Inland Port Authority interlocal agreement
Contract among Salt Lake City, its Redevelopment Agency and the Utah Inland Port Authority required by 2022 state law by Dec. 31, 2022, setting how city-generated property tax increment is spent on environmental and community mitigation, 10% for affordable housing, and land use application processing.
- Where it stands
- In review
- Type
- Development agreement
- Location
- Utah Inland Port Authority jurisdiction, Northwest Quadrant
Every hearing and vote
October 11, 2022 · City Council work session
Interlocal agreement with the Utah Inland Port Authority
Discussed
The Council was briefed on a contract among the city, the Redevelopment Agency and the Utah Inland Port Authority required by a 2022 state law (HB 443) to be signed by Dec. 31, 2022. The Mayor called it five years in the making and said it keeps the city's 10% of tax increment for affordable housing and commits studies and mitigation priorities. The City Attorney said, under the law, the authority's share of city-generated increment becomes 25% for 25 years plus an additional 40% in the first tax year after January 2023 that steps down 2% a year, with mitigation money split 40% environmental, 40% community and 20% economic development; the city must supply a staff contact for land use applications and consultants will assess community and health impacts. Council Member Puy raised including the area east of the rail lines in community mitigation, Council Member Fowler asked about amending the contract later, and Council Member Dugan asked who controls mitigation spending. Puy credited Council Member Petro-Eschler for west-side advocacy. A vote was set for Oct. 18.