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Home My WebLink About09 05 2023 CDA Termination BudgetState of Idaho County of Bannock PROOF OF PUBLICATION Idaho State Journal L Collins Crapo first being duly sworn, depose and say: That I am the Chi �A4aage�, 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 Satur- day, 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 09/05/2023 last publication having been made on 0911.212023, 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. Subscribed and sworn to before me, on this 12th day of September, 2023 VERAJ POVVE.L NOTARY PU M-S1ATI CF IDAHO COMM ISSION NU MBER 202 22624 Notary Public MY MotI dISSION EXPIRES 5-312028 My commission expires: attached jurat STATE OF IDAHO ss. COUNTY OF BANNOCK On this 12th day of September, 2023 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 helshelthey executed the same, IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate fust above written. VERAJ POiftIELI. ' NOTARY PUKIC • S TATE: OI= II)PNO ('4)h1Ivi SSION NUMBER ,x,222624 ` MIY COMMISSION EXPIFES 5-3'I-20128 � Notary Public for APG of the Rockies Residing: Idaho Falls, Idabo Commission expires: 413100 ADR 413100ADR Legal Notice of Public Hearing Urban Renewal Agency of the City of Chubbuck, Idaho a/k/a Chubbuck Development Authority Proposed Supplemental Termination Budget for Chubbuck Downtown Improvement Plan District Only for Fiscal Year 2023 A public hearing for consideration of the proposed Supplemental Urban Renewal Agency Proj- ect 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 September 19, 2023, 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: Chub - buck Development Authority, c/o Devin Hlllam, 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. Prior year revenues and expenditures are available on the full Agency published supplemental budget proposal for FY 2023. City Hall is accessible to persons with disabilities. Fund Name Property Tax Revenue (Increment) Chubbuck Improvement Revenue Allocation Fund Revenue Sources Other Than District Property Taxes Fund Balance Carryover Total Revenues -All Sources Fund Name Chubbuck Improvement Revenue Allocation Fund Professional Services, Insurances, & Publications Owner Participation Agreements or other Agreements (Knudsen & Arbor Court) Property Insurance Capital Improvements (New Day Parkway, Hawthorne Rd., & others) Administrative Expenses Preliminary Estimate of Cash to be remitted to County Fund Total Expenditures FY 2023 Projected Supplemental Revenues $ 2,450,000 32,100 201.113 $2,683,213 FY 2023 Proposed Supplemental Expenditures $ 55,000 448,213 2,100,000 80,000 $2,683,213 Budget Note: The Agency expects that all financial obligations related to the Project Area will have been pro- vided for, and any outstanding obligations will be paid in full on or before September 30, 2023, with the exception of: any reimbursement agreements or notes that have expired, terminated or cancelled on their own terms; project cost overruns from current projects; project costs for unex- pected construction delays; and costs related to monitoring compliance of development occurring pursuant to the terms of a DDA. The Agency will have sufficient funds on deposit for payment of the final project costs, Agency operations and administrative fees and costs. The Agency owns certain real property in the Project Area as Identified by address below. The Agency intends to dispose of three (3) parcels to developers selected pursuant to a competitive selection process as outlined in Idaho Code § 50-2011. For each parcel, the Agency and developer have entered into an agreement to negotiate exclusively and are currently negotiating the terms of a DDA. Should the property transfers fail to close pursuant to the DDAs, the Agency will convey the parcels to the City for disposal.The properties' approximate addresses are 152 Evans Ln., 206 E. Linden Ave., and 339 E. Chubbuck Road, Chubbuck, ID 83202. Published: September 5, 12, 2023 (ISJ848.413100)