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Council briefed on two contractual post-performance sales-tax incentive payments totaling about $104,899; formal votes scheduled at council meeting
Summary
City staff presented two resolutions to appropriate post-performance sales tax incentive payments: $20,115 for the Shops at Riverwoods (third year of a 15-year agreement) and $84,784 for Parkway Village (six years of increments under a 10-year agreement). Staff said both items will be presented for council action at a future meeting.
Provo staff summarized two contractual economic-development payments at the council work session and told members the items will go before the full council for formal action in a subsequent meeting.
Melissa McNally, community grant administrator, presented a request to appropriate $20,115 in the general fund to pay the third post-performance half-percent sales-tax increment for the Shops at…
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