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HomeMy WebLinkAbout12/16/2008AGENDA WHEAT RIDGE URBAN RENEWAL AUTHORITY December 16, 2008 Notice is hereby given of a Public Meeting to be held before the City of Wheat Ridge Urban Renewal Authority on Tuesday, December 16, 2008 at 6:00 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 - November 18, 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. Election of Officers 6. Staff Updates a. 3718 Ames Street b. Next meeting date 7. Public Hearing a. Resolution 07-2008, Approving a Supplemental Budget Appropriation for 2008 8. Adjournment MINUTES WHEAT RIDGE URBAN RENEWAL AUTHORITY November 18, 2008 1. CALL THE MEETING TO ORDER The meeting of the Wheat Ridge Urban Renewal Authority was called to order by Chairman Williams at 6:10 p.m. in the council chambers of the Municipal Building, 7500 West 29 h Avenue, Wheat Ridge, Colorado. 2. ROLL CALL OF MEMBERS Authority Members Present: Rick Adams James Bahre Tom Radiga Terrell Willi Authority Members Absent: Larry Schu Janet Leo ,Walt Pettit Also attending: PalfiUMoff, Deputy City Manager Corey Hof~~, WRURA Attorney Ann LazSerl, R:c-rd t g Secretary 3. APPROVATfOF MINUTES - October 21, 2008 It was moved by2rck Adams and seconded by James Bahrenburg to approye the mina-b bf Ocfol r 21 008 as presented. The motion carried 4,4 ' t 4. PUBLIC HEARING There were no members of the public who wished to speak at this time. 5. STAFF UPDATES A. 3718 "Ames Street Patrick Goff reported that the Wheat Ridge Housing Authority and Wheat Ridge 2020 have been made aware that the Ames property is available for sale but neither has made a response at this time. The possibility of using a public bid process was discussed. WRURA Minutes - 1 - November 18, 2008 6. PUBLIC HEARING A. Resolution 06-2008 - Presentation and Approval of 2009 Budget Chairman Williams opened the public hearing to consider Resolution 06-2008. Patrick Goff reviewed the 2009 proposed budget for the Wheat Ridge Urban Renewal Authority. Terrell Williams commented that, in the future, he would 1) retain a portion of TIF funds to be used toward future pr9Je 100% to the business Rick Adams suggested that $75,000 be budgeted Fgr Profe= _ to see the Authority order to allow hiring of attorneys or consultanfsi--£the need suggested budgeting $600 for utilities an A xather than rebating Services in I arise. He also Chairman Williams asked to hear Charles Durbin made a a longer be income from the to remind tYi that there will no Chairman Williams asked if he closed the public hearin¢. It was moved=J approve xesoi appropriation vii Venter property taxAncrement. aft ere were fuetller comments. Hearing no response, A PP, and seconded by James Bahrenburg to a resoles-I- enacting a budget and 109 for the Town Center and Wheat Ridge to nelude $75,000 for professional services The motion carried 4-0. 7. Patricl~ Goff reported~that Amici's has made a request for tax increment financing He con riented that Amici's is in a lease-to-purchase arrangement on the properfytand=Y'o this point in time, TIF has never been offered to a tenant. Following extensive discussion, a consensus was reached to give staff direction to encourage Amici's to continue the TIF application process. 8. BROWNFIELD PARTNERS PROPOSAL - Discussion and recommendation concerning Brownfield Partners proposal in response to the RFQ and RFP for development of the southeast corner of West 44th Avenue and Wadsworth. There was consensus to consider this matter under the scheduled executive session. WRURA Minutes -2- November 18, 2008 9. EXECUTIVE SESSION 10. It was moved by Rick Adams and seconded by James Bahrenburg to enter into executive session to consider the purchase, acquisition, lease, transfer or sale of real, personal or other property pursuant to C.R.S. Section 24-6- 402(4)(a). The motion carried 4-0. The regular meeting was adjourned to executive session at 8:05 p.m. Those attending the executive session were: James Bahrenburg, WRi Tom Radigan, WRURA Terrell Williams, WRUI Patrick Goff, Deputy City Manager Corey Hoffmann, WRURA Attorney Ann Lazzeri, Recording