HomeMy WebLinkAbout2001-02-08 URA MinutesRegular Scheduled Meeting
CALDWELL URBAN RENEWAL AGENCY
February 8, 2001 - 12:00 noon
Caldwell City Hall Conference Room
The regular scheduled meeting of the Caldwell Urban Renewal Agency was held
February 8, 2001 at 12:00 noon in the Conference Room @ City Hall with Chairman
ElJay Waite presiding. The roll was called: present were ElJay Waite, Mike Gable, and
Leona Fouts.
Motion to amend the agenda to reverse the order of agenda items #3 and #4: M/S/P
Gable, Fouts.
Motion to approve the agenda as amended: M/S/P Fouts, Gable
Motion to approve the January 16, 2001 minutes: M/S/P Gable, Fouts
New Business
1) Request for financial assistance to bring 10 megawatts of power from Linden Sub
to Flying J plus a reconductor along Hwy 20/26 to KCID Rd ($367,664), plus right of
way, for a total cost of approximately $375,000. (Several different options available at
varying costs. Refer to attachment in file.) Presentations in support of the request given
by: John Laude, K & L Development
Glen Koch, Caldwell Unlimited
Jamie Hoover, Freehold Development
John Blaye, CEDC
All parties have projects in progress in the area affected. All testified that Idaho Power
assured them of adequate power prior to beginning their projects, and have recently
learned that the power is no longer available because of increased demand. In order to
move their projects forward, power must be made available. Budgets are affected greatly
and timing is critical. Completion of these projects will have a direct impact on future
revenues for URA.
Chairman Waite informed the group that funds are not currently available from URA to
fund this request. Waite suggested a partnership with the developers, with the possibility
of the developers fronting the expense and URA reimbursing as revenues come in.
Waite agreed to review the numbers and ascertain the extent of URA’s ability to assist.
He will check with the City attorney to determine how URA can make this fit within
URA’s policies and parameters. Mike Gable will work with the developers to help
facilitate a partnership proposal.
2) Presentation and request from Fred Cornforth, C.D.I/I.D.A.H.O., and Caleb
Roope, Pacific Communities of Idaho LLC for a letter of preliminary commitment to
assist in financing a portion of the costs for a proposed multi-family rental project in the
City of Caldwell. (Details available in letter/attachments from Caldwell Ashton Place
Associates dated 2/6/2001, in file) This request falls within the URA 2003 budget for
multi-family housing developments. Payment on this project can be deferred until
completion. The question was raised as to whether or not the URA is able to enter into
an agreement that has a 40-year life.
Motion to authorize Chairman Waite to confer with the city attorney to determine our
parameters in such an agreement and draft a letter of preliminary commitment similar to
the sample provided. M/S/P Gable, Fouts
Financial Report given by Gable: 1/31/01 balance: $383,589.76. Motion to approve
payables: I.D.A.H.O. @ 1,903.46, and I.D.A.H.O. @ 1,609.08. M/S/P Gable, Fouts
Chairman Waite announced the resignation of commissioner Terry Rinearson. A search
for candidates is in progress.
Motion to adjourn. M/S/P Fouts, Gable
Meeting adjourned @ 1:55pm
Respectfully submitted,
Leona Fouts
Secretary