Loading...
HomeMy WebLinkAbout08/12/2025 - Meeting Materials    Board of Directors of the SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY AGENDA August 12, 2025 Tuesday 2:00 PM Council Chambers 451 South State Street, Room 315 Salt Lake City, UT  84111 CRA.SLC.GOV BOARD MEMBERS: Darin Mano, Chair Dan Dugan, Vice Chair Victoria Petro Alejandro Puy Chris Wharton Eva Lopez Chavez 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 CRA 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: 16:10:19 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.)   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.Approval of Minutes ~ 2:05 p.m.  5 min. The Board will approve the meeting minutes of May 5, 2025, and May 20, 2025. 2.Resolution: Palmer Court Affordable Housing Loan Amendment ~ 2:10 p.m.  20 min. The Board will receive a briefing about and consider adopting a resolution that would assign and modify the terms of a 2008 loan agreement for $3,000,000 between the CRA and Shelter the Homeless II, LC., which is operated by The Road Home, enabling the redevelopment of Palmer Court, at 999 South Main Street. The redevelopment will include the construction of a new affordable residential development, Gardens at Palmer, located east of the Current Project, to enable the preservation and expansion of deeply affordable and permanent supportive housing. 3.Tentative - Resolution: Amended and Restated Lease for Delta Center TENTATIVE  20 min. The Board will receive a briefing about and consider adopting a resolution that would amend and restate the lease for the Delta Center.  4.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. 5.Report of the Chair and Vice Chair TENTATIVE  5 min. Report of the Chair and Vice Chair. 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;  •Event and Program Updates; •Staff Updates; and •Scheduling Items.    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 Adjournment     (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 _____________________, 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. KEITH REYNOLDS 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. PENDING MINUTES – NOT APPROVED The Local Building Authority, Community Reinvestment Agency, and the Salt Lake City Council of Salt Lake City, Utah met in Formal Session on Tuesday, May 6, 2025. The following Board Directors/Council Members were present: Victoria Petro, Daniel Dugan, Chris Wharton, Darin Mano, Alejandro Puy, Sarah Young, Eva Lopez Chavez Present Legislative leadership: Jennifer Bruno – Executive Director, Lehua Weaver – Deputy Director, Nick Tarbet – City Council Deputy Director Present Administrative leadership: Mayor Erin Mendenhall, Rachel Otto – Chief of Staff, Jill Love – Chief Administrative Officer Present City Staff: Mark Kittrell – City Attorney, Keith Reynolds – City Recorder, Matthew Brown – Deputy City Recorder, DeeDee Robinson – Minutes & Records Clerk, Taylor Hill – Constituent Liaison/Policy Analyst, Scott Corpany – Staff Assistant, Brian Fullmer – Policy Analyst, Sylvia Richards – Public Policy Analyst Council Member Petro presided at and conducted the meeting. The meeting was called to order at 7:04 pm. MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 6, 2025 1 LOCAL BUILDING AUTHORITY of SALT LAKE CITY, UTAH MEETING A.LBA OPENING CEREMONY: 1.Board/Council Member Victoria Petro will conduct the formal meeting. 2.Pledge of Allegiance. 3.The Council will approve the meeting minutes of May 7, 2024; May 21, 2024; June 4, 2024; and June 11, 2024. Motion: Moved by Board Member Puy, seconded by Board Member Dugan to approve the meeting minutes of May 7, 2024; May 21, 2024; June 4, 2024; and June 11, 2024. AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano, Sarah Young, Eva Lopez Chavez Final Result: 7 – 0 Pass B.LBA UNFINISHED BUSINESS: 1.Resolution: Tentative Budget for the Capital Projects Fund of the Local Building Authority for Fiscal Year 2025-26 The Board will consider approving a resolution adopting the tentative budget for the Capital Projects Fund of the Local Building Authority of Salt Lake City, Utah for Fiscal Year 2025-26. The LBA’s Capital Projects Fund for Fiscal Year 2025-26 only includes the bond debt services for the Glendale and Marmalade Libraries. (Other Capital projects throughout the City are included in the Mayor’s Recommended Budget; see the Capital Improvement Program Budget Book.) The LBA is a financing tool for cities and government entities, like libraries, to bond for capital projects at better interest rates. Capital projects are big construction projects like parks, public buildings, and street projects. FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - TBD Set Public Hearing Date - Tuesday, April 15, 2025 Hold hearing to accept public comment - Tuesday, May 20, 2025 and Tuesday, June 3, 2025 at 7 p.m. TENTATIVE Council Action - Tuesday, May 6, 2025 Staff Recommendation - Refer to motion sheet(s). MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 6, 2025 2 Motion: Moved by Board Member Lopez Chavez, seconded by Board Member Dugan to adopt Resolution 01 of 2025, adopting the tentative budget for the Capital Projects Fund of the Local Building Authority of Salt Lake City, Utah for Fiscal Year 2025-26. AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano, Sarah Young, Eva Lopez Chavez Final Result: 7 – 0 Pass C.LBA ADJOURNMENT: Motion: Moved by Board Member Lopez Chavez, seconded by Board Member Dugan to adjourn as the Local Building Authority and convene as the Community Reinvestment Agency. AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano, Sarah Young, Eva Lopez Chavez Final Result: 7 – 0 Pass MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 6, 2025 3 SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY MEETING Please note: Dates not identified in the FYI - Project Timeline are either not applicable or not yet determined. D.CRA UNFINISHED BUSINESS: 1.Resolution: Tentative Budget for the Community Reinvestment Agency of Salt Lake City for Fiscal Year 2025-26 The Board will consider approving a resolution adopting the tentative budget for the Community Reinvestment Agency of Salt Lake City for Fiscal Year 2025-26. FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - TBD Set Public Hearing Date - Tuesday, April 8, 2025 Hold hearing to accept public comment - Tuesday, May 20, 2025 and Tuesday, June 3, 2025 at 7 p.m. TENTATIVE Council Action - Tuesday, May 6, 2025 Staff Recommendation - Refer to motion sheet(s). Motion: Moved by Director Puy, seconded by Director Mano to adopt Resolution 07 of 2025, adopting the tentative budget for the Community Reinvestment Agency of Salt Lake City, Utah for Fiscal Year 2025-26. AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano, Sarah Young, Eva Lopez Chavez Final Result: 7 – 0 Pass E.CRA ADJOURNMENT: Motion: Moved by Director Puy, seconded by Director Wharton to adjourn as the Community Reinvestment Agency and convene as the City Council. MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 6, 2025 4 AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano, Sarah Young, Eva Lopez Chavez Final Result: 7 – 0 Pass MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 6, 2025 5 SALT LAKE CITY COUNCIL MEETING Please note: Dates not identified in the FYI - Project Timeline are either not applicable or not yet determined. F.CITY COUNCIL OPENING CEREMONY: 1. 2. Motion: Moved by Council Member Dugan, seconded by Council Member Lopez Chavez to approve the work session meeting minutes of February 18, 2025; March 4, 2025; and April 15, 2025, as well as the formal meeting minutes of March 25, 2025 and April 15, 2025. AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano, Sarah Young, Eva Lopez Chavez Final Result: 7 – 0 Pass 3. Summary: Mayor Mendenhall presented the Salt Lake City FY 2025-26 Recommended Budget, highlighting the following: • Proposed General Fund Budget of $512,471,524 – marking a 6.7% increase from last year’s General Fund budget • No major tax increases in this budget (including no property tax increase) • $2.7M in Westside focused investment (green space, parks, street lighting, etc.) • $2.3M for Vision Zero safety improvements (upgrading crosswalks, intersections, fixing broken/missing sidewalks) • Rate increases for Public Utilities and Waste & Recycling • $3 M in Capital Improvement funds for the first phase of the Green Loop • Targeted commitment of $5 M for deeply affordable housing • Proposed 4% cost of living adjustment for all non-represented City employees MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 6, 2025 6 Welcome and Public Meeting Rules. The Council will approve the work session meeting minutes of February 18, 2025; March 4, 2025; and April 15, 2025, as well as the formal meeting minutes of March 25, 2025 and April 15, 2025. Mayor Mendenhall will present the proposed Salt Lake City budget, including the Library Fund, for Fiscal Year 2025-26. G.PUBLIC HEARINGS: 1.Ordinance: Mixed-Use (MU) Zoning Consolidation Zoning Text and Map Amendment The Council will accept public comment and consider adopting an ordinance that would amend the City's zoning ordinance and zoning map by consolidating up to 27 existing commercial, form-based, and mixed-use zoning districts into six new mixed-use (MU) districts. The proposal aims to simplify zoning regulations, improve clarity of language, and incorporate missing design standards. The new mixed-use districts will be similar to the current districts but will have changes to setbacks, building height, lot coverage, and permitted land uses. Other sections of Title 21A may also be amended as part of this petition. Petition No.: PLNPCM2024-00707. For more information visit https://tinyurl.com/SLCMixedUse. FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, February 4, 2025; Tuesday, April 8, 2025; and Tuesday, April 15, 2025 Set Public Hearing Date - Tuesday, April 1, 2025 Hold hearing to accept public comment - Tuesday, May 6, 2025 at 7 p.m. TENTATIVE Council Action - TBD Staff Recommendation - Refer to motion sheet(s). MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 6, 2025 7 Summary: Nick Tarbet provided a brief introduction to the ordinance. Public Comment: Noah Shephardson expressed concern regarding the proposed amendment, as their building on 375 West Hope Avenue (Madbrook Donut) would become a non-complying structure, and asked for alternative consideration of the MU-3 zone for the area. Scott Amundsen expressed concern regarding excessive building height and smaller setbacks from homes with the proposed changes. Joe Gallegos expressed concern regarding a hole left after their neighbor’s house was demolished and noted it needed proper fencing as it attracted camping and trespassing. Amy Stocks spoke to impacts of the proposed changes, including potential excessive building heights and smaller setbacks. Paul Cryer spoke to impacts of the proposed changes including, potential excessive building heights and a desire to preserve existing greenspace within his neighborhood. Alex Hamory spoke in opposition to the proposed setback changes for their home/neighborhood and urged the inclusion of the National Park Service document: “Protecting a Historic Structure During Adjacent Construction” as an addendum to the zoning merge to protect against unnecessary damage and/or costly litigation. Annie Isaacson spoke to concerns regarding the potential for no rear/side yard setbacks with the proposed changes. Larry Hancock spoke to the negative impacts of a potential residential development near his home, including the obstruction of view and lack of parking provided. Richard Piggott, representing Maverik Inc., spoke to the proposed changes as negatively affecting the ability to provide new services and locations for current customers as well as the ability to operate and maintain existing convenience store locations. Cindy Cromer asked the Council to not adopt the proposal, noted additional written comments would be provided, and spoke in opposition to the requirement that existing city buildings be on the city register in order to receive tax credits. Tim Frederiksen, representing Olympia Sales & Manufacturing, expressed the importance of not losing the ability to manufacture and said the proposed changes would impact his long-time business. Clay Smith expressed opposition to the proposed overlay district because of impacts to MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 6, 2025 8 their business and existing property. Jennifer Goodrum expressed concerns about the proposed changes potentially causing an uptick in parking, traffic, and residents in an already small neighborhood. Cameron Broadbent asked the Council to consider a grace period for property owners who either have zoning changes approved in the last few years or were currently working with the City to develop under existing ordinances, allowing submittal of plans through the end of 2025 under the current zoning. Judi Short spoke in opposition to the potential for excessive building height allowances in the Sugar House Business District. Ben Engel expressed optimism regarding the proposed changes noting it would discourage blight, simplify processes, encourage reasonable parking, and hold property owners responsible for maintaining vacant properties. Jeff McComas expressed concerns regarding the proposed changes adversely affecting established businesses in industrial areas of the city. Lynn Schwarz spoke in opposition to the potential for excessive building height allowances in the Sugar House Business District. Jacqueline Anderson expressed concerns regarding the potential for excessive building heights and minimal setbacks within the Avenues area of the City. Brian Heslop expressed concern regarding the proposed changes and potential of residential areas being allowed in industrial/commercial areas, due to safety and wellbeing of both residents and employees of abutting businesses. Soren Simonsen spoke to areas surrounding the Jordan River that were highlighted for transition, asked the Council to examine preservation and expansion of buffers beyond the 100 foot minimum within the current riparian overlay, and advocated for the development of Urban Design Division to help implement the proposed zoning. Matt Sadauckas spoke in favor of the Council adopting the proposed changes as it would enable a greater variety of housing options, potential to improve both parking and transit, and slow the growth of homelessness. Dan Mullen was called to speak but did not have comments for this item. Council Remarks: Council Member Young thanked the public for speaking on the topic and said continuing the item for public comment provided the opportunity to address public feedback. Council Member Puy thanked the public for their feedback, acknowledged their issues, and described looking forward to providing more time to discuss. MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 6, 2025 9 Motion: Moved by Council Member Puy, seconded by Council Member Young to continue the public hearing to a future Council meeting. AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano, Sarah Young, Eva Lopez Chavez Final Result: 7 – 0 Pass 2.Ordinance: Alley Vacation Near 2680 South Chadwick The Council will accept public comment and consider adopting an ordinance that would vacate a City-owned alley between approximately 2615 South and 2700 South, and between Beverly Street and Chadwick Streets. If approved, the alley would be divided and given to the property owners that abut the alley. The applicant has requested the vacation due to various structures and vegetation in the alley, as well as an overall lack of use. The request is supported by the Sugar House Master Plan. Located within Council District 7. Petitioner: Taylor Thomas, owner of 2680 South Chadwick. Petition No.: PLNPCM2024- 00973. FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, April 8, 2025 Set Public Hearing Date - Tuesday, April 15, 2025 Hold hearing to accept public comment - Tuesday, May 6, 2025 at 7 p.m. TENTATIVE Council Action - Tuesday, May 20, 2025 Staff Recommendation - Refer to motion sheet(s). Summary: Brian Fullmer provided a brief introduction to the ordinance. Public Comment: Lenny Fitzgerald spoke regarding a facility that would help homeless individuals with a variety of services. (Comments not intended for this item but for general comments section.) Motion: Moved by Council Member Young, seconded by Council Member Puy to close the public hearing and adopt Ordinance 26 of 2025, vacating a City-owned alley between approximately 2615 South 2700 South, and between Beverly Street and Chadwick Streets. MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 6, 2025 10 AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano, Sarah Young, Eva Lopez Chavez Final Result: 7 – 0 Pass 3.Ordinance: Budget Amendment No.5 for Fiscal Year 2024-25 The Council will continue to accept public comment and consider an ordinance amending the final budget of Salt Lake City, including the employment staffing document for Fiscal Year 2024-25 Budget. Budget amendments happen several times each year to reflect adjustments to the City’s budgets, including proposed project additions and modifications. The proposed amendment includes funding to cover remaining costs for the 400 South Bridge Reconstruction project, funds to repair homes in the Community Land Trust, additional funding for the Hive Pass program because of increased usage, and funding to expand the scope of a public restroom study. For more information visit tinyurl.com/SLCFY25. FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, April 1, 2025; Tuesday, April 8, 2025; Tuesday, April 15, 2025; and Tuesday, May 6, 2025 Set Public Hearing Date - Tuesday, April 1, 2025 Hold hearing to accept public comment - Tuesday, April 15, 2025 and Tuesday, May 6, 2025 at 7 p.m. TENTATIVE Council Action - Tuesday, May 6, 2025 Staff Recommendation - Refer to motion sheet(s). Summary: Jennifer Bruno provided an introduction to the budget amendment. There were no public comments. Motion: Moved by Council Member Wharton, seconded by Council Member Dugan to close the public hearing and adopt Ordinance 27 of 2025, Budget Amendment No. 5 for all items except Council-added items I-2 (contribution to Mead Avenue underpass) and I-3 (contribution to Art in District 4), and defer action on Items I-2 and I-3 to a future Council Meeting. AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano, Sarah Young, Eva Lopez Chavez Final Result: 7 – 0 Pass MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 6, 2025 11 4.Grant Application: Financial Empowerment Center Academy The Council will accept public comment for a grant application request from the Housing Stability Division of the Department of Community and Neighborhoods to the Cities for Financial Empowerment Fund. If awarded, the grant would fund a Financial Empowerment Center (FEC) with the aim of preventing housing instability and eviction through financial coaching and identifying strategies for overcoming financial barriers to stable living. FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - n/a Set Public Hearing Date - n/a Hold hearing to accept public comment - Tuesday, May 6, 2025 at 7 p.m. TENTATIVE Council Action - n/a Staff Recommendation - Close and refer to future consent agenda. Summary: Sylvia Richards provided a brief introduction to the grant application. There were no public comments. Motion: Moved by Council Member Dugan, seconded by Council Member Puy to close the public hearing and defer action for Item G-4 to a future Consent Agenda. AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano, Sarah Young, Eva Lopez Chavez Final Result: 7 – 0 Pass H.POTENTIAL ACTION ITEMS: 1.Ordinance: Alley Vacation Near 1409 South Edison Street The Council will consider adopting an ordinance that would vacate a portion of City- owned alley adjacent to properties at approximately 1409 South Edison Street and 1404 South 200 East. If approved, the alley segment property would be divided and transferred to the abutting property owners. The Planning Commission forwarded a negative recommendation. Located within Council District 5. Petitioner: Davis Oatway, an adjacent property owner. Petition No.: PLNPCM2024-00439. MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 6, 2025 12 FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, March 18, 2025 Set Public Hearing Date - Tuesday, March 25, 2025 Hold hearing to accept public comment - Tuesday, April 15, 2025 at 7 p.m. TENTATIVE Council Action - Tuesday, May 6, 2025 Staff Recommendation - Refer to motion sheet(s). Motion: Moved by Council Member Puy, seconded by Council Member Mano to adopt Ordinance 28 of 2025, vacating a portion of City-owned alley adjacent to properties at approximately 1409 South Edison Street and 1404 South 200 East. AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano, Sarah Young, Eva Lopez Chavez Final Result: 7 – 0 Pass I.COMMENTS: 1.Questions to the Mayor from the City Council. There were no questions. 