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05/21/2024 - MinutesThe Board of Directors of the Redevelopment Agency (RDA) of Salt Lake City met on Tuesday, May 21, 2024. The following Board Members were present: Victoria Petro, Daniel Dugan, Sarah Young, Chris Wharton, Alejandro Puy, Darin Mano, Eva Lopez Chavez Present Agency Leadership: Mayor Erin Mendenhall, Jill Love – Chief Administrative Officer, Danny Walz – Director, Cara Lindsley – Deputy Director Present City Staff: Katherine Lewis – City Attorney, Cindy Lou Trishman – City Recorder, Michelle Barney – Minutes & Records Clerk, Taylor Hill – Constituent Liaison/Policy Analyst, Jennifer Bruno – Council Deputy Director, Ben Luedtke – Public Policy Analyst, Erin Cunningham – Financial Analyst IV Director Chair Puy presided at and conducted the meeting. The meeting was called to order at 1:00pm MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 21, 2024 1 Comments:A. NONE. 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.Straw Poll – Releasing 9-Line Strategic Intervention Funds for Property Acquisition ~ 1:00 p.m. 5 min. The Board will consider a straw poll to release 9-Line Intervention Funds for property acquisition. Danny Walz introduced the item. Straw Poll Support for releasing 9-Line Strategic Intervention funds for property acquisition was supported by all Directors present. 2.Overview of the Redevelopment Agency Budget for Fiscal Year 2024-25 ~ 1:05 p.m. 60 min. The Board will receive a general overview of the proposed budget for the Redevelopment Agency of Salt Lake City for Fiscal Year 2024-25. The Board will continue to discuss the Mayor’s Recommended Budget over the next several weeks and will have public hearings on Tuesday May 21, 2024 and Tuesday, June 4, 2024 at 7 p.m. The Board expects to adopt the budget in mid-June. For more information visit tinyurl.com/SLCFY25. Directors Puy, Wharton, and Petro arrived at the meeting. Danny Walz and Ben Luedtke reviewed the following: • Project Area Funds • Housings Funds • Multi-Use Funds • Agency Operations Funds (OPS) • Agency Budget Process • Overview of Expense Changes by Fund • Organizational Chart MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LA.E CITY Tuesday May 21 2024 2 • Revenue Projections • Project Area Tax Increment Revenue • Revenue & Other Sources • Housing Fund Revenue and Other Resources • Expense Projections • Obligated Expenses • Discretionary Expenses • Staffing • Housing Programs Projects • Commercial Programs Projects • Infrastructure Programs Projects • RDA Arts & Culture Program Projects • Strategic Intervention Program Projects • Debt Service Projects • Eccles & Gallivan Programs Projects • Tax Increment Programs Projects • RDA Operations Programs Projects Directors, Danny Walz, Ben Luedtke, and Erin Cunningham discussed: • Fiscal analyst position and what the position's job duties would be ◦ The new position would carry the work load of the current Fiscal Analyst and allow one analyst to be on staff at all times ◦ Director Young expressed support of adding an additional full-time employee for this position • The Downtown for All project and how it was incorporated into existing programs ◦ Directors wanted more information on the Downtown for All project and what the funding would be used for • Appropriation for Japantown construction and art documents • Approval and appropriation process for project funds • Directors thanked the RDA for completing/opening the Marmalade district project • Directors wanted a report on the ways the RDA assisted the School District by contributing to housing stock • How the Administration funds would be balanced with redevelopment districts completing their terms and if staffing would decrease over time • Current vacancies in the RDA • Potential funding for the RDA if project funds were not available ◦Jennifer Bruno explained the RDA could be funded with General Fund dollars just as any other City department ◦ Directors discussed funding the RDA with General Fund dollars in order to keep the department functioning • Directors wanted more information on programming for the Gallivan Center prior to conversations about the budget Director Puy thanked Danny Walz for all his hard work. Jennifer Bruno asked Directors to forward any budget questions to staff and explained staff was willing to provide additional presentations regarding the budget. MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 21, 2024 3 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. Nothing to report. 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 scheduling items. Item not held. 5.Report of the Chair and Vice Chair TENTATIVE 5 min. Report of the Chair and Vice Chair. Item not held. MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 21, 2024 4 .5eport and $nnouncements Irom the ([ecutive Director TENTATIVE 5 min. Adjournment (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 LA.E CITY Tuesday May 21 2024 5 D.Written Briefings ± the IolloZing ErieIings are inIormational in nature and reTuire no action oI the %oard. $dditional inIormation can Ee provided to the %oard upon reTuest NONE. E.Consent ± the IolloZing items are listed Ior consideration Ey the %oard and can Ee discussed individually upon reTuest. $ motion to approve the consent agenda is approving all oI the IolloZing items NONE. F.Tentative Closed Session 7he %oard Zill consider a motion to enter into &losed 6ession. $ closed meeting descriEed under 6ection may Ee held Ior speciIic purposes including, Eut not limited to .discussion oI the character, proIessional competence, or physical or mental health oI an individual . strategy sessions to discuss pending or reasonaEly imminent litigation . strategy sessions to discuss the purchase, e[change, or lease oI real property i disclose the appraisal or estimated value oI the property under consideration or iiprevent the puElic Eody Irom completing the transaction on the Eest possiEle terms .strategy sessions to discuss the sale oI real property, including any Iorm oI a Zater right or Zater shares, iI i puElic discussion oI the transaction Zould Meeting adjourned at 2:05 pm Minutes Approved: July 9, 2024 _______________________________ 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, May 21, 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, May 21, 2024 6 Cindy Trishman (Jul 15, 2024 10:31 MDT) May 21, 2024 RDA Minutes Final Audit Report 2024-07-15 Created:2024-07-11 By:Michelle Barney (michelle.barney@slcgov.com) Status:Signed Transaction ID:CBJCHBCAABAA5iEYrXW5QOeeUqMORBgNsWgYsKec_dQZ "May 21, 2024 RDA Minutes" History Document created by Michelle Barney (michelle.barney@slcgov.com) 2024-07-11 - 5:13:40 PM GMT Document emailed to alejandro.puy@slcgov.com for signature 2024-07-11 - 5:16:23 PM GMT Email viewed by alejandro.puy@slcgov.com 2024-07-11 - 5:18:47 PM GMT Signer alejandro.puy@slcgov.com entered name at signing as Alejandro Puy 2024-07-11 - 5:19:13 PM GMT Document e-signed by Alejandro Puy (alejandro.puy@slcgov.com) Signature Date: 2024-07-11 - 5:19:15 PM GMT - Time Source: server Document emailed to Cindy Trishman (cindy.trishman@slcgov.com) for signature 2024-07-11 - 5:19:17 PM GMT Document e-signed by Cindy Trishman (cindy.trishman@slcgov.com) Signature Date: 2024-07-15 - 4:31:04 PM GMT - Time Source: server Agreement completed. 2024-07-15 - 4:31:04 PM GMT