[{"_1":2,"_111":-5,"_112":-5},"loaderData",{"_3":4,"_26":27},"root",{"_5":6,"_17":10,"_18":19,"_20":21,"_22":10,"_23":-5,"_24":-5,"_25":10},"user",{"_7":8,"_9":10,"_11":10,"_12":-5,"_13":-5,"_14":15,"_16":-5},"roles",[],"isAuthenticated",false,"isPremium","planName","subscriptionStatus","featureFlags",{},"insightsBudget","isDevelopmentHost","userPreferences",{},"recaptchaSiteKey","6LcvOJcUAAAAAHsB-gPGfGktcRlKpH7OTIU_dMTD","isImpersonating","impersonation","affiliateStatus","isFreedomPortal","routes/v2/article/layout",{"_28":29,"_30":31},"notFound",true,"relatedArticles",[32,75,87,99],{"_33":34,"_35":36,"_37":38,"_39":40,"_41":42,"_43":44,"_45":46,"_47":48,"_49":50,"_51":52,"_53":54,"_55":56,"_57":58,"_59":60,"_61":62,"_63":64,"_65":66,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},"mediaId",6598357,"mediaKeyId","3042967-19de17778d8683a3086bd89e129cc81b","parentId",3042967,"title","Agency authorizes up to $2.58 million reimbursement for River Commons site remediation, subordinate to existing loans","audioSeconds",876,"startMs",653000,"endMs",1529000,"viewUrl","/Search/View?dp=1&key=3042967-19de17778d8683a3086bd89e129cc81b&start=653&end=1529","thumbnailUrl","https://assets.pipeline.soar.com/3042967-19de17778d8683a3086bd89e129cc81b/thumbnail_653000.jpg","articleUrl","/articles/6598357/Idaho-Falls/Bonneville-County/Idaho/Agency-authorizes-up-to-258-million-reimbursement-for-River-Commons-site-remediation-subordinate-to-existing-loans","mediaUrl","https://secure.pipeline.soar.com/6598357-4450861f8bf1898f9466381629f4356c/orig.mp4?Expires=1771199009&Signature=Jc-XlJBwgej98haNiSEyki~zJvZ1VLD4NgbfwxYtIJxQrhuqXDR2ChdfU50~1Fq9sUDQQ17xqquIis-~xE9MJmW~~6PCwD90slJSwY1FaYBEBJDt8dOZb1f-CVSo~0UPE9t3Wes9orzv3RUcpTr0XZlGqKMiVRfHisFIWXzH8R4lp6Jq5b5-XJRV5yAhVHyg5DxDP3iSmop2avevee7EnxxHOmqXhoZoMdIPihoePP0TikATzky6eNh57DY-w3HPoBnY7Gvo-BKFEnogX7v90~VnvQvUj2IbFzqzFQHSLbfB5p4-P9ITM2BXZuES2CUXYWWLJ6BZYPLvUeN1Xfm2lg__&Key-Pair-Id=KUT5TJCACFTXG","author","Idaho Falls City","date","2025-04-17T00:00:00Z","article","The Urban Renewal Agency of Idaho Falls on Wednesday approved Resolution 2025-05 authorizing the agency to enter into a grant participation reimbursement agreement with SRL Development LLC for remediation work in the River Commons project area.

Megan, a staff member, told commissioners the proposed agreement sets a not-to-exceed reimbursement amount of $2,575,850 and is structured similarly to the agency's standard owner participation agreements. She said reimbursement is contingent on the availability of non-obligated agency funds in the district after payment of senior indebtedness and the agency's allocable administrative costs.

\"Reimbursement is contingent upon ... that there are these agency non obligated funds from this project area that are remaining after payment of these senior obligations and the allocable share of the agency's administrative costs,\" Megan said.

Staff explained the River Commons district has two senior notes whose repayments are prioritized by revenue allocation proceeds; those senior obligations are being paid from 75% of certain site proceeds under existing agreements. Megan and Cassie (agency staff/auditor) said the outstanding notes include accrued interest and that it is unlikely the principal will be fully repaid before the district's termination date.

The agency noted the redevelopment plan's termination date for the district is Dec. 31, 2028; under current law, the agency may receive final-year revenues in the year following termination, but reimbursements are dependent on the specific contract terms and available funds.

The board approved Resolution 2025-05 by roll call. The resolution authorizes the chair or vice chair and the agency secretary to execute the agreement and authorizes the appropriation of funds pursuant to the agreement, subject to conditions outlined in the document.

Why it matters: the measure permits SRL Development LLC to seek reimbursement for eligible remediation work but makes clear the agency's obligation is subordinate to preexisting loans and administrative costs and that payments likely will occur over multiple years rather than as a lump sum.

