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Midvale council approves amended Jordan Bluffs development agreement; RDA boosts TIF cap
Summary
Council approved a second amendment to the Jordan Bluffs Master Development Agreement and the Redevelopment Agency approved a related change to the tax-increment reimbursement agreement that raises the reimbursement cap and makes the new vacuum (vac) station eligible for payment once set development thresholds are met.
Midvale City Council on June 3 approved a second amendment to the Jordan Bluffs amended and restated master development agreement, while the Redevelopment Agency approved a companion change to the project'area tax-increment reimbursement agreement (TIRRA) that raises the reimbursement cap and allows the recently constructed vacuum sewer station to be reimbursed if future development reaches a defined threshold.
The council resolution (2025-R-34) passed unanimously; the RDA later approved the TIRRA amendment by suspension of the rules, also unanimously. The amended development agreement increases the city'facing park improvement cap to $13.5 million (up from $6 million in the prior agreement) and ties that cap to an annual 6% inflation escalation until park construction is complete. The agreement sets a target completion date for park improvements on or before Oct. 1, 2031 and includes a phasing plan that dedicates portions of the park as adjacent pods are developed.
Why it matters: the Jordan Bluffs area is the…
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