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.
In review
- Type
- Development agreement
- Location
- Lehi (location not stated in minutes)
In brief
Compass Pointe and Sanctuary letter of intent appears on one recorded agenda: the City Council meeting of June 29, 2021.
Follow the money and project delivery
Compass Pointe and Sanctuary letter of intent
- Council action
No approval or denial linked in the records collected.
- Money in the record
No itemized amount linked in the records collected.
- 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
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.