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05/16/2023 - MinutesThe Board of Directors of the Redevelopment Agency (RDA) of Salt Lake City met on Tuesday, May 16, 2023. The following Board Members were present: Ana Valdemoros, Daniel Dugan, Amy Fowler, Chris Wharton, Alejandro Puy, Darin Mano The following Board Members were absent: Victoria Petro Present Agency Leadership: Danny Walz – Director, Cara Lindsley – Deputy Director Present City Staff: Cindy Lou Trishman – City Recorder, DeeDee Robinson – Minutes & Records Clerk, Stephanie Elliott – Minutes & Records Clerk, Taylor Hill – Constituent Liaison/Policy Analyst, Scott Corpany – Staff Assistant, Rachel Otto – Chief of Staff, Jennifer Bruno – Council Deputy Director, Cindy Gust-Jenson – Council Executive Director, Ben Luedtke – Public Policy Analyst, Mark Kittrell – Deputy City Attorney, Lindsey Nikola – Deputy Chief of Staff Director Chair Puy presided at and conducted the meeting.   The meeting was called to order at 2:07 pm. MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 16, 2023 1 Comments:A.   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.) There were no comments.   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.Election of the Vice Chair ~ 2:05 p.m.  5 min The Board will select a Board Vice Chair (for the remainder of the one-year term). The process includes expressions of interest from Board Members, nomination, and then voting for the Vice Chair position. Motion: Moved by Director Wharton, seconded by Director Valdemoros to close nominations and open voting (by ballot) for Vice Chair of the RDA. AYE: Ana Valdemoros, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano ABSTAIN: Amy Fowler ABSENT: Victoria Petro Final Result: 5 – 0 Pass Director Mano nominated Director Dugan to serve the remainder of the one-year term for Vice Chair of the Redevelopment Agency. Nominations for the seat were closed and voting by ballot proceeded. Five ballots were received in favor of Director Dugan for the seat of Vice Chair. 2.Resolution: RDA Budget Amendment No.3 for Fiscal Year 2022- 23 ~ 2:10 p.m. MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 16, 2023 2  10 min The Board will receive a follow-up briefing about, and consider adopting a resolution that would amend the final budget of the Redevelopment Agency of Salt Lake City for Fiscal Year 2022-23. Budget amendments happen several times each year to reflect adjustments in the Redevelopment Agency’s budget, including proposed project additions and modifications, and staffing changes. The amendment includes adjustments to budgets based on actual property tax increment received to satisfy obligations under state law, interlocal agreements with other taxing entities, and reimbursement agreements with private property owners, and several holding accounts for capital improvements and strategic intervention funds for future opportunities in project areas among other items. Motion: Moved by Director Mano, seconded by Director Dugan to approve Resolution 11 of 2023 to amend the FY 2022-2023 budget of all remaining items. AYE: Ana Valdemoros, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano ABSTAIN: Amy Fowler ABSENT: Victoria Petro Final Result: 5 – 0 Pass Ben Luedtke provided an introduction to the briefing. There was no further discussion. 3.Overview of the Redevelopment Agency Budget for Fiscal Year 2023-24 ~ 2:20 p.m.  60 min The Board will receive a general overview of the proposed budget for the Redevelopment Agency of Salt Lake City for Fiscal Year 2023-24. The Board will continue to discuss the Mayor’s Recommended Budget over the next several weeks and will have public hearings on Tuesday May 16, 2023 and Tuesday, June 6, 2023 at 7 p.m. The Board expects to adopt the budget in mid-June. Danny Walz, Ben Luedtke, and Jennifer Bruno provided information regarding: Proposed Budget for the Redevelopment Agency FY 2023-2024 •Budget consisted of multiple funds: ◦Project Area Funds ◦Housing Funds ◦Multi-use Funds ◦Agency Operations •Overview of the budget process, including revenue sources, obligated expenses and discretionary expenses •Approximately $47M in projected revenue for Project Areas and Multi-Use funds •Tax increment revenue actuals/budgeted for 2023 •Revenue by fund for Project Area/Multi-Use funds •Approximately $9.7M in projected revenue for