Compass Pointe and Sanctuary letter of intent
A non-binding letter of intent that would frame a development agreement for Compass Pointe and Sanctuary, discussed June 29, 2021. The Redevelopment Agency would still need to approve any tax increment.
- Where it stands
- In review
- Type
- Development agreement
- Location
- Lehi (location not stated in minutes)
Every hearing and vote
June 29, 2021 · City Council
Letter of intent for Compass Pointe and Sanctuary
Discussed
Marlin Eldred told the council the non-binding letter of intent would be the framework for a development agreement and states the city will negotiate in good faith. He said the Redevelopment Agency would still need to approve any tax increment. No vote was taken.