RECORD OF PROCEEDINGS

Transcription

1 MINUTES OF A REGULAR MEETING OF THE BOARD OF DIRECTORS OF THE CENTRAL PLATTE VALLEY METROPOLITAN DTSTRTCT Held: Tuesday, June 2, 2015, at 9:00 an. at 1641 California Street, Suite 300, Denver, Colorado Attendance A regular meeting of the Board of Directors of the Central Platte Valley Metropolitan District was called and held as shown above and in accordance with the applicable laws of the State of Colorado. The following directors were in attendance at the meeting: Amy Cara Dan Schuetz Director Cannon was not present but his absence was excused. Also present were: Brad Neiman, Miller & Associates Law Offices, LLC; Bob Blodgett and Debbie Sedgeley, CliftonLarsonAllen, LLP; AJ Zabbia, 68West, Inc.; David Ballinger and Charlie Hunt, Downtown Denver Partnership; David Booth, East West Urban Management; and Craig Little, Mountain High Tree, Lawn and Landscape. Call to Order I Declaration of The meeting convened and Director Cara noted that a quorum Quorum of the Board was present and that the directors had confirmed their continuing qualification to serve, and, therefore, called the meeting of the Board of Directors of the Central Platte Valley Metropolitan District to order. Disclosure Matters The Board was advised that, pursuant to Colorado law, certain disclosures by the directors may be appropriate prior to taking official action at the Written disclosures of the interests of all directors were filed with the Secretary of State and the District prior to the The directors then reviewed the agenda for the meeting and previous written disclosures. 1 Director Cam disclosed that she is an owner of property located in the District and that she is employed by East West Partners, a developer within the District (Union Center, LLC, 16 Chestnut Development, LLC, Central Platte Valley Management, LLC, and Parkside at Riverfront Park, LLC). She also disclosed that she is on the boards of the Union Station Metropolitan Districts 1-5 and Central Platte Valley Coordination Metropolitan District. She also disclosed that she is a member of the

2 Riverfront Park Community Foundation, chair ex-officio of the Board of Directors of PlatteForum, and treasurer of the Railyard Dogs. This disclosure is associated with the approval of items on the agenda that may affect her interests. Director Schuetz disclosed his interests as an owner of property located in the District and an employment relationship with the Nichols Partnership. He also disclosed that he is on the board of the Central Platte Valley Coordination Metropolitan District. This disclosure is associated with the approval of items on the agenda that may affect his interests. Written disclosures of the interests of all directors were filed with the Secretary of State and the District prior to the Public Comment Discuss Board Vacancies There was no public com ment at this time. The Board discussed its two current vacancies and reviewed the formal responses that it has received from interested property owner representatives within the District. The Board had received fonnal responses from Mr. Josh Fine (representing Focus Property Group), Mr. Erik Hagevik (representing Holland Partners), Mr. Jay Lamnbiotte (representing the 16 Chestnut parcel and the City House project), and Mr. Derrick Walker (representing Infield Development. Upon motion by Director Schuetz and second by Director Cara, the Board unammously approved the appointment of Mr. Walker and Mr. Lambiotte to the Board, subject to confirming that each individual is a qualified elector of the District. Assuming that Mr. Walker and Mr. Lambiotte are qualified, the Board will appoint them to the Board of Directors at its July, 2015, regular Approval of Consent Agenda The following items were unanimously approved by the Board after a motion from Director Schuetz and a second from Director Cara: (1) Review and approve of minutes of the May 5, 2015, Regular Meeting; (2) Approve Cash Position, Accept April 30, 2015, Financial Statements and Approve Current Claims; (3) Accept Information Items; and (4) Ratify Approval of Termination and Release of License Agreement with Parkside Townhomes, LLC. \ Discussion Agenda Pursuant to the agenda and at the request of the Directors, the following items were discussed separately: Financial Items 2

