Community Reinvestment Agency Public Hearings Notice
General Information
- Government Type
- Municipality
- Entity
- Millcreek
- Public Body
- Community Reinvestment Agency
Notice Information
- Notice Title
- Community Reinvestment Agency Public Hearings Notice
- Notice Tags
- budget, interfund loans
- Notice Type(s)
- Notice, Hearing
- Event Start Date & Time
- June 9, 2025 07:00 PM
- Event End Date & Time
- June 9, 2025 09:00 PM
- Description/Agenda
- Millcreek, UT Public Hearings Notice Notice is hereby given that on Monday, June 9, 2025, at approx. 7:00 p.m., or as soon thereafter as the council meeting has recessed or adjourned, at Millcreek City Hall, 1330 E Chambers Avenue, Millcreek, Utah, the following public hearing will be held before the Community Reinvestment Agency: 1) to consider the Fiscal Year 2025-26 tentative budget; and 2) to consider adopting Interfund Loan schedules as attached, necessary to cover prior year negative cash balances, between 1) West Millcreek CRA and the City Center CRA, 2) West Millcreek CRA and the Woodland Avenue CRA, and 3) West Millcreek CRA and the Olympus Hills CRA. The interfund loans will not exceed the following terms: - Separate loan schedules will be created for each fiscal year in which individual project areas end with a negative cash balance, - The amount loaned/borrowed will not exceed the amount necessary to clear the negative cash balance of each project area, - The effective date of each interfund loan shall be June 30 of each year and shall not exceed ten (10) years, - The interest rate charged will equal the average PTIF rate for that given fiscal year, and - The loan transaction will be recorded in the final quarter of the fiscal year to correctly determine the minimum amount necessary to cover any negative cash balance. A copy of the associated information for the hearings is on file for review at Millcreek City Hall. The public is invited to attend the hearings and make comments. The meeting will be live streamed via the City's website at: https://www.millcreekut.gov/373/Meeting-Live-Stream. Public comment can be submitted via the City's website at: https://www.millcreekut.gov/FormCenter/Contact-Us-5/Public-Comments-61. In compliance with the Americans with Disabilities Act, individuals needing special accommodation during the public hearings should notify the ADA Coordinator at 801-214-2751, or adainfo@millcreekut.gov, two days prior to the meeting date.
- Notice of Special Accommodations (ADA)
- In compliance with the Americans with Disabilities Act, individuals needing special accommodations during this meeting/hearing should notify the ADA Coordinator at 801-214-2751 or adainfo@millcreekut.gov at least 48 hours in advance.
- Notice of Electronic or Telephone Participation
- The Agency may convene in an electronic meeting. Board Members may participate from remote locations and may be connected to the electronic meeting by GoToMeeting, Zoom, or telephonic communications. The anchor location will be City Hall. Public comment can be submitted via the City's website at: https://www.millcreekut.gov/FormCenter/Contact-Us-5/Public-Comments-61. The meetings will be live streamed via the City's website at: https://www.millcreekut.gov/373/Meeting-Live-Stream.
Meeting Information
- Meeting Location
-
1330 E Chambers Avenue
Millcreek, UT 84106
Show in Apple Maps Show in Google Maps - Contact Name
- Elyse Sullivan
- Contact Email
- esullivan@millcreek.us
- Contact Phone
- (801)214-2700
Notice Posting Details
- Notice Posted On
- May 29, 2025 12:05 PM
- Notice Last Edited On
- May 29, 2025 12:05 PM
Download Attachments
| File Name | Category | Date Added |
|---|---|---|
| FY26 Millcreek Tentative Budget Book.pdf | Public Information Handout | 2025/05/29 12:04 PM |
| Interfund Loans - Debt Service Schedules.pdf | Public Information Handout | 2025/05/29 12:05 PM |
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