General Information

Government Type

Municipality

Entity

Eagle Mountain

Public Body

City Council

Notice Information

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Notice Title

Notice of Interlocal Agreements

Notice Tags

Economic Development

Notice Type(s)

Notice

Event Start Date & Time

June 16, 2018 01:00 AM

Description/Agenda

NOTICE OF INTERLOCAL AGREEMENTS BETWEEN THE EAGLE MOUNTAIN REDVELOPMENT AGENCY AND THE FOLLOWING TAXING ENTITIES: (1) EAGLE MOUNTAIN CITY, (2) UTAH COUNTY (3) ALPINE SCHOOL DISTRICT, (4) UNIFIED FIRE SERVICE AREA, AND (5) CENTRAL UTAH WATER CONSERVANCY DISTRICT Pursuant to Section 11-13-219, Utah Code Annotated 1953, as amended, the Eagle Mountain Redevelopment Agency (the 'Agency'), Eagle Mountain City (the 'City'), Utah County (the 'County'), Alpine School District (the 'School District'), the Unified Fire Service Area (the 'Fire District') and Central Utah Water Conservancy District (the 'Water District') are providing this notice with respect to the respective Interlocal Agreements (the 'Interlocal Agreements') entered into, separately and individually, by and between the Agency and the City, County, School District, Fire District and Water District (the 'Taxing Entities'), wherein the Taxing Entities have separately and individually agreed to remit to the Agency annually a portion of the tax increment generated within the Sweetwater Industrial Park Community Reinvestment Project Area #1 (the 'Project Area') for the purpose of providing funds to the Agency to carry out the Project Area Plan. The Interlocal Agreements provide that the Taxing Entities will remit to the Agency annually a portion of the Project Area's tax increment. The first payment of tax increment from all Taxing Entities to the Agency will occur at the Agency's written request to the Utah County Auditor's office. A summary of the salient terms of each respective Interlocal Agreement is as follows: Taxing Entity Agreement Duration Percent of Increment to Agency Agreement Date City 20 Years/Phase Overall CRA Cap of 40 Years 80% Real Property 100% Personal Property May 23, 2018 County 20 Years/Phase Overall CRA Cap of 35 Years 80% Real Property 100% Personal Property May 25, 2018 School District 20 Years/Phase Overall CRA Cap of 35 Years 80% Real Property 100% Personal Property May 24, 2018 Fire District 20 Years/Phase Overall CRA Cap of 40 Years 80% Real Property 100% Personal Property May 23, 2018 Water District 20 Years/Phase Overall CRA Cap of 40 Years 80% Real Property 100% Personal Property May 23, 2018 A copy of the Interlocal Agreements are and will be available for public inspection and copying at the Agency's offices located at 1650 E. Stagecoach Run, Eagle Mountain, Utah, between the hours of 7:30 am and 5:30 pm Monday through Friday, for a period of at least 30 days following the date of publication of this notice (the '30-Day Period'). During that 30-Day Period, any person in interest may contest the Interlocal Agreements (or any one of them) or the procedures used to adopt them (or any one of them) if the Interlocal Agreement(s) or the procedures fail to comply with any applicable statutory requirements. After the 30-Day Period, no person may contest the Interlocal Agreements (or any one of them) for any cause.

Notice of Special Accommodations (ADA)

If you need special accommodations to participate in the City Council Meeting please call the City Recorder's Office at least 3 working days prior to the meeting at 801-789-6611.

Notice of Electronic or Telephone Participation

NA

Meeting Information

Meeting Location

1650 E. Stagecoach Run
Eagle Mountain, 84005
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Contact Name

Lacie Messerly

Contact Email

lmesserly@eaglemountain.gov

Notice Posting Details

Notice Posted On

June 14, 2018 09:57 AM

Notice Last Edited On

June 14, 2018 09:57 AM

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