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Tuesday, June 10, 2014

AmeriTitle expands services into Bingham, Fremont counties

AmeriTitle has expanded its services into Bingham and Fremont counties. One of the largest independent title insurance and escrow companies in the Pacific Northwest with, 42 offices throughout Idaho, Oregon, and Washington, AmeriTitle now has 10 branches serving 13 counties in Idaho.


“All of us at AmeriTitle pride ourselves in providing the best title and escrow services to our local real estate communities,” said Richard Hajek Jr., AmeriTitle assistant vice-president and East Idaho area manager. “Expanding into these two counties has been a goal of mine for some time, and thanks to the support of our new parent company, Futura Title and Escrow Corp., I am thrilled that we were able to complete this expansion.”

Monday, June 9, 2014

Apartment Association has new officers

Jared Duncan has been nominated the new president of the Eastern Idaho Apartment Association. He is the lead property manager at BMG Rentals, managing single family homes, duplexes and multifamily properties.

Aaron Belk, owner and operator of Trail Creek Property Management, has accepted the nomination as president-elect. He leads a team that manages more than 300 units between Rigby and Blackfoot.

The association is scheduling all of next year's speakers and meetings. Possible topics for meetings and speakers include fair housing and how to increase the value of property. Anyone who would like to make a topic recommendation can contact the association's officers:
President: Jared Duncan
President-elect: Aaron Belk
Treasurer: Bart Weaver
Board Member: Jake Durtschi (jake@jacobgrant.com)

Making the grade

We know the sight of dirt being moved can sometimes be the basis for wild speculation, but according to our highly reputable sources nothing is currently planned for this parcel southwest of Wal-Mart on Pioneer Road (that's the new Pancheri overpass in the background). The owner is Guy Arnold of Maple Creek Investments. Because of all the lava rock it is not the easiest ground to sell, so Arnold is grading it to make it more appealing to potential developers.

Friday, June 6, 2014

Anheuser-Busch files plans for $8.8 million water treatment system

On the eve of the Beer Fest, it seems only right to report that Anheuser-Busch has filed plans with the Idaho Falls Building Department for a water treatment system at its barley malting plant at South Yellowstone and Jameston Road.

"The $8.8 million project demonstrates Anheuser-Busch's commitment to investing in our environmental management systems and enhancing our malting operations," said Plant Manager John Drake in a press release. "Construction is beginning now and will complete by end of 2014. Once complete, the water treatment system will provide a more sustainable and internal water treatment process at the malt plant."

The project involves 176 acres south and east of the barley malting plant, which went into operation in 1991. There will be a 4,620-square-foot processing building and two circular holding tanks, each of them 8,495 square feet. The general contractor on the project is J.C. Constructors of Meridian.

Bandon River Apartments holds grand opening

Angie Ferguison of Thomas Development Co. (left) and Sheila Mitchell, Bandon River Apartments manager, handle the scissors Friday at the apartment complex's grand opening.
Bandon River Apartments at Snake River Landing had its grand opening today, with the obligatory ribbon-cutting by the Greater Idaho Falls Chamber of Commerce Ambassadors.

Half of the complex's 48 one- and two-bedroom apartments are already occupied. Like Rosselare and Summerhill, Bandon River was built by Thomas Development Co. and Northwest Integrity Housing Co., a development team committed to providing quality housing to people who might otherwise scramble to find a roof over their heads that doesn't leak.

"All people deserve to have a safe, sanitary and very decent place to live," said Tom Mannschreck, a member of the Northwest Integrity board of directors.

In addition to Snake River Landing and the developers, organizations involved in the public-private networking included:
Idaho Housing and Finance Association (low income housing tax credits)
Key Community Development Corp. (equity partner)
Key Bank (construction loan)
Idaho-Nevada Community Development Financial Institution (permanent loan)
Catholic Charities of Idaho (support services)
Erstad Architects (architects)
Pacific West Construction (general contractor)
Tomlinson & Associates (property management)

The project was also aided by tax increment financing made possible through the Idaho Falls Redevelopment Agency. Under tax increment financing, property owners pay taxes on the land as if it were still undeveloped. Taxes they pay on improvements to property are administered by the Redevelopment Agency to pay for streets, storm drainage, power lines, etc. This allows for the development of land that would otherwise be too expensive to improve.

To live in Bandon River, you must be 62 years or older. Rents are charged according to a resident's income on a scale set by the Idaho Housing and Finance Administration.

The developers expect to be awarded the US Green Building Council LEED for Homes Platinum certification, which recognizes attention to sustainable design, energy efficiency and the use of "green" materials.

About 85 percent of the work on the project was done by local subcontractors, said Jason Kunde of Pacific West Construction.

Thursday, June 5, 2014

Fall River Electric Co-op holding annual meeting Saturday in Driggs

Fall River Electric Cooperative is hosting its annual meeting for owner-members on Saturday, and for the first-time ever, the meeting is being held in Teton Valley.

