Sep 17, 2026 Redevelopment Agency

[Call to Order]

[00:00:07]

IDAHO FALLS REDEVELOPMENT AGENCY ON THURSDAY, SEPTEMBER 17TH, 2026. THANK YOU FOR BEING HERE. ARE THERE ANY MODIFICATIONS OR ADDITIONS OR CHANGES TO THE AGENDA? IF NOT,

[2. ACTION ITEM: Approval Of Minutes: August 20, 2026]

ALL IN FAVOR, SAY AYE. AYE AYE. ANY OPPOSED? SAY NAY. A MOTION PASSES. THE NEXT ITEM IS THE

[3. ACTION ITEM: Approval Of Expenditures And Finance Report]

THANK YOU, MR. CHAIR AND COMMISSIONERS. SO I JUST WANT TO TALK BRIEFLY ABOUT THE FINANCIAL REPORT. FIRST AND FOREMOST, WANTED TO MAKE NOTE THAT WE DON'T HAVE ANY SIGNIFICANT AMOUNTS ON THERE OTHER THAN WE ARE PAYING PART OF THE CONFIRMATION OF REIMBURSEMENT TO SNAKE RIVER LANDING DEVELOPMENT, LLC ON THIS MONTH. WE DO HAVE TWO MONTHS WORTH OF INVOICES IN THERE, SO THAT'S WHY THEY DO APPEAR A LITTLE BIT HIGHER THAN USUAL. TO TRANSITION OVER TO THE BUDGET, TO ACTUAL REPORT. YOU'LL NOTICE THAT THE CONFIRMATION OF REIMBURSEMENT, WE WILL NEED TO PAY THAT IN TWO SEPARATE PAYMENTS DUE TO. IF WE WERE TO PAY THAT IN FULL, IT WOULD PUT THE AGENCY AS A WHOLE OVER BUDGET. AND SO WE WANTED TO KEEP THAT IN MIND AND NOT GO OVER BUDGET AS A WHOLE FOR THE AGENCY. SO WE AFTER FURTHER CALCULATIONS, WE DECIDED THAT WE COULD PAY 2 MILLION WITHOUT GOING OVER BUDGET. SO WE'LL GO AHEAD AND PAY THAT 2 MILLION THIS MONTH PENDING BOARD APPROVAL ON THAT. AND THEN WE WILL GO AHEAD AND PAY THE REMAINDER OF THE I BELIEVE IT'S 300 SOME ODD THOUSAND DOLLAR PAYMENT TO SNAKE RIVER LANDING NEXT MONTH. AS PART OF THAT PAYMENT. ONE THING I WANTED TO ALSO MAKE NOTE OF IS THAT YOU'LL NOTICE ON THE BUDGET TO ACTUAL REPORT, YOU'LL NOTICE THAT OUR OPA PAYMENTS FOR JACKSON HOLE IS OVER BUDGET. THIS IS DUE TO THE APPROVAL.

EARLIER THIS YEAR, FOR THE EXTRA PAYMENT TO BE PAID OUT TO JACKSON HOLE JUNCTION FOR PART OF THEIR PAYMENT. OUR RECOMMENDATION MOVING FORWARD, IN ORDER TO MITIGATE THE AMOUNT OF GOING OVER BUDGET IN A SPECIFIC FUND FOR THAT, IS WHEN WE DO HAVE THOSE APPROVALS OF AN EXTRA PAYMENT DURING THAT TIME THAT WE WOULD CONSIDER REOPENING THE BUDGET, AMENDING THE BUDGET, GOING THROUGH THAT PROCESS SO THAT WE DON'T COME TO THE END OF THE YEAR AND SAY, HEY, WE'RE OVER BUDGET. IT WAS TOLD TO US BY LEGAL THAT WE CANNOT MOVE FUNDS FROM DISTRICT TO DISTRICT. WE CAN MOVE FUNDS WITHIN THE DISTRICT ITSELF. AND SO YOU'LL NOTICE THAT THAT WE MOVED AS MUCH FUNDS AS WE COULD WITHIN THE JACKSON HOLE JUNCTION FUND ITSELF. HOWEVER, WE COULD NOT MOVE ANY REMAINING FUNDS FROM DIFFERENT FUNDS TO COVER THAT OVERAGE. BUT AS YOU CAN SEE, THE THE AGENCY AS A WHOLE IS NOT OVER BUDGET. SO ANY QUESTIONS ABOUT THAT PART OF IT? I DON'T THINK SO. ARE YOU GOING TO COVER THIS BUDGET TRANSFERS DOCUMENT TO. YEAH. SO WHAT I WOULD LOVE TO SEE MOVING FORWARD ALSO IS WE'D LIKE TO DO THESE MONTHLY TOWARDS THE END OF THE YEAR. YOU KNOW, WE WILL RECOGNIZE THAT SOMETIMES EACH LINE ITEMS MAY GO OVER BUDGET.

AND SO BASICALLY WHAT WE DID FOR THIS MONTH IS WE RECOGNIZED IN RIVER COMMONS THAT WE HAD SOME OVER BUDGET LINE ITEMS. AND SO WHAT I DID IS I JUST ANALYZED EACH OF THE REMAINING ITEMS AND SAID, WHERE CAN WE MOVE FUNDS FROM? THIS IS PAYMENTS FOR THE THE LAST OF THE FISCAL YEAR. AND SO I JUST SAID, ANY REMAINING FUNDS THAT CAN GO TO COVER OVERAGES, I JUST MOVED THOSE WITHIN THOSE DISTRICTS. SO YOU'LL. YOU'LL NOTICE THAT WE DID MOVE QUITE A BIT FROM RIVER COMMONS WITHIN THE RIVER COMMONS BUDGET TO COVER THE OVERAGES, AND WE DID THAT WITH EACH RESPECTIVE FUND. WE DID THAT FOR RIVER COMMONS, EAGLE RIDGE, JACKSON HOLE JUNCTION, STANLEY OAK AND YELLOWSTONE DISTRICT. HOWEVER, AS STATED PRIOR, WE COULD NOT

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IT IT IS. WE LIKE TO TRY AND LOOK AT BUDGET SETTING. DOES THAT MAKE IT MORE DIFFICULT? SO WE TRY TO LOOK AT ACTUALS WHEN WE GO TO BUDGET. IT'S JUST HARD BECAUSE SOMETIMES IN THE YEAR WE DO HAVE LIKE THE ONE OFFS HERE AND THERE. THIS YEAR, YOU KNOW, AS, AS YOU'RE WELL AWARE, EVERY YEAR EFRA IS ADDING MORE AND MORE AND MORE DISTRICTS, POTENTIAL DISTRICTS. AND SO WITH RIVER COMMONS, IT'S IT HASN'T BEEN THAT COMMON FOR US TO GO LIKE OVER BUDGET IN SOME OF THE LINE ITEMS DUE TO THAT TAKING PLACE. I GUESS WHAT I'M SAYING IS IF WE'RE OVER BUDGET IN ALL THESE DISTRICTS IN, SAY, OFFICE OF EXPENSES, THEN SHOULDN'T IT REFLECT WE WERE OVER BUDGET. SO MOVING FORWARD FOR THE NEXT YEAR, WE CAN BUDGET MORE IN THOSE CATEGORIES.

