HomeMy WebLinkAbout010.15.19CHUBBUCK
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 meeting held at Chubbuck City Hall Council Chambers,
5160 Yellowstone Avenue on October 151h at 5:30 pm.
Chairman Dan Heiner. Commission Members: Mecinna Price, Rick Keller, Ernie Moser, Mayor; Kevin
England. Executive Director; Rodney Burch. Associate Director; Devin Hillam. Attorney; Tom Holmes.
Secretary; Kami Morrison
Chairman Heiner called the meeting to order at 5:32 pm.
APPROVAL OF MINUTES: for September 17, 2019 (action item)
Heiner entertained a motion to approve the minutes as emailed. Moser moved the minutes of
September 17, 2019, be approved as emailed; Keller seconded. All voted to approve.
1. Resolution of Intent/Engagement Letters, Pine Ridge Mall Bonding (action item)
a. Engagement of Stifel as underwriter
Engagement of Gilmore & Bell as bond counsel
c. Engagement of PGAV to perform the revenue study
d. Inducement Resolution (being prepared by Gilmore & Bell)
Via conference call, Rob Kingsbury and representatives from aforementioned entities. Executive Director
Burch, provided a brief explanation and summary of items before the Board. As discussed in prior
meetings the Pine Ridge Mall is seeking a bonding option with CDA. The group prepared engagement
letters and legal documents to move forward with bonding process. Action required is acceptance of
Inducement Resolution. Goal of resolution is to acknowledge that CDA has an interest in pursuing the
bond reimbursement process. One item not in packet is a secondary agreement to guarantee that
Farmers Holding/ the Pine Ridge Mall development group would be responsible for all fees associated
with proposed contracts; the language is informally written in each agreement but wanted to formalize
it in a separate agreement.
Moser clarified the $120,000 aggregate amount shown in contracts, that CDA will not be paying and that
the monies will be paid by Kingsbury and his group. Burch and Kingsbury confirmed. Kingsbury stated
what typically happens is all consultant fees get paid at closing out of bond proceeds. The secondary
agreement is just Ja back stop in case something happens at the last minute and there isn't a closing and
services have been provided. CDA will not be responsible for any fees should something happen.
Keller, asked if anything in documents concerned either Holmes or Burch. Both stated no.
Heiner entertained a motion to approve the Resolution 2019-04. Keller made the motion. Price
Seconded.
Roll call vote: Heiner, Yes; Moser, Yes; Keller, Yes; Price, Yes. Motion carried.
Conference call was disconnected.
2. Construction project update
Burch stated paving has been completed on Hawthorne Road project, some approach work left but 95%
done with project. Held preliminary design meeting for New Day Parkway extension from Whitaker to
Yellowstone two weeks ago. Board will see claim for professional services on that. Construction will
delay into 2021 because of Fort Hall Irrigation Project's repairs and replacement to the canal. A
temporary signal at Yellowstone and Siphon hopefully installed in the next couple of months.
Keller commented that the stop sign on Whitaker has odd geometry which makes it difficult making a
right turn onto New Day Parkway when pulling a trailer. Burch stated that intersection will be
completely redone as part of project. Keller asked if sign can be temporarily moved to the east. Burch
will look into.
3. Review and approve claims to be paid (action item)
Burch stated claims listed are for Beard St. Clair for legal services. Siphon and New Day Parkway
engineering design as previously mentioned. Claims associated with Hawthorne Road project are for
Mickelsen Construction and Kershaw Curb and Gutter which was specifically for work to connect Darris
Street sidewalks. Last claim for $236,000 is for CDA's acquisition of their portion of the new City Hall
site. Heiner scheduled to sign on property Thursday.
Heiner entertained a motion. Moser motioned to approve claims as presented. Keller seconded.
Roll call vote: Price, Yes; Keller, Yes; Moser, Yes; Heiner, Yes. Motion carried.
4. Discuss and add agenda items for future meetings (action item)
Burch stated that Board will need to elect a Chair and Vice -Chair in the November meeting which will
occur after the general election so current Chair may or may not be a member of the City Council. Tom
Nield's term expired this month. Mayor and Council will nominate and hopefully confirm a new
appointment at November Council Meeting. The Board and Mayor England expressed gratitude and
appreciation for Nield's service.
Motion to adjourn by Moser„all voted in favor.
ADJOURN/4t 5:48
NEXT WETING: Novhfnber 19, 2019
92
Cor�missl'on Chair T
Kami Morrison, Secretary