HomeMy WebLinkAbout2004-02-03 URA MinutesRegular Scheduled Meeting
CALDWELL URBAN RENEWAL AGENCY
February 3, 2004 - 12:00 noon
Caldwell City Hall Conference Room
The regular scheduled meeting of the Caldwell Urban Renewal Agency was held February 3, 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 include approval of the December 15, 2003 minutes: Fouts/Hopper M/S/P
Motion to approve the agenda as amended: Fouts/Hopper M/S/P
Motion to approve the December 15, 2003 and January 6, 2004 meeting minutes: Fouts/Hopper M/S/P
Old Business
Reviewed the comments on the Freehold Development Land Exchange Agreement received
from Carl Hamilton, Attorney, who was responding on behalf of Mark Hilty. Motion to authorize
Chairman Waite to sign the land exchange agreement and all associated closing documents and
checks after our attorney approves the final agreement: Hopper/Nancolas M/S/P
New Business
CEDC Update: Steve Fultz, Executive Director, provided an update on CEDC activities which
include: distribution of 21 packets to site selectors last month, summit meeting scheduled for June
10-12 to which all URA commissioners are invited, $450,000 USDA grant submitted for ethanol
project, application to assess potential contamination grant submitted, continued negotiations with
Idaho Athletic Club for relocation to SkyRanch Development, CEDC representation on the city’s
landscape ordinance committee, ongoing work on virtual incubator for high-tech business.
Review of the Thomas Jefferson Charter School Memorandum of Understanding. Motion to
authorize Chairman Waite to sign the Memorandum of Understanding and initiate action to
complete URA commitments within the Memorandum of Understanding: Nancolas/Hopper M/S/P
Rob Hopper read communication from the Canyon County Commissioners confirming that Matt
Beebe has been appointed to serve as the Canyon County representative on the URA Board of
Commissioners.
Motion to approve invoices from 1) City of Caldwell business LID for property assessments for
$300.00, 2) Attorneys for $266.00 for Roedel, $1753.38 for URA 2003 amendments, $462.00 for
Hoover transaction, $1589.00 for judicial bond review and $72 filing fee for judicial bond review:
Fouts/Nancolas M/S/P
Financial report provided by Rob Hopper: Farmers and Merchants checking account balance of
$13,520.03 as of 12/31/03, Farmers and Merchants money market balance of $320,764.73, with
interest paid of $300.81 as of 12/31/03, and local government investment pool balance of
739,395.91 with interest paid of 1,224.99 as of 12/31/03 and balance of $740,590.36 with interest
paid of $1,194.45 as of 1/31/04. Motion to approve the financial report: Fouts/Nancolas M/S/P
CEURA, 2/3/04, Page 2
Chairman Waite announced a tax revenue payment to URA in the amount of $1,043,000.44!! The
revenue was temporarily placed in the Farmers and Merchants money market account awaiting
action from the board. Motion to transfer the tax revenue payment of $1,043,000.44 from the
money market account into the local government investment pool: Fouts/Hopper M/S/P
The next meeting has been scheduled for Tuesday, 3/2/04 at 12:00noon
Motion to adjourn: Hopper/Fouts M/S/P
Meeting adjourned @ 12:55pm.
Respectfully submitted,
Leona Fouts
Secretary