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Home My WebLink About6-6-2006 URBAN RENEWAL MINUTES Regular Scheduled Meeting CALDWELL URBAN RENEWAL AGENCY • 7une 6, 2006 - 12:00 noon Caldwell City Hall, Conference Room The regular scheduled meeting of the Caldwell Urban Renewal Agency was held June 6, 2006 at 12:00 noon in the Conference Room @ City Hall with Chairman ElJay Waite presiding. The roll was called: present were ElJay Waite, Garret Nancolas, Rob Hopper, and Leona Fouts. Guests: Steve Fultz and Dennis Cannon. Motion to approve the agenda: Hopper/Fouts M/S/P Motion to approve the May 2, 2006 meeting r�zinutes: Hopper/Fouts M/S/P OLD BUSINESS CEDC Update: Steve Fultz, Executive Director, provided an update on CEDC activities which include: Sky Ranch and Sky Way Business Parks Site 1: Future location of Trail Max Trailers/Gem State Manufacturing Building size: 90,000 + square feet Investment: $6 million Employment: 50+ new jobs Wages: Average $12 to $14 dollars per hour plus benefits Status: Property in final stages of property acquisition due diligence. Some discrepancy on acreage of the Houston property need to be settled Site 2: Future location of BMC-West • Building size: 150,000 square feet Employment: approximately 200 jobs Wages: $10+ per houi plus benefits Status: Contracts signed, scheduled to close within 30 days, construction to begin in 2006, to open in ' March 2007 Site 3: Future location of American Custom Coach I � Building size: 10,800 square feet i Invesrinent: $500,000 I Employment: 18-25 jobs '! Wages: $15 dollars/lu average i Status: Under construction, business to move in July/August 2006, begin manufacturing in Sept 2006 ', Site 4: Negotiation with a door manufacturing business I ', Building size: 31,400 square feet Employment: 30 jobs Status: Still in negotiation with business Site 5: Negotiation with Treasure Valley Community College I Building size: 20,000 sq. ft. 1 phase, expand to 35,000 square feet I Investment (projection): $2 to $3.85 million � Employment: 52 (with 10% increase per year for 1 3 years) ' Status: Early stages of negotiation, will return to URA after CEDC Investment committee meets I Site 6: Future location of Thomas Jefferson Charter School Building size: 16,000+ square feet • Investment: $33 million ' Employment: 20+ jobs Wages: $12-$15 per hour average �� Status: Construction near completion, open Fall 2006 ' CEURA, June 6, 2006, Page 2 , Site 7: Future location with Idaho Athletic Building size: Approximately 20,000 square feet Investment: $2.7 million (estimate) Employees: 20+ Wages: $10 per hour average Status: Closed on contract to purchase properry on 5/31/06, plan to have new facility open by Jan 2007. Site 8: Second building by Norfleet Development Building size: 10,800 Investment: $500,000 Status: Working with a manufacture (Gem State Marble) to negotiate a deal. Would employee 9-15 full time workers. The owner of Gem State Marble currently owns 21ots in Sky Ranch, but is considering selling in favor or this building. Other activity: will be coordinating another open house for developers and realtors in mid June. Will coordinate with Freehold, Gilbert, and SelEquity Indian Creek Project / Downtown Catalyst Project: Dennis Cannon stated that the asbestos survey bids are due by 6/16/06 and a selection will be made by 7/4/06. The first block is ready for demolition. NEW BUSINESS Dennis Cannon presented a Professional Negotiation Services Agreement drawn by Larry Rincover of Negotiation Services, LLC, to provide professional assistance in property acquisition for the consolidation of properties needed for the redevelopment of the Caldwell city center. Motion to approve the Professional Negotiation Services Agreement and authorize Chairman Waite to sign the � agreement: Hopper/Fouts M/S/P PUBLIC HEARING: Sewer Treatment Facility & Improvements Chairman Waite opened the public hearing and informed those present that the CEURA would hear public comment regarding the adoption of a Resolution authorizing the filing of a Petition with the Third District Court seeking judicial confirmation of the authority of the Agency to issue certain bonds in an amount not expected to exceed $8,600,000, payable from revenue allocation (tax increment) revenues, in order to finance improvements to the City's sewer system. Notice of the Public Hearing was posted on May 18, 2006 in the Idaho Press Tribune. Chairman Waite noted that Gordon Law, City Engineer, was signed up to speak in favor of the resolution and that no one was signed up to speak either in opposition to, or neutrally. Chairman Waite recognized Gordon Law and requested his testimony. Gordon Law announced his support for the construction of a sewer collection system and regional lift station, stating that the current facility is at capacity and the City is now compelled to hold building permits due to lack of capacity to handle additional flow. The proposed facility will include two miles of gravity main (36 inches — 42 inches) and two miles of force main (14 inches), and will lift 6 cubic feet per second which is an increase of approximately 5 to 1 over the current facility. The proposed lift station will be temporary, with a final lift station that will handle 18.4 cubic feet per second to be installed at a later date. Due to the critical timing, the City Sewer Fund will begin paying the • construction costs, with reimbursement expected upon finalization of the bond issuance. Motion to close the Public Hearing: Nancolas/Hopper M/S/P CEURA, June 6, 2006, Page 3 � Motion to authorize legal counsel to begin the judicial confirmation process for the sewer bond resolution at the closure of the public testimony period: Hopper/Fouts M/S/P Mayor Garret Nancolas exited the meeting to attend a press release at the Fire Station. Rob Hopper presented the following invoices for payment: $ 40.04 Idaho Press Tribune Asbestos Abatement Bid Notice $ 32.34 Idaho Press Tribune Public Meeting Notice — Sewer Bond Hearing $ 217.50 Hamilton, Michaelson,Hilty Charter School Access Agreement Motion to approve payment of invoices: Fouts/Hopper M/S/P Financial Report provided by Rob Hopper: Apri130, 2006 Ending Balance Earnings F&M Checking 12,451.91 n/a F&M Money Mkt 1,191,504.26 1,489.97 F&M Indian Creek 54,952.61 99.92 Local Gov't Pool 785,058.86 2,581.23 Motion to approve the Financial Report: Hopper/Fouts M/S/P The next meeting will be held at the City Administrative Offices @ 411 Blaine on Wednesday, July 5, � 2006 at 12:00 noon ' Motion to adjourn: Hopper/Fouts M/S/P Meeting adjourned @ 1:00 pm Respectfully submitted, Leona Fouts, Secretary • I