To give owner-members from Teton Valley an opportunity to learn more about the co-op's services and product, the meeting will be held in Driggs at Teton High School. The annual meeting is free to anyone who receives power from Fall River Electric.

Free breakfast will be served starting at 8 a.m. -- pancakes, eggs, sausage, hash browns or yogurt, granola and fresh fruit. The first 500 members through the door on Saturday will receive a free seven-outlet advanced power strip, which not only provides quality surge protection but reduces the amount of standby power used by electronics in your home or office.

Members will also be able to register for prizes including a 55-inch flat screen HDTV, a Convectair radiant convection electric heater (a value of over $700), a free home energy audit (which normally costs $235), a 7-in-1 propane gas smoker, and many other smaller items.

The annual business meeting will start at 10:30 a.m. It will include a financial report, a report on key 2013 activities and future plans, presentations from the six candidates vying for three board of director positions, and an opportunity for members to ask questions.

Over a dozen vendor booths will be on-site, featuring information on home improvement, alternative solar and wind energy, summer recreational products, lawn and garden, health and wellness providers, and insulation. Electrical safety demonstrations conducted by Fall River's linemen will be held Saturday morning at 8, 9 and 9:45, where attendees can register to win a free professional grade chain saw.

For the kids there will be a play area, jump houses and rides on the Fall River Propane train.

People who visit the Fall River Propane booth can get a free certificate to fill as many propane cylinders as they want for just $5. Cylinder filling will take place June 10 and 12 in Driggs .

Tuesday, June 3, 2014

Fluor, NuScale expanding office presence in Idaho Falls

Now that they have a deal with the U.S. Department of Energy, Fluor Corp. and NuScale Power are getting ready to expand their offices in Idaho Falls, in the Taylor Crossing on the River development.

It is not a huge expansion, but it represents the first step in a nine-year march toward building small modular reactors on the Idaho desert.



Oregon-based NuScale, in which Fluor has been the the majority investor since 2011, announced last week that it had signed a contract agreement with the DOE for $217 million in matching funds to support development, licensing and commercialization of the company’s nuclear small modular reactor technology.

After review by the Nuclear Regulatory Commission, NuScale expects to submit an application for design certification in the second half of 2016. This will allow the company to meet a commercial operation date of 2023 for its first planned project, in Idaho, with partners Energy NorthWest and Utah Associated Municipal Power Systems (of which Idaho Falls Power is a member.)

NuScale's Chief Commercial Officer Mike McGough said the DOE's award was a "very important validation of our efforts," and would make it easier to raise the matching funds from investors. The office in Idaho Falls is more Fluor's than NuScale's -- "They're letting us co-habitate with them," he said -- but it will be where meetings are held regarding such matters as supply chain.

NuScale has had a prototype small modular reactor in operation since 2003.
An artist's rendering of how NuScale's small modular reactor assembly would work. For a full story, visit this link: http://greenbuildingelements.com/2013/07/01/nuscale-powers-small-modular-reactor-chosen-as-preferred-technology-by-western-initiative-for-nuclear/
"The DOE money doesn't pay for construction of a project; the idea is to help fund the development and licensing of the technology," McGough said. The cost of the entire project could top $2 billion.

NuScale has to research an "Idaho-wide region of interest," identifying possible sites on the desert, gathering geological and meteorological information. A lot of that has been gathered at the Idaho National Lab, which dates back to 1949.

While the desert west of Idaho Falls was once home to 52 reactors, only three remain in operation now, most prominently the Advanced Test Reactor, which was built in the mid-1960s. At a conference in Idaho Falls last year, NuScale detailed a goal of building 12 small modular reactors, linked together and generating 545 megawatts by 2025.

Compared to a typical pressurized water reactor generating 1,000 megawatts, the advantage to a small modular reactor of 45 megawatts is that it is a "plug and play" proposition, McGough said. Fluor wants to market nuclear power plants to the world, which is why it bought NuScale.

A design certification application to the Nuclear Regulatory Commission is typically a document of around 10,000 pages, after which the company would need to get NRC permission to build.

"There's lots of things you have to do, and you have to do them right," McGough said.

Unlike traditional reactors, which rely on electric pumps to keep water on the fuel rods to keep them from melting, NuScale's self-contained, self-circulating reactors shut themselves down during a station blackout.

As for the selection of Idaho Falls, it's a case of going where you are wanted. "If the community won't support it, you just shouldn't try," he said.

As part of the Intermountain Energy Summit scheduled for mid-August in Idaho Falls, NuScale has set up a Supplier's Day on Aug. 21, where possible vendors can engage in "speed dating" -- 15-minute meetings where they can discuss possibilities. "We were blown away by the response," McGough said. "There is a lot of interest in this project."

In its "State of Energy in the West" report of June 2013, one of the Western Governors Association's stated goals was to find ways to accelerate introduction of small modular reactors into Western states.