Centerville seeks CDA for big development

CENTERVILLE (Davis County Clipper) — The city’s 14-screen megaplex and mixed use project is moving forward, though Centerville officials are looking for partners in a community development agreement (CDA) that will help speed the process along.

City officials and staff are currently setting up meetings with the county, the school district, and other local taxing entities to ask for their involvement in a CDA that will temporarily reduce the amount of property taxes the developers have to pay once construction on the project goes vertical. If those agreements can be reached and the developer completes all the steps required by Centerville, construction on the mixed-use project may start as early as this summer.

“If we get the approvals in April, the developers have said that they want to break ground as early as this June,” said Centerville City Manager Steve Thacker, adding that the estimate might be a bit optimistic because of the approvals still required by the planning commission. “We’ll have to see if everything falls into place.”

The CDA won’t take any money currently being received by any of the local taxing entities, and they would still get 70 percent of any new property taxes generated by the area for the next 15 years. Centerville, which has already signed the agreement, would only receive 50 percent of any new property taxes. The money saved by the reduced property taxes would be put toward infrastructure improvements in the area.
 

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