02/13/2024 - Meeting Materials
Board of Directors of the
REDEVELOPMENT AGENCY OF
SALT LAKE CITY
AGENDA
February 13, 2024 Tuesday 2:00 PM
Council Work Room
451 South State Street, Room 326
Salt Lake City, UT 84111
SLCRDA.com
In accordance with State Statute and City Ordinance, the meeting may be held electronically. After 5:00
p.m., please enter the City & County Building through the main east entrance.
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: 14:21:48
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 Board offices, 451 South State Street, Suite
304, P.O. Box 145476, Salt Lake City, UT. 84114-5476.
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 November 14, 2023; December 12, 2023;
and January 9, 2024.
2.Resolution: Housing Development Loan Program (HDLP) Funding
Allocation for High Opportunity Areas
~ 2:10
p.m.
30 min.
The Board will receive a briefing about and consider adopting a resolution that would
approve up to $2.7 million for affordable housing projects located in “high opportunity
areas.” These funds are available through a special allocation within the RDA’s HDLP.
Two applicants responded to the Notice of Funding Availability (NOFA), requesting a
total of $5.35 million in low interest loans.
3.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.
4.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:
•Gallivan Updates;
•Project Updates; and
•Scheduling Items.
5.Report of the Chair and Vice Chair TENTATIVE
5 min.
Report of the Chair and Vice Chair.
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;
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
Adjournment
(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, February 8, 2024, 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.
The City & County Building is an accessible facility. 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.
PENDING MINUTES – NOT APPROVED
The Board of Directors of the Redevelopment Agency (RDA) of Salt Lake City met on Tuesday,
November 14, 2023.
The following Board Members were present:
Ana Valdemoros, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano, Sarah Young
The following Board Members were absent:
Victoria Petro
Present Agency Leadership:
Mayor Erin Mendenhall, Danny Walz – Director, Cara Lindsley – Deputy Director
Present City Staff:
Katherine Lewis – City Attorney, Cindy Lou Trishman – City Recorder, DeeDee Robinson –
Minutes & Records Clerk, Thais Stewart – Deputy City Recorder , Taylor Hill – Constituent
Liaison/Policy Analyst, Scott Corpany – Staff Assistant, Rachel Otto – Chief of Staff, Jennifer
Bruno – Council Deputy Director, Ben Luedtke – Public Policy Analyst, Kate Werrett – RDA
Project Manager, Tracy Tran – Project Manager, Lindsey Nikola – Deputy Chief of Staff, Austin
Taylor – RDA Project Manager, Marcus Lee – RDA Project Coordinator, Erik Fronberg –
Housing Stability Management Analyst
Director Chair Alejandro Puy presided at and conducted the meeting.
The meeting was called to order at: 2:00PM
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, November 14, 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 public comments.
B.Public Hearing - individuals may speak to the Board once per public hearing
topic for two minutes, however written comments are always accepted:
1.Resolution: RDA Budget Amendment No.1 for Fiscal Year 2023-24 -
-
The Board will accept public comment about a resolution that would amend the final
budget of the Redevelopment Agency of Salt Lake City for Fiscal Year 2023-24. 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 a single housekeeping item
to transfer funds to a City grant account for improved tracking and compliance reporting.
The use of the funds for affordable housing remains the same. There is a corresponding
item in the City’s General Fund Budget Amendment No 2.
Benjamin Luedtke provided a brief introduction.
There were no public comments.
Motion:
Moved by Director Wharton, seconded by Director Dugan to close the public
hearing and defer action to later on in the agenda.
AYE: Ana Valdemoros, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano, Sarah
Young
ABSENT: Victoria Petro
Final Result: 6 – 0 Pass
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, November 14, 2023
2
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 May 9, 2023; September 12, 2023; and
October 10, 2023.
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, November 14, 2023
3
Motion:
Moved by Director Dugan, seconded by Director Wharton to approve the
meeting minutes of May 9, 2023; September 12, 2023; and October 10, 2023.
AYE: Ana Valdemoros, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano, Sarah
Young
ABSENT: Victoria Petro
Final Result: 6 – 0 Pass
2.Resolution: RDA Budget Amendment No.1 for Fiscal Year 2023-
24 ~ 2:10 p.m.
5 min.
The Board will receive a briefing about and consider adopting a resolution that would
amend the final budget of the Redevelopment Agency of Salt Lake City for Fiscal Year
2023-24. 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 a single housekeeping
item to transfer funds to a City grant account for improved tracking and compliance
reporting. The use of the funds for affordable housing remains the same. There is a
corresponding item in the City’s General Fund Budget Amendment No 2.
Ben Luedtke indicated this topic was discussed a month ago and the briefing was
scheduled to collect any further questions from Directors.
There was no further discussion.
Motion:
Moved by Director Wharton, seconded by Director Dugan to adopt
Resolution 15 of 2023 RDA Budget Amendment No. 1 for Fiscal Year 2023-24
only for the item shown on the motion sheet.
AYE: Ana Valdemoros, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano,
Sarah Young
ABSENT: Victoria Petro
Final Result: 6 – 0 Pass
3.Informational: High Opportunity Areas: Proposed Map Update ~ 2:15 p.m.
20 min.
The Board will receive a briefing about a proposed update to how high opportunity areas
are identified using new criteria, updated Census data, and prioritizing economic status
variables like unemployment and poverty rates. In 2017, the Board appropriated $4.5
million for affordable housing developments in high opportunity areas of which $2.7
million remains available.
Tracy Tran, Erik Fronberg, and Austin Taylor provided information regarding:
High Opportunity Area (HOA) Map Update
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, November 14, 2023
4
•Data collection and funding history
•Goals of HOA program
•Challenges of HOAs
•Changes to the HOA map
•Comparison of metrics factored in the maps and corresponding results
•Current vs. proposed map comparison of HOAs
•Metrics and criteria for expanded service areas
Directors discussed:
•Holding off on re-appropriating additional HOA funding until progress was shown
in the newly added areas
•How long to wait until re-appropriating additional HOA funding
4.Informational: 900 South and 200 West Housing and Transit
Reinvestment Zone (HTRZ) Update and Intermodal Hub HTRZ
Creation
~ 2:35
p.m.
20 min.
The Board will receive a briefing about an HTRZ application submitted to the State
Committee for review/approval that is centered around the 900 South and 200 West
TRAX Stop, an upcoming HTRZ application for the intermodal transit hub at
approximately 600 West and 300 South, and next steps for both applications. The
briefing will also include state law requirements, city objectives, and RDA policies related
to HTRZs.
Jennifer Bruno provided a brief introduction.
Kate Werrett and Marcus Lee provided information regarding:
Housing & Transit Reinvestment Zones (HTRZ)
•State HTRZ objectives and requirements
•Eligible uses and capture rates for HTRZ Funds
•900 South HTRZ application contingently approved
◦Terms: 15-years, 80% tax increment, 20% of units to be affordable/averaging
60% AMI
◦Potential public projects: grand boulevards, Green Loop, TRAX extension,
public infrastructure improvements
•Intermodal Hub HTRZ information
•Next steps
◦900 South HTRZ – Interlocal agreement adoption, HTRZ implementation
◦Intermodal Hub HTRZ – Submission of HTRZ application
◦All HTRZs – HTRZ Tax increment reimbursement policy
•Status of the Granary HTRZ area and its upcoming expiration
5.Report and Announcements from the Executive Director TENTATIVE
5 min.
Report of the Executive Director, including a review of information items,
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, November 14, 2023
5
announcements, and scheduling items. The Board of Directors may give feedback or
policy input.
Item not held.
6.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:
•Project Updates;
•Program Updates; and
•Scheduling Items.
Danny Walz provided information regarding:
•Ballpark NEXT open house scheduled for Wednesday, November 15, 2023 from
6:00-8:00pm at the ballpark in suites 19 & 20 – attendees could participate in
visioning exercises, speak with project staff and GSBS Architects regarding process
updates
•Richmond Flats ribbon-cutting was scheduled for November 16, 2023 at 10:00am
– Richmond Flats was the first project to utilize HOA funds
•RDA Staff members having worked with a class of 34 Utah State University
landscape, architecture, and environmental planning students working on their
capstone project that analyzed and provided recommendations for several RDA
project areas, specifically redevelopment opportunities within the State Street,
Granary, CBD, Depot, and 9-Line project areas – final presentations to
stakeholders was scheduled for November 20, 2023 at 10:00am at Gallivan Hall
•Gallivan Staff were working hard to get the ice rink ready for opening tomorrow,
November 15, 2023
•Operational changes this year for the ice rink; open for limited hours for
Thanksgiving and Christmas, and updated/changed concession items to provide
more variety at a broader range of affordable rates
7.Report of the Chair and Vice Chair TENTATIVE
5 min.
Report of the Chair and Vice Chair.
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
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, November 14, 2023
6
Board upon request:
1.Informational: Redevelopment Agency Semi-Annual
Property Report Written Briefing
-
The Board will receive a written briefing of all Tier 1 and Tier 2 properties owned by the
RDA, as per the Land Disposition Policy. The November 2023 report includes the
description, address, parcel ID, size, zoning and tier category of each property. In
addition, the report details approximate acquisition date, current category of disposition,
interim use and proposed permanent use for each property.
Written briefing only. No discussion was held.
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;
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
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, November 14, 2023
7
Adjournment
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, November 14, 2023
8
Meeting adjourned at 2:50PM
Minutes Approved:
_______________________________
Redevelopment Agency Chair Alejandro Puy
_______________________________
City Recorder
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, November 14, 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, November 14, 2023
9
PENDING MINUTES – NOT APPROVED
The Board of Directors of the Redevelopment Agency (RDA) of Salt Lake City met on Tuesday,
December 12, 2023.
The following Board Members were present:
Sarah Young, Ana Valdemoros, Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy,
Darin Mano
Present Agency Leadership:
Mayor Erin Mendenhall, Danny Walz – Director, Cara Lindsley – Deputy Director
Present City Staff:
Katherine Lewis – City Attorney, Cindy Lou Trishman – City Recorder, Michelle Barney –
Minutes & Records Clerk, Thais Stewart – Deputy City Recorder , Isaac Canedo – Public
Engagement Communication Specialist, Taylor Hill – Constituent Liaison/Policy Analyst, Scott
Corpany – Staff Assistant, Jennifer Bruno – Council Deputy Director, Allison Rowland –
Council Staff, Ashley Ogden – Senior Project Manager, Kate Werrett – RDA Project Manager,
Lauren Parisi – Senior Project Manager, Corinne Piazza – Senior Project Manager, Austin
Taylor – Project Manager, Marcus Lee – Project Coordinator
Director Dugan presided at and conducted the meeting.
The meeting was called to order at 2:06 pm
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, December 12, 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.)
Director Dugan welcomed everyone to the meeting and reviewed the rules of decorum.
Due to technical difficulties, comments were obtained (in writing) from those who wished
to speak.
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.Resolution: Housing and Transit Reinvestment Zone - Tax
Increment Reimbursement Program Policy
~ 2:05
p.m.
20 min.
The Board will receive a briefing about and consider adopting the Housing and Transit
Reinvestment Zone (HRTZ) Tax Increment Reimbursement Program Policy. Recent
changes in State law allow municipalities to establish these project areas around public
transit facilities to encourage mixed-use, affordable housing development and increased
public transit use. Tax increment reimbursement allows for a portion of the property tax
generated by a development to be returned to the developer over a fixed period of time.
Allison Rowland gave a brief overview of the proposal and stated the goal of the
briefing was to review the proposed modifications to the existing tax increment policy and
consider adopting the Housing and Transit Reinvestment Zones (HTRZs) Tax Increment
Reimbursment Program Policy.
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, December 12, 2023
2
Cara Lindsley and Lauren Parisi presented the policy including:
• Policy overview
• Values
• Livability benchmarks
Directors, Allison Rowland, Cara Lindsley, and Lauren Parisi discussed:
• Definitions of public art – where it would be displayed in the project
• Definition of affordable commercial spaces in the development
• Term of the loan (30 years)
Motion:
Moved by Director Mano, seconded by Director Petro to adopt Resolution 16
of 2023, adopting the Housing and Transit Reinvestment Zone Tax
Increment Reimbursement Program Policy.
