Lehi Redevelopment Agency Meeting Agenda May 2026
Lehi RDA weighs HTRZ deal for Thanksgiving Station
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Description
The Lehi Redevelopment Agency is considering Resolution R2026-03 to enter an HTRZ Participation Agreement with Thanksgiving Station Development Partners LLC for a 26‑acre mixed-use project. The agreement would share 80% of project-generated tax increment per phase for up to 25 years each, within a 45-year total collection period.
Contract Details
Vendor
THANKSGIVING POINT STATION DEVELOPMENT PARTNERS LLC
Agency
City of Lehi, UT
Contract Type
OTHER
Document Date
May 9, 2026
Contract Term
Up to 25 years of tax increment per phase, maximum 45-year total collection period starting no later than January 1, 2028
Renewal Date
2072-12-31
Renewal Info
Each phase receives tax increment reimbursement for a 25-year Increment Period beginning with its Trigger Year, within a maximum 45-year total collection period ending no later than December 31, 2072; no renewals beyond statute.
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