Arbor Plaza Office Building purchase and bonds
City purchase of the 66,153-square-foot Arbor Plaza Office Building for $12 million to meet office needs of police, parks and recreation and the Arts Guild, using a $5 million Redevelopment Agency contribution and about $7.3 million of sales tax revenue bonds. The council set bond parameters Jan. 20, 2026 with a ceiling of $9 million, which also covers a Council Chambers remodel.
Approved
- Type
- Public project
- Applicant
- Sandy City Administration
- Location
- Arbor Plaza Office Building, south of City Hall
- City Council: Recess for the Redevelopment Agency board (RDA resolution 26-04 on Arbor building occupancy)
- City Council: Arbor Plaza Office Building purchase and bonding consent
- City Council: Arbor Plaza Office Building briefing
- City Council: Public hearing: Series 2026 bonds
- City Council: Resolution 26-05C: Arbor Building purchase and sales tax revenue bond parameters
In brief
Arbor Plaza Office Building purchase and bonds appears on 5 recorded agendas, from the City Council meeting of January 13, 2026 to the City Council meeting of April 21, 2026.
On record, it was approved 4 times.
The most recent decision was approved at the City Council meeting of April 21, 2026.
Follow the money and project delivery
Arbor Plaza Office Building purchase and bonds
- Council action
Approved: Recess for the Redevelopment Agency board (RDA resolution 26-04 on Arbor building occupancy) · Approved minutes Record → · April 21, 2026
- Money in the record
bond: $9.00 million — Series 2026 bonds (maximum) for Arbor Plaza acquisition and Council Chambers remodel; not more than 6.5% interest, 22 years Record → · Feb. 10, 2026
- Signed agreement and payments
Execution and project-level disbursements are not verified by this tracker. They require separate records; meeting approval alone does not establish either.
- Work and operating costs
Check the linked records for completion and recurring operating costs; this tracker does not verify them. Record →
Every hearing and vote
April 21, 2026 · City Council
Recess for the Redevelopment Agency board (RDA resolution 26-04 on Arbor building occupancy)
Approved
The RDA convened at 9:02 p.m. and the council reconvened at 9:19 p.m.
February 17, 2026 · City Council
Arbor Plaza Office Building purchase and bonding consent
Approved
Real Property Manager Dan Nelson gave an update and the council consented to the city proceeding with the purchase and related bonding by roll call; tally not recorded. No one spoke.
February 10, 2026 · City Council
Arbor Plaza Office Building briefing
Discussed
Real Property Manager Dan Nelson said the city is under contract to buy the building south of City Hall with closing set for March 2, 2026. The 2008 building has 66,153 square feet, about 52,309 leased and 13,844 vacant; city needs for police, parks and recreation and the Arts Guild total about 29,702 square feet.
February 10, 2026 · City Council
Public hearing: Series 2026 bonds
Discussed
Brian Kelley said the council's parameters are not to exceed $9 million, 6.5% interest and 22 years, with proceeds for the Arbor Plaza acquisition and a Council Chambers remodel. Fifteen financial institutions were solicited. Steve Van Maren questioned interest cost over 20 years and asked whether renting office space was considered.
January 20, 2026 · City Council
Resolution 26-05C: Arbor Building purchase and sales tax revenue bond parameters
Approved
Brian Kelley and bond counsel Randy Larsen said the purchase price is $12 million, with $5 million from the Redevelopment Agency and about $7.3 million to be borrowed. The due diligence deadline is Feb. 19, closing is planned for early March, a hearing is set for Feb. 10 and a 30-day contest period applies. Setting parameters does not obligate the city to buy or issue bonds. The council added the Council Chambers to the project and raised the ceiling to $8.5 million, then to $9 million by friendly amendment. Steve Van Maren said the process was moving too fast. Adopted with a $9 million ceiling; tally not recorded.
January 13, 2026 · City Council
Sandy City office space and Arbor Plaza Office Building
Approved
Real Property Manager Dan Nelson said the city has about 90,000 square feet of usable office space and projects a need of about 132,131. Police, Parks and Recreation and the Arts Guild need more room. Options included Arbor Plaza, Crescent View Middle School, the Post Office building and a Justice Court expansion; administration recommended Arbor Plaza, which the city is under contract to buy for $12 million. Administrative Services Director Brian Kelley reviewed three purchase scenarios, the timeline and bonding. The council voted unanimously to direct staff to place a bond parameters resolution on the next week's agenda.