HomeMy WebLinkAbout2018-06-11 URA MINUTES CALDWELL URBAN RENEWAL AGENCY
MINUTES
7:00 P.M.
Monday,June 11,2018
(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.
(APPROVE AGENDA)
MOVED by Porter, SECONDED Allgood to amend the agenda under New Business by adding item 3(A)
Request to approve invoice 2018-02 for professional services for Consultant E1Jay Waite for the month of
June 2018,adding item 3(B)to receive the consultant's report for the previous month, and 3(C)requesting
a discussion of the Canyon Highway District Silver Bridge Replacement Project.
Roll call vote. Those voting yes: Commissioner Porter, Commissioner Warwick, Commissioner Stadick,
Commissioner Allgood, Commissioner Ramirez, and Commissioner Hopper. Those voting no: none.
Absent and/or not voting:none.
MOTION CARRIED
(SPECIAL PRESENTATIONS)
None.
(PUBLIC COMMENTS)
None.
(CONSENT CALENDAR)
1) Approve minutes from the Urban Renewal Agency Regularly Scheduled Meeting held on
May 14, 201 S.
MOVED by Stadick,SECONDED by Porter to approve the Consent Calendar as printed.
MOTION CARRIED
OLD BUSINESS:
(MAY ECONOMIC DEVELOPMENT REPORT—STEVE FULTZ)
Keri Sigman reported that Steve Fultz was out of town.
Projects
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 S100+million investment. Company representative in town in June to review the
site again. In the final stages of assessment...continual discussion with local and corporate
decision makers.
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Project Arrow: An aerospace business from California - considering a site in Skyway Business
Park. Initial facility of 40,000 sq. ft. Working with the company's local representative on this
project, and with corporate officers from Michigan. initial job creation is 63 jobs at an average
wage of$90,0001yr. Continue to work on site in Caldwell near the airport.
Project Hook: The Purchase& Sale Agreement was withdrawn today due by the developer due to
it being cost prohibitive with the LID dealing with curb,gutter,and sidewalk at KC1D and Linden.
Continue working with company from eastern U.S. on western presence...needing 25,000 sq. ft.
site for light manufacturing site producing recreation equipment. 15+ employees. Site visit in
April. Committed to Caldwell. High level of interest in URA property at KCID and Linden.
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Project Supply: Continue working with Van Aukers on another project in Caldwell that would
require the construction of a 60,000+ sq. ft. office and distribution center. Primary site is in East
Caldwell. Discussions continue with the business and with the developer.
Project Silver Leaf...new project light manufacturer, needing 10-20 acre site for construction of
facility. Considering Sky Ranch property owned by Freehold Development for location. Provided
site analysis to BVEP(lead generator).
Property Search for potential industrial development...With all the absorbed industrial acreage in
Sky Ranch, now in the process of site analysis for other opportunities in the Caldwell UR district_.
Continued discussions with area developers and brokerages for input.
(MAY ECONOMIC DEVELOPMENT REPORT—KERI SIGMAN)
Proiects•
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Indian Creek Plaza: Weekly team meetings to continue progress. Continued fundraiser/donor
development work. Coordination with DC/ICP Executive Director& President. Coordination with
Public Works/Engineering for Sweetwater public restroom and Skate Shoppe construction. Ongoing
work with Indian Creek Plaza staff regarding plaza and Sweetwater signage. Coordination with
construction team and business owners regarding closure of the Plaza alleyway to complete hardscape
construction. Boulder selection assistance for the fire pits. Assisted with hosting the 2°d ICP Sneak
Peak;+200 people in attendance.
Local Business Improvement District: Ongoing coordination for plaza facade construction projects.
Trolley Square Project: Luxe Reel Movie Theater wrapped up final construction and continued
landscaping. Parking construction from 9"to 121 completed; landscaping is ongoing. Soft-opening
on June 9. Continued assisting Gardner Company on two remaining retail pads; building plans
submitted in March. Construction began on the first retail/restaurant space along 101 Ave and Arthur
Street.
Community Development Block Grant (CDBG): Attended the stakeholder meeting regarding housing
priorities(May 8). Continued 2018/2019 budget and project planning with Elizabeth McNannay.
College Marketplace: Coordination with Rocky Mountain Development regarding retail pads. Grace
Assisted Living is under construction and slated for a Summer, 2018 opening. Primary Health was
announced on one of the pad sites with two more pending announcement anticipated this month.
Creekside Redevelopment RFP: Solicited responses to the Request for Proposals for the Creekside
Redevelopment formally known as the Saratoga Hotel Site Redevelopment Project. Two proposals
were submitted by the May 14"deadline.
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NEW BUSINESS:
(CONSIDER THE 3RD 2018 BOND DRAWDOWN IN THE AMOUNT OF S466,830.86 FOR
THE INDIAN CREEK PLAZA CONSTRUCTION,FOR THE MONTH OF JUNE 2018)
Carol Mitchell presented the bond drawdown request.