YES. BUT LIKE SOME OF THOSE LIKE STANLEY BOG AND YELLOWSTONE SQUARE, THOSE ARE BECAUSE THOSE ARE NEWER DISTRICTS THAT WE SET UP. THOSE ARE JUST SIMPLY CHECKS, RIGHT? WE HAD TO ORDER CHECKS FOR THOSE BANK ACCOUNTS. BUT YEAH, THAT IS SOMETHING MOVING FORWARD IN THE BUDGET. YES. WE WOULD TAKE INTO CONSIDERATION. BUT WHAT SHE'S ASKING IS BUT NOW WE WON'T KNOW BECAUSE NOW IT'S NOT SHOWING UP. RIGHT. YEAH. IT WAS YES. IT WAS RECOMMENDED THAT WE DIDN'T WANT TO KEEP THE NEGATIVE BALANCES BECAUSE PRIOR TO THIS, THE BOARD DIDN'T LIKE TO SEE NEGATIVE BUDGET LINES, WHICH IS WHY WE MOVED TO DOING BUDGET ADJUSTMENTS. IF THE BOARD WOULD PREFER SEEING THE NEGATIVE AMOUNTS AND KEEPING IT THAT WAY, TO SAY WE'RE NOT CHANGING THE OVERALL BUDGET AMOUNT, WE'RE JUST SAYING, HEY, WITHIN THIS BUDGET, WE NEED TO MOVE IT SOMEWHERE ELSE BECAUSE IT'S OVER BUDGET. I THINK THAT MAKES SENSE TO LEAVE IT THAT WAY, TO LEAVE IT AS THE NEGATIVE, TO SHOW NEGATIVES. THIS IS A THIS IS A MANAGEMENT TOOL. SO THAT'S ALL THE BUDGET IS, IS A MANAGEMENT TOOL. AND IF YOU IF YOU CAN RECOGNIZE THAT YOU HAVE GONE OVER BUDGET AND YOU EXPECT THAT TO HAPPEN IN, IN THE UPCOMING YEAR, YOU'RE GOING TO ADJUST ACCORDINGLY. IF YOU MOVE MONEY FROM ANOTHER LINE ITEM, YOU DON'T HAVE THE RECOGNITION OF BEING OF HAVING TO MAKE THAT ADJUSTMENT GOING FORWARD. I SEE YOUR POINT ON THAT, AND I THINK THAT'S VALID. I THINK FROM OUR EYES, WE JUST DON'T LIKE SEEING THE NEGATIVE BECAUSE WE'VE GONE OVER BUDGET, NOT NECESSARILY AS A WHOLE FOR THE DISTRICT. THE DISTRICT HAVEN'T GONE OVER. YOU HAVEN'T GONE OVER AS A WHOLE. IT'S MORE OF FROM AN ACCOUNTANT SIDE. IT'S LIKE, WELL, WE DIDN'T HAVE THE BUDGET AUTHORITY FOR THAT BECAUSE WE WENT OVER. SO WE WANT TO MOVE THAT. BUT I SEE YOUR POINT ON THAT. YEAH, I WOULD AGREE WITH THAT'S A GOOD DISCUSSION, I ASSUME. I MEAN, FROM LEGAL COUNSEL, THERE'S NO REASON WHY WE CAN'T TAKE TERRY'S APPROACH OF SEEING THESE INTERNAL LINE ITEMS WITHIN AN OVERALL BUDGET AS A MANAGEMENT TOOL. AND IF THERE'S A NEGATIVE THAT JUST TELLS US HOW TO ADJUST IT THE NEXT YEAR, IS THERE ANY PROBLEM WITH THAT? MEGAN? NO, THANK YOU, MR. CHAIR. COMMISSIONERS, I THINK THE PROBLEM WE WERE TRYING TO ADDRESS A LITTLE MORE CLEARLY IS EACH REVENUE ALLOCATION AREA IS IS ALMOST ITS OWN DISTINCT AND SEPARATE FUND. AND SO YOU HAVE TO HAVE YOU DON'T WANT YOUR EXPENDITURES TO EXCEED THE BUDGET AUTHORITY FOR THAT SPECIFIC FUND. IF YOU HAVE PLENTY OF BUDGET CAPACITY, I THINK IT'S FINE TO SHOW UP BETWEEN LINE ITEMS IN THE BUDGET, WHICH ARE OVER AND WHICH ARE UNDER. WHAT WE WERE KIND OF RUNNING INTO A LITTLE BIT WAS BECAUSE IT'S A BIT CHALLENGING SOMETIMES TO IDENTIFY WITH A LEVEL OF SPECIFICITY THAT WE WOULD LIKE THE REVENUE GENERATION WITHIN A PROJECT AREA. AND BECAUSE THE OPA PAYMENTS ARE A PERCENTAGE OF WHAT'S COMING IN, THEN SOMETIMES WE WOULD END UP HAVING A SITUATION WHERE OUR EXPENDITURES WOULD BE EXCEEDING THE BUDGET CAPACITY FOR THAT SPECIFIC REVENUE ALLOCATION AREA. AND SO WE JUST WANT TO BE MINDFUL OF, I THINK, THE OVERALL TOTAL EXPENDITURES BY, FOR LACK OF A BETTER TERM, EACH FUND, AS OPPOSED TO RELYING ON THE TOTAL REVENUES AND THE TOTAL EXPENDITURES FOR THE AGENCY, IF THAT MAKES SENSE. SO I THINK FROM A IF YOU HAVE ENOUGH BUDGET CAPACITY WITHIN A

[00:10:05]

IF IF THAT'S HELPFUL AT ALL. OKAY, SO IN SUMMARY, WE WATCHED THE TOTAL BUDGET FOR THE AGENCY AND MAKE SURE IT'S ALWAYS IN THE POSITIVE. AND FOR EACH FUND, WE LOOK AT THE FOR EACH FUND, THE REVENUES AND LIABILITIES AND MAKE SURE THEY'RE IN BALANCE. BUT UNDERNEATH THAT, THE INDIVIDUAL LINE ITEMS, WE DON'T HAVE TO. WE CAN WE CAN SEE NEGATIVES AND SEE THAT AS A MANAGEMENT TOOL FOR OUR PLANNING FOR NEXT YEAR. AND THAT'S OKAY. IT SOUNDS LIKE WHERE WE'RE AT. IS THAT RIGHT? OKAY. YES. IF THAT IF THAT WORKS FOR ACCOUNTING PURPOSES AS WELL. BUT YES, I HAVE A QUESTION THAT'S MORE OF A ONCE THIS ROLLS UP, MARK, DOES THIS ROLL UP ULTIMATELY INTO THE CITY AUDIT? IT DOES. DO YOU SEE ANY FROM THAT VANTAGE POINT, DO YOU HAVE ANY COMMENT THAT YOU WANT TO SHARE THIS FROM? YOU KNOW, WHEN THE AUDITORS COME IN AND LOOK AT THIS, YOU KNOW WHAT THEY'RE GOING TO SEE IF THEY GOT DOWN TO THIS LEVEL. WE DON'T PRESENT THE BUDGET DATA FOR AUDIT, JUST THE ACTUAL THANK YOU. OKAY. ALL RIGHT.

VERY GOOD. IS THAT GOOD ENOUGH? IS THAT ENOUGH DIRECTION FOR YOU ON HOW TO HANDLE THAT IN THE FUTURE? WE STILL NEED A MOTION TO APPROVE THE FINANCE REPORT FOR SEPTEMBER 17TH PERCENT AS OF SEPTEMBER 17TH, 2026, WITHOUT CONSIDERING THE BUDGET TRANSFERS THAT YOU ARE PROPOSING. RIGHT? JUST WE JUST NEED A MOTION TO APPROVE THE FINANCE REPORT AS PRESENTED.

THEY'RE IN THERE. THEY'RE ALREADY THERE. OKAY. SO YOU'LL REMOVE THOSE, IS THAT CORRECT? I CAN REMOVE THOSE BUDGET TRANSFERS. I CAN REMOVE THEM. BUT THAT WOULD JUST MEAN THAT YOU'RE NOT APPROVING THEM TODAY. RIGHT. I THINK WE CAN APPROVE FINANCE REPORT ADJUSTING BACK OUT THE BUDGET TRANSFERS THAT YOU ENUMERATED IN THE LIST. I THINK IT'D BE GOOD JUST TO KNOW THAT WE ALL SAW THIS AND HAD THIS DISCUSSION TO SAY THAT WE'VE LOOKED AT THE BUDGET, WE HAVE SEEN THE EXPENDITURES THAT ARE LISTED THERE ON THE FINANCE REPORT. I THINK IT'S STILL GOOD TO APPROVE THAT. WELL, WE CAN SEND IT BACK TO YOU. FINANCE DEPARTMENT FOR ADJUSTMENT.

RIGHT. THEY WILL ADJUST IT AND BUT THEY'LL MAKE THE ADJUSTMENTS AT OUR DIRECTION.

