HomeMy WebLinkAbout5-2-2006 URBAN RENEWAL MINUTES Regular Scheduled Meeting
CALDWELL URBAN RENEWAL AGENCY
• May 2, 2006 - 12:00 noon
Caldwell City Hall, Conference Room
The regular scheduled meeting of the Caldwell Urban Renewal Agency was held May 2, 2006 at 12:00
noon in the Conference Room @ City Hall with Chairman E1Jay Waite presiding. The roll was called:
present were ElJay Waite, Garret Nancolas, Rob Hopper, and Leona Fouts. Guests: Steve Fultz
Motion to amend the agenda to table New Business items #1 and #2 until the June meeting, and
approve the agenda as amended: Nancolas/Fouts M/S/P
Motion to approve both the April 4, 2006 meeting minutes and the corrected February 7, 2006
meeting minutes: Fouts/Nancolas 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 Development Status April 2006
Site 1: Future location of Trail Max Trailers/Gem State Manufacturing
Building size: 90,000 + square feet
Employment: 50+ new jobs
Status: Property in final stages of property acquisition due diligence, construction to
begin 2006...Meeting with 3 different banks on May 3, 2006
Site 2: Future location of BMC-West
Building size: 150,000 square feet
� Employment: 100+ jobs
Status: Contracts signed, scheduled to close within 30 days, construction
to begin in 2006
Site 3: Future location of American Custom Coach
Building size: 10,800 square feet
Employment: 20-30 jobs
Status: Under construction, business to move in July 2006
Site 4: Negotiarion with a door manufacturing business
Building size: 31,400 square feet
Employment: 30 jobs
Status: Still in negotiation with business, developer has targeted
completion of building by October 2006
Site 5: Negotiation with Treasure Valley Community College
Building size: 20,000+ square feet
Employment: ??
Status: Early stages of negotiation
Site 6: Future location of Thomas Jefferson Charter School
Building size: 16,000+ square feet
Employment: 20+ jobs
Status: Construction near compietion, open Fa112006
Site 7: Future location with Idaho Athletic
Building size: Approximately 20,000 square feet
Employees: 20+
� Status: Deal should be completed within the next week or two
Other activity: will be coordinating another open house far developers and realtors in mid June. Will coordinate with
Freehold, Gilbert, and SelEquity. Continued contact with Andrew Grove from Applebees.
CEURA, May 2, 2006, Page 2
•Indian Creek Project / Downtown Catalyst Project: Chairman Waite announced that Hot Rod
Heaven, Idaho Youth Ranch and The Clothes Pin should all be moving during the month of May.
No update was available on the funding request for the Canyon County Crime Lab. Chairman
Waite stated that the project is noteworthy and will be addressed at the budget planning process.
Rob Hopper presented the following invoices for payment:
$ 45, 600.00 Lambert Construction Indian Creek final billing for demolition site
$ 1,250.00 Spectrum Site Assessment: Marble Front/Lincoln School site
$ 812.50 ICRMP Membership contribution
$ 345.00 Hamilton, Michaelson Charter School Access Agreement
Motion to approve payment of invoices: Nancolas/Hopper M/S/P
Financial Report provided by Rob Hopper:
March 31, 2006 Endinp Balance Earnings
F&M Checking 23,774.97 n/a ,
F&M Money Mkt 1,082,419.17 1,690.27 �!,
F&M Indian Creek 100,461.69 163.05
Local Gov't Pool 782,477.63 2,648.64
• Motion to approve the Financial Report.• Fouts/Hopper M/S/P
Motion to move an appropriate block of funds from the Farmer's & Merchants Money Market account
to the local government pool to increase the interest earnings ,leaving adequate funds in the Money
Market account to cover anticipated expenses: Nancolas/Hopper M/S/P
The next meeting will be held Tuesday, June 6, 2006 at 12:00 noon
Motion to adjourn: Hopper/Fouts M/S/P
Meeting adjourned @ 12:50 pm
Respectfully submitted,
Leona Fouts, Secretary
•