AYE: Sarah Young, Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin
Mano
ABSENT: Ana Valdemoros
Final Result: 6 – 0 Pass
2.Resolution: 900 South Housing and Transit Reinvestment Zone
and Interlocal Agreement
~ 2:25
p.m.
20 min.
The Board will receive a briefing about the proposed 900 South HTRZ Interlocal
Agreement between Salt Lake City and the Redevelopment Agency of Salt Lake City. This
zone would include the general area of the Granary District and tax increment created by
development in this area would help create denser, transit-oriented development with
varying levels of housing affordability.
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, December 12, 2023
3
Allison Rowland gave a brief overview of the proposal
Danny Walz, Lauren Parisi and Kate Werrett presented the agreement including:
• Conditional approval of the Housing and Transit Reinvestment Zone (HTRZ)
• Terms & Plan Overview
• Development Support
• Tentative Schedule
Directors, Danny Walz, Lauren Parisi and Kate Werrett discussed:
• How funding for infrastructure and utilities was being used on the Westside
versus other project areas
3.Resolution: Changes in Bylaws ~ 2:45 p.m.
10 min.
The Board will consider adopting a resolution changing the bylaws of the Redevelopment
Agency of Salt Lake City relating to the eligibility of the Chair to run for a second term.
Jennifer Bruno gave a brief overview of the proposed changes to the Redevelopment
Agency (RDA) bylaws.
Directors discussed:
• Length of term for the Chair
• Whether or not to allow consecutive terms
• Existing language in the bylaws
• City Council versus RDA bylaw language regarding Chair terms
• Requiring longer time periods between terms (as Chair) if served consecutively
Motion:
Moved by Director Mano, seconded by Director Puy to adopt Resolution 17 of
2023, amending the bylaws to modify the chairperson’s term.
*update
AYE: Ana Valdemoros, Sarah Young, Victoria Petro, Daniel Dugan, Chris Wharton,
Alejandro Puy, Darin Mano
Final Result: 7 – 0 Pass
4.Informational: Ballpark NEXT Update ~ 2:55 p.m.
20 min.
The Board will receive a briefing about re-envisioning the City-owned Smith’s Ballpark
and parking lot. This includes a staff request to use existing State Street Project Area
Strategic Intervention Funds to support the search for a Design Consultant Team for
overall Ballpark design and implementation plans. The Ballpark NEXT Design
Competition, which concluded last spring, invited residents, students, and professionals
to submit their ideas for the future of the Ballpark Site.
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, December 12, 2023
4
Allison Rowland gave a brief overview of the proposal.
Corinne Piazza and Lauren Parisi presented the updated including:
• Community Visioning Process
• Design competition
• Guiding principles
• Design Team consultant request for proposal (RFP) and process
• Ballpark site stakeholders and opportunities
• Urban design framework
• Development RFP
• Proposed next steps
• Previous board action
Directors, Corinne Piazza, and Lauren Parisi discussed:
• Job duties of the Design Consultant
• What would be included in the design RFP and the development RFP
• Splitting the building into multiple smaller buildings instead of one lage structure
• Opportunities for different groups and organizations to not only be housed on the
property but to have the opportunity to own the property
• If it had been determined if the property would be sold or developed
◦ Director Petro was in favor of retaining the property for future cash flow
• Directors requested examples of similar projects in other cities and how they
functioned
Straw Poll
Support using State Street funds to search for the design consultant team. All Directors
present were in favor.
5.Resolution: Loan to Rocky Ventures, INC. for The Front
Climbing Club ~ 3:15 p.m.
20 min.
The Board will receive a briefing and consider adopting a resolution approving a
$2,000,000 loan with a three year term to Rocky Ventures for The Front HQ, a climbing
gym located at 1470 South 400 West in the State Street Project Area. The Front is
working to expand its gym by remodeling the existing structure and adaptively reusing
an adjacent vacant warehouse, combining two buildings into one single facility that will
offer approximately 70,000 square feet of space. The RDA loan would allow the owner to
complete the project quicker and begin offering expanded services sooner.
Austin Taylor and Cara Lindsley presented the application highlighting:
• Location and layout of the building
• Why an RDA loan
• Exception requests
• Phases I-III
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, December 12, 2023
5
• Proposed loan terms
• Collateral
Directors and Austin Taylor discussed:
• Grant qualifications the proposal did not meet (RDA design input and
sustainability)
• If exceptions could be made to the qualifications and if the ordinance needed to be
updated to allow for flexibility for these similar applications
• Issues with converting the heating system to electric due to ceiling height
• Use of the large fans to help cool the building
• Interest rates for the project
• Process to modify the loan if the balloon payment could not be made in three years
Motion:
Moved by Director Valdemoros, seconded by Director to adopt Resolution
18 of 2023 Loan to Rocky Ventures, Inc. for The Front Climbing Club.
AYE: Ana Valdemoros, Sarah Young, Victoria Petro, Daniel Dugan, Chris Wharton,
Alejandro Puy, Darin Mano
Final Result: 7 – 0 Pass
6.Informational: Station Center Funding Strategy ~ 3:35 p.m.
20 min.
The Board will receive a briefing about updated cost estimates and potential funding
options based on the forthcoming Station Center Vision & Implementation Plan. Station
Center is located in the Depot District Project Area between 500 to 600 West and 200 to
400 South. The RDA owns approximately eleven acres in Station Center and an
additional four acres near 600 West and 100 South. Station Center is envisioned to have
new and reconstructed streets, open spaces and upgraded utilities to allow for taller
building heights, a shared parking structure, and a mix of land uses.
Cara Lindsley, Ashley Odgen, and Marcus Lee presented the proposal highlighting:
• Key goals
• RDA’s charge
• Existing conditions
• Public improvements
• Sustainable utility upgrades
• Functional, safe streets
• Curating public places of culture, arts, and performance
• Leading with shared parking
• Budget – public improvements
• Proposed development timeline
• Catalyzing downtown street life
• Maximizing the Type of Development (TOD) potential
• Inviting people to live, work, play and learn downtown
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, December 12, 2023
6
Directors, Cara Lindsley, Ashley Odgen, and Marcus Lee discussed:
• Purpose of on-street parking around the project
• Timeline/prioritization of construction
• Ensuring something was constructed on the property even if updates were needed
in the future
• Developing the area would create opportunities to showcase it during the Olympics
and needed to be a priority
• Changing the name of the project to be more identifiable
• Eager to see redevelopment of the area
• Governance recommendations that might restrict the development of the property
7.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.
Mayor Mendenhall stated she would like to change the name from Station Center on the
previous project.
8.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:
• RDA Programs Update; and
• Scheduling items.
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, December 12, 2023
7
Danny Walz reviewed the $13.7 million Notice of Funding Availability (NOFA) stating
the submission deadline was January and applications would be brought before the
Board in March 2024.
Directors and Danny Walz discussed:
• The amount of the NOFA
• Funding included in the NOFA
• How funding would be allocated
9.Report of the Chair and Vice Chair TENTATIVE
5 min.
Report of the Chair and Vice Chair.
• Announcement clarification on scrivener's error for RDA Budget Amendment No.
1.
Director Puy stated he had no announcements.
Director Dugan read the following announcement
• After the Board's adoption vote in November, Finance determined the $6.4 million
should have been a negative amount instead of a positive amount because the
funds had not yet been transferred to the RDA as shown in the Fiscal Year 2024
annual budget
• The budget amendment is basically canceling the transfer of funds; the use
remains the same as part of the RDA's affordable housing NOFA
• This can be corrected as a scrivener's error (aka clerical error) since the intent was
clearly discussed at previous Board briefings and the resolution recording and
signature process have not yet been finalized
• Finance provided an updated budget spreadsheet showing the change. It's included
in today's meeting packet and in the public record
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
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, December 12, 2023
8
approving all of the following items:
NONE.
Adjournment
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;
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, December 12, 2023
9
Meeting adjourned at 3:39 pm
Minutes Approved:
_______________________________
Redevelopment Agency Chair Alejandro Puy
_______________________________
City Recorder
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, December 12, 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, December 12, 2023
10
PENDING MINUTES – NOT APPROVED
The Board of Directors of the Redevelopment Agency (RDA) of Salt Lake City met on Tuesday,
January 9, 2024.
The following Board Members were present:
Sarah Young, Victoria Petro, Daniel Dugan, Eva Lopez Chavez, Chris Wharton, Alejandro Puy,
Darin Mano
Present Agency Leadership:
Mayor Erin Mendenhall, Danny Walz – Director, Cara Lindsley – Deputy Director
Present City Staff:
Katherine Lewis – City Attorney, Cindy Lou Trishman – City Recorder, Stephanie Elliott –
Minutes & Records Clerk, Thais Stewart – Deputy City Recorder , Allison Parks – Senior City
Attorney, Taylor Hill – Constituent Liaison/Policy Analyst, Scott Corpany – Staff Assistant,
Mary Beth Thompson – Chief Financial Officer, Lauren Parisi – Senior RDA Project Manager
Director Chair Puy presided at and conducted the meeting.
The meeting was called to order at 2:03 pm
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, January 9, 2024
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 Board offices, 451 South State Street, Suite
304, P.O. Box 145476, Salt Lake City, UT. 84114-5476.
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.)
Fredrick Jenry spoke about the east/west divide, and the Rio Grande Divide. They
suggested Salt Lake City lobby the State of Utah for the funds to implement the Rio
Grande Plan moving forward.
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 Chair and Vice Chair ~ 2:05 p.m.
20 min.
The Board will take a straw poll to nominate the Board Chair (proposed to be a one-year
term if the bylaws are amended as previously discussed) and Vice Chair (a one-year
term). The process includes expressions of interest from Board Members, nominations
for each position, and then voting each for the Chair and Vice Chair positions.
Straw Poll
Support to elect Director Puy for Chair of the RDA Board. All Director’s were in support.
7-0 Yes
Straw Poll
Support to elect Director Mano for Vice Chair of the RDA Board. All Director’s were in
support. 7-0 Yes
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, January 9, 2024
2
Motion:
Moved by Director Dugan, seconded by Director Petro to enter to elect
Director Puy as Chair and Director Mano as Vice Chair of the RDA.
AYE: Sarah Young, Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin
Mano, Eva Lopez Chavez
Final Result: 7 – 0 Pass
2.Utah Open Meetings Law Training ~ 2:25 p.m.
20 min.
The Board will receive a briefing from the City Attorney’s Office about the Utah Open
Meetings Law training. This briefing will serve as the annual training for both the Board
of Directors of the Redevelopment Agency and the City Council.
Allison Parks presented the Open and Public Meetings Act to the Board:
•State Law – Open and Public Meetings Act (OPMA)
•Meetings of a public body are open to the public unless an exception allows the
meeting to be closed
•Law applies to meetings of public bodies, in-person or electronic
◦Meetings of at least a quorum to discuss, receive comments, or act on a
matter over which the body has advisory power and jurisdiction
◦Include emails if they are discussing the public’s business
•Requires public notice of agenda, time, place, and date of each meeting – 24
hours notice required
◦Class A notice: posted on Utah Public Notice Website, RDA/Council
websites, and a public place
•Emergency meetings are the exception to 24-hour notice, with an attempt to notify
every member of the body
•Meeting record requirements in open vs closed meetings
•Closed meetings can only be held to discuss specified topics
◦Must always start as an open meeting
◦Must announce the reason for entering into a closed session
◦Must have 2/3 votes to approve closing the open meeting
◦Can be charged with a Class B misdemeanor or bring a lawsuit for violations
•Public comment and participation
•Disruption of meetings – removal of an individual if they willfully disrupt the
meeting
3.RDA Audit Review and Approval for Fiscal Year 2022-23 ~ 2:45 p.m.
15 min.
The Board will review and consider approval of the Fiscal Year 2022-23 RDA Audit,
which shows the Agency's financial conditions as of June 30, 2023.
