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CHRIS HARDING CPA, CFE, CIA Salt Lake County Auditor RICHARD JAUSSI Chief Deputy Auditor ROSWELL ROGERS Policy Advisor OFFICE OF THE SALT LAKE COUNTY AUDITOR 2001 S State Street, N3-300 PO Box 144575 Salt Lake City, UT 84114-4575 [PHONE REDACTED] I TTY 711 RMarch 31, 2024 Millcreek City Community Reinvestment Agency Michael Winder, City Manager & Economic Development Director 3330 South 1300 East Millcreek, UT 84106 Dear Michael Winder, Pursuant to Utah Code Ann. § 17C-1-606 of the “Community Reinvestment Agency Act,” the Office of the Salt Lake County Auditor has prepared the enclosed reports which include: The total assessed property value within each project area for the previous tax year. The base taxable value of each project area for the previous tax year. The tax increment available to be paid to the agency for the previous tax year. The tax increment requested by the agency for the previous tax year. The tax increment paid to the agency for the previous tax year. Sufficient detail on the calculations performed by the county auditor. For any questions or if you require further information, please reach out to Brandon Grable at [EMAIL REDACTED] or call [PHONE REDACTED]. Sincerely, Chris Harding, CPA, CFE, CIA Salt Lake County Auditor Enclosures ---PAGE BREAK--- County Auditor Report on Community Reinvestment Agency Act Project Areas Salt Lake County Tax Year 2023 Community Reinvestment Agency Millcreek City Project Area Assessed Property Value Base Taxable Value Available Tax Increment Tax Increment Estimate on Agency's Annual Report Tax Increment (Entitled Amount) Current Year 1 West Millcreek 315,411,186 112,484,802 1,863,359 1,253,881 1,863,359 2 Canyon Rim Commons CRA 117,001,082 0 0 0 0 3 Olympus Hills CRA 5,632,199 0 0 0 0 4 Millcreek Center CRA 210,822,646 130,666,124 745,569 380,213 745,569 5 MedTech CRA 288,202,796 150,218,100 0 0 0 6 Woodland Avenue CRA 9,509,349 8,244,900 8,143 1 8,143 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Totals 946,579,258 401,613,926 2,617,071 1,634,095 2,617,071 Report and Payment Notes: Base taxable values of inactive projects are unavailable or have not been updated Base taxable values of Community Dev't Areas vary for each participating Taxing Entity. Highest base value is shown on this report. If there is no estimated Tax Increment Financing amount for a listed project in the Agency report, $ 1 is placed for an eligible tax area or tax entity Final distributed amount determined by County Treasurer Agency & Tax Entities are responsible for monitoring performance benchmarks & rebate terms Office of the Salt Lake County Auditor 3/18/2024 ---PAGE BREAK---