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HomeMy WebLinkAbout08/25/1998AGENDA CITY OF WHEAT RIDGE ECONOMIC DEVELOPMENT AND REVITALIZATION COMMISSION Tuesday, August 25, 1998 7:00 p.m. Notice is hereby given of a Public Meeting to be held before the City of Wheat Ridge Economic Development and Revitalization Commission on August 25, 1998, at 7:00 p.m., City Council Chambers, 7500 West 29th Avenue, Wheat Ridge, Colorado. 1. Call The Meeting to Order 2. Roll Call of Members 3. Consideration of Absences 4. Approval of Minutes - July 28, 1998 5. Public Forum (This is the time for any person to speak on any subject not appearing on the agenda.) 6. Unfinished Business A) Wheat Ridge Wadsworth Boulevard Corridor Study Update B) Business Development/Business Retention Plan C) 44" Avenue Merchants 7. New Business A) Presentation by Jane Reider of the Small Business Development Center B) Supplemental Budget Appropriation 8. Executive Session 9. Adjournment C:Tarbara\ECODEVO\AGENDAS\980825. WPD MINUTES OF WHEAT RIDGE ECONOMIC DEVELOPMENT AND REVITALIZATION COMMISSION _JULY 28, 1998 7:00 P.M. 1. CALL THE MEETING TO ORDER The Wheat Ridge Economic Development and Revitalization Commission meeting was called to order by Chairman ROACH at 7:00 p.m. 2. ROLL CALL OF MEMBERS EDARC Commissioners present: Rae Jean Behm Norman Burkpile Sandra Collins Joe Drew Elwyn Kiplinger Janet Leo Richard Matthews Margy Platter Jerry Roach Also attending were: Alan White, Planning Director Martin Orner, Economic Development SpecialisUAssociate Planner Ann Lazzeri, Recording Secretary 3. CONSIDERATION OF ABSENCES There were no absences. 4. APPROVAL OF MINUTES It was moved by- Commissioner BURKPILE and seconded by Commissioner PLATTER to approve the minutes of the June 30, 1998 EDARC meeting. The motion carried 9-0. 5. . . PUBLIC FORUM No one appeared to speak. EDARC Minutes Page 1 07/28/98 6. UNFINISHED BUSINESS ITEMS A. Wheat Ridge Wadsworth Boulevard Corridor Study Martin Omer announced an all-day workshop concerning the Wadsworth Boulevard - Corridor Study io be held on August 4, 1998 at the Wheat Ridge Municipal Buildin.g. and encouraged Commission members to attend. B. 44th Avenue Merchants Association Mr. Orner distributed copies of a list of businesses who sponsored the neighborhood barbecue on June 27. It was the consensus of the Commission to have Chairman ROACH and the Mayor present a plaque to Ron Burnal, organizer of the event, at a City Council meeting. C. Business DevelopmentBusiness Retention Plan A discussion was held concerning possible methods to retain present businesses and develop new businesses within the City of Wheat Ridge. There was a consensus that Commission members contact appropriate staff inembers of surrounding municipalities to discuss their business development and business retention plans as follows: Commissioner Behm Commissioner Burkpile Commissioner Collins Commissioner Drew CommissionerKiplinger Commissioner Leo Commissioner Matthews Commissioner Platter Chairman_Roach Littleton Lakewood Arvada Westminster Broomfield Brighton Boulder Golden Enalewood Members will report their findings at the next EDARC meeting to be hefd on August 25, 1998. - NEW BUSINESS A. Mr. Orner reported that Bolle America plans to locate its corporate headquarters in the Pacifica development near I-70 and Kipling. EDARC Minutes • Page 2 07/28/98 B. Mr. Orner reported that the City staff is considering various options to improve the motel area in the vicinity of Kipling and I-70. This will be a City Council study session item in the near future. Commission members discussed their concems and possible solutions for this azea. Mr. White stated that he would forward those concerns to the City Council. --C. Mr: White stated that the City's payment for property taY to the Wheat Ridge Market Place and to the Fire District is due and asked if the Commission would want to make two payments to the Maiket Place in an attempt to pay down the balance. There was a consensus of the Commission to make the one payment which is due unless the Market Place would be willing to offer a discount for making a double payment. D. Mr. White gave an update on the Walgreen's relocation and possible expansion of the King Soopers store in the Applewood Shopping Center. There was discussion concerning redevelopment of the Grange property. E. Mr. Orner distributed copies of a list of citizens to be informed of EDARC meetings. It was agreed that the list should be updated. 