SO I THINK THE MOTION I'M LOOKING FOR IS JUST A MOTION TO APPROVE THE FINANCE REPORT LESS THE BUDGET WITH THE CONDITION THAT THE BUDGET TRANSFERS ARE REVERSED THAT ARE PROPOSED ON THE LIST. IS THAT OR DO YOU JUST WANT TO WAIT UNTIL NEXT MONTH? I THINK YOU JUST WAIT TILL NEXT MONTH. WE DON'T HAVE THAT PROBLEM. WELL, MY QUESTION IS, HAS THERE BEEN ANY OTHER ADJUSTMENT TRANSFERS IN THIS FISCAL YEAR THAT AREN'T ON THIS LIST? MY POINT BEING IS IF THERE WERE OTHER ONES BEFORE THIS, YOU DRAW A LINE IN THE SAND NOW AND MOVE FORWARD. YOU DON'T TRY TO GO BACKWARDS AND, YOU KNOW, RESTATE SOMETHING IF THERE'S REALLY NO VALUE IN IT.

I THINK THIS WAS ONLY DONE BECAUSE IT'S OUR FISCAL YEAR END. SO OKAY, I THINK THAT'S AN ONGOING PRACTICE FROM MONTH TO MONTH. THERE WAS THERE WAS ONE BACK IN MAY. SO DO WE WANT TO ADDRESS THAT ONE AND HAVE THAT ADJUSTED TOO? I MEAN, IF WE'RE GOING TO DO IT, EITHER DO THE WHOLE THING OR DON'T DO IT. YEAH. THAT'S FINE. YEAH. OKAY. SURE. DON'T DON'T WORRY. ALSO, WE DO HAVE BILLS TO PAY HERE. I DON'T KNOW THAT THOSE CAN BE HELD OFF UNTIL NEXT MONTH.

RIGHT. I GUESS THAT THAT'S THE POINT I'M TRYING TO MAKE. WE DO NEED TO DEAL WITH THE CURRENT EXPENDITURES. DO YOU WANT TO MAKE A PROPOSAL JUST TO APPROVE THE BILLS TO PAY LISTED ON THE FINANCE REPORT? YEAH, I AGREE WITH THAT. YEAH. OKAY. I'LL MOVE THAT. WE APPROVE THE BILLS TO PAY HERE AND HOLD OFF CONSIDERATION OF THE REST OF THE FINANCE REPORT UNTIL NEXT MONTH. OKAY. SO SECOND ON THAT. YEAH. OKAY. THANK YOU. GOOD DISCUSSION. ALL IN FAVOR, SAY AYE AYE AYE AYE. ANY OPPOSED? SAY NAY. ALL RIGHT. MOTION IS APPROVED. IS THAT GOOD DIRECTION FOR YOU, CASSIE. ALL RIGHT. VERY GOOD. ALL RIGHT. LET'S MOVE ON TO ITEM NUMBER

[4. ACTION ITEM: Consider Resolution No. 2026-09 Approving The Urban Renewal Plan For The Skyline-Broadway Urban Renewal project]

[00:15:04]

THE PLAN WILL GO TO THE PLANNING AND ZONING COMMISSION THAT'S BEEN SCHEDULED FOR NOVEMBER. THEY WOULD LOOK AT WHETHER OR NOT IT'S CONSISTENT WITH THE COMPREHENSIVE PLAN.

AND THEN FINALLY TO CITY COUNCIL, WHICH IS ALSO SCHEDULED FOR THE MIDDLE OF NOVEMBER. WE ALSO RECOGNIZE THAT YOU GOT THIS PACKET A LITTLE BIT LATE. AND SO IF IF THE BOARD FEELS LIKE THEY WOULD LIKE ANOTHER MONTH TO REVIEW IT MORE THOROUGHLY, READ THROUGH IT AND, AND DO A FINAL VOTE NEXT AT YOUR NEXT MEETING. THERE IS TIME FOR THAT, SINCE NONE OF THIS IS SCHEDULED TO PROCEED UNTIL NOVEMBER. IF YOU FEEL COMFORTABLE WITH IT. OF COURSE, TODAY THE RESOLUTION IS BEFORE YOU TO TO APPROVE. SO I JUST WANT TO AT LEAST LET YOU KNOW THAT THE. THERE IS TIME IF YOU IF YOU NEED SOME ADDITIONAL REVIEW TIME. WHAT I THINK MEGAN AND I DISCUSSED DOING IS SINCE YOU'VE SEEN SO MANY PLANS RECENTLY, WE'RE WE'RE NOT GOING TO LEAD WITH WALKING THROUGH THE ENTIRE PLAN. I DO WANT TO WALK THROUGH THE ECONOMIC FEASIBILITY PORTION BECAUSE IT IS DIFFERENT THAN WHAT I HAD SUMMARIZED LAST MONTH. LAST MONTH, I'D INDICATED THAT IN THE CONSERVATIVE SCENARIO. THERE MAY NOT BE FINANCIALLY FEASIBLE. I FOUND A REVIEWING KIND OF DOING A FINAL CHECK ON THAT. I FOUND AN ERROR IN ONE OF MY ONE OF MY FORMULAS IN THE SPREADSHEET. SO WHEN I CORRECTED THAT, IT, IT, IT HELPED. IT'S STILL VERY CLOSE, BUT IT IS ECONOMICALLY FEASIBLE. SO I DO WANT TO WALK THROUGH THOSE NUMBERS WITH YOU. AND THEN IF THERE'S QUESTIONS ON THE PLAN AND WHAT IT INCLUDES, MEGAN IS AVAILABLE TO TALK THROUGH THOSE DETAILS AS WELL. YEAH, LET'S GO AHEAD. THANKS, BRAD. SURE. SO VERY TYPICAL STUDY APPROACH FOR SKYLINE BROADWAY, ALTHOUGH THIS ONE WAS A LITTLE BIT UNIQUE FROM OTHER ONES YOU'VE SEEN IN THAT WE HAD, IF YOU'LL RECALL, THE OWNERS OF THE WHAT'S CALLED THE KINGSTON, THE KINGSTON COMMONS DEVELOPMENT, RIGHT ON THE SOUTHEAST CORNER OF SKYLINE AND BROADWAY CAME IN ORIGINALLY AS AN INDEPENDENT REQUEST. AND THEN THROUGH THE ELIGIBILITY STUDY, THE BOUNDARY WAS EXPANDED QUITE A BIT TO INCLUDE OTHER PROPERTIES. AND SO WHAT THE WAY I APPROACHED THIS WAS TO REVIEW THE FEASIBILITY OF KINGSTON COMMONS ON ITS OWN, SINCE THAT WAS THE ORIGINAL REQUEST, AND THEN REVIEWED THE FEASIBILITY OF THE ENTIRE DISTRICT AS A WHOLE. SO AS YOU READ THAT REPORT, WHEN YOU SEE THAT SOME OF THE PAYBACK ON KINGSTON COMMONS IS VERY CLOSE ON THE CONSERVATIVE SCENARIO, KEEP IN MIND THAT THAT IS BECAUSE I ONLY REVIEWED IT INDEPENDENTLY. IT DOES NOT.

THERE'S NO REQUIREMENT THAT THE BOARD ONLY FUNNEL TAX INCREMENT REVENUES FROM THAT DEVELOPMENT BACK TO KINGSTON COMMONS. BUT IT IS IT'S AN OPTION. THIS IS THIS LIKE I SAID, THIS IS A LITTLE BIT UNIQUE WHERE WE HAVE A KNOWN OPA, A KNOWN DEVELOPMENT, BUT HE HAD A MUCH BIGGER AREA THAT THAT DEVELOPER DOES NOT CONTROL. AND SO THIS STUDY IS A LITTLE BIT DIFFERENT THAN WHAT YOU'VE SEEN BEFORE. BUT SIMILAR TO OTHER REPORTS, I STILL DID LOOK AT THE ANTICIPATED TIMELINES FOR PRIVATE INVESTMENT, THE PRIORITY PROJECTS IN THE AREA THAT THE CITY HAS, THE ANTICIPATED ELIGIBLE PROJECTS THAT THE DEVELOPER HAS ON KINGSTON COMMONS, AND WHETHER OR NOT THOSE TAX INCREMENT REVENUES OVER THE 20 YEARS WOULD BE SUFFICIENT TO COVER THOSE COSTS. SO JUST AS A REMINDER, THE OVERALL CITY BOUNDARIES ARE SHOWN HERE ON THIS SLIDE. THE. REALLY COVERS THIS FROM SOUTHEAST THE SOUTHEAST CORNER OF SKYLINE AND BROADWAY OVER TO I-15, AS WELL AS A SMALL PORTION TO THE NORTHWEST ADJACENT TO THE WALGREENS AREA. KINGSTON COMMONS. JUST TO ORIENT YOU.

