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HomeMy Public PortalAbout2021.05.28 Letter of Intent to Terminate A DocuSign Envelope ID:708331 F4-258F-4020-6662-7F202CECF404 MCCALL REDEVELOPMENT AGENCY May 28, 2021 City of McCall Valley County Attn: Anette Spickard, City Manager Attn: Board of County Commissioners Attn: City Clerk Attn: June Fullmer, County Assessor City Hall Attn: Doug Miller, County Clerk, Auditor and 216 E. Park Street Recorder McCall, ID 83638 dmiller(a)co.val ley.id.us aspickard(@mccall.id.us assessor(a)co.vaI ley.id.us bwagner(a)-mccalli.id.us McCall Cemetery District Valley County Emergency Medical Service Attn: Thomas Kerr, Chair District PO Box 853 Attn: Elting Hasbrouck, Chair McCall, ID 83638 219 N. Main St. Cascade, ID 83611 dmiller co.valley.id.us McCall Fire Protection District Valley County Road & Bridge Attn: Sadie Noah, Chair Attn: Jeff McFadden, Superintendent 201 Deinhard Lane PO Box 672 McCall, ID 83638 520 S. Front Street sadie(aD-mccallfire.com Cascade, ID 83611 chief mccallfire.com imcfadden(a)co.valley.id.us McCall Memorial Hospital District Payette Lakes Recreational Water& Sewer Attn: Travis Leonard, Secretary and Treasurer Attn: Ellen Holm, Chair PO Box 1283 201 Jacob St. McCall, ID 83638 McCall, ID 83638 mccall memorial hospitaIdistrict(a)gmail.com trichardson(a)plrwsd.org McCall-Donnelly School District#421 Idaho State Tax Commission Attn: Laurie Erekson, Chair Attn: Alan Dornfest 120 Idaho Street Attn: Archie Keeton, III McCall, ID 83638 Attn: Jeff Servatius lerekson(d-)mdsd.org PO Box 36 Boise, ID 83722 alan.dornfest(a).tax.idaho.gov w DocuSign Envelope ID:708331 F4-258F-4020-B662-7F202CECF404 1 archiekeetoniii[a@tax.idaho.gov jeff.servatius@tax.idaho.gov Re: Intent to Terminate the 1990 Urban Renewal Plan for the Railroad Avenue Area, as amended Greetings, All: This letter serves as advance notice to you of the intent of the Urban Renewal Agency of the City of McCall, Idaho, also known as McCall Redevelopment Agency (the "Agency"), to terminate the revenue allocation area adopted at the time of the 1990 Urban Renewal Plan for the Railroad Avenue Area, as subsequently amended by the 2006 Updated Urban Renewal Plan (the "Railroad Avenue Plan"). The Railroad Avenue Plan has the distinct honor of being McCall's first revenue allocation area ("RAA"). For the past 30 years, the Agency has reinvested revenue from the RAA in public improvements within the boundaries of the RAA. The termination date for the Railroad Avenue Plan and the RAA is December 2020, recognizing the Agency shall receive its allocation of revenues assessed in calendar year 2020 during calendar year 2021 , as permitted by Idaho Code § 50-2905(7). The Agency has reviewed the projected revenues and expenses of the Railroad Avenue Plan and has determined the RAA can be terminated by December 31 , 2021, effective retroactive to January 1 , 2021, as it relates to assessed values within the RAA. As a result, the Agency shall not receive revenue allocation funds in calendar year 2022, generated from the 2021 assessed values, and the allocation of revenues under section 50-2908, Idaho Code, shall cease effective January 1, 2022. The Agency does not intend to receive revenue allocation funds from any delinquency tax payments. At its June 15, 2021, public meeting, the Agency Board of Commissioners will consider the adoption of a resolution of intent to terminate the Railroad Avenue Plan and RAA, including a formal recommendation to the McCall City Council to adopt an ordinance terminating the RAA by December 31, 2021. Thereafter, the McCall City Council is expected to hold a public meeting and adopt a termination ordinance, which is the final step in formally terminating the Railroad Avenue Plan and RAA. With the passage of House Bill 389, portions of which are effective retroactive to January 1, 2021, it is generally understood the increment value of the terminating RAA shall be included in the net taxable value of the taxing district when calculating the subsequent property tax levies pursuant to section 63-803, Idaho Code. The increment DocuSign Envelope ID:708331 F4-258F-4020-B662-7F202CECF404 r value shall also be included in subsequent notification of taxable value for each taxing district pursuant to section 63-1312, Idaho Code, and subsequent certification of actual and adjusted market values for each school district pursuant to section 63-315, Idaho Code. You will need to contact the Valley County Assessor's Office and/or the State Tax Commission for increment value information, including the portion of the increment value, to be included on the new construction roll for new construction located within the RAA since December 31, 2006. Please plan to follow up with Valley County Assessor's Office and/or the State Tax Commission to further determine any specific impacts as a result of House Bill 389. Since late 2018/early 2019, the Agency has been working to complete design and engineering for projects to be constructed related to the Lake Front Improvement Project. The scope of these efforts are focused on the area along the shoreline north of Mile High Marina to Brown Park, and include shoreline stabilization to remediate wave erosion caused by boat traffic, waterfront improvements increasing non-motorized access to Payette Lake, improvements to Brown Park, improvements to the pathways and access into Brown Park, and ultimately improvements to E. Lake Street, if sufficient funds exist to complete the full project. Due to the short construction season and the limited access to Payette Lake for shoreline improvements, there are remaining improvements to be completed under the Railroad Avenue Plan, which are anticipated to be completed by the Agency's current fiscal year ending September 30, 2021. The Agency has or will have sufficient funds on deposit for payment of all final project costs and administrative fees. At this point, no surplus is anticipated to be distributed prior to the end of the Agency's 2021 fiscal year on September 30, 2021. Any available funds will be remitted to the County Treasurer to be distributed to the taxing districts in the same manner and proportion as the most recent distribution to the taxing districts of the taxes on the taxable property located within the RAA. The Agency anticipates distributing the formal termination budget, together with a narrative termination plan, well prior to the statutory deadline of September 1, 2021. City Council approval is also expected before the statutory deadline of December 31, 2021. The list of those who contributed to the Railroad Avenue Plan's remarkable transformation over the past three decades is long and varied. Private developers supported the vision by investing capital. Public entities guided the evolution to ensure conformity with the Railroad Avenue Plan, as amended, and Idaho law, resulting in desirable improvements enjoyed by all, most notably the improvements to Legacy Park. Agency commissioners and staff are proud of the essential, central role the Agency has DocuSign Envelope ID:708331 F4-258F-4020-B662-7F202CECF404 played over the years by intelligently and transparently applying the redevelopment tools granted by the Idaho Legislature. For additional information contact Michelle Groenevelt at 208-634-5229 or mgroenevelt@mccall.id.us Sincerely, Pt Rick Fereday Michelle Groenevelt Chair, Board of Commissioners MRA Staff Director cc: Agency Board of Commissioners Meghan S. Conrad, Elam & Burke 4847-0902-6518. v 1