The URL can be used to link to this page

Home My WebLink About08/19/2008WHEAT RIDGE URBAN RENEWAL AUTHORITY AGENDA August 19, 2008 Notice is hereby given of a Public Meeting to be held before the City of Wheat Ridge Urban Reuewal Authority on Tuesday, August 19, 2008, at 6:00 p.m., in the City Council Chambers of the Municipal Buildiug at 7500 West 29th Avenue, Wheat Ridge, Colorado. Individuals with disabilities are encouraged toparticipate in allpublic meetings sponsored by the City of Wheat Ridge. CaU Heather Geyer, Public Information Officer at 303-235-2826 at least one week in advance of a meeting ifyou are interested in participating and need inclusion assistance. 1. Call the Meeting to Order 2. Roll Call of Members 3. Approval of Minutes - August 5, 2008 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. New Business A. Update on West 44th Avenue & Wadsworth Blvd. RFQ/RFP B. Update on Kipling Corridor Blight Study RFP C. 2008 Budget Update D. Next Meeting Date - September 16, 2008 6. Adjournment MINUTES WHEAT RIDGE URBAN RENEWAL AUTHORITY August 5, 2008 1. CALL THE MEETING TO ORDER The meeting of the Wheat Ridge Urban Renewal Authority was called to order by Chairman Williams at 6:00 p.m. in the council chambers of the Municipal Building, 7500 West 29"' Avenue, Wheat Ridge, Colorado. ROLL CALL OF MEMBERS Authority Members Present: Rick Adams James Bahrenburg Janet Leo Walt Pettit Tom Radigan Larry Schulz Terrell Williams Also attending: Patrick Goff, Deputy City Manager Jeff Parker, WRURA Attorney Wendy Shea; Light, Harrington & Dawes, PC Steve Dawes; Light, Harrington & Dawes, PC Ann Lazzeri, Recording Secretary 3. APPROVAL OF MINUTES - July 1, 2008 The minutes of July 1, 2008 were approved by acclamation. 4. PUBLIC FORUM Charles Durbin was present and asked about progress on the Gemini Restaurant site. Patrick Goff stated that as far as he was aware, work is still in progress. 5. NEW BUSINESS A. Kipling Corridor Blight Study RFP At the June 3, 2008 meeting, WRURA directed staff to draft a Request for Proposals (RFP) to obtain a firm to conduct a blight study of the Kipling Corridor. Subsequently, four proposals were received on July 22, 2008. Matrix was chosen - to be interviewed due to their experience with blight studies and excellent references. WRURA Minutes - 1- August 5, 2008 Tom Radigan suggested a higher level of communication to WRURA regarding development occurring during the blight study area along Kipling. B. Executive Session It was moved by Janet Leo and seconded by James Bahrenburg to enter into executive session for the purpose of receiving legal advice concerning pending litigation regarding the terminated 38th Avenue and Sheridan Boulevard redevelopment project pursuant to C.R.S. Section 24-6-402(4)(b). The motion passed unanimously. The regular meeting was adjourned to executive session at 6:18 p.m. The executive session was convened at 6:19 p.m. Those attending the executive session were: Rick Adams, WRURA James Bahrenburg, WRURA Janet Leo, WRURA Walt Pettit, WRURA Tom Radigan, WRURA Larry Schulz, WRURA Terrell Williams, WRURA Patrick Goff, Deputy City Manager Corey Hoffmann, WRURA Attorney Wendy Shea, Light, Harrington & Dawes, PC Steve Dawes, Light, Harrington & Dawes, PC Ann Lazzeri, Recording Secretary 6. Tile executive session was adjourned at 7: 50 p.m. ADJOURNMENT The regular meeting was adjourned at 7:51 p.m. The next regularly scheduled W RURA meeting will be August 19, 2008. Terrell R. Williams, Chairman Ann Lazzeri, Recording Secretary WRURA Minutes - 2- August 5, 2008 zkm A . Wheat Ridge Urban Renewal Authority 7500 W. 29th Avenue Wheat Ridge, Colorado 80033 303235-2846 303-235-2857 (Fax) TO: Urban Renewal Authority Boud Members FROM: Patrick Goff, Executive Director -0-b RE; RFQ and RFP for Development of