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01/01/2013 - Minutes (3) MINUTES OF THE LOCAL BUILDING AUTHORITY OF SALT LAKE CITY TUESDAY, APRIL 9, 2013 April 9, 2013 The Board of Directors of the Local Building Authority of Salt Lake City, Utah, met on Tuesday, April 9, 2013 at 8 : 58 p.m. in Room 326, Committee Room, City County Building, 451 South State . The following Board Directors were present : Kyle LaMalfa Stan Penfold Carlton Christensen Charlie Luke Luke Garrott Board Director Jill Remington Love was absent. Board Director Soren Simonsen was recused. Cindy Gust-Jenson, Executive Council Director; Edwin Rutan, City Attorney; Ralph Becker, Mayor; Cindi Mansell, City Recorder; and Sonya Kintaro, Chief Deputy City Recorder; were present . Director LaMalfa presided at and conducted the meeting. UNFINISHED BUSINESS #4 . 9:03:07 PM Local Building Authority of Salt Lake City, Utah View Attachments a. Adopting a resolution adopting the tentative budgets of the Capital Projects Fund of the Local Building Authority of Salt Lake City, Utah for Fiscal Year 2012-2013. (Potential funding for the Glendale Branch Library) and set the date of Tuesday, May 7, 2013 at 7: 00 p.m. to accept public comment. (B 13-6) Councilmember Simonsen recused himself. 1 . Councilmember Christensen moved and Councilmember Garrott seconded to recess as the City Council and convene as the Board of Directors of the Local Building Authority, which motion carried, all members present voted aye . 2 . Director Penfold moved and Director Garrott seconded to adopt Resolution 1 of 2013 adopting the tentative budgets and setting the date of May 7, 2013 at 7 : 00 p.m. for a public hearing, which motion carried, all directors present voted aye . 13 - 1 MINUTES OF THE LOCAL BUILDING AUTHORITY OF SALT LAKE CITY TUESDAY, APRIL 9, 2013 3. Setting the date of Tuesday, May 7 , 2013 at 7 : 00 p.m. to accept public comment and consider adopting a resolution directing the Board of Trustees of the Local Building Authority of Salt Lake City, Utah to undertake a certain Project through the issuance and sale by the Authority of its Lease Revenue Bonds, Series 2013; approving the plans, specifications and estimated costs of the Project to be financed with a portion of the proceeds of such Bonds; and providing for related matters . (Q 13-4) Director Garrott moved and Director Penfold seconded to adopt Resolution 2 of 2013 authorizing a public hearing and setting the date of Tuesday May 7, 2013 at 7 : 00 p.m. to receive input from the public with respect to the issuance of the Authority' s Lease Revenue Bonds to finance a portion of the cost of acquiring, constructing and improving a new library and the potential economic impact that such library would have on the private sector and providing for related matters, which motion carried, all directors present voted aye . Director Christensen moved and Director Garrott seconded to adjourn as the Board of Directors of the Local Building Authority and reconvene as the City Council, which motion carried, all directors present voted aye . The meeting adjourned at 9 : 06 p.m. This document is not intended to serve as a full transcript as additional discussion may have been held; please refer to the audio or video for entire content . This document along with the digital recording constitute the official minutes of the Salt Lake City Local Building Authority meeting held April 9, 2013 . sc April 23, 2013 The Board of Directors of the Local Building Authority of Salt Lake City, Utah, met on Tuesday, April 23, 2013 in Room 315, Council Chambers, City County Building, 451 South State . The following Board Directors were present : Kyle LaMalfa Stan Penfold Carlton Christensen 13 - 2 MINUTES OF THE LOCAL BUILDING AUTHORITY OF SALT LAKE CITY TUESDAY, APRIL 9, 2013 Charlie Luke Luke Garrott Jill Remington Love Board Director Soren Simonsen was recused. Cindy Gust-Jenson, Executive Council Director; Edwin Rutan, City Attorney; Ralph Becker, Mayor; Cindi Mansell, City Recorder; and Sonya Kintaro, Chief Deputy City Recorder; were present. Director LaMalfa presided at and Director