SLIDE 1
Provo Corridor Preservation Request 820 North
SLIDE 2 Frequently Asked Questions Q - Where does the money come from? A - Annual $10 vehicle registration fee
Q - Can CP funds be used to build things? A - No. CP is for early purchase of property in
- rder to save on impacts, reduce hardships, and
lessen cost of future projects
Q - Do city projects have to repay the fund? A - No. Statute allows set up of a revolving loan
fund, but past leaders chose not to
Provo vo Corridor Preserv ervati ation n Request uest 820 0 N
SLIDE 3 Background:
- Eligible Corridor: #19, Provo 820 N
- Location: 999 W 820 N, Provo
Provo vo Corridor Preserv ervati ation n Request uest 820 0 N
SLIDE 4
Provo vo Corridor Preserv ervati ation n Request uest 820 0 N
I-15 500 W
SLIDE 5 Property Details:
- Size: 0.19 acres
- Status: Willing Seller
- Appraised Value: $296,500
- Est. Acquisition Costs: $10,000
- Total Request: $306,500
- 4th CP Purchase on Corridor
- TAC Recommends Approval
- Fund Balance: $7,166,645
Provo vo Corridor Preserv ervati ation n Request uest 820 0 N
SLIDE 6
Suggested Motion: “I move that the Regional Planning Committee authorize this request as presented, with authorization to expire after one year if the property has not been purchased.”
Provo vo Corridor Preserv ervati ation n Request uest 820 0 N
SLIDE 7
Contact Info:
Jim Price 801-229-3848 jprice@mountainland.org
Provo vo Corridor Preserv ervati ation n Request uest 820 0 N
SLIDE 8
Provo Corridor Preservation Request 2230 North
SLIDE 9 Background:
- Eligible Corridor: #53, Provo 2230 N
- Location: 244 E 2200 N, Provo
Provo vo Corridor Preserv ervati ation n Request uest 2230 30 N
SLIDE 10
Provo vo Corridor Preserv ervati ation n Request uest 2230 30 N
SLIDE 11 Property Details:
- Size: 0.23 acres
- Status: Willing Seller
- Appraised Value: $332,000
- Est. Acquisition Costs: $10,000
- Total Request: $342,000
- TAC Recommends Approval
- Current Fund Balance: $ 7,166,645
Provo vo Corridor Preserv ervati ation n Request uest 2230 30 N
SLIDE 12
Suggested Motion: “I move that the Regional Planning Committee authorize this request as presented, with authorization to expire after one year if the property has not been purchased.”
Provo vo Corridor Preserv ervati ation n Request uest 2230 30 N
SLIDE 13
Contact Info:
Jim Price 801-229-3848 jprice@mountainland.org
Provo vo Corridor Preserv ervati ation n Request uest 2230 30 N
SLIDE 14
- On September 5, 2019, the Regional Planning Committee
approved the attached Payson City/UDOT request for $453,000 from the Corridor Preservation Fund.
- UDOT has recently received an infusion of $7 million into its
Corridor Preservation Fund and no longer requires funds from Utah County for this important purchase.
- This request arrived after the most recent TAC meeting and
TAC was not consulted.
- Staff recommends that UDOT purchase this property with its
funds, but that the original approval stand for the time being. No action is needed by the committee at this time. Payson yson Corridor Preserv ervati ation n Request uest
