HomeMy WebLinkAbout004.28.15City of Chubbuck
Chubbuck Development Authority
April 28, 2015
5:30 PM
Minutes of the Chubbuck Development Authority quarterly meeting held at Chubbuck City Hall Council
Room, 5160 Yellowstone on April 28, 2015.
Chairman Blake Jones. Commission Members: Kent Kearns, Steven Hadley, Gordon Wilks, Dan Heiner,
Tom Nield. Mayor: Kevin England. Executive Director: Steven Smart and Rodney Burch. Clerk: Richard
Morgan. Attorney: Tom Holmes. Secretary: Ranelle Simmons.
Chairman Jones called the meeting to order at 5:35 pm. Rick Keller asked to be excused.
1. APPROVAL OF MINUTES for January 27, 2015 Special Meeting
Jones entertained a motion to approve the minutes. Kearns moved the minutes of January 27, 2015, be
approved as emailed; Heiner seconded. All voted to approve.
2. REVIEW AUDITED FINANCIAL STATEMENTS FOR 2014
Morgan directed the board to page 2 "opinion" in the financial statement. This is a clean opinion with
nothing to report. As of September 2014 CDA had about 2 million dollars in the bank. On the last page it
is noted that there are no incidents of non-compliance.
Jones entertained a motion to accept the audited Financial Statement for 2014. Heiner moved the
Financial Statement for 2014 be approved as presented. Wilks seconded. All voted to approve.
3. CONSIDER RESOLUTION AUTHORIZING BOARD CHAIR AND/OR EXECUTIVE DIRECTOR TO SIGN
VARIOUS LEGAL DOCUMENTS RELATING TO POCATELLO CHUBBUCK AUDITORIUM DISTRICT
EVENTS CENTER BOND FINANCING
Smart explained the resolution authorizes the board chair and the executive director to be able to sign
various documents relating to the PCAD. On default of the financing CDA has no obligation. Holmes
informed the board that there has been very little activity with selling the bonds.
A change to page 4 section 11 was discussed.
It has been suggested by the owner that if the bonds don't sell to accumulate the Hotel Tax Revenue for
3 years and then look for new financing.
Jones entertained a motion to adopt the resolution to authorize signature on the various documents.
Kearns made the motion. Heiner Seconded. All voted in favor.
4. CONSIDER REQUEST FROM FARMER HOLDING COMPANY TO CREATE ANEW URBAN
RENEWAL/TAX INCREMENT PROJECT AROUND PINE RIDGE MALL TO ASSIST REDEVELOPMENT.
Smart explained Farmer Holding has asked the City if there is any way that some assistance could be
provided to revitalize the mall. Advice from the Mayor and he is that the only way CDA could assist the
mall would be to create a new urban renewal project through City Council after a Notice of Public
P\Chubbuck Development Authority\CDA SECRETARY\Minutes\2015\004.28.15.docx
Board discussed the projected projects and their cost.
Jones entertained a motion. Heiner made a motion for approval of the allocation for the Siphon Road
Interchange Project with 1 million dollars in 2016 and 1 million dollars in 2017. Kearns Seconded. All
voted in favor.
6. REVIEW STATUS OF 2015 CONSTRUCTION PROGRAM
Smart gave the board the updated spread sheet.
June 4 is the projected date for Whitaker Road Project bid opening.
ITEMS FROM BOARD
Smart informed the board that Rodney Burch is his replacement for Public Works Director when he
retires in August.
ADJOURN
At 6:55 pm Jones entertained a motion to adjourn. Kearns made the motion. Wilks seconded.
NEXT MEETING: July 28, 2015
Commission 494 i Ra elle Simmons, Secretary
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P\Chubbuck Development Authority\CDA SECR ETA RY\Minutes\2015\004.28.15.docx