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Provo RDA tentatively adopts FY2026 budget, approves MOA to keep Mountain Vista mitigation obligations and corrects Freedom Plaza tax-increment share
Summary
The Provo Redevelopment Agency board tentatively adopted its FY2026 budget, approved a memorandum of agreement allowing Hall Labs to transfer a Mountain Vista property sale while retaining mitigation obligations, and amended an interlocal agreement to set Freedom Plaza tax-increment participation at 100% as originally agreed.
The Provo Redevelopment Agency (RDA) governing board on Monday tentatively adopted its FY2026 budget and handled multiple property and tax-increment items.
RDA Executive Director Melissa McNally presented the tentative RDA budget and said public hearings on the RDA budget will occur on June 3 and June 17. She also presented a memorandum of agreement that would allow Hall Labs to sell a property in the Mountain…
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