8. ADJOURNMENT It was moved by Commissioner DREW and seconded by Commissioner LEO to adjourn the meeting at 9:00 p.m. The motion carried 9-0. JERRY ROACH, Chair Ann Lazzeri, Recording Secretary Cd➢arbara\ECODG VO\M I NUTES\9807? 8 avpd EDA2C Minutes Page 3 07/28/98 The City of 7500 WEST 29TH AVENUE • WHEAT RIDGE, COLORADO 80215 GWh e at GRidge August 13, 1993 Ron Bernal A New Era Barber SFiop - 9085 West 44`h Avenue Wheat Rid.-e, Colorado, 80033 Subject: West 44~' Avenue Merchants Deaz Business ONvner: The City of Wheat Ridge Economic Development and Revitalization Commission (EDARC) extends its tfianks and appreciation to you for your participation in the June 27, 1998 cookout and community event held at Anderson Park. In addition to the free cookout, many businesses also donated raffle items which were given away to lucky winners. We believe that your efforts in promoting the businesses on West 44~' Avenue to the community with an event such as this is an excellent way to greatly increase the public's awazeness of your business and to simultaneousfy create a geater sense of community character. ' The City's Office of Economic Development and Martin Orner, the Economic Development Specialist, are available to assist you with future such events. Please call Mr. Orner at 235-2854 for more information. The Economic Development and Revitalization Commission encourages you and your business associates to make the cookout an annual eyent which promotes the businesses in your area. EDARC meetings aze held the last Tuesday of each month at 7 p.m. in Municipal Building located at 7500 West 29t' Avenue (29~' and Wadsworth), and you aze always welcome to attend. Again, thank you for your generosity and efforts! Sincerely, P-Cl~z Jerry Roach, Chauman City of Wheat Ridge Economic Development and Revitalization Commission c: Wheat Ridge City Council (303) 234•5900 • ADMINISTRATION FAX: 234-5924 • POLICE DEPARTMENT FAX: 235-2949 , Business Owner Lilly Quirk Chuck Quality Machine Raindrops, Ina Rocking West Caravan 9005 W. 44" Avenue _ 9491 W. 44`" Avenue 11221 W. 44'h Avenue Wheat Ridge, CO 80033 Wheat Rid.-e, CO 30033 Wheat Ridgz, Co 80033 Sandy Steinfort Jeff Greg Spease Rocky Mountain Shirt Laundry P.remier Auto Apache Rents, Inc. 9 f35 W:=44`" Avenue . 9998 W. 44'" Avenue 9505 W. 44`" Avenue Wheat Ridge, CO 80033 Wheat Ridae, CO 80033 Wheat Ridge, CO 80033 Dave & Shirley Walker Roland Rascon State Beauty Supply Cage & Feed Supply The Dent-ist 9025 W. 44`h Avenue 9900 W. 44`h Avenue, Unit B 9491 W. 44`'Avenue, Unit 109 Wheat Ridge, CO 80033 Wheat Ridge, CO 80033 Wheat Ridge, CO 80033 Jerry Kahler/Richazd Perry David Bowman Matt Reinhart Action Transmissions B&B Printing L&H Auto Body 9491 W. 44"' Avenue, 9114 9155 W. 44''Avenue 9701 W. 44'" Avenue Whzat Rid.-e, CO 80033 Wheat Ridae, CO 80033 Wheat Ridge, CO 80033 My Other Brother's Gazage Gary Bryan Ron Bernal 9670 W. 44`h Avenue Wheat Ridge Auto Services A New Era Barber Shop Wheat Rid.ge, CO 80033 9491 W. 44'" Avenue, Unit 112 9085 west 44th Avenue Wheat Ridge, CO 80033 wheat Ridge, CO 80033 E wHe.y r City of Wheat Ridge Planning and Development Department " m Memorandum TO: EDARC Members FROM: Alan White, Planning and Development Director ,(U~ ~ ~ Ww SUBJECT: Supplemental Budget Appropriation DATE: August 18, 1998 As part of the agreement with Wheat Ridge Market Place, EDARC annually makes payments to the developers to reimburse property tax collected, to the Fire District to recoup proper[y tax revenue, and an additional payment for additiona] site improvements. The 1998 payments due are as follows: Wheat Ridge Market Place PTI $151,768.60 Site Improvements 35,000.00 Payment to Fire District 10-745 11 Total $195,513.71 The current 1998 Budget for EDARC has a total of $203,000.00 budgeted for these payments. In January of this year a payment of $53,978.56 was made to complete the payments due for 1997. This payment was not taken out of the 1997 budget, but instead the 1998 budget. The following payments have been made in 1998: Wheat Ridge Market Place (1997 payment) $ 53,978.56 Site Improvements 35,000.00 Wheat Ridge Market Place (Partial 1998 payment) 114,021.44 Total $203,000.00 The following payments still need to be made: Wheat Ridge Market Place (1998 balance) $37,747.16 Fire District I0,745.11 Total $48,492.27 StaFf is requesting approval of a Supplemental Budget Appropriation