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0759 Approving PineRidemall Urban Renewal Area and Improvement Plan
21906865 . ____ z r�=iii. � "I H a —_ .,:•,— E. CITY OF CHU BUCK 2 1 9 o b 8 t7 5 CITY OF CHUBBUCK, IDAHO 1019 MAY 23 A q: � ORDINANCE NO. -,7A -� AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CHUBBUCK, IDAHO, APPROVING THE PINE RIDGE MALL URBAN RENEWAL AREA AND IMPROVEMENT PLAN, WHICH PLAN INCLUDES REVENUE ALLOCATION FINANCING PROVISIONS; AUTHORIZING THE CITY CLERK TO TRANSMIT A COPY OF THIS ORDINANCE AND OTHER REQUIRED INFORMATION TO COUNTY AND STATE OFFICIALS AND OTHER TAXING ENTITIES; APPROVING THE SUMMARY OF THE ORDINANCE; AND PROVIDING AN EFFECTIVE DATE. BE IT ORDAINED BY THE MAYOR AND COUNCIL OF THE CITY OF CHUBBUCK, IDAHO WHEREAS, on or about April 11, 1992, by Resolution No. 4-92, the Chubbuck City Council ("City Council") and Mayor of the city of Chubbuck, Idaho ("City") created an urban renewal agency, the Chubbuck Urban Renewal Agency d/b/a Chubbuck Development Authority ("Agency"), authorizing it to transact business and exercise the powers granted by the Idaho Urban Renewal Law of 1965, Chapter 20, Title 50, Idaho Code, as amended (the "Law") and the Local Economic Development Act, Chapter 29, Title 50, Idaho Code, as amended (the "Act"), upon making the findings of necessity required for creating said Agency; WHEREAS, the City Council, after notice duly published, conducted a public hearing on October 27, 1992, on the Urban Renewal Plan Chubbuck Downtown Improvement Project (the "1992 Plan") to redevelop a portion of the City, pursuant to the Law and the Act; WHEREAS, the City Council, in response to the public hearing on October 27, 1992, by Resolution No. 11-92, amended City Council Resolution Nos. 4-92 and 7-92, to reduce the geographic boundaries of the revenue allocation area, which resulted in removal of the northern parcels from the proposed revenue allocation area; WHEREAS, following said public hearing, the City Council adopted its Ordinance No. 385 on October 27, 1992, approving the 1992 Plan and making certain findings; WHEREAS, the revenue allocation area boundaries were further administratively adjusted at the request of the Bannock County Assessor's Office by City Council Resolution No. 1-93, dated January 19, 1993, to avoid splitting parcels; WHEREAS, on or about November 23, 1998, the Agency, City, and the Bannock County Board of County Commissioners (`BOCC") and the Bannock County Assessor ("Assessor") (collectively the BOCC and Assessor may be referred to as "Bamiock County") entered into the Intergovemimental Agreement with Respect to the Chubbuck Development Authority and its ORDINANCE T5 � - 21506865 Urban Renewal Plan (the "IGA"), to address concerns generally related to the geographic size and value of the 1992 Plan revenue allocation area; WHEREAS, the parties to the IGA agreed to an infonxnal partial deannexation from the 1992 Plan revenue allocation area by specifically listing the parcel numbers of the properties to remain within the revenue allocation area; all other parcels not listed were to be disregarded for purposes of calculating tax increment (revenue allocation). The Assessor continues to track the parcels included in the 1992 Plan revenue allocation area consistent with the terms of the IGA; WHEREAS, the boundary map and legal description of record with the State Tax Commission ("STC") were not updated to reflect the agreed upon changes in the IGA; WHEREAS, based on inquiries and information presented, it became apparent that certain property within the City may be deteriorating or deteriorated and should be examined as to whether such area is eligible for urban renewal planning purposes; WHEREAS, pursuant to Idaho Code § 50-2008, an urban renewal project may not be planned or initiated unless the local governing body has, by resolution, detennined such area to be a deteriorated area or deteriorating area, or combination thereof, and designated such area as appropriate for an urban renewal project; WHEREAS, Idaho Code § 50-2946, also requires that in order to adopt an urban renewal plan containing a revenue allocation financing provision, the local governing body must make a finding or determination that the area included in such plan is a deteriorated area or deteriorating area; WHEREAS, the Agency commenced certain discussions concerning examination of a certain area as appropriate for an urban renewal project; WHEREAS, a Deterioration Study, dated April 24, 2015, examined an area in the City known as the Pine Ridge Mall Project Area for purposes of determining whether such area was a deteriorating or deteriorated area as defined by Idaho Code §§ 50-2018(9) and 50-2903(8); WHEREAS, the Agency accepted the Deterioration Study and submitted it to the City; WHEREAS, the City Council, by Resolution No. 02-2015, dated rune 17, 2015, declared the Pine Ridge Mall Project Area described in the Deterioration Study to be a deteriorated or deteriorating area as defined by Chapters 20 and 29, Title 50, Idaho Code, as amended, that such area is appropriate for an urban renewal project and directed the Agency to commence preparation of an urban renewal plan for the area designated; WHEREAS, the City Council, after notice duly published, conducted a public hearing on the first Pine Ridge Mall Urban Renewal Plan (the "2015 Plan") to redevelop a portion of the City, pursuant to the Law and the Act; WHEREAS, following said public hearing, the City Council adopted its Ordinance No. 749 on October 21, 2015, approving the 2015 Plan and making certain findings; ORDINANCE �� -2 a ��� 21900805 WHEREAS, the STC rejected the map and legal description for the 2015 Plan on the grounds and for the reasons that the properties to be included in the 2015 revenue allocation area were already included within the existing 1992 Plan revenue allocation area based on the map and legal description of record. As a result, the 2015 PIan was never made effective; WHEREAS, the Assessor confirmed that only two parcels included within the proposed 2015 Plan revenue allocation area were parcels specifically listed in the IGA, commonly referred to as the "Old CarMike" parcels; therefore, the Agency only currently receives increment revenue from the "Old CarMike" parcels; WHEREAS, based on extensive communications with representatives from the STC, Bannock County, the City, the Agency, and others, the parties agreed to resolve the issue by amending the 1992 Plan to deannex the entire geographic area of the proposed Pine Ridge Mall revenue allocation area from the existing 1992 Plan revenue allocation area including the Old CarMike parcels referenced above; WHEREAS, the plan amendment to deannex the necessary parcels and the proposed new plan for a new revenue allocation area are proceeding through the plan adoption process concurrently; WHEREAS, the Agency prepared the First Amendment to the 1992 Plan (the "First Amendment") to deannex certain parcels from the boundaries of the existing 1992 Plan revenue allocation area; WHEREAS, the Agency approved and adopted the First Amendment by Resolution No. 16-02, on July 29, 2016, finding it in the best interests of the Agency and the public to adopt the First Amendment, forwarding the First Amendment to the Mayor and City and recommending the First Amendment be adopted in accordance with the requirements of the Law and the Act; WHEREAS, the City Council after notice duly published, conducted a public hearing on August 3, 2016, on the First Amendment; WHEREAS, following said public hearing, the City Council adopted its Ordinance No. —14 on August 3, 2016, approving the First Amendment and making certain findings; WHEREAS, the geographic area described in the Deterioration Study continues to be a deteriorated or deteriorating area as defined by Chapters 20 and 29, Title 50, Idaho Code, as amended; WHEREAS, the Legislature of the state of Idaho has enacted the Act, authorizing urban renewal agencies, including the Agency, to adopt revenue allocation financing provisions as part of their urban renewal plans; WHEREAS, in order to implement the provisions of the Act and the Law, either the Agency may prepare a plan or any person, public or private, may submit such plan to the Agency; ORDINANCE -3 21906865 WHEREAS, the Agency and its consultants have undertaken the planning process; WHEREAS, the Agency and its consultants have prepared a proposed Pine Ridge Mall Urban Renewal Area and Improvement Plan (the "2016 Pine Ridge Mall Plan") and the urban renewal area referred to as the Project Area ("Project Area") for the areas designated as eligible for urban renewal planning; WHEREAS, the final boundaries of the Project Area differ slightly from the area deemed eligible in the Deterioration Study. Examples of boundary adjustments include, but are not limited to: extension of the Project Area to the right-of-way in the north, the addition of Breneman Road, and slight adjustments to the boundary along Yellowstone Avenue; WHEREAS, the Deterioration Study identifies parcel information for eight (8) parcels included within the boundaries of the study area, which is updated, in part, to reflect parcel subdivision and the addition of the Breneman Road parcel as follows: RCPRM000206 (Herberger's), RCPRM000208 (Mall), RCPR1000102 (Shopko), RCPRM000202 (Shopko), RCPRM000301 (Panda Express), RCCPCO29302 (Breneman Road), RCPRM000100 (Clinic & Vacant), RCCRM000100/3 (Theater), RCPR1000105 (Ring Road), RCSPR000500 (Shops), RCSPR000100 (Shops), RCSPR000200 (Shops) and RCSPR000300 (Shops); WHEREAS, to the extent necessary, the boundary adjustments and parcel identification updates are deemed to supplement the Deterioration Study, and the study area as supplemented meets the definition of deteriorated area and deteriorating area as set forth in Idaho Code §§ 50- 2018(8), (9) and 50-2903(8); WHEREAS, the adjustment to the boundary and updates concerning parcel identification have no impact on the original eligibility determination and findings made in the Deterioration Study as required by Idaho Code § 50-2008, which does not require an eligibility finding of each individual parcel; rather, a detennination that the overall area is determined to be a deteriorated area or a deteriorating area; WHEREAS, the Project Area is eligible and appropriate for an urban renewal plan; WHEREAS, such proposed 2016 Pine Ridge Mall Plan also contains the provisions of revenue allocation financing as allowed by the Act; WHEREAS, the Agency Board considered all comment and infonnation submitted to the Agency during several Board meetings and the Board meeting held on June 29, 2016; WHEREAS, on June 29, 2016, the Agency Board passed Resolution No. 16-01 proposing and recommending the approval of the 2016 Pine Ridge Mall Plan; WHEREAS, the Agency submitted the 2016 Pine Ridge Mall Plan to the Mayor and City; WHEREAS, the Mayor and City Clerk have taken the necessary action to process the 2016 Pine Ridge Mall Plan; ORDINANCE X59 - 4 21906865 WHEREAS, notice of the public hearing of the 2016 Pine Ridge Mall Plan was published in the Idaho State Journal on July 1 and 8, 2016, a copy of said notice being attached hereto as Exhibit 1; WHEREAS, as required by Idaho Code §§ 50-2905 and 50-2906, the 2016 Pine Ridge Mall Plan contains the following information with specificity which was made available to the general public and all taxing districts prior to the public hearing on August 3, 2016, the regular meeting of the City Council, at least thirty (30) days but no more than sixty (60) days prior to the date set for final reading of the ordinance: (1) a statement describing the total assessed valuation of the base assessment roll of the revenue allocation area and the total assessed valuation of all taxable property within the municipality; (2) the kind, number, and location of all proposed public works or improvements within the revenue allocation area; (3) an economic feasibility study; (4) a detailed list of estimated project costs; (5) a fiscal impact statement showing the impact of the revenue allocation area, both until and after the bonds, notes and/or other obligations are repaid, upon all taxing districts levying taxes upon property in the revenue allocation area; (6) a description of the methods of financing all estimated project costs and the time when related costs or monetary obligations are to be incurred; (7) a termination date for the plan and the revenue allocation area as provided for in section 50-2903(20), Idaho Code. In determining the termination date, the plan shall recognize that the agency shall receive allocation of revenues in the calendar year following the last year of the revenue allocation provision described in the urban renewal plan; and (8) a description of the disposition or retention of any assets of the agency upon the tennination date. Provided however, nothing herein shall prevent the agency from retaining assets or revenues generated from such assets as long as the agency shall have resources other than revenue allocation funds to operate and manage such assets; WHEREAS, appropriate notice of the 2016 Pine Ridge Mall Plan and the impact on the revenue allocation provision contained therein has been given to the taxing districts and to the public as required by Idaho Code §§ 50-2008 and 50-2906; WHEREAS, as of July 1, 2016, the 2016 Pine Ridge Mall Plan was submitted to the affected taxing entities, available to the public, and under consideration by the City Council; WHEREAS, at a meeting held July 12, 2016, the Chubbuck Land Use and Development Commission considered the 2016 Pine Ridge Mall Plan and found that the 2016 Pine Ridge Mall Plan is in all respects in conformity with the Comprehensive Plan. A copy of the Resolution of the Chubbuck Land Use and Development Commission Relating to the Pine Ridge Mall Urban Renewal Area and Improvement Plan for the Chubbuck Development Authority is attached hereto as Exhibit 2; WHEREAS, the City Council during its regular meeting on August 3, 2016, held the public hearing; WHEREAS, the 2016 Pine Ridge Mall Plan authorizes certain projects to be financed by revenue allocation bonds, or loans, and proceeds from revenue allocation; WHEREAS, it is necessary and in the best interest of the citizens of the City to adopt the ORDINANCE '75q - 5 21906865 2016 Pine Ridge Mall Plan, including revenue allocation financing provisions since revenue allocation will help finance urban renewal projects to be completed in accordance with the 2016 Pine Ridge Mall Plan, in order to: encourage private development in the urban renewal area; prevent and arrest decay of the City due to the inability of existing financing methods to provide needed public improvements; encourage taxing districts to cooperate in the allocation of future tax revenues arising in the urban renewal area in order to facilitate the long-term growth of their common tax base; encourage private investment within the City; and to further the public purposes of the Agency; WHEREAS, the City Council finds that the equalized assessed valuation of the taxable property in the Project Area is likely to increase, and continue to increase, as a result of initiation and continuation of urban renewal projects in accordance with the 2016 Pine Ridge Mall Plan; WHEREAS, under the Law and Act, any such plan should provide for (1) a feasible method for the location of families who will be displaced from the urban renewal area in decent, safe, and sanitary dwelling accommodations within their means and without undue hardship to such families; (2) the urban renewal plan should conform to the general plan of the municipality as a whole; (3) the urban renewal plan should give due consideration to the provision of adequate park and recreational areas and facilities that may be desirable for neighborhood improvement, with special consideration for the health, safety, and welfare of the children residing in the general vicinity of the site covered by the plan; and (4) the urban renewal plan should afford maximum opportunity, consistent with the sound needs of the municipality as a whole, for the rehabilitation or redevelopment of the urban renewal area by private enterprise; WHEREAS, the collective base assessment roll for the revenue allocation area under the 1992 Plan, as subsequently amended in 1998 pursuant to the terms of the IGA, and the 2016 Pine Ridge Mall Plan revenue allocation area, cannot exceed ten percent (10%) of the assessed value of the City; WHEREAS, the City Council at its regular meeting held on August 3, 2016, considered the 2016 Pine Ridge Mall Plan as proposed, and made certain comprehensive findings. NOW, THEREFORE, BE IT ORDAINED BY THE MAYOR AND COUNCIL OF THE CITY OF CHUBBUCK: SECTION 1: It is hereby found and detennined that: (a) The Project Area as defined in the 2016 Pine Ridge Mall Plan, the boundaries of which are slightly larger than the boundaries originally deemed eligible in the Deterioration Study, is a deteriorated or a deteriorating area as defined in the Law and the Act and qualifies as an eligible urban renewal area under the Law and Act. (b) The rehabilitation, conservation, and redevelopment of the urban renewal area pursuant to the 2016 Pine Ridge Mall Plan are necessary and in the interests of public health, safety, and welfare of the residents of the City. ORDINANCE —1,59 - 6 21906865 (c) There continues to be a need for the Agency to function in the City. (d) The 2016 Pine Ridge Mall Plan conforms to the Comprehensive Plan. (e) The 2016 Pine Ridge Mall Plan gives due consideration to the provision of adequate park and recreation areas and facilities that maybe desirable for neighborhood improvement (recognizing the commercial component of the 2016 Pine Ridge Mall Plan and the need for overall public improvements) and shows consideration for the health, safety, and welfare of any residents or businesses in the general vicinity of the urban renewal area covered by the 2016 Pine Ridge Mall Plan. (f) The 2016 Pine Ridge Mall Plan affords maximum opportunity consistent with the sound needs of the City as a whole for the rehabilitation and redevelopment of the urban renewal area by private enterprises. (g) Pursuant to Idaho Code §§ 50-2007(h) and 50-2008(d)(1), the 2016 Pine Ridge Mall Plan provides a feasible method for relocation obligations and there is not anticipated to be any activity by the Agency that would result in relocation. (h) The collective base assessment roll for the revenue allocation area under the 1992 Plan, considering the 1998 IGA and as amended by the First Amendment to the 1992 Plan, and the new 2016 Pine Ridge Mall Plan revenue allocation area does not exceed ten percent (10%) of the assessed value of the City. (i) The 2016 Pine Ridge Mall Plan includes the requirements set out in Idaho Code § 50-2905. (j) The 2016 Pine Ridge Mall Plan is sufficiently complete to indicate such land acquisition, demolition and removal of structures, redevelopment, improvements, and rehabilitation as may be proposed to be carried out in the urban renewal area, zoning and planning changes, if any, land uses, maximum densities, building requirements, and any method or methods of financing such plan, which methods may include revenue allocation financing provisions. (k) The urban renewal area, which includes the deteriorating area, as defined in Idaho Code section 50-2018(9), does not include any agricultural operation requiring written consent. (1) The portion of the Project Area which is identified for non-residential uses is necessary and appropriate to facilitate the proper growth and development standards in accordance with the objectives of the Comprehensive Plan to overcome economic disuse, the need for improved traffic patterns, and the need for the correlation of this area with other areas of the City. SECTION 2: The City Council finds that the 2016 Pine Ridge Mall Plan meets the sound needs of the City and will provide opportunities in an area that does not now contain such ORDINANCE 7 IV, -7 21906865 opportunities, and nonresidential uses are necessary and appropriate to facilitate the proper growth and development standards in accordance with the objectives of the Comprehensive Plan, as may be amended, to overcome economic disuse, the need for improved traffic patterns, and the need for the correlation of this area with other areas of the City. SECTION 3: The 2016 Pine Ridge Mall Plan, a copy of which is attached hereto and marked as Exhibit 3 and made a part hereof by attaclunent, be, and the same hereby is, approved. As directed by the City Council, the City Clerk and/or the Agency may make certain technical corrections or revisions in keeping with the information and testimony presented at the August 3, 2016, hearing, and incorporate changes or modifications, if any. SECTION 4: No direct or collateral action challenging the 2016 Pine Ridge Mall Plan shall be brought prior to the effective date of this Ordinance or after the elapse of thirty (30) days from and after the effective date of this Ordinance adopting the 2016 Pine Ridge Mall Plan. SECTION 5: Upon the effective date of this Ordinance, the City Clerk is authorized and directed to transmit to the County Auditor and Tax Assessor of Bannock County and to the appropriate officials of School District 25, Portneuf Free Library, Bannock County Road & Bridge, Bannock County Ambulance, Mosquito Abatement, and the State Tax Commission a copy of this Ordinance, a copy of the legal description of the boundary of the area and a map or plat indicating the boundaries of the revenue allocation area. SECTION 6: The City Council hereby finds and declares the equalized assessed valuation of the Revenue Allocation Area, as defined in the 2016 Pine Ridge Mall Plan, is likely to increase as a result of the initiation and completion of urban renewal projects pursuant to the 2016 Pine Ridge Mall Plan. SECTION 7: The City Council hereby approves and adopts the following statement policy relating to the appointment of City Council members as members of the Agency's Board of Commissioners: If any City Council members are appointed to the Board, they are not acting in an ex officio capacity but, rather, as private citizens who, although they are also members of the City Council, are exercising their independent judgment as private citizens when they sit on the Board. Except for the powers to appoint and terminate Board members and to adopt the 2016 Pine Ridge Mall Plan, the City Council recognizes that it has no power to control the powers or operations of the Agency. SECTION 8: So long as any Agency bonds, notes or other obligations are outstanding, the City Council will not exercise its power under Idaho Code § 50-2006 to designate itself as the Agency Board. SECTION 9: So long as any Agency bonds, notes or other obligations are outstanding, the City Council will not modify the 2016 Pine Ridge Mall Plan in a manner that would result in a reset of the base assessment value to current value in the year modification occurs as further set forth in the Act. SECTION 10: This Ordinance shall be in full force and effect immediately upon its passage, approval, and publication and shall be retroactive to January 1, 2016, to the extent ORDINANCE -8 21,906865 permitted by the Act. SECTION 11: The provisions of this Ordinance are severable, and if any provision of this Ordinance or the application of such provision to any person or circumstance is declared invalid for any reason, such declaration shall not affect the validity of remaining portions of this Ordinance. SECTION 12: At least one-half plus one of the City Council members finding good cause, the City Council hereby dispenses with the rule that this Ordinance be read on three different days, two readings of which shall be in full, and have hereby adopted this Ordinance, having considered it at one reading. SECTION 13: The Summary of this Ordinance, a copy of which is attached hereto as Exhibit 4, is hereby approved. SECTION 14: All ordinances, resolutions, orders, or parts thereof in conflict herewith are hereby repealed, rescinded, and annulled. SECTION 15: SAVINGS CLAUSE: This ordinance does not affect an action or proceeding commenced or right accrued before this ordinance takes effect. t' PASSED by the City Council of the city of Chubbuck, Idaho, on this � F day of August 2016. APPROVED by the Mayor of the city of Chubbuck, Idaho, on this 5 i"d day of August 2016. Kevin B. England ayor ATTEST: Richard Morgan, City C erk First Reading: lq " .0 1- 3, Adopted after first reading by suspension of the Rule as allowed pursuant to Idaho Code 50-902. Yes ✓ No Second Reading Al=l Third Reading: NA- ORDINANCE AORDINANCE -9 I C`11 STATE OF IDAHO ) . ss: County of Bannock ) 21906865 On this `� day of August, 2016, before me, the undersigned, a Notary Public in and for said State, personally appeared KEVIN ENGLAND and RICHARD MORGAN, known to me to be the Mayor and City Clerk, respectively of the City of Chubbuck, Idaho, and who executed the within instrument, and acknowledged to me that the City of Chubbuck executed the same. