[00:00:02] OKAY. GOOD MORNING, AND WELCOME TO THE OCTOBER MEETING OF THE IDAHO FALLS REDEVELOPMENT AGENCY. I'M BRENT THOMPSON, I'M THE VICE CHAIR. I'LL BE CHAIRING THIS MEETING TODAY. LEE IS OUT OF TOWN, BUT HE IS ONLINE WITH US, SO WE DO HAVE A QUORUM. AND FIRST OF ALL, ARE THERE ANY CHANGES TO THE AGENDA? [1. ACTION ITEM: Modifications, Additions, Changes to the Agenda ] HEARING NONE, I WOULD ASK FOR APPROVAL OF THE AGENDA. MOVE TO APPROVE THE AGENDA AS PRESENTED. SECOND. BEEN MOVED AND SECONDED. ALL IN FAVOR, SAY AYE. AYE. AYE. AYE. THAT MOTION PASSES. NEXT IS THE MINUTES FROM THE SEPTEMBER 17TH MEETING. [2. ACTION ITEM: Approval of Minutes: September 17, 2026 ] ARE THERE ANY CHANGES OR MODIFICATIONS TO THOSE MINUTES? MOVE 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 OUR FINANCE REPORT. [3. ACTION ITEM: Approval of Expenditures and Finance Report ] I GOT TWO COPIES OF THE SAME COPIES, I THINK. OKAY. AND SO WE HAVE UNDER THE 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. THERE ARE TWO PAYMENTS THAT I WAS MAKING UP. IT MAY HAVE BEEN A TIMELINESS WITH INVOICES. I THINK IT WAS JUST A TIMING ISSUE, WASN'T IT? YEAH. THERE WAS JUST A TINY ISSUE GETTING THE INVOICES FOR THIS MONTH. SO THERE'S A GREAT VOICE WILL BE PAID IN THE NEXT MEETING. OKAY. THANK YOU. SERVICES FOR THE CITY OF IDAHO FALLS. $1,867, $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. THE ANNUAL DUES? OKAY. $3,845. ARE THERE ANY QUESTIONS ABOUT THE FINANCE REPORT? SORRY. THANK YOU. YEAH, THAT'S DUE TO OUR AI $9,200. CAN I JUST MAKE A QUICK NOTE? SURE. I'M SO SORRY. THERE WAS A SMALL MISTAKE IN THE REPORT THAT GOT BLOWN OUT. THAT'S MY GIFT TO 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? OKAY. OKAY. SO. ARE THERE ANY OTHER QUESTIONS OR AMENDMENTS TO THE FINANCE REPORT? IF NOT, I'LL ENTERTAIN A MOTION TO ACCEPT THE FINANCE REPORT, AS AMENDED. MOVE TO ACCEPT THE FINANCE REPORT OF OCTOBER 15TH, AS AMENDED. SECOND. THE MOTION HAS BEEN MADE AND SECONDED. ALL IN FAVOR, SAY AYE. AYE. AYE. OPPOSED? AYE. OKAY. HEARING NONE, THAT MOTION PASSES UNANIMOUSLY. [4. DISCUSSION ITEM: Update on River Commons Closeout and Whitewater Bridge Project ] OKAY. [00:05:03] BRAD, WOULD YOU 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 THE 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 DOES 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 SORT OF LAY OUT A VERY ROUGH IDEA OF WHAT THAT LOOKS LIKE. SEVERAL MONTHS AGO, 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 CITY STAFF AS WELL, THAT WAS 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 HAS 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 POTENTIAL PROJECTS THERE ON 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 FINE. AND THAT'S ALSO ASSUMING WE CAN STILL GET THE PROJECT DONE AS QUICKLY AS EVERYONE HOPES WE CAN. THERE'S EVEN A SLIGHT POSSIBILITY IT COULD BE DONE IN THIS CALENDAR YEAR, BUT WE'LL LIKELY SPILL OVER INTO THE SPRING BEFORE THE WATER GETS PUT BACK INTO THE CANAL. SO TRYING TO WORK WITHIN THAT TIME FRAME. BUT 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 FINISHING THE BONEYARD, WHICH YOU JUST APPROVED 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 CAMI AND MARK AND FINE TUNE THESE NUMBERS SO THEY'RE A LITTLE MORE ACCURATE. THEN IN TERMS OF THE WHITEWATER BRIDGE PROJECT, 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 