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Pleasant Grove RDA adopts tentative FY2025–26 budget, cites tax‑increment funding for Gateway, Grove Tower and 1300 West/doTERRA
Summary
The Pleasant Grove Redevelopment Agency adopted Resolution 2025-01RDA to approve its tentative FY2025–2026 budget after a presentation from Finance Director Denise Roy outlining use of tax‑increment revenues for specific redevelopment projects.
The Pleasant Grove City Redevelopment Agency unanimously adopted Resolution 2025‑01RDA on May 6, 2025, approving the agency’s tentative budget for fiscal year 2025–2026. Finance Director Denise Roy presented the budget and said the RDA fund “collected tax increment revenues for various City projects such as the Gateway project, Grove Tower and 1300 West/doTERRA.”
Roy told the board that the RDA’s agreements with those project entities require formal budget adoption and that, when tax‑increment revenue is received from Utah County property tax, the amounts will be paid to the entities identified in the agreements. Board Member Cyd LeMone moved to adopt the resolution and Board Member Eric Jensen seconded. Voting was recorded as: Dianna Andersen not present; Steve Rogers, Yes; Eric Jensen, Yes; Cyd LeMone, Yes; and Todd Williams, Yes. The motion carried unanimously.
The tentative budget adoption formalizes the RDA’s plan to allocate tax‑increment financing to ongoing redevelopment projects and satisfies the procedural requirements of the agency’s agreements. No dollar totals or line‑item details were reported in the meeting record provided; additional budget documentation is maintained in the City Recorder’s office.