2.Comments to the City Council. (This is a one-hour time slot for the public to comment on any City business not scheduled for a public hearing. Each person will have two minutes to talk. General comment registration closes at 7:30 p.m.) Summary: Council Member Petro reiterated the rules of decorum. Public Comment: Will Jamison spoke to increases in utility (water) bills and asked for further review of where costs could be cut to reduce the bills. Hilary Jacobs spoke regarding delayed foothill land use management plans and trail use signage highlighting that the community was concerned about the foothills ecosystem being compromised. Daniel Schelley spoke to the Bonneville Shoreline Trail being a multi-use trail for MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 6, 2025 13 pedestrians and bikes and requested the City install right-of-way/multi-use signage along the trail. Cathy Faulkner was called to speak but was not present for comment. Randell Hoffman spoke in support of the proposed City flag designs and the long history of the LGBTQIA+ community in Salt Lake City. Soren Simonsen expressed gratitude for the Council waiving interest accumulated on a business loan from the City for Impact Hub, and detailed the successes of the business and how it had boosted the entrepreneurial ecosystem in the City. Betty Sawyer, Director of Utah Juneteenth Freedom & Heritage Festival, spoke in support of the proposed city flag design that honored the Juneteenth Holiday and described looking forward to honoring the history and heritage of the event. J.NEW BUSINESS: 1.Ordinance: City Flag Standards The Council will consider adopting an ordinance approving City Flag designs and standards for display of a City Flag. FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 6, 2025 Set Public Hearing Date - n/a Hold hearing to accept public comment - n/a TENTATIVE Council Action - Tuesday, May 6, 2025 Staff Recommendation - Suspend the rules and consider motions. Council Remarks: Council Member Young spoke to the proposed City flags as an act of love, consideration, and welcoming for all City residents. Council Member Dugan echoed the sentiment of Council Member Young’s statement and thanked the Mayor for her courage and strength. Council Member Mano thanked the Mayor and fellow Council Members noting that the flags were meaningful to him and his family and was an important and critical symbol for the people of the City to feel safe. MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 6, 2025 14 Council Member Lopez Chavez thanked the Mayor and fellow Council Members for the support and unconditional care for the residents of the City, noting this signified a response to the joy and celebration of each resident and neighbor. Council Member Wharton spoke to the meaning of each color of the Pride Flag, representing shared humanity and shared ideals of freedom, perseverance, and love and were symbols of the City’s diversity and unity. Council Member Puy said the flags displayed the City’s care for all communities, many of them marginalized, and they symbolized hope, unity, and that all were welcome. Council Member Petro said there would be no compromise of the dignity of all City residents or anyone that chose to be here, and would be evident in all aspects of City business, including those displayed on the flag pole. Motion: Moved by Council Member Wharton, seconded by Council Member Puy to adopt Ordinance 25 of 2025, approving City Flag designs and standards for display of a City Flag. AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano, Sarah Young, Eva Lopez Chavez Final Result: 7 – 0 Pass K.UNFINISHED BUSINESS: 1.Resolution: Tentative Budget of Salt Lake City, including the Tentative Budget of the Library Fund, for Fiscal Year 2025-26 The Council will consider approving a resolution adopting the tentative budgets of Salt Lake City, Utah, including the tentative budget of the Library Fund, for Fiscal Year 2025- 26. For more information visit https://tinyurl.com/SLCFY26. FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - TBD Set Public Hearing Date - Tuesday, April 15, 2025 Hold hearing to accept public comment - Tuesday, May 20, 2025 and Tuesday, June 3, 2025 at 7 p.m. TENTATIVE Council Action - Tuesday, May 6, 2025 Staff Recommendation - Refer to motion sheet(s). MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 6, 2025 15 Motion: Moved by Council Member Dugan, seconded by Council Member Young to approve Resolution 12 of 2025, adopting the tentative budget for Salt Lake City, Utah, including the tentative budget of the Library Fund, for Fiscal Year 2025-26. AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano, Sarah Young, Eva Lopez Chavez Final Result: 7 – 0 Pass L.CONSENT: 1.Ordinance: Library Budget Amendment No.2 for Fiscal Year 2024-25 The Council will set the date of Tuesday, May 20, 2025 at 7 p.m. to accept public comment and consider adopting an ordinance that would amend the budget for the Library Fund for Fiscal Year 2024-25. Budget amendments happen several times each year to reflect adjustments to the City’s budgets, including proposed project additions and modifications. The proposed amendment includes required annual true-ups of property tax increments that go to the Utah Inland Port Authority, Convention Center Hotel, and the Community Reinvestment Agency of Salt Lake City. FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 13, 2025 Set Public Hearing Date - Tuesday, May 6, 2025 Hold hearing to accept public comment - Tuesday, May 20, 2025 7 p.m. TENTATIVE Council Action - Tuesday, May 20, 2025 Staff Recommendation - Set date. 2.Board Appointment: Transportation Advisory Board – Ari Tepper The Council will consider approving the appointment of Ari Tepper to the Transportation Advisory Board for a term ending September 25, 2028. FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 6, 2025 Set Public Hearing Date - n/a Hold hearing to accept public comment - n/a TENTATIVE Council Action - Tuesday, May 6, 2025 Staff Recommendation - Approve. MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 6, 2025 16 3.Board Appointment: Racial Equity in Policing Commission – Cenezhana Rokhaneevna The Council will consider approving the appointment of Cenezhana Rokhaneevna to the Racial Equity in Policing Commission Board for a term ending December 27, 2027. FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 6, 2025 Set Public Hearing Date - n/a Hold hearing to accept public comment - n/a TENTATIVE Council Action - Tuesday, May 6, 2025 Staff Recommendation - Approve. 4.Board Appointment: Bicycle Advisory Committee – Maxwell Hoagland The Council will consider approving the appointment of Maxwell Hoagland to the Bicycle Advisory Committee for a term ending May 6, 2028. FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 6, 2025 Set Public Hearing Date - n/a Hold hearing to accept public comment - n/a TENTATIVE Council Action - Tuesday, May 6, 2025 Staff Recommendation - Approve. 5.Board Appointment: Bicycle Advisory Committee – Kerry Doane The Council will consider approving the appointment of Kerry Doane to the Bicycle Advisory Committee for a term ending May 6, 2028. FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 6, 2025 Set Public Hearing Date - n/a Hold hearing to accept public comment - n/a TENTATIVE Council Action - Tuesday, May 6, 2025 Staff Recommendation - Approve. MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 6, 2025 17 6.Board Appointment: Bicycle Advisory Committee – William D. Davis The Council will consider approving the appointment of William D. Davis to the Bicycle Advisory Committee for a term ending May 6, 2028. FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 6, 2025 Set Public Hearing Date - n/a Hold hearing to accept public comment - n/a TENTATIVE Council Action - Tuesday, May 6, 2025 Staff Recommendation - Approve. 7.Board Appointment: Bicycle Advisory Committee – Jeannie Rollo The Council will consider approving the appointment of Jeannie Rollo to the Bicycle Advisory Committee for a term ending May 6, 2028. FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 6, 2025 Set Public Hearing Date - n/a Hold hearing to accept public comment - n/a TENTATIVE Council Action - Tuesday, May 6, 2025 Staff Recommendation - Approve. 8.Board Appointment: Bicycle Advisory Committee – Rebecca Bauer The Council will consider approving the appointment of Rebecca Bauer to the Bicycle Advisory Committee for a term ending May 6, 2028. FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 6, 2025 Set Public Hearing Date - n/a Hold hearing to accept public comment - n/a TENTATIVE Council Action - Tuesday, May 6, 2025 MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 6, 2025 18 Staff Recommendation - Approve. Motion: Moved by Council Member Wharton, seconded by Council Member Mano to approve the Consent agenda. AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano, Sarah Young, Eva Lopez Chavez Final Result: 7 – 0 Pass M.ADJOURNMENT: Meeting adjourned at 9:09 pm. Council Minutes Approved: CRA Minutes Approved: LBA Minutes Approved: _______________________________ City Council Chair – Chris Wharton _______________________________ Community Reinvestment Agency Chair – Darin Mano _______________________________ Local Building Authority Chair – Chris Wharton _______________________________ City Recorder – Keith Reynolds 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. MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 6, 2025 19 This document along with the digital recording constitutes the official minutes of the City Council, CRA, and LBA meeting held Tuesday, May 6, 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 SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 6, 2025 20 PENDING MINUTES – NOT APPROVED The Local Building Authority, Community Reinvestment Agency, and the Salt Lake City Council of Salt Lake City, Utah met in Formal Session on Tuesday, May 20, 2025. The following Board Directors/Council Members were present: Victoria Petro, Daniel Dugan, Chris Wharton, Darin Mano, Alejandro Puy, Sarah Young, Eva Lopez Chavez Present Legislative leadership: Jennifer Bruno – Executive Director, Lehua Weaver – Deputy Director, Nick Tarbet – Deputy Director Present Administrative leadership: Mayor Erin Mendenhall, Rachel Otto – Chief of Staff, Jill Love – Chief Administrative Officer, Danny Walz – Community Reinvestment Agency Director Present City Staff: Mark Kittrell – City Attorney, Matthew Brown – Deputy City Recorder, Stephanie Elliott – Minutes & Records Clerk, Taylor Hill – Constituent Liaison/Policy Analyst, Scott Corpany – Staff Assistant, Sylvia Richards – Public Policy Analyst Council Member Petro presided at and conducted the meeting. The meeting was called to order at 7:03 pm MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 20, 2025 1     MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 20, 2025 2 LOCAL BUILDING AUTHORITY of SALT LAKE CITY, UTAH MEETING   A.LBA OPENING CEREMONY: 1.Board/Council Member Victoria Petro will conduct the formal meeting. 2.Pledge of Allegiance. 3.Welcome and Public Meeting Rules. 4.The Board will approve the meeting minutes of April 15, 2025. Motion: Moved by Board Member Dugan, seconded by Board Member Young to approve April 15, 2025, meeting minutes. AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Darin Mano, Sarah Young, Eva Lopez Chavez ABSENT: Alejandro Puy Final Result: 6 – 0 Pass B.LBA PUBLIC HEARINGS:   1.Resolution: Budget for the Capital Projects Fund of the Local Building Authority for Fiscal Year 2025-26 The Board will accept public comment and consider approving a resolution that would adopt the final budget for the Capital Projects Fund of the Local Building Authority of Salt Lake City, Utah for Fiscal Year 2025-26. The LBA’s Capital Projects Fund for Fiscal Year 2025-26 only includes the bond debt services for the Glendale and Marmalade Libraries. (Other Capital projects throughout the City are included in the Mayor’s Recommended Budget.) The LBA is a financing tool for cities and government entities, like libraries, to bond for capital projects at better interest rates. Capital projects are big projects like parks, public buildings, and street projects.   FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - TBD Set Public Hearing Date - Tuesday, April 15, 2025 Hold hearing to accept public comment - Tuesday, May 20, 2025 and Tuesday, June 3, 2025 at 7 p.m. TENTATIVE Council Action - TBD MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 20, 2025 3 Staff Recommendation - Close hearing and refer to public hearing on June 3, 2025   Motion: Moved by Board Member Dugan, seconded by Board Member Lopez Chavez to close the public hearing and refer the item to a new public hearing on June 3, 2025. AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Darin Mano, Sarah Young, Eva Lopez Chavez ABSENT: Alejandro Puy Final Result: 6 – 0 Pass Summary: Jennifer Bruno introduced the item. There were no public comments. C.LBA ADJOURNMENT: Motion: Moved by Council Member Mano, seconded by Council Member Wharton to adjourn as the LBA and convene as the CRA. AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Darin Mano, Sarah Young, Eva Lopez Chavez ABSENT: Alejandro Puy Final Result: 6 – 0 Pass   MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 20, 2025 4 SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY MEETING Please note: Dates not identified in the FYI - Project Timeline are either not applicable or not yet determined. D.CRA PUBLIC HEARINGS:   1.Resolution: Budget for the Community Reinvestment Agency of Salt Lake City for Fiscal Year 2025-26 The Board will accept public comment and consider approving a resolution adopting the final budget for the Community Reinvestment Agency of Salt Lake City for Fiscal Year 2025-26.   FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 20, 2025 Set Public Hearing Date - Tuesday, April 8, 2025 Hold hearing to accept public comment - Tuesday, May 20, 2025 and Tuesday, June 3, 2025 at 7 p.m. TENTATIVE Council Action - TBD Staff Recommendation - Close hearing and refer to public hearing on June 3, 2025   Summary: Jennifer Bruno introduced the item. There were no public comments. Motion: Moved by Director Lopez Chavez, seconded by Director Dugan to close the public hearing and refer the item to a new public hearing on June 3, 2025. AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Darin Mano, Sarah Young, Eva Lopez Chavez ABSENT: Alejandro Puy Final Result: 6 – 0 Pass MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 20, 2025 5 E.CRA ADJOURNMENT:   Motion: Moved by Director Lopez Chavez, seconded by Director Wharton to adjourn as the CRA Board and convene as the Salt Lake City Council. AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Darin Mano, Sarah Young, Eva Lopez Chavez ABSENT: Alejandro Puy Final Result: 6 – 0 Pass   MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 20, 2025 6 SALT LAKE CITY COUNCIL MEETING Please note: Dates not identified in the FYI - Project Timeline are either not applicable or not yet determined.     F.CITY COUNCIL OPENING CEREMONY: 1. 2. Motion: Moved by Council Member Wharton, seconded by Council Member Dugan to approve April 1, 2025, meeting minutes. AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Darin Mano, Sarah Young, Eva Lopez Chavez ABSENT: Alejandro Puy Final Result: 6 – 0 Pass 3. Motion: Moved by Council Member Wharton, seconded by Council Member Lopez Chavez to adopt Resolution 13 of 2025, Celebrating June 2025 as Pride Month. AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Darin Mano, Sarah Young, Eva Lopez Chavez ABSENT: Alejandro Puy Final Result: 6 – 0 Pass Summary: Council Member Lopez Chavez read the resolution to the public. Chad Call (Executive Director of Utah Pride Center) spoke on behalf of the Utah Pride Center and thanked the Council for supporting all community members. There were no public comments. MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 20, 2025 7 G.PUBLIC HEARINGS: Items G1 – G4 will be heard as one public hearing. 1.Grant Application: UOVC 2025-27 Victims of Crime Act Grant Program Application Police Victim Advocates The Council will accept public comment for a grant application request from the Police Department to the Utah Office for Victims of Crime (UOVC). If awarded, the grant would fund 50% of two existing full-time Victim Advocates and 80-90% of four part-time Victim Advocates personnel and benefit costs.   FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - n/a Set Public Hearing Date - n/a Hold hearing to accept public comment - Tuesday, May 20, 2025 at 7 p.m. TENTATIVE Council Action - n/a Staff Recommendation - Close and refer to future consent agenda.   See item G4 for summary. 2.Grant Application: Bonneville Shoreline Trailhead Land Purchase The Council will accept public comment for a grant application request from the Department of Public Lands to the State of Utah, Division of Outdoor Recreation. If awarded, the grant would fund the purchase of approximately 10 acres of land which would provide the ability for trailhead facilities, assure a critical Bonneville Shoreline Trail connection and alignment, and will provide access to other trails in the area that currently are somewhat inaccessible.   FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - n/a Set Public Hearing Date - n/a Hold hearing to accept public comment - Tuesday, May 20, 2025 at 7 p.m. TENTATIVE Council Action - n/a Staff Recommendation - Close and refer to future consent agenda.   