Full Text
FISCAL AND LEGAL IMPACT STATEMENT REGARDING THE REPEAL OF ORDINANCE 21-48 AMENDING THE MILLCREEK CITY CENTER MASTER PLAN AND TITLE 19 OF THE MILLCREEK CODE OF ORDINANCES WITH RESPECT TO DIGITAL DISTRICT SIGNS Pursuant to Utah Code Section 20A-7-602.5 the initial fiscal and legal impact estimate regarding repeal of Ordinance 21-48 Amending the Millcreek City Center Master Plan is as follows: • Condemnation of the billboard and right-of-first refusal could cost between $397,500 and $1,000,000, plus $130,000 in legal fees. • Tax increment of $475,000 could be lost. • Delay of the new city hall and police precinct could cost $950,000 in moving and lease cost. • Cost of the referendum on the 2023 municipal election is insignificant. • Sales tax would be a funding source for fiscal impact expenses. • Reagan has applied for a sign permit and to the extent the referendum prohibits construction it would infringe on Reagan’s vested rights. Repealing the ordinance would not change taxes or the status of any debt instruments.