NOTICE OF INTERLOCAL AGREEMENT BETWEEN THE LEHI CITY REDEVELOPMENT AGENCY AND LEHI CITY
Notice Tags
Other
Notice Type(s)
Notice
Event Start Date & Time
March 19, 2025 04:25 PM
Event End Date & Time
April 20, 2025 04:25 PM
Description/Agenda
LEHI REDEVELOPMENT AGENCY
NOTICE OF INTERLOCAL AGREEMENT BETWEEN THE LEHI CITY REDEVELOPMENT AGENCY AND LEHI CITY
Diversion of Property Tax for a Community Reinvestment Project Area
The Lehi City Redevelopment Agency (the 'Agency') and Lehi City, Utah jointly provide this notice of an Interlocal Agreement entered into by and between the Agency and Lehi City, in which Lehi City consents to the Agency receiving and retaining a portion of the tax increment generated within the Morning Vista Community Reinvestment Project Area for the purpose of facilitating development within the Project Area. The Interlocal Agreement is for local option sales and use tax at 100% for 8 years, 80% for 4 years, 60% for 3 years for a total of 15 years not to exceed a budget amount of $7,927,672.00 and levy a property tax on taxable property within the agency's boundaries. A copy of the Interlocal Agreement is and will be available for public inspection and copying at the Agency offices located at 153 North 100 East, Lehi, Utah 84043, between the hours of 8:00 am and 5:00 pm, Monday through Thursday and between the hours of 8:00am and 4:00pm, Friday, for a period of at least 30 days following the publication of this notice. During that 30-day period, any person in interest may contest the Interlocal Agreement, or the procedure used to adopt it, for failure to comply with any applicable statutory requirements. After that 30-Day Period, no person may contest the Interlocal Agreement for any cause.
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.