Lehi Redevelopment Agency Meeting Agenda May 2026
Lehi RDA considers HTRZ pact with STACK Soccer Field
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Description
The Lehi Redevelopment Agency is considering Resolution R2026-02 to approve an HTRZ Participation Agreement with STACK Soccer Field LLC for a 3.64‑acre multifamily housing project. The agreement would provide tax increment reimbursements based on 80% of project-generated increment over the defined increment period, contingent on affordable housing and other statutory conditions.
Contract Details
Vendor
STACK SOCCER FIELD LLC
Agency
City of Lehi, UT
Contract Type
OTHER
Document Date
May 9, 2026
Contract Term
Up to 25 years of tax increment collection tied to Trigger Year and Increment Period defined in agreement
Renewal Info
Tax increment reimbursement runs for a 25-year Increment Period beginning with the Trigger Year after a temporary certificate of occupancy, within an overall maximum 45-year HTRZ collection window; no automatic renewal beyond statutory period.
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