[00:00:07]
          WELCOME TO THE OCTOBER MEETING OF THE REDEVELOPMENT AGENCY. I'M BRANT THOMPSON, I'M THE VICE CHAIR. I'LL BE CHAIRING THIS MEETING TODAY. HE'S OUT OF TOWN, BUT HE IS ONLINE WITH US. 
          [1. ACTION ITEM: Modifications, Additions, Changes to the Agenda ]
SO WE DO HAVE A QUORUM. AND FIRST OF ALL, IS THERE ARE THERE ANY CHANGES TO THE AGENDA? HEARING NONE, I WOULD ASK FOR AN APPROVAL OF THE AGENDA. AGENDA AS PRESENTED. SECOND. 
          BEEN MOVED AND SECONDED. ALL IN FAVOR, SAY AYE. AYE. AYE. I THAT MOTION PASSES. NEXT IS THE 
          [2. ACTION ITEM: Approval of Minutes: September 17, 2026 ]
MINUTES FROM THE SEPTEMBER 17TH MEETING. ARE THERE ANY CHANGES OR MODIFICATIONS TO THOSE MINUTES? MOVE. MAKE A MOTION OR ASK FOR A MOTION TO APPROVE THOSE MINUTES TO APPROVE THE MINUTES OF SEPTEMBER 17TH AS PRESENTED. SECOND. MOTION HAS BEEN MADE AND SECONDED. ALL IN FAVOR, SAY AYE. AYE. AYE. OPPOSED? AYE. THANK YOU. THAT MOTION PASSES. OKAY. NEXT IS 
          [3. ACTION ITEM: Approval of Expenditures and Finance Report ]
THE. OUR FINANCE REPORT. I GOT TWO COPIES OF THE SAME COPIES, I THINK. OKAY. AND SO WE HAVE. 
          UNDER THE OUR GENERAL FUND WE HAVE $75 TO BECKY THOMPSON FOR TRANSCRIPTION SERVICES. BRAD KRAMER FOR CONSULTING. THE AMOUNT OF 4675. NOTHING TO EAT THIS MONTH. I THINK WE HAD A DUAL PAYMENT LAST MONTH OR SOMETHING LIKE THAT WITH THAT TWO PAYMENTS. DOES THAT SOUND RIGHT? THAT WAS MAKING UP. I IT MAY HAVE BEEN A TIMELINESS WITH INVOICES. I THINK IT WAS JUST A TIMING ISSUE WASN'T IT? YEAH. THERE WAS, THERE WAS JUST A TINY ISSUE. ON GETTING THE INVOICES FOR THIS MONTH. SO THERE'S INVOICE WILL BE PAID IN THE NEXT MEETING. OKAY. THANK YOU. SERVICES FOR THE CITY OF IDAHO FALLS. $867, $500, $100 AND $400. AND THEN WE HAD A PAYMENT TO SNAKE RIVER LANDING DEVELOPMENT. AND I ASSUME THIS IS THE FINAL PAYMENT FOR THE BONEYARD CLEANUP. CORRECT. OKAY. AND THEN TO. I PREFERRED IS THIS OUR DUES? THE ANNUAL DUES. 
          OKAY. $3,845. ARE THERE ANY QUESTIONS ABOUT THE FINANCE REPORT? SORRY. I WAS WONDERING FOR MAYBE TWO. OH, I MISSED THAT. SORRY. THANK YOU. YEAH. THAT'S DUES TO OUR AI $9,200. 
          CAN I JUST MAKE A QUICK NOTE? SURE. I'M SO SORRY. THERE WAS A SMALL MISTAKE IN THE ONE THAT IN THE REPORT THAT GOT BLOWN OUT. THAT'S WHY YOU HAVE TWO. THE UPDATED ONE JUST HAS OUT OF THE GENERAL FUND TO CITY OF IDAHO FALLS $3,131. AND THEN WE ALSO HAVE THE. SRL DEVELOPMENT PAYMENT. WE'RE JUST FINISHING OUT THAT PAYMENT. SORRY FOR THAT MISTAKE. OKAY. SO THE CITY IS THE ONE WITH THE $3,100. 31. 31. OKAY, SO A LITTLE BIT MORE. $1,500. 1300 MORE. YEAH. OKAY. 
