What is the Nampa Urban Renewal Agency?
The Nampa Urban Renewal Agency was created in 1994 and will expire in 2004, unless it is extended by the City Council. The agency’s projected $5,363,728 revenue for fiscal year 2002 would be added to the $183,476 in interest the agency has made this year from investments and reserved funds and the $6,014,508 carryover from the current year, for a total operating budget of $11,561,712. Of that total, $5 million is to be paid out in 2002 as Nampa’s share of the 11th Avenue underpass upgrade. An additional $4.1 million is earmarked for the agency’s existing debt service. NURA’s objectives: The urban renewal plan is a proposal for public facilities to provide an improved environment for new commercial developments; to eliminate unsafe conditions; to assist property owners, particularly residential, to rehabilitate and improve their properties in accordance with a program of voluntary or compulsory repair and rehabilitation of buildings in the Project Area; to otherwise prevent and reverse
