HomeMy WebLinkAbout2011-07-05 URA MinutesPage 1 of 3
Regular Meeting
CALDWELL URBAN RENEWAL AGENCY
July 5, 2011 – 12:00 Noon
City Administrative Offices, Conference Room
The regular scheduled meeting of the Caldwell Urban Renewal Agency convened at 12:00 Noon on
July 5, 2011 in the Conference Room at Caldwell City Hall Administrative Offices with Chairman
ElJay Waite presiding. Roll was called:
Present: ElJay Waite, Rob Hopper, Teresa Hardin, and Leona Fouts
Guests: Steve Fultz, Roger Buhler, Amanda Buhler
Motion to approve the agenda as presented: Fouts/Hopper M/S/P
Motion to approve the minutes of the June 7, 2011 meeting: Fouts/Hopper M/S/P
OLD BUSINESS
#1: CEDC Activity Report provided by Steve Fultz, Executive Director.
Highlights for June 2011
• Foreign Trade Zone: moving forward, potential location is 765 acres in SkyRanch, working
with 13 property owners, application filing should be ready to submit in July pending the
final legal description and letters of support from businesses and Ada & Canyon County.
• Business Incentive Grant Applications: two new applications received and in review:
o National Marketing Solutions: Call center locating in Trolley Square, 15-16 employees
o American Eagle Renewable: wood pellet manufacturer, contract with D&B for product
purchase, 15-16 manufacturing jobs
#2: Business Incentive Grant Review: Applications pending, not ready for final approval.
NEW BUSINESS
#1: Review Finalists for the TVCC Retail Space.
Steve Fultz reported that 11 responses were received and reviewed by the CEDC Review
Committee for operation of the Espresso/Deli retail space in the education building.
Selection criteria was established through interviews with the major tenant and primary
customer of the coffee shop (TVCC) and CEURA, and includes an owner & crew with
broad based restaurant/coffee experience, consistent operating hours, changing variety in the
menu, affordable items, flexible and friendly operator and staff, improved signage, desire to
pursue community involvement, ideas and vision for expansion of client base beyond the
school, and other. Three applicants were recommended for final review and selection by
CEURA: The Bent Fork Restaurant, Imelda’s Restaurant & Coffee Shop, and Mike &
Wendy Johnson/Farm Boy Drive-In in Middleton.
Interviews with the three finalists will be held on Wednesday, July 13, 2011, beginning at
11:30am in the conference room at City Hall. The interview panel will include CEURA
commissioners. Steve Fultz will contact finalists and schedule the interviews.
#2: Consider Bond Refunding Options.
Chairman Waite noted that SunTrust is anxious to retain our business and is willing to lower
the interest rate on our current funding. A proposal will be submitted at the next meeting.
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#3: Review UR Projects and Commitments Spreadsheet.
Chairman Waite provided an estimate of CEURA’s financial commitments through 2014
and advised caution with new projects due to probable reductions of revenue from property
taxes next year.
#4 Finance Report provided by Rob Hopper
Bank of the Cascades Business Ckg Ending Balance Earnings
June 30, 2011 146,289.89 0
Bank of the Cascades Time CD#1 Ending Balance Earnings
May 4, 2011 250,000.00 Pd Qtrly
Balance will remain constant. Interest earnings deposited to Business Ckg
Wells Fargo Savings (#8890) Ending Balance Earnings
June 30, 2011 1,672,911.32 343.71
Wells Fargo Checking (non-interest) Ending Balance Earnings
June 30, 2011 3,845.98 0
Wells Fargo Money Market (#8601) Ending Balance Earnings
June 30, 2011 1,048,394.14 215.41
Local Government Investment Pool Ending Balance Earnings
June 30, 2011 107,761.52 26.09
Wells Fargo (Bond Debt Service) Ending Balance Earnings
April 30, 2011 Fund 96 2,593,686.58 21.32
Motion to approve the financial report: Hardin/Fouts M/S/P
#8: Invoices presented for payment: presented by Rob Hopper
$ 177.63 Idaho Press Tribune Ad – Deli Tenant
$ 8,579.67 CEDC FTZ Funding 2nd request
$ 15,000.00 CEDC 3rd Qtr Funding
$ 23,757.30
Motion to approve the invoices for payment: Fouts/Hardin M/S/P
#9: Commissioner Reports
Leona Fouts, Secretary, reported that requests have been received for e-mail distribution of
minutes to private citizens. The monthly e-mail distribution sent by Leona is intended for
review by commissioners prior to final posting and is not necessarily ready for public
review. She recommended that citizens be referred to the public posting site and provided
with the link which will ensure they are receiving the final/approved minutes. Chairman
Waite will work with the City Clerk to establish a communication process for these requests.
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The next meeting will be held August 2, 2011 at 12:00noon.
Motion to adjourn: Hopper/Hardin M/S/P
Meeting concluded at 12:55pm.
Respectfully submitted,
Leona Fouts
Secretary