NOTICE OF PUBLIC HEARING

BUDGET FOR FISCAL YEAR 2014-2015 (FY2015)

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, 2014 through September 30, 2015.  Said hearing to be held at the Riggins City Hall, 126 N. US#95, Riggins, Idaho, at 6:30 p.m., September 8, 2014.  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 not 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, 2014–September 30, 2015.  The proposed FY 2015 budget is shown below as FY2015 proposed expenditures and revenues.

                                                  Actual              Budgeted          Proposed

                                                  FY 2013            FY 2014           FY 2015

                   

Future Capital Improvements         -0-                 $2,430,000         $2,430,000

Future Water Study                       -0-                       80,000              80,000

Riggins Community Center          5,000                         -0-                      -0-

City-Sewer Bond                         13,686                             10,000               10,000

Administration                              1,125                        900                     900

Other                                                50                     5,778              15,817

TOTAL EXPENSE                       19,861             $2,526,678                 $2,536,717

 

PROPOSED REVENUE

The estimated revenue for the Riggins Urban Renewal District of Riggins, Idaho, for the fiscal year October 1, 2014–September 30, 2015, is as follows with the proposed FY 2015 budget shown as FY 2015 Proposed Revenue:

          Actual              Budgeted            Proposed

                                                  FY 2013           FY 2014              FY 2015

 

Developer Advance                   $   -0-            $2,510,000         $2,510,000     

Property Tax Increment                12,105                13,678               14,073

Cash Carryover                                                         3,000               12,644

TOTAL REVENUE                       $12,105           $2,526,678        $2,536,717

 

I, Brenda Tilley, 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 2014-2015, 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 September 8, 2014, 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 RigginsCity 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 Brenda Tilley at 628-3394 at least 48 hours prior to the public hearing.

 

Dated this 14th day of July 2014.                                                                   s/  Brenda Tilley

                                                                                                                                                                     ______________________________________

                                                                                                                          Brenda Tilley, Secretary, Riggins URA