HomeMy WebLinkAbout2004-07-07 URA MinutesRegular Scheduled Meeting
CALDWELL URBAN RENEWAL AGENCY
July 7, 2004 - 12:00 noon
Caldwell City Hall Conference Room
The regular scheduled meeting of the Caldwell Urban Renewal Agency was held July 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, Mayor Garret Nancolas, Rob Hopper, and Leona Fouts. Matt Beebe was
absent.
Motion to amend the agenda to add the Bond Purchase Agreement as item #3A under New Business:
Fouts/Nancolas M/S/P
Motion to approve the agenda: Fouts/Hopper M/S/P
Motion to approve the June 2, 2004 meeting minutes: Hopper/Fouts M/S/P
Old Business
CEDC Update: Steve Fultz, Executive Director, provided an update on CEDC activities which
include: the annual summit meeting held in June; Al Ames will be working on the downtown and
county projects during his semi-retirement; the Americorp volunteer, Sean Stevens is leaving and will
be replaced by a new-hire; meetings have been held with several developers in Skyway Ranch area;
staff is researching New Market Tax Credit Program; working with the city on the business assistance
program and have made 14 contacts within the last 4 weeks; sent new business packets to 6 businesses,
made 14 calls on existing businesses and 6 calls on new businesses.
Chairman Waite announced that the Charter School has deemed the proposed site acceptable,
however they are concerned about parking and will be submitting a request for URA to pay for all
parking. This request will be considered during URA’s upcoming budget workshop.
Final draft of the YMCA MOU was presented with several changes/concerns voiced: the verbiage
regarding the sewer bonds needs to be reworked to accurately reflect our pledge and commitment, and
Commissioner Beebe requested verbiage that reduces the URA’s payments by the amount of dollars
coming in through future donations, which was his understanding of our commitment. Chairman
Waite reiterated the final commitment made by URA which was a firm commitment of $7,741,562
along with up to $2,000,000 in financing costs. The only way this amount will be reduced is through
lower interest costs or early payoff. It was suggested that the wording of paragraph 5(b) be changed to
read more clearly. Motion to approve the MOU in concept contingent upon the proposed changes and
approval by attorney, Rick Skinner, and authorize Chairman Waite to sign the document and disburse
the first payment of $300,000: Nancolas/Hopper M/S/P
Mayor Nancolas provided an update on the 11th and Elgin LID: Developers are working with others
to gain more participation in the roadway paving. Road work will begin in September. Rotational
Molding has agreed to participate. The building permit is in the review process.
New Business
The Sky Ranch Park Development Agreement was presented with several changes highlighted.
Motion to approve the agreement with highlighted changes and authorize Chairman Waite to sign the
document: Fouts/Hopper M/S/P
CEURA, 7/7/04, Page 2
The Caldwell School Board presentation was tabled for the budget workshop.
Motion to approve resolution #04-01 for issuance of sewer bonds: Hopper/Fouts M/S/P
Motion to approve the Bond Purchase Agreement: Hopper/Fouts M/S/P
Motion to enter into Executive Session (Title 67-2345 Land Acquisition) at 12:30: Hopper/Fouts
M/S/P. Motion to exit Executive Session at 1:04: Fouts/Hopper M/S/P
Financial report provided by Rob Hopper: Farmers and Merchants checking account balance of
$7,806.45 as of 5/28/04, Farmers and Merchants money market balance of $1,487,483.10 with interest
paid of $1,304.20 as of 5/28/04, and local government investment pool balance of $745,760.37 with
interest paid of 1,262.14 as of 5/31/04. Motion to approve the financial report: Waite/Hopper M/S/P
Motion to approve invoices as follows:
$ 28.49 Idaho Press Tribune Advertisement for Bond Issuance
$ 224.00 Hamilton,Michaelson,Hilty Bond Counsel
$ 479.00 Hamilton,Michaelson,Hilty Dines Property Resolution
Nancolas/Fouts M/S/P
Four representatives from the city of Payette were in attendance to request information and guidance
in forming an urban renewal agency in Payette. (Ron Wrest, Craig Jensen, Mark Helleker, John
Franks) A question and answer session was held and information shared.
The next meeting will be held Tuesday, August 3, 2004 at 12:00noon
Motion to adjourn: Hopper/Fouts M/S/P
Meeting adjourned @ 1:45pm
Respectfully submitted,
Leona Fouts
Secretary