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year first above written. �����t�►u irrtr��i�ir, (SEAi4 v t? 000 `STA TE ORDINANCE -10 Notary Public for Idaho Residing at: C`1w,b "4L ld OL My Commission Expires: 5-- 'Z-0 -�P Exhibit 1 NOTICE PUBLISHED IN THE IDAHO STATE JOURNAL 21906865 21�06��5 PROOF OF PUBLICATION STATE OF IDAHO County of Bannock LN 23527 KAREN MASON being first duly sworn on oath deposes and says: that SHE was at all times herein mention a citizen of the United States of America more than 21 years of age, and the Principal Clerk of the Idaho State Journal, a daily newspaper, printed and published at Pocatello, Bannock County Idaho and having a general circulation therein. That the document or notice; a true copy of which is attached, was published in the said IDAHO STATE JOURNAL, on the following dates, to- wit: —July_01_2016 July 2016 Jilly-08_201 ti July 2016 _July 2016_July 2016 _July 2016_July 2016 That said paper has been continuously and uninterruptedly published in said County for a period of seventy-eight weeks prior to the publication of said notice of advertisentent and is a newspaper within the meaning of (lie laws of Idaho. STATE OF IDAHO .M� COUNTY OF BANNOCK On this 08th. of July in the year of 2016, before me, a Notary Public, personally appeared KAREN MASON Known or identified to me to be the person whose name subscribed to the within instrument, and being by me first duly sworn declared that the statements therein are true, and acknowledge to me that he executed the same. M ry ofIx �ubl�� C Residing at Arinio exp. 3/312021 -9V219068S5 UFU UUMILIO ltW Gt1T • T=12"n, IWilw, IV yyacl:,[n IF1 tiS tjogg Llp.L . 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NOW, THEREFORE, BE IT RESOLVED BY THE LAND USE AND DEVELOPMENT COMMISSION OF THE CITY OF CHUBBUCK, IDAHO: Section 1, That the Plan, submitted by the Chubbuck Development Authority and referred to this Commission by the City Council for review, is in all respects in conformity with the Comprehensive Plan. Section 2. That the Chairman of the Land Use and Development Commission by and hereby is authorized and directed to provide the Chubbuck City Council with a certified copy of this Resolution relating to said Plan. Section 3. That this Resolution shall be in full force and effect immediately upon its adoption and approval. PASSED by the Land Use wid Development Commission of the City of Chubbuck, Idaho, this 12«' day of July 2016, 16 Vice -Chairman, band Use and Development Commission 48213•3024.4404. v. I Exhibit 3 21906865 PINE RIDGE MALL URBAN RENEWAL AREA AND IMPROVEMENT PLAN 21906865 The City of Chubbuck PINE MIDGE MALL Urban Renewal Area and Improvement Plan (Ordinance No, .T ._, Adopted: August 3, 2016, Effective: August _, 2016 9397694 1 2i9oG865 CITY UC CHUBBUCK Urban Renewal Area Improvement Plan ACKNOWLEDGEMENTS Chubbuck City Council Mayor Kevin England Annette Baumeister Joshua Ellis Melanie Evans Ryan Lewis Chubbuck Development Authority Chairman Thomas Nield Vice -Chairman Daniel Heiner Annette Baumeister- Rick aumeisterRick Keller Steven Hadley Deloy Stuart Mecinna Price ® urban Renewal Area Irnprovemi2nt Plan I The City of Chubbuck 53197694A 219®6865 Table of Contents Page I. Introduction 1 Background 1 Purpose of the Plan 3 II. Urban Renewal Area Description and Deteriorated or Deteriorating Conditions Analysis 4 III. Project Plan 4 Project Description 4 Public Development S Ten Percent Limitation 6 Relocation of Persons (Including Individuals and Families), Business Concerns, And Others Displaced by the Project f IV. Economic Feasibility Study 7 V. Conformance with State Law 9 VI, Plan Duration 9 VII. Amendment Procedures 9 VIII. Disposition of Property 9 IX, Severability 9 X. Conclusion 14 ATTACHMENTS Attachment 1: Resolution of the City Council Designating the Urban Renewal Area Attachment Z: Revenue Allocation Area Map Attachment 3: Revenue Allocation Area Legal Description Attachment 4: Recommendation of Chubbuck Land Use and Development Commission Attachment 5: Projected Construction Costs Attachment 5: Current Assessed Valuation and Mill Rate and Projected Assessed Value Increase Attachment 7: Twenty Year Revenue Projection Attachment & Estimated Twenty Year Revenue to Affected Taxing Districts Attachment 9: Site Map Showing Location of All Proposed Public Works Projects Attachment 14: Notice of Public Hearing Attachment 11: City Council Ordinance No. Approving the Urban Renewal Plan ® Urban Renewal Area improvement Plan I The City of Chubbuck 53397{94,1 INTRODUCTION 21966865 The urban renewal agency for the city of Chubbuck d/b/a Chubbuck Development Authority ("CDA") was created by the city of Chubbuck ("City") on April 11, 1992, pursuant to Resolution 04-92, and consistent with the Idaho Urban Renewal Law of 1955, Chapter 20, Title 50, Idaho Code, as amended (the "Law"), and was granted authority by the City to undertake urban renewal projects which may be facilitated through the use of tax increment financing (revenue allocation) pursuant to the Local Economic Development Act, Chapter 29, Title 50, Idaho Code, as amended (the "Act"). The CDA helps to ensure that appropriate development takes place in areas of greatest need. Planning is essential to ensure that development efforts create both an environment of convenience and safety for neighborhood residents, and increase opportunities for businesses to succeed. This Urban Renewal Plan ("Pian") for the Pine Ridge Mail Project Area ("Project Area") (revenue allocation area and Project Area are used interchangeably throughout this Plan), once implemented, will be the vehicle to provide a more conducive atmosphere for lousiness operation in the City, and will enhance opportunities for businesses wishing to relocate to the City. The Plan identifies specific projects and describes the process for enhancing the Project Area in the City through efforts of the CDA and the City. Background The Chubbuck City Council ("City Council"), by Resolution 02-2015, dated June 17, 2015, declared the Project Area to be deteriorated or deteriorating area pursuant to the Law and the Act, and recommended that the CDA pursue creating a plan and a Revenue Allocation Area for the purpose of remediating the existing deterioration and to prevent further deterioration (Attachment 1). On July 28, 2015, the CDA reviewed the 2015 Plan and recommended its adoption bythe City Council. After notice and a public hearing, on October 21, 2015, the City Council held a public hearing on consideration and adoption of the 2015 Pian, and adopted the 2015 Plan by Ordinance No. 749. Following adoption of the 2015 Plan, the City submitted the necessary documentation to the State Tax Commission ("STC") as required by the Act and Idaho Code § 63-215. The STC rejected the proposed revenue allocation area as the parcels included within the revenue allocation area were included within the boundaries of an existing revenue allocation area established in 1992 by City Council Ordinance No. 385 on October 27, 1992. As a result, the 2015 Plan, and the corresponding revenue allocation area, never became effective. Following extensive discussions with representatives from the STC, Bannock County, the City, CDA and others, it was determined that the parcels to be included within the boundaries of Project Area were to be deannexed from the existing revenue allocation area. The procedural compliance with statutory requirements has no impact on the existing eligibility findings set forth in City Council Resolution 02-2015, dated June 17, 2015, which findings continue to support the creation of this Plan. ® urban Renewal Area improvement Plan I The My of Chubbuck 53-'19769-1.1 21906865 This Project Area generally includes the Pine Ridge MalI Subdivision, the Pine Ridge Mall Pirst Addition and the Shops at Pine Ridge Subdivision, The Project Area is generally bounded by Yellowstone Avenue on the east, Quinn Road on the south, continuing along the drainage ditch on the west and Interstate 86 on the north. The boundaries of the Project Area are defined in Attachments 2 and 3, the Revenue Allocation Area Map and Legal Description, respectively. In general, the Project Area is underdeveloped, underutilized and includes a failing shopping mall area. The Project Area is not being used to its highest and best use due to deteriorating structures, the age and obsolescence of infrastructure, the predominance of defective or inadequate street layouts, the need for modern traffic requirements, and insanitary and unsafe conditions. The foregoing conditions have arrested or impaired growth in the Project Area. Little Investment has been made within the Project Area and infrastructure updates are required to generate future development. The Plan will primarily include improvements to public infrastructure, creating the framework for the development of commercial property and enhancement of public areas, To the extent necessary, this Plan gives due consideration to the provision of adequate park and recreational areas and facilities that may be desirable for neighborhood improvement, with special consideration for the health, safety and welfare of children residing in the general vicinity of the Project Area. The preparation and approval of this Plan, including a revenue allocation financing provision, gives the CDA and the City additional resources to solve the public infrastructure problems in this Project Area. Revenue allocation financing should help to improve the situation. In effect, property taxes generated by new developments within the Project Area may be used by the CDA to finance a variety of needed public improvements and facilities. The new developments may also generate new jobs In the community that would benefit the Project Area, the City and the County. The recommendation of the CDA, as outlined, is consistent with the goals of the City and is allowed by the Law and the Act. Accordingly, this Pian directs use of revenue aHocation financing to accomplish the. following: The elimination of environmental deficiencies in the Project Area, including, among others, deteriorated and inadequate public improvements including certain streets and improvements; improvements to roadways, parking and traffic signals; sidewalk, curb and gutter improvements; improvements to public utilities including water and sewer improvements and fire protection systems; streetlights; other public improvements (including public buildings and facilities); removal, burying, or relocation of overhead utilities; extension of electrical distribution lines and transformers; improvement of irrigation and drainage ditches and laterals; improvement of storm drainage facilities; and environmental remediation of brownfield sites; • To facilitate proper growth and development In accordance with sound planning principles and local objectives by encouraging private development that eliminates deterioration and economic disuse of property + To eliminate underutilized areas which are causing economic under -development in the designated area, and/or substantially impairing the sound growth of City in general * To encourage both private and public development in the Project Area In order to diversify and improve the local economy by providing adequate public facilities • To accomplish plan goals in accordance with all appropriate federal, state, and local laws in accordance with the Law, the Plan was submitted to the City's Land Use and Development Commission. After consideration of the Plan at their meeting on July 12, 2016, the Commission made the following recommendation (Attachment d): The proposed redevelopment of the Project Area as Urban Renewal Area Improvement Plan I The City of Chubbuck 53x{17 04.1 21905865 described in this Plan conforms to the Chubhuck Comprehensive Plan, as amended, and adopted by the City Council. Purpose of the Plan The purpose of this Plan is to create a proactive approach to development/redevelopment projects by the CDA by focusing efforts in four areas: 1. Leveling or reducing the City's levy rate by increasing the tax Lase through more aggressive engagement in redeveloping underutilized areas,- 2, reas;2. Partnering with the private sector to enhance development and to attract new cr expanded businesses to improve the City's economy; 3. Targeting areas in need of site improvements; 4. Utilizing more effectively the powers granted to the CDA in the pursuit of redevelopment activities. Such powers include: a. Carrying out urban renewal projects; b. Making and executing contracts and other Instruments; c_ Disseminating slum clearance and urban renewal information; d. Demolition and removal of buiiding improvements; e. Acquisition of a deteriorated area or a deteriorating area or portion thereof; f. Disposition of any property acquired in the Urban Renewal Area, including sale, initial leasing or retention by the agency itself, at its fair value for uses In accordance with the Urban Renewal Plan; g. Repairing streets, roads, public utilities, storm sewer facilities, or other facilities; h. installing streets and street improvements, street landscaping, utilities, parks, trails, playgrounds, off-street parking facilities, public facilities, railroad crossings, railroad bridges, railroad underpasses, or other facilities; I. Entering buildings or property to make inspections, surveys, appraisals, soundings or test borings; j. Acquiring by purchase, lease, option, gift, grant, bequest, devise, eminent domain or otherwise, any real property or personal for its administration purposes; k. Holding, improving, renovating, rehabilitating, clearing or preparing for redevelopment any such property or buildings; I. Mortgaging, pledging, hypothecating or otherwise encumbering or disposing of any real property; m. Insuring or providing for the CDA of any real or personal property or operations of the municipality; n. Demolishing and removing structures on property; o. Investing urban renewal funds; p. Borrowing money and applying for and accepting advances, loans, grants, contributions, and any other form of financial assistance; q. Creating, modifying and executing plans which may include repair and rehabilitation of buildings and improvements; r, Conducting appraisals, title searches, survey, studies, and other plans and work necessary to prepare for the undertaking of urban renewal projects; s. Accepting and utilizing grants of funds from the federal governments. By adopting this Plan, it is the intention of the CDA to facilitate improvements in the designated Project Area and enhance the economic viability of the area. ® urban Renewal Area ImProvement Plan I The City of Chubbuck 53397694 1 �r1 21906865 II. URBAN RENEWAL AREA DESCRIPTION AND DETERIORATED OR DETERIORATING CONDITIONS ANALYSIS The boundaries of the urban renewal area and the revenue allocation area are concurrent. The map is located at Attachment 2 and the area is legally described in Attachment 3. The Law and the Act identify a number of conditions that qualify an area for urban renewal status. In addition to the narrative set Forth above, the following presents an analysis and reason why the area should be included as part of a revenue allocation Project Area: The properties associated with the Project Area are in need of improvements to facilitate building and infrastructure enhancements and these needs have contributed to underutilization of the site for businesses and industry. This Project Area includes several site issues that impede redevelopment including; Under -development of land which has detracted from the economic viability of the area + Deterioration of existing structures • Infrastructure limiting development of this site • Any combination of the above factors which has reduced the feasibility of full development of this area Without addressing these conditions, the feasibility of additional development in the Project Area in the near future would be limited. Additionally, the range of issues and the costs associated with redevelopment contributes to the ongoing underutilization of this area and prompts the additional need to establish the Project Area. Ill. PROJECT PLAN The eligible project costs associated with the project list outlined in this Plan may be funded (all or in part) by tax increment financing funds, as they become available, as a result of new construction or renovation. The CDA hereby adopts revenue allocation financing provisions as authorized by the Act, effective retroactively to January 1, 2016. These revenue allocation provisions shall apply to all taxing districts which are located in or overlap the revenue allocation area described on Attachments 2 and 3 to this Plan. The CDA specifically finds that the equalized assessed valuation of property within the revenue allocation area is likely to increase as a result of the initiation of the Project. A list of the projected construction costs eligible for reimbursement is located at Attachment 5, and is estimated to total $11,732,144. Elements of the list will be funded on a "reimbursement -as-you-go" for eligible costs based an 100% of the revenue allocated to CDA from the Project Area, through 2037, or until an amount not exceeding $11,732,144 has been reimbursed, whichever is earlier. The developer estimates an injection of $64,019,254 in private funds for renovation and upgrades in the Project Area. The detailed cost estimates for the project are located at Attachment 5. Project Description 1, CDA Reimbursement to Developer for Eligible Infrastructure, Access, and Site Work -any necessary and eligible casts related to infrastructure enhancement, construction of facilities, upgrades of utilities, site preparation work, road enhancement, and other associated work to facilitate development in an amount not -to -exceed $11,732.144; Urban Renetiw.l Area Improvement Plan I The City of Chubbuck 53397694 1 21go686t 2_ Private Development —property owner/developer agrees to renovate interior and exterior of the mall complex and add exterior landscaping consistent with values and estimates as outlined in Attachment 5. a. Typical coats for all improvements on private property shall be borne by the owner or developer indicated as "private development investment," with exception as shown in Attachment 5, including; i. CDA Investment is indicated as; 1. Renovation of parking lot sighting; 2. Parking lot rehab; 3. Demolition of deteriorated theater and diner. Public Development The CDA will provide cost reimbursement to the developer for eligible project costs dependent upon the actual tax increment realized on Bannock County's assessed valuation of the project property. The information contained in Attachments 6, 7 and S assumes certain completed and projected actions. Under the provisions of the Act, the revenue allocation shall continue until the debt or other obligations or other project activity is completed or satisfied subject to the statutory duration of this Plan. All debt is projected to be repaid no later than the duration period of the Plan. The total amount of the reimbursement and the amount of revenue generated by revenue allocation are dependent upon the extent and timing of private development, Should all of the development take place as projected, the project indebtedness could be extinguished earlier, dependent upon other legal obligations, Should private development take longer to materialize or should the private development be substantially less than projected, then the amount of revenue generated will be substantially reduced and debt may continue for its full term. The Plan and attachments incorporate estimates and projections based on the CfDA's present knowledge and expectations. The Plan proposes certain public improvements, including utility and street improvements, which will facilitate development in the revenue allocation area. The assumptions set forth in Attachments 6, 7, and 8 are based upon the best information available to the CDA through public sources or discussions with property owners, developers, and others. The information has been analyzed by the COA and its consultants in order to provide an analysis that meets the requirements set forth under the Law and Act. As set forth herein, the CDA reserves the right to fund the Project on a "pay as you go" basis. The assumptions concerning revenue allocation proceeds are based upon certain assessed value increases and assumed tax levy rates_ The CDA is not entitled to revenue from certain levies as set forth in Idaho Code § 50-2908. The information set forth in Attachments 6, 7, and 8 have taken that limitation into account in its financial analysis. House Bill 315 adopted by the 62"d Idaho Legislature amended Idaho Code § 63-602KK, and provides for personal property tax exemption to businesses. Application of the exemption may have the effect of reducing the increment value and the base value. The CDA, for this Project Area, will not receive any backfill funds from the State to replace revenue lost by the imposition of the personal property tax exemption. ® Urban Renewal Area trnprovement Flan I The City of Chubbuck 53397694.1 21906865 The amount of funds available to the CDA from revenue allocation financing is directly related to the assessed value of new improvements within the revenue allocation area. Under the Act, the CDA is allowed the revenue allocation generated from inflationary increases and new development value. increases have been assumed based upon the projected value of new development as that development occurs along with possible land reassessment based on a construction start. Attachments 6, 7 and 8, with the various estimates and projections, constitutes an economic feasibility study. Costs and revenues are analyzed, and the analysis shows the need for public capital funds during the project. This Study identifies with specificity the kind, number, and location of all proposed public works or improvements, a detailed list of estimated project costs, a description of the methods of financing all estimated project costs, and the time when costs or monetary obligations are to be incurred. See Idaho Code § 50-2905, Based nn these funding sources, the conclusion is that the project is feasible. The information contained in the Study assumes certain projected actions. Under the provisions of the Act, the revenue allocation may continue until the end of the Plan term. The total amount of indebtedness and the amount of revenue generated by revenue allocation is dependent upon the extent and timing of private development. Should the development take place as projected, indebtedness would be extinguished earlier, dependent upon the note documents and legal obligations therein. Should private development take longer to materialize or should the private development be substantially less than projected, then the amount of revenue generated will be substantially reduced and legal obligations may continue for their full terra. Attachment S list those public improvements the CDA intends to reimburse through the term of the Plan. The costs of improvements are estimates only. Final costs will be determined by an agreement between the developer/owner and CRA. The listing of public improvements does not commit the CDA to any particular improvement, any particular cost, or any particular order of construction. 