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Home My WebLink AboutURA RES 2022-45RESOLUTION NkJ. 2022- A RESOLUTION OF THE URBAN RENEWAL AGENCY OF THE CITY OF CALDWELL, IDAHO APPROVING THE BUDGET FOR FISCAL YEAR BEGINNING OCTOBER 1, 2022. THIS RESOLUTION is made on the date hereinafter set forth by the Urban Renewal Agency of the City of Caldwell, Idaho an independent public body corporate and politic, authorized under the authority of the Idaho Urban Renewal Agency Law of 1965, as amended, Chapter 20, Title 50, Idaho Code, a duly created and functioning Urban Renewal Agency for Caldwell, Idaho, hereinafter referred to as the "Agency;" and WHEREAS, pursuant to Idaho Code §50-1002, the Caldwell Urban Renewal Agency held a public hearing on August 8, 2022 for consideration of the FY-2023 budget; and WHEREAS, the FY-2023 budget amounts to $19,966,194 expenditures; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE URBAN RENEWAL AGENCY OF THE CITY OF CALDWELL, IDAHO: Section 1. To approve the FY-2023 Budget for the fiscal year beginning October l , 2022, a copy of which is attached as Exhibit A and incorporated by this reference. ADOPTED AND APPROVED THIS 8th day of August 2022. 1111l1///�� ow Og Ti0W9* V �i� ��: goo,: °.� • • a : GOP - w• - Ago ep SEAL ATTEST: SECRETARY Notice of Public Hearing Proposed Budget for Fiscal Year October 2022 - September 2023 (FY-2023) Urban Renewal Agency of the City of Caldwell Idaho A public hearing, pursuant to Idaho Code 50-1002, for consideration of the proposed budget for the fiscal year that begins October 1, 2022, and ends September 30, 2023, will be held in the Community Meeting Room, in the Caldwell Police Station 110 5th Ave., Caldwell, Idaho, at 7:00 p.m. on August 8, 2022. Comments, written or otherwise, about the proposed budget are welcome. Copies of the proposed FY-2023 Urban Renewal Budget (in detail) are available at City Hall from 8:00 a.m. to 5:00 p.m. weekdays. City Hall is accessible to persons with disabilities. Anyone desiring accommodations for disabilities related to the budget documents or to the hearing, please contact the Office of the City Clerk, (208) 455-3000, at least 48 hours prior to the public hearing. FUND General Fund FUND General Fund FUND General Fund TOTAL All Revenue * Use of Fund Balance, R.E. or Balance Sheet Changes Revenue to meet Expenditures FY 2020 FY 2021 FY 2022 FY 2023 Actual Actual Budget Proposed Expenditures Expenditures Expenditures Expenditures 121264,694 $ 14,350,286 $ 15,357,746 $ 19,966,194 FY 2020 Actual Non - Tax Increment Revenue 85,560 FY 2020 Actual ment Tax Incre Revenue 91984,305 FY 2021 Actual Non. Tax Increment Revenue 735,941 $ FY 2021 Actual Tax Increment Revenue 101257,021 FY 2022 Budget Non - Tax Increment Revenue 10,100 FY 2022 Budget Tax Increment Revenue $ 10,074,457 FY 2023 Proposed Non - Tax Increment Revenue $ 1,200 FY 2023 Proposed Tax Increment Revenue $ 10,941,176 10,069,865 10,992,961 10,084,557 10,942,376 (2,194,829) (3,357,325) (5,273,189) (9,023,818) $ 12,264,694 $ 14,350,286 $ 15,357,746 $ 19,966,194 I,Debbie Geyer, City Clerk of the City of Caldwell,ldaho, do hereby certify that the above is a true and correct statement of the proposed expenditures and revenues for fiscal year 2023, all of which have been tentatively approved and entered at length in the Minutes of the Agency. I further certify that the Urban Renewal Agency of the City of Caldwell, Idaho, did give notice for said hearing with notice having been published twice at least seven days apart prior to the adoption of the budget by the Board of Commissioners. Citizens are invited to attend the budget hearing on August 8, 2022, at 7:00 p.m. and have the right to provide written or oral comments concerning the entire budget. A copy