Caldwell Urban Renewal Agency

The annual report provides an opportunity for the Agency to Update the City Council, the public and its constituencies on activities taken by the Agency during the respective calendar year. The agency holds a public meeting to allow for comment by the public on the contents of the Annual report.

The Caldwell Urban Renewal Agency was approved by City Council on December 21, 1998 and is governed by seven commissioners that oversee and coordinate redevelopment efforts in Caldwell, Idaho. They have engaged in strategic planning and have implemented urban renewal projects as they saw the need. At the time of this report, the Commission members are Jim Porter (Chairman), Julie Warwick (Vice Chair), Chuck Stadick, Chris Allgood, David Moore, Tom Kohl and Zach Brooks.

City staff who assist the agency are Kristina Buchan (Secretary), Mark Hilty (Legal Counsel) and Raelynn North (Treasurer) Ofelia Morales (Executive Director).

The purpose and goals of the Urban Renewal effort have included:

1. Economic Development Activities

2. Rehabilitation and expansion of streets and providing adequate access

3. The further development of public utilities to increase the viability and readiness of future development opportunities

The Caldwell Urban Renewal Agency is required to provide a complete financial statement setting forth its assets, liabilities, income and operating expenses. The financial statements can be found in the 2025 audit which is included as part of this annual report and is attached as a separate document. Please note that the audit only covers through the end of the fiscal year, September 30, 2025.I

Eide Bailly presented to the Caldwell Urban Renewal Board on February 10, 2025 and there were no audit findings and the financial statements were issued a clean opinion. 

· Maverik Fuel Center (Store #797) Maverik purchased 5.15 acres to construct a new 5,637-square-foot facility. This investment (estimated at approximately $15 million) will help serve the region’s growing needs. The Agency assisted Maverik through a Tax Increment Financing (TIF) agreement in which the company will construct a water line that meets the City’s standards. This improvement will support future growth and development on the surrounding acreage.
· District 26 Access Road and TIF Agreement The Agency worked with the developers of District 26 to finalize a TIF agreement that will enable the construction of an access road from Highway 20/26 into the property at the Gravel Lane connection point. This improvement reflects the planned location of the City's future collector road and follows months of collaboration with the Idaho Transportation Department to secure the necessary approvals.
· Weather Tight Roofing, Inc. Headquarters Project Agency staff continues to support Weather Tight Roofing, Inc. in planning for a 12,000-square-foot warehouse and office headquarters on 2.35 acres within the district. Progress on this project is tied to the Agency’s ability to work with nearby property owners to facilitate the future construction of a water line needed to serve the site. Planning efforts are ongoing, and the Agency is working closely with the City to advance this infrastructure need.

As additional projects show interest in the area, Agency staff will continue to collaborate with stakeholders as plans progress over the coming years. The future is bright for the Urban Renewal District, and the City of Caldwell’s newly adopted Comprehensive Plan (February 2025) provides a planning framework for the continued industrial development of many parcels in this area, helping guide the City’s long-term growth.

There were board member changes from last report.

Brad Doty was removed as a Board Member.

Chuck Stadick was added as a Board Member.

As of January 1, 2022, the base year for the North Revenue Allocation Area, assessed values of taxable properties within the urban renewal boundaries totaled $20,340,024. As of September 30, 2025, assessed values within this same area total $42,685,538. Property tax increment revenue estimated for the fiscal year 2025 equals $149,700.

As of January 1, 2024, the base year for the new Site A Revenue Allocation Area, assessed values of taxable properties within the urban renewal boundaries totaled $464,445. As of September 30, 2025, assessed values within this same area total $89,050. Property tax increment revenue estimated for the fiscal year 2025 equals $514.