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HomeMy WebLinkAbout01/21/2025 - Meeting MaterialsPENDING MINUTES – NOT APPROVED The Board of Directors of the Redevelopment Agency (RDA) of Salt Lake City met on Tuesday, January 21, 2025. The following Board Members were present: Victoria Petro, Daniel Dugan, Sarah Young, Chris Wharton, Alejandro Puy, Darin Mano, Eva Lopez Chavez The following Board Members were absent: Present Agency Leadership: Rachel Otto – Chief of Staff, Megan Yuill - Deputy Chief Administrative Officer, Danny Walz – Director, Cara Lindsley – Deputy Director Present City Staff: Mark Kittrell – Acting City Attorney, Cindy Lou Trishman – City Recorder, Michelle Barney – Minutes & Records Clerk, Scott Corpany – Staff Assistant Director Chair Mano presided at and conducted the meeting.   The meeting was called to order at 2:00 pm MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, January 21, 2025 1 Comments:A.   1.General Comments to the Board ~ 2:00 p.m. 5 min. The CRA Board of Directors will receive public comments regarding Community Reinvestment Agency business in the following formats: 1.Written comments submitted to the CRA Board offices: 451 South State Street, Suite 304, P.O. Box 145476, Salt Lake City, UT. 84114-5476. 2.Comments to the CRA Board of Directors. (Comments are taken on any item not scheduled for a public hearing, as well as on any other CRA Business. Comments are limited to two minutes.) Board Member Puy reviewed the rules of decorum. 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: NONE.   C.Community Reinvestment Agency Business - The CRA 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.  10 min. The Board will take a straw poll to nominate the Board Chair and Vice Chair. The process includes expressions of interest from Board Members, nominations for each position, and then voting each for the Chair and Vice Chair positions. Board Member Dugan nominated Board Member Mano to be the Chair for calendar year 2025. Board Member Mano accepted the nomination and stated he looked forward to moving forward the policies and projects for the CRA. Cindy Trishman stated the vote to elect Board Member Mano as Chair was unanimous. Board Member Young nominated Board Member Dugan to be the Vice Chair for calendar year 2025. Board Memeber Dugan accepted the nomination and stated he looked forward to work on projects discussed during the retreat as well as working on the city. (review) MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, January 21, 2025 2 Cindy Trishman stated the vote to elect Board Member Dugan as Vice Chair was unanimous. Motion: Moved by Director , seconded by Director to approve the ratification of Board Member as the Chair and Board Member as the Vice Chair for 2025. Final Result: 0 – 0 2.Approval of Minutes ~ 2:15 p.m.  5 min. The Board will approve the meeting minutes of November 12, 2024, and December 10, 2024. Motion: Moved by Director Wharton, seconded by Director Dugan to approve the minutes of November 12, 2024, and December 10, 2024. AYE: Victoria Petro, Daniel Dugan, Sarah Young, Chris Wharton, Alejandro Puy, Darin Mano, Eva Lopez Chavez Final Result: 7 – 0 Pass 3.Informational: Commercial Development Loan Program Policy ~ 2:20 p.m.  20 min. The Board will receive a briefing about the creation of a Commercial Development Loan Program (CDLP) policy to replace the existing Loan Policy and Granary Adaptive Reuse Policy. The adaptive reuse program would be made available in all CRA project areas. The CDLP is proposed to support the real estate and financial needs of local businesses and non-profits through several policy changes, including expanding applicant eligibility to long-term ground lessees and tenants, requiring residential and commercial displacement to be addressed, and making the Board’s annual priorities for the Housing Development Loan Program also apply to the CDLP among other changes. Cara Lindsley, Kristia Harrold and Ashley Ogden provided a briefing on the loan program policy. Board Members Cara Lindsley, Kristia Harrold and Ashley Ogden discussed: Updates on the XX program would be provided after the How the qualified livable benchmarks were weighted to achieve the minimum interest rate of 3% Need to focus amenities to what people actually need such as daycare, grocery stores and after school programs, not just having a gym Can’t narrow the aspects of amenities to exclude gyms that makes it (review Puys comments) Comment – Review Mano supported If $200,000 was an appropriate principal amount, where the dollar amount originated from and response from the program users Expansion of the program outside of the Granary District, what was the basis for determining what buildings were eligible to be used under adaptive reuse Options for increasing