3 A. Review 2014 Draft Ms. Sedgeley presented, and the Board reviewed, the revised Audit 2014 audit for the District. Upon motion by Director Schuetz and second by Director Cara, the Board unanimously approved the 2014 audit, subject to any further non-material revisions that may be required prior to filing. Manager's Items A. Website Update Director Cara provided a brief update to the Board concerning the status of the District's updated website. Director Cara is close to finalizing the content for the website, as she only needs: 1. An updated transparency notice to upload; and 2. A summary sheet detailing the cash flow for the District. Director Cara will send the website language to Mr. Blodgett and Mr. Neiman prior to activating the website. Mr. Blodgett will provide an update at the next Engineer's Report - AJ Zabbia A. Construction Projects 1. WewattaBOC Landscaping (I 8th to 201h) estimated completion Spring, 2015 Mr. Zabbia noted that the remaining concrete should be poured by the end of this week and that the payers are cunently being installed. The trees should be planted by the end of this month, weather permitting. Mr. Zabbia added that the entire project should come in under budget. Mr. Zabbia will provide an update at the next 2. Millennium Bridge Mr. Zabbia is coordinating with Kiewit to finish the rust Coating and Rust removal project. Mr. Zabbia will provide an update at the next Removal B. Status of Warranty Mr. Zabbia noted that the warranty bond!restoration fee process Bonds/Restoration is complete for the 16th and Wewatta project and Continuum Fees has provided the necessary warranty bond. 1. Continuum (1 and Wewatta) C. Status of Millennium Mr. Zabbia informed the Board that Encore Electric has ordered Bridge Lighting the requested luminaires and will obtain pentitting from BNSF Railroad upon their delivery. It is expected that the lights will be installed and reprogrammed by the end of June, Mr. Zabbia reminded the Board that all of this work is fully under warranty. Mr. Zabbia will provide an update at the next

4 RECORI OF PROCEEDINGS D. Discussion Regarding Mr. Zabbia advised the Board that the District currently has Possible Advance and budgeted amounts to finalize the back-of-curb improvements Reimbursement that are located adjacent to three currently under-development Agreements for Back projects by Integral, Holland and Hensel Phelps. Mr. Zabbia has of Curb Improvements been communicating with the various developers to apprise them of the situation. It is anticipated that, if and when it is 1. Integral appropriate, the District will enter into agreements with each of 2. Holland the respective developers whereby the District will reimburse 3. Hensel Phelps the budgeted funds to the appropriate developer and the developer will construct and install the necessary back-of-curb improvements on the District's behalf and in accordance with the District's specifications and designs. Mr. Neiman noted that a similar arrangement was entered into for the City House project on 19th Street and Chestnut Place. The Board discussed the proposal and directed Mr. Zabbia and Mr. Neiman to present the appropriate agreement(s) to the Board when/if appropriate. Attorney's Items A. Consider Approval of Agreement Regarding Permanent Railing Along Frontage of th Street with Commons 19, LLC for Potbelly Sandwich Shop B. Consider Approval of Agreement Regarding Permanent Railing Along Frontage of t900 16th Street with Commons 19, LLC for Honor Society Mr. Neiman presented to the Board license agreements for patio railings that the property owner of the Potbelly sandwich sho and the Honor Society restaurant, each located at 1900 l6 Street, xvishes to install in the public right-of-way. After discussion, and upon motion by Director Schuetz and second by Director Cara, the Board unanimously approved the license agreements, subject to final legal and engineering review. Director Cara directed Mr. Neiman to draft language for a letter to be disseminated to the various property owners within the District advising them of the District's requirements should they wish to install patio railings in the public right-of-way. Director Items There were no director items at this time. Other Business A. Confirm Quorum for July 7,2015 Regular 4 The Board unanimously confirmed a quorum for its July 7, 2015, regular

5 Board Meeting XIV. Adjournment There being no further business to discuss, upon motion and second, the Board unanimously voted to adjourn the Secretary for the Meeting