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RDA unanimously approves property-tax diversion to fund Old Fort Community Reinvestment Area
Summary
The South Weber City RDA voted unanimously Feb. 25 to approve Resolution 25-01, allowing participating taxing entities to divert a portion of property tax for ten years into the Old Fort Community Reinvestment Area to fund infrastructure for a recreational sales and storage facility.
South Weber City’s Community Development and Renewal Agency (RDA) voted Feb. 25 to approve RDA Resolution 25-01, authorizing a ten-year diversion of a portion of property tax revenue to the newly created Old Fort Community Reinvestment Area (CRA) to support infrastructure and other improvements for a planned recreational sales and storage facility.
"Board Member Petty moved to approve RDA Resolution 25-01: Diversion of Property Tax for a Community Reinvestment Project Area," the minutes record. The motion was seconded by Board Member Blair Halverson and passed in a roll call vote after the board reviewed interlocal cooperation agreements between the agency and six taxing entities.
Agency staff explained the CRA was created to assist development of the recreational sales and storage project and solicited each taxing entity to divert a portion of its property tax receipts for a ten-year period to fund infrastructure and related improvements. The board found the interlocal cooperation agreements "in order" before taking its vote.
All six board members present—Chairman Rod Westbroek and Board Members Jeremy Davis, Joel Dills, Blair Halverson, Angie Petty and Wayne Winsor—voted aye, and the resolution carried. The minutes do not list dollar amounts, percentages of tax diverted, or the identities of the six participating taxing entities.
