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Redevelopment agency extends deadline in participation agreement for Red Sky Sandy LLC; board approves second amendment
Summary
The Sandy City Redevelopment Agency approved a second amendment to its tax increment participation agreement with Red Sky Sandy LLC, extending the closing and permit timeline to July 1 to allow the developer additional time to finalize construction financing.
The Sandy City Redevelopment Agency voted to authorize a second amendment to the tax increment participation agreement with Red Sky Sandy LLC on March 11, giving the developer additional time to close construction financing and obtain permits.
Casey Dunlavy, the city’s economic development director, told the board the amendment would extend a previously granted March 15 deadline to…
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