Urban Renewal Agency Agenda March 16 2026
Agency Continues Debt Service to Clif Bar & Company
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Description
The Agency holds an ongoing promissory arrangement with Clif Bar & Company, with $10.2 million outstanding as of September 2025. Repayment is limited to surplus revenues after bond obligations and ends with TIF expiration.
Contract Details
Contract Amount
$10,234,049 (principal outstanding as of 9/30/2025)
Vendor
CLIF BAR & COMPANY
Agency
City of Twin Falls, ID
Contract Type
OTHER
Document Date
March 16, 2026
Contract Term
Through earliest of bond redemption, full debt service, or one month before TIF expiration (latest expected 2037)
Renewal Date
2037-12-31
Renewal Info
Agreement remains in effect until described triggers. Unpaid balance is cancelled at TIF/area closure.
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