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HomeMy WebLinkAbout01/29/2008 ORIGINAL MINUTES WHEAT RIDGE URBAN RENEWAL AUTHORITY January 29, 2008 1. CALL THE MEETING TO ORDER The meeting of the Wheat Ridge Urban Renewal Authority was called to order by Chair Williams at 6:00 p.m. in the council chambers ofthe Municipal Building, 7500 West 29th Avenue, Wheat Ridge, Colorado. 2. ROLL CALL OF MEMBERS Authority Members Present: Rick Adams James Bahrenburg Janet Leo Wall Pettit Tom Radigan Larry Schulz Terrell Williams Also attending: Patrick Goff, Deputy City Manager Jeff Parker, WRURA Attorney Ann Lazzeri, Secretary 3. APPROVAL OF MINUTES - December 17, 2008 There being no additions or corrections, the minutes of December 17, 2007 were accepted as presented. 4. PUBLIC FORUM Charles Durbin was present and inquired about the status of the Cornerstone litigation. Jeff Parker stated that there was nothing new to report at this time. 5. NEW BUSINESS A. Report on Inspection for Asbestos Containing Material and Lead Based Paint at 7340 West 44th Avenue Patrick Goff reported that, upon inspection of the property at 7340 West 44th Avenue, HWS Consulting Group found that there are asbestos containing materials in the building and assumes that PCB and mercury exist in the lamp ballasts and fluorescent tubes. The HWS report also contained recommendations for abatement of the materials prior to demolition of the building. Their estimates for removal of the materials ranged from $180,000 to $265,000. WRURA Minutes - 1 - January 29, 2008 Mr. Goff stated that HWS expressed some concern about the Authority purchasing the building while the contaminants are present and suggested that the Authority continue to work with an environmental attorney for advice in this regard. B. Appraisal Report for Properties Located at 7340 and 7540 West 44th Avenue Patrick Goffreported on the appraisal results. The results showed an appraisal value for the Karl property at 7340 West 44th A venue at $1,470,000 and the Vohoska property at 7540 West 44th Avenue at $1,185,000. Appraisal value as a contiguous site for both properties was $2,885,000. In response to a question from Tom Radigan, Mr. Goff replied that these figures represented assemblage appraisals. Walt Pettit questioned whether the statement "all facilities are available" contained on page three of the appraisal was correct. Terrell Williams pointed out that all facilities are available as combined properties; however, as separate properties, facilities are available for only one. Walt Pettit pointed out an error that should be corrected on page 24 of the appraisal it says all public utilities are available with the City of Wheat Ridge providing water and sewer. C. Commercial Lease between WRURA and the Stage Stop Antique Mall, LLC Milloie Karl, owner of Stage Stop Antique Mall located at 7340 West 44th Avenue, has expressed an interest in leasing back this property once the property is acquired by WRURA. Authority members discussed the first draft of a commercial lease agreement drafted by Jeff Parker. Patrick Goff summarized the changes requested by Mr. Karl after his initial review of the lease. In response to questions from Tom Radigan, Patrick Goff stated that the agreement provides for the tenant to continue to operate in the same manner as an antique mall. There was discussion regarding WRURA's exposure as a landlord of a building with asbestos contamination. Jeff Parker will look into this matter. These questions would also be posed to the environmental attorney. WRURA Minutes - 2- January 29, 2008 Direction was given to Jeff Parker and Patrick Goff to continue negotiating the lease and further investigate the liability and assignability issues for discussion at the February 5th WRURA meeting. D. Property Acquisition Financing 1 st Bank of Wheat Ridge and First Community Bank of Lakewood have both submitted commitment letters for the purpose of providing financing for the acquisition of properties at 7540 West 44th Avenue and 7340 West 44th Avenue. Patrick Goff reviewed the proposals offered by these banks. Both banks have indicated a willingness to discuss terms and conditions in greater detail and have offered flexibility with loan terms. Discussion of some issues involved with the proposals will take place in executive session. E. Referral regarding proposed Special Use Permit at 5850 West 38th Avenue The Community Development Department has received a request for a special use permit at 5850 West 38th Avenue for a body art establishment. This location is within the 38th Avenue Redevelopment Plan, therefore, WRURA is charged with determining whether or not this use fits in with the Urban Renewal Plan. Walt Pettit disclosed that he lives in the subject neighborhood and is adamantly opposed to a special use being granted for this purpose. He has attended a neighborhood meeting regarding the proposed use. Jeff Parker advised Mr. Pettit to abstain from voting on this matter. Janet Leo commented that this use might not discourage business retention but would definitely discourage new development. Rick Adams commented that an empty building doesn't encourage business retention. It was moved by Janet Leo and seconded by James Bahrenburg that the Wheat Ridge Urban Renewal Authority finds the use proposed at 5850 West 38th Avenue appears to NOT be consistent with the 38th Avenue Redevelopment Plan. The Authority's concerns are that the requested use may not encourage retention and enhancement of new businesses and does not enhance the area. The motion carried 4 to 2 with Walt Pettit abstaining. WRURA Minutes - 3 - January 29,2008 6. EXECUTIVE SESSION It was moved by Larry Schulz and seconded by Walt Pettit that the Wheat Ridge Urban Renewal Authority hold an executive session on January 29, 2008 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 passed unanimously. The regular meeting was adjourned to executive session at 7:48 p.m. The executive session convened at 7:50 p.m. and adjourned at 9:06 p.m. The regular meeting was reconvened at 9:06 p.m. 7. ADJOURNMENT The regular meeting was adjourned at 9:07 p.m. The next meeting will be held February 5, 2008. ~-- Terrell R. Williams, Chair ~ L ~~: Ann Lazzeri, Recordmg ecretary WRURA Minutes - 4- January 29,2008