HomeMy WebLinkAbout2004-09-07 URA MinutesRegular Scheduled Meeting
CALDWELL URBAN RENEWAL AGENCY
September 7, 2004 - 12:00 noon
Caldwell City Hall Conference Room
The regular scheduled meeting of the Caldwell Urban Renewal Agency was held September 7, 2004 at
12:00 noon in the Conference Room @ City Hall with Chairman ElJay Waite presiding. The roll was
called: present were ElJay Waite, Rob Hopper, and Leona Fouts. Mayor Garret Nancolas and Matt
Beebe were absent.
Motion to approve the agenda: Hopper/Fouts M/S/P
Motion to defer the approval of the August 10, 2004 meeting minutes to the October meeting due to
unavailability of the minutes: Hopper/Fouts M/S/P
Old Business
CEDC Update: Steve Fultz, Executive Director, provided an update on CEDC activities which
include: building a data base of the platted lots to provide information on numbers platted and
percentages developed to be used for projections for future growth patterns and unrealized potential for
both commercial and residential; the URA web site should be live by month-end; CEDC website has
received 35,000 hits from 30 different countries; have offered assistance to 9 businesses that have
applied for permits but have had no requests for help; airport grant project is in progress; CEDC is
considering formation of own development corporation; Idaho Athletic is still pursuing the tax credit
program and financial assistance; continued involved in the downtown subcommittee and the Indian
Creek project.
Update from Chairman Waite on the MOU for the Charter School: The legal description has been
received, adjustments made and the final documents are in place. Chairman Waite will meet with the
Charter School representatives this week, and noted that they had previously requested that onsite
parking be considered shared parking and eligible for construction by Urban Renewal. Ralph Smeed
intends to donate the 20 acre parcel when the agreement between UR and Charter is signed.
New Business
Chairman Waite requested approval of the pressurized irrigation system for Pipe Dream Park. All
parties, with the exception of Heartland, have committed to their portion of the cost. Heartland’s
portion will be paid either up front or as a late comer fee when they hook up. Motion to direct
Chairman Waite to become the driving force to begin the construction of the system, and approve
Urban Renewal’s cost of $97,718 plus the potential upfront payment of Heartland’s cost of $33,000
which will be recovered as a late comer fee, for a total payment of $130,718: Hopper/Fouts M/S/P
Motion to approve invoices as follows:
$ 15,000.00 CEDC 3rd Quarter Distribution
$ 153.45 United Oil fuel - Irrigation Pump System
$ 1,710.08 AME Electric August rental – irrigation pump system generator
$ 1,590.83 Priest Electric Pump and motor for irrigation system
$ 4,984.48 AME Electric Wiring for irrigation pump system
$ 1,602.98 AME Electric July rental – irrigation pump system generator
$ 16,819.28 Wire Transfer 1st interest payment on sewer bond (Gross $25,231.67 less
interest revenue of $8,412.39)
CEURA, 9/7/2004, Page 2
Motion continued…
With a request to CEDC to complete the plat project in a manner that provides ease and continuity in
regular maintenance and updates to qualify for payment of special project money budgeted:
Hopper/Fouts M/S/P
Financial report provided by Rob Hopper: Farmers and Merchants checking account balance of
$70,761.90 as of 8/31/04, Farmers and Merchants money market balance of $1,220,637.24 with
interest paid of $1,476.23 as of 8/31/04, and local government investment pool balance of $748,900.08
with interest paid of 732.71 as of 8/31/04. Motion to approve the financial report: Hopper/Fouts
M/S/P
Motion to pay the carryover budget amounts to the City, for payment of final bills to be received after
CEURA’s budget year, for the following projects:
Luby Ball Field Light Project $72,000
Centennial Beautification Project $35,000
Salary for Ken Frazee, engineer $40,000
Hopper/Fouts M/S/P
Motion to approve the 2004-2005 proposed budget dated 9/7/2004 with the following changes:
1. Increase legal fees from $14,000 to $16,000 to cover additional bond fees of $2,000
2. Increase Street Improvement from $90,000 to $102,000 to allow for $50,000 payment for Van
Buren Parking Lot
Hopper/Fouts M/S/P
The next meeting will be held Tuesday, October 5, 2004 at 12:00noon
Motion to adjourn: Hopper/Fouts M/S/P
Meeting adjourned @ 1:26pm
Respectfully submitted,
Leona Fouts
Secretary