LEGAL NOTICE NOTICE OF PUBLIC HEARING Proposed Budget Amendment for Fiscal Year 2025 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 amendment for the fiscal year from October 01, 2024 to September 30, 2025. The hearing will be held at Meridian City Hall, 33 East Broadway, Meridian, ID 83642 at 7:30AM on September 10, 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 amendment should or should not be adopted. Copies of the proposed MDC amended 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 by email to Ashley Squyres, MDC Administrator, prior to the meeting at: meridiandevelopmentcorp@gmail.com. This public hearing on the proposed budget amendment is required for formal adoption of the FY2025 budget amendment. 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, (208) 884-4433 at least 48 hours prior to the public hearing. The proposed FY2025 budget with the amendment is shown below including estimated expenditures and revenues. FY 2024 FY 2025 FY 2025 Proposed FY 2025 Actual Budget-Original Actual to Date Budget Amendment Revenue - Taxes $ 4,552,515 $5,330,478 $5,035,537 $ 5, 402,116 Revenue - Other $ 131,058 $ 120,000 $ 60,501 $ 120,000 Expenditures $ 316,719 $ 360,439 $ 218,674 $ 360,439 Capital Outlay $ 2,943,296 $13,500,901 $ 1,775,663 $ 13,572,539 Net Effect Fund Balance $ 1,423,558 $ 176,000 $ 3,101,701 $ 176,000 Further information may be found at www.meridiandevelopmentcorp.com Ashley Squyres Administrator for the Meridian Development Corporation Pub. ________ ____ and _________ ____, 2025 IPL0267822 Aug 29,Sep 5 2025