'Fen Percent Limitation The 2015 Net Market Value of the City is $704,628,526. The revenue allocation areas may take up to 10% of the total valuation of the City. Ten percent is equal to $70,462,852 maximum. Consistent with the 1998 agreement between the CDA, the City and Bannock County a base value for the existing revenue allocation area established In 1992 is $15,191, 851. The 2016 Pine Ridge Mail Urban Renewal base value is $21,036,154. These two combined equal $36,228,005, which is less than the base 10% limitation value of $70,462,852. Relocation of Persons (including Individuals and Families), Business Concerns, and Others Displaced by the Project T The CDA's activities In the Project Area should not result in relocation activities. in the event the CDA's activities result in displacement, the CDA , to the extent allowed by law and consistent with Idaho Code §§ 50-2007(h) and 50-2008(d)(1), shall compensate such residents by providing reasonable moving expenses into decent, safe, and sanitary dwelling accommodations within their means and without undue hardship to such families. The CDA will not participate In any private redevelopment activity which will result in displacement of families unless a method exists for the relocation of displaced families in decent, safe, and sanitary dwelling accommodations within their means and without undue ® 513076`141 Urban Renealal area Improvement Plan I The City of Chubbuck (`y U 2.906865 Vhardship to such families. For any other activity, the CDA will comply with the provisions of the Law regarding relocation. For displacement of families, the CDA shall comply with, at a minimum, the standards set forth in the Law. The CDA shall also comply with all applicable state laws concerning relocation benefits. If such a program is considered, it shall be adopted by resolution of the CDA Board. IV. ECONOMIC FEASIBILITY STUDY The 2015 tax levies for each of the seven affected taxing districts overlapping the revenue allocation area are as follows: Taxing Jurisdictions Tax Levy Levy Subject to TIF Bannock County 0.00528202 .005263818 City of Chubbuck 0.009933799 .009933799 School District 25 0.004422426 .000000000 Portneuf Free Library 0.000579006 .000579006 Bannock County Road & Bridge 0.000850532 .000850532 Bannock County Ambulance 0.000398922 .000398922 Mosquito Abatement 0.000035503 .000035503 Total 0.021502208 .017061580 Attachment 6 provides projections of base -assessed valuations for the proposed revenue allocation area. An analysis of the tax levy rates applied in Attachment 7 outlines the net increase in tax revenue potential from the estimated assessed values post construction. Attachment 7 provides an analysis of the estimated revenue to the CTIA directly attributable to the anticipated development that would not occur but for the establishment of the revenue allocation area. It is assumed the levy rates will remain constant throughout the duration of the Plan. The base assessed value for the Project Area is based upon the current County Assessor's valuation of the property as of June 2015. The net revenue to he collected and distributed to the CDA is consistent with Idaho Code § 50-2908, recognizing the CDA does not receive revenue from all levies. The revenue that could be received by the CDA over the duration of the Plan is estimated at approximately $8,664.,764. This amount will be used to finance public improvement projects within ar adjacent to the revenue allocation area, as allowed by the Law and the Act. Attachment 8 sets forth the impact of the revenue allocation area upon each affected taxing district. Each taxing district will continue to receive an allocation of property tax revenues on the base assessment roll values. This Attachment does not consider future voter approved levies or bonds that would flow directly to the taxing district based on Idaho Code § 50-2908, A specific delineation of tax dollars generated by revenue allocation upon each taxing district has not been prepared. The overall impact of the revenue allocation project is shown in Attachment 7. Pursuant to Idaho Code; Section 63-802, taxing entities are constrained in establishing levy rates by a function of the amount each budget of each taxing district can increase on an annual basis. The amounts set forth in Attachment 7 would constitute the amounts distributed to other taxing entities Urban Renewal Area Improvement Plan I The Gly of chubbuck 53397690 21906865 from the Revenue Allocation Area if there were no urban renewal project. Each individual district's share of that amount would be determined by its particular levy rate as compared to the other districts in any given year, Therefore, the impact of revenue allocation is more a product of the imposition of Section 63-802 than the creation of the Project Area. The assessed value for each property in a revenue allocation area consists of a base value and an increment value. The base value is the assessed value as of January 1 of the year in which a revenue allocation area 15 approved by a municipality, with periodic adjustments allowed by Idaho law. The increment value is the difference between the base assessed value and current assessed value in any given year while the property is in a revenue allocation area. Under Section 63.802, Idaho Code, taxing entities are constrained in establishing levy rates by the amount each budget of each taxing district can increase on an annual basis. Taxing entities submit proposed budgets to the County Board of Commissioners, which budgets are required to comply with the limitations set forth in Section 63-802, Idaho Code. The County Board of Commissioners calculates the levy rate required to produce the proposed budget amount for each taxing entity using the assessed values which are subject to each taxing entity's levy rate. Assessed values in urban renewal districts which are subject to revenue allocation (incremental values) are not included in this calculation. The combined levy rate for the taxing entities is applied to the incremental property values in a revenue allocation area to determine the amount of property tax revenue which is allocated to an urban renewal agency. The property taxes generated by the property values In the urban renewal districts that are not subject to revenue allocation and by properties outside revenue allocation areas are distributed to the other taxing entities. Properties in revenue allocation areas are subject to the same levy rate as they would be outside a revenue allocation area. The difference is how the revenue is distributed. In addition, without the Revenue Allocation Area and its ability to pay for public improvements and public facilities, fewer substantial improvements within the Revenue Allocation Area would be expected in the next five to ten years; hence, there would be lower increases In assessed valuation to be used by the other taxing entities. If the overall levy rate is less than as assumed, the CDA shall receive fewer funds from revenue allocation. One result of Section 63-802, Idaho Code and Section 63-301A, Idaho Code is the likely reduction of the levy rate as assessed values increase for property within each taxing entity's jurisdiction. If the overall levy rate is less than as assumed, the CDA shall receive fewer funds from revenue allocation. Section 63- 301A, Idaho Code, prohibits taxing entities from including, as part of the new construction roll, the Increased value related to new construction within a revenue allocation area until the revenue allocation authority is terminated, Any new construction within the Project Area is not available for inclusion by the taxing entities to increase their budgets. Less tax revenue will be available to those taxing entities. Upon termination of this Plan, the taxing entities will be able to include the accumulated new construction roll value in setting the following year's budget and revenue from such value is not limited to the three percent increase allowed in Section 63-802(1)(a). Generally, the impact on the taxing entities would be to determine the CDA's projected revenue, set. forth in Attachment 7, and disburse those funds in the same ratio as the respective levy rates in the Revenue Allocation Area of each taxing district, Attachments 6, 7 and 8 have made certain assumptions concerning the levy rate. The levy rate is estimated to remain constant for the duration of the Plan, The annual increment value is expected to MUrban Renewal Area lrnprovernent Plan I The City of CFubbuck 5339769-1 1 2 9os8s5 increase by approximately 1% a year. If the overall levy rate is less than projected, the CDA shall receive fewer funds from revenue allocation. As noted above, the levy rate is net of any voter approved levies. V. CONFORMANCE WITH STATE LAW Redevelopment activities for the revenue allocation area are governed by the Law and the Act. The Plan proposed within this document follows the guidelines prescribed by Lava and the Act for the development of an urban renewal and revenue allocation area. VI. PLAN DURATION This Plan shall be effective, and the: provisions of other documents formulated pursuant to this Plan, shall be effective for twenty (20) years from the effective date of the Plan subject to modifications and/or extensions set forth in Idaho Code § 50-2904. The revenue allocation authority will expire on December 31, 2036, except for any revenue allocation proceeds received in calendar year 2037, as contemplated by Idaho Code § 50-2905(7). This Plan shall terminate no later than December 31, 2036, except for revenues which may be received In 2037. Idaho Code § 50-2093(5) provides the CDA shall adopt a resolution of intent to terminate the revenue allocation area by September 1. In order to provide sufficient notice of termination to the affected taxing districts to allow them to benefit from the increased budget capacity, the CDA will use its best efforts to provide notice of its intent to terminate this Plan and its revenue allocation authority by May 1, 2037, or if the CDA determines an earlier terminate date, then by May 1 of the early termination year: VII. AMENDMENT PROCEDURES This Plan may only be amended or modified pursuant to Idaho Code §§ 50-2008 and 50-2906, subject to consent of the developer identified in any reimbursement agreement or any other lender accepting a pledge of revenue allocation funds to secure an outstanding obligation. The City and CDA acknowledge that this Plan is subject to ldaho Code § 50-2903A, and a modification to this Plan by City Ordinance may result in a reset of the base assessment roll values of the parcels within the Project Area to the current year's equalized assessed values resulting in an immediate loss of revenue risking default on any outstanding CDA obligations. VIII. DISPOSITION OF PROPERTY Upon termination of the revenue allocation authority of the Platt, to the extent the CDA owns or possesses any assets, the CDA shall dispose of any remaining assets by granting or conveying or dedicating such assets to the applicable local entity, or may retain assets or revenues generated from such assets as allowed by Idaho Code § 50-2905(8). Ix. SEVERABILITY If any part of the Plan is declared contrary to Idaho Code, and any provision or application of such provision to any person or circumstance is declared invalid for any reason, such declaration shall not affect the valldity of any remaining provisions of the Plan. MUrban Renewal Area improuem-,nt Plan I The CiLvof Chubbuck 43391604A l 21906865 X. CONCLU51ON The Plan is designed to ameliorate deteriorating conditions which are causing economic under- development of the area and substantially impairing the sound and continued growth of the City. The Plan calls for new public infrastructure, site construction, right-of-way improvements and new building construction. Implementation of the Plan will provide the capacity necessary to faster sound growth of the municipality, increase the tax base and tax revenues, encourage economic stab! Iityof the community, increase job creation, and improve the health, safety, and welfare of the community. The CDA recommends that the City approve and cooperate in carrying out the purposes of this Plan. 4827.5556.3955, v. 2 MUrban Renewal Area Improvement Plan I The City of Chubbuck !6397694,1 068g5 Attachment 1 Resolution of the City Council Designating the Urban Renewal Area CITY OF CflU53UC1(, IDAHO RESOLUTION NO, •2015 A RESOLUTION OF THE =Y OF EHUDBUCK, A MUNICIPAL CORFORATIOI1 OF THE SPATE OF IDAHO„ MAKING FI'NDNOS THAT DBTBI1 GRATED ANDID. R DETEIUMATING AREAS EXIST WITHIN- THE CITY, DESCR-MING THE BO MJARIES QF THE 1jE_TEFU0O ATLD A'ND!OR DETiiR?C?]�7 iNCi AREAS, DELLA, I A Nl?ED FOR AN U AV ONWM PLAN AND A It9VlsNuA�LOCAvON AR A, I'M SUM AR3;A9, AND DECL,A'RING AN BFFBCTIVE DATE, Tht City of Chubbuck ("City") is an -Idaho tn[uilbipal eo porictiorl with th'e Rt hOkity to dpclarp-all w a portion of it city limits as a datcrioratail or da notating 00 pursuant to the Idaho Urban renewal Lave o!'1965 (codified as Chaptor 2% Titl; 50, Who C046); The City of on. April 11, 1992, pwstiant to Resolution 4,92, rn2ated an Vebarf rertelval agoncy puriptant to Title 50, Chopwr 20, Idaho Code, whloh Is rho Mubhuck Urban Renewal Agency (Agcdtioy'), Up Chuv6uok City. Cduncl 1, atfter..revie4eirig P. Doterioratio; Study dated A )6124r2DIS of the pin- Ridgal%tll,114s dolorrniacd tiro; tlt= aro additlonal urc.as.of claterfotetcd atid!trr detericraCirtg arcr�s within the City nrdzuch areas should -lie so deolared by the Q!ty In ardor for hlle Agetity t;� ptepat'e an aban,ronowtrl plan for sued areas, The,CWbuo'k City Go4>Itail. d.airs ,be Age=y to prepara Ouch Wpm Terewal plawtd rem ediato such existing deterloration end prevent futura d%or loratlarr; in odor to protect the - public ltdaltlt, safaty, atofxis andwelfare of tho resldonts ot: thetnurricipaiity. NOW TRRUVQT�E 9a' IT R58OLVED BY 'lli$ CITY COL NCiLOF THE CITY OF CHU313UCK AS FOLLOWS: Section 1, There is aft area within the cloy limits of-Cie.Ctty d Chulfbuck't11a Is datoriorated Dad/or deteiiorating:as defitiedl in lUio Cc -do §50.2015 (0),-znd (9), ps t ercin described without limitation; A. Ail area iii thW is a predanrittanea of buildiro or ipptoueipeals, whether reslden;ial or noa residar_dni, which byr,-asua of dilagidafi4tr or detari4rattdn, Age or ebsolcsczwe; inaderlt+ate €rrovkion for ventilation,, liglrt, ear, sanifsilon, pr open SpacCs, And the existence of conditions which endaupt life or prapeayby lire or ether pauses ora dattjnlental to the Ptah& heslth,:�ae{ ty E01d cvelfa,10, B. An arca which by the roasan of tlrepresenca of a substantlill purubar of deteriorated or delcrioraYing structures, 1}NIltrM1hR11CU bfdOf�eVJVe of lra.dequate FLE90LUTION • Pip] et Lbhjdefl0r5.RiuiUG9i(pina Rada m61i).xpd 21906865 street layout, f,ulty lot l:Lygut Ir. reiatlon to si?e;axegltaesy, accesslbi�ity o: usefulaoss, �nsalsitary or utEgafe conditions, dgtei�orat{ori of site tsr othar improvemcr % diversity o: bmirt lilp, defootive or unusual con'dit'ions of titlo mid tYte exisxenCt: bf tQrfdirianp Uf1licli eridaogcr iii'>r D+t prap>;.rty >;y Iita'or bthcr r;auses resulm lts. epondQ1(t a'ndo'rdevalo�rulen}ai'the arae!, 5nbstewi�tily rnpirs orartests tll:. so>,nrd.gmsmth of the City, aonstimles an coonomlo or social It's l Wi y and is o menace to th3 public, hci lth, safety; morals or walfare is i,s-present condition and SW6. C, Anarea svatiai>:.byrcasan•ofthepresanaoofsubsteadal ut>yberafd�tarilyr�tfd.or d6ter1ni1+jnA,9tl'u8tvres, przkoinanec of dafective or Utndarlt>iato strost layout, fwlty lotlRymit in oratidu to size adequacy, Itecessibilityor awlilh s, uttsatlitary or umofe,condirion5, dotorfors♦tlgn of..sitc or oth:r inprovtmcnt�, diversity of.otvnvpsltip, defective or unusual contlitlops of`title and the existence of corididens which endanger lifa.or pc•operlyby Awor adw—causes TOWN in ccQnerd10 tlt7daddvelopmctzt ortlio,g,eq, subs taixtiallyllitpeil's or'errosts ioa sound grUld), of the•C-1V, Mutitutes;an egoho4o or o ial Ili ilit j and is a tnunaco to the publiq, halt#, safety, morals orwelfare in Its prr sgnt.eanditIRtr and:stata, Section 2. The aria oi'detQrioralian of datarir}ratingtiontlttiona are located vyltllin the-. f!)Ilowing dcsortoed pht(ted dr to be platlet! SO- vislom Pine Ridge MI -111 Silbdivision P. Ao Rl p Mall First.Addicion Shops at Plan Ridge SubdIVISIOR (Shaft Plat tacoaly approvgd) Sectlon 3, 11 is neoassary foc the Agenoy to draft an urban-renawal place or plans in order to rame& to the and to pr>3vent Alt -art deterioration end't,ie Aget:cy is kgrdb'y dkr'�ated.t'o do SD. Saution 4, `that iheAgenay Is abn-Ueruby dircotcd to Mato a r:venua allocation finon-ding ltrovision, as part a Ilia urbad teneylal plan fat the Brea. Section 3. TIAs tosolution shall. baxfi'ectivc-apon Oopfion. Nwid by the Council and App roved by tho Mayor or: 1u4te l I �2015. ATfivST. v✓I i� v Lam..—.-� Rialtat6lorgan, o Clerk ROSGLVAOU. Rano 2 tF.obhlciII6l�tSnsol�siai(�iRo� dge mil€t.w7d 4Keviri >;rtglanrl, yyor 21906865 Attachment 2 Revenue Allocation Area Neap 21906865 1A 21906865 M P j M lima. Attachment 3 Revenue Allocation Area Legal Description 21906865 J ff �_ Firgrneers r Sur'veyor's * Planners 30f 58th 5t. W. 138 + Wi iston, ND 58801 + (7011572.01 to 600E Oak St. * Pocatel%, fD 8320f * 12001234•Of fO ►vtvw.rmes. b1z LEGAL DESCRIPTION A TRACT OF LAND LOCATED IN THE SOUTHWEST QUARTER OF SECTION 15, TOWNSHIP 6 SOUTH, RANGE 34 EAST, BOISE MERIDIAN, BANNOCK COUNTY, IDAHO. COMMENCING AT THE SOUTH QUARTER CORNER OF SECTION 10, TOWNSHIP 6 SOUTH, RANGE 34 EAST, B015E MERIDIAN, SAID CORNER BEING MARKED BY AN ITD MONUMENT INSIDE A STANDARD CITY MONUMENT VAULT AS PER CORNER PERPETUATION AND FILING INSTRUMENT NUMBER 21510138; THENCE NORTH 89'58'20" WEST, ALONG THE SOUTH LINE OF SAID SECTION 10, A DISTANCE OF 0.74 FEET; THENCE NORTH 00°29'31" WEST A DISTANCE OF 25.00 FEET TO THE SOUTHEAST CORNER OF THE SHOPS AT PINE RIDGE 5UBDIVISION RECORDED IN THE RECORDS OF BANNOCK COUNTY UNDER INSTRUMENT NUMBER 21514610, SAID POINT BEING THE POINT OF BEGINNING; THENCE NORTH 89"58'20" WEST ALONG THE SOUTHERLY BOUNDARY LINE OF SAID SHOPS AT PINE RIDGE SUBDIVISION, A DISTANCE OF 217.99 FEET TO THE SOUTHWEST CORNER OF SAID SHOPS AT PINE RIDGE SUBDIVISION; THENCE NORTH 00°33'35" WE5TALONG THE WESTERLY BOUNDARY LINE OF SAID SHOPS AT PINE RIDGE SUBDIVISION, A DISTANCE OF 5.00 FEET TO THE SOUTHEAST CORNER OF THE PINE RIDGE MALL SUBDIVISION RECORDED IN THE RECORDS OF BANNOCK COUNTY UNDER INSTRUMENT NUMBER 557825; THENCE NORTH 89°5$'20" WE5TALONG THE SOUTHERLY BOUNDARY UNE OF SAID PINE RIDGE MALL SUBDIVISION, A DISTANCE OF 472.47 FEET; THENCE NORTH 00°01'40" EAST A DISTANCE OF 1011,00 FEET; THENCE NORTH 52'31'20" WEST A DISTANCE OF 316,61 FEET; THENCE SOUTH 45°03'40" WEST A DISTANCE OF 24.59 FEET; THENCE NORTH 5307.6'45" WEST DISTANCE OF 76355 FEET; THENCE NORTH 53°20'23" WEST A DISTANCE OF 464.67 FEET; THENCE NORTH 00022'07" WEST A DISTANCE OF 291.11 FEET; THENCE SOUTH 89°59'36" !NEST A DISTANCE OF 636.20 FEET TO A POINT ON THE EAST RIGHT- OF-WAY LINE OF HAWTHORNE ROAD; Focused on Solutions Civil 0 Environmental + Transportation 4 Planning f Land Development+ Municipal Surveying 219p68g5 THENCE NORTH 00'16'16" WEST, ALONG SAID EAST RIGHT-OF-WAY, A DISTANCE OF 50.00 FEET; THENCE LEAVING SAID EAST RIGHT-OF-WAY FIND HEADING NORTH 89°59'39" EAST A DISTANCE OF 916.54 FEET; THENCE NORTH 00°00'58" EAST A DISTANCE OF 1109,38 FEET TO A POINT ON THE SOUTHERLY RIGHT-OF-WAY LINE OF INTERSTATE 86; THENCE SOUTH 89"19`43" EAST, ALONG SAID SOUTHERLY RIGHT-OF-WAY LINE, A DISTANCE OF 374.23 FEET; THENCE SOUTH 80°26'56" EAST A DISTANCE OF 254.55 FEET; THENCE LEAVING SAID SOUTHERLY RIGHT-OF-WAY LINE AND HEADING SOUTH 37°54'22" EAST A DISTANCE OF 827.89 FEET; THENCE SOUTH 47"001'00" EAST A DISTANCE OF 57.14 FEET TO A POINT ON THE NORTH RIGHT. OF -WAY LINE OF BRENEMAN ROAD; THENCE SOUTH 89°57'7.9" EAST, ALONG SAID NORTH RIGHT-OF-WAY LINE, A DISTANCE OF 461.92 FEET TO A POINT ON THE WEST RIGHT -OF WAY LINE OF YELLOWSTONE AVENUE; THENCE SOUTH 00002'41" WEST, ALONG SAID WEST RIGHT-OF-WAY LINE, A DISTANCE OF 50.00 FEET; THENCE SOUTH 00'01'27" WEST A DISTANCE OF 804.55 FEET; THENCE SOUTH 00'32'08" EAST A DISTANCE OF 272.40 FEETTO A PONT ON THE NORTHERLY BOUNDARY LINE OF SAID SHOPS AT PINE SUBDIVISION; THENCE SOUTH 89058'20" EAST, ALONG THE NORTHERLY BOUNDARY UNE OF SAID SHOPS AT PINE RIDGE SUBDIVISION, A DISTANCE OF 20.44 FEET TO THE NORTHEAST CORNER OF SAID SHOPS AT PINE RIDGE SUBDIVISION; THENCE SOUTH 00°29'31" EAST, ALONG THE EASTERLY BOUNDARY LINE OF SAID SHOPS AT PINE RIDGE SUBDIVISION, A DISTANCE OF 600.00 FEET TO THE POINT OF BEGINNING. 0 ° ?9v_ Fj3N � Focused on 5ol"llons Civil 1=nvironmmial4 Transportation? 4 PlaaTning f Land Development P Municipal# Surveying Attachment 4 Recommendation of Chubbuck land Use and Development Commission J RESOLUTION OF THE CHUBBUCK LAND USE AND DEVELOPMENT COMMISSION RELATING TO THE PINE RIDGE MALL URBAN RENEWAL AREA AND IMPROVEMENT PLAN FOR THE CHUBBUCK DEVELOPMENT AUTHORITY FOR THE CITY OF CHUBBUCK 21906865 WHEREAS, the Chubbuck Urban Renewal Agency d/b/a the Chubbuck Development Authority (hereinafter "Agency") has submitted a proposed urban renewal plan entitled "Pine Ridge iviall Urban Renewal Area and Improvement Plan" (the "Plan") to the City of Chubbuck, and the City Council, through the Mayor, referred the Plan to the Chubbuck Land Use and Development Commission for review and recommendations conceming the conformity of said Plan with the Comprehensive Plan known as the City of Chubbuck Comprehensive Plan (the "Comprehensive Plan"), and WI [ERE -AS, the staff of the Land Use and Development Commission has reviewed said Plan and has determined that it is in all respects in conformity with the Comprehensive Plan; and WI IEREAS, the Chubbuck Land Use and Development Commission met on July 12, 2016, to consider the Plan, and WHEREAS, the Chubbuck Land Use and Development Commission has reviewed said Plan in view of the Comprehensive Plan. NOW, THEREFORE, BE IT RESOLVED BY THE LAND USE AND DEVELOPMENT COMMISSION OF THE CITY OF CHUBBUCK, IDAHO., Section 1. That the Plan, submitted by the Chubhuck Development Authority and referred to this Commission by the City Council 1br review, is in all respects in conformity With the Comprehensive Plan. Section 2. That the Chairman of the Land Use and Development Commission by and hereby is authorized and directed to provide the Chubbuck City Council with a certified copy of this Resolution relating to said Clan. Section 3. That this Resolution sliall be in full force and effect immediately upon its adoption and approval. PASSED by the Land Use and Development Commission of the City of Chubbuck, Idaho, this 12`x' day of July 2016. Vice -Chairman, Land Use and Development Commission 49720 -W4 -1404,v. i Attachment 5 Projected Construction Costs 21906865 'N\ 21906865 b[lir{r Ridge Mall bafw€gvilidurc and ImprOven{e{Its Fknlrsl fr alpura 9115 "W6 ;'117 1+1 i3 Mil 11`_0-1641 Tm:d r -t 411a`t;: fcr [Ie1rNalre+rm [: nnel RO-A'elr P rk1,:C Lw Pe. »antr. Mnk24at1 Urt. - S 2t:Irm knm 16- 0rt+ra4mm fled tahuer S SIM:.O>1 S ]InnaS S hAin, id Upusr R:nrnnu:m 5 JIM 1PII 1 6arI,Nlll S I,pMlfeF1 i Ilrbr•c1w FJi'anM Lm Rebs1 S InSjsn S F,11,unn k lism S r00,rPa1 S 7245,[NIII S 531}MO S 1.213.3.441 1 Prns=••Hauer• # sh.-4rr, S NNIWil 5 "ll Cab { ',[I C44s S n1n1eF S 15.kM t 15.14a1 S 1�71n ; 15.crtn S 2ul,hul S Irlis R { 5183t4AN J'.- A.dg_ }.roll A- M.4 k L'n r" Af:dl E.n+nxlan 5 sr Wmk S NSO IYP s ASV, -, 1 - F1d 9kc R Ssc Work S 121.. 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S 1t'OW S 141rsa f Slhi,dl'a NO sa4 TA S 331!10:1 S 71}.OM s I'M5nt 3In5mRmduLe?ariln[:�rl+s •Sale S '"MINI S 50.tKlrl S Y1,Mt Fla!Sucf. frdrastrsrnuw•TsrLnS9mr Auer S anlft,nl4t S aw.un6 I: j•CYLW Fbi 3nc R Trlellll DOW -Ni 5 290,f6R1 S ?90,1106 % Ptd 9051en 1TA S I15,Ia61 S IE7.On0 ; PI4e RId{e: h1JH s 11Y) C+{vh/IM Un11C111i3 ; 1, 7011,fdJrl $- Fni T T SKstf S 71R,uf+# i 1%Curl S - Pa1 Si1c 7 TA S Iqa an 3 IMANI S - Fad5arIId- eh-TAlla{}T3fh a Alde S MATT ! !4)pw S 4:}64 174 511 4P,41Edrnp ; tcl,an0 i 1[cs,nnl S Ped 511:1 TA 5 an,lrh S 70,0147 3 - PadfinnfAlf. f am n:n S 11TOA-V S rtm.lnsl NrAH Oandl €lu.tdlhr S S,Z(4l nlm S 3,20144'%1 5 In€ I+ a V'I l Sh[V Stl-TA s 316*n S 7%.'Ipn S )IM:a S 115,361 S 6111;?27 NO.arA1x0SLMSp a U, INne1 S 4506 YJ S .5'I.V0 3 If-MWs 471,541 S wrq,11,23 S Ic-.4"A1A S - CJnllnktiS} S IIS,NiO S 7x3711 $ 13,"n 1 1{;115 5 1')711 In s ?56.59€ S 1,191j.11 5 -A)SMM Tr1u1 S _^,IlS,f lir S F/IFi n[In S I'?T•T!n S 110,515 5 R:1,;6{ ; ll,6dia l's S 7'1.7fiF,G7G S 1,6711,ewl son crt[Ia Sae!talk Unpin: u S L!5744 ; 199.131) S fxr14 $ 18T,1F7 % 11,361 5 114,816 S 714170 S 1914-M lo Althw - 5 1{'1.1'}3 S frk,Nan S {61149 % 1.1,41 ; 461,GN1> 3 920,LiN 1 - 81Cl,rrnktiS4n s Y % 5 S s - 5 S ' Las11 S 230w, 5 11,013 # '_IA4) S 15.500 S 25.6x1 S Le1" 3 175,0iR1 F - A=unlap s 1tw, S S5,IY,Kr 5 15cett s Ii,L1461 s 15.870 s ujxn S Ila, m) S 13cr11[Kel P- S 0_7047 5 534,111 S 1Ai,7LW S 4981145 3 71,191 S L,317421 5 1,70,1.5x1 S - Fiw+ItiUgCac i I1:k 12!- S 417,7#7 S S7l.754 S 3L4All F 6s„6] 1 :,111,113 S 1.57j"M s fl-Kjllf CSR ilnnasunerel S lif-]}(1 S SS X73 S 21 n'Ks 1 ]9fiDi 3 79.7'11 F 1'31,7'5 L 4}1ti?+ S Y,SI,Y9; Co ,Vdm0r4':rxnaUr€1=ard S YII,K2! S 33i A3 S 7G-2al # "q:7U 1 !!,515 5 51.,1"10 S 1.061101 S - LnaKlrtn[0:5 3 1:,+1311 1 9.1413 # 33,4A 1 51.,1X4 # L5,M.] s 124,841 S "AM s - Tnkai S 111M.all S L,961433 S -,IIz14T s I.Pl l,sfil S 1!!,n#J s 4'46,813 S 9.RF7,5F1 S AdtS 1 'hx+i Tara? s S6'7,t"t 5 llnu ,yl S 4,711,X21 5 7.03n11i S lI%LIJK3 S 31.1101,361 S [,!1019,?3e S It.7#?,E44 • :LI I axrr I+N.) dr.>•e ut salm:r>=r arw uI It ne sMltti!3' 66511x0 t -d- It: r.Awi cm i In:arr:d •644.`4 1 rw 11!1€ 21906865 Attachment 6 Current Assessed Valuation and Mill Rate and Projected Assessed Value Increase 21906865 52sr3r2s2.! Square Fee 55000 Assesqed S Number RCPRM000206 (Flcrber er's) I'mina Jurisdiction m Bannock County 2015 Levv Levy 0.005282020 not Subject to Levy TIF 0.0000 1 82020 Subject to TIF 0,00553818 City of Chubbuck 0.009933799 0 0,009933799 School District 25 0,004422426 0.0044224260 0 Portnetif Free Libraz-v 0.000579006 0 0.000579006 Bannock County Road & I3rid e 0.000850532 0 0.000850532 Bannock County Ambulance 0.000398922 0 0,000398922 Abatement 0.000035503 0 0.000015503 Tota{ 1 0.021502208 0.0041440628 0.017061580 52sr3r2s2.! Square Fee 55000 Assesqed S Number RCPRM000206 (Flcrber er's) 20Pat-cel Assessed $ 16 Base Mks Value 2,254,774 RCPRM000208 (Mali) S 7,719,300 RCPR1000102 (Sho ko) S 4,555,3£48 RCPRM000202 (Sho ko) $ 649,220 RCPRN1000301 (Panda Express) S 1,200,412 RCCPCO29302 (Breneman Road) S 1.500 RCPRM000100 (Clinic & Vacant) S 1,639,000 RCCRM00010013 (Theater) $ 1,420,900 RCPR1000105 (Ring Road) $ 1,500 RCSPR000500 (Shops) $ 35,900 RCSPR000100 (Shops) S 629,800 RCSPR000200 (Shops) $ 509,800 RCSPR000300 (Shops) $ 418,700 Total $ 21,036,154 52sr3r2s2.! Square Fee 55000 Assesqed S Value Per SIF 60 Total S Assessed Value 3,300,000 User Mall Expansion TheateiITheater Expansion 42300 $ 85 S 3,595,500 Pad Site 1 6000 S 350 $ 2,100,000 Pad Site 2 3000 S 450 S 1,350,000 Pad Site 3 4500 5 350 S 1,575.000 Pact Site 4 5100 S 350 S 1,785,000 Pad Site 5 4900 S 350 $ 1,715,000 Pad Site 6 5800 $ 350 $ 2,030,000 Pad Site 7 7500 $ 250 $ 1,875,000 Pad Site 8 1800 $ 450 $ 810,000 Mall Outlot Building 4062.0 S 60 52,437,200 . Total New $ 22,572,700 52sr3r2s2.! Attachment 7 Twenty Year Revenue Projection 21906865 x-rojections without Shops at Pine Ridge Year Base Assessed Value Total Assessed Value Increment Available 1 $ 21,036,154 $ 21,036.154 $ - ? $ 21,036,154 IS 43,608,854 $ 385,126 3 $ 21,036.154 $ 44,044,943 $ 392,566 4 $ 21,036,154 $ 44,485,392 $ 400,081 5 $ 21,036,151 $ 44,930,246 $ 407,671 6 $ 21,036,154 $ 45,379,548 $ 415,337 7 $ 21,036,154 $ 45,833,344 $ 423,079 8 $ 21,036,154 $ 46,291,677 $ 430,899 9 $ 21,036,154 $ 46,754,594 $ 438,797 I G $ 21,036,154 $ 47,222,140 $ 446,774 11 $ 21.036,154 $ 47,694,361 $ 454,831 12 $ 21,036,154 $ 48,171,305 $ 462.,969 13 5 21,036,154 $ 48,65},018 $ 471,187 14 $ 21,036,154 $ 49,139,548 S1 479,488 15 $ 21,036,154 $ 49,630,944 $ 487,872 t6 $ 21,036,154 $ 50,127,253 $ 496,340 17 $ 21,036,154 $ 50,628,526 $ 504•,893 18 $ 21,036,154 $ 51,134,811 $ 513,531 19 $ 21,036,154 $ 51,646,159 $ 522,255 20 $ 21,036.154 $ 52,162,621 $ 531,067 Total: $ 8,664,764 1PV. 5.50% $ 4,877,228 Annual Increase in Assessed Value: l% 21906865 2190686: Attachment 8 Estimated Twenty Year Revenue to Affected Taxing Districts 21906865 n r, r'- r n Cf5 e� C!l ff5 C�1 t1l :{i !1 4fi Cq E{ 65 69 L, b9 V4 Uq 65 n4 rJ rJ CI Cl N rs rJ rl ^J rr r`J CI rV rel r1 r1 rl rE rJ r11 10 eT c a, C, C, Cl r1 r, rj r, rj 00 sa >a ao 0p a5 00 x cc w ov r_ oq 00 0cr 0o 00 w 0o Do w r- 65 LA J 6-3 69 1 f q in EA W) GI) Crl VF� in VI 69 ra4 fF. ell 69 69 rr rJ d`: rl N IN (1r is rt C11 r1 rJ r,1 r] 1711 IN r1cq r11 fl! x3 IT P C, of 0'1 ii C' 0% 07 C' C+ r.1 G� CT C� C� C1 04 C, G, rh PO 4e7 x 04 SC 00 M+ G4 GC W G0 09 W 3O G0 00 00 00 0c ' r� t+ttir-r-nr�r+r-=rtir=t�rl--t�r�r�ns�nr� rz tnF rfl ii} rFi V, rr} FH I', vs 69 IS S r VA V, In 1 € 4 E,j 1A 19 0 C C) Q 0 0 O C 0 0 C� 0 d C? 