HomeMy Public PortalAboutMinutes - MURA - 2006-12-19City of McCall Urban Renewal Agency
Minutes 12/19/06
CITY OF MCCALL
URBAN RENEWAL AGENCY
Meeting Minutes
December 19, 2006
1. CALL TO ORDER AND ROLL CALL
The meeting was called to order at 8:05 AM. Present were Chairman
Rick Fereday, John Watkins, Scott Findlay and Fred Drake, Don Bailey
and Deputy City Manager Roger Millar. Bonnie Bertram and Robin
Gerblick were absent. There was a quorum present.
2. MINUTES
a. A motion was made by Scott Findlay and seconded by John
Watkins to approve the minutes the November 21, 2006 meeting as
read; motion carried.
3. URBAN RENEWAL BOND RESOLUTION
a. Presentation by Seattle Northwest Securities
Eric Herringer highlighted sections from the Revenue Allocation
Bonds, Series 2007 A and Bond Resolution No. 06-4.
Roger Millar made a conference call to Rick Skinner of Skinner
Fawcett for clarification on Section 9 - Revenue Allocation Fund. It
was decided that the wording on the "Fifth" order should be changed
to read, "Fifth, to pay for any repairs, additions or improvements to
the Project or for any new project in the Revenue Allocation Area
approve by the Agency in accordance with the law, upon the written
request therefore submitted to the Trustee by the Agency; provided
there shall be retained in the fund the amount necessary to make all
Debt Service payments due during the next twelve (12) month, until
such time as annual pledged revenues exceed the maximum annual
dept service on the bonds."
b. Resolution 06-4
Scott Findlay made a motion to adopt Resolution 06-4 with the
amendment, Don Bailey seconded the motion. A roll call vote was
taken: Fred Drake - yes; Don Bailey - yes; Scott Findlay - yes; Rick
Fereday - yes; John Watkins - yes. With all members present in favor
to adopt the Resolution; it was approved.
City of McCall Urban Renewal Agency
Minutes 12/19/06
4. ENGINEERING SERVICES TASK ORDER
John Larson updated the schedule with the URA board. John advised
the schedule has not really changed much with the exception that
the bonds will sell on January 10tn
There was considerable discussion concerning expenditures. Don
Bailey said CH2M Hill had been selected. If the URA decided to hire
another firm this far into the project it would not only cost more
time and money it would also delay the project past the 2007 build
season.
Don Bailey made a motion to approve Task Order No. 36 as written,
John Watkins seconded the motion; Fred Drake, Don Bailey, Rick
Fereday voted in favor of approving Task Order No. 36, Scott Findlay
opposed, the motion carried.
5. ADJOURNMENT
Rick Fereday and Roger Millar will go to Boise for the sale of the bond
on January 10, 2007.
There being no further business the meeting was adjourned at 11:05
AM.