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Notice of Hearing
Community Reinvestment Project Area
PORTER-WALTON COMMUNITY REINVESTMENT PROJECT AREA
On September 7, 2021 the Redevelopment Agency of Centerville City (the “Agency”), by resolution, authorized the preparation of drafts of a Project Area Plan and a Project Area Budget (the “Draft Plan & Budget”) for the Porter-Walton Community Reinvestment Area (the “CRA”). The Draft Plan and Budget provides, among other things, an evaluation of appropriate land uses and economic and community development forecasts for the land encompassed by the CRA. The Draft Plan and Budget also sets forth the aims and objectives of the anticipated new development, including its scope, its mechanism, and its value to the residents of the city of Centerville (the “City”) and other taxing districts.
The Agency has requested $677,445 in property tax incremental revenues that will be generated by development within the CRA to fund a portion of the project development costs within the CRA, as outlined in the Project Area Plan. These property tax revenues will be used for the following:
Uses of Tax Increment
NPV at 4.00%
Redevelopment Activities @ 87%
CRA Housing Requirement @ 10%
Project Area Administration @ 3%
County Administration @ 3% (County’s Funds Only)
Total Uses of Tax Increment Funds
These property tax revenues are a result from an increase in valuation of property within the Project Area and will be paid to the Agency rather than to the taxing entity to which the tax revenue would otherwise have been paid if one or more of the taxing entities below agree to share the property tax increase under an interlocal agreement. The property taxes will be levied by the following governmental entities, and, assuming current tax rates, the taxes paid to the Agency for this CRA from each taxing entity will be as following:
Sources of Tax Increment Funds
Davis County Library
Davis School District
Weber Basin Water Conservancy District
Mosquito Abatement District – Davis
South Davis Sewer District
South Davis Recreation District
South Davis Metro Fire Service Area
Total Sources of Tax Increment Funds
All of the property tax increment to be paid to the Agency for the development in the CRA are taxes that will be generated only if the CRA is developed.
The Draft Plan and Budget for the Proposed Project Area have been prepared and the Agency gives notice that a public hearing on the Draft Plan and Budget will be held on December 7, 2021 at 5:30 p.m., or as soon thereafter as feasible, at the City’s offices located at 250 N. Main Street, Centerville, Utah (the “City Offices”) or Via Virtual Meeting. At the public hearing, the Agency will hear public comment on and objections, if any, to the Draft Plan and Budget, including whether the Draft Plan and Budget should be revised, approved, or rejected. The Agency will also receive all written objections, if any, to the Draft Plan and Budget. The Agency also invites public comments in support of the Draft Plan and Budget. All interested persons are invited to submit to the Agency comments on the Draft Plan and Budget before the date of the hearing. Any person objecting to the Draft Plan and Budget or contesting the regularity of any of the proceedings to adopt the Draft Plan and Budget may appear before the Agency’s governing board at the hearing to show cause why the Draft Plan and Budget should not be adopted.
Copies of the Draft Plan and Budget are available for inspection at the City Offices at at 250 N. Main Street, Centerville, Utah during regular office hours. Any interested person wishing to meet and discuss the Draft Plan and Budget before the hearing may contact the Agency at the City Offices at (801) 295-3477 to set up an appointment.
All concerned citizens are invited to attend the hearing on the Draft Plan and Budget scheduled for 5:30 p.m. on December 7, 2021 at the City Offices and/or to submit comments to the Agency before December 7, 2021, the date of the hearing.
In compliance with the Americans with Disabilities Act, the City and the Agency will make efforts to provide reasonable accommodations to disabled members of the public in accessing the public hearing. Please contact the City at (801) 295-3477, at least 24 hours in advance of the meeting to request such accommodations.
PORTER-WALTON COMMUNITY REINVESTMENT PROJECT AREA BOUNDARY DESCRIPTION
BEG AT A PT 111.8908734°W 40.9130596°N (NAD 1983 (2011) StatePlane Utah North FIPS 4301 (US Feet)) TH E 502 FT; TH S 664 FT’ TH E 546 FT; TH S 354 FT; TH W 555 FT; TH N 43 FT; TH W 279 FT; TH S 93 FT; TH W 217 FT; TH N 1060 FT TO POB. The above described area contains 14.17 acres, more, or less.
Contains the following parcels: 030010206, 030010038, 030010159, 030010171, 030010043, 030010202, and 030010031
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