Tremonton City Agency Report 2024 Tax Increment Year
Tremonton City Capital Contributions to RDA Pending Reimbursement
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Description
Tremonton City provided nearly $2 million in capital contributions to its RDA to support early improvement projects, with resolutions stipulating future reimbursement without interest after tax increment goals for the developer are met.
Contract Details
Contract Amount
$1,939,755 (capital contributions)
Vendor
TREMONTON CITY
Agency
City of Tremonton, UT
Contract Type
FINANCIAL_SERVICES
Document Date
June 2, 2025
Contract Term
Reimbursement eligible after developer obligations are fulfilled; amounts contributed between 2016 and 2022
Renewal Info
Reimbursement occurs after developer reimbursement obligations are satisfied and as tax increment allows; no interest on contributions. Amounts and eligible expenses are tracked by fiscal year.
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