HomeMy WebLinkAbout2016-001 Chubbuck Development AuthorityRESOLUTION OF THE CHUBBUCK DEVELOPMENT AUTHORITY
AND RESOLUTION No. 2016-01 OF THE CHUBBUCK CITY COUNCIL
WHEREAS, The Chubbuck Development Authority was created April 11, 1992 by
resolution of the Chubbuck City Council;
WHEREAS, By Intergovernmental Agreement executed October 27, 1998 by the
Chubbuck Development Authority and the City of Chubbuck and November 23, 1998 by the
Bannock County Commissioners ("Intergovernmental Agreement "), the Chubbuck Development
Authority and Bannock County resolved certain issues with the Chubbuck Urban Renewal Plan
that had been adopted by the City of Chubbuck by Ordinance No. 385;
WHEREAS, The Intergovernmental Agreement designated specific properties lying
within the City of Chubbuck that would be used for purposes of the Revenue Allocation District.
Chubbuck and the Chubbuck Development Authority now believe it is in the best interests of the
City and the Development Authority to adopt a policy setting forth the criteria by which a
developer could request and be granted reimbursement of certain improvements made within the
Chubbuck Urban Renewal District from funds derived from the Chubbuck Revenue Allocation
District;
WHEREAS, the City of Chubbuck and the Chubbuck Development Authority adopted
Resolution 5-2008 dated August 12, 2008 establishing criteria for a developer to receive
reimbursement of development costs;
WHEREAS, by Ordinance No. 749, the City of Chubbuck adopted the Pine Ridge Mall
Urban Renewal Area Plan ("Plan");
RESOLUTION OF THE CHUBBUCK DEVELOPMENT AUTHORITY AND THE CHUBBUCK CITY COUNCIL - Page I
chubbuck 1103 15 city & Wa resolutiomwpd
WHEREAS, the City of Chubbuck and the Chubbuck Development Authority believe a
greater reimbursement percentage is appropriate given the anticipated size and economic impact
of the Plan and the level of assistance provided by the developer in putting together the Plan and
that few if any of the proposed improvements will have to maintained by the City;
Now therefore be it resolved by Mayor and City Council of the City of Chubbuck and the
Chubbuck Development Authority as follows:
I . Resolution 5-2008 is reaffirmed for all developers other than the developer that
will be implementing the Plan.
2. Development done in accordance with the Pine Ridge Mall Urban Renewal Area
Plan shall be eligible for reimbursement of 100% of the approved costs, less any expenses of the
City or Chubbuck Development Authority,
PASSED BY THE CHUBBUCK DEVELOPMENT AUTHORITY AND THE CITY
COUNCIL AND APPROVED BY THE MAYOR ONC
2016.
ATTEST:
Richard Morgan, CityS'lerk
RESOLUTION OF THE CHUBBUCK DEVELOPMENT AUTHORITY AND THE
chubbuckG61 808.msofution
-16'& D
kevin B. Englan&,'tayor
'A
Chubbuck Development Authority