HomeMy WebLinkAbout2017-12-11 URA MINUTES CALDWELL URBAN RENEWAL AGENCY
MINUTES
7:00 P.M.
Monday,December 11,2017
(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 Chairman Hopper presiding.
The secretary called roll. Present: Commissioner Hopper, Commissioner Porter, Commissioner Warwick,
Commissioner Stadick,Commissioner Allgood,and Commissioner Ramirez.
(CONFLICT OF INTEREST DECLARATION)
None.
(AMEND/APPROVE AGENDA)
MOVED by Stadick,SECONDED by Warwick to approve the agenda as printed. MOTION CARRIED
(SPECIAL PRESENTATIONS)
Brian Hathhorn, Vice President, Banner Bank (Commercial Financing) at 950 West Bannock, Suite 101,
Boise, introduced himself and expresse�nancial interest
would be provided at the for the Indian for
Creek Plaza Project. He noted that a proposal
consideration.
(PUBLIC COMMENTS)
None.
(CONSENT CALENDAR)
1) Approve minutes from the Urban Renewal Agency Regularly Scheduled Meeting held on November
13,2017;
2) Approve request to accept the Special Warranty Deed between the Urban Renewal Agency of
Caldwell,Idaho(Grantor)and Caldwell Cinema,LLC. (Grantee);
3) Approve 2018 Urban Renewal Agency Meeting Calendar.
MOVED by Stadick,SECONDED by Porter to approve the Consent Calendar as presented.
MOTION CARRIED
OLD BUSINESS:
(NOVEMBER ECONOMIC DEVELOPMENT REPORT—STEVE FULTZ)
Projects
Capitol Distributing: Continue to work with the company finalizing details in preparation for closing
on property. Closing is anticipated in January 2018.
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.
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Project Racing: Continued communication with this project...their projected timing on location, looking
decision is by the end of 2017, construction in 2018. Currently hale tang in
sgtft shop and to build
shop for a unique business type. Needs 1.5 acre site t o b P
Continue to work with Idaho Power on expansion of power the Sky Ranch area in order to
accommodate current and future demands.
Project Reagan: The status of the project is under contract for the lots,with an expected closing date in
mid-January in Sky Way Business Park.
Project Plastic: This is a new project. The obnsibnessumme 2018.considering The relocation
ompany is California theplast plastics
Sky Ranch Business Center and in operate y
production industry and will build approximately 12,000 sq. ft. of space for production and office.
Considering URA site of 1.3+acres adjacent to AMFEC.
ornia, they are considering a
Project Arrow: This is a new project. Anraerospace 0 Ousq. ft. Workingrfwith a brokerage firm on this
site in Skyway Business Park. Initial facility of
project,total investment and job creation is not yet available. Also considering larger site for 50,000
to 60,000 sq.ft.facility.
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. Looking at next building(also 60,000 sq. ft.)to
come on line Q4 2018.
Project Pipe: New project...company from CA looking to relocate (light industrial) desires to
purchase 6 acres for 40,000 sq. ft. building. 35-40 jobs. They will be submitting of letter of intent
concerning URA property. Looking to be open by late summer or early fall in 2018.
Working with Freehold Development on marketing additional property in Sky Ranch.
Skyway Park...large(12 acre)parcel is under contract for end user.
(NOVEMBER ECONOMIC DEVELOPMENT REPORT—KERI SIGMAN)
• Indian Creek Plaza: Weekly construction/design meetings. Ongoing alleyway utility coordination,
including connections to the new utility services and sewer line checks. Overhead power lines will
be removed in the near future. Continued fundraiser/donor development work. Brick Campaign
started at www.indiancreekplazabricks.com.Coordination with DCACP Executive Director.
• Local Business Improvement District: Ongoing coordination for issuing contracts to complete
construction.
• Indian Creek Musical Art Park: ongoing planning/coordination.
• Trolley Square Project: Reel Theater is under construction. Ongoing coordination. Projected
opening:May 2018(depends on winter conditions).
• Buxton: Started year-two match work. Identified Exit 29 as priority area and worked with Buxton
on initial target retailers. Keri will pursue potential developers in January 2018.
• Saratoga: Started new site planning and met with multiple developers to collect ideas and
possibilities for a new future Request for Proposals. Information will be presented to City Council
at their next meeting.
