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Home My WebLink About2015-08-18 URA MINUTES CALDWELL EAST URBAN RENEWAL AGENCY Tuesday,August 18,2015 12-.00 p.m. AGENDA ROLL CALL CONFLICT OF INTEREST DECLARATION APPROVE AGENDA SPECIAL PRESENTATIONS PUBLIC COMMENTS CONSENT CALENDAR 1. Approve minutes from the Urban Renewal Agency Regularly Scheduled Meeting held on July 21, 2105 and the Special Meeting(Budget Workshop)held on August 10,2015. OLIN BUSINESS 1. Economic Development Activity Report(July/August 2015)---Steve Fultz. NEW BUSINESS 1} Public workshop/meeting to discuss and receive comments concerning the proposed FY- 2015 Urban Renewal budget for the fiscal year beginning October 1, 2015 and ending September 34,2015. 2} Accept the tentative FY-2016 Urban Renewal budget and set the date of September 1, 2015 for a public hearing to adopt the finalized budget during the Special Urban Renewal Meeting to be held at 12:00 p.m. 3} Consider invoices for payment from Treasurer: Vendor Amount Description Motion Industries $17,500.00 B$G Grant Payment#4 Hamilton,Michaelson&Hilty 7,773.75 July Attorney Fees TOTAL $259273.75 4} Finance and Activity Report from Treasurer. 5} Chairman's report. 6} Commissioner reports. 7} Motion to adjourn. Upcoming Urban Renewal Agency Meetings: Tuesday,September 1,2015 at 12-.00 p.m.-Special Public Hearing Tuesday,September 15,2015 at 12-.00 p.m.- Regularly Scheduled Meeting Location: Community Room at the Caldwell Police Station at 110 South Fifth. Any person needing special accommodations to participate in the meeting should contact the Secretary to the Urban Renewal Agency at 411 Blaine Street or call #455-4656 prior to the meeting. The entire agenda packet and minutes may be viewed on the City of Caldwell's website: http:Ilwww.cltyofealdweli.corn/page/AgendasT/or httl2:Hcaldwellonll*ne.org/urban- renewal Cualquier persona que necesita arregios especiales para,pa.rticipar en la reunion debe comunicarse con el Secretario de la Ciudad en 411 Blaine Street o flame al 9 455 a.4656 antes de la.reunl6n. REGULAR MEETING MINUTES CALDWELL URBAN RENEWAL AGENCY AUGUST 18,2015 12:00 P.M. (ROLL CALL) The regularly scheduled meeting of the Caldwell Urban Renewal Agency convened at 12:00 p.m. in the Caldwell Police Department Community Room with Chairman Hopper presiding. Roll was called by the secretary. Present: Commissioner Hopper, Commissioner Callsen, Commissioner Pollard, Commissioner Biggers,and Commissioner Feucht,and Commissioner Ozuna(via phone). Staff Present: E1Jay Waite,Steve Fultz,Brent Orton,and Robb MacDonald. (CONFLICT OF INTEREST DECLARATION) None. (AMEND/APPROVE AGENDA) MOVED by Pollard, SECONDED by Feucht to amend the agenda by adding items under Old Business due to the fact that the information was not available at the time the agenda was posted: * Add Item #2 to read: "Consider acceptance of the Commitment Letter from Banner Bank in behalf of the Caldwell School District for use of URA taxing district funding for renovations at Caldwell High School;" • Add Item#3 to read: "Discuss URA/Lemrick property purchases;" • Add Item#4 to read: "Discuss Funding Implementation Agreement with Caldwell School District." MOTION CARRIED MOVED by Callsen,SECONDED by Feucht to approve the agenda as amended. MOTION CARRIED SPECIAL PRESENTATIONS None. PUBLIC COMMENTS None. CONSENT CALENDAR: 1. Approve minutes from the Urban Renewal Agency Regularly Scheduled Meeting held on July 21, 2015 and the Special Meeting(Budget Workshop)held on August 10,2015. MOVED by Callsen,SECONDED by Biggers to approve the Consent Calendar as presented. MOTION