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Home My WebLink AboutResolution 24-015MERIDIAN DEVELOPMENT CORPORATION THE URBAN RENEWAL AGENCY OF THE CITY OF MERIDIAN Resolution No. 24-015 BY THE BOARD OF COMMISSIONERS OF THE URBAN RENEWAL AGENCY OF MERIDIAN, IDAHO, AIKIA 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, 2024, AND ENDING SEPTEMBER 30, 2025, 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, alkla 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 Code, 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 Cade, 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"); RESOLUTION NO. 24-015 (2024-2025 Budget Adoption) WHEREAS, following said public hearing the City adopted its Ordinance No. 02- 98E on December 3, 2002, approving the Revitalization Plan and making certain findings; 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, 2024, and ending September 30, 2025, by virtue of its action at the Agency's board meeting of August 14, 2024; WHEREAS, Agency has previously published notice of a public hearing to be conducted on August 28, 2024, at 4:00 p.m., at the Meridian City Hall, 33 East Broadway venue, Meridian, Idaho, - WHEREAS, on August 28, 2024, 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 2024-2025; 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, 2024. NOW, THEREFORE, BE IT RESOLVED BY THE MEMBERS OF THE BOARD OF COMMISSIONERS OF THE URBAN RENEWAL AGENCY OF MERIDIAN, IDAHO, AIKIA 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, 2024, and ending September 30, 2025. Section 3: That the Chairman or Administrator shall submit the Resolution and Budget to the City of Meridian on or before September 1, 2024, and submit this Resolution and Budget to any other entity entitled to a copy of the Resolution and Budget. RESOLUTION NO. 24-015 (2024-2025 Budget Adoption) Section 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, alkla the Meridian Development Corporation, on August 28, 2024. Signed by the Chairman of the Board of Commissioners and attested by the Secretary to the Board of Commissioners, on August 28, 2024. APPROVED: By Chairman of the Board ATTEST: s �_ Secretary RESOLUTION NO. 24-015 (2024-2025 Budget Adoption) MERIDIAN DEVELOPMENT CORPORATION THE URBAN RENEWAL AGENCY OF THE CITY OF MERIDIAN RESOLUTION NO. 24-010 FY 2024 BUDGET AMENDMENT 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 THE CITY OF MERIDIAN, IDAHO, A.K.A. THE MERIDIAN DEVELOPMENT CORPORATION (MDC) TO BE TERMED THE "2024 BUDGET AMENDMENT RESOLUTION," AMENDING THE APPROVED FISCAL YEAR 2023- 2024 BUDGET TO APPROPRIATE ADDITIONAL UNANTICIPATED SUMS OF MONEY AUTHORIZED BY LAW AND DEEMED NECESSARY TO DEFRAY ALL EXPENSES AND LIABILITIES 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 ADMINISTRATOR OR THEIR DESIGNEE 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 the City of Meridian, Idaho, 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 Code, a duly created and functioning urban renewal agency of the City of Meridian, Idaho, hereinafter referred to as the "MDC." WHEREAS, the MDC, 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 and supplemented, and the Local Economic Development Act of 1988, being Idaho Code, Title 50, Chapter 29; as amended and supplemented (collectively the "Act") WHEREAS, the MDC was established by Resolution No. 01-367 of the City Council of the City of Meridian, Idaho (hereinafter the "City Council"), adopted July 24, 2001; 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"); RESOLUTION NO. 24-010 2024 BUDGT AMENDMENT Page 1 WHEREAS, pursuant to Idaho Code Sections 50-2006, 50-2903(5), and 50-1002, MDC staff has prepared an amendment to the FY 2023-2024 budget pertaining to the MDC's receipt of additional unanticipated revenue increasing the revenue received from the estimated $10,627,490 to the actual $11,621,232; WHEREAS, Agency has previously published notice of a public hearing to be conducted on Wednesday, June 26, 2024, at 4:00 p.m. at the Meridian City Hall, 33 E. Broadway, Meridian, Idaho 83642; WHEREAS, on June 26, 2024, Idaho Code, the Agency held a public hearing at the Meridian City Hall, Meridian, Idaho, on the proposed FY 2023-2024 budget amendment and considered any public comment on services, expenditures, and revenues planned for Fiscal Year 2023-2024 and approved the amend to said budget; WHEREAS, the Board of Commissioners finds it in the best public interest to approve the Budget Amendment. 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 a part of this Resolution, reflecting no changes from the proposed amendment to the FY 2023- 2024 was published in accordance with Idaho Code, and the same 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 3. That Administrator or her designee shall submit the Resolution and Budget Amendment to the City of Meridian on or before September 1, 2024, and submit this Resolution and Budget to any other entity entitled to a copy of the Resolution and Budget. Section 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, RESOLUTION NO. 24-010 2024 BUDGT AMENDMENT Page 2 Idaho, a/k/a the Meridian Development Corporation, on June 26, 2024. Signed by the Chairman of the Board of Commissioners and attested by the Secretary to the Board of Commissioners, on this 26th day of June, 2024. APPROVED: By Chairman ATTEST - By y --tan ;ram RESOLUTION NO. 24-010 2024 BUDGT AMENDMENT Page 3 Exhibit A RESOLUTION NO. 24-010 2024 BUDGT AMENDMENT Page 4 [ Cl) E j � « q § 0 cn 0 §■ f2 § m §lZSm§` ■/.ea; -� ) » , [ § E■ ■ .§|� q B% § « k ° {{{ 7 \ \\§�_ - �� S|/ �\ \0 ® § ({ 4�� u:t° C) . !!. E`\ ; )} $ E§k �)§� _ate!- )(£a[! f!f% /\/) �_ �t §§7 ' °o ef)|{Et9 = .e!`::!/ " :�: ; |( §` ,�7a : ; - |-_,��$\ ..RE �a£�,`|� .. .�;0: ;! `»:! ��|`]}f } . «;./§�k §\ ..� �)!J \ § X / e