          OKAY. SO SECOND. THANK YOU. THANKS FOR THAT CORRECTION. ARE THERE ANY OTHER QUESTIONS OR AMENDMENTS TO THE FINANCE REPORT? IF NOT, I'LL ACCEPT A MOTION TO ENTERTAIN A MOTION TO ACCEPT THE FINANCE REPORT AS AMENDED. MOVE TO ACCEPT THE FINANCE REPORT OF OCTOBER 15TH AS AMENDED. SECOND, MOTION HAS BEEN MADE AND SECONDED. ALL IN FAVOR, SAY AYE. AYE. AYE. 
          OPPOSED? I. OKAY. HEARING NONE, THAT MOTION PASSES UNANIMOUSLY. OKAY. OKAY. BRAD, WOULD YOU 
          [4. DISCUSSION ITEM: Update on River Commons Closeout and Whitewater Bridge Project ]
          [00:05:08]
LEAD US ON THIS DISCUSSION ON THE RIVER COMMONS CLOSEOUT AND THE BRIDGE. THE WHITEWATER BRIDGE. YES. THANK YOU. AS YOU'RE AWARE, THE RIVER COMMONS DISTRICT, WHICH IS WHERE SNAKE RIVER LANDING IS LOCATED, WILL SUNSET AT THE END OF CALENDAR YEAR 2028. AND THE AGENCY WILL STILL HAVE SOME SPENDING AUTHORITY THROUGH MOST OF 2029. AND SO TRYING TO START THE CLOSEOUT PROCESS A LITTLE BIT MORE IN EARNEST. AND THE MAIN PART OF THAT RIGHT NOW IS TRYING TO IDENTIFY WHAT FUNDS ARE AVAILABLE, WHAT PROJECTS COULD THOSE FUNDS COVER? AND WHAT IS THE KIND OF WHAT IS THE END FUND BALANCE LOOK LIKE? SO YOU HAVE A SPREADSHEET IN YOUR PACKET THAT IS VERY, VERY ROUGH. DON'T TAKE ANY OF THESE NUMBERS TOO SERIOUSLY RIGHT NOW. THIS WAS MOSTLY JUST TO SORT OF LAY OUT A VERY, VERY ROUGH IDEA OF WHAT THAT LOOKS LIKE. SEVERAL MONTHS AGO, THE THE AGENCY DISCUSSED ONE OF THE PROJECTS BEING THE COMPLETION OF THE WHITEWATER BRIDGE AND CONNECTING WHITEWATER DRIVE OVER TO PIONEER. THAT'S AN IMPORTANT CONNECTION. IT'S PARTIALLY DONE. A LOT OF THE BRIDGES INSTALLED. THE DECK IS THERE. THERE'S NO PAVEMENT CONNECTING THE ROADWAYS. AND THERE'S STILL ANOTHER CANAL THAT HAS TO BE CULVERTED AND BRIDGED ACROSS. SO IN TALKING WITH THE THE CITY STAFF AS WELL, THAT WAS THEIR, THEIR ONLY PROJECT THAT THEY IDENTIFIED TO ME TALKING WITH PARKS AND REC AND PUBLIC WORKS. AND SO WHAT I'VE BEEN DOING OVER THE LAST FEW WEEKS IS I'VE BEEN IN CONTACT WITH BALL VENTURES AS WELL AS US DEVELOPMENT TO MAKE SURE THAT I UNDERSTAND THEIR LEVEL OF INTEREST AND COOPERATION IN GETTING THAT PROJECT DONE. THEY'RE BOTH VERY HIGHLY INTERESTED AND WANT TO COOPERATE, WANT TO WORK WITH THE AGENCY AND THE CITY TO GET THAT PROJECT ACCOMPLISHED. I'VE ALSO MET WITH THE CITY TO SEE IF IT MAKES MORE SENSE FOR THEM TO COMPLETE THE PROJECT, BUT THE REASON I'M MENTIONING ALL OF THAT IS, AND I'LL GIVE YOU A LITTLE BIT MORE DETAIL IN A MOMENT, IS IF YOU LOOK AT THE. THE POTENTIAL PROJECTS THERE IN THAT SPREADSHEET, ASSUMING THAT THERE'S ROUGHLY $1 MILLION OR SO TO COMPLETE THAT PROJECT, THERE PROBABLY ISN'T ENOUGH TO JUST WRITE A CHECK FOR THAT AT THIS POINT. IT WOULD HAVE TO BE DONE OVER THREE DIFFERENT PAYMENTS, WHICH IS WHICH IS FINE. AND THAT'S ALSO ASSUMING WE CAN STILL GET THE PROJECT DONE AS QUICKLY AS EVERYONE HOPES WE CAN. THERE'S THERE'S