HomeMy WebLinkAbout2017-11-13 URA Minutes CALDWELL URBAN RENEWAL AGENCY
MINUTES
7:00 P.M.
Monday,November 13,2017
(ROLL CALL)
The regularly scheduled meeting of the Caldwell Urban Renewal Agency convened at 7:00 p.m. in the
Caldwell Police Department Community Room with Vice-Chairman Porter presiding.
The secretary called roll. Present: Commissioner Porter, Commissioner Warwick, Commissioner Stadick
(via phone),Commissioner Allgood,and Commissioner Ramirez. Absent: Commissioner Hopper.
(CONFLICT OF INTEREST DECLARATION)
None.
(AMEND/APPROVE AGENDA)
MOVED by Warwick, SECONDED by Allgood to amend the agenda by:
Adding Item 43 under the Consent Calendar to read:
Approve Resolution authorizing the dedication of right-of-way from the Urban Renewal Agency for
property known as 5221 E. Linden Street for the purpose of future development.
REASON: This item was not available until after the agenda was posted.
Adding an item under New Business adding an item requesting invoice approval to read:
Vendor: Kristi Dyer, Amount: $1,045.4, Description: Reimbursement for damaged crops associated
with the Capitol Distributing site.
REASON: This item was not available until after the agenda was posted.
MOTION CARRIED
(SPECIAL PRESENTATIONS)
None.
(PUBLIC COMMENTS)
None.
(CONSENT CALENDAR)
1) Approve minutes from the Urban Renewal Agency Regularly Scheduled Meeting held on October 9,
2017;
2) Approve request to void URA Resolution No. 2017-37 concerning Warranty Deed (Instrument No.
2017-033603)—Badger Creek Investments,LLC.
3) Approve Resolution No. 2017-40 authorizing the dedication of right-of-way from the Urban Renewal
Agency for property known as 5221 E. Linden Street for the purpose of future development.
[ADDED]
MOVED by Allgood, SECONDED by Warwick to approve the Consent Calendar as amended.
MOTION CARRIED
OLD BUSINESS:
Page 1 of 7
(OCTOBER ECONOMIC DEVELOPMENT REPORT—STEVE FULTZ)
Project Rice (Capitol Distributing): Continue to work with the company finalizing details in
preparation for closing.
Project Cold: Currently under construction. Working now on potential acquisition of second lot for
expansion/related industry.
Project Russell: Continue working with this project...primary interest is in Sky Ranch and Skyway
Business Parks (Van Auker site), needing 15-20 acres for an international food processing business.
300+jobs with$20+million investment. Decision on final site expected after first of the year.
New Project from BVEP lead, 450 jobs, non-food related manufacturer. Early stage, employer
interviews. Follow-up with site selector on location review
Project Racing: Continued communication with this project...their projected timing on location
decision is by the end of 2017, construction in 2018. Currently operating in Utah, looking to build
shop for a unique business type. Needs 1.5-acre site to build first phase 10,000 sq.ft. shop and office.
Continue to work with Idaho Power and Intermountain Gas on expansion of power and gas to the Sky
Ranch area in order to accommodate current and future demands.
Project Reagan: This is a new project. The company is strongly considering a site in Skyway
Business Park for warehousing/distribution and office space. The current status of the project is under
contract for the lots,with an expected closing date in mid-January.
Project Arrow: This is a new project. An aerospace business from California, they are considering a
site in Skyway Business Park. Initial facility of 30,000 sq. ft. Working with a brokerage firm on this
project,total investment and job creation is not yet available.
Potential tenant for Strider Group building...working with business and brokerage firm on securing a
user for the full 60,000 sq.ft.building in Sky Ranch.
Project Plastic: This is a new project. The business is considering relocation from California to the
Sky Ranch Business Center and in operation by summer 2018. The company is in the plastics
production industry and will build approximately 12,000 sq. ft. of space for production and office.
Discussion followed concerning the company's interest in the property at 5221 E.Linden. Discussion
followed.
MOVED by Allgood, SECONDED by Ramirez recommend that Mr. Fultz negotiate the opportunity
for the sale of property at 5221 E.Linden with the interested buyer.
MOTION CARRIED
(OCTOBER ECONOMIC DEVELOPMENT REPORT—KERI SIGMAN)
Indian Creek Plaza: Weekly construction/design meetings. Ice Ribbon/Rink pre-construction meeting.
Ongoing alleyway utility coordination, including connections to the new utility services. Continued
fundraiser/donor development work. Brick Campaign started: www.indiancreekplazabricks.com.
