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HomeMy WebLinkAbout19 of 2025 - CRA Budget Amendment No. 2 FY 2025-261 SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY RESOLUTION NO__________ Second Budget Amendment for Fiscal Year 2025- 2026 RESOLUTION OF THE BOARD OF DIRECTORS OF THE SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY AMENDING THE FINAL BUDGET OF THE CRA FOR FISCAL YEAR 2025- 2026. WHEREAS, on June 10, 2025, the Salt Lake City Community Reinvestment Agency CRA) (formerly known as the Redevelopment Agency of Salt Lake City) Board of Directors Board) adopted the final budget of the CRA, effective for the fiscal year beginning July 1, 2025, and ending June 30, 2026, in accordance with the requirements of Section 17C-1-601.5 of the Utah Code. WHEREAS, all conditions precedent to amend the CRA's final annual budget have been accomplished. NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Salt Lake City Community Reinvestment Agency: 1. Purpose. The purpose of this resolution is to amend the final annual budget of the CRA, as approved, ratified and finalized by the Board on June 10, 2025. 2. Adoption of Amendments. The budget amendments shown on Exhibit A as “Board Approved” are hereby adopted and incorporated into the annual budget of the CRA. 3. Filing of copies of the Budget Amendments. The Salt Lake City Finance Department, on behalf of the CRA, is authorized and directed to certify and file a copy of said budget amendments in the office of the Finance Department, the CRA, and the office of the City Recorder, which amendments shall be available for public inspection. Passed by the Board of Directors of the Salt Lake City Community Reinvestment Agency of Salt Lake City, Utah, this day of , 2025, to be effective upon adoption. Chair Approved as to form: /s/ Jennifer Huntsman_______________ Salt Lake City Attorney’s Office Jennifer Huntsman 19 18th November _____________________________, Chair Jennifer Huntsman (Jan 13, 2026 11:16:55 MST) Jennifer Huntsman 01/13/2026 Chris Wharton (Jan 16, 2026 12:54:35 MST) 2 The Executive Director: does not request reconsideration requests reconsideration at the next regular Agency meeting Erin Mendenhall, Executive Director Attest: City Recorder Erin Mendenhall (Jan 16, 2026 16:14:40 MST) 4 3 EXHIBIT A TO RESOLUTION Attach Board’s Final Approved Budget Amendment] Project Area FTEs 1 Reallocation of budget from the Infrastructure Improvements program.Depot District -$ (1,502,473)$ (1,502,473.00) One-time 2 Reallocation of budget to the Infrastructure Property Acquisition program.Depot District 1,502,473 1,502,473.00 One-time 3 Reallocation of budget from the DD Infrastructure Improvements program.Program Income Fund (387,527) (387,527.00) One-time 4 Reallocation of budget to the DD Infrastructure Property Acquisition program.Program Income Fund 387,527 387,527.00 One-time Total of Budget Amendment Items -$ -$ -$ -$ Depot District -$ One-time Program Income Fund - One-time Total of Budget Amendment Items -$ -$ -$ -$ 86,036,232$ - - - - $ 86,036,232 86,036,232$ - - - - $ 86,036,232 Finance Department Deputy Director, City Council/CRA Board Total by Fund, Budget Amendment #2: Current Year Budget Summary, provided for information only FY 2025-26 Budget, Including Budget Amendments Administration Proposed Board Approved Jennifer Bruno (Jan 13, 2026 10:39:57 MST) Jennifer Bruno Benjamin Luedtke (Jan 13, 2026 10:52:23 MST) CRA Resolution 19 of 2025 Budget Amendment #2 Final Audit Report 2026-01-20 Created:2025-12-23 By:Caitlin Carlino (caitlin.carlino@slc.gov) Status:Signed Transaction ID:CBJCHBCAABAA-RPiwrk0SsD9ZQ6iD2QQYhNo3LoUTxIe "CRA Resolution 19 of 2025 Budget Amendment #2" History Document created by Caitlin Carlino (caitlin.carlino@slc.gov) 2025-12-23 - 5:38:09 PM GMT Document emailed to jennifer.bruno@slc.gov for signature 2025-12-23 - 5:46:37 PM GMT Email viewed by jennifer.bruno@slc.gov 2026-01-13 - 5:37:42 PM GMT Signer jennifer.bruno@slc.gov entered name at signing as Jennifer Bruno 2026-01-13 - 5:39:55 PM GMT Document e-signed by Jennifer Bruno (jennifer.bruno@slc.gov) Signature Date: 2026-01-13 - 5:39:57 PM GMT - Time Source: server Document emailed to Benjamin Luedtke (Benjamin.Luedtke@slc.gov) for signature 2026-01-13 - 5:40:00 PM GMT Email viewed by Benjamin Luedtke (Benjamin.Luedtke@slc.gov) 2026-01-13 - 5:48:32 PM GMT Document e-signed by Benjamin Luedtke (Benjamin.Luedtke@slc.gov) Signature Date: 2026-01-13 - 5:52:23 PM GMT - Time Source: server Document emailed to jennifer.huntsman@slc.gov for signature 2026-01-13 - 5:52:26 PM GMT Email viewed by jennifer.huntsman@slc.gov 2026-01-13 - 6:15:38 PM GMT Signer jennifer.huntsman@slc.gov entered name at signing as Jennifer Huntsman 2026-01-13 - 6:16:53 PM GMT Document e-signed by Jennifer Huntsman (jennifer.huntsman@slc.gov) Signature Date: 2026-01-13 - 6:16:55 PM GMT - Time Source: server Document emailed to Chris Wharton (chris.wharton@slc.gov) for signature 2026-01-13 - 6:16:58 PM GMT Email viewed by Chris Wharton (chris.wharton@slc.gov) 2026-01-13 - 7:41:56 PM GMT Document e-signed by Chris Wharton (chris.wharton@slc.gov) Signature Date: 2026-01-16 - 7:54:35 PM GMT - Time Source: server Document emailed to Erin Mendenhall (erin.mendenhall@slc.gov) for signature 2026-01-16 - 7:54:38 PM GMT Email viewed by Erin Mendenhall (erin.mendenhall@slc.gov) 2026-01-16 - 10:58:36 PM GMT Document e-signed by Erin Mendenhall (erin.mendenhall@slc.gov) Signature Date: 2026-01-16 - 11:14:40 PM GMT - Time Source: server Document emailed to Keith Reynolds (Keith.Reynolds@slc.gov) for signature 2026-01-16 - 11:14:42 PM GMT Email viewed by Keith Reynolds (Keith.Reynolds@slc.gov) 2026-01-20 - 8:07:47 PM GMT Document e-signed by Keith Reynolds (Keith.Reynolds@slc.gov) Signature Date: 2026-01-20 - 8:08:39 PM GMT - Time Source: server Agreement completed. 2026-01-20 - 8:08:39 PM GMT