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HomeMy WebLinkAbout11/06/2007 MINUTES WHEAT RIDGE URBAN RENEWAL AUTHORITY November 6, 2007 ORIGINAL 1. CALL THE MEETING TO ORDER The meeting of the Wheat Ridge Urban Renewal Authority was called to order by Chair Williams at 6:05 p.m. in the council chambers of the Municipal Building, 7500 West 29th Avenue, Wheat Ridge, Colorado. 2. ROLL CALL OF MEMBERS Authority Members Present: Rick Adams James Bahrenburg Walt Pettit Tom Radigan Larry Schulz Terrell Williams Authority Members Absent: Janet Leo Also attending: Patrick Goff, Deputy City Manager Corey Hoffinann, WRURA Attorney Ann Lazzeri, Secretary 3. APPROVAL OF MINUTES - October 2, 2007 It was moved by James Bahrenberg and seconded by Larry Schulz to approve the minutes of October 2, 2007. The motion passed unanimously. 4. PUBLIC FORUM There was no one present to address the Authority. 5. NEW BUSINESS A. Staff Updates . Corey Hoffinann reported that the Supreme Court has not yet reached a decision on the Cornerstone case. . Patrick Goff reported that City Council approved an ordinance regarding the Urban Renewal Authority. The ordinance was approved with language recommended by the Authority: Non-resident WRURA Minutes - 1 - November 6, 2007 individual who owns an interest in or is a corporate officer of a licensed business in good standing located within the City. . Patrick Goff reported that Wheat Ridge 2020 has turned over the option for a second property at 44th and Wadsworth, known as the Antique Mall. This option is good until January 31, 2008. . Patrick Goff reported that negotiations are still under way with First Bank for property acquisition financing. Wheat Ridge 2020 is not in favor of using property as collateral against the loan. Meetings will be held with Jefferson County and Colorado Housing Financing Authority to explore different financing options. . Patrick Goff reported that Wheat Ridge Cyclery has requested an extension of the deadline for completion of eligible improvements. The work is in progress and expected to be completed by December 1, 2007. It was moved by Walt Pettit and seconded by James Bahrenberg to approve Resolution No. 04, Series of 2007, a resolution of the Wheat Ridge Urban Renewal Authority extending the deadline for completion of the eligible improvements by Wheat Ridge Cyclery. The motion passed unanimously. B. Completion of Phase I Environmental Assessment - 44th and Wadsworth A Phase I Environmental Site Assessment (ESA) of properties located at 7340 and 7540 West 44th Avenue was completed. Based on conditions identified during the Phase I process, a soil and groundwater investigation (Phase II ESA) is recommended to evaluate potential impacts to the subject property. It is estimated that a Phase II environmental assessment would take about two months. The Phase I ESA was paid for through a grant and there should be enough grant money left to pay for a Phase II ESA There was a consensus to find out what a Phase II ESA will cost and see if the grant money will cover the cost. WRURA would then request Wheat Ridge 2020 to extend both options until March 1. It will be necessary to formally adopt a resolution containing all these provisions at the next WRURA meeting. WRURA Minutes - 2- November 6, 2007 C. 2008 Budget Discussion The proposed 2008 WRURA budget was reviewed and discussed. Terrell Williams suggested that the proposed budget amount of $1 ,000 be increased to $2,000 for Conferences and Meetings. Final consideration and adoption of the budget will occur at the December meeting. 6. ADJOURNMENT The meeting was adjourned at 7:11 p.m. The next meeting will be held December 4, 2007. ~7Uft~ Terrell R. Williams, Chair ~ WRURA Minutes - 3 - November 6, 2007