Agency confirms Eagle Ridge reimbursement number 1, conditions approval on no duplicate city impact‑fee payments

The Idaho Falls Redevelopment Agency on Nov. 20 approved confirmation of reimbursement No. 1 for public improvements under the owner participation agreement (OPA) with Eagle Ridge Project LLC, conditioned on staff verifying that the same work has not already been reimbursed to the developer through city impact fees.

Megan Conrad said the work on the project’s public infrastructure had been completed, reviewed and accepted by the city, and that the developer had submitted a complete package of cost documentation and lien waivers supporting the reimbursement request. The transcript records the reimbursement amount in discussion as "1.419"; the record does not spell out units explicitly in every line of the transcript, though the context indicates a monetary reimbursement amount.

A commissioner raised concern about potential “double‑dipping” if arterial road work had been reimbursed to the developer through city impact fees as well as by the agency. "The double dip is not something that is permitted," Conrad said, and staff agreed to review the development agreement and city approvals to ensure no duplicate reimbursement.

The board moved, seconded and approved the confirmation on the condition that staff verify there is no overlapping reimbursement under the city development agreement; the chair was authorized to sign the confirmation once that verification is complete.