Mary Beth Thompson introduced Michael Michaelson (Engagement Partner from
Eide Baily) who presented the following on the 2024 RDA Audit:
•Engagement partner having issued an unmodified opinion
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, January 9, 2024
3
•No significant difficulties with management
•Risk assessment
•Liability
•Allocating funds within the departments
•Material threshold
•Supplemental information
•No audit adjustments for financial transactions for 2023
See Meeting Materials for the full report from Eide Baily.
4.Resolution: USA Climbing National Training Center Ground Lease at
Approximately 310 South 500 West -
-
The Board will receive a briefing and consider approving a resolution that would
authorize the lease rate and terms for USA Climbing Headquarters and Training Facility
at Approximately 310 South 500 West. The development is envisioned to include
adaptive reuse of the historic Salt Lake Mattress Company building, construction of a
primary building with multiple climbing walls, and a public outdoor plaza on the corner.
Related improvements could include a temporary surface parking lot if needed, a
permanent parking structure, utility upgrades, new streets, and reconstruction of
existing streets, among other potential projects.
5.Informational: City Creek Daylighting Design Plan Along the
Folsom Trail ~ 3:00 p.m.
20 min.
The Board will receive a briefing about updated designs to daylight (bring to the surface)
a portion of City Creek that runs parallel to the Folsom Trail from approximately 700
West to 1000 West. The designs include a public restroom, pond, pedestrian bridges,
bike racks, amphitheater, and public art among other amenities. The project is being
coordinated with another project to complete the Folsom Trail which is funded by $5
million from the voter-approved Parks, Trails & Open Space Bond.
Lauren Parisi and Bradley Kraushaar (Consultant with CRSA) presented the
following information:
•Phases of engagement
◦Survey being the first phase
•Project site location in Salt Lake City
•Continuing work already completed on trial phase
•Design was focused on water flowing through the trail while working with the
existing paths and constraints
•Incorporating the old rail corridor into the design
•Three segments – Urban Main segment, Neutral/Passive segment, and
Plaza/Destination segment
•Existing culvert and plan to create a usable space
•How water would flow across the entire project
•Design intent of interactive benches and furniture
•Retaining functionality of parking while creating pedestrian-friendly areas
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, January 9, 2024
4
•Potential public art locations for murals, street-crossing art, and lighting
installations
•Train track crossing and the solution for pedestrian crossings and not redoing prior
construction completed
Directors discussed the following:
•The homelessness crisis and how to develop this trail while using the funds wisely
to help the unsheltered
•Connecting the path over the train tracks and streets using the existing pedestrian
walkways
•How water would be pumped from the pond through the trail
•How to preserve and keep the water sanitary
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.
No announcements from the Executive Director.
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:
•Project Updates;
•Community Updates; and
•Scheduling Items.
Danny Walz gave the the following announcements:
•Funding allocated for affordable housing
•Staff received two applications for the High Opportunity Funds Incentive
•Development of the Senior Center and other types of affordable housing
•Gallivan Center holding free dance events for the remainder of winter, information
on their website https://thegallivancenter.com/
•Director Talitha Day of the Gallivan Center retiring after 23 years with the City
8.Report of the Chair and Vice Chair TENTATIVE
5 min.
Report of the Chair and Vice Chair.
No report from the Chair or Vice Chair
D.Written Briefings – the following briefings are informational in nature and
require no action of the Board. Additional information can be provided to the
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, January 9, 2024
5
Board upon request:
NONE.
1.Informational: Pre-Disposition Property Report at 310 South 500 West in
Station Center -
-
The Board will receive a written briefing about plans for disposition of the property
located at approximately 310 South 500 West. This item is related to a proposed ground
lease and potential funding requests for a USA Climbing national training facility.
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;
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.
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, January 9, 2024
6
Adjournment
Motion:
Moved by Director Mano, seconded by Director Wharton to Enter into a closed
session for the purposes of discussing real estate purchase, acquisition or lease,
the disposition of real property and advice of counsel.
AYE: Sarah Young, Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano,
Eva Lopez Chavez
Final Result: 7 – 0 Pass
Motion:
Moved by Director Dugan, seconded by Director Wharton to close the public
hearing.
AYE: Sarah Young, Victoria Petro, Daniel Dugan, Eva Lopez Chavez, Chris Wharton, Alejandro
Puy, Darin Mano
Final Result: 7 – 0 Pass
Closed Session Started at 3:55 pm.
Held via Zoom and in the Work Session Room (location)
Board Members in Attendance: Board Members Young, Petro, Wharton, Dugan, Puy, Lopez-
Chavez, and Mano
City Staff in Attendance: Rachel Otto, Danny Walz, Lindsey Nikola, Megan Yulli, Cara Lindsley,
Katherine Lewis, Sara Montoya, Allison Parks, Mary Beth Thompson, Lucas Goodrich, Amanda
Greenland, Marcus Lee, Erin Cunningham, Kathryn Hackman, Lauren Parisi, Robyn Stine, Kate
Werrett, Tracy Tran, Ashley Ogden, Cindy Gust-Jenson, Jennifer Bruno, Ben Luedtke, Allison
Rowland, Whitney Gonzalez Fernandez, Matthew Brown, and Cindy Lou Trishman.
Closed Session ended at 4:40 pm.
G.
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, January 9, 2024
7
Meeting adjourned at: 4:40 pm
Minutes Approved:
_______________________________
Redevelopment Agency Chair Alejandro Puy
_______________________________
City Recorder
Please refer to Meeting Materials (available at https://data.slc.gov by selecting City Council
Meeting Information) 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, January 9, 2024 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, January 9, 2024
8
CITY COUNCIL OF SALT LAKE CITY
451 SOUTH STATE STREET, ROOM 304
P.O. BOX 145476, SALT LAKE CITY, UTAH 84114-5476
SLCCOUNCIL.COM
TEL 801-535-7600 FAX 801-535-7651
BOARD STAFF REPORT
THE REDEVELOPMENT AGENCY of SALT LAKE CITY
TO:RDA Board Members
FROM:Allison Rowland
Budget & Policy Analyst
DATE:February 13, 2024
RE: RESOLUTION: FUNDING ALLOCATION FOR GAP FINANCING FOR HIGH
OPPORTUNITY AREAS
ISSUE-AT-A-GLANCE
The Board will consider funding allocations and preliminary terms for two affordable housing projects located in
“high opportunity areas” through the RDA’s Housing Development Loan Program (HDLP). Together, the two
projects requested $5.35 million in low interest loans, which exceeds the current allocation of $2.7 million for
this type of project. The allocation of funds for “high opportunity areas” dates from 2017, when the Board
authorized $4.5 million for projects located in neighborhoods that provide residents with improved chances at
upward economic mobility, like good schools, public transit access, and health care facilities.
RDA staff plans to transmit the remaining HDLP Notice of Funding Availability (NOFA) applications for
discussion in the March meeting. The Board could decide on the high opportunity applications at the February
or March RDA meetings.
In summary, the two requests in high opportunity areas this year are:
-515 Tower - Conversion Phase I at 515 East 100 South. The request is for $2,650,000 for 96 units of
“shared-equity” affordable housing to be developed by the Perpetual Housing Fund of Utah. This
developer also applied for competitive HDLP funding and would use any funds granted from either
source for this project.
-Fairmont Heights II at 2257 South 1100 East. The request is for $2,700,000 for affordable housing
to be developed by Lincoln Avenue Capital. This developer also applied for $3.2 million from the general
competitive HDLP funding for their Fairmont Heights 1 project, for a total of $5,900,000.
On February 1, the RDA Finance Committee recommended fully funding the 515 Tower - Conversion Phase I.
Item Schedule:
Briefing: February 13, 2024
Set Date: N/A
Public Hearing: N/A
Potential Action: TBD
Page | 2
Goal of the briefing: Discuss the two applications for HDLP funding in high opportunity areas and consider
approving funds for one or both of the projects.
BACKGROUND AND ADDITIONAL INFORMATION
A. Project Descriptions.
1.515 Tower - Conversion Phase I. This phase of this project would involve the adaptive re-use of
a former office building at 515 East 100 South. The RDA loan of $2,650,000 would help fund 96
units of affordable and deeply affordable units. One half of the total units (48) would have three or
four bedrooms, with the remaining units mostly studios. The project received 9% Federal LIHTC
housing credits. The interest rate would be 2% for this 15-year cash-flow loan. The Board priorities
met with this project would be Family Housing, Target Populations (Deeply Affordable Units),
Expand Opportunity, Adaptive Re-use, Transportation Opportunities, Commercial Vitality. See
additional information on Sources and Uses of funding for this project below.
This project would be the first to be developed through the recently created Perpetual Housing Fund
of Utah, which purchased this property with funded with a $10 million allocation from the City’s
American Rescue Act Plan (ARPA) funds. Under a “shared-equity” model, 75% of any profits or
appreciation for this phase of the development would be shared among the residents through a
tenant wealth-building program.
This developer also applied for competitive HDLP funding and stated that it would use any funds
granted from either source for this project.
2.Fairmont Heights II. This project would use $2,700,000 of HDLP funds for affordable senior
housing at 2257 South 1100 East. Fifty-five one- and two-bedroom units would be constructed,
including five units reserved for people who have experienced chronic homelessness, five units for
mobility impaired individuals, and nine units for people with disabilities. The interest rate would be
1% for this two-year acquisition loan with a balloon payment or conversion at the end of that period.
The Board priorities met with this project would be Target Populations (Deeply Affordable Units),
Expand Opportunity, Transportation Opportunities, Architecture and Urban Design. See additional
information on Sources and Uses of funding for this project below.
The developer, Lincoln Avenue Capital seeks an acquisition-to-permanent financing loan, which
means initial funds would be used to buy the property. The developer would need to obtain tax
credits, financing, and building approvals within two years, or would be required to repay that loan.
If the developer succeeds, the acquisition loan could be converted to a long-term (permanent) loan
The developer also applied for $3.2 million from competitive HDLP funding for their Fairmont
Heights 1 project, which is on the same property, for a total of $5.9 million.
Page | 3
B. Background.
1.Housing Development Loan Program (HDLP) Policy. The HDLP provides low-interest loans to
incentivize the development and preservation of affordable housing in Salt Lake City. Each year, RDA
staff presents a Housing Development Funding Strategy that proposes funding priorities and
allocations, as well as projecting revenues for the upcoming fiscal year. The process is designed to
provide flexibility for meeting current needs, leverage current opportunities, coordinate with other City
resources, and shift funding priorities to reflect evolving plans and policies.
2.Housing Priorities for Fiscal Year 2024. Applicants are required to meet the requirements laid
out in the RDA’s HDLP Guidelines and Application Handbook, as well as the annual housing priorities
set by the Board. For FY24, at least one of the following had to be met to qualify for consideration for
funding:
•Deeply Affordable Housing Threshold Requirement: at least 10% of the total residential
units shall be income and rent restricted to households earning 40% of the area median income
AND deed restricted for both rent and income
•Family Housing Threshold Requirement: a minimum of 10% of the total residential units
shall have three or more bedrooms and shall be income and rent restricted to those earning
60% AMI and below, with AMI limits as established by HUD.
3.High Opportunity Areas. In 2017, the RDA Board allocated $4.5 million to incentivize the
development and preservation of affordable housing located within High Opportunity Areas. The High
Opportunity Area map was updated in 2023, to reflect newer data and metrics, which resulted in an
expanded area that qualifies for these funds.
POLICY QUESTIONS
1. Does the Board wish to be informed of the RDA staff recommendations for other HDLP
loans before making decisions on these two high-opportunity area projects?
Page | 4
2. If the Board chooses to fully fund the 515 Tower - Conversion Phase I at the requested
amount of $2,650,000, would it like to consider moving the $50,000 to the regular HDLP
funding balance to help fund other affordable housing projects?
