General Information

Government Type

Municipality

Entity

Eagle Mountain

Public Body

Redevelopment Agency

Notice Information

Add Notice to Calendar

Notice Title

Notice of Public Hearing RDA

Notice Tags

Other

Notice Type(s)

Notice

Event Start Date & Time

May 7, 2019 04:00 PM

Event End Date & Time

May 7, 2019 10:00 PM

Description/Agenda

NOTICE OF HEARING PROPOSED POLE CANYON COMMUNITY REINVESTMENT PROJECT AREA POLE CANYON COMMUNITY REINVESTMENT PROJECT AREA On March 5, 2019 the Eagle Mountain Redevelopment Agency (the 'Agency'), by resolution, authorized the preparation of a draft of the Project Area Plan and a Project Area Budget (the 'Draft Plan & Budget') for the Pole Canyon Community Reinvestment Area (the 'CRA' or 'Project Area'). The Draft Plan and Budget provides, among other things, an evaluation of appropriate land uses and economic and community reinvestment forecasts for the land encompassed by the CRA. The Draft Plan and Budget also set 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 Eagle Mountain (the 'City') and other taxing districts. The Agency has requested $21,145,620 in property tax incremental revenues that will be generated by development within the CRA to fund a portion of the project development costs within the CRA. These property tax revenues will be used for the following: Uses of Tax Increment Uses Total Project Area Administration $422,912 CRA Housing Requirement $2,114,562 Redevelopment Activities $18,608,146 Total Uses of Tax Increment Funds $21,145,620 These property taxes will be levied by the following governmental entities, and, assuming current tax rates, the taxes paid to the Agency for this CRA from each taxing entity will be as follows: Sources of Tax Increment Funds Entity Total Utah County $1,416,805 Alpine School District $13,612,553 Eagle Mountain City $1,788,426 Central Utah Water Conservancy Distict $774,210 Unified Fire Service Area - Salt Lake County $3,553,625 Total Sources of Tax Increment Funds $21,145,620 All of the property tax increment to be paid to the Agency for development in the CRA are taxes that will be generated only if the CRA is developed. The Draft Plan and Budget for the Proposed Project Area have been prepared, and the Agency gives notice that a public hearing on the Draft Plan and Budget will be held on May 7, 2019, commencing at 7:00 p.m., or as soon thereafter as feasible, at the Offices of the City of Eagle Mountain. At the public hearing, the Agency will hear public comment on and objections, if any, to the Draft Plan and Budget, including whether the Draft Plan and Budget should be revised, approved, or rejected. The Agency will also receive all written objections, if any, to the Draft Plan and Budget. The Agency also invites public comments in support of the Draft Plan and Budget. All interested persons are invited to submit to the Agency comments on the Draft Plan and Budget before the date of the hearing. Any person objecting to the Draft Plan and Budget or contesting the regularity of any of the proceedings to adopt the Draft Plan and Budget may appear before the Agency's governing board at the hearing to show cause why the Draft Plan and Budget should not be adopted. Copies of the Draft Plan and Budget are available for inspection at the City of Eagle Mountain Offices at 1650 E. Stagecoach Run, during regular office hours. Any interested person wishing to meet and discuss the Draft Plan and Budget before the hearing may contact the Agency at (801) 789-6610 to set up an appointment. To schedule an appointment before the hearing, please call on or before April 30, 2019. Any interested person wishing for a copy of the Project Area's boundary description may contact the Agency at (801) 789-6610 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 https://eaglemountaincity.com. All concerned citizens are invited to attend the hearing on the Draft Plan and Budget scheduled for 7:00 p.m. on May 7, 2019 at the City Offices and/or to submit comments to the Agency before May 7, 2019, 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) 789-6610, at least 3 working days in dvance of the meeting.

Notice of Special Accommodations (ADA)

If you need special accommodations to participate in the Redevelopment Agency of Eagle Mountain City 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
Show in Apple Maps Show in Google Maps

Contact Name

Lacie Messerly

Contact Email

lmesserly@eaglemountian.gov

Notice Posting Details

Notice Posted On

April 22, 2019 02:06 PM

Notice Last Edited On

April 22, 2019 02:06 PM

Subscribe by Email

Subscription options will send you alerts regarding future notices posted by this Body.