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Commission defers decision on tax‑abatement request for mixed‑use project at 848 Farmington Avenue
Summary
The Economic Development Commission reviewed a developer request to expand a tax‑abatement payment tied to housing at 848 Farmington Avenue in Lehi, questioned whether the town's mixed‑use definition covers multifamily residential, and agreed to defer action pending counsel guidance and town‑council consideration.
The Economic Development Commission discussed a preliminary request for tax‑abatement payment tied to housing proposed at 848 Farmington Avenue in Lehi. The Director told the Commission the developer has built phase one (three buildings) and may sell those buildings while retaining later phases, and that the developer has asked for an adjustment because construction costs have increased about 15 percent. The Director said staff received a revision to limit the town’s exposure by tying abatement eligibility to a $3,000,000 threshold and that the request is still a preliminary submission rather than a finalized application.
Commissioners focused on interpretation of the town’s tax‑abatement statute and whether the residential portion of a mixed‑use development qualifies when portions are sold. As the Director summarized, “still offering the tax abatement, but you've seen it to the $3,000,000 threshold.” Commissioners agreed not to take a formal vote at the meeting; rather, counsel will provide written guidance on eligibility and suggested language, and staff will bring the item to the town council for further action (the Director noted an upcoming council meeting date).
