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City of South Salt Lake Redevelopment Agency Agenda Packet 2026-05-27

dbUrban secures $500K HTRZ participation contract for aQui 2194

$500,475City of South Salt LakeDUSTY BAKER COMMUNITIES LLC DBA DBURBANMay 27, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

The Redevelopment Agency of South Salt Lake approved a tax increment participation agreement with Dusty Baker Communities, LLC, aka/dbUrban, allocating $500,475 for the aQui 2194 mixed-use, affordable housing development within the HTRZ. The 15-year agreement reimburses eligible public infrastructure costs contingent on project completion.

Contract Details

Contract Amount

$500,475

Vendor

DUSTY BAKER COMMUNITIES LLC DBA DBURBAN

Agency

City of South Salt Lake, UT

Contract Type

OTHER

Document Date

May 27, 2026

Contract Term

Through the fifteenth (15) year following the year the Mixed-Use Project appears fully assessed on the Salt Lake County Tax Rolls.

Renewal Date

2046-12-31

Renewal Info

Agreement lasts 15 years after project fully assessed; Agency may terminate if construction does not commence per deadline. Repayment required for unmet milestones; waived if project is completed on time. Changes require written amendment by both parties.

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