THIS WAS AGAIN THE ORIGINAL REQUEST. SO YOU CAN SEE SORT OF THE MASTER PLAN HERE. WHAT'S BEEN ANTICIPATED AND ADVERTISED, OF COURSE, SUBJECT TO CHANGE. BUT THIS IS THE THE MAIN DEVELOPMENT, THE MAIN DRIVER OF THIS DISTRICT AND THE ONE THAT WOULD MOST LIKELY IMMEDIATELY PRODUCE TAX INCREMENT REVENUES WITHIN THE DISTRICT. IS THE EAST EDGE OF THAT SATURN. NO IT DOESN'T. KINGSTON COMMONS DOESN'T GO ALL THE WAY TO SATURN. OKAY, SO LET ME SEE IF I CAN. YEAH. KINGSTON COMMONS. YEAH. IT ENDS AT ARBY'S, KIND OF WHERE THE OLD U.S. BANK WAS.

OKAY. AND THEN SATURN IS A LITTLE BIT FURTHER EAST OF THE U-HAUL BUILDING HERE. THAT HELPS ORIENT YOU. YEAH. OKAY. SO WHEN WE LOOK AT THE ANTICIPATED PRIVATE DEVELOPMENT, YOU CAN SEE THESE ARE THESE ARE SEPARATED OUT. KINGSTON COMMONS IS AT THE TOP. A MIX OF. THERE ARE A FEW ANTICIPATED FUEL STATION, TWO DIFFERENT PHASES OF COMMERCIAL BUILDINGS, SOME

[00:20:04]

THOSE WERE BASED ON SOME RECENT NUMBERS THAT HAVE BEEN PROVIDED IN OTHER DISTRICTS, AS WELL AS WHAT I CAN FIND THROUGH THE THE COUNTY ASSESSOR'S OFFICE FOR SOME SIMILAR BUILDINGS AND HOW THEY'VE BEEN ASSESSED. THE PROJECTS BELOW THAT, WHERE YOU SEE IS THE NORTHWEST AREA AND THE YELLOWSTONE ADDITION. THE NORTHWEST AREA ARE JUST A COUPLE OF PARCELS NEXT TO WALGREENS. THERE ARE. THERE ARE THE MULTIFAMILY. THAT'S AN EXISTING SITE PLAN THAT IS IN THE CITY'S REVIEW. AND THE COMMERCIAL BUILDING IS REFLECTIVE OF THE PROPERTY THAT WAS RECENTLY SOLD. THAT'S RIGHT. ADJACENT TO BROADWAY. AND ESTIMATING WHAT THAT DEVELOPMENT WILL BE AS WELL, ALTHOUGH THERE'S NOT BEEN ANY PLANS SUBMITTED. YELLOWSTONE ADDITION IS THE THE RESIDENTIAL AREA TO THE EAST OF THE KINGSTON COMMONS. AND WHAT I TRIED TO DO THERE IS LOOK AT THE THE VACANT PROPERTIES THAT EXIST, WHAT THE MOST LIKELY USES ARE. I SPOKE WITH A FEW OF THE PROPERTY OWNERS. I SPOKE WITH THE CITY. THE COFFEE SHOP IS REFLECTIVE OF A SITE PLAN OR ANTICIPATED DEVELOPMENT. THERE. THE TOWNHOMES ARE REFLECTIVE OF A SITE PLAN THAT WAS REVIEWED BEFORE AND THEN TRYING TO ESTIMATE WHAT COMMERCIAL SPACE COULD OCCUR ON THE BLOCKS THAT REMAIN. SO THEN AGAIN, LOOKING AT THE POTENTIAL COSTS, ELIGIBLE COSTS AGAIN SEPARATED OUT KINGSTON COMMON AT THE FRONT OR AT THE TOP FOR ROUGHLY $1.4 MILLION IN ELIGIBLE COSTS. ONE CAVEAT THERE ONE ONE EXPLANATION THERE IS THAT IF YOU READ THE REPORT, THE GRADING, BLASTING, AND OTHER SITE REMEDIATION IS MORE OF A RESERVE NUMBER BECAUSE, AS YOU RECALL, THE GEOTECHNICAL STUDY DIDN'T FIND ANY ROCK. BUT I THINK THERE'S STILL CONCERN THAT AS THAT SITE LEVELED OUT AND THE CURRENT GRADE GOES DOWN, THAT THERE WILL BE SOME POTENTIAL ROCK DISCOVERED. AND EVEN IF IT IS NOT, THERE ARE SOME PRETTY SERIOUS TOPOGRAPHY ISSUES THAT HAVE TO BE ADDRESSED ON THAT SITE. SO NOT REALLY CLEAR IF THAT $500,000 WILL BE UTILIZED OR NOT. BUT I WANT IT TO BE CONSERVATIVE AND ASSUME THAT THEY WERE UTILIZED. THE WHEN I MET WITH THE CITY TO TALK ABOUT THEIR PRIORITY PROJECTS, THERE ARE QUITE A FEW CITY OWNED PROPERTIES IN THE YELLOWSTONE EDITION. ONE OF THEM HAS BEEN ANTICIPATED TO BECOME A PARK FOR QUITE SOME TIME. THAT'S THE $750,000. AND THEN THE RESIDENTIAL AREA WAS ORIGINALLY BUILT IN THE COUNTY AND ANNEXED LATER. AND SO THERE'S NO CURB, GUTTER, SIDEWALK. THERE ARE SOME ISSUES THERE. AND SO THAT WOULD BE THE PRIORITY FOR THE CITY. AND SO WE'VE ESTIMATED THAT AROUND $2.5 MILLION FOR THE THE NEXT LINE, THE ELIGIBLE DEVELOPER PROJECTS THAT THOSE ARE ANTICIPATING, OTHER SITES THAT COULD DEVELOP AS THE DISTRICT PROCEEDS. I'M THINKING IN PARTICULAR ALONG THE FAR EASTERN BOUNDARY ALONG I-15, WHERE SEVERAL SITE PLANS HAVE BEEN SUBMITTED. BUT THE ROCK IS DEEP. I MEAN, IT'S VERY IT'S VERY EXPOSED, AND YOU'D HAVE TO BLAST A LOT OF ROCK. SO THE $2 MILLION THERE AND POTENTIAL CURB GUTTER SIDEWALK ESTIMATES THERE, THE BOTTOM LIST THERE. I JUST WANT TO HIGHLIGHT THOSE ARE JUST THOSE ARE PROJECTS THAT ARE TYPICAL AND COMMON WITHIN URBAN RENEWAL AREAS. THEY WERE NOT NOTED BY THE CITY AS PRIORITIES. THEY WERE NOT NOTED AS ANYTHING THAT'S NECESSARILY NEEDED. BUT BECAUSE OF THE WAY THE STATUTE IS WRITTEN, IF THEY ARE NOT INCLUDED IN THE PLANNING PROCESS, THEY CANNOT BE ADDED LATER. AND SO THEY'RE LISTED HERE AS POTENTIAL ITEMS. THOSE COSTS ARE ESTIMATES ONLY. THEY ARE NOT BASED IN ANY SORT OF ACTUAL ESTIMATE. THEY ARE JUST PLACEHOLDERS. AND SO FOR THAT REASON THAT $9 MILLION WAS NOT CONSIDERED IN THE FEASIBILITY STUDY ITSELF. YOU'VE SEEN THIS SLIDE ENOUGH. I'M GOING TO SKIP IT. BUT YEAH, JUST A SUMMARY OF LEVY RATES AND. CHANGES IN VALUATION. THESE ARE THE APPLICABLE LEVY RATES. JUST JUST TO NOTE QUICKLY YOU'LL NOTE THERE IS NO FIRE DISTRICT ANYMORE BECAUSE OF THE CHANGES TO THE STATUTE. AND THAT'S WHY THERE'S AN N A ON THE AMBULANCE DISTRICT AS WELL. THE AGENCY WOULD HAVE TO REQUEST THE AMBULANCE DISTRICT TO OPT IN, AND IT'S ANTICIPATED THAT THIS BOARD WILL NOT DO THAT. AND SO THESE ARE ONLY APPLICABLE LEVIES. SO REVENUE. I DID THREE ASSUMPTIONS HERE. I NORMALLY JUST DO THE CONSERVATIVE AND MODERATE. I ADDED THE HIGH REVENUE ASSUMPTION WHICH IS BASED ON ACTUAL AVERAGES, WHICH IS WHY THOSE NUMBERS MAY SEEM A LITTLE BIT SKEWED FROM THE OTHERS. BUT IF YOU LOOK AT THE LAST SEVERAL YEARS OF AVERAGE VALUATION INCREASE IN THE CITY, IT'S BEEN A 13% INCREASE PER YEAR, AND THE LEVY HAS AVERAGED A DECREASE OF 5%. SO THAT'S IF

