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Lehi RDA adopts Skyview community reinvestment plan, approves budget and related development agreement
Summary
The Lehi Redevelopment Agency adopted the Skyview community reinvestment project area — a 28.84‑acre site north of SR‑92 — and approved a budget, interlocal agreement with the city and a development agreement to reimburse qualifying public infrastructure on a post‑performance basis.
The Lehi Redevelopment Agency and the City Council moved forward with a community reinvestment project area the agency labeled Skyview, a 28.84‑acre retail and mixed‑use parcel north of SR‑92 and just west of Center Street.
At a public hearing the agency adopted a project area map and official project budget and then approved interlocal and development agreements to allow tax‑increment style reimbursements for qualifying public infrastructure and to support recruitment of prospective retail tenants. Agency staff said letters of intent from prospective retailers and fitness users are in process; the developer told the agency it had been negotiating leases and LOIs for months.
Key elements in the agency’s approvals:
- Project area and budget: The agency adopted a…
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