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[r1 r/s rr to r.9 Cn FA r'J fi ell C co U' In rn N C Cti r4 %D Vi Ct rr PS 7 — O rn If -t In %O J"- 00 ^ L1 Ca _ r'Y fl) v In t0 r- 00 ... n In n v7 In ,r� u Ir} u n L? \D to �o — — — r1 — — — ry N 6q t{1 69 55 W.;M CA ri'i rr co,r r!3 (A t/i bh E:) " 64 64 111119 64 In 0i5 eso rh �4 ^ C. --• e[n I{� St t ^-� n til t bt � In N ITI r -r 04 01 rr: N Jry r'7 t0 Ir't U 1^i v7 Cel %C cc �r kl'I O 0•. try -- 7 ..lei r`J rt ' M0, O r- DO 4 %D r4 M C kA rt oo T1' rn '.T n try r� 08 Lti N In N N f,l L crI rr^. r. c1l rni rn -r%0 rh -a -r -tt lin In %D m n r- r 00 04 0% O Clri r a et r a •a a s 17 IT "i, v a�r �r in In In In e(j (A 6% 69 6q t/4 b9 ii �A rJ3 `.i9 F! r/y (moi {ni i5 Vi +=JS 64 69 wl In VAI Wi In fn In In in lxi In in -n to In 'n in In >n In r^. r•Z rh r7 r•h rS rn r^. ?"I I) f'1 rh In r^, In rh rh rh f'i o acct C�c©c cmc C!C?ftpQ C7 ac i�S rJ N rt N 7 r`J r] 7 CJI rI N r^r r4 JZ3 rV r4 Pt t7J 'tet rA t tfj 5'9 49 Ln En Loa Gq v, L/ l• Fs Ln to CA 6: ry 69 64 -7 it L: (; 00 a, 21906865 Attachment 9 Site Map Showing Location of All Proposed Public Works Projects 21906865 42 11 flit' I 21906865 F I 21906865 Attachment 10 Notice of Public Hearing 21906865 21906865 PROOF OF PUBLICATION STATE OF IDAHO Colunty of Bannock LN 23527 KAREN MASON being first duly sworn on oath deposes and says: that SHE was at all tithes lierein mention a citizen oFthe United States of America more than 21 years of age, and the Principal Clerk of the Idaho State Journal, a daily newspaper, printed and published at Pocatello, Bannock County Idaho and having a general circulation therein. That the document or notice, a true copy of which is attached, was published in the said IDAHO STATE JOURNAL, on the following dates, to - wit: July`01-2016 July___ _____2016 Rily_08_201d_duly 2015 July 2016 July 2016 July 2016July 2015 That said paper has leen continuously and uninterruptedly published in said County for a period of seventy-eight weeks prior to the publication of said notice of advertisement and is a newspaper within the meaning of the latus of Idaho. STATE OF WA140 � .v\ Gk -'k_ COUNTY OF BANNOCK. On this 08th, of July in the year of 2016, before me, a Notary Public, personally appeared KAREN MASON Known or identified to me to be the person whose name subscribed to the within instrument, and being by me first duly sworn declared that the statements therein are true, and acknowledge to me that Ile executed the same. N ry of Publ Residing at Arimo exp. 3!312.021 N d'il 1 itia 0 v.. ROUGE OF fit: ULAN 1 'its Anu r'ueLIL MMIM3 F 1 1 M; CRY COUNCIL 0 THE Crr 1119BUrK,1DAR0, TO CONSIOER THE PINE RIo9E 1f1ALL Uit9AN KNEWAL AND (hlr.,.,VEMENT PLAN FOR THE 2076 PINE RIDGE MALL UR3AN RENEWAL PROJECT OF THE CHU86UCK URBAN RF.REWAL AtIENCY i� gg i ROSOSUSlIIESSASCHUBSUCKDEVEl6PMOff AUTHGRIiY + L fl p 140TICE IS HEREBY GIVEN that tM Gity Council ('City Cauncll') of the Cily of CtwbW (W)will will hetd, dutlrrq iE3 rtgufarmeallnq, a putiflc headsrq in City GoenCal Charrrbers, 6160 Yellowstone Avenue, Ghubbuds, Idaho, oa WadnMaY, Au0U1t 3, 2618, at 8:00 p.m., to consider for zdop;ian the 2016 Fine Ridge Atoll Urban Rarteviij Area and Improvement Plan (1016 Pian R#doa Mdll Pfau`} of the Chubhuck Urban Rerrulrral A{Pncy dJbra tfirf�bbucSc 0 svaloprnenl Autha rity {"Agar�/'j, The b4undarS3� of ifie 2016 gine fildge htag pian revenue elloca0tfrl arae eft hereinafter descrlbid. The bounderlis of the urban raoiwal area and the reverltre fdlocatlan area ere concurrent. The 2016 Pine RNOR W41 Fian prnpcaas that the Agerry undartaka urtlan renew4 proodspursuant to the Idaho Urban Rnnmal Lair of 1965, 04gter20, Tula 50, !darn Coda, as amended (the "law"). The 2616 f int Ridge I.".a1t Plan being considered f4redoplon contalas a revenue aliccation flnancinq pro ision pursuant to the Loral Economic Dwaiopnlard Act, Chaptar 20,11tw 60, Idaho Code its "Act') thet VAI ca+ase property taXw resetting from any increase in equallrod assessad valuation In aw4gs of the acNratlxtd aawsed valuation as shown an the rase assessment roll as of Janmry 1, 20113, to be s1k atad to fire ApenLrj for urban ranewial purpom, The Agency Iran adopted anal recommmfdad epproM of the 2016 Pine Ridge Mall Plan, Thi City Council will alsO be cormiderlag thi first throNh third ruing; of an Ordinaru:e to edapt the 2016 Pini Ridge MAI Fian at the A190st 3, 2016, meting - T43 general $Cape and oh)ectival of the 2016 Fine Ridge Mail ftn ore: • Tire etimuratfcq of envIrowental deficiencies In she Pro]ect Area, Induoing, amang Others, 4WOO14e0 and Inadeq ie public lmpmnwnrs Induding certaln greats and Improvemersro; Improvements to roady.%s, paining arsd trafW efgrrala; sidewalk, curb and gutter Improven mis: Improwmants to public uliitie5lndud- ing vra:irand ievrae impruvantartta end f1m prnl�:tlosl eystams $traadlgltt3; atller public Irr;pravamerls (iaJuGirg pubtlC p011dlnps end Iaala9es}; rPrnoaal, bur3r ng, 9r relnixloa et frrathtad ut9ilfal; odwslon of slsricel distrltardlon Ones sod trirutornters; imprrfuemar of Irrfgatlan and drxtnaga ditches and laterals; impprcrremtflt of storm drtrbtsge fadiflas; and emlrorhftantaf remediatkrn of brmmOatd alias • Ta faCl!i as propergroxth and dntalapraent Irl aCcordarlCe wftff eouM pfannlnq prinaipias xnd 1=10jac- tF 4y erctrurrtging prhratd devo!opmetit thai eliminati5 detarloiallon and ecatlamlc disuse tlf property • To eeminata [uldaruli!rred areae which am causing Pt gnamfe under devalapment In Ilfe dt algrtated oroa endJor suhtitarnlaf'ry krtpldr[frg tltii sound 4rovrttt tti City In generfe •70 worrrag9 t1iAh private and public derIn tfte Project Area In order to dhrersify and Improve 100 local @cowrty by praAding adaquata pubft }ac!Kfi, • TaeccwnIX pkiit goals, In accordance villi ap appropfWa WWI. r,W, and local laws Airy swM lend usm as *=IbW In tho 2010 Pine Rt 94 MAO Plan wil tip In eordarmance wlUt uirffng foritldQV and ttw Cdrdprehen$fve Plan far lie Clty, as adapted by the City Crnlndl. LVW rf WO aV IMW will be doped by pilvtw errbrptim or public agenclos as $ulhorWdl by law, Thi 2016 Trine rlld gi 1,10 Plan kWnlHtett Y0eu3 vb6o and prhrota InirAoVem9nfs V1100 may be made vrlthin 114 201B F1r►a Rldge Mall rbvow 490*10Into. Ttia 2015 Nkm fudge Mail Urban ffenavral and Rivoduo AIIoWi•7n Alga herein rafbrred to Is located 00 nag, OI7/ a�irslklvra: thio proocf Atffa gaubrally biciodetl thb Pine Aldo Mag SAIII- l- slon, the Plno f0 a trW flrsl A40101 aro the BWP9 at Pine RMP ButWilon, ThNolacl Aroa to generally bounded by Yallm,r§ION Avarhle on the Pail, Won Rwd on 615 south, Garin nntnfl alunq 1#1e drainage dltalt on file 4we9t and (tderstale 130 Ori Ills fiefli, 4he bfif 4wy of Ilia 2010 Pine Rkfgs Nail PWI retnfnu$ ulrrulad srdta I; aho &PLI0 In thb frup bolow, Q*f95 of tfli OMMA f1m, Arneadinenl atu ori Illi, iur pub4c Inspo,llan ruin capong for Ills a't of dupow Bert td till @filo# of the GHQ Clerk afChuiitiwlk, Cit/ Hal, 6f Oti Yeficrr:�tdrrP Antn{krr C1lyd,ButK, Iffait0 U r�2, W,jmEO tfid kuru of VO Lm. and 0;W p,ra., Makday difougil 1burudty slid'?* 0,01. Odd ll-,% 8,011. 011 Ff ids/, ff�[4ZI[rd ht of iNiilriayss, lire liaatln, wlp bt flfdd ins Ildnil uird mwbld lat:ftii;h All InfurtrulIm pfeseriM in til$ flafUi 9 cttail alsrr be evdil,b , Up �tianci re VO4I11 d form Inbld by (>tima$ WI h tr9rirg of VIM- I impeltrff>rr ti: 1fil117itllA Y6111 Ulf V aisatrllHii9 fogy f0cetvd 1L 6l"Ce by e4Atar fing iiia City FA lino ra ptlbr to the fleeting, At thy hehrirrg Baty, britt, and place r dif jlmb a (Miguel G, 2016, at CM pd10, all Iercnrts 1r11i,rn3tad Irl Ulu ai ft 1r1#tt415 my eppolf IN W Imcf. willlpn comrnenli will Piz lro Pcs"p;e;l, 4olnawrils slwold Toa dlrkW Iu Ihd laity Clerk of ChrrttbmL WrIftim commenti should bu sibid!II!'J Will (7) days pfkjr to life htlirin dt la, ObTED d g" 2i,, 2019, Althwd wtowl, City Chir w .... ... -- b ,.1.1 L" 4 col it Attachment Il City Council Ordinance No. Approving the Urban Renewal Pian 21906865 Exhibit 4 SUMMARY OF ORDINANCE NO. 'W) 21906505 CITY OF CHUBBUCK SUMMARY OF ORDINANCE NO. 759 2190686 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CHUBBUCK, IDAHO, APPROVING THE PINE RIDGE MALL URBAN RENEWAL AREA AND IMPROVEMENT PLAN, WHICH PLAN INCLUDES REVENUE ALLOCATION FINANCING PROVISIONS; AUTHORIZING THE CITY CLERK TO TRANSMIT A COPY OF THIS ORDINANCE AND OTHER REQUIRED INFORMATION TO COUNTY AND STATE OFFICIALS AND OTHER TAXING ENTITIES; APPROVING THE SUMMARY OF THE ORDINANCE; AND PROVIDING AN EFFECTIVE DATE. BE IT ORDAINED BY THE MAYOR AND COUNCIL OF THE CITY OF CHUBBUCK, IDAHO: SECTION 1: It is hereby found and determined that: (a) The Project Area as defined in the Pine Ridge Mall Urban Renewal Area and Improvement Plan (the "2016 Pine Ridge Mall Plan"), the boundaries of which are slightly larger than the boundaries originally deemed eligible in the Deterioration Study, is a deteriorated or a deteriorating area as defined in the Idaho Urban Renewal Law of 1965, Chapter 20, Title 50, Idaho Code, as amended (the "Law") and the Local Economic Development Act, Chapter 29, Title 50, Idaho Code, as amended (the "Act") and qualifies as an eligible urban renewal area under the Law and Act. A Summary of the 2016 Pine Ridge Mall Plan is set forth below. The full text of the Ordinance and the 2016 Pine Ridge Mall Plan are available at the offices of the City Clerk, located at the Chubbuck City Hall, 5160 Yellowstone Avenue, Chubbuck, Idaho 83202. (b) The rehabilitation, conservation, and redevelopment of the urban renewal area pursuant to the 2016 Pine Ridge Mall Plan are necessary and in the interests of public health, safety, and welfare of the residents of the City. (c) There continues to be a need for the Agency to function in the City. (d) The 2016 Pine Ridge Mall Plan conforms to the Comprehensive Plan. (e) The 2016 Pine Ridge Mall Plan gives due consideration to the provision of adequate park and recreation areas and facilities that maybe desirable for neighborhood improvement (recognizing the commercial component of the 2016 Pine Ridge Mall Plan and the need for overall public improvements) and shows consideration for the health, safety, and welfare of any residents or businesses in the general vicinity of the urban renewal area covered by the 2016 Pine Ridge C07t7 7114/s164[a*10J►VA1ky,ElI� ' 21906865 Mall Plan. (f) The 2016 Pine Ridge Mall Plan affords maximum opportunity consistent with the sound needs of the City as a whole for the rehabilitation and redevelopment of the urban renewal area by private enterprises. (g) Pursuant to Idaho Code §§ 50-2007(h) and 50-2008(d)(1), the 2016 Pine Ridge Mall Plan provides a feasible method for relocation obligations and there is not anticipated to be any activity by the Agency that would result in relocation. (h) The collective base assessment roll for the revenue allocation area under the 1992 Plan, considering the Intergovernmental Agreement with Respect to the Chubbuck Development Authority and its Urban Renewal Plan (the "IGA"), dated November 23, 1998, which reduced the size of the revenue allocation area, and as amended by the First Amendment to the 1992 Plan, and the new 2016 Pine Ridge Mall Plan revenue allocation area does not exceed ten percent (10%) of the assessed value of the City. (i) The 2016 Pine Ridge Mall Plan includes the requirements set out in Idaho Code § 50-2905. (j) The 2016 Pine Ridge Mall Plan is sufficiently complete to indicate such Iand acquisition, demolition and removal of structures, redevelopment, improvements, and rehabilitation as may be proposed to be carried out in the urban renewal area, zoning and planning changes, if any, land uses, maximum densities, building requirements, and any method or methods of financing such plan, which methods may include revenue allocation financing provisions. (k) The urban renewal area, which includes the deteriorating area, as defined in Idaho Code section 50-2018(9), does not include any agricultural operation requiring written consent. (1) The portion of the Project Area which is identified for non-residential uses is necessary and appropriate to facilitate the proper growth and development standards in accordance with the objectives of the Comprehensive Plan to overcome economic disuse, the need for improved traffic patterns, and the need for the correlation of this area with other areas of the City. SECTION 2: The City Council finds that the 2016 Pine Ridge Mall Plan meets the sound needs of the City and will provide opportunities in an area that does not now contain such opportunities, and nonresidential uses are necessary and appropriate to facilitate the proper growth and development standards in accordance with the objectives of the Comprehensive Plan, as may be amended, to overcome economic disuse, the need for improved traffic patterns, and the need for the correlation of this area with other areas of the City. ORDINANCE SUMMARY - 2 2190686 SECTION 3: The 2016 Pine Ridge Mall Plan, a copy of which is attached hereto and marked as Exhibit 3 and made a part hereof by attachment, be, and the same hereby is, approved. As directed by the City Council, the City Clerk and/or the Agency may make certain technical corrections or revisions in keeping with the information and testimony presented at the August 3, 2016, hearing, and incorporate changes or modifications, if any. SECTION 4: No direct or collateral action challenging the 2016 Pine Ridge Mall Plan shall be brought prior to the effective date of this Ordinance or after the elapse of thirty (30) days from and after the effective date of this Ordinance adopting the 2016 Pine Ridge Mall Plan. SECTION 5: Upon the effective date of this Ordinance, the City Clerk is authorized and directed to transmit to the County Auditor and Tax Assessor of Bannock County and to the appropriate officials of School District 25, Portneuf Free Library, Bannock County Road & Bridge, Bannock County Ambulance, Mosquito Abatement, and the State Tax Commission a copy of this Ordinance, a copy of the legal description of the boundary of the area and a map or plat indicating the boundaries of the revenue allocation area. SECTION 6: The City Council hereby finds and declares the equalized assessed valuation of the Revenue Allocation Area, as defined in the 2016 Pine Ridge Mall Plan, is likely to increase as a result of the initiation and completion of urban renewal projects pursuant to the 2016 Pine Ridge Mall Plan. SECTION 7: The City Council hereby approves and adopts the following statement policy relating to the appointment of City Council members as members of the Agency's Board of Commissioners: If any City Council members are appointed to the Board, they are not acting in an ex officio capacity but, rather, as private citizens who, although they are also members of the City Council, are exercising their independent judgment as private citizens when they sit on the Board. Except for the powers to appoint and terminate Board members and to adopt the 2016 Pine Ridge Mall Plan, the City Council recognizes that it has no power to control the powers or operations of the Agency. SECTION 8: So long as any Agency bonds, notes or other obligations are outstanding, the City Council will not exercise its power under Idaho Code § 50-2006 to designate itself as the Agency Board. SECTION 9: So long as any Agency bonds, notes or other obligations are outstanding, the City Council will not modify the 2016 Pine Ridge Mall Plan in a manner that would result in a reset of the base assessment value to current value in the year modification occurs as further set forth in the Act. SECTION 10: This Ordinance shall be in full force and effect immediately upon its passage, approval, and publication and shall be retroactive to January 1, 2016, to the extent permitted by the Act. SECTION 11: The provisions of this Ordinance are severable, and if any provision of this Ordinance or the application of such provision to any person or circumstance is declared ORDINANCE SUMMARY - 3 2190686: invalid for any reason, such declaration shall not affect the validity of remaining portions of this Ordinance_ SECTION 12: At least one-half plus one of the City Council members finding good cause, the City Council hereby dispenses with the rule that this Ordinance be read on three different days, two readings of which shall be in full, and have hereby adopted this Ordinance, having considered it at one reading. SECTION 13: The Summary of this Ordinance, a copy of which is attached hereto as Exhibit 5, is hereby approved. SECTION 14: All ordinances, resolutions, orders, or parts thereof in conflict herewith are hereby repealed, rescinded, and annulled. SECTION 15: SAVINGS CLAUSE: This ordinance does not affect an action or proceeding commenced or right accrued before this ordinance takes effect. 2016. 2016. PASSED by the City Council of the city of Chubbuck, Idaho, on this 3rd day of August APPROVED by the Mayor of the city of Chubbuck, Idaho, on this 3rd day of August EXHIBITS TO THE ORDINANCE Exhibit 1 Notice Published in the Idaho State Journal Exhibit 2 Resolution of the Chubbuck Land Use and Development Commission Relating to the Pine Ridge Mall Urban Renewal Area and Improvement Plan for the Chubbuck Development Authority Exhibit 3 Pine Ridge Mall Urban Renewal Area and Improvement Plan Exhibit 4 Ordinance Summary SUMMARY OF 2016 PINE RIDGE MALL PLAN The 2016 Pine Ridge Mall Plan was prepared by the Agency pursuant to the Law, the Act, and all applicable laws and ordinances and was approved by the Agency. The 2016 Pine Ridge Mall Plan provides for the Agency to undertake urban renewal projects pursuant to the Law and the Act. The 2016 Pine Ridge Mall Plan contains a revenue allocation financing provision pursuant to the Act that will cause property taxes resulting from any increases in equalized assessed valuation in excess of the equalized assessed valuation as shown on the original base assessment roll as of January 1, 2016, to be allocated to the Agency for the urban renewal purposes. ORDINANCE SUMMARY - 4 �`� 21sos8s� The general scope and objectives of the 2016 Pine Ridge Mall Plan are: • improvements to roadways, parking and traffic signals; sidewalk, curb and gutter improvements; improvements to public utilities including water and sewer improvements and fire protection systems; streetlights; other public improvements (including public buildings and facilities); removal, burying, or relocation of overhead utilities; extension of electrical distribution lines and transformers; improvement of irrigation and drainage ditches and laterals; improvement of storm drainage facilities; and environmental remediation of brownfield sites; • To facilitate proper growth and development in accordance with sound planning principles and local objectives by encouraging private development that eliminates deterioration and economic disuse of property • To eliminate underutilized areas which are causing economic under -development in the designated area, and/or substantially impairing the sound growth of City in general • To encourage both private and public development in the Project Area in order to diversify and improve the local economy by providing adequate public facilities • To accomplish plan goals in accordance with all appropriate federal, state, and local laws Any such land uses as described in the 2016 Pine Ridge Mall Plan will be in conformance with zoning for the City and the Comprehensive Plan, as adopted by the City Council. Land made available will be developed by private enterprises or public agencies as authorized by law. The 2016 Pine Ridge Mall Plan identifies various public and private improvements which may be made within the Project Area. The Project Area herein referred to is located generally as follows: An area consisting of approximately the Pine Ridge Mall Subdivision, the Pine Ridge Mall First Addition, and the Shops at Pine Ridge Subdivision. The Project Area is generally bounded by Yellowstone Avenue on the east, Quinn Road on the south, continuing along the drainage ditch on the west, and Interstate 86 on the north. The legal description of the 2016 Pine Ridge Mall Plan revenue allocation area is fully set forth in Ordinance No. 759. The Project Area is also depicted in the map below. ORDINANCE SUMMARY - 5 21906M Section III specifically describes the proposed redevelopment actions, participation opportunities and agreements, cooperation with public bodies, property acquisition standards and requirements, relocation, demolition, and property disposition. The 2016 Pine Ridge Mall Plan also contains an economic feasibility study. Among other sources, the 2016 Pine Ridge Mall Plan will utilize revenue allocation financing authorized by the Act. Section IV, Attachments 6-8, discuss revenue allocation financing and show how such financing has worked and would work in the Project Area in the future if certain new private developments occur as estimated. Increases in assessed valuation of real and personal property in the Project Area that occur after January 1, 2016, will generate revenue for the Agency to pay project costs. Project costs include street improvements, infrastructure enhancements, utility upgrades, site preparation, environmental remediation, and other public improvement costs. The assessed valuation of real and personal property on the base assessment roll is still available for use by the other taxing districts, School District 25, Portneuf Free Library, Bannock County Road & Bridge, Bannock County Ambulance, and Mosquito Abatement to finance their operations. The 2016 Pine Ridge Mall Plan authorizes the Agency to reimburse the developer for eligible project costs using revenue allocation funds. ORDINANCE SUMMARY - 6 21906865 �1 The program outlined in the 2016 Pine Ridge Mall Plan emphasizes the installation of needed public improvements, street improvements, utility work, and other costs to encourage private development. Attachments 6-8 describe in detail the cost and financing methods for complete repayment of the developer investment in the Project and to also fund the additional described activities. No change in the land use designation or the potential uses in the area have been proposed The 2016 Pine Ridge Mall Plan follows the underlying zoning classifications of the City. The duration of the 2016 Pine Ridge Mall Plan is for twenty (20) years. A termination date is set forth in Section VI of the 2016 Pine Ridge Mall Plan, The Agency is required to prepare an annual report each year describing its activities during the previous year. ATTACHMENTS TO THE PINE RIDGE MALL PLAN Attachment 1: Resolution of the City Council Designating the Urban Renewal Area Attachment 2: Revenue Allocation Area Map Attachment 3: Revenue Allocation Area Legal Description Attachment 4: Recommendation of Chubbuck Land Use and Development Commission Attachment 5: Projected Construction Costs Attachment 6: Current Assessed Valuation and Mill Rate and Projected Assessed Value Increase Attachment 7: Twenty Year Revenue Projection Attachment 8: Estimated Twenty Year Revenue to Affected Taxing Districts Attachment 9: Site Map Showing Location of All Proposed Public Works Projects Attachment 10: Notice of Public Hearing Attachment 11: City Council Ordinance No. 759 Approving the Urban Renewal Plan The full text of Ordinance No. 759 and the 2016 Pine Ridge Mall Plan are available at the offices of the City Clerk located at the Chubbuck City Hall, 5160 Yellowstone Avenue, Chubbuck, Idaho 83202. A modified version of this summary was approved by the Chubbuck City Council at its meeting of August 3, 2016. I, Thomas Holmes, City Attorney for the City of Chubbuck, Idaho, hereby declare and certify that in my capacity as City Attorney of the City of Chubbuck, pursuant to Idaho Code Section 50-901A(3) of the Idaho Code as amended, I have reviewed a copy of the above Summary of Ordinance, have found the same to be true and complete, and said Summary of ORDINANCE SUMMARY - 7 21906865 �1 Ordinance provides adequate notice to the public of the contents, including the exhibits, of Ordinance No. 759. DATED this 3rd day of August 2016. 