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 2022
A public hearing for consideration of the proposed Urban Renewal Agency Project budget for the fiscal year that begins October 1, 2021, and ends September 30, 2022, will be held in Council Chambers, located at 290 E Linden St, Chubbuck, Idaho, on August 17, 2021, at 5:30p.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, PO Box 5604 or 290 E Linden St, 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 2022 budget. The proposed expenditures and revenues for FY 2022 have been tentatively approved by the Chubbuck Urban Renewal Agency Board of Commissioners on July 20, 2021.
The City Hall is accessible to persons with disabilities.
| FY2020 | FY2021 | FY2022 | ||||||
| Budget | Budget | Proposed | ||||||
| Revenue | ||||||||
| Increment | ||||||||
| Chubbuck Improvement Plan | 2,525,000 | 2,575,000 | 2,980,000 | |||||
| Pine Ridge Mall | 175,000 | 175,000 | 175,000 | |||||
| Northside Crossing | 90,000 | |||||||
| Other | 50,000 | 50,000 | 55,000 | |||||
| Total Revenue | 2,750,000 | 2,800,000 | 3,300,000 | |||||
| Expenditures | ||||||||
| Admin & Prof Services | 275,000 | 300,000 | 95,500 | |||||
| Dues & Subscriptions | 5,000 | 4,600 | ||||||
| Other | 2,750 | 3,000 | 3,000 | |||||
| Capital Outlays | 2,472,250 | 2,492,000 | 3,196,900 | |||||
| Total Expenditures | 2,750,000 | 2,800,000 | 3,300,000 | |||||
Publish: August 1th and 15th, 2021.