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Home My WebLink About7-3-2012 URBAN RENEWAL MINUTES F,,' � Regular Meeting � CALDWELL URBAN RENEWAL AGENCY July 3, 2012 — 12:00 Noon Caldwell City Hall, Mayor's Conference Room The regular scheduled meeting of the Caldwell Urban Renewal Agency convened at 12:00 Noon on July 3, 2012 in the Caldwell City Hall conference room with Vice-Chair Theresa �Iardin presiding. Roll was called: Present: Rob Hopper, Theresa Hardin, Kathy Alder, Scott Syme and Leona Fouts. ElJay Waite joined the meeting as noted in the minutes. Ex Officio Commissioner present: Mayor Garret Nancolas Guests: Steve Fultz, Jamie Hoover � Motion to approve the agenda as presented: Fouts/Alder M/S/P Motion to approve the minutes of the June 5, 2012 meeting: Fouts/Alder M/S/P Chairman Waite joined the tneeting. OLD BUSINESS #1: CEDC Activity Report provided by Steve Fultz, Executive Director. Highlights for June 2012 • Distributed current project listing to commissioners. CEDC has 14 businesses in various stages of inquiry and negotiation for land availability/acquisition or existing building leases within the . Sky Ranch and Caldwell Industrial Airport areas. Thirteen of the projects are solid leads and have good potential of reaching an agreement. Mayor Nancolas provided Steve Fultz with another lead from a business interested in locating in Caldwell. #2 FTZ Update • 7 of the potential new projects noted in Old Business item #1 are interested in FTZ use. • Working with 7-8 existing businesses in the Boise/Nampa area that are interested in the F'TZ. #3 Downtown Project Update . • Working with two quality restaurants interested in downtown locations. • Assisting two developers that have expressed interest in the downtown project. NEW B�USINESS #1 Consider Developer Partnership 5imilar to Former Southwark Partnership. Jamie Hoover, Freehold Development, presented a proposal to extend the success of the Southwark partnership model to other new projects within the Sky Ranch development. The proposal targets the remaining 162 acres in the 28.72 acre parcel where Southwark is located, and the 43.49 acres in the southeast section containing Freehold's 21.9 acres (Block 7) and URA's 21.50 acres (SRBC#2) of remaining park land. The proposal includes the ability to structure an incentive package similar to Southwark's to create a competitive market price for the land, and the conversion of URA's 21.5 acres from intended park land to job creation property. Several of the inquiries received by both CEDC and Freehold Dcvelopment are • requesting larger blocks of land that could be satisfied by vacating the Slipstream roadway and Page 1 of 3 � r joining URA's 21.5 acres with Freehold Development's 21.9 acres. Rob Hopper noted that the • City's budget includes impact fees from the planned park land, thereby creating a need to secure park land elsewhere in the city to replace the land in Sky Ranch. Chairman Waite stated . that URA would need to accomplish two tasks to make this proposal viable: (1) find new land to replace the park land and (2) fix the A-drain that runs through the land in Sky Ranch. Chairman Waite further stated that the proposal will need to be reviewed by URA's attorney, Rick Skinner, to determine feasibility and URA's ability to honor this proposal beyond URA's sunset in December 2014. Following considerable discussion, the commissioners agreed that, contingent upon approval from legal counsel, each project package would be reviewed independently and, if the right jobs are created, URA is conceptually supportive of the proposal. #2 Consider Land Acquisition. Chairman Waite reported that Mark Hess has countered our offer of $20,000 for the Kimball parcel north of the former Mr. C's Carpet with a new price of $33,500. URA Commissioners agreed to not pursue the purchase of the property. #3 Review 2013 TVCC Lease Payment Schedule. Chairman Waite distributed a copy of the TVCC Initial5-Year Term Rent and noted the following: •$20,000 of the increase in Year-2 rent is earmarked for ongoing maintenance and repair of mechanical equipment (Year-1 was covered under warranties). •$20,000 of the increase in Year-3 is earmarked for marketing the college to help ensure • enrollment reaches capacity by Year-6. ` Chairman Waite noted that TVCC currently contracts the maintenance and repairs with an outside company. Chairman Waite will meet with TVCC to strategize the best use of the $20,000 maintenance and marketing allowances going forward. The lease will need to be adjusted to more specifically address the maintenance and marketing allowances. Discussion ensued with salient points being: • TVCC needs to be at enrollment capacity by year six in order to continue meeting the rent schedule. They are on track at this point. • Marketing will be a key element to enrollment expansion over the next three years. • TVCC fills an important role for local industry in their ability and willingness to respond quickly with curriculums to meet the needs of local businesses. • TVCC's funding is fee based, not tax based. #4 Consider Motion to Establish TVCC Building Maintenance and TVCC Enrollment Expansion Plan. Motion to work with TVCC in developing a marketing plan for year-3, 9/1/2012 — 8/31/2013, and to adjust the lease to more specifically cover maintenance and marketing allowances: Hopper/Alder M/S/P • Chairman Waite exited the meeting. #5 Finance Report. No report available. • Page 2 of 3 �, , . #6 Invoices presented for payment: presented by Rob Hopper. � $ 315.93 City of Caldwell-Water TVCC water � $ 15,000.00 CEDC Quarterly pledge $ 15,315.93 Motion to approve invoices: Alder/Fouts M/S/P #7 Commissioner Reports No Report The next meeting will be held August 7, 2012 at 12:OOnoon. � Motion to adjourn: Fouts/Hoppers M/S/P Meeting concluded at 1:40pm. Respectfully submitted, Leona Fouts Secretary � � • Page 3 of 3