EVEN A SLIGHT POSSIBILITY IT COULD BE DONE IN THIS CALENDAR YEAR, BUT WILL LIKELY SPILL OVER INTO THE SPRING BEFORE THE WATER GETS PUT BACK INTO THE CANAL. SO TRYING TO WORK WITHIN THAT TIME FRAME. BUT WHAT WHAT IN TERMS OF THE CASH FLOW, JUST LOOKING AT THAT, THERE PROBABLY AREN'T ANY OTHER MAJOR PROJECTS THAT ARE GOING TO BE TACKLED WITHIN THAT DISTRICT. IT'S IT'S FINISHING THE BONEYARD, WHICH YOU JUST APPROVED THE THE PAYMENT FOR THAT, COMPLETING THE BRIDGE. AND THEN IT LOOKS AS IF THERE WOULD BE ROUGHLY $1 MILLION TO TURN BACK OVER TO THE COUNTY TO REDISTRIBUTE TO THE TAXING ENTITIES AT THE END OF THE DISTRICT. SO THAT'S, AGAIN, JUST A ROUGH IDEA. I WANT TO SIT DOWN WITH WITH CAMMY AND MARK AND FINE TUNE THESE NUMBERS SO THEY'RE A LITTLE MORE ACCURATE. THEN IN TERMS OF THE WHITEWATER BRIDGE PROJECT, I JUST I DID WANT TO LET YOU KNOW THAT I'M IN CONTACT WITH THOSE DEVELOPERS, BOTH SIDES. THERE'S A FEW THINGS THAT HAVE TO OCCUR BEFORE THAT PROJECT CAN EVEN START. THE DESIGNS NEED A FINAL SIGNATURE BY ENGINEERING, AND THE DEVELOPER NEEDS TO RECORD THEIR PLAT. THOSE COULD BE DONE RELATIVELY QUICKLY. AND AGAIN, DEPENDING ON WHETHER I KNOW THESE BALL VENTURES HAS OFFERED THAT THEY THEY COULD MOBILIZE QUICKLY AND COMPLETE THE PROJECT. THE CITY IS ALSO INTERESTED IN COMPLETED IN THE SPRING, SO IT'S GOING TO HAVE TO WATCH FOR THESE LITTLE DETAILS AND WATCH FOR HOW WEATHER HOLDS UP AND CERTAIN AGREEMENTS. SO THERE'S LOTS TO DO. I DON'T REALLY EXPECT THAT WE'LL BE READY TO DO IT THIS YEAR, JUST BECAUSE OF THE ALL THE STEPS THAT HAVE TO HAPPEN. BUT CERTAINLY IN THE SPRING, I THINK WE CAN SEE THAT PROJECT ACCOMPLISHED IS US DEVELOPMENT AND BALL VENTURES. ARE THEY KIND OF LIKE JOINTLY RESPONSIBLE FOR THE BRIDGE? THEY ARE. THEY HAVE AN AGREEMENT BETWEEN THEMSELVES ON WHO'S RESPONSIBLE FOR WHICH PORTIONS OF ALL VENTURES HAS COMPLETED THEIR PORTION OF THAT. AND US DEVELOPMENT HAS NOT YET. AND SO LARGELY, THE FUNDS WOULD BE ASSISTING WITH THEIR PORTION OF IT. SO BALL IS DOING THE STRUCTURE AND US IS DOING THE THE OVERLAY AND THE OTHER STRUCTURE ACROSS THE SMALLER CANAL. YEAH. SO IS THAT IS THAT 
          [00:10:03]
ALL ON PAUSE NOW? OR DO BLACKTOP AND THEY STILL COULD THEY STILL COULD DO THE BLACKTOP AND THE CULVERT IF THEY HAD AUTHORIZATION GREEN LIGHT TO GO. BUT WE'RE JUST NOT WE'RE NOT QUITE READY WITH ALL THE STEPS WE WOULD HAVE TO DO. ALL RIGHT. THANK YOU. WAS THERE ANYTHING YOU WANTED TO ADD BEFORE WE MOVE ON TO YOUR DIRECTOR'S REPORT? NO. WELL. 
          EXCUSE ME. I GUESS AT THIS POINT, LET'S LET'S HEAR ABOUT THIS. THE SUMMARY FROM YOUR 
          [5.  DISCUSSION ITEM: Directors Report ]
FROM YOUR DIRECTOR'S REPORT. OKAY. SURE. THANK YOU. THERE'S ONLY ONE ITEM I WANT TO FOCUS ON. JUST AS A QUICK UPDATE, THOUGH, WILL. THE WILLOW CREEK DISTRICT WAS APPROVED BY CITY COUNCIL AND ALL THE NOTIFICATIONS FOLLOWING THAT MEETING HAVE BEEN COMPLETED. 
