City Endorses Developer Deal for Inland Port Project
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Description
Blanding City Council endorsed a developer agreement with B3 for an Inland Port-related project, allowing up to $151,000 in city in-kind contributions to support a state tax credit application. The city is expected to recoup four times the value over the project term via the Incentive capture area.
Contract Details
Contract Amount
in-kind donations up to $151,000, fully reimbursed
Vendor
B3
Agency
City of Blanding, UT
Contract Type
OTHER
Document Date
February 24, 2026
Contract Term
return yield for 20 years projected
Renewal Date
2046-02-10
Renewal Info
Final resolution action pending; the agreement structure may allow additional similar agreements in the future. Term corresponds to Inland Port returns (approx. 20 years).
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