Secretary WRURA Minutes -3 - November 18, 2008 The executive session was convened at 8:07 p.m. The executive session was adjourned at 8:49 p.m. Wheat Ridge Urban Renewal Authority 7500 W. 29th Avenue Wheat Ridge, Colorado 80033 303-235-2846 303-235-2857 (Fax) TO: Urban Renewal Authority Board Members FROM: Patrick Goff, Executive Director RE: Election of Officers DATE: December 10, 2008 Article II, Officers and Personnel, of the WRURA By-Laws details the makeup of the WRURA Board and Section 7 specifically outlines the procedures for the election of officers. Section 7. Election oOfficers. The Officers of the Authority shall be elected annually by the Authority at the first regular meeting in December and shall assume their duties upon election. Officers shall hold office for one year or until their successors are elected and qualified. Chairman. The Chairman shall preside at all meetings of the Authority. Except as otherwise authorized by resolution of the Authority, the Chairman shall sign all contracts, deeds, checks for the payment of money and other instruments made by the Authority. "I move to select as Chairman of the WRURA, term to commence immediately until his/her successor is elected." Vice Chairman. The Vice Chairman shall perform the duties of the Chairman in the absence of the Chairman from the City or incapacity of the Chairman; and in case of a vacancy in the office of the Chairman, the Vice Chairman shall perform such duties as are imposed on the Chairman until such time as the Authority shall select a new Chairman from among its members. "I move to select as Vice Chairman of the WRURA, term to commence immediately until his/her successor is elected." Attachments: 1. By-Laws of the WRURA (section pertaining to election of officers) BY-LAWS OF THE WHEAT RIDGE URBAN RENEWAL AUTHORITY ARTICLE 1 THE AUTHORITY Section 1. Name of Authority. The name of the Authority shall be the "Wheat Ridge Urban Renewal Authority", hereinafter referred to as WRURA or.the Authority. The name of the Authority was previously the "Wheat Ridge Economic Development Commission." The Authority shall consist of the number of members as provided by Section 25-24 of the Code of Laws of the City of Wheat Ridge. Section 2. Seal of Authority. The seal of the Authority shall be in the form of a circle and shall bear the name of the Authority. Section 3. Office of Authoritv. The office of the Authority shall be .in the municipal building of the City of Wheat Ridge, Colorado, 7500 West 29th Avenue, Wheat Ridge,' Colorado 80033. ARTICLE 11 OFFICERS AND PERSONNEL Section 1. Officers. The officers of the Authority shall be a Chairman, a Vice Chairman, and a Secretary who shall be Executive Director. Section 2. Chairman. The Chairman shall preside at all meetings of the Authority. Except as otherwise authorized by resolution of the Authority, the Chairman shall sign all contracts, deeds, checks for the payment of money and other instruments made by the Authority. Section 3. Vice Chairman. The Vice Chairman shall perform the duties of the Chairman in the absence of the Chairman from the City or incapacity of the Chairman; and in case of a vacancy in the office of the Chairman, the Vice Chairman shall perform such duties as are imposed on the Chairman until such time as the Authority shall select a new Chairman from among its members. Section 4. Executive Director. The Executive Director shall be appointed by the Authority in accordance with the Cooperation Agreement between WRURA and the City of Wheat Ridge dated October 26, 1987. He or she shall have general supervision over the administration of the affairs and business of the Authority, and shall be charged with the management of the projects of the Authority. He or she shall designate in writing some person to perform the duties of Executive Director in his or her absence. GED\53027\373413.03 Section 5. Secretary. Pursuant to C.R.S. section 31-25-104(2)(c), the Executive Director of the WRURA shall be the Secretary. However, the Mayor and/or the City Administrator of the City of Wheat Ridge is hereby empowered to appoint a Recording