OTHERAMENDED

CRA Modernizes Tax Increment Deal with Mountain West Development

Salt Lake City's CRA Board approved amendments to its Tax Increment Reimbursement Agreement with Mountain West Development, LLC for the Pickle & Hide mixed-use project. The revised terms reduce the maximum property tax reimbursement to $5,078,545, maintain a 90% annual reimbursement, and acknowledge project scope changes after demolition of the original building.

Status
AMENDED
Document date
April 14, 2026
Contract type
OTHER
Vendor
Mountain West Development Llc
Agency
Salt Lake City Corporation · UT

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TerraCycle logo
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WithersRavenel logo
Derivita logo
Comcate logo
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TerraCycle logo
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WithersRavenel logo
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Scope & details

The full contract record, as filed.

Contract amount
Maximum reimbursement amount $5,078,545 (reduced from prior amount); up to 90% of tax increment annually, effective distribution reduced to approx. 75%
Contract type
OTHER
Renewal
Original agreement approved March 18, 2025. Current amendment (April 14, 2026) reduces reimbursement limits and includes new participation/waiver clauses.
Document type
Minutes
Source document
Community Reinvestment Agency of Salt Lake City Minutes 2026-04-14

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the government contract by Salt Lake City Corporation?

Mountain West Development Llc was awarded this government contract by Salt Lake City Corporation, as recorded on April 14, 2026. The contract value is Maximum reimbursement amount $5,078,545 (reduced from prior amount); up to 90% of tax increment annually, effective distribution reduced to approx. 75%.

How much is the Mountain West Development Llc contract with Salt Lake City Corporation worth?

The Mountain West Development Llc contract with Salt Lake City Corporation is valued at Maximum reimbursement amount $5,078,545 (reduced from prior amount); up to 90% of tax increment annually, effective distribution reduced to approx. 75%.

What type of contract is this?

This is a government contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Community Reinvestment Agency of Salt Lake City Minutes 2026-04-14 (Minutes), dated April 14, 2026 from Salt Lake City Corporation. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Mountain West Development Llc hold?

Mountain West Development 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 Salt Lake City Corporation currently buying?

Explore Salt Lake City Corporation's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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