HomeMy Public PortalAbout2018.08.07 T Nagoda FW_ Midas Gold partnershipFrom:Shay Tyler
To:Anette Spickard
Cc:BessieJo Wagner
Subject:FW: Midas Gold partnership
Date:Wednesday, August 08, 2018 8:42:40 AM
Anette,
I am going to defer to you or BessieJo for a response to this person. I will print it and put it in the
Council members mailboxes.
Shay
From: Tamara Nagoda <tnagoda@gmail.com>
Sent: Tuesday, August 07, 2018 6:58 PM
To: Shay Tyler <styler@mccall.id.us>
Subject: Midas Gold partnership
I have some concerns about the Midas Gold proposed partnership. I read the July 26 agenda and
partnership agreement and was surprised by the lack of details. I'm currently researching Midas Gold
and their Stibnite project. Once I have a better idea of the extent of the project I may contact you
again with any environmental concerns.
Right now, my concerns are more related to the partnership itself.
Is the company proposing to employ a significant number of McCall residents? This is not clear in the
partnership agreement. If so, where will these employees live? The city already has a dearth of
resident housing. Businesses within the city limits are struggling to find employees due to the
housing situation. How will Midas Gold contribute to this issue? Will they employ out-of-state
people who will take hotel rooms and other accommodations from our established tourism
industry?
Midas states that they will be starting a foundation to be funded with some cash (I could not
find an amount) and some stock. Midas Gold stock has not performed well at all over the last
few years. I also wonder how tying foundation money to the company's profits might pose a
conflict of interest for the city. Aside from that concern, does our city need an additional
foundation to fund community projects? There are already many non-profit organizations in
the community that fund area resources.
Lastly, how will the Stibnite project affect our traffic and city streets? Will there be large trucks and
equipment coming through our town? If so, who will pay to improve our roads? Will these concerns
by addressed in the agreement?
Overall, it's unclear to me why the city feels it's necessary to partner with Midas Gold at all.
Please share my concerns with the council or let me know how best to communicate with them.
Thanks!
Tamara Nagoda, M.S., CCC-SLP
Speech-Language Pathologist
208.867.8111