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HomeMy WebLinkAboutRecorded OrdinanceADA COUNTY RECORDER Phil McGrane 2021-110070 BOISEIDAHO Pgs=45 NIKOLA OLSON 07/23/2021 08:22 AM CITY OF MERIDIAN, IDAHO NO FEE BY THE CITY COUNCIL: BERNT, BORTON, CAENER, HOAGLUN, PERREAULT, STRADER WHEREAS, the Urban Renewal Agency of the City of Meridian, Idaho, also known as Meridian Development Corporation ("MDC" or "Agency") is an independent public body, corporate and politic, an urban renewal agency created by and existing under the authority of and pursuant to the Idaho Urban Renewal Law of 1965, Title 50, Chapter 20, Idaho Code, as amended and supplemented (the "Law") and the Local Economic Development Act, Chapter 29, Title 50, Idaho Code, as amended (the "Act"); WHEREAS, on October 8, 2002, the City Council (the "City Council") of the City of Meridian, Idaho (the "City"), after notice duly published conducted a public hearing on the Meridian Revitalization Plan Urban Renewal Project, which is also referred to as the Downtown District (the "Downtown District Plan"); WHEREAS, following said public hearing, the City Council on December 3, 2002, adopted Ordinance No. 02-987 approving the Downtown District Plan, making certain findings and establishing the Downtown District revenue allocation area (the "Downtown District Project Area"); WHEREAS, the City Council, after notice duly published, conducted a public hearing on the First Amendment to the Meridian Revitalization Plan Urban Renewal Project (the "First Amendment to the Downtown District Plan"); WHEREAS, following said public hearing, the City Council on June 9, 2020, adopted Ordinance No. 20-1881 approving the First Amendment to the Downtown District Plan deannexing certain parcels and making certain findings (collectively, the Downtown District Plan, and amendments thereto, are referred to as the "Existing Downtown District Plan," and the Downtown District Project Area, and amendments thereto, are referred to as the "Existing Downtown District Project Area"); WHEREAS, the Agency seeks to further amend the Existing Downtown District Plan to deannex two (2) areas from the Existing Downtown District Project Area as described in the Second Amendment defined below; WHEREAS, the Agency has reviewed the financial impact of the deannexation on its allocation of revenue and has concluded the remaining allocation of revenue is sufficient to pay its operations and obligations and to continue to implement the terms of the Existing Downtown District Plan; WHEREAS, the Agency has prepared the Second Amendment to the Meridian Revitalization Plan Urban Renewal Project (the "Second Amendment'), as set forth in Exhibit 1 attached hereto, identifying the area to be deannexed from the Existing Downtown District Project Area; WHEREAS, the Second Amendment amends the Existing Downtown District Plan, which contains provisions of revenue allocation financing as allowed by the Act; WHEREAS, on May 12, 2021, the Agency Board passed Resolution No. 21-023 proposing and recommending the approval of the Second Amendment; WHEREAS, the Agency submitted the Second Amendment to the Mayor and City; WHEREAS, the Mayor and City Clerk have taken the necessary action in good faith to process the Second Amendment consistent with the requirements set forth in Idaho Code Sections 50-2906 and 50-2008; WHEREAS, as of May 18, 2021, the Second Amendment was submitted to the affected taxing entities, available to the public, and under consideration by the City Council; WHEREAS, notice of the public hearing of the Second Amendment was caused to be published by the Meridian City Clerk in the Meridian Press on May 21, 2021, and June 4, 2021, a copy of said notices are attached hereto as Exhibit 2; WHEREAS, pursuant to the Law, at a meeting held on June 3, 2021, the Meridian Planning and Zoning Commission considered the Second Amendment and found by P&Z Resolution No PZ-21-03 that the Second Amendment is in all respects in conformity with the City of Meridian Comprehensive Plan, as may be amended (the "Comprehensive Plan") and forwarded its findings to the City Council, a copy of which is attached hereto as Exhibit 3; WHEREAS, as required by Idaho Code Section 50-2906, the Second Amendment was made available to the general public and all taxing districts at least thirty (30) days prior to the July 6, 2021, regular meeting of the City Council; DEANNEXATION ORDINANCE 21-1933 - 2 Page 153 WHEREAS, appropriate notice of the Second Amendment and the impact on the revenue allocation provision contained therein has been given to the taxing districts and to the public as required by Idaho Code Sections 50-2008 and 50-2906; WHEREAS, the City at its regular meeting held on July 6, 2021, held a public hearing and considered the Second Amendment as proposed, and made certain comprehensive findings; WHEREAS, it is in the best interests of the citizens of the City to adopt the Second Amendment; WHEREAS, the Second Amendment amends a pre -July 1, 2016, urban renewal plan containing a revenue allocation financing provision; and therefore, pursuant to Idaho Code Section 50-2903(4), there is no reset of the base assessment roll to the current values for the remaining Existing Downtown District Project Area; WHEREAS, the City Council finds that the equalized assessed valuation of the taxable property in the Existing Downtown District Project Area is likely to increase, and continue to increase, as a result of initiation and continuation of urban renewal projects in accordance with the Existing Downtown District Plan. NOW, THEREFORE, BE IT ORDAINED BY THE MAYOR AND COUNCIL OF THE CITY OF MERIDIAN,Dit O SECTION l: The Second Amendment attached hereto as Exhibit 1 and made a part hereof, is hereby approved. As directed by the City Council, the City Clerk may make certain technical corrections or revisions in keeping with the information and testimony presented at the July 6, 2021, hearing, and incorporate changes or modifications, if any. SECTION 2: No direct or collateral action challenging the Second Amendment shall be brought prior to the effective date of this Ordinance or after the elapse of thirty (30) days from and after the effective date of this Ordinance adopting the Second Amendment. SECTION 3: Upon the effective date of this Ordinance, the City Clerk is authorized and directed to transmit to the County Auditor and Ada County Assessor, and to the appropriate officials of Ada County Board of County Commissioners, City of Meridian, Ada County Highway District, Joint School District No 2, Ada County Ambulance/EMS, Meridian Cemetery District, College of Western Idaho, Meridian Library District, Mosquito Abatement District, the Western Ada Recreation District, and the State Tax Commission a copy of this Ordinance, a copy of the legal descriptions of the boundaries of the deannexed areas, and the maps indicating the boundaries of the areas to be deannexed from the Existing Downtown District Project Area. SECTION 4: This Ordinance shall be in full force and effect immediately upon its passage, approval, and publication, and shall be retroactive to January 1, 2021, to the extent permitted by the Law and the Act, with the remaining Existing Downtown District Project Area maintaining its base assessment roll as of January 1, 2002. DEANNEXATION ORDINANCE 21-193 3 - 3 SECTION 5: The provisions of this Ordinance are severable, and if any provision of this Ordinance or the application of such provision to any person or circumstance is declared invalid for any reason, such declaration shall not affect the validity of remaining portions