Housing Fund •Approximately $44M in projected obligated expenses •Discretionary expenses – program/project insights: ◦RDA Arts & Culture Program MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 16, 2023 3 ◾$25K for Regent Street event programming ◾$150K for RDA Arts & Culture Program ◦Gallivan Programs ◾$214K Gallivan maintenance and repairs ◾$509K Gallivan Plaza planning ◦Commercial Assistance Programs ◾$226K Commercial revolving loans ◾$3.7M Commercial Assistance Program ◦Strategic Intervention ◾$4M in holding account for property acquisition, site development costs, and community benefits ◦Infrastructure Improvements ◾$50K City Creek daylighting ◾$550K Sugar House Deseret Industries demolition ◾$3.6M Depot District ◾$100K North Temple ◦Infrastructure Studies and Planning Program ◾$300K Ballpark planning •Specific allocations for discretionary expenses •Housing activities – program/project insights: ◦$2M Property acquisition ◦$1.5M Accessory Dwelling Unit (ADU) program ◦$4.5M Housing Development Loan Program (HDLP) ◦$380K Family and workforce housing – through interlocal agreements with Salt Lake City School District ◦$2.8M Shared equity •Specific allocations for housing funds •Administrative expenses – project/program insights: ◦Approximately $300K for (2) new full-time employees (FTEs) 4.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. Item not held. 5.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 Scheduling Items. Item not held.   MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 16, 2023 4 C.Redevelopment Agency Business - The RDA Board of Directors will receive information and/or hold discussions and/or take action on:   1.Election of the Vice Chair ~ 2:05 p.m.  5 min The Board will select a Board Vice Chair (for the remainder of the one-year term). The process includes expressions of interest from Board Members, nomination, and then voting for the Vice Chair position. Motion: Moved by Director Wharton, seconded by Director Valdemoros to close nominations and open voting (by ballot) for Vice Chair of the RDA. AYE: Ana Valdemoros, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano ABSTAIN: Amy Fowler ABSENT: Victoria Petro Final Result: 5 – 0 Pass Director Mano nominated Director Dugan to serve the remainder of the one-year term for Vice Chair of the Redevelopment Agency. Nominations for the seat were closed and voting by ballot proceeded. Five ballots were received in favor of Director Dugan for the seat of Vice Chair. 2.Resolution: RDA Budget Amendment No.3 for Fiscal Year 2022- 23 ~ 2:10 p.m.  10 min The Board will receive a follow-up briefing about, and consider adopting a resolution that would amend the final budget of the Redevelopment Agency of Salt Lake City for Fiscal Year 2022-23. Budget amendments happen several times each year to reflect adjustments in the Redevelopment Agency’s budget, including proposed project additions and modifications, and staffing changes. The amendment includes adjustments to budgets based on actual property tax increment received to satisfy obligations under state law, interlocal agreements with other taxing entities, and reimbursement agreements with private property owners, and several holding accounts for capital improvements and strategic intervention funds for future opportunities in project areas among other items. Motion: Moved by Director Mano, seconded by Director Dugan to approve Resolution 11 of 2023 to amend the FY 2022-2023 budget of all remaining items. AYE: Ana Valdemoros, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano ABSTAIN: Amy Fowler ABSENT: Victoria Petro Final Result: 5 – 0 Pass Ben Luedtke provided an introduction to the briefing. MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 16, 2023 5 There was no further discussion. 