HomeMy Public PortalAbout2018.10.23 Anette Spickard Final Draft of Midas Gold Community AgreementFrom:Anette Spickard
To:City Council
Cc:BessieJo Wagner; William F. Nichols; Erin Greaves
Subject:Final Draft of Midas Gold Community Agreement
Date:Tuesday, October 23, 2018 1:46:59 PM
Attachments:image010.png
Hello Mayor and Council,
Here is the final draft of the proposed Community Agreement from Midas Gold. Erin will post this to
our webpage at: https://www.mccall.id.us/stibnite-project-by-midas-gold
Councilor Giles and I attended last Friday’s “focus group” meeting that included representatives
from the communities listed on the first page as well as the members of the “West Central
Mountains Community Partnership”. During that meeting Midas Gold staff went over the latest
changes they have made. At the end of the meeting County Commissioner Cruickshank announced
that the county will not sign the agreement in its current form because their attorney advised
against it. They are a permitting agency that will make decisions on the CUP and other matters
related to the mine and need to stay neutral. However they wish to attend the Advisory Council that
is formed by this agreement as ad hoc, non-voting members so they can stay abreast of the mine
issues.
A couple of items in the new draft to highlight for you:
They have requested that the agreement be signed by November 30, 2018 so they can
convene the Advisory Council starting in January and can establish the Stibnite Foundation by
March.
The agreement is now with Midas Gold Corp in Canada not Midas Gold Idaho as originally
drafted because Midas Gold Idaho cannot commit stock of their parent company to the
Stibnite Foundation, only the parent corporation can.
It now includes the specific formula for how the Foundation will be funded by Midas Gold as
written by the CFO of Midas Gold Corp.
They will not agree to separate the Stibnite Foundation component out of the overall
agreement.
I am available to meet with you anytime between now and the end of November one-on-one to go
over the proposed agreement and gather your questions. As a reminder we still have two
community educational forums, one tonight and one on November 13, before Council will discuss
the agreement again in public session.
Thank you,
Anette Spickard | City Manager
216 E Park Street | McCall | ID 83638
Direct: 208.634.1003 | Fax: 208.634.3038
Web: www.mccall.id.us
Blog: cityofmccall.wordpress.com
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