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01/08/2025 - MinutesMINUTES OF THE BOARD OF EQUALIZATION CENTRAL BUSINESS IMPROVEMENT
DISTRICT (CBIA)
WEDNESDAY, JANUARY 8, 2025
1
The Board of Equalization of Salt Lake City, Utah, met on Wednesday, January 8, in a
Hybrid Meeting format.
The meeting began at 10:04 AM MST
The following Board Members were present:
Gaby Ewell – Cash & Investment Manager, Ben Luedtke – Senior Public Policy Analyst,
Chris Norlem – Engineering Construction Program/Project Manager
The following City Staff Members assisted with the meeting:
Andie Feldman – Economic Development Project Manager, Sara Montoya – Senior City
Attorney, Cindy Lou Trishman, City Recorder
Consultant:
Ryan Smith – Financial Analyst, Zions Public Finance Inc.
1. Call to Order
Andie Feldman called the meeting to order and explained that the rules of decorum
could be found near the entrance of the room as well as printed near the podium.
Board Members introduced themselves.
2. Approval of Minutes from January 7, 2025, meeting
Motion by Board Member Ben Luedtke. Second by Board Member Chris
Norlem. Vote was unanimous.
3. Public Comment Period
Matt Forsgren of New York Building LLC - (15-01-430-005-0000) asked about
combining parcels and conducting individual assessments for each associated parcel.
Noted that the buildings were not at full capacity, and the assessment fee was too high
to pass down responsibly to tenants, making it difficult to retain them. Requested an
adjustment to the assessment due to financial hardship.
McKenna Tracy of Liberty Sky Apartments - (16-06-112-003-0000 & 16-06-12-
002-0000) expressed concern for areas under assessment and a discussion was held
with Board Members regarding parcel 16-06-127-007-0000, it was concluded that the
parcel would not be taxed due to a clerical error.
MINUTES OF THE BOARD OF EQUALIZATION CENTRAL BUSINESS IMPROVEMENT
DISTRICT (CBIA)
WEDNESDAY, JANUARY 8, 2025
2
Bruce Markosian of AAM Investment Limited (parcels 15-02-280-0010-000, 15-
02-279-0010-000, and 15-02-427-0010-000) expressed his understanding that the
assessment was intended for high-rise properties, not industrial properties like his. He
argued that the district provided no value to his property, and the assessment fees could
not be passed on to his tenants without causing financial hardship or potential
bankruptcy. He requested that the district boundaries be redrawn to exclude properties
west of the railroad track.
Andie Feldman reviewed the Board’s authority to reduce assessment fees for specific
properties or remove properties from the district entirely.
Board Members, along with Sara Montoya, discussed past instances of properties being
removed from the district. They noted that such removals were typically due to
misclassification. The Board clarified that it did not have the authority to adjust the
district boundaries and questioned whether it could reduce an assessment fee to zero
without further clarification.
Ryan Smith addressed concerns regarding New York Building LLC (parcel 15-01-430-
005-0000), clarifying that only two parcels were receiving assessments, not four, as
claimed by the property owner. Board Members and Smith discussed the number of
parcels, corresponding assessment fees, and the potential impact on assessment
amounts if the parcels were combined.
Sara Montoya reviewed the Board's parameters for reducing property assessment fees to
zero.
Board Members, Andie Feldman, and Ryan Smith discussed the treatment of residential
properties, noting that residential uses were excluded from the assessment. If any
residential uses were included in error, they would need to be removed.
Board Member Ben Luedtke explained the distinction between direct and indirect
benefits of being included in the assessment district. He noted that indirect benefits,
such as the Street Ambassador Program, could still apply to properties located at the
edges of the district. Luedtke suggested clarifying whether the Street Ambassador
Program provided services around the Markosian property.
Board Members discussed the existence of sidewalks and access around the Markosian
property, referencing the patrol areas outlined in the map emailed by Ben Luedtke.
Andie Feldman announced that the final meeting would be held on Thursday, January
9, at 1:00 pm and called for a motion to adjourn.
MINUTES OF THE BOARD OF EQUALIZATION CENTRAL BUSINESS IMPROVEMENT
DISTRICT (CBIA)
WEDNESDAY, JANUARY 8, 2025
3
There were no further comments.
4. Adjournment at 11:07 AM
Motion to adjourn the meeting by Board Member Chris Norlem.
Seconded by Board Member Ben Luedtke. Vote was unanimous.
Minutes Approved: February 7, 2025
_________________________
Board Member – Gaby Ewell
_________________________
Board Member – Ben Luedtke
_________________________
Board Member – Chris Norlem
_________________________
City Recorder – Keith Reynolds
Please refer to the agenda, or Meeting Materials (available at https://data.slc.gov/ by
selecting Boards and Commissions Meeting Information) for supportive content
including electronic recordings.
This document along with the digital recording constitutes the official minutes of the
Board of Equalization Central Business Improvement District meeting held Wednesday,
January 8, 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.
Gaby Ewell (Feb 11, 2025 17:02 MST)
Gaby Ewell
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Approved Minutes BOE 1-8-25_v4
Final Audit Report 2025-02-21
Created:2025-02-11
By:Thais Stewart (thais.stewart@slc.gov)
Status:Signed
Transaction ID:CBJCHBCAABAAlMPgTJ3jmwF_Ld8gA9wwoWn-7eudQAbN
"Approved Minutes BOE 1-8-25_v4" History
Document created by Thais Stewart (thais.stewart@slc.gov)
2025-02-11 - 11:44:53 PM GMT
Document emailed to gaby.ewell@slc.gov for signature
2025-02-11 - 11:54:40 PM GMT
Email viewed by gaby.ewell@slc.gov
2025-02-11 - 11:55:00 PM GMT
Signer gaby.ewell@slc.gov entered name at signing as Gaby Ewell
2025-02-12 - 0:02:39 AM GMT
Document e-signed by Gaby Ewell (gaby.ewell@slc.gov)
Signature Date: 2025-02-12 - 0:02:41 AM GMT - Time Source: server
Document emailed to Benjamin Luedtke (Benjamin.Luedtke@slc.gov) for signature
2025-02-12 - 0:02:42 AM GMT
Email viewed by Benjamin Luedtke (Benjamin.Luedtke@slc.gov)
2025-02-12 - 0:09:17 AM GMT
Document e-signed by Benjamin Luedtke (Benjamin.Luedtke@slc.gov)
Signature Date: 2025-02-12 - 0:09:31 AM GMT - Time Source: server
Document emailed to chris.norlem@slc.gov for signature
2025-02-12 - 0:09:33 AM GMT
Email viewed by chris.norlem@slc.gov
2025-02-12 - 6:28:42 AM GMT
Signer chris.norlem@slc.gov entered name at signing as Chris Norlem
2025-02-12 - 3:36:51 PM GMT
Document e-signed by Chris Norlem (chris.norlem@slc.gov)
Signature Date: 2025-02-12 - 3:36:53 PM GMT - Time Source: server
Document emailed to Keith Reynolds (Keith.Reynolds@slc.gov) for signature
2025-02-12 - 3:36:55 PM GMT
Email viewed by Keith Reynolds (Keith.Reynolds@slc.gov)
2025-02-21 - 8:26:49 PM GMT
Document e-signed by Keith Reynolds (Keith.Reynolds@slc.gov)
Signature Date: 2025-02-21 - 8:29:23 PM GMT - Time Source: server
Agreement completed.
2025-02-21 - 8:29:23 PM GMT