HomeMy WebLinkAbout2009-07-15 URA MinutesPage 1 of 2
Regular Scheduled Meeting
CALDWELL URBAN RENEWAL AGENCY
July 15, 2009 – 1:00 p.m.
City Administrative Offices, Conference Room
A meeting of the Caldwell Urban Renewal Agency convened at 1:00 pm on July 15, 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, Steve Rule, Amy Rojas.
Rob Hopper arrived as noted in the minutes
Guests: none
Motion to approve the agenda as presented at the July 7, 2009 meeting, continued to July 15, 2009
due to lack of quorum: Rule/Rojas M/S/P
Motion to approve the minutes of the June 16th and July 7, 2009 meetings: Fouts/ Nancolas M/S/P
OLD BUSINESS
None
NEW BUSINESS
Chairman Waite informed the commissioners that CEURA has been invited to join a class action suit
against attorney Scott Campbell for his alleged unethical and inappropriate actions on behalf of
Pioneer Irrigation District. CEURA would be listed as a plaintiff and would benefit from any
monetary settlement made in favor of the plaintiffs. CEURA has specific evidence of loss due to the
actions of Scott Campbell. Motion to participate as a plaintiff in the class action suit against Scott
Campbell: Rule/Fouts
Rob Hopper arrived and was counted as present.
Chairman Waite presented Resolution 2009-2 (TVCC Funding Request) for review and discussion.
This resolution initiates the TVCC building project and allows TVCC to begin taking action to
resolve the inadequate classroom space and services available to serve the much larger-than-projected
increase in enrollment for summer and fall classes until the new building is available. Chairman
Waite further explained that Section 3 of the resolution calls for an agreement between CEURA and
TVCC to incorporate this funding request into the long-term growth plans of the Caldwell Center.
Discussion ensued regarding the nature of the long-term plan and the need to consider this current
funding request as a loan to TVCC, with repayment to be structured as part of the future lease
payment schedule. Motion to authorize Chairman Waite to negotiate an agreement for a zero
interest loan to TVCC for the amount of this funding request, with the agreement to be incorporated
into the proposed Resolution, and further require specific documentation from TVCC on their long-
term growth and investment plans in Caldwell, thereby delaying funding of this specific request until
a final agreement with TVCC is approved by CEURA: Hopper/Fouts Votes in favor: Hopper,
Fouts, Rojas, Nancolas, Waite. Votes against: Rule
Financial Report provided by Rob Hopper:
June 30, 2009 Ending Balance Earnings
B of C Money Mkt 457,771.30 339.42
B of C Business Acct 73,183.59 n/a
B of C Certificate of Deposit 1,203,269.59 3,269.59
B of C Certificate of Deposit 300,616.75 616.75
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Local Gov’t Pool 604,946.97 403.10
Wells Fargo (debt service 5/30) 2,461,203.68 20.91
Motion to approve the financial report: Fouts/Rule M/S/P
Rob Hopper presented the following invoices for payment:
$ 2,333.09 TV YMCA, 6/30 invoice Business Partners Wellness Program
$ 2,718.41 TV YMCA, 6/30 Gov’t Partners Wellness Program
$ 10,000.00 Oppenheimer Option on the Hardy site
$ 3,564.16 Friends of the Court Rexburg case
$ 1,452.00 ICRMP 2009-2010
$ 30.48 Petty Cash Pizza Hut – URA Lunches July 7
$ 15,000.00 C/CEDC 3 Qtr commitment
Motion to approve the invoices for payment: Fouts/Nancolas M/S/P
GENERAL DISCUSSION
Chairman Waite announced that negotiations were progressing with land purchases for future
parking. Asking prices are realistic for Colima’s and the vacant lot to the west, however the asking
price for Elaine’s Fabrics parcel is being reviewed.
Chairman Waite informed the board that the lease agreements for 215 & 217 So. Kimball are
complete at $5 per square foot, for approximately 1,000 sq ft in each location, in accordance with the
previously approved motion from the board.
Chairman Waite referenced a letter received from Bank of the Cascades offering options to ensure
that CEURA is protected with FDIC insurance on all funds. Chairman Waite will follow-up with
Bank of the Cascades and pursue moving some funds to other institutions if the situation warrants.
The next regularly scheduled meeting will be held on Tuesday, August 4, 2009.
Motion to adjourn: Hopper/Fouts M/S/P
Meeting adjourned at 2:03 p.m.
Respectfully submitted,
Leona Fouts
Secretary