[00:25:03]

I HAVE A QUESTION. YOU MAY JUST. YEAH. FIRST, GO AHEAD. LOOKING JUST AT THE KINGSTON CONSERVATIVE REVENUE OF 1.9. AND THEN I BOUNCED OVER TO THE DEBT SERVICE. THE NUMBERS OF ONE POINT ALMOST FOUR. SO THERE'S A DIFFERENCE THERE OF WHAT, ABOUT HALF $1 MILLION.

I'M REALLY NOT TRACK THAT RELATIONSHIP IN THE PAST. IS THAT WHEN YOU SAID IT'S A LITTLE TIGHT, IS THAT KIND OF THE NUMBER YOU'RE LOOKING AT TO MAKE THAT COMMENT? IT IS.

BECAUSE WHAT YOU'RE NOT SEEING IN THAT, YOU'RE PROBABLY LOOKING AT PAGE 14, RIGHT? THAT'S WHERE I STARTED WAS 14. AND THEN WHEN YOU'RE NOT SEEING THE DIFFERENCE IN THOSE NUMBERS IS THAT 1.9 IS NOT ONLY FEEDING THE OPA AND THOSE ANTICIPATED COSTS, BUT IT'S ALSO FEEDING DISTRICT ADMINISTRATION. AND THE A HOLD BACK FOR POTENTIAL PRIORITY PROJECTS THE AGENCY MAY HAVE. SO IT'S JUST ASSUMING THAT ONLY 75% OF THAT 1.9 GOES TOWARDS THE OPA. GOTCHA. SO THEN IF I IF I KIND OF ROLL OVER TO 16, IS THAT WHERE SOME OF THAT OTHER STUFF KIND OF COMES IN? YES, YES. PAGE 16. THANKS. SO, BRAD, JUST HYPOTHETICALLY THINKING IF, IF SOME MAJOR PROJECT CAME INTO THIS EAST SIDE AREA AND DID A LOT OF REDEVELOPMENT OF SOME OF THOSE PROPERTIES IN THERE, THEN AT THAT POINT, CAN, CAN THE CITY DESIGNATE AS A PRIORITY

[00:30:03]

COMMISSIONERS AND MR. KRAMER. THAT'S RIGHT. THE STATUTORY REQUIREMENTS FOR AN URBAN RENEWAL PLAN DO REQUIRE A CERTAIN LEVEL OF SPECIFICITY, BUT THEY'VE ALSO GOT TO BE OVERLAID WITH WHAT CAN REASONABLY BE ACCOMPLISHED DURING THE LIFE OF THE PLAN.

AND SO WE'VE PROVIDED SOME FLEXIBILITY HERE BY, YOU KNOW, YOUR CRYSTAL BALL IS BETTER IN THE NEAR TERM, BUT WE'VE ALSO HAD SOME NON PRIORITY PROJECTS THAT ARE IDENTIFIED THAT MAY BE REPRIORITIZED. BUT IF YOU'RE MISSING SOMETHING LIKE THERE HAS TO BE A LIFT STATION OR SOMETHING. AND THAT'S NOT SPECIFICALLY IDENTIFIED UNDER THE THE HEADING OF SEWER INFRASTRUCTURE IMPROVEMENTS, THEN YOU REALLY WOULDN'T BE ABLE TO UNDERTAKE THAT EVEN IF IT'S WARRANTED IN YEAR 15. SO FOR FOR TO GIVE AN EXAMPLE OF THE BROAD CATEGORY AND THOSE NON PRIORITY PROJECTS, THE EXAMPLE OF A ROAD WOULD IN MY MIND BE COVERED UNDER ADDITIONAL STREET AND STREETSCAPE IMPROVEMENTS. BUT TO MEGAN'S POINT, THERE IS NOTHING THAT TALKS ABOUT ADDITIONAL UTILITY INFRASTRUCTURE. AND SO MAYBE, MAYBE THAT'S WHEN THE BOARD WOULD LIKE TO SEE ADDED AS A NON-PRIORITY PROJECT PLACEHOLDER. WELL, I DON'T HAVE ANYTHING SPECIFIC IN MIND, BUT. SO WHEN YOU'VE GOT $2 MILLION FOR ROADS, HOW SPECIFIC HAVE YOU IDENTIFIED FOR FOR THAT $2 MILLION MIGHT BE SPENT? ALMOST NONE. THERE'S NO SPECIFICITY BEHIND THAT. IT'S JUST A PLACEHOLDER, OKAY. IN BOTH LOCATION AND NUMBER. YEAH. AND WHEN YOU REVIEWED THE EXISTING UTILITIES AS FAR AS DEPTH AND WHATNOT, AND BECAUSE IT WAS NOTED THAT THERE WAS SOME, YOU KNOW, BLASTING, OBVIOUSLY SOMETHING THAT'S GOING TO CHANGE. SO IT'S NOT ANTICIPATED TO HAVE TO ADD ADDITIONAL.

CORRECT. SO WHEN I WHEN I MEET, WHEN I'M WRITING THESE, I DO MEET WITH THE CITY. AND SO I MEET WITH PLANNING PUBLIC WORKS AND PARKS AND I ASK WHAT THEIR PRIORITIES, THEIR KNOWN NEEDS ARE IN THE AREAS AND UTILITIES IS SOMETHING WE DO COVER IN THOSE MEETINGS. AND THEY DID NOT INDICATE THERE WAS ANY KNOWN NEED FOR UTILITY INFRASTRUCTURE. SO I'M JUST THINKING ABOUT, YOU KNOW, WHO KNOWS WHAT'S GOING TO HAPPEN IN TEN, 15 YEARS. SOMETHING OUT OF THE BLUE JUST WONDERED HOW, HOW EASILY OR IF IT CAN EVEN BE ACCOMMODATED. THAT'S KIND OF THE POINT I'M TRYING TO GET TO. YEAH, I DON'T SO TO, TO INCLUDE THAT AS A LINE UTILITY INFRASTRUCTURE WITH A NUMBER ATTACHED TO IT. AND AGAIN, MEGAN, CORRECT ME IF I'M WRONG, BUT THAT'S NOT HARD TO ACCOMPLISH. THOSE ARE JUST SOME TWEAKS TO THE ECONOMIC FEASIBILITY STUDY, SOME TWEAKS TO THE PLAN. IF THE BOARD WANTED TO INCLUDE THAT IN YOUR RECOMMENDATION, IN YOUR MOTION AND RECOMMENDATION, THOSE ADJUSTMENTS CAN BE MADE, BUT IT'S GOT TO BE MADE NOW BEFORE IT GOES TO CITY COUNCIL FOR APPROVAL. YES. WELL, I DON'T HAVE ANYTHING SPECIFIC IN MIND. I'M JUST KIND OF BATTING THIS AROUND HERE. IF WE'VE GOT THE

[00:35:02]

THAT HELPS. AND AGAIN, THIS WAS JUST WRITTEN AS, AS THE MOST CONSERVATIVE APPROACH I COULD IN THE DEVELOPMENT OF AN ACTUAL OPA. THERE IS NOTHING THAT WOULD THAT I'M AWARE OF THAT WOULD PREVENT THE BOARD FROM IN THAT OPA STATING THAT ALL TAX INCREMENT REVENUES FROM THE ENTIRE DISTRICT WOULD GO TOWARDS KINGSTON COMMONS FIRST. FOR EXAMPLE, THE NORTHWEST AREA.

