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04/16/2024 - MinutesThe Board of Directors of the Redevelopment Agency (RDA) of Salt Lake City met on Tuesday, May 14, 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: Danny Walz – Director Present City Staff: Katherine Lewis – City Attorney, Cindy Lou Trishman – City Recorder, Stephanie Elliott – Minutes & Records Clerk, Taylor Hill – Constituent Liaison/Policy Analyst, Scott Corpany – Staff Assistant, Jennifer Bruno – Council Deputy Director, Ben Luedtke – Public Policy Analyst, Kate Werrett – RDA Project Manager Director Chair Puy presided at and conducted the meeting. The meeting was called to order at 1:03 pm MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 14, 2024 1 Comments:A. 1.General Comments to the Board ~ 1:00 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 the 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.) Roger Miller spoke against the sales tax increase to bring the National Hockey League to Salt Lake City. 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.3 for Fiscal Year 2023- 24 ~ 2:15 p.m. 20 min. The Board will accept public comment for 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 several reallocations related to funding a property acquisition in the North Temple project area, among other items. Ben Luedtke introduced the item. There was no public comment Motion: Moved by Director Dugan, seconded by Director Petro to close the public hearing and defer action to later in the RDA meeting. AYE: Victoria Petro, Daniel Dugan, Sarah Young, Alejandro Puy, Darin Mano, Eva Lopez Chavez ABSENT: Chris Wharton Final Result: 6 – 0 Pass 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 ~ 1:05 p.m. 5 min. MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 14, 2024 2 The Board will approve the meeting minutes of March 19, 2024. Motion: Moved by Director Dugan, seconded by Director Petro to approve the meeting minutes. AYE: Victoria Petro, Daniel Dugan, Sarah Young, Alejandro Puy, Eva Lopez Chavez, Darin Mano ABSENT: Chris Wharton Final Result: 6 – 0 Pass 2.Resolution: RDA Budget Amendment No.3 for Fiscal Year 2023- 24 ~ 1:10 p.m. 10 min. The Board will 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 several reallocations related to funding a property acquisition in the North Temple project area, among other items. Motion: Moved by Director Mano, seconded by Director Dugan to adopt Resolution 06 of 2024. AYE: Victoria Petro, Daniel Dugan, Sarah Young, Alejandro Puy, Eva Lopez Chavez, Darin Mano ABSENT: Chris Wharton Final Result: 6 – 0 Pass 3.Resolution: RDA Budget Amendment No.4 for Fiscal Year 2023- 24 ~ 1:20 p.m. 20 min. The Board will receive a briefing 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 adjustments to budgets based on actual property tax increment received to satisfy obligations under state law, interlocal agreements with other taxing entities, reimbursement agreements with private property owners, and additional funding for agency operations and the Ballpark NEXT redevelopment strategy project. Ben Luedtke and Danny Walz presented the item and discussed the Budget requests with the Board. Straw Poll: Support for Budget Amendment No. 4. All Directors present were in favor. 4.Resolution: Authorizing Use of State Street Community ~ 1:40 MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 14, 2024 3 Reinvestment Area Funds Outside of the Area Boundaries for Ballpark Properties p.m. 20 min. The Board will receive a briefing about, and consider adopting a resolution that would determine the use of the Project Area Funds on the Ballpark Properties will benefit the State Street Project Area. The Ballpark site at approximately 77 West 1300 South, along with multiple adjacent properties, are not included within but are surrounded by the Community Reinvestment Area (CRA) boundaries. The resolution would provide an ongoing authorization to use Board appropriated project area funds from the State Street CRA for the Ballpark properties. There is a corresponding appropriation in Budget Amendment No.4 for the Ballpark NEXT redevelopment strategy project. Danny Walz presented the following to the Board: •Initially, the properties were not included in the Ballpark Area plan •Development of the Ballpark area benefiting from the addition of these properties •Staff requested the Board’s approval of the fund usage on the Ballpark Properties Motion: Moved by Director Wharton, seconded by Director Mano to adopt Resolution 07 of 2024. AYE: Victoria Petro, Daniel Dugan, Sarah Young, Chris Wharton, Alejandro Puy, Darin Mano, Eva Lopez Chavez Final Result: 7 – 0 Pass 5.Resolution: Northwest Quadrant Tax Increment Reimbursement Agreement ~ 2:00 p.m. 20 min. The Board will receive a briefing about and, consider adopting a resolution that would approve a Tax Increment Reimbursement Agreement with NWQ, LLC for infrastructure and property improvements that advance the goals of the community reinvestment area. Up to 13 planned improvement projects are identified as eligible for post-performance reimbursement. The projects include a mix of system-wide improvements benefiting the broader area, such as constructing public roadways, and project-specific improvements benefiting a particular private property development, such as solar panels on a warehouse roof. Danny Walz and Kate Werrett presented the following to the Board: •Master Plan established in August 2016 •Zoning and Overlay District established 2016-2018 •Community Reinvestment