Form 2032 West Valley City Utah 2024-2025

Form 2032 West Valley City Utah: What You Should Know

We respect your privacy, and will never rent, sell, or rent our emails. We only use your information in accordance with our privacy guidelines. Thank you for filling out the form! Please stay tuned for details. We'll update this page when we have more information! MEMORANDUM FOR: Mr. Joe E. Hefner, City Manager at, joewestvalleycity.com Mr. Joe E. Hefner Date: 5/26/2018 at 6:42. Subject: Notice of Intent to Enter into a Public/Private Power-Sourced Agreement (Public) with IMF II Dear Mayor Joe, Thank you for bringing these important issues to my attention. As you know, the City of West Valley City is in the early stages of considering a proposal for a solar installation under a public/private partnership (P3), with an estimated cost of 10.5 million. Your public and/or private partner has identified an experienced international, privately-owned utility company in the U.S. that would assume all the operational and financial risks associated with the project. In short, our proposal could deliver a significant reduction in our municipal tax burden while providing a meaningful economic boost for the City. Your decision will determine whether the City will embark on this project and potentially generate additional benefits for residents, community institutions, the economy and the environment. The City's proposal for this undertaking represents a unique opportunity to ensure its continued growth and economic vitality, while helping to address key challenges of providing our residents with clean and reliable energy while reducing our dependence on fossil fuels. It also represents an opportunity to provide additional benefits to our public and private partners, including a significant reduction in our municipal tax burden. This project would be fully financed through debt-financing from the City's general fund, and would not require the City to increase the use of tax-increment financing (TIF) or to enter into any other types of financing, such as the Public-Private Partnership (PPP). The City would have the opportunity to create an opportunity to fund or build new parks and green ways in West Valley City, which could bring a significant new revenue source to our public schools, parks and libraries. Importantly, it will enhance the city's ability to provide services and make necessary investments in our health and safety.

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