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

Business

Notice Type(s)

Notice

Event Start Date & Time

April 5, 2022 07:00 PM

Description/Agenda

NOTICE OF PUBLIC HEARING DOWNTOWN 12600 SOUTH 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 12600 South 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 $18,246,541 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 $547,396 CRA Housing Requirements 1,824,654 Redevelopment Activities (infrastructure, relocation, land assembledge, etc) 15,874,491 Total Uses of Tax Increment Funds $18,246,541 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 $2,670,849 Salt Lake County Library 712,427 Jordan School District 9,270,565 South Salt Lake Valley Mosquito Abatement District 18,036 Jordan Valley Water Conservancy District 1,109,221 South Valley Sewer District 751,505 Central Utah Water Conservancy District 601,204 Riverton Law Enforcement Service Area 2,400,307 Riverton Fire Service Area 712,427 Total Sources of Tax Increment Funds $18,246,541 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 April 5, 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 written comments, if any, to the Draft Plan and Budget, including objectives to the plan or budget. Written comments are to be sent to the Riverton City Recorder Office, 12830 South Redwood Road, Riverton Utah 84065, or by email to jleftbridge@rivertonutah.gov 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 Recorder's Office during regular office hours. In addition, a copy of the plan and budget can be obtain by email by contacting Jason Leftbridge, Riverton Community Development Director at jleftbridge@rivertoncity.gov or by calling his office at (801) 208-3138. The Agency is also willing to meet with any property owner or business regarding questions on the Draft plan or budget prior to the hearing date. Please contact the Agency office at (801) 208-3138 to arrange for an appointment, prior to March 22,2022 All concerned citizens are invited to attend the hearing on the Draft Plan and Budget scheduled for 7:00 p.m. on April 5, 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 south right of way line of 12600 South, said point being North 89°58'55' East 73.79 feet and South 00°01'05' East 61.46 feet from the Northwest corner of Section 35, Township 3 South Range 1 West, Salt Lake Base and Meridian and running thence along said south right of way line the following three calls (1) North 89°58'55' East 545.25 feet; (2) thence South 87°38'50' East 565.40 feet; (3) to a point on a 1145.00 foot radius curve to the left, thence along the arc of said curve 130.98 feet through a central angle of 06°32'56' to the east line of parcel 27-35-101-026; thence South 00°02'15' West 588.62 feet to the north line of The Vistas at Riverbend P.U.D., as recorded in in Book 2000P and Page 156 of the Salt Lake County Recorder's Office; thence along boundary of said subdivision the following two (2) calls: (1) South 89°39'11' West 650.73 feet; (2) South 00°07'10' West 655.629 feet; thence South 00°21'10' West 19.5 feet to the north property line of the golf course parcel owned by Salt Lake County and identified as parcel # 27-35-176-005; thence along said line South 89°58'22' West 633.56 feet to the east right of way line of 1300 West Street; thence along said east right of way North 00°21'19' East 679.19 feet; thence North 60°44'53' West 92.60 feet; thence South 89°34'22' West 207.47 feet to a point on a 90.0-foot radius curve to the right; thence 142.62 feet northwesterly along the arc of said curve through a central angle of 90°47'41' (chord bears North 45°01'47' West 128.16 feet); thence North 00°22'03' East 183.06 feet; thence North 89°59'48' West 337.00 feet; thence North 71°17'33' West 104.62 feet; thence North 89°42'42' West 383.89 feet; thence North 00°13'33' East 260.50 feet to the south right of way line of 12600 South, thence along said right-of-way line the following eleven (11) courses: (1) South 89°38'09' East 113.90 feet; (2) South 44°38'06' East 25.46 feet; (3) South 5.00 feet; (4) South 89°38'09' East 60.00 feet; (5)North 5.00 feet; (6) North 45°21'52' East 25.46 feet; (7) South 89°38'09' East 546.67 feet; (8) to a point on a 8263.00- foot radius curve to the left, thence along the arc of said curve 121.74 feet through a central angle of 00°50'39'; (9) South 87°04'07' East 99.92 feet; (10) North 89°29'15' East 117.34 feet; (11) South 46°06'28' East 48.15 feet; thence North 87°42'32' East 71.97 feet; thence North 44°55'12' East 50.33 feet to the point of beginning. Together with Lots 30, 31 & 32, of RIVERTON MARKET SUBDIVISION 3RD AMENDED as recorded in Book 2018P and page 410 in the office of the Salt Lake County Recorder. Contains about 41.1 acres.

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

March 18, 2022 09:26 AM

Notice Last Edited On

March 18, 2022 09:26 AM

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