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Council approves amendment to sales tax increment agreement for Commons at Herriman Town Center
Summary
The Herriman City Council approved a first amendment to the sales tax increment participation agreement with Elevated Acquisitions LLC for the Commons at Herriman Town Center. One councilmember voted against the resolution, citing concern the amendment allows reimbursements to be assigned to entities that may not generate sales tax.
Herriman City Council on April 9 approved a first amendment to the sales tax increment participation agreement with Elevated Acquisitions LLC for the Commons at Herriman Town Center, a retail-focused development at the corner by the CVS on 130 Fourth and Mountain View Corridor. Council recorded the motion as Resolution R2025-02; the motion carried with a single dissenting vote.
Staff said the amendment makes a small, redlined change requested by the developer to allow their financing partner to receive payment assignments from…
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