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Roosevelt council agrees to explore Utah Inland Port Authority TIF partnership for Main Street revitalization
Summary
After a presentation by the Utah Inland Port Authority, the Roosevelt City Council asked staff to explore a resolution inviting the authority to work with the city on a tax-increment financing (TIF) project area to support Main Street revitalization and façade improvements.
The Roosevelt City Council on an unspecified date heard a 45-minute presentation from representatives of the Utah Inland Port Authority and directed city staff to explore a resolution inviting the authority to work with Roosevelt on a tax-increment financing (TIF) project area for Main Street revitalization and small-business façade grants.
The presentation, led by a Utah Inland Port Authority representative, explained the authority’s model: after a land-use authority (the city) passes an invitation-resolution, the port authority helps draft a plan and budget for a port project area and can capture a statutory share of incremental property tax revenue generated inside…
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