June 17th MIDA Board Meeting Highlights
This is an unofficial summary of the Board meeting produced by MIDA communications staff. Minutes will be posted to the Utah Public Notice Website (pmn.utah.gov) once they are approved.
Board members present: Adams, Ostermiller, Stevenson, Harter; Shepherd (virtual)
Board Action
Unanimous approval of meeting minutes from the January 7, 2025 MIDA board meeting.
Unanimous approval of Resolution 2025-05: Approving a Ground Lease Agreement Between MIDA and the Utah State Armory Board for the Utah National Guard Project Area.
Discussion: MIDA Executive Director Paul Morris explained a three-step approval process for the lease between MIDA and the Utah State Armory Board that would allow for exploration of a potential energy project at Camp Williams within MIDA’s Utah National Guard Project Area. The project includes machinery manufacturing that could allow a future, potential nuclear fuel cycle facility.
Because the proposed leased area within Camp Williams includes 400 acres on state-owned land, the first step was the Utah State Armory Goard review and approval of the ground lease agreement between the Armory Board and MIDA on Friday, June 13, 2025.
Second, the review and approval by the MIDA Board on Tuesday, June 17, 2025.
Third, the review and approval by the Legislative Management Committee also on June 17.
The ground lease is for a total of up to 120 years, a 40-year lease followed by up to two 40-year renewals.
A sub-lease between Utah Energy, LLC and MIDA is expected to be reviewed by the MIDA Board at its next meeting on June 24, 2025. Morris explained there are many additional steps before a project moves forward, including review and approval of a tax sharing agreement between MIDA and the State of Utah, further review of the Camp Williams site’s potential suitability, and reviews required for federal licensing.
MIDA board members expressed their excitement for the potential project with Utah Energy saying this could be a big step towards energy independence.
“This is a big deal for Utah; a big deal for America,” said MIDA Board Chairman and President of the Utah Senate, Stuart Adams.