THOSE PROJECTS ARE LIVE, SO TO SPEAK. THERE'S NOTHING THAT WE'RE AWARE OF THAT WOULD THAT THEY WOULD NEED IN TERMS OF DEVELOPMENT ASSISTANCE. NO ROCK, NO CURB, GUTTER, SIDEWALK.

THERE'S NO REASON THAT THE BOARD COULDN'T DECIDE IN THAT DEVELOPMENT, OPA DEVELOPMENT PROCESS TO FUNNEL THOSE DOLLARS TOWARDS KINGSTON COMMONS REIMBURSEMENT. YEAH. AND TO ME, THAT TO ME, THAT'S IMPORTANT. THEY FUNDED MONEY. THEY'VE DONE A LOT OF WORK. THEY'VE DONE A LOT OF THINGS. AND THE CITY'S TAGGING ON TO TRY TO GET ADVANTAGE OF SOME OF THIS, WHICH THESE STREETS ARE DO NEED A LOT OF HELP IN THAT AREA. BUT I MEAN, I THINK PEOPLE WHO TOOK THE CHANCE DID, YOU KNOW, NEED TO GET PAID BACK FIRST, IT SEEMS TO ME SO THAT WE DO THAT IN THE OPA ONCE WE GET TO THE OPA STAGE. YES. DOES IT THAT FAR? LIKE IF SOMEONE CAME IN NEXT MONTH TO DO ONE OF THESE OTHER THINGS? I MEAN, YEAH, SO IF SOMEBODY CAME IN AND WANTED TO BUILD A BIG APARTMENT COMPLEX AND WANTED MONEY FROM US, WE'D SAY, YOU, YOU DON'T ONLY GOING TO GET YOUR MONEY AFTER THEY GET THEIR MONEY, BUT THAT WOULD ACCELERATE THEM GETTING THEIR MONEY TOO, BECAUSE THE THE NEXT PERSON WON'T HAVE FUNDED THIS AND GONE THROUGH THE YEAR LONG PROCESS OF DOING THIS. SO THEY MAY NOT GET THE REVENUES FOR, YOU KNOW, IF THEY BUILD SOME BIG BUILDING, THEY MIGHT NOT GET THE REVENUES FOR A COUPLE OF YEARS. IS THAT RIGHT? THAT DOES THAT DOES HAMPER OUR DISCRETION. BUT AND IT MIGHT DISCOURAGE OTHER DEVELOPERS FROM SPEEDING UP THEIR OWN PROCESS. I MEAN, IS THAT A NORMAL WAY TO DO THIS FOR OTHER DISTRICTS WHERE YOU USUALLY JUST HAVE ONE DEVELOPER? THIS IS I THINK THIS SITUATION

[00:40:04]

YOU'VE GOT PLENTY OF TIME TO WORK THROUGH THIS, THOSE DISCUSSIONS THAT YOU WON'T EVEN START TALKING ABOUT IT FOR PROBABLY 5 OR 6 MORE MONTHS. RIGHT? YEAH. WE DON'T HAVE TO DECIDE THAT ISSUE TODAY. OKAY. LET'S GO TO. SO IS THERE ANYTHING ELSE WE WANT TO ADD UTILITIES TO THE TABLE? TWO IS THERE ANYTHING ELSE THAT NEEDS TO BE DONE? ANY OTHER COMMENTS ON THE URBAN RENEWAL PLAN? OKAY. HEARING NONE. THEN. DO WE WANT TO POSTPONE CONSIDERING THIS RESOLUTION UNTIL NEXT MONTH TO MAKE THOSE CHANGES? I WILL WANT TO DO A SECOND COUNTY. OKAY.

AND MEGAN, THIS WON'T IMPACT CITY COUNCIL APPROVAL DATE AS I UNDERSTAND. IF WE CORRECT, WE POSTPONE THIS MONTH AS LONG AS WE HAVE A QUORUM NEXT MONTH. YES. THANK YOU, MR. CHAIR.

COMMISSIONERS, WE SHOULD BE ABLE TO. IT JUST PUTS, I THINK, MORE PRESSURE ON A COMPRESSED TIMELINE TO GET THIS PLAN ALL THE WAY THROUGH THE PROCESS BY YEAR END. SO THERE ARE A COUPLE WAYS WE WE COULD ADDRESS IT. WE CAN CERTAINLY COME BACK IN OCTOBER, AND THEN WE'LL JUST NEED TO MOVE EXPEDITIOUSLY TO MAKE SURE THAT WE HIT ALL THE MILESTONES, BECAUSE THERE JUST WON'T BE ANY OPPORTUNITY TO HAVE ANY SLIP UP. THERE SHOULD BE ENOUGH. WE HAVE APPROVED PLANS IN OCTOBER, I BELIEVE, BEFORE, AND WE CAN GET THEM DONE BEFORE YEAR END, BUT IT DOES PUT SOME PRESSURE ON STAFF TOWARDS THE YEAR END. ALTERNATIVELY, THERE COULD BE IF IT'S JUST ADDING THE UTILITIES AND CHANGING SOME DOLLARS ON THE NON PRIORITY LIST, THERE IS FLEXIBILITY IN THE AGENCY RESOLUTION ITSELF TO DIRECT STAFF TO MAKE THOSE CHANGES BEFORE THE PLAN IS ADVANCED FORWARD THROUGH THE PROCESS. SO I THINK IT REALLY JUST IS A MATTER OF DO YOU WANT TO SEE THIS AGAIN BEFORE IT'S FORMALLY APPROVED. OKAY. VERY GOOD. THANK YOU. MEGAN, I, I WOULD LIKE TO PUSH THIS ALONG. I'D LIKE TO GET WORK DONE. AND I THINK WE COULD DO IT THE WAY MEGAN SAYS, JUST LEAVE THE DISCRETION TO THE UTILITY AND UTILITY LINE IN THERE. GET SOME. SO THAT'S ESSENTIALLY ALL THAT WE'VE TALKED ABOUT. I WOULD LIKE TO KEEP THIS MOVING. IF SOMEBODY WANTS TO MOVE ONE WAY OR ANOTHER. SO. LET'S HAVE A MOTION TO EITHER. YEAH. LET'S SEE. MEGAN, WHY DON'T WE WHY DON'T WE READ THE RESOLUTION BY

[00:45:03]

IT'S JUST THE LINE ITEM. WHY ARE WE GOING TO ADD, WHY ARE WE GOING TO VOTE ON THE CONDITION OF ADDING THIS WHEN WE JUST DECIDED NOT TO VOTE? I THINK THE OTHER ONE WAS A LOT MORE COMPLICATED, TRYING TO MAKE ALL THOSE CORRECTIONS. THIS IS, I THINK, JUST ADDING ONE LINE TO TABLE TWO OF UTILITY INFRASTRUCTURE AND SHIFTING THE NUMBERS A BIT TO. TO FIT IT IN.