Coordination with DC/ICP Executive Director; assisted with interviews for Administrative Assistant,
Marketing Director,and Events Director. Coordination with DC on the management agreement.
Facade & Downtown Incentives: Hosted a mandatory pre-bid meeting for the Local Business
Improvement District(LBID). One bid was received for the Local Business Improvement District; it
was rejected. Worked with Public Works&Engineering to move the program forward. Worked with
other plaza property owners on the Hire and Reimburse program. Nearly all property owners
surrounding the plaza are participating in some form. Helped property owners with Design Review
applications and submittals for October approvals.
Indian Creek Musical Art Park: Selected final artist and began final design proposal. Trolley Square
Project: Reel Theater is under construction. Coordination with theater regarding parking and trash
enclosures. Projected opening:May,2018 (depends on winter conditions).
Page 2 of 7
Community Development Block Grant (CDBG): Coordinated overlapping CDBG and downtown
revitalization projects with Elizabeth McNannay.
College Marketplace: Coordination with Rocky Mountain Development regarding retail pads. Grace
Assisted Living is under construction.
Buxton: Buxton Company representative attended the October Urban Renewal to review year one
results. Beginning to prepare for 2'year site selection. Discussion followed concerning the "priority
area" for the 2nd year site selection. Ms. Sigman stated that the two areas have been discussed with
Buxton Company: 1)Ustick Road area; or 2) 2111 Avenue/Franklin Road to Smeed Parkway. It was
determined that the emphasis should be the 21 st Avenue/Franklin Road to Smeed Parkway area.
Saratoga: Ms. Sigman reported that she recent met with Caldwell Hospitality Group, reviewed
significant cost increases and re-reviewed the Urban Renewal's Request for Proposal and the
developers' response to the Urban Renewal Agency.
She read into the record an email received by Devinder Singh of Caldwell Hospitality, LLC: "The
downtown hotel project was started with sincere intensions. However; when we started the
preliminary plan and shared with few contractors, the cost did not justify the project to continue to
build a hotel compared to the revenue projections. Even though we have spent some funds which are
not recoverable. If City proposes, more incentives such as no cost for land, outside work such as
sidewalks, will make this project more affordable to build. We are thankful for the city and Ms.
Sigman for providing their assistance for this project."
The development team will be working on the project. She noted that it will be a City Council driven
project and a recommendation will be forthcoming to the URA Commissioners for final approval.
In response to questions from Commissioner Ramirez, E1Jay Waite reported that URA provided
demolition/clearing/purchase of the land. Approximately $1.5 million has been invested by the Urban
Renewal Agency to prepare the site for development.
Ms. Sigman stated that she has been working with members of the Sunnyslope Wine Commission who
has facilitated a study for the purpose of determining future growth of the Sunnyslope Wine Trail
Region in relationship to tourism. The study identified downtown Caldwell as the location of a
"boutique"hotel.
Project Duke: Potential downtown restaurant.
BiMart is coming to the vacant site on 10"Avenue -previously the site of Paul's Market.
Four economic development marketing videos have been completed and will soon be released.
Recruitment: All listed recruitment projects are still active and are in some form of business
development, site selection,or start-up.
• Restaurants
• Retailer
• Specialty Store
• Multi-Family Residential
• Hospitality
• Brewery
• Special Event Center
Other
...... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... .........
• Professional meetings with various industries regarding downtown redevelopment and other
commercial retail development throughout the City.
• Downtown Business Coordination: Continued working with businesses and property owners on
construction/revitalization efforts in downtown(utility relocations,facades,street improvements,etc.).
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• Design Review Commission: Supported the P&Z Department and local property owners at the first
Design Review Commission hearing. Three cases were heard for revitalization efforts of three historic
buildings downtown in the City Center District.
• 2111 Ave Surplus: Worked with possible restaurant user and expanding business regarding City
property to be declared as surplus/
• Idaho Conference on Recreation & Tourism: Attended the annual conference in Coeur D'Alene,
Idaho from October 17-19. Focus of conference was on downtown revitalization and Agritourism.
• Media Interviews: Idaho Press Tribune and Idaho Business Review
(UPDATE REPORT FROM DESTINATION CALDWELL)
Kelli Jenkins provided an update report concerning Destination Caldwell. She noted that they recently
hired the Indian Creek Executive Director(Wisti Rosenthal) approximately six weeks ago. The Events
Director has also been hired this week. Fundraising is the priority at this time.
