Town of Erie Board of Trustees

Erie Board of Trustees Action Items
June 14, 2016

Board Presented with the 2015 Comprehensive Annual Financial Report

During Tuesday night’s meeting, Town of Erie Finance Director Steve Felten presented the Board of Trustees with the 2015 Comprehensive Annual Financial Report (CAFR).  The audit of the financial statements for the year ended December 31, 2015, was performed by CliftonLarsonAllen (CLA).  The CAFR is prepared in accordance with generally accepted accounting principles as issued by the Governmental Accounting Standards Board. The objective of the audit performed by CLA was to provide assurance that the CAFR is in conformity with those standards in all material respects. CLA issued an unqualified opinion on the Town's financials for 2015, a so-called "clean" opinion.

Statement of Net Position:  Over time net position may serve as a useful indicator of a government’s financial position. As of December 31, 2015, the Town’s net position (assets and deferred outflows of resources less liabilities and deferred inflows of resources) was $284.5 million, an increase of $6.6 million over the total at December 31, 2014. The Town reported positive balances in net position for both governmental and business-type activities. Net position increased by $3.4 million in its governmental activities and $3.2 million in its business-type activities.

View the complete 2015 CAFR here.

Board Approves Erie Highlands Preliminary Plat and Rezoning

The Board approved the Erie Highlands Preliminary Plat No. 2 which outlines the next phase of development for the neighborhood located south of Erie Parkway; East of Bonanza Drive and, West of Weld County Road 5.  Preliminary Plat No. 2 includes 230 single family lots with an average range in lot size from approximately 5,000 square feet to approximately 8,000 square feet. The Preliminary Plat also includes a Homeowners Association lot that will accommodate a pool site; an elementary school site for St. Vrain Valley School District; a neighborhood park dedication; public open dedication; pocket park and an 87 acre tract for future development.

Development Information:
  • Preliminary Plat Size: 212 acres                                                            
  • Maximum# Dwelling Units Allowed per PUD: 978 dwelling units
  • Number of Single Family Lots - Proposed:  230 lots
  • 1 Homeowners Association Lot for a Pool: 1.5 acres
  • 1 Elementary School Site (SWSD): 10 acres
  • Open Space Dedication: 30.5 acres
  • Neighborhood Park Dedication: 8.3 acres
  • Pocket Park: 1.9 acre
  • Other HOA Landscape/Utilities: 19.1 acres
  • Future Development: 86.9 acres 
 
In separate actions, the Board approved the Erie Highlands Zoning Map Amendment No. 1, Rezoning which will adjust boundaries of the existing zone districts and an ordinance regarding the Erie Highlands PUD Zoning Map Amendment No. 1, Rezoning, adopting certain findings of fact and conclusions favorable to the Planned Unit Development Overlay Rezoning.  

Board Awards Construction Contract for Street Maintenance

The Board approved a construction contract for the 2016 Street Maintenance Program in the amount not to exceed $717,800.  The purpose of this program is to protect and preserve the value of the Town’s street assets and to maintain their safety and drivability. Maintaining the Town's streets is important for public safety and as a means to extend the useable life of the streets. This also keeps with the Town's commitment to perform preventative maintenance of our infrastructure.  For 2016, Staff requested bids for a hot chip seal on Weld County Road (WCR) 3 from State Highway 52 south to WCR 10.5, then turning west on WCR 10.5 to County Line Road.

BACKGROUND: Hot Chip Seal is a surface treatment that combines a Chip Seal and a thin lift of open graded friction course providing a double application of material. The Chip Seal provides a waterproof membrane and the Hot Chip Seal provides a strong wearing surface that will improve the profile of the existing asphalt. A hot chip seal will bring the roadway back to a Remaining Service Life of 20 years.

Board Awards Consulting Agreement for Transportation Master Plan Update

The Board awarded a consulting agreement to Felsburg Holt & Ullevig, Inc., for the Transportation Master Plan Update in the amount of $94,780. The Town's current Transportation Master Plan, dated January 2008, was prepared in conjunction with the 2005 Comprehensive Plan Update, and was finalized January, 2008. Traffic projections were based on the 2007 Development Plan. Since that time there have been several updates to the development plan, and the Comprehensive Plan was updated in December, 2015; however, the 2015 Comprehensive Plan update did not include a Transportation Master Plan update.

More Information & Upcoming Meetings

View complete June 14, 2016 Board of Trustees Meeting Packet here.

The next regularly scheduled Board of Trustees meeting is scheduled for Tuesday, June 28, 2016 at 6:30 p.m.  All meetings are held in the Town Hall boardroom located at 645 Holbrook Street in Erie.

Board of Trustees Action Items are brief summaries of some, but not all, agenda items and do not serve as the official meeting minutes.  Select this link to view archived Board of Trustees meeting online via the On Demand Video service.  To request approved meeting minutes of Board of Trustees meetings, please contact the Town Clerk’s Office at nparker@erieco.gov.

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