See item G4 for summary. MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 20, 2025 8 3.Grant Application: School Age Quality Grant The Council will accept public comment for a grant application request from the Department of Community and Neighborhoods to the Department of Workforce Services. If awarded, the grant would fund School Age Quality Out of School Time (OST) programming for kindergarten through sixth grade children at six YouthCity sites.   FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - n/a Set Public Hearing Date - n/a Hold hearing to accept public comment - Tuesday, May 20, 2025 at 7 p.m. TENTATIVE Council Action - n/a Staff Recommendation - Close and refer to future consent agenda.   See item G4 for summary. 4.Grant Application: Department of Workforce Services Teen Afterschool Prevention Grant The Council will accept public comment for a grant application request from the Department of Community and Neighborhoods to the Department of Workforce Services. If awarded, the grant would fund afterschool programming for teens attending high school and middle school at three YouthCity sites, plus the City and County Building.   FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - n/a Set Public Hearing Date - n/a Hold hearing to accept public comment - Tuesday, May 20, 2025 at 7 p.m. TENTATIVE Council Action - n/a Staff Recommendation - Close and refer to future consent agenda.   Summary: Sylvia Richards introduced the item. There were no public comments. Motion: Moved by Council Member Dugan, seconded by Council Member Young to MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 20, 2025 9 close the public hearing and refer Items G1 through G4 to a future Consent Agenda for action. AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano, Sarah Young, Eva Lopez Chavez Final Result: 7 – 0 Pass 5.Ordinance: Library Budget Amendment No.2 for Fiscal Year 2024-25 The Council will accept public comment and consider adopting an ordinance that would amend the budget for the Library Fund for Fiscal Year 2024-25. Budget amendments happen several times each year to reflect adjustments to the City’s budgets, including proposed project additions and modifications. The proposed amendment includes required annual true-ups of property tax increments that go to the Utah Inland Port Authority, Convention Center Hotel, and the Community Reinvestment Agency of Salt Lake City.   FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 13, 2025 Set Public Hearing Date - Tuesday, May 6, 2025 Hold hearing to accept public comment - Tuesday, May 20, 2025 at 7 p.m. TENTATIVE Council Action - Tuesday, May 20, 2025 Staff Recommendation - Refer to motion sheet(s). Ordinances and Resolution listed below (G6 – G20) are associated with the implementation of the Mayor’s Recommended Budget for Salt Lake City, including the Library Fund, for the Fiscal Year 2025-26. All ordinances will be heard as one public hearing item during the May 20th and June 3rd public hearings.   Motion: Moved by Council Member Dugan, seconded by Council Member Young to close the public hearing and adopt Ordinance 29 of 2025, amending the Fiscal Year 2025 final budget of the Salt Lake City Library, including the employment staffing document as proposed. AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano, Sarah Young, Eva Lopez Chavez Final Result: 7 – 0 Pass Summary: Austin Kimmel introduced the item. There were no public comments. 6.Ordinances Relating to Fiscal Year 2025-26 City Budget, Excluding the Budget for the Library Fund MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 20, 2025 10 The Council will accept public comment and consider approving an ordinance adopting the budget for Salt Lake City, Utah, excluding the budget for the Library Fund which is separately adopted, and the employment staffing document of Salt Lake City, Utah for Fiscal Year 2024-25. For more information visit https://tinyurl.com/SLCFY26.   FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - TBD Set Public Hearing Date - Tuesday, April 15, 2025 Hold hearing to accept public comment - Tuesday, May 20, 2025 and Tuesday, June 3, 2025 at 7 p.m. TENTATIVE Council Action - TBD Staff Recommendation - Close hearing and refer to public hearing on June 3, 2025   See item G20 for summary. 7.Ordinance: Adopting the Budget for the Library Fund of Salt Lake City, Utah for Fiscal Year 2025-26 The Council will accept public comment and consider approving an ordinance adopting the budget for the Library Fund of Salt Lake City, Utah for Fiscal Year 2025-26.   FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - TBD Set Public Hearing Date - Tuesday, April 15, 2025 Hold hearing to accept public comment - Tuesday, May 20, 2025 and Tuesday, June 3, 2025 at 7 p.m. TENTATIVE Council Action - TBD Staff Recommendation - Close hearing and refer to public hearing on June 3, 2025   See item G20 for summary. 8.Ordinance: Adopting the Rate of Tax Levy, Including the Levy for the Library Fund, for Fiscal Year 2025-26 The Council will accept public comment and consider approving an ordinance adopting the rate of tax levy, including the levy for the Library Fund, upon all real and personal property within Salt Lake City made taxable by law for Fiscal Year 2025-26. MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 20, 2025 11   FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - TBD Set Public Hearing Date - Tuesday, April 15, 2025 Hold hearing to accept public comment - Tuesday, May 20, 2025 and Tuesday, June 3, 2025 at 7 p.m. TENTATIVE Council Action - TBD Staff Recommendation - Close hearing and refer to public hearing on June 3, 2025   See item G20 for summary. 9.Ordinance: Amendments to the Salt Lake City Consolidated Fee Schedule for Fiscal Year 2025-26 The Council will accept public comment and consider approving an ordinance amending various fees and fee information set forth in the Salt Lake City Consolidated Fee Schedule.   FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - TBD Set Public Hearing Date - Tuesday, April 15, 2025 Hold hearing to accept public comment - Tuesday, May 20, 2025 and Tuesday, June 3, 2025 at 7 p.m. TENTATIVE Council Action - TBD Staff Recommendation - Close hearing and refer to public hearing on June 3, 2025   See item G20 for summary. 10.Ordinance: Compensation Adjustment for Elected and Statutory Officers The Council will accept public comment and consider adopting an ordinance approving a compensation adjustment for elected and statutory officers of Salt Lake City.   FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - TBD Set Public Hearing Date - Tuesday, April 15, 2025 MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 20, 2025 12 Hold hearing to accept public comment - Tuesday, May 20, 2025 and Tuesday, June 3, 2025 at 7 p.m. TENTATIVE Council Action - TBD Staff Recommendation - Close hearing and refer to public hearing on June 3, 2025   See item G20 for summary. 11.Ordinance: Compensation Plan for All Non-Represented Employees of Salt Lake City for Fiscal Year 2025-26 The Council will accept public comment and consider adopting an ordinance approving a compensation plan for all non-represented employees of Salt Lake City.   FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - TBD Set Public Hearing Date - Tuesday, April 15, 2025 Hold hearing to accept public comment - Tuesday, May 20, 2025 and Tuesday, June 3, 2025 at 7 p.m. TENTATIVE Council Action - TBD Staff Recommendation - Close hearing and refer to public hearing on June 3, 2025   See item G20 for summary. 12.Ordinance: Appropriating Necessary Funds to Implement Provisions of an MOU between Salt Lake City and AFSCME for Fiscal Year 2025-26 The Council will accept public comment and consider adopting an ordinance appropriating necessary funds to implement, for Fiscal Year 2025-26, the provisions of the Memorandum of Understanding (MOU) between Salt Lake City Corporation and the American Federation of State, County, and Municipal Employees (AFSCME) Local 1004, representing eligible employees.   FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - TBD Set Public Hearing Date - Tuesday, April 15, 2025 Hold hearing to accept public comment - Tuesday, May 20, 2025 and Tuesday, June 3, 2025 at 7 p.m. TENTATIVE Council Action - TBD MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 20, 2025 13 Staff Recommendation - Close hearing and refer to public hearing on June 3, 2025   See item G20 for summary. 13.Ordinance: Appropriating Necessary Funds to Implement Provisions of the MOU between Salt Lake City and the International Association of Firefighters for Fiscal Year 2025-26 The Council will accept public comment and consider adopting an ordinance appropriating the necessary funds to implement, for Fiscal Year 2025-26, the provisions of the Memorandum of Understanding (MOU) between Salt Lake City Corporation and the International Association of Firefighters Local 81, representing eligible employees.   FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - TBD Set Public Hearing Date - Tuesday, April 15, 2025 Hold hearing to accept public comment - Tuesday, May 20, 2025 and Tuesday, June 3, 2025 at 7 p.m. TENTATIVE Council Action - TBD Staff Recommendation - Close hearing and refer to public hearing on June 3, 2025   See item G20 for summary. 14.Ordinance: City Owned Motor Vehicles The Council will accept public comment and consider adopting an ordinance that would amend Section 2.54.030 of the Salt Lake City Code to update policies and restrictions related to the use of City owned motor vehicles.   FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - TBD Set Public Hearing Date - Tuesday, April 15, 2025 Hold hearing to accept public comment - Tuesday, May 20, 2025 and Tuesday, June 3, 2025 at 7 p.m. TENTATIVE Council Action - TBD Staff Recommendation - Close hearing and refer to public hearing on June 3, 2025 MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 20, 2025 14   See item G20 for summary. 15.Ordinance: Parking Enforcement The Council will accept public comment and consider adopting an ordinance that would amend sections 12.56.140, 12.56.150, 12.56.160 and 12.56.200 of the Salt Lake City Code to update the time frames, dates, and processes related to parking and parking enforcement.   FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - TBD Set Public Hearing Date - Tuesday, April 15, 2025 Hold hearing to accept public comment - Tuesday, May 20, 2025 and Tuesday, June 3, 2025 at 7 p.m. TENTATIVE Council Action - TBD Staff Recommendation - Close hearing and refer to public hearing on June 3, 2025   See item G20 for summary. 16.Ordinance: Reallocation of the Responsibilities of the Department of Public Services and the Department of Community and Neighborhoods The Council will accept public comment and consider adopting an ordinance that would amend sections of the Salt Lake City Code pertaining to the responsibilities of the Department of Public Services and the Department of Community and Neighborhoods.   FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - TBD Set Public Hearing Date - Tuesday, April 15, 2025 Hold hearing to accept public comment - Tuesday, May 20, 2025 and Tuesday, June 3, 2025 at 7 p.m. TENTATIVE Council Action - TBD Staff Recommendation - Close hearing and refer to public hearing on June 3, 2025   See item G20 for summary. 17.Ordinance: Amending Title 2 Administrative Organization for the Sustainability Department The Council will accept public comment and consider an ordinance that would amend MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 20, 2025 15 section 2.08.120 of the Salt Lake City Code identifying the functions and responsibilities of the Sustainability Department. The amendment responds to a Legislative Intent from the last annual budget.   FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Thursday, May 30, 2024 Set Public Hearing Date - Tuesday, April 15, 2025 Hold hearing to accept public comment - Tuesday, May 20, 2025 and Tuesday, June 3, 2025 at 7 p.m. TENTATIVE Council Action - TBD Staff Recommendation - Close hearing and refer to public hearing on June 3, 2025   See item G20 for summary. 18.Ordinance: Title 17 Updates Compiling with Rate Study and Regulatory Requirements The Council will accept public comment and consider approving an ordinance would amend Chapter 17of the Salt Lake City Code. The Department of Public Utilities requests the updates to align with the City’s proposed water, sewer, and stormwater rate structures and to comply with regulatory requirements.   FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 20, 2025 Set Public Hearing Date - Tuesday, April 15, 2025 Hold hearing to accept public comment - Tuesday, May 20, 2025 and Tuesday, June 3, 2025 at 7 p.m. TENTATIVE Council Action - TBD Staff Recommendation - Close hearing and refer to public hearing on June 3, 2025   See item G20 for summary. 19.Fiscal Year 2025-26 Budget: Capital Improvement Program The Council will accept public comment and consider adopting a resolution for project funding allocations in the Capital Improvement Program (CIP), which involves the construction, purchase or renovation of buildings, parks, streets or other city-owned physical structures. Generally, projects have a useful life of at least five years and cost $50,000 or more. The Council approves debt service and overall CIP funding in June MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 20, 2025 16 with the annual budget process, while project-specific funding is approved by September 1 of the same calendar year.   FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - TBD Set Public Hearing Date - Tuesday, April 15, 2025 Hold hearing to accept public comment - Tuesday, May 20, 2025 and Tuesday, June 3, 2025 at 7 p.m. TENTATIVE Council Action - TBD Staff Recommendation - Close hearing and refer to public hearing on June 3, 2025   See item G20 for summary. 20.Resolution: Addendum No.9 to Interlocal Agreement with the Utah Transit Authority (UTA) for Transit Master Plan Frequent Bus Service Routes Implementation The Council will accept public comment and consider adopting a resolution that would authorize the Mayor to enter into the proposed addendum No.9 to the Interlocal Agreement with UTA to implement 2025-26 Frequent Transit Network (FTN) service. Frequent service is a goal for buses to arrive at least every 15 minutes. This agreement covers the routes on 200 South, 900 South, 2100 South and 1000 North/South Temple. The interlocal agreement signed in 2018 is for twenty years, with a goal of full implementation of the FTN as described in the City’s Transit Master Plan.   FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - TBD Set Public Hearing Date - Tuesday, April 15, 2025 Hold hearing to accept public comment - Tuesday, May 20, 2025 and Tuesday, June 3, 2025 at 7 p.m. TENTATIVE Council Action - TBD Staff Recommendation - Close hearing and refer to public hearing on June 3, 2025   Summary: Jennifer Bruno introduced the budget items and clarified that all budget items were presented as a single collective public hearing to implement the Mayor’s recommended MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 20, 2025 17 budget. Public Comment: Ian McCubbin spoke on a CIP request for the Foothills trails maintenance and fire stations funding, and requested the reallocation of $3 million from Green Loop Funding to cover those items. Nathan Peters spoke on a CIP request for speed bumps in the Fairpark neighborhood and requested that funding be used to install safety measures. Kim Paturzo spoke on a CIP request for additional safety measures to be implemented in the Sugarhouse area. Gary Tadesco spoke on a CIP request for the Safe Streets Program, including the installation of a traffic circle around the University of Utah communities, highlighting the poor visibility for pedestrians and residents. Robbie Reber spoke on mountain biking and hiking accessibility around the city and requested the installation and completion of new trails for all levels to use. Jane Anderson spoke on mountain biking and hiking accessibility around the city and requested the installation and completion of new trails for all levels to use. Ned Skanchy spoke on mountain biking and hiking accessibility around the city and requested the installation and completion of new trails for all levels to use. Peter Corroon spoke on CIP request item 54 for Main and Broadway Shade, which was not selected for funding, and requested reconsideration for funding the updates due to safety concerns. Ada Skanchy spoke on mountain biking and hiking accessibility around the city and requested the installation and completion of new trails for all levels to use. Samuel Rowan from District 4 spoke on a CIP request for speed bumps and the restriction of diesel trucks driving along 2100 South to create safety for the community. Josh Quigley, representing the East Central Community Council, spoke on a CIP request for Item G19 1200 East Island Reconstruction that was not selected for funding, and requested a modification to address the needed repairs to curbs and sprinklers to prevent the continued die-off of newly planted and mature trees from lack of water and car destruction. Elisabeth Barrows spoke about general parks and open space funding, requesting that more community programs and activation be implemented to enhance the trails, thereby helping to combat crime and drug issues on the unused trails. Joseph Murphy proposed a change to the current CIP application and selection MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 20, 2025 18 process, suggesting that a portion of the budget be allocated for safety measures to create a more effective way to address local safety issues. Motion: Moved by Council Member Dugan, seconded by Council Member Young to close the public hearing and refer items G5-G20 to a new public hearing on June 3, 2025. AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano, Sarah Young, Eva Lopez Chavez Final Result: 7 – 0 Pass H.POTENTIAL ACTION ITEMS:   1.Ordinance: Budget Amendment No.5 for Fiscal Year 2024-25 The Council will consider an ordinance amending the final budget of Salt Lake City, including the employment staffing document for Fiscal Year 2024-25 Budget. Budget amendments happen several times each year to reflect adjustments to the City’s budgets, including proposed project additions and modifications. The proposed amendment includes funding to cover remaining costs for the 400 South Bridge Reconstruction project, funds to repair homes in the Community Land Trust, additional funding for the Hive Pass program because of increased usage, and funding to expand the scope of a public restroom study. For more information visit tinyurl.com/SLCFY25.   FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, April 1, 2025; Tuesday, April 8, 2025; Tuesday, April 15, 2025; and Tuesday, May 6, 2025 Set Public Hearing Date - Tuesday, April 1, 2025 Hold hearing to accept public comment - Tuesday, April 15, 2025 and Tuesday, May 6, 2025 at 7 p.m. TENTATIVE Council Action - Tuesday, May 6, 2025 and Tuesday, May 20, 2025 Staff Recommendation - Refer to motion sheet(s).   