of this Ordinance. SECTION 6: The Summary of this Ordinance, a copy of which is attached hereto as Exhibit 4, is hereby approved. SECTION 7: All ordinances, resolutions, orders or parts thereof in conflict herewith are hereby repealed, rescinded and annulled. SECTION 8: SAVINGS CLAUSE: This Ordinance does not affect an action or proceeding commenced or right accrued before this Ordinance takes effect. PASSED by the City Council of the City of Meridian, Idaho, this 13th day of July 2021. APPROVED by the Mayor of the City of Meridian, Idaho, this 13th day of July 2021. APPROVED: ATTEST: Robert E. Si isoji, Mayor Chris John n, City C 4 DEANNEXATION ORDINANCE 21-1933 - 4 STATE OF IDAHO ) ss: County of Ada On this 13t" day of July, 2021, before me, the undersigned, a Notary Public in and for said State, personally appeared ROBERT E. SIMISON and CHRIS JOHNSON, known to me to be the Mayor and City Clerk respectively, of the City of Meridian, and who executed this within instrument, and acknowledged to me that the City of Meridian executed the same. IN WITNESS WHEREOF, I have hereunto set me had and official seal the day and year first above written. CHARL.ENE WAY COMMISSION ## 67390 NOTARY PUBLIC STATE OF IDAHO MY COMMISSION EXPIRES 3128122 Cha&ycWo-,q NOTARY PUBLIC FOR THE STATE �IAHO RESIDING AT: Meridian, Idaho MY COMMISSION EXPIRES: 3-28-2022 Exhibit I SECOND AMENDMENT TO THE MERIDIAN REVITALIZATION PLAN URBAN RENEWAL PROJECT Page 156 11F."Wo W MERIDIAN URBAN RENEWAL AGENCY (also known as the Meridian (Development Corporation) Ordinance No. 02-987 Adopted December 3, 2002 Effective December 2002, publication First Amendment to the Plan Ordinance No. 20-1881 Adopted June 9, 2020 Effective June 19, 2020, publication Second Amendment to the Plan Ordinance No.21-1933 Adopted 7-13 92021 Effective 7-23 , 2021, publication SECOND AMENDMENT TO THE MERIDIAN REVITALIZATION PLAN URBAN RENEWAL PROJECT- 1 Page 157 This Second Amendment ("Second Amendment") to the Meridian Revitalization Plan Urban Renewal Project (the "Plan") amends the Plan for the following purposes: (1) to deannex approximately 77 acres (including right-of-way) generally bounded by Meridian Road on the west and E. Fairview Avenue on the north. The eastern boundary extends south along what would be E. 4t" Street if extended, over to E. 3rd Street. The southern boundary extends to E. Pine Avenue between E. 3rd Street and E. 2nd Street, and then travels up E. 2nd Street and over E. Washington Avenue to connect back to Meridian Road. This deannexation is from the plan area/revenue allocation area created by the Plan commonly referred to as the "Downtown District Project Area," adopted by Meridian City Council Ordinance No. 02-987, on December 3, 2002, as amended by the First Amendment to the Plan in 2020, which deannexed approximately 16 acres from the Downtown District Project Area, as adopted by Meridian City Council Ordinance No. 20-1881, on June 9, 2020 (the "First Amendment"); and (2) to deannex approximately 1.46 acres (including right-of-way) from the Downtown District Project Area, as amended by the First Amendment, and generally bounded by E. Idaho Avenue on the north, NE 2nd Street on the east, a portion of Broadway Avenue on the south, and E. Main Street on the west. The scope of this Second Amendment is limited to addressing the deannexation of certain parcels from the Downtown District Project Area, as amended by the First Amendment. It is important to note this Second Amendment to the Plan does not extend the Plan's duration. The Plan terminates on December 31, 2026; however, revenue allocation proceeds will be received in 2027 pursuant to Idaho Code § 50- 2905(7). As a result of this second deannexation, in 2021 through the remaining years of the Plan, the Urban Renewal Agency of the City of Meridian, Idaho, also known as the Meridian Development Corporation (the "MDC") will cease receiving an allocation of revenues from the deannexed parcels. The increment value of the parcels deannexed from the Downtown District Project Area pursuant to this Second Amendment shall be included in the net taxable value of the taxing district when calculating the subsequent property tax levies pursuant to section 63-803, Idaho Code. The increment value shall also be included in subsequent notification of taxable value for each taxing district pursuant to section 63-1312, Idaho Code, and subsequent certification of actual and adjusted market values for each school district pursuant to section 63-315, Idaho Code. The Ada County Assessor's Office maintains the value information, including the increment value, if any, included on the new construction roll for new construction associated with the deannexed parcels. House Bill 606, effective July 1, 2016, amended the Local Economic Development Act, Chapter 29, Title 50, Idaho Code, as amended (the "Act") firmly establishing "[flor plans adopted or modified prior to July 1, 2016, and for subsequent modifications of those urban renewal plans, the value of the base assessment roll of property within the revenue allocation area shall be determined as if the modification had not occurred." Idaho Code § 50-2903(4). Though the provisions of Idaho Code § 50-2903A do not apply to the Plan, a plan amendment or modification to accommodate a de -annexation in the revenue allocation area boundary is a specifically identified exception to a base reset. Idaho Code § 50-2903A(1)(a)(iii). This highlights the legislative support for these types of amendments. SECOND AMENDMENT TO THE MERIDIAN REVITALIZATION PLAN URBAN RENEWAL PROJECT- 2 Page 158 1. Definitions. Capitalized terms not otherwise defined herein shall have the respective meanings ascribed to such terms in the Plan, as amended by the First Amendment to the Plan. 2. The following defined terms are amended throughout the Plan as amended by the First Amendment to the Plan as follows: (a) Delete "Amended Project Area" and replace with "Second Amended Project Area" except where specifically referenced in this Second Amendment. (b) Delete references to "Attachment 5" and replace with "Attachment 5, as supplemented by Attachments 5A and 513" except where specifically referenced in this Second Amendment. 3. Amendment to List of Attachments. The List of Attachments on page vi of the Plan, as amended by the First Amendment to the Plan, is further amended by deleting the list of attachments and replacing it as follows: Attachment 1 Legal Description of the Project Area and Revenue Allocation Area Boundaries Attachment 1 A Legal Description of the Boundary of the Deannexed Area Attachment 1 B Legal Description of the Boundaries of the 2021 Deannexed Areas Attachment 2 Project Area -Revenue Allocation Area Boundary Map Attachment 2A Boundary Map of the Deannexed Area Attachment 2B Boundary Maps of the 2021 Deannexed Areas Attachment 3 Properties Which May be Acquired by the Agency Attachment 4 Map Depicting Expected Land Uses and Current Zoning Within the Second Amended Project Area Attachment 5 Economic Feasibility Study, Meridian Urban Renewal Area Attachment 5A Supplement to the Economic Feasibility Study: Financial Analysis Related to the 2020 Deannexation Attachment 513 Second Supplement to the Economic Feasibility Study: Financial Analysis Related to the 2021 Deannexation 4. Amendment to Section 100 of the Plan as amended by the First Amendment to the Plan. Section 100, as amended by the First Amendment to the Plan, is amended by deleting the list of attachments and replacing it as follows: SECOND AMENDMENT TO THE MERIDIAN REVITALIZATION PLAN URBAN RENEWAL PROJECT- 3 Page 159 Legal