          THE SKYLINE BROADWAY. THIS IS ACTUALLY INCORRECT. NOVEMBER 24TH THAT WE WERE CONSIDERING THAT DATE. IT'S NOW DECEMBER 10TH, RIGHT? SO DECEMBER 10TH, THAT WILL HAVE ITS FINAL APPROVAL. IT GOES IT GOES TO PLANNING AND ZONING ON NOVEMBER 4TH. SO EVERYTHING IS STILL PROGRESSING JUST FINE WITH SKYLINE BROADWAY, PANCREAS EAST BANK IS THE ONE I WANTED TO FOCUS ON A LITTLE BIT. A MONTH OR SO AGO, THE THE DEVELOPER SENT ME AN EMAIL MAKING. MAKING ME AWARE THAT THERE WAS. THERE WERE STILL INVOICES FORTHCOMING FOR WORK COMPLETED IN PAN CARE IN THE PAN CARRY RIGHT OF WAY AS WELL AS THE THE MAIN WATER LINE, SOME ELECTRICAL CONDUIT AND WORK ALONG THE RIVERBANK THAT WE STILL NEEDED TO ACCOUNT FOR. AND SO THEY'VE SINCE SENT ME THOSE INVOICES. I'VE BEEN REVIEWING THEM. I JUST TODAY GOT CONFIRMATION THAT THE AMOUNTS THAT I WAS IDENTIFYING AS ELIGIBLE WERE IN LINE WITH WHAT THEY WERE THINKING AS WELL. 
          THE, THE CHALLENGE, I GUESS, JUST SO YOU'RE AWARE, IS THAT THAT ORIGINAL OPA ESTIMATED $350,000 TOTAL IN ELIGIBLE COSTS IN THAT PROJECT THAT WAS AMENDED TO RAISE THAT MAXIMUM TO 445,000. BUT THESE WHAT THEY DESCRIBED IS THAT THE RIGHT OF WAY ENDED UP BEING QUITE A BIT MORE EXPENSIVE THAN THEY HAD ORIGINALLY ANTICIPATED. AND SO THEY'VE SUBMITTED I HAD PUT 330,000. WE'VE ACTUALLY REDUCED THAT TO ABOUT 317, WHICH WOULD PUT BETWEEN WHAT THEY'VE ALREADY HAD APPROVED FOR SITE REMEDIATION AND THE THAT WOULD PUT THEM ABOUT $88,000 OVER THAT, NOT TO EXCEED. AND SO WHAT I ANTICIPATE IS THAT NEXT MONTH, YOU WOULD HAVE BEFORE YOU A REQUEST TO AMEND THE OPA TO RAISE THAT LIMIT ON WHAT THEY CAN BE REIMBURSED, AS WELL AS CONFIRMATION OF REIMBURSEMENT FOR THE RECEIPTS THAT THEY'VE SUBMITTED. I CERTAINLY HAVEN'T PROMISED THEM ANYTHING IN TERMS OF HOW THE BOARD WILL REACT TO THAT REQUEST, BUT I WANTED TO LET YOU KNOW THIS MONTH, SO YOU CAN EITHER GIVE ME SOME DIRECTION IF YOU'D LIKE TO, IN PREPARATION FOR NEXT MONTH, OR JUST HEAR, HEAR FROM THEM NEXT MONTH ON THAT REQUEST. SO THE TOTAL IS GOING TO BE 535,000 PLUS OR MINUS. PLUS OR MINUS. 
          WE NORMALLY HAVE THEM COME IN AND MAKE A DETAILED REQUEST FOR WHAT THE ADDITIONAL COSTS ARE. 
          IS THAT SOMETHING YOU'RE GOING TO WORK OUT WITH THEM? I THINK WE'VE TRYING TO THINK BACK. I THINK NORMALLY THEY WOULD COME AND EXPLAIN WHAT WHAT THE DIFFERENCES WERE, WHAT THE CHALLENGES THEY RAN INTO WERE. I'M ALSO HAPPY TO WORK WITH THEM TO PUT THAT TOGETHER. WELL, IT JUST SEEMS LIKE, YOU KNOW, WE'RE ORIGINALLY AT 330. NOW WE'RE AT 530. SO THAT'S PRETTY SUBSTANTIAL COST OVERRUN, I GUESS YOU MIGHT SAY. YEAH. IF WE WERE TO LOOK BACK AT THE ORIGINAL ECONOMIC FEASIBILITY STUDY WAS THIS EASILY. YEAH, THIS ONE PAID OFF FAIRLY QUICKLY BECAUSE THE VALUES WERE SO MINIMAL COMPARED TO THE, THE VALUE OF THE NEW HOTEL. SO WITHOUT EVEN LOOKING AT IT, MY MEMORY OF THAT STUDY IS IT WAS GOING TO PAY OFF VERY QUICKLY. 
