HomeMy WebLinkAbout2011-05-03 URA MinutesPage 1 of 3
Regular Meeting
CALDWELL URBAN RENEWAL AGENCY
May 3, 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
May 3, 2011 in the Conference Room at Caldwell City Hall Administrative Offices with Chairman
ElJay Waite presiding. Roll was called:
Present: ElJay Waite, Rob Hopper, Kathy Alder, Teresa Hardin, Ex-Officio Member Mayor
G. Nancolas
Guests: Steve Fultz
Motion to approve the agenda as presented: Hopper/Alder M/S/P
Motion to approve the minutes of the April 5, 2011 meeting: Hopper/Alder M/S/P
OLD BUSINESS
#1: C/CEDC Activity Report provided by Steve Fultz, Executive Director.
Highlights for April 2011
• Grant Applications: reported that we received legal opinions on our two approved
applications (opinion rendered on March 22, 2011)
o Simply Stylin’ business doing well. Qualifies for grant requirements. Application
approved for 30k. Will send grant agreement to attorney for action at next meeting.
o Poe Airshow application...$87,000 qualified expenses. @50% based upon job creation
after review by attorney. Will consider amending application. Created new jobs – 9 in
existing application.
Motion: Accept both applications as presented. Forward them to attorney for review.
Hopper/Alder M/S/P
• Other projects: Call Center has signed lease at Trolley Square. Will begin operation next
month. Initial hire 6.
• 2 previous applications from restaurant business. Steve will continue working with them for
next month.
• Project Bake...meeting with business owner next week.
• Eatery – A restaurant has expressed desire to locate downtown. Working with developer
and owner on location and purchase of site.
• Foreign Trade Zone...Scott Taylor made presentation to local business group on process and
benefits. Presentation proposal from Miller & Co/PC Kansas City, MO not exceed 37K for
all involved in setting up FTZ. Strong support was voiced by commission members.
Motion to authorize expenditure of maximum of 35K to fund the creation of FTZ by CEDC. :
Hopper/Hardin M/S/P
Discussion regarding Urban Renewal Increment values from real and personal property values.
Request CEDC to review occupancy rates and recommend tenants for local businesses.
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NEW BUSINESS
#1: Consider sign request for 217 Kimball.
Motion: Authorize sign placement at 217 Kimball as directed by public works director:
Hopper/Alder M/S/P
#2: Finance Report provided by Rob Hopper
Bank of the Cascades Business Ckg Ending Balance Earnings
April 30, 2011 396,937.70 0
Bank of the Cascades Time CD#1 Ending Balance Earnings
February 28, 2011 250,000.00 0
Balance will remain constant. Interest earnings deposited to Business Ckg
Wells Fargo Savings (#8890) Ending Balance Earnings
April 30, 2011 1,727,176.10 425.85
Wells Fargo Checking (non-interest) Ending Balance Earnings
April 30, 2011 3,845.98 Fees: $8
Wells Fargo Money Market (#8601) Ending Balance Earnings
April 30, 2011 1,047,937.54 256.41
Local Government Investment Pool Ending Balance Earnings
April 30, 2011 107,706.49 25.81
Wells Fargo (Bond Debt Service) Ending Balance Earnings
March 31, 2011 Fund 96 2,593,643.22 28.32
Motion to approve the financial report: Hardin/Alder M/S/P
#3: Invoices presented for payment: presented by Rob Hopper
$ 30.49 Petty Cash lunches/previous meeting
$ 24.35 Albertson lunches/May meeting
$ 447,778.48 Wells Fargo Muni Note: Indian Creek lighting project
$ 612.50 Skinner Fawcett College Facilities/legal
Total: $448,445.82
Motion to approve the invoices for payment: Alder/Hardin M/S/P
#4: Commissioner Reports
Chamber President Hardin reported on a new video. Rodeo and City of Caldwell worked together
to promote Caldwell and community. Rodeo Bulls Contest getting ready to begin.
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Mayor Garret Nancolas reported on VA grand opening. Well attended and very wonderful facility.
Thousands of visitors coming to Caldwell for service. Great benefit to the great men and women
who are veterans.
County Commissioner Kathy Alder reported on economic development effort by county. New
brochures and video.
The next meeting will be held June 7, 2011 at 12:00noon.
Motion to adjourn: Hopper/Hardin M/S/P
Meeting concluded at 1:20pm.
Respectfully submitted,
Magda Ruano
Accounting Supervisor