HomeMy WebLinkAbout2025-01-13 URA MinutesVIRTUAL PUBLIC MEETING INFORMATION
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MEETING LOCATION
Caldwell City Hall
Council Chambers
205 South 61 Avenue
JF"
CALDWELL URBAN RENEWAL AGENCY
REGULARLY SCHEDULED MEETING
Monday —January 13, 2025
6:00 P.M.
ROLL CALL
SPECIAL PRESENTATIONS
CONFLICT OF INTEREST DECLARATION
PUBLIC COMMENTS
(Members of the public may address items of concern not listed on the agenda.)
CONSENT CALENDAR [All Consent Calendar items are considered action items]
1) Approve minutes from the Urban Renewal Agency Regularly Scheduled Meeting held on
December 9, 2024.
UPDATE REPORTS — CURRENT APPROVED DEVELOPMENTS AND/OR PROJECTS
1) Update Development Report: RRC Contractors (Blaine & Kimball)
2) Update Development Report: TS Development (Arthur Street)
3) Update Development Report: Base Layer, LLC (North Caldwell — District 26)
4) Update Development Report: 7 h & Main Developer, LLC (Main Street)
5) Update Development Report: Wolfpack Development, LLC (905 Arthur Street)
OLD BUSINESS
1) ACTION ITEM: Consider approval of Resolution No. 2024-22 approving the Certificate of
Completion for the Mussell Construction redevelopment project on Cleveland and Kimball.
NEW BUSINESS
1) ACTION ITEM: Consider invoices for payment as recommended by the Urban Renewal
Agency Treasurer:
VENDOR
AMOUNT
DESCRIPTION
Canyon County
$ 2,127.86
(4) Nov. Fair Expo Building Improvements
City of Caldwell—Econ. Dev.
$18,900.00
January Economic Dev Contributions
Hilty,Bower,Haws&Seable
$ 6,800.00
December Attorney Services
Total
$27,827.86
2) URA Treasurer Reports:
a. ACTION ITEM: Approve Monthly Cash Reconciliation Reports.
b. Update Report: URA Current Project List.
3) Economic Development Reports:
a. Economic Development Activity Report from Steve Jenkins (December 2024).
b. Economic Development Activity Report from Ofelia Morales (December 2024).
4) Attorney Reports:
a. Attorney Report: Update on the Geintke URA project area.
b. Attorney Report: Update on URA District Plan - Site -A — Downtown Caldwell.
5) Commissioner Reports.
6) Chairman Report.
7) Adjourn.
Next meeting date: February 10, 2025
Any person needing special accommodation to participate in the meeting should contact the Secretary to the
Urban Renewal Agency at 205 South 6' Avenue or call #208-455-4656 prior to the meeting. The entire agenda
packet may be viewed on the City of Caldwell's website: https://www.cityofcaldwen.orglyour-
government/city-commissions-and-boards/urban-renewal
Cualquier persona que necesita arreglos especiales para participar en la reuni6n debe comunicarse con el
Secretario de la Ciudad en 205 South 6th Avenue o llame al # 455 a 4656 antes de la reuni6n.
CALDWELL URBAN RENEWAL AGENCY
REGULARLY SCHEDULED MEETING
MINUTES
January 13, 2025
6:00 P.M.
The regularly scheduled meeting of the Caldwell Urban Renewal Agency convened at 6:00 p.m. in the Caldwell City Hall Council
Chambers with Chairman Jim Porter presiding.
(ROLL CALL)
The URA Secretary called the roll. Present: Chairman Porter, Commissioner Warwick, Commissioner Doty, Commissioner
Moore, Commissioner Allgood, and Commissioner Kohl. Absent: Commissioner Brooks.
(CONFLICT OF INTEREST DECLARATION)
None.
(SPECIAL PRESENTATIONS)
None.
(AUDIENCE PARTICIPATION)
None.
(CONSENT CALENDAR) [All Consent Calendar items are considered action items]
1) Approve minutes from the Urban Renewal Agency Regularly Scheduled Meeting held on December 9, 2024.
MOVED by Warwick, SECONDED by Doty to approve the Consent Calendar as presented.
Roll -call vote. Those voting yes: Commissioner Warwick, Commissioner Doty, Commissioner Moore, Commissioner
Allgood, Commissioner Kohl, and Commissioner Porter Those voting no: none. Those absent or not voting: Commissioner
Brooks.
MOTION CARRIED
(UPDATE REPORTS — CURRENT APPROVED DEVELOPMENTS AND/OR PROJECTS)
1) Update Development Report: RRC Contractors (Blaine & Kimball) Chairman Porter received an email stating that
Mr. Cooper was ill and would be unable to give his report. Steven Jenkins, Economic Development Director, reported
that the bridge construction near the development site will no longer impact this project. There is still a power pole in the
alley that the City is working to remediate so that the project timeline can move forward.
