On Tuesday, September 5, 2023, the Central City Urban Renewal Authority met in the Council Chambers at City Hall in Central City for their second meeting. Roll call revealed all were present: Chair Jeremy Fey, Kara Tinucci, Jeff Aiken, Marcia Enloe, Todd Williams, April Nielsen, and Joe Stranaly. Staff present included City Manager Daniel R. Miera, City Attorney Marcus McAskin (virtual), Community Development Director Lisa Roemhildt, Finance Director Abigail Robbins, and Special Counsel Carolynne White of Brownstein Hyatt Farber Schreck, LLP.

Public Hearing: Consideration of Resolution CCURA No. 23-05, adopting a budget for the calendar year beginning the first day of 2023 and ending the last day of December 2024.

White introduced the CCURA budget process, followed by a presentation by Miera. They discussed revenues, operating expenses, and capital improvements for 2023 and 2024.

Following the presentation, the Board discussed the resolution. Williams inquired regarding proposed grant revenue for 2024. Miera explained the difference between a grant versus a loan.

Aiken asked about issuing bonds and debt. Miera responded that until there is a recurring source of revenue, this is not something the CCURA is set up for at this time.

Nielsen inquired about the proposed $250,000 in the capital outlay budget. Miera responded that there was no specific project identified at this time, but this could include infrastructure improvements and other capital projects. Further, Nielsen wanted to know the difference between contract services, professional services, and administrative services. Examples of each were discussed.

Stranaly inquired about the funding source. Miera responded that the City will likely include “seed money,” as presented under the grant revenue line item, in the amount of $500,000, which comprises all of the total revenue. The CCURA is newly established and there are more details to come regarding future operational expenses and projects.

The 2024 budget will be formally considered on December 5, 2023.

General Business: Consideration and approval of Resolution CCURA No. 23-06, approving an intergovernmental agreement between the City of Central and the City of Central Urban Renewal Authority regarding coordination of staffing and services.

White introduced the agenda item and explained the proposed intergovernmental agreement (IGA). The IGA creates a framework for coordination of staffing and services between the City and the CCURA.

Nielsen inquired on the cost associated with “undertakings and activities.” White responded that this language is from the state statute, but this could include commissioning feasibility studies or financial analyses. It could also mean physical capital improvements (i.e., flowers, street furniture).

Williams moved to approve Resolution CCURA No. 23-06, seconded by Enloe, and the motioned carried unanimously.

Discussion on urban renewal projects: City staff is requesting direction on the Request for Proposal (RFP) process for renewal projects. White provided a sample RFP for a renewal project from another community, and Miera explained that the City has received calls from a number of property owners with interest in developing their property with support from the CCURA.

This was followed with a discussion by the CCURA Board.

The CCURA Board generally provided the following direction with regards to a prospective RFP:

• Consistency with the Urban Renewal Plan and Comprehensive Plan;

• Commercial development and mixed-use development; and

• Include Plan Area No. 1 as a whole.

Adjourn: Tinucci moved to adjourn the meeting at 6:35 p.m., seconded by Williams and the motion carried unanimously.

The next CCURA meeting will be held on November 7, 2023, at 5:30 p.m. preceding the City of Central City Council Meeting and will be held in the Council Chambers at City Hall located at 141 Nevada Street, Central City, Colorado.