4816-3278-9301, v. 3 ORDINANCE SUMMARY - 8 21006805 City of Chubbuck August 25, 2016 SEPARATE LETTERS TO THE STATE TAX COMMISSION, THE BANNOCK COUNTY AUDITOR, THE RECORDER OF BANNOCK COUNTY, AND BANNOCK COUNTY ASSESSOR RE: 2016 Pine Ridge Mall Urban Renewal Area and Improvement Plan As provided for under Idaho Code Sections 50-2907 and 63-215, and Rule 225 of the Property Tax Administrative Rules IDAPA 35.01.03.225.02, you are being provided copies of the following recorded documents for filing: 1. Chubbuck Ordinance No. 759 and Summary of Ordinance No. 759 (without exhibits or attachments) approving the 2016 Pine Ridge Mall Urban Renewal Area and Improvement Plan ("Pine Ridge Mall Plan"), which plan contains a revenue allocation area. The City Council approved the Ordinance at its meeting of August 3, 2016. The Mayor signed the Ordinance on August 3, 2016. Publication of the Ordinance occurred on August 19, 2016. 2. A legal description of the Pine Ridge Mall Plan Area and Revenue Allocation Area, which areas are coterminous. 3. A map showing the boundaries of the Pine Ridge Mall Plan Area and Revenue Allocation Area. Please file these documents in your official records. Please be advised that the contact person for the Chubbuck Development Authority is Thomas Holmes, Chubbuck City Attorney, P.O. Box 967, Pocatello, Idaho, 83204, 208-232- 5911. Should you desire a copy of the entire Pine Ridge Mall Plan and its attachments, copies can be obtained from Rich Morgan, Chubbuck, Idaho 83202. Sincerely, P-04- Richard Morgan, City Clerk Enclosures cc: Thomas Holmes Ryan P. Armbruster 4840-5181-9062, v. 1 CITY OF CHUBBUCK, IDAHO ORDINANCE NO. .75 41 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CHUBBUCK, IDAHO, APPROVING THE PINE RIDGE MALL URBAN RENEWAL AREA AND IMPROVEMENT PLAN, WHICH PLAN INCLUDES REVENUE ALLOCATION FINANCING PROVISIONS; AUTHORIZING THE CITY CLERK TO TRANSMIT A COPY OF THIS ORDINANCE AND OTHER REQUIRED INFORMATION TO COUNTY AND STATE OFFICIALS AND OTHER TAXING ENTITIES; APPROVING THE SUMMARY OF THE ORDINANCE; AND PROVIDING AN EFFECTIVE DATE. BE IT ORDAINED BY THE MAYOR AND COUNCIL OF THE CITY OF CHUBBUCK, IDAHO WHEREAS, on or about April 11, 1992, by Resolution No. 4-92, the Chubbuck City Council ("City Council") and Mayor of the city of Chubbuck, Idaho ("City") created an urban renewal agency, the Chubbuck Urban Renewal Agency d/b/a Chubbuck Development Authority ("Agency"), authorizing it to transact business and exercise the powers granted by the Idaho Urban Renewal Law of 1965, Chapter 20, Title 50, Idaho Code, as amended (the "Law") and the Local Economic Development Act, Chapter 29, Title 50, Idaho Code, as amended (the "Act"), upon making the findings of necessity required for creating said Agency; WHEREAS, the City Council, after notice duly published, conducted a public hearing on October 27, 1992, on the Urban Renewal Plan Chubbuck Downtown Improvement Project (the "1992 Plan") to redevelop a portion of the City, pursuant to the Law and the Act; WHEREAS, the City Council, in response to the public hearing on October 27, 1992, by Resolution No. 11-92, amended City Council Resolution Nos. 4-92 and 7-92, to reduce the geographic boundaries of the revenue allocation area, which resulted in removal of the northern parcels from the proposed revenue allocation area; WHEREAS, following said public hearing, the City Council adopted its Ordinance No. 385 on October 27, 1992, approving the 1992 Plan and making certain findings; WHEREAS, the revenue allocation area boundaries were further administratively adjusted at the request of the Bannock County Assessor's Office by City Council Resolution No. 1-93, dated January 19, 1993, to avoid splitting parcels; WHEREAS, on or about November 23, 1998, the Agency, City, and the Bannock County Board of County Commissioners ("BOCC") and the Bannock County Assessor ("Assessor") (collectively the BOCC and Assessor may be referred to as `Bannock County") entered into the Intergovernmental Agreement with Respect to the Chubbuck Development Authority and its ORDINANCE 7. - 1 Urban Renewal Plan (the "IGA"), to address concerns generally related to the geographic size and value of the 1992 Plan revenue allocation area; WHEREAS, the parties to the IGA agreed to an informal partial deannexation from the 1992 Plan revenue allocation area by specifically listing the parcel numbers of the properties to remain within the revenue allocation area; all other parcels not listed were to be disregarded for purposes of calculating tax increment (revenue allocation). The Assessor continues to track the parcels included in thi1992 Plan revenue allocation area consistent with the terms of the IGA; WHEREAS, the boundary map and legal description of record with the State Tax Commission ("STC") were not updated to reflect the agreed upon changes in the IGA; WHEREAS, based on inquiries and information presented, it became apparent that certain property within the City may be deteriorating or deteriorated and should be examined as to whether such area is eligible for urban renewal planning purposes; WHEREAS, pursuant to Idaho Code § 50-2008, an urban renewal project may not be planned or initiated unless the local governing body has, by resolution, determined such area to be a deteriorated area or deteriorating area, or combination thereof, and designated such area as appropriate for an urban renewal project; WHEREAS, Idaho Code § 50-2906, also requires that in order to adopt an urban renewal plan containing a revenue allocation financing provision, the local governing body must make a finding or determination that the area included in such plan is a deteriorated area or deteriorating area; WHEREAS, the Agency commenced certain discussions concerning examination of a certain area as appropriate for an urban renewal project; WHEREAS, a Deterioration Study, dated April 24, 2015, examined an area in the City known as the Pine Ridge Mall Project Area for purposes of determining whether such area was a deteriorating or deteriorated area as defined by Idaho Code §§ 50-2018(9) and 50-2903(8); WHEREAS, the Agency accepted the Deterioration Study and submitted it to the City; WHEREAS, the City Council, by Resolution No. 02-2015, dated June 17, 2015, declared the Pine Ridge Mall Project Area described in the Deterioration Study to be a deteriorated or deteriorating area as defined by Chapters 20 and 29, Title 50, Idaho Code, as amended, that such area is appropriate for an urban renewal project and directed the Agency to commence preparation of an urban renewal plan for the area designated; WHEREAS, the City Council, after notice duly published, conducted a public hearing on the first Pine Ridge Mall Urban Renewal Plan (the "2015 Plan") to redevelop a portion of the City, pursuant to the Law and the Act; WHEREAS, following said public hearing, the City Council adopted its Ordinance No. 749 on October 21, 2015, approving the 2015 Plan and making certain findings; ORDINANCE 2 WHEREAS, the STC rejected the map and legal description for the 2015 Plan on the grounds and for the reasons that the properties to be included in the 2015 revenue allocation area were already included within the existing 1992 Plan revenue allocation area based on the map and legal description of record. As a result, the 2015 Plan was never made effective; WHEREAS, the Assessor confirmed that only two parcels included within the proposed 2015 Plan revenue allocation area were parcels specifically listed in the IGA, commonly referred to as the "Old CarMike" parcels; therefore, the Agency only currently receives increment revenue from the "Old CarMike" parcels; WHEREAS, based on extensive communications with representatives from the STC, Bannock County, the City, the Agency, and others, the parties agreed to resolve the issue by amending the 1992 Plan to deannex the entire geographic area of the proposed Pine Ridge Mall revenue allocation area from the existing 1992 Plan revenue allocation area including the Old CarMike parcels referenced above; WHEREAS, the plan amendment to deannex the necessary parcels and the proposed new plan for a new revenue allocation area are proceeding through the plan adoption process concurrently; WHEREAS, the Agency prepared the First Amendment to the 1992 Plan (the "First Amendment") to deannex certain parcels from the boundaries of the existing 1992 Plan revenue allocation area; WHEREAS, the Agency approved and adopted the First Amendment by Resolution No. 16-02, on July 29, 2016, finding it in the best interests of the Agency and the public to adopt the First Amendment, forwarding the First Amendment to the Mayor and City and recommending the First Amendment be adopted in accordance with the requirements of the Law and the Act; WHEREAS, the City Council after notice duly published, conducted a public hearing on August 3, 2016, on the First Amendment; WHEREAS, following said public hearing, the City Council adopted its Ordinance No. -15 on August 3, 2016, approving the First Amendment and making certain findings; WHEREAS, the geographic area described in the Deterioration Study continues to be a deteriorated or deteriorating area as defined by Chapters 20 and 29, Title 50, Idaho Code, as amended; WHEREAS, the Legislature of the state of Idaho has enacted the Act, authorizing urban renewal agencies, including the Agency, to adopt revenue allocation financing provisions as part of their urban renewal plans; WHEREAS, in order to implement the provisions of the Act and the Law, either the Agency may prepare a plan or any person, public or private, may submit such plan to the Agency; ORDINANCE - 3 WHEREAS, the Agency and its consultants have undertaken the planning process; WHEREAS, the Agency and its consultants have prepared a proposed Pine Ridge Mall Urban Renewal Area and Improvement Plan (the "2016 Pine Ridge Mall Plan") and the urban renewal area referred to as the Project Area ("Project Area") for the areas designated as eligible for urban renewal planning; WHEREAS, the final boundaries of the Project Area differ slightly from the area deemed eligible in the Deterioration Study. Examples of boundary adjustments include, but are not limited to: extension of the Project Area to the right-of-way in the north, the addition of Breneman Road, and slight adjustments to the boundary along Yellowstone Avenue; WHEREAS, the Deterioration Study identifies parcel information for eight (8) parcels included within the boundaries of the study area, which is updated, in part, to reflect parcel subdivision and the addition of the Breneman Road parcel as follows: RCPRM000206 (Herberger's), RCPRM000208 (Mall), RCPRIO00102 (Shopko), RCPRM000202 (Shopko), RCPRM000301 (Panda Express), RCCPCO29302 (Breneman Road), RCPRMOOO 100 (Clinic & Vacant), RCCRM000100/3 (Theater), RCPRI000I05 (Ring Road), RCSPR000500 (Shops), RCSPR000100 (Shops), RCSPR000200 (Shops) and RCSPR000300 (Shops); WHEREAS, to the extent necessary, the boundary adjustments and parcel identification updates are deemed to supplement the Deterioration Study, and the study area as supplemented meets the definition of deteriorated area and deteriorating area as set forth in Idaho Code §§ 50- 2018(8), (9) and 50-2903(8); WHEREAS, the adjustment to the boundary and updates concerning parcel identification have no impact on the original eligibility determination and findings made in the Deterioration Study as required by Idaho Code § 50-2008, which does not require an eligibility finding of each individual parcel; rather, a determination that the overall area is determined to be a deteriorated area or a deteriorating area; WHEREAS, the Project Area is eligible and appropriate for an urban renewal plan; WHEREAS, such proposed 2016 Pine Ridge Mall Plan also contains the provisions of revenue allocation financing as allowed by the Act; WHEREAS, the Agency Board considered all comment and information submitted to the Agency during several Board meetings and the Board meeting held on June 29, 2016; WHEREAS, on June 29, 2016, the Agency Board passed Resolution No. 16-01 proposing and recommending the approval of the 2016 Pine Ridge Mall Plan; WHEREAS, the Agency submitted the 2016 Pine Ridge Mall Plan to the Mayor and City; WHEREAS, the Mayor and City Clerk have taken the necessary action to process the 2016 Pine Ridge Mall Plan; ORDINANCE 15cl - 4 WHEREAS, notice of the public hearing of the 2016 Pine Ridge Mall Plan was published in the Idaho State Journal on July I and 8, 2016, a copy of said notice being attached hereto as Exhibit 1; WHEREAS, as required by Idaho Code §§ 50-2905 and 50-2906, the 2016 Pine Ridge Mall Plan contains the following information with specificity which was made available to the general public and all taxing districts prior to the public hearing on August 3, 2016, the regular meeting of the City Council, at least thirty (30) days but no more than sixty (60) days prior to the date set for final reading of the ordinance: (1) a statement describing the total assessed valuation of the base assessment roll of the revenue allocation area and the total assessed valuation of all taxable property within the municipality; (2) the kind, number, and location of all proposed public works or improvements within the revenue allocation area; (3) an economic feasibility study; (4) a detailed list of estimated project costs; (5) a fiscal impact statement showing the impact of the revenue allocation area, both until and after the bonds, notes and/or other obligations are repaid, upon all taxing districts levying taxes upon property in the revenue allocation area; (6) a description of the methods of financing all estimated project costs and the time when related costs or monetary obligations are to be incurred; (7) a termination date for the plan and the revenue allocation area as provided for in section 50-2903(20), Idaho Code. In determining the termination date, the plan shall recognize that the agency shall receive allocation of revenues in the calendar year following the last year of the revenue allocation provision described in the urban renewal plan; and (8) a description of the disposition or retention of any assets of the agency upon the termination date. Provided however, nothing herein shall prevent the agency from retaining assets or revenues generated from such assets as long as the agency shall have resources other than revenue allocation funds to operate and manage such assets; WHEREAS, appropriate notice of the 2016 Pine Ridge Mall Plan and the impact on the revenue allocation provision contained therein has been given to the taxing districts and to the public as required by Idaho Code §§ 50-2008 and 50-2906; WHEREAS, as of July 1, 2016, the 2016 Pine Ridge Mall Plan was submitted to the affected taxing entities, available to the public, and under consideration by the City Council; WHEREAS, at a meeting held July 12, 2016, the Chubbuck Land Use and Development Commission considered the 2016 Pine Ridge Mall Plan and found that the 2016 Pine Ridge Mall Plan is in all respects in conformity with the Comprehensive Plan. A copy of the Resolution of the Chubbuck Land Use and Development Commission Relating to the Pine Ridge Mall Urban Renewal Area and Improvement Plan for the Chubbuck Development Authority is attached hereto as Exhibit I WHEREAS, the City Council during its regular meeting on August 3, 2016, held the public hearing; WHEREAS, the 2016 Pine Ridge Mall Plan authorizes certain projects to be financed by revenue allocation bonds, or loans, and proceeds from revenue allocation; WHEREAS, it is necessary and in the best interest of the citizens of the City to adopt the ORDINANCE 75Ct - 5 2016 Pine Ridge Mall Plan, including revenue allocation financing provisions since revenue allocation will help finance urban renewal projects to be completed in accordance with the 2016 Pine Ridge Mall Plan, in order to: encourage private development in the urban renewal area; prevent and arrest decay of the City due to the inability of existing financing methods to provide needed public improvements; encourage taxing districts to cooperate in the allocation of future tax revenues arising in the urban renewal area in order to facilitate the long-term growth of their common tax base; encourage private investment within the City; and to further the public purposes of the Agency; WHEREAS, the City Council finds that the equalized assessed valuation of the taxable property in the Project Area is likely to increase, and continue to increase, as a result of initiation and continuation of urban renewal projects in accordance with the 2016 Pine Ridge Mall Plan; WHEREAS, under the Law and Act, any such plan should provide for (1) a feasible method for the location of families who will be displaced from the urban renewal area in decent, safe, and sanitary dwelling accommodations within their means and without undue hardship to such families; (2) the urban renewal plan should conform to the general plan of the municipality as a whole; (3) the urban renewal plan should give due consideration to the provision of adequate park and recreational areas and facilities that may be desirable for neighborhood improvement, with special consideration for the health, safety, and welfare of the children residing in the general vicinity of the site covered by the plan; and (4) the urban renewal plan should afford maximum opportunity, consistent with the sound needs of the municipality as a whole, for the rehabilitation or redevelopment of the urban renewal area by private enterprise; WHEREAS, the collective base assessment roll for the revenue allocation area under the 1992 Plan, as subsequently amended in 1998 pursuant to the terms of the IGA, and the 2016 Pine Ridge Mall Plan revenue allocation area, cannot exceed ten percent (10%) of the assessed value of the City; WHEREAS, the City Council at its regular meeting held on August 3, 2016, considered the 2016 Pine Ridge Mall Plan as proposed, and made certain comprehensive findings. NOW, THEREFORE, BE IT ORDAINED BY THE MAYOR AND COUNCIL OF THE CITY OF CHUBBUCK: SECTION 1: It is hereby found and determined that: (a) The Project Area as defined in the 2016 Pine Ridge Mall Plan, the boundaries of which are slightly larger than the boundaries originally deemed eligible in the Deterioration Study, is a deteriorated or a deteriorating area as defined in the Law and the Act and qualifies as an eligible urban renewal area under the Law and Act. (b) The rehabilitation, conservation, and redevelopment of the urban renewal area pursuant to the 2016 Pine Ridge Mall Plan are necessary and in the interests of public health, safety, and welfare of the residents of the City. ORDINANCE -1 -59 - 6 (c) There continues to be a need for the Agency to function in the City. (d) The 2016 Pine Ridge Mall Plan conforms to the Comprehensive Plan. (e) The 2016 Pine Ridge Mall Plan gives due consideration to the provision of adequate park and recreation areas and facilities that may be desirable for neighborhood improvement (recognizing the commercial component of the 2016 Pine Ridge Mall Plan and the need for overall public improvements) and shows consideration for the health, safety, and welfare of any residents or businesses in the general vicinity of the urban renewal area covered by the 2016 Pine Ridge Mall Plan. (f) The 2016 Pine Ridge Mall Plan affords maximum opportunity consistent with the sound needs of the City as a whole for the rehabilitation and redevelopment of the urban renewal area by private enterprises. (g) Pursuant to Idaho Code §§ 50-2007(h) and 50-2008(d)(1), the 2016 Pine Ridge Mall Plan provides a feasible method for relocation obligations and there is not anticipated to be any activity by the Agency that would result in relocation. (h) The collective base assessment roll for the revenue allocation area under the 1992 Plan, considering the 1998 IGA and as amended by the First Amendment to the 1992 Plan, and the new 2016 Pine Ridge Mall Plan revenue allocation area does not exceed ten percent (10%) of the assessed value of the City. (i) The 2016 Pine Ridge Mall Plan includes the requirements set out in Idaho Code § 50-2905. The 2016 Pine Ridge Mall Plan is sufficiently complete to indicate such land acquisition, demolition and removal of structures, redevelopment, improvements, and rehabilitation as may be proposed to be carried out in the urban renewal area, zoning and planning changes, if any, land uses, maximum densities, building requirements, and any method or methods of financing such plan, which methods may include revenue allocation financing provisions. (k) The urban renewal area, which includes the deteriorating area, as defined in Idaho Code section 50-2018(9), does not include any agricultural operation requiring written consent. (1) The portion of the Project Area which is identified for non-residential uses is necessary and appropriate to facilitate the proper growth and development standards in accordance with the objectives of the Comprehensive Plan to overcome economic disuse, the need for improved traffic patterns, and the need for the correlation of this area with other areas of the City. SECTION 2: The City Council finds that the 2016 Pine Ridge Mall Plan meets the sound needs of the City and will provide opportunities in an area that does not now contain such ORDINANCE '7Sq -7 opportunities, and nonresidential uses are necessary and appropriate to facilitate the proper growth and development standards in accordance with the objectives of the Comprehensive Plan, as may be amended, to overcome economic disuse, the need for improved traffic patterns, and the need for the correlation of this area with other areas of the City. SECTION 3: The 2016 Pine Ridge Mall Plan, a copy of which is attached hereto and marked as Exhibit 3 and made a part hereof by attachment, be, and the same hereby is, approved. As directed by the City Council, the City Clerk and/or the Agency may make certain technical corrections or revisions in keeping with the information and testimony presented at the August 3, 2016, hearing, and incorporate changes or modifications, if any. SECTION 4: No direct or collateral action challenging the 2016 Pine Ridge Mall Plan shall be brought prior to the effective date of this Ordinance or after the elapse of thirty (30) days from and after the effective date of this Ordinance adopting the 2016 Pine Ridge Mall Plan. SECTION 5: Upon the effective date of this Ordinance, the City Clerk is authorized and directed to transmit to the County Auditor and Tax Assessor of Bannock County and to the appropriate officials of School District 25, Portneuf Free Library, Bannock County Road & Bridge, Bannock County Ambulance, Mosquito Abatement, and the State Tax Commission a copy of this Ordinance, a copy of the legal description of the boundary of the area and a map or plat indicating the boundaries of the revenue allocation area. SECTION 6: The City Council hereby finds and declares the equalized assessed valuation of the Revenue Allocation Area, as defined in the 2016 Pine Ridge Mall Plan, is likely to increase as a result of the initiation and completion of urban renewal projects pursuant to the 2016 Pine Ridge Mall Plan. SECTION 7: The City Council hereby approves and adopts the following statement policy relating to the appointment of City Council members as members of the Agency's Board of Commissioners: If any City Council members are appointed to the Board, they are not acting in an ex officio capacity but, rather, as private citizens who, although they are also members of the City Council, are exercising their independent judgment as private citizens when they sit on the Board. Except for the powers to appoint and terminate Board members and to adopt the 2016 Pine Ridge Mall Plan, the City Council recognizes that it has no power to control the powers or operations of the Agency. SECTION 8: So long as any Agency bonds, notes or other obligations are outstanding, the City Council will not exercise its power under Idaho Code § 50-2006 to designate itself as the Agency Board. SECTION 9: So long as any Agency bonds, notes or other obligations are outstanding, the City Council will not modify the 2016 Pine Ridge Mall Plan in a manner that would result in a reset of the base assessment value to current value in the year modification occurs as further set forth in the Act. SECTION 10: This Ordinance shall be in full force and effect immediately upon its passage, approval, and publication and shall be retroactive to January 1, 2016, to the extent ORDINANCE -8 permitted by the Act. SECTION 11: The provisions of this Ordinance are severable, and if any provision of this Ordinance or the application of such provision to any person or circumstance is declared invalid for any reason, such declaration shall not affect the validity of remaining portions of this Ordinance. SECTION 12: At least one-half plus one of the City Council members finding good cause, the City Council hereby dispenses with the rule that this Ordinance be read on three different days, two readings of which shall be in full, and have hereby adopted this Ordinance, having considered it at one reading. SECTION 13: The Summary of this Ordinance, a copy of which is attached hereto as Exhibit 4, is hereby approved. SECTION 14: All ordinances, resolutions, orders, or parts thereof in conflict herewith are hereby repealed, rescinded, and annulled. SECTION 15: SAVINGS CLAUSE: This ordinance does not affect an action or proceeding commenced or right accrued before this ordinance takes effect. d. PASSED by the City Council of the city of Chubbuck, Idaho, on this '5i ` day of August 2016. i� APPROVED by the Mayor of the city of Chubbuck, Idaho, on this day of August 2016. Kevin B. England liayor ATTEST: Richard Morgan, City Merk First Reading: A "j a S �- 3, U 50-902. — Adopted after first reading by suspension of the Rule as allowed pursuant to Idaho Code Yes t/ No Second Reading: RIA Third Reading: ORDINANCE �_ -9 NA - STATE OF IDAHO ) . ss: County of Bannock ) On this 5 oy day of August, 2016, before me, the undersigned, a Notary Public in and for said State, personally appeared KEVIN ENGLAND and RICHARD MORGAN, known to me to be the Mayor and City Clerk, respectively of the City of Chubbuck, Idaho, and who executed the within instrument, and acknowledged to me that the City of Chubbuck executed the same. IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year first above written. Off (SEAL ?Q O rUi~ �rATEak..