Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council flags need for interlocal agreement before committing to tax-increment financing for Far West project
Summary
Council members discussed public-infrastructure financing tools (PID, tax increment/CRA) and emphasized that interlocal agreements with neighboring Marriott Slaterville must be negotiated before any city commitments to share tax‑increment revenue or to participate in large-scale financing.
At the Dec. 5 meeting, council members asked staff to clarify how public-infrastructure financing (for example, a public infrastructure district (PID) or tax-increment financing/CRA) would work across municipal boundaries and whether the city is committing to participate.
Staff responded that any PID or CRA would require separate processes and interlocal negotiations between the cities, and that the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
