STATEMENT OF BOISE CITY ATTORNEY AS TO ADEQUACY OF SUMMARY OF ORDINANCE NO. ORD-37-25 I, Jayme Sullivan, City Attorney for the city of Boise City, Idaho, hereby declare and certify that in my capacity as City Attorney of the city of Boise City, pursuant to Idaho Code Section 50-901A(3) of the Idaho Code, as amended, I have reviewed a copy of the above Summary of Ordinance, have found the same to be true and complete, and said Summary of Ordinance provides adequate notice to the public of the contents, including the exhibits, of Ordinance No. ORD-37-25. DATED this 2nd day of December 2025. Jayme Sullivan City Attorney SUMMARY OF ORDINANCE NO. ORD-37-25 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BOISE CITY, IDAHO, TERMINATING THE REVENUE ALLOCATION AREA FOR THE RIVER MYRTLE – OLD BOISE URBAN RENEWAL PLAN, AS AMENDED; REQUIRING DISTRIBUTION OF ANY SURPLUS DETERMINED TO EXIST PURSUANT TO SECTION 50-2909, IDAHO CODE; AUTHORIZING THE CITY CLERK OR THE URBAN RENEWAL AGENCY OF BOISE CITY, IDAHO, ALSO KNOWN AS CAPITAL CITY DEVELOPMENT CORPORATION, TO FILE THE ORDINANCE, TOGETHER WITH THE BOUNDARY MAP, WITH THE OFFICE OF THE COUNTY RECORDER, THE COUNTY ASSESSOR, AND THE IDAHO STATE TAX COMMISSION AS PROVIDED IN SECTION 63-215, IDAHO CODE; PROVIDING THAT A COPY OF THIS ORDINANCE SHALL BE GIVEN TO EACH OF THE TAXING ENTITIES AFFECTED BY SAID REVENUE ALLOCATION AREA; APPROVING THE SUMMARY OF THE ORDINANCE; AND PROVIDING AN EFFECTIVE DATE. NOW, THEREFORE, BE IT ORDAINED BY THE MAYOR AND COUNCIL OF THE CITY OF BOISE CITY, IDAHO: Section 1: That the above statements are true and correct. Section 2: That the RMOB Project Area contained in the RMOB Plan, as more particularly shown in Attachment 3, is hereby terminated, consistent with the termination provisions set forth in the Act. Section 3: That the Agency does not intend to take revenue allocation funds from the RMOB Project Area in tax year 2026, generated from the 2025 assessed values, and the allocation of revenues under section 50-2908, Idaho Code, shall cease effective January 1, 2026. To clarify, the RMOB Project Area will not receive an allocation of revenue allocation proceeds from the December 20, 2025, tax receipts. Section 4: That any surplus funds deemed by the Agency to exist will be remitted to the County Treasurer for distribution to the taxing districts following the end of the Agency's 2025 fiscal year on September 30, 2025, 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 RMOB Project Area. See I.C. 50-2909(4). Further, any other remaining funds in subsequent fiscal years received by the Agency from delinquent taxes after September 30, 2025, shall be disbursed in the same manner each fiscal year. Any surplus funds remaining in the RMOB Project Area's account as of September 30, 2026, will be remitted to the Ada County Treasurer as a final termination distribution of surplus funds and shall 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 revenue allocation area. Section 5: That a copy of this Ordinance shall be sent to and/or filed with the Ada County Assessor's Office, the County Auditor/Recorder, and the Idaho State Tax Commission, together with a boundary map, to provide notice of termination of the RMOB Project Area in the RMOB Plan by either the City Clerk or Agency representatives. Section 6: That this Ordinance shall be in full force and effect immediately upon its adoption, approval, and publication. Section 7: The Summary of this Ordinance, a copy of which is attached hereto as Attachment 4, is hereby approved. Section 8: All ordinances, resolutions, orders, or parts thereof in conflict herewith are hereby repealed, rescinded, and annulled. Section 9: SAVINGS CLAUSE: This Ordinance does not affect an action or proceeding commenced or right accrued before this Ordinance takes effect. EXHIBITS TO THE ORDINANCE Attachment 1 Agency Resolution No. 1918, dated March 10, 2025, including as attachments the Termination Plan setting forth an estimate of remaining project costs and other administrative fees and costs, and the Real Property to be Retained by the Agency Attachment 2 Agency Resolution No. 1935, dated August 11, 2025, including as attachments the Updated FY2025 Termination Budget, the Updated Termination Plan, and the Real Property to be Retained by the Agency Attachment 3 Boundary Map of the Terminating Revenue Allocation Area Attachment 4 Ordinance Summary ADOPTED by the Council of Boise City, Idaho, on December 2nd, 2025. APPROVED by the Mayor of Boise City, Idaho, on December 2nd, 2025. The full text of Ordinance No. ORD-37-25 is available at the offices of the City Clerk, Boise City Hall, 150 N. Capital Boulevard, Boise, Idaho, 83702. This summary is approved by the Boise City Council at its meeting of December 2nd, 2025. DATED this 2nd day of December, 2025. City of Boise City, Idaho ATTEST: Lauren McLean Jamie Heinzerling MAYOR CITY CLERK IPL0296024 Dec 7 2025