��\`,� ORDINANCE -10 Notary Public for Idaho v Residing at: GYw k ",-�- 1"d. -I My Commission Expires: 5- S z 41 Exhibit I NOTICE PUBLISHED IN THE IDAHO STATE JOURNAL PROOF OF PUBLICATION STATE OF IDAHO County of Bannock LN 23527 KAIZEN MASON being first duly sworn on oath deposes and says: that SITE was at all times herein mention a citizen of the United States of America more than 21 years of age, and the Principal Clerk of the Idaho State Journal, a daily newspaper, printed and published at Pocatello, Bannock County Idaho and having a general circulation therein. That the document or notice, a true copy of which is attached, was published in the said IDAHO STATE JOURNAL, on the following dates, to - wit: _July_01-2016July 2016 _Ju1y_08-2016_July 2016 _July 2016_July 2016 July 2016_July 2016 That said paper has been continuously and uninterruptedly published in said County for a period of seventy-eight weeks prior to the publication of said notice of advertisement and is a newspaper within the meaning of the laws of Idaho. STATE OF IDAHO �,Mawj,_ COUNTY OF BANNOCK On this 08th, of July in the year of 2016, before me, a Notary Public, personally appeared KAREN MASON Known or identified to me to be the person whose name subscribed to the within instrument, and being by me first duly sworn declared that the statements therein are true, and acknowledge to me that he executed the same. ry.of - Residing at Arimo exp. 3/312021 tSOTl�=t a- wy GUUMIL W I "r w i T ur wmo* nua, wmw, iv w,wwwc.. u c fUGU6MiAlJ.UEM@Aili iMBE)w RM1:STW9816 =ROEW11.1-=a l�i8W1H. 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M/ice anr#v wilt t DO dims,l fU itil ��y ik 61 � Wt�fi 61it109iH1i{+t id � � �� �� M tiMM ho"da DA1Mray941618. tht(i li t#, Exhibit 2 RESOLUTION OF THE CHUBBUCK LAND USE AND DEVELOPMENT COMMISSION RELATING TO THE PINE RIDGE MALL URBAN RENEWAL AREA AND IMPROVEMENT PLAN FOR THE CHUBBUCK DEVELOPMENT AUTHORITY RESOLUTION OF THE CHUBBUCK LAND USE AND DEVELOPMENT COMMISSION RELATING TO THE PINE RIDGE MALL URBAN RENEWAL AREA AND IMPROVEMENT PLAN FOR THE CHUBBUCK DEVELOPMENT AUTHORITY FOR THE CITY OF CHUBBUCK WHEREAS, the Chubbuck Urban Renewal Agency d/b/a the Chubbuck Development Authority (hereinafter "Agency") has submitted a proposed urban renewal plan entitled "Pine Ridge Mall Urban Renewal Area and Improvement Plan" (the "Plan") to the City of Chubbuck, and the City Council, through the Mayor, referred the Plan to the Chubbuck Land Use and Development Commission for review and recommendations concerning the conformity of said Plan with the Comprehensive Plan known as the City of Chubbuck Comprehensive Plan (the "Comprehensive Plan"}; and WHEREAS, the staff of the Land Use and Development Commission has reviewed said Plan and has determined that it is in all respects in conformity with the Comprehensive Plan; and WHEREAS, the Chubbuck Land Use and Development Commission met on July 12, 2016, to consider the Plan; and WHEREAS, the Chubbuck Land Use and Development Commission has reviewed said Plan in view of the Comprehensive Plan. NOW, THEREFORE, BE IT RESOLVED BY THE LAND USE AND DEVELOPMENT COMMISSION OF THE CITY OF CHUBBUCK, IDAHO: Section 1. That the Plan, submitted by the Chubbuck Development Authority and referred to this Commission by the City Council for review, is in all respects in conformity with the Comprehensive Plan. Section 2. That the Chairman of the Land Use and Development Commission by and hereby is authorized and directed to provide the Chubbuck City Council with a certified copy of this Resolution relating to said Plan. Section 3. That this Resolution shall be in full force and effect immediately upon its adoption and approval. PASSED by the Land Use and Development Commission of the City of Chubbuck, Idaho, this 12" day of July 2016. IG Vice -Chairman, Land Use and Development Commission 4920.30244404, v, I Exhibit 3 PINE RIDGE MALL URBAN RENEWAL AREA AND IMPROVEMENT PLAN The City of Chubbuck PINE RIDGE MALL Urba Renewal Area and Improvement Plan Ordinance No. , Adopted: August 3, 2016, Effective: August _, 20.6 43N7694 1 CITY OF CHUBBUCK Urban Renewal Area Improvement Plan ACKNOWLEDGEMENTS Chubbuck City Council Mayor Kevin England Annette Baumeister Joshua Ellis Melanie Evans Ryan Lewis Chubbuck Development Authority Chairman Thomas Nield Vice -Chairman Daniel Heiner Annette Baumeister Rick Keller Steven Hadley Deloy Stuart Mecinna Price Murban Renewal Area Improvement Plan I The City of Chubbuck 53397694,1 Table of Contents Page I. introduction Background Purpose of the Plan 11. Urban Renewal Area Description and Deteriorated or Deteriorating Conditions Analysis 111. Project Plan Project Description Public Development Ten Percent Limitation Relocation of Persons (Including Individuals and Families), Business Concerns, And Others Displaced by the Project IV. Economic Feasibility Study V. Conformance with State Law VI, Plan Duration VII. Amendment Procedures VIII. Disposition of Property IX. Severability X. Conclusion ATTACHMENTS Attachment 1: Resolution of the City Council Designating the Urban Renewal Area Attachment 2: Revenue Allocation Area Map Attachment 3: Revenue Allocation Area Legal Description Attachment 4: Recommendation of Chubbuck Land Use and Development Commission Attachment 5: Projected Construction Costs Attachment 6: Current Assessed Valuation and Mill Rate and Projected Assessed Value Increase Attachment 7: Twenty Year Revenue Projection Attachment 8: Estimated Twenty Year Revenue to Affected Taxing Districts Attachment 9: Site Map Showing Location of All Proposed Public Works Projects Attachment 10: Notice of Public Hearing Attachment 11: City Council Ordinance No. Approving the Urban Renewal Plan ® Urban Renewal Area improvement Plan I The City of Chuhbuck 53397694.1 1 1 3 4 4 4 5 6 6 7 9 9 9 9 9 10 I. INTRODUCTION The urban renewal agency for the city of Chubbuck d/b/a Chubbuck Development Authority ("CDA") was created by the city of Chubbuck ("City") on April 11, 1992, pursuant to Resolution 04-92, and consistent with the Idaho Urban Renewal Law of 1965, Chapter 20, Title 50, Idaho Code, as amended (the "Law"), and was granted authority by the City to undertake urban renewal projects which may be facilitated through the use of tax increment financing (revenue allocation) pursuant to the Local Economic Development Act, Chapter 29, Title 50, Idaho Code, as amended (the "Act"). The CDA helps to ensure that appropriate development takes place in areas of greatest need. Planning is essential to ensure that development efforts create both an environment of convenience and safety for neighborhood residents, and increase opportunities for businesses to succeed, This Urban Renewal Plan ("Plan") for the Pine Ridge Mall Project Area ("Project Area") (revenue allocation area and Project Area are used interchangeably throughout this Plan), once implemented, will be the vehicle to provide a more conducive atmosphere for business operation in the City, and will enhance opportunities for businesses wishing to relocate to the City. The Plan identifies specific projects and describes the process for enhancing the Project Area in the City through efforts of the CDA and the City. Background The Chubbuck City Council ("City Council"), by Resolution 02-2015, dated June 17, 2015, declared the Project Area to be deteriorated or deteriorating area pursuant to the Law and the Act, and recommended that the CDA pursue creating a plan and a Revenue Allocation Area for the purpose of remediating the existing deterioration and to prevent further deterioration (Attachment 1). On July 28, 2015, the CDA reviewed the 2015 Plan and recommended its adoption by the City Council. After notice and a public hearing, on October 21, 2015, the City Council held a public hearing on consideration and adoption of the 2015 Plan, and adopted the 2015 Plan by Ordinance No. 749. Following adoption of the 2015 Plan, the City submitted the necessary documentation to the State Tax Commission ("STC') as required by the Act and Idaho Code § 63-215. The STC rejected the proposed revenue allocation area as the parcels included within the revenue allocation area were included within the boundaries of an existing revenue allocation area established in 1992 by City Council Ordinance No. 385 on October 27, 1992, As a result, the 2015 Plan, and the corresponding revenue allocation area, never became effective, Following extensive discussions with representatives from the STC, Bannock County, the City, CDA and others, it was determined that the parcels to be included within the boundaries of Project Area were to be deannexed from the existing revenue allocation area. The procedural compliance with statutory requirements has no impact on the existing eligibility findings set forth in City Council Resolution 02-2015, dated June 17, 2015, which findings continue to support the creation of this Plan. ® Urban Renewal Area Mmprovernent Pian I The City of Chubbuck 53397694.1 This Project Area generally includes the Pine Ridge Mall Subdivision, the Pine Ridge Mall First Addition and the Shops at Pine Ridge Subdivision. The Project Area is generally bounded by Yellowstone Avenue on the east, Quinn Road on the south, continuing along the drainage ditch on the west and Interstate 86 on the north. The boundaries of the Project Area are defined in Attachments 2 and 3, the Revenue Allocation Area Map and Legal Description, respectively. in general, the Project Area is underdeveloped, underutilized and includes a failing shopping mall area. The Project Area is not being used to its highest and best use due to deteriorating structures, the age and obsolescence of infrastructure, the predominance of defective or inadequate street layouts, the need for modern traffic requirements, and insanitary and unsafe conditions. The foregoing conditions have arrested or impaired growth in the Project Area. Little investment has been made within the Project Area and infrastructure updates are required to generate future development. The Plan will primarily include improvements to public infrastructure, creating the framework for the development of commercial property and enhancement of public areas. To the extent necessary, this Plan gives due consideration to the provision of adequate park and recreational areas and facilities that may be desirable for neighborhood improvement, with special consideration for the health, safety and welfare of children residing in the general vicinity of the Project Area. The preparation and approval of this Plan, including a revenue allocation financing provision, gives the CDA and the City additional resources to solve the public infrastructure problems in this Project Area. Revenue allocation financing should help to improve the situation. In effect, property taxes generated by new developments within the Project Area may be used by the CDA to finance a variety of needed public improvements and facilities. The new developments may also generate new jobs in the community that would benefit the Project Area, the City and the County. The recommendation of the CDA, as outlined, is consistent with the goals of the City and is allowed by the Law and the Act. Accordingly, this Plan directs use of revenue allocation financing to accomplish the following: • The elimination of environmental deficiencies in the Project Area, including, among others, deteriorated and inadequate public improvements including certain streets and improvements, improvements to roadways, parking and traffic signals; sidewalk, curb and gutter improvements; improvements to public utilities including water and sewer improvements and fire protection systems; streetlights; other public improvements (including public buildings and facilities); removal, burying, or relocation of overhead utilities; extension of electrical distribution lines and transformers; improvement of irrigation and drainage ditches and laterals; improvement of storm drainage facilities and environmental remediation of Brownfield sites; • To facilitate proper growth and development in accordance with sound planning principles and local objectives by encouraging private development that eliminates deterioration and economic disuse of property • To eliminate underutilized areas which are causing economic under -development in the designated area, and/or substantially impairing the sound growth of City in general • To encourage both private and public development in the Project Area in order to diversify and improve the local economy by providing adequate public facilities • To accomplish plan goals in accordance with all appropriate federal, state, and local laws In accordance with the Law, the Plan was submitted to the City's Land Use and Development Commission. After consideration of the Plan at their meeting on July 12, 2016, the Commission made the following recommendation (Attachment 4): The proposed redevelopment of the Project Area as Urban Renewal Area Imp,•ovement Pian i The City of Chubbuck 53197694.1 described in this Plan conforms to the Chubbuck Comprehensive Plan, as amended, and adopted by the City Council. Purpose of the Plan The purpose of this Plan is to create a proactive approach to development/redevelopment projects by the CDA by focusing efforts in four areas: 1. Leveling or reducing the City's levy rate by increasing the tax base through more aggressive engagement in redeveloping underutilized areas; 2. Partnering with the private sector to enhance development and to attract new or expanded businesses to improve the City's economy; 3. Targeting areas in need of site improvements; 4. Utilizing more effectively the powers granted to the CDA in the pursuit of redevelopment activities. Such powers include: a. Carrying out urban renewal projects; b. Making and executing contracts and other instruments; c. Disseminating slum clearance and urban renewal information; d. Demolition and removal of building improvements; e. Acquisition of a deteriorated area or a deteriorating area or portion thereof; f. Disposition of any property acquired in the Urban Renewal Area, including sale, initial leasing or retention by the agency itself, at its fair value for uses in accordance with the Urban Renewal Plan; g. Repairing streets, roads, public utilities, storm sewer facilities, or other facilities; h. installing streets and street improvements, street landscaping, utilities, parks, trails, playgrounds, off-street parking facilities, public facilities, railroad crossings, railroad bridges, railroad underpasses, or other facilities, L Entering buildings or property to make inspections, surveys, appraisals, soundings or test borings; j. Acquiring by purchase, lease, option, gift, grant, bequest, devise, eminent domain or otherwise, any real property or personal for its administration purposes; k. Holding, improving, renovating, rehabilitating, clearing or preparing for redevelopment any such property or buildings; 1. Mortgaging, pledging, hypothecating or otherwise encumbering or disposing of any real property; m. Insuring or providing for the CDA of any real or personal property or operations of the municipality; n. Demolishing and removing structures on property; o. Investing urban renewal funds; p. Borrowing money and applying for and accepting advances, loans, grants, contributions, and any other form of financial assistance; q. Creating, modifying and executing plans which may include repair and rehabilitation of buildings and improvements; r. Conducting appraisals, title searches, survey, studies, and other plans and work necessary to prepare for the undertaking of urban renewal projects; s. Accepting and utilizing grants of funds from the federal governments. By adopting this Plan, it is the intention of the CDA to facilitate improvements in the designated Project Area and enhance the economic viability of the area. © urban Renewal Area Improvement Plan I The City of Chubbuck S3397695 1 It. URBAN RENEWAL AREA DESCRIPTION AND DETERIORATED OR DETERIORATING CONDITIONS ANALYSIS The boundaries of the urban renewal area and the revenue allocation area are concurrent. The map is located at Attachment 2 and the area is legally described in Attachment 3. The Law and the Act identify a number of conditions that qualify an area for urban renewal status. In addition to the narrative set forth above, the following presents an analysis and reason why the area should be included as part of a revenue allocation Project Area: The properties associated with the Project Area are in need of improvements to facilitate building and infrastructure enhancements and these needs have contributed to underutilization of the site for businesses and industry. This Project Area includes several site issues that impede redevelopment including: • Under -development of land which has detracted from the economic viability of the area • Deterioration of existing structures • Infrastructure limiting development of this site • Any combination of the above factors which has reduced the feasibility of full development of this area Without addressing these conditions, the feasibility of additional development in the Project Area in the near future would be limited. Additionally, the range of issues and the costs associated with redevelopment contributes to the ongoing underutilization of this area and prompts the additional need to establish the Project Area. PROJECT PLAN The eligible project costs associated with the project list outlined in this Plan may be funded (all or in part) by tax increment financing funds, as they become available, as a result of new construction or renovation. The CDA hereby adopts revenue allocation financing provisions as authorized by the Act, effective retroactively to January 1, 2016. These revenue allocation provisions shall apply to all taxing districts which are located in or overlap the revenue allocation area described on Attachments 2 and 3 to this Plan. The CDA specifically finds that the equalized assessed valuation of property within the revenue allocation area is likely to increase as a result of the initiation of the Project. A list of the projected construction costs eligible for reimbursement is located at Attachment 5, and is estimated to total $11,732,144. Elements of the list will be funded on a "reimbursement -as-you-go" for eligible costs based on 100% of the revenue allocated to CDA from the Project Area, through 2037, or until an amount not exceeding $11,732,144 has been reimbursed, whichever is earlier. The developer estimates an injection of $64,019,254 in private funds for renovation and upgrades in the Project Area. The detailed cost estimates for the project are located at Attachment 5. Project Description 1. CDA Reimbursement to Developer for Eligible infrastructure, Access, and Site Work -any necessary and eligible costs related to infrastructure enhancement, construction of facilities, upgrades of utilities, site preparation work, road enhancement, and other associated work to facilitate development in an amount not -to -exceed $11,732.144, ® Urban Renewal Area lmprovement Plan I The City of Chubbuck 53397544 Private Development — property owner/developer agrees to renovate interior and exterior of the mail complex and add exterior landscaping consistent with values and estimates as outlined in Attachment S. a. Typical costs for all improvements on private property shall be borne by the owner or developer indicated as "private development investment," with exception as shown in Attachment 5, including; i. CDA Investment is indicated as: 1. Renovation of parking lot lighting; 2. Parking lot rehab; 3. Demolition of deteriorated theater and diner, Public Development The CDA will provide cost reimbursement to the developer for eligible project costs dependent upon the actual tax increment realized on Bannock County's assessed valuation of the project property. The information contained in Attachments 6, 7 and 8 assumes certain completed and projected actions. Under the provisions of the Act, the revenue allocation shall continue until the debt or other obligations or other project activity is completed or satisfied subject to the statutory duration of this Plan. All debt is projected to be repaid no later than the duration period of the Plan. The total amount of the reimbursement and the amount of revenue generated by revenue allocation are dependent upon the extent and timing of private development. Should all of the development take place as projected, the project indebtedness could be extinguished earlier, dependent upon other legal obligations. Should private development take longer to materialize or should the private development be substantially less than projected, then the amount of revenue generated will be substantially reduced and debt may continue for its full term. The Plan and attachments incorporate estimates and projections based on the CDA's present knowledge and expectations. The Plan proposes certain public improvements, including utility and street improvements, which will facilitate development in the revenue allocation area. The assumptions set forth in Attachments 6, 7, and 8 are based upon the best information available to the CDA through public sources or discussions with property owners, developers, and others. The information has been analyzed by the CDA and Its consultants in order to provide an analysis that meets the requirements set forth under the Law and Act. As set forth herein, the CDA reserves the right to fund the Project on a "pay as you go" basis. The assumptions concerning revenue allocation proceeds are based upon certain assessed value increases and assumed tax levy rates. The CDA is not entitled to revenue from certain levies as set forth in Idaho Code § 50-2908. The information set forth in Attachments 6, 7, and 8 have taken that limitation into account in its financial analysis. House Bill 315 adopted by the 62" Idaho Legislature amended Idaho Code § 63-602KK, and provides for personal property tax exemption to businesses. Application of the exemption may have the effect of reducing the increment value and the base value. The CDA, for this Project Area, will not receive any backfill funds from the State to replace revenue lost by the imposition of the personal property tax exemption. Urban Renewal Area Improvement Plan i The City of Chubbuck 53397694.1 The amount of funds available to the CDA from revenue allocation financing is directly related to the assessed value of new improvements within the revenue allocation area. Under the Act, the CDA is allowed the revenue allocation generated from inflationary increases and new development value, increases have been assumed based upon the projected value of new development as that development occurs along with possible land reassessment based on a construction start. Attachments 6.7 and 8, with the various estimates and projections, constitutes an economic feasibility study. Costs and revenues are analyzed, and the analysis shows the need for public capital funds during the project. This Study identifies with specificity the kind, number, and location of all proposed public works or improvements, a detailed list of estimated project costs, a description of the methods of financing all estimated project costs, and the time when costs or monetary obligations are to be incurred. See Idaho Code § 50-2905. Based on these funding sources, the conclusion is that the project is feasible. The information contained in the Study assumes certain projected actions. Under the provisions of the Act, the revenue allocation may continue until the end of the Plan term. The total amount of indebtedness and the amount of revenue generated by revenue allocation is dependent upon the extent and timing of private development. Should the development take place as projected, indebtedness would be extinguished