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MOVED by Allgood, SECONDED by Ramirez to approve the execution of the third bond drawdown
in the amount of$466,830.86.
MOTION CARRIED
(CONSIDER INVOICES FOR PAYMENT FROM THE URBAN RENEWAL AGENCY
TREASURER)
Carol Mitchell presented the invoices for approval.
VENDOR AMOUNT DESCRIPTION
Hamilton,Michaelson, Hilty $4,500.00 May-Attorney Fees
Attorneys at Law
City of Caldwell—Econ. $18,000.00 May-Economic Dev. Contribution
Development
City of Caldwell—Lease $150.00 1 Office Space Lease/411 Blaine/May&June
TOTAL $22.650.00
MOVED by Warwick,SECONDED by Porter to approve the invoices for payment as presented.
MOTION CARRIED
(CONSIDER RATIFICATION OF THE FOLLOWING INVOICE)
VENDOR AMOUNT DESCRIPTION
ElJay Waite $1,956.00 Professional Services/Ma 2018
TOTAL $1,956.00
MOVED by Warwick, SECONDED by Ramirez to ratify the invoice for payment as presented.
MOTION CARRIED
(CONSIDER APPROVE OF THE FOLLOWING INVOICE) [ADDED[
VENDOR AMOUNT DESCRIPTION
ElJay Waite $2,398.00 Professional Services/June 2018
TOTAL S2,388.00
MOVED by Ramirez, SECONDED by Allgood to ratify the invoice for payment as presented.
MOTION CARRIED
(TREASURER'S REPORT)
Carol Mitchell, URA Treasurer at 411 Blaine Street, presented the Monthly Cash Reconciliation Report and
recommended its approval:
Banner Bank $9,764,943.01
Banner Bank, CD $250,000.00
LGIP $110,904.42
Banner Bank Operating Account $9,404,038.59
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Restricted—Other Tax Districts $4,707,987.84
Restricted Caldwell $ 474,629.13
Restricted—URA TVCC $ 68,416.17
Restricted--URA Job Creation $4,513,909.87
MOVED by Stadick, SECONDED by Porter to approve the cash reconciliation report as presented.
MOTION CARRIED
(ATTORNEY'S REPORT)
None.
(CONSULTANT'S REPORT)
• New URA Area Update: -
E1Jay Waite reported that a task list for establishing the Caldwell North URA has been provided by
Attorney Mark Hilty. A meeting has been set for next week to review the mandated process. A map
of the proposed area will be created by the City of Caldwell Mapping Department. The estimated
amount of acreage to be included in the newly proposed Caldwell North URA area is currently at
1,000 acres. Timelines will be established to meet the deadline of September 1,2018.
• Detail of Financial Report:
E1Jay Waite provided a summary of the Urban Renewal Agency funds. He emphasized the need for
adequate research prior to any project's approval.
• TVCC Lease and Purchase of Equipment:
Carol Mitchell outlined the three areas identified within the lease:
o Capital Improvement Fund
o Capital Replacement Fund
o Maintenance Fund
In response to questions from Commissioner Stadick, discussion followed concerning input provided
to TVCC suggesting various classes in coordination with new business developments locating in
Caldwell and the need for employee training. It was reported by Mr. Waite that Steve Fultz currently
serves on the TVCC Advisory Board. All suggestions for training should be provided to Steve Fultz
for further review with TVCC to improve economic growth in Caldwell through educational classes.
Chairman Hopper recommended that TVCC provide an annual update report to the URA
Commissioners.
In response to questions from Commissioner Stadick concerning the possibility of offering the building
to CWI rather than TVCC, Mr. Waite responded that the two institutions provide different educational
opportunities. TVCC provides a great amount of vocational/technology training. CWI is supported
solely by property taxes. No tax dollars are associated with TVCC. Discussion followed.
EI3ay provided the history of the commitment made to TVCC through lease documents and how
TVCC has responded with various training options for businesses/agencies located within Caldwell or
the surrounding area.
Hotel Proposal Update:
E1Jay Waite reported that to date $1,965,551.00 has currently been spent by URA to prepare the site
for development as specified in the recent RFQ. The funds were drawn against the City of CaldwelI's
increment. Development of the site will follow the "redevelopment appraisal" process as outlined in
the RFQ. Discussion followed.
Parking Garage:
Mr. Waite advised that a thorough cost estimate would be needed before such a project is considered.
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Canyon Hig_hway District—Silver Bridge Rel2laceinent Project Acceptane
MOVED by Warwick, SECONDED by Ramirez to direct the Attorney Mark Hilty to prepare a letter
for Canyon Higbway District No. 4 regarding the feasibility of the Silver Bridge Project is a qualified
URA prQject,
MOTION CARRIED
(CHAIRMAN'S REPORT)
Chairman Hopper reported on the opening of the new downtown movie theater,
(COMMISSIONER REPORTS)
None.
(AD30URNMENT)
MOVED by Warwick, SECONDED by Porter to adjourn at 8:15 p.m.
MOTION CARRIED
Approv as written tl is 9"'day Of July 2018.
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