Description of the Project Area and Revenue Allocation Area Boundaries (Attachment 1); Legal Description of the Boundary of the Deannexed Area (Attachment IA); Legal Description of the Boundaries of the 2021 Deannexed Areas (Attachment 1 B); Project Area -Revenue Allocation Area Boundary Map (Attachment 2); Boundary Map of the Deannexed Area (Attachment 2A); Boundary Maps of the 2021 Deannexed Areas (Attachment 213); Properties Which May be Acquired by the Agency (Attachment 3); Map Depicting Expected Land Uses and Current Zoning Within the Second Amended Project Area (Attachment 4); Economic Feasibility Study, Meridian Urban Renewal Area (Attachment 5); Supplement to the Economic Feasibility Study: Financial Analysis Related to the 2020 Deannexation (Attachment 5A); Second Supplement to the Economic Feasibility Study: Financial Analysis Related to the 2021 Deannexation (Attachment 513). Amendment to Section 102.1 of the Plan, as amended by the First Amendment to the Plan. (a) Section 102.1 entitled "CONFORMANCE WITH STATE OF IDAHO URBAN RENEWAL LAW OF 1965, AS AMENDED" is amended by adding new paragraphs to the end of the language added by the First Amendment to the Plan as follows: Subsequent to the First Amendment, in 2021, the Agency and City reviewed two additional areas for deannexation from the original Project Area, as amended by the First Amendment, as follows: approximately 77 acres (including right-of-way) generally bounded by Meridian Road on the west and E. Fairview Avenue on the north. The eastern boundary extends south along what would be E. 4tn Street if extended, over to 3rd Street. The southern boundary extends to E. Pine Avenue between E. 3rd Street and E. 2nd Street, and then travels up E. 2nd Street and over E. Washington Avenue to connect back to Meridian Road; and approximately 1.46 acres (including right-of-way) generally bounded by E. Idaho Avenue on the north, NE 2nd Street on the east, a portion of Broadway Avenue on the south, and E. Main Street on the west. SECOND AMENDMENT TO THE MERIDIAN REVITALIZATION PLAN URBAN RENEWAL PROJECT- 4 Page 160 This Second Amendment to the Plan (the "Second Amendment") deannexes certain parcels from the original Project Area, as amended by the First Amendment, resulting in a "Second Amended Project Area" as further described and shown in Attachments 1, 1A, 1B, 2, 2A, and 2B. This Second Amendment was prepared and submitted to MDC for its review and approval. MDC approved the Second Amendment by the adoption of Resolution No. 21-023 on May 12, 2021 and submitted the Second Amendment to the City Council with its recommendation for adoption. In accordance with the Law, this Second Amendment was submitted to the Planning and Zoning Commission of the City of Meridian. After consideration of the Second Amendment, the Commission filed Resolution PZ-21-03 dated June 3, 2021, with the City Council stating that the Second Amendment is in conformity with the Comprehensive Plan for the City of Meridian, adopted on December 17, 2019, by Resolution No. 19-2179. Pursuant to the Law, the City Council, having published due notice thereof, held a public hearing on the Second Amendment. Notice of the hearing was duly published in a newspaper having general circulation in the City. The City Council adopted the Second Amendment on 7-13 , 2021, pursuant to Ordinance No. 21-1933 6. Amendment to Section 200 of the Plan as amended by the First Amendment to the Plan. (a) Section 200, as amended by the First Amendment to the Plan, entitled "DESCRIPTION OF THE AMENDED PROJECT AREA" is deleted and replaced as follows: DESCRIPTION OF THE SECOND AMENDED PROJECT AREA The boundaries of the Project Area and of the Revenue Allocation Area are described in Attachment 1, which is attached hereto and incorporated herein by reference, and are shown on the Project Area and Revenue Allocation Area Boundary Map, attached hereto as Attachment 2 and incorporated herein by reference. The Project Area includes several parcels of property which are located outside the geographical boundaries of the City but within the City's impact area. MDC has an existing agreement with Ada County related to such parcels. The First Amendment and the Second Amendment have no impact on that agreement. SECOND AMENDMENT TO THE MERIDIAN REVITALIZATION PLAN URBAN RENEWAL PROJECT- 5 Page 161 Pursuant to the First Amendment, the boundaries of the deannexed area are described in the Legal Description of the Boundary of the Deannexed Area in Attachment I and are shown on the Boundary Map of the Deannexed Area in Attachment 2A. Pursuant to the Second Amendment, the boundaries of the deannexed areas are described in the Legal Description of the Boundaries of the 2021 Deannexed Areas in Attachment 1 B and are shown on the Boundary Maps of the 2021 Deannexed Areas in Attachment 2B. The attachments referenced above are attached hereto and are incorporated herein by reference. 7. Amendment to Section 302 of the Plan, as amended by the First Amendment to the Plan. (a) Section 302, as amended by the First Amendment to the Plan, is further amended by deleting the first sentence of the second paragraph and replacing it as follows: The Second Amended Project Area includes the area as described in Section 200. 8. Amendment to Section 504 of the Plan, as amended by the First Amendment to the Plan. (a) Section 504, as amended by the First Amendment to the Plan, is further amended by deleting the second sentence of the first paragraph and replacing it as follows: Revenue allocation financing authority for the deannexed parcels pursuant to the First Amendment was terminated effective January 1, 2020, and revenue allocation financing authority for the deannexed parcels pursuant to the Second Amendment will be terminated effective January 1, 2021. (b) Section 504, as amended by the First Amendment to the Plan, is further amended by deleting the last sentence of the fourth paragraph and replacing it as follows: No modifications to the analysis set forth in Attachment 5 have been made as a result of the First Amendment or the Second Amendment. The estimated financial impact to the MDC as a result of the deannexation of certain underdeveloped parcels from the original Project Area pursuant to the First Amendment is set forth in Attachment 5A. The estimated financial impact to the MDC as a result of the 2021 deannexation of certain parcels from the Amended Project Area pursuant to the Second Amendment is set forth in Attachment 5B. 9. Amendment to Section 504.1 of the Plan as amended by the First Amendment to the Plan. (a) Section 504.1, as amended by the First Amendment to the Plan, is further amended by deleting the last sentence at the end of the paragraph and replacing it as follows: No modifications to the Study have been made as a result of the First Amendment or this Second Amendment; however, Attachment 5A includes the estimated financial impact to the MDC SECOND AMENDMENT TO THE MERIDIAN REVITALIZATION PLAN URBAN RENEWAL PROJECT- 6 Page 162 prepared by Kushlan I Associates and SMR Development, LLC as a result of the first deannexation of certain underdeveloped parcels from the original Project Area pursuant to the First Amendment, and Attachment 5B includes the estimated financial impact to the MDC prepared by Kushlan Associates as a result of the second deannexation of certain parcels from the original Project Area, as amended by the First Amendment, pursuant to the Second Amendment. 