General Information

Government Type

Municipality

Entity

Riverton

Public Body

Redevelopment Agency

Notice Information

Add Notice to Calendar

Notice Title

NOTICE OF PUBLIC HEARING

Notice Tags

Land Use

Notice Type(s)

Notice

Event Start Date & Time

March 1, 2022 07:05 PM

Description/Agenda

NOTICE OF HEARING DOWNTOWN REDWOOD ROAD COMMUNITY REINVESTMENT PROJECT AREA The Riverton Redevelopment Agency (the 'Agency'), by resolution, authorized the preparation of a draft Project Area Plan and Project Area Budget (the 'Draft Plan & Budget') for the Downtown Redwood Road Community Reinvestment Area (the 'CRA'). 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 sets forth the aims and objectives of the anticipated new development, including its scope, its mechanism, and its value to the residents of Riverton City (the 'City') and other taxing districts. The Agency has requested $6,329,656 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, as outlined in the Project Area Plan. These property tax revenues will be used for the following: Uses of Tax Increment Uses Total Project Area Administration $189,890 CRA Housing Requirements 632,966 Redevelopment Activities (infrastructure, relocation, land assembledge, etc) 5,506,800 Total Uses of Tax Increment Funds $6,329,656 These property tax revenues are a result from an increase in valuation of property within the Project Area and will be paid to the Agency rather than to the taxing entity to which the tax revenue would otherwise have been paid if one or more of the taxing entities below agree to share the property tax increase under an interlocal agreement. The 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: Sources of Tax Increment Funds Entity Total Salt Lake County $926,507 Salt Lake County Library 247,138 Jordan School District 3,218,924 South Salt Lake Valley Mosquito Abatement District 6,257 Jordan Valley Water Conservancy District 384,785 South Valley Sewer District 260,694 Central Utah Water Conservancy District 208,555 Riverton Law Enforcement Service Area 832,657 Riverton Fire Service Area 247,138 Total Sources of Tax Increment Funds $6,329,656 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. 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 March 1, 2022, at 7:00 p.m., or as soon thereafter as feasible, from the City's offices located at 12830 S. Redwood Road, Riverton, Utah (the 'City Offices'). 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 Offices 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 the City Offices at (801) 254-0704 to set up an appointment. To schedule an appointment before the hearing, please call on or before February 22, 2022. All concerned citizens are invited to attend the hearing on the Draft Plan and Budget scheduled for 7:05 p.m. on March 1, 2022 from the City Offices and/or to submit comments to the Agency before 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) 254-0704 to request such accommodations. EXHIBIT A: Project Area Boundary Description Beginning at a point on the east right of way line of Redwood Road, said point being 1039.03 feet South 00°12'47' West along the section line and 97.10 feet South 89°47'13' East from the North Quarter Corner of Section 34, Township 3 South Range 1 West, Salt Lake Base and Meridian, said point also being the southwest corner of Riverton Peaks Phase 2 PUD Subdivision, thence easterly along the south line of said Riverton Peaks Phase 2 PUD Subdivision and Riverton Peaks Phase 1 PUD Subdivision South 89°47'13' East 348.54 feet to the west line of 1630 West Street; thence alongs said west line of 1630 West Street South 00°10'23' West 319.21 feet; thence South 89°42'26' East 82.00 feet; thence South 00°09'30' West 531.22 feet; thence North 89°47'20' West 198.00 feet; thence South 00°12'43' West 178.00 feet; thence South 00°18'18' West 232.37 feet; thence North 89°47'13' West 33.00 feet; thence South 00°12'47' West 346.50 feet; thence North 89°47'13' West 196.00 feet to east line of Redwood Road; thence along the east line of Redwood Road North 00°14'02' East 954.86 feet; thence North 00°12'45' East 51.10 feet; thence North 03°58'09' East 99.47 feet; thence North 00°11'32' East 167.41 feet; thence North 03°03'29' West 120.19 feet; thence North 00°37'39' West 163.15 feet thence North 00°37'39' West 163.15 feet; thence North 01°23'46' West 51.70 feet to the point of beginning. Contains about 9.8 acres. Project Area Map

Notice of Special Accommodations (ADA)

Riverton City Hall is an accessible facility. Individuals needing special accommodations or assistance during this meeting shall notify the City Recorders Office at 801-208-3126, at least two business days in advance of the meeting. Accessible parking and entrance are located on the south end of the building with elevator access to the City Council Chambers located on the second floor.

Notice of Electronic or Telephone Participation

N/A

Meeting Information

Meeting Location

12830 S. Redwood Road
Riverton, UT 84065
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Contact Name

Jamie Larsen

Contact Email

jlarsen@rivertonutah.gov

Contact Phone

(801)208-3126

Notice Posting Details

Notice Posted On

February 15, 2022 03:35 PM

Notice Last Edited On

February 15, 2022 03:35 PM

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