HomeMy WebLinkAboutResolution 23-015MERIDIAN DEVELOPMENT CORPORATION
THE URBAN RENEWAL AGENCY OF THE CITY OF MERIDIAN
Resolution No. 23-015
BY THE BOARD OF COMMISSIONERS OF THE URBAN RENEWAL AGENCY
OF MERIDIAN, IDAHO, A/K/A THE MERIDIAN DEVELOPMENT CORPORATION:
A RESOLUTION OF THE BOARD OF
COMMISSIONERS OF THE URBAN RENEWAL AGENCY
OF MERIDIAN, IDAHO, AIKIA THE MERIDIAN
DEVELOPMENT CORPORATION, TO BE TERMED THE
"ANNUAL APPROPRIATION RESOLUTION,"
APPROPRIATING SUMS OF MONEY AUTHORIZED BY
LAW AND DEEMED NECESSARY TO DEFRAY ALL
EXPENSES AND LIABILITY OF THE URBAN RENEWAL
AGENCY, FOR THE FISCAL YEAR COMMENCING
OCTOBER 1, 2023, AND ENDING SEPTEMBER 30, 2024,
FOR ALL GENERAL, SPECIAL AND CORPORATE
PURPOSES; DIRECTING THE CHAIRMAN OR
ADMINISTRATOR TO SUBMIT THE RESOLUTION AND
BUDGET TO THE CITY OF MERIDIAN AND ANY OTHER
ENTITY ENTITLED TO A COPY OF THE RESOLUTION
AND BUDGET; AND PROVIDING AN EFFECTIVE DATE.
THIS RESOLUTION, made on the date hereinafter set forth by the Urban
Renewal Agency of Meridian, Idaho, a/k/a the Meridian Development Corporation, an
independent public body corporate and politic, authorized under the authority of the
Idaho Urban Renewal Law of 1965, as amended, Chapter 20, Title 50, Idaho Cade, a
duly created and functioning urban renewal agency for Meridian, Idaho, hereinafter
referred to as the "Agency."
WHEREAS, the Agency, an independent public body, corporate and politic, is an
urban renewal agency created by and existing under the authority of and pursuant to
the Idaho Urban Renewal Law of 1965, being Idaho Code, Title 50, Chapter 20, as
amended anti supplemented ("Law");
WHEREAS, the City Council of the City of Meridian, Idaho (the "City"), on
October 8, 2002, after notice duly published, conducted a public hearing on the
Meridian Revitalization Plan (the "Revitalization Plan");
WHEREAS, following said public hearing the City adopted its Ordinance No. 02-
987 on December 3, 2002, approving the Revitalization Plan and making certain
findings;
RESOLUTION NO.23-015 (2023-2024 Budget Adoption)
WHEREAS, pursuant to Idaho Code §50-2006, §50-2903(5) and §50-1002,
Agency staff has prepared a budget and the Agency has tentatively approved estimated
revenues and expenditures for the fiscal year commencing October 1, 2023, and ending
September 30, 2024, by virtue of its action at the Agency's board meeting of August 9,
2023;
WHEREAS, Agency has previously published notice of a public hearing to be conducted
on August 23, 2023, at 4:00 p.m., at the Meridian City Hall, 33 East Broadway venue,
Meridian, Idaho;
WHEREAS, on August 23, 2023, pursuant to §50-1002, Idaho Code, the Agency
held a public hearing at the Meridian City Hall, 33 East Broadway Avenue, Meridian,
Idaho, on the proposed budget and considered public comment, along with Board input,
on services, expenditures, and revenues planned for Fiscal Year 2023-2024;
WHEREAS, pursuant to §50-2006, Idaho Code, the Agency is required to pass
an annual appropriation resolution and submit the resolution to the City of Meridian,
Idaho on or before September 1, 2023.
NOW, THEREFORE, BE IT RESOLVED BY THE MEMBERS OF THE BOARD
OF COMMISSIONERS OF THE URBAN RENEWAL AGENCY OF MERIDIAN, IDAHO,
A/K/A THE MERIDIAN DEVELOPMENT CORPORATION, AS FOLLOWS:
Section 1: That the above statements are true and correct.
Section 2: That the sums of money, or as much thereof as may be authorized
by law, needed, or deemed necessary to defray all expenses and liabilities of the
Agency, as set forth in Exhibit A, which is annexed hereto and by reference made of a
part of this Resolution are approved. The applicable notice for the public hearing was
published in accordance with Idaho Code. Those sums of money noted in Exhibit A are
hereby appropriated for the general, special and corporate purposes and objectives of
the Agency for the fiscal year commencing October 1, 2023, and ending September 30,
2024,
Section : That the Chairman or Administrator shall submit the Resolution and
Budget to the City of Meridian on or before September 1, 2023, and submit this
Resolution and Budget to any other entity entitled to a copy of the Resolution and
Budget.
$ection 4: That this Resolution shall be in full force and effect immediately
upon its adoption and approval.
PASSED AND ADOPTED by the Urban Renewal Agency of the City of Meridian,
Idaho, a/k/a the Meridian Development Corporation, on August 23, 2023.
RESOLUTION NO.23-015 (2023-2024 Budget Adoption)
Signed by the Chairman of the Board of Commissioners and attested by the Secretary
to the Board of Commissioners, on August 23, 2023.
APPROV :
By
Chairman of the Board
M■r�110
By
retary
RESOLUTION NO. 23-015 (2023-2024 Budget Adoption)