HomeMy WebLinkAbout11/05/2003
ORIGINAL
MINUTES OF
WHEAT RIDGE URBAN RENEWAL AUTHORITY
November 5, 2003
1. CALL THE MEETING TO ORDER
The Wheat Ridge Urban Renewal Authority meeting was reconvened 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.
2. ROLL CALL OF MEMBERS
Commissioners present:
Vance Edwards
Mary Hashem
Elwyn Kiplinger
Terrell Williams
Commissioners absent:
Norm Burkpile (excused)
Janet Leo ( absent)
Tom Mallinson (excused)
Also attending:
Alan White, WRURA Executive Director
Kathy Field, Recording Secretary
2. APPROVAL OF MINUTES
There being no additions or corrections, the minutes of October 21, 22 & 27, 2003
were approved as written.
3. PUBLIC FORUM
No one indicated a desire to address the Authority.
4. EXECUTIVE SESSION
It was moved by Vance Edwards and seconded by Terrell Williams to
adjourn to executive session under C.R.S. Section 24-6-402(4)(e) for the
purpose of determining matters that may be subject to negotiations,
developing strategy for negotiations and/or instructing negotiators regarding
financing for the 38th Avenue & Sheridan Boulevard redevelopment project.
The motion passed unanimously.
The regular meeting was recessed to executive session at 5:50 p.m. The executive
session was convened at 5:55 p.m. The executive session was adjourned at 6:50.
The regular meeting was reconvened at 6:52 p.m.
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Those attending the executive session were: Vance Edwards, Tom Mallinson,
Mary Hashem, Elwyn Kiplinger, Terrell Williams, Alan White, Jim Windholz,
and Kathy Field.
5. NEW BUSINESS
A. Approval of Financinl!: Al!:reement
Jim Windholz presented this resolution which was reviewed by the Authority
during the executive session. He stated that the changes will be submitted to the
lender tomorrow for consideration and the final document should be ready for
execution by the Authority chair tomorrow or Friday.
It was moved by Vance Edwards and seconded by Terrell Williams to adopt
Resolution No. 05-2003, approving, with changes, the note and financing
agreement with Cornerstone Group XXII, LLC for the development of the
Walgreens project. The motion passed unanimously.
B. Approval of 3'd Amendment to DDA
Chair Hashem explained that this resolution would amend the schedule of
performance and authorize the extension of a financing date to November 15,
2003 and extension ofthe closing date to May 1,2004.
It was moved by Terrell Williams and seconded by Vance Edwards to adopt
Resolution 06-2003 approving the 3'd Amendment and all previous
amendments to the Disposition and Development Agreement with
Cornerstone Group. The motion passed unanimously.
OTHER MATTERS
Eminent Domain Attornev
Jim Windholz advised the Authority that he had conferred with Don Ostrander, an
attorney specializing in eminent domain. He requested authorization to retain Mr.
Ostrander to work with WRURA until the next meeting when a formal resolution
authorizing retention of Mr. Ostrander will be adopted.
It was moved by Vance Edwards and seconded by Elwyn Kiplinger to
authorize Jim Windholz to retain Don Ostrander as an eminent domain
attorney for the Urban Renewal Authority. The motion passed unanimously.
Jim Windholz explained that Mr. Ostrander would recommend a person to serve
as a right-of-way agent who would negotiate relocation and/or eminent domain
with property owners. Mr. Windholz asked the Authority for authorization to
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work with this person until the next meeting when a formal resolution will be
adopted.
There was a consensus to wait until a later date to authorize a right -of-way agent.
End of Terms
Since his council term as well as his membership on the Urban Renewal
Authority was ending, Vance Edwards stated that he had enjoyed working with
members of the Authority and expressed his appreciation for their hard work and
dedication.
Although Elwyn Kiplinger had previously announced he would not be re-applying
to serve on WRURA after this date, he offered to continue to serve until his
replacement is appointed. His offer was accepted by the Authority.
6. ADJOURNMENT
The meeting was adjourned by Chair Hashem at 7:02 p.m.
If o.<-y4 ~
Mary Hashem, Chair
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Kathy Field, ecretary
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