10, Amendment to Section 504.3 of the Plan, as amended by the First Amendment to the Plan_ (a) Section 504.3, as amended by the First Amendment to the Plan, is further amended by deleting the sentence at the end of the paragraph and replacing it as follows: The deannexation of parcels from the original Project Area pursuant to the First Amendment and the Second Amendment does not substantively change this analysis. As a result of the deannexations, the base assessment roll value will decrease. 11. Amendment to Section 504.4 of the Plan as amended by the First Amendment to the Plan. (a) Section 504.4, as amended by the First Amendment to the Plan, is further amended by deleting the sentence at the end of the second paragraph and replacing it as follows: The deannexation of parcels from the original Project Area pursuant to the First Amendment reduced the amount of revenue generated by revenue allocation as set forth in Attachment 5A. The deannexation of parcels from the original Project Area pursuant to this Second Amendment is estimated to reduce the amount of revenue generated by revenue allocation as set forth in Attachment 5B. (b) Section 504.4, as amended by the First Amendment to the Plan, is further amended by adding a new sentence at the end of the third paragraph as follows: Attachment 5B includes the estimated financial impact to the MDC as a result of the second deannexation of certain parcels from the original Project Area, as amended by the First Amendment to the Plan. Based on the findings set forth in Attachment 513, the conclusion is the second deannexation of certain parcels from the original Project Area, as amended by the First Amendment to the Plan, does not materially reduce revenue allocation and the Project continues to be feasible. 12. Amendment to Section 800 of the Plan, as amended by the First Amendment to the Plan. (a) Section 800, as amended by the First Amendment to the Plan, is further amended by adding a new sentence at the end of the first paragraph as follows: The deannexation of parcels from the original Project Area, as amended by the First Amendment, pursuant to this Second Amendment has no impact on the duration of this Plan. 13. Amendment to Plan, as amended by the First Amendment to the Plan to add new Attachment 1B. The Plan, as amended by the First Amendment to the Plan, is further amended to add new Attachment 1B entitled "Legal Description of the Boundaries of the 2021 Deannexed Areas," attached hereto. SECOND AMENDMENT TO THE MERIDIAN REVITALIZATION PLAN URBAN RENEWAL PROJECT- 7 Page 163 14. Amendment to Plan, as amended by the First Amendment to the Plan to add new Attachment 2B. The Plan, as amended by the First Amendment to the Plan, is further amended to add new Attachment 213 entitled "Boundary Maps of the 2021 Deannexed Areas," attached hereto. 15. Amendment to Plan, as amended by the First Amendment to the Plan to add new Attachment 5B. The Plan, as amended by the First Amendment to the Plan, is further amended to add new Attachment 513 entitled "Second Supplement to the Economic Feasibility Study: Financial Analysis Related to the 2021 Deannexation," attached hereto. 16. Downtown District Plan, as amended by the First Amendment to the Plan Remains in Effect. Except as expressly modified in this Second Amendment, the Plan and the Attachments thereto, as amended by the First Amendment to the Plan, remain in full force and effect. SECOND AMENDMENT TO THE MERIDIAN REVITALIZATION PLAN URBAN RENEWAL PROJECT- 8 Page 164 Attachment 1 B Legal Description of the Boundaries of the 2021 Deannexed Areas Page 165 DE -ANNEXATION BOUNDARY DESCRIPTION FOR MERIDIAN DEVELOPMENT CORPORATION NORTHERN GATEWAY A description for De -Annexation purposes located in the NE 1/4 of the NE 1/4 of Section 12, Township 3 North, Range 1 West, also being in the NW 1/4 of Section 7, and in the N 1/2 of the SW 1/4 of Section 7, Township 3 North, Range 1 East, Boise Meridian, Ada County, Idaho, more particularly described as follows: Commencing at a brass cap monument marking the northeasterly corner of said NW 1/4 of Section 7, from which a brass cap monument marking the northwesterly corner of said Section 7 bears S 88°35'17" W a distance of 2404.78 feet; Thence S 88°35'17" W along the northerly boundary of said Section 7 a distance of 630.19 feet to the POINT OF BEGINNING; Thence continuing S 88'35'17" W a distance of 1774.59 feet to a point marking the northwesterly corner of said Section 7; Thence leaving said northerly boundary N 89'26'54" W along the northerly boundary of said NE 1/4 of the NE 1/4 a distance of 357.11 feet to a point; Thence leaving said northerly boundary S 0°33'06" W a distance of 57.00 feet to a point on the southerly right-of-way of W Cherry Lane; Thence along said southerly right-of-way the following described courses: Thence S 62'43'15" E a distance of 12.62 feet to a point on the westerly right-of-way of NW 1st Street; Thence leaving said westerly right-of-way S 86a48'50" E a distance of 60.07 feet to a point on the easterly right-of-way of NW 1st Street; Thence leaving said easterly right-of-way N 66°24'13" E a distance of 12.07 feet to a point; Thence S 89'26'54" E a distance of 182.01 feet to a point; Page 1 of 6 Page 166 Thence S 45a34'48" E a distance of 41.81 feet to a point on the westerly right-of-way of N Meridian Road; Thence leaving said southerly right-of-way and along said westerly right-of-way the following described courses: Thence S 3°25'19" E a distance of 81.40 feet to a point; Thence S 0'23'29" W a distance of 119.26 feet to a point; Thence leaving said westerly right-of-way S 89`36'31" E a distance of 57.50 feet to a point on the westerly boundary of said NW 1/4 of Section 7; Thence N 0°23'29" E along said westerly boundary a distance of 9.32 feet to a point on the extension of the northerly boundary of PARCEL A as shown on Record of Survey No. 10448, instrument No. 2016-028560, found in said office of the Recorder; Thence N 89Q36'58" E along said extension a distance of 46.00 feet to a point marking the northwesterly corner of said PARCEL A; Thence continuing N 89°36'58" E along the northerly boundary of said PARCEL A a distance of 194.02 feet to a point marking the northeasterly corner of said PARCEL A; Thence S 0'23'29" W along the easterly boundaries of said PARCEL A and of PARCEL B of said Record of Survey No. 10448 a distance of 233.00 feet to a point marking the southeasterly corner of said PARCEL 8; Thence S 89'36'58" W along the southerly boundary of said PARCEL B a distance of 50.01 feet to a point; Thence leaving said southerly boundary S 0'23'29" W a distance of 106.39 feet to a point; Thence S 89'36'05" W a distance of 150.01 feet to a point on the easterly right-of-way of N Meridian Road; Thence along said right-of-way the following described courses: Thence S 0'23'29" W a distance of 1015.39 feet to a point; Thence S 23°44'59" E a distance of 9.44 feet to a point on the northerly right-of-way of E Washington Street; Page 2 of 6 Page 167 Thence leaving said easterly right-of-way N 89936'04" E along said northerly right-of-way a distance of 440.45 feet to a point on the westerly right-of-way of N Main Street; Thence leaving said northerly right-of-way N 0*33'24" E along said westerly right-of-way a distance of 256.24 feet to a point on the extension of the northerly boundary of that PARCEL as shown on Record of Survey No. 1171, Instrument No. 8761859, found in said office of the Recorder; Thence leaving said westerly right-of-way N 89°58'13" E along said extension a distance of 80.00 feet to a point marking the northwesterly corner of said PARCEL; Thence continuing N 89'58'13" E along the northerly boundary of said PARCEL a distance of 249.98 feet to a point marking the northeasterly