HomeMy WebLinkAbout2012-04-03 URA MinutesPage 1 of 3
Regular Meeting
CALDWELL URBAN RENEWAL AGENCY
April 3, 2012 – 12:00 Noon
City Administrative Offices, Conference Room
The regular scheduled meeting of the Caldwell Urban Renewal Agency convened at 12:00 Noon on
April 3, 2012 in the Conference Room at Caldwell City Hall Administrative Offices with Chairman
ElJay Waite presiding. Roll was called:
Present: ElJay Waite, Theresa Hardin, Rob Hopper, Kathy Alder and Leona Fouts.
Ex-Officio: Mayor Garret Nancolas
Guests: Steve Fultz, Bill Augsburger, Steve Simmons, Rod Dakan
Motion to approve the agenda as presented: Fouts/Alder M/S/P
Motion to approve the minutes of the March 6, 2012 meeting: Fouts/Hopper M/S/P
OLD BUSINESS
#1: CEDC Activity Report provided by Steve Fultz, Executive Director.
Highlights for March
Southwark Metal Manufacturer ground breaking scheduled for April 23rd.
FTZ application is moving through the approval process and has been approved by the US Dept
of Treasury and Customs & Border Patrol. It is now with the US Dept of Commerce.
Downtown Development Project: The Business Recruitment & Expansion (“BR&E)
committee of CEDC is in the process of drafting an RFP (Request for Proposal) for
development of the downtown core. A developer’s incentive package is being defined and
Steve Fultz is requesting input from URA.
Chairman Waite requested that URA commissioners consider the project and develop a list of
questions and/or concerns for in-depth discussion at the May meeting.
#2 FTZ Update: Reference Item #1 above.
#3 Project Air Update: Southwark Metal - Reference Item #1 above.
NEW BUSINESS
#1 Discuss TVCC Coffee Shop Lease.
Chairman Waite stated that TVCC has inquired about taking over the lease of the retail space in
the building and making it part of the college’s program. Kathleen Robinson, Director, will
present a proposal at the May meeting.
#2 Consider Interview Process for Vacant Board Positions.
Chairman Waite reported that two letters of interest have been received for the vacant board
positions from David Clark, business owner and Caldwell City Councilman, and Scott Syme,
business owner. Chairman Waite noted that the URA Board currently has representation from
Caldwell City Council and the intent of increasing the number of commissioners was to expand
representation from the community at large. He further noted that Mayor Nancolas resigned
from the URA Board several years ago in order to limit the number of city elected officials on
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the Board. Due to his role as a city elected official, David Clark will not be considered at this
time. Rob Hopper and Theresa Hardin volunteered to serve on the interview committee with
Chairman Waite. Scott Syme will be contacted and scheduled for an interview.
#3 Finance Report provided by Rob Hopper:
Bank of the Cascades Business Ckg Ending Balance Earnings
March 31, 2012 2,401,595.84
Bank of the Cascades Time CD#1 Ending Balance Earnings
March 31, 2012 250,000.00 Qtrly to checking acct
Balance will remain constant. Interest earnings deposited to Business Ckg
Wells Fargo Savings (#8890) Ending Balance Earnings
March 31, 2012 1,065,552.56 42.25
Wells Fargo Checking (non-interest) Ending Balance Earnings
March 31, 2012 3,845.98 0
Wells Fargo Money Market (#8601) Ending Balance Earnings
March 31, 2012 53,584.40 2.27
Local Government Investment Pool Ending Balance Earnings
March 31, 2012 107,954.50 18.78
Wells Fargo (Bond Debt Service) Ending Balance Earnings
February 29, 2011 Fund 96 3,728,621.25
Motion to approve the financial report: Fouts/Alder M/S/P
#4 Invoices presented for payment: presented by Rob Hopper.
$ 54.68 Idaho Press Tribune Board vacancies legal notice
$ 31.80 City of Caldwell Petty Cash – URA lunch 3/6/12
$ 15,000.00 CEDC 2nd Qtr CEDC contribution pledge
$ 1,750.00 Zions Bank Annual agent fee Rev Alloc Bonds 2008
$ 1,750.00 Zions Bank Annual agent fee Rev Alloc Bonds 2008
$ 18,586.48
Rob Hopper further reported that Simply Stylin’ has met all requirements for the quarterly
payment on BIG-001 grant funding and recommended approval of $3,750.00.
Motion to approve invoices and BIG-001 quarterly payment: Alder/Hardin M/S/P
12:35pm: Rob Hopper exited the meeting due to schedule conflicts.
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#5: Commissioner Reports
Chairman Waite welcomed attendee Rod Dakan and opened the floor for questions or
discussion items. In response to questions from Mr. Dakan, Chairman Waite and Mayor
Nancolas explained the structure and funding of an urban renewal agency and further described
the Caldwell URA’s boundaries and plan.
County Commissioner Kathy Alder noted that the meetings being held by the Canyon County
Commissioners to inform and discuss the proposed construction/changes to the jail and court
house have been well received. She emphasized the benefit of bonding now on the tax
increments that will be forthcoming when URA sunsets in 2014, thereby allowing the county to
move forward with the project; versus budgeting annually and having to wait for adequate
reserves to begin the needed project. No formal project assistance has been requested of Urban
Renewal.
The next meeting will be held May 1, 2012 at 12:00noon.
Motion to adjourn: Fouts/Hardin M/S/P
Meeting concluded at 12:56pm.
Respectfully submitted,
Leona Fouts
Secretary