The URL can be used to link to this page

Home My WebLink About10-2-2012 URBAN RENEWAL MINUTES Regular Meeting CALDWELL URBAN RENEWAL AGENCY October 2, 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 October 2, 2012 in the Caldwell City Hall conference room with Chairman ElJay Waite presiding. Roll was called: Present: ElJay Waite, Rob Hopper, Kathy Alder, Scott Syme, Theresa Hardin and Leona Fouts Guests: Ken Wein amend the agenda Motion to to include New Business item #3A: Approve 2013 URA Board Meeting approve the agenda Schedule, and as amended: Hopper/Fouts M/S/P approve the minutes Motion to of the September 4, 2012 meeting: Hopper/Alder M/S/P OLD BUSINESS #1: CEDC Activity Report provided by Steve Fultz. Highlights for September 2012 Project Pegasus….sent new site information last week. Same site as Project Clear. Project Aspen…will meet later this month on project Project Finish…called last week, awaiting sale of ranch Project Fish…rep back in U.S., open for further discussion, meeting tomorrow Project JT…met with contractor on new building costs, meeting next week with second contractor Project Truck…follow-up later this month, spoke yesterday, project still on Project Clear…no update Project York…Darrell Panike, called and left message with Red Dory Project Prop…moving dollars offered, awaiting commitment letter, end of year Project Model…no update Project Tron…no update Project Atlas…possibly a connection (call inquiring about permit costs), spoke today with site consultant on aviation based company looking for FTZ info. (Fortune 500 company) Project “The Blues”…no update Project Norton…no update Project Bond…moving forward, strong potential Project Sweet…no update Project Inn…meeting last week of September, next meeting in two weeks (Fortune 500 company) Project Corral…no update Project Ace…no update, sill follow-up later this month Downtown: working on Plaza Project, Sundowner Project, CD Downtown Office Project, C of I Project, RC project…meetings last week, will follow-up with consultant by end of month Working with Chamber Travel & Tourism Committee Working with Red Carpet Team Office move to incubator site provides much needed space and saves $150/month in rent Commissioner Scott Syme asked what URA can do to help close these projects and suggested classes and training. Steve Fultz stated that the URA, City and Red Carpet Team have all been instrumental in moving these projects along. With regard to classes, Steve noted that welders are needed now, however he is hesitant to aggressively pursue other training needs of these companies until their deal closes. Page 1 of 4 ElJay Waite reported that he spoke with Dr. Kathleen Robinson, TVCC, and she is willing to make contact with these companies at anytime. Scott Syme further suggested that education is never wasted and financial assistance to help train a work force would be a small price to pay to increase our competitive edge with these projects. #2 FTZ Update Of 19 active projects, 13 are FTZ. Additionally working with 5 businesses outside of magnet zone. NEW BUSINESS #1 Consider TVCC interest in 217 Kimball Chairman Waite presented a proposal to lease the 217 Kimball building (previously the Coyotes Wine Bar) to TVCC for $1.00 per year plus utilities. TVCC could use the space to provide additional room for art students and/or storage. Scott Syme asked if the space has been advertised and stated that the lease should be at market rate so that URA isn’t competing with other vacant properties in downtown. Theresa Hardin voiced concern about the appearance of URA competing with downtown building owners. Scott Syme suggested that the building be sold. Chairman Waite stated that there have been two inquiries from local businesses about leasing the space, however they did not move forward. TVCC is not actively looking for space to lease. They would use the building to provide additional space for art students to create and display their work, however if URA doesn’t offer the proposed lease, TVCC would not pursue additional space. He further noted the benefits of having a vacant building occupied and the utilities paid. Rob Hopper stated that he is not in favor of selling the building, nor is he is favor of competing with other building owners. Kathy Alder voiced support of the proposal because of the positive impact education has on a community and the opportunity to fill a vacant building. Because TVCC is not actively in the market for leasing space, this lease is not