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NOTICE OF PUBLIC HEARING CITY OF JEROME LEVY FOREGONE PROPERTY TAXES FOR FISCAL YEAR 2025 NOTICE IS HEREBY GIVEN that the City Council of the City of Jerome, Idaho will hold a public hearing for the consideration of forgone reservation for fiscal year 2025 and consideration of Resolution No. 16-24 will be given which reads as follows: RESOLUTION NO. 16-24 A RESOLUTION OF THE CITY OF JEROME, JEROME COUNTY, DECLARING THE INTENT TO COLLECT $65,943 IN FOREGONE PROPERTY TAXES FOR FISCAL YEAR 2025 AND DECLARING THE PURPOSE FOR WHICH THE FOREGONE TAXES ARE BEING BUDGETED. WHEREAS, the City of Jerome intends to include $65,943 of its accumulated balance of $500,246 in Foregone taxes in its FY 2025 budget as authorized by Idaho Code Section 63- 802; and, WHEREAS, the purpose for the levy of Foregone taxes is to fund increased costs in governmental fund related Information System (software) and professional service costs; and WHEREAS, the City provided notice of its intention to levy Foregone taxes by publishing a notice in the Times News on 8/10/24 and again on 8/17/24; and WHEREAS, The City Council held a public hearing concerning its intention to collect the Foregone taxes as contemplated by this Resolution on 8/20/24 in order to receive public comment on the proposal; and WHEREAS, the published notice and public hearing satisfied the notice and hearing requirements in Idaho Code Section 63-802. NOW THEREFORE BE IT RESOLVED, by a majority vote taken by the City Council of the City of Jerome on August 20th, 2024 that the above stated amount be included in the property tax to be levied in FY2024/2025. HEARING DATE AND TIME: Tuesday, August 20, 2024, at 5:30 p.m. HEARING LOCATION: City of Jerome Council Chambers 100 East Avenue A Jerome, Idaho 83338 City Hall is accessible to persons with disabilities. Anyone desiring accommodations for disabilities please call the City Clerk’s office, 324-8189 ext. 105, at least 48 hours prior to the public hearing. Publish: August 10 and August 17, 2024.