NOTICE OF PUBLIC HEARING

BUDGET FOR FISCAL YEAR 2011-2012  (FY2012)

RIGGINS URBAN RENEWAL DISTRICT

RIGGINS, IDAHO

 

            Notice is hereby given that the Board of Directors of the Riggins Urban Renewal Agency, Riggins, Idaho will hold a public hearing for consideration of the proposed budget for the fiscal period October 1, 2011 through September 30, 2012.   Said hearing to be held at the Riggins City Hall, 126 N. US#95, Riggins, Idaho, at 6:30 p.m., July 11, 2011.  At said hearing all interested persons may appear and show cause, if any they have, why said proposed budget should not be adopted.  Note  that the figures below include proposed projects that may or may no be completed due to the availability of revenue sources, including developer advances and grant funds.

 

PROPOSED EXPENDITURES

 

            The following is an estimate set forth in said proposed budget of the total proposed expenditures and accruing indebtedness of the Riggins Urban Renewal District of Riggins, Idaho, for the fiscal period October 1, 2011 September 30, 2012.  The proposed FY 2012 budget is shown below as FY2012 proposed expenditures and revenues.                                                           

                                                  Actual           Actual             Budgeted        Proposed

                                                FY 2009          FY 2010          FY 2011         FY 2012

                       

Capital Improvements           $    -0-                -0-                $2,470,000       $2,470,000

Developer/City Reimb            3,230               1,880                     2,500                 2,500

City-Sewer Bond                    6,950              5,000                   10,000              10,000

Administration                         1,800              1,800                     1,800                1,800

Interest                                                      50                  106

Other                                           -0-                    425                        280                   700

TOTAL EXPENSE              $12,030             $9,211            $2,484,580       $2,485,000

 

PROPOSED REVENUE

 

            The estimated revenue for the Riggins Urban Renewal District of Riggins, Idaho, for the fiscal year October 1, 2011 September 30, 2012, is as follows with the proposed FY 2012 budget shown as FY 2012 Proposed Revenue:

Actual             Actual             Budgeted        Proposed

                                                FY2009        FY 2010             FY 2011          FY 2012

 

Developer Advance             $   2,480          $   -0-                  $2,470,000      $2,470,000     

Property Tax Increment          10,501             9,451                    14,580             15,000            

TOTAL REVENUE            $  12,981         $  9,451              $2,484,580      $2,485,000

 

 

I, June Whitten, Secretary of the Riggins Urban Renewal Agency, of Riggins, Idaho, do hereby certify that the above is a true and correct statement of the proposed expenditures and revenues for fiscal year 2011-2012, all of which have been tentatively approved and entered at length in the Journal of Proceedings.  I further certify that the Riggins Urban Renewal Agency did give notice for said hearing with notice having been published at least seven working days prior to the adoption of the budget by the Council.  Citizens are invited to attend the budget hearing on July 11, 2011, at 6:30 pm, and have the right to provide written or oral comments concerning the entire budget.  A copy of the proposed budget in detail is available at the Riggins City Hall for inspection during regular office hours.  Citizens and senior citizens are encouraged to attend and comment.  City Hall is accessible to persons with disabilities.  Anyone desiring accommodations for disabilities related to the budget documents or to the hearing, please contact June Whitten at 628-3394 at least 48 hours prior to the public hearing.

 

Dated this 27th day of June 2011.                                                           s/ June Whitten

                                                                                                _______________________________________________

                                                                                                            June Whitten, Secretary, Riggins URA