HomeMy WebLinkAboutURA RES 2016-46 RESOLUTION NO. 2016-46
A RESOLUTION BY THE URBAN RENEWAL AGENCY FOR CALDWELL, IDAHO
ACCEPTING THE URBAN RENEWAL LAND PRICE POINTS EFFECTIVE
JANUARY 1,2017.
BE IT HEREBY RESOLVED that the Caldwell Urban Renewal Agency accepts the land price
points, a copy of which is attached hereto as "Exhibit A"and incorporated herein as set forth in full.
PASSED BY THE CALDWELL URBAN RENEWAL AGENCY this 14th day of November,
2016.
APPROVED BY THE CHAIRMAN OF THE URBAN RENEWAL AGENCY OF THE
CITY OF CALDWELL on this 14th day of November, 2016.
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URA Land Price Points without CBH Land Swap and Acquisition
Purchase Acquired Site
Account Acres Site Address Price From Sq.Ft. $/Sq.Ft. Infrastructure Total$ $/Sq.Ft. Intended Use
3528710200 1.42 0 SKYWAY ST - Freehold 61,855 - Landscaping Buffer
3528710200 0.28 0 SKYWAY ST 16,466 Freehold 12,197 1.35 2.10 Commercial/Stormwater/Parking
3528710300 0.62 0 SKYWAY ST 36,460 Freehold 27,007 1.35 2.10 Commercial
1489513800 0.46 0 SMEED PKWY 27,051 Freehold 20,038 1.35 Smeed Landscaping Buffer
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1489511100- 2.55 4009 CHALLENGER WAY 91,149 Freehold 111,078 0.82 43,733 134,882 1.36 Industrial
3432601100 10.00 0 KCID RD(Ward Road) 166,667 URA 435,600 0.38 343,502 510,168 1.17 Commercial/Light Industrial
3432601200 4.58 0 KCID RD(Ward Road) 76,333 URA 199,505 0.38 157,324 233,657 1.17 Commercial/Light Industrial
3529400000 19.00 5221 E.Linden 1,300,000 Hickman 827,640 1.57 652,653 1,952,653 2.36 Industrial
3530000000 11.60 0 E LINDEN ST 555,826 Lemrick 505,296 1.10 398,462 954,287 1.89 Industrial
45.18 2,098,826 1,968,041 1.07 1,551,940 3,650,766 1.86 Industrial
I 47.73 Total All Properties 2,189,975 2,079,119 1,595,673 3,785,648 1.82 I
Improvements: Sq.Ft. Total$ , 5/Sq.Ft.
Challenger Way cul-de-sac 33,733 CBH 635,105 243,000 0.38
Challenger Way easement vacation 10,000 Freehold 111,078 134,882 1.36
Total 43,733 Hickman 827,640 1,300,000 1.57
Smeed/Linden Realignment 820,600 Lemrick 505,296 2,107,766 4.17
Canal Relocation 731,340 I 2,079,119 3,785,648 1.82 I
KCID,Linden&Ward street improvements -
Total 1,551,940
Grand total 1,595,673
Land price points:Commercial$2.10/sq.ft.,Industrial$1.81/sq.ft.without real estate commission,
$1.87/sq.ft.with 3%real estate commission.Industrial properties price includes Smeed Parkway
realignment and Canyon Hill canal relocation.Price point does not include street improvemnets to KCID,
Ward Road and Linden.
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EXHIBITA