Southeast Corner of W. 44Ih Avenue and Wadsworth Boulevard DATE: August 14, 2008 One proposal was received from Brownfield Partners LLC in response to the Request for Qualifications and Request for Development Proposals for the Southeast Corner of W. 44`h Avenue and Wadsworth Boulevard. A second firm inquired about the project but was unable to submit a proposal by the August 8, 2008 deadline. Brownfield Partners, based in Denver, Colorado, is a leading real estate development company specializing in the acquisition, master planning, entitlement, and redevelopment of urban infill and environmentally impaired real estate. Brownfield Partners purchases and redevelops quality real estate assets in targeted mazkets across the country. The Company's principals capitalize on the unique position of its Partners as national experts in the structuring, acquisition and execution of not only complex master redevelopment projects, but also the additional challenges brought to beaz by environmental distress. The Evaluation Committee consisting of Ken Johnstone, Community Development Director; Patrick Goff, WRURA Executive Director; Rob Osbom, WR2020 Executive Director and Denise Balkas, WR2020 Director of Real Estate Development aze scheduled to meet on August 20t' to discuss the submitted proposal. Following is the tentative schedule for the remaining RFQ/RFP process: Evaluation Committee Review August 20, 2008 Oral Interview Week of September 8, 2008 Presentation of Proposal by Brownfield September 16, 2008 Partners LLC to a joint meeting of the WRURA Board and the WR2020 Executive Board :1~ff M 8. Wheat Ridge Urban Renewal Authority 7500 W. 29th Avenue Wheat Ridge, Colorado 80033 303-235-2846 303-2352857 (Fax) TO: Urban Renewal Authority Boazd Members FROM: Patrick GofF, Executive Director-@~ RE: Kipling Conidor Blight Study RFP DATE: August 14, 2008 Staff received direction from the URA Boazd at the June 3, 2008 meeting to move forward with drafting a Request for Proposals (RFP) to obtain a firm to conduct a blight study of the Kipling Corridor. Four proposals were received on July 22, 2008. An evaluation committee consisting of Patrick Goff, Deputy City Manager; Sally Payne, Senior Planner; and Denise Balkas, WR2020 Director of Real Estate Development evaluated and ranked the proposals on August 5, 2008. The decision was made to conduct an oral interview with the number one ranking firm - Matrix Design Group, Inc. in association with Leland Consulting Group on August 18, 2008. Staff will provide an update to the WRURA Board at the August 19, 2008 meeting. Following is the tentative schedule for the remaining RFP process and the blight study: Oral Interviews Negotiation of Contract Council Approval Start of Work Completion Date August 18, 2008 Week of August 18, 2008 August 25, 2008 August 26, 2008 November 21, 2008 Vern C . Wheat Ridge Urban Renewal Authority 7500 W.29th Avenue Wheat Ridge, Colorado 80033 303235-2846 303-235-2857 (Fax) TO: Urban Renewal Authority Boazd Members FROM: Patrick Goff, Executive Director RE: 2008 WRURA Budget Update DATE: August 15, 2008 Attached are budget updates for the Town Center Fund, Walgreens Project Fund and the Wheat Ridge Cyclery Project Fund based on revenues received and appropriations expended through July 31, 2008. Town Center Fund Sales Tax Increment is down approximately 8.0% ($15,000) compared to the same period in 2007. Rental income in the amount of $17,333 for the Antique Mall has made up the difference. Property Tax Increment for the Town Center expired in 2006 with the last payments to the WRURA in 2007. Jefferson County has sent a payment of $2,223 for property tax increment in 2008. Staff will work with Jefferson County to correct this issue. Approximately $20,000 of Professional Services expenditures were for