LEGAL NOTICE NOTICE OF PUBLIC HEARING Proposed Budget for Fiscal Year 2026 Meridian Development Corporation Meridian, Idaho A public hearing pursuant to Idaho Code 50-1002 will be held for consideration of the Meridian Development Corporation (MDC) proposed budget for the fiscal year from October 01, 2025 to September 30, 2026. The hearing will be held at Meridian City Hall, 33 East Broadway Avenue, Meridian, Idaho at 4:00 p.m. on Wednesday, August 27, 2025. The MDC budget funds the programs, services and capital projects that the MDC Board has determined to be important to meet MDC’s strategic goals. All interested persons are invited to appear and show cause, if any, why such budget should or should not be adopted. Copies of the proposed MDC budget in detail are available at the City Hall during regular office hours (8:00 a.m. to 5:00 p.m. weekdays). Written comments may be submitted prior to the meeting to: Meridian Development Corporation, Attn: Ashley Squyres, Administrator, 104 E. Fairview Ave #239, Meridian, ID 83642. This public hearing on the proposed budget is required for formal adoption of the FY2026 budget. City Hall is accessible to persons with disabilities. Anyone desiring accommodation for disabilities related to the budget documents or to the hearing, please contact the City Clerk’s Office, 888-4433 at least 48 hours prior to the public hearing. The proposed FY2022 budget is shown below including estimated expenditures and revenues. FY 2024 FY 2025 FY 2025 Proposed FY Actual Budget-Original Actual to Date 2026 Budget Revenue - Taxes $4,552,515 $ 5,330,478 $5,035,537 $ 5,386,398 Revenue - Other $ 131,058 $ 120,000 $ 60,501 $ 75,000 Expenditures $ 316,719 $ 360,439 $ 218,674 $ 368,110 Capital Outlay $2,943,296 $13,420,901 $1,775,663 $15,871,844 Net Effect Fund Balance $1,423,558 $ 256,000 $3,101,701 $ 0 The proposed expenditures and revenues for FY2026 have been tentatively approved by the Meridian Development Corporation by action taken at its Board meeting of August 13, 2025. Further information may be found at www.meridiandevelopmentcorp.com Ashley Squyres Administrator for the Meridian Development Corporation