COULD MOBILIZE QUICKLY AND COMPLETE THE PROJECT. THE CITY IS ALSO INTERESTED IN THEY WILL BE COMPLETED IN THE SPRING. SO IT'S KIND OF HAVE TO WATCH FOR THESE LITTLE DETAILS AND WATCH FOR HOW WEATHER HOLDS UP IN 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 ALL THE STEPS THAT HAVE TO HAPPEN. BUT CERTAINLY IN THE SPRING, I THINK WE COULD SEE THAT PROJECT ACCOMPLISHED. THEY ARE. THEY HAVE AN AGREEMENT BETWEEN THEMSELVES ON WHO'S RESPONSIBLE FOR WHICH PORTIONS. BALL 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 OVERLAY. AND THE OTHER STRUCTURE ACROSS THE SMALLER CANAL. YEAH. [00:10:13] BUT WE'RE JUST NOT WE'RE NOT QUITE READY WITH ALL THE STEPS WE WOULD HAVE TO DO. ALL RIGHT. THANK YOU FOR THAT, BRAD. WAS THERE ANYTHING YOU WANT TO ADD BEFORE WE MOVE ON TO YOUR REPORT? NO. WELL. EXCUSE ME. I GUESS AT THIS POINT, LET'S HEAR ABOUT [5. DISCUSSION ITEM: Directors Report ] THIS, THE SUMMARY FROM YOUR DIRECTOR'S REPORT. THOUGH. THE WILLOW CREEK DISTRICT WAS APPROVED BY CITY COUNCIL. AND ALL THE NOTIFICATIONS FOLLOWING THAT MEETING HAVE BEEN COMPLETED. SKYLINE BROADWAY. THIS IS ACTUALLY INCORRECT. NOVEMBER 24TH THAT WE WERE CONSIDERING THAT DATE. IT'S NOW DECEMBER 10TH, RIGHT? SO DECEMBER 10TH, THAT'LL HAVE ITS FINAL APPROVAL. IT GOES TO PLANNING AND ZONING ON NOVEMBER 4TH. SO EVERYTHING'S 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 DEVELOPER SENT ME AN EMAIL MAKING ME AWARE THAT THERE WERE STILL INVOICES FORTHCOMING FOR WORK COMPLETED IN PAN CARE IN THE PAN CARE A RIGHT OF WAY AS WELL AS 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 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 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 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. IT'S IN PREPARATION FOR NEXT MONTH OR JUST HEAR FROM THEM NEXT MONTH ON THAT REQUEST. SO THE TOTAL IS GOING TO BE $535,000 PLUS OR MINUS? PLUS OR MINUS. YEAH. 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 I'M TRYING TO THINK BACK. I THINK NORMALLY THEY WOULD COME AND EXPLAIN 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 IT'S PRETTY SUBSTANTIAL COST OVERRUN, I GUESS YOU MIGHT SAY. YEAH. EASILY. YEAH, THIS ONE PAID OFF FAIRLY QUICKLY BECAUSE THE VALUES WERE SO MINIMAL COMPARED TO 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. DO WE GET A NEW CASH FLOW. TYPICALLY NO. WE WOULD REVISE LIKE THE ECONOMIC FEASIBILITY STUDY CASH FLOW. NOW TYPICALLY WE WOULD NOT REVISE THAT. WE CAN CERTAINLY USE IT AS A REFERENCE. AND WE CAN DO SOME ROUGH NUMBERS ABOUT HOW FAST THAT WOULD PAY OFF. STILL, IF THAT WOULD BE HELPFUL TO THE BOARD. [00:15:10] IT'S PRETTY. YES. YEAH, I CAN PREPARE THAT. 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 ] 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 MEMBERSHIP OF HOW TO WORK BETTER WITH THE TAX COMMISSION AS WELL AS PERHAPS THE COUNTIES. SO WE HOPE TO HAVE A LITTLE BIT LONGER MEETING NEXT MONTH. WE ARE ALSO, YOU KNOW, LOOKING AND WATCHING 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. MOTION TO ADJOURN. THERE'S BEEN A MOTION TO ADJOURN. SECOND. THE MOTION HAS BEEN MADE AND SECONDED. ALL IN FAVOR, SAY AYE. AYE. AYE. OPPOSED? AYE. HEARING NONE. THE MEETING IS ADJOURNED. OUR NEXT MEETING WILL BE NOVEMBER 19TH. [7. Next Meeting: November 19, 2026 ] THANK YOU ALL FOR COMING. * This transcript was compiled from uncorrected Closed Captioning.