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Ogden City seeks larger Adams CRA budget; district requests cash‑flow detail before decision

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Summary

Ogden City officials briefed the school board on a proposed expansion of the Adams Community Reinvestment Area, including a recommended increase in the project's budgeted tax increment capture from $10.8 million to $30.5 million tied to accelerated projected valuation growth.

Ogden City officials briefed the school board on a proposed expansion of the Adams Community Reinvestment Area (CRA), presenting possible development projects and a proposal to increase the CRA's budgeted tax increment capture.

David Sawyer, deputy executive director for Ogden City Community and Economic Development, and other city staff described a redevelopment area east of Washington Boulevard that the city created in 2018 with an initial projected increment of $10.8 million. City staff proposed increasing the district's shareable increment to $30.5 million by raising the project's forecasted total taxable value from about $95 million to $133 million (city projection), while keeping the CRA termination date unchanged. The city said it is not asking the school district to extend the term but to increase the budgeted increment the redevelopment agency may capture.

Why it matters: the school district and other taxing entities participate in tax increment financing (TIF) for redevelopment districts; those TIF dollars are typically captured from future valuation…

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