Loading...
HomeMy WebLinkAbout005.18.17 special meetingCHUBBUCK 11HIFF11, ' I' The urban renewal agency for the City of Chubbuck, Idaho City of Chubbuck 5160 Yellowstone Avenue PO Box 5604 Chubbuck, ID 83202.0006 208.237.2400 Minutes of the Chubbuck Development Authority Special Meeting held at Chubbuck City Hall Council Chambers, 5160 Yellowstone on May 18, 2017 at 5:30 pm. Chairman Dan Heiner. Commission Members: Rick Keller, Terrel Tovey, Deloy Stuart, Tom Nield, Annette Baumeister. Mayor: Kevin England. Executive Director: Rodney Burch. City Engineer: Bridger Morrison. Office Administrator: Ranelle Simmons. Chairman Heiner called the meeting to order at 5:33 pm. Heiner informed those in attendance that this is not a public comment meeting. APPROVAL OF MINUTES: for April 25, 2017 Heiner entertained a motion to approve the minutes as mailed. Keller moved the minutes of April 25, 2017 be approved as mailed. Stuart seconded. All voted to approve. Heiner entertained a motion to approve tonight's agenda. Baumeister moved to improve the agenda as presented. Nield seconded. All voted to approve. 1. Discussion of the Country Acres Project —Mayor Mayor has looked in depth at Idaho's Urban Renewal law. It lists what Urban Renewal money can and should be spent on. • Community revitalization • Community rehabilitation • General neighborhood renewal These are some of the items from the list. The City Code for City of Chubbuck the development standards require sidewalks. Country Acres is the last full neighborhood without sidewalks that falls within the Urban Renewal area. To do the Country Acres project fully will require existing and future projects to move and possibly go away. Mayor England requested that Chubbuck Development Authority fully fund the project at 4.4 million dollars with some contingencies. Current code requires curb and sidewalks and the City should be held to the same standard as a developer. 2. Discussion on Program Budgets — Rodney Burch explained the options to the commission and those present. The cost for the project is 4.4 million dollars and it is over budget. CDA commission received quite a bit of information before this meeting so they know the background on the project. J:\Administration\Chubbuck Development Authority\CDA SECRETARY\Minutes\2017\005.18.17 special meeting.docx 3 options for funding: • Fund at 2.8 million that was previously budgeted • Fund full amount and adjust CDA program in future years • Fund full amount and borrow from future revenue as needed Hawthorne Road project could be moved to fiscal years 2019 or 2020. The balance in the account in fiscal year 18 will be just under $300,000. CDA tries to always have 1 million dollars in the account. Delay and prioritize the projects that aren't as important. Siphon Road construction between Hiline Road and Yellowstone is a 3.5 million dollar project that CDA would be asked to help fund and money would have to be borrowed to accomplish the project. Keller asked for a reminder on what the Hawthorne Road project is. Burch stated a new water line is going in from James Avenue to Siphon Road. While the road is under construction it would seem logical to reconstruct the road at the same time. It is a $700,000 project. Nield asked if the canal will not be covered. It will not. Stuart wondered If this was bid as 2 projects would that be a better way to go? City staff is confident the price would increase. Nield was told that Joy Street is not in the Urban Renewal area so that street cannot be reconstructed with CDA money. City staff will be prepared to bring a new plan for the projects to the next meeting. Today at 1:00 was the transportation board meeting but no action was taken on the Northgate Interchange. Holmes informed the commission that CDA can actual do a line of credit, a short term loan or a conventional bank loan. 3. Motion on how to proceed with Country Acres Reconstruction project Heiner entertained a motion on the project as presented. Nield moved to fund the project at 4.4 million dollars. Baumeister seconded. All voted in favor. Stuart let those in attendance know that 38% of the cost spent on this project is from the curb to the front of homes on private property. Heiner entertained a motion to adjourn. Stuart moved to adjourn. Nield seconded. All voted to adjourn at 6:00 pm. NEXT MEEy1NP: July 25, N Dan Heiner, Conifiiission Chair Ra011e Simmons, Office Administrator 1:\Administration\Chubbuck Development Authority\CDA SECRETARY\Minutes\2017\005.18.17 special meeting. docx