Lehi's 2025 Morning Vista and Skye View deals cap the redevelopment agency's sales tax share at $7.9 million and $3.1 million

Lehi's redevelopment agency created two community reinvestment project areas in 2025 that are funded by sales tax from new businesses rather than property tax: Morning Vista in March and Skye View in August. ^[1][3][4][6]

Both budgets say the agency will request no real or personal property tax from any taxing entity. ^[1][4]

Morning Vista

The Morning Vista project area budget, dated March 18, 2025, describes higher-end restaurants, a retail center and multifamily housing on land that is vacant and lacks internal infrastructure. ^[1]

It gives the agency 100% of the city's 0.5% point-of-sale sales tax collected in the area for eight years, 80% for the next four and 60% for the last three, for 15 years or until the agency has received $7,927,672, whichever comes first. ^[1]

The city's notice of the matching interlocal agreement lists the same percentages and says the agreement is "not to exceed a budget amount of $7,927,672.00." ^[2]

The budget sets aside 3% for administration, $237,830, and 10% for low- to moderate-income housing, $792,767, and says both are part of the cap. ^[1]

It projects $110 million in development costs and expects the collection period to be triggered on or before Dec. 31, 2028. ^[1]

The March 2025 votes

On March 18, 2025, the agency board adopted the Morning Vista plan, budget and interlocal agreement and a development agreement with Traverse Retail Owner LLC, each by a 3-1 vote, according to the minutes. ^[3]

Paige Albrecht, Chris Condie and Heather Newall voted yes, Michelle Stallings voted no and Paul Hancock was excused. ^[3]

The motion on the development agreement directed staff to confirm that 11 low- to moderate-income units is the state minimum and amend the agreement if needed, and let the mayor sign an amended agreement with more than 11 units without returning to the board. ^[3]

The developer's representative said "the incentive is performance-based" and that the high-end grocery and dining components depend on it, the minutes say. ^[3]

Stallings "questioned why the city should forego future sales tax revenue to benefit a private developer," and a resident at the public hearing referred to an "$8 million tax subsidy" and said affordable housing may be "undercounted," according to the minutes. ^[3]

Skye View

The Skye View budget, dated Aug. 26, 2025, gives the agency 55% of Lehi's 0.5% point-of-sale sales tax from the area for 15 years or until it has collected $3,143,686, whichever comes first. ^[4]

The interlocal agreement in that night's packet says "the Agency shall be paid 55% for 15 years," and its notice sets the same $3,143,686 limit. ^[5]

The budget sets aside 10% for housing, $314,368, to be used within the Lehi Housing Authority, and lists $2.5 million for grading and $3 million for infrastructure as planned uses. ^[4][5]

The project area plan says payments "will first be made to Lehi City to reimburse the City's cost for any waived impact fees." ^[5]

The minutes describe retail and fitness facilities on 28.84 acres west of Center Street. ^[6]

The August 2025 votes

On Aug. 26, 2025, the board adopted the Skye View plan, budget and interlocal agreement and a development agreement with Gardner-Plumb and Equestrian Partners, each 4-1. ^[6]

Albrecht, Condie, Hancock and Newall voted yes and Stallings voted no; Stallings asked how the developer would use the tax incentive funds, the minutes say. ^[6]

The same night, the board approved an amendment to the Morning Vista development agreement, also 4-1 with Stallings opposed. The minutes record only the motion and vote. ^[6]

Differing figures in the budgets

The Morning Vista budget lists $5,227,200 for property acquisition among its uses of funds, while another section says the agency does not own and does not plan to purchase property. ^[1]

The Skye View budget gives the area's base taxable value as $15,232,531 in one section and $15,252,531 in another, and projects $91 million in investment in one section and $109 million in development costs in another. ^[4]