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The original item was published from 6/16/2017 5:31:12 PM to 6/16/2017 5:31:53 PM.

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Cedar City Updates

Posted on: June 19, 2017

[ARCHIVED] Notice of Public Hearing - Proposed Cedar City Coal Creek Community Reinvestment

The Cedar City Redevelopment Agency will hold a public hearing on July 19, 2017 at 5:30 the City Council chambers located at 10 N. Main St., Cedar City, Utah, to consider the Coal Creek Community Reinvestment Area (CRA) Project Area Plan for a community development project area consisting of approximately 225.43 parcel  acres, located from I-15 on the west to approximately 100 East on the east, andfrom roughly 1000 North to southern borders along 400 North and to nearly 200 North. 

The Draft Plan and Draft Budget are available, including property details, for inspection at the City offices located at 10 N. Main St., CedarCity, Utah, during regular business hours. The Draft Plan provides, among other things, an evaluation of appropriate land uses and economic and community development forecasts for the land encompassed by the Project Area. 

The Draft Plan also sets forth the aims and objectives of the anticipated new development, including its scope, its mechanism, and its value to the residents of the City and other taxing districts. 

The Draft Budget is a multi-year projection of annual or cumulative revenues, expenses and other fiscal matters pertaining to the Project Area. The creation of a project area does not increase any property owner’s property taxes or property tax rate. 

The tax increment results from new value created in the project area, not from increased tax burdens on those whoare already in the project area. At the public hearing, the Agency will hear public comment on and objections, if any, to the Draft Plan and Draft Budget, including whether the Draft Plan and/or Draft Budget should be revised, approved, or rejected. 

The Agency will also receive all written objections, if any, to the Draft Plan and Draft Budget. The Agency also invites publiccomments in support of the Draft Plan and Draft Budget. 

All interested persons are invited to submit to the Agency comments on the Draft Plan and Draft Budgetbefore the date of the hearing. Any interested person wishing to meet and discuss the Draft Plan and Draft Budget, before the hearing, may contact Danny tewart at the City offices at (435) 865-5115 to set up an appointment. 

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