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HomeMy WebLinkAboutURA RES 2019-21 RESOLUTION NO. Z 01 q - Z C WHEREAS the approval of the request to use $230,000 City Increment from URA FYI for the City match portion of the final construction and retainage costs of Indian Creek Plaza construction. BE IT HEREBY RESOLVED by the Chairman and Board of Commissioner of the Urban Renewal Agency of the City of Caldwell, Idaho,to approve the request to use City Increment from URA FYI 9 for$20,000 for the final construction and retainage payment of Indian Creep Plaza. PASSED BY THE CALDWELL URBAN RENEWAL AGENCY this 9'h day of September, 2019. APPROVED BY THE CHAIRMAN OF THE URBAN RENEWAL AGENCY OF THE CITY OF CALDWELL on this 91h day of September 2019. Approved a�irrn ATTEST: Secretary , 0 '7 �►* 7► Oliva I MEMORANDUM TO Caldwell Urban Renewal Agency �+ Meeting; Date September 9 1 2a1 A, _ AGENDA ITEM INFORMATION SUBJECT. Department Submittals X to Initials Use City Increment from URA. FYI 9 for $230,000 for the mark F3uil+�ira,Ike��rtm��r final construction and retatna e payment of Indian Creek CDBC Plaza. Clerk Clt Atturn�� it 1 inance Department x c11111 Human Resources planning& Zonin a, Fire S2arjinent Police F3�tment Public Works _._. street Tie artnient Water Department WTP F;n xineerin g W Mapping _ COST IMPACT.PACT: $230,000 Parks and Recreation i FUNDING IJ RA---City Increment Airporr SOURCE. fnforination systenns TIMELINE: F Y201.9 - September Golf Course C)THER. .5"I MMAR Y STA TEaVIENT s discussed during,the budget workshops,as a project the City would like to request$230,000 from URA's F"Y2019 city increment for the final construction and retainage payment of Indian Creek Plaza. The funding; that becomes available is a result of $3 0,000 from URA's F"Y2 19 budget, which was for Economic Development pro.ject(s) that will not be requested in F Y2tl19, as well as $100,000 that was budgeted for a YMCA project that will also not be request in F'Y2019„ Approve the request to use City Increment from URA FY19 for$230,000 for the final construction and retain,a e portion of Indian Creek Plaza.