Summary: Council Members discussed friendly amendments proposed by Council Members Puy, Young, and Wharton, which included splitting motions, adding legislative intents, and clarifying budget items. Motion: Moved by Council Member Dugan, seconded by Council Member Young to not adopt item I2 and include a Legislative Intent to allocate $14,000 ($2,000 per district) from fund balance to the Community and Neighborhoods budget for FY 26. The purpose of these funds would be to request that the Arts MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 20, 2025 19 Council create a public arts program for small and/or fast district-based peacemaking projects that: 1.Pursue and facilitate public-private partnerships, 2.Feature an equitable and transparent process, and 3.Include the input of the respective Council Member. Furthermore, it is the intent of the Council that administrative staff report on the progress of this program by December 2025. AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano, Eva Lopez Chavez NAY: Sarah Young Final Result: 6 – 1 Pass Motion: Moved by Council Member Wharton, seconded by Council Member Dugan to not adopt item I3, close Budget Amendment No. 5, and add more specifications with the Legislative intent as clarified in the previous motion for item I2. AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano, Sarah Young, Eva Lopez Chavez Final Result: 7 – 0 Pass I.COMMENTS:   1. There were no questions for the Mayor. 2. MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 20, 2025 20 Public Comments: Judith Murphy requested a pause in construction around the City to conduct an environmental impact study before more infrastructure is built. Cheneil Hill, represented the Stand Against Fear and Exploitation (SAFE) nonprofit organization, spoke on community safety and statewide prison reform to help protect children from offenders entering city parks and public areas. Austin Joseph spoke about non-invasive safety precautions that could be implemented to help enhance the community's safety, instead of relying on expensive surveillance cameras. Matthew Reardon spoke on federal building accountability and the unconstitutional silencing of journalists. Ricardo Mejias thanked the City for the Calm Your Streets Program, stating the results were beneficial, and requested engagement from the Council at the upcoming community meeting to discuss the We Connect Program and provide information on creating community proposals. Ian McCubbin spoke on the City Creek Fire shed and City Creek Watershed issues, and requested that more action be taken to be proactive against the risk of fires after a dry winter. J.NEW BUSINESS: NONE.   K.UNFINISHED BUSINESS: NONE.   L.CONSENT: 1.Ordinance: Alley Closure at Approximately 9 North Chicago St. (Madsen Park) The Council will set the date of Tuesday, July 1, 2025 at 7 p.m. to accept public comment and consider adopting an ordinance that would indefinitely close a portion of City-owned alley located at approximately 9 North Chicago Street (Madsen Park) running north/south mid-block between 1000 West and Chicago Street. The proposed alley closure is needed to consolidate all parcels that make up Madsen Park into one parcel to facilitate park improvements that are being funded by the Parks, Trails, & Open Space General Obligation Bond (GO Bond). This portion of the alley doesn’t provide access to nearby residents to their properties or to the park. Located within Council District 2.   MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 20, 2025 21 FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 6, 2025 Set Public Hearing Date - Tuesday, May 20, 2025 Hold hearing to accept public comment - Tuesday, July 1, 2025 at 7 p.m. TENTATIVE Council Action - Tuesday, July 8, 2025 Staff Recommendation - Set date.   2.Board Appointment: Planning Commission – Lilah Rosenfield The Council will consider approving the appointment of Lilah Rosenfield to the Planning Commission for a term ending May 20, 2029.   FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 20, 2025 Set Public Hearing Date - n/a Hold hearing to accept public comment - n/a TENTATIVE Council Action - Tuesday, May 20, 2025 Staff Recommendation - Approve.   3.Board Appointment: Planning Commission – Michael Vela The Council will consider approving the appointment of Michael Vela to the Planning Commission for a term ending May 20, 2029.   FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 20, 2025 Set Public Hearing Date - n/a Hold hearing to accept public comment - n/a TENTATIVE Council Action - Tuesday, May 20, 2025 Staff Recommendation - Approve.   4.Board Appointment: Planning Commission – Jeffrey Barrett The Council will consider approving the appointment of Jeffrey Barrett to the Planning Commission for a term ending May 20, 2029. MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 20, 2025 22   FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 20, 2025 Set Public Hearing Date - n/a Hold hearing to accept public comment - n/a TENTATIVE Council Action - Tuesday, May 20, 2025 Staff Recommendation - Approve.   5.Board Appointment: Bicycle Advisory Committee – Esther Daranciang The Council will consider approving the appointment of Esther Daranciang to the Bicycle Advisory Committee for a term ending May 20, 2028.   FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 20, 2025 Set Public Hearing Date - n/a Hold hearing to accept public comment - n/a TENTATIVE Council Action - Tuesday, May 20, 2025 Staff Recommendation - Approve. MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 20, 2025 23   Motion: Moved by Council Member Wharton, seconded by Council Member Lopez Chavez to approve the Consent Agenda. AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano, Sarah Young, Eva Lopez Chavez Final Result: 7 – 0 Pass M.ADJOURNMENT: Meeting adjourned at 8:19 pm Council Minutes Approved: [Date will be added upon approval] CRA Minutes Approved: [Date will be added upon approval] LBA Minutes Approved: [Date will be added upon approval] _______________________________ City Council Chair – Chris Wharton _______________________________ Community Reinvestment Agency Chair – Darin Mano _______________________________ Local Building Authority Chair – Chris Wharton _______________________________ City Recorder – Keith Reynolds 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 City Council, CRA, and LBA meeting held Tuesday, May 20, 2025 and is not intended to serve as a MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 20, 2025 24 full transcript. Please refer to the electronic recording for entire content pursuant to Utah Code §52-4-203.   MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY, AND COMMUNITY REINVESTMENT AGENCY Tuesday, May 20, 2025 25 Item C2 CITY COUNCIL OF SALT LAKE CITY 451 SOUTH STATE STREET, ROOM 304 P.O. BOX 145476, SALT LAKE CITY, UTAH 84114-5476 www.slc.gov/council TEL 801-535-7600 FAX 801-535-7651 MOTION SHEET SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY TO:CRA Board of Directors FROM:Kate Werrett, Budget & Policy Analyst DATE:August 12, 2025 RE: RESOLUTION: PALMER COURT AFFORDABLE HOUSING LOAN AMENDMENT MOTION 1 – ADOPT RESOLUTION I move that the Board adopt a resolution approving an amendment to the 2008 Palmer Court loan. MOTION 2 – NOT ADOPT I move that the Board not adopt the resolution to amend the 2008 Palmer Court loan. CRA BOARD MEETING – AUGUST 12, 2025 SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY PALMER COURT LOAN AMENDMENT PALMER COURT OVERVIEW SUNRISE METRO •Operated by The Road Home •201-unit permanent supportive housing project •CRA requires 60 units to be made available as short- term weekly rentals, also known as Single-Room Occupancy (SRO) units •Units targeted at 30% AMI or less •Current 25-year forgivable loan with CRA matures April 2033 •Borrower seeks to redevelop the entire property •Requesting to amend the unique CRA loan provisions that restrict 60 units to short-term rentals PRIOR BOARD ACTION LOCATION: 999 S Main Street •April 17, 2008: Approval of the requested $3,000,000 25-year forgivable loan and associated term sheet via Resolution 627.02 PALMER COURT OVERVIEW PROPOSED REDEVELOPMENT PROJECT •Phase I: Construct a new 187-unit purpose-built permanent supportive housing project on the east parking lot; Palmer Court (Existing) Gardens at Palmer (Proposed) PALMER COURT OVERVIEW PROPOSED REDEVELOPMENT PROJECT •Phase I: Construct a new 187-unit purpose-built permanent supportive housing project (Gardens at Palmer) on the east parking lot; •Phase II: Demolish existing Palmer Court building; Gardens at Palmer (Proposed) Palmer Court Demolition PALMER COURT OVERVIEW PROPOSED REDEVELOPMENT PROJECT •Phase I: Construct a new 187-unit purpose-built permanent supportive housing project (Gardens at Palmer) on the east parking lot; •Phase II: Demolish existing Palmer Court building; •Future Phases: Development of newly available 5 acres Gardens at Palmer (Proposed) Future Phases PALMER COURT DRAWINGS Palmer Court Gardens at Palmer EXISTING LOAN TERMS: 25-YEAR FORGIVABLE LOAN •Loan was issued in 2008 •Forgiveness provisions begin in 2023 •$300,000 forgiven annually •Loan is fully forgiven at term in 2033 ISSUE: SRO UNITS ARE A CONSTRAINT TO OPERATIONS AND REDEVELOPMENT •Borrower seeks to transfer the loan and its forgiveness provisions to the new Gardens at Palmer project •Gardens at Palmer is proposed to utilize both LIHTC financing and Project-Based Voucher subsidies •SRO units rented on a weekly basis are incompatible with LIHTC regulations and Project-Based Voucher requirements, due to minimum initial lease terms •Existing SRO units can be rented on a weekly basis; however, the average tenure of a tenant in an SRO unit is 3.2 years •Borrower has expressed that modification of this requirement is critical for current and future operational viability PALMER COURT LOAN AMENDMENT REQUEST REQUEST: MODIFY REQUIREMENT FOR 60 SRO UNITS •The Road Home is requesting a modification of the weekly rental provision to allow the 60 units to have longer-term leases (12- month minimum) to assist in the redevelopment project financing. •This modification would apply to the 60 units that are in the existing Palmer Court Development, in addition to the replacement units in Gardens. •This modification will improve existing operations •This modification will ensure Borrower’s ability to unlock required capital and operating subsidy resources PALMER COURT LOAN AMENDMENT REQUEST RECOMMENDATION: GRANT MODIFICATION REQUEST, WITH ADDITIONAL BENEFITS IN FUTURE PHASES •CRA’s financial position does not change under the proposed terms •Borrower commits to prioritizing current Palmer Court SRO residents in the lease-up process of Gardens at Palmer •Borrower commits to a CRA Preference for up to 14 units in Future Phases, where CRA can identify income-eligible households at risk of displacement to be prioritized in unit leasing. Original Loan Amount $3,000,000 Total Amount Owed $3,000,000 Forgiveness Amount To-Date ($900,000) Current Amount Owed to CRA $2,100,000 Questions? SALT LAKE CITY TRANSMITTAL To:  Community Reinvestment Agency Chair Salt Lake City Council Chair Submission Date: 07/25/2025 Date Sent to Council: 07/28/2025 From: Department * Community Reinvestment Agency Employee Name: Fenton, Meghan E-mail Meghan.Fenton@slc.gov Community Reinvestment Agency Director Signature Mayor's Office Chief of Staff Signature Community Reinvestment Agency Director Signed Date 07/25/2025 Chief of Staff's Signed Date 07/28/2025 Subject: Palmer Court Affordable Housing Loan Amendment Additional Staff Contact:Presenters/Staff Table Browne Sebright - Brown.Sebright@slc.gov, Tracy Tran- Tracy. Tran@slc.gov Document Type Resolution Budget Impact? Yes No Recommendation: Approve the Term Sheet amending the Palmer Court loan, with additional provisions to prioritize lease up of existing residents, and a CRA Preference for units of future phases. Background/Discussion First issued in 2008, the Road Home seeks to modify their existing loan on their deeply affordable/permanent supportive housing project to accommodate new construction, and the eventual redevelopment of the entire property. Will there need to be a public hearing for this item?* Yes No Public Process This page has intentionally been left blank SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY SALT LAKE CITY CORPORATION 451 SOUTH STATE STREET, ROOM 115 WWW.SLC.GOV · WWW.CRA.SLC.GOV P.O. BOX 145518, SALT LAKE CITY, UTAH 84114-5518 TEL 801-535-7240 · FAX 801-535-7245 MAYOR ERIN MENDENHALL Executive Director DANNY WALZ Director STAFF MEMO DATE: July 25, 2025 PREPARED BY: Browne Sebright, Project Manager; Tracy Tran, Senior Project Manager RE: Palmer Court Affordable Housing Loan Amendment REQUESTED ACTION: Review and consider approving via resolution, an amendment to the Palmer Court Loan RECOMMENDATION: Affordable Housing BUDGET IMPACTS: $3,000,000 EXECUTIVE SUMMARY: The Salt Lake City Community Reinvestment Agency (“CRA”) provided a $3,000,000 forgivable loan to Shelter the Homeless II, LC, which is operated by The Road Home (“Borrower”), to develop Palmer Court in 2008. Palmer Court, located at 999 S Main Street, is a permanent supportive housing development with 201 units, with a mix of studio, one-bedroom, and two-bedroom units for households earning 30% of the area median income (“AMI”) or less (“Project”). The Project also includes onsite supportive services to support the residents. The Project currently includes 141 units that are restricted by low-income housing tax credits (“LIHTC”) agreements and 60 units are restricted by the CRA loan agreement. The Borrower seeks to redevelop the entire property, beginning with constructing a new building adjacent to the Project on a vacant portion of the site along State Street. The new development named Gardens at Palmer (“Gardens”) will include 187 units that will be 100% affordable to those earning at or below 30% AMI. To finance Gardens, the Borrower is seeking an amendment to their existing loan that will allow them to assign the loan to the new entity and amend the unique CRA loan provisions that restrict 60 of the units to be made available as short-term, weekly rentals. BACKGROUND/DISCUSSION: In 2008, the CRA provided a $3,000,000 forgivable loan for Palmer Court. The term of the loan matures on April 1, 2033, and the term includes provisions that provide $300,000 of loan forgiveness annually, beginning in 2023, provided that the project maintains 60 Single Room Occupancy (“SRO”) short-term rental units, which must be available to rent on a weekly basis (referred to in the loan agreement as “Designated Units”). The 60 units were meant to mitigate the CRA demolition of two SRO hotels at the current site of The Aster 1 (265 S State Street), and tenants of those properties were given preference at Palmer Court. The requirement for 60 SRO units is solely attributable to the CRA. The 60 units, which are configured as studios, are currently rented at rates below the 30% AMI rent limit. The existing site is currently underutilized, with parking lots and landscaping covering about 60% of the property. Additionally, the current configuration of the facility (an adaptive reuse of a former Holiday Inn) causes ongoing security concerns. The Borrower intends to redevelop the property to increase the overall number of affordable units in several phases. First, Gardens will be constructed on the State Street-facing parking lot, with groundbreaking anticipated in early 2026. Once completed, tenants from the existing building will be relocated to the new structure between 2027 and 2028. Following the relocation, the existing building will be demolished and approximately 5 acres of the site will be redeveloped beginning in mid-to-late 2028 (“Future Phases”). Gardens has applied for 9% Low-Income Housing Tax Credits (LIHTC) this year. ANALYSIS & ISSUES: The existing SRO units pose a constraint to existing operations and site redevelopment. SRO units rented on a weekly basis may cause issues if transferred to the new development, due to incompatibility with LIHTC regulations and Project-Based Voucher requirements, which mandate initial minimum lease terms of six months and one year, respectively. Additionally, the Borrower has expressed that modifying the weekly rental provision of these 60 units is critical for current and future operational viability. While the 60 SRO units are made available to rent on a weekly basis, in practice, the tenants of all 60 units have chosen to pay on a monthly basis. The average tenure of a tenant in an SRO unit is 3.2 years. Of the tenants originally relocated from the demolished State Street SRO hotels, there are two original clients who remain in the facility (having resided at Palmer Court for over 15 years). The Borrower states that they do not anticipate adverse impacts on the households from a change to longer lease terms. The Borrower requests a modification of the weekly rental provision to allow the 60 units to have longer-term leases (12-month minimum). This modification would apply to the 60 units that are in the existing Palmer Court development, in addition to the replacement units in Gardens. This modification will ensure the Borrower’s ability to unlock required capital and operating subsidy resources and to ensure the new facility's optimal operational viability. This modification will also improve existing operations, allowing the Borrower to fill vacant units with residents with vouchers. If the CRA Board agrees to modify the terms, the Borrower intends to transfer over the project-based voucher contract, the CRA contract, and other contract obligations to the new development. Once the current building is demolished, the Borrower intends to redevelop the newly available portion of the site to include a mix of affordable for-sale or wealth-building housing, commercial spaces, and other City or Community Redevelopment Agency (CRA) priorities. PROPOSED LOAN TERMS: Most of the key terms would remain unchanged, pursuant to the borrower's request. These include maintaining the maturity date of April 1, 2033, and provisions that provide $300,000 of loan forgiveness annually, beginning in 2023. 