RDA Approves Additional Reimbursements for Tremont Center LLC
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Description
On May 21, 2024, Tremonton City RDA approved over $307,000 in new expenses for Tremont Center, LLC, including interest, legal, and canal company fees, bringing total reimbursable primary improvement costs to over $1.2 million.
Contract Details
Contract Amount
$290,328 (interest), $5,303 (attorney fees), $12,145.67 (Canal Company fees); total of $1,205,882.22 in eligible expenses as of April 30, 2024
Vendor
TREMONT CENTER LLC
Agency
City of Tremonton, UT
Contract Type
CONSTRUCTION
Document Date
June 2, 2025
Contract Term
Approved expenses up to April 30, 2024; reimbursement per ongoing project schedule
Renewal Date
2033-06-01
Renewal Info
Future eligible expenses will continue to be considered until developer's reimbursement cap is exhausted or collection period concludes.
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