corner of said PARCEL, said point being the northwesterly corner of SCHOOL PLAZA SUBDIVISION NO. 1 as found in Book 64 of plats at Pages 6501— 6502 in said office of the Recorder; Thence along the easterly boundary of said PARCEL and the westerly boundary of said SCHOOL PLAZA SUBDIVISION NO. 1 the following described courses: Thence S 0°33'24" W a distance of 290.72 feet to a point; Thence N 89'26'36" W a distance of 37,00 feet to a point; Thence S 0°33'24" W a distance of 280.00 feet to a point marking the southeasterly corner of said PARCEL and marking the southwesterly corner of said SCHOOL PLAZA SUBDIVISION NO, 1; Thence leaving said boundaries S 0933'24" W along an extension of said boundaries a distance of 60.01 feet to a point on the northerly boundary of Block 5 of F A NOURSES SECOND ADDITION as found in Book 2 of plats at Page 64 in said office of the Recorder; Thence leaving said extension N 89'35'47" E along said northerly boundary a distance of 87.19 feet to a point marking the northeasterly corner of said Block 5; Thence S 0°31'57" W along the easterly boundary of said Block 5 a distance of 255.99 feet to a point marking the southeasterly corner of said Block 5; Thence continuing S 0°31'57" W a distance of 80.01 feet to a point marking the northeasterly corner of Block 2 of said FA NOURSES SECOND ADDITION; Page 3 of 6 Page 168 Thence continuing 5 0°31'57" W along the easterly boundary of said Block 2 a distance of 256.02 feet to a point marking the southeasterly corner of said Block 2; Thence S 0°32'08" W a distance of 80.01 feet to a point on the southerly right-of-way of E Pine Avenue as shown on Record of Survey No. 11653, Instrument No. 2018-119154, found in said office of the Recorder; Thence along said southerly right-of-way the following described courses: Thence N 89°35'22" E a distance of 80.01 feet to a point marking the northwesterly corner of that right-of-way vacated to adjoining owners, as described in Instrument No. 98218, of Block 7 of the amended plat of the TOWNSITE OF MERIDIAN as found in Book 1 of plats at Page 30 in said office of the Recorder; Thence continuing N 89°35'22" E a distance of 308.78 feet to a point marking the northeasterly corner of said vacated right-of-way of Block 1 of the amended plat of ROWAN ADDITION as found in Book 2 of plats at Page 52 in said office of the Recorder; Thence continuing N 89°35'22" E a distance of 80.04 feet to a point marking the northwesterly corner of said vacated right-of-way of Bock 6 of said amended plat of ROWAN ADDITION; Thence leaving said southerly right-of-way N 0'58'55" E a distance of 80.02 feet to a point marking the southwesterly corner of Block 3 of COTTAGE HOMEADDITION as found in Book 1 of plats at Page 42 in said office of the Recorder; Thence N 0'37'13" E along the westerly boundary of said Block 3 a distance of 256.03 feet to a point marking the northwesterly corner of said Block 3; Thence continuing N 0°37'13" E a distance of 80.01 feet to a point marking the southwesterly corner of Block 6 of said COTTAGE HOME ADDITION; Thence continuing N 0'37'13" E along the westerly boundary of said Block 6 a distance of 255.93 feet to a point marking the northwesterly corner of said Block 6; Thence N 89°35'47" E along the northerly boundary of said Block 6 a distance of 299.64 feet to a point marking the northeasterly corner of said Block 6; Thence continuing N 89n35'47" E a distance of 99.67 feet to a point the northwesterly corner of Lot 1 of Block 1 of EASTSIDE PARK SUBDIVISION as found in Book 20 of plats at Pages 1312 — 1313 in said office of the Recorder; Page 4 of 6 Page 169 Thence continuing N 89°35'47" E along the northerly boundary of said Lot 1 a distance of 12.32 feet to a point on an extension of the easterly boundary of Lot 1 of Block 3 of said EASTSIDE PARK SUBDIVISION; Thence leaving said northerly boundary N 0'34'47" E a distance of 60.01 feet to the southeasterly corner of said Lot 1 of Block 3; Thence S 89'35'47" W along the southerly boundary of said Lot 1 a distance of 71.98 feet to the southwesterly corner of said Lot 1; Thence N 0'35'03" E along the westerly boundary of said Lot 1 a distance of 120.38 feet to the northwesterly corner of said Lot 1; Thence N 89°35'47" E along the northerly boundary of said Lot 1 a distance of 11,00 feet to a point; Thence leaving said northerly boundary N 0'35'00" E a distance of 120.38 feet to a point on the northerly boundary of said Block 3; Thence N 89'35'47" E along said northerly boundary a distance of 10.60 feet to a point on the extension of the easterly right-of-way of NE 4th Street; Thence leaving said northerly boundary N 0'34'47" E along said extension a distance of 30.00 feet to a point on the centerline of E Washington Avenue; Thence leaving said extension S 89a35'47" W along said centerline a distance of 30.00 feet to a point marking the intersection of said E Washington Avenue and NE 4th Street; Thence leaving said centerline of E Washington Avenue N Oa34'47" E along the centerline of said NE 4th Street a distance of 731.98 feet to a point marking the intersection of said NE 4th Street and E Badley Avenue; Thence leaving said centerline of NE 4th Street and continuing N 0'34'47" E along an extension of said centerline of NE 4th Street a distance of 30.00 feet to a point on the southerly boundary of that PARCEL as shown on Record of Survey No. 10184, Instrument No. 2015-067809, found in said office of the Recorder; Thence leaving said extension S 89'32'57" E along said southerly boundary a distance of 102.03 feet to a point marking the southeasterly corner of said PARCEL; Page 5 of 6 Page 170 Thence N 0'35'00" E along the easterly boundary of said PARCEL a distance of 912.62 feet to a point on the southerly right-of-way of E Fairview Avenue; Thence|eavingsaideastedyboundaryandcontinuingN0°3S'0K}"Ealon8anextensionmfsak1 easterly boundary adistance of47.5Ofeet tnthe POINT OFBEGINNING, This parcel contains approximately 77.090 acres. NOTE: This description was prepared using record information including Record of Surveys, Subdivision Plats and Deeds acquired from the Ada County Recorder's office, Nofield survey has been performed. Prepared by: Kyle A.Kuom|er,PLS LA Civil Survey Consultants, Incorporated June 8,Z021 Page 6 of 6 URBAN RENEWAL DISTRICT BOUNDARY DESCRIPTION FOR MERIDIAN DEVELOPMENT CORPORATION IDAHO BLOCK A description for Urban Renewal District purposes located in the NW 1/4 of the SW 1/4 of Section 7, Township 3 North, Range 1 East, Boise Meridian, and being a part of Block 4 of the amended plat ofthe TDN/NSITEOFMERIDIAN asfound inBook 1ofplats atPage 3Oiothe office of the Recorder, Ada County, Idaho, more particularly described as follows-, Commencing at a 5/8 inch diameter iron pin marking the intersection of N Main Street and E Idaho Avenue, from which a brass cap monument marking the intersection of NE 2nd Street and EIdaho Avenue bears S08~43'S9"Eadistance of380.OSfeet; Thence S 88'43'59" E along the centerline of said E Idaho Avenue a distance of 40.00 feet to the POINT OF BEGINNING; Thence continuing S 88'43'59" E a distance of 300.04 feet to a point on an extension of the easterly boundary ofsaid Block 4; Thence leaving said centerline S 0'31'47" W a distance of 40.DO feet to a point marking the northeasterly corner ofsaid Block 4; Thence continuing S 0^3l'47"VValong said easterly boundary adistance of256,1]feet toa point marking the southeasterly corner ofsaid Block 4; Thence N 88*44'00" W along the southerly boundary of said Block 4 a distance of 90.05 feet to apoint marking the southwesterly cornerofLotOofsaid8|ock4i Thence leaving said