What happens next: the developer will submit cost documentation and the agency will review and memorialize confirmed eligible costs via a confirmation of reimbursement form before payments are made.","mediaType","Video","parentTitle","Idaho Falls City - Redevelopment Agency - Apr 17, 2025","oneSentenceSummary","The Urban Renewal Agency of Idaho Falls approved Resolution 2025-05 authorizing a grant participation reimbursement agreement with SRL Development LLC for remediation in the River Commons project area, capped at $2,575,850.","taxTitle","Idaho Falls, Bonneville County, Idaho","taxId",4472,"location","headline","","shortSummary",{"_33":76,"_35":36,"_37":38,"_39":77,"_41":78,"_43":79,"_45":80,"_47":81,"_49":82,"_51":83,"_53":84,"_55":56,"_57":58,"_59":85,"_61":62,"_63":64,"_65":86,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6598362,"Redevelopment agency approves consultant agreement, task order for Willow Creek feasibility study",358,236000,594000,"/Search/View?dp=1&key=3042967-19de17778d8683a3086bd89e129cc81b&start=236&end=594","https://assets.pipeline.soar.com/3042967-19de17778d8683a3086bd89e129cc81b/thumbnail_236000.jpg","/articles/6598362/Idaho-Falls/Bonneville-County/Idaho/Redevelopment-agency-approves-consultant-agreement-task-order-for-Willow-Creek-feasibility-study","https://secure.pipeline.soar.com/6598362-b9e087a2f16e5a25fe2562ffd7dcf8cc/orig.mp4?Expires=1771199009&Signature=FNVCS0NJ~9HLNLS45ZYEXLxjO~sIFy5vHO0auKZmNl-XxmaeIO-0VKN5snBCwfOHNdokAOfyxFFDPbYRzWHRkgZCXQjNxJFrlZsrLaH~JxJz0i1KBFaC8~yPzSnUoBQ4gTndLWoypbYnrBIKdOb7R2I92xFgB-kmwht6AmMlNeeTXXRN2Oe4PTN1nMZlmFkVIyV7JYZpTmo1cpAbo-t~O4H5y9n3vypYD15O4yvm4p-fYINrV-z5DrZic9KZ8zp3YdAB9oTQ~U3zdggafD072MlllMgpSkxI3PjpP93XWViKkV-FuMGwQysPat7bwLmrdqwa8WTiSBSSkvStXJQKtA__&Key-Pair-Id=KUT5TJCACFTXG","The Urban Renewal Agency of Idaho Falls on Wednesday approved a professional services agreement and a task order with consultant Renee McGee to prepare an economic feasibility study for the proposed Willow Creek project area.

Agency Vice Chair Brent Thompson presided over the meeting in Chair Lee Radford's absence. Agency staff presented a model professional services agreement intended to standardize consultant contracts across projects. Megan, a staff member, told commissioners the task order covers the scope of work for the economic feasibility study and carries an estimated cost of $7,000.

\"She will track her time and she will submit an invoice,\" Megan said, describing the invoicing format in the professional services agreement. Megan said the Willow Creek planning effort is also the subject of a memorandum of understanding with the project developer, who is advanced-paying the cost of the planning effort.

The board approved the professional services agreement and the task order by voice vote. Following approval, the agreements were eligible to be signed the same day.

Why it matters: the feasibility study will provide the analysis the agency needs before the board considers a formal redevelopment plan and attachments for Willow Creek. Agency staff said the study is expected to return to the board this summer for further consideration.

What happens next: McGee will submit time-based invoices under the terms of the professional services agreement. Agency staff said ultimately the fee should be paid from project funds as the project moves through the agency's cost-true-up process.","The Idaho Falls Redevelopment Agency approved a professional services agreement and a task order with consultant Renee McGee to prepare an economic feasibility study for the Willow Creek project area; the task order carry an estimated cost of $7,000 and the developer has agreed to advance the planning fee.",{"_33":88,"_35":36,"_37":38,"_39":89,"_41":90,"_43":91,"_45":92,"_47":93,"_49":94,"_51":95,"_53":96,"_55":56,"_57":58,"_59":97,"_61":62,"_63":64,"_65":98,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6598347,"Agency seeks board guidance on naming conventions for urban renewal districts",613,1980000,2593000,"/Search/View?dp=1&key=3042967-19de17778d8683a3086bd89e129cc81b&start=1980&end=2593","https://assets.pipeline.soar.com/3042967-19de17778d8683a3086bd89e129cc81b/thumbnail_1980000.jpg","/articles/6598347/Idaho-Falls/Bonneville-County/Idaho/Agency-seeks-board-guidance-on-naming-conventions-for-urban-renewal-districts","https://secure.pipeline.soar.com/6598347-8f300828e2b866d66a8d229a715ff0e4/orig.mp4?Expires=1771199009&Signature=R8vQQYSZOZX4lyO7GF2sbXe~dYQ~OGTdK4LKc6oZoTbTWOaf4XnA1aD3rv1-~3~rO~FPy9QW8daFIJgO0u6NtfOkTCQAQGTbpL1li3HJD1PNSlYUGTM9gE9JzQRih5ThZSLDmePuN58RTz1Lb6rHSmk-S31g9HR1dSlFgplO-LrxMFaUZKaVyR01KuUGFxuesFGahxtSDR-V7MWNWT008dFcxt0zZqH7tAsxndm97NezGf5WYvcXM8zy3ZnIDE7QPOnCoyjjKMGQqykdhZLhot3ZLWnEuYvC20gmIsnUDJTa8IfKszlp3v-udLtsqQRLA3fzmuzsY6SmNBIMbsgXCA__&Key-Pair-Id=KUT5TJCACFTXG","Agency staff asked the board for guidance on naming conventions for future urban renewal districts during Wednesday's meeting, saying many proposed districts use similar names that make internal tracking difficult.