earlier, dependent upon the note documents and legal obligations therein. Should private development take longer to materialize or should the private development be substantially less than projected, then the amount of revenue generated will be substantially reduced and legal obligations may continue for their full term. Attachment 5 list those public improvements the CdA intends to reimburse through the term of the Pian. The costs of improvements are estimates only. Final costs will be determined by an agreement between the developer/owner and CDA. The listing of public improvements does not commit the CDA to any particular improvement, any particular cost, or any particular order of construction. Ten Percent limitation The 2015 Net Market Value of the City is $704,628,526. The revenue allocation areas may take up to 10% of the total valuation of the City. Ten percent is equal to $70,462,852 maximum. Consistent with the 1998 agreement between the GDA, the City and Bannock County a base value for the existing revenue allocation area established in 1992 is $15,191, 851. The 2016 Pine Ridge Mail Urban Renewal base value is $21,036,154. These two combined equal $36,228,005, which is less than the base 10% limitation value of $70,462,852. Relocation of Persons (Including Individuals and Families), Business Concerns and Others Displaced by the Proiect The CDA's activities in the Project Area should not result in relocation activities. in the event the CDA's activities result In displacement, the CDA, to the extent allowed by law and consistent with Idaho Code §§ 50-2007(h) and 50-2008(d)(1), shall compensate such residents by providing reasonable moving expenses into decent, safe, and sanitary dwelling accommodations within their means and without undue hardship to such families. The CDA will not participate in any private redevelopment activity which will result in displacement of families unless a method exists for the relocation of displaced families in decent, safe, and sanitary dwelling accommodations within their means and without undue = Urban Renewal Area improvement Plan I The City of Chubbuck ;31976941 hardship to such families. For any other activity, the CDA will comply with the provisions of the Law regarding relocation. For displacement of families, the CDA shall comply with, at a minimum, the standards set forth in the Law. The CDA shall also comply with all applicable state laws concerning relocation benefits. if such a program is considered, it shall be adopted by resolution of the CDA Board. IV. ECONOMIC FEASIBILITY STUDY The 2015 tax levies for each of the seven affected taxing districts overlapping the revenue allocation area are as follows: Taxing Jurisdictions Tax Levy Levy Subject to TIF Bannock County 0.00528202 .005263818 City of Chubbuck 0.009933799 .009933799 School District 25 0.004422426 .000000000 Portneuf Free Library 0.000579006 .000579006 Bannock County Road & Bridge 0.000850532 .000850532 Bannock County Ambulance 0.000398922 .000398922 Mosquito Abatement 0.000035503 .000035503 Total 0.021502208 .017061580 Attachment 6 provides projections of base -assessed valuations for the proposed revenue allocation area. An analysis of the tax levy rates applied in Attachment 7 outlines the net increase in tax revenue potential from the estimated assessed values post construction. Attachment 7 provides an analysis of the estimated revenue to the CDA directly attributable to the anticipated development that would not occur but for the establishment of the revenue allocation area. It is assumed the levy rates will remain constant throughout the duration of the Plan. The base assessed value for the Project Area is based upon the current County Assessor's valuation of the property as of June 2015. The net revenue to be collected and distributed to the CDA is consistent with Idaho Code § 50-2908, recognizing the CDA does not receive revenue from all levies. The revenue that could be received by the CDA over the duration of the Plan is estimated at approximately $8,664,764. This amount will be used to finance public improvement projects within or adjacent to the revenue allocation area, as allowed by the Law and the Act. Attachment 8 sets forth the impact of the revenue allocation area upon each affected taxing district. Each taxing district will continue to receive an allocation of property tax revenues on the base assessment roll values. This Attachment does not consider future voter approved levies or bonds that would flow directly to the taxing district based on Idaho Code § 50-2908. A specific delineation of tax dollars generated by revenue allocation upon each taxing district has not been prepared. The overall impact of the revenue allocation project is shown in Attachment 7, Pursuant to Idaho Code, Section 63-802, taxing entities are constrained in establishing levy rates by a function of the amount each budget of each taxing district can increase on an annual basis. The amounts set forth in Attachment 7 would constitute the amounts distributed to other taxing entities ® Urban Renewal Area Improvement Plan I The City of Chubbuck 53397694.1 from the Revenue Allocation Area if there were no urban renewal project. Each individual district's share of that amount would be determined by its particular levy rate as compared to the other districts in any given year. Therefore, the impact of revenue allocation is more a product of the imposition of Section 63-802 than the creation of the Project Area. The assessed value for each property in a revenue allocation area consists of a base value and an increment value. The base value is the assessed value as of January 1 of the year in which a revenue allocation area is approved by a municipality, with periodic adjustments allowed by Idaho law. The increment value is the difference between the base assessed value and current assessed value in any given year while the property is in a revenue allocation area. Under Section 63-802, Idaho Code, taxing entities are constrained in establishing levy rates by the amount each budget of each taxing district can increase on an annual basis. Taxing entities submit proposed budgets to the County Board of Commissioners, which budgets are required to comply with the limitations set forth in Section 63-802, Idaho Code. The County Board of Commissioners calculates the levy rate required to produce the proposed budget amount for each taxing entity using the assessed values which are subject to each taxing entity's levy rate. Assessed values in urban renewal districts which are subject to revenue allocation (incremental values) are not included in this calculation. The combined levy rate for the taxing entities is applied to the incremental property values in a revenue allocation area to determine the amount of property tax revenue which is allocated to an urban renewal agency, The property taxes generated by the property values in the urban renewal districts that are not subject to revenue allocation and by properties outside revenue allocation areas are distributed to the other taxing entities. Properties in revenue allocation areas are subject to the same levy rate as they would be outside a revenue allocation area. The difference is how the revenue is distributed. In addition, without the Revenue Allocation Area and its ability to pay for public improvements and public facilities, fewer substantial improvements within the Revenue Allocation Area would be expected in the next five to ten years; hence, there would be lower increases in assessed valuation to be used by the other taxing entities. if the overall levy rate is less than as assumed, the CDA shall receive fewer funds from revenue allocation. One result of Section 63-802, Idaho Code and Section 63-301A, Idaho Code is the likely reduction of the levy rate as assessed values increase for property within each taxing entity's jurisdiction. if the overall levy rate is less than as assumed, the CDA shall receive fewer funds from revenue allocation. Section 63- 301A, Idaho Code, prohibits taxing entities from including, as part of the new construction roll, the Increased value related to new construction within a revenue allocation area until the revenue allocation authority is terminated. Any new construction within the Project Area is not available for inclusion by the taxing entities to increase their budgets. less tax revenue will be available to those taxing entities. Upon termination of this Plan, the taxing entities will be able to include the accumulated new construction roll value in setting the following year's budget and revenue from such value is not limited to the three percent increase allowed in Section 63-802(1)(a). Generally, the impact on the taxing entities would be to determine the CDA's projected revenue, set forth in Attachment 7, and disburse those funds in the same ratio as the respective levy rates in the Revenue Allocation Area of each taxing district, Attachments 6, 7 and 8 have made certain assumptions concerning the levy rate. The levy rate is estimated to remain constant for the duration of the Plan. The annual increment value is expected to Urban Renewal Area Improvement Plan I The City of Chubbuck $339769-11 increase by approximately 1% a year. If the overall levy rate is less than projected, the CDA shall receive fewer funds from revenue allocation. As noted above, the levy rate is net of any voter approved levies. V. CONFORMANCE WITH STATE LAW Redevelopment activities for the revenue allocation area are governed by the Law and the Act. The Plan proposed within this document follows the guidelines prescribed by Law and the Act for the development of an urban renewal and revenue allocation area. VI. PLAN DURATION This Plan shall be effective, and the provisions of other documents formulated pursuant to this Pian, shall be effective for twenty (20) years from the effective date of the Plan subject to modifications and/or extensions set forth in Idaho Code § 50-2904. The revenue allocation authority will expire on December 31, 2036, except for any revenue allocation proceeds received in calendar year 2037, as contemplated by Idaho Code § 50-2905(7). This Plan shall terminate no later than December 31, 2036, except for revenues which may be received in 2037. Idaho Code § 50-2093(5) provides the CDA shall adopt a resolution of intent to terminate the revenue allocation area by September 1. In order to provide sufficient notice of termination to the affected taxing districts to allow them to benefit from the increased budget capacity, the CDA will use its best efforts to provide notice of its Intent to terminate this Plan and its revenue allocation authority by May 1, 2037, or if the CDA determines an earlier terminate date, then by May 3 of the early termination year: VII. AMENDMENT PROCEDURES This Plan may only be amended or modified pursuant to Idaho Code §§ 50-2008 and 50-2906, subject to consent of the developer identified in any reimbursement agreement or any other lender accepting a pledge of revenue allocation funds to secure an outstanding obligation. The City and CDA acknowledge that this Plan is subject to Idaho Code § 50-2903A, and a modification to this Plan by City Ordinance may result in a reset of the base assessment roll values of the parcels within the Project Area to the current year's equalized assessed values resulting in an immediate loss of revenue risking default on any outstanding CDA obligations. VI It. DISPOSITION OF PROPERTY Upon termination of the revenue allocation authority of the Plan, to the extent the CDA owns or possesses any assets, the CDA shall dispose of any remaining assets by granting or conveying or dedicating such assets to the applicable local entity, or may retain assets or revenues generated from such assets as allowed by Idaho Code § 50-2905(8). iX. SEVERABILITY if any part of the Plan is declared contrary to Idaho Code, and any provision or application of such provision to any person or circumstance is declared invalid for any reason, such declaration shall not affect the validity of any remaining provisions of the Plan. Urban Renewal Area Improvement Plan I The Cityof Chubbuck 33397691.1 X. CONCLUSION The Pian is designed to ameliorate deteriorating conditions which are causing economic under- development of the area and substantially impairing the sound and continued growth of the City. The Plan calls for new public infrastructure, site construction, right-of-way improvements and new building construction. Implementation of the Plan will provide the capacity necessary to foster sound growth of the municipality, increase the tax base and tax revenues, encourage economic stability of the community, increase job creation, and improve the health, safety, and welfare of the community. The CDA recommends that the City approve and cooperate in carrying out the purposes of this Plan 4827.6556.3955, v. 2 MUrban Renewal Area Improvement Plan I The City of Chubbuck 53397694. i Attachment Resolution ofthe City Council Designating the Urban Renewal Area CITY OF CHUBBUCK, IDAHO RESOLUTION N0, i-•2015 A RESOLU 11ON Of THE CITY OF CHUBBUCK, A MUNICIPAL CORPORATION OF THE STATE OF IDAHO,, MA)MM FINDINGS THAT DST139I0RATED ANDIDR DETBRlt.7142ING AREAS EXIST WITHIN THE CITY, DESCRIBING THE BOtDARiES OF'tJiH TIE 'ERIOR,4T%D Af`3DlOR DETBR?O1 TING AREAS, DI;CLARINEiA N BD FOR AN W. AN I;t]�i (ESWAL PLAN AND A At VEX M. &LLOCATION AREA FOR STJOH ARZAS, AND DECLA lNG AN E FBCTIVE DATE The City of Chubbuck C'Ciy) is an.ldsho tniuilbipal coi7ori tion with the altthokity to declaro-all cat a portion of its city limits as a deteriorated. or datctiotating 4 as pwtsugnt to the , Idaho Urban Renewal Lew of 1965 (codified as Chapter 20, Titlt 50, Idaho Codd); The City of on April 11, 1992, pursuant to Resolution 4,92, crated an urbati renewal agency purft4nt to Title 50, Chapter 2Q Idaho Code, whioh Is tho t huybuck Urban Renewal Agency ('Agency); T1ie Chubbuok City Cduncil,, Afler..reviewirig-a Detorioratioo Study dated Aprit 24,2015 o iho >iing Ridge' iwiall,. Lias dctptmine d that there are addidonAl Areas of datedontoa 4tidltsr deteriorating.areas within the City and;such areas should.be so dedered-by the City in order for the Ageticy 0, ptegate an uAan.renowal plan for sticli areas, The Chi brbuek City CoaQii.desires tate Agency to prepare 00 uroan renewal plan -to remediate such existing deterioration and prevent €uture dater ioration, in order to protect the public lidelth, sai'ety, molls and welfare of the residents of the=ioipality. NOW THRUPOU D' IT X88OLVLD BY THE CITY COUNCIL OF THE CITY OF CHUB13UCK AS FOLLOWS: Section 1, There Is an area within the city limits of -Cir City of Chulibuck'that is datcriorawd and/or deteriorating;as defined in Idaho Code §50.2018 e)'and (9), PS hepitl described without limitation: A. An area to which thetc is a pr;,dominance of bulidings.or iniptoveruetto, wheiher residential or noa residenflni, which byreasoa ofdilapidatiott of deter'tQra0dn, Ago or obsolescence; Inadequate provision fcr ventilation, light, air, sanitatlon, gr open spaces, and the existeacc of conditions which endanget life or property by fire or other cpuses are detrimental to the publics he01,4atoty and weffate. B. An area which by rite rouson of tiw-presence of a substantial number of deteriorated or delerictrafing strucMes, predottlinauce bf defective of itta.dequate RPOLOT1oN • Yig3 t}u bEiek�S1 �7Snwluuaa(pina Olga MC)aapd s(raot layout, P,,Vlt.y lot hiyout in relation to accessibility 0.1 usefulness, unsatilt.cry or unsafe conditions, dateribratioll of site or other improvements, diversity rifoymcrellip, detective or unusual condlrjontof title and the dest=46 ohoWitiOns whitli 06d4op, life pr,proporty by flfa'or OthOr Oiusos results 14 eqo;iAMJit: ond e.vqlop lu &.-9 th: sound.pnimth of the City, constitutes si-coopomic or social liability and Is a menace to tli6 public, health, safety; jnorjI3 or w:lfuo..;n ks-piwent condition and Vote. C. An area m4ito"y-roason.of the pro5enco of wboAtial mrftor tf,4046010tod, or deterlora'UngistrUetmet, predmirinanct otdoffeative or InedA.quate street layout, faulty tot'fP-)*ft hi Watidn to size adequacy, fictbWbIlity unsanitary or tim4fexonditions, d5tQrIDrAtlQ11 ofifte. or other l'mpmtm%t% diversity ofowitaship, dehctivo or unusual conAltlogsoftitre anti ,tbevyJstento of coridifions; which endanger lifs.orpi-operiybyATeor. atliurauseamsJlts in or-irmststlis sound growth, of tht-City, constiMosian a Indnacote the pitbliqq With, safety, morals orwelfare in Its WiWe, Secdon2. The AiO orf rletoriorailon op. detoribratihg-dandhni aid located within the: following ;1=66ed plaited dt to be platted sOWi'vislorq: Pine Ridge Mail Subdivision PjAPRIdge Moll Virst.Addition Shops at Pine Ridge Subdivision (Shottl3lat.townfli 4pptov0) 8action 3. It is neudsar an rd y for the Agency to draft an urban plan or plans or to ropiedigto tho existing",doloriorttlop and to provarit NtDrt dottrioration and -the Apiicy Is hor4y ditotedto do so. &ctioriil. That IhO AZCT1OY is A 13D. beroby di=ted to cfeato a revenue all ocittlon finanding provision, as pArt ofilie u0ah renewal plan fat the arca. Section 5, This resolution shall. be 46t9tive,upori gdop&n, Passed by the Council mid A -pt A -oved by tho Mayor on Acoe ff 2015. Ke'vill B, BACIand. AVEST, - — RichatVorgan, 'ty Clerk Attachment 2 Revenue Allocation Area Map Attachment 3 Revenue Allocation Area Legal Description IF 1111`x. Engineers - Surveyors * Planners 301 581h St. W. 0138 • it%Vston, ND 58801 + (70ff 572.01 fO BOO F. Oak $t. + Pocatello, !D 8320! * /208/ 224.OfiO www.rmes.blz LEGAL DESCRIPTION A TRACT OF LAND LOCATED IN THE SOUTHWEST QUARTER OF SECTION 15, TOWNSHIP 6 SOUTH, RANGE 34 EAST, BOISE MERIDIAN, BANNOCK COUNTY, IDAHO. COMMENCING AT THE SOUTH QUARTER CORNER OF SECTION 10, TOWNSHIP 6 SOUTH, RANGE 34 EAST, BOISE MERIDIAN, SAID CORNER BEING MARKED BY AN ITD MONUMENT INSIDE A STANDARD CITY MONUMENT VAULT AS PER CORNER PERPETUATION AND FILING INSTRUMENT NUMBER 21510138; THENCE NORTH 89'58'20" WEST, ALONG THE SOUTH LINE OF SAID SECTION 10, A DISTANCE OF 0.74 FEET; THENCE NORTH 00°29'31" WEST A DISTANCE OF 25.00 FEET TO THE SOUTHEAST CORNER OF THE SHOPS AT PINE RIDGE SUBDIVISION RECORDED IN THE RECORDS OF BANNOCK COUNTY UNDER INSTRUMENT NUMBER 21514610, SAID POINT BEING THE POINT OF BEGINNING; THENCE NORTH 89'58120" WEST ALONG THE SOUTHERLY BOUNDARY LINE OF SAID SHOPS AT PINE RIDGE SUBDIVISION, A DISTANCE OF 217.99 FEET TO THE SOUTHWEST CORNER OF SAID SHOPS AT PINE RIDGE SUBDIVISION; THENCE NORTH 00033'35" WEST ALONG THE WESTERLY BOUNDARY LINE OF SAID SHOPS AT PINE RIDGE SUBDIVISION, A DISTANCE OF 5.00 FEET TO THE SOUTHEAST CORNER OF THE PINE RIDGE MALL SUBDIVISION RECORDED IN THE RECORDS OF BANNOCK COUNTY UNDER INSTRUMENT NUMBER 657825; THENCE NORTH 89°58'20" WEST ALONG THE SOUTHERLY BOUNDARY LINE OF SAID PINE RIDGE MALL SUBDIVISION, A DISTANCE OF 472.47 FEET, THENCE NORTH 00°01'40" EAST A DISTANCE OF 101.00 FEET; THENCE NORTH 52'31'20" WEST A DISTANCE OF 316.61 FEET; THENCE SOUTH 45°03'40" WEST A DISTANCE OF 24.59 FEET; THENCE NORTH 53'15'45" WEST A DISTANCE OF 763.55 FEET; THENCE NORTH 53'20'23" WEST A DISTANCE OF 464.67 FEET; THENCE NORTH 00'22'07" WEST A DISTANCE OF 291.11 FEET; THENCE SOUTH 89'59'36" WEST A DISTANCE OF 636.20 FEET TO A POINT ON THE EAST RIGHT- OF-WAY LINE OF HAWTHORNE ROAD; Focused on Solutions Civil t Environmental 4 rransportatlon 0 Planning 0 Land Development M Municipal i Surveying THENCE NORTH 00"16'16" WEST, ALONG SAID EAST RIGHT-OF-WAY, A DISTANCE OF 50.00 FEET; THENCE LEAVING SAID EAST RIGHT-OF-WAY AND HEADING NORTH 89"59'39" EAST A DISTANCE OF 916.54 FEET; THENCE NORTH 00°00'58" EAST A DISTANCE OF 1109.38 FEET TO A POINT ON THE SOUTHERLY RIGHT-OF-WAY LINE OF INTERSTATE 86; THENCE SOUTH 89°19'43" EAST, ALONG SAID SOUTHERLY RIGHT-OF-WAY LINE, A DISTANCE OF 374.23 FEET; THENCE SOUTH 80`26`56" EAST A DISTANCE OF 254.59 FEET; THENCE LEAVING SAID SOUTHERLY RIGHT-OF-WAY LINE AND HEADING SOUTH 37°54'22" EAST A DISTANCE OF 827.89 FEET; THENCE SOUTH 47°00'00" EAST A DISTANCE OF 57.14 FEET TO A POINT ON THE NORTH RIGHT- OF-WAY LINE OF BRENEMAN ROAD; THENCE SOUTH 89°57'19" EAST, ALONG SAID NORTH RIGHT-OF-WAY LINE, A DISTANCE OF 461.92 FEET TO A POINT ON THE WEST RIGHT -OF WAY LINE OF YELLOWSTONE AVENUE; THENCE SOUTH 00°02'41" WEST, ALONG SAID WEST RIGHT-OF-WAY LINE, A DISTANCE OF 50.00 FEET; THENCE SOUTH 00`01'27" WEST A DISTANCE OF 804.55 FEET; THENCE SOUTH 00'32'08" EAST A DISTANCE OF 272.40 FEET TO A POINT ON THE NORTHERLY BOUNDARY LINE OF SAID SHOPS AT PINE SUBDIVISION; THENCE SOUTH 89'58'20" EAST, ALONG THE NORTHERLY BOUNDARY LINE OF SAID SHOPS AT PINE RIDGE SUBDIVISION, A DISTANCE OF 20.44 FEET TO THE NORTHEAST CORNER OF SAID SHOPS AT PINE RIDGE SUBDIVISION; THENCE SOUTH 00°29'31" EAST, ALONG THE EASTERLY BOUNDARY LINE OF SAID SHOPS AT PINE RIDGE SUBDIVISION, A DISTANCE OF 600.00 FEET TO THE POINT OF BEGINNING. f l Focused on Solutions������',� Civil f Environmental F Transportation t Planning P Land development t Municipal+ Surveying Attachment 4 Recommendation of Chubbuck Land Use and Development Commission RESOLUTION OF THE CHUBBUCK LAND USE AND DEVELOPMENT COMMISSION RELATING TO THE PINE RIDGE MALL URBAN RENEWAL AREA AND IMPROVEMENT PLAN FOR THE CHUBBUCK DEVELOPMENT AUTHORITY FOR THE CITY OF CHUBBUCK WHEREAS, the Chubbuck Urban Renewal Agency d/b/a the Chubbuck Development Authority (hereinafter "Agency") has submitted a proposed urban renewal plan entitled "Pine Ridge Mall Urban Renewal Area and Improvement Plan" (the "Plan") to the City of Chubbuck, and the City Council, through the Mayor, referred the Plan to the Chubbuck Land Use and Development Commission for review and recommendations concerning the conformity of said Plan with the Comprehensive Plan known as the City of Chubbuck Comprehensive Plan (the "Comprehensive Plan"); and WHEREAS, the staff of the Land Use and Development Commission has reviewed said Plan and has determined that it is in all respects in conformity with the Comprehensive Plan; and WI IEREAS, the Chubbuck Land Use and Development Commission met on July 12, 2016, to consider the Plan; and WHEREAS, the Chubbuck Land Use and Development Commission has reviewed said Plan in view of the Comprehensive Plan. NOW, THEREFORE, BE IT RESOLVED BY THE LAND USE AND DEVELOPMENT COMMISSION OF THE CITY OF CHUBBUCK, IDAHO: Section 1. That the Plan, submitted by the Chubbuck Development Authority and referred to this Commission by the City Council for review, is in all respects in conformity with the Comprehensive Plan. Section 2. That the Cliairrnan of the Land Use and Development Commission by and hereby is authorized and directed to provide the Chubbuck City Council with a certified copy of this Resolution relating to said Plan. Section 3. That this Resolution shall be in full force and effect immediately upon its adoption and approval, PASSED by the Land Use and Development Commission of the City of Chubbuck, Idaho, this 12'h day of July 2016. Vice -Chairman, Land Use and Development Commission 4820-301-44404, v, i Attachment 5 Projected Construction Costs Pine Ridge Mall Infrastructure and lmprover}Seots Pr .3tct t3sc11b1nc 2i13 NO. ;:117 ,u lA 1619 Si.2n,2635 TWO C-1 farbh1: Its Ik41CItT.nIm Ctnitl Rtarnal,Ab Parkf.el I,w Pc Www, Rny. 9a51t RM1xnuJlu S 2S( ravl f 23+1,[61 f 2%'1,IkY1 Scctcr Iks. PcSVIMbt ,ltd tokl6l S 3-147 L01)S 3rq.IM 5 - Ptakrng Lm LISv g ko.m.- S I'M INK S 6Jn,:11111 S I,MI1zf�) 4 1,+Irk 1.4%1 h h1n0 LM Rn.1tr 3 31.41:.1 5 613,6191 S 6ISn%7 S J6gr+It1 1 1 U5,M11 i 5715 L" S 5,2l S,C4N/ Panting Prcstnmlex s aU,tcl., 3 N.6fid1h 9 TM -co) S '511,494! 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W1 Owto!7.714'.6 S 3,2(0.617) t 1,30.0!6 s 1.1—%JdI SW, S -t TA % ](01.3 S 7106,6117 S 311,120 3 3!1,.102 S (102.7V 3 V11111 s - lldrreMA,%iTr S9Pr U, Wm% s 4101I)I3 S 43),1`,% S Oki" S 47-1,.514 S 9,d74,PF3 5 0+•93 t.a16 S - CsmiNp:a:T S 113,(961 5 ut 6;}1 Y 33,163 s 39,611 S 3':,7113+7 S 756.591 S J.395651 S UW s :,415,[95 S 4n0�nfw7 S t-221.3!0 s 1114,515 S kllvaIS IS.Oa-X,dis S i3OAit+lf4: 5C6 CnP6 $1.t ll'tak rngirtenng f In 944 S t9l),%) S 40134 s 1371 t.^ S 21,367 3 4LH.Rt6 $ +t9J}76 S Mi R" 337 ArJdr!•.wrt i 11Y.bk5 3 31,041 S 161149 f 10,!71 S 461li6o S 4N1,YIP S - B.Ni[aatF1:64 Lt411 3 2.160; S 25;7'q # 33'rP S 25`,14'. f 1437[ s 23.1X[• S 175)366 s Au vrilug S 35,1'.@ S 15;1991 S I3j" 5 15,11401 S IS.AIM 5 15,003 s IDjltk} s , D—kwP- S 227.[11 5 534.111 s t9iFlth S 2905115 s 11,191 5 1.357,322 S LIM-1314 s - F+a.K.vCbe 3 11.,1:i s 6VOTY s I3k,Y-N s 3inJIIit S 61,Nn2 s 1-}1,42 s 23'1+5(✓+ Y - fia.levrylCARdeA6 -w ,.f ti S 554.141 S 13_1'05 S 9,1,411'. S 39.647 3 29.295 s 133,973 s 04149 5 a12,9MSc4o hdmin.yra!nt.tTrlkuld S 47 W, 5 221.645 S :G,2NI f IW �u s 31,545 S 51..,129 S [114!241/ s - COntmgra� s 5:445 11 f 9 ;Ug S 3? an'6 f 11,704 S 15,493 s 2211 Wl S 4712.61E 3 - t-1 S II'M 027 s I,i %I W$ 5 7+1:.27: s t„n 1.970 5 )1!,,M4 f ?41,913 S i%#T ai3 3 5451%94 9rxd TAM S 5t •7.}%: S fl h4+2.`47 S 4116.9,2 S 7.!1,333 S t 4!X7.903 S 31,901,362 S 1.1119;214 S 5!:732.144 •Ali.111 LN6i If— CAilna"..R a6v1 Y+d1%Adljic9 tc mnlx?