Herriman's redevelopment agency paid developers and two foundations in fiscal 2025

Herriman's Community Development and Renewal Agency managed five project areas at June 30, 2025, and paid tax increment and sales tax to private participants and to other taxing agencies under agreements disclosed in the city's audited financial statements. ^[1]

The amounts below are payments made in the year ended June 30, 2025. Caps are the maximum an agreement allows, not an amount owed. ^[1]

Anthem

Anthem Center LLC received $703,554 under an agreement to reimburse infrastructure improvements, capped at $11,660,300 and expiring June 30, 2041. It had received $2,032,749 under that agreement in earlier years. ^[1]

Anthem Center also received $163,251, the final payment due under a sales tax incentive agreement of up to $400,000, listed as an incentive for a major commercial retailer. ^[1]

Under mitigation agreements in the Anthem area, the agency paid $323,228 to the Jordan School District and $74,585 to Salt Lake County. ^[1]

Towne Center and Business Center

HTC Communities LLC received $1,565,886 for infrastructure and special assessment bond payment reimbursement. The table lists the agreement's maximum as $20,288,093 and its expiration as June 30, 2026. ^[1]

EPC Herriman LLC received $262,887 under a sales tax incentive agreement for The Commons at Herriman Towne Center that pays 50% of point-of-sale tax. Its $36,900,466 limit is shared with another agreement, and the table's expiration column reads "Aggregate Limit Reached." ^[1]

The Sorenson Legacy Foundation and Sorenson Impact Foundation together received $1,353,877 in the Business Center area. The statements say water, storm drain and transportation impact fees may be used if tax increment is not enough to reimburse the foundations for infrastructure; they do not report impact fees being used for that in fiscal 2025. The agreement is capped at $32,914,686 and expires June 30, 2041. ^[1]

North and Innovation District

In the Herriman North area, $13,910 was paid through Butterfield Commercial LLC under an agreement with eight property owners, capped at $200,000, tied to acquiring property interests for the extension of Herriman Main Street. ^[1]

Germain Marine, National Automall of Herriman and T. Johnson Management received nothing in fiscal 2025 under auto mall agreements with caps of $1.5 million, $8 million and $8 million. The statements say state law bars releasing sales tax information for a particular business. ^[1]

In the Innovation District area, the agency paid $147,123 to the Jordan School District and $17,791 to Salt Lake County. Herriman Industrial #1 received nothing; the statements say no project costs had been submitted. ^[1]

Two totals

The five area tables in the tax abatement note add up to $4,626,092 for fiscal 2025, including payments to the school district and county. The redevelopment agency note reports $4,638,880 in tax increment distributions, a difference of $12,788. The statements do not explain the difference. ^[1][2]

The agency note also reports $7,085,172 in tax increment collected from other taxing agencies and $5,942,000 in outstanding loans to finance agency projects. ^[2]