Secretary for the Authority who shall keep the records of the Authority, shall act as Secretary at the meetings of the Authority, and record all votes, and shall keep a record of the proceedings of the Authority in a journal of proceedings to be kept for such purposes, and shall perform all duties incident to this office. He or she shall keep in safe custody the seal of the Authority and shall have power to affix such seal to all contracts and instruments authorized to be executed by the Authority. He or shall shall designate in writing some person to perform his or her duties hereunder in his or her absence. The Recording Secretary for the Authority shall keep the records of the Authority, shall act as Secretary at the meetings of the Authority, and record all votes, and shall keep a record of the proceedings of the Authority in a journal of proceedings to be kept for such purposes, and shall perform all duties incident to this office. He or she shall keep in safe custody the seal of the Authority and shall have power to affix such seal to all contracts and instruments authorized to be executed by the Authority. He or she shall designate in writing some person to perform his or her duties hereunder in his or her absence. Section 6. Additional Duties. The Officers of the Authority shall perform such other duties and functions as may from time to time be required by the Authority, or by the By-Laws or the Rules and Regulations of the Authority, or pursuant to any cooperation agreement. Section 7. Election of Officers. The Officers of the Authority shall be elected annually by the Authority at the first regular meeting in December and shall assume their duties upon election. Officers shall hold office for one year or until their successors are elected and qualified. The Recording Secretary shall be appointed by the Mayor and/or the City Administrator of the City of Wheat Ridge, as above provided. Any person appointed to fill the office of Recording Secretary or any vacancy therein shall have such term as the Mayor and/or City Administrator may establish, but no WRURA Authority member shall be eligible for this office except as a temporary appointee. Section 8. Vacancies. Should the office of Chairman or Vice Chairman become vacant, the Authority shall select a successor from its membership at the next regular meeting to serve for the unexpired term of said office. Section 9. Personnel. The Authority may from time to time employ such personnel as it deems necessary to exercise its powers, duties and functions as prescribed by the Urban Renewal Law of the State of Colorado, and all other laws of the State of Colorado applicable thereto. The Authority is further expressly authorized to GED1530271373413.03 2 Wheat Ridge Urban Renewal Authority 7500 W. 29th Avenue Wheat Ridge, Colorado 80033 303-235-2846 303-235-2857 (Fax) TO: Urban Renewal Authority Board Members FROM: Patrick Goff, Executive Director RE: Resolution 07-2008 Supplemental Budget Appropriation DATE: December 10, 2008 Attached is a resolution adopting a supplemental budget appropriation for the 2008 Town Center Fund and Walgreens Project Fund budgets. A supplemental budget appropriation in the total amount of $507,325.73 is necessary for the following expenditures: Town Center Fund Reimbursement to the City for legal services for the Cornerstone case in the amount of $102,325.73. Walgreens Project Fund 2. Cornerstone case settlement in the amount of $400,005 ($5 is for certified check fee). Recommended Motion: "I move to approve Resolution 7-2008, amending the fiscal year 2008 Urban Renewal Budget to reflect the approval of a supplemental budget appropriation in the amount of $102,325.73 to the Town Center Fund for the purposes of reimbursement to the City of Wheat Ridge for legal services for the Cornerstone case and $400,005 to the Walgreens Project Fund for the purposes of the Cornerstone case settlement." Attachments: 1. Resolution 07-2008 WHEAT RIDGE URBAN RENEWAL AUTHORITY RESOLUTION NO. 7 Series of 2008 TITLE: A RESOLUTION AMENDING THE FISCAL YEAR 2008 URBAN RENEWAL BUDGET TO REFLECT THE APPROVAL OF A