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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

3340493 · May 16, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

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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