in the amount of $50,000.00 to cover the payments to be made. There will be additional small payments we will still need to make because property taxes are still being received by the County. These should not be significant amounts. Suggested Motion: "I move to recommend to City Council a Supplemental Budget Appropriation £or the EDARC budget in the amount of $50,000.00 for the purpose of EDARC fulfilling its obligations to the Wheat ` Ridge Market Place project. The appropriation should be made by transfemng $50,000.00 from the fund balance to budget line item 37-120-800-872." ECONOMIC DEVELOPMENT AND REVITALIZATION COMMISSION FUND 37 BUDGET ACTUAL APPROVED ESTIMATE RECOMMEND 1997 1997 1998 1998 1999 BEGINNING FUND BALANCE REVENUES 37-500-00-501 Property Taxlncrement 37-500-00-504 Sales Tax Increment W.-4`'~wOY'th rf3m40/' 37-580-00-581 I nterest $42,481 $107,142 $174,599 $174,599 155653 $199,204 $208,996 $199,204 $199,204 199204 $100,000 $100,000 $100,000 $100,000 100000 $52,500 0 $7,500 $3,789 $6,000 $6,000 6000 TOTAL REVENUE $349,185 $419,927 $479,803 $532,303 $490,857 PERSONNEL 37-120-600-602 Salaries $18,000 $18,000 $0 $0 $0 37-120-600-625 FICA $1,260 $1,350 $0 $0 $0 TOTAL PERSONNEL $19,260 $19,350 $0 $0 $0 37-120-650-651 Office Supplies $250 $0 $250 $250 $250 37-120-650-654 Printing 8 Photocopying $50 $0 $0 $500 $500 37-120-650-655 Postage $550 $0 $0 $0 $0 TOTAL SUPPLIES $850 $0 $250 $750 $750 37-120-700-702 Conference & Meetings $0 $0 $2,500 $2,500 $2,500 37-120-700-740 Mileage $150 $0 $200 $200 $200 37-120-700-750 Professional Services $10,000 $20,000 $15,000 $85,000 $15,000 37-120-700-758 City Reimbursement $2,000 $2,000 $5,000 $5,000 $5,000 37-120-700-799 Misc. $200 $898 $200 $200 $200 TOTALSERVICES $12,350 $22,898 $22,900 $92,900 $22,900 37-120-800-501 Acquisition & Relocate $17,500 $17,500 $0 $0 $0 37-120-800-872 Site Improvements $17,500 $35,000 $35,000 $35,000 $35,000 Loan Payments $0 $40,000 $0 $0 $0 37-120-800-872 PTI - Marketplace $120,000 $110,580 $168,000 $218,000 $168,000 TOTAL CAPITAL $155,000 $203,080 $203,000 $253,000 $203,000 TOTAL EXPENDITURES $187,460 $245,328 $226,150 $346,650 $226,650 ENDING FUND BALANCE $161,725 $174,599 $253,653 $185,653 $264,207 OF WHEqT City of Wheat Ridge ~ P~ Planning and Development Department Memorandum ~°`°RP°° TO: EDARC Members FROM: Alan White, Planning and Development Director SUBJECT: Supplemental Budget Appropriarion DATE: August 25 1998 Subsequent to the memorandum on the supplemental budget appropriation, I have received new information concerning budgeting for the Wadsworth Corridor Study. Funding for this study involves a grant from the State Office of Energy Conservarion (OEC) as well as contributions from the City capital projects fund and EDARC. I do not have within the Planning and Development Budget any way to account for revenue (the OEC grant). I have talked this over with the City Manager and we agreed to pursue using the EDARC budget as the vehicle to account for the project revenue and expenditures. No further contribution from EDARC is being made or requested. The attached budget sheet shows the changes needed in the EDARC budget in order to accomplish this. The OEC grant and transfer from the City capital projects fund is shown in the revenue line item labeled Wadsworth Corridor under the 1998 Estimated Budget column. The total accounts foi the $25,000 OEC grant and $27,500 from the City fund. The remaining $27,500 is funded by EDARC. Expenditures for the study.are shown in line item 37-120-700-750 Professional Services. This will include the OEC grant, City contribution, and EDARC contribution totaling $80,000. The additional $5,000 is left as a contingency for any additional professional services that may be needed for EDARC or economic development purposes (appraisals, etc.). I took the opportunity to revise the 1998 budget based upon the actual 1997 fund balance. I have included an additional $500 for printing of the business to business directory. These are the changes to the 1998 budget. Ann Pitinga informed me that I am to get a copy of the 1999 budget to EDARC members prior to September 15th. Since we will not meet again prior to that date, I am requesting a review of the 1999 budget. The proposed 1999 budget is shown in the last column. Suggested AdditionallVlotion: "I move to recommend to City Council the revised 1998 budget and proposed 1999 budget as shown on the attached budget sheet."