General Information

Government Type

Municipality

Entity

Lindon

Public Body

Redevelopment Agency

Notice Information

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Notice Title

Notice

Notice Tags

Other

Notice Type(s)

Notice

Event Start Date & Time

June 29, 2022 08:00 AM

Description/Agenda

NOTICE OF INTERLOCAL AGREEMENT BETWEEN THE REDVELOPMENT AGENCY OF LINDON AND LINDON CITY Pursuant to Sections 11-13-219 and 17C-5-205, Utah Code Annotated 1953, as amended, the Redevelopment Agency of Lindon (the 'Agency') and Lindon City (the 'City') are providing this notice with respect to the Interlocal Cooperation Agreement (the 'Interlocal Agreement') entered into by and between the Agency and the City, wherein the City has agreed to remit to the Agency annually a portion of the property and sales tax increment (Tax Increment) generated within the Lindon-Park Community Reinvestment Project Area (the 'Project Area') for the purpose of providing funds to the Agency to carry out the Project Area Plan. The Interlocal Agreement provides that the City will remit to the Agency annually a portion of the Project Area's Tax Increment. The first payment of tax increment from the City to the Agency will occur at the Agency's written request to the Utah County Auditor's office. A summary of the salient terms of the Interlocal Agreement are as follows: Taxing Entity Agreement Duration* Percent to Agency Date City Property Tax - 15 Years Sales Tax - 5 Years Property Tax - 75% Sales Tax - 100% after $125,000 June 20, 2022 *Interlocal Agreement includes an overall participation cap of $693,000. A copy of the Interlocal Agreement is and will be available for public inspection and copying at the Agency's offices located at 100 N. State Street, Lindon, Utah, during regular Agency hours, for a period of at least 30 days following the date of publication of this notice (the '30-Day Period'). During that 30-Day Period, any person in interest may contest the Interlocal Agreement or the procedures used to adopt it, if the Interlocal Agreement or the procedures fail to comply with any applicable statutory requirements. After the 30-Day Period, no person may contest the Interlocal Agreement for any cause.

Notice of Special Accommodations (ADA)

The City of Lindon, in compliance with the Americans with Disabilities Act, provides accommodations and auxiliary communicative aids and services for all those citizens in need of assistance. Persons requesting these accommodations for City-sponsored public meetings, services programs or events should call Kathy Moosman at 801-785-5043, giving at least 24 hours notice.

Notice of Electronic or Telephone Participation

NA

Meeting Information

Meeting Location

100 North State Street
Lindon, UT 84042
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Contact Name

Britni Laidler

Contact Email

blaidler@lindon.gov

Notice Posting Details

Notice Posted On

July 01, 2022 09:53 AM

Notice Last Edited On

July 01, 2022 09:53 AM

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