Minutes - 2011 - Planning & Zoning - 09/06/2011 - Special THE CITY OF EAGLE
PLANNING AND ZONING COMMISSION
September 6,2011
Special Meeting Minutes
1. CALL TO ORDER: Meeting called to order at
2. ROLL CALL: Present: TANNER, ROEHLING, AIZPITARTE, SMITH, Absent: VILLEGAS.
A quorum is present.
3. APPROVAL OF MINUTES:
A. Minutes of August 15,2011.
Roehling abstains as he was not in attendance at the August 15, 2011 meeting.
Tanner moves to approve the minutes as presented. Seconded by Aizpitarte. ALL
AYE...(ROEHLING ABSTAINS). MOTION CARRIES.
4. NEW BUSINESS:
A. Spring Valley Idaho (formerly known as M3 Eagle), represented by Gerry Robbins, filed a
petition with the City of Eagle requesting the formation of a Community Infrastructure
District(CID): The 5,610 acre site is located within the incorporated City limits of the City of
Eagle generally north of Homer Road between State Highway 16 and Willow Creek Road. The
petition was made pursuant to Idaho Code Chapter 50, Section 31.
Note: The Eagle Planning and Zoning Commission meeting is ONLY an informational workshop on
the Community Infrastructure District(CID) .This is not a public hearing and is not required
under Idaho Code. The public is welcome to attend and hear about the CID petition. All
public comments are welcome to be submitted for consideration by the City Council during
their review in October, 2011.
Chairman Smith introduces the item.
City Attorney Buxton gives a history of the changes in Idaho State Code as of 2008 that allows for the
creation of a Community Infrastructure District(CID). She also briefly reviews the history of M3 and
the development agreement that is currently in place for Spring Valley Idaho. The creation of a CID
would generate separate taxing district
Jerry Robbins with M3, 533 E. Riverside Dr. Eagle, Idaho. Mr. Robbins explains that this is a
financing tool that would assist in the financing of public infrastructure. The compilation of this
document has been in the works for over a year. They are asking that the City form the district, not
issue bonds,just create the district. The City has no financial liability related to the debt obligation of
the CID.
Carter Froliech, with Development Planning& Financing Group, Inc. (DPFG), Managing Principle of
DPFG. He presents an overview of community infrastructure districts and specifics regarding the
Spring Valley development. (PowerPoint attached to minutes.) Idaho State Code specifies that only
"backbone"type infrastructure can be funded by this mechanism, i.e. roadways, water and sewer
systems, lighting and traffic control, etc. Mr. Froliech states that the City is in no way liable for the
debt of the project. There are three types of bond that can be sought via a CID: revenue bond, general
obligation bond and a special assessment bond. Discussion regarding specific bond types and purpose
for each.
Mr. Froliech reviews the statutory limitations of the CID bonding options. For example, a general
obligation (GO)bond requires a vote of 2/3rds of qualified electors within the district to approve the
bond authorization. Additionally the principle amounts of a"GO"bond cannot exceed 12% of the
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actual or adjusted market value of the property. Special assessment districts is approved by obtaining
signatures of all of the landowners within the assessment area.
Discussion between Commission, Mr. Froliech and City Attorney Buxton.
Mr. Froliech states that the Spring Valley project is anticipated to be developed in 5 phases over 20
years. The developer is asking for the use of all three bond types. Review of statutory restrictions and
requirements.
Discussion.
Chairman Smith inquires if anyone in the audience has questions or wishes to speak. No one chooses
to speak.
Discussion amongst the Commission.
5. REPORTS:
A. Commission: No report.
B. City Attorney: No report.
C. Staff: No report.
6. ADJOURNMENT:
Aizpitarte moves to adjourn. Seconded by Roehling. ALL AYE...MOTION CARRIES.
Hearing no further business, the Commission meeting adjourned at 7:58 p.m.
RESPECTFULLY SUBMITTED:
Cli 0
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•
HARON K. BERGMANN • N., •
CITY CLERK/TREASURER ` !-' ••• •
•
APPROVED: • '1)A t{O ,,••�
,','onnn•`,,,
DEREK T. SMITH
CHAIRMAN
AN AUDIO RECORDING OF THIS MEETING IS AVAILABLE AT CITY HALL UPON REQUEST.
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