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HomeMy Public PortalAboutMinutes - MRA - 2012-05-15City of McCall Urban Redevelopment Agency Minutes May 15, 2012 —8 am Legion Hall 216 E. Park Street 1. CALL TO ORDER AND ROLL CALL Chair Rick Fereday, Don Bailey, Bob Youde, Dave Peugh, Nic Swanson, Sequoia Pietri and Woody Woodworth were present. Staff Engineer Nathan Stewart, Treasurer Linda Stokes, Community Development Director Michelle Groenevelt and Administrative Assistant Deb Smith were also present. Chair Fereday welcomed the new board members Sequoia Pietri and Woody Woodworth. 2. APPROVAL OF MINUTES Member Youde moved to approve the April 17, 2012 meeting minutes as presented. Member Swanson seconded the motion. The motion carried. There was some discussion of the response to the letter that was sent to the three affected property owners regarding the proposed MRA Boundary expansion. The board explained what the amendment would accomplish to the new members. Member Bailey stated that the next step would be to proceed with a public hearing. Ms. Groenevelt will draft a letter for the taxing districts and she will schedule this item for a Planning and Zoning meeting. 3. INVOICES • White Peterson Invoice 04/30/12 Member Woodworth moved to approve the White Peterson invoice for $87.50. Member Bailey seconded the motion. The motion carried. • US Bank VISA — Idaho Smart Growth Application 04/30/12 Member Youde moved to approve the US Bank Visa charge for the Smart Growth application for $50.00. Member Peugh seconded the motion. The motion carried. 4. ARBITRAGE PROPOSAL 2012 Treasurer Stokes explained that Arbitrage calculations are required by the IRS every five years for the life of the bonds. Eide Bailey LLP has prepared the 2012 proposal and the fee is $2,400. Ms. Stokes chose Eide Bailey LLP because they have done this before for the City. Member Woodworth moved to approve the Arbitrage Proposal 2012 for $2,400. Member Pietri seconded the motion. The motion carried. McCall Urban Renewal Agency May 15, 2012 Minutes 5. MRA CASH FLOW AND FINANCIALS Ms. Stokes stated that the two invoices just approved are not reflected in this cash flow spreadsheet. The spreadsheet shows MRA spending $84,500 in August 2012 and $84,500 in September 2012 on the Fir Street project leaving a balance of $31,529. Chair Fereday stated that he was not willing to go forward with a project and spend $169,000 leaving the board with a $31,529 balance. Member Bailey stated that he believes the board should move forward for the base bid. Member Swanson explained that if the project is phased, the board would be paying mobilization fees multiple times, which is an inefficient use of the limited funds. 6. REVIEW CONSTRUCTION BID DOCUMENTS FOR 2012 IMPROVEMENT PROJECT - FIR STREET BOAT LAUNCH PROJECT - Keller There was discussion on what should be included in the bid package if it were to go out to bid. Member Peugh moved to have Keller put the bid out for the Fir Street Project, the Base Bid and the Additive Bid #4. Member Youde seconded the motion. Six members voted yes. Member Swanson voted no. The motion carried. 7. CENTENNIAL PARK PLAZA Ms. Groenevelt stated that she left this item on the agenda from the last meeting because there had been discussion of about contributing $5,000 on the Plaza. She asked if Member Bailey had heard specifically of anything that could be purchased for this project as the board can't just donate the money. They would need it to be for a specific purchase. Member Bailey said that he has not seen anything specifically at this time. Mr. Stewart said that construction will begin by the end of this month and will end around June 30. Mr. Stewart suggested that the Centennial Committee come before the board and make their suggestions for the contribution. Chairman Fereday asked Ms. Groenevelt to invite Dean Martens of the Centennial Committee to come to the next MRA meeting. 8. OTHER Chairman Fereday gave the new board members a short history of the MRA boundary lines. 9. NEXT MEETING June 19, 2012 10. ADJOURNMENT The meeting was adjourned at 9:15 a.m. McCall Urban Renewal Agency May 15, 2012 Minutes Signed: June 19, 2012 Rick Fereday MRA Chairman Att Michelle evelt Commu ty Development Director McCall Urban Renewal Agency May 15, 2012 Minutes