Published on Thursday, July 26, 2018, in the Salt Lake Tribune and Deseret News
The Draper City Redevelopment Agency (the “Agency”) will hold a public hearing on August 7, 2018, commencing at approximately 7:00 p.m. after the City Council Business Meeting in the City Council Chambers at 1020 E. Pioneer Road, Draper, Utah. The purpose of the public hearing is to accept public comment on a draft project area plan and budget for the proposed South Mountain Community Reinvestment Project Area.
On March 27, 2018, the Board of Directors of the Agency adopted Resolution RDA 18-01 authorizing the preparation of a draft community reinvestment project area plan and budget for the proposed project area within the survey area. Agency staff and consultants have prepared a draft plan for the proposed project area, along with a draft budget, within the survey area.
The draft project area plan provides for the agency to receive tax increment. Property tax revenues resulting from an increase in valuation of property within the project area or proposed project area will be paid to the Agency for project area development rather than to the taxing entity to which the tax revenues would otherwise have been paid, if the proposed project area is created and the use of tax increment is approved by interlocal cooperation agreement with one or more of those taxing entities.
The Agency has requested $33,032,759 in property tax revenues that will be generated by development within the proposed project area to fund a portion of project costs within the proposed project area. These property tax revenues will be used for the following: project administration and creation, a local match to the Governor’s Office of Economic Development’s job creation tax credit, a Canyons School District performance-based technology education program, and infrastructure improvements located within or providing a benefit to the project area. These 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: Salt Lake County - $7,428,884; Salt Lake County Library - $1,884,686; Canyons School District - $20,293,461; Draper City - $4,601,406; South Salt Lake Valley Mosquito Abatement District - $57,405; Central Utah Water Conservancy District - $1,350,706; Jordan Valley Water Conservancy District - $1,350,706; and South Valley Sewer District - $1,067,058. All of the 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.
All persons interested and present will be given an opportunity to be heard in this matter. Written comments may also be submitted to the Agency regarding the draft plan and budget prior to the date of the public hearing. All concerned citizens are invited to attend the hearing. Any person objecting to the proposed project area plan or budget, or contesting the regularity of any of the proceedings to adopt the proposed project area plan or budget, may appear before the board at the hearing to show cause why the proposed project area plan or budget should not be adopted. The proposed project area plan and budget are each available for public inspection at the Draper City Offices (address below).
The proposed project area contains approximately 72 acres of land located east of Minuteman Drive and west of Bangerter Parkway and is bounded on the south by Highland Drive and on the north by the Porter Rockwell Trail. A legal description and map are enclosed.
People with disabilities may make requests for reasonable accommodation, which may include alternate formats, interpreters, and other auxiliary aids and services. Please make requests at least three business days in advance. To make a request, please contact the Agency at mailing/physical address of 1020 E Pioneer Road, Draper, UT 84020; or by phone at (801) 576-6513, or by email at firstname.lastname@example.org.
 This number is less the Salt Lake County mitigation payment ($2,476,295), Salt Lake County Library mitigation payment ($807,722), Canyons School District mitigation payment ($8,697,198), and the mandatory housing allocation ($5,001,553).