NEW BUSINESS:
(CONSIDER INVOICES FOR PAYMENT FROM THE URBAN RENEWAL AGENCY TREASURER
E1Jay Waite,URA Treasurer at 411 Blaine Street,provided the list of invoices for payment:
VENDOR AMOUNT DESCRIPTION
HMH $4,500.00 October Attorney Fees
City of Caldwell—Econ.Dev. $18,000.00 November Economic Development
Contribution
Electric Wholesale Supply $40,650.00 Indian Creek Plaza—Electrical
City of Caldwell $352,731.49 Reimbursement for City Project
Costs Paid
City of Caldwell $2,910.37 Reimbursement for URA Expenses
Paid
Redevelopment Association $3,250.00 Membership Dues/Legislative
of Idaho Contribution FY-2018
Suzy Crisci $380.00 Reimbursement/Home Inspection
5221 E.Linden
Skinner Land Survey $2,500.00 Record of Survey/0 KCID
Barnes Construction $9,185.25 Building Repairs/217 S.Kimball/
Painted Lad
AMFEC Inc. $25,000.00 BIG—Payment 43
Johnson Thermal Systems $12,500.00 BIG—Payment 47
GGLO $185,962.50 Indian Creek Plaza/Design
Services: August& September
Caldwell Irrigation Lateral $2,721.92 Irrigation Assessments 2018
Pioneer Irrigation Lateral $6,317.76 Irrigation Assessment 2018
McAlvain Construction $308,539.20 Indian Creek Plaza/Construction/
October
Kristi Dyer $1,045.44 Reimbursement for damaged
associated with the Capitol
Development site.
TOTAL $976,193.93
RATIFICATION $449,722.29 Indian Creek Plaza/
McAlvain Construction,Inc. Construction/October
MOVED by Allgood, SECONDED by Warwick to approve the invoices for payment as presented.
MOTION CARRIED
Ratify
Page 4 of 7
(APPROVE RESOLUTION NO. 2017-41 AUTHORIZING THE EXECUTION OF THE REAL
ESTATE LEASE AGREEMENT FOR PROPERTY KNOWN AS 215 S. KIMBALL EFFECTIVE
JANUARY 1,2018—DECEMBER 31,2018)
E1Jay Waite, 411 Blaine Street, provided an update report concerning tenant leases at the URA properties
located at 215 and 217 S. Kimball. He noted Carol Mitchell met with each of the tenants and reviewed the
lease information with them. Each tenant will be responsible for their building's electrical utility billing as
outlined within the lease agreements.
MOVED by Warwick, SECONDED by Allgood to approve Resolution No. 2017-41 authorizing the
execution of the lease agreement at 215 S.Kimball as printed.
MOTION CARRIED
(APPROVE RESOLUTION NO. 2017-42 AUTHORIZING THE EXECUTION OF THE REAL
ESTATE LEASE AGREEMENT FOR PROPERTY KNOWN AS MEZANINE AT 217 S. KIMBALL
EFFECTIVE JANUARY 1,2018—DECEMBER 31,2018)
MOVED by Warwick, SECONDED by Ramirez to approve Resolution No. 2017-42 authorizing the
execution of the lease agreement at 217 S.Kimball(Mezanine)as printed.
MOTION CARRIED
(APPROVE RESOLUTION NO. 2017-43 AUTHORIZING THE EXECUTION OF THE REAL
ESTATE LEASE AGREEMENT FOR PROPERTY KNOWN AS 217 S. KIMBALL EFFECTIVE
JANUARY 1,2018—DECEMBER 31,2018)
MOVED by Ramirez, SECONDED by Warwick to approve Resolution No. 2017-43 authorizing the
execution of the lease agreement at 217 S.Kimball as printed.
MOTION CARRIED
(TREASURER'S REPORT)
E1Jay Waite, URA Treasurer at 411 Blaine Street, presented the Monthly Cash Reconciliation Report and
recommended its approval:
First Interstate Bank-Checking
Ending Balance as of October 31,2017 $6,303,209.27
Restricted amount(Other Tax Districts) $3,919,592.42
Restricted(Caldwell) $1,238,552.28
Restricted(URA Job Creation) $1,145,064.57
Bank of the Cascades Time CD 41
Ending Balance as of October 31,2017 $250,000.00
(Balance will remain constant. Interest earnings deposited to Business Checking)
Local Government Investment Pool
Ending Balance as of October 31,2017: $110,010.39
Zions Bank(Bond Debt Service)
Ending Balance as of October 31,2017: $3,516,898.66
MOVED by Allgood, SECONDED by Warwick to approve the financial report as presented.
MOTION CARRIED
UPDATE REPORTS:
Page 5 of 7
• Hickman Property:
E1Jay Waite reported that if the parcel is sold for the appraised price, the funds could be used to
negotiate for the Crisci property. The two properties are appraised at approximately the same
amount.
