HomeMy WebLinkAbout2011-04-05 URA MinutesPage 1 of 3
Regular Meeting
CALDWELL URBAN RENEWAL AGENCY
April 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
April 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, Leona Fouts, Kathy Alder
Guests: Steve Fultz
Motion to amend the agenda to include “Consider Acceptance of Commissioner Resignation” as
New Business Item #1A: Hopper/Fouts M/S/P
Motion to approve the agenda as amended: Hopper/Alder M/S/P
Motion to approve the minutes of the March 1, 2011 meeting: Fouts/Hopper Alder abstained.
M/S/P
OLD BUSINESS
#1: C/CEDC Activity Report provided by Steve Fultz, Executive Director.
Highlights for March 2011
• Grant Applications: reported that we received legal opinions on our two approved
applications (opinion rendered on March 22, 2011)
o Simply Stylin’ had $74,200 in qualified expenditures...CEDC revises the
recommendation to fund at $30,000 (as requested) pending final submittal of valid
project invoices, quarterly reports and other items as mentioned on the attorney's report.
o Poe Airshow application...$87,000 qualified expenses. CEDC revises the
recommendation to fund $43,500 (50% of eligible expenses) pending submittal of final
information, quarterly reports, and executed grant agreement. Further, with the second
phase of the project soon to begin, CEDC would entertain a second application from Poe
based on additional jobs created and added investment in Caldwell.
• Other projects: CEDC working with Project t-call...a 25-30 seat call center in downtown.
Decision could be made within the next 30-60 days.
• Project Bake...meeting with business CEO and the builder on April 18th. Decision could be
made within the next 30 days.
• Oregon based family restaurant considering downtown location. LOI submitted in April.
• Foreign Trade Zone...meeting with the Marshall Miller Company (on feasibility) and
prospective user businesses in April.
• New project (Project Brick) new 40,000-45,000 sq ft office use in downtown...project in
early stage (working with site selector/realtor)
Chairman Waite presented two revisions to Page 2 of the Grant Agreement and Written
Commitment as suggested by legal counsel. Terms, provisions and conditions #1 GRANT amended
to include verbiage referencing Idaho Statutes Title 50-2904(14) and better define the payout period
of the grant award. Motion to approve the changes and submit the revised document to legal
counsel for final approval: Hopper/Fouts M/S/P
Page 2 of 3
NEW BUSINESS
#1: Report on attorney review of CHA proposal.
Chairman Waite reported that URA’s attorney has reviewed the $25,000 request from Caldwell
Housing Authority for start-up funding for environmental studies for the Caldwell Housing
Corporation. This specific request does not qualify for urban renewal funding and must be
declined. CEURA supports the housing project and will consider funding for the next phase of the
project. Kathy Alder suggested that CHA consider a Brownsfield Grant. Chairman Waite will
communicate that option to CHA.
#1A: Consider Acceptance of Commissioner Resignation.
Chairman Waite presented Amy Rojas’ letter of resignation from the Board of Commissioners. Rob
Hopper voiced gratitude for Amy’s service on the Board. Motion to accept the resignation of Amy
Rojas, and to extend an invitation to the Board of Trustees of Caldwell School District #132 to
name a replacement to fill the vacancy: Hopper/Alder M/S/P
#2: Finance Report provided by Rob Hopper
Bank of the Cascades Business Ckg Ending Balance Earnings
March 31, 2011 319,820.65 not reported
Bank of the Cascades Time CD#1 Ending Balance Earnings
February 28, 2011 250,000.00 not reported
Balance will remain constant. Interest earnings deposited to Business Ckg
Wells Fargo Savings (#8890) Ending Balance Earnings
March 31, 2011 1,727,750.25 555.23
$1,000,000 transferred to new Well Fargo account #8601
Wells Fargo Checking (non-interest) Ending Balance Earnings
March 31, 2011 2,853.98 Fees: $8
Wells Fargo Money Market (#8601) Ending Balance Earnings
March 31, 2011 1,000,000.00 139.73
Local Government Investment Pool Ending Balance Earnings
March 31, 2011 107,680.68 29.59
Wells Fargo (Bond Debt Service) Ending Balance Earnings
February 28, 2011 Fund 96 3,692,043.65 not reported
Motion to approve the financial report: Fouts/Alder M/S/P
#3: Invoices presented for payment: presented by Rob Hopper
$ 26.00 Petty Cash March lunches
$ 1,960.00 Hamilton Michaelson Hilty Miscellaneous Legal
$ 10,000.00 CCEDC FTZ and Chukar Cellars funding
$ 15,000.00 CCEDC 2nd Qtr pledge for econ developmt activities
$ 2,250.00 Wells Fargo Trustee Fees: Bond 2008A
Page 3 of 3
$ 350.00 Skinner Fawcett Incentive Grant
$ 111.00 Caldwell Municipal Irrig Skyway Dr., Lot 4/ Blk 1
$ 111.00 Caldwell Municipal Irrig Thomas Jeff Charter Lot 1/ Blk 1
$ 378.32 Caldwell Municipal Irrig Common Lot, South of DOL Bldg
Motion to approve the invoices for payment: Alder/Fouts M/S/P
#4: Commissioner Reports
Mayor Garret Nancolas reported that a workshop will be held on Monday, 4/11/2011, at 6:00pm at
the Police Station to discuss a road project to upgrade Exit 29 and the widening of Hwy 20/26 from
Aviation Way to Smeed Parkway.
The next meeting will be held May 3, 2011 at 12:00noon.
Motion to adjourn: Fouts/Hardin M/S/P
Meeting concluded at 1:10 pm.
Respectfully submitted,
Leona Fouts
Secretary