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Home My WebLink About10/08/2024 - Meeting Materials Board of Directors of the REDEVELOPMENT AGENCY OF SALT LAKE CITY AGENDA October 8, 2024 Tuesday 2:00 PM Council Work Room 451 South State Street, Room 326 Salt Lake City, UT 84111 SLCRDA.com BOARD MEMBERS: Alejandro Puy, Chair Darin Mano, Vice Chair Victoria Petro Chris Wharton Eva Lopez Chavez Dan Dugan Sarah Young 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: 08:38:59 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 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.) 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 September 23, 2024. 2.Resolution: 900 South Housing and Transit Reinvestment Zone Interlocal Agreement between Salt Lake City Corporation and the Redevelopment Agency of Salt Lake City ~ 2:10 p.m. 20 min. The Board will receive a briefing and consider adopting the proposed 900 South HTRZ Interlocal Agreement between Salt Lake City and the Redevelopment Agency of Salt Lake City. The State code requires the City and RDA to enter into an interlocal agreement to create the project area. The HTRZ Plan outlines the participating taxing entities, tax increment participation rates, the term of tax increment collection, and the planned utilization of tax increment funds in the project area. 3.Resolution: Liberty Corner Daycare Loan ~ 2:30 p.m. 20 min. The Board will receive a briefing and consider adopting a resolution approving an additional $1,600,000 loan with a five-year term to Liberty Corner Associates, LLC for the construction of an expanded commercial daycare facility in the planned Liberty Corner affordable multifamily development at the northeast corner of 1300 South 300 West in the State Street Project Area. The development previously was approved for a $4.5 million loan through the FY 2023-24 RDA Housing Development Loan Program (HDLP) competitive Notice of Funding Availability (NOFA) for the Project. If approved, the $1.6 million loan will fund the construction of 3,000 additional square feet of retail space and tenant improvements for a public commercial daycare totaling nearly 8,000 square feet. The expanded daycare would have the capacity to serve up to 160 children. 4.Resolution: RDA Budget Amendment No.1 for Fiscal Year 2024- 25 ~ 2:50 p.m. 10 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 2024-25. 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 allocating additional funding to the State Street commercial revolving loans program for an expanded public commercial daycare facility as part of the Liberty Corner affordable multifamily development which has a separate briefing. 5.Resolution: North Temple Urban Renewal Project Area Boundary Amendment ~ 3:00 p.m. 20 min. The Board will receive a briefing and consider adopting a resolution amending the boundaries of the North Temple Urban Renewal Project Area. Earlier this year, the State Legislature passed Utah Code Title 11 Chapter 70 creating the Utah Fairpark Area Investment and Restoration District. A portion of the district overlaps with the North Temple Urban Renewal Project Area and the legislation requires the City to remove the overlapping properties from the North Temple Project Area before 2025. The amended boundaries spread across four non-contiguous areas would be approximately half the size of the original project area acreage. The boundary amendment will also require separate approval by the City Council. 6.Resolution: Sugar House Land Disposition to Extend the S-Line Streetcar ~ 3:20 p.m. 20 min. The Board will receive a briefing and consider adopting a resolution that would authorize a fully discounted land conveyance to Salt Lake City Corporation of nearly 14,000 square feet along Simpson Avenue between McClelland Street and Highland Drive. The 1.6-acre parcels contain the former Sugar House Deseret Industries, Fire Station properties, and a Public Services maintenance shed. The property transfer is necessary to accommodate the extension of the S-Line Streetcar from McClelland Street, along Simpson Avenue, to Highland Drive, where a new station would be built. In 2021, the State Legislature approved $12 million for the rail extension and a new station. 7.Informational: Wealth Building Notice of Funding Availability Update ~ 3:40 p.m. 20 min. The Board will receive a briefing about the Wealth Building Notice of Funding Availability (NOFA) Opportunity. The RDA set aside $2,800,000 for the development of a pilot program to support wealth building through affordable housing and allocated approximately $417,382 from the Salt Lake City School District tax increment for initiatives that provide family and workforce housing with three or more bedrooms. The RDA plans to combine these funding sources to support resident wealth-building projects. The funding would be allocated through the NOFA. 8.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. 9.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 •Accessory Dwelling Unit (ADU) and Notice of Funding Availability (NOFA) Update; and •Scheduling Items. 10.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: 1.Set Date – Resolution: RDA Budget Amendment No.1 for Fiscal Year 2024- 25 - - The Board will set the date of Tuesday, November 12, 2024 at 2 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 2024-25. 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. Adjournment The amendment includes allocating additional funding to the State Street commercial revolving loans program for an expanded public commercial daycare facility as part of the Liberty Corner affordable multifamily development which has a separate briefing. 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. G. CERTIFICATE OF POSTING On or before 5:00 p.m. on Thursday, October 3,2024, , 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@slc.gov, 801-535-7600, or relay service 711. Item C2 MOTION SHEET Redevelopment Agency Board of SALT LAKE CITY TO:RDA Board Members FROM: Allison Rowland Budget & Policy Analyst DATE:October 8, 2024 RE:RESOLUTION: 900 SOUTH HOUSING TRANSIT REINVESTMENT ZONE INTERLOCAL AGREEMENT BETWEEN SALT LAKE CITY CORPORATION AND THE REDEVELOPMENT AGENCY OF SALT LAKE CITY MOTION 1 – ADOPT RESOLUTION I move that the Board adopt the resolution adopting the 900 South Housing Transit Reinvestment Zone Interlocal Agreement between Salt Lake City Corporation and the Redevelopment Agency of Salt Lake City. MOTION 2 – NOT ADOPT I move that the Council not adopt the resolution, and proceed to the next agenda item.