HIGH OPPORTUNITY AREA FUNDS
AFFORDABLE HOUSING APPLICATIONS
BOARD OF DIRECTORS MEETING – FEBRUARY 13, 2024
OVERVIEW
HIGH OPPORTUNITY AREA FUNDS
•High Opportunity Areas: neighborhoods that provide access to
resources that improve chances at economic mobility
•2017 - RDA Board set aside $4.5M to incentivize affordable housing
developments located in High Opportunity Areas
•Funds have remained open
•RDA Board approved $1.8M loan in 2019
•$2.7M available through Housing Development Loan Program
(HDLP) for affordable housing in high opportunity areas
•2023 - Map was updated to reflect newer data and metrics
APPLICATIONS
•2 applications received for requests of $5.35M
o 515 Tower – Conversion Phase I - $2.65M
o Fairmont Heights II - $2.7M
HIGH OPPORTUNITY AREA MAP
HOUSING DEVELOPMENT LOAN PROGRAM
PROJECTS REQUIRED TO MEET HDLP GUIDELINES
ANNUAL HOUSING PRIORITIES - APPLICATIONS MUST MEET ONE
OF THE FOLLOWING
•Deeply Affordable Housing: 10% of units must be affordable to those
earning 40% AMI and below
•Affordable Family-Sized Housing: 10% of the units must have 3
bedrooms or more and shall be affordable to those earning 60% AMI
and below
RDA SUSTAINABLE DEVELOPMENT POLICY
All project must meet the following:
•Designed to Earn Energy Star Score of 90+
•100% electric building operation (no onsite fossil fuel combustion)
•Participation in SLC’s Energy Benchmarking Program
HOUSING DEVELOPMENT LOAN PROGRAM
PROJECT PRIORITIES: USED TO EVALUATE PROJECTS AND
PROVIDE INTEREST RATE REDUCTIONS
•Family Housing
•Target Populations
•Homeownership
•Missing Middle and Unique Housing Types
•Sustainability
•Transportation Opportunities
•Neighborhood Safety
•Expand Opportunity
•Architecture and Urban Design
•Commercial Vitality
•Historic Preservation/Adaptive Reuse
•Public Art
APPLICATION EVALUATION
BASED ON THE HDLP GUIDELINES, APPLICATIONS WILL BE
EVALUATED BASED ON THE FOLLOWING CRITERIA
1.Alignment with project priorities
2.Content and quality of the project narrative
3.Qualifications and experience of the applicant and development team
4.Content, effectiveness, and appropriateness of the budget, sources
and uses, operating proforma, and related assumptions
5.The readiness of the project to proceed to construction
6.Any and all content regarding building and site design
515 Tower -
Conversion Phase 1
Fairmont Heights
Phase II
HIGH OPPORTUNITY AREA APPLICATIONS
APPLICATIONS
PROJECT DEVELOPER ADDRESS FUNDING
REQUEST PRELIMINARY TERMS RESIDENTIAL
UNITS
PRIORITIES
MET
(WEIGHTED
POINTS)
515 Tower –
Conversion
Phase 1
Perpetual
Housing Fund
515 E 100 S
Salt Lake City,
UT 84102
$2,650,000 Construction to perm: 2%
interest rate, 15-year
term/am, cash flow
repayments
96: 20@ ≤40%
AMI, 76 @ 41-
60% AMI;
includes studios,
1, 3, and 4
bedrooms.
10
Fairmont
Heights II
Lincoln
Avenue
Capital
2257 S 1100 E
Salt Lake City,
UT 84106
$2,700,000 Acquisition: 1% interest
rate, 2-year term, balloon
payment or conversion to
permanent loan.
Construction to perm: 16-
year term, 40-year am, hard
repayments
55: 27 @ ≤40%
AMI, 19 @ 41-
60% AMI, 9@ 61-
80% AMI;
includes 1 and 2
bedrooms.
6
$5,350,000
RDA FINANCE COMMITTEE RECOMMENDATION
•FUND FULL $2.65 M REQUEST FOR 515 TOWER CONVERSION
PHASE 1
SALT LAKE CITY CORPORATION
451 SOUTH STATE STREET, ROOM 118 WWW.SLC.GOV · WWW.SLCRDA.COM
P.O. BOX 145518, SALT LAKE CITY, UTAH 84114-5518 TEL 801-535-7240 · FAX 801-535-7245
MAYOR ERIN MENDENHALL
Executive Director
DANNY WALZ
Director
REDEVELOPMENT AGENCY of SALT LAKE CITY
STAFF MEMO
DATE: January 26, 2024
PREPARED BY: Tracy Tran, Senior Project Manager
RE: Consideration and Adoption of a Resolution Approving Funding Allocation
for Gap Financing through a Notice of Funding Availability for High
Opportunity Areas through the Housing Development Loan Program
REQUESTED ACTION: Consider approving affordable housing funding allocations as selected
through a Notice of Funding Availability for High Opportunity Areas
through the Housing Development Loan Program
POLICY ITEM: Affordable Housing – Housing Development Loan Program
BUDGET IMPACTS: $2,7000,000 of RDA funds set aside for affordable housing located
within High Opportunity Areas
EXECUTIVE SUMMARY: In 2017, the Redevelopment Agency of Salt Lake City (“RDA”) Board
of Directors (“Board”) allocated $4.5 million to incentivize the development and preservation of
affordable housing located within High Opportunity Areas, which are neighborhoods that provide
access to resources that improve chances at upward economic mobility. In 2019, the RDA Board
received and approved a $1.8 million loan application for these funds. The Board has directed staff to
continue to solicit applications for projects within High Opportunity Areas on an ongoing basis until
funds are expended. In late 2023, the High Opportunity Area map was updated to reflect newer data
and metrics, which resulted in an expanded area that qualifies for these funds. $2.7 million remains in
High Opportunity Area Funds (“HOAF”) through the Housing Development Loan Program (“HDLP”).
Although the HOAF have not been advertised in a competitive manner like the RDA’s annual
competitive HDLP Notice of Funding Availability (NOFA), RDA staff received two applications on
January 3, 2024, with total requests of $5.35 million for the remaining $2.7 million.
Guiding Policy
The HOAF are being administered pursuant to the Housing Allocation Funds Policy (“Funds Policy”),
resolution R-1-2022, and the Housing Development Loan Program Policy (“HDLP Policy”), resolution
R-2-2022, which replaced the Affordable Housing Notice of Funding Availability Policy, resolution
R-17-2018. The Funds Policy establishes policies for allocating and directing resources for the
development and preservation of housing by various funding sources. Highlights of the Funds Policy
1
include:
•Housing Funds: The Policy establishes four housing funds based on fund source. The revenues,
expenditures, interest, and payments for each fund source shall be separately accounted for to
ensure the RDA control and oversight to comply with statutory requirements.
•Annual Budgeting Process: The policy provides that on an annual basis, the RDA shall present
for the Board’s consideration a Housing Development Funding Strategy that projects revenues
for the upcoming fiscal year and proposes funding priorities and allocations. This will allow
the RDA to be flexible to address current needs, leverage current opportunities, coordinate with
other city resources and allow funding priorities to align with evolving plans and policies.
The HDLP provides low-cost financial assistance to incentivize the development and preservation of
affordable housing within Salt Lake City municipal boundaries. The HDLP Policy provides a
centralized application, underwriting, and approval process regardless of the fund source and also
features:
•Funding allocations and priorities determined on an annual basis. The funding priorities for
these funds were based on the FY2023-24 Annual Housing Funding Priorities.
•The transparent administration of funds through a Notice of Funding Availability (NOFA)
process. Revenue from various funds may be combined into a consolidated NOFA or a NOFA
may be issued for a specific funding source. NOFAs could be offered on an annual basis or
multiple times per year and can be competitive or open-ended depending on availability of
funds, priorities, and demand.
•A standardized process for approving applications and a uniform set of underwriting policies.
FY2023-2024 Annual Housing Priorities
In April 2023, the Board adopted the FY2023-2024 Annual Housing Funding Priorities. These
priorities included Threshold Requirements for the HDLP, which requires developments to meet at
least one of the following to qualify for funding in addition to threshold requirements laid out in the
HOAF HDLP Guidelines + Application Handbook:
•Deeply Affordable Housing Threshold Requirement
o Policy Objective: Expand the availability of units for extremely low-income
households, thereby providing housing options for individuals or families that are
homeless or at risk of homelessness.
o HDLP Implementation: To meet the RDA’s deeply affordable threshold, at least 10%
of the total residential units shall be income and rent restricted to households earning
40% of the area median income (“AMI”) and below as established by the U.S.
Department of Housing and Urban Development (“HUD”). These units will be rent
and income deed restricted.
•Family Housing Threshold Requirement
o Policy Objective: Provide opportunities for families to enjoy the many benefits of
urban living by encouraging the development of housing that is more conducive to
larger household sizes.
o HDLP Implementation: For a development to qualify for these funds, a minimum of
10% of the total residential units shall have three or more bedrooms and shall be income
and rent restricted to those earning 60% AMI and below, with AMI limits as established
by HUD.
2
Application Submissions
Pursuant to the policies, the RDA administered a transparent application process for the $2.7 million
in HOAF. RDA staff received two (2) loan applications for funding totaling $5.35 million. Please refer
to Attachment A: Applications Overview and Attachment B: Project Summary Sheets for additional
information.
The RDA has reviewed the application submittals, and the RDA Finance Committee (“Committee”)
will provide recommended applications for funding. This memorandum includes a summary of
application submittals and the Committee’s recommendations for the Board’s consideration and
determination of funding allocations will be provided after the February 1 meeting.
ANALYSIS & ISSUES:
Below is an overview of the HOAF HDLP application process:
I. Application Process
In 2018, the RDA issued a NOFA to solicit applications for approximately $4.5 million
available for affordable housing projects located within High Opportunity Areas or areas that
provide resources that improve chances at upward economic mobility. In 2019, the RDA Board
received and approved a $1.8 million loan application for these funds. The remaining $2.7
million in HOAF have been open and continued to be advertised. In November 2023, the High
Opportunity Area map was updated to reflect newer data and metrics, which resulted in an
expanded area that qualifies for these funds. A copy of HOAF Guidelines + Application
Handbook that applicants used to apply can be found here.
II.Project Review
As part of the application review process, RDA staff analyzed applications according to the
HDLP Policy’s eligibility requirements and project priorities, which can be found in
Attachment C: Project Priorities and Interest Rate Reductions. The housing priorities include
the ability for an applicant to receive an interest rate reduction if priorities are met. All HDLP
loans will be available to selected projects for acquisition, construction, and/or development
uses. The RDA recognizes that the construction sources and uses for projects may not be the
same as the permanent sources and uses and that the amount of debt that the HDLP loans are
subordinated to may vary depending on the status of the projects. The RDA Finance Committee
will review and evaluate the applications and provide a recommendation to the RDA Board.
III. Funding Allocations, Conditional Commitment, and Loan Closing
Pursuant to the Policy, the Board will make the final determination of applications to fund.
Subsequently, the RDA will issue a conditional commitment letter to those applications that
are selected for funding. The conditional commitment letter between the RDA and the applicant
will contain the covenants, terms and conditions upon which the RDA will provide financial
assistance to the proposed project once financial, legal, regulatory, and design approvals are
obtained. Prior to closing on a loan, RDA staff will ensure that the project is financially viable,
underwriting standards are met, and the use of public funds is necessary for the project to
succeed.
3
RDA STAFF REVIEW: As part of the initial application review process, RDA Staff verified that all
applications meet the Threshold Requirements laid out in the HOAF Guidelines + Application
Handbook. RDA staff affirms that all applications meet or will meet the Threshold Requirements.
Below is an overview of the submitted applications:
PROJECT DEVELOPER ADDRESS FUNDING
REQUEST
1.515 Tower -
Conversion Phase I*
Perpetual Housing Fund of
Utah
515 East 100 South
Salt Lake City, UT
84102 $2,650,000
2.Fairmont Heights
II**Lincoln Avenue Capital
2257 South 1100
East
Salt Lake City, UT
84106 $2,700,000
TOTAL FUNDING REQUEST: $5,350,000
AVAILABLE FUNDING: $2,700,000
*This project also applied for funding through the competitive HDLP. They are seeking a total of $2,650,000
between the two applications. If they receive the full amount in this process, they will not need the amount within the
competitive HDLP.
**This project also applied for funding through the competitive HDLP. They are seeking a total of $5,900,000
between the two applications.
Additional details of the HOAF HDLP applications can be found in Attachment A: Applications
Overview and Attachment B: Project Summary Sheets.
