Woodland Park DDA treasurer Tony Perry tenders resignation after bank funding issue

Treasurer Tony Perry told the Woodland Park Downtown Development Authority on Saturday that he is resigning after learning his bank may participate in funding the Woodland Station project — a step he said he promised would prompt his departure.

"So as of today, I am tendering by resignation," Treasurer Tony Perry said during the meeting after describing prior comments he had made about stepping down if his bank were to participate in funding Woodland Station. Perry said he had previously pledged to resign in that circumstance and that appearance and transparency matter.

Perry also summarized recent financial activity: the city made two tax-increment financing (TIF) payments to Wyndham Park Associates (also referred to as Traverse Apartments). One payment was the originally calculated TIF amount for the year; after attorneys reviewed the TIF agreements and reconciled the city’s spreadsheet, an additional payment was issued for an extra 25 basis points. Perry said the authority also paid an attorney invoice related to the review.

Board members flagged potential conflicts of interest for other members serving on bank boards or loan committees. One member asked whether serving on the Park State Bank board could be problematic after a later speaker confirmed they sit on that bank’s board and executive loan committee. Joshua, authority counsel, said he did not see a technical conflict from the available description but advised discussing the specifics in a one-on-one or at the scheduled work session to clarify roles and authority.

Perry characterized his resignation as voluntary and tied to his earlier public statement that he would step down if his bank participated in financing Woodland Station. The board did not record a formal acceptance vote on the resignation during the meeting.