2 The loan terms that are requested to be modified include the definition of “Designated Units” (referring to the 60 SRO units) and subsequent references and requirements related to the weekly rental of those units. CRA staff also recommends including two additional provisions. First, the Borrower must prioritize current Palmer Court SRO residents in the lease-up process in the new development and allocate a budget for anticipated relocation costs of those residents. Second, the Borrower will commit to giving preference to residents who may be displaced from other CRA projects in the construction of the units in Future Phases of the Palmer Court site redevelopment. While CRA policy strongly discourages displacement, it also requires relocation plans if it is necessary and unavoidable. By reserving the right to units in Future Phases of the development, the CRA will have secured homes if future CRA residential rehabilitations or development require the temporary or permanent relocation of residents from their original units. NEXT STEPS: The Board should review and consider approving the Term Sheet included in Attachment A and the Resolution in Attachment C. PREVIOUS BOARD ACTION: •April 17, 2007 – Consideration and Adoption of Resolution No. 627.02: “Resolution of the Board of Directors of the Redevelopment Agency of Salt Lake City Approving the Term Sheet for SRO Replacement Units and an Agency Contribution to Acquisition and Renovation of the Hotel Property.” ATTACHMENTS: A.Term Sheet B.Site Plan C.Resolution 3 ATTACHMENT A – TERM SHEET Term Sheet for the Palmer Court Affordable Housing Loan Amendment Among the Salt Lake City Community Reinvestment Agency, Shelter the Homeless II, L.C. and Gardens at Palmer TRH LLC for the Development of Gardens at Palmer Purpose To assign and modify the terms of a 2008 loan agreement for $3,000,000 by and between the Salt Lake City Community Reinvestment Agency, f/k/a Redevelopment Agency of Salt Lake City (“CRA”) and Shelter the Homeless II, LC, which is operated by The Road Home (“Borrower”), enabling the redevelopment of Palmer Court (“Current Project”), which is located at 999 S Main Street. The redevelopment will encompass the construction of a new affordable residential development called Gardens at Palmer (“Gardens”), to be located east of the Current Project, to preserve and facilitate expansion of deeply affordable and permanent supportive housing. Parties • Shelter the Homeless II, L.C. (“Current Borrower”) • Gardens at Palmer TRH LLC (“Assignee Borrower”) • Salt Lake City Community Reinvestment Agency (“CRA”) Properties Parcels 16-07-301-013-0000, 16-07-302-005-0000 and 16-07-301-017-0000. Eligible Use of Funds Funds have already been dispersed and expended for the acquisition of 6.23 acres and then- existing hotel located at 999 South Main Street. Terms Category Existing Agreement Proposed Modifications Loan Terms $3M CRA loan; $300K forgiven annually (2023–2033); fully forgiven by April 1, 2033, so long as Borrower is not in material default (beyond any applicable notice, grace, or cure periods). Same loan terms preserved; maturity date and forgiveness schedule unchanged. SRO Requirements 60 units must be available to be rented weekly as required under the CRA loan and tied to mitigation for previous SRO demolitions. Remove weekly rental requirement; initial lease term modified to a minimum of 1 year. This modification would go into effect upon amendment 4 Category Existing Agreement Proposed Modifications execution, in advance of the redevelopment. Affordability Existing Loan Agreement establishes rental limits for SRO units. Existing units are currently rented at rates below the 30% AMI rent limit. Proposed amendment would preserve affordability, ensuring that all units (currently proposed to be 187 units total) will be rented at deeply affordable rates meaning affordable to households at or below 30% AMI. Protections for Current Residents Existing Loan Agreement gives initial priority to former State Street SRO Hotel residents when new units at Palmer Court became available. Proposed amendment would give preference to existing Palmer Court SRO residents when new units at Gardens become available. Proposed amendment also would give preference to residents displaced from other CRA projects in a limited number of units constructed in the redevelopment’s Future Phases (defined below). Deed Restrictions The requirements for the 60 SRO units are laid out within the loan agreement. The affordability requirements for Gardens can be addressed through a Deed Restriction. Compliance and Legal Requirements Assignee Borrower will be required to take the following actions to meet the CRA’s compliance and legal requirements: •Comply with all local, state, and federal regulations, including zoning, environmental, and fair housing laws. •Execute amended loan documents (e.g. promissory notes, loan agreements, security documents, restrictive use agreements) as requested by the CRA and its legal counsel. •Receive approval from the CRA and its legal counsel of all matters pertaining to title, legality of the loan, and the legality, sufficiency, and the form and substance of all documents that are requested by CRA for the loan transaction. •Provide evidence of insurance in such amounts and with such coverage as requested by the CRA for the property. •Such other terms as requested by the CRA’s legal counsel and staff. 5 Conditions for Maintaining Loan Forgiveness Provisions In order for the amended loan and its terms, including forgiveness provisions, to be reassigned from the Current Borrower to Assignee Borrower, the Current Borrower and/or Assignee Borrower must meet the following conditions which must be satisfied in the CRA’s sole discretion: • Obtain all financial, legal, and regulatory approvals required for the construction, completion, and operations of Gardens. To facilitate obtaining such approvals and advancing the redevelopment project, CRA will provide necessary documentation on applicable CRA policies, loan compliance, and subordination agreements, as needed. • Provide the CRA with updates to Gardens’ sources and uses and operating proforma. Future Phases Tenant Preferences The demolition of the Current Project will enable approximately five acres of the site to be redeveloped beginning in mid-to-late 2028 (“Future Phases”). As part of the site’s redevelopment, the boundaries for the existing three parcels will be adjusted to include a new parcel for Gardens, and one or more parcels for Future Phases. As a condition of the amended loan terms, the Borrower, or Assignee Borrower commits to recording a deed restriction, land use restriction agreement, plat notes, or similar mechanism on one or more parcels assigned to Future Phases with the following terms: • Any development of the Future Phases shall include at least 100 additional Affordable Residential Housing Units (beyond proposed 187 affordable units in Gardens). o Affordable Residential Housing Units is defined as rental units rent-restricted to households earning 60% of the area median income (“AMI”) and below, or homeownership units restricted to households earning 120% of AMI and below. • Subject to all applicable Fair Housing laws and requirements of the Low-Income Housing Tax Credit (LIHTC) program and Housing Authority (as applicable), any development of the site shall give a limited tenant preference of up to 14 residential units to income- eligible households that have been displaced from other CRA-assisted properties (the “CRA Preference”). The CRA Preference: o Shall remain in effect for the duration of the loan term, through April 2033; o Shall not result in a refusal to rent to any applicant based on membership in a protected class in violation of federal or state Fair Housing law; o Must be documented in a written Tenant Selection Plan approved by the CRA and, where applicable, the Housing Credit Agency or other funders; o May be implemented only with all required regulatory approvals in place. • These CRA Preference restrictions shall run with the land and may be modified only by formal action of the CRA Board of Directors. o In the event that future circumstances, presently unforeseeable or undefined, render this provision impracticable, unenforceable, or contrary to applicable law 6 or policy, the parties shall engage in good faith to modify or waive the provision as necessary. o If the Borrower or Assignee Borrower seeks to modify or remove the CRA Preference prior to April 1, 2033, it shall be their sole responsibility to formally request an amendment from the CRA. Any such request must be submitted in writing and must include clear justification, including legal, financial, or regulatory reasoning for the proposed change. 7 ATTACHMENT B – SITE PLAN 8 9 ATTACHMENT C – RESOLUTION 10 SALT LAKE CITY CORPORATION 451 SOUTH STATE STREET, ROOM 115 WWW.SLC.GOV · WWW.CRA.SLC.GOV P.O. BOX 145518, SALT LAKE CITY, UTAH 84114-5518 TEL 801-535-7240 · FAX 801-535-7245 SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY RESOLUTION NO. _______________ Adopting Term Sheet for the Palmer Court Affordable Housing Amended Loan Agreement for Construction of the Gardens at Palmer RESOLUTION OF THE BOARD OF DIRECTORS OF THE SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY APPROVING THE TERM SHEET FOR THE PALMER COURT AFFORDABLE HOUSING AMENDED LOAN AGREEMENT WHEREAS, the Salt Lake City Community Reinvestment Agency (CRA) was created to transact the business and exercise the powers provided for in the Utah Community Reinvestment Agency Act, including the development of affordable housing. WHEREAS, Shelter the Homeless II, L.C. (Shelter the Homeless) is a nonprofit organization dedicated to serving individuals experiencing homelessness and working with partners to develop safe facilities and expand solutions to prevent and end homelessness in Utah. WHEREAS, on April 17, 2007, the CRA’s Board of Directors (then known as the Redevelopment Agency of Salt Lake City Board of Directors) (Board) approved Resolution No. 627.02, setting aside $3 million of CRA funds to be distributed to Shelter the Homeless as a forgivable loan with conditions requiring 60 Single-Room Occupancy (SRO) units to be made available as weekly rentals. The $3 million principal remains outstanding. WHEREAS, Shelter the Homeless’ Palmer Court facility is located at 999 South Main Street, and contains 201 units of affordable housing, including 60 units with CRA restrictions. Shelter the Homeless plans to redevelop its Palmer Court facility, which is aging and inadequate, and replace it with a development called Gardens at Palmer on a parcel just east of the existing site. Gardens at Palmer is proposed to include 187 new units of affordable housing. WHEREAS, the transfer of a majority of the existing affordable housing units to a new building will permit the demolition of the existing, inadequate Palmer Court structure, and will further allow for the development of additional affordable housing and other community benefits in future phases of the project. WHEREAS, the transfer of 60 weekly rental SRO units to the new Gardens at Palmer development would hamper redevelopment, as inclusion of weekly rental SRO units may conflict with certain requirements for key sources of funding for the project, including Low-Income Housing Tax Credits (LIHTC) and Project-Based Vouchers (PBV), as well as hamper operational viability. WHEREAS, CRA staff recommends that the Board approve the attached Term Sheet to assign the existing $3 million loan to the new project entity for Gardens at Palmer and modify certain loan provisions, including removing the requirement for SRO units to be offered as weekly rentals, and adding requirements for additional affordable housing units to be created in future project phases, while maintaining key loan terms such as the maturity date, annual loan forgiveness, and affordability levels. NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Salt Lake City Community Reinvestment Agency that the Palmer Court Affordable Housing Loan Amendment as outlined in the Term Sheet attached hereto is approved, subject to revisions that do not materially affect the rights and obligations of the CRA hereunder. The Board authorizes the Director to negotiate and execute the legal agreements and any other relevant documents consistent with the Term Sheet and incorporating such other terms and agreements as recommended by the City Attorney’s office. Passed by the Board of Directors of the Redevelopment Agency of Salt Lake City, this ____ day of August, 2025. _________________________________ Darin Mano, Chair Approved as to form: __________________________________ Salt Lake City Attorney’s Office Sara Montoya Date:_______________________ The Executive Director: ____ does not request reconsideration ____ requests reconsideration at the next regular Agency meeting. ________________________________ Erin Mendenhall, Executive Director Attest: ________________________ City Recorder July 23, 2025 EXHIBIT A – TERM SHEET Term Sheet for the Palmer Court Affordable Housing Loan Amendment Among the Salt Lake City Community Reinvestment Agency, Shelter the Homeless II, L.C. and Gardens at Palmer TRH LLC for the Development of Gardens at Palmer Purpose To assign and modify the terms of a 2008 loan agreement for $3,000,000 by and between the Salt Lake City Community Reinvestment Agency, f/k/a Redevelopment Agency of Salt Lake City (“CRA”) and Shelter the Homeless II, LC, which is operated by The Road Home (“Borrower”), enabling the redevelopment of Palmer Court (“Current Project”), which is located at 999 S Main Street. The redevelopment will encompass the construction of a new affordable residential development called Gardens at Palmer (“Gardens”), to be located east of the Current Project, to preserve and facilitate expansion of deeply affordable and permanent supportive housing. Parties • Shelter the Homeless II, L.C. (“Current Borrower”) • Gardens at Palmer TRH LLC (“Assignee Borrower”) • Salt Lake City Community Reinvestment Agency (“CRA”) Properties Parcels 16-07-301-013-0000, 16-07-302-005-0000 and 16-07-301-017-0000. Eligible Use of Funds Funds have already been dispersed and expended for the acquisition of 6.23 acres and then- existing hotel located at 999 South Main Street. Terms Loan Terms annually (2023–2033); fully forgiven by April 1, 2033, in material default (beyond any applicable notice, grace, or cure Same loan terms preserved; maturity date and forgiveness schedule unchanged. SRO Requirements Category Existing Agreement Proposed Modifications and tied to mitigation for previous SRO demolitions. into effect upon amendment execution, in advance of the Affordability Existing Loan Agreement establishes rental limits for SRO units. Existing units are currently rented at rates below the 30% AMI rent limit. preserve affordability, ensuring that all units (currently proposed to be 187 units total) will be rented at deeply affordable rates meaning affordable to households at or below 30% Protections for Current Residents Existing Loan Agreement gives initial priority to former State Street SRO Hotel residents when new units at Palmer Court became available. preference to existing Palmer Court SRO residents when new units at Gardens become available. Proposed amendment also would give preference to residents displaced from other CRA projects in a limited number of units constructed in the redevelopment’s Future Deed Restrictions The requirements for the 60 SRO units are laid out within the loan agreement. for Gardens can be addressed Compliance and Legal Requirements Assignee Borrower will be required to take the following actions to meet the CRA’s compliance and legal requirements: • Comply with all local, state, and federal regulations, including zoning, environmental, and fair housing laws. • Execute amended loan documents (e.g. promissory notes, loan agreements, security documents, restrictive use agreements) as requested by the CRA and its legal counsel. • Receive approval from the CRA and its legal counsel of all matters pertaining to title, legality of the loan, and the legality, sufficiency, and the form and substance of all documents that are requested by CRA for the loan transaction. • Provide evidence of insurance in such amounts and with such coverage as requested by the CRA for the property. • Such other terms as requested by the CRA’s legal counsel and staff. Conditions for Maintaining Loan Forgiveness Provisions In order for the amended loan and its terms, including forgiveness provisions, to be reassigned from the Current Borrower to Assignee Borrower, the Current Borrower and/or Assignee Borrower must meet the following conditions which must be satisfied in the CRA’s sole discretion: • Obtain all financial, legal, and regulatory approvals required for the construction, completion, and operations of Gardens. To facilitate obtaining such approvals and advancing the redevelopment project, CRA will provide necessary documentation on applicable CRA policies, loan compliance, and subordination agreements, as needed. • Provide the CRA with updates to Gardens’ sources and uses and operating proforma. Future Phases Tenant Preferences The demolition of the Current Project will enable approximately five acres of the site to be redeveloped beginning in mid-to-late 2028 (“Future Phases”). As part of the site’s redevelopment, the boundaries for the existing three parcels will be adjusted to include a new parcel for Gardens, and one or more parcels for Future Phases. As a condition of the amended loan terms, the Borrower, or Assignee Borrower commits to recording a deed restriction, land use restriction agreement, plat notes, or similar mechanism on one or more parcels assigned to Future Phases with the following terms: • Any development of the Future Phases shall include at least 100 additional Affordable Residential Housing Units (beyond proposed 187 affordable units in Gardens). o Affordable Residential Housing Units is defined as rental units rent-restricted to households earning 60% of the area median income (“AMI”) and below, or homeownership units restricted to households earning 120% of AMI and below. • Subject to all applicable Fair Housing laws and requirements of the Low-Income Housing Tax Credit (LIHTC) program and Housing Authority (as applicable), any development of the site shall give a limited tenant preference of up to 14 residential units to income- eligible households that have been displaced from other CRA-assisted properties (the “CRA Preference”). The CRA Preference: o Shall remain in effect for the duration of the loan term, through April 2033; o Shall not result in a refusal to rent to any applicant based on membership in a protected class in violation of federal or state Fair Housing law; o Must be documented in a written Tenant Selection Plan approved by the CRA and, where applicable, the Housing Credit Agency or other funders; o May be implemented only with all required regulatory approvals in place. • These CRA Preference restrictions shall run with the land and may be modified only by formal action of the CRA Board of Directors. o In the event that future circumstances, presently unforeseeable or undefined, render this provision impracticable, unenforceable, or contrary to applicable law or policy, the parties shall engage in good faith to modify or waive the provision as necessary. o If the Borrower or Assignee Borrower seeks to modify or remove the CRA Preference prior to April 1, 2033, it shall be their sole responsibility to formally request an amendment from the CRA. Any such request must be submitted in writing and must include clear justification, including legal, financial, or regulatory reasoning for the proposed change. This page has intentionally been left blank DRAFT Ground Lease Term Sheet Jazz Arena Investors LLC Delta Center Property Purpose To continue to draw people to downtown Salt Lake City and the Central Business District Project Area by encouraging numerous sports, entertainment, cultural, and recreational activities, including home games of a National Basketball Association (NBA) franchise and a National Hockey League (NHL) franchise, among others. Parties Jazz Arena Investors LLC (“JAI”), an affiliate of Smith Entertainment Group, LLC (“SEG”), and the Salt Lake City Community Reinvestment Agency (“CRA”). SEG, through its subsidiaries, is the current owner of the Utah Jazz NBA franchise and the Utah Mammoth NHL franchise. JAI is the current lessee and operator of the Delta Center property. Property to be Leased The Delta Center property owned by the CRA and located at approximately 301-365 West South Temple in CRA’s Central Business District Project Area, as shown on Exhibit A. This property is referred to as the “Property” throughout this document. General Description The CRA and JAI have in place a long-term ground lease on the Delta Center property that, including extensions, is set to expire in 2060 (the “Current Lease”). JAI has requested an amended and restated lease in connection with the planned renovation and redevelopment of the Delta Center and surrounding property described in the Participation, Tax Sharing and Reimbursement Agreement (the “2024 Participation Agreement”) executed between SEG, SEG’s affiliate, and Salt Lake City in December 2024. Under the proposed amended and restated lease (the “New Lease”), CRA will lease the Property to JAI for up to one hundred (100) years, during which time JAI may renovate existing improvements, build new improvements (collectively, the “Improvements”), and, at JAI’s option, enter into subleases with businesses in a wide variety of industries including retail, hospitality, restaurants, bars, entertainment, and professional and personal services. Proposed Major Lease Terms  Rent Fixed Rent. Similar to the Current Lease, the rental fee will be one dollar ($1) per year for the duration of the term so long as a certain condition is met (“Fixed Rent Condition”), specifically:  Either an NBA franchise or an NHL franchise (or both) must be using the arena as its primary venue for home games.  