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South Salt Lake plan ties parks projects to impact fees, RDA, grants and possible bonds
Summary
The Parks Plan directs city staff to update the Impact Fee Analysis and pursue grant, RDA and HTRZ resources; it notes the city's five-year capital spending at $5.6M and suggests voter-approved bonds for larger projects.
The adopted Parks Plan lays out a funding framework that combines impact fee updates, external grants, Redevelopment Agency (RDA) tax-increment financing and the Housing Transit Reinvestment Zone (HTRZ). The plan recommends updating the Impact Fee Analysis (IFA) and the Impact Fee Facilities Plan (IFFP) to align developer contributions with the new project list.
The document cites current fiscal context and comparisons: five-year capital improvement spending is listed at $5.6 million for South Salt Lake versus a $6.5 million peer median; operating expenditures per capita are reported as $55.24 (peer median $114.81). The plan also identifies voter-approved General Obligation bonds and dedicated operational levies as options for large capital and ongoing operational needs.
