COMMUNITY DEVELOPMENT AND RENEWAL AGENCY (CDRA) PUBLIC HEARING NOTICE
Notice Tags
Public Meetings, Hearings
Notice Type(s)
Notice,
Meeting,
Hearing
Event Start Date & Time
December 18, 2018 07:00 PM
Event End Date & Time
December 18, 2018 07:30 PM
Description/Agenda
NOTICE OF HEARING CANYONS CENTRE COMMUNITY DEVELOPMENT PROJECT AREA
CANYONS CENTRE COMMUNITY DEVELOPMENT PROJECT AREA
On November 13, 2018 the Cottonwood Heights Community Development and Renewal Agency (the 'Agency'), by resolution, authorized the preparation of drafts of a 2nd Amended Project Area Plan and an Amended Project Area Budget (the 'Amended Draft Plan & Budget') for the Canyons Centre Community Development Area (the 'CDA'). The Amended Draft Plan and Budget provides, among other things, an evaluation of appropriate land uses and economic and community development forecasts for the land encompassed by the CDA. The Amended Draft Plan and Budget also sets forth the aims and objectives of the anticipated new development, including its scope, its mechanism, and its value to the residents of the city of Cottonwood Heights (the 'City') and other taxing districts.
The Agency has requested $13,698,672 in property tax incremental revenues that will be generated by development within the CDA to fund a portion of the project development costs within the CDA. These property tax revenues will be used for the following:
Uses of Tax Increment
Uses Total NPV at 0.85%
Project Area Administration $407,455 $367,376
Redevelopment Activities (loan repayments, park improvements, taxing entity remittance, etc) 13,291,217 12,000,855
Total Uses of Tax Increment Funds $13,698,672 $12,368,231
These property taxes will be levied by the following governmental entities, and, assuming current tax rates, the taxes paid to the Agency for this CDA from each taxing entity will be as following:
Sources of Tax Increment Funds
Entity Total
Salt Lake County $2,783,354
Salt Lake County Library 750,132
Canyons School District 6,720,256
Cottonwood Heights City 1,975,642
South Salt Lake Valley Mosquito Abatement District 17,229
Central Utah Water Conservancy District 382,876
Cottonwood Heights Parks & Rec Service Area 1,069,182
Total Sources of Tax Increment Funds $13,698,672
All of the property tax increment to be paid to the Agency for the development in the CDA are taxes that will be generated only if the CDA is developed.
The Amended Draft Plan and Budget for the Proposed Project Area have been prepared and the Agency gives notice that a public hearing on the Amended Draft Plan and Budget will be held on December 18, 2018, at 7:00 p.m., or as soon thereafter as feasible, at the City's offices located at 2277 E. Bengal Blvd, Cottonwood Heights, Utah (the 'City Offices'). At the public hearing, the Agency will hear public comment on and objections, if any, to the Amended Draft Plan and Budget, including whether the Amended Draft Plan and Budget should be revised, approved, or rejected. The Agency will also receive all written objections, if any, to the Amended Draft Plan and Budget. The Agency also invites public comments in support of the Amended Draft Plan and Budget. All interested persons are invited to submit to the Agency comments on the Amended Draft Plan and Budget before the date of the hearing. Any person objecting to the Amended Draft Plan and Budget or contesting the regularity of any of the proceedings to adopt the Amended Draft Plan and Budget may appear before the Agency's governing board at the hearing to show cause why the Amended Draft Plan and Budget should not be adopted.
Copies of the Amended Draft Plan and Budget are available for inspection at the City Offices at 2277 E. Bengal Blvd, Cottonwood Heights, Utah during regular office hours. Any interested person wishing to meet and discuss the Amended Draft Plan and Budget before the hearing may contact the Agency at the City Offices at (801) 944-7000 to set up an appointment. To schedule an appointment before the hearing, please call on or before December 4, 2018.
Any interested person wishing for a copy of the Project Area's boundary description may contact the Agency at (801) 944-7000 to request a copy of the boundary description be sent at no cost to the person by mail, email, or facsimile transmission. The boundary desciprtion may also be viewed on the City's website at www.cottonwoodheights.utah.gov.
All concerned citizens are invited to attend the hearing on the Amended Draft Plan and Budget scheduled for 7:00 p.m. on December 18, 2018 at the City Offices and/or to submit comments to the Agency before December 18, 2018, the date of the hearing.
In compliance with the Americans with Disabilities Act, the City and the Agency will make efforts to provide reasonable accommodations to disabled members of the public in accessing the public hearing. Please contact the City at (801) 944-7000, at least 24 hours in advance of the meeting to request such accommodations.
Notice of Special Accommodations (ADA)
In compliance with the Americans with Disabilities Act, individuals needing special accommodations or assistance during this meeting shall notify Paula Melgar, City Recorder, at 801-944-7021 at least 24 hours prior to the meeting. If you would like to submit written comments on any agenda item they should be received by Paula Melgar, City Recorder no later than Tuesday at noon. Comments can be emailed to pmelgar@ch.utah.gov
Notice of Electronic or Telephone Participation
Council Members may participate in the meeting via telephonic communication. If a Council Member does participate via telephonic communication, the Councilmember will be on speakerphone. The speakerphone will be amplified so that the other Council Members and all other persons present in the Council Chambers will be able to hear all discussions.