HomeMy WebLinkAbout2013-03-05 URA MinutesPage 1 of 2
Regular Meeting
CALDWELL URBAN RENEWAL AGENCY
March 5, 2013 – 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
March 5, 2013 in the Caldwell City Hall conference room with Chairman ElJay Waite presiding. Roll
was called:
Present: ElJay Waite, Theresa Hardin, Scott Syme, Leona Fouts and Rob Hopper via phone
Ex-officio: Garret Nancolas
Guests: Steve Fultz, Ray Wolfe, Dave Gipson
Motion to approve the agenda as presented: Fouts/Hardin M/S/P
Motion to approve the minutes of the February 5, 2013 meeting: Fouts/Hardin M/S/P
OLD BUSINESS
#1: CEDC Activity Report provided by Steve Fultz. Highlights for February 2013
• Project Water…Provide weekly updates/communications with the company as we await their
decision. Would expect a decision anytime
• Project Aspen...back in touch, more info to share. Moving aggressively in identifying site and
opportunity
• Montana Timber products…Providing site and demographic information…should make
decision on site any day.
• Johnson Thermal...still progressing...looking at April/May move-in date. interested in lot
across from Southwarks. Received cad file from Van Auker and making revisions...also
working with them on their WOSB certification
• Working with Van Auker’s project with Darigold expansion.
• Discussion with an area developer on the BMC-west property...working with the developer and
Colliers on that site (potentially a portion of the property)
• Working with potential developers on retail project...the group has secured a site and
considering other opportunities in downtown
• Project Finish...called last week (Craig out of town, call back this week)
• Working with Freehold development on potential expansion of business park
• Working with developer to construct a bonded warehouse for FTZ clients (currently working
with 6 small businesses to locate warehouse space in Caldwell FTZ 280)
#2 FTZ Update
• Working on FTZ annual report (submittal due 3/31/13)
NEW BUSINESS
#1 Discuss Local Business Development Incentives
Chairman Waite presented and reviewed the Development Incentives package from Nampa
Development Corporation. Discussion ensued regarding suggestions and options for
structuring an incentive program if the City decides to reinvest their URA increment funding in
business development when URA sunsets. Steve Fultz, CEDC, stated that keeping the
incentive program simple and easy to understand is important. Southwark and other businesses
have praised Caldwell’s incentive plan for its clarity. Chairman Waite stated that infrastructure
costs can be funded by URA and then reimbursed by the sale of the lots. Using city engineers
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and labor helps keep infrastructure costs down. Steve Fultz noted that the Foreign Trade Zone
provides us with a key advantage.
#2 Finance Report provided by Rob Hopper:
Bank of the Cascades Business Ckg Ending Balance Earnings
February 28, 2013 3,859,609.46 -0- Qtrly TCD Interest
Bank of the Cascades Time CD#1 Ending Balance Earnings
February 28, 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
February 28, 2013 108,156.79 14.67
Zions Bank (Bond Debt Service) Ending Balance Earnings
February 28, 2013 3,725,562.64 140.14
Motion to approve the financial report: Fouts/Syme M/S/P
#3 Invoices presented for payment: presented by Rob Hopper
$ 34.87 Petty Cash Lunch meeting 2/6/13
$ 300.00 Eide Bailly 2012 URA Audit Fees – final billing
$ 100,000.00 Vallivue School Dist 3rd of 4 year pledge – academy renovation
$ 1,750.00 Zions Bank Trustee/Dissemination agent fee – 2006A bonds
$ 1,750.00 Zions Bank Trustee/Dissemination agent fee – 2008 bonds
$ 388.32 Caldwell Irrigation Common lot / Acct #122458
$ 121.00 Caldwell Irrigation lt1/blk1 Thomas Jefferson
$ 121.00 Caldwell Irrigation lt4/blk1 Skyway Drive
$ 104,465.19
Motion to approve the invoices: Hardin/Fouts M/S/P
#4 Executive Session to Discuss Land Acquisition
Motion to move to Executive Session 67-2345 at 12:45pm: Fouts/Syme M/S/P
Exit Executive Session at 1:35pm
#5 Commissioner Reports
No reports
The next meeting will be held April 2, 2013 at 12:00noon.
Motion to adjourn: Fouts/Hardin M/S/P
Meeting concluded at 1:40pm.
Respectfully submitted,
Leona Fouts
Secretary