RDA FINANCE COMMITTEE RECOMMENDATION: The RDA Finance Committee will
review the applications and provide their funding recommendation at their February 1, 2024 meeting.
Refer to Attachment D: RDA Finance Committee Funding Recommendation for recommendation
detail.
PREVIOUS BOARD ACTION:
•November 14, 2023: RDA Staff briefed the Board on the updated data set, methodology, and
map for High Opportunity Areas.
•April 12, 2023: The Board adopted the Affordable Housing Funding Priorities for Fiscal Year
2023-24.
•March 8, 2022: The Board adopted revisions to the Housing Development Loan Program
Policy to direct review of applications to the RDA Finance Committee.
•February 9, 2022: The Board adopted revisions to the Housing Allocation Funds Policy.
•March 2021: The Board adopted the Housing Development Loan Program Policy, which
repealed the Affordable Housing Notice of Funding Availability Policy.
•February 2021: The Board adopted the Housing Allocation Funds Policy.
•May 2020: The Board adopted Resolution R-10-2020, which amended the loan terms to
structure the loan into two phases with conditions.
4
• December 2019: The Board adopted Resolution R-25-2019, which allocated $1,800,000 and
established a conditional commitment to the Community Development Corporation of Utah
(CDCU) for an affordable housing project located within a high opportunity area.
• June 2018: The Board adopted policy guidelines and funding priorities for the NOFA,
Resolution R-17-2018 (Affordable Housing Notice of Funding Availability Policy).
• December 2017: The Board adopted the third amendment for FY 2017-2018, which includes
$4,500,000 for a high opportunity area NOFA.
ATTACHMENTS:
A. Applications Overview
B. Project Summary Sheets
C. Project Priorities and Interest Rate Reductions
D. RDA Finance Committee Funding Recommendation
E. High Opportunity Area Funding Allocation Resolution
5
Project 515 Tower ‐ Conversion Phase I Fairmont Heights II
Developer Perpetual Housing Fund Lincoln Avenue Capital TOTAL
Address 515 E 100 S 2257 S 1100 E
RDA Loan Request
RDA Request 2,650,000$ 2,700,000$ 5,350,000$
Total Project Cost 39,231,648$ 34,009,242$
RDA Loan to Cost 6.8%7.9%7.3%Average
Acquisition Loan
Interest Rate (w/ project priority deductions)n/a 1.0%1.0%Average
Term n/a 2
Amortization n/a TBD
Repayment Type n/a Balloon or conversion to permanent loan
Construction to Permanent Loan
Interest Rate (w/ project priority deductions)2.0%1.0%
Term 15 16
Amortization 15 40
Repayment Type Cash Flow Hard
Financial Metrics
Deferred Developer Fee %22%40%31%Average
Tax Credits Yes, 9% reserved Yes, 9%, applying for 2025
Cost per Unit 408,663$ 618,350$ 513,506$ Average
Cost per SF 458$ 1,085$ 771$ Average
Threshold Requirements
Family-Sized Affordable or Deeply Affordable Units Both Deeply Affordable
Energy Star Score 90+Cond. of Approval Cond. of Approval
100% Electric Cond. of Approval Cond. of Approval
Housing Unit Details
40% AMI and Below
Studio 15 - 15
1bd 2 18 20
2bd - 9 9
3bd 2 - 2
4bd 1 - 1
Total 40% AMI & Below 20 27 47
41%-60% AMI
Studio 25 - 25
1bd 6 15 21
2bd - 4 4
3bd 30 - 30
4bd 15 - 15
Total 41%-60% AMI 76 19 95
61%-80% AMI
Studio - - -
1bd - 7 7
2bd - 2 2
3bd - - -
4bd - - -
Total 61%-80% AMI - 9 9
Total Residential Units
Studio 40 - 40
1bd 8 40 48
2bd - 15 15
3bd 32 - 32
4bd 16 - 16
Total of the Total Residential Units 96 55 151
Priorities & Interest Rate Reductions
Family Housing 3
Target Populations 3 3
Transportation Opportunities 1 1
Expand Opportunity 1 1
Architecture and Urban Design 1
Commercial Vitality 1
Historic Preservation/Adaptive Reuse 1
NOFA Ranking Weight Total 10 6 8 Average
Priorities: The four Funding Priorities determined by the FY2023-2024 Annual Housing Funding Priorities include: Family Housing, Target Populations, Homeownership, and Missing
Middle/Unique Housing Type. These receive a weighted ranking of 3 points each as compared to other priorities which receive 1 ranking point.
Interest Rate Reductions: Projects receive a 0.5% interest rate reduction for each included priority. Sustainability allows for a 1% or 2% reduction. The maximum reduction per development
application is 2%.
ATTACHMENT A: APPLICATIONS OVERVIEW
6
ATTACHMENT B: PROJECT SUMMARY SHEETS
7
PROJECT NAME: 515 Tower - Conversion Phase I
ADDRESS: 515 E 100 S
OVERVIEW
Developer Perpetual Housing Fund of Utah
LLC
Request Type HDLP Loan – High Opportunity
Area
Project Type Adaptive Reuse
Existing Land Use Office
RDA FUNDING REQUEST
Funding Request $2,650,000
Total Project Cost $39,231,648
RDA Loan to Cost 6.75%
PROPOSED TERMS
Interest Rate 2%
Term, Amortization 15 Yr
Repayment Terms Cash Flow
Lien Priority Subordinate to permanent
debt
HDLP THRESHOLDS AND PRIORITIES
Family-Sized Units
and/or Deeply
Affordable Units
Family-Sized Units and
Deeply Affordable Units
90+ Energy Star Score Yes
100% Electric Yes
Priorities Met Family Housing, Target
Populations, Expand
Opportunity, Historic
Preservation/Adaptive
Reuse, Transportation
Opportunities, Commercial
Vitality
TIMELINE
Construction Start May 1, 2024
Construction Completion December 31, 2024
LOW-INCOME HOUSING TAX CREDIT
Applying for Tax Credits
(Y/N)
Yes
Tax Credits Reserved (Y/N) Yes, 9%, 2023 1 The Developer is committing an additional $625,000 of developer fee from the project to create an equity line of credit so that residents can access their equity prior to a refinance or sale event, for a total of $1,125,000 deferred developer fee.
HOUSING UNITS
Bedroom
Count
Total
Units
Market
Rate
41-60%
AMI
<40%
AMI
Studio 40 - 25 15
1 Bed 8 - 6 2
2 Bed - - - -
3 Bed 32 - 30 2
4 Bed 16 - 15 1
Total 96 - 76 20
CONSTRUCTION DEBT AHEAD OF RDA
Source Amount
Senior Debt $16,960,000
PERMANENT SOURCES
Source Amount % of Total
Senior Debt $6,508,958 16.7%
RDA Loan $2,650,000 6.8%
OLWHLF $1,000,000 2.6%
Utility Rebates $76,800 0.2%
LIHTC Equity $27,696,083 71%
SLCO ARPA Grant $598,584 1.5%
Deferred Fee1 $500,000 1.3%
Total $39,030,425 100%
USES
Use Amount % of Cost
Land $16,000,000 41.0%
Hard Costs $15,466,320 39.6%
Soft Costs $1,097,907 2.8%
Developer Fee $2,249,922 5.8%
Financing Expense $1,921,418 4.9%
Contingency $1,686,134 4.3%
Reserves $608,724 1.6%
Total $39,030,425 100%
8
PROJECT NAME: 515 Tower - Conversion Phase I
ADDRESS: 515 E 100 S
RDA APPLICATION NOTES
The RDA, through the City’s American Rescue Act Plan (ARPA) funds, allocated $10,000,000 to the Perpetual
Housing Fund of Utah, LLC to purchase this property for an affordable housing development with a tenant wealth
building program. This $10,000,000 will be used for the purchase of the property that would then allow PHF to
develop additional projects that carry out their goals to provide 1,000 affordable homes that will help families and
individuals build wealth. This is a unique model in which the developer will be contributing their own profits, which
they will share with the tenants of the building. This development also applied for funding through the competitive
HDLP, which will be in front of the RDA Finance Committee at a future date. The 515 Tower needs a total of
$2,650,000 and if the full amount is received through this round of high opportunity area funding, they will not
need to request funds through the competitive HDLP process.
PROJECT SUMMARY
From Developer: 515 Conversion Phase I a mixed-income, sustainable, adaptive-reuse project located on the East
side of Salt Lake City. The project is part of multi-phase, mixed-use project on the site and will be a beacon of
affordable housing in the rapidly unattainable east side of Salt Lake City. The overall project is planned to include a
mixed-income daycare, local retailers, and impact-focused commercial and co-working space. This project is
being developed by Perpetual Housing Fund and all 96 units in this phase will feature a shared-equity model -
sharing 75% of the phase's profits and appreciation with the residents living here. 515 will incorporate an array of
amenities that will benefit the lives of its residents including a fitness center, a clubhouse, a Greenbike station on
site (with annual passes included at no charge), indoor bike storage, a bike-repair station, and shared outdoor
space. Located within walking distance of the project is an elementary school, a core bus route, and a public park.
The project will also be fully electric, contributing to better air-quality in the area and improving the health and
wellbeing of its tenants. The units will also be built within the criteria for Enterprise Green Communities 2020.
DEVELOPER SUMMARY
The project is being developed by Perpetual Housing Fund with Giv Communities as a development consultant.
The team has successfully developed or consulted on over a thousand affordable housing units utilizing the Low-
Income Housing Tax Credit, OWHLF, and SLC loan programs along the Wasatch Front. Recent affordable housing
projects by the development team include:
Exchange - Salt Lake City
Project Open Phases 1 and 2 - Salt Lake City
Citizens West Phase I - Salt Lake City
Denver Street Apartments - Salt Lake City
Pamela's Place - Salt Lake City
Imagine Jefferson - Ogden
Startup Crossing - Provo
Harris Village Shelter and Permanent Supportive Housing - Tooele
9
PROJECT NAME: 515 Tower - Conversion Phase I
ADDRESS: 515 E 100 S
SITE MAP
PROJECT RENDERINGS
10
PROJECT NAME: 515 Tower - Conversion Phase I
ADDRESS: 515 E 100 S
11
PROJECT NAME: Fairmont Heights II
ADDRESS: 2257 S 1100 E
OVERVIEW
Developer Lincoln Avenue Capital and
Housing Authority of Salt Lake
City
Request Type HDLP Loan – High Opportunity
Area
Project Type New Construction
Existing Land Use Office
RDA FUNDING REQUEST
Funding Request $2,700,000
Total Project Cost $34,009,242
RDA Loan to Cost 7.9%
PROPOSED TERMS
Interest Rate 1%
Term,
Amortization
Acq: 2 Yr, Balloon or conversion
Perm: 16 Yr, 40 Yr
Repayment Terms Hard for construction to perm
Lien Priority Subordinate to permanent debt
HDLP THRESHOLDS AND PRIORITIES
Family-Sized Units
and/or Deeply
Affordable Units
Deeply Affordable Units
90+ Energy Star Score Yes
100% Electric Yes
Priorities Met Target Populations, Expand
Opportunity,
Transportation
Opportunities, Architecture
and Urban Design
TIMELINE
Acquisition May 1, 2024
Construction Start 2025
HOUSING UNITS
Bedroom
Count
Total
Units
Market
Rate
41-60%
AMI
<40%
AMI
Studio - - - -
1 Bed 40 7 15 18
2 Bed 15 2 4 9
3 Bed - - - -
4 Bed - - - -
Total 55 9 19 27
LOW-INCOME HOUSING TAX CREDIT
Applying for Tax Credits
(Y/N)
Yes, 9%
Tax Credits Reserved (Y/N) No
ACQUISITION SOURCES
Source Amount % of Total
RDA -HDLP
Competitive
$3,200,000 45.1%
RDA High Opp Funds $2,700,000 38.1%
HASLC Cash $800,000 11.3%
LAC Cash $390,000 5.5%
Total $7,090,000 100%
ACQUISITION USES
Source Amount % of Costs
Acquisition $7,000,000 98.7%
Insurance $40,000 0.6%
Closing Costs $50,000 0.7%
Total $7,090,000 100%
CONSTRUCTION DEBT AHEAD OF RDA
Source Amount
Senior Debt $21,767,665
PERMANENT SOURCES
Source Amount % of Total
Senior Debt $3,790,000 11.1%
RDA Loan $2,700,000 7.9%
Utility Rebates $142,500 .42%
LIHTC Equity $26,147,384 76.9%
Deferred Fee $1,229,257 3.6%
GP Capital
Contribution
$100 0.0%
Total $34,009,242 100%
PERMANENT USES
Use Amount % of Cost
Land $3,500,000 10.3%
Hard Costs $23,702,904 69.7%
Soft Costs $898,000 2.6%
Tax Credit Fees $308,375 .9%
Developer Fee $3,091,512 9.1%
Financing Expense
& Reserves
$2,146,018 6.3%
Escrow & Reserves $362,432 1.1%
Total $34,009,242 100%
12
PROJECT NAME: Fairmont Heights II
ADDRESS: 2257 S 1100 E
RDA APPLICATION NOTES
This project also applied for $3,200,000 for their Fairmont Heights I project through the competitive HDLP
process. Both phases of the project will be located on the same parcel with Phase 1 being built first and Phase 2 to
follow. The developer is seeking an acquisition to permanent financing loan, which means initial funds would be
used to buy the property, but the developer would need to obtain tax credits, financing, and building approvals
within 2 years. If successful, they would be able to convert their acquisition loan to a longer-term permanent
financing loan. If they are not successful, they will be required to pay back the loan at the end of the acquisition
loan term. This project is seeking funding from both sources of funds.
