there are many uses which could not be developed on this property due to its location. It was moved by Ralph Mancinelli and seconded by Janet Leo that the Authority finds the proposed car wash at 4470 Wadsworth fits the criteria for the urban renewal area. The motion passed unanimously. 6. OTHER BUSINESS Terrell Williams stated that if he is elected to City Council, he should no longer serve as Chair of the Urban Renewal Authority. 6. ADJOURNMENT It was moved by Ralph Mancinelli and seconded by Janet Leo to adjourn the meeting at 6:30 p.m. Terrell Williams, Chair Ann Lazzeri, Secretary 10-18-OS Wheat Ridge Urban Renewal Au-thority 7500 W.29th Avenue WheatRidge, Colorado 80033 303295-2846 3032952857 (Fax) TO: Urban Renewal Authority Board Members FROM: Alan White, Executive Director v ~W RE: 2006 Budget DATE: November 7, 2004 Attached is a resolution adopting a budget for 2006. Until the lawsuit with Cornerstone is settled, and assuming the judge's order allows us to pay only operating expenses, the 2006 Budget reflects no contributions to any urban renewal projects. $200,000 is transferred from the Town Center Fund to the Walgreens Project Fund as required by the judge's order. The major expenditures, all out of the Town Center Fund, are for legal representa6on, reimbursement to the City, and payment to the Fire District. Funds are budgeted for a settlement with the former owners of the Kitchen Masters property. The fund balances at the end of 2005 aze estimated to be $355,002 in the Town Center Fund and $239,012 in the VJalgreens Project Fund. Revenue is projected at $270,000 for the property tas increment and $100,000 of the sales tax increment, both generated from the Town Center azea. \lsrv-ci-eng-002\usus$\awLiteW1 Fi1es\URA\Budgefl2006 budget memo.dw WHEAT RIDGE URBAN RENEWAL AUTHORITY RESOLUTION NO. Series of 2005 TITLE: A RESOLUTION ENACTING A BUDGET AND APPROPRIATION FOR THE YEAR 2006. WHEREAS, C.R.S. 29-1-103 (1) of the I.ocai Govemment Budget Law of Colorado requires certain local governmental enYities to prepaze and adopt an annual budget; and WFIEREAS, the Attorney for the Authority has opined that the provisions of the Budget Law do apply to the Authority; and WHEREAS, nouce of adoption of the 2006 budget and appropriation was given by the Urban Renewal Authority in compliance with C.R.S. 29-1-106; and WHEREAS, in compliance with the provisions of the Budget Law regazding notice, objecrions, and hearing, a public hearing was held on the Budget and Appropriation for 2006 by the Authority on November 10, 2005. THEREFORE, BE IT RESOLVED by the Wheat Ridge Urban Renewal Authority as follows: Section 1. The year 2006 budgets for the two funds as shown on Earhibit 1 and Exlubit 2 attached hereto aze hereby approved. The puipose of the 2006 budget is to make funds available for normal operating expenses and to appropriate funds for defense of the Authority in legal actions against the Authority. Sources of funds for the Authority are property tax increment and sales tas increment generated by the urban renewai area. Secrion 2. Total expenditures of the Authority do not exceed available revenues and beginning fund balance. Section 3. A certified copy of this resolution shall be filed with the Divisibn of Local ADOPTED the 15th day of November , 2005. WHEAT RIDGE iTRBAN RENEWAL AiI'TIIORITY Chair ATTEST: Secretary to the Authority \lsrv-ci-eng-002\users$lawhiWAll Files\URA\Budget\2006 budget res.doc ~ EXHIBIT 1 WHEAT RIDGE URBAN RENEWAL AUTHORITY Town Center Fund Actual 2004 2005 Estimated 2006 Proposed BEGINNING FUND BALANCE $ 176,244 $ 223,102 $ 355,002 Revenues 37-500-00-501 Property Tax Increment $ 250,848 $ 275,000 $ 270,000 37-500-00-504 Sales Tax Increment $ 40,322 $ 200,000 $ 100,000 37-580-00-581 Interest $ 2,508 $ 3,500 $ 3,500 Transferfrom Walgreens Project Fund $ - $ - TOTAL REVENUE $ 293,678 $ 478,500 $ 373,500 Personnel 37-1E0-600-602 Salaries $ - $ - $ ' 37-120-600-625 FICA $ - $ - $ ' Total Personnel $ - $ - $ - Supplies 37-120-650-651 Office Supplies $ 15 $ 200 $ 200 37-120-650-654 Printing & Photocopying $ 303 $ 800 $ 800 37-120-650-655 Postage $ 14 $ 200 $ 200 TotalSupplies $ 332 $ 1,200 $ 1,200 Services 37-120-700-702 Conference & Meetings $ 306 $ - $ - 37-120-700-706 Dues, Books, Sub $ 3,790 $ 3,800 $ 3,800 37-120-700-740 Mileage $ - $ - $ - 37-120-700-750 Professional Services $ 19,030 $ 40,000 $ 60,000 _ 37-120-700-758 City Reimbursement $ 13,422 $ 5,000 $ 5,000 37-120-700-760 Utilities & Maint. $ - $ 400 $ 500 37-120-700-799 Misa $ 237 $ 200 $ 200 Total Services $ 36,785 $ 49,400 $ 69,500 Capital 37-120-800-801 Lands. Buildings, & Wat $ - $ 76,000 $ 20,000 37-120-800-872 Site Improvements $ - $ - $ - 37-120-800-873 Payment to Fire District 14,703 $ 15,000 $ 16,000 37-120-800-872 PTI - Marketplace $ - $ - $ - 37-120-890-897 Trans to Walgreens Fund $ 195,000 $ 205,000 $ 200,000 Total Capital $ 209,703 $ 296,000 $ 236,000 ~ TOTAL EXPENDITURES $ 246,820 $ 346,600 $ 306,700 ENDING FUND BALANCE $ 223,102 $ 355,002 $ 421,802 2006 Budget EXHIBIT 2 WHEAT RIDGE URBAN RENEWAL AUTHORITY Walgreens Project Fund Actual 2004 Estimated 2005 Proposed 2006 BEGINNING FUND BALANCE $ 174,871 $ 2,012 $ 239,012 Revenues 37-580-00-501 PropertyTaxlncrement $ - $ - $ - 37-580-00-584 Sales Tax Increment $ - $ - $ - 37-580-00-581 interest $ 535 - $ 2,000 $ 2,000 37-580-02-588 Sale of Property $ - $ - 37-590-00-592 Trans from Town Cent Fund $ 195,000 $ 235,000 $ 200,000 TOTAL REVENUE 195,535 $ 237,000 $ 202,000 Services 37-121-700-702 Conference & Meetings $ - $ - $ - 37-121-700-706 Dues, Books, Sub $ - $ - $ - 37-121-700-740 Mileage $ - $ - $ - 37-121-700-750 Professional Services $ - $ - $ - 37-121-700-758 City Reimbursement $ - $ - $ - 37-121-700-799 Misc. $ 161 $ - $ - Total Services $ 161 $ - $ - Capital 37-121-800-801 Acquisition & Relocate $ 368,233 $ - $ - 37-121-500-872 Site Improvements $ - $ $ - 37-121-900-901 Loan Payment $ - $ - $ - Total Capital $ 368,233 $ - $ - TOTAL EXPENDITURES $ 368,394 $ - $ - ENDING FUND BALANCE $ 2,012. $239,012 $ 441,012 2006 Budget