2) Update Development Report: TS Development (Arthur Street) Shawn Mavbon Mr. Maybon reported that he is on
track and making good progress through the design work. He plans to have the contractor report on progress next month.
He noted that permitting applications should be submitted this month and starting construction the next?
3) Update Development Report: Base Laver, LLC (North Caldwell — District 26) Shane Jiminez of Base Layer, LLC
reported on updates using a PowerPoint presentation:
• The current project has completed paving of the road, and they are awaiting better weather for striping.
• Budget: Initially authorized to spend $624,136 and are coming in under that budget.
• The goal of accessing the property has been achieved, including cleaning up the mink farm, and relocating power
lines as necessary.
Mr. Jiminez also asked about the next steps for development, and mentioned his team needs clarity on additional parts of
the project:
• The location of the road network and utilities/other infrastructure
• How will ground water mitigation be addressed
Mr. Jiminez recommended a 5-year plan be established so that end users can see the vision and will then be
willing to invest in the area.
Commissioner Allgood commented that the reason this area qualified for Urban Renewal investment is because it is
difficult to develop, and asked about future infrastructure funding options through the Agency for this area. Mark Hilty,
Agency Attorney, outlined some of the potential funding options that are typically available and noted that building the
infrastructure will usually bring in the investors.
In response to a question from Commissioner Kohl to Mr. Jiminez regarding what he needs from the Agency at this time,
Mr. Jiminez responded that they would like guidance and a road map to move forward in developing the area. He
suggested working or development sessions to identify a priority list that would include improvements needed with
timelines.
Mr. Hilty stated that working with City departments to incorporate road and street master plans and coordinate with ITD
is typically needed. He also noted that past development has shown that as parcels within an area are purchased,
sometimes the plans will change.
In response to questions from Commissioner Moore regarding how the properties are being marketed, Mr. Jiminez
provided a summary of the avenues they are using, and some of the challenges. The main challenges are that it is not yet
known where the road network and utility access will be located, nor what ground water mitigation will look like.
Commissioner Allgood noted that Mr. Hilty and Robb MacDonald, Public Works Director should probably be part of the
conversation in how to move forward; Chairman Porter stated he would contact them before the next meeting to start
identifying how to address challenges.
4) Update Development Report: 7" & Main Developer, LLC (Main Street) Dean Pape reported on continued
conversations with two retailers for the ground floor retail spaces and noted that once agreements are executed, he will
proceed with design of the retail space. He commented that the office spaces are not yet seeing good traction, and finding
the right tenant is important.
In response to a question from Commissioner Moore regarding parking for residents living downtown, Mr. Pape stated
that parking proximity within a block or less is important. He also replied that he believes the need for residential
downtown will continue.
5) Update Development Report: Wolfpack Development, LLC (905 Arthur Street) Keri Smith of Wolfpack
Development was unable to attend in person and provided an email report for this project. She reported they are actively
working on securing a lease option with a retail /food user, which will be a strong addition to Trolley Square. Additionally,
they have obtained quotes for necessary tenant improvements and are awaiting the opportunity to meet with the
prospective lessee to finalize details.
(OLD BUSINESS)
(ACTION ITEM: CONSIDER APPROVAL OF RESOLUTION NO.2024-22 APPROVING THE CERTIFICATE OF
COMPLETION FOR THE MUSSELL CONSTRUCTION REDEVELOPMENT PROJECT ON CLEVELAND AND
KIMBALL.
Mark Hilty, Agency Attorney reported that the parking lot project is now complete, final inspections are done and all signed
off. He noted that Planning & Zoning staff and Engineering staff went to the site to verify completion before signing off
on the project.
MOTIONED by Commissioner Doty, SECONDED by Commissioner Warwick to approve the certificate of completion for
the Mussell Construction project on Cleveland Blvd. and Kimball Ave.
Roll -call vote. Those voting yes: Commissioner Doty, Commissioner Moore, Commissioner Allgood, Commissioner Kohl,
Commissioner Porter, and Commissioner Warwick. Those voting no: none. Those absent or not voting: Commissioner
Brooks.
1UT181K6M[N� iR Wr
(NEW BUSINESS)
(ACTION ITEM: CONSIDER INVOICES FOR PAYMENT FROM THE URBAN RENEWAL AGENCY
TREASURER)
Raelynn North, URA Treasurer, presented the invoices for payment and recommended approval.
