Created in 2013, the Trackline EDA Project Area encompasses approximately 122 acres in West Ogden. This project area replaces the Golden Spike Project Area first adopted in 1989, comprising approximately the same geographic area. Historically, the project area was used primarily as a stockyard and livestock exchange. The stockyard facility and buildings have been documented and demolished, with only the Exchange Building remaining as a reminder of the economic strength of the area. Land within the project area has been assembled by the Agency, and together with a subsidiary of Ascent Construction as a development partner, Utah’s first master-planned lifestyle business park has been constructed – the Ogden Business Exchange. Creation of OBE supports Ogden’s position as a leader in the manufacturing and distribution industry and creates a home for Ogden’s present and future creative and outdoor recreation related companies.
Enve Composites, the leader in high-end carbon fiber bicycle wheels and components, is the anchor tenant at the Ogden Business Exchange. Their new 70k+ fully customized and expandable headquarters and manufacturing/distribution center is almost complete, bringing up to 325 jobs back to this once bustling industrial area.
The Agency and Enve executed a Contribution and Development Agreement in July 2015 which, among other things, conveyed approximately 7 acres of property to Enve. Shortly after this, Enve was acquired by Amer Sports, a sporting goods company with internationally recognized brands including Salomon, Wilson, Atomic, Arc'teryx, Mavic, Suunto and Precor. This acquisition, along with the partnership with the Agency, will help to ensure Enve’s long term presence and continued success in Ogden City.
OBE Vision, LLC, the master developer of the Business Exchange, successfully negotiated a long term lease with SR56, LLC, a subsidiary or Seller Royal, for 14,000 square feet of research and development space.
This new building will allow Selle Royal to quickly and efficiently design, test, tweak, and launch new products through their varied international brands such as Fizik, Lookin, Brooks, and Crank Brothers.
Change in Marginal Value Assessment
Base Taxable Value: $11,344,239
Prior Year’s Assessed Value: $12,861,750
Estimated Current Assessed Value: $12,861,750
Estimated Project Area Funds
Estimated Project Area Funds Received for the Current Year: $99,623
Estimated Project Area Funds Paid for the Next Year: $99,623
Project Area Funds Received
Previous Year’s Actual Project Area Funds Received: $26,477.28
Compared to Projected Funds at Project Area Creation: $13,828
Project Area Funds Collection Period: 20 Years
Number of Years Remaining in the Collection Period: 19 Years
Total Project Area Funds to be Received Cumulatively: $5,530,344
Taxing Entity: Tax Increment
Weber County: $1,103,304
Ogden City School District: $2,894,029
Ogden City: $1,002,651
Weber Basin Water Conservancy District: $60,834
Central Weber Sewer Improvement District: $249,419
Weber County Mosquito Abatement District: $42,031
Weber Area Dispatch 911 and Emergency Services: $89,592
Ogden City - Special Levy to Purchase WBWCD Water: $88,486
Remaining Project Area Funds
Taxing Entity: Tax Increment Weber County: $1,098,171 Ogden City School District: $2,880,567 Ogden City: $997,987 Weber Basin Water Conservancy District: $60,551 Central Weber Sewer Improvement District: $248,258 Weber County Mosquito Abatement District: $41,835 Weber Area Dispatch 911 and Emergency Services: $89,175 Ogden City - Special Levy to Purchase WBWCD Water: $88,074