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Home My WebLink About07 07 2023 CDA Budget HearingState of Idaho County of Bannock PROOF OF PUBLICATION Idaho State Journal I, ', r Collins Crapo first being duly sworn, depose and say: That I am the C-�aesif�etl R+Inn&ge�r Processing Cleric employed by Adams Publishing Group of the Rockies LLC, publishers of Idaho State Journal, a newspaper of general circulation, published 4 days, Tues -Wed -Friday and Satur- day, at Pocatello, Idaho. That the notice, of which a copy is hereto attached and made a part of this affidavit, was pub- lished in said Idaho State Journal and on IdahoPublicNotices.com for 2 day(s), first publication having been made on 07/07/2023 last publication having been made on 07/14/2023, and that the said notice was published in the regular and entire issue of said paper on the respective dates of publication, and that such notice was published in the newspaper and not in a supplement. //0 e A Subscribed and sworn to before me, on this 14th day of July, 2023 La 68167 NOTARY PUBLIC STATE OF IDAHO MY COMMISSION EXPIRES 07/28/28 STATE OF IDAHO COUNTY OF BANNOCK 'attached jurat ss. Notary Public My commission expires: On this 14th day of July, 2023 before ine, the undersigned, a Notary public for said state, personally ap- peared r Collins Crapo, known or identified to ine to be the persons) whose naine(s) /are subscribed to the within instrument, and being by me first duly sworn, declared that the state- ments therein are true, and acknowledged to me that he/she/they executed the same, IN WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the day and year in this certificate first above written. BETH CROSSLEY 68167 NOTARY PUBLIC STATE OF IDAHO MY COMMISSION EXPIRES 07/28/28 391224 Notary Public for APG of the Rockies Residing: Idaho Falls, Idaho Commission expires: AD# 391224AD# 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 2023 A public hearing for consideration of the proposed Urban Renewal Agency Project budget for the fiscal year that begins October 1, 2023, and ends September 30, 2024 will be held in Council Chambers, located at 290 E. Linden Ave, Chubbuck, Idaho, on July 18, 2023, at 5:30 p.m., pur- suant to Idaho Code §§ 50-2006(d), 50-2903(5) and 50-1002. Written or oral comments about the proposed budget are welcome. Written comments may be submitted prior to the meeting to: Chubbuck Development Authority, c/o Devin Hillam, 290 E Linden Ave., Chubbuck, ID 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. Agency does not levy property taxes but rather, collects increment revenues generated in accordance with the urban renewal plans. This public hearing on the proposed budget is required for formal adoption of the FY 2024 bud- get. The proposed expenditures and revenues for FY 2024 have been tentatively approved by the Chubbuck Urban Renewal Agency Board of Commissioners on May 16, 2023, City Hall is accessible to persons with disabilities. FY 2022 FY 2023 FY 2024 Budgeted Budgeted Budgeted Fund Name Revenues Revenue Revenues Property Tax Revenue (Increment) Chubbuck Improvement Revenue Allocation Fund $ 2,980,000 $ 2,575,000 Pine Ridge Revenue Allocation Fund 175,000 297,000 $ 315,000 Northside Crossing Revenue Allocation Fund 90,000 170,000 170,000 Harvest Springs Revenue Allocation Fund 20,000 40.000 Total Property Tax Revenue $3,245.000 $3.062.000 525000 Revenue Sources Other Than Property Taxes Chubbuck Improvement Revenue Allocation Fund 55,000 50,000 Pine Ridge Revenue Allocation Fund 5000 5000 Northside Crossing Revenue Allocation Fund Harvest Springs Revenue Allocation Fund Fund Balance Carryover from FY23 44,800 Total Revenues- All Sources $3,300,000 $31117,000 $574,800 FY 2022 FY 2023 FY 2024 Budgeted Proposed Proposed Fund Name Expenditures Expenditures Expenditures Former Categories (Unused in FY23 and FY24) Admin & Prof Services $ 95,500 Dues & Subscriptions $ 4,600 Other $ 3,000 Capital Outlays $ 3,196,900 Chubbuck Improvement Revenue Allocation Fund Professional Service, Insurance, & Publications $ 65,200 Owner Participation Agreements or other Agreements 376,879 Debt Service 420,000 Capital Improvements 11727,921 To Administrative Fund 35,000 Fund Total $ 2,6251000 Pine Ridge Revenue Allocation Fund Administrative Expenses 15,000 $ 15,000 Bond Obligation 287,000 300,000 Fund Total 302,000 315,000 Northside Crossing Revenue Allocation Fund Administrative Expenses & Capital Improvements 34,000 34,000 Owner Participation Agreements or other Agreements 136,000 136,000 Fund Total 170,000 170,000 Harvest Springs Revenue Allocation Fund Administrative Expenses & Capital Improvements 51000 81000 Owner Participation Agreements or other Agreements 15,000 32,000 Capital Improvements - Fund Total 20,000 40,000 Administrative Fund Office & Financial Administration 143000 City Administrative Reimbursement 15,000 Legal 18,000 Publications 1000 Dues & Subscriptions 1,800 Fund Total 49.300 Total All Expenditures $ 3,300,000 $ 3.117.000 $574,800 Published: June 7, 14, 2023 (ISJ84B-391224)