SUPPLEMENTAL BUDGET APPROPRIATION IN THE AMOUNT OF $102,325.73 TO THE TOWN CENTER FUND FOR THE PURPOSES OF REIMBURSEMENT TO THE CITY OF WHEAT RIDGE FOR LEGAL SERVICES FOR THE CORNERSTONE CASE AND $400,005 TO THE WALGREENS PROJECT FUND FOR THE PURPOSES OF THE CORNERSTONE CASE SETTLEMENT WHEREAS, C.R.S. 29-1-103 (1) of the Local Government Budget Law of Colorado requires certain local governmental entities to prepare and adopt an annual budget; and WHEREAS; the Attorney for the Authority has opined that the provisions of the Budget Law do apply to the Authority; and WHEREAS, notice of adoption of the 2008 supplemental appropriation and budget was given by the Urban Renewal Authority in compliance with C.R.S. 29-1-106; and WHEREAS, the Authority previously adopted an appropriation for 2008 on December 11, 2007, which appropriation must be modified for the fees associated with the Cornerstone case; and WHEREAS, in compliance with the provisions of the Budget Law regarding notice, objections, and hearing, a public hearing was held on the Supplemental Budget and Appropriation for 2008 on December 16, 2008. THEREFORE, BE IT RESOLVED by the Wheat Ridge Urban Renewal Authority as follows: Section 1. The year 2008 supplemental appropriation for the Town Center Fund and Walgreen's Project Fund as shown on Exhibit 1 and Exhibit 2, respectively, attached hereto is hereby approved. The purposes of the 2008 supplemental appropriation is to increase funds in Town Center Fund line item 37-120-700-758 by $102,325.73 for reimbursement to the City of Wheat Ridge for legal services for the Cornerstone case and in Walgreen's Project Fund line item 37-121-700-799 by $400,005 for settlement of the Cornerstone case. UAUrban Renewal\URA Packet Materials\081216 Supp Budget Appr Res.doc Section 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 Division of Local Government. ADOPTED the 16th day of December, 2008. WHEAT RIDGE URBAN RENEWAL AUTHORITY Chair ATTEST: Secretary to the Authority UAUrban Rcnewal\URA Packet Materials\081216 Supp Budget Appr Res.doc WHEAT RIDGE URBAN RENEWAL AUTHORITY Town Center Fund EXHIBIT 1 2007 Actual 2008 Adopted 2008 Amended BEGINNING FUND BALANCE $219,384 $562,381 $634,201 Revenues 37-500-00-501 Property Tax increment $344,345 $0 $0 37-500-00-504 Sales Tax Increment $340,917 $260,000 $260,000 37-580-00-581 Interest $12,706 $10,000 $10,000 TdTALf2-VENUE ;$'697,968 . 1270,000 $276'o w Personnel 37-120-600-602 Salaries $0 $0 $0 37-120-600-625 FICA $0 $0 $0 Supplies 37-120-650-651 Office Supplies $0 $200 $200 37-120-650-654 Printing & Photocopying $360 $800 $800 37-120-650-655 Postage $0 $200 $200 Total Sup" lies $360 $1,206 $1,200; Services 37-120-700-702 Conference & Meetings $330 $2,000 $2,000 37-120-700-706 Dues, Books, Sub $0 $1,000 $1,000 37-120-700-740 Mileage $0 $0 $0 37-120-700-750 Professional Services $39,282 $60,000 $96,000 37-120-700-758 City Reimbursement $7,617 $7,000 $109,326 37-120-700-760 Utilities & Maint. $604 $600 $600 37-120-700-799 Misc. $1,204 $1,200 $1,200 Capital 37-120-800-801 Lands. Buildings, & Wat $15,000 $15,000 $365,000 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 Trans to Walgreens Fund $200,000 $0 $0 Total Capital _ _ $233,753 ' ; $15;000 111 1- $365 OOQ TOTAL EXPENDITURES " . $283,150 ' ` , $88 000 $576 326;'. 1E0 DINGfUNDBALANCE $634,202 - , $74438T ; $327875; EXHIBIT 2 WHEAT RIDGE URBAN RENEWAL AUTHORITY Walgreens Project Fund 2007 Actual 2008 Adopted 2008 Amended BEGINNING FUND BALANCE $ 645,658 $ 870,658 $ 870,658 Revenues 37-580-00-501 Property Tax Increment $ - $ - $ - 37-580-00-584 Sales Tax Increment $ - $ 15,000 $ 15,000 37-580-00-581 Interest $ 10,040 $ 12,000 $ 12,000 37-580-02-588 Sale of Property $ - $ - $ - 37-590-00-592 Trans from Town Cent Fund $ 200,000 $ - $ - TOTAL REVENUE $ 210,040 $ 27,000 $ 27,000 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. Total Services Capital 37-121-800-801 Acquisition & Relocate 37-121-800-872 Site Improvements 37-121-900-901 Loan Payment Total Capital TOTAL ENDING FUND BALANCE $ 90 $ 100 $ 400,105 $ 90 $ 100 $ 400,105 $ 90 $ 100 $ 400,105 $ 855,608 $ 897,558 $ 497,553