Urban Renewal Agency Agenda March 16 2026
Ongoing Reimbursement Commitment to Chobani Idaho LLC
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Description
The Urban Renewal Agency maintains an ongoing reimbursement agreement with Chobani Idaho, LLC, with $14.2 million outstanding as of September 30, 2025, for approved project improvements. Payments are contingent on available tax increment revenues and end with district closure.
Contract Details
Contract Amount
$14,234,032 (principal outstanding as of 9/30/2025)
Vendor
CHOBANI IDAHO LLC
Agency
City of Twin Falls, ID
Contract Type
OTHER
Document Date
March 16, 2026
Contract Term
Through earlier of RAA 4-3 termination or payment in full (latest likely 2037)
Renewal Date
2037-12-31
Renewal Info
Remains active until RAA 4-3 closes or amount fully reimbursed; any unpaid balance at closure is cancelled.
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