Morgan City Redevelopment Agency - Notice of Interlocal Agreements
Notice Tags
Interlocal Cooperation Entities, Business
Notice Type(s)
Notice
Event Start Date & Time
December 14, 2018 01:00 AM
Description/Agenda
NOTICE OF INTERLOCAL AGREEMENTS BETWEEN THE MORGAN CITY REDEVELOPMENT AGENCY AND THE FOLLOWING TAXING ENTITIES: (1) MORGAN SCHOOL DISTRICT, (2) MORGAN COUNTY, AND (3) MORGAN CITY
Pursuant to Section 11-13-219, Utah Code Annotated 1953, as amended, the Morgan City Redevelopment Agency (the 'Agency'), Morgan School District (the 'School District'), Morgan County (the 'County'), and Morgan City (the 'City') 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 School District, the County, and the City (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 Commercial Street Redevelopment Project Area (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 from tax receipts no later than the 2019 tax year. 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
School District 10 Years 100% December 11,2018
Morgan County 10Years 100% December 11,2018
Morgan City 10 Years 100% December 11,2018
A copy of the Interlocal Agreements are and will be available for public inspection and copying at the Agency's offices located at 90 West Young Street, Morgan Utah, 84050 between the hours of 7:00 am and 4:00 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)
In compliance with the Americans with Disabilities Act, individuals needing special accommodations (including auxiliary communicative aids and services)during this meeting should notify Denise Woods, Agency Secretary, (801)829-3461 at least 24 hours before the meeting.
Notice of Electronic or Telephone Participation
This meeting may be held electronically to allow a member to participate.