PROJECT SUMMARY
From Developer: This is Phase II of a two (2) phase project. Phase II is 55 units with 40 1 bed/1 bath units at 710
sf/unit, and 15 2 bed/2 bath units at 1038 sf/unit, with an emphasis on deeply affordable senior housing. The
structure will be a 7-story midrise building comprised of a 2-story parking deck and a 5-story wooden structure
containing the housing. The site is located near the Fairmont stop on the TRAX S-Line. 5 units will be set aside for
the chronically homeless, 5 units for mobility impaired individuals, and 9 units for the disabled. The site presents
an incredible opportunity to tie into the neighborhood fabric and locate housing near transit, employment,
recreation, and services. Both phases are designed to mirror the surrounding neighborhood. The project
transitions into the neighborhood using elements in both the contemporary form of the building and the materials
that clad its skin. The space on the ground floor along Simpson Avenue and 1100 S will activate the building to the
public and bring the design into the neighborhood. The pedestrian nature of the activities within and the rhythm of
the living units help the project feel comfortable.
DEVELOPER SUMMARY
From Developer: Lincoln Avenue Communities was founded with the mission to expand access to high-quality,
affordable homes for families, individuals, and seniors. This work is more important than ever amid historic
inflation and a nationwide housing affordability crisis that have weighed heavily on communities across the
country. These complex challenges have inspired us to continue developing innovative housing solutions that
embody the bold and creative spirit of our growing company. Over the past year, we’ve reaffirmed our commitment
to preserve and create thousands of affordable housing units, and we are excited to have recently broken ground
on several ground-up developments, adding much-needed units to communities across the country. Today, we’re
proud that more than 50,000 residents at 119 properties across 22 states call an LAC community their home.
We’ve maintained a resident-first approach across our portfolio, connecting families, individuals, and seniors with
local organizations, health resources, and opportunities to further their educational and career goals.
13
PROJECT NAME: Fairmont Heights II
ADDRESS: 2257 S 1100 E
SITE MAP
PROJECT RENDERINGS
14
PROJECT NAME: Fairmont Heights II
ADDRESS: 2257 S 1100 E
15
ATTACHMENT C: PROJECT PRIORITIES AND INTEREST RATE REDUCTIONS
Project priority criteria will be utilized to evaluate applications as well as provide for interest rate
reductions.
CATEGORY POLICY OBJECTIVE BENCHMARK
NOFA
RANKIN
G
WEIGHT
*
0.5%
INTEREST
RATE
REDUCTION
**
1 Family Housing
Provide opportunities
for families to enjoy
the many benefits of
urban living by
encouraging the
development of
housing that is more
conducive to larger
household sizes
Project provides at least
15%*** of the total units as
3+ bedroom units AND
includes family-oriented
community amenities, as
approved by RDA Staff.
3 X
2 Target
Populations
Expand the availability
of units for extremely
low-income households
and special
populations, thereby
providing housing
options for individuals
or families that are
homeless or at risk of
homelessness
Project sets aside at least
15%*** of the units for
extremely low-income
households (40% AMI or
less) and/or special
populations in partnership
with a governmental or
nonprofit entity
3 X
3 Homeownership
Create opportunities
for those who have
historically rented in
the community to
build wealth and
establish permanent
roots through
homeownership
Project is a for-sale product
that will be sold to income
qualified individuals/families
3 X
4
Missing Middle
& Unique
Housing Types
Promote an array of
scale of project types
to diversify the City’s
housing stock/forms
and provide more
affordable living
options for residents
Projects are either a missing
middle housing type (i.e.
townhomes, courtyard
apartments, small-scale
apartments) or a housing
type that is not commonly
built: tiny homes, modular
homes, pre-fab homes,
accessory dwelling units
(ADUs)
3 X
16
5 Sustainability
Achieve green building
and energy
conservation standards
to lower housing
expenses, conserve
resources, and
promote resiliency
Projects must be built to Off-
Site Net Zero or On-Site Net
Zero standard as described
in the RDA’s Sustainable
Development Policy
Resolution.
1 X****
6 Transportation
Opportunities
Promote a multimodal
transportation network
and ensure convenient
and equitable access
to a variety of
transportation options
Projects must meet two of
the following:
•Includes a car sharing,
bike sharing, or transit
pass program that is widely
available to employees/
residents
•Includes a commercial
project that includes
employee shower, locker,
and bicycle facilities
•Is located within 1/3 mile
walking distance of a TRAX
station or S-Line station
•Implements reduced
parking strategies without
negatively impacting the
neighborhood
•Incorporates majority of
parking within a primary
structure to minimize the
need for a surface parking
lot
1 X
7 Neighborhood
Safety
Utilize the
development of
housing to reduce the
number of vacant and
distressed buildings
and lots to reduce
crime and return land
to a productive use
Projects are located within
an active RDA project area,
refer to Attachment B: RDA
Project Area Map and
incorporate documented
Crime Prevention through
Environmental Design
(CPTED) principles. RDA
staff shall provide final
review and approval. RDA
staff may require Developer
to provide approval from a
certified professional.
1 X
8 Expand
Opportunity
Provide for
Neighborhoods of
Opportunity by
promoting the
economic diversity of
the housing stock
within neighborhoods
Projects are located within a
High Opportunity Area,
which is defined as an area
that provides conditions that
expand a person’s likelihood
for social mobility as
identified through an
1 X
17
analysis of quality-of-life
indicators. Refer to
Attachment A: High
Opportunity Area Map and
Table
9 Architecture &
Urban Design
Encourage housing
that is high-quality,
enduring, and that
contributes to
neighborhood context
and livability through
architectural and
urban design best
practices
Buildings shall include an
active ground floor use,
significant ground floor
glass, durable building
materials and engaging
building entrances as
determined by RDA staff
1 X
10 Commercial
Vitality
Foster a mix of land
uses and unique
neighborhood business
districts that
adequately meet the
local community’s
needs
Projects are mixed-use and
establish commercial spaces
within the development that
are lacking and desired.
These spaces shall be open
to the public and shall not
be spaces that are exclusive
to the development
1 X
11
Historic
Preservation
/Adaptive Reuse
Encourage the
preservation and/or
reuse of buildings to
preserve the character
of neighborhoods
Project acknowledges a
neighborhood’s history and
maintain its unique character
through preservation,
rehabilitation, or repurposing
of historic or underutilized
structures
1 X
12 Public Art
Promote cultural
expression and add to
the experience and
value of the built
environment through
art that is publicly
visible or accessible
for all to experience
Project contributes at least
1.5% of the RDA
contribution towards the
installation of art onsite or
towards the RDA art fund as
outlined in the RDA Art
Policy
1 X
*Note: NOFA Ranking Weight: Uses a number (the weight) between 1 and 3 to assess the importance of the funding priority,
with 1 being of lower importance and 3 being of the highest importance.
**Note: 0.5% Interest Rate Reductions: While 12 interest rate reductions are available, interest rates can be reduced by a
maximum of 2.0%. Please see Attachment B for applicable standard loan terms and conditions.
***Note: Between the two threshold requirements laid out in Section 3.7, if a project includes both family housing units and
deeply affordable units in accordance with this section, the project may receive the interest rate reduction by meeting the second
threshold requirement at a percentage of 10% instead of 15%.
****Note: Sustainability Interest Rate Reduction: As per the RDA’s Sustainable Development Policy, projects built to an Off-
Site Net Zero standard are eligible for a 1% interest rate reduction and projects built to an On-Site Net Zero standard are eligible
for a 2% interest rate reduction.
18
PROJECT/APPLICANT ADDRESS
PROJECT PRIORITIES/INTEREST RATE
REDUCTION AND WEIGHTED
PRIORITY SCORE**
FUNDING
REQUEST PRELIMINARY TERMS*
HDLP High Opportunity
Funds: $2,700,000
TOTAL $5,350,000 $2,650,000
Total Funds:2,700,000$
Recommended Funding: $ 2,650,000
Remaining Funds:$ 50,000
RDA FINANCE
COMMITTEE FUNDING
RECOMMENDATIONS
515 Tower - Conversion
Phase I - Perpetual Housing
Fund
515 E 100 S
Family Housing: 3
Target Populations: 3
Transportation Opportunities: 1
Expand Opportunity: 1
Commercial Vitality: 1
Historic Preservation/Adaptive Reuse: 1
TOTAL: 10
$2,650,000
2% interest rate, 15-year term,
15-year amortization, cash flow
repayments
$2,650,000
Fairmont Heights Phase II -
Lincoln Avenue Capital and
Housing Authority of Salt
Lake City
2257 S 1100
E
Target Populations: 3
Transportation Opportunities: 1
Expand Opportunity: 1
Architecture and Urban Design: 1
TOTAL: 6
$2,700,000
Acquisition: 1% interest rate, 2-
year term, balloon payment or
conversion to permanent loan.
Construction to permanent: 16-
year term, 40-year amortization,
hard repayments
*Final Terms shall comply with the requirements, standard loan terms and conditions, interest-rate reductions, and all other details laid out within the High Opportunity Area
Housing Development Loan Program (HDLP) Guidelines (updated November 2023). Changes to repayment type may occur (hard repayment versus cash flow repayment)
and shall be based on requirements listed in the HDLP Guidelines or if required by a senior lender. Changes in repayment type will cause a change in the base interest
rate. Repayment priority and lien position shall be based on the size of the loans. Funds may be disbursed in a lump sum if required by senior lenders.
**Projects receive a 0.5% interest rate reduction for each included priority. Sustainability allows for a 1% or 2% reduction. The maximum reduction per development is 2%.
The interest rate is calculated as follows: Base Interest Rate minus (-) Interest Rate Reductions (up to 2%) = proposed interest rate; Base interest rate shall be locked
within a month of closing. Projects shall maintain project priorities and the same weighted score at closing. Deviation from project priorites met may require Board
approval.
Attachment D: RDA Finance Committee Funding Recommendation
19
Attachment E: High Opportunity Area Funding Allocation Resolution
20
1
REDEVELOPMENT AGENCY OF SALT LAKE CITY
RESOLUTION NO. _______________
Housing Development Loan Program (HDLP)
Funding Allocation for High Opportunity Area Affordable Housing
RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY
OF SALT LAKE CITY APPROVING CITYWIDE AFFORDABLE HOUSING PROJECT
FUNDING ALLOCATIONS.
WHEREAS, the Redevelopment Agency of Salt Lake City (“RDA”) was created to transact the
business and exercise the powers provided for in the Utah Community Reinvestment Agency Act
(the “Act”).
WHEREAS, the Act provides that tax increment funds may be used for the purpose of
increasing the affordable housing supply within the boundaries of Salt Lake City.
