HomeMy WebLinkAbout2001-01-16 URA MinutesRegular Scheduled Meeting
CALDWELL URBAN RENEWAL AGENCY
January 16, 2001 - 12:00 noon
Caldwell City Hall Conference Room
The regular scheduled meeting of the Caldwell Urban Renewal Agency was held January 16, 2001 at 12:00
noon in the Conference Room @ City Hall with Chairman ElJay Waite presiding. The roll was called: present
were ElJay Waite, Mayor Garrett Nancolas, Mike Gable, Terry Rinearson and Leona Fouts.
Motion to approve the agenda: M/S/P Gable, Fouts
Motion to approve the November 7, 2000 minutes: M/S/P Rinearson, Gable
New Business
A presentation was given by Bob Carpenter and John Montgomery on behalf of the Downtown Core to update
the commission on the plans and progress of the group to revitalize downtown. No action was required or taken
by the commission.
Motion by Gable to match the Rotary Club member donations of $7,866 to begin the improvements at Rotary
Pond. M/S/P Gable, Rinearson
Mayor Nancolas presented the site proposal for Vallivue School District. Approximately 10 acres, Ward Ave.
South of 20/26, and adjoining 5 acre city park site @ $20,000 per acre, for a $300,000 investment. Sellers are
offering no interest and no payments until 2007. Refer to memo in file dated January 9, 2001 between Lloyd
Glasgow, developer, and ElJay Waite for details. Motion by Gable to authorize Mayor Nancolas and Waite to
enter into an option agreement with the developer: to be drawn by legal counsel and include time frames and a
clause to protect URA and the school district if time frames need to be advanced, and to give due consideration
to URA cash flow and developer needs. M/S/P Gable, Rinearson
Motion by Mayor Nancolas to approve the purchase of a tape recorder to assist Secretary in recording minutes.
M/S/P Nancolas, Fouts
Motion by Gable to retain current slate of officers for 2001. ElJay Waite, Chair; Mike Gable, Vice Chair;
Leona Fouts, Secretary. M/S/P Gable, Rinearson
Financial report given by Gable: 12/31/2000 balance of $196,909.98 plus interest payment of $776.04 resulting
in ending balance of $197,686.02. Total interest paid year-to-date is $7,000.21. Projected revenue for 2001 is
$377,601.80. Current payables: Skinner-Fawcett @ $1,326.00; Property Taxes @ $907.92 and $482.30;
Irrigation @ $878.01. Motion to approve payables made by Fouts. M/S/P Fouts, Rinearson
General Discussion:
Schedule of financial commitments from 2001 through 2007 will be available at the next meeting. Annual
report is due to the council March 31st.
Underground cabling for power is more costly, but important in protection of airport. URA may need to
participate in infrastructure expense between 20/26 and Ustick and the freeway to Middleton Rd. Idaho Power
has a five year reimbursement program from 0 – 80% that will be worth consideration.
Motion to adjourn by Fouts. M/S/P Fouts, Nancolas
Meeting adjourned at 1:00pm
Respectfully submitted
Leona Fouts, Secretary