CARRIED OLD BUSINESS: (ECONOMIC DEVELOPMENT AC'T'IVITY REPORT [JULY/AUGUST 20151—STEVE FULTZ) Mr.Fultz reported on the progress of the Lemrick Project. Project I-Way: Continue working with business and developer. Project Aspen: Canadian-based manufacturer, considering U.S. location. Project possibly working in cooperation with Project I-Way. PAGE 1 OF 4 Project Moon: was in the Boise Valley for a quick site visit,will assess sites and narrow search in the next 2 weeks. Large manufacturer needing 260,000 square foot facility, 253 jobs. Caldwell site (Sky Ranch/URA property). Project Hurt: potential downtown site...working with realtor,business,and downtown property owner. Project Out...Project located in East Caldwell site—has met with red carpet team to discuss development. Project AgWay...new and expanding business to Caldwell...has eliminated Sky Ranch site,but still considering a location in Caldwell. Still an active site. Project Wake: New lead (from site selector in Portland) on distribution center considering the Ontario/Fruitland/Caldwell market. Desirous of existing building 75,000 to 200,000 square foots or build to suit. Information submitted on Sky Ranch site. Meeting with potential developer in Sky Ranch. Project Arcadia..new project from BVEP; 500 jobs to be created, $34 million investment; working to submit site and incentive packet;decision on location announcement by end of 2015. Project Aviator: New project of commercial use in downtown Caldwell. Meetings with property owners and developer representatives...early stage discussion. Project Cap: New project for downtown...met with potential developer and property owner to discuss opportunities...letter of intent submitted. Project Ghost: new project for Sky Ranch...distribution facility considering Treasure Valley and Magic Valley for location. 35,000 to 50,000 sq. ft. Looking for existing space—will show Van Auker property in Sky Ranch...desire to be moved in late November ...first choice of existing building fell through. Project Interstate: New project for manufacturer. Site visit to Sky Ranch in June...50+jobs to build 40,000+ square foot facility. Project Rocky...new project looking for warehouse space and light manufacturing. Discussion on site possibilities for location. Early stage. Project Marvel...new project to Caldwell,desiring 100 acres. Site visit on 0/11/15. Auto assembly facility and some manufacturing. CDBG Entitlement for Caldwell...acceptance letter drafted. (CONSIDER ACCEPTANCE OF THE COMMI'T'MENT LETTER FROM BANNER BANK IN BEHALF OF THE CALDWELL SCHOOL DIS'T'RICT FOR USE OF URA TAXING DISTRICT FUNDING FOR RENOVATIONS AT CALDWELL HIGH SCHOOL) ElJay Waite, Urban Renewal Treasurer at 411 Blaine Street, presented the Commitment Letter from Banner Bank for$2,500,004 to fund the planned expansion of the Caldwell Nigh School. The fixed tax-exempt interest rate is 3.35% interest with a bank origination fee of$3,000 payable upon closing. A pre-payment option is included. There is a twelve month period to complete the project. Financing has been approved. MOVED by Pollard,SECONDED by Feucht to approve the commitment letter from Banner Bank and authorize the chair to execute the document as presented. MOTION CARRIED (DISCUSSION CONCERNING THE URBAN RENEWAL AGENCYILEMRICK PROPERTY PURCHASES) EIJay Waite reported that the closing documents should be ready this a.ftemoon at Pioneer Title. All of the agreements have been approved by both parties and their attorneys. A First- Right of Refusal Agreement has been included with the documents regarding four parcels. PAGE 2 OF 4 MOVED by