HomeMy WebLinkAbout2009-08-04 URA MinutesPage 1 of 2
Regular Scheduled Meeting
CALDWELL URBAN RENEWAL AGENCY
August 4, 2009 – 12:00 p.m.
City Administrative Offices, Conference Room
The regular scheduled meeting of the Caldwell Urban Renewal Agency convened at 12:00 noon on
August 3, 2009 in the Conference Room at Caldwell City Hall Administrative Offices with Chairman
ElJay Waite presiding. Roll was called:
Present: ElJay Waite, Mayor Garret Nancolas, Leona Fouts, Rob Hopper, Steve Rule, Amy
Rojas
Guests: Rick Wells arrived and departed during Executive Session to present information
specifically requested by the board.
Motion to approve the agenda: Fouts/Rule M/S/P
Motion to approve the minutes of the July 15, 2009 meeting: Fouts/Rojas M/S/P
OLD BUSINESS
C/CEDC Activity Report for July was not available.
Chairman Waite presented the lease agreements between Bitner Vineyards LLC and CEURA for
1,000sf at $417 per month at 217 S. Kimball, and 200lf at $25 per month for the art display wall at
215 S. Kimball. The term of both leases is one year renewable. Motion to approve the leases with
Bitner Vineyards LLC: Hopper/Fouts M/S/P
Agenda Items #4 and #5 are continued to the September meeting.
Chairman Waite stated a need for a special workshop to review the Freehold Development plan for
costs sharing utilities and road work at Sky Ranch Business Center. A special workshop has been
scheduled for Wednesday, August 19, 2009 at 12:00 noon in the conference room at City Hall.
NEW BUSINESS
Motion to enter Executive Session at 12:14pm under Title 67-2345 to consider land acquisition:
Nancolas/Rule M/S/P
Motion to exit Executive Session at 12:57: Rule/Hopper M/S/P
Chairman Waite presented an Assignment, Assumption and Agreement between Oppenheimer
Development and CEURA for the assignment of the Option Agreements held by Oppenheimer for
the purchase of properties at 517 Blaine and 511 Blaine, Caldwell. Motion to approve the
Agreement contingent upon review and approval by the city attorney, and authorize Chairman Waite
to sign the Agreement in order to meet specific time constraints involved with the transaction:
Nancolas/Rule M/S/P
Chairman Waite presented a letter agreement between Oppenheimer Development and CEURA
regarding Oppenheimer’s option to purchase and CEURA’s conditional future purchase of the Hardy
Property. Motion to submit the Letter Agreement from Oppenheimer to the city’s attorney for
review, modifications as suggested including a date certain, and determination as to whether another
method is preferred to transact this business: Rule/Hopper M/S/P
Page 2 of 2
Financial Report provided by Rob Hopper:
July 31, 2009 Ending Balance Earnings
B of C Money Mkt 2,461,450.26 640.09
B of C Business Acct 212,807.01 n/a
B of C Certificate of Deposit 1,204,527.12 4,527.12 (Qtr)
Local Govt Investment Pool Not available
Wells Fargo (debt service 6/30) 2,461,203.68 20.91
Motion to approve the financial report: Fouts/Rojas M/S/P
Rob Hopper presented the following invoices for payment:
$ 21.08 Petty Cash Pizza Hut – URA Lunches Aug 4
$ 97.50 Hamilton, Michelson, Hilty Friend of the Court Appeal
$ 409.13 Air Comfort A/C repair – 215 S. Kimball
$ 2,250.00 Wells Fargo Corp Trust 2004A Bonds
$ 53,728.47 Wells Fargo Corp Trust 2004 Bonds
$ 160,561.95 Wells Fargo Corp Trust 2006A Bonds
$ 357,674.83 Wells Fargo Corp Trust 2008 Bonds
$ 125,810.75 SunTrust 2007 Bonds
Motion to approve the invoices for payment: Fouts/Rojas M/S/P
The next regularly scheduled meeting will be held on Tuesday, September 1, 2009.
Motion to adjourn: Rule/Hopper M/S/P
Meeting adjourned at 1:12 p.m.
Respectfully submitted,
Leona Fouts
Secretary