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Spanish Fork seeks county support for large industrial community reinvestment area
Summary
Spanish Fork officials urged the Utah County Commission to help create a community reinvestment area to fund major infrastructure — roads, water and high-capacity power — that developers say is needed to attract hundreds of thousands of square feet of nonresidential projects.
Spanish Fork Mayor Mike Mendenhall and city staff asked the Utah County Commission to explore an interlocal agreement and creation of a community reinvestment area (CRA) that would let the city and other taxing entities use tax-increment financing to reimburse developers for upfront infrastructure costs. "Plan regionally and still act locally," Mendenhall said as he introduced city staff and framed the proposal as a long-term, regional planning opportunity.
The request centers on a large industrial site in Spanish Fork where developers have expressed interest in building manufacturing, warehouse and professional office space but where essential utilities and roads do not yet exist. City presenters said…
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