IS THIS SCHEDULED FOR SEPTEMBER FOR CITY? THE SCHEDULE CURRENTLY IS. THIS GOES TO THE PLANNING AND ZONING COMMISSION. NOVEMBER, WHATEVER THE WEDNESDAY IS AFTER ELECTION, THIRD OR FOURTH AND IT GOES TO CITY COUNCIL NOVEMBER 12TH. SO THAT'S THE CURRENT SCHEDULE. I DON'T HAVE ANY PROBLEM WITH VOTING ON IT IN LIEU OF THE CHANGE. I JUST THOUGHT WE WERE GOING TO A SIMILAR ISSUE TWO DIFFERENT WAYS, BUT I HAVE NO PROBLEM WITH. ALL RIGHT. SO IS THERE A MOTION? MR. MR. CHAIR COMMISSIONERS, JUST TO OFFER A LITTLE BIT MORE, THERE WILL BE JUST A TWEAK TO THE ECONOMIC FEASIBILITY STUDY. THERE WILL NEED TO BE SOME LANGUAGE ADDED TO THE PLAN ITSELF, BUT IT'S NOT. I THINK WHAT WE COULD DO IS WHEN WE MAKE THOSE CHANGES, WE CAN REDLINE THEM. AND THEN WHEN WE GATHER AGAIN IN OCTOBER, WE CAN SHARE WHAT THE CHANGES WERE THAT WERE MADE TO THE PLAN, IF THAT'S HELPFUL AT ALL, IT'S NOT GOING TO BE OVERLY SUBSTANTIVE, BUT WE WANT TO HAVE THE PLAN NARRATIVE EXPAND ON WHAT'S IN THE ECONOMIC FEASIBILITY STUDY. SO IT WOULD BE SOME LANGUAGE ADDED GENERALLY TO SECTION 301 AND MAYBE A FEW OTHER REFERENCES THROUGHOUT, BUT NOT SIGNIFICANT CHANGES IN TERMS OF SUBSTANCE.

MR. CHAIR, I HAVE A QUESTION AS WELL TOO, IF YOU'RE RESPONDING TO THAT ONE. YEAH. GO AHEAD.

I'M WONDERING IF I'M REMEMBERING THAT LAST MONTH WHEN I KIND OF GAVE THE INITIAL NUMBERS AND FINDINGS, I ASKED IF THE BOARD WANTED TO BE TO KEEP THE KINGSTON COMMONS ISOLATED. AND AT THAT TIME THE ANSWER WAS YES. I'M ALMOST HEARING THAT. MAYBE YOU'D LIKE MAYBE TO FLIP THAT. AND BEFORE YOU MAKE A MOTION TO JUST MAKE THAT MINOR CHANGE, DO YOU WANT ME TO ALSO ADD A FEW CHARTS THAT SHOW HOW THEY GET PAID OFF? IF YOU WERE, IF THEY WERE TO RECEIVE REVENUES FROM THE ENTIRE DISTRICT, OR IS THAT SOMETHING? NO, I DON'T I DON'T THINK SO. I THINK LET'S NOT MAKE ANY MORE COMPLICATED. OKAY. ALL RIGHT. WE CAN DEAL WITH THAT. THE OPEN STAGE. OKAY, EXCELLENT. OKAY. SO IS THERE A MOTION ONE WAY OR ANOTHER? I'LL MAKE THE MOTION THAT WE APPROVE RESOLUTION NUMBER 2026-09 AS READ, SUBJECT TO CHANGES. MINOR TECHNICAL CHANGES TO THE TO THE RESOLUTION. THEN WE HAVE DISCUSSED DISCUSSED. OKAY. IS THERE A SECOND? SECOND. OKAY. ANY FURTHER DISCUSSION? ALL IN FAVOR, SAY I, I I ANY OPPOSED SAY NAY. MOTION PASSES UNANIMOUSLY. ALL RIGHT. THANK YOU. I JUST DON'T LIKE TO PUT PRESSURE ON THE OTHER AGENCIES THAT HAS TO STILL GO THROUGH THIS TOO, AND USE UP TIME. SO.

[5. ACTION ITEM: Consider Resolution No. 2026-10 Approving The Memorandum Of Understanding With Kingston Properties L.P. Regarding Early Construction Of Eligible project Costs (Proposed Skyline-Broadway District)]

[00:50:02]

RESOLUTION NUMBER 2026 DASH TEN BY THE BOARD OF COMMISSIONERS OF THE URBAN RENEWAL AGENCY OF

[00:55:05]

APPROVING THAT CERTAIN MEMORANDUM OF UNDERSTANDING BETWEEN THE IDAHO FALLS REDEVELOPMENT AGENCY AND KINGSTON PROPERTIES LP RELATED TO THE EARLY CONSTRUCTION OF ELIGIBLE PROJECTS IN THE PROPOSED BROADWAY AND SKYLINE URBAN RENEWAL PROJECT, DIRECTING THE CHAIR OR VICE CHAIR TO EXECUTE, AND A TEST SET AGREEMENT AUTHORIZING THE CHAIR OR VICE CHAIR TO EXECUTE ALL NECESSARY DOCUMENTS REQUIRED TO IMPLEMENT THE AGREEMENT. AUTHORIZING ANY TECHNICAL CHANGES SUBJECT TO CERTAIN CONDITIONS AND PROVIDING AN EFFECTIVE DATE. OKAY. ANY FURTHER DISCUSSION? IS THERE A MOTION REGARDING THAT RESOLUTION? MOVE TO APPROVE RESOLUTION 2026 TEN AS READ. IS THERE A SECOND? SECOND.

ALL IN FAVOR, SAY AYE. I I I ANY OPPOSED SAY NAY. ALL RIGHT. THANK YOU. OKAY. APPRECIATE IT.

ALWAYS WANT TO KEEP THESE DEVELOPERS MOVING ALONG. WE I DIDN'T GIVE YOU A CHANCE TO TO MAKE ANY COMMENTS, BUT IS THERE ANY COMMENTS YOU WANTED TO MAKE FROM THE DEVELOPER? NO. I THINK THAT, YOU KNOW, THANK YOU GUYS FOR, FOR SEEING THIS THROUGH. AND, YOU KNOW, WE'RE KIND OF THE FINAL STAGE WITH THE, THE BUILDING DEPARTMENT GOT THEIR LAST COMMENTS BACK AND WORKING WITH THE ENGINEER AND HOPE TO START MOVING, MOVING SOME DIRT, MAKING THINGS HAPPEN OVER THERE.

OKAY. VERY GOOD. WE APPRECIATE YOUR PATIENCE AND ALL THE HARD WORK YOU'VE DONE. SO THANK YOU.

[6. ACTION ITEM: Appoint New Treasurer]

YEAH. SO I, I HAVE DECIDED TO RESIGN FROM MY POSITION AS MY COUNSEL FOR THE CITY OF IDAHO FALLS. MY OFFICIAL LAST DAY IS OCTOBER 3RD. SO IN ABOUT TWO AND A HALF WEEKS, I THINK IS WHAT IT IS. I'VE WORKED WITH THE AGENCY NOW FOR ABOUT THREE YEARS. SO IT'S BEEN IT'S BEEN A IT'S BEEN A GREAT JOURNEY. I'VE ENJOYED ALL THE OPPORTUNITIES AND PRIVILEGES THAT HAVE BEEN GIVEN TO ME. I APPRECIATE THE BOARD AND AND YOUR SUPPORT AND YOUR WILLINGNESS TO HELP OUT WITH MY RESPONSIBILITIES AND DUTIES. BUT YEAH, MY SO MY HUSBAND, HE WORKS FOR IDAHO FALLS POWER AND HE GOT A NEW JOB THAT REQUIRES SHIFT WORK NOW. AND SO WITH LITTLE KIDS, IT'S JUST KIND OF HARD. IT WAS A REALLY DIFFICULT DECISION, BUT I DECIDED TO, TO RESIGN FOR A LITTLE BIT AND TELL MY KIDS GET OLDER AND THEY'RE ALL IN SCHOOL. AND THEN I TOLD MARK THAT IF THERE'S A POSITION BACK AT THE CITY, I'D LOVE TO REVISIT, YOU KNOW, COMING BACK.