competing with other available properties and puts a downtown building back in use. Motion to lease the 217 Kimball building to TVCC for $1.00 per year: Hopper/Fouts In favor: Hopper, Waite, Fouts, Alder. Opposed: Syme, Hardin #2 Accept Revised TVCC Lease. Chairman Waite presented the signed TVCC Lease Agreement Amendment 2012. The amendments to the lease were approved by the commissioners at the July 3, 2012 meeting. He further noted that TVCC has taken over the deli operations.Motion to accept the signed lease agreement: Hardin/Alder M/S/P #3 Consider County Admin Building Project Timeline. Chairman Waite presented a Calendar of Events for the Revenue Allocation Bonding process for the proposed county administration building. The bond could be $8,000,000 for 8 years and scheduled to issue bonds in January 2013. The bond will be repaid from the County’s portion of increment revenues distributed to urban renewal after December 31, 2014. A resolution to support the county admin building project is being prepared by legal counsel to be presented at the November URA meeting. #3A Consider 2013 URA Board Meeting Schedule. Chairman Waite presented the 2013 proposed meeting schedule for URA. Motion to approve the proposed 2013 URA board meeting schedule: Fouts/Syme M/S/P Rob Hopper excused himself from the meeting. Page 2 of 4 #4 Consider Chamber of Commerce Funding Request Commissioner Theresa Hardin presented a proposal in the form of a letter from Ken Wein and supporting documents to request support for a two-day summit conference on tourism in March of 2013. The basis for the conference will be education on tourism and its potential economic impact in Canyon County. The keynote speaker will be Roger Brooks, President, Destinations Development, who has spoken to groups and consulted with cities and regions all across the United States and in foreign countries with great acclaim from his clients. He brings the skills to show and train local businesses and citizens on the benefits of tourism and how to implement an effective tourism program in their area. The conference will qualify as both education and economic development. Chairman Waite will consult with URA legal counsel to determine if this type of project meets the criteria for URA funding. #5 Finance Report provided by Chairman Waite: Bank of the Cascades Business Ckg Ending Balance Earnings September 30, 2012 2,458,767.92 -0- Qtrly TCD Interest Bank of the Cascades Time CD#1 Ending Balance Earnings May 4, 2012 250,000.00 Qtrly to checking acct Balance will remain constant. Interest earnings deposited to Business Ckg Wells Fargo Savings Ending Balance Earnings (#8890) September 30, 2012 -0- -0- Account closed, funds transferred to Bank of the Cascades checking account Wells Fargo Checking Ending Balance Earnings (non-interest) September 30, 2012 -0- -0- Account closed, funds transferred to Bank of the Cascades checking account Wells Fargo Money Market Ending Balance Earnings (#8601) September 30, 2012 -0- -0- Account closed, funds transferred to Bank of the Cascades checking account Local Government Investment Pool Ending Balance Earnings September 30, 2012 108,065.96 20.10 Zions Bank (Bond Debt Service) Ending Balance Earnings August 31, 2012 Fund 96 3,737,800.23 260.23 Motion to approve the financial report: Alder/Hardin M/S/P #6 Invoices presented for payment: presented by Chairman Waite. $ 29.00 Petty Cash Lunch – October 2nd to be paid by TVCC $ 618.75 Superior Signs TVCC Deli Sign – $ 15,000.00 CEDC Quarterly Contribution $ 3,741.00 ICRMP Semi-Annual Contribution - Insurance $ 19,388.75 Page 3 of 4 Ratify: $ 8,884.54 City of Caldwell Kimball Property – Mtnce/operating $ 100,000.00 City of Caldwell Special Project Costs – Skyway ext/Southwark $ 292.78 Idaho Press Tribune Legal ads – URA budget hearing $ 101.08 Idaho Press Tribune Legal ads – Invitation to bid audit, February $ 109,278.40 Motion to remove invoice from Superior Signs for TVCC deli sign, increase CEDC funding to budgeted level of $20,000 quarterly, approve remaining invoices and ratify payments: Syme/Alder M/S/P #7 Commissioner Reports Chairman Waite announced that cash balance projections for December 2014 show potential unrestricted funds of 1.6 million which may allow URA to offer up to eight Business Incentive Grants over the next two years. next meetingNovember 6, 2012 at 12:00noon. The will be held Motion to adjourn: Syme/Hardin M/S/P Meeting concluded at 1:25pm. Respectfully submitted, Leona Fouts Secretary Page 4 of 4