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Home My WebLink About3-6-2012 URBAN RENEWAL MINUTES (2) �- � • Regular Meeting CALDWELL URBAN RENEWAL AGENCY March 6, 2012 — 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 7, 2012 in the Conference Room at Caldwell City Ha11 Administrative Offices with Chairman E1Jay Waite presiding. Roll was called: Present: E1Jay Waite, Theresa Hardin and Leona Fouts. Kathy Alder present via teleconference. Ex-Officio: Mayor Garret Nancolas Guests: Steve Fultz Motion to approve the agenda as presented: Alder/Fouts M/S/P Motion to approve the minutes of the February 7, 2012 meeting: Fouts/Alder M/S/P OLD BUSINESS #1: CEDC Activity Report provided by Steve Fultz, Executive Director. Highlights for February • Southwark Metal Manufacturer update: Industrial Revenue Bonds approved by IDC and City, sale of property scheduled to close this week. • Continued work with downtown development project...meeting with Gardner Development on • potential investment. Discussion with potential investor for downtown...develop RFP for pilot project, meeting with owners of Flying M coffee shop • Continueci work on FTZ opportunity for Caldwell airport...meeting with prospective business/use; several businesses eagerly awaiting the FTZ. • Potential business to Caldwell Airport: propeller manufacturer, needs FTZ • Meeting with potential new industrial business to Caldwell (existing business in Boise outgrown current location) — landlocked manufacturer in Boise, needs FTZ • Meeting with Developer on potential downtown project (looking at city blocks) Steve Fultz further noted CEDC's appreciation for Urban Renewal's efforts in the Southwark project. #2 FTZ Update provided by Steve Fultz, CEDC Steve Fultz presented the need for an FTZ conference to provide information and education on the FTZ; what it is, what it is not, updated legislation and benefits of an FTZ. The anticipated audience will include prospective businesses, bankers, media, city leaders/officials and members of the Boise Valley Economic Partnership. The estimated cost to bring in Scott Taylor to facilitate and present is $3,500. This cost is part of the funding reimbursement request for startup costs that will be presented from CEDC. Motion to approve CEDC to bring in Scott Taylor to conduct the conference as part of the startup costs for the FTZ: HardinlAlder M/S/P #3 Project Air Update: Reference Item #1 above. • NEW BUSINESS Page 1 of 3 .- . • #1 Consider BIG-002 Grant Agreement. Chairman Waite presented the Construction and Development Agreement between URA and Southwark Metal Manufacturing Co., documented as BIG-002 Grant Agre�ment. Southwark's grant application has been approved by legal counsel and meets all criteria for the Business Incentive Grant. Motion to approve the BIG-002 Grant Agreement pending documentation from Southwark to name their designee in the Agreement: Fouts/Alder M/S/P #2 Consider Interview Process for Vacant Board Positions. Chairman Waite recommended a public announcement of our board vacancies to invite interested parties to apply for the open positions. An interview process will be scheduled to select commissioners and Chairman Waite recommended Theresa Hardin to facilitate the announcement and selection process. Motion to approve a public announcement for the board vacancies and to authorize Theresa Hardin to manage the interview process: Alder/Fouts M/S/P 12: 35pm: Mayor Nancolas exited the meeting due to schedule conflicts. #3 Finance Report provided by Chairman Waite: Bank of the Cascades Business Ckg Endin� Balance Earnings February 28, 2012 2,254,099.90 1,953.42 TCD interest Bank of the Cascades Time CD#1 Ending Balance Earnin�s February 28, 2012 250,000.00 Qtrly to checking acct � Balance will remain constant. Interest earnings deposited to Business Ckg Wells Fargo Savin�s (#ss9o) Endin� Balance Earnin�s February 28, 2012 1,065,507.31 42.33 Wells Fargo Checking �non-inreresc) Endin� Balance Earnin�s February 28, 2012 3,845.98 0 Wells Far�o Monev Market (#s6oi� Endin� Balance Earnin�s February 28, 2012 53,582.13 2.13 Local Government Investment Pool Endin� Balance Earnin�s February 28, 2012 107,935.72 17.30 Wells Far�o Bond Debt Service) Ending Balance Earnin�s January 31, 2011 Fund 96 2,998,801.47 83.33 Motion to approve the financial report: Fouts/Hardin M/S/P #4 Invoices presented for payment: presented by Chairman Waite. $ 24.98 Idaho Press Tribune Public Notice — 2011 activities � $ 30.00 City of Caldwell Petty Cash — URA lunch 2/7/12 $ 375.00 Wells Fargo Corp Trust Trustee Fee URA Rev Allocation 2006A Page 2 of 3 i �, , • � I I • $ 315.00 Hamilton Michaelson Misc. Legal Fees I $ 388.32 Caldwell Municipal Irrig Common lot/E Caldwell Urban #122458 $ 121.00 Caldwell Municipal Irrig Lt4/Blk1 Skyway Dr #121847 $ 121.00 Caldwell Municipal Irrig Lt1/Blkl Skyway Dr #121845 � 1,000.00 Redevelopment Assoc of ID Legislative support $ 2,375.30 Chairman Waite noted that the Redevelopment Association of Idaho is in place to educate, define and direct Urban Renewal Agencies and provide legislative support. Urban Renewal attorneys statewide have determined and approved the legality of supporting the association. Motion to approve the invoices for payment: Fouts/Hardin M/S/P #5: Commissioner Reports County Commissioner Kathy Alder informed the commissioners that the vacant Southwest District Health building is in need of significant roof repairs. The board of SWDH is looking into options of sale, lease or demolition. The next meeting will be held Apri13, 2012 at 12:OOnoon. Motion to adjourn: Fouts/Hardin M/S/P Meeting concluded at 12:42pm. • Respectfully submitted, Leona Fouts Secretary . Page 3 of 3