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Sandy Urban Renewal Agency adopts $7.2 million budget, sets tax increment
Summary
The Sandy Urban Renewal Agency adopted a two-year urban renewal budget of $7,207,507 and set the tax increment for the agency; staff noted a clerical labeling error that will be corrected in the final published document.
The Sandy Urban Renewal Agency adopted a two-year urban renewal budget totaling $7,207,507 and set the agency's tax increment after a public hearing in which no members of the public testified.
The budget covers the period beginning July 1, 2025, and running through June 30, 2027, and includes allocations staff said will fund reinvestment, continuing grant programs and the Cedar Park campus. The agency opened the hearing, received a staff recommendation to adopt, and voted unanimously to approve Resolution 2025-20.
At the start of the hearing the chair said, "I'm going to open the public hearing for the adoption of resolution 20 25 dash 20," and recorded the hearing open at 06:37. Tyler Wallace, staff, delivered the recap and recommendation: "the urban renewal budget, for the 2 year period beginning 07/01/2025 running through 06/30/2027 in the total amount of $7,207,000 $7,207,507, furthers the advancement of the urban renewal plan, and staff would recommend adoption." Staff told the board there were no public comments on the budget at the May 12 budget committee presentation and no speakers at this hearing.
Staff identified the main allocations in the proposed budget as $800,000 to reinvestment, $400,000 to continuing grant programs, and $200,000 to the Cedar Park campus. Staff also noted a clerical error in the draft document: a lingering reference on page 13 to a "community center / aquatic facility" that should read "Cedar Park campus." Staff said the final published budget document will reflect that correction.
Board members asked only clarifying questions about the label and whether any substantive program changes were included; staff confirmed there were no substantive changes from the previously reviewed draft. Member Megan moved to approve Resolution 2025-20 and member Ramser seconded; the board voted unanimously to adopt the resolution. The public hearing was closed at 06:41.
Earlier in the meeting the board approved minutes from the Sept. 3, 2024 meeting following a motion from member Hokanson and a second from member Mayton; the minutes approval carried with one recorded abstention. After adopting the budget, the board adjourned the meeting.
The board directed staff to finalize the budget document with the corrected Cedar Park campus label before publication. The adoption sets the agency's tax increment and establishes the agency's spending plan for the two-year period specified in the resolution.