Staff presented options including naming by geographic features, intersections, project type (for example, \"Hotel District\"), landmarks, or assigning numbers. Megan said other jurisdictions use varied approaches and that staff would like direction to improve consistency.

Commissioners and staff discussed pros and cons: project-based names can become obsolete if developers or projects change, while geographic or intersection-based names are easier to recall. One commissioner suggested using a nearby street and landmark combination as an identifiable convention.

Staff said they would return with proposed names for forthcoming districts and asked commissioners to think about preferred approaches ahead of the next meeting.

Why it matters: consistent naming helps staff, elected officials, developers and members of the public track district histories, attachments and financial documents across multiple projects and years.

What happens next: staff will bring naming proposals for new districts to a future meeting and seek board direction.","Agency staff asked commissioners for guidance on how to name future urban renewal districts, citing repetitive use of 'river' in district names and discussing options including geographic landmarks, intersections, project-based names, or numbering.",{"_33":100,"_35":36,"_37":38,"_39":101,"_41":102,"_43":103,"_45":104,"_47":105,"_49":106,"_51":107,"_53":108,"_55":56,"_57":58,"_59":109,"_61":62,"_63":64,"_65":110,"_67":68,"_69":70,"_71":68,"_72":73,"_74":73},6598352,"Agency approves $356,562.76 reimbursement under owner participation agreement for East Bank site",357,1661000,2018000,"/Search/View?dp=1&key=3042967-19de17778d8683a3086bd89e129cc81b&start=1661&end=2018","https://assets.pipeline.soar.com/3042967-19de17778d8683a3086bd89e129cc81b/thumbnail_1661000.jpg","/articles/6598352/Idaho-Falls/Bonneville-County/Idaho/Agency-approves-35656276-reimbursement-under-owner-participation-agreement-for-East-Bank-site","https://secure.pipeline.soar.com/6598352-a15e539c17e4e6e6b1528c8194420e01/orig.mp4?Expires=1771199009&Signature=RVXAyrqHrKuLx0nzEBokkTSR0v4tO7Ht2mighzorR8FAAWeZ9clp9aZSeZUrZpBR6d05q33n-5TtfZ3r~S3D3h0fpgvvZqUJGCkEXoKGyqGvuM8VxZ-0Hgywu2qNSGfd2g0EWoxSVK5tkYS0YwuED7m~P~t2onEoe7soshXA0cal37EbdQtPgINz3j~jH7W2Eao8uXgeu-25xO7XYcVVyZ0dbH8vrAlbF1j5gzqoXJQ0OCn2Ehd9AHpY-j~yLbBPbjNUGVAhuVqMdioaRBn8dnav7uB9TaMgRIyl3w9whxDXcsSlWeLrjmTL65LgoF-3V~-Lm62~v1G4zP-Wcdi7Cg__&Key-Pair-Id=KUT5TJCACFTXG","The Urban Renewal Agency of Idaho Falls voted to approve a confirmation of reimbursement for eligible costs under an amended owner participation agreement related to the East Bank project area.

Agency staff presented the cost documentation and said the developer initially requested $363,539.10 in reimbursement. Following agency review and requests for additional information, staff excluded several items—including soil-review costs attributed to Atlas and certain engineering charges from Harper Lehi—and confirmed $356,562.76 as the reimbursable amount.

Megan told the board the scope of the owner participation agreement had been amended earlier when demolition and remediation bids came in higher than anticipated; the amended total eligible amount in the OPA is $445,133, and the confirmed reimbursement falls under that cap.

The board approved the confirmation by roll call vote.

Why it matters: the confirmation memorializes the agency's review of actual eligible costs and establishes the agency's reimbursement obligation for the site remediation work under the OPA. Staff said the confirmation form is used to capture final eligible costs contemporaneously rather than trying to reconstruct details years later.

What happens next: once the confirmation is executed, the developer may receive reimbursement in accordance with the terms of the owner participation agreement and the agency's payment priorities.","Following review of submitted costs, the Idaho Falls Redevelopment Agency approved a confirmation of reimbursement of $356,562.76 for eligible remediation costs in the East Bank district; agency staff excluded specific cost items and noted the confirmed amount is below the amended owner participation agreement cap of $445,133.","actionData","errors"]

Article not found

Agency authorizes up to $2.58 million reimbursement for River Commons site remediation, subordinate to existing loans

Redevelopment agency approves consultant agreement, task order for Willow Creek feasibility study

Agency seeks board guidance on naming conventions for urban renewal districts

Agency approves $356,562.76 reimbursement under owner participation agreement for East Bank site