Mid-Valley CRA Participation Agreement With Terra Smith's

The Eagle Mountain Redevelopment Agency is considering approval of the Mid-Valley CRA Participation Agreement with Terra Smith's Eagle Mountain, LLC and Eagle Mountain City to govern the use and distribution of tax increment financing for a 53-acre commercial retail project area. The agreement aligns with a project budget that dedicates 55% of new sales tax revenue to retire a TIF bond funding off-site infrastructure, with incentives ending within 20 years of the first building’s completion.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Incentives conclude after 20 years or fewer starting at completion of the first building

Renewal

Incentive period for tax increment financing within the Mid-Valley CRA is limited to 20 years or fewer from completion of the first building; no automatic renewals are described.

Document type

Agenda

Source document

Eagle Mountain Redevelopment Agency Board Meeting Agenda 2026-08-18

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Eagle Mountain City Council Agenda 2026-08-18

APPROVED

City of Eagle Mountain, UtahAug 18, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Eagle Mountain?

Terra Smith's Eagle Mountain Llc was awarded this financial services contract by City of Eagle Mountain, as recorded on August 18, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Eagle Mountain Redevelopment Agency Board Meeting Agenda 2026-08-18 (Agenda), dated August 18, 2026 from City of Eagle Mountain. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Terra Smith's Eagle Mountain Llc hold?

Terra Smith's Eagle Mountain Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is City of Eagle Mountain currently buying?

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