• Plaza Financing:
E1Jay provided a handout outlining possible options to pay off the plaza project by April 2018. He
noted that the Urban Renewal Agency could contact the taxing districts to request availability to
incorporate increment revenues and participate in a "Project Construction Investment Pool" by
December 1,2017. The investment pool would carry an annual interest rate of 2.5%. Invested funds
would be repaid over a period of four (4) years but no later than November 30, 2021. E1Jay is
currently working with the City Attorney concerning this matter. He noted that the City uses this
method with its internal funds to finance its own projects.
• Capitol Distributing:
E1Jay reported on the crop damage, which happened when the developer hired a firm to investigate
the property site. The crop damage to the farmer is $7,930.00 (calculated by Brent Orton). He also
noted that when the parcel was purchased, there was an active farm lease on the parcel. The URA
portion of the farm lease amounts to $6,884.56. The City Attorney will send an invoice to Capitol
Distributing for reimbursement of the$7,930.00 since they were responsible for the crop damage.
• 2018 Increment Estimate:
Mr. Waite distributed a handout outlining the current estimated URA tax increment as provided by
County Controller Zach Wagoner. The total value of the real and personal property is $425,435,766
for Canyon County. The City of Caldwell's total value of the real and personal property is
$419,744,406. With the addition of the operating value, the amount totals $435,440,885.
Calculations with the tax rate of 0.008936479, brings the projected increment tax revenue to
$3,891,308.32. He noted that increment payments are received bi-annually from Canyon County.
Mr. Waite provided a handout showing the projected tax increment from Southwark Metal,American
Foods, Manufacturing, Gem State Manufacturing, and Project Fresh. He reported that the Urban
Renewal Agency increment sunsets in 2022 and increment revenue ceases in 2023. Caldwell has
benefited by establishing the Urban Renewal Agency in light of job creation and community
investment.
• Movie Theater:
The Mayor provided an update report on the Movie Theater Project in downtown Caldwell. The
property transfer handled through Pioneer Title is near completion. A check will be issued to the
Urban Renewal Agency in the approximate amount of$25,000 at the time of closing. He noted that
the developer is planning to open the theater in May 2018. Keri Sigman has been very active in
meeting with potential developers and business owners concerning the downtown area.
• Smeed Parkwav Realignment Project
The Mayor reported that the realignment project has been completed by employees of the Street
Department, Water Department, and Parks Department. Landscaping will be installed in the spring
2018. He expressed appreciation to the City crews for their outstanding work on this project.
• Crisci Property:
The Mayor reported that he recently met with Ms. Crisci. There is no longer a desire by the Crisci
family to trade properties involving the Hickman site. City staff have been working with Idaho
Power to identify the 2.5 acres next to the Fresca site,to be used for the substation.
(ATTORNEY'S REPORT)
Maren Erickson of Hamilton, Michaelson, and Hilty reported that City Attorney Mark Hilty has been
involved with the numerous URA development projects.
(CHAIRMAN'S REPORT)
Page 6 of 7
Chairman Porter reported that the Caldwell Housing Authority recently obtained three pieces of property at
the corner of Chicago and Kimball for future development from the Canyon County tax deed sale.
(COMMISSIONER REPORTS)
Commissioner Warwick expressed her excitement with the progress of development within Caldwell.
(EXECUTIVE SESSION PURSUANT TO IDAHO CODE,SECTION 74-206,SUBSECTION(C)FOR
THE PURPOSE OF DISCUSSING THE ACQUISITION OF OR AN INTEREST IN REAL
PROPERTY NOT OWNED BY A PUBLIC AGENCY)
MOVED by Allgood, SECONDED by Warwick to convene into Executive Session pursuant to Idaho Code,
Section 74-206, Subsection(c)for the purpose of discussing the acquisition of or an interest in real property
not owned by a public agency at 8:22 p.m.
Roll call vote. Those voting yes: Allgood, Ramirez, Porter, Warwick, and Stadick. Those voting no: none.
Absent and/or not voting:Hopper.
MOTION CARRIED
MOVED by Warwick, SECONDED by Ramirez to reconvene into Regular Session.
MOTION CARRIED
(ADJOURNMENT)
MOVED by Allgood, SECONDED by Warwick to adjourn at 8:37 p.m.
Approved as written this 111n day of December 2017.
Commissioner Hopper
Commissioner Porter
Commissioner Warwick
Commissioner Stadick
Commissioner Allgood
Commissioner Ramirez
ATTEST:
Debbie Geyer,URA Secretary
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