Salt Lake City Council Work Session Agenda April 21, 2026
City Plans Fortune Road Right-of-Way Sale to Thatcher
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Description
Salt Lake City is considering vacating a portion of Fortune Road and selling the right-of-way to Thatcher Company Inc. at fair market value so the firm can consolidate its chemical manufacturing campus. The ordinance requires easements for utilities and fire access and gives the applicant one year after adoption to satisfy all purchase and consolidation conditions.
Contract Details
Contract Amount
Fair market value of vacated Fortune Road right-of-way (46,827.7 sq ft / 1.075 acres)
Vendor
THATCHER COMPANY INC
Agency
City of Salt Lake, UT
Contract Type
FACILITIES
Document Date
April 21, 2026
Renewal Info
One-year window after ordinance adoption for Thatcher Company Inc. to satisfy payment, consolidation, and easement conditions; City Council may extend by resolution for good cause. If unmet, the vacation ordinance becomes null and void.
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