Eagle Mountain, City of - Engineering Dept.

This Project Area Plan, developed by the Eagle Mountain Redevelopment Agency, outlines the transformation of the Sweetwater Industrial Park Community Reinvestment Area (CRA) #4 from an underutilized state to a higher economic use. The plan focuses on facilitating development, including the construction of a colocation data center complex and associated infrastructure. Key objectives encompass accelerating economic development, stimulating job creation, providing attractive development for high-quality tenants, and improving infrastructure, all to generate increased property tax revenues and broader economic activity for the City and participating taxing entities, primarily through tax increment financing.

This Project Area Plan, prepared by the Eagle Mountain Redevelopment Agency, outlines the strategic approach for the Sweetwater Industrial Park Community Reinvestment Area #4. The plan's objective is to transform the currently vacant 567-acre area into a higher and better use, specifically facilitating the construction of a colocation data center complex. It details the use of tax increment financing to overcome development costs and fund public infrastructure, anticipating significant economic benefits such as increased property tax revenues, job growth, and contributions to affordable housing within the community.

The Eagle Mountain General Plan serves as a comprehensive roadmap for long-term growth and development, aiming to create a sustainable, beautiful, and innovative place to live, work, and play. It is guided by principles of resiliency, healthy and vibrant community, stewardship, collaboration, and diversity and choices. The plan focuses on four key initiatives: meaningful open space and amenities, distinctive development patterns, centers of employment and activity, and sustainable and resilient systems, all while balancing development with the preservation of the city's unique character and natural resources.

The strategic plan for Eagle Mountain City aims to provide quality services, facilities, and opportunities that sustain and enhance a safe, livable, and dynamic community for its residents, businesses, and visitors. It is guided by core values such as Health & Safety, Service, Innovation, Efficiency, Sustainability, and Accountability & Trust. The plan outlines strategic goals including fostering Diverse Economic Growth, developing Robust Infrastructure Networks, achieving Unique Reputational Evolution, engaging in Proactive Generational Planning, promoting Interactive Environmental Stewardship, and ensuring Dynamic Service Enhancement, all contributing to a vision of a safe, growing city with a small-town feel.

This document outlines the official Project Area Plan for the Sweetwater #4 Community Reinvestment Project Area, adopted by the Redevelopment Agency of Eagle Mountain City. The plan's primary objectives are to encourage private development, facilitate community reinvestment activities, provide essential infrastructure improvements, and enhance the tax base and economic vitality of the community. It focuses on transforming a 567-acre vacant area into an industrial park, specifically targeting the development of a colocation data center complex. Key outcomes include generating increased property tax revenues, stimulating job growth, and fostering associated business and economic activity over a 40-year tax increment period, ensuring development aligns with the City's general plan.