General Information

Government Type

Municipality

Entity

Millcreek

Public Body

Community Reinvestment Agency

Notice Information

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Notice Title

Notice of Approval of Interlocal Agreements for the MedTech Community Reinvestment Project Area

Notice Tags

Community Development and Renewal Agencies

Notice Type(s)

Notice

Event Start Date & Time

April 30, 2021 08:00 AM

Event End Date & Time

May 30, 2021 05:00 PM

Event Deadline Date & Time

04/30/21 08:00 AM

Description/Agenda

PUBLISHED NOTICE OF SUMMARY OF INTERLOCAL AGREEMENTS BETWEEN THE MILLCREEK COMMUNITY REINVESTMENT AGENCY AND THE FOLLOWING TAXING ENTITIES: CENTRAL UTAH WATER CONSERVANCY DISTRICT, GRANITE SCHOOL DISTRICT, MT. OLYMPUS IMPROVEMENT DISTRICT, SOUTH SALT LAKE VALLEY MOSQUITO ABATEMENT DISTRICT, UNIFIED FIRE SERVICE AREA, AND MILLCREEK The Millcreek Community Reinvestment Agency ('Agency') hereby gives notice pursuant to the Utah Limited Purpose Local Government Entities-Community Development and Renewal Agencies Act (the 'Development Act'), Sections 17C-1-201 and 202, and the Agency and the following taxing entities: Central Utah Water Conservancy District, Granite School District, Mt. Olympus Improvement District, South Salt Lake Valley Mosquito Abatement District, Unified Fire Service Area, and Millcreek (collectively, the 'Taxing Entities') hereby jointly give notice pursuant to the provisions of the Utah Interlocal Cooperation Act, Title 11, Chapter 13 (the 'Cooperation Act'), Section 11-13-219(3)(c), Utah Code Ann. 1953, as amended, that by adoption of their resolutions or actions, the Agency and the Taxing Entities approved and authorized execution of interlocal agreements ('Agreements') between the Agency and each of the Taxing Entities, and that said interlocal agreements were executed and entered into on the dates listed below, for the funding of the MedTech Community Reinvestment Project Area (the 'Project Area'): Agency Resolution No. 21-05 dated April 12, 2021 and Central Utah Water Conservancy District Resolution No. 2020-10-13 dated October 28, 2020; Agency Resolution No. 21-06 dated April 12, 2021 and Granite School District action of approval on October 6, 2020; Agency Resolution No. 21-07 dated April 12, 2021 and Mt. Olympus Improvement District Resolution No. 19-031721-02 dated March 17, 2021; Agency Resolution No. 21-08 dated April 12, 2021 and South Salt Lake Valley Mosquito Abatement District Resolution No. 20-01 dated May 11, 2020; Agency Resolution No. 21-09 dated April 12, 2021 and Unified Fire Service Area Resolution No. 10-2020A dated October 20, 2020; and Agency Resolution No. 21-10 dated April 12, 2021 and Millcreek Resolution No. 21-05 dated April 12, 2021. The Agency and the Taxing Entities have executed and entered into the Agreements, and pursuant to Section 17C-4-201 of the Development Act and Section 11-13-215 the Cooperation Act, and the Agreements, the Agency and the Taxing Entities excluding Granite School District have agreed as follows: (1)(i) the Agency, for the twenty (20) tax years beginning with the 'Trigger Year' (any tax year between and including 2020 tax year and the 2025 tax year as determined by the Agency), shall receive, and Salt Lake County as the collector of property taxes, pursuant to Section 17C-4-203(2) of the Development Act, shall pay to the Agency 70% of the tax increment attributable to Millcreek, Central Utah Water Conservancy District, Mt. Olympus Improvement District, South Salt Lake Valley Mosquito Abatement District, and Unified Fire Service Area, of the Taxing Entities' tax levy on both real and personal property within the Project Area, the base year shall be 2019, and the base taxable value shall be $150,218,100; and (ii) the Agency and the Granite School District, have agreed for the fifteen (15) tax years beginning with the 'Trigger Year' (any tax year between and including 2020 tax year and the 2025 tax year as determined by the Agency), shall receive, and Salt Lake County as the collector of property taxes, pursuant to Section 17C-4-203(2) of the Development Act, shall pay to the Agency 80% of the tax increment attributable to Granite School District's tax levy on both real and personal property within the Project Area, the base year for all Agreements shall be 2019, and the base taxable value shall be $150,218,100; (2) the property tax revenues from the Taxing Entities' levies that are attributable to the base taxable value shall be paid by Salt Lake County to each of the respective Taxing Entities; (3) the increase in the property tax revenues attributable to Taxing Entities' tax levies on both real and personal property within the Project Area, over and above the property tax revenues attributable to each of the Taxing Entities' levies on the base taxable value, or in other words, the tax increment, shall be paid by Salt Lake County to the Agency for the period, and in accordance with the percentages indicated above. Pursuant to the Agreements, the tax increment paid to the Agency will be used for the purposes set forth in the Project Area Plan and Project Area Budget that will assist in development and completion of the Project as provided in the Project Area Plan. The term of the Agreements continues for fifteen (15) years after the Trigger Year for the Granite School District and twenty (20) years for the remaining Taxing Entities after the Trigger Year. Among other things, the Agreement also contains provisions for compliance with the Development Act and Cooperation Act and for the publication of this Notice. For 30 days after publication of this Notice and thereafter, the Agreements and the resolutions of the Agency are available for review and general public inspection at the principal offices of the Agency, 3330 S. 1300 E., Monday through Friday, during regular business hours, 8:00 a.m. to 5:00 p.m., excluding holidays and at the principal place of business of each of the Taxing Entities.

Notice of Special Accommodations (ADA)

In compliance with the Americans with Disabilities Act, individuals needing special accommodations should notify the ADA Coordinator at 801-214-2751 or khansen@millcreek.us.

Notice of Electronic or Telephone Participation

N/A

Meeting Information

Meeting Location

3330 S. 1300 E.
Millcreek, UT 84106
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Contact Name

Elyse Sullivan

Contact Email

esullivan@millcreek.us

Contact Phone

(801)214-2700

Notice Posting Details

Notice Posted On

April 30, 2021 08:16 AM

Notice Last Edited On

April 30, 2021 08:16 AM

Deadline Date

April 30, 2021 08:00 AM

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