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Commission approves interlocal tax-increment agreement to support Eagle Mountain Tyson project
Summary
The commission adopted a capped interlocal tax-increment agreement with Eagle Mountain RDA to support infrastructure for a proposed Tyson Foods facility on about 80 acres; the package uses a 60% tax-increment share to the agency with an approximate county cap of $1.28 million and includes planned follow-up negotiations on a related road agreement.
The Utah County Commission approved a resolution authorizing an interlocal agreement with the Eagle Mountain Redevelopment Agency to support infrastructure for a proposed Tyson Foods facility in the Pole Canyon area.
RDA and city staff described the project as roughly $300 million in private investment on 80 acres that would generate property- and sales-tax revenue; the proposed interlocal provides up to 60% of tax-increment revenue to the agency over the project period with an anticipated county cap of about $1.28 million. The RDA said the package also contemplates a separate agreement allocating tax increment toward road construction and maintenance among Eagle Mountain, Cedar Fort and Utah County; that road agreement was not finalized at the time of the vote.
Commissioners asked for clarity on trigger years, the base and capture period, and how donated land and non-cash commitments by the developer and school district affect participation percentages. County and RDA staff said donated land and project commitments lower the district’s net percentage in practice and that a separate road funding agreement would be returned for approval. After discussion, commissioners approved the interlocal agreement 3–0.