The home game requirement excludes international games pursuant to a league- wide program, outdoor games, or “home games” played at other venues as intermittently required or permitted by the respective league and reflected on the league’s official schedule.  The home game requirement also excludes temporary closures required for maintenance, renovations, force majeure events, off-season, or other temporary interruptions that are customary for similar facilities. 2 Market Rent. After the initial term of thirty (30) years, for any period of time during which the Fixed Rent Condition is not met, CRA has the option to charge “Market Rent” which is defined as a rental rate that is equal to the then-prevailing fair market rental rate for the continuation of a ground lease under the terms of the New Lease. Any period during which Market Rent applies, the Market Rent amount will be determined as follows:  CRA and JAI each will hire its own independent third-party appraiser experienced in comparable sports and entertainment venues.  Appraisals will assume an arm’s length ground lease for the Property including all Improvements located on the Property at the time in question.  The appraisals will be conducted on an “as-is” basis, assuming the Improvements have been maintained in accordance with the facility standard required under the New Lease.  If the fair market rental rates determined by the appraisers are within ten percent (10%) of each other, rent for the remainder of the Renewal Term will be the average of the two appraisals.  Otherwise, the parties’ appraisers will select a third appraiser to conduct an appraisal based on the same assumptions. Rent will be determined by the average of the two of the three appraisals with the closest rental rates.  NNN Lease The Fixed Rent and Market Rent (as applicable) are absolutely net to the CRA. JAI will pay for all insurance, taxes, utilities, repairs, maintenance and other services and costs (of whatever kind or nature) relating to the Property and the Improvements throughout the term of the Lease.  Lease Term and Renewals The initial term will be for thirty (30) years, expiring in 2055 (“Initial Term”). JAI will have the right, subject to specific conditions, to renew the lease for up to seven (7) additional consecutive terms of ten (10) years each (“Renewal Terms”).  Tenant Improvements JAI will have the right to modify the existing improvements, add or remove improvements, or modify later constructed improvements however it deems suitable, as long as any such change does not materially and negatively affect the operational capability or structural integrity of the improvements. Consistent with the terms of the 2024 Participation Agreement, CRA will not have the right to approve the arena renovation construction budget and estimated timetable for construction, including any construction phasing. However, for new non-arena improvements that will be subleased to third parties (not controlled by, or under the common control of, JAI), depending on the planned use, CRA may have the right to review the nature and scope of the proposed construction or improvements, along with other information.  Arena Operation After the first thirty (30) years, once the Home Game Covenant (as defined in the Participation Agreement) is no longer in effect, JAI is required to use commercially reasonable efforts to ensure that the arena remains open, operational, and activated throughout the year. However, it does not require that any professional or other sports team use the arena. 3  Assignment and Subleasing Assignment or Sublease of the Entire Property. JAI is permitted to assign its entire interest in the New Lease or sublet the entire Property as long as it obtains CRA’s prior written consent; provided that similar to the terms of the 2024 Participation Agreement, JAI may, without CRA’s consent, assign or otherwise convey all or any portion of JAI’s rights and obligations under the New Lease or equity interests, so long as, in the case of a sale involving the NBA franchise or the NHL franchise that requires the NBA’s and/or NHL’s approval, the NBA or NHL, as applicable, has approved such sale, and JAI provides notice of the transfer to CRA. CRA’s consent or denial of JAI’s request to assign or sublet its interest in the New Lease must be based on business experience, financial ability, or credit-worthiness of the proposed assignee or sublessor. Subleases That Do Not Require Notice or Consent. Subleases that (a) involve less than the entire Property and have a term of less than one (1) year or (b) are entered into with entities controlled by, or under the common control of, JAI, do not require notice to or approval from CRA. In addition, once an improvement or portion of an improvement is subleased, JAI is not required to notify or obtain approval of CRA before replacing the original subtenant with a new subtenant once the original sublease expires. Non-Arena Subleases. JAI will be permitted to enter into subleases or similar contractual arrangements related to a non-arena improvement subject to prior notice to CRA and, in some cases, CRA’s approval. Where prior notice is required, JAI must also provide CRA with certain information about the planned arrangements.  CRA will have the right to review and approve a proposed sublease or other arrangement in the following scenarios: o Scenario #1: Within the first fifteen (15) years of the initial term of the New Lease, for a sublease or other agreement that fits within a set of pre- approved uses, including: retail, entertainment, hospitality, services (e.g., health and wellness services, financial institutions, or professional services), bar or restaurant (the “Approved Uses”), the CRA will have five (5) business days after receipt of the information above to object in writing to the proposed use. CRA may decline to approve only on the basis that the use is not one of the Approved Uses. o Scenario #2: Beginning in year sixteen (16) of the initial term of the New Lease, for any sublease or similar arrangement involving an Approved Use, the CRA will have ten (10) business days to review and object in writing if the proposed subtenant lacks sufficient business experience, financial ability, or credit-worthiness necessary to perform its obligations under the proposed agreement. o Scenario #3: For a proposed use outside of the Approved Uses, CRA will have thirty (30) days to review the information provided and object in writing on a commercially reasonable basis. o Scenario #4: To facilitate the regular turnover of subtenants in any non- arena improvement, once an improvement has been subleased, JAI may replace the subtenant upon expiration or termination of the existing sublease without CRA’s prior written consent.  As-Is Lease; Tenant Indemnity CRA is offering the Property on an “as-is, where is condition with all faults, without warranty or representation of any kind.” In addition, the New Lease will include an 4 indemnification provision requiring JAI to indemnify the CRA against claims arising from JAI’s acts or omissions, as well as claims or losses arising out of or related to certain JAI-caused environmental conditions or the use, storage, generation or disposal of hazardous materials, at the Property. CRA will be obligated to reimburse JAI for all cleanup costs and related expenses, plus a five percent (5%) administrative fee, if a court determines that the CRA or Salt Lake City caused contamination resulting from a release of hazardous materials occurring after commencement of the New Lease.  Property Condition Standard; Maintenance During the term, JAI will be required to maintain and repair the Property and all Improvements as follows:  In a “first-class condition” (reasonable wear and tear and casualty excepted), in compliance with NBA and/or NHL Rules as long as one of the teams is using the arena as its primary venue for home games, and taking into account factors such as age, design, and location.  Otherwise (if neither team is using the arena as its primary venue), JAI will be required to maintain the Property to a first-class standard comparable to other, similar multi-purpose facilities without an NBA or NHL franchise. However, other than ensuring that the arena is returned to the CRA in a condition consistent with the facility standard, JAI will have no obligation to restore or replace the arena or any other improvements constructed on the Property at the end of the lease term.  Insurance JAI will be required to maintain the following insurance:  Commercial General Liability (CGL) coverage at $1,000,000 per occurrence.  Umbrella/excess liability coverage of $50,000,000.  Auto insurance of not less than $2,000,000.  Business interruption insurance (12 months).  Workers compensation insurance.  Employment practices insurance of at least $1,000,000.  Cyber insurance with not less than $5,000,000 per claim.  Terrorism insurance (in an amount at JAI’s discretion).  Pollution liability insurance during construction with $1,000,000.  Liquor liability insurance with at least $1,000,000.  During the arena renovation, builder’s risk insurance for full replacement value, professional liability insurance (architects, engineers, design professionals) for $5,000,000 per claim, and CGL of not less than $20,000,000 to cover the risk of crane collapse. In the event that damage to or destruction of any improvement occurs, insurance proceeds will be applied to the restoration or repair of the improvements (subject to the supervision and control of leasehold mortgagees once JAI mortgages its leasehold interest in the Property). In the event that the arena suffers damage that is greater than fifty percent (50%) of its replacement costs, JAI can elect to either (a) restore the arena to its pre-damage condition or better, or (b) notify CRA of its intent to terminate the New Lease. In the event JAI opts to terminate, insurance proceeds will go first to the 5 leasehold mortgagee. Any remaining proceeds will flow to JAI to either repair the arena or raze it. Then, to the extent any insurance proceeds remain, they will be divided equally between JAI and CRA.  Leasehold Mortgage JAI will have the right to mortgage, encumber, assign, pledge or otherwise collaterally transfer its leasehold interest under the New Lease to one or more lenders without CRA’s consent.  Naming Rights JAI will have the exclusive right to name the arena and other improvements and to sell, assign, license, pledge, or otherwise exploit all naming, sponsorship, entitlement, and related intellectual property rights and to receive one hundred percent (100%) of all revenue, royalties, cash, or other economic benefits. The limited restrictions on naming include that any name cannot: (a) be obscene, (b) violate applicable law, (c) contain racial slurs, obscenities, or products or messages of an explicit sexual nature; or (d) include the name of another city in a manner that reasonably suggests that the arena is located outside of the Salt Lake City.  Default; Remedies Events of Default. Material default under the New Lease includes, among other things, failure to:  pay rent,  maintain the required insurance,  maintain, repair, or restore the improvements to the required standard,  comply with the Home Game Covenant, and  utilize the arena on a reasonably continuous basis as required under the New Lease if/after both the NBA and NHL franchises are no longer utilizing the arena for home games. Remedies. In the event of a JAI default, CRA is required to provide JAI and any leasehold mortgagee written notice of the default. If the default continues after the applicable cure period, CRA may exercise any right or remedy available at law or in equity, including but not limited to termination of the New Lease. Conditions to Lease Execution  JAI must provide Certificates of Insurance evidencing it is in compliance with the Ground Lease’s insurance provisions, including that CRA is listed as an additional insured.  CRA and JAI must agree on a comprehensive lease agreement for the New Lease.  The New Lease and all its terms must receive approval from the attorney’s offices of CRA and the City on all matters pertaining to the legality, sufficiency, and form and substance of any other documents that are deemed reasonably necessary for the execution of the New Lease. SALT LAKE CITY TRANSMITTAL To: Community Reinvestment Agency Chair Salt Lake City Council Chair Submission Date: 08/ 12/2025 Date Sent to Council: 08/ 12/2025 From: Department * Community Reinvestment Agency Employee Name: Stine, Robyn E-mail robyn.stine@slc.gov Community Reinvestment Agency Director Signature Mayor's Office Chief of Staff Signature Community Reinvestment Agency Director Signed Date 08/ 12/2025 Chief of Staff's Signed Date 08/12/ 2025 Subject: Amended & Restated Ground Lease with Jazz Arena Investors Additional Staff Contact: Danny Walz, danny.walz@slc.gov Presenters/Staff Table Danny Walz, danny.walz@slc.gov Document Type Resolution Budget Impact? Yes No Recommendation: Consideration and adoption of Resolution Approving the TermSheetforanAmendedandRestatedGroundLeasewithJazzArenaInvestors, LLC Background/Discussion The Agency’s involvement in the arena project began in the late 1980’s by purchasing the property, constructing a nearby parking garage, and nancing certain site improvements. On June 8, 1990, theAgencyenteredintoanagreementwiththeLarryH. Miller Arena Corporation for thedevelopmentofasportsandentertainmentarenatobeincludedaspartoftheleasingofAgencyproperty. Following a 15-month construction period the arena opened in October 1991. The purpose ofthearenawastoserveashometotheUtahJazzandhostadditionalsports, entertainment, andrecreationaluses. The Agency provided a 50-year lease at a nominal rate of $1/year in recognitionofthesignicanteconomicbenetsofattractingmorepeopletodowntown. In October 2020, RyanSmithpurchasedthemajoritystakeintheUtahJazzandtheAgencylaterexecutedaFirstAmendmenttoLeasewiththeJazzArenaInvestors, LLC (“JAI”) on February 2, 2022. Theamendedleaseprovidedtwo10-year options for renewal and updated other terms from theoriginallease. Will there need to be a public hearing for this item?* Yes No Public Process This page has intentionally been left blank SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY SALT LAKE CITY CORPORATION 451 SOUTH STATE STREET, ROOM 115 WWW.SLC.GOV · WWW.CRA.SLC.GOV P.O. BOX 145518, SALT LAKE CITY, UTAH 84114-5518 TEL 801-535-7240 · FAX 801-535-7245 MAYOR RIN ENDENHALL Executive Director DANNY ALZ Director STAFF MEMO DATE: August 11, 2025 PREPARED BY: Danny Walz, Director RE: Consideration and Adoption of a Resolution Approving the Term Sheet for an Amended and Restated Ground Lease with Jazz Arena Investors, LLC REQUESTED ACTION: Consideration and adoption of Resolution Approving the Term Sheet for an Amended and Restated Ground Lease with Jazz Arena Investors, LLC POLICY ITEM: Land Disposition Policy BUDGET IMPACTS: N/A EXECUTIVE SUMMARY: On June 8, 1990, the Community Reinvestment Agency (“ Agency”) entered into an agreement with the Larry H. Miller Arena Corporation for the development of a sports and entertainment arena to be included as part of the leasing of Agency property. On February 2, 2022, following the sale of the majority stake in the Utah Jazz, the Agency executed a First Amendment to Lease with the Jazz Arena Investors, LLC (“JAI”) to reflect the new ownership. More recently, the Agency has been engaged in negotiations with Smith Entertainment Group, LLC (“SEG”), an affiliate of JAI, for the purpose of executing an amended and restated lease for the property to modernize the agreement and accommodate anticipated development. The Term Sheet (Attachment A) provides the terms for a 99- year lease; the Resolution (Attachment B), if approved, authorizes the Agency to execute the lease agreement with JAI for the ongoing operations and management of the arena. BACKGROUND: The Agency’s involvement in the arena project began in the late 1980’s by purchasing the property, constructing a nearby parking garage, and financing certain site improvements. On June 8, 1990, the Agency entered into an agreement with the Larry H. Miller Arena Corporation for the development of a sports and entertainment arena to be included as part of the leasing of Agency property. Following a 15-month construction period the arena opened in October 1991. The purpose of the arena was to serve as home to the Utah Jazz and host additional sports, entertainment, and recreational uses. The Agency provided a 50-year lease at a nominal rate of $1/year in recognition of the significant economic benefits of attracting more people to downtown. In October 2020, Ryan Smith purchased the majority stake in the Utah Jazz and the Agency later executed a First Amendment to Lease with the Jazz Arena Investors, LLC (“JAI”) on February 2, 2022. The amended lease provided two 10-year options for renewal and updated other terms from the original lease. Over the past three years, SEG has been involved in planning and due diligence to construct a sports and entertainment district with a newly renovated Delta Center arena as the anchor. The Delta Center is currently undergoing the first phase of upgrades to support both the NBA Utah Jazz and NHL Utah Mammoth. As part of the district development and arena renovation, the Agency has been engaged in negotiations with SEG, an affiliate of JAI, for the purpose of executing an amended and restated lease for the property to modernize certain terms within the agreement and better align with the anticipated development. ANALYSIS & ISSUES: The Term Sheet identifies the parties to the agreement, a general description, and the primary terms proposed for a restated lease of the property and improvements. In accordance with the Agency’s Real Property Disposition Policy, any property that is to be sold or leased at a discount of greater than 10% of the appraised fair market value is subject to approval by a majority vote of the Agency’s Board of Directors. While the restated lease maintains the previous discount of $1/year, the extended duration of the lease warrants approval by the Board as a long-term lease of real property. This new agreement will