southerly boundary N 0'32'12' E along the westerly boundary of said Lot 8 a distance of 120.07 feet to a point marking the northwesterly corner of said Lot 8; Thence N88'4 59"Walong the northerly boundary ofLots 1-7ofsaid Block 4adistance of 210.09 feet to a point on the westerly boundary of said Block 4, said point being the northwesterly corner of Lot I of said Block 4; Thence N 0*33'09" E along said westerly boundary a distance of 136.07 feet to a point marking the northwesterly corner ofsaid Block, 4; Pace I of 2 Thence continuing N 0'33'09," E on an extension of said westerly boundary a distance of 40.00 feet tothe POINT OF BEGINNING. This parcel contains approximately 1,461 acres. NOTE, This description was prepared using record infVnnation including Record of Surveys, Subdivision Plats and Deeds acquired frorn the Ada County Recorder's office. Nufield survey has been performed. Prepared by: Kyle A.Koum|er,PLS Civil Survey Consultants, Incorporated May 26,lO21 CL KO Page 2ofZ Attachment 2B Boundary Maps of the 2021 Deannexed Areas Page 174 ATTACHMENT 2B -NORTHERN GATEWAY - SKETCH / TO ACCOMPANY DE -ANNEXATION DESCRIPTION FOR MERIDIAN DEVELOPMENT CORPORATION LOCATED IN THE IVE 114 OF THE NE 114 OF SECTION 12, TOWNSHIP 3 NORTH, RANGE 7 WEST, ALSO BEING IN THE NW 114 OF SECTION 7, AND IN THE N 112 OF THE SW 714 OF SECTION 7 TOWNSHIP 3 NORTH, RANGE 7 EAST, BOISE MERIDIAN, ADA COUNTY, IDAHO LEGEND URD BOUNDARY DE —ANNEXATION AREA Y BASIS OF BEARING i/ 1 6 114 S 88'�5'17"' W 24Q4.78' - — S 89 26 54 E 2655.27" 12 7 E A RUEW A E UE W CHERRY LANE / SEE SHEET 2 OF 3 ti �i F. S' E OF J rr O N) N � � f T =o �o S SNFEr J OF 3 Zt 114� c 1/4 J N 89'35 22 rt E 4 2394.97' J �QP LA E PINE AVENUE EN FD � 18780 le a !e A CIVIL SURVEY CONSULTANTS, INC. 2893 SOUTH MERIDIAN ROAD SCALE.- 1 =1000' MERIDIAN, IDAHO 83642 (208)888-4312 SHEET I OF 3 Page 175 i7 _ .� N i GATEWAY s- r/4 a N 2ND TREET CC� _ I 354 7. 11 ' Lo L-1 N N L-2 NGY 1ST S RESTAl Lkc —41 � L-6 V � SCALE 1 "=300' N MERIDIAN ROAD � � ( - L-8� N 0'23 29'" E 2652. 11 ' L-9— 2 1 2362.33'T 280.46' T �+/-r �r� T7-� L1:� C.? E YL 46. 0P " € URD BOUNDARY —12 23J, S 0' 29" w f2DE —ANNEXATION AREA .-N AAA/ STRE /\QOL LAV NS 18780 I F KOOK w / —NE 2ND 1/2 STREET CIVIL SURVEY CONSULTANTS, INC. ; q 2893 SOUTH MERIDIAN ROAD m MERIDIAN, €DAHO 83642 W / ti Z (208)888-4312 f p C d - NE R TR ET LINE DATA m i LINE BEARING DISTANCE L-7 S 0'33"06" W 57.00' N 4TH SjR ET 8 L-2 S 62'43'15" E 1262" 0-j¢ 7" —1 N L-4 N 6628'13" E j 12.07- 1.98 � 47.5Ci' L-5 S 89'2554" E 182.07' ( N 03500 E 960.12' L —5 S 453448 "' EPG1NT OF L-7 S 3'25'19" E 57.40, € BEGIA/NING L —8 ,S 0'2329 " W 1 19.26' L-9 5 89'36J7" E 57.50' I O L-70 N 0.2329" E 9.32' L —1 1 N 89'36'58'" E 240-02' L —12 S 89'36 58 " M✓ 50. 01 ' L-13 S 02329" W 706.39' L —14 S 83'36 05 "" W I50. C 1' L-28 N o'34'47" E 30.00' SHEET 2OF 3 r 4 c --zs s 8s-32'S7" E 7a2o3' / - - Page 176 L"em#4kHMENT _ -NORTHERN GATEWAY N MERIDIAN ROAD SCALE: 1`=300' I14 N O'2329'" E 2652.11' 2.362.33' I__.__� s o;3� y✓ .LEGEND URD 80UNDARY DE -ANNEXATION AREA 4 25 4 , N MAIN STREET LA I 80.00` N 5 S of _0 --� �V �, d G � 340, 01 ' 03324,w L-76 780 p ' 290.72' 181 8 0 i 2 .0 0.01 ' 255.99 ' 180. ` S 33 24 " W /jc� ry 60.0 130.01 ' 3 fI'3J 57� rY 592.02" L� 0 �� �� f NE 2N0 STREEJ i M NE 2ND 1%2 STRE Q � O _ 80.04 ' — Z N 0 37' 3' 597. 8' Q 256.03'_ 80.01 ' 255, 93' W L-19 ;v R , 73>.98 L-23 N NE 4TI-L STREET g C_22 2 Q L - L-24 26H STREET ro L 27 - L -20 F7-j1 NE 5TH STREET NE 5TH STREET LINE DATA I JE BEARING DISTANCE 75 S 23'44 59 " f_ 9, 44' 76 N 8925J,5 " Y✓ 37.00' 35 �r 17 N 89'47" E 87. 13' ( I 18 S O'32 08" W 80.0>' 79 N 0"5855" E 80.02` N O'34`47" E 2694.28' 20 N 034'47" Y✓ 60.07' 21 S 89'3547" W 71.96' 22 N O'3503" E 120.38' CIVIL SURVEY CONSULTANTS, INC. 23 Al 89-35'47" E r r. oo' 2893 SOUTH MERIDIAN ROAD 24 N O'35 00" E 120.38' MERIDIAN, IDAHO 83642 25 N 89'3547" E J0.60"' (20$}$$$ �312 26 ` N o'34'47" E 3o.Qo' ., SHEET 3 OF 3 T7 S e39'3.5'47" vY I 3o.00' Page 177 ATTACHMENT 2B - IDAHO BLOCK SKEFCH TO ACCO1VP,4NX` URSAN RENEWAL DISTRICT DESCRIPTION FOR MERIDIAN DEVELOPMENT CORPORARON LOCATED IN THE NW 114 OF FHE SW 114 OF SECTION 7, TOWNSHIP J NORTH, RA NGE- I EA S T, 301SE MERIDIAN, ADA COUN7Y, IDAHO POINT CIF E IDAHO AVENUE 84515 OF REARINC J80.05' 40. 00' 88*4j 9"' f \'g Lij X\ V N '4J X4 2 88'4J 02' jo. 120,05' h 44 LQ.. .14 40 40. 0.�'-, 20,ql'i N 88'44.'00" 41 70. Ci3" 5 88*44'00" igo. 1,61 E RROADWA)' AVENUE LEGEND_ URZ? 8OUNOAR)' NL AN N S URD AREA 18780 CIVIL SURVEY CONSULTANTS, INC. J"q f 2893 SOUTH MERIDIAN ROAD /I -Z�'v F OF \ MERIDIAN, IDAHO 83642 eeA K O� (208)888-43-12 SCALE.- 1 '�60' Attachment 5B Second Supplement to the Economic Feasibility Study: Financial Analysis Related to the 2021 Deannexation 4851-4344-7734, v. 3 Page 179 Attachment 5B Memo to: Meridian Development Corporation Board of Commissioners Ashley Squyres, MDC Administrator Meghan Conrad, Counsel From: Phil Kushlan, Principal, Kushlan ( Associates Subject: Fiscal Impact of de -annexation Date: April 28, 20211 We have been retained to analyze the fiscal impact of removing two distinct geographic areas from the existing Meridian Revitalization Plan Urban Renewal Project Area, also referred to as the Downtown District. The first area is generally bounded by Meridian Road on the west and E. Fairview Avenue on the north. The eastern boundary extends south along what would be E. 4th Street if extended, over to 3rd Street. The southern boundary extends to E. Pine Avenue between E. 3rd Street and E. 2nd Street, and then travels up E. 2nd Street and over E. Washington Avenue to connect back to Meridian Road. This area is generally referred to as the "Northern Gateway Area." The purpose of the de -annexation of the Northern Gateway Area would be to allow the inclusion of these properties into a proposed Northern Gateway Urban Renewal District. The second area is generally bounded by E. Idaho Avenue on the north, NE 2nd Street on the east, a portion of Broadway Avenue on the south, and E. Main Street on the west. This area is generally referred to as the "Idaho Block." The purpose of the de -annexation of the Idaho Block would be to allow the inclusion of this block into a proposed amendment to the existing Union District Project Area. Removing taxable properties from a revenue allocation area, as suggested here, would release the incremental value of those tax parcels back to the general property tax rolls thus eliminating the revenue currently generated by the existing district from those properties. In making a decision on the de -annexation question one must understand the fiscal impact upon the existing Downtown District in the context of that District's ongoing financial obligations. Our study has done that. In our analysis of the Northern Gateway Area, we reviewed each of the 133 tax parcels that are currently within the boundaries of the existing Downtown District that are to be deannexed. In 1 Revised June 14, 2021. These updates reflect technical changes to add a sliver parcel to the Idaho Block analysis but do not alter the finding that the Downtown District remains economically feasible following the proposed deannexation. Page 180 each case we segregated the base value from the incremental value and calculated the revenue generated by each factor. From that analysis, we demonstrated that the 133 parcels generated a total of $379,648 in property taxes in 2020, the latest year for which we have certified values and tax yields. Of that amount $162,121 was generated from the Base Assessed Value and allocated to the various taxing entities levying property taxes within the