HomeMy WebLinkAbout2018-04RESOLUTION 2018-04 OF THE CHUBBUCK DEVELOPMENT AUTHORITY
WHEREAS, The Chubbuck Development Authority was created April 11, 1992 by
resolution of the Chubbuck City Council;
WHEREAS, The Chubbuck Development Authority believes 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
proposed Urban Renewal Areas associated with the Northgate Interchange, Tyhee Road
Extension and Creative Community Zoned Development from funds derived from the proposed
Revenue Allocation District;
Now therefore be it resolved by the Chubbuck Development Authority as follows:
1. The following criteria shall be applied in determining whether or not a developer
may be granted reimbursement from funds derived from the proposed Revenue Allocation
District for improvements made by the developer:
A. The developer must be improving property that is included within the
proposed / adopted Revenue Allocation District. Only the properties
within the Revenue Allocation District are qualified under this resolution.
B. Reimbursement would be considered for improvements in C1, C2, I zoned
developments that are beneficial to the public and which would ultimately
be taken over and maintained by the City of Chubbuck. Examples of
qualifying costs would be water lines, sewer lines, public streets including
curb, gutter, and sidewalk and public storm drain facilities. Examples of
improvements that would not qualify would be installations, power, gas,
and communications, general overhead for fees, design costs, permit costs,
financing costs and other such costs for both qualifying and non-
qualifying approvals.
C. Reimbursement would be considered for improvements in RI, R2, R3 and
R4 zoned developments that are "Major Infrastructure" in excess of
typical residential street and utility construction, such as arterial roadways,
water and sewer capacity upgrades, private utilities that provide capacity
beyond the proposed development. Examples of qualifying
improvements would be upsized water lines, upsized sewer lines, minor
and major arterial streets including curb, gutter and sidewalk, upsized
electrical, gas and communications lines that serve future developments.
Examples of improvements that would not qualify would be local and
collector streets, water, sewer and storm drain utility installations, power,
gas, and communications that only serve the subject development. General
overhead for fees, design costs, permit costs, financing costs and other
such costs would be non -qualifying.
D. Reimbursement would be considered for improvements in the Creative
Community zoned developments that are beneficial to the public and
which would ultimately be taken over and maintained by the City of
Chubbuck. Examples of qualifying costs would be water lines, sewer
lines, public streets including arterials, collectors and local streets that
provide access and circulation to the community including curb, gutter,
and sidewalk and public storm drain facilities and private utilities that
provide capacity beyond the proposed development. Additional qualifying
improvements shall include items required by the Creative Community
zone which include but are not limited to pathways, public spaces, public
art, streetscapes, lighting and similar improvement set forth in the Creative
Community zone. General overhead for fees, design costs, permit costs,
financing cost and other such cost would be eligible for reimbursement.
Examples of improvements that would not qualify would be installations,
power, gas, and communications, that only serve the subject development,
local streets including underlying utilities that only serve small specific
area and do not provide circulation throughout the development.
E. Reimbursements allowed in any zone may be reimbursable in a PUD, to
the extent that the reimbursable improvements provide benefit to the
public, rather than benefitting just the PUD development.
2. In considering a request for reimbursement, the Urban Renewal Plan approved by
the City and the Chubbuck Development Authority must be followed. Any proposed changes in
the plan must be brought back to the Development Authority and the City for subsequent
approval or, if such approval is not granted, reimbursement may be subsequently denied even
though initially approved.
3. Reimbursement shall be made based upon actual costs which shall be submitted
by the developer to the Development Authority with appropriate documentation to enable the
review of such costs and verify those that are eligible and ultimately approved for
reimbursement.
4. The developer may be eligible for up to 100% reimbursement of the qualifying
costs. The Development Authority and the developer will agree to a schedule for the
reimbursement provided however that no reimbursement shall be made until funds are being
generated from the Revenue Allocation District upon the specific property being approved for
reimbursement qualification.
5. The rate of reimbursement shall generally be such that the developer shall receive
80% of the annually funds collected on that specific property from the Revenue Allocation
District and the Development Authority shall retain the balance.
6. If for some reason the funds received from the Chubbuck Revenue Allocation
area with respect to the specific property involved decrease or cease altogether, the City and the
Chubbuck Development Authority would have no responsibility to make reimbursements to the
developer from any other revenue sources.
PASSED BY THE CHUBBUCK DEVELOPMI
ATTEST:
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Richard Morgan, CDA Clerk