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Proposed Budget 20-year Project Area, Beginning in 2012 Two tax districts 15A and 16 4% Administrative 20% Housing L 10% Pass-Thru to Salt Lake County Li 20% Pass-Thru to Remaining Taxing Entities 111111111 ---PAGE BREAK--- Proposed Budget 0 Infrastructure - $11,350,000 CI Roads, Bridge, Pedestrian Crossing & Improvements 13 Streetscape, Parkway and Trail CI Curb, Gutter & Sidewalk O Lighting CI Storm Drain o Other $1,500,000 13 Laundry Tower Site Improvement & Park Area O Facade Renovation Grants Graffiti & Cleanup Program Economic Development Assistance - $8,460,736 Land Assemblage Infrastructure Assistance Parking Remediation Total - $21,310,736 ---PAGE BREAK--- Base Tax Value (2009) $93,807,397 Estimated Annual Growth Rate 6.5% Estimated Annual Growth $11,958,886 Estimated Total Growth $239,177,720 Total Incremental Taxes $27,224,244 TIF Pass-Thru $4,959,150 Housing (20%) $4,453,019 Administration $890,604 Increment Remaining for Projects $16,921,471 Proposed Budget Eligible Project Expenditures $21,310,736 • ---PAGE BREAK--- West Mil!creek Project Area Benefits of Redevelopment Eliminate Blight Provide Incentive for Private Investment Reduce Crime La Upgrade and Install Infrastructure to Meet Code o Provide an Attractive Urban Environment Provide Connectivity L Support Transit Use o Create a Walkable Community o Support and Encourage Existing Businesses r Restore Economic Vitality