NOTICE OF NEGOTIATED BOND SALE,
AND NOTICE OF BOND RESOLUTIONS
Pursuant to the Idaho Urban Renewal Law of 1965, Chapter 20, Title 50, Idaho Code, as amended (specifically Idaho Code Section 50-2012), public notice is hereby given by the Urban Renewal Agency of Boise City, Idaho a/k/a Capital City Development Corporation (the "Agency"), of negotiation for and sale to BofA Securities, Inc. (the "Underwriter"), in the maximum principal amount of $30,000,000 of Urban Renewal Agency of Boise City, Idaho, Parking System Revenue Bonds, Series 2026 (the "Series 2026 Bonds"), to (i) finance construction of the 1010 W. Jefferson Parking Facility consisting of a new approximately 446-stall public parking garage located at 1010 W. Jefferson Street, Boise, Idaho and located within the Westside Urban Renewal Area; and (ii) pay costs of issuance for the Series 2026 Bonds. The proposed repayment term of the Series 2026 Bonds is twenty (20) years, with the Series 2026 Bonds secured by and payable from Parking Facility Net Revenues. The Agency intends to adopt Resolution No. 1967 regarding General Bond Resolution Authorizing the Issuance of Parking System Revenue Bonds (the "General Bond Resolution") and Resolution No. 1968 regarding the First Supplemental Bond Resolution Authorizing the Issuance of Parking System Revenue Bonds, Series 2026 (the "First Supplemental Bond Resolution"), which First Supplemental Bond Resolution supplements the General Bond Resolution and authorizes the issuance of the Series 2026 Bonds (collectively, the General Bond Resolution and the First Supplemental Bond Resolution may be referred to as the "Bond Resolutions") during its regular meeting on Monday, May 11, 2026, as further detailed below. Any capitalized terms used herein shall have the meanings given such terms in the Bond Resolutions.
Additional information concerning the terms and provisions of the Bond Resolutions, the security for payment of the Series 2026 Bonds, other pertinent information relating to the Bond Resolutions and the Series 2026 Bonds, including, but not limited to, the forms of Preliminary Official Statement, Bond Purchase Agreement and Continuing Disclosure Agreement, is available for public inspection at the offices of the Agency at 121 N. 9th Street, Suite 501, Boise, Idaho, 83702 (telephone 208-384-4264), Monday through Friday, 9:00 a.m. to 5:00 p.m., Attention Executive Director. The Agency intends to proceed to close as soon as practical, subject to meeting all necessary conditions set forth in the proposed Bonds Resolutions.
Public notice is also hereby given that the Agency, during its regular meeting on Monday, May 11, 2026, at 12:00 p.m. MT will consider the Bond Resolutions. The meeting will take place at 121 N. 9th Street, Suite 501, Boise, Idaho, 83702, at which time the Agency Board will consider approving the Bond Resolutions and other documents relating to the Bond Resolutions, and will delegate the authority and authorize the Executive Director, Agency Chair and Vice-Chair to finalize and execute the Preliminary Official Statement, the Bond Purchase Agreement, the Continuing Disclosure Agreement, the Final Official Statement and other incidental documents.
The Bond Resolutions will delegate to the Chairman, Vice Chairman, and Executive Director of the Agency, each with the authority to act alone (hereinafter each referred to as the "Pricing Officer"), the power to make the following determinations on or before the date of the sale of the Bonds to the Underwriter, without any requirement that the members of the Board meet to approve such determinations, but subject to the limitations provided:
(1) The rate or rates of interest on the Series 2026 Bonds (provided that the true interest cost on the Series 2026 Bonds shall not exceed 5.500%).
(2) The conditions on which and the prices at which the Series 2026 Bond may be redeemed prior to maturity.
(3) The existence and amount of any capitalized interest or reserve funds for the Series 2026 Bonds (including whether such funds are to be funded with proceeds of the Series 2026 Bonds or other available funds of the Agency).
(4) The price at which the Series 2026 Bonds shall be sold (which shall be not less than the stated par amount of the Series 2026 Bonds, less any applicable underwriting discount).
(5) The principal amount and denomination of the Series 2026 Bonds (provided that the aggregate stated principal amount of the Series 2026 Bonds shall not exceed $30,000,000).
(6) The amount of principal maturing in each year.
(7) The dates upon which principal and interest shall be paid (provided that the last maturity of the Series 2026 Bonds shall be no later than December 31, 2046.
(8) The terms of any contract to provide credit enhancement for the Series 2026 Bonds (provided that the Agency's municipal advisor has recommended the use and cost of such credit enhancement in light of the interest rates available with such credit enhancement as compared to interest rates which would be available without such credit enhancement).
Public notice is also hereby given that on May 11, 2026, at 12:00 p.m., the Board of Commissioners during its meeting will review the Preliminary Official Statement relating to the offering of the Series 2026 Bonds for sale to potential investors. The Agency Board will consider authorizing the use and distribution of the form of the Preliminary Official Statement in connection with the sale and issuance of the Series 2026 Bonds, which Preliminary Official Statement is subject to such further revisions deemed necessary by the Pricing Officer and its professional advisors. The Agency Board will consider delegating and authorizing the Pricing Officer to make such further revisions to the Preliminary Official Statement as deemed necessary, and to complete, execute and use the final Official Statement. The Pricing Officer will provide final approval as to the form, terms and provisions of the Preliminary Official Statement prior to publication, and any related amendments thereto, as deemed necessary by the Pricing Officer.
Any interested person is encouraged to attend the meeting convened in the office of the Agency. Agency offices will be open to the public. Live stream available at https://ccdcboise.com/board-of-commissioners/.
Interested persons may also submit written comments on the Bond Resolutions and other documents to Executive Director, Capital City Development Corporation, 121 N. 9th Street, Suite 501, Boise, Idaho, 83702. Written comments should be received no later than the close of business on May 8, 2026. All comments timely received will be provided to the Agency Board of Commissioners.
Individuals who will require special assistance to accommodate physical, vision, hearing, or other impairments, please contact the Agency at 208-384-4264 three (3) days prior to the meeting so that arrangements may be made.
By order of the Executive Director of the Urban Renewal Agency of Boise City, Idaho.
DATED this 29th day of April 2026, and to be published in the Idaho Statesman on May 1, 2026.
URBAN RENEWAL AGENCY OF BOISE CITY, IDAHO
By /s/ John Brunelle
Executive Director
IPL0336385
May 1 2026