BUT FOR HIM, I, I HAVE DECIDED TO STEP DOWN AND RESIGN FROM MY POSITION. BUT, YOU KNOW, I HAVE FULL FAITH IN CAMMY. CAMMY PRICE I KNOW THAT SHE'S SHE'S DONE A PHENOMENAL JOB WITH THE CITY. SHE'S A FANTASTIC ACCOUNTANT. I ENJOY WORKING WITH CAMMY AND I KNOW SHE'LL TAKE GOOD CARE OF IT FOR US. SO IT'S BEEN A PRIVILEGE AND AN HONOR. SO THANK YOU. THANK YOU CASSIE. WE CERTAINLY EXPRESS OUR APPRECIATION. YOU'VE DONE A FANTASTIC JOB, AND WE APPRECIATE HOW YOUR ATTENTION TO DETAIL AND HOW YOU'VE HELPED US IN SO MANY WAYS. SO WE DO APPRECIATE THAT. CAMMY, DO YOU WANT TO INTRODUCE YOURSELF? HI. LIKE I SAID, MY NAME IS KATIE PRICE. I'VE BEEN WITH THE CITY FOR ABOUT FIVE OR SO YEARS AS AN ACCOUNTANT, AND I REALLY ENJOYED WORKING HERE. AND I KNOW I HAVE SOME REALLY BIG SHOES TO FILL WITH CASSIDY, AND I APPRECIATE YOU GUYS PUTTING YOUR TRUST IN ME, BUT I'M REALLY EXCITED TO LEARN MORE.

I'M ACTUALLY VERY I'M INTERESTED IN LEARNING MORE ABOUT THIS. AND SO IT'S A VERY EXCITING OPPORTUNITY. ANY QUESTIONS? I DON'T THINK SO. WE'RE JUST WE'RE EXCITED TO HAVE THE OPPORTUNITY TO WORK WITH YOU. SO THANK YOU. THANKS, CAMMY. I ONLY HAVE ONE. I THOUGHT THIS MEANT THAT I THOUGHT THAT HARRY WAS THE TREASURER AND THAT THIS IS A STAFF ACCOUNTANT. SO IT SAYS WE'RE BRINGING A NEW TREASURER THAT I WAS I HAD A COMPLETELY

[01:00:01]

YES. I'M THE TREASURER. SECRETARY FOR THE DISTRICT. RIGHT. SO WE'RE NOT REALLY APPOINTING A NEW TREASURER JUST TO. STAFF. TREASURER, YEAH. YEAH. THAT'S GOOD. DO WE NEED THAT BY MOTION OR IS THAT SOMETHING. SHOULD WE. I DON'T KNOW THAT WE'VE I GUESS WE'VE APPOINTED THE EXECUTIVE DIRECTOR BEFORE, BUT JUST TO DISCUSS. THE POSITION CONTRACT.

SO I DON'T SEE THAT WE HAVE ANY. YEAH. THERE'S NO REQUIREMENT ON OUR PART TO ACCEPT OR REJECT THEIR STATUTES, THEIR EMPLOYEE. RIGHT. I THINK THAT'S I THINK THAT'S RIGHT. EXECUTIVE DIRECTOR WAS A SEPARATE CONTRACT. SO WE HAD TO APPROVE THAT. SO THE CITY WE DO WE WE DO APPRECIATE THE CITY HIRING PEOPLE AND THEN ASSIGNING THEM TO US VERY GENEROUSLY. AND WE DO APPRECIATE THAT. OKAY. I THINK THAT'S I THINK THAT'S RIGHT. YOU HAVE ANY DISAGREE WITH THAT, MEGAN? I THINK YOU, MISTER CHAIR COMMISSIONERS, THE ONLY THING. YES. PURSUANT TO THE CITY AGENCY AGREEMENT, THERE IS LANGUAGE IN THERE ABOUT THE TREASURER POSITION AND THAT GENERALLY THAT IS GOING TO BE STAFFED PURSUANT TO THE TREASURER'S OFFICE. WHAT I DON'T KNOW IS IF CAMMY HAS THE NEED FOR SIGNATURE AUTHORITY. YES. ON ANY ACCOUNTS OR CHECKS, AND IF SO, I THINK IT WOULD BE GOOD TO FORMALLY ACCEPT HER AS THE. I GUESS, AGENCIES DESIGNATED TREASURER UNDER THE CITY AGENCY AGREEMENT. BUT IF NOT, THE SCOPE IS PRETTY MUCH COVERED BY THE CITY AGENCY AGREEMENT. I THINK IT'S JUST A MATTER OF AND I, I TURN TO MARK AND CASSIE AS TO, YOU KNOW, THE INTERNAL WORKINGS AS TO WHAT THEY MAY NEED TO SET CAMMY UP.

ALL RIGHT. SOUNDS GOOD. YEAH. I, I WOULD SUGGEST THAT THIS BECOMES AN ACTION ITEM, BECAUSE WE WILL NEED TO TRANSFER SIGNATURE AUTHORITY TO CAMMY FOR BANK ACCOUNT AND ALL OF THAT. SO OKAY, THAT I'M GLAD THAT MEGAN MENTIONED THAT THAT WAS SOMETHING I WAS GOING TO BRING UP. ALL RIGHT. SO IT WAS JUST A DISCUSSION ITEM. NO, IT WASN'T AN ACTION ITEM. BUT WE YEAH, LET'S PUT IT ON TO APPOINT HER AS WHAT, WHAT SHOULD WE CALL HER CASKET AND, AND NEED TO ACCEPT THE AGENCY'S NEW APPOINTEE AS TREASURER WITH SIGNATURE AUTHORITY. CORRECT.

RIGHT. BUT DO YOU WANT TO CALL SOMETHING ELSE IN LIGHT OF YOUR COMMENT, CHRIS, LIKE YOU SAID, NOT COLOR TREASURER, DO YOU WANT TO CALL HER ACCOUNTANT? OKAY, LET'S PUT IT. LET'S HAVE AN ACTION ITEM FOR APPOINTMENT AND ACCOUNTANT STAFF ACCOUNTANT FROM THE CITY AND DELEGATION OF SIGNATURE AUTHORITY FOR NEXT MONTH. DOES THAT SOUND GOOD? SO MOVE NOW. DO THAT NOW. I DON'T THINK I DON'T KNOW IF WE CAN DO THAT WITHIN THE SCOPE OF WHAT WE HAVE HERE. SO SHE'S NOT GOING TO BE ABLE TO SIGN CHECKS. OKAY. I MEAN IS THERE A MOTION TO THAT EFFECT. CHRIS. MOTION.

SO MOVED. OKAY. IS THERE A SECOND? SECOND. ALL RIGHT. ALL IN FAVOR, SAY AYE. AYE. ANY OPPOSED? SAY NAY. MOTION PASSES UNANIMOUSLY. THANK YOU FOR ALL YOUR HELP. ALL RIGHT.

[7. DISCUSSION ITEM: Directors Repot]

WILLOW CREEK IS STILL SCHEDULED TO BE HEARD BY THE CITY COUNCIL ON SEPTEMBER 24TH. AND IN THAT DISTRICT WILL BE PRETTY WELL FINISHED AND WRAPPED UP PANCREA EAST BANK, THE HOTEL THAT WAS THE DRIVER OF THAT IS COMPLETE AND OPEN FOR BUSINESS. THEY. THEY HAVE HAD TWO APPROVED CONFIRMATIONS OF REIMBURSEMENT, BUT THOSE DID NOT INCLUDE RIGHT OF WAY IMPROVEMENTS OR RIVERWALK WORK THAT THEY DID. AND SO I'M WORKING WITH THE CONTRACTOR RIGHT NOW TO PULL OUT THOSE THOSE COSTS. THEY WEREN'T APPARENTLY TRACKED AND ITEMIZED AS CLEANLY AS WOULD HAVE BEEN HOPED. AND SO IT'S GOING TO TAKE A MINUTE TO WORK THROUGH THOSE TO FIGURE OUT WHAT IS ACTUALLY ELIGIBLE AND WHAT IS NOT. BUT JUST KNOW THAT THAT'S BEING WORKED THROUGH.

AND YOU'LL HAVE ANOTHER REPORT AND REQUEST FROM THAT AGENCY OR FROM THAT DISTRICT SOON. OKAY.

VERY GOOD. ANY UPDATE, CHRIS OR, OR MEGAN. I DON'T HAVE ANYTHING. I BELIEVE THERE'S A MEETING

[9. Next Meeting: October 15, 2026]