Downtown District, The Incremental Values on those properties generated $217,526 in 2020, which was allocated to the Urban Renewal Agency of the City of Meridian, Idaho, also known as the Meridian Development Corporation (MDC). This latter number is the estimated amount of foregone revenue that the Downtown District will experience annually though the de -annexation of these tax parcels, from calendar year 2022, through calendar year 2027, the termination year of the Downtown District. In our analysis of the Idaho Block we reviewed eleven (11) tax parcels in a similar manner as the process described above. Those parcels produced a total of $26,552 in property tax payments in 2020. Of that amount $13,449 was generated from the Base Assessed Value and thus allocated to the taxing entities. The remainder ($13,103) was allocated to MDC and represents the annual foregone amount upon deannexation of these parcels from the Downtown District. The MDC Annual Financial Statements indicated that the incremental revenue generated by the Downtown District in 2020 was $1,610,499. A reduction of $217,526 from the Northern Gateway Area would be a 13.5% reduction in annual revenue. A reduction of $13,103 from the Idaho Block would be a 0.81% reduction in annual revenue. In addition, we reviewed the Financial Statements for FY 2014, 2015, 2016, 2017, 2018 and 2019. See attached spreadsheet for details. In each of those fiscal years the fiscal results of MDC activities reflected significant Fund Balances. The audited Fund Balance for FY 2020 was $3,750,449. If the $217,526 and $13,103 reductions had been in place in 2020, the Agency would have experienced a 14.32% reduction ($230,629) in annual revenue for the Downtown District. The Debt Service commitments for the District are relatively small when compared to its overall fiscal strength. The 2020 Debt Service Principal amount was $115,520 and the Interest amount was $8,097. The Agency's 2021 Budget reflected a conservative approach to revenue, appropriating only $1,600,000 in current property tax revenue. Undefined "Special Project" funding was set at $1,179,598 in the 2021 Budget and $1,700,000 was assigned to the Nine -Mile Floodplain project. The Staff and Commission should use their discretion is weighing the importance of the current program funding levels versus the importance of including these parcels in a new Revenue Allocation Area. It appears as though there is sufficient capacity in the fiscal program of the Downtown District to accommodate this loss of revenue should the MDC and City Council choose to do so. 2 Page 181 r, a)O a) �o Ln r, 00 0 1, r, 0) rn O l0 Ol Ln V ri l0 Lf) N N 0) to V N Lf) Lr) d' d' O) O m M to ri l0 lD Ln O ' O ZT to ri 00 4 rq Lf) N' lD N V 00 Ln O O O Q1 N.. l0 1p -1 o0 cf M ri LND Ln r- ry) N Lr }..: N Y• r-II 1-4 m M -'l/� tf� tf� v? t/) vT tf� vT t4 V). v? v). V). Ln 0) O Q) I, m 0) O Ln m !, 1p n l0 M O 1- 00 l0 1O 00 M <0 N lD N O O Ln Ln ri N l0 Ln Lr) 0) N ri 1, 00 00 00 ri N r- Ln r-1 m ! O (3) 0) 0) It 1l N N M m 00 00 ri -1 ri l0 (N .-1 Lf) 1- O to y. 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'lD T 00 N 00 1, lD M m 0) ri 0) 0) 0) Ln i, m N N 0) 0) ri ri 00 (N 0) N Ln n O o0 %1 I� Ln I� N O dl M O O O' M c n M Ol Ol O l0 W 00 tD -•.. t/1• t4 V)• t4 L4 VT V} V). t/} t/1• t4 V? t/T 0) E O v c c 0 1 U O Q N N O i� Q) O c c 0 i li i Q U i ++ C cc� LU G O v 0 00 h -O N 0! C c U 71 m u v m ' U of i i c O) OJ O m W (6 f6 O 10 U U Y _ O Q'c ° Q¢ ¢' m '� Lu °' 'u i X W . N U - Y W'0OA O O a OD' O F F 0 a 0 Fm O Lcu Page 182 Exhibit 2 NOTICES PUBLISHED IN THE Meridian Press on May 21, 2021, and June 4, 2021 Page 183 LEGAL NOTICE NOTICE OF REGULAR MEETING AND PUBLIC HEARING BY THE CITY COUNCIL OF THE CITY OF MERIDIAN, IDAHO TO CONSIDER THE SECOND AMENDMENT TO THE MERIDIAN REVITALIZATION PUN, URBAN RENEWAL PROJECT OFTHE URBAN RENEWAL AGENCY OF MERIDIAN, IDAHO, ALSO KNOWN AS MERIDIAN DEVELOPMENT CORPORATION NOTICE IS HERESY GIVEN that on Tuesday, July 6, 2021, 06:00 p.m. in City Council Cham- bens, Mendian City Had, 33 E. Broadway Ayem a. Mlitc , Idaho, the City Couhe l of the City of Meridian, Idaho ('City') Will hdd, dunrg as mgtdar maetkg, a pubik hearing to coral , for adoption the p.," Second AmeMment b the Mendian Revitalizafon Pion Urban Renewal Project ('Second Ament meor), concerning the Meridian Rmitaltza4on Plan Urban Renewal Fort - act Area, as amenot by the First Amendment towi the Meridian Rtainton Plan Urban Rerwwal Project (`Existing Downtown DistnIX Project Anal') of the Urban Renewal Agency of Vumr ian, Idaho, also known as Meddlan Development Corpomtbn ('Agency^).The general scope ant ph- jectve of, the Second Amendment is the de-annexafan of two distinct geographic areas from the bourdanes of tto Existing Downbwm DisMct eC-Project Area. The proodead red.d.n in the bound both urbanxrentewa nt4 n D Qrkt r n arees.ITha SeCIXid Amendment beindaryklered _ g cans tno Local E_!. a Pr =,Z pCted revenue albcation finantlrg provision pursuant ro Dev long hapbr 29, Title 50, Idaho C.that will con0nue b property taxes resulting Inxn airy increase in oqualko0 assessed valuation in excess of the equadzod assessed valuation es etwwo on da base asmsaznent roll as of January 1, 2tN12, to allocated to the Agency for urban renewal purposee.The Ageray has adapted and recommended approval of the Svcontl Amendment. The Second Amendment to the Plan shall he annex me knowing areas Imo, the Existing Down- bwn District Project Area: The first area (marked by hatching) and qe eralty referred b as [ne'Norihem Gateway Area; located in the rar0aasi corner of the Exlslirq Dovmbwm District Rojecl Area and is generaly bounded by Meridian Road on the weal aos E. Fairvrew Avenue on the norih.The eastern bound ary-lends south along what would be E. 4th Stuart wtanded, war b 3nl Street. The southern boundary exlen cs b E. Pine Avenue between E. 3rd Street and E. 2ntl Street, and then traveW up E. 2ntl Street and over E. Washaglon Avenue to connect back W Meridian Road, and ac more particubrly described in the Serord Amendment to bo Plan and decided in the shaCetl parwls In me Map, bad .. — �--- 6h ' 1 11 n E w i d i c c` I j]Md)j101,1 0 7 t q T_--WuNnoOd -. 6...-.q waft _ i Ib20 1 � i IS i I I t \ I 9 I \ N i in The second area (marked by habllirlg) and generally rotenad W as me'1d do Bkxk," is located the dew —core of the City and is generalty bounded by E. Idaho Avenue on the north, E. 2ntl Street on ire east. a portion of Broadway Avenue on the south, and E. Main Street on, the west, and as more particulady described in the Second Amendment to the Plan and decided er the shaded cancels in the Map, her- Merid'M � Ud. z i 9 C i + N a l 3 +; UnW owIct Copies of the proposed Second Amendment are on file for pud,c inspection and WPY419 at the office of the City Clerk. Meridian City Had, 33 E. Broadway Avenxre, Merkdan, Idaho 83642, between the hours of 8:00 am. and 5:00 p.m., Monday through Friday, exck - of holiday.. The Futdditioed nai assistance n obbini nd Ammum. dso be act Ilse Second Amen eniert in thePev or Wst'ness odice intertuplions, contact the OK cot the City Clerk at 208d188- 433. At the hearing dab, take, ant place rated above (July 6, 20211 at 6:00 p, m.), all persons inter- ested in the above matters may appear and be heard. Because social distancing orders may ba in otl tat ifre time of the hearng, wriden tastimorty is encouraged. WhIsh lesnmorry must be submitted at least five woron, days poor to the hearing. Oral testimony may be droned b three mmut p r persorn ra lanformatii 48 hours ashang the mavang remedy .11 be posted on the