General Information

Government Type

Municipality

Entity

Lehi

Public Body

RDA

Notice Information

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Notice Title

Notice of Public Hearing on the Alpine Highway Economic Development Area Plan and Budget, Redevelopment Agency and Taxing Entity

Notice Tags

Other

Notice Type(s)

Notice, Meeting, Hearing

Event Start Date & Time

January 16, 2023 02:00 PM

Description/Agenda

NOTICE OF PUBLIC HEARING On Alpine Highway Economic Development Area and Related Draft Project Area Plan and Budget, Board of Directors of the Redevelopment Agency of Lehi City, Taxing Entity Committee Meeting. NOTICE IS HEREBY GIVEN, pursuant to the provisions of Section 17C-1-806, 808, 809 Utah Code Annotated 1953, as amended, that the Board of Directors of the Redevelopment Agency of Lehi City (the 'Agency') have scheduled a public hearing for the Taxing Entity Committee on Monday, January 16th, 2023 at 2:00pm in the City Council Chambers, Lehi City Hall, 153 North 100 East, Lehi, Utah, on the proposed Draft Alpine Highway Economic Development Area Plan and Budget Expansion. The purpose of the Public Hearing will be to allow public comment on if the Draft Plan and Budget should be revised, approved or rejected; and receive all written and hear all oral comments to the Draft Project Area Plan and Budget. The Redevelopment Agency of Lehi City has requested $644 million ($644,646,617) in personal and real property that will be generated by existing and new development within the Alpine Highway Economic Development Project Area to fund a portion of project costs within the Alpine Highway Economic Development Project Area. The personal and real property tax revenues will be used for the following: Public Infrastructure $40,000,000 and Incentive $411,252,632. The personal and real property taxes will be taxes levied by the following governmental entities, and, assuming current tax rates, the taxes paid to the agency for this project area from each taxing entity will be as follows: Utah County $53,290,787, Alpine School District $461,638,605, Lehi City $95,980,718, All Other Taxing Entities Combined $33,736,506. All of the personal and real property taxes to be paid to the agency for the development in the project area are taxes that will be generated only if the project area is developed and on the existing facility. Any person objecting to the proposed Draft Alpine Highway Economic Development Project Area Plan (Project Area Plan) and Budget (Project Area Budget) or contesting the regularity of any of the proceedings to adopt the proposed Draft Project Area Plan and Budget may appear before the Taxing Entity Committee at the public hearing to show cause why the proposed Draft Project Area Plan and Budget should not be adopted. The proposed Draft Project Area Plan and Budget are available at Lehi City Administrative office during normal business hours at the address listed above. People, who have any questions, can contact our office at (385) 201-1000.

Notice of Special Accommodations (ADA)

In compliance with the Americans with Disabilities Act, persons in need of special accommodations should contact the City Recorder at 768-7100 ext. 2254.

Notice of Electronic or Telephone Participation

N/A

Meeting Information

Meeting Location

153 N 100 E
Lehi, UT 84043
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Contact Name

Teisha Wilson

Contact Email

twilson@lehi-ut.gov

Contact Phone

(385)201-2269

Notice Posting Details

Notice Posted On

December 28, 2022 10:37 AM

Notice Last Edited On

January 09, 2023 12:43 PM

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