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Home My WebLink About08 05 2022 CDA Termination Budget HearingState of Idaho County of Bannock PROOF OF PUBLICATION Idaho State Journal I, Collins Crapo first being duly sworn, depose and say: That I am the Clees�€te& 34a*agHrr, o -F 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 Sunday, 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 for 2, first publication having been made on 08/05/2022 last publica- tion having been made on 0811212022, 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 s published in the newspaper and not in a supplement. r Subscribed and sworn to before me, on this 18th day of August, 202 BETH CROSSLEY 68187 Notary Public NOTARY PUBLIC My commission expires: STATE OF IDAHO MY COMMISSION EXPIRES 0728/28 ttached jurat STATE OF IDAHO ss. COUNTY OF BANNOCK On this 18th day of August, 2022 before me, the undersigned, a Notary public for said state, person- ally appeared Collins Crapo, known or identified to me to be the person(s) whose name(s) is/are subscribed to the within instrument, and being by me first duly sworn, declared 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. BETH CROSSLEY 68167 NOTARY PUBLIC STATE OF IDAHO MY COMMISSION EXPIRES 07/28/28 262544 Notary Public for APG of the Rockies Residing: Idaho Falls, Idaho Commission expires: AD# 262544AD# Legal Notice of Public Hearing Urban Renewal Agency of the City of Chubbuck, Idaho aJWa Chubbuck Development Authority Proposed Termination Budget for Chubbuck Downtown Improvement Plan District Only for Fiscal Year 2023 A public hearing for consideration of the proposed Urban Renewal Agency Project budget for the fiscal year that begins October 1, 2022, and ends September 30, 2023 will be held in Council Chambers, located at 290 E. Linden Ave, Chubbuck, Idaho, on August 16, 2022, at 5:30 p.m., pursuant to Idaho Code §§ 50-2903(5). Written or oral comments about the proposed budget are welcome. Written comments may be submitted prior to the meeting to: Chubbuck Development Authority, clo Devin Hillam, 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 determined 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 the FY 2023 budget. Prior year revenues and expenditures are available on the full Agency published budget proposal for FY 2023. The proposed expenditures and revenues for FY 2023 have been tenta- tively approved by the Chubbuck Urban Renewal Agency Board of Commissioners on July 19, 2022. City Hall is accessible to persons with disabilities. FY 2023 Projected Revenues Fund name Property Tax Revenue (Increment) Chubbuck Improvement Revenue Allocation Fund $ 2,575,000 Revenue Sources Other Than Property Taxes 50,000 Fund Balance Carryover - Total Revenues- All Sources $ 2.625.00Q FY2023 Proposed Expenditures Fund Name Chubbuck Improvement Revenue Allocation Fund Professional Services, Insurances, & Publications $60,000 Owner Participation Agreements or other Agreements (Knudsen & Arbor Court) 376,879 Property Insurance 3,200 Legal Publications 2,000 Debt Service 4201000` - Capital Improvements (New Day Parkway, Hawthorne Rd., & others) 1,727,921 Administrative Expenses 35,000 Preliminary Estimate of Cash to be remitted to County - Fund Total Expenditures $2,625jb00 Budget Note: The Agency expects to pay its contraction obligations, as may be amended, on or before Sep- tember 30, 2023 and the Agency expects all expenses from any reMaloing*pmjebts 9nd/or=9mA provements to be incurred and satisfied by the Agency's FY2023 budget. The Agency expects to dispose of its properties in the district prior to the district's termination and if revenues are received, to reopen the budget in accordance with Idaho Code. At this time, the Agency does not anticipate there will be any surplus available for remittance to the County Treasurer for distribu- tion to the taxing districts before or after September 30, 2023 Published Aug 5 and 12, 2022 (ISJ848-262544) 1M