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Home My WebLink About06/17/2003AGENDA WHEAT RIDGE URBAN RENEWAL AUTHORITY June 17, 2003 Notice is hereby given of a Public MeeHng to be held before the City of Wheat Ridge Urban Renewal Authority on Tuesday, June 17, 2003, 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 - June 3, 2003 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. Old Business A. Adoption of Resolution Approving Disposition and Development Agreement with Cornerstone Group 6. Executive Session under C.R.S. Section 24-6-402(4)(e) for the purpose of determining matters that may be subject to uegotiations, developing strategy for negotiations and/or instructing negotiators regarding the 38« Avenue & Sheridan Boulevard redevelopment project. 7. Adjournment MINiJTES OF WHEAT RIDGE URBAN RENEWAL AUTHORITY June 3, 2003 5:30 p.m. 1. CALL THE MEETING TO ORDER The Wheat Ridge Urban Renewal Authority meeting was called to order by Chair Hashem at 5:40 p.m. The meeting was held in the Council Chambers of the Municipal Building, 7500 West 29th Avenue, Wheat Ridge, Colorado. A revised agenda was followed which added discussion of the 44~' Avenue and Wadsworth Boulevazd redevelopment area under executive session. 2. ROLL CALL OF MEMBERS Commissioners present: Vance Edwazds Mary Hashem Elwyn Kiplinger Janet Leo (arrived 5:59 p.m.) Tom Mallinson Terrell Williams Commissioners absent: Norm Burkpile Margy Platter Also attending: Alan VJhite, WRURA Executive Director Jim Windholz, Attorney for WRURA Arne Ray, Szymanski/Ray Steve Szymanski, Szymanski/Ray Ann Lazzeri, Recording Secretary 3. APPROVAL OF MINUTES The minutes were approved with a clarification that the date of the meeting was May 6, 2003. 4. PUBLIC FORUM Terry McFadden appeazed before the Authority to'ask if #he resolution approving the disposition and development agreement (DDA) with Comerstone Group would be approved during the executive session. Jim Windholz stated that he had made revisions to the most recent draft of the DDA received from Cornerstone.' The DDA will go back to Cornerstone for the WRURA Minutes Page 1 06-03-03 final time. He advised that discussion would be held during executive session regazding action to be taken by the Authority if Cornerstone decides not to accept the revisions. The two major issues yet to be resolved aze (1) financing and (2) who would be responsible for any environmental issues. Chair Hashem advised the public that, following the executive session, the Authority would return to the council chambers to reconvene the regular meeting. 5. EXECUTIVE SESSION It was moved by Vance Edwards and seconded by Elwyn Kiplinger to move into executive session under CRS Section 24-6-402(4)(e) for the purpose of determining matters that may be su6ject to negotiations, develoing strateg,y for negotiations and/or instructing negotiators regarding the 38~ Avenue and Sheridan redevelopment project and t6e 40' Avenue and Wadsworth Boulevard redevelopment area. The regular meeting was adjoumed to executive session at 5:48 p.m. The executive session began at 5:52 p.m. in the second floor conference room and adjoumed at 620 p.m. The regular meeting was reconvened in the council chambers at 623 p.m. 6. A. AdopNon of Resolution Approving Disposition and Development Agreement (DDA) with Cornerstone Group Chair Hashem stated that significant blocks in negotiations with Cornerstone Group were discussed during execuUve session to determine the Authority's course of action and asked for a motion. It was moved by Vance Edwards and seconded by Elwyn Kiplinger to submit the final version of the DDA to Cornerstone and require it to be approved and signed by June 10, 2003; and if it is not so approved and signed, the consultants and attorney shall terminate negotiations with Cornerstone and begin negotiations of a DDA with Centres, Inc. The motion passed unanimously. 7. OLD BU5INES5 There was no oid business to come before the Authority. 8. OTHER MATTERS Terry McFadden addressed the Authority to ask about the timeframe involved if the city should begin negotiations with Centres, Inc. (Eckerd's Drug). Chair ~ WRURA Minutes Page 2 06-03-03 Hashem estimated that it would set the process back approximately one month. . Election of Vice Chair - Since there were no volunteers for this position, an Authority member will be selected to serve as acting chair each time Mazy Hashem is unable to chair the meeting. 9. ADJOURNMENT The meeting was adjourned by Chair Hashem at 6:26 p.m. Mary Hashem, Chair Ann Lazzeri, Secretary WRURA Minutes Page 3 06-03-03 WHEAT RIDGE URBAN RENEWAL AUTHORITY RESOLUTION NO. 0a- -2003 Series of 2003 A RESOLUTION OF THE WHEAT RIDGE URBAN RENEWAL AUTHORITY APPROVING AN AGREEMENT FOR THE REDEVELOPMENT OF PROPERTIES AT 38Tx AVENUE AND SHERIDAN BOULEVARD WHEREAS, pursuant to the Urban Renewal Law of Colorado, the Wheat Ridge Urban Renewal Authority has authorized its staff and consultants to negotiate an agreement with the Comerstone Group for the redevelopment of properties, including a Walgreen's Store, within the 38`h Avenue Corridor Redevelopment Area; and WHEREAS, the draft agreement submitted to the Authority is in compliance with the 38`h Avenue Corridor Redevelopment Plan. THEREFORE BE IT RESOLVED by the Wheat Ridge Urban Renewal Authority that: Section 1. The draft Disposition and Development Agreement between the Authority and the Cornerstone Group I, Inc. to be effective May 1, 2003, is approved in essentially the same form as considered by the Authority as of the date of this resolution; subject however, to modifications approved by the staff, consultants, attorney and Chair of the Authority. Section 2. The Chair is authorized to sign the Agreement for the Authority subject to modifications as stated in Section 1. DONE AND RESOLVED the day of 2003. Chair ATTEST: Secretary APPROVED AS TO FORM: James A. 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