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Notice is hereby given that the Blackfoot Urban Renewal Agency , will hold a public hearing for consideration of the proposed budget for the fiscal period October 1, 2019 to September 30, 2020 said hearing to be held at City Hall Council Chambers on 157 N Broadway Blackfoot, Idaho at 7 a.m. on September 10, 2019. At said hearing all interested persons may appear and show cause, if any they have, why said proposed budget should not be adopted. Downtown Riverview Total District District Projected Income Investment Income $6,000 $5,000 $11,000 Property Tax Revenues $475,000 $250,000 $725,000 Total Budgeted Income $481,000 $255,000 $736,000 Planned Expenditures Administrative Expenses Administrative Costs $1,000 $1,000 $2,000 Accounting and Legal $8,000 $8,000 $16,000 Office and postage $1,000 $1,000 $2,000 Total Administrative Expenses $10,000 $10,000 $20,000 Project Related Expenditures Downtown District Projects Façade Improvement Grants $105,000 $105,000 Economic Development Projects $770,000 $770,000 Riverview District Projects Façade Improvement Grants $100,000 $100,000 Economic Development Projects $500,000 $500,000 Total Project Related Expenditures $875,000 $600,000 $1,475,000 Land Purchase Loan $0 $20,000 $20,000 Tax Anticipation Note Due $0 $113,305 $113,305 Total Projected Expenditures $885,000 $743,305 $1,628,305 Budgeted Current Change in Cash -$404,000 -$488,305 -$892,305 Projected 2019 Cash Carryforward Balance $411,876 $501,610 $913,486 Projected Cash Balance at September 30, 2020 $7,876 $13,305 $21,181 PROPOSED BUDGET FOR FISCAL YEAR 2019-2020 (FY2020) BLACKFOOT URBAN RENEWAL AGENCY