provide a structure for the renovation of the arena and align it with the investment in the development of the larger entertainment district as a destination for downtown activity. NEXT STEPS: If the Term Sheet and Resolution are acceptable to and adopted by the Board, the Agency will move forward with finalizing and executing the lease agreement. ATTACHMENTS: Proposed Resolution Proposed Term Sheet for Lease Agreement 2 1 SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY RESOLUTION NO. ___________ AMENDED AND RESTATED GROUND LEASE WITH JAZZ ARENA INVESTORS LLC TERM SHEET RESOLUTION OF THE BOARD OF DIRECTORS OF THE SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY APPROVING THE TERM SHEET FOR AN AMENDED AND RESTATED LEASE AGREEMENT BETWEEN THE SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY AND JAZZ ARENA INVESTORS LLC FOR PROPERTY LOCATED AT 301- 365 WEST SOUTH TEMPLE, SALT LAKE CITY, UTAH WHEREAS, the Salt Lake City Community Reinvestment Agency, a public agency formerly known as Redevelopment Agency of Salt Lake City) (“Lessor”), owns certain real property at approximately 301-365 West South Temple which is located in CRA’s Central Business District Project Area and more particularly depicted and described on Exhibit A of the Ground Lease Term Sheet (“Premises”). WHEREAS, on June 8, 1990, Lessor and Larry H. Miller Arena Corporation, a Utah corporation (subsequently renamed Jazz Arena Investors LLC, a Utah limited liability company Lessee”)) entered into a lease for a term of fifty years to construct and maintain a sports and entertainment arena on the Premises (as subsequently amended, the “1990 Lease”). WHEREAS, on February 2, 2022, the 1990 Lease was amended to, among other things, provide the Lessee with the option to renew the 1990 Lease for two ten-year renewals periods following expiration of the 1990 Lease in 2040. WHEREAS, on December 10, 2024, Salt Lake City, Smith Entertainment Group, LLC SEG”) and SEG Real Estate, LLC, affiliates of Lessee, entered into a Participation, Tax Sharing and Reimbursement Agreement in support of the development of a downtown Sports, Entertainment, Culture and Convention District (“Entertainment District”) in connection with SEG’s ownership (through subsidiaries) of the Utah Jazz, a National Basketball Association NBA”) franchise and the Utah Mammoth, a National Hockey League (“NHL”) franchise. WHEREAS, the Lessee has requested that the 1990 Lease be amended and restated to provide for new and modified terms in connection with development and operation of the Entertainment District. WHEREAS, the citizens of Salt Lake City have supported and enjoyed the presence of professional sports in Salt Lake City such that the Utah Jazz and Utah Mammoth franchises are an integral part of the community, and Lessee, by keeping the NBA and NHL franchises in Salt Lake City, are dedicated to and furthering their investment in the community. 2 NOW, THEREFORE. BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY, that the Ground Lease Term Sheet attached as Exhibit A is hereby approved. Passed by the Board of Directors of the Salt Lake City Community Reinvestment Agency, this day of August 2025. Darin Mano, Chair Approved as to form: __________________________________ Salt Lake City Attorney’s Office Jennifer Huntsman Date:____________________________ The Executive Director: does not request reconsideration requests reconsideration at the next regular Agency meeting. Erin Mendenhall, Executive Director Attest: City Recorder 3 EXHIBIT A Ground Lease Term Sheet Jazz Arena Investors LLC Delta Center Property DRAFT Ground Lease Term Sheet Jazz Arena Investors LLC Delta Center Property Purpose To continue to draw people to downtown Salt Lake City and the Central Business District Project Area by encouraging numerous sports, entertainment, cultural, and recreational activities, including home games of a National Basketball Association (NBA) franchise and a National Hockey League (NHL) franchise, among others. Parties Jazz Arena Investors LLC (“JAI”), an aliate of Smith Entertainment Group, LLC (“SEG”), and the Salt Lake City Community Reinvestment Agency (“CRA”). SEG, through its subsidiaries, is the current owner of the Utah Jazz NBA franchise and the Utah Mammoth NHL franchise. JAI is the current lessee and operator of the Delta Center property. Property to be Leased The Delta Center property owned by the CRA and located at approximately 301-365 West South Temple in CRA’s Central Business District Project Area, as shown on Exhibit A. This property is referred to as the “Property” throughout this document. General Description The CRA and JAI have in place a long-term ground lease on the Delta Center property that, including extensions, is set to expire in 2060 (the “Current Lease”). JAI has requested an amended and restated lease in connection with the planned renovation and redevelopment of the Delta Center and surrounding property described in the Participation, Tax Sharing and Reimbursement Agreement (the “2024 Participation Agreement”) executed between SEG, SEG’ s aliate, and Salt Lake City in December 2024. Under the proposed amended and restated lease (the “New Lease”), CRA will lease the Property to JAI for up to one hundred (100) years, during which time JAI may renovate existing improvements, build new improvements (collectively, the “Improvements”), and, at JAI’s option, enter into subleases with businesses in a wide variety of industries including retail, hospitality, restaurants, bars, entertainment, and professional and personal services. Proposed Major Lease Terms Rent Fixed Rent. Similar to the Current Lease, the rental fee will be one dollar ($1) per year for the duration of the term so long as a certain condition is met (“Fixed Rent Condition”), specically: Either an NBA franchise or an NHL franchise (or both) must be using the arena as its primary venue for home games. The home game requirement excludes international games pursuant to a league-wide program, outdoor games, or “home games” played at other venues as intermittently required or permitted by the respective league and reected on the league’s ocial schedule. The home game requirement also excludes temporary closures required for maintenance, renovations, force majeure events, o-season, or other temporary interruptions that are customary for similar facilities. 2 Market Rent. After the initial term of thirty (30) years, for any period of time during which the Fixed Rent Condition is not met, CRA has the option to charge “Market Rent” which is dened as a rental rate that is equal to the then-prevailing fair market rental rate for the continuation of a ground lease under the terms of the New Lease. Any period during which Market Rent applies, the Market Rent amount will be determined as follows: CRA and JAI each will hire its own independent third-party appraiser experienced in comparable sports and entertainment venues. Appraisals will assume an arm’s length ground lease for the Property including all Improvements located on the Property at the time in question. The appraisals will be conducted on an “as-is” basis, assuming the Improvements have been maintained in accordance with the facility standard required under the New Lease. If the fair market rental rates determined by the appraisers are within ten percent 10%) of each other, rent for the remainder of the Renewal Term will be the average of the two appraisals. Otherwise, the parties’ appraisers will select a third appraiser to conduct an appraisal based on the same assumptions. Rent will be determined by the average of the two of the three appraisals with the closest rental rates. NNN Lease The Fixed Rent and Market Rent (as applicable) are absolutely net to the CRA. JAI will pay for all insurance, taxes, utilities, repairs, maintenance and other services and costs of whatever kind or nature) relating to the Property and the Improvements throughout the term of the Lease. Lease Term and Renewals The initial term will be for thirty (30) years, expiring in 2055 (“Initial Term”). JAI will have the right, subject to specic conditions, to renew the lease for up to seven (7) additional consecutive terms of ten (10) years each (“Renewal Terms”). Tenant Improvements JAI will have the right to modify the existing improvements, add or remove improvements, or modify later constructed improvements however it deems suitable, as long as any such change does not materially and negatively aect the operational capability or structural integrity of the improvements. Consistent with the terms of the 2024 Participation Agreement, CRA will not have the right to approve the arena renovation construction budget and estimated timetable for construction, including any construction phasing. However, for new non-arena improvements that will be subleased to third parties (not controlled by, or under the common control of, JAI), depending on the planned use, CRA may have the right to review the nature and scope of the proposed construction or improvements, along with other information. Arena Operation After the rst thirty (30) years, once the Home Game Covenant (as dened in the Participation Agreement) is no longer in eect, JAI is required to use commercially reasonable eorts to ensure that the arena remains open, operational, and activated throughout the year. However, it does not require that any professional or other sports team use the arena. 3 Assignment and Subleasing Assignment or Sublease of the Entire Property. JAI is permitted to assign its entire interest in the New Lease or sublet the entire Property as long as it obtains CRA’s prior written consent; provided that similar to the terms of the 2024 Participation Agreement, JAI may, without CRA’s consent, assign or otherwise convey all or any portion of JAI’s rights and obligations under the New Lease or equity interests, so long as, in the case of a sale involving the NBA franchise or the NHL franchise that requires the NBA’s and/or NHL’s approval, the NBA or NHL, as applicable, has approved such sale, and JAI provides notice of the transfer to CRA. CRA’s consent or denial of JAI’s request to assign or sublet its interest in the New Lease must be based on business experience, nancial ability, or credit-worthiness of the proposed assignee or sublessor. Subleases That Do Not Require Notice or Consent. Subleases that (a) involve less than the entire Property and have a term of less than one (1) year or (b) are entered into with entities controlled by, or under the common control of, JAI, do not require notice to or approval from CRA. In addition, once an improvement or portion of an improvement is subleased, JAI is not required to notify or obtain approval of CRA before replacing the original subtenant with a new subtenant once the original sublease expires. Non-Arena Subleases. JAI will be permitted to enter into subleases or similar contractual arrangements related to a non-arena improvement subject to prior notice to CRA and, in some cases, CRA’s approval. Where prior notice is required, JAI must also provide CRA with certain information about the planned arrangements. CRA will have the right to review and approve a proposed sublease or other arrangement in the following scenarios: o Scenario #1: Within the rst fteen (15) years of the initial term of the New Lease, for a sublease or other agreement that ts within a set of pre- approved uses, including: retail, entertainment, hospitality, services (e.g., health and wellness services, nancial institutions, or professional services), bar or restaurant (the “Approved Uses”), the CRA will have ve (5) business days after receipt of the information above to object in writing to the proposed use. CRA may decline to approve only on the basis that the use is not one of the Approved Uses. o Scenario #2: Beginning in year sixteen (16) of the initial term of the New Lease, for any sublease or similar arrangement involving an Approved Use, the CRA will have ten (10) business days to review and object in writing if the proposed subtenant lacks sucient business experience, nancial ability, or credit-worthiness necessary to perform its obligations under the proposed agreement. o Scenario #3: For a proposed use outside of the Approved Uses, CRA will have thirty (30) days to review the information provided and object in writing on a commercially reasonable basis. o Scenario #4: To facilitate the regular turnover of subtenants in any non-arena improvement, once an improvement has been subleased, JAI may replace the subtenant upon expiration or termination of the existing sublease without CRA’s prior written consent. As- Is Lease; Tenant Indemnity CRA is oering the Property on an “as-is, where is condition with all faults, without warranty or representation of any kind.” In addition, the New Lease will include an 4 indemnication provision requiring JAI to indemnify the CRA against claims arising from JAI’s acts or omissions, as well as claims or losses arising out of or related to certain JAI-caused environmental conditions or the use, storage, generation or disposal of hazardous materials, at the Property. CRA will be obligated to reimburse JAI for all cleanup costs and related expenses, plus a ve percent (5%) administrative fee, if a court determines that the CRA or Salt Lake City caused contamination resulting from a release of hazardous materials occurring after commencement of the New Lease. Property Condition Standard; Maintenance During the term, JAI will be required to maintain and repair the Property and all Improvements as follows: In a “rst-class condition” (reasonable wear and tear and casualty excepted), in compliance with NBA and/or NHL Rules as long as one of the teams is using the arena as its primary venue for home games, and taking into account factors such as age, design, and location. Otherwise (if neither team is using the arena as its primary venue), JAI will be required to maintain the Property to a rst-class standard comparable to other, similar multi-purpose facilities without an NBA or NHL franchise. However, other than ensuring that the arena is returned to the CRA in a condition consistent with the facility standard, JAI will have no obligation to restore or replace the arena or any other improvements constructed on the Property at the end of the lease term. Insurance JAI will be required to maintain the following insurance: Commercial General Liability (CGL) coverage at $1,000,000 per occurrence. Umbrella/excess liability coverage of $50,000,000. Auto insurance of not less than $2,000,000. Business interruption insurance (12 months). Workers compensation insurance. Employment practices insurance of at least $1,000,000. Cyber insurance with not less than $5,000,000 per claim. Terrorism insurance (in an amount at JAI’s discretion). Pollution liability insurance during construction with $1,000,000. Liquor liability insurance with at least $1,000,000. During the arena renovation, builder’s risk insurance for full replacement value, professional liability insurance (architects, engineers, design professionals) for 5,000,000 per claim, and CGL of not less than $20,000,000 to cover the risk of crane collapse. In the event that damage to or destruction of any improvement occurs, insurance proceeds will be applied to the restoration or repair of the improvements (subject to the supervision and control of leasehold mortgagees once JAI mortgages its leasehold interest in the Property). In the event that the arena suers damage that is greater than fty percent (50%) of its replacement costs, JAI can elect to either (a) restore the arena to its pre-damage condition or better, or (b) notify CRA of its intent to terminate the New Lease. In the event JAI opts to terminate, insurance proceeds will go rst to the 5 leasehold mortgagee. Any remaining proceeds will ow to JAI to either repair the arena or raze it. Then, to the extent any insurance proceeds remain, they will be divided equally between JAI and CRA. Leasehold Mortgage JAI will have the right to mortgage, encumber, assign, pledge or otherwise collaterally transfer its leasehold interest under the New Lease to one or more lenders without CRA’s consent. Naming Rights JAI will have the exclusive right to name the arena and other improvements and to sell, assign, license, pledge, or otherwise exploit all naming, sponsorship, entitlement, and related intellectual property rights and to receive one hundred percent (100%) of all revenue, royalties, cash, or other economic benets. The limited restrictions on naming include that any name cannot: (a) be obscene, (b) violate applicable law, (c) contain racial slurs, obscenities, or products or messages of an explicit sexual nature; or d) include the name of another city in a manner that reasonably suggests that the arena is located outside of the Salt Lake City. Default; Remedies Events of Default. Material default under the New Lease includes, among other things, failure to: pay rent, maintain the required insurance, maintain, repair, or restore the improvements to the required standard, comply with the Home Game Covenant, and utilize the arena on a reasonably continuous basis as required under the New Lease if/after both the NBA and NHL franchises are no longer utilizing the arena for home games. Remedies. In the event of a JAI default, CRA is required to provide JAI and any leasehold mortgagee written notice of the default. If the default continues after the applicable cure period, CRA may exercise any right or remedy available at law or in equity, including but not limited to termination of the New Lease. Conditions to Lease Execution JAI must provide Certicates of Insurance evidencing it is in compliance with the Ground Lease’s insurance provisions, including that CRA is listed as an additional insured. CRA and JAI must agree on a comprehensive lease agreement for the New Lease. The New Lease and all its terms must receive approval from the attorney’s oces of CRA and the City on all matters pertaining to the legality, suciency, and form and substance of any other documents that are deemed reasonably necessary for the execution of the New Lease. DRAFT Ground Lease Term Sheet Jazz Arena Investors LLC Delta Center Property Purpose To continue to draw people to downtown Salt Lake City and the Central Business District Project Area by encouraging numerous sports, entertainment, cultural, and recreational activities, including home games of a National Basketball Association (NBA) franchise and a National Hockey League (NHL) franchise, among others. Parties Jazz Arena Investors LLC (“JAI”), an aliate of Smith Entertainment Group, LLC (“SEG”), and the Salt Lake City Community Reinvestment Agency (“CRA”). SEG, through its subsidiaries, is the current owner of the Utah Jazz NBA franchise and the Utah Mammoth NHL franchise. JAI is the current lessee and operator of the Delta Center property. Property to be Leased The Delta Center property owned by the CRA and located at approximately 301-365 West South Temple in CRA’s Central Business District Project Area, as shown on Exhibit A. This property is referred to as the “Property” throughout this document. General Description The CRA and JAI have in place a long-term ground lease on the Delta Center property that, including extensions, is set to expire in 2060 (the “Current Lease”). JAI has requested an amended and restated lease in connection with the planned renovation and redevelopment of the Delta Center and surrounding property described in the Participation, Tax Sharing and Reimbursement Agreement (the “2024 Participation Agreement”) executed between SEG, SEG’ s aliate, and Salt Lake City in December 2024. Under the proposed amended and restated lease (the “New Lease”), CRA will lease the Property to JAI for up to one hundred (100) years, during which time JAI may renovate existing improvements, build new improvements (collectively, the “Improvements”), and, at JAI’s option, enter into subleases with businesses in a wide variety of industries including retail, hospitality, restaurants, bars, entertainment, and professional and personal services. Proposed Major Lease Terms Rent Fixed Rent. Similar to the Current Lease, the rental fee will be one dollar ($1) per year for the duration of the term so long as a certain condition is met (“Fixed Rent Condition”), specically: Either an NBA franchise or an NHL franchise (or both) must be using the arena as its primary venue for home games. The home game requirement excludes international games pursuant to a league-wide program, outdoor games, or “home games” played at other venues as intermittently required or permitted by the respective league and reected on the league’s ocial schedule. The home game requirement also excludes temporary closures required for maintenance, renovations, force majeure events, o-season, or other temporary interruptions that are customary for similar facilities. 