HomeMy WebLinkAbout2012-09-04 URA MinutesPage 1 of 3
Regular Meeting
CALDWELL URBAN RENEWAL AGENCY
September 4, 2012 – 12:00 Noon
Community Meeting Room – Caldwell Police Station
The regular scheduled meeting of the Caldwell Urban Renewal Agency convened at 12:15 Noon on
September 4, 2012 in the Community Meeting Room at the Caldwell Police Station with Chairman
ElJay Waite presiding. Roll was called:
Present: ElJay Waite, Rob Hopper, Kathy Alder, Scott Syme arrived at 12:20
Ex Officio Commissioner present: Mayor Garret Nancolas
Guests: Steve Fultz
Motion to approve the agenda: Alder/Hopper M/S/P
Motion to approve the minutes of the August 14, 2012 meeting: Hopper/Alder M/S/P
OLD BUSINESS
#1: CEDC Activity Report provided by Steve Fultz. Highlights for July/August 2012
• Project Fish…site visit on 8/9/12 with owner, Mayor, engineers, and BVEP. Looking at the FTZ for
potential site. Decision within 90 days. Need is ultimately 20,000 + sq ft for mfg, office, assembly. 20 +
quality jobs
• Project White…site visit week of 8/13/12 with owner for a 45,000 sq ft facility, and creation/retention of 80-
120 jobs. Potential FTZ user
• Project Finish…site visit week of 8/20/12 with owner. 70,000 sq ft building with creation of 50-75 quality
jobs. FTZ user
• Project Prop…site visit in July, offer made…expect decision any day. Considering temporary site while
building new facility. 15,000 sq ft facility with the creation of 15-20 new high-end jobs at airport
• Project Center…new lead for the airport area…proposing new construction of 18,000 sq ft expandable, with
creation of 15-25 new high-end jobs. Job creation grant information shared
• Project Aspen…100,000 sq ft facility headquartered in Canada. Potential 100+ jobs. Several
correspondences with company owned, expect potential site visit in September. FTZ user
#2 FTZ Update – Continue to receive numerous inquiries from potential tenants.
#3 Downtown Project Update – Downtown Project…received responses from two developers indicating
that downtown critical mass is not yet sufficient to support the type of project requested by the committee. Other
options may be considered by the committee.
#4 Public hearing to consider the FY-2013 Budget - Chairman Waite opened the public hearing.
Mayor Nancolas signed up to speak in favor of the budget. No one else signed up or was present for
the hearing. Mayor Nancolas spoke in favor of the budget and urged its passage. Chairman Waite
recited the expenditure and revenue totals and asked for comments from commissioners.
Commissioner Alder supported the budget along with commissioners Syme and Hopper. Motion to
close the public hearing. M/S/P Hopper/Alder.
#5 Discussion of cooperative land and economic development agreement – Eliminate
references to Southwark project, term s/b one year renewable one more year, incorporate Mayor
Nancolas’ economic development approach into agreement, lots marketing and negotiations s/b by
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Mayor’s committee, additional discussions on items 4, 5, 6, 9, & 11 will be required to determine the
necessity of this agreement. No action taken. Mr. Hoover was not present.
NEW BUSINESS
#1 Finance Report provided by Rob Hopper:
Bank of the Cascades Business Ckg Ending Balance Earnings
August 31, 2012 3,097,193.60 -0- Qtrly TCD Interest
Bank of the Cascades Time CD#1 Ending Balance Earnings
August 4, 2012 250,000.00 1,953.43
Balance will remain constant. Interest earnings deposited to Business Ckg
Wells Fargo Savings (#8890) Ending Balance Earnings
August31, 2012 1,065,775.91 45.26
Wells Fargo Checking (non-interest) Ending Balance Earnings
August 31, 2012 3,845.98 0
Wells Fargo Money Market (#8601) Ending Balance Earnings
August 31, 2012 53,595.63 2.27
Local Government Investment Pool Ending Balance Earnings
August 31, 2012 108,045.86 19.01
Zions Bank (Bond Debt Service) Ending Balance Earnings
July 31, 2012 Fund 96 4,713,053.47 None reported
Motion to approve financial report: Alder/Syme M/S/P
#6 Invoices presented for payment: presented by Rob Hopper.
$ 1,695,000.00 City of Caldwell TVCC building Loan
$ 42.32 City of Caldwell Lunch – Sep 4
$ 33,832.50 Zion’s Bank Zion’s Bonds Series 2004
$ 131,812.50 Zion’s Bank Zion’s Bonds Series 2006
$ 566,137.50 Zion’s Bank Zion’s Bonds Series 2008
$ 2,426,824.82
Motion to approve financial report and invoices: Syme/Alder M/S/P
#7 Commissioner Reports
Commissioner Alder reported that the County is moving forward with their building plans and
looking for private investors.
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The next meeting will be held October 2, 2012 at 12:00noon.
Motion to adjourn: Hopper/Syme M/S/P
Meeting concluded at 1:19pm.
Respectfully submitted,
ElJay Waite
Chairman