Feucht, SECONDED by Callsen to authorize Chairman Hopper to execute the completed closing documents with Lemrick Properties at Pioneer Title. MOTION CARRIED (DISCUSS FUNDING IMPLEMENTATION AGREEMENT WITH CALDWELL SCHOOL DISTRICT) E1Jay Waite reported that the funding implementation agreement was previously presented to the URA Commissioners. It was recommended that the URA Treasurer and the City Attorney review the documention in association with the Banner Bank Commitment Letter and report back to the URA Commissioners at the September URA meeting. MOVED by Callsen, SECONDED by Feucht that the Caldwell High School Funding Implementation Agreement be reviewed by staff concerning the proper adjustments and be brought back to the URA meeting in September for consideration. MOTION CARRIED NEW BUSINESS: (DISCUSS AND RECEIVE COMMENTS CONCERNING THE PROPOSED FY-2016 URBAN RENEWAL BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2015 AND ENDING SEPTEMBER 30,2415) E1Jay Waite presented the draft Urban Renewal Agency budget spreadsheet and discussion followed concerning each of the line items. (ACCEPT THE TENTATIVE FY-2016 URBAN RENEWAL BUDGET AND SET THE DA'L'E OF SEPTEMBER 1, 2415 FOR A PUBLIC HEARING TO ADOPT THE FINALIZED BUDGET DURING THE SPECIAL URBAN RENEWAL MEETING TO BE HELD AT 12:00 Palms.) MOVED by Feucht, SECONDED by Callsen to accept the adjusted Urban Renewal Agency FY-2016 budget in the amount of$11,695,960, let it stand as the tentative budget and set the date of September 1, 2105 for a public hearing to adopt the finalized budget during the Special Urban Renewal Meeting to be held at 12:00 p.m. MOTION CARRIED (CONSIDER INVOICES FOR PAYMENT FROM TREASURER) E1Jay Waite,411 Blaine Street, presented the following invoice for payment: VENDOR AMOUNT DESCRIPTION Motion Industries $17,500.00 BIG Grant Payment#4 Hamilton,Michaelson&Hilty $ 7,773.75 July Attorney Fees TOTAL $259273.75 MOVED by Pollard,SECONDED by Feucht to approve the invoices as presented. MOTION CARRIED (FINANCE AND ACTIVITY REPORT FROM TREASURER) ElJay Waite reported that the Incentive Grant Guidelines draft document for low interest loans for downtown facade improvements has been created and will be reviewed by the city attorney. The finalized document will be brought back to the Urban Renewal Agency Commissioners in the September meeting for discussion. Bank of the Cascades Business Checkincy Endincy Balance Earnin sFees June 30,2015 $55241,081.70 $191.17 • $2,551,552.48 of the fund is available for LIRA projects. ■ $600,000 went to pay bond debt in the first part of August 2015. • Checks were written in the amount of$1045335.66. PAGE 3 OF 4 �Bank �..�w � e .'fir .... ��..... _.._.. w....w� w. .. � � ��.w .�.e a.. G('Wemynept...�Investment�.Pool _�.....�.....__.w.w....w., E " .1 June 30,2 5 m 08 526.15 ;j "8 0 ... ios a � c 1 �.�'l S� " w � 30,20 15 $ (01AIRMAYS REPORT) aimia,n reported on the rodeo activity iri . Paul, 'u r ' M.,ry w w.l r^i.s evetit i suggested �..�,. research, "„•...,�raw ,�.� conducted. ��.,. �. ..r. .,..,..,ry ,.�I,.... i��,�"r �� ,.. m, •,, ..m. ..,� i 1`111e� ,resew e �w, �� ,., q DiSCLISSi011 ,�. field w rvi cem l.a�iV.g various, civic p i z s . .. o� .e w cities [Ae;r.ide_ Rapid., �� .f� suggested tzn f.��t (COMMISSION research be coridUcted to loc,ate other loc, active, arowid civic plazas. rie. (ADJOURNMENT) Approved as "'teil,ffiis 15t"'dc,ly of 20 1 5, 0 WMISSIONER,Ul P E'R c()NINIU S"1 .:fZ, .L ��.°1-1 71"" a d * A'TTES'"F- NGENCy0'*#* Debbie tlMW.mN.W�rvwmemrwn'm uwWww'^wwmmww,W%^"""�w+w+�wum� w Mhwwwmmuwww'uwinn�wximw.wxxu ww � wit, woo PAGE 4 OF 4 " �� •�.. !H