2026/11/9 - Urban Renewal Agency Meeting

The City of Caldwell Urban Renewal Agency meeting (titled November 9, 2026; metadata lists November 10 UTC) included project updates and financial action. Commissioners considered invoices totaling $27,561.66, including $18,078 for economic development, and the motion to approve the invoices was made and seconded; the transcript’s roll-call record is incomplete. The agency reported approximately $2.2 million in cash and investments and $477,403 in remaining operating budget. No competitive bid award or vendor selection was made during the meeting. TS Development said it had retained Aspen Engineering to complete utility coordination, storm-sewer, grading, and drainage design, expected within three to four months, after which contractor bids would be revalidated before mobilization. Base Layer reported completed lot reconfiguration and interest from data-center prospects, while noting power availability and the bridge interchange as development considerations.

The agency discussed a draft 150-day exclusive negotiating agreement for the preferred developer of a potential downtown hotel project, with design and engineering work, parking, public participation, tax-increment-financing documents, and a development deposit still under discussion; no final development agreement was approved. The transfer of the Sixth Avenue Plaza property remains tied to that project, with staff and counsel working on language giving City Council a role if the development does not proceed; commissioners discussed possible alternatives, including a future RFP or negotiations with Borum. For the Canyon County Fair development agreement, staff described proposed additional priorities, a reimbursement arrangement, and a termination date at the end of the fiscal year, subject to further review and a future agency update. No completed contract award was reported.