3.Overview of the Redevelopment Agency Budget for Fiscal Year 2023-24 ~ 2:20 p.m.  60 min The Board will receive a general overview of the proposed budget for the Redevelopment Agency of Salt Lake City for Fiscal Year 2023-24. The Board will continue to discuss the Mayor’s Recommended Budget over the next several weeks and will have public hearings on Tuesday May 16, 2023 and Tuesday, June 6, 2023 at 7 p.m. The Board expects to adopt the budget in mid-June. Danny Walz, Ben Luedtke, and Jennifer Bruno provided information regarding: Proposed Budget for the Redevelopment Agency FY 2023-2024 •Budget consisted of multiple funds: ◦Project Area Funds ◦Housing Funds ◦Multi-use Funds ◦Agency Operations •Overview of the budget process, including revenue sources, obligated expenses and discretionary expenses •Approximately $47M in projected revenue for Project Areas and Multi-Use funds •Tax increment revenue actuals/budgeted for 2023 •Revenue by fund for Project Area/Multi-Use funds •Approximately $9.7M in projected revenue for Housing Fund •Approximately $44M in projected obligated expenses •Discretionary expenses – program/project insights: ◦RDA Arts & Culture Program ◾$25K for Regent Street event programming ◾$150K for RDA Arts & Culture Program ◦Gallivan Programs ◾$214K Gallivan maintenance and repairs ◾$509K Gallivan Plaza planning ◦Commercial Assistance Programs ◾$226K Commercial revolving loans ◾$3.7M Commercial Assistance Program ◦Strategic Intervention ◾$4M in holding account for property acquisition, site development costs, and community benefits ◦Infrastructure Improvements ◾$50K City Creek daylighting ◾$550K Sugar House Deseret Industries demolition ◾$3.6M Depot District ◾$100K North Temple ◦Infrastructure Studies and Planning Program ◾$300K Ballpark planning •Specific allocations for discretionary expenses •Housing activities – program/project insights: ◦$2M Property acquisition MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 16, 2023 6 ◦$1.5M Accessory Dwelling Unit (ADU) program ◦$4.5M Housing Development Loan Program (HDLP) ◦$380K Family and workforce housing – through interlocal agreements with Salt Lake City School District ◦$2.8M Shared equity •Specific allocations for housing funds •Administrative expenses – project/program insights: ◦Approximately $300K for (2) new full-time employees (FTEs) 4.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. Item not held. 5.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 Scheduling Items. Item not held.   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: NONE.     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.Tentative 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; MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 16, 2023 7 Adjournment   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. Item not held. G.   MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 16, 2023 8 Meeting adjourned at: 3:10 pm. Minutes Approved: August 8, 2023. _______________________________ Redevelopment Agency Chair – Alejandro Puy _______________________________ City Recorder – Cindy Trishman Please refer to Meeting Materials (available at www.data.slc.gov by selecting Public Body Minutes) for supportive content including electronic recordings and comments submitted prior to or during the meeting. Websites listed within the body of the Minutes may not remain active indefinitely. This document along with the digital recording constitutes the official minutes of the Salt Lake City Redevelopment Agency meeting held Tuesday, May 16, 2023 and is not intended to serve as a full transcript. Please refer to the electronic recording for entire content pursuant to Utah Code §52-4-203.   MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 16, 2023 9 Alejandro Puy (Sep 15, 2023 12:58 MDT) May 16, 2023 RDA Minutes - Approved August 8, 2023 Final Audit Report 2023-09-25 Created:2023-09-15 By:DeeDee Robinson (deedee.robinson@slcgov.com) Status:Signed Transaction ID:CBJCHBCAABAAqIeb6KwNVvNDLYiAltPT6UkCTeeCZcyd "May 16, 2023 RDA Minutes - Approved August 8, 2023" History Document created by DeeDee Robinson (deedee.robinson@slcgov.com) 2023-09-15 - 6:52:12 PM GMT Document emailed to alejandro.puy@slcgov.com for signature 2023-09-15 - 6:56:15 PM GMT Email viewed by alejandro.puy@slcgov.com 2023-09-15 - 6:58:18 PM GMT Signer alejandro.puy@slcgov.com entered name at signing as Alejandro Puy 2023-09-15 - 6:58:40 PM GMT Document e-signed by Alejandro Puy (alejandro.puy@slcgov.com) Signature Date: 2023-09-15 - 6:58:42 PM GMT - Time Source: server Document emailed to Cindy Trishman (cindy.trishman@slcgov.com) for signature 2023-09-15 - 6:58:43 PM GMT Document e-signed by Cindy Trishman (cindy.trishman@slcgov.com) E-signature obtained using URL retrieved through the Adobe Acrobat Sign API Signature Date: 2023-09-25 - 2:11:03 PM GMT - Time Source: server Agreement completed. 2023-09-25 - 2:11:03 PM GMT