of the proposed Urban Renewal Agency budget (in detail) is available at City Hall for inspection during regular office hours, 8 a.m. to 5 p.m. Publication Dates: July 24 &July 31, 2022 Caldwell Urban Renewal Agency - East FAA Expenditure Budget - FY 2023 October 19 2022 -September 30, 2023 Account # Account Title Maintenance &Operations 2021-2022 Budget 2022-2023 Budget Rental Accounting & Engineering Services (City Staff) - - CEDC-Services Contract - - R&M Building (Kimball) 65600 - ICRMP - - Audit $9,410 (City Increment) - - Legal @ 6,500/mo - New URA Area Consultant - - City Incre Accounting & Engineering Services (City Staff) 8,000 8,000 ICRMP 10,645 119177 Audit $14,000 (City Increment) 10,940 14,000 Legal @ 9,305/mo 781000 11700 Land Wells Property 1005000 - Business Incentive Grants 25000 New URA Area Consultant 700 - Irrigation 2,500 - Total Maintenance & Operations 4739685 150,837 Project Expenditures City Incre Street Improvements 536,820 682,257 Economic Development Support 216,000 2161000 City Paid Reimbursable Expenses - Project, Infrastructure - Gas Line (Russell) - - LID 17-1 Downtown Streetscape (URA & City Match) = 60% x 750,01 45000 - Demo and cleanup Bennet Machine 5005000 40000 Festive Street - Arthur Street 190005000 9759000 Tiger Build Grant 100,000 - Indian Creek Plaza Maintenance 3955000 TVCC Gyperete and Tile Floor repair 859000 - TVCC Building 3,500,000 6th & 7th Ave Pedestrian Bridges (repair or rebuild) 1005000 1009000 Norman Parking Lot 192005000 - Fencing along RR Right -of --way (Norman/OKLivestock) 649800 - Hotel Site Imrpovements - 190009000 Blue Bird Car Wash 1305000 Contingency - - Account If Account Title Maintenance & Operations 2021-2022 2022-2023 Budget Annual Projects/Tax District Payments 13,500,000 105925,000 Ustick Road Widening 2 mil (out of 5 million) Ustick Road Widening Extension (CHD Increment) - 3.1 Million Indiana & Ustck Frontage - 500,000 Luby Park Improvements- 1,000,000 Public Space vineyard - 250,000 Van Buren Park Improvements - 1,000,000 Florida & Ustick RAB - 1,600,000 County Fairgrounds Infrastructure - 1,000,000 Canyon Hill - Sacajawea - 475,000 Total Projects 17,7529620 1893239257 Bond Payments Sewer Bond Series 2006 Principal Payment 6851000 72000 Sewer Bond Series 2006 Interest Payment 531125 185000 Sewer Bond Series 2008 Principal 6905000 7205000 Sewer Bond Series 2008 Interest 59,925 3000 Bond Trustee services 31500 3,500 Canyon County Admin Building 2012 Principal (Payoff 09/01/22) 111575000 - Canyon County Admin Building 2012 Interest 38,181 - Bond Trustee services 21000 - CSD Revenue Bond 2015 Principal (Payoff 09/01/22) 766,612 - CSD Revenue Bond 2015 Interest 221526 - Bond Trustee services 21000 - Indian Creek Plaza Bond 2018 Principal 151655179 - Indian Creek Plaza Bond 2018 Interest 349393 - Bond Trustee Services 200 - Total Capital Expenditures 4,6819441 22, 907, 746 Other Expenses 19492,100 19, 966,194 Pass through - Pass through Pass through bond proceeds - - Total Other Expenses TOTAL BUDGET $ 2299079746 $ 1999669194 Account # Account Title Maintenance & Operations Urban Renewal Fund Revenues Caldwell Urban Renewal Agency Revenue Budget - FY 2021 October 1, 2022 - September 30, 2023 2021-2022 Budget 2021-2022 Budget 2022-2023 Budget 2022-2023 Budget 31100 INCREMENT REVENUE - East RAA #1 URA 51584,737 10,7605793 31100 INCREMENT REVENUE - Restricted (tax districts) 4,374,015 - 31100 INCREMENT REVENUE - North RAA #2 URA - 64,678 31102 PROPERTY TAX REPLACEMENT 115,705 115,705 34190 MISCELLANEOUS REVENUE 36111 STATE POOL INTEREST REV 3,500 1,200 36320 39200 LAND/BUILDING RENTAL (Kimball 215 & 217) LAND SALES (8 ACRES) 6,600 - 39340 BOND PROCEEDS 39360 LOAN PROCEEDS TOTAL REVENUE $ 1090849557 $ 10,942,376 FUND BALANCE $ (12,823,189) $ (9,023,81