HomeMy WebLinkAboutURA RES 2003-02 RESOLUTION NO.
A RESOLUTION OF THE URBAN RENEWAL AGENCY OF THE CITY OF
CALDWELL, IDAHO RECOMMEDING AND ADOPTING AMEDMENTS TO THE
URBAN RENEWAL PLAN, WORKABLE PROGRAM AND IMPLEMENTATION
PLAN, WHICH AMENDMENTS INCLUDE NEW PROJECTS AND AN EXPANSION
OF THE REVENUE ALLOCATION AREA AND FINANCING PROVISIONS;
AUTHORIZING THE CHAIRMAN AND THE SECRETARY OF THE AGENCY TO
TAKE APPROPRIATE ACTION; AND PROVIDING FOR THIS RESOLUTION TO BE
EFFECTIVE UPON ITS PASSAGE AND APPROVAL.
THIS RESOLI-ITION, made on the date hereirlafter 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 (hereinafter the "Law"), a duly created and functioning Urban
Renewal Agency for Caldwell, Idaho, hereinafter referred to as the "Agency."
WHEREAS, on or about October 19, 1998 the City of Caldwell, through its Mayor and
City Council, passed Resolutions 88-98 and 89-98 creating an urban renewal agency, pursuant to
Chapter 20, Title 50, Idaho Code, finding one or more areas within the City of Caldwell to be
"deteriorated" or "deteriorating areas" as defined by Idaho Code Section 50-2018(h)(I) and 50-
2903(b), finding one such area to include the East Caldwell area, declaring such area as the
Caldwell East Urban Renewal Area, making additional findings regarding the characteristics of
the area, making the necessary findings required by Idaho Code Section 50-2008(a) and
authorizing the Mayor to appoint five Commissioner for the Agency; and
WHEREAS, the legislature of the State of Idaho has enacted the Local Economic
Development Act, Chapter 29, Title 50, Idaho Code referred to herein as the "Act," authorizing
certain urban renewal agencies, including the Agency, to adopt revenue allocation financing
provisions as part of their urban renewal plans; and j
WHEREAS, there was prepared the Caldwell East Urban Renewal Plan. for the Caldwell
East Urban Renewal Area (the "Plan") which contains revenue allocation financing provisions;
and
WHEREAS, the City Council adopted and approved the Plan in accord with the Law and
the Act by Ordinance No. 2260 on December 21, 1998; and
WHEREAS, under the Law and Act, at Idaho Code Sections 50-2008(e) and 50-2904 the
Plan and its revenue allocation financing provisions may be modified at any time; and
WHEREAS, the 2003 AMENDEMENT TO THE URBAN RENEWAL PLAN for the
CALDWELL EAST URBAN RENEWAL PROJECT including WORKABLE
PROGRAM/IMPLEMENTATION PLAN (hereinafter "2003 AMENDMENTS") attached
1—�, 10—N
hereto as Exhibit "A" and incorporated herein by this reference has been prepared to update the
ongoing purposes of the Agency and it is necessary, and in the best interest of the citizens of the
City of Caldwell, Idaho, for the Agency to recommend approval of the 2003 AMENDMENTS;
and
WHEREAS, the Board of Commissioners of the Agency finds that the equalized assessed
valuation of the taxable property in the revenue allocation area described in the amended
Attachments 1 and 2 of Exhibit "A" is likely to increase as a result of initiation of urban renewal
projects in accordance with the Plan as amended;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS
OF THE URBAN RENEWAL AGENCY OF THE. CITY 7F CALDWEII, IDAHO:
Section 1: That the Board specifically adopts the 2003 AMENDMENTS.
Section 2: That the Agency recommends that the 2003 AMENDMENTS be adopted
by the Caldwell City Council.
Section 3: That this Resolution constitutes the necessary action of the Agency under
the Act, Section 50-2905, recommending approval by the City Council.
Section 4: The Chairman, and the Secretary of the Agency are hereby authorized and
directed to take all steps necessary and convenient to submit the proposed 2003
AMENDMENTS for approval by the adoption of the revenue allocation financing provisions by
the City Council and submittal of the 2003 AMENDMENTS to the various taxing entities as
required by Idaho Code Section 50-2906.
Section 5: That this Resolution shall be in full force and effect immediately upon its
adoption and approval.
ADOPTED AND APPROVED THIS-' day of , 2003.
CH
ATTEST:
TAR