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