# 2026/10/29 - Urban Renewal Agency Special Meeting

At its October 29, 2026 special meeting, the City of Caldwell Urban Renewal Agency reviewed and approved a disposition and development agreement with Zion Ventures for Site A. The agreement ties the purchase price to a reuse appraisal, with a minimum price of $0, and requires development consistent with the proposal submitted in response to the RFP. Zion Ventures must provide proof of financing before final building approval, begin construction within four months after closing, and report to the agency monthly during construction. The agency may approve amendments if project plans or schedules change; significant changes could require a new appraisal.

The agreement includes a $25,000 developer deposit, which may be retained as liquidated damages in specified default circumstances and is otherwise returned after substantial completion and issuance of a certificate of occupancy. The developer also seeks reimbursement for extending electricity to the site through a future TIF agreement, which will return to the agency for approval. The estimate discussed was about $70,000–$72,000; reimbursement would be limited to the agreed cap and actual cost, with overruns borne by the developer. Members raised questions about the cost estimate and timeline for Idaho Power’s final design, and staff said these details would be worked out before closing. The motion to approve the agreement passed, with all members recorded as voting yes.

**Jurisdictions:** sled
**Industries:** Construction & Infrastructure
**Topics:** Physical Infrastructure
**Published:** October 30, 2026

### Sources
- [2026/10/29 - Urban Renewal Agency Special Meeting](https://www.youtube.com/watch?v=fEDZTQkLNLs) - City of Caldwell