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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.