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Post Falls Urban Renewal Agency approves reimbursements, Nona Building agreement, accepts audit and annual report
Summary
On Feb. 19, 2026 the Post Falls Urban Renewal Agency approved semiannual tax-increment reimbursements totaling $591,851.37, approved a owner participation agreement for the Nona Building, accepted a clean audit for fiscal 2025 and approved its 2025 annual report for submission to the city and state.
The Post Falls Urban Renewal Agency on Feb. 19, 2026 approved a set of financial and project actions, including semiannual reimbursements totaling $591,851.37, an owner participation agreement for the Nona Building, acceptance of the agency's fiscal year 2025 audit and approval of the 2025 annual report for submission to the City Council and state.
The commission voted to reimburse ANA Construction and Development $507,208.29 for approved downtown district costs from 2024 and to reimburse Post Falls Area No. 3682 (Fraternal Order of Eagles) $84,643.08 under the downtown minor projects program, for a combined February distribution of $591,851.37. Staff stated the ANA reimbursement will leave a remaining district obligation of $3,700,403.30; the minor-project reimbursement had a remaining obligation of $0. The commission moved and approved the semiannual proponent reimbursements by roll call (all ayes recorded).
Also during unfinished business commissioners approved an owner participation agreement (OPA) with Camkills Holdings LLC (appearing in the record also as Kamco/Kamco Holdings LLC) for the property at 102 East 4th Avenue, known as the Nona Building. Staff said the change from an individual owner to the LLC was administrative and not substantive; the motion to approve the OPA carried with Commissioner Kohl's recorded as abstaining.
The body also accepted the fiscal year 2025 audit presented by Alpine Summit CPAs and its principal auditor, and approved the agency's 2025 annual report. Staff said the annual report will be presented to the City Council at its second March meeting (March 17) and then submitted to the Legislative Audits Division of the state controller's office as required by Idaho law.
Votes at a glance: the consent calendar was approved at the start of the meeting; a reimbursement of $84,643.08 to Post Falls Area No. 3682 was approved; the Camkills/Kamco OPA for the Nona Building was approved with one abstention; the fiscal year 2025 audit was accepted by roll call; semiannual proponent reimbursements totaling $591,851.37 were approved; and the 2025 annual report was approved for submission. Specific roll-call tallies and individual aye/abstain records appear in the meeting roll calls.
The commission concluded with routine staff reports (including that year-end tax reporting to the IRS and Idaho State Tax Commission had been completed) and a note that an agency ethics-code draft prepared by Commissioner Crosby will be circulated for review. The meeting adjourned following a motion and second.