WHEREAS, pursuant to a motion adopted by the RDA Board of Directors (the “Board”) on
December 5, 2017, the Board set aside $4,500,000 to be dedicated to funding for affordable
housing in areas of high opportunity (the “High Opportunity Funds”).
WHEREAS, the High Opportunity Funds were released for allocation pursuant to the
Affordable Housing Notice of Funding Availability Policy (“NOFA Policy”), passed by the
Board as Resolution R-17-2018.
WHEREAS, the Board subsequently approved Resolution R-25-2019, which allocated
$1,800,000 of the High Opportunity Funds to Community Development Corporation of Utah for
affordable housing in a high opportunity area, leaving $2,700,000 of High Opportunity Funds to
allocate to additional projects.
WHEREAS, the Board approved the Housing Funds Allocation Policy (“Funds Policy”),
Resolution R-1-2022, which establishes policies with respect to dedicating and directing
resources for the development and preservation of housing based on funding source and the
Housing Development Loan Program Policy (“HDLP Policy”), Resolution R-2-2022, which
centralizes the application, underwriting, and approval process across all funding sources
identified in the Funds Policy. The HDLP Policy repealed and replaced the NOFA Policy.
WHEREAS, through a Notice of Funding Availability (“NOFA”), the RDA administered a loan
application and review process pursuant to the HDLP Policy and the RDA’s Housing Funding
Priorities for Fiscal Year 2023-2024 set forth in R-8-2023 (“Funding Priorities”) that resulted in
two requests for funding totaling $5,350,000.
21
2
WHEREAS, on February 1, 2024, the RDA’s Finance Committee (“Finance Committee”)
reviewed the HDLP applications and recommended funding allocations and preliminary terms
for the remaining High Opportunity Funds, as further described in Exhibit A.
WHEREAS, based on the Finance Committee’s recommendations, RDA staff recommends that
the Board approve the funding allocations and preliminary terms described in Exhibit A.
WHEREAS, following the Board’s approval of the funding allocations and preliminary terms as
set forth on Exhibit B, the RDA shall provide a 24-month conditional commitment period during
which the approved applicant shall have the opportunity to obtain needed financial, legal, and
regulatory approvals, as well as satisfy other conditions determined by the RDA, to finalize the
loan terms.
WHEREAS, pursuant to the HDLP Policy, applicants that successfully meet the conditions of
the conditional commitment shall be invited to execute a Letter of Commitment to finalize the
loan terms, subject to a set of conditions precedent to closing of the loan.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD that it approves the
funding allocations and preliminary terms as further described in Exhibit B, subject to revisions
that do not materially affect the rights and obligations of the RDA hereunder. For approved
applicants that successfully meet the required conditions, the Board authorizes the Executive
Director to negotiate and execute the conditional commitment letter, the Letter of Commitment,
the loan agreements, and other relevant documents consistent with the funding allocations and
preliminary terms contained on Exhibit B and incorporating such other terms and conditions as
recommended by the City Attorney’s office.
Passed by the Board of Directors of the Redevelopment Agency of Salt Lake City, this _______
day of February 2024.
________________________________
Alejandro Puy, Chair
Approved as to form: __________________________________
Salt Lake City Attorney’s Office
Sara Montoya
Date:____________________________
The Executive Director:
____ does not request reconsideration
____ requests reconsideration at the next regular Agency meeting.
January 26, 2024
22
3
________________________________
Erin Mendenhall, Executive Director
Attest:
________________________
City Recorder
23
PROJECT/APPLICANT ADDRESS
PROJECT PRIORITIES/INTEREST RATE
REDUCTION AND WEIGHTED
PRIORITY SCORE**
FUNDING
REQUEST PRELIMINARY TERMS*
HDLP High Opportunity
Funds: $2,700,000
TOTAL $5,350,000 $2,650,000
Total Funds:$ 2,700,000
Recommended Funding: $ 2,650,000
Remaining Funds:$ 50,000
RDA FINANCE
COMMITTEE FUNDING
RECOMMENDATIONS
515 Tower - Conversion
Phase I - Perpetual Housing
Fund
515 E 100 S
Family Housing: 3
Target Populations: 3
Transportation Opportunities: 1
Expand Opportunity: 1
Commercial Vitality: 1
Historic Preservation/Adaptive Reuse: 1
TOTAL: 10
$2,650,000
2% interest rate, 15-year term,
15-year amortization, cash flow
repayments
$2,650,000
Fairmont Heights Phase II -
Lincoln Avenue Capital and
Housing Authority of Salt
Lake City
2257 S 1100
E
Target Populations: 3
Transportation Opportunities: 1
Expand Opportunity: 1
Architecture and Urban Design: 1
TOTAL: 6
$2,700,000
Acquisition: 1% interest rate, 2-
year term, balloon payment or
conversion to permanent loan.
Construction to permanent: 16-
year term, 40-year amortization,
hard repayments
*Final Terms shall comply with the requirements, standard loan terms and conditions, interest-rate reductions, and all other details laid out within the High Opportunity Area
Housing Development Loan Program (HDLP) Guidelines (updated November 2023). Changes to repayment type may occur (hard repayment versus cash flow repayment)
and shall be based on requirements listed in the HDLP Guidelines or if required by a senior lender. Changes in repayment type will cause a change in the base interest
rate. Repayment priority and lien position shall be based on the size of the loans. Funds may be disbursed in a lump sum if required by senior lenders.
**Projects receive a 0.5% interest rate reduction for each included priority. Sustainability allows for a 1% or 2% reduction. The maximum reduction per development is 2%.
The interest rate is calculated as follows: Base Interest Rate minus (-) Interest Rate Reductions (up to 2%) = proposed interest rate; Base interest rate shall be locked
within a month of closing. Projects shall maintain project priorities and the same weighted score at closing. Deviation from project priorites met may require Board
approval.
EXHIBIT A: RDA FINANCE COMMITTEE RECOMMENDED HIGH OPPORTUNITY
AREA HDLP FUNDING ALLOCATIONS
4
24
5
EXHIBIT B: RDA BOARD APPROVED HIGH OPPORTUNITY AREA HDLP
FUNDING ALLOCATIONS
(To add after Board Meeting)
25
SALT LAKE CITY CORPORATION
SWORN STATEMENT SUPPORTING CLOSURE OF MEETING
I, Alejandro Puy, acted as the presiding member of the Redevelopment Agency of Salt Lake City, which met on February
13, 2024 in a hybrid meeting pursuant to Salt Lake City Proclamation.
Appropriate notice was given of the Redevelopment Agency meeting as required by §52-4-202.
A quorum of the Council was present at the meeting and voted by at least a two-thirds vote, as detailed in the minutes of
the open meeting, to close a portion of the meeting to discuss the following:
§52-4-205(l)(a) discussion of the character, professional competence, or physical or mental health of an
individual;
§52 -4-205(1)(b) strategy sessions to discuss collective bargaining;
§52-4-205(l)(c) strategy sessions to discuss pending or reasonably imminent litigation;
§52-4-205(l)(d) strategy sessions to discuss the purchase, exchange, or lease of real property, including
any form of a water right or water shares, if public discussion of the transaction would: (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;
§52-4-205(l)(e) 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) if 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;
§52-4-205(1)(f) discussion regarding deployment of security personnel, devices, or systems; and
§52-4-205(1)(g) 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.
Other, described as follows: _____________________________________________________________
The content of the closed portion of the Council meeting was restricted to a discussion of the matter(s) for which the
meeting was closed.
With regard to the closed meeting, the following was publicly announced and recorded, and entered on the minutes of the
open meeting at which the closed meeting was approved:
(a)the reason or reasons for holding the closed meeting;
(b)the location where the closed meeting will be held; and
(c)the vote of each member of the public body either for or against the motion to hold the closed meeting.
The recording and any minutes of the closed meeting will include:
(a)the date, time, and place of the meeting;
(b) the names of members Present and Absent; and
(c)the names of all others present except where such disclosure would infringe on the confidentiality
necessary to fulfill the original purpose of closing the meeting.
Pursuant to §52-4-206(6), a sworn statement is required to close a meeting under §52-4-205(1)(a) or (f), but a record by
tape recording or detailed minutes is not required; and Pursuant to §52-4-206(1), a record by tape recording and/or
detailed written minutes is required for a meeting closed under §52-4-205(1)(b),(c),(d),(e),and (g):
A record was not made.
A record was made by: : Electronic
recording
Detailed written minutes
I hereby swear or affirm under penalty of perjury that the above information is true and correct to the best of my
knowledge.
Presiding Member Date of Signature
Alejandro Puy (Feb 15, 2024 08:02 MST)Feb 15, 2024
February 13, 2024 RDA Closed Meeting Sworn
Statement
Final Audit Report 2024-02-15
Created:2024-02-13
By:DeeDee Robinson (deedee.robinson@slcgov.com)
Status:Signed
Transaction ID:CBJCHBCAABAAnRcA6rPsMWZP3eSqs1KSuO_kFJ7rm5As
"February 13, 2024 RDA Closed Meeting Sworn Statement" Hist
ory
Document created by DeeDee Robinson (deedee.robinson@slcgov.com)
2024-02-13 - 10:12:13 PM GMT
Document emailed to alejandro.puy@slcgov.com for signature
2024-02-13 - 10:14:13 PM GMT
Email viewed by alejandro.puy@slcgov.com
2024-02-14 - 5:34:06 AM GMT
Email viewed by alejandro.puy@slcgov.com
2024-02-15 - 5:50:47 AM GMT
Signer alejandro.puy@slcgov.com entered name at signing as Alejandro Puy
2024-02-15 - 3:02:16 PM GMT
Document e-signed by Alejandro Puy (alejandro.puy@slcgov.com)
Signature Date: 2024-02-15 - 3:02:18 PM GMT - Time Source: server
Agreement completed.
2024-02-15 - 3:02:18 PM GMT
Date/Time Opened Contact Name Subject Description
2/7/2024 10:32 Aline Devaud SLC Council Meeting Recap - 2/6 Thank you. I definitely support the Landscaping and Buffers Chapter Amendments for its focus and regulation
to keep and improve SLC's urban forest and prevent the city from becoming a heat island.
2/7/2024 15:27 Richard Steiner new landscaping regulations Does "Requiring water-wise and drought-tolerant landscaping reducing unnecessary water consumption." in
the new regulations mean everyone will have to tear up their lawns and existing vegetation to plant drought
tolerant plants?
2/9/2024 9:06 John Lin Landscaping and Buffers chapter amendments-
d3
Dear Council Member, Please ensure that no city resident is penalized for having taken the initiative to
conserve water by xeriscaping or zeroscaping their park strip. No resident or business should be retroactively
impacted by any aspect of the revised Ordinance 21A.48. All city residents and businesses should be
encouraged to save water, and should be contacted with information about the new landscaping ordinance
before it is enforced. Thank you, John Lin
2/9/2024 9:14 Laura Rae Thomas gym project d3 Hey Chris, Matt and I were talking about the issue between the RDA and The Front last night and I decided to
write you a letter expressing my disappointment in the RDA and our City Council. Did you know that Matt was a
member of the US Climbing team in the late 90's early 2000's? Matt was also a founding member of the Salt
Lake Climbers Alliance and served as the Board Treasurer for about 10 years. Matt has been climbing since he
could walk and his family are deep supporters of climbing initiatives in our community. We are also close
friends with many people at The Front, including Dustin and George Poulton. I asked Matt to write this letter
and he said he is too disappointed and disenchanted with the RDA (for this issue and past issues) and didn't
have the energy to do it. So here is a quick summary of our disappointments in this particular situation. We are
disappointed that the RDA would invest so heavily in a national organization that would undercut local climbing
gyms that have operated in our community for decades. We are disappointed that the RDA would give a grant
of $15M to US Climbing and then a loan of $2M to The Front, but then rescind it. We are disappointed that the
RDA is retaliating against Dustin in order to force him to keep quiet. I know you agree with this because you
said "retaliation" in the RDA meeting. I would like to see the RDA invest in local business and initiatives that will
enrich our community, not divide it or punish it. Best, Laura Thomas A voting member of your district.
