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Home My WebLink About08 02 2024 CDA Budget Hearing542628 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 08/02/2024 last publication having been made on 0811012024, 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 7?114r,v /1r Subscribed and sworn to before me, on this 12th day of August, 2024 attached jurat STATE OF IDAHO ss. COUNTIES OF BANNOCK AND CARIBOU Notary Public My commission expires: On this 12th day of August, 2024 before me, the undersigned, a Notary public for said state, personally 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. CRO . Notary Public for APG of the Rockies TI—A,' ra l tl� Tamil, -VAR OB0 *8104111460OF►�p;. Commission expires: 7 z l jz fi ALM 542528AD# LEGAL NOTICE Notice of Public Hearing Urban Renewal Agency of the City of Chubbuck, Idaho afkla Chubbuck Development Authority Proposed Budget for Fiscal Year 2025 A public hearing for consideration of the proposed Urban Renewal Agency Project 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 August 12, 2024, at 5:30 p.m., pursuant to Idaho Code §§ 50-2006(d), 50-2903(5) and 50-1002, Written or oral comments about the pro- posed budget are welcome. Written comments may be submitted prior to the meeting to: Chubbuck Development Authority, c/o Joey Sowers, 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 the FY 2025 budget, The proposed expenditures and revenues for FY 2025 have been tentatively approved by the Chubbuck Urban Renewal Agency Board of Commissioners on July 16, 2024, City Hall is accessible to persons with disabilities. FY 2023 FY 2024 FY 2025 Budgeted Budgeted Proposed Expenditures Expenditures Expenditures Fund Name Pine Ridge Revenue Allocation Fund Administrative Expenses FY 2023 FY 2024 FY 2025 Debt Service Budgeted Budgeted Proposed Debt Trustee Revenues Revenues Revenues Fund Name $302,000 $170,000 $300,000 Property Tax Revenue (Increment) Chubbuck Improvement Revenue Allocation Fund $ 2,575,000 - - Pine Ridge Revenue Allocation Fund $ 297,000 $ 315,000 $300,000 Northside Crossing Revenue Allocation Fund $ 170,000 $ 170,000 $200,000 Harvest Springs Revenue Allocation Fund $ 20.000 40,00 20,000 Total Property Tax Hevenue $ 3,062,000 $525,000 $520,000 Revenue Sources Other Than Property Taxes $ 15,000 $ 14,000 $ 16,000 Chubbuck Improvement Revenue Fund 15,000 Pine Ridge Revenue Allocation Fund $ 55,000 - - Interest $ 5,000 $ 5,000 $ 7,000 Pine Ridge Revenue Aliocation Fund Carryover $ 14,000 $ 55,000 Fund Balance Carryover from FY23 Administrative Fund - Carryover - $ 44,800 $ 76,800 Total Revenues- All Sources $ 3.117.000 $574,800 $661,000 FY 2023 FY 2024 FY 2025 Budgeted Budgeted Proposed Expenditures Expenditures Expenditures Fund Name Pine Ridge Revenue Allocation Fund Administrative Expenses $ 15,000 $ 34,000 $ 18,000 Debt Service $287,000 $136,000 $180,000 Debt Trustee $102,000 Fund Total $302,000 $170,000 $300,000 Northside Crossing Revenue Allocation Fund Administrative Expenses & Capital Improvements $ 34,000 $ 8,000 $ 40,000 Owner Participation Agreements or other Agreements $136,000 32,000 $160,000 Fund Total $170,000 40,000 $200,000 Harvest Springs Revenue Allocation Fund Administrative Expenses & Capital Improvements $ 5,000 $ 4,000 Owner Participation Agreements or other Agreements $ 15,000 $ 14,000 $ 16,000 Capital Improvements 15,000 Fund Total $20,000 18 004 20,000 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 80 Total All Expenditures $ 3,117o[hF�"°<< . $658,800 Published: August 2, 10, 2024 (ISJ848-542628) .....tea- ,