VENDOR
AMOUNT
DESCRIPTION
Canyon County
$ 2,127.86
(4) November Fair Expo Building Improvements
City of Caldwell-Econ. Dev
$18,900.00
December Economic Dev Contributions
Hilty, Bower, Haws & Seable
$ 6,800.00
December Attorney Services
Total
$27,827.86
Commissioner Doty stated he would like to see additional information regarding the invoices submitted for payment of
projects; specifically what part of the project each invoice represents.
MOVED by Allgood, SECONDED by Doty to approve the invoices for payment as presented.
Roll -call vote. Those voting yes: Commissioner Allgood, Commissioner Kohl, Commissioner Moore, Commissioner Doty,
Commissioner Warwick, and Commissioner Porter. Those voting no: none. Those absent or not voting: Commissioner
Brooks.
ul R;41091
URA TREASURER REPORT
(ACTION ITEM: APPROVE MONTHLY CASH RECONCILIATION REPORT)
Raelynn North, URA Treasurer, outlined the report details and recommended approval. She noted that there was a refund of
a double -billing that resulted in reimbursement of $154,000 from Canyon County. She clarified that there are now additional
reviews in place to avoid a repeat of this situation.
In response to questions $om Commissioner Moore, Ms. North stated that the initial discrepancy between the Agency and
Canyon County regarding project budget amounts remaining has been resolved.
TOTAL $5,340,818.35
Banner Bank $4,512,439,23
LGIP $ 828,329.12
MOVED by Commissioner Doty, SECONDED by Commissioner Kohl to approve the monthly cash reconciliation report as
presented.
Roll -call vote. Those voting yes: Commissioner Doty, Commissioner Moore, Commissioner Allgood, Commissioner Kohl,
Commissioner Porter, and Commissioner Warwick. Those voting no: none. Those absent or not voting: Commissioner
Brooks.
PROJECT LIST UPDATE REPORT:
Ms. North provided the project list as of 12/31/2024. She reported there was not a lot of movement since processing the
previous invoices and stated that next month's project list will show the addition of the refund from Canyon County. She
explained that one of the projects saw a project manager change within Engineering, and gave an overview of timelines for
upcoming project construction.
In response to a question from Ms. North regarding adding a URA North Area project section to the project list, Chairman
Ported stated that the commissioners would like to see projects from the North Area on the project list going forward.
Chairman Porter also referred to the 5-year Plan presentation provided by Ms. North at the December URA meeting. He noted
conversations he has had with Commissioner Warwick, and her interest in working with Ms. North to develope a 5-year plan
for urban renewal project areas.
(ECONOMIC DEVELOPMENT REPORT FROM STEVEN JENKINS — DECEMBER 2024)
Current Proiects
Miscellaneous Updates:
Project Bengal. finalizing plans with this big box grocer. They will make an announcement in the coming weeks on their
location decision.
Project Huskie (KSA Investments): Project continues to move forward. They are focused on a Marriott branded hotel that
will serve Caldwell well.
Project Sunny: actively reviewing properties with this brewery concept. They are interested in the upcoming RFP and will
consider submitting a proposal.
Project Razorback: a recent call with this big box retailer went well. They are evaluating properties for both short and long-
term investment opportunities.
Project Talen: fast casual concept interested in Caldwell. This will be their second location in the Treasure Valley and they
are reviewing multiple sites.
Amphitheater: continue to iron out the details for this proposed project. The site of interest has challenges, but it would surely
help revitalize the area. They remain committed to Caldwell and believe in the future of this community.
Project Tile: Plans are moving forward quickly for this retail sales project. After a recent meeting with the City, it is clear
that this will be a great partnership. They will improve a site in east Caldwell for their retail sales store soon. The property
will need to be annexed into the City of Caldwell.
Project Retail: working with a developer on plans to bring a quick service location to Caldwell, along with a vehicle services
operator and a c-store. This will be done on a site in east Caldwell. The property is currently under contract and plans continue
to evolve.
North Caldwell URA:
Project Horizon: Most concerned with annexation. Discussions have been quiet but they are interested in learning more about
the property of interest and a potential city touch in the future.
Maverik: discussions have been moving forward. They are actively engaged with the city on their future plans for a c-store
in the district.
Weather Tight Roofing: anxious to move forward with plans. They will build a structure on 2 acres in North Caldwell but
are navitagting challenegs with water and sewer infrastructure. The City is helping them consider options to get these services
to their site.
Downtown Updates
The Vault cigar lounge will be coming to the City of Caldwell soon. They are planning a restaurant and cigar lounge concept
at their location in downtown.
The Griddle: Building improvements will occur this year and they are excited to move forward with plans to occupy space
at 71 and Main.
Additional Updates:
According to Zillow, the 30-year fixed mortgage rate has decreased by three basis points to 6.31%, and the 15-year fixed rate
has dropped by five basis points to 5.65%.
