HomeMy WebLinkAboutURA RES 2019-13 RESOLUTION NO. Q1_9-13
BEITHEREBY 11ES01,VED by the Chairman and Members of the Urban Renewal Agency of the City
of Caldwell, Idaho, (toes approve the expense of$116,000 to reimburse Moonlake Consulting, I,LC for
parking lot improvements as as partnership to assist in the corilpletion Of this 0-Unit mixed income senior
aff'ordable housing development at Kimball Ave and Cleveland Blvd.
PASSED BYTHF COMMISSION of the Lit-ban Renewal Agency of the City ofCaldwell, Idaho, this 8"'
day of July, 2019.
APPROVED BYTIfs COMMISSION of the Urban Renewal Agency of the City of Caldwell, Idaho, tills
8"' day of J Lily, 2019.
Approved By: Attest:
Clli' -naii City Clerk
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Urban Renewal. Agency Of Caldwell
Meeting Date July 8, 2019
SUBJECT: Depaartrnent vubrraittaals X to Initials
rnaark
Finance X
Direction by City Council to the Urban Renewal CDBG
f y (URA) , `Caldwell to use Clem
Agency o the City Ultrl o Ca ........
increment as Cost.share or a parking lot at 802 Human Resources
Cleveland Blvd 1 lannana&Zoning
Fire 17ePartanent
ice t3epaa-tnient
.PcaJ Public Works
Street Iepaa tanent
Water 1)epartnient
W WIT
En in X .........
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Mapping
COVTIMPAC7. $116,000 Parks and Recreation
FUNDING Urban Renewal(URA)Directed Pr«jest Air ort
SOURCE- Information Systems
TIME INE: FY2020 -Golf Course
OT1-ER:
SUMMARY S"TATEti4ENT:
In 2018, Moonlake Consulting;, LLC requested a commitment from the City and URA to participate in a
50-unit mixed income: sewer affordable housing; protect located at 802 Cleveland Blvd. in downtown
Caldwell if"other funding grants became available following an application process. The Project was Funded
in early 2019 and construction plans began soon after.
The parking lot improvements committed to are valued at $116,000. This funding would be a
recommendation from City Council to URA for the purpose of a shared parking lot that may be used for
public use with an agreement set up with the developer.
This cast share is planned to be expended in FY2020 and will serve as a reimbursement to Moonlake
Consulting;, LLC.
RECOMMENDED ACTION. For the URA to approve the expense of $1.16,000 to reimburse oon]a.ke
Consulting, LLC for parking; lot improvements as a partnership to assist in the completion of this 50-unit
nixed income senior affordable housing; development.