HomeMy WebLinkAbout1-26-2010 URBAN RENEWAL MINUTES Regular Scheduled Meeting
• CALDWELL URBAN RENEWAL AGENCY
January 26, 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
January 26, 2010 in the Conference Room at Caldwell City Hall Administrative Offices with
Chairman E1Jay Waite presiding. Roll was called:
Present: E1Jay Waite, Rob Hopper, Leona Fouts, Steve Rule
Jennifer Barrus arrived as noted in the minutes
Absent: Amy Rojas, Mayor Garret Nancolas
Guests: Duston Rose, Chris Yamamoto, Larry Lipschultz
Motion to amen�l the agenda to include a presentation from Duston Rose, realtor, as the first order
of business: Hopper/Fouts M/S/P
Motion to approve the agenda as amended: Fouts/Rule M/S/P
Motion to approve the minutes of the January S, 2009 meeting.• Fouts/Hopper M/S/P
Duston Rose, realtor, stated that several businesses are considering relocating from the downtown
area, claiming that conditions created by the Indian Creek project have had a negative effect on their
business. In his capacity as realtor for these properties, Mr. Rose is making an appeal to CEURA
on behalf of the property owners for assistance with moving and relocation costs. Chairman Waite
stated that the properties in question were given consideration offers during the creek relocation
• project but owners declined and decided to stay put. Chairman Waite added that CEURA is unable
to offer assurance of assistance at this time as current funds are already committed to other projects,
however CEURA is willing to review funding sources in future years.
Jennifer Barrus arrived and was counted present.
OLD BUSINESS
Chairman Waite presented Resolution No. 2010-1 for discussion and approval.
RESOLUTION NO. 2010-1
Resolution authorizing the approval of the purchase and sale agreement from CP-1 LLC for
property and improvements known as Treasure Valley Community College (TVCC Parcel) as
described within the attached hereto and made a part hereof.
Chairman Waite noted that Mark Hilty, attorney for CEURA, and Brian Ballard, attorney for
Oppenheimer Development, have both reviewed and approved the agreement and resolution.
Chairman Waite reviewed several minar changes to the Purchase and Sale Agreement. Steve Rule
stated that this project is an appropriate expenditure of funds and falls within the scope and intent of
the CEURA plan. Motion to adopt Resolution 201 D-1 along with the Purchase and Sale Agreement
as u�nended: Hopper/Fouts M/S/P
C/CEDC Activity Report for January was not available due to mid-month timing of this meeting.
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Chris Yamamoto, Downtown Redevelopment Director, stated that the TVCC project is moving
• forward quickly and appears to be on schedule. Parking is a primary focus and options are being
considered.
NEW BUSINESS
Motion to enter into Executive Session at 12: 45pm under Title 67-2345, Paragraph C, for land
acquisition: Rule/Fouts M/S/P Roll was called: Rob Hopper, Chairtnan Waite, Steve Rule,
Jennifer Barrus and Leona Fouts were present. Motion to exit Executive Session at 1: 20pm:
Fouts/Hopper M/S/P
Motion to exercise the option on the Patterson parcel pending attorney approval: Hopper/Fouts
M/S/P
Chairman Waite presented the 2009 Annual Audit report for review. Motion to present the audit to
Caldwell City Council at their next scheduled meeting: Hopper/Fouts M/S/P
Chairman Waite provided an updated 2010-2014 Estimated Financial Commitments report for
review.
Financial Report provided by Rob Hopper:
December 31 2009 Endi� Balance Earnin�s
� Wells Fargo (debt service 12/31) 2,982,217.07 196.73
Motion to approve the financial report: Fouts/Hopper M/S/P
Rob Hopper presented the following invoices for payment:
$ 2,122.15 TV YMCA Gov't Partners Wellness Program
$ 1,791.75 TV YMCA Business Partners Wellness Program
$ 2,250.00 Wells Fargo Trustee Fee — 2006 Rev Allocation Bond
$ 2,178.75 Hamilton Michaelson Hilty Review of various documents/agreements
Motion to approve the invoices for payment: Fouts/Hopper M/S/P
The next meeting will be held March 2, 2010 at 12:00 noon
Motion to adjourn: Fouts/Nancolas M/S/P
Meeting adjourned at 1:32 p.m.
Respectfully submitted,
Leona Fouts
Secretary
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