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HomeMy WebLinkAbout2020-06-17 Joint URA-City Council Workshop.•'.,� OF CALF •.•'. .�O •.....• ��: ��'•.,y COUNT..°�• JOINT WORKSHOP SESSION Caldwell City Council .- Caldwell Urban Renewal Agency Wednesday June 17, 2020 6:00 p.m. TO BE HELD AT: Caldwell Police Department Community Room 110 South 5en Avenue Caldwell AGENDA Presentation by Alan Dornfest from the Idaho State Tax Commission regarding the Caldwell Urban Renewal Agency's revenue allocation area/dissolution and legislative changes from the 2020 session. Posted: 05-14-2020 SPECIAL MEETING Caldwell Urban Renewal Agency and Joint Workshop with Caldwell City Council June 17,2020 6:00 P.M. Mayor Nancolas opened the meeting at 6:00 p.m. and welcomed those in attendance. City Council Members Present: Pollard (via Zoom), McGee, Allgood, Wagoner, Hopper, and Callsen Urban Renewal Agency Commissioners Present: Hopper, Porter, Warwick, Wagoner, Allgood, and Ramirez. Attendees also included representatives from the City of Caldwell Fire Department (Mark Wendelsdorf and Steve Donahue), Canyon County (Brian Stender and Steve Onofrei), Caldwell Economic Development Department (Steven Jenkins and Steven Fultz [via Zoom]), Caldwell Finance Department (Carol Mitchell and Rachelle Castleberry [via Zoom]),the Engineering Department (Robb MacDonald) and the City Clerk (Debbie Geyer) Idaho State Tax Commission: Alan Domfest and Archie Keeton (PRESENTATION BY ALAN DORNFEST FROM THE IDAHO STATE TAX COMMISSION REGARDING THE CALDWELL URBAN RENEWAL AGENCY'S REVENUE ALLOCATION/DISSOLUTION AND LEGISLATIVE CHANGES FROM THE 2020 SESSION) Mr. Domfest provided a PowerPoint presentation entitled "URA and the New Construction Roll — the Effect on Property Taxes and Property Tax Administration." Discussion was held concerning the process required to sunset an Urban Renewal Agency Revenue Allocation Area. It was recommended by the Canyon County staff members in attendance that the required ordinance be submitted by the City of Caldwell to Canyon County in January or February within the year of dissolution. Copies of the approved ordinance document must also be provided to the Idaho Tax Commission. Mr. Domfest reported that the Caldwell Urban Renewal Agency was established in 1998; therefore, is not required to sunset within a twenty-year period as set in order by legislation in 2011. A dissolution timeline for the Caldwell East Revenue Allocation Area was provided by Brian Onofrei of Canyon County: Enter Dissolution Year: Final Increment Revenue Disbursement: Final Assessment Year: Notification Deadline: Caldwell East RAA Dissolution Timeline July 2023 2022 September 1, 2023 Notification of Dissolution 2022 Provided On or Before: May 1, 2023 Estimated New Construction Value: Yes Final New Construction Value: Yes Update Final New Construction Values Not Required Page 1 of 3 District Budget Capacity Increase Available Yes Provided On or Before: July 1, 2023 Estimated New Construction Value: No Final New Construction Value: Yes Update Final New Construction on 4th Monday in July Values Not Required District Budget Capacity Increase Required Available Yes Provided On or Before: July 31, 2023 Estimated New Construction Value: No Final New Construction Value: No *Final New Construction Value Reported on 4th Monday in July Update Final New Construction Values Required District Budget Capacity Increase Available Yes Provided Between: August 01, 2023 and September 01, 2023 Estimated New Construction Value: No Final New Construction Value: No Update Final New Construction Values No District Budget Capacity Increase Available No *Increment Value Applied to Following Year's New Construction Value Urban Renewal Legislative Update: A review of new legislation pertaining to urban renewal agencies was provided by Mr. Dornfest. He noted that House Bill 560 and House Bill 587 is effective July 1. 2020, noting that Title 50 within the Idaho State Code outlines the Urban Renewal Agency requirements. No decisions were made or action taken within the workshop session. (ADJOURNMENT) MOVED by Hopper, SECONDED by Allgood to adjourn at 4:37 p.m. MOTION CARRIED Page 2 of 3 ATTEST: Debbie Geyer, Ul Secret 20. 0THE c, -'%•. r OQpUor; (� 7 SEAL Page 3 of 3