the $200,000 principal loan amount, the max amount to be loaned and limiting the projects to buildings that are old that the City wants to be MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, January 21, 2025 3 preserved Boundaries for receiving a redevelopment loan Promoting proactivity (Petro comments) Offering incentives for development while interest rates are high to get developers to move forward with renting out spaces Requiring spaces to be leased within an outlined time frame after the loan was granted Definition of local, independent businesses,and whether or not franchised businesses would be used in the threshold requirement criteria If some of the criteria used for the ARPA grants could be added into the review process for these loans Supported Question #2 – expanding eligibility to commercial tenants – Adaptive reuse is defined and integrated of adaptive reuse incentives into the program – understand what was included want it to be more inclusive and yes when it is a building that the city wants the building to be used, impacts the preservation of new builds, Loans are fist come first serve, offering it quarterly to allow business to apply as they are opening Board Member Requests: Update on Discussion on the dollar amount triggering Council/Board review of EDLF loans 4.Informational: Gallivan Center Overview ~ 2:40 p.m.  30 min. The Board will receive a briefing about the Gallivan Center, including history, the Gallivan Utah Center Owners Association, staffing, programming, and funding. The CRA is currently developing a plan for the future of the Gallivan Center, which will come to the Board in a future briefing. Danny Walz and Lucus Goodrich provided an overview of the Gallivan Center history, staffing, programs and funding. Board Members, Danny Walz and Lucus Goodrich discussed: General order of magnitude of association dues or was the tax incentives paying for (Mano question) How was the funding divided and was the tax increments used to fund the venue. Type of events at the Gallivan Center, rates and revenue generated from events Definition of a urban plaza Keeping events small festivities such as Twilight Concert series at the Gallivan Center and not limiting what can be held Downtown Gallivan was designed to be more of a plaza not a mass event venue and some of the events held in the past have grown larger than what the Gallivan could house safely Reasonable compacity of Gallivan Center was 5600 people Using the CRA to appropriately lease event spaces for to take advantage of what was available Downtown Coordinating all of the event spaces to assist event planners in navigating what the City has to offer The necessity to discuss the activation of Main Street to bring the city to life Negative comments from constituents regarding interactions at the Gallivan and the MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, January 21, 2025 4 Boards authority to rescope the agreement with the staff of Gallivan Center Governance structure, maximization of the space and (review) Concerns if Values are met and ensuring transparent process was there. Danny Walz stated would love to hear from the Board where staff was missing the mark and falling short did not feel the Government structure was the issue. Give the staff a chance to respond to the Boards requests and an opportunity to address concerns. (review) Jennifer Bruno stated Gallivan Center staff was (review) 5.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 6.Report and Announcements from CRA 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; •Agency Name Change; and •Scheduling Items. Danny Walz appreciated previous Chair Puy and Vice Chair Mano for their leadership in 2024. Thanked Board Member Puy for attendance at the ribbon cutting at development , closed 937 W 200 S aquistion for home ownership development , Community Reinvestment Agency (CRA) name change was official and solidified the values of department. 7.Report of the Chair and Vice Chair TENTATIVE  5 min. Report of the Chair and Vice Chair. Board Member Mano stated he was excited to work with the Board and Boad Member Wharton stated they had nothing to report.   MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, January 21, 2025 5 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 (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 MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, January 21, 2025 6 Adjournment  G.   MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, January 21, 2025 7 Meeting adjourned at 3:34 pm Minutes Approved: _______________________________ Redevelopment Agency Chair Darin Mano _______________________________ 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 21, 2025 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 21, 2025 8