Date/Time Opened Contact Name Subject Description
2/9/2024 14:16 Monica Hilding 1/2 Interlocal Agreement with UIPA My name is Monica Hilding and I am a district 4 resident who has been working with the Stop the Polluting Port
Coalition. I'm sending this to you because it is too long to read at the city council meeting tonight. I will be
there to read part of it. We urge rapid action on the Inter-Local Agreement as outlined by City Counsel Katie
Lewis. The need for critical planning studies to mitigate health and community impacts from Inland Port
Developments has been carefully defined by Salt Lake Cityand the funds for these studies were contractually
committed to by UIPA and Salt Lake City in the original Inter-Local Agreement. Salt Lake City not only has a
vested interest in the health and economic welfare of its residents, it has a century of experience in mounting
similar projects. Salt Lake City subject matter experts have already outlined a process for preparing baseline
scenarios using detailed planning data available to them that will significantly expedite the completion of the
Impact Studies beginning with the Traffic Impact Study. SLC is lucky to have Jon Larsen, SLC’s transportation
division director, who understands what a real “traffic Analysis” is. The 60 page Wasatch Front Corridor Study
of 2015-2017 written to prepare for a rapidly changing transportation future through 2050 by Utah’s four
largest transportation agencies: Mountainland Association of Governments (MAG), Utah Department of
Transportation (UDOT), Utah Transit Authority (UTA), and Wasatch Front Regional Council (WFRC) includes
numerous data charts of vehicle travel that Mr. Larsen could put together as a baseline. An independent
consulting firm can then use these Traffic Impact baseline scenario to outline the impact of NWQ development
from the formation of the Inland Port Authority in 2018 up to today and through the ultimate buildout of the
NWQ as anticipated by the Inland Port Authority. The Traffic Impact study is a data-driven analysis of the direct
and indirect traffic volume generated by the Inland Port along with the traffic distribution by vehicle type. The
Traffic impact data feed into an overall Emissions inventory to show the total emissions impact on all Salt Lake
City Council Districts. Although much of the impact will be in Districts One and Two, due to atmospheric
dispersion, every Salt Lake City Council district will be impacted by the large increase in traffic traveling to and
from the UIPA jurisdictional area. This type of independent, quantitative impact modeling can then be used as
input in prioritizing mitigation project selection, spending and as input for the proposed refresh of the NWQ
Master Plan from eight years ago. We feel that in addition to in house SLC Traffic experts, in-house SLC
contracting experts can be very helpful to UIPA given their ongoing issues with contract management as
criticized in repeated Legislative Auditor General reports.
2/9/2024 14:16 Monica Hilding 2/2 CONTINUED!! Interlocal Agreement with UIPA Our hope is that the nonpartisan analytical work can be updated every three years in conjunction with
National Emissions Inventory process required by EPA to allow the most effective mitigation projects to by
identified and executed until the danger to human health caused by the Inland Port is finally eliminated. After-
all, we’ve been told multiple times by UIPA that they will make the air cleaner than before. Thank you again for
this opportunity to express our support for City Counsel Katie Lewis and our expert Salt Lake City staff in
completing the Inter-local agreement and moving ahead to execute the required Traffic, Health and
Community Impact studies. Monica Hilding on behalf of the STPP Coalition
2/9/2024 14:29 Brittney Nystrom question about local historic timing Hi Dan, We live at REDACTED. and are in the process of obtaining a permit for a home improvement project. Do
you have any insight into the timing for when the Princeton Local Historic District will be voted on by the City
Council? We have seen information about the Laird Historic District decision, but not much about Princeton.
Thanks in advance, Brittney Nystrom
Date/Time Opened Contact Name Subject Description
2/12/2024 10:00 Joan Ogden Sunnyside Park and the U of U . It is my understanding that you are in favor of the plan to go against prior agreements and the East Bench
Master Plan. Please add me to the list of residents of your District who are adamantly opposed to this potential
agreement between the City and the University of Utah, and also significantly distressed that you would take
the position you have articulated regarding this agreement. Joan Ogden
2/12/2024 10:02 Susan Bock opposint Sunnyside baseball field expansion Dan, This email is to register my strong objection to leasing Sunnyside park land for the U to build an expanded
baseball park. Please vote against it. Thanks, -Susan Bock
2/12/2024 10:03 John Lin Landscaping and Buffers chapter amendments Dear Council Member, Please ensure that no city resident is penalized for having taken the initiative to
conserve water by xeriscaping or zeroscaping their park strip. No resident or business should be retroactively
impacted by any aspect of the revised Ordinance 21A.48. All city residents and businesses should be
encouraged to save water, and should be contacted with information about the new landscaping ordinance
before it is enforced. Thank you, John Lin
2/12/2024 10:05 Geraldine Storbeck U baseball Good Morning Dan, Thank you for quick response. I walk to Sunnyside Park several times a week. Chris and I
have also played basketball there with our granddaughter. I agree that the park could use some upgrades , but
I am against the University taking over more space. The "u" already is taking over lots of public land with its
parking lots and football areas. We are continuing to lose our open space in Salt Lake. There is so much high-
density building , which makes our open space that much more valuable and needed. Fairmont Park is packed
on nice days, it's amazing to see how many people and organizations use Sunnyside. I feel do not feel that we
need concessions areas or paved trails to take aways from green space , the park is lines with sidewalks on two
sides. The area by the solar panels is a higher elevation than the wall. I found holes/disagreements in every
aspect of the mayor's document . I felt the document to be insulting. I encouraged you to vote for upgrades ,
but not for the baseball expansion. Thank you for listening. Also, I was trying to discover what is happening
with the old tennis courts on the SE corner of Sugarmont and 9th East, would you happen to know? I spoke
with 3 different SLC agencies and no one knew anything . I also emailed another person on the Sugarhouse
Community council and they were clueless. I want to acknowledge after spending 3 days of asking questions,
you were they one who could actually me an answer I was seeking. It doesn't say much about city
management.:( Gratefully, Jeri Storbeck
2/12/2024 10:06 Mary O'Connell Long Term Land Lease between the University
of Utah and SLC
Dear Council Member Dugan, The Friends of Sunnyside Park is aware of a proposed long term land lease deal
being advanced by Mayor Mendenhall that will result in the loss of use of community land within Salt Lake
City's Sunnyside Park. It is our understanding that Mayor Mendenhall's proposed land deal with the university
will enable the University of Utah to enlarge its institutional footprint into Salt Lake City's Sunnyside Park for
the development of their NCAA collegiate baseball stadium . We are wondering if you will be voting in favor, or
against, Mayor Mendenhall's proposed long term land lease allowing the University of Utah to expand its
footprint into Sunnyside Park? Thank you, Mary O'Connell Friends of Sunnyside Park, Chair
Date/Time Opened Contact Name Subject Description
2/12/2024 15:38 Barb P Mailboxes plowed down by snow plow Dan Dugan received this constituent comment on one of his nextdoor posts - Barb P: Well, I hope you can get
the city to pay for mailboxes that the snow plow demishes-ours was plowed down by an off road
snowplowEight weeks ago -the plow took out our entire mailbox and post, and the city ) spoke with women in
finance dept) is depreciating -what was the mailbox, which is now completely unusable and flattened, and
basically not even paying us enough to be worthwhile to mail check. Meanwhile, my husbands having to spend
hours of time to re-create a solution that will work quickly-as the stomp in mailboxes don’t work, plus we need
concrete etc. to keep the pole in the ground. It’s a bit of a travesty that the city who is getting significant
taxpayer funds- will not pay for damage They’ve done on property.. for us to have to pay any money out of
pocket, to get the same mailbox, is ridiculous.
2/13/2024 14:28 Adrienne White Opposition to PLNPCM2023-00960 &
PLNPCM2023-00961 Rezoning Proposals -
Attached Public Comments/ D6
Hello Councilmember Dugan, I hope this email finds you well. My name is Adrienne White and I am a resident
of District 7. I am writing to express my concerns regarding the rezoning proposals PLNPCM2023-00960 &
PLNPCM2023-00961 submitted by Harbor Bay Ventures. As you may be aware, Harbor Bay Ventures, a
company based in Chicago, recently acquired the parcel of land where Wells Fargo currently stands at the
corner of 2100 South and 1100 East. I am an active member of the Sugar House Community Council's Board of
Trustees, representing the Westminster neighborhood, which includes this aforementioned parcel.
Additionally, I also serve on the council's Land Use and Zoning committee. I have taken the time to carefully
outline my concerns and opposition to these proposals in my public comments, which are attached to this
email. I believe it is crucial for our community's voice to be heard on this matter, and I appreciate your
attention to the potential impact these rezoning changes may have. If you have any questions or would like to
discuss my perspective further, I am more than willing to make myself available at your convenience. I believe
open dialogue is essential in addressing the concerns and aspirations of our community. Thank you for your
time and consideration. Best, Adrienne -- ADRIENNE WHITE (she/her/hers) Founder + CEO Website | Instagram
2/13/2024 14:35 Ryan CORBIN Laird park / D6 Hi Dan, My name is Ryan Corbin and I live a couple houses up from Laird Park. I have three little kids and we
love to go to the park however, we do not love being accosted by all of the off leash dogs. Laird is not an off
leash park yet there seems to be zero enforcement and only one sign. I’m a former dog owner, I love dogs, my
complaint is not about dogs in general. Putting aside the rudeness of the dogs in the sandbox and dogs running
up to little kids. It’s also destroying the grass that we all used to recreate on. Can we get some action on this
front? Thanks, Ryan
2/13/2024 14:37 John Lin Landscaping and Buffers chapter amendments /
D6
Dear Council Member, Please ensure that no city resident is penalized for having taken the initiative to
conserve water by xeriscaping or zeroscaping their park strip. No resident or business should be retroactively
impacted by any aspect of the revised Ordinance 21A.48. All city residents and businesses should be
encouraged to save water, and should be contacted with information about the new landscaping ordinance
before it is enforced. Thank you, John Lin
Date/Time Opened Contact Name Subject Description
2/13/2024 14:39 Anya Korfine Salt Lake City Rain Barrel Program Invitation /
D6
. Dear Council Member Dugan, I am reaching out to see if Salt Lake City is interested in partnering with a dozen
other Utah cities on our popular rain barrel program, now entering its 10th year. In 2023, our Utah nonprofit
organization partnered with 13 municipalities in four counties in Northern Utah to distribute almost 3,000 rain
barrels and we are reaching out to see if Salt Lake City is interested in joining us this coming spring. I am the
Community Water Liaison here at the Utah Rivers Council and I would love to answer your questions, if you
have any. This rain barrel distribution program is called RainHarvest, and it is a great way for municipalities to
save water by encouraging residents to capture rain water. Rain barrels collect rainwater from rooftops for use
on lawns and gardens after the rainstorm has moved on to save water and improve water quality by reducing
urban water runoff. It is a popular program because it is relatively inexpensive for a city to participate, and
residents love to get their hands on these popular American-made rain barrels. The company that makes these
barrels is out of North Carolina, and we selected them because they make an excellent barrel that almost never
breaks. Most of our municipal partners come back each year to continue distributing rain barrels to their
residents. To help drive residents to purchase these rainbarrels, each participating city offers a small number of
subsidized rainbarrels to city residents for a limited time during the online, websale. This helps draw interest to
the program. The minimum quantity of subsidized barrels is 100. At a subsidy of $28 per barrel, the minimum
cost to participate is $2800. However, if your city chooses to participate, your city will only have to pay for the
number of subsidized barrels we sell in your city. That means that if we only sold 40 barrels, then your city
would only be charged for 40 barrels. One great thing about this program is that our nonprofit and the
manufacturer handle virtually all the planning, logistics, communication and distribution of barrels to your
constituents. If you are interested in learning more about the RainHarvest program in a very brief zoom
meeting we would be more than happy to set that up, or you can email me your questions and I’m happy to
answer them. We will be launching this program in early March so if your city is interested in learning more
about the 2023 RainHarvest event, we would love to hear from you by February 15th. I look forward to hearing
from you! Sincerely, Anya Korfine Community Water Liaison Utah Rivers Council