The URL can be used to link to this page

Home My WebLink About2013-01-08 URA MinutesPage 1 of 3 Regular Meeting CALDWELL URBAN RENEWAL AGENCY January 8, 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 January 8, 2013 in the Caldwell City Hall conference room with Chairman ElJay Waite presiding. Roll was called: Present: ElJay Waite, Rob Hopper, Kathy Alder, Scott Syme and Leona Fouts Ex-officio: Garret Nancolas Guests: Steve Fultz, CEDC Motion to approve the agenda as presented: Fouts/Alder M/S/P Motion to approve the minutes of the November 6, 2012 meeting and the November 26, 2012 Special Meeting: Fouts/Alder M/S/P OLD BUSINESS #1: CEDC Activity Report provided by Steve Fultz. Highlights for December 2012 • Project Fish...IRB discussion, LOI for land transaction moving forward, building concept completed and developer selected • Project White...back on the active list, follow-up this week • Project Clear...working with developer on follow up • Project Phoenix...back in touch first of year (contact from reporter from CA regarding the company’s potential move) • Project Bond...strong possibility for early 2013 • Project Aspen...1st quarter 2013, with site visit to their current facility • Project Finish...1st quarter 2013, with site visit to their current facility • Project JT...wants to move into new facility by end of 2013 • Project Mine...new, back in town in March, agribusiness from IN • Project Green Light...meet with business owner early 2013 • Project micro...still active, looking for builder/lease space • Project Prop...still busy but interested in Caldwell...site visit in early 2013 • Project Sweet...next year, working with realtor on this project • Project Spec...potential at BMC West property and other sites in Sky Ranch • State and BVEP leads are cold for now...Tron, The Blues, Atlas, Model, Norton, Pegasus Other URA District projects • Arrangement/agreement with developer for potential major retail project in Caldwell • Working with developer on potential office location in downtown Caldwell • Working with 2 developers on housing potential/opportunities in downtown #2 FTZ Update Training session in Boise on December 10, 2012…26 attendees 2 new potential projects from FTZ training session…1 existing business in the valley to move to Caldwell, 1 business currently operating in Mexico. Also, prospect of a spec building constructed in Caldwell for FTZ users New FTZ marketing brochure and building FTZ website page Page 2 of 3 NEW BUSINESS #1 Consider Motion to Accept City Council Appointments of Urban Renewal Commissioners. City Councilman Rob Hopper reported that City Council approved the re-appointment of ElJay Waite, Leona Fouts and Kathy Alder to 2015 terms on the URA Board of Commissioners. Motion to accept the city council’s appointments of ElJay Waite, Leona Fouts and Kathy Alder to new terms through 2015: Syme/Hopper M/S/P #2 Consider Motion to Elect Officers for 2013. Chairman Waite opened the floor for nominations for the offices of Chairman, Vice Chairman and Secretary for the 2013 calendar year. Motion to maintain the current slate of officers and re-elect ElJay Waite as Chairman, Theresa Hardin as Vice Chair, and Leona Fouts as Secretary: Alder/Hopper M/S/P #3 Consider Motion to File 2013 Exempt Property Notices with County Assessor. Motion to authorize Chairman Waite to file the annual exempt property notices with the Canyon County Assessor: Alder/Fouts M/S/P #4 Finance Report provided by Rob Hopper: Bank of the Cascades Business Ckg Ending Balance Earnings November 30, 2012 2,495,250.29 1,953.42 Qtrly TCD Interest December 31, 2012 2,688,734.14 Bank of the Cascades Time CD#1 Ending Balance Earnings November 30, 2012 250,000.00 Qtrly to checking acct December 31, 2012 250,000.00 Balance will remain constant. Interest earnings deposited to Business Ckg Local Government Investment Pool Ending Balance Earnings October 31, 2012 108,086.63 20.67 November 30, 2012 108,105.71 19.08 December 31, 2012 250,000.00 18.92 Zions Bank (Bond Debt Service) Ending Balance Earnings Report unavailable Motion to approve the financial report: Fouts/Alder M/S/P #5 Invoices presented for payment: presented by Chairman Waite. $ 750.00 Redevelopment Assoc of Idaho Membership Dues $ 2,800.00 Eide Bailly 2012 URA Audit Fees $ 20,000.00 CEDC Business Contribution $ 1,000,000.00 Caldwell YMCA Pledge 2013 $ 1,023,550.00 Motion to approve the invoices: Fouts/Alder M/S/P Page 3 of 3 #6 Commissioner Reports Scott Syme asked for clarification on bonding and available funding for projects in 2013 and 2014. Chairman Waite stated that bonding is still an option for the taxing entities that will potentially receive increment funding after URA sunsets in 2014. The projected funding would have to be sufficient to warrant the bonding process. The City’s projected increments would be sufficient, however no specific projects have been targeted. The County has already exercised the bonding option for the new administration building. The other taxing entities’ potential increments are not sufficient for bonding. He further stated that URA will have approximately $1.6 million to apply toward projects or incentives during the 8 year period after the sunset. Mayor Nancolas, ElJay Waite and Rob Hopper all noted potential projects for URA funding that included a downtown plaza, downtown housing/retail/office, Exit 29 & Hwy 20/26 corridor properties, SkyRanch infrastructure and other economic development opportunities. Chairman Waite requested a motion to assign a holder for the 2012 county bond funds and has recommended the Fidelity Money Market Fund. Motion to adopt Fidelity as the holder for the 2012 County Bond Funds: Hopper/Alder M/S/P Chairman Waite distributed a copy of the Advisory Committee or Commission Handbook that is published by the city. Although URA is a separate agency and is governed by different statutes, the handbook contains valuable information and Chairman Waite encouraged commissioners to review the information. Kathy Alder announced that garbage continues to rise in the county landfill which is positive economic indicator. Scott Syme noted that housing pricing is coming up and offered to provide a housing activity report to commissioners. The next meeting will be held February 5, 2013 at 12:00noon. Motion to adjourn: Hopper/Syme M/S/P Meeting concluded at 1:10pm. Respectfully submitted, Leona Fouts Secretary