Recruitment: All listed recruitment projects are still active projects and are in some form of business
development,site selection,or start-up.
• Restaurants
• Specialty Store
• Multi-Family Residential(New Construction)
• Brewery
• Special Event Center
• Multi-Use(New Construction)
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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.).
• Design Review Commission: Supported the P&Z Department and local property owners at the
November Design Review Commission hearing. Two cases were heard for revitalization efforts of
three historic buildings downtown in the City Center District.
• Media Interviews: Idaho Press Tribune and Boise Business Weekly Review.
• Flying M will open when the Indian Creek Plaza opens. The Bird Stop will open in
February/March.
NEW BUSINESS:
(CONSIDER INVOICES FOR PAYMENT FROM THE URBAN RENEWAL AGENCY TREASURER)
EIJay Waite,URA Treasurer at 411 Blaine Street,provided the list of invoices for payment:
VENDOR AMOUNT DESCRIPTION
HMH $4,500.00 November Attorney Fees
City of Caldwell—Econ. Dev. $18,000.00 December Economic Development
Contribution
Zions Bank Corp. Trust $2,000.00 Annual Trustee Fees/2012 Series Bond
Canyon County $3,516.98 Property Tax—215 S.Kimball
GGLO $10,625.64 Indian Creek Plaza/Design Services,/
October
Caldwell Irrigation Lateral $128.00 Irrigation Assessment 2018
McAlvain Construction $538,638.15 Indian Creek Plaza/Construction/
October
TOTAL $577,408.77
MOVED by Stadick, SECONDED by Ramirez to approve the invoices for payment as presented.
MOTION CARRIED
(TREASURER'S REPORT)
EIJay 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 November 30,2017 $4,896,541.50
Restricted amount(Other Tax Districts) $3,920,936.89
Restricted(Caldwell) $(111,553.39)
Restricted(URA Job Creation) $1,087,158.00
Bank of the Cascades Time CD#1
Ending Balance as of November 30,2017 $250,000.00
(Balance will remain constant. Interest earnings deposited to Business Checking)
Local Government Investment Pool
Ending Balance as of November 30,2017: $110,122.35
Zions Bank(Bond Debt Service)
Ending Balance as of November 30,2017: $3,519,646.34
MOVED by Warwick, SECONDED by Stadick to approve the financial report as presented.
MOTION CARRIED
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UPDATE REPORTS:
• Plaza Financing:
ElJay reported that the 2014 URA amendment allows for approval of project funding by the URA
Commissioners noting that the commissioners previously allocated funds for the Indian Creek Plaza
Project. Banner Bank was recently contacted regarding the bond package for five million dollars
concerning this project. Mr. Waite noted that future increment would be used to pay off the
indebtedness. Banner Bank will provide a presentation at the January 2018 URA meeting concerning
the proposed finance package.
• Capitol Distrihll ha
E1Jay reported that final preparations are being made for the relocation of the Canyon Hill Lateral.
Closing transactions will take place upon completion of the canal relocation.
Discussion followed concerning the amount of acreage available in the Sky Ranch Business Center and
anticipated revenue from the sale of such parcels.
(ATTORNEY'S REPORT)
Mark Hilty, 1303 1211 Avenue Road,Nampa, provided an update report about the Letter of Intent for the six
acre parcel located south of the Fresca site and west of the Capitol Distributors site. The proposal is for$1.86
per square foot with no realtor or broker fees involved. It includes construction of a 40,000 square foot
building with more than six jobs generated per acre on the site. He read the Letter of Intent into the record.
He noted that a purchase and sale agreement with restrictions addressing the parcel being subdivided would
be brought back for consideration.
Mr. Hilty reported that that a proposal would be brought forward in the future regarding the formation of an
additional URA plan.
(CHAIRMAN'S REPORT)
Chairman Hopper reported that interest continues with those seeking industrial development within Caldwell.
He recommended that the commissioners provide comments to Mr. Hilty regarding the formation of an
additional URA plan.
(COMMISSIONER REPORTS)
None.
(ADJOURNMENT)
MOVED by Allgood,SECONDED by Stadick to adjourn at 7:32 p.m.
MOTION CARRIED
Approved as written this 12"day of February,2018.
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Commissio er Sta ick
Com iss oner Al
Commissioner Rai z
ATTEST: `a`,�0�'QF SAL►�p°�11er.
Debbie Geyer,URA Secretary
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