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County Ordinance 932 dated (12/7/2021) 7) i 3 f 3 1 ORDINANCE NO, 932 1 i TRANSFER OF POWERS ORDINANCE: AN ORDINANCE OF THE BOARD OF COMMISSIONERS OF ADA COUNTY, IDAHO, ADOPTING FINDINGS ON THE NECESSITY OF THE URBAN RENEWAL PLAN FOR THE LINDER DISTRICT URBAN RENEWAL PROJECT; PROVIDING THE CITY OF MERIDIAN WITH THE RIGHT, POWER, AUTHORITY, AND OBLIGATION TO ADMINISTER THE URBAN RENEWAL/REVENUE ALLOCATION AREA PURSUANT TO CHAPTERS 20 AND 29, TITLE 50, IDAHO CODE, AS AMENDED; GRANTING THE REVENUE ALLOCATION-PROCEEDS-DERIVED-FROM THE-REVENUE-ALLOCATION AREA LYING WITHIN UNINCORPORATED ADA COUNTY TO THE URBAN RENEWAL AGENCY OF MERIDIAN, IDAHO, ALSO KNOWN AS THE MERIDIAN DEVELOPMENT CORPORATION; ADOPTING THE INTERGOVERNMENTAL AGREEMENT IMPLEMENTING THIS ORDINANCE; AND AUTHORIZING THE CHAIR TO SIGN SUCH OTHER AND FURTHER DOCUMENTS AS MAY BE NECESSARY TO CARRY OUT THE INTENT OF THIS ORDINANCE. BE IT ORDAINED BY THE BOARD OF COUNTY COMMISSIONERS OF ADA COUNTY, IDAHO: Section l: That the Board of County Commissioners, after reviewing the Linder District Plan delivered to Ada County on November 2, 2021, finds: (a) the Linder District Plan and Project Area is eligible under the statutory criteria and is appropriate for an urban renewal project; (b) the adjusted base assessed values of all existing and proposed revenue allocation areas within the City do not exceed ten percent of the current assessed taxable value of the City; (c) the proposed Linder District Plan and Project Area is financially feasible given the assumptions used in the Linder District Plan; (d) the required consents from the owners of agricultural operation lands within the proposed Project Area have been given; and (e) the City has the authority to proceed with the creation of the Linder District Plan and Project Area after the adoption of this Ordinance by the Board of Ada County Commissioners, Section 2: That this Ordinance is adopted to approve and confirm the duties, roles, and responsibilities of the City of Meridian, Idaho (the "City"), the Urban Renewal Agency of Meridian, Idaho, also known as the Meridian Development Corporation (the"Agency"), and Ada County, Idaho for that portion of the revenue allocation area, as defined and described in the proposed Urban Renewal Plan for the Linder District Urban Renewal Project (the "Plan") lying outside the corporate boundaries of the City, as illustrated in Exhibit 1, and to transfer power as provided in Idaho Code Section 50-2906(3)(b) and to reconfirm the necessary declaration set forth in Idaho Code Section 50-2018(18). Section 3: The revenue allocation proceeds from areas lying within the boundaries of the Linder District Plan and Project Area shall be devoted to the statutory purposes as described in the Linder District Plan and as authorized by the Urban Renewal Law of 1965, Chapter 20, Title 50, Idaho Code, as amended, and the Local Economic Development Act, Chapter 29,Title 50, Idaho Code, ORDINANCE NO. 932 - 1 Section 4: That the Intergovernmental Agreement for Roles and Responsibilities Under Idaho Code § 50-2906(3)(b) (the "Agreement") (which also supports the County's declaration as required by Idaho Code Section 50-2018(18) as also set forth in Resolution No, 2676) is hereby approved and accepted. Section 5: That the Chair is hereby authorized to execute any further documents necessary to carry out the intent of the Board of Commissioners as expressed in this Ordinance and in the Agreement. A copy of this Ordinance and the Agreement shall be held on file in the office of the County Clerk. i Section 6: Severability, The sections of this Ordinance are severable. The invalidity of a section shall not affect the validity of the remaining sections. Section 7: Effective Date.This Ordinance shall become effective upon its publication pursuant to Idaho Code Section 31-715, ADOPTED this 7th day of December, 2021, Boar4RodBeck, my Commissioners By Chairman By Ryan idson By - Kendra n on ATTEST: V/ Phil McGrane,Ada County Clerk by Katie geed,Assistant Deputy Clerk ORDINANCE NO. 932 -2