By Scott Shiner
Kuna Melba News staff writer
Mayor Greg Nelson announced a special City Council meeting to be held Wednesday night to approve and sign the LID lawsuit settlement. This will finalize the negotiated agreement between the city, banks and properties that financed the North Wastewater Treatment Plant.
“At $30 million this is the biggest legal and financial issue this city has had to deal with,” said Mayor Nelson.
This agreement has been negotiated over the last year and will finally settle the LID lawsuit, define the transfer of EDUs to Key Bank and direct how future sales of those EDUs will be handled by the city. “I think the important part for the city is that with this settlement, land available for development will no longer have an $11,000 dollar per acre sewer assessment attached to it,” stated Nelson
Properties will be available once again for development and can be sold at current land value without having to worry about paying for the former LID. This will allow new building permits to be issued and pending construction projects to be able to proceed.
“This will open a lot of doors in new homes and attract new businesses to our area,” said Nelson.
The new businesses looking to relocate to the area will be bringing new job opportunities to Kuna residents and provide additional tax funds for urban development within the city.
Within the city current sewer rates will remain unchanged, so citizens will not be called upon to pay any increased sewer rates, and the treatment plant will be owned by the city.
One of the main reasons Greg Nelson was reelected to the office of mayor was to successfully resolve the issue of the LID lawsuit.