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HomeMy WebLinkAbout04/15/2008 ORIGINAL MINUTES WHEAT RIDGE URBAN RENEWAL AUTHORITY Aprill5, 2008 1. CALL THE MEETING TO ORDER The meeting of the Wheat Ridge Urban Renewal Authority was called to order by Chair Williams at 6:05 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 Janet Leo Walt Pettit Tom Radigan Larry Schulz Terrell Williams Also attending: Patrick Goff, Deputy City Manager Corey Hoffmann, WRURA Attorney Sally Tasker, Sherman & Howard (left meeting at 7:00 p.m.) Rob Osborn, Executive Director WR2020 (arrived at 7:00 p.m.) Ann Lazzeri, Recording Secretary 3. APPROVAL OF MINUTES - Aprill, 2008 Terrell Williams requested an amendment to the fourth paragraph of page three of the minutes. The next to last sentence of this paragraph should read: "There is no evidence to show that there was not an intent to transfer this piece of property to Mr. Karl." There were no further corrections. The minutes of Aprill, 2008 stood approved as amended. 4. PUBLIC FORUM Charles Durbin was present but did not speak. WRURA Minutes - 1 - Aprill5, 2008 5. NEW BUSINESS A. Executive Sessiou It was moved by Jauet Leo aud seconded by Larry Schulz to euter iuto executive sessiou to consider the purchase, acquisition, lease, trausfer or sale of real, personal or other property pursuant to c.R.S. Section 24-6-402(4)(a). The motion passed uuauimously. The regular meeting was adjourned to executive session at 6: 11 p.m. The executive session was convened at 6:12 p.m. The executive session was adjourned at 6:56 p.m. The regular meeting was reconvened at 6:58 p.m. B. Resolutiou No. 4-2008 - A resolution of the Board of Commissiouers of the Wheat Ridge Urban Renewal Authority authorizing and approving a loan from FirstBank of Wheat Ridge to purchase land for urban renewal purposes and directing the execution and delivery by the Authority of a promissory note in the original principal amount of $3,285,000, approving documents in connection therewith, and ratifying prior actions. As a result of the executive session, a second addendum became necessary. Corey Hoffmann explained that the addendum is an indemnity by Mr. Karl that none of the leases on the property are more than a month- to-month basis and that the title company will insure any leases that exist in excess of the month-to-month indemnity and affidavit provided by Mr. Karl. Item B (1)--1t was moved by Rick Adams and seconded by Walt Pettit to approve a second addendum to the contract to buy and sell real estate made this 15th day of April 2008 betweeu Wheat Ridge Urbau Renewal Authority and Milloie E. Karl of Bailey, Colorado. The motiou passed unanimously. It was moved by Larry Schulz and seconded by James Bahrenburg to approve resolution No. 4-2008 A resolution of the Board of Commissioners of the Wheat Ridge Urban Renewal Authority authorizing and approving a loan from FirstBank of Wheat Ridge to pnrchase land for urban renewal purposes and directing the execution and delivery by the Authority of a promissory note in the original principal amount of $3,285,000, approving documents in conuection therewith, and ratifying prior actions. The motion passed 6-1 with Tom Radigan voting no. WRURA Minutes - 2 - April 15, 2008 (The regular meeting was recessed at 7:02 p.m. and reconvened at 7:16 p.m.) C. Next steps in the 44th Avenue and Wadsworth Boulevard redevelopment plan - Rob Osborn Patrick Goff invited Rob Osborn to address the Authority regarding the next steps to be taken in the 44th and Wadsworth redevelopment plan. Wheat Ridge 2020 would act as WRURA's agent for the redevelopment to advertise the property. Mr. Osborn congratulated the Authority for taking the step to purchase the property at 44th and Wadsworth. To promote redevelopment of this site, he and a team ofWR2020 and City employees will attend the International Shopping Center Conference (ICSC). WR2020 will investigate all resources for redevelopment of the site in order to give recommendations to WRURA. It is proposed to rezone the 44th and Wadsworth area. Nearly all of the property owners in the area have been contacted and all are supportive of a rezone. WR2020 would initiate the rezone. Planned Mixed Use Development is being considered. Developers would be requested to form a metro district. WR2020 is working with professors from Denver University to provide some vision for the area that would be consistent with the Wadsworth Subarea Plan. In response to a question from Walt Pettit, Mr. Osborn stated that he has not yet held discussions with residential property owners on the east side of Upham Street. Rick Adams commented that WRURA is not interested in taking any property but simply selling what it already has. Mr. Osborn stated that meetings have been held over the last several months with developers who have expressed excitement about the commitment made by WRURA. He suggested that an agreement be drafted that outlines ways WRURA and WR2020 would work together in development of the area. In response to a question from Tom Radigan, Mr. Osborn stated that WR2020 has been working with five developers for the area. He explained that attendance at the ICSC will not only be to promote the 44th and Wadsworth area but several other areas in the city. There was a consensus to have a draft legal agreement drawn up regarding relationship between WRURA and WR2020 in redevelopment of the 44th and Wadsworth area. WRURA Minutes - 3 - April 15, 2008 D. ADJOURNMENT The meeting was adjourned at 7:50 p.m. ,-- Terrell R. Williams, Chair WRURA Minutes -4- April 15, 2008