Development News for Eagle Mountain, Utah
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Redevelopment Agency Board Meeting - Media
Tuesday, Jun 2, 2026
Redevelopment Agency Board Approves Meeting Minutes and Bond Parameters
The Redevelopment Agency Board meeting convened on June 2nd. The board first approved the minutes from the previous meeting on May 5th, 2026. Subsequently, they moved to approve the parameters for the 2026 bond series issuance. The meeting concluded with a motion to adjourn [cite: 17, 18, 20, 21, 35, 61, 67].
Redevelopment Agency Approves $10 Million Bond Parameters for Series 2026 Issuance
The Redevelopment Agency Board approved the issuance of the Agency Sales Tax and Tax Incremental Bond Series 2026. This resolution establishes the maximum parameters for the bond, not to exceed $10 million over 20 years, with an interest rate not exceeding 5.5%. This action follows a prior council meeting where an interlocal agreement for general sales tax backing was approved [cite: 35, 36, 39, 42, 43].
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