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HomeMy WebLinkAbout09 06 2025 CDA Amended Budget667186 PROOF OF PUBLICATION Idaho State Journal State of Idaho Counties of Bannock and Caribou I, Collins Crapo first being duly sworn, depose and say: That I am the Processing Clerk employed by Adams Publishing Group of the Rockies LLC, publishers of Idaho State Journal, a newspaper of general circulation, published 4 days, Tues -Wed -Friday and Saturday, at Pocatello, Idaho. That the notice, of which a copy is hereto attached and made a part of this affidavit, was pub- lished in said Idaho State Journal and on IdahoPublicNotices.com for 2 day(s), first publication having been made on 09/06/2025 last publication having been made on 09/1312025, and that the said notice was published in the regular and entire issue of said paper on the respective dates of publication, and that such notice was published in the newspaper and not in a supplement./'Ym �/6 /4/"-1 attached jurat STATE OF IDAHO ss. COUNTIES OF BANNOCK AND CARIBOU On this 15th day of September, 2025 before me, the undersigned, a Notary public for said state, person- ally appeared Collins Crapo, Processing Clerk employed by Adams Publishing Group of the Rockies LLC, publishers of Idaho State Journal, a newspaper of general circulation, known or identified to me to be the person whose name is subscribed to the within instrument, and being by me first duly sworn, de- clared that the statements therein are true, and acknowledged to me that he/she/they executed the same, IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. Notary Public for APG of the Rockies Residing: Idaho Falls, Idaho Commission expires: 7/28/2028 AD# 667186AD# LEGAL NOTICE Notice of Public Hearing Urban Renewal Agency of the City of Chubbuck, Idaho aMa Chubbuck Development Authority Budget Amendment for Fiscal Year 2025 A public hearing for consideration of the Urban Renewal Agency Project amended budget for the fiscal year that begins October 1, 2024, and ends September 30, 2025 will be held in Council Chambers, located at 290 E. Linden Ave, Chubbuck, Idaho, on Sep- tember 16, 2025, at 5:30 p.m., pursuant to Idaho Code §§ 50-2006(d), 50-2903(5) and 50-1002. Written or oral comments about the proposed budget are welcome. Written comments may be submitted prior to the meeting to: Chubbuck Development Authority, c/o Ashley Squyres, 290 E Linden Ave., Chubbuck, ID 83202. The Agency budget funds the programs, services, and capital projects that the Agency Board and the City Council have deter- mined to be important to meet the Agency's strategic goals as described in the adopted urban renewal plans. Agency does not levy property taxes but rather, collects increment revenues generated in accordance with the urban renewal plans. This public hearing on the proposed budget is required for formal adoption of an amended FY2025 budget. The proposed expen- ditures and revenues for FY2025 have been tentatively approved by the Chubbuck Urban Renewal Agency Board of Commissioners on September 16, 2025. City Hall is accessible to persons with disabilities Pine Ridge Revenue Allocation Fund Administrative Expenses FY 2423 FY 2024 FY 2025 Debt Service Budgeted Budgeted Amended Fund Name Revenues Revenues Revenues Property Tax Revenue (Increment) 302,000 170,000 300,000 Chubbuck Improvement Revenue Allocation Fun $2,575,000 - - Pine Ridge Revenue Allocation Fund $297,000 $315,000 $300,000 Northside Crossing Revenue Allocation Fund 170,000 170,000 $228,400 Harvest Springs Revenue AilocationFund 20.000 40.00 $46.344 Total Property Tax Revenue $3.062.004 $525,000 $57434 Revenue Sources Other Than Property Taxes 5,000 9,269 Chubbuck Improvement Revenue Fund 55,000 - - Pine Ridge Revenue Allocation Fund- Interest 5,000 5,000 7,000 Pine Ridge Revenue Allocation Fund- Carryover 20,000 18.000 55,000 Fund Balance Carryover from FY24 Administrative Fund - Carryover - 44,800 76,800 Total Revenues- All Sources $3.117.000 $574,800 $713.144 Legal FY 2023 FY 2024 FY 2025 Dues & Subscriptions Budgeted Budgeted Amended Fund Name Expenditures Expenditures Expenditures Pine Ridge Revenue Allocation Fund Administrative Expenses 15,000 34,000 18,400 Debt Service 287,000 136,000 180,000 Debi Trustee 102.000 Fund Total 302,000 170,000 300,000 Northside Crossing Revenue Allocation Fund Administrative Expenses & Capital Improvements 34,000 8,000 45,600 Owner Participation Agreements or other Agreements 136,000 32,000 182.400 Fund Total 170,000 40.000 228,00 0 Harvest Springs Revenue Allocation Fund Administrative Expenses & Capital Improvements 5,000 9,269 Owner Participation Agreements or other Agreements 15,000 14,000 37,075 Capital Improvements 15,000 Fund Total 20,000 18.000 46.344 Administrative Fund Office & Financial Administration 14,000 80,000 City Administrative Reimbursement - Legal 15,000 24,000 Dues & Subscriptions 18,000 1,800 Professional Services 1,800 20,000 Other 12,000 Publications 1.000 1.000 Fund Total 49.800 1313,800 Total All Expenditures $3.117.D00 $713,144 Published: September 6, 13, 2025 (ISJ848-667186)