Urban Renewal Agency of the City of Twin Falls 2025 Annual Report
Clif Bar Development Reimbursement Contract Continues
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Description
Clif Bar & Company's development reimbursement agreement remains in effect with a principal balance of $10,234,049 and significant accrued interest as of September 30, 2024. The contract will expire when the revenue allocation area closes, with any unpaid balance written off.
Contract Details
Contract Amount
$10,234,049 + accrued interest of $6,140,230 (as of September 30, 2024)
Vendor
CLIF BAR & COMPANY
Agency
Twin Falls Airport Board, ID
Contract Type
CONSTRUCTION
Document Date
March 16, 2026
Contract Term
October 17, 2013 – End of Revenue Allocation Area (date not specified)
Renewal Info
No renewal; contract expires at end of revenue allocation area, with all balances forgiven.
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