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Pocatello council adopts South 5th Avenue urban renewal plan and intergovernmental agreement with Bannock County
Summary
After a public hearing and a staff presentation, the Pocatello City Council approved the South 5th Avenue urban renewal plan, an intergovernmental agreement with Bannock County, and related ordinance readings establishing a 20-year revenue-allocation district projected to generate about $52.4 million for public infrastructure.
Mayor opened a public hearing on the South 5th Avenue urban renewal plan and invited presentation by Megan Conrad, an attorney with Elam & Burke. Conrad said the proposed multi-jurisdictional revenue-allocation area is roughly bounded by Union Pacific tracks, Barton Road and the Pocatello foothills, bisected by I‑15 and South 5th Avenue. She described the statutory framework under Idaho Code chapters 20 and 29 and explained key plan elements, including a 10% valuation limitation test, an economic feasibility study, and a 20‑year termination date (plan year 2025 with termination in 2045 and final receipts in 2046).
Conrad told the council the plan’s undiscounted projected revenue available for projects over the life of the district is $52,400,000 and…
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