MDC Duties and Procedures

This document is intended to summarize the statutes, bylaws and policies that govern the Meridian
Development Corporation (“MDC”). The document is provided as a blueprint for the Board of Commissioners (“Board”)
to understand and execute their duties. The Board is vested with all powers as provided by the Idaho Urban Renewal Law
of 1965 (Chapter 20, Title 50, Idaho Code), as enacted and as it may be amended in the future.

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