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Boise City Council ends River/Myrtle/Old Boise urban renewal revenue allocation area
Summary
The council approved ORD-37-25 to terminate a 30-year urban renewal revenue allocation area for the River/Myrtle/Old Boise plan and direct filing of the ordinance and boundary map with county and state tax authorities.
Boise — The Boise City Council voted to adopt ORD-37-25, an ordinance terminating the revenue allocation area for the River/Myrtle/Old Boise urban renewal plan and directing that any surplus be distributed and that copies of the ordinance and boundary map be filed with the county recorder, county assessor and the Idaho State Tax Commission.
Council members noted the urban renewal district played a significant role in downtown redevelopment and credited the Capital City Development Corporation (CCDC) partnership for many of the improvements in recent years. A council member described the termination as "a pretty big deal" and praised city staff and CCDC for infrastructure investments that supported development.
The ordinance was read in full at third reading as required and approved by roll call. The mayor instructed the clerk and the urban renewal agency to complete the statutory filings to affected taxing entities.
What comes next Per the ordinance, the City Clerk or the urban renewal agency will file the ordinance and boundary map with the county recorder, county assessor and the Idaho State Tax Commission. Any surplus identified under the statute will be distributed to affected taxing entities in accordance with the cited Idaho code provision.
