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08/24/2021 - Agenda Board of Directors of the REDEVELOPMENT AGENCY OF SALT LAKE CITY AGENDA August 24, 2021 Tuesday 2:00 PM This Meeting Will be an Electronic Meeting Pursuant to the Chair’s Determination. SLCRDA.com This is a discussion among RDA Board Directors and select presenters. The public is welcome to listen, unless otherwise specified as a public comment period. Items scheduled may be moved and / or discussed during a different portion of the Meeting based on circumstance or availability of speakers. Item start times and durations are approximate and are subject to change at the Chair’s discretion. Generated: 14:06:18 This meeting will be an electronic meeting pursuant to the Chair’s determination: As Redevelopment Agency Chair, I hereby determine that conducting the Redevelopment Agency Board meeting at an anchor location presents a substantial risk to the health and safety of those who may be present, and that the City and County building has been ordered closed to the public for health and safety reasons. Members of the public are encouraged to participate in meetings. We want to make sure everyone interested in the RDA meetings can still access the meetings how they feel most comfortable. If you are interested in watching the RDA meetings, they are available on the following platforms: • Facebook Live: www.facebook.com/slcCouncil/ • YouTube: www.youtube.com/slclivemeetings • Web Agenda: www.slc.gov/council/agendas/ • SLCtv Channel 17 Live: www.slctv.com/livestream/SLCtv-Live/2 If you are interested in participating during the general comment period, you may do so through the Webex platform. To learn how to connect through Web ex, or if you need call- in phone options, please visit our website or call us at 801-535-7607 to learn more. As always, if you would like to provide feedback or comment, please call us or send us an email: • 24-Hour comment line: 801-535-7654 • council.comments@slcgov.com More info and resources can be found at: www.slc.gov/council/contact-us/ Upcoming meetings and meeting information can be found here: www.slc.gov/council/agendas/ We welcome and encourage your comments! We have Council staff monitoring inboxes and voicemail, as always, to receive and share your comments with Board Members. A. Comments: 1. General Comments to the Board ~2:00 p.m. 5 min The RDA Board of Directors will receive public comments regarding Redevelopment Agency business in the following formats: 1. Written comments submitted to RDA offices, 451 South State Street, Suite 118, P.O. Box 145455, Salt Lake City, UT. 84114-5455. 2. Comments to the RDA Board of Directors. (Comments are taken on any item not scheduled for a public Hearing, as well as on any other RDA Business. Comments are limited to two minutes.) B. Public Hearing - individuals may speak to the Board once per public hearing topic for two minutes, however written comments are always accepted: NONE. C. Redevelopment Agency Business - The RDA Board of Directors will receive information and/or hold discussions and/or take action on: 1. Approval of Minutes ~2:05 p.m. 5 min. The Board will approve the meeting minutes of Tuesday, December 8, 2020. 2. Motion: Meeting Remotely Without an Anchor Location ~ 2:10 p.m. 5 min. The Board will consider a motion to ratify the Chair’s determination to continue meeting remotely and without an anchor location due to the health and safety of the people who may be in attendance, and considering the continued closure of the City and County Building to the public. 3. Informational: Station Center Innovation District Concept Follow-up ~ 2:15 p.m. 20 min. The Board will continue their discussion with RDA staff about the Station Center Innovation District concept. Station Center is located between 500 to 600 West and 200 to 400 South in the Depot District Project Area. The Innovation District concept would be anchored by the University of Utah for technology development, from research to start-up incubators to mature profitable businesses. 4. Resolution: Fiscal Year 2021-22 Affordable Housing Development Funding Priorities Follow-up ~ 2:35 p.m. 20 min. The Board will continue consideration of RDA housing development funding priorities for Fiscal Year 2021-22, and may consider adopting a resolution formalizing these priorities to provide policy direction for RDA. 5. Informational: Update on the Spark! Project (Former Overniter Motel) at 1500 West North Temple ~ 2:55 p.m. 20 min. The Board will receive a briefing about the Spark! project including an update on the project status, housing unit mix, and upcoming administrative and RDA Board steps. The proposed Spark! project is located at the former Overniter Motel property, 1500 West North Temple in the North Temple Project Area. The proposed project will include approximately 200 affordable and workforce housing in a variety of sizes; approximately 4,000 square feet of pedestrian-scale retail space oriented towards North Temple; a transit-oriented corner plaza; additional plaza or rooftop garden space; and a potential daycare facility. 6. Report and Announcements from the Executive Director TENTATIVE 5 min. Report of the Executive Director, including a review of information items, announcements, and scheduling items. The Board of Directors may give feedback or policy input. 7. Report and Announcements from RDA Staff TENTATIVE 5 min. The Board may review Board information and announcements. The Board may give feedback on any item related to City business, including but not limited to; • Property Updates; • Project Updates; • Community Updates; and • Scheduling Items. D. Written Briefings – the following briefings are informational in nature and require no action of the Board. Additional information can be provided to the Board upon request: 1. Informational: Status Report on RDA Commercial Loan Portfolio The Board will receive a written briefing about the status of the RDA’s commercial loan portfolio. This report identifies the following: • New loans approved between July 1, 2020 and June 30, 2021. • Remaining amount in the existing portfolio • Outstanding principal for each loan fund • Any delinquencies E. Consent – the following items are listed for consideration by the Board and can be discussed individually upon request. A motion to approve the consent agenda is approving all of the following items: NONE. F. Closed Session The Board will consider a motion to enter into Closed Session. A closed meeting described under Section 52-4-205 may be held for specific purposes including, but not limited to: 1. discussion of the character, professional competence, or physical or mental health of an individual; 2. strategy sessions to discuss pending or reasonably imminent litigation; 3. strategy sessions to discuss the purchase, exchange, or lease of real property: (i) disclose the appraisal or estimated value of the property under consideration; or (ii) prevent the public body from completing the transaction on the best possible terms; 4. strategy sessions to discuss the sale of real property, including any form of a water right or water shares, if: (i) public discussion of the transaction would: (A) disclose the appraisal or estimated value of the property under consideration; or (B) prevent the public body from completing the transaction on the best possible terms; (ii) the public body previously gave public notice that the property would be offered for sale; and< (iii) the terms of the sale are publicly disclosed before the public body approves the sale 5. discussion regarding deployment of security personnel, devices, or systems; and 6. investigative proceedings regarding allegations of criminal misconduct. A closed meeting may also be held for attorney-client matters that are privileged pursuant to Utah Code § 78B-1-137, and for other lawful purposes that satisfy the pertinent requirements of the Utah Open and Public Meetings Act. G. CERTIFICATE OF POSTING On or before 5:00 p.m. on Thursday, August 19, 2021, the undersigned, duly appointed City Recorder, does hereby certify that the above notice and agenda was (1) posted on the Utah Public Notice Website created under Utah Code Section 63F-1-701, and (2) a copy of the foregoing provided to The Salt Lake Tribune and/or the Deseret News and to a local media correspondent and any others who have indicated interest. CINDY LOU TRISHMAN SALT LAKE CITY RECORDER Final action may be taken in relation to any topic listed on the agenda, including but not limited to adoption, rejection, amendment, addition of conditions and variations of options discussed. People with disabilities may make requests for reasonable accommodation, which may include alternate formats, interpreters, and other auxiliary aids and services. Please make requests at least two business days in advance. To make a request, please contact the City Council Office at council.comments@slcgov.com, 801-535-7600, or relay service 711. Adjournment