NOTICE OF PUBLIC HEARING - CDRA Budget Amendment

NOTICE OF PUBLIC HEARING

Notice is given that the Community Development and Renewal Agency of Santaquin City will hold a Public Hearing on February 7, 2023, at 7:00 PM, or as soon thereafter as the agenda permits, at Santaquin City Hall at 275 W. Main Street, Santaquin, UT 84655. Copies of the affected project area boundaries may be requested by mail at the same address.

The public is invited to participate in person or view electronically through the following website address: https://www.youtube.com/channel/UCTzZT_yW2H2Hd-58M2_ddSw.

The purpose of the Public Hearing numbered below is to receive public input for the consideration of the Board:

1. Amendment of the FY2022-23 Budget for the Community Development and Renewal Agency of Santaquin City.

The Agency has requested a maximum of $1,000,000 in local option sales tax increment and $0.00 in property tax revenues over a period of twenty years that may be generated by development within the Proposed Project Area to fund a portion of project costs within the Proposed Project Area. These tax revenues will be used for infrastructure and economic development purposes. These taxes will be taxes levied by the Santaquin City as its local option sales tax. All of the property taxes to be paid to the Agency for the development in the Proposed Project Area are taxes that will be generated only if the project area is developed.

Certificate of Posting

The undersigned duly appointed City Recorder/Clerk for the municipality of Santaquin hereby certifies that a copy of the foregoing notice was posted in accordance with Utah State Code 10-6-113, for the amendment of the budget for the Community Development and Renewal Agency and its associated Enterprise Fund Transfers and posted in the following locations at least 7 days prior to the public hearing: (1) in three public places within the city; (2) On the Utah Public Notice Website created by Utah State Code 63A-12-201; (3) on the Home Page of the Website (www.Santaquin.org).

By:                         

        Amalie R. Ottley, Secretary/City Recorder