HomeMy WebLinkAboutURA RES 2024-01RESOLUTION NO. V a q— 6 1
A RESOLUTION OF THE URBAN RENEWAL AGENCY OF THE CITY OF
CALDWELL, IDAHO APPROVING THE BUDGET AMENMENT FOR FISCAL YEAR
BEGINNING OCTOBER 1, 2023.
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 December 11, 2023 for consideration of the FY-2024 budget amendment; and
WHEREAS, the FY-2024 Original budget amounts to $391,274 expenditures and added
budget amendment amount of $ 5,237,347 expenditures; for a total of $5,628,619
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-2024 Budget Amendment for the fiscal year beginning
October 1, 2023, a copy of which is attached as Exhibit A and incorporated by this reference.
ADOPTED AND APPROVED THIS 8th day of January 2024.
ATTEST:
SECRETARY
Caldwell Urban Renewal Agency
Expenditure Budget - FY 2024
October 1, 2023 - September 30, 2024
Account # Account Title
Maintenance & Operations
63310 Accounting & Engineering Services (City Staff)
65200 ICRNIP
63210 Audit
63330 Legal @ 9,305/mo For FY 2023 to $6,435 for FY2024
Total Maintenance & Operations
Project Expenditures
2022-2023 2023-2024
Budget Budget
8,000 8,400
11,177 12,854
14,000
16,000
117,660
77,220
150,837
114,474
63235 Economic Development Support
216,000
226,800
Contingency
63220 Annual Projects
--
- - -------------- ---
---------
Design- Engineering/ Traffic
50,000
:Ustick Road Widening
2,996,000
416,851
Indiana: Ustick to Caldwell High School
- ---------- ---------- -
408,886
- --- ------------ -
Canyon Hill to Sacajawea- HAWK
180,921
41,153
County Fairgrounds/ Fair Expo Site improvements
1,474,267
334,945
Luby Park: Pick1bal I Construction/ Rehab
776,207
------ - -------
Parking- Improvements /602 Cleveland
46,659
Demo and Cleanup of bermet Machine
---- ----------
58,804
41,836
------------- -
Plaza Extension Festive Street (Arthur)
3,252,736
341,268
Hotel Site Improvements- DeChase
1,221,724
23,271
213-215-217 Kimball- Norman Complex
100,000
122,314
Ustick Bridge Eastside Extension (60% URA)
186,634
Ustick Road Widening
5,448,376
2,374,715
21 st Avenue Parking lot
451,770
17,045
Paving- Centennial Blvd Median
420,658
Frontage Improvements- Franklin Rd (Blue Bird Car Wash)
129,653
Compactor Relocation/812 Main Street
169,194
_4,253
Parking- Wolfe Field
99,106
-------- - ------- ------
20,147
Vineyard Public Space- Kimball and 9th street Alley
532,710
474,922
Alley Improvements
550,000
544,843
Florida & Ustick Roundabout
1,600,000
6th Ave Pedestrian Bridge upgrades
50,000
- ---------
Luby Park Irrigation System
300,000
74,448
Account # Account Title 2022-2023 2023-2024
Maintenance & Operations
Bond
99810
Budget
Budget
3
T)f Remodel
34 000
;F
Underground Power (alley) . ; A'
250000
766 Z�
dx tiu°,
Dowuto�Yn Signage Wayfind =
245,000,
$ ° '' 225995°
Ustick Wadening Indj*ri Creek,B
Wolfe Pxel'd- HLtmg Facility
2 00 000
-200 000"�
_ ,
Foundation ]lice -House .tea
'� I54200u
129468y
Total Projects
22,655,450
5,5149145
Nuts
Sewer Bond Series 2006 Principal Payment
720,000
Sewer Bond Series 2006 Interest Payment
18,000
Sewer Bond Series 2008 Principal
720,000
Sewer Bond Series 2008 Interest
30,600
Bond Trustee services
3,500
Total Capital Expenditures
1,492,100
TOTAL BUDGET
Caldwell Urban Renewal Agency
Revenue Budget - FY 2024
October 1, 2023 - September 30, 2024
Fund - 96 Urban Renewal Fund
Revenues
$ 24,298,387 $ 5,628,619
2022-2023
Budget
2023-2024
Budget
31100
INCREMENT REVENUE - East RAA #1 URA
10,760,793
31100
INCREMENT REVENUE - North RAA #2 URA
64,678
85,000
31102
PROPERTY TAX REPLACEMENT
115,705
34190
MISCELLANEOUS REVENUE
-
36106
CLAIMS INTEREST REVENUE
60,000
36110
STATE POOL INTEREST REV
1,200
24,000
TOTAL REVENUE
$ 109942,376
$ 169,000
FUND BALANCE $ (13,356,011) $ (5,4599619)