Area (CRA) established January 2018 •Development agreement in January 2018 •Northwest Quadrant Community Reinvestment Area (NWQ LLC Developer) Tax Increment (TI) Reimbursement Policy established in August 2018 •NWQ LLC TI Reimbursement Agreement entered in May 2020 •Tax increment reimbursement for light industrial warehouse development •Infrastructure improvements ◦Soil remediation ◦Access to utilities and renewable energy investments MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 14, 2024 4 •Creation of potential increased assessed value within the underutilized area •New development projected to create 7,300 new jobs 6.Straw Poll – Releasing State Street Strategic Intervention Funds for Property Acquisition ~ 2:20 p.m. 10 min. The Board will consider a straw poll to release State Street Intervention Funds for property acquisition. Discussion for this item was held during a closed session. Straw Poll: Support for releasing State Street strategic intervention funds for property acquisition. All Directors present were in favor. 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. No report or announcements from the Executive Director. 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: •Front Loan Update; and •Scheduling Items. Danny Walz gave an update on the Front Climbing Gym loan and financial information, stated there was little risk found for repayment and the loan was approved. 9.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 Board upon request: 1. Informational: Redevelopment Agency Semi-Annual Property Report - - MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 14, 2024 5 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 May 2024 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. Director Mano requested a report combining the RDA and City real estate holdings to show a complete list of both entities' properties. •Jennifer Bruno stated Council Staff would coordinate with the Mayor’s Office to gather a comprehensive list between Community and Neighborhoods (CAN) and the RDA 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: 1.Set Date – Resolution: RDA Budget Amendment No.4 for Fiscal Year 2023- 24 - - The Board will set the date of Tuesday, June 11, 2024 at 1 p.m. to accept public comment 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 adjustments to budgets based on actual property tax increment received to satisfy obligations under state law, interlocal agreements with other taxing entities, reimbursement agreements with private property owners, and additional funding for agency operations and the Ballpark NEXT redevelopment strategy project. Motion: Moved by Director Mano, seconded by Director Wharton to approve. AYE: Victoria Petro, Daniel Dugan, Sarah Young, Chris Wharton, Alejandro Puy, Eva Lopez Chavez, Darin Mano Final Result: 7 – 0 Pass 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 MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 14, 2024 6 (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. Motion: Moved by Board Member Dugan, seconded by Board Member Wharton to enter into Closed Session for the purposes of strategy sessions to discuss the purchase, exchange, or lease of real property, and attorney-client matters. AYE: Victoria Petro, Daniel Dugan, Sarah Young, Chris Wharton, Alejandro Puy, Eva Lopez Chavez, Darin Mano Final Result: 7 – 0 Pass Closed Session Started at 1:55 pm Held via Zoom and in the Work Session Room (location) Board Members in Attendance: Board Members Petro, Puy, Wharton, Lopez Chavez, Mano, Dugan, and Young. City/RDA Staff in Attendance: Megan Yuill, Lindsey Nikola, Danny Walz, Katherine Lewis, Allison Parks, Jennifer Bruno, Lehua Weaver, Ben Luedtke, Allison Rowland, Whitney Fernandez Gonzalez, Amanda Greenland, Kathryn Hackman, Jim Sirrine, Austin Taylor, Marcus Lee, Tracy Tran, Lucas Goodrich, Makena Hawley, Kate Werrett, Lauren Parisi, Matthew Brown, and Cindy Lou Trishman. Closed Session ended at 2:32 pm Motion: Moved by Board Member Dugan, seconded by Board Member Lopez Chavez to exit Closed Session. AYE: Victoria Petro, Daniel Dugan, Sarah Young, Chris Wharton, Alejandro Puy, Eva Lopez Chavez, Darin Mano Final Result: 7 – 0 Pass MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 14, 2024 7 Adjournment G. MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 14, 2024 8 Meeting adjourned at 2:51 pm Minutes Approved: June 11, 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 14, 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 14, 2024 9 5-14-24 RDA Approved Minutes Final Audit Report 2024-06-25 Created:2024-06-12 By:STEPHANIE ELLIOTT (stephanie.elliott@slcgov.com) Status:Signed Transaction ID:CBJCHBCAABAAk8uPElRVf6u7cRSw_m3iN8spRwFpqzbU "5-14-24 RDA Approved Minutes" History Document created by STEPHANIE ELLIOTT (stephanie.elliott@slcgov.com) 2024-06-12 - 9:32:34 PM GMT Document emailed to alejandro.puy@slcgov.com for signature 2024-06-12 - 9:33:02 PM GMT Email viewed by alejandro.puy@slcgov.com 2024-06-13 - 1:45:18 PM GMT Signer alejandro.puy@slcgov.com entered name at signing as Alejandro Puy 2024-06-13 - 5:55:29 PM GMT Document e-signed by Alejandro Puy (alejandro.puy@slcgov.com) Signature Date: 2024-06-13 - 5:55:31 PM GMT - Time Source: server Document emailed to Cindy Trishman (cindy.trishman@slcgov.com) for signature 2024-06-13 - 5:55:33 PM GMT Document e-signed by Cindy Trishman (cindy.trishman@slcgov.com) Signature Date: 2024-06-25 - 8:20:41 PM GMT - Time Source: server Agreement completed. 2024-06-25 - 8:20:41 PM GMT