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Garden City adopts South of Chinden urban renewal plan, freezes base value retroactive to Jan. 1, 2025
Summary
The Garden City Council adopted CPA FY2025 and ordinance 10-62-25 to create the South of Chinden revenue allocation area, a roughly 293-acre urban renewal district intended to fund water, sewer, stormwater, pedestrian and park projects using tax increment financing over a 20-year term retroactive to Jan. 1, 2025.
The Garden City Council on a motion Tuesday adopted CPA FY2025 and ordinance 10-62-25, approving an urban renewal plan that creates a revenue allocation area for a roughly 293-acre district generally south and west of Chinden Avenue and east to Interstate 84.
Megan Conrad, attorney presenting the plan on behalf of the agency, told the council, “I’m here today to present the urban renewal plan for the South Of Chinden urban renewal project on behalf of the agency.” She explained that, under Idaho law, a plan freezes the base taxable value in the district and directs tax increment generated by new value to the…
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