UIPA official outlines $3 million infrastructure financing plan to support Fairfield development
A Utah Inland Port Authority representative told Fairfield officials an AIB loan could reimburse installed water infrastructure and fund a new well, estimating about $3 million in eligible costs, with repayment tied to increased property tax revenue from Tal's development rather than the town's general fund.
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Jenna Draper, Fairfield’s Area Development Partner with the Utah Inland Port Authority, told the council the Authority Infrastructure Bank (AIB) loan structure could reimburse the town for water infrastructure already installed and finance a new well to support expected development.
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