The URL can be used to link to this page

Home My WebLink About4-6-2010 URBAN RENEWAL MINUTES • Regular Scheduled Meeting CALDWELL URBAN RENEWAL AGENCY Apri16, 2010 — 12:00 p.m. City Administrative Offices, Conference Room The regular scheduled meeting of the Caldwell Urban Renewal Agency convened at 12:00 noon on Apri16, 2010 in the Conference Room at Caldwell City Hall Administrative Offices with Chairman E1Jay Waite presiding. Roll was called: Present: E1Jay Waite, Mayor Garret Nancolas, Leona Fouts, Rob Hopper Absent: Steve Rule, Amy Rojas Guests: Rem Fox, Rob Pilote, Steve Fultz, Bruce Schultz, Gary Vance, Tom Smith, Kathleen Robinson, Tom Scott. Motion to amend the agenda to move New Business Item #5: "Discuss the findings from the March 25 workshop and determine future action on "Caldwell Economic Development and Incentives: draft report" to the first item of Old Business: Hopper/Nancolas M/S/P Motion to approve the agenda as amended: Fouts/Hopper M/S/P Motion to approve the minutes of the March 2, 2010 meeting and the March 25, 2010 workshop: Fouts/Nancolas M/S/P OLD BUSINESS Chairman Waite opened the floor for questions, discussion and suggestions for future action on the draft report titled Caldwell Economic Development Programs and Incentives. Mayor Nancolas � stated that Mark Hilty, attorney for URA, is developing a structure that would allow URA to administer oversight of a volunteer committee designed to market the program, work with applicants, screen applications and make recommendations to URA for funding. Commissioner Hopper emphasized the importance of building a framework for the incentive program and grant funding that would eventually be sustainable and easily transitioned to the City when URA sunsets in 2014. Further salient points: • The draft document needs to be finalized. Programs/incentives must be ratified, sample applications included, body text revised to include a marketing aspect, restrictions and guidelines must be defined and language clarified. � Launch as quickly as possible with limited programs to kick-start the program and increase the tax base, and then add to the program annually and tailor it to meet current opportunities. • URA has budgeted $200,000 for redevelopment incentives for the next four years. • Incentives must be prioritized based on available funds. Motion to approve the formation of a sub-committee to finalize the grant/incentive document and identify first year incentives, with final draft to be presented at a workshop: Hopper/Nancolas M/S/P Motion to create a budget line item to specifically identify the budgeted dollars that are tied to the incentives to be used for this program: Nancolas/Fouts GCEDC Activity Report presented by Steve Fultz, Executive Director: . Page 1 of 3 � Highlights for March 2010 • Continued work on the wine incubator. .. second phase of preparing the double bay for a new winery...Lease is signed and construction began for locating Vale Wine Company. Also working with TVCC on next phase of the viticulture program in Caldwell • Continued working with TVCC on expansion of education and job training initiative for CaldwelUCanyon County (meeting with Bruce Schultz and others) • Working with College of Western Idaho on expansion in Caldwell (potential sites along the blvd.) for vocational-technology programs that currently reside on the BSU campus • Meeting/discussion on potential tech business to Caldwell (flight simulator): needs about 5,000-6,000 square feet to start at or near the airport. • Meeting/discussion with Chamber on future partnerships in travel and tourism opportunities including grant opportunity thorough the state and SWTTA • Continued marketing strategy for wine industry: signage and additional strategy for addressing the SLC market • Provided demographic information to an existing retailer • Working with 2 potential restaurants/coffee shops for downtown • Working with downtown group on incentive options: drafted and submitted ideas and programs I've worked with in the past for consideration. • Working with developers on a potential office/service complex in Caldwell • Participating with BVEP Working Group (in Star, ID) � NEW BUSINESS Chairman Waite presented a funding request from Vallivue School District for the first $100,000 of URA's four year pledge for Vallivue Academy renovations. Motion to approve the pledge request of $100, 000: Hopper/Nancolas M/S/P Chairman Waite presented the final funding request from Caldwell School District for parking and grounds improvements for Canyon Springs High School: Motion to approve the funding request for Canyon Springs High School in the amount of $143,700: Fouts/Nancolas M/S/P Steve Fultz, Executive Director, CCEDC, presented a tenant proposal for the 750 square-foot retail space in the education (TVCC) building. Chairman Waite suggested the retail design include space for other downtown restaurants to showcase their menus and possibly provide meal options in a buffet style serving station. Motion to authorize Chairman Waite to continue negotiations for the lease of the retail space in the education building: Nancolas/Fouts M/S/P Steve Fultz and Bruce Schultz presented a proposed plan for "Education and Workforce Development" as a component to the CCEDC 2009-2013 Strategic Plan. The nature of the plan is to engage the range of educational providers and create a database of priorities and capacities to track emerging workforce needs and facilitate training-specific discussion between business and education. The proposal will be discussed at the May meeting. Chairman Waite introduced a financing proposal from ICB for the tenant improvements and • equipment for the education building. The proposal is for $1,000,000 @ 3.6225% for 5 years. Page 2 of 3 • Motion to approve the financing proposal pending potential further negotiation of the interest rate: Hopper/Fouts M/S/P Financial Report provided by Chairman Waite: Februarv 16, 2010 Ending Balance Earnin� Home Federal Business Acct 450,885.59 885.59 February 28, 2010 EndinQ Balance Earnin�s Wells Fargo (debt service 2/28/10) 3,660,433.35 25.85 B of C CD 251,943.52 0 March 31, 2010 Endin�: Balance Earnin�s B of C Business Acct 2,138,591.89 901.43 Local Gov't Investment Pool 606,277.52 93.78 Motion to approve the financial report: Fouts/Hopper M/S/P Chairman Waite presented the following invoices for payment: $ 1,935.50 Hamilton Michaelson Hilty TVCC Lease $ 140.00 Hamilton Michaelson Hilty TVCC Lease $ 32.31 Petty Cash March lunches $ 6.77 Albertsons Water for lunches Motion to approve the invoices for payment: Fouts/Hopper M/S/P � GENERAL BUSINESS Chairman Waite has been working with Valley Ride to route a second downtown stop that is closer to the new TVCC campus. The additional cost for this change is approximately $3,640 per year. Motion to authorize Chairman Waite to work with Valley Ride to negotiate routes that will benefit 7'VCC and stop within'/a mile of the campus, with cost not to exceed $3,700: Hopper/Fouts M/S/P The next meeting will be held May 4, 2010 at 12:00 noon Motion to adjourn: Fouts/Nancolas M/S/P Meeting adjourned at 2:00 p.m. Respectfully submitted, Leona Fouts Secretary � Page 3 of 3