RDA Proposed

Bobbie Bicknell Coray, reporter
Rich Civic Times

GARDEN CITY, Utah.  December 8, 2016.  The Garden City Council approved an interlocal agreement between Water’s Edge and the town of Garden City for tax increment participation in  the Water’s Edge Community.  This creates an RDA project boundary with Water’s Edge which is a mechanism to help the city develop an area and create incentives for business location.   The last one approved was nearly 20 years ago at Harbor Village.  It is now coming to the end of its term and the city is looking to create another economic development tool.

Instead of the tax dollars going to the schools, county and other entities it goes  to the RDA.  This year the city will receive $100,000 from the Harbor Village RDA.  About 20% of that money will be used for projects in the city and the other 80% will that goes to economic development projects within the RDA. Last year the 75 North parking lot was built using RDA money.

Because the tax dollars are suspended for a negotiated period of time up to 20 years, the school district must sign off on it so those property tax dollars come back to the RDA.