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Council extends ERA deadline for GDC on personal property while finding real-property compliance
Summary
After hearing from company representatives, the council found GDC compliant for its real-property investment and extended the personal-property Economic Revitalization Area deadline to Dec. 31, 2027, to allow completion of equipment investments.
The council considered a revised resolution (26-R-41r) addressing GDC Lehi LAM corporation’s compliance with its statement of benefits after annexation into the city. Staff said GDC completed real-property investment and added jobs, but personal-property investments remained in process; staff recommended a ruling that would find the company compliant for real property while extending the ERA deadline for personal property to Dec. 31, 2027.
A company representative said the site increased employment from about 40 to 144 within a year and committed to additional personal-property investment if the extension is granted. The council voted unanimously to find GDC in compliance on real property and to extend the ERA for personal property to 12/31/2027.