          THAT 350 VERY QUICKLY. SO IT IS. DO THEY COME BACK WITH A NEW CASH FLOW? WILL THEY USE. A NEW CASH FLOW? TYPICALLY NO. WE WOULD REVISE THE LIKE THE ECONOMIC FEASIBILITY STUDY CASH FLOW. NOW TYPICALLY WE WOULD NOT REVISE THAT. WE CAN CERTAINLY USE IT AS A REFERENCE. 
          AND I CAN DO SOME ROUGH NUMBERS ABOUT HOW FAST THAT WOULD PAY OFF. STILL, IF THAT WOULD BE 
          [00:15:06]
HELPFUL TO THE BOARD, I WOULD. DEFINITELY, AS WAS MENTIONED, THAT OUR AMOUNT INCREASE IS PRETTY SUBSTANTIAL PERCENTAGE WISE. IT'S PRETTY. YEAH, I THINK I THINK THAT'D BE APPROPRIATE TO GET A STATEMENT FROM YOU THAT THIS IS GOING TO BE PAID OFF IN APPROXIMATELY X YEAR, BECAUSE IT IS THE DEVELOPER'S RISK, RIGHT? YES. YEAH, YEAH, I CAN, I CAN PREPARE THAT. SO THEY, THEY, THEY CAN TAKE RESPONSIBILITY FOR EXPLAINING THE OVERRUNS AND I CAN TAKE ON THE HOW DOES THAT LOOK FROM A FEASIBILITY STANDPOINT? OKAY. THANK YOU. 
          OKAY. I GUESS WITH THAT, MEGAN, DO YOU WANT TO LET US KNOW WHAT'S HAPPENING WITH OUR AI? 
          [6.  DISCUSSION ITEM: RAI and Legislative Update ]
THANK YOU, MR. CHAIR. COMMISSIONERS. SO THE MEETING WAS CANCELED FOR THIS MONTH IN ANTICIPATION OF HAVING A PRESENTATION AT THE MONTHLY MEETING NEXT MONTH BY, HOPEFULLY, THE STATE TAX COMMISSION TO PROVIDE SOME INFORMATION ABOUT WHERE THEY SEE PINCH POINTS FROM THEIR END AND TO ADVISE THE THE MEMBERSHIP OF HOW TO WORK BETTER WITH THE TAX COMMISSION AS WELL AS PERHAPS THE COUNTY'S. SO WE HOPE TO HAVE A LITTLE BIT LONGER MEETING NEXT MONTH. WE ARE ALSO, YOU KNOW, LOOKING AT THE ELECTION RESULTS AND POTENTIAL FOR ANY LEADERSHIP CHANGES AS WE MOVE INTO THE SESSION. I THINK BECAUSE WE'RE MOVING INTO AN ELECTION YEAR, I DON'T KNOW HOW MUCH APPETITE THERE WILL BE FOR URBAN RENEWAL LEGISLATION, BUT WE'RE CONTINUING TO MONITOR THAT. I'VE NOT HEARD ANYTHING ON THAT FRONT YET, WHICH IS NICE, BUT WE'LL CONTINUE TO KEEP YOU POSTED. CERTAINLY, THE INVITE FOR THE MEETING NEXT MONTH GOES TO THE FULL MEMBERSHIP, AND WE CAN MAKE SURE ANYBODY WHO WANTS TO PARTICIPATE IN THAT ZOOM CALL WILL BE GIVEN NOTICE AND CAN PARTICIPATE IF THEY LIKE. 
          SO THAT'S ALL I HAVE. OKAY. VERY GOOD. THANK YOU. WITH THAT, I GUESS WE'VE GONE THROUGH THE AGENDA. THERE HAS BEEN A MOTION TO ADJOURN. SECOND, THE MOTION HAS BEEN MADE AND SECONDED. ALL IN FAVOR, SAY I, I, I OPPOSED, I HEARING NONE. THE MEETING IS ADJOURNED. OUR NEXT MEETING 
          [7.  Next Meeting: November 19, 2026 ]
WILL BE NOVEMBER 19TH. THANK
* This transcript was compiled from uncorrected Closed Captioning.