Riverton RDA Meeting: Budget Approval and CRA Discussion – June 2, 2026

The Riverton Redevelopment Agency (RDA) Board met on June 2, 2026 at 7:00 PM at Riverton City Hall. The meeting included unanimous approval of the consent agenda and FY2026-2027 budget, followed by a presentation and discussion on Community Reinvestment Agency (CRA) basics and the proposed tax increment financing for the Paige Retail Plaza. No action was taken on the discussion item.

Consent Calendar

• Minute Approval: Unanimously approved the minutes from the RDA meeting on May 5, 2026. Motion by Councilmember McDougall, second by Councilmember Johnson. All in favor, none opposed.

Public Comments & Testimony

• No public comments were made during the public hearing for RDA Resolution No. 26-02 (final budget). The public hearing was opened and closed without testimony.

Discussion Items

• RDA Resolution No. 26-02 – Final Budget for FY 2026-2027: Nick Geer, Administrative Services Director, presented the final budget adopting the tentative budget previously posted. The board adopted the resolution unanimously via roll call (Board members Perucci, McDougall, Johnson, Smith, Heymans all voted yes).
• CRA Discussion and Paige Retail Tax Increment: Kevin Hicks, City Manager, and Jason Lethbridge, Development Services Director, presented a "CRA 101" overview covering the purpose of CRAs, tax increment financing (TIF), history of Riverton RDAs (downtown, Intel, CenterCal/Western Commercial District), and the proposed new Paige Retail project area. Hicks explained the base year and tax increment revenue mechanics, and showed preliminary concepts for pedestrian connectivity improvements including a bike lane on 12800 South and a pedestrian bridge over 12600 South to Riverton City Park. The bridge could be obtained from UDOT. Hicks noted that the Western Commercial District RDA generates no surplus revenue for the city, while the Paige Retail RDA could generate approximately $80,000 in the first year and $150,000 annually thereafter, with potential uses including RDA administration, housing set-asides, and infrastructure projects.
• Board Questions and Feedback:
  • Councilmember McDougall thanked staff for the presentation and raised concerns about parking along 12800 South if a bike lane is added. Staff responded that road width is sufficient for both bike lane and parking.
  • Councilmember Johnson asked about the pedestrian bridge alignment and noted the vacant home at the proposed corner as an opportunity.
  • Mayor clarified that funding large projects would require the city loaning money to the RDA or the RDA taking debt, since the tax increment is received over 20–25 years.
  • Councilmember McDougall asked if funds from other RDAs could be combined into projects; staff confirmed it is allowed but noted Western Commercial District funds are all committed.
  • Councilmember Johnson proposed shifting infrastructure funds to the Mountain View Village bridge project. Staff updated that UDOT plans to build that bridge (likely starting spring 2027) without additional city funds, but the old bridge could become city property.
  • Councilmember Smith requested data to support proposed projects (e.g., foot traffic counts) to ensure best value.
  • Councilmember Heyman briefly commented on campaign signs on the bridge.
  • Mayor emphasized that the interlocal agreements being negotiated do not legally bind the board to specific projects; final decisions will occur during annual budgeting after revenue starts.

Key Outcomes

• Adopted RDA Resolution No. 26-02 (final budget for FY2026-2027) unanimously.
• No action taken on the Paige Retail tax increment discussion; the board received information and provided feedback.
• Next steps: Staff will meet with consultant and begin interlocal agreement negotiations with taxing entities. All final approvals will return to the board.
• The board expressed general interest in pedestrian connectivity projects but requested additional analysis before committing to specific expenditures.