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Minutes - 2026 - City Council - 05/13/2026 - SpecialEAGLE CITY COUNCIL SPECIAL MEETING MINUTES May 13, 2026 1. PLEDGE OF ALLEGIANCE: Mayor Pike leads the Pledge of Allegiance. 2. CALL TO ORDER: Mayor Pike calls the meeting to order at 5:30 p.m. 3. ROLL CALL: Present: GILLIS, KVAMME, MAY MERRILL. A quorum is present. 4. UNFINISHED BUSINESS: A. ACTION ITEM. Review and Discuss Orville Jackson House appraisal and proper options. Museum Director, Alana Dunn provides an overview of the Historic Structure Report that was completed in May 2024 by Trout Architects on the Jackson House and the property appraisal that was completed this year. Council reviews and discusses the property appraisal, structure options as presented in the Historic Structure Report, the possibility of a partnership with the Eagle Urban Renewal Agency, the existing deed restriction and potential additional deed restriction(s) that the City could place on the property. Discussion. Merrill moves that the Eagle City Council move forward on option three with a private sale/development with a deed restriction for the Jackson home as presented in our meeting today on May 12". Seconded by May. Discussion. Clarification that Council move in the direction, but are not necessarily absolute in pursuing it. They wish to take steps to communicate with the potential partner and see if they are in concert with the option discussed tonight. KVAMME, AYE; MAY, AYE; MERRILL, AYE, GILLIS, AYE. ALL AYE ... MOTION CARRIES. 5. ADJOURNMENT: May moves to adjourn. Seconded by Kvamme ALL AYE ... MOTION CARRIES. Hearing no further business, the Council meeting was adjourned. Re ectf illy submitte .`'���`1.OF•Eq tzPOR •,CC' CY S O , CMC — • — ; * CITY CLERK = :.SEAL 0 " APPROVED: �'°.TF000000 OF ID BRA KE, MAYOR AN AUDIO RECORDING OF THIS MEETING IS AVAILABLE FOR DOWNLOAD AT WWW.CITYOFEAGLE.ORG. Page 1 K:\COUNCIL\MINUTES\Temporary Minutes Work Area\CC-05-13-26m1n.docx 5/26/2026 JACKSON HOUSE APPRAISAL Appraisal of Real Property: Orville Jackson House Single -Family Residential 127 S. Eagle Rd. Eagle, Ada County, Idaho 83616 Prepared for: City of Eagle Prepared date: March 24, 2026 Prepared by: Robin Brady SCENERIO #1 FULLY DEED -RESTRICTED -0.81 acres (35,196 SF) -to arrive at a market value as is for the property, we deduct the renovation costs value by the sales comparables. The appraisal is as follows: Market Value Conclusion As Completely Renovated: $975,000 (based on comparables) Minus Renovation Expenses:-$314,188 (as taken from the Historic House report) Market Value As Is: $660,813 5/26/2026 Front Entry Water Infiltration-$15,000 Northeast Corner grading depression- $5,000 Brick Mortar / Repointing-$8,000 Brick Settlement Cracks-$2,000 I Exterior Structures & Coverings-$4,000 Living Room South Awning-$8,000 Subtotal $228,500 Exterior Painting-$15,000 General Contingency 25% $57,125 Dining Room Porch Structure-$10,000 Entrepreneurial Incentive 10% $28,563 South Gable Exhaust Fan Opening-$12,000 Repair & Refinish Basement Windows-$5,000 Total Renovation Cost $314,188 Hand & Guard Railing Added-$12,000 Repair Interior Plaster-$1,500 Update Kitchen Cabinets-$30,000 *These renovation estimates are from New Kitchen Appliances-$6,000 the Historic House Report from Steve Refinish Wood Floors-$5,000 Repaint Interior-$12,000 Trout. Staff has concluded some of New Drapery-$8,000 these estimates are on the high side. Augment HVAC systems-$20,000 (DONE) New Electrical System-$48,000 SCENERIO 42 PARTIALLY DEED -RESTRICTED -0.31 acres (13,504 SF) -the site is in a highly desirable location and parcel could be split, rezoned as retail/Central Business District and sold along side the house to maximize the potential of the site. -Market Value of split parcel based on comparables: $337,590 -Planning and Zoning has confirmed that this parcel can be split. 5/26/2026 COMPARISON OF BOTH SCENARIOS -Scenario # 1 (full deed restricted) Potentially $975,000 appraisal with budgetary commitment of approx. $314,188 for renovations identified in Historic House report. Appraisal as house stands today is $660,000 if not parcel split OR -Scenario #2 (parcel split) Potentially $975,000 appraisal with no budgetary commitment for renovations but with parcel split and valued at $337,500 for a total appraisal of $975,000. *In this second scenario, both parcels would in theory be sold as a package deal. -Most Probable Buyer According to Appraiser, taking into account the size and characteristics of the property and its occupancy, the likely buyer is would be an owner -user.