Resolution 20-008 signedMERIDIAN DEVELOPMENT CORPORATION
THE URBAN RENEWAL AGENCY OF THE CITY OF MERIDIAN
RESOLUTION NO. 20-008
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, ALSO KNOWN AS THE MERIDIAN
DEVELOPMENT CORPORATION, RECOMMENDING AND
ADOPTING THE FIRST AMENDMENT TO THE MERIDIAN
REVITALIZATION PLAN, WHICH FIRST AMENDMENT
SEEKS TO DEANNEX CERTAIN PARCELS FROM THE
EXISTING DOWNTOWN DISTRICT PROJECT AREA;
AUTHORIZING AND DIRECTING THE CHAIR, VICE -
CHAIR, OR AGENCY ADMINISTRATOR TO TAKE
APPROPRIATE ACTION; PROVIDING FOR THE
RESOLUTION TO BE EFFECTIVE UPON ITS PASSAGE
AND APPROVAL; AND PROVIDING AN EFFECTIVE
DATE.
THIS RESOLUTION, made on the date hereinafter set forth by the Urban
Renewal Agency of Meridian, Idaho, also known as the Meridian Development
Corporation, an independent public body, corporate and politic, authorized under the
authority of the Idaho Urban Renewal Law of 1965, Chapter 20, Title 50, Idaho Code, as
amended (the "Law") and the Local Economic Development Act, Chapter 29, Title 50,
Idaho Code, as amended (the "Act"), a duly created and functioning urban renewal
agency for Meridian, Idaho, hereinafter referred to as the "MDC."
WHEREAS, on July 24, 2001, the City Council (the "City Council") of the City of
Meridian, Idaho (the "City"), adopted Resolution No. 01-367 establishing MDC;
WHEREAS, on October 8, 2002, the City Council, 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");
findings;
WHEREAS, following said public hearing, the City Council adopted its Ordinance
No. 02-987 on December 3, 2002, approving the Downtown District Plan and making
certain findings;
RESOLUTION NO. 20- - 'I
WHEREAS, the Downtown District Plan project area is referred to herein as the
"Existing Project Area";
WHEREAS, MDC seeks to amend the Existing Project Area to deannex certain
parcels as described in the First Amendment defined below;
WHEREAS, MDC 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, obligations and to continue to implement the terms of the
Downtown District Plan;
WHEREAS, MDC has prepared the First Amendment to the Meridian
Revitalization Plan (the "First Amendment"), as set forth in Exhibit 1 attached hereto,
identifying the parcels to be deannexed from the Existing Project Area;
WHEREAS, the First Amendment amends the Downtown District Plan, which
contains provisions of revenue allocation financing as allowed by the Act;
WHEREAS, the First Amendment is expected to be adopted by the City Council
in accordance with the requirements of the Law and the Act, specifically, but not limited
to the requirements set forth in Idaho Code §§ 50-2008 and 50-2906;
WHEREAS, the MDC Board finds it in the best interests of MDC and the public to
recommend approval of the adoption of the First Amendment, as prepared by MDC, and
as set forth in Exhibit 1 attached hereto, and to forward it to the Mayor and City, for
adoption in accordance with the requirements of the Law and the Act.
NOW, THEREFORE, BE IT RESOLVED BY THE MEMBERS OF THE BOARD
OF COMMISSIONERS OF THE URBAN RENEWAL AGENCY OF MERIDIAN, IDAHO,
AS FOLLOWS:
Section 1. The above statements are true and correct.
Section 2. That the MDC Board recommends that the First Amendment,
attached hereto as Exhibit 1, identifying the parcels to be deannexed from the Existing
Project Area, be adopted by the City Council including any sections, modifications, or
text discussed at the March 25, 2020, MDC Board meeting.
Section 3. That this Resolution constitutes the necessary action of MDC under
the Law, Section 50-2008, Idaho Code, and the Act.
Section 4. The Chair or Vice -Chair of the Board of Commissioners, or the
MDC Administrator are hereby authorized and directed to take all steps necessary and
convenient in partnership with the City to facilitate the City's adoption of the First
Amendment.
RESOLUTION NO. 20- -2
Section 5. 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, also known as the Meridian Development Corporation, on March 25, 2020.
Signed by the Chairman of the Board of Commissioners and attested by the Secretary
to the Board of Commissioners, on March 25, 2020.
APPROVED:
i
f
By
C air o the Board
ATTEST:
RESOLUTION NO. 20- - 3