FINANCIAL_SERVICESPENDING

Salt Lake City Community Reinvestment Agency Board Meeting Agenda April 14, 2026

Board weighs revised tax increment deal for Pickle & Hide

Up to $6,094,254 (proposed reductions under consideration to $5,078,545, $4,062,836, or $5,417,115, or $5,870,798 depending on participation level)City of Salt LakeMOUNTAIN WEST DEVELOPMENT LLCApril 14, 2026

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Description

The Salt Lake City Community Reinvestment Agency Board is considering modifications to a Tax Increment Reimbursement Agreement with Mountain West Development LLC for the Pickle & Hide mixed-use project in the 900 South HTRZ. The proposal would adjust the reimbursement participation rate, reduce the maximum reimbursement amount from the originally approved $6,094,254, and potentially alter sustainability-related waivers and conditions following demolition of the historic Utah Pickle Co. building.

Contract Details

Contract Amount

Up to $6,094,254 (proposed reductions under consideration to $5,078,545, $4,062,836, or $5,417,115, or $5,870,798 depending on participation level)

Vendor

MOUNTAIN WEST DEVELOPMENT LLC

Agency

City of Salt Lake, UT

Contract Type

FINANCIAL_SERVICES

Document Date

April 14, 2026

Contract Term

15 years or the remaining collection years of the 900 South HTRZ, whichever is less

Renewal Info

Initial term is up to 15 years or the remaining HTRZ collection period; no explicit renewal options are described. Any future changes would require Board approval and an amended reimbursement agreement.