dbUrban secures $500K HTRZ participation contract for aQui 2194
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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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