Tremonton City Agency Report 2024 Tax Increment Year
City Capital Contribution to RDA for Development Improvements
Trusted by teams at
Description
Tremonton City provided nearly $2 million in interest-free capital contributions to the RDA to accelerate community development projects. RDA must reimburse the City as tax increment becomes available, after developer commitments are fulfilled.
Contract Details
Contract Amount
$1,939,755 (aggregate capital contributions from FY2016–2022), includes $81,755.16 for right-of-way acquisition
Vendor
TREMONTON CITY
Agency
City of Tremonton, UT
Contract Type
FINANCIAL_SERVICES
Document Date
June 2, 2025
Contract Term
From initial contribution in 2016 until reimbursement after developer obligations met; interest-free
Renewal Date
2033-05-30
Renewal Info
Reimbursed interest-free only when and if tax increment exceeds developer reimbursement amounts; contributions tracked by resolution and fiscal year, to continue until full repayment or project fund limit/cap reached.
More from TREMONTON CITY
Related Contracts
Box Elder County Commission Meeting Minutes April 8 2026
APPROVEDBox Elder County Commission Meeting Minutes April 8 2026
APPROVEDBox Elder County Commission Meeting Minutes April 8 2026
APPROVEDbox-elder-county-commission-minutes-agricultural-protection-transient-room-tax-jun-11-2025_167.pdf
approvedTremonton City Agency Report 2024 Tax Increment Year
ONGOINGMore from City of Tremonton
city-of-tremonton-city-council-meeting-agenda-september-16-2025_105.pdf
city-of-tremonton-city-council-meeting-agenda-september-16-2025_105.pdf
Tremonton City Agency Report 2024 Tax Increment Year
Tremonton City Agency Report 2024 Tax Increment Year
Tremonton City Agency Report 2024 Tax Increment Year
Want to learn more?
Get alerts on contract renewals, new awards, and vendor activity.
Bring us your territory.
We'll show you what is forming.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.