County records show three phases of Eagle Mountain's first Sweetwater data-center area, tax years 2024 and 2025
Utah County's year-end reports for tax years 2024 and 2025 list three Sweetwater #1 phases, triggered in 2021, 2023 and 2024, that send property tax increment to Eagle Mountain's Redevelopment Agency. The reports record what taxing entities' increment went to the agency, not what the agency paid any developer.
Continuing story: Auditing Eagle Mountain
Utah County's year-end reports for Eagle Mountain's Redevelopment Agency list three separate Sweetwater #1 projects, each with its own tax area and collection period. [1][2]
Our Oct. 15 story covered the data-center agreements and the agency's tax revenue. These county reports show how much increment each taxing entity's levy generated in each phase. [1][2]
Three phases
The year-end 2025 report, dated March 23, 2026, lists project 8604, Sweetwater #1, in tax area 038-0007, with a trigger year of 2021 and an end year of 2040. [1]
It lists project 8606, Sweetwater #1 phase 2, buildings 3 and 4, in tax area 038-0010, with a trigger year of 2023 and an end year of 2042. It lists project 8608, Sweetwater #1 phase 3, buildings 5 and 6, in tax area 038-0012, with a trigger year of 2024 and an end year of 2043. [1]
The year-end 2024 report, dated Feb. 18, 2025, lists the same three projects with the same tax areas, trigger years and end years. [2]
The city's levy
For year-end 2025, the report lists increment from Eagle Mountain City's levy of $183,358.38 for the first phase, $272,496.81 for phase 2 and $448,608.93 for phase 3, a total of $904,464.12. [1]
The year-end 2024 report lists $139,480.55, $338,847.73 and $457,053.08 for the same phases, a total of $935,381.36. [2]
Alpine School District's levy produced the largest amounts. The year-end 2025 report lists $1,948,268.63, $2,895,406.19 and $4,766,679.89 for the three phases. [1]
All five taxing entities, year-end 2024
The year-end 2024 report lists five taxing entities for each phase: Utah County, Alpine School District, Eagle Mountain City, Central Utah Water Conservancy District and the Unified Fire Service Area. Their amounts total $2,129,005.26 for the first phase, $5,172,108.89 for phase 2 and $6,976,373.43 for phase 3, or $14,277,487.58 combined. [2]
The year-end 2025 report prints the water conservancy district and fire service area twice for each phase, under slightly different names and with identical amounts. The Ledger has not totaled that year's rows. [1]
The agency's fiscal 2025 books
The city's audited fiscal 2025 report shows the Redevelopment Agency fund received $15,025,376 in taxes and $392,068 in interest in the year ended June 30, 2025. The fund covers all of the agency's project areas. [3]
The fund spent $13,481,748 on community development and recorded a $3,249,987 transfer out. Its fund balance fell from $2,304,983 to $990,692. [3]
The financial statement does not name the payees of the community development spending. [3]
County report figures are tax-increment amounts listed for the Redevelopment Agency by taxing entity and tax year. They are not payments to a developer, and they do not line up with the city's July-to-June fiscal year. The Ledger did not add the year-end 2025 water and fire rows, which the report prints twice.
Sources
- Utah County / Utah State Tax Commission · Year-end 2025 project increment paid by entity, Eagle Mountain agency 700 (March 23, 2026)
- Utah County / Utah State Tax Commission · Year-end 2024 project increment paid by entity, Eagle Mountain agency 700 (Feb. 18, 2025)
- Eagle Mountain City · FY2025 annual comprehensive financial report, governmental funds statement
Reporting by The Utah Ledger from the public records above. AI-assisted, checked against those records.