Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Tax Increment Financing topic
No spam. Unsubscribe anytime.
South Weber asks district board to consider sharing tax-increment incentive for new General RV site
Summary
South Weber City officials and General RV representatives presented a request for a property-tax increment sharing agreement tied to a planned RV sales, service and training campus near the I‑84/Adams Avenue interchange; the city asked Davis County School District to consider participating at the board’s February meeting.
David Larson, city manager of South Weber, presented details of a planned General RV project and asked the Davis County School District board to consider participating in a tax-increment financing arrangement that would share a portion of increased property tax revenue for up to 10 years.
Larson said the primary project parcel is roughly 18 acres near the I‑84/Adams Avenue interchange and a second nearby area is about 5 acres; both are currently commercially zoned. He described the planned development as including a sales and service campus and an education component the presenter called the “RV Technical Institute.” Larson said General RV projects “100 plus jobs with an average income of about $75,000 a year,” that the project’s taxable value would be about $17,000,000 and that in roughly three years the company expects annual revenue “over a $100,000,000.”
Larson described the city’s request as asking other taxing entities to provide 50% of the increased property tax value for 10 years; he said South Weber City intends to commit 100% of the city’s share for that period. Larson said the total incremental revenue from all taxing entities over the 10-year period was “just under $1,000,000,” and that the current undeveloped property generates about $10,000 per year in property tax. "The annual increase will be just over $50,000 a year," Larson said, referring to the anticipated incremental property tax the school district would receive once development is complete.
Board members questioned the timing because construction had already begun on phase 1. Larson acknowledged that shovel-in-the-ground work had started for phase 1, said phase 1 is under construction but not yet operating and said the developer told the city that later phases could be jeopardized without the incentive. Mayor Rod Westbrook and Larson framed the incentive as a public-investment strategy to fund infrastructure and spur additional commercial growth in a community with limited commercial parcels.
Tim Leffel, the district business administrator, told the board the district recently adopted a policy directing CRAs to the finance committee; South Weber requested a full-board presentation because their CRA discussion began before that policy was adopted. Leffel said the project “checks all the boxes except for the 1” in the policy (the timing), and that the finance committee had discussed it.
Larson said the board will consider action at its regular meeting in February. No formal vote occurred at the workshop; board members asked technical and process questions about the project timeline, job figures, the education center, and how public improvements like canal piping and transportation work would be funded and tied to future phases.