Boazd attomey fees; the remainder was professional services related to the acquisition of the properties located at 44`h and Wadsworth. Capital expenses for Lands, Buildings & Water include three principal and interest payments of $24,389.50 each for the acquisition of the properties located at 44`h and Wadsworth. The remainder was for Jefferson County property taxes far the same properties. Walereens Proiect Fund Jefferson County has sent a payment of $24,851 for property tax increment for the Walgreens project. There should be no property tax increment for this project. Staff will wark with Jefferson County to correct this issue. Wheat Ridee Cvclerv Proiect Fund Property Taac Increment in 2007 was $2,936. This increment was sent to Wheat Ridge Cyclery per the Mazch 20, 2007 Improvements Agreement. Sales Taac Increment through July 31, 2008 is a negative $8,621. Wheat Ridge Cyclery sales have not met or exceeded the base sales tax which was set from December 2005 to November 2006. Attachments: 1. WRURA Budget WHEAT RIDGE URBAN RENEWAL AUTHORITY Town Center Fund 2007 Actual 2008 Adjusted 2008 7-MOnth BEGINNING FUND BALANCE $219,384 $634,201 $634,201 Revenues 37-500-00-501 Property Taxlncremenl $344,345 $0 $2,223 37-500-00-504 Sales Tax Increment $340,917 $260,000 $174,267 37-580-00-581 Interest $12,706 $10,000 $10,812 37-580-00-582 Rental Income $0 $0 $17,333 ^y{ y~ "iTL~ } y1}~j{ 'i 4`e'NWFF ~F Rt 1..a W~a~6~.~ '~`~►~,~'',~k~F~ti•.. ~ ; WN0 .'.~~.1 ~~z ' ~ Personnel 37-120-600-602 Salaries $0 $0 $0 37-920-600-625 FICA $0 $0 $0 Supplies 37-120-650-651 Office Supplies $0 $200 $0 37-120-650-654 Printing & Photocopying $360 $800 $0 37-120-650-655 Postage $0 $200 $0 P*~ Services 37-120-700-702 Conference & Meetings $330 $2,000 $586 37-120-700-706 Dues, Books, Sub $0 $1,000 $275 37-120-700-740 Mileage $0 $0 $0 37-120-700-750 ProfessionalServices $39,282 $96,000 $56,737 37-120-700-758 City Reimbursement $7,617 $7,000 $0 37-120-700-760 Utilities & Maint. $604 $600 $348 37-120-700-799 Misc. $1,204 $1,200 $849 Capital 37-120-800-801 Lands. Buildings, 8 Wat $15,000 $365,000 $84,639 37-120-800-872 Site Improvements $0 $0 $0 37-120-800-873 Payment to Fire District $18,753 $0 $0 37-120-890-897 Transto Walgreens Fund $200,000 $0 $0 ~~~t~!~I~ qu~±~,~"n~t~~... t : ° ~s~~:za~. ~401URY; ;~ss4AQ~ WHEAT RIDGE URBAN RENEWAL AUTHORITY Walgreens Project Fund 2007 Actual 2008 Adjusted 2008 7-Month BEGINNING FUND BALANCE $ 645,658 $ 855,607 $ 855,607 Revenues 37-580-00-501 Property Tax Increment $ - $ - $ 24,851 37-580-00-584 Sales Tax Increment $ - $ 15,000 $ - 37-580-00-581 Interest $ 10,040 $ 12,000 $ 6,038 37-580.02-588 Sale of Property $ - $ - $ _ 37-590-00-592 Transfrom Town CentFund $ 200,000 $ - $ - 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. $ 90 $ 100 $ 53 H I Capital 37-121-800-801 Acquisition & Relocate $ - $ - $ _ 37-121-800-872 Site Improvements $ - $ - $ _ 37-121-900-901 Loan Payment . . . . i ~ . ~ ~ ~}~y~y1 p~n}R / x . /^f~t~F+ T ~ ~ ~ ' u ~ ~ ~ ~ ~ ~ , 4 5~ .1 ~E e.. . ~ ~ ' . . .t H`..i . i ' . YNe ' i .W e'i'::i~'(- WHEAT RIDGE URBAN RENEWAL AUTHORITY Wheat Ridge Cyclery Project Fund 2007 Actual 2008 Adjusted 2008 7-Month BEGINNING FUND BALANCE $ Revenues 37-580-00-501 PropertyTaxlncrement $ - $ - $ 2,936 37-580-00-584 Sales Tax Increment $ 184 $ 25,000 $ (8,621) 37-580-00-581 Interest $ _ $ _ $ 37-580-02-588 Sale of Property $ _ $ _ $ _ Services 37-121-700-702 37-121-700-706 37-121-700-740 37-121-700-750 37-121-700-758 37-121-700-799 Conference & Meetings Dues, Books, Sub Mileage Professional Services City Reimbursement Misc. $ _ $ _ g _ $ _ $ _ $ $ $ $ $ $ _ $ _ $ _ $ _ $ _ $ . :i. . . Capital 37-121-800-801 Acquisition & Relocate 37-121-800-872 Site Improvements 37-121-900-901 Loan Payment $ _ $ 184 $ _ $ $ $ _ $ 25,000 $ 2,936 _ $ W"A~~?it~~ 10'r