HomeMy WebLinkAbout2007-04-03 URA MinutesRegular Scheduled Meeting
CALDWELL URBAN RENEWAL AGENCY
April 3, 2007 - 12:00 p.m.
City Administrative Offices, Conference Room
The regular scheduled meeting of the Caldwell Urban Renewal Agency was held April 3, 2007 at
12:00 noon in the Conference Room @ City Administrative Offices with Chairman ElJay Waite
presiding. The roll was called: present were ElJay Waite, Rob Hopper and Leona Fouts. Garret
Nancolas and Steve Rule were excused to attend to priority city and county business. Guests:
Steve Fultz, Dennis Cannon
Motion to approve the agenda: Hopper/Fouts M/S/P
Motion to approve the meeting minutes of March 6, 2007: Fouts/Hopper M/S/P
OLD BUSINESS
CEDC Update: Steve Fultz, Executive Director, provided the following update of C/CEDC
activities: CEDC Activity Report
Notes for Urban Renewal Meeting on April 3, 2007
Caldwell/Canyon Economic Development Council
Continue working with DL Evans Bank on potential location at Blaine and 10th Ave.
Working with retail/commercial development at 3500 block of Nampa/Caldwell Blvd...will be constructing
approximately 25,000 square feet of themed buildings
Working with three large developers interested in downtown Caldwell
Working with Albertson College and the Chamber of Commerce on an Ag themed trade show…scheduled
for May 10th at ACI
Working with Sky Ranch and Norfleet Development on an open house for realtors, developers, and end-
users…scheduled for May 12th
Approached eight (8) prospects for the downtown City Center building. All 8 have shown considerable
interest in expanding their businesses to downtown.
Dennis Cannon provided an update on the Indian Creek Project:
o Provided a redevelopment time line from the Steering Committee
o Lambert Construction to be awarded the bid for Phase II Construction, pending bonding
o HDR Architectural in Boise is working on a design plan
NEW BUSINESS
Chairman Waite presented Resolution #2007-2: Authorizing Indian Creek Restoration
Project Phase II in the Amount of $2,162,947.31. The resolution specifies a construction
agreement, specifies cost, authorizes the Chairman to sign documents and provides for an
effective date. Motion to adopt Resolution #2007-2 pending the bonding approval for Lambert
Construction, authorize Chairman Waite to sign all documents, and authorize Dennis Cannon to
administer the three phases of the construction: Hopper/Fouts M/S/P
Chairman Waite distributed a copy of the 2006 Audit Report prepared by EideBailly. Motion to
accept the report: Hopper/Fouts M/S/P
Commissioner Rule was unavailable to provide information on County Projects. Agenda item
#3 was deferred to the May meeting.
CEURA, April 3, Page 2
Chairman Waite provided a spreadsheet showing urban renewal estimated financial
commitments for the next eight years.
Financial Report provided by Rob Hopper:
February 28, 2007 Ending Balance Earnings
F&M Money Mkt 908,749.52 3,664.65
F&M Business Acct 31,237.36 n/a
F&M Indian Creek 1,060.50 .90
Local Gov’t Pool 815,854.43 2,942.85
Motion to approve the financial report: Fouts/Hopper M/S/P
Rob Hopper presented the following invoices for payment:
$ 27.03 Ship It Fed Ex expense
$ 65.45 Idaho Press Tribune Resolution 2007-1; 1.6 million Bonding
$ 80.00 Air Comfort Repair on Marble Front Rental House
$ 100.00 Urban Renewal Agency Create petty cash for misc exp (meals, etc)
$ 150.00 Ship It Indian Creek Posters
$ 780.00 Hamilton Michaelson Hilty Title reviews, bond requirements
$ 800.00 Ship It Indian Creek Banners
$ 812.50 ICRMP Insurance; 2nd half of ‘07
$ 1,634.02 Blacksmith Signs Billboards: “Making Waves”
$ 3,000.00 City of Caldwell Accounting Fees: Oct - March
$ 11,250.00 Skinner Fawcett Counsel: Revenue Allocation Notes
$ 116,221.58 Lambert Construction Phase 1 Demolition: 2nd Installment
Motion to approve the invoices for payment: Fouts/Hopper M/S/P
Motion to ratify the approval of the Financial Report and Invoices from the March 6, 2007
meeting: Fouts/Hopper M/S/P
The next meeting will be held at the City Administrative Offices @ 411 Blaine on Tuesday, May
1, 2007 at 12:00 noon
Motion to adjourn: Hopper/Fouts M/S/P
Meeting adjourned @ 1:00 p.m.
Respectfully submitted,
Leona Fouts
Secretary