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Midvale council approves amended Jordan Bluffs development agreement; RDA boosts TIF cap

3648337 · May 27, 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

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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