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RDA board reviews redevelopment fund balances and weighs housing incentives for two proposed projects
Summary
Bluffdale's RDA reviewed balances in three project areas, discussed timing and restrictions (including a 20% low/moderate-income housing set-aside and encumbrance deadlines), and debated incentives for two housing proposals (Dakota Pacific and Centrum) while asking staff to continue negotiations and return with participation-agreement details.
The Bluffdale Redevelopment Agency (RDA) met during the council session to review the status of three redevelopment project areas and to discuss options for using tax-increment funds that are subject to statutory restrictions and expiration timelines.
Staff reported an estimated fund balance of about $30 million in the Eastern Bluffdale area and roughly $6.4 million in Jordan Narrows as of June 30, with tax-increment receipts projected for the coming fiscal year (staff estimated the Eastern Bluffdale tax revenue before admin…
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