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HomeMy WebLinkAbout12/07/2004 ORIGINAL MINUTES OF WHEAT RIDGE URBAN RENEWAL AUTHORITY December 7, 2004 5:30 p.m. 1. CALL THE MEETING TO ORDER The meeting of the Wheat Ridge Urban Renewal Authority meeting was called to order by Chair Williams at 5:35 p.m. in the council chambers of the Municipal Building, 7500 West 29th Avenue, Wheat Ridge, Colorado. 2. ROLL CALL OF MEMBERS Commissioners present: Janet Leo Tom Mallinson Terrell Williams Pete Ziemke Also attending: Alan White, WRURA Executive Director Corey Hoffmann, WRURA Attorney Charles Durbin, 3703 Ames St. Robert Wallace, 3749 Sheridan Blvd. Ann Lazzeri, Recording Secretary 3. APPROVAL OF MINUTES It was moved by Pete Ziemke and seconded by Janet Leo to approve the minutes of November 16, 2004 as presented. The motion passed unanimously. 4. PUBLIC FORUM Charles Durbin 3703 Ames Mr. Durbin asked if the Authority had submitted a response to Cornerstone Development. Corey Hoffmann replied that a response would be made by December 30. Robert Wallace 3749 Sheridan Mr. Wallace inquired about the status of his expenses submitted to the Authority. Since neither he nor his attorney have been assured that his first bill will be honored in its entirety, he assumed the Authority wanted this matter settled in court. Chair Williams advised Mr. Wallace that the Authority does not yet know the status and will receive information regarding this matter during this evening's executive session. Mr. Wallace would be advised of the Authority's decision following executive session. WRURA Minutes 12-07 -04 Page 1 5. NEW BUSINESS A. Resolution 04-2004 - Approving Supplemental Budget for 2004 and Enacting a Budget for 2005. Alan White presented this item and reviewed the budget as contained in the staff report. He noted one change should be made to show a transfer from Fund 37 in an amount of $25,000 to the 2005 budget. Chair Williams opened the public hearing on the resolution adopting a supplemental budget for 2004 and a budget for 2005. Charles Durbin . He questioned whether the transfer amount from Fund 37 and transfer to Fund 38 should be the same amount of $84,722. Alan White agreed this was an oversight and the amounts should match in the amount of $84,722. . He questioned whether the Walgreens Project Fund should be Fund 38 rather than 37. Alan White explained that the Walgreens code should be 37-500 and the Town Center fund should be 37-120. . He questioned why the fund balance was added into Revenues. Alan White agreed that this should be corrected; however, the ending fund balance is correct as shown. . He asked about compensation to landowners and whether the amount should be shown in 2004 or 2005. Chair Williams explained that compensations settled this month will show in 2004, otherwise they will roll over into 2005. . He asked about the sale of property listed at $210,000. Chair Williams explained that this was a conservative estimate including commissions, etc. In its current state, it is difficult to appraise and at this point the true value of the property is not known; however, the Authority felt it was important to place it on the market as soon as possible. The Authority expressed appreciation for Mr. Durbin's research and observation skills and suggested that he might consider serving on a city board or commission. There was a consensus of the Authority to have Alan White make the aforementioned changes to the budget and bring back a corrected copy to the Authority before taking a vote on the resolution. 6. EXECUTIVE SESSION It was moved by Janet Leo and seconded by Pete Ziemke that the Wheat Ridge Urban Renewal Authority enter into an executive session on December 7, 2004, WRURA Minutes 12-07 -04 Page 2 under CRS Section 24-6-402(4)(b) for the purpose of receiving legal advice regarding specific legal questions regarding the terminated 38th A venue and Sheridan Boulevard redevelopment project. The motion passed unanimously. The regular meeting was adjourned at 6:09 p.m. The executive session was convened in the lobby conference room at 6:12 p.m. Those present for the executive session were as follows: Janet Leo, Torn Mallinson, Terrell Williams, Pete Ziemke, Alan White, Corey Hoffmann, and Ann Lazzeri. The executive session was adjourned at 6:35 p.m. 7. RECONVENE REGULAR MEETING The regular meeting was reconvened at 6:37 p.m. 8. CONTINUE NEW BUSINESS . Copies of the amended budget were given to Authority members. It was moved by Tom Mallinson and seconded by Janet Leo to approve Resolution 04-2004 approving the Supplemental Budget for 2004 and enacting a Budget for 2005. The motion passed unanimously. . Chair Williams informed Mr. Wallace that the Authority gave direction for its attorneys to contact Mr. Wallace's attorney to arrive at a point of resolution this week. If an agreement could be reached this week, funds would be released to Mr. Wallace next week. . It was moved by Pete Ziemke and seconded by Janet Leo to authorize the Authority's attorney to file whatever counterclaims he deems necessary in the Cornerstone lawsuit. The motion passed unanimously. 8. ADJOURNMENT It was moved by Tom Mallinson and seconded by Janet Leo to adjourn the meeting to January 4, 2005 unless there is a need to hold a special meeting before that date. The motion passed unanimously. The meeting was adjourned at 6:42 p.m. ~1M@G<:t1~ ~~ . Ann Lazzeri, S~r Terrell Williams, Chair WRURA Minutes 12-07-04 Page 3