HomeMy WebLinkAbout12-5-2006 URBAN RENEWAL SPECIAL MEETING MINUTES � MEETING MINUTES
Speciat Meeting
CALDWELL URBAN RENEWAL AGENCY
December 5, 2006 - 5:30 p.m.
City Administrative Offices, Conference Room �
A special meeting of the Caldwell Urban Renewal Agency was held December 5, 2006 at 5:30
p.m. in the Conference Room at the City Administrative Offices, with Chairman Waite
presiding. The roll was called; those present were E1Jay Waite, Rob Hopper and Leona Fouts.
Guest: Jim Wrigley.
Chairman Waite called a special meeting of the Caldwell Urban Renewal Agency for the
purpose of reviewing and approving a Bond Resolution for the issuance of Revenue Allocation
Bonds in the amount of $8,300,000.
Jim Wrigley, Senior Vice President with Wells Fargo Brokerage Services Inc., presented and
reviewed the following documents:
o Letter from Moody's Investors Service
o Bond Insurance Commitment from Radian Asset Assurance Inc.
o Comparison of Insured vs Uninsured Maturities
o Packet containing Sources & Uses, Debt Service Schedules, etc.
o Preliminary Official Statement Dated November 22, 2006
• o Bond Resolution No. 2006-1 for Revenue Allocation Bonds, Series 2006A
BOND RESOLUTION NO. 2006-1
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE URBAN RENEWAL AGENCY
OF THE CITY OF CALDWELL, IDAHO, SPECIFYING AND ADOPTING A PLAN FOR THE
ACQUISITION AND CONSTRUCTION OF SEWER TREATMENT FACILITY IMPROVEMENTS;
SPECIFYING THE ESTIMATED COST; AUTHORIZING THE ISSUANCE OF UP TO $8,300,000
PRINCIPAL AMOUNT OF REVENUE ALLOCATION BONDS; DESCRIBING SAID BONDS;
PROVIDING FOR THE COLLECTION, HANDLING AND DISPOSITION OF REVENUE
ALLOCATION PROCEEDS; AUTHORIZING AND CREATING CERTAIN FUNDS AND
ACCOUNTS FOR USE OF THE BONDS; AUTHORIZING THE EXECUTION AND DELIVERY OF
A BOND PURCHASE AGREEMENT; PROVIDING FOR AN EFFECTIVE DATE OF THIS
RESOLUTION; AND PROVIDING FOR OTHER MATTERS PROPERLY RELATED THERETO.
Motion to sponsor and approve Bond Resolution No. 2006-1: Hopper/Fouts M/S/P
Motion to adjourn: Hopper/Fouts M/S/P
Meeting adjourned 6:00 p.m.
Respectfully Submitted,
Leona R. Fouts
• Secretary