Sandy's six redevelopment areas had $6.84 million in tax increment entitlements for tax year 2025

The Salt Lake County Auditor's report on Community Reinvestment Agency Act project areas, dated March 25, 2026, lists six Sandy project areas with a total of $6,836,539 in current-year tax increment entitled for tax year 2025. ^[1]

Assessed value in the six areas totals $1,063,091,829 against a base taxable value of $44,289,540. The report's full tax increment column totals $8,299,683, and its agency annual report estimate column totals $6,294,272. ^[1]

By project area, tax year 2025

Entitled amounts: Civic Center North, $3,443,642; Sandy TOD Community Development, $1,841,466; Civic Center South, $782,325; 11400 South Community Development, $606,758; 9400 South Community Development, $115,911; Union Heights Community Development, $46,437. ^[1]

The report shows after prior-year adjustments an entitled amount of $6,608,345, with a prior-year adjustment correction of $228,194. ^[1]

Agency fund, FY2024

Sandy's audited FY2024 report shows the Redevelopment Agency's fund balance at $45,798,200 on June 30, 2024. ^[2]

Financing tied to the agency, 2021 to 2023

On Oct. 19, 2021, the council took up a resolution for transient room tax and sales tax revenue refunding bonds, Series 2021, of not more than $18,000,000, to refund the 2007 soccer stadium bonds, with a pledge of city sales tax revenue if other revenues fall short. The minutes record the action as adopted without a tally. ^[3]

On Nov. 16, 2021, the council approved a State Infrastructure Bank loan agreement with the Utah Department of Transportation of not more than $15,000,000. The minutes do not state the project. ^[4]

On Feb. 21, 2023, the council approved Resolution 23-08C, a State Infrastructure Bank loan of $5,300,000 over 15 years at 3.25 percent interest for the Gardner development project, repaid through a Redevelopment Agency tax increment pledge. ^[5]

Not retrieved

The Ledger could not retrieve the agency's own annual report, project-area caps or participation agreements, so amounts remaining under any cap are not reported.