Ogden's redevelopment agency owes $3.67 million on overdue loans from city funds

Ogden's redevelopment agency owed $3,666,356 at June 30, 2025, on three loans from other city funds that are past their original due dates, according to the city's fiscal 2025 annual financial report. ^[1]

The largest is a $2,042,191 loan from the refuse fund used for the Ogden River project area. It was originally due by June 30, 2016. The report says full repayment is uncertain, the city will likely need to record an allowance, and any unpaid amount when the area expires on Dec. 31, 2029, would be forgiven by formal City Council action. ^[1]

A $1,124,165 loan from the sanitary sewer fund was due Dec. 6, 2021. The note describes it as related to a property transaction in the Continental project area; the loan table lists it under "Redevelopment Agency - 25th Street." ^[1] Management anticipates recording an allowance for part of it, and the city expects to ask for forgiveness of any amount unpaid when the area ends on Dec. 31, 2041. ^[1]

A $500,000 general fund loan for land purchases was due May 27, 2018. "City management does not expect full recovery of the loan," the report says. Any amount left when the Central Business District area expires on Dec. 30, 2028, will be forgiven by formal City Council action. ^[1]

Proposed extensions

For each of the three loans, the report says city administration plans to ask the council to extend the due date to the end of the related project area so tax increment can be applied. ^[1] The general fund also had a $230,863 loan outstanding to a nonmajor enterprise fund, which the report labels the Airport Fund; its terms call for annual budgeted payments. ^[1]