As of October 2024, the inflation rate in the United States was 2.6%, a slight increase from the previous month's rate of 2.4%.
This is lower than the long-term average of 3.28% (last year).
Mr. Jenkins also provided tables and graphs showing different metrics comparing Idaho to other states:
• States by GDP: Biggest 5-Year Growth, showing percent change at annual rate 2024:Q2-Q3—Idaho top ten.
• Personal Income: Percent Change at Annual Rate, 2024:Q2-Q3—Idaho top ten
• Unemployment by State, showing the unemployment rate across the nation.
(ECONOMIC DEVELOPMENT ACTIVITY REPORT FROM OFELIA MORALES — DECEMBER 2024)
Downtown Updates:
Project Gem Juice: Downtown business seeking new space near/around the plaza. Two options are now available, both are
being explored. An offer has been made. They are in the due diligence phase. The space did not work out. We will continue to
search. One option left at the moment. Continuing to look.
Project Water: This business is seeking options for a currently owned building. A couple of options have been identified. Still
seeking space, one of the spaces identified, owner is not interested in leasing at the moment. We will continue to search; they
continue to do pop -ups at the moment.
Project Sugar (Update): Seeking new location for business. Lease is about to expire. Couple of options.
Project Market (Update): Local business seeking to bring various local vendors in one space. One space has been identified;
however, the landlord is not ready to move forward as they are working on the building.
New Projects:
Project Cream: Retail business seeking to relocate their business downtown and a space has been identified; however, needs
to sublease their current space.
Project Bottle: New business seeking to, open in the downtown. Space has been identified. They are researching the needed
licenses to open this type of concept.
Project Stairs: Current retail business seeking new space. Spaces are limited due to the business seeking to stay within a
specific lease rate.
New Businesses:
Oakes Alley
Idaho Spice Store
Baskin and Robbins opened this last weekend.
Black Rock Coffee Bar opening soon.
In response to a question from Chairman Porter, Ms. Morales noted that the Tilian vacancy rate is at 10 units
In response to questions from Commissioner Moore, Ms. Morales gave a summary of the business climate downtown, and
what she hears from businesses and the public regarding downtown residential in Caldwell. She also explained that businesses
looking to expand downtown must often factor in needed upgrades/tenant improvement costs, and that lease rates can make
moving to a new space more challenging. She noted that even with the challenges, there is still considerable interest.
Attornev Reports:
Attorney Report: Geintke URA Project Area. Chicago and 5a' Avenue. Mark Hilty, Agency Attorney, reported that the City
Council approved the declaration of blight and appropriateness for URA involvement for the site. The next step is a feasibility
study, which relies on determining the assessed value as of January 1, 2025. Ms. North noted that the assessed values would
not likely be available until March 2025. Mr. Hilty anticipates having a draft plan put together in early March and coming
before the Agency at that time. Once approved by the Agency, the City Council would then send it to Planning and Zoning for
compliance with the Comprehensive Plan, then back to City Council for final approval.
Lee Geintke, Chicago and 51 Avenue development, provided comments regarding the desirability of a larger Urban Renewal
district in the North end of Caldwell, and expanded on opportunities he sees in that area for development.
In response to questions from Commissioner Moore regarding the desirability of more residential spaces downtown. Mr.
Gentke stated his view that promoting ownership of high -end residential units downtown —such as condominiums —would
generate a greater positive impact on sustainability of downtown businesses, and greater engagement from the residents in and
around Caldwell.
Commissioner Warwick asked if Mr. Hilty's office would be able to create a checklist and general timeline that generally
covers what the steps are in approving a site -specific urban renewal area? She felt it would be beneficial both for potential
developers, as well as the Agency commissioners. Mr. Hilty replied that his office will work on a summary/timeline and noted
that it is usually about an 8-month process. He added that he would provide the summary to each of the Commissioners,
Economic Development, and other Agency staff.
Attorney Report: Update on URA District Plan - Site -A — Downtown Caldwell. Kimball and Arthur. Mr. Hilty reported that
the City Council approved the Site -A URA Plan at the December 16' meeting, and an RFP will be forthcoming soon;
Commissioners requested that they see the RFP before it goes out.
Commissioner Reports
Commissioner Moore commented that he is saddened by the disasters in California happening now, and that he believes
Caldwell will continue to grow.
Chairman Porter stated that the Rice House is now sitting on its foundation, and it looks very good. There are plans to paint it
soon, and the project is coming along nicely. He noted that URA involvement is now at an end for this project. He also
expressed appreciation to Commissioners Doty and Allgood for their continued service with the URA.
MOVED by Warwick, SECONDED by Kohl to adjoum at 7:53pm.
MOTION CARRIED
2025.
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Commissioner Warwick
Commissioner Koh
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