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Home My WebLink About2023-03RESOLUTION NO. 2023-3 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 RENEW AL 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, 2022, AND ENDING SEPTEMBER 30, 2023, FOR ALL GENERAL, SPECIAL AND CORPORATE PURPOSES; DIRECTING THE CHAIR, VICE -CHAIR, OR EXECUTIVE DIRECTOR 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 malting certain findings; RESOLUTION 2023-3-1 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 Urban Renewal Plan and making certain findings; WHEREAS, the City Council, on November 4, 2020, after notice duly published conducted a public hearing on the Northside Crossing Urban Renewal Project; WHEREAS, following said public hearing, the City Council adopted its Ordinance No. 819 on November 4, 2020, approving the Northside Crossing Urban Renewal Project, including the urban renewal plan and revenue allocation area and making certain findings; WHEREAS, the City Council, on November 3,202 1, after notice duly published conducted a public hearing on the Harvest Springs Urban Renewal Project; RESOLUTION 2023-3-2 WHEREAS, following said public hearing, the City Council adopted its Ordinance No. 840 on November 3, 2021, approving the Harvest Springs Urban Renewal 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, 2022, and ending September 30, 2023, by virtue of its action at the Agency's Board meeting of July 18, 2022; WHEREAS, the Agency published notice of a public hearing to be conducted on August 16, 2022, at 5:30 p.m., in Council Chambers, located at 290 East Linden Ave., Chubbuck, Idaho. WHEREAS, on August 16, 2022, pursuant to Idaho Code Section 50-1002, the Agency held a public hearing in Council Chambers, located at 290 East Linden Ave., Chubbuck, Idaho on the proposed budget and considered public comment, along with Board input, on services, expenditures, and revenues planned for Fiscal Year 2023 and approved the budget resolution 2022- 3; WHEREAS, pursuant to Idaho Code Section 50-2006, the Agency is required to pass a budget wherein expenditures do not exceed the budgeted amount; WHEREAS, the Agency has previously published notice of a public hearing to be conducted on September 19, 2023, at 5:30 p.m., in Council Chambers, located at 290 East Linden Ave., Chubbuck, Idaho, a copy of which notice is attached hereto and incorporated herein as Exhibit A; WHEREAS, on September 19, 2023, pursuant to Idaho Code Section 50-1002, the Agency held a public hearing in Council Chambers, located at 290 East Linden Ave., Chubbuck, Idaho on the proposed supplemental budget and considered public comment, along with Board input, on services, expenditures, and revenues planned for Fiscal Year 2023; 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 2023 Budget which was published on September 5, and September 12, 2023, and the same are hereby appropriated for the general, special and corporate RESOLUTION 2023-3-3 purposes and objectives of the Agency for the fiscal year commencing October 1, 2022, and ending September 30, 2023. Section 3: That the Chairman, Vice -Chairman or Executive Director shall submit a copy of this Resolution and Budget to the City of Chubbuck 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 AND ADOPTED by the Urban Renewal Agency of the City of Chubbuck, Idaho, on September 19, 2023. Signed by the Chair of the Board of Commissioners and attested by the Executive Director to the Board of Commissioners, on September 19, 2023. APPROVED: Chair of the Commission ATTEST: By xecutive Director RESOLUTION 2023-3-4 AD# 413128AD8 LEGAL NOTICE Notice of Public Hearing Urban Renewal Agency of the City of Chubbuck, Idaho a/k/a Chubbuck Development Authority Proposed Supplemental Budget for Fiscal Year 2023 A public hearing for consideration of the proposed Supplemental Urban Renewal Agency budget for the fiscal year that begins Oc- tober 1, 2022, and ends September 30, 2023 will be held In Council Chambers, located at 290 E. Linden Ave, Chubbuck, Idaho, on September 19, 2023, at 5:30 p.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 comments may be submitted prior to the meeting to: Chubbuck Development Authority, c/o Devin HOlam, 290 E Linden Ave., Chubbuck, ID 83202. The Agency budget funds the programs, services, and capital proacts that the Agency Board and the City Council have deter- mined to be Important to meet the Agency's strategic goals as descrl ed 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 adoptlon of the FY 2023 Supplemental budget. City Hall is accessible to persons with disabilities. Admin & Prof Services 300,000 95,500 - 38,400 Estimated Revenues 4,600 FY 2021 FY 2022 FY 2023 FY 2023 Proposed - Budgeted Budgeted Budgeted Supplemental Fund Name Revenues Revenues Revenues Revenues Property Tax Revenue Revenue Allocation Fund (Increment) Professional Services, Chubbuck Improvement Insurances, & Publications - - $ 65,200 Revenue Allocation Fund $2,575,000 $2,980,000 $ 2,450,000 Pine Ridge Revenue Allocation Agreements - - Fund 175,000 175,000 297,000 270,000 Northside Crossing Revenue Capital Improvements - - 1,727,921 Allocation Fund - 90,000 170,000 170,000 Harvest Springs Revenue Allocation Fund 20.000 20,000 Total Property Tax Revenue $2.750.000 $3.245.000 $3.062A00 $2,910.000 Revenue Sources Other Than Property Taxes 50,000 55,000 55,000 40,000 Fund Balance Carryover 225.450 Total Revenues- All Sources $ 2.800.000 $ 3300.00Q $3 117000 $3,175,450 Proposed E edit re FY 2021 FY 2022 FY 2023 FY 2023 Proposed Budgeted Budgeted Budgeted Supplemental Fund Name Expenditures Expenditures Ex enditures Expenditures General Administration Admin & Prof Services 300,000 95,500 - 38,400 Dues & Subscriptions 5,000 4,600 - 4,600 Other 3,000 3,000 - - CapilalOutlays 2,492,000 31196,900 - - Fund Total $2,800,000 $3299 50 $43,000 Chubbuck Improvement Revenue Allocation Fund Professional Services, Insurances, & Publications - - $ 65,200 $ 44,237 Owner Participation Agreements or other Agreements - - - 376,879 448,213 Debt Service - - 420,000 Capital Improvements - - 1,727,921 2,100,000 Administrative Expenses 35.000 80.000 _. Fund Total $2,625,090 $2.672.450 Pine Ridge Revenue Allocation Fund Agency Administrative Expenses - - 15,000 15,000 Bond Obligations & Administration 287,000 255000 _ Fund Total 302,000 27 00 Northside Crossing Revenue Allocation Fund Administrative Expenses & Capital Improvements - - 34,000 49,600 Owner Participation Agreements or other Agreements 136.000 120.400 Fund Total $170,000 $170,000 Harvest Springs Revenue Allocation Fund Administrative Expenses & Capital Improvements - - 51000 $5,000 Owner Participation Agreements or other Agreements 15 000 $15 000 Fund Total - - 20,000 .$20,000