LEGAL NOTICE
Notice of Public Hearing
Urban Renewal Agency of the City of Chubbuck, Idaho
a/k/a Chubbuck Development Authority
Budget Amendment for Fiscal Year 2025
A public hearing for consideration of the Urban Renewal Agency Project amended budget for the fiscal year that begins October 1, 2024, and ends September 30, 2025 will be held in Council Chambers, located at 290 E. Linden Ave, Chubbuck, Idaho, on September 16, 2025, 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 Ashley Squyres, 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 an amended FY2025 budget. The proposed expenditures and revenues for FY2025 have been tentatively approved by the Chubbuck Urban Renewal Agency Board of Commissioners on September 16, 2025. City Hall is accessible to persons with disabilities.
| Fund Name | FY 2023 Budgeted Revenues | FY 2024 Budgeted Revenues | FY 2025 Amended Revenues | ||||
| Property Tax Revenue (Increment) | |||||||
| Chubbuck Improvement Revenue Allocation Fund
Pine Ridge Revenue Allocation Fund |
$ 2,575,000
$ 297,000 |
–
$ 315,000 |
–
$300,000 |
||||
| Northside Crossing Revenue Allocation Fund | 170,000 | 170,000 | $228,000 | ||||
| Harvest Springs Revenue Allocation Fund | 20,000 | 40,000 | $46,344 | ||||
| Total Property Tax Revenue | $ 3,062,000 | $ 525,000 | $ 574,344 | ||||
| Revenue Sources Other Than Property Taxes | |||||||
| Chubbuck Improvement Revenue Fund
Pine Ridge Revenue Allocation Fund- Interest |
55,000
5,000 |
–
5,000 |
–
7,000 |
||||
| Pine Ridge Revenue Allocation Fund- Carryover
Fund Balance Carryover from FY24 Administrative Fund – Carryover |
– | 44,800 |
55,000
76,800 |
||||
| Total Revenues- All Sources | $ 3,117,000 | $ 574,800 | $ 713,144 | ||||
| Fund Name | FY 2023 Budgeted Expenditures | FY 2024 Budgeted Expenditures | FY 2025 Amended Expenditures | ||||
| Pine Ridge Revenue Allocation Fund | |||||||
| Administrative Expenses | 15,000 | 34,000 | 18,000 | ||||
| Debt Service | 287,000 | 136,000 | 180,000 | ||||
| Debt Trustee
Fund Total |
302,000 | 170,000 |
102,000
300,000 |
||||
| Northside Crossing Revenue Allocation Fund | |||||||
| Administrative Expenses & Capital Improvements | 34,000 | 8,000 | 45,600 | ||||
| Owner Participation Agreements or other Agreements | 136,000 | 32,000 | 182,400 | ||||
| Fund Total | 170,000 | 40,000 | 228,000 | ||||
| Harvest Springs Revenue Allocation Fund | |||||||
| Administrative Expenses & Capital Improvements | 5,000 | 9,269 | |||||
| Owner Participation Agreements or other Agreements | 15,000 | 14,000 | 37,075 | ||||
| Capital Improvements | 15,000 | ||||||
| Fund Total | 20,000 | 18,000 | 46,344 | ||||
| Administrative Fund | |||||||
| Office & Financial Administration | 14,000 | 80,000 | |||||
| City Administrative Reimbursement
Legal Dues & Subscriptions Professional Services |
15,000
18,000 1,800 |
–
24,000 1,800 20,000 |
|||||
| Other | 12,000 | ||||||
| Publications | 1,000 | 1,000 | |||||
| Fund Total | 49,800 | 138,800 | |||||
| Total All Expenditures | $ 3,117,000 | $713,144 | |||||
Publish: September 6 & September 13, 2025.