General Information

Government Type

Municipality

Entity

Eagle Mountain

Public Body

Redevelopment Agency

Notice Information

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Notice Title

POSTPONED - Redevelopment Agency Public Hearing

Notice Tags

Other

Notice Type(s)

Notice, Hearing

Event Start Date & Time

February 16, 2021 07:00 PM

Description/Agenda

THIS HEARING HAS BEEN POSTPONED - UPDATED 02.10.2021 NOTICE OF HEARING TO OWNERS OF PROPERTY WITHIN THE PROPOSED SWEETWATER INDUSTRIAL PARK COMMUNITY REINVESTMENT PROJECT AREA #2 On April 21, 2020 the Eagle Mountain Redevelopment Agency (the 'Agency'), by resolution, designated the proposed Sweetwater Industrial Park Community Reinvestment Area #2 (the 'Project Area') and authorized the preparation of a Draft Project Area Plan and Draft Project Area Budget (the 'Draft Plan & Budget') for the Proposed Project Area. The Draft Plan & Budget provides, among other things, an evaluation of appropriate land uses and economic and community development forecasts for the land encompassed by the Project Area. The Draft Plan & 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 and other taxing districts. The Draft Plan & Budget for the Proposed Project Area has been prepared and the Agency gives notice that a public hearing on the Draft Plan & Budget will be held on February 16, 2021, at 7:00 p.m., or as soon thereafter as feasible, at the City of Eagle Mountain (the 'City') Offices. Please visit the City's website, www.eaglemountaincity.com, for information on livestreaming or virtually attending the public hearing. 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 Board at the hearing to show cause why the Draft Plan and Budget should not be adopted. To electronically participate or make a comment at the meeting, please contact the City Recorder's office in advance by calling (801) 789-6610 or emailing fkofoed@emcity.org. The Agency has requested $77,854,134 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 Total NPV at 4% Redevelopment Activities $68,122,367 $46,578,535 CRA Housing Requirement (as outlined in 17C-5-307) 7,785,413 5,323,261 Project Area Administration 1,946,353 1,330,815 Total Uses of Tax Increment Funds $77,854,134 $53,232,611 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 following: Entity Total Utah County $5,059,276 Alpine School District 50,434,662 Eagle Mountain City 6,211,165 Central Utah Water Conservancy District 3,011,474 Unified Fire Service Area - Salt Lake County 13,137,556 Total Sources of Tax Increment Funds $77,854,134 All of the property tax increment to be paid to the Agency for the development in the CRA are taxes that will be generated only if the CRA is developed. Copies of the Draft Plan & Budget are available for inspection at the City and the Agency's offices at 1650 E. Stagecoach Run, Eagle Mountain, during regular office hours. Any interested person wishing to meet and discuss the Draft Plan & Budget, before the hearing, may contact the Agency at the Agency offices at (801) 789-6621 to set up an appointment. If you would like to set up an appointment before the hearing, please call on or before February 1, 2021. All citizens are welcome to attend the hearing on the Draft Plan & Budget scheduled for February 16, 2021, at 7:00 p.m. and/or submit comments to the Agency before February 16, 2021. Please visit the City's website, www.eaglemountaincity.com, for information on livestreaming or if possible, attending the public hearing. In compliance with the Americans with Disabilities Act, the City of Eagle Mountain will make efforts to provide reasonable accommodations to disabled members of the public in accessing City Programs. Please contact the City Offices, (801) 789-6610, at least 24 hours in advance of the meeting.

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 801-789-6610 at least 3 working days prior to the meeting.

Notice of Electronic or Telephone Participation

NA

Meeting Information

Meeting Location

1650 E Stagecoach Run
Eagle Mountain, UT 84005
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Contact Name

Lacie Messerly

Contact Email

lmesserly@eaglemountian.gov

Notice Posting Details

Notice Posted On

January 29, 2021 07:38 AM

Notice Last Edited On

February 10, 2021 01:53 PM

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