2 Market Rent. After the initial term of thirty (30) years, for any period of time during which the Fixed Rent Condition is not met, CRA has the option to charge “Market Rent” which is dened as a rental rate that is equal to the then-prevailing fair market rental rate for the continuation of a ground lease under the terms of the New Lease. Any period during which Market Rent applies, the Market Rent amount will be determined as follows: CRA and JAI each will hire its own independent third-party appraiser experienced in comparable sports and entertainment venues. Appraisals will assume an arm’s length ground lease for the Property including all Improvements located on the Property at the time in question. The appraisals will be conducted on an “as-is” basis, assuming the Improvements have been maintained in accordance with the facility standard required under the New Lease. If the fair market rental rates determined by the appraisers are within ten percent 10%) of each other, rent for the remainder of the Renewal Term will be the average of the two appraisals. Otherwise, the parties’ appraisers will select a third appraiser to conduct an appraisal based on the same assumptions. Rent will be determined by the average of the two of the three appraisals with the closest rental rates. NNN Lease The Fixed Rent and Market Rent (as applicable) are absolutely net to the CRA. JAI will pay for all insurance, taxes, utilities, repairs, maintenance and other services and costs of whatever kind or nature) relating to the Property and the Improvements throughout the term of the Lease. Lease Term and Renewals The initial term will be for thirty (30) years, expiring in 2055 (“Initial Term”). JAI will have the right, subject to specic conditions, to renew the lease for up to seven (7) additional consecutive terms of ten (10) years each (“Renewal Terms”). Tenant Improvements JAI will have the right to modify the existing improvements, add or remove improvements, or modify later constructed improvements however it deems suitable, as long as any such change does not materially and negatively aect the operational capability or structural integrity of the improvements. Consistent with the terms of the 2024 Participation Agreement, CRA will not have the right to approve the arena renovation construction budget and estimated timetable for construction, including any construction phasing. However, for new non-arena improvements that will be subleased to third parties (not controlled by, or under the common control of, JAI), depending on the planned use, CRA may have the right to review the nature and scope of the proposed construction or improvements, along with other information. Arena Operation After the rst thirty (30) years, once the Home Game Covenant (as dened in the Participation Agreement) is no longer in eect, JAI is required to use commercially reasonable eorts to ensure that the arena remains open, operational, and activated throughout the year. However, it does not require that any professional or other sports team use the arena. 3 Assignment and Subleasing Assignment or Sublease of the Entire Property. JAI is permitted to assign its entire interest in the New Lease or sublet the entire Property as long as it obtains CRA’s prior written consent; provided that similar to the terms of the 2024 Participation Agreement, JAI may, without CRA’s consent, assign or otherwise convey all or any portion of JAI’s rights and obligations under the New Lease or equity interests, so long as, in the case of a sale involving the NBA franchise or the NHL franchise that requires the NBA’s and/or NHL’s approval, the NBA or NHL, as applicable, has approved such sale, and JAI provides notice of the transfer to CRA. CRA’s consent or denial of JAI’s request to assign or sublet its interest in the New Lease must be based on business experience, nancial ability, or credit-worthiness of the proposed assignee or sublessor. Subleases That Do Not Require Notice or Consent. Subleases that (a) involve less than the entire Property and have a term of less than one (1) year or (b) are entered into with entities controlled by, or under the common control of, JAI, do not require notice to or approval from CRA. In addition, once an improvement or portion of an improvement is subleased, JAI is not required to notify or obtain approval of CRA before replacing the original subtenant with a new subtenant once the original sublease expires. Non-Arena Subleases. JAI will be permitted to enter into subleases or similar contractual arrangements related to a non-arena improvement subject to prior notice to CRA and, in some cases, CRA’s approval. Where prior notice is required, JAI must also provide CRA with certain information about the planned arrangements. CRA will have the right to review and approve a proposed sublease or other arrangement in the following scenarios: o Scenario #1: Within the rst fteen (15) years of the initial term of the New Lease, for a sublease or other agreement that ts within a set of pre- approved uses, including: retail, entertainment, hospitality, services (e.g., health and wellness services, nancial institutions, or professional services), bar or restaurant (the “Approved Uses”), the CRA will have ve (5) business days after receipt of the information above to object in writing to the proposed use. CRA may decline to approve only on the basis that the use is not one of the Approved Uses. o Scenario #2: Beginning in year sixteen (16) of the initial term of the New Lease, for any sublease or similar arrangement involving an Approved Use, the CRA will have ten (10) business days to review and object in writing if the proposed subtenant lacks sucient business experience, nancial ability, or credit-worthiness necessary to perform its obligations under the proposed agreement. o Scenario #3: For a proposed use outside of the Approved Uses, CRA will have thirty (30) days to review the information provided and object in writing on a commercially reasonable basis. o Scenario #4: To facilitate the regular turnover of subtenants in any non-arena improvement, once an improvement has been subleased, JAI may replace the subtenant upon expiration or termination of the existing sublease without CRA’s prior written consent. As- Is Lease; Tenant Indemnity CRA is oering the Property on an “as-is, where is condition with all faults, without warranty or representation of any kind.” In addition, the New Lease will include an 4 indemnication provision requiring JAI to indemnify the CRA against claims arising from JAI’s acts or omissions, as well as claims or losses arising out of or related to certain JAI-caused environmental conditions or the use, storage, generation or disposal of hazardous materials, at the Property. CRA will be obligated to reimburse JAI for all cleanup costs and related expenses, plus a ve percent (5%) administrative fee, if a court determines that the CRA or Salt Lake City caused contamination resulting from a release of hazardous materials occurring after commencement of the New Lease. Property Condition Standard; Maintenance During the term, JAI will be required to maintain and repair the Property and all Improvements as follows: In a “rst-class condition” (reasonable wear and tear and casualty excepted), in compliance with NBA and/or NHL Rules as long as one of the teams is using the arena as its primary venue for home games, and taking into account factors such as age, design, and location. Otherwise (if neither team is using the arena as its primary venue), JAI will be required to maintain the Property to a rst-class standard comparable to other, similar multi-purpose facilities without an NBA or NHL franchise. However, other than ensuring that the arena is returned to the CRA in a condition consistent with the facility standard, JAI will have no obligation to restore or replace the arena or any other improvements constructed on the Property at the end of the lease term. Insurance JAI will be required to maintain the following insurance: Commercial General Liability (CGL) coverage at $1,000,000 per occurrence. Umbrella/excess liability coverage of $50,000,000. Auto insurance of not less than $2,000,000. Business interruption insurance (12 months). Workers compensation insurance. Employment practices insurance of at least $1,000,000. Cyber insurance with not less than $5,000,000 per claim. Terrorism insurance (in an amount at JAI’s discretion). Pollution liability insurance during construction with $1,000,000. Liquor liability insurance with at least $1,000,000. During the arena renovation, builder’s risk insurance for full replacement value, professional liability insurance (architects, engineers, design professionals) for 5,000,000 per claim, and CGL of not less than $20,000,000 to cover the risk of crane collapse. In the event that damage to or destruction of any improvement occurs, insurance proceeds will be applied to the restoration or repair of the improvements (subject to the supervision and control of leasehold mortgagees once JAI mortgages its leasehold interest in the Property). In the event that the arena suers damage that is greater than fty percent (50%) of its replacement costs, JAI can elect to either (a) restore the arena to its pre-damage condition or better, or (b) notify CRA of its intent to terminate the New Lease. In the event JAI opts to terminate, insurance proceeds will go rst to the 5 leasehold mortgagee. Any remaining proceeds will ow to JAI to either repair the arena or raze it. Then, to the extent any insurance proceeds remain, they will be divided equally between JAI and CRA. Leasehold Mortgage JAI will have the right to mortgage, encumber, assign, pledge or otherwise collaterally transfer its leasehold interest under the New Lease to one or more lenders without CRA’s consent. Naming Rights JAI will have the exclusive right to name the arena and other improvements and to sell, assign, license, pledge, or otherwise exploit all naming, sponsorship, entitlement, and related intellectual property rights and to receive one hundred percent (100%) of all revenue, royalties, cash, or other economic benets. The limited restrictions on naming include that any name cannot: (a) be obscene, (b) violate applicable law, (c) contain racial slurs, obscenities, or products or messages of an explicit sexual nature; or d) include the name of another city in a manner that reasonably suggests that the arena is located outside of the Salt Lake City. Default; Remedies Events of Default. Material default under the New Lease includes, among other things, failure to: pay rent, maintain the required insurance, maintain, repair, or restore the improvements to the required standard, comply with the Home Game Covenant, and utilize the arena on a reasonably continuous basis as required under the New Lease if/after both the NBA and NHL franchises are no longer utilizing the arena for home games. Remedies. In the event of a JAI default, CRA is required to provide JAI and any leasehold mortgagee written notice of the default. If the default continues after the applicable cure period, CRA may exercise any right or remedy available at law or in equity, including but not limited to termination of the New Lease. Conditions to Lease Execution JAI must provide Certicates of Insurance evidencing it is in compliance with the Ground Lease’s insurance provisions, including that CRA is listed as an additional insured. CRA and JAI must agree on a comprehensive lease agreement for the New Lease. The New Lease and all its terms must receive approval from the attorney’s oces of CRA and the City on all matters pertaining to the legality, suciency, and form and substance of any other documents that are deemed reasonably necessary for the execution of the New Lease. UPDATES TO THE BOARD OF DirEctors August 2025 Whipple property offering has gone live The CRA’s property at 965 West Folsom Avenue has been listed for lease. The CRA is taking 5 to 15-year lease applications for nearly 15,000 square feet of flex space with a preference towards local businesses who will bring positive activity to the area. Interested tenants can view the listing online and contact our leasing agent for a tour and application. The CRA will accept lease proposals until September 15 when it will score proposals and select a tenant. UP D A T E S SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY ADU Construction Loan Program Gathers Interest The CRA’s program partner, Community Development Corporation of Utah (CDCU), is actively recruiting potential applicants through an interest list. Some outreach has been initiated with promising candidates who already have ADU plans in hand. CRA project managers anticipate funding the first round of loans beginning in September. Salt Lake City Community Reinvestment Agency Ballpark Events 07/11 movie screening (free to the public) 07/24 Pie and Beer Day (market rate) 07/26 car show (free to the public) 08/02 classic rock tribute concert (market rate) THIS WEEK: 08/09 Utah Mammoth birthday celebration (free to the public) 9/27 Wanderlust (yoga event) 10/4 Wanderlust (yoga and concert) UP D A T E S SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY Gallivan Events August 25, Fusion: Yoga, Dance, Connect! August 26, Global Rhythms: The Indian Essence September 5, Twilight Concert Series September 16, Global Rhythms: Polynesian night September 23, Global Rhythms: Middle Eastern night September 25, Boots & Brews Throwdown: Local brewers, line dancing, and live music September 29, Fusion: Yoga, Dance, Connect! On Going Activity: Pickleball: April 1 – November 1, 7am-10pm Salt Lake City Community Reinvestment Agency staff updates cra financial analysts erin cunningham transitioning to part time baylee white has joined the cra! UP D A T E S SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY THANK YOU For questions contact department SALT LAKE CITY CORPORATION SWORN STATEMENT SUPPORTING CLOSURE OF MEETING I, Darin Mano, acted as the presiding member of the Salt Lake Community Reinvestment Agency, which met on August 12, 2025 in a hybrid meeting pursuant to Salt Lake City Proclamation. Appropriate notice was given of the Council's meeting as required by §52-4-202. A quorum of the Council was present at the meeting and voted by at least a two-thirds vote, as detailed in the minutes of the open meeting, to close a portion of the meeting to discuss the following: §52-4-205(l)(a) discussion of the character, professional competence, or physical or mental health of an individual; §52 -4-205(1)(b) strategy sessions to discuss collective bargaining; §52-4-205(l)(c) strategy sessions to discuss pending or reasonably imminent litigation; §52-4-205(l)(d) strategy sessions to discuss the purchase, exchange, or lease of real property, including any form of a water right or water shares, if public discussion of the transaction would: (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; §52-4-205(l)(e) 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) if 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; §52-4-205(1)(f) discussion regarding deployment of security personnel, devices, or systems; and §52-4-205(1)(g) 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. Other, described as follows: _____________________________________________________________ The content of the closed portion of the Council meeting was restricted to a discussion of the matter(s) for which the meeting was closed. With regard to the closed meeting, the following was publicly announced and recorded, and entered on the minutes of the open meeting at which the closed meeting was approved: (a) the reason or reasons for holding the closed meeting; (b) the location where the closed meeting will be held; and (c) the vote of each member of the public body either for or against the motion to hold the closed meeting. The recording and any minutes of the closed meeting will include: (a) the date, time, and place of the meeting; (b) the names of members Present and Absent; and (c) the names of all others present except where such disclosure would infringe on the confidentiality necessary to fulfill the original purpose of closing the meeting. Pursuant to §52-4-206(6), a sworn statement is required to close a meeting under §52-4-205(1)(a) or (f), but a record by electronic recording or detailed minutes is not required; and Pursuant to §52-4-206(1), a record by electronic recording and/or detailed written minutes is required for a meeting closed under §52-4-205(1)(b),(c),(d),(e),and (g): A record was not made. A record was made by: : Electronic recording Detailed written minutes I hereby swear or affirm under penalty of perjury that the above information is true and correct to the best of my knowledge. Presiding Member Date of Signature Darin Mano (Sep 12, 2025 10:33:43 MDT) Darin Mano Sep 12, 2025 August 12, 2025 CRA Closed Meeting Sworn Statement Final Audit Report 2025-09-12 Created:2025-08-13 By:Caitlin Carlino (caitlin.carlino@slc.gov) Status:Signed Transaction ID:CBJCHBCAABAAa3OZAp3NJ0mY_NC3wZcgVQ5ZTt4iB7fL "August 12, 2025 CRA Closed Meeting Sworn Statement" Histor y Document created by Caitlin Carlino (caitlin.carlino@slc.gov) 2025-08-13 - 10:25:44 PM GMT Document emailed to darin.mano@slc.gov for signature 2025-08-13 - 10:30:15 PM GMT Email viewed by darin.mano@slc.gov 2025-08-15 - 4:43:26 PM GMT Email viewed by darin.mano@slc.gov 2025-08-22 - 8:41:48 PM GMT Email viewed by darin.mano@slc.gov 2025-09-08 - 2:14:36 PM GMT Email viewed by darin.mano@slc.gov 2025-09-09 - 8:52:09 PM GMT Email viewed by darin.mano@slc.gov 2025-09-10 - 10:07:18 PM GMT Email viewed by darin.mano@slc.gov 2025-09-11 - 9:02:39 PM GMT Signer darin.mano@slc.gov entered name at signing as Darin Mano 2025-09-12 - 4:33:41 PM GMT Document e-signed by Darin Mano (darin.mano@slc.gov) Signature Date: 2025-09-12 - 4:33:43 PM GMT - Time Source: server Agreement completed. 2025-09-12 - 4:33:43 PM GMT