HomeMy WebLinkAbout2021-08 Foregone Property TaxesResolution No. 2021-08
A Resolution of the City of Chubbuck, Bannock County, declaring the intent to collect $66,865
in foregone property taxes for fiscal year 2022 and declaring the purpose for which the
forgone taxes are being budgeted.
Whereas, the City of Chubbuck intends to include $66,865 of its accumulated balance of
$226,178 in foregone taxes in its FY 2021 budget as authorized by Idaho Code Section 63-
802; and,
Whereas, the purpose for the levy of foregone taxes is to fund General Fund Maintenance
and Operations; and
Whereas, the City of Chubbuck provided notice of its intention to levy foregone taxes by
publishing notice in the Idaho State Journal on August 24, 2021 and August 31, 2021; and
Whereas, the City Council held a public hearing concerning its intention to collect the
foregone taxes as contemplated by this resolution on September 1, 2021 in order to receive
public comment on the proposal; and
Whereas, the published notice and public hearing satisfied the notice and hearing
requirements in Idaho Code Section 63-802.
Now therefore be it resolved, by a majority vote taken by the City Council of the City of
Chubbuck on September 1, 2021 that the above stated amount be included in the property
tax to be levied in FY2022.
Approved by the City Council on this 1st Day of September, 2021.
Xayr Ke and
4C'r;��oey Bowers