+aKd e61lc +Iw4cn?am--cd W i:!7 2 Attachment 6 Current Assessed Valuation and (Mill Rate and Projected Assessed Value Increase Bannock County 0.005282020 0.0000182020 0.005263818 City ofChubbuck 0.009933799 0 0.009933799 School District 25 0.004422426 0.0044224260 0 Portneuf Free Library 0.000579006 0 0.000579006 Bannock County Road &. Bride 0.000850532 0 0.000850532 Bannock County Ambulance 0.000398922 0 0.000398922 Abatement 0.000035503 0 0.000035503 Total 0.021502208 0.004440625 0.017061580 RCPRM000206 (Herber er's) $ 2,254,774 RCPRM000208 (Mall) $ 7,719,300 RCPR1000102 (Sho ko) $ 4,555,348 RCPRM000202 (Sho ko) $ 649,220 RCPRM000301 (Panda Express) S 1,200,412 RCCPCO29302 (Breneman Road) $ 1,500 RCPRM000100 (Clinic & Vacant) $ 1,639,000 RCCRM000100/3 jheatcr $ 1,420,900 RCPR1000105 (Ring Road) $ 1,500 RCSPR000500 (Shops) $ 35,900 RCSPR000100 (Shops) $ 629,800 RCSPR000200 (Shops) $ 509,800 RCSPR000300 (Shops) $ 418,700 Total $ 21,036,154 User Mall Expansion Square Fee 55000 Assessed S N"alue Per SF 60 Tot, S -fl Assessed Value 3,300,000 Theater/Theater Expansion 42300 S 85 S 3,595,500 Pad Site 1 6000 $ 350 $ 2,100,000 Pad Site 2 3000 $ 450 S 1,350,000 Pad Site 3 4500 S 350 $ 1,575.000 Pad Site 4 5100 $ 350 $ 1,785,000 Pad Site 5 4900 $ 350 $ 1,715,000 Pad Site 6 5800 $ 350 $ 2,030,000 Pad Site 7 7500 $ 250 $ 1,875,000 Pad Site 8 1800 $ 450 $ 810,000 Mall Outlot Building 40620 S 60 S 2,437,200 Total New $ 22,572,700 52MM22.2 Attachment 7 Twenty Year Revenue Projection Projections without Shops at Pine Ridge t Base $ 21,036,154 $ 21,036,154 $ - 2 $ 21.036,154 S 43,608,854 $ 385,126 3 $ 21,036.154 $ 44.044,943 $ 392,566 4 $ 21,036,154 $ 44,485,392 $ 400,081 5 $ 21,036, l 54 $ 44,930,246 $ 407,671 6 $ 21,036,154 $ 45,379,548 S 415,337 7 $ 21,036,154 $ 45,833,344 $ 423,079 8 S 21,036,154 $ 46,291,677 S 430,899 9 $ 21,036,154 $ 46,754,594 S 438,797 10 $ 21,036,154 S 47,222,140 $ 446,774 11 $ 21,036,154 S 47,694,361 S 454,831 12 $ 21,036,154 S 48,171,305 $ 462,969 13 5 21,036,154 $ 48,653,018 $ 471,187 14 S 21,036,154 $ 49,139,548 $ 479,488 15 $ 21.036,154 S 49,630,944 $ 487,872 16 $ 21,036,154 S 50.127,253 $ 496,340 17 S 21,036,154 $ 50,628,526 S 504,893 18 $ 21,036,154 $ 51,134,811 $ 513,531 19 $ 21,036,154 $ 51,646,159 $ 522,255 20 $ 21,036,154 $ 52,162,621 S 531,067 Total: $ 8,664,764 NPV: 5.50010 $ 4,877,228 Annual Increase in Assessed Value; I% ?961145 2 Attachment 8 Estimated Twenty Year Revenue to Affected Taxing Districts 52961252 2 Year 1 Hase $ Assessed Vallse 21,036,154 No% $ Assessed Value 21,036,154 $ Blannock C4 [I n (v 111,113 ('11(lblitick $ cit) of 208,969 School $ Districl 25 9731 hirtnellf S Free Library 12,180 ComitY S Patinock Road 17,892 $ flaymock Counq 8,392 Abatement $ 747 2 $ 21,036,154 $ 43,608,854 $ 111,524 $ 208,969 $ 192,857 S 12,180 $ 17,892 $ 8,392 S 747 "3 $ 21,036,154 $ 44,044,943 $ 111,532 $ 208,969 $ 194,785 S 12,180 $ 17,892 $ 8.392 S 747 4 $ 21,036,151 $ 44,485,392 $ 111,340 $ 208,969 $ 196,733 S 12,180 $ 17,892 $ 8,392 S 747 5 $ 21,036,154 $ 44,930,Z46 $ 111,548 $ 208,969 $ 198,701 S 12,180 $ 17,892 $ 8.392 $ 747 6 $ 21,036,154 $ 45,379,548 $ 111,556 $ 208,969 $ 200,688 $ 12,180 $ 17,892 $ 8392 S 747 7 $ 21,036,154 $ 45,833,344 S 111,565 $ 208,969 $ 202,695 $ 12,180 $ 17,892 S 8,392 S 747 8 $ 21,036,154 $ 46,291,677 S 111,573 $ 208,969 $ 204,722 `}" 12,180 $ 17,892 $ 8,392 S 747 9 $ 21,036,154 $ 46,754,594 S 111,582 $ 208,969 $ 206,769 $ 12,180 $ 17,892 $ 8.392 S 747 10 $ 21,036,154 $ 47,222,140 S 111,590 $ 208,969 $ 208,836 $ 12,180 $ 17,892 S 8,392 S 747 11 S 21,036,154 $ 47,694,361 S 111,599 $ 208,969 $ 210,925 $ 12,180 $ 17,892 $ 8,392 $ 747 12 S 21,036,154 S 48,171,305 S 111,607 $ 208,969 S 213,034 $ 12.180 $ 17,892 S 8392 S 747 13 S 21,036,154 $ 48,653,018 $ 111,616 $ 208,969 S 215,164 $ 12,180 $ 17,892 S 8,392 S 747 14 S 21,036154 S 49,139,548 S 111,625 S 208,969 S 217,316 $ 12,180 $ 17,892 5 8,392 S 747 15 S 21,036,154 S 49,630,944 $ 111,634 S 208,969 $ 219,489 $ 12,180 S 17,892 S 8,392 5 747 16 S 21,036,154 S 50,1.27,253 $ 111,643 S 208,969 $ 221,684 $ 12,180 $ 17,892 $ 8392 S 747 17 S 21,036,154 S 50,628,526 $ 111,652 S 208,969 $ 223,901 S 12,180 $ 17,892 S 8,392 $ 747 I8 $ 21,036,154 S 51,134,811 $ 111,661 S 208,969 $ 226,140 $ 12,180 $ 17,892 $ 8,392 $ 747 19 $ 21,036,154 $ 51,646,159 $ 111,671 S 208,969 $ 228,401 $ 12,180 $ 17,892 $ 8,392 $ 747 20 $ 21,036,154 $ 52,162,621 $ 111,680 $ 208,969 $ 230,685 S 12,180 $ 17,892 $ 8,392 $ 747 I's�taL $ 2,231,512 $ 4,179,3379 1 $ 4,106,556 5 243,601 S 357,838 $ 167,836 $ 14,937 52961252 2 Attachment 9 Site Map Showing Location of All Proposed Public Works Projects m jrw a Av m Attachment 10 Notice of Public Hearing PROOF OF PUBLICATION STATE OF IDAHO County of Bannock LN 23527 KAREN MASON being first duly sworn on oath deposes and says: that SHE was at all times herein mention a citizen of the United States of America more than 21 years of age, and the Principal Clerk of the Idaho State Journal, a daily newspaper, printed and published at Pocatello, Bannock County Idaho and having a general circulation therein. That the document or notice, a true copy of which is attached, was published in the said IDAHO STATE JOURNAL, on the following dates, to- wit: —July_OI-2016_July 2016 _July_04_2016_JuIy 2016 _July 2016_July 2016 _July _ 2016_July 2016 That said paper has been continuously and uninterruptedly published in said County for a period of seventy-eight weeks prior to the publication of said notice of advertisement and is a newspaper within the meaning of the laws of Idaho. STATE OF IDAHO xfNQ'-'G� COUNTY OF BANNOCK On this 08th. of July in the year of 2016, before me, a Notary Public, personally appeared KAREN MASON Known or identified to me to be the person whose name subscribed to the within instrument, and being by me first duty sworn declared that the statements therein are true, and acknowledge to me that he executed the same. MN ry,of Publi V01rt.' t - Residing at Arimo exp. 3/3!202 t a N 1'1 rt y ......q... ... * NOTICE Of NEGUU M manic nm runjurmnnFm vi roc CITY COUNCIL OF THE CRY OF CHMBUp(,1OAH0. TO CONOM THE PINE R@OE MALL ORM RfMf6WA1. ANO WORONEftElii' RM FOR THE Mf PINE RINE MALL ORBIM REMMUAL PRU CT OF THE M11 SUCK U1111WI ROWM AGM LIMB NOW AS MWMCR ONMOPMEIfF WHORRY KME 1 HEREBY OMN that the tMyr Cowell ("City Councir of Bic CRY of owbbudt {"C wl WIN lwld, during b rapUW M$dAg, B pubk tNerWg In Cky Cooed) C1122 a, 616CYeBoYw$W4 AymA Chu *Wk idahe, oa WWnee ay, August 0, 2016, at 0PWPbn�Oyp.M., to consipd�er foradopW go 2016 ftRMCa MB B 0on as kf deee bautida N1t er Ridge Mal " F"d and The Wma Do" ded "i tiw j The P016 Pine Ridpo pati Plan beirp coneldated for ed oordpMrs a revenue a0oration taendnp provbion purwerd to fhe l ocat Esornnik OrvtioDefenl A+ t tepbrr 20, Title 60, IdahD Cody (fhr "Act'► that w$ cause rty tames raeWdnp hm any lnmw h ettusNaad m aced vatudloo to efa ees aF the ataraMad vahratien u ahomf an the fjae aa,essmant rah as at Jaragry 1, 201 6, to be doW*O to me AQanay for udm renes) purposes. The ADm* hU adopted and rammnmended f ppr0lf11 of lk 2016 Pint Rldge Mall Plam The City Council wig *a be 0XVIderhig go brat fhrough third tooklpwt an Ordloo a to edopl the 2016 Pine Ridge Mall Plan at ow hog 3,20A Wig. I Tim general scope sod d*dlms of the 2016 Phe Ridge Mail P len W. --_ t •.n.,_..J� ,., A. e..t .r A. 6AL4 d w smnaw ,i6"n h"V Am2w ml Uts hriure 017: t m, t 0 part., Ma dey tltmuph f nft and 7. s.rn sktd 11 �d0 # ttL Off iifOhlOkhf Oi tiBpdsirlr the wO bei old kt t► taCAlEiI, AN InlomaUN pr 10 OW 11194 00 dim lle e n td m Mgt a intm no# by pefflOns or Imp�misrfla; lrf6 r�tM al ►ray+ f+re ts�Isltncl by Colltadi sl tr llfwrf �rlflr fa Ufr 1166thf�, dlr f w oppor�and Im INd Wtplod Dommefillll ft be be dkected tO dt+�ly Cfefk of Cttdthuek, Wrlltan +cOmmm�wtlp shfldd hf su6mi#idl f (�} days+ pylar to1>sr IlOfrtl� rJRlkr fiA1dD June x�, t�19, Ricard NOW, 011y Cink Attachment 11 City Council Ordinance No. Approving the Urban Renewal Plan Exhibit 4 SUMMARY OF ORDINANCE NO. �" CITY OF CHUBBUCK SUMMARY OF ORDINANCE NO. 759 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CHUBBUCK, IDAHO, APPROVING THE PINE RIDGE MALL URBAN RENEWAL AREA AND IMPROVEMENT PLAN, WHICH PLAN INCLUDES REVENUE ALLOCATION FINANCING PROVISIONS; AUTHORIZING THE CITY CLERK TO TRANSMIT A COPY OF THIS ORDINANCE AND OTHER REQUIRED INFORMATION TO COUNTY AND STATE OFFICIALS AND OTHER TAXING ENTITIES; APPROVING THE SUMMARY OF THE ORDINANCE; AND PROVIDING AN EFFECTIVE DATE. BE IT ORDAINED BY THE MAYOR AND COUNCIL OF THE CITY OF CHUBBUCK, IDAHO: SECTION 1: It is hereby found and determined that: (a) The Project Area as defined in the Pine Ridge Mall Urban Renewal Area and Improvement Plan (the "2016 Pine Ridge Mall Plan"), the boundaries of which are slightly larger than the boundaries originally deemed eligible in the Deterioration Study, is a deteriorated or a deteriorating area as defined in the Idaho Urban Renewal Law of 1965, Chapter 20, Title 50, Idaho Code, as amended (the "Law") and the Local Economic Development Act, Chapter 29, Title 50, Idaho Code, as amended (the "Act") and qualifies as an eligible urban renewal area under the Law and Act. A Summary of the 2016 Pine Ridge Mall Plan is set forth below. The full text of the Ordinance and the 2016 Pine Ridge Mall Plan are available at the offices of the City Clerk, located at the Chubbuck City Hall, 5160 Yellowstone Avenue, Chubbuck, Idaho 83202. (b) The rehabilitation, conservation, and redevelopment of the urban renewal area pursuant to the 2016 Pine Ridge Mall Plan are necessary and in the interests of public health, safety, and welfare of the residents of the City. (c) There continues to be a need for the Agency to function in the City. (d) The 2016 Pine Ridge Mall Plan conforms to the Comprehensive Plan. (e) The 2016 Pine Ridge Mall Plan gives due consideration to the provision of adequate park and recreation areas and facilities that maybe desirable for neighborhood improvement (recognizing the commercial component of the 2016 Pine Ridge Mall Plan and the need for overall public improvements) and shows consideration for the health, safety, and welfare of any residents or businesses in the general vicinity of the urban renewal area covered by the 2016 Pine Ridge ORDINANCE SUMMARY - Mall Plan. (f) The 2016 Pine Ridge Mall Plan affords maximum opportunity consistent with the sound needs of the City as a whole for the rehabilitation and redevelopment of the urban renewal area by private enterprises. (g) Pursuant to Idaho Code §§ 50-2007(h) and 50-2008(d)(1), the 2016 Pine Ridge Mall Plan provides a feasible method for relocation obligations and there is not anticipated to be any activity by the Agency that would result in relocation. (h) The collective base assessment roll for the revenue allocation area under the 1992 Plan, considering the Intergovermnental. Agreement with Respect to the Chubbuck Development Authority and its Urban Renewal Plan (the "IGA"), dated November 23, 1998, which reduced the size of the revenue allocation area, and as amended by the First Amendment to the 1992 Plan, and the new 2016 Pine Ridge Mall Plan revenue allocation area does not exceed ten percent (10%) of the assessed value of the City. (i) The 2016 Pine Ridge Mall Plan includes the requirements set out in Idaho Code § 50-2905. The 2016 Pine Ridge Mall Plan is sufficiently complete to indicate such land acquisition, demolition and removal of structures, redevelopment, improvements, and rehabilitation as may be proposed to be carried out in the urban renewal area, zoning and planning changes, if any, land uses, maximum densities, building requirements, and any method or methods of financing such plan, which methods may include revenue allocation financing provisions. (k) The urban renewal area, which includes the deteriorating area, as defined in Idaho Code section 50-2018(9), does not include any agricultural operation requiring written consent. (1) The portion of the Project Area which is identified for non-residential uses is necessary and appropriate to facilitate the proper growth and development standards in accordance with the objectives of the Comprehensive Plan to overcome economic disuse, the need for improved traffic patterns, and the need for the correlation of this area with other areas of the City. SECTION 2: The City Council finds that the 2016 Pine Ridge Mall Plan meets the sound needs of the City and will provide opportunities in an area that does not now contain such opportunities, and nonresidential uses are necessary and appropriate to facilitate the proper growth and development standards in accordance with the objectives of the Comprehensive Plan, as may be amended, to overcome economic disuse, the need for improved traffic patterns, and the need for the correlation of this area with other areas of the City. SECTION 3: The 2016 Pine Ridge Mall Plan, a copy of which is attached hereto and marked as Exhibit 3 and made a part hereof by attachment, be, and the same hereby is, approved. As directed by the City Council, the City Clerk and/or the Agency may make certain technical corrections or revisions in keeping with the information and testimony presented at the August 3, 2016, hearing, and incorporate changes or modifications, if any. SECTION 4: No direct or collateral action challenging the 2016 Pine Ridge Mall Plan shall be brought prior to the effective date of this Ordinance or after the elapse of thirty (30) days from and after the effective date of this Ordinance adopting the 2016 Pine Ridge Mall Plan. SECTION 5: Upon the effective date of this Ordinance, the City Clerk is authorized and directed to transmit to the County Auditor and Tax Assessor of Bannock County and to the appropriate officials of School District 25, Portneuf Free Library, Bannock County Road & Bridge, Bannock County Ambulance, Mosquito Abatement, and the State Tax Commission a copy of this Ordinance, a copy of the legal description of the boundary of the area and a map or plat indicating the boundaries of the revenue allocation area. SECTION 6: The City Council hereby finds and declares the equalized assessed valuation of the Revenue Allocation Area, as defined in the 2016 Pine Ridge Mall Plan, is likely to increase as a result of the initiation and completion of urban renewal projects pursuant to the 2016 Pine Ridge Mall Plan. SECTION 7: The City Council hereby approves and adopts the following statement policy relating to the appointment of City Council members as members of the Agency's Board of Commissioners: If any City Council members are appointed to the Board, they are not acting in an ex officio capacity but, rather, as private citizens who, although they are also members of the City Council, are exercising their independent judgment as private citizens when they sit on the Board. Except for the powers to appoint and terminate Board members and to adopt the 2016 Pine Ridge Mall Plan, the City Council recognizes that it has no power to control the powers or operations of the Agency. SECTION 8: So long as any Agency bonds, notes or other obligations are outstanding, the City Council will not exercise its power under Idaho Code § 50-2006 to designate itself as the Agency Board. SECTION 9: So long as any Agency bonds, notes or other obligations are outstanding, the City Council will not modify the 2016 Pine Ridge Mall Plan in a manner that would result in a reset of the base assessment value to current value in the year modification occurs as further set forth in the Act. SECTION 10: This Ordinance shall be in full force and effect immediately upon its passage, approval, and publication and shall be retroactive to January 1, 2016, to the extent permitted by the Act. SECTION 11: The provisions of this Ordinance are severable, and if any provision of this Ordinance or the application of such provision to any person or circumstance is declared ORDINANCE SUMMARY - 3 invalid for any reason, such declaration shall not affect the validity of remaining portions of this Ordinance. SECTION 12: At least one-half plus one of the City Council members finding good cause, the City Council hereby dispenses with the rule that this Ordinance be read on three different days, two readings of which shall be in full, and have hereby adopted this Ordinance, having considered it at one reading. SECTION 13: The Summary of this Ordinance, a copy of which is attached hereto as Exhibit 5 is hereby approved. SECTION 14: All ordinances, resolutions, orders, or parts thereof in conflict herewith are hereby repealed, rescinded, and annulled. SECTION 15: SAVINGS CLAUSE: This ordinance does not affect an action or proceeding commenced or right accrued before this ordinance takes effect. 2016. PASSED by the City Council of the city of Chubbuck, Idaho, on this 3rd day of August APPROVED by the Mayor of the city of Chubbuck, Idaho, on this 3rd day of August EXHIBITS TO THE ORDINANCE Exhibit 1 Notice Published in the Idaho State Journal Exhibit 2 Resolution of the Chubbuck Land Use and Development Commission Relating to the Pine Ridge Mall Urban Renewal Area and Improvement Plan for the Chubbuck Development Authority Exhibit 3 Pine Ridge Mall Urban Renewal Area and Improvement Plan Exhibit 4 Ordinance Summary SUMMARY OF 2016 PINE RIDGE MALL PLAN The 2016 Pine. Ridge Mall Plan was prepared by the Agency pursuant to the Law, the Act, and all applicable laws and ordinances and was approved by the Agency. The 2016 Pine Ridge Mall Plan provides for the Agency to undertake urban renewal projects pursuant to the Law and the Act. The 2016 Pine Ridge Mall Plan contains a revenue allocation financing provision pursuant to the Act that will cause property taxes resulting from any increases in equalized assessed valuation in excess of the equalized assessed valuation as shown on the original base assessment roll as of January 1, 2016, to be allocated to the Agency for the urban renewal purposes. ORDINANCE SUMMARY - 4 The general scope and objectives of the 2016 Pine Ridge Mall Plan are: • improvements to roadways, parking and traffic signals; sidewalk, curb and gutter improvements; improvements to public utilities including water and sewer improvements and fire protection systems; streetlights; other public improvements (including public buildings and facilities); removal, burying, or relocation of overhead utilities; extension of electrical distribution lines and transformers; improvement of irrigation and drainage ditches and laterals; improvement of storm drainage facilities; and environmental remediation of brownfield sites; • To facilitate proper growth and development in accordance with sound planning principles and local objectives by encouraging private development that eliminates deterioration and economic disuse of property • To eliminate underutilized areas which are causing economic under -development in the designated area, and/or substantially impairing the sound growth of City in general • To encourage both private and public development in the Project Area in order to diversify and improve the local economy by providing adequate public facilities • To accomplish plan goals in accordance with all appropriate federal, state, and local laws Any such land uses as described in the 2016 Pine Ridge Mall Plan will be in conformance with zoning for the City and the Comprehensive Plan, as adopted by the City Council. Land made available will be developed by private enterprises or public agencies as authorized by law. The 2016 Pine Ridge Mall Plan identifies various public and private improvements which may be made within the Project Area. The Project Area herein referred to is located generally as follows: An area consisting of approximately the Pine Ridge Mall Subdivision, the Pine Ridge Mall First Addition, and the Shops at Pine Ridge Subdivision. The Project Area is generally bounded by Yellowstone Avenue on the east, Quinn Road on the south, continuing along the drainage ditch on the west, and Interstate 86 on the north. The legal description of the 2016 Pine Ridge Mall Plan revenue allocation area is fully set forth in Ordinance No. 759. The Project Area is also depicted in the map below. ORDINANCE SUMMARY - 5 Section III specifically describes the proposed redevelopment actions, participation opportunities and agreements, cooperation with public bodies, property acquisition standards and requirements, relocation, demolition, and property disposition. The 2016 Pine Ridge Mall Plan also contains an economic feasibility study. Among other sources, the 2016 Pine Ridge Mall Plan will utilize revenue allocation financing authorized by the Act. Section N, Attachments 6-8, discuss revenue allocation financing and show how such financing has worked and would work in the Project Area in the future if certain new private developments occur as estimated. Increases in assessed valuation of real and personal property in the Project Area that occur after January 1, 2016, will generate revenue for the Agency to pay project costs. Project costs include street improvements, infrastructure enhancements, utility upgrades, site preparation, environmental remediation, and other public improvement costs. The assessed valuation of real and personal property on the base assessment roll is still available for use by the other taxing districts, School District 25, Portneuf Free Library, Bannock County Road & Bridge, Bannock County Ambulance, and Mosquito Abatement to finance their operations. The 2016 Pine Ridge Mall Plan authorizes the Agency to reimburse the developer for eligible project costs using revenue allocation funds. ORDINANCE SUMMARY - 6 The program outlined in the 2016 Pine Ridge Mall Plan emphasizes the installation of needed public improvements, street improvements, utility work, and other costs to encourage private development. Attachments 6-8 describe in detail the cost and financing methods for complete repayment of the developer investment in the Project and to also fund the additional described activities. No change in the land use designation or the potential uses in the area have been proposed. The 2016 Pine Ridge Mall Plan follows the underlying zoning classifications of the City. The duration of the 2016 Pine Ridge Mall Plan is for twenty (20) years. A termination date is set forth in Section VI of the 2016 Pine Ridge Mall Plan. The Agency is required to prepare an annual report each year describing its activities during the previous year. ATTACHMENTS TO THE PINE RIDGE MALL PLAN Attachment 1: Resolution of the City Council Designating the Urban Renewal Area Attachment 2: Revenue Allocation Area Map Attachment 3: Revenue Allocation Area Legal Description Attachment 4: Recommendation of Chubbuck Land Use and Development Commission Attachment 5: Projected Construction Costs Attachment 6: Current Assessed Valuation and Mill Rate and Projected Assessed Value Increase Attachment 7: Twenty Year Revenue Projection Attachment 8: Estimated Twenty Year Revenue to Affected Taxing Districts Attachment 9: Site Map Showing Location of All Proposed Public Works Projects Attachment 10: Notice of Public Hearing Attachment 11: City Council Ordinance No. 759 Approving the Urban Renewal Plan The full text of Ordinance No. 759 and the 2016 Pine Ridge Mall Plan are available at the offices of the City Clerk located at the Chubbuck City Hall, 5160 Yellowstone Avenue, Chubbuck, Idaho 83202. A modified version of this summary was approved by the Chubbuck City Council at its meeting of August 3, 2016. L Thomas Holmes, City Attorney for the City of Chubbuck, Idaho, hereby declare and certify that in my capacity as City Attorney of the City of Chubbuck, pursuant to Idaho Code Section 50-901A(3) of the Idaho Code as amended, I have reviewed a copy of the above Summary of Ordinance, have found the same to be true and complete, and said Summary of ORDINANCE SUMMARY - 7 Ordinance provides adequate notice to the public of the contents, including the exhibits, of Ordinance No. 759. DATED this 3rd day of August 2016. 4816-3278-9301, v. 3 ORDINANCE SUMMARY - 8 City of Chubbuck August 25, 2016 SEPARATE LETTERS TO THE STATE TAX COMMISSION, THE BANNOCK COUNTY AUDITOR, THE RECORDER OF BANNOCK COUNTY, AND BANNOCK COUNTY ASSESSOR RE: 2016 Pine Ridge Mall Urban Renewal Area and Improvement Plan As provided for under Idaho Code Sections 50-2907 and 63-215, and Rule 225 of the Property Tax Administrative Rules IDAPA 35.01.03.225.02, you are being provided copies of the following recorded documents for filing: 1. Chubbuck Ordinance No. 759 and Summary of Ordinance No. 759 (without exhibits or attachments) approving the 2016 Pine Ridge Mall Urban Renewal Area and Improvement Plan ("Pine Ridge Mall Plan"), which plan contains a revenue allocation area. The City Council approved the Ordinance at its meeting of August 3, 2016. The Mayor signed the Ordinance on August 3, 2016. Publication of the Ordinance occurred on August 19, 2016. 2. A legal description of the Pine Ridge Mall Plan Area and Revenue Allocation Area, which areas are coterminous. 3. A map showing the boundaries of the Pine Ridge Mall Plan Area and Revenue Allocation Area. Please file these documents in your official records. Please be advised that the contact person for the Chubbuck Development Authority is Thomas Holmes, Chubbuck City Attorney, P.O. Box 967, Pocatello, Idaho, 83204, 208-232- 5911. Should you desire a copy of the entire Pine Ridge Mall Plan and its attachments, copies can be obtained from Rich Morgan, Chubbuck, Idaho 83202. Sincerely, Richard Morgan, City Clerk Enclosures cc: Thomas Holmes Ryan P. Armbruster 4840-5181-9062, v. 1