pub- Add'Riona�l information Ni 9nor to Ihe men� airarae�vn'in anY 6ociaHmerd tldin" d Wxg s- Oers in e0ect rega rig providln testim may be eblainetl by calling 200-e88-4433 or by email at cltyclerk®meridranciiy.ong. Meridian City Hall is accessible to persons with dsabtinleb. NJ iniamratlon presented in Me hassi g shall eao be available upon advarae request In a kxm usable by persons wine hearing vi ailmpairments- Individuals won ooh—lisati,hIies may race,. aealeterae by contacting the City 24 hours poor to the hearing. DATED: May 21, 2021. Chris Johnson, City Clerk May 21, Jerre 4, 2021 101350 Page 184 Exhibit 3 A RESOLUTION OF THE PLANNING AND ZONING COMMISSION FOR THE CITY OF MERIDIAN, IDAHO, VALIDATING CONFORMITY OF THE SECOND AMENDMENT TO THE MERIDIAN REVITALIZATION PLAN WITH THE CITY OF MERIDIAN' S COMPREHENSIVE PLAN Page 185 ' 1 1, • �, 1 . �; 'TA IF, J �, 1< WHEREAS, the Urban Renewal Agency of the City of Meridian (the "City"), Idaho, also known as Meridian Development Corporation, the duly constituted and authorized urban renewal agency of the City of Meridian, Idaho (hereinafter "MDC") has submitted the proposed Second Amendment to the Meridian Revitalization Plan (the "Second Amendment") to the City; WHEREAS, the proposed Second Amendment seeks to de -annex two (2) areas as depicted in the Second Amendment and set forth in certain Exhibits 1 and 2 attached hereto. The first area is generally referred to as the "Northern Gateway Area." The purpose of the de - annexation of the Northern Gateway Area would be to allow the inclusion of these properties into a proposed Northern Gateway Urban Renewal District. The second area is generally referred to as the "Idaho Block." The purpose of the de -annexation of the Idaho Block would be to allow the inclusion of this block into a proposed amendment to the existing Union District Project Area. WHEREAS, the Mayor and Meridian City Council referred the Second Amendment to the City Planning and Zoning Commission for review and recommendations concerning the conformity of said Second Amendment with the City's Comprehensive Plan, as amended (the "Comprehensive Plan"); and WHEREAS, on June 3, 2021, the City Planning and Zoning Commission met to consider whether the Second Amendment conforms with the Comprehensive Plan as required by Idaho Code § 50-2008(b); and WHEREAS, the City Planning and Zoning Commission has reviewed said Second Amendment in view of the Comprehensive Plan; and WHEREAS, the City Planning and Zoning Commission has determined that the Second Amendment is in all respects in conformity with the Comprehensive Plan. Page 186 NOW, THEREFORE, BE IT RESOLVED BY THE PLANNING AND ZONING COMMISSION FOR THE CITY OF MERIDIAN, IDAHO: .Section 1. That the Second Amendment, submitted by MDC and referred to this Commission by the Mayor and City Council for review, is in all respects in conformity with the City's Comprehensive Plan. .Section 2. That the City Clerk is hereby authorized and directed to provide the Mayor and Meridian City Council with a signed copy of this Resolution relating to said Second Amendment. .Section 3. That this Resolution shall be in full force and effect immediately upon its adoption and approval. ADOPTED by the Planning and Zoning Commission of the City of Meridian, Idaho, this 3rd day of June 2021, APPROVED: ATT T• "''r VI Chaif—,IPlanning and Zoning Commission CI y Clerk Rhnnrin Me(-nrva) A-1-M?i Chris Johns n 6-3-2021 x. Page 187 EXHIBIT 1 Northern Gateway Area Page 188 EXHIBIT 2 Idaho Block Page 189 Exhibit 4 SUMMARY OF ORDINANCE NO. 21-1933 Page 190 NOTICE AND PUBLISHED SUMMARY OF ORDINANCE PURSUANT TO I.C. § 50-901(A) CITY OF MERIDIAN ORDINANCE NO. 21-1933 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF MERIDIAN, APPROVING THE SECOND AMENDMENT TO THE MERIDIAN REVITALIZATION PLAN URBAN RENEWAL PROJECT, WHICH SECOND AMENDMENT SEEKS TO DEANNEX CERTAIN AREAS FROM THE EXISTING MERIDIAN REVITALIZATION PROJECT AREA; WHICH SECOND AMENDMENT AMENDS A PLAN THAT INCLUDES REVENUE ALLOCATION FINANCING PROVISIONS; AUTHORIZING THE CITY CLERK TO TRANSMIT A COPY OF THIS ORDINANCE AND OTHER REQUIRED INFORMATION TO THE COUNTY, AFFECTED TAXING ENTITIES, AND STATE OFFICIALS; PROVIDING SEVERABILITY; APPROVING THE SUMMARY OF THE ORDINANCE; AND PROVIDING AN EFFECTIVE DATE. SUMMARY OF THE SECOND AMENDMENT The Second Amendment (the "Second Amendment") to the Meridian Revitalization Plan Urban Renewal Project (the "Plan" or the "Downtown District Plan") was prepared by the Agency pursuant to the Idaho Urban Renewal Law of 1965, Chapter 20, Title 50, Idaho Code, as amended (the "Law"), the Local Economic Development Act, Chapter 29, Title 50, Idaho Code, as amended (the "Act"), and all applicable laws and ordinances and was approved by the Agency. The Second Amendment seeks to deannex two (2) areas from the Downtown District Plan Project Area (the "Existing Project Area"). The Second Amendment being considered for adoption contains a previously adopted revenue allocation financing provision pursuant to the Act that will continue to cause property taxes resulting from any increases in equalized assessed valuation in excess of the equalized assessed valuation on the parcels remaining in the Existing Project Area as shown on the original base assessment roll as of January 1, 2002, that will continue to be allocated to the Agency for urban renewal purposes. The general scope and objective of the Second Amendment is the deannexation of two (2) areas from the boundaries of the Existing Project Area. The Second Amendment shall deannex the following two (2) areas from the Existing Project Area. The first area consists of approximately 1.46 acres (including right-of-way) and is generally bounded by E. Idaho Avenue on the north, NE 2nd Street on the east, a portion of Broadway Avenue on the south, and E. Main Street on the west, and as more particularly described in Attachment 1 B to the Second Amendment and generally depicted in the map below. Page 191 SKE-7-CH TO ACCOMPANY LIRSAN RENEWAL DISTRICT DESCRIPTION ic-OR MERIDIAN DEVELOPMENT CORPORATION LOCATED IN THE NW 114 OF THE SW 11.4 OF SECTION 7, TOWNSHIP J NORTH, RANGE I EAST, SOISE MERIDIAN, ADA COUNTY, IDAHO PI-VAU- E IDAHO A VE-NUE , 'I'v, , 1, 6111515 OF 1-?cmrllvc s 8�-4359 E 300. 04' Q� "'77 7 8,9 0. AL�Y 120 05' Z: E SROADWII Y AVENUE UAO AREA CIVIL SURVEY CONSULTANTS, INC. 9893 SOUTH MERIDIAN ROAD MERIDIAN, IDAHO 83642 (208)888-4312 4 lj. CIO' Its \ ,J0 /22rG 02 w 90. 05, The second area consists of approximately 77 acres (including right-of-way) and is generally bounded by Meridian Road on the west and E. Fairview Avenue on the north. The eastern boundary extends south along what would be E. 4th Street if extended, over to 3rd Street. The southern boundary extends to E. Pine Avenue between NE 3rd Street and NE 2nd Street, and then travels up NE 2nd Street and over E. Washington Avenue to connect back to Meridian Road, and as more particularly described in Attachment I to the Second Amendment and generally depicted in the map below. Page 193 SKETCH TO ACCOMPANY DE -ANNEXATION DESCRIPTION F-OR IIIE-PIDIAN DES, FLOPMENT CORPORATION LOCATED IN THE NE- V4 OF THE A/E- 714 OF SECTION /-Z TOWNSHIP J NORTH, RANGE WEST, ALSO 5EING IN THE NW 114 OF SECTION 7, AND IN THE N 112 OF THE SW I/--/ OF SECTION 7, TOWAI�q/P J NORTH, RANGE / EAST, L301SE MERIDIAN, ADA COUNTY; IDAHO LEGEND URO Rrl,'l%ZrARY [JE—AN1')11--XA 770/V AREA w CHERRY L.."NE er 5,7,'Cr 2 IF- 3 1 -Z'~L4� A -T S, INC. CIVIL SURVEY CONSULTAN 2893 SOUTH MERIDIAN ROAD MERIDIAN, IDAHO 83642 (208)888-4312 6 5 88'35'17" // 2404.78' 'X E PINE AVEMUE SHEE-l" I OF i