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Home My WebLink About2-1-2011 URBAN RENEWAL MINUTES . � • Regular Meeting CALDWELL URBAN RENEWAL AGENCY February 1, 2011 — 12:00 Noon City Administrative Offices, Conference Room The regular scheduled meeting of the Caldwell Urban Renewal Agency convened at 12:00 Noon on February l, 2011 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, Theresa Hardin Guests: Steve Fultz, Jeff Stanley, Russ Poe, Dax Wanless Motion to amend the agenda to include a TVCC update from Kathleen Robinson, PhD., Director of the Caldwell 7`VCC Center: Fouts/Hopper M/S/P Motion to approve the agenda as amended: Fouts/Hopper M/S/P Motion to approve the minutes of the January 4, 2011 meeting: Hardin/Hopper M/S/P SPECIAL PRESENTATION Kathleen Robinson, PhD, Director of the Caldwell TVCC Center, provided an update on the progress of the college. Highlights include the following information: • The Caldwell Center has had 14% growth since September • Enrollment is at 900 students • Average age of students is 32 years • • Most students are working full time jobs in addition to their class load • The Business and Education programs have the highest number of students • Fire Science is a new program that is progressing well • Aviation programs are in the planning stages and will be offered soon • The Viticulture program has been very successful and has an exceptionally effective advisory board that is involved with the students • The Caldwell Center has two distance-education classrooms which have allowed the Center to expand local class offerings Dr. Robinson shared several student stories that demonstrate the determination and desire of many of these students to overcome hardships and seemingly-insurmountable obstacles to gain an education to better themselves and provide for their families. OLD BUSINESS #1: C/CEDC Activity Report provided by Steve Fultz, Executive Directar. Highlights for January 2011 • Continued work with Project Bake (Manufacturer in Sky Ranch) • Continued work with URA incentive program. Currently in discussions with seven applicants. • Continue to work with Chamber on travel tourism strategy (upcoming "Buy Idaho" show booth and wine tour in June) • Working on FTZ concept (with CWI, and prospective tenant of a FTZ) � Working on potential tenant for King's building • Page 1 of 4 � � • • Working with potential call center in downtown • Working with two leads for Sky Ranch (Project Legend, Project Safe) • Working with TVCC on expansion of Viticulture program Mr. Fultz presented two preliminary funding requests for upcoming projects for which formal proposals may be forthcoming: 1) Chukar Cellars: the Viticulture program at TVCC is exploring an opportunity for students to lease incubator space to allow student. development of their own wine label. Request will be for Start-up funding. 2) Foreign Trade Zone: a funding request to hire an FTZ consulting firm to meet with city and business representatives to assist in development of an FTZ. Mr. Fultz noted that they are beginning to see results from the Caldwell Career Training & Education Initiative project prepared by Bruce Schultz. As the major proponent of the initiative, '� CCEDC has volunteered to pay for the cost of the pro-forma document. Mr. Fultz further added that the Business Incentive Program advisory board, established to review and recommend grant applicants, is comprised of inembers of the CCEDC Board of Directors and includes representation from small business, financial, College of Idaho and city staff. #2 Highway 20/26 Corridor: Chairman Waite stated that there may be reimbursement of some funds from TTD for the Exit 29 project to the City. There are several potential projects that • should be considered for these funds. The intersections of Florida/Hwy 55 and Florida/LTstick are both in need of traffic control. Also, the section of Hwy 20/26 from Exit 29 to Smeed Parkway is very important to Caldwell's economic development and streetscape improvements are needed to help generate interest in further development of SkyRanch Business Park and the surrounding area. The 20/26 corridor is way down on the state's project list, so there will not be any state funds available. Consideration will be given to these projects when the reimbursement amount and timetable is known. #3 Review attorney draft of Business Incentive Program: Chairman Waite presented drafts of the Business Incentive Program Quarterly Report and the Grant Agreement and Written Commitment for review and approval. Several minor amendments were discussed and CEDC will be asked to review other program documents to ensure consistency and compliance with these final documents. Motion to approve both the reporting document and the agreement document as amended: Hopper/Hardin M/S/P NEW BUSINESS #1 Consider 5eptember 31, 2010 annual audit: Chairman Waite distributed copies of the annual audit for commissioner review. He noted that it is a good audit and we received a clean opinion. Motion to accept the annual audit and file it with the CEURA Secretary as presented: Hopper/Fouts M/S/P #2 Discuss downtown BID: Moved to next month. • Page 2 of 4 • #3 Finance Report provided by Rob Hopper: Bank of the Cascades Business Ckg Endin� Balance Earnin�s December 31, 2010 234,450.88 24.23 January 31, 2011 19,435.88 -0- Bank of the Cascades Time CD#1 Endin� Balance Earnin�s January 31, 2011 250,000.00 not reported Balance will remain constant. Interest earnings deposited to Business Ckg Wells Fargo Savings Endin� Balance Earnin�s December 31, 2010 734,175.63 221.23 January 31, 2011 2,726,474.10 303.31 Wells Fargo Checking (non-�nterest> Endin� Balance Earnin�s December 31, 2010 2,875.98 n/a January 31, 2011 2,875.98 n/a Home Federal Business Ckg �non-inceresc) Endin� Balance Earnin�s December 31, 2010 75,002.22 n/a ', January 31, 2011 75,002.22 n/a ' Home Federal Repurchase Agreement Endin� Balance Earnin�s � December 31, 2010 190,895.29 January 31, 2011 190,907.84 Home Federal - 30 day Time CD Endin� Balance Earnin�s December 31, 2010 253,93116 310.60 January 31, 2011 254,242.14 310.98 Local Government Investment Pool Endin� Balance Earnin�s December 31, 2010 607,411.78 147.64 January 31, 2011 107,530.10 118.32 Wells Fargo (Debt Service) Endin� Balance Earnin�s December 31, 2010 Fund 96 2,987,509.09 24.56 Motion to approve the financial report: Fouts/Hardin M/S/P #4 Invoices presented for payment: presented by Rob Hopper $ 124,172.05 SunTrust '07 Note Payable Debt Service $ 157.50 Hamilton Michaelson Hilty URA Attorney General Investigation $ 252,677.84 City of Caldwell TVCC Parking Lot $ 65,876.78 City of Caldwell TVCC Utility re-location $ 5,000.00 City of Caldwell ' 09 Audit Motion to approve the invoices for payment: Fouts/Hardin M/S/P • Page 3 of 4 � Invoice paid mid-month: $ 1,000,000.00 Caldwell Family YMCA Annual pledge Motion to ratify payment of the annual pledge: Hopper/Hardin M/S/P #5 Commissioner Reports Chairman Waite reported that Kathy Alder has agreed to serve on the CEURA board in response to our request for the appointment of a County Commissioner as required in our By-laws. No response has yet been forthcoming from the Vallivue School District. The next meeting will be held March 1, 2011 at 12:OOnoon. Motion to adjourn: Hopper/Hardin M/S/P Meeting concluded at 1:55 pm. Respectfully submitted, Leona Fouts Secretary . • Page 4 of 4