Kaysville delays decision on community reinvestment area after packed public hearing

Kaysville — The Kaysville City Council voted Jan. 2 to postpone a decision on an interlocal agreement that would let the Kaysville Redevelopment Agency collect tax-increment revenues for a proposed Kaysville City Center community reinvestment area (CRA), citing resident concerns and the need for additional outreach.

The postponement came after a lengthy staff presentation and about two hours of public comment. Council members said they will return to the item at their Jan. 16 meeting to give residents and taxing entities more time to review the plan and ask questions.

City Community Development Director Melinda (last name not stated) told the meeting the CRA proposal would not raise property tax rates and would not change zoning or force property owners to sell. She described how tax-increment financing works: the incremental growth above a base property valuation within a defined project area would be redirected to the redevelopment agency for a defined period to pay for public improvements and incentives. The proposed project area covers approximately 261.5 acres around Kaysville’s downtown and includes sections of Main Street, 200 North and parts of Flint Street.

Melinda said the agency projects it could receive about $5,100,000 in incremental revenues over 15 years under a realistic scenario and that county documents cap the agency’s receipts at $10,000,000 over the 15-year period. She said the city would propose to participate at a higher share—keeping 20 percent of…