HomeMy WebLinkAboutURA RES 2022-44RESOLUTION NO. 2MW*Q Z 4 L4 9
A RESOLUTION OF THE CALDWELL URBAN RENEWAL AGENCY RATIFYING THE SIGNING OF
THAT CERTAIN BOND COUNSEL LEGAL ANALYSIS ENGAGEMENT LETTER WITH SKINNER
FAWCETT, LLP, FOR LEGAL ANALYSIS OF FINANCING AUTHORITY AND STRUCTURES FOR THE
CURA TO ISSUE BONDS TO FINANCE THE POTENTIAL PROJECTS UNDER AND PURSUANT TO
THE LAWS OF THE STATE OF IDAHO.
RECITALS
WHEREAS, the Caldwell Urban Renewal Agency ("CURA") has created a Caldwell North Urban Renewal Area,
pursuant to the laws of the State of Idaho, including Title 50, Chapter 20 and 29; and,
WHEREAS, the CURA desires that bond counsel should be engaged to facilitate the exploration of potential bonding
opportunities pursuant thereto to encourage development within said project areas and,
WHEREAS, Skinner Fawcett, LLP, has provided legal counsel to various agencies and municipalities throughout the
state; and,
WHEREAS, Skinner Fawcett, LLP, is qualified to provide legal counsel to the CURA concerning potential bonding
related to the Caldwell North Urban Renewal Area; and,
WHEREAS, it was necessary, for expediency, for the chairman of the CURA to enter into an engagement agreement
with Skinner Fawcett, LLP, on Monday, January 18, 2022; and,
WHEREAS, the CURA desires to ratify said agreement.
NOW, THEREFORE, BE IT HEREBY RESOLVED by the Caldwell Urban Renewal Agency, that the Agency
does hereby ratify entering into that certain engagement agreement, attached hereto. The acceptance and authorization
for the document attached hereto is hereby effectuated, and the Chairman is authorized to take any additional steps
necessary to accomplish the same.
PASSED BY THE CALDWELL URBAN RENEWAL AGENCY this 8th day of August, 2022.
APPROVED BY THE CALDWELL URBAN RENEWAL AGENCY this 8t" day of August, 2022.
APPROVED:
ATTEST:
URA. SECRETARY
CALDWELL URBAN RENEWAL AGENCY RESOLUTION NO.�_ �T� t`i'
SKINNER FAWCETT LLP
L,AW OFFICES
RICHARD A. SKINNER 250 N'. BOB WHI"CE C'1'., STE 240, BC)ISE, IDAHO 83706
CHARLES W. FAWCETT POST OFFICE BOX 700. BOISE, IDAHO 83701
DENNIS GIBALA TELEPHONE: (208) 345-2663
HENRY C. RUDOL.PH FAX: (208) 345-2668
RYAN M. FAWCETT E-NMAIL: jmcdeviW`e skinnertawcett.com
JOHN R. McDEVITT
SEAN H. COSTELLO
July 13, 2022
Urban Renewal Agency of the City of Caldwell, Idaho
Attne Steven Jenkins, Economic Development Director
PO Box 1179
Caldwell, ID 83606
Email: sjenkins@cityofcaldwell.org
Re: Bond. Counsel Le a� 1 Analysis
Mr. Jenkins:
We are pleased to offer our services as bond counsel to the Urban Renewal Agency of the
City of Caldwell, Idaho (hereinafter "CURA"), to aid CURA with structuring a potential bond -
financed project.
We are prepared. to furnish bond counsel services to CURA, as our client, which will include
legal analysis of financing authority and structures for CURA to issue bonds to finance the
potential project under and pursuant to the laws of the State of Idaho. Our bond counsel services
and costs relating to any approval, or actual issuance of bonds, will be determined once we know
for certain the financing structure to be used and our engagement letter will be updated at that time.
Please further note our description for services does not include preparation of any offering literature
for any potential bonds without a separate agreement for such preparation.
We will bill monthly for our services, beginning at least thirty (30) days from the date of
CURA's acceptance of this letter. I will be the responsible attorney for this matter. Other firm
attorneys may assist me from time to time. The current hourly rates of the attorneys I anticipate
will work on this matter are as follows:
Richard A. Skinner...... ova *woo I a a & v $475 per hour
Sean H. Costello.. 0*4 06944066 as qq$21 5 per hour
If any now unforeseen or unusual details and/or difficulties arise during our engagement,
additional fees may become necessary. However, any such necessary fee adjustment would first
be discussed and confirmed with the CURA if those potential circumstances become evident to us.
City of Caldwell, Urban Renewal Agency Project
July 13, 2022
Page 2
If these arrangements appear acceptable to CURA, please have its authorized
representative execute the acknowledgment page below and return it to me by e-mail or regular
mail.
If you have any questions, please do not hesitate to call.
Very truly yours,
SKINNER FAWCETT LLP
JOHN R. McDEVITT
The foregoing is hereby accepted by the Urban Renewal Agency of the City of Caldwell,
Idaho, this 1 S day of A o 1 , 2022.
By:
URBAN