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Home My WebLink About2020-05RESOLUTION NO.2020-D5 BY THE BOARD OF COMMISSIONERS OF THE URBAN RENEWAL AGENCY OF THE CITY OF CHUBBUCK, IDAHO A/K/A CHUBBUCK DEVELOPMENT AUTHORITY: A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE URBAN RENEWAL AGENCY OF THE CITY OF CHUBBUCK, IDAHO A/K/A CHUBBUCK DEVELOPMENT AUTHORITY, TO BE TERMED THE "ANNUAL APPROPRIATION RESOLUTION," APPROPRIATING SUMS OF MONEY AUTHORIZED BY LAW AND DEEMED NECESSARY TO DEFRAY ALL EXPENSES AND LIABILITY OF THE URBAN RENEWAL AGENCY, FOR THE FISCAL YEAR COMMENCING OCTOBER 1, 2020, AND ENDING SEPTEMBER 30, 2021, FOR ALL GENERAL, SPECIAL AND CORPORATE PURPOSES; DIRECTING THE CHAIR, VICE - CHAIR, OR ADMINISTRATOR TO SUBMIT THE RESOLUTION AND BUDGET TO THE CITY OF CHUBBUCK AND ANY OTHER ENTITY ENTITLED TO A COPY OF THE RESOLUTION AND BUDGET; AND PROVIDING AN EFFECTIVE DATE. THIS RESOLUTION, made on the date hereinafter set forth by the Urban Renewal Agency of the City of Chubbuck, Idaho, also known as Chubbuck Development Authority, an independent public body corporate and politic, authorized under the authority of the Idaho Urban Renewal Law of 1965, Chapter 20, Title 50, Idaho Code, as amended (hereinafter the "Law") and the Local Economic Development Act, Chapter 29, Title 50, Idaho Code, as amended (hereinafter the "Act'), a duly created and functioning urban renewal agency for Chubbuck, Idaho, hereinafter referred to as "Agency." WHEREAS, by Resolution No. 4-92, dated April 11, 1992, the City Council of the City of Chubbuck, Idaho (the "City") created an urban renewal agency, pursuant to the Law; WHEREAS, the City Council, after notice duly published, conducted a public hearing 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 No. 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; RESOLUTION NO. 2020— 0d5 — 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 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 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, the City Council, on August 3, 2016, after notice duly published conducted a public hearing on the First Amendment to the Urban Renewal Plan Chubbuck Downtown Improvement Project (the "First Amendment"), which sought to deannex parcels from the 1992 Project Area commonly referred to as the "Old CarMike" parcels; WHEREAS, following said public hearing, the City Council adopted its Ordinance No. 758 on August 3, 2016, approving the First Amendment and making certain findings; WHEREAS, the City Council, on August 3, 2016, after notice duly published conducted a public hearing on the 2016 Pine Ridge Mall Urban Renewal Area and Improvement Plan (the "Pine Ridge Mall Plan"); WHEREAS, following said public hearing, the City Council adopted its Ordinance No. 759 on August 3, 2016, approving the Pine Ridge Mall Plan and making certain findings; WHEREAS, pursuant to Idaho Code Sections 50-2006, 50-2903(5) and 50-1002, Agency Staff has prepared a budget and the Agency has tentatively approved estimated revenues and expenditures for the fiscal year commencing October 1, 2020, and ending September 30, 2021, by virtue of its action at the Agency's Board meeting of July _, 2020; WHEREAS, the Agency has previously published notice of a public hearing to be conducted on August 18, 2020, at 5:30 p.m., in Council Chambers, located at 5160 Yellowstone Avenue, Chubbuck, Idaho, a copy of which notice is attached hereto and incorporated herein as Exhibit A; RESOLUTION NO. 2020- ()C5_ - 2 WHEREAS, on August 18, 2020, pursuant to Idaho Code Section 50-1002, the Agency held a public hearing in Council Chambers, located at 5160 Yellowstone Avenue, Chubbuck, Idaho, on the proposed budget and considered public comment, along with Board input, on services, expenditures, and revenues planned for Fiscal Year 2021; WHEREAS, pursuant to Idaho Code Section 50-2006, the Agency is required to pass an annual appropriation resolution and submit the resolution to the City Clerk of the City of Chubbuck, Idaho on or before September 1, 2020; NOW, THEREFORE, BE IT RESOLVED BY THE MEMBERS OF THE BOARD OF COMMISSIONERS OF THE URBAN RENEWAL AGENCY OF THE CITY OF CHUBBUCK, IDAHO, A/K/A CHUBBUCK DEVELOPMENT AUTHORITY, AS FOLLOWS: Section 1: That the above statements are true and correct. Section 2: That the sums of money, or as much thereof as may be authorized by law, needed, or deemed necessary to defray all expenses and liabilities of the Agency, as set forth in Exhibit A, which is annexed hereto and by reference made a part of this Resolution, reflecting no changes from the proposed FY 2021 Budget which was published on August 7, and August 14, 2020, and the same are hereby appropriated for the general, special and corporate purposes and objectives of the Agency for the fiscal year commencing October 1, 2020, and ending September 30, 2021. Section 3: That the Chairman, Vice -Chairman or Administrator shall submit a copy of this Resolution and Budget to the City of Chubbuck on or before September 1, 2020, and provide a copy of this Resolution to any other person or entity entitled to a copy of the Resolution and Budget. Section 4: That this Resolution shall be in full force and effect immediately upon its adoption and approval. PASSED by the Urban Renewal Agency of the City of Chubbuck, Idaho, on August 18, 2020. Signed by the Chair of the Board of Commissioners and attested by the Secretary to the Board of Commissioners, on August 18, 2020. APPROVED ATTEST: By aWMVA 4//Vv Scc etary 4852-7893-5224, v. 1 RESOLUTION NO. 2020- 0S - 3 LEGAL NOTICE Notice of Public Hearing Urban Renewal Agency of the City of Chubbuck, Idaho a/k/a Chubbuck Development Authority Proposed Budget for Fiscal Year 2021 A public hearing for consideration of the proposed Urban Renewal Agency Project budget for the fiscal year that begins October 1, 2020, and ends September 30, 2021, will be held in Council Chambers, located at 5160 Yellowstone Avenue, Chubbuck, Idaho, on August 18, 2020, at 5:00p.m., pursuant to Idaho Code §§ 50-2006(d), 50-2903(5) and 50-1002. Written or oral comments about the proposed budget are welcome. Written comment may be submitted prior to the meeting to: Chubbuck Development Authority, c/o Devin Hillam, 5160 Yellowstone Avenue, Chubbuck, Idaho 83202. The Agency budget funds the programs, services, and capital projects that the Agency Board and the City Council have determined to be important to meet the Agency's strategic goals as described in the adopted urban renewal plans. This public hearing on the proposed budget is required for formal adoption of the FY 2021 budget. The proposed expenditures and revenues for FY 2021 have been tentatively approved by the Chubbuck Urban Renewal Agency Board of Commissioners on July 21, 2020. The City Hall is accessible to persons with disabilities. Revenue Increment Chubbuck Pine Ridge Mall Other Total Revenue Expenditures Admin & Prof Services Dues & Subscriptions Other Capital Outlays Total Expenditures FY2019 FY2020 FY2021 Budget Budget Proposed 2,413,622 2,525,000 2,575,000 174,889 175, 000 175,000 49,119 50,000 50,000 2,637,630 2,750,000 2,800,000 276,926 275,000 300,000 5,000 21751 2,750 3,000 2,357,953 2,472,250 2,492,000 2,637,630 2,750,000 2,800,000 Publish: August 7th and 14th, 2020.