University Place Tax Increment Agreement Extended
City of OremCity · Orem, UT- Document date
- May 11, 2021
The 30-second brief
The Orem Redevelopment Agency amended its participation agreement with University Shopping Center, L.C., extending tax increment collection for the University Place Project Area from 20 to 22 years. The change responds to COVID-19-related construction delays and market impacts.
University Shopping Center Lc holds this contract with City of Orem.
Term as filed: Tax increment collection period extended from 20 to 22 years.
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Contract details
- Document date
- May 11, 2021
- Term
- Tax increment collection period extended from 20 to 22 years
- Agency
- City of Orem
- Source document
- city_council_meeting_agenda_may_11_2021.pdf (Agenda)
University Shopping Center Lc's other public contracts
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Questions about this contract
Who was awarded the government contract by City of Orem?
University Shopping Center Lc was awarded this government contract by City of Orem, as recorded on May 11, 2021.
What type of contract is this?
This is a government contract, documented as a agenda record.
Where was this contract approved?
This contract appears in city_council_meeting_agenda_may_11_2021.pdf (Agenda), dated May 11, 2021 from City of Orem. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
What other contracts does University Shopping Center Lc hold?
University Shopping Center Lc 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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