HomeMy WebLinkAbout2013-08-06 URA MinutesRegular Meeting
CALDWELL URBAN RENEWAL AGENCY
August 6, 2013 — 1:00 pm
Caldwell City Hall, Mayor's Conference Room
The regular scheduled meeting of the Caldwell Urban Renewal Agency convened at 1:15pm on August
6, 201' ) in the Caldwell City Hall conference room with Chairman E1Jay Waite presiding. Roll was
called:
Present: E1Jay Waite, Rob Hopper, Kathy Alder and Leona Fouts
Theresa Hardin joined the meeting as noted in the mintues
Ex- Officio: Mayor Nancolas
Guests: Steve Fultz
Motion to approve the agenda as presented: Alder /Hopper M/S /P
Motion to approve the minutes from the June 4, 2013 and July 2, 2013 meetings: Hopper /Alder M /S /P
OLD BUSINESS
#1: CEDC Activity Report provided by Steve Fultz. Highlights for July 2013
• Project Plane... dealing with property evaluations... meeting with company CFO on August 12th
to discuss IRB and other financing.
• Project revisit ... site visit last week, moving forward needing about 10 acres—new sites
information provided at block 7 and BMC property
• NAFTZ conference /FTZ Grantee training in early September
• Project Powder ... ftz user from SLC, information sent, site visit later this month
• Project Grow... from Indiana 30 employees, sent information, conference call scheduled for next
week
• Project Knot Wood ...will be back in Caldwell in August to discuss financials and revisit the
proposed site
• Project northern Gem ... food processor business needing 10 acres
• Project chill ... moving forward, potential visit to their site in September. Possible construction
of 70,000 - 90,000 sq ft mfg facility
• Project piper (formerly bake) ... working with potential investor in the business and relocation to
the area
• Downtown... bringing water to the buildings for sprinkler fire suppression is a key point of
discussion
#2 FTZ Update
• No report
NEW BUSINESS
#1 Executive Session to Discuss Land Acquisition (Title 67- 2345.c)
Motion to enter into Executive Session (Title 67-2345.c) at I.30pm: Hopper /Alder AAS /P
Exited Executive Session at 1:42pm
#2 Consider 2014 Budget Targets
Chairman Waite provided an updated draft of the proposed budget for FY 2013 -2014 and
opened the floor for any other potential projects or expenditures that may need to be included in
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the budget. Recommendation was made to consider a CEDC grant program to award for new
business and fund a benefit plan for the CEDC Executive Director position.
#3 Finance Report provided by Leona Fouts:
Bank of the Cascades Business Ckg Ending Balance Earnings
July 31, 2013 4,806,953.40 -0- Qtrly TCD Interest
Bank of the Cascades Time CD #1 Ending Balance Earnings
May 31, 2013 250,000.00 Qtrly to checking acct
Balance will remain constant. Interest earnings deposited to Business Ckg
Local Government Investment Pool Ending Balance Earnings
July 31, 2013 108,238.44 14.66
Zions Bank (Bond Debt Service) Ending Balance Earnings
July 31, 2013 3,728,004.90 unavailable
Motion to approve the financial report: Hardin /Fouts M /SIP
#4 Invoices presented for payment: presented by Leona Fouts:
$
20,000.00
CEDC
Business contribution
$
127,690.55
Sun Trust
2007 Revenue Notes
$
316.45
City of Caldwell —Water
TVCC pd URA in error, sent to water dept
$
210.00
Hamilton Michaelson
Study of Law re: URA Footprint,
Reallocation area
$
25,000.00
Southwark Metal
2" d Qtr 2013 BIG Payment 42
$
1,750.00
Zions Bank
Annual Trstee Fee:2004 Rev Bonds 2004A
$
174,967.00
Motion to approve the invoices: Hardin /Fouls M/SIP
#5 Commissioner Reports
No reports.
The next meeting will be held September 3, 2013 at the Caldwell Police Department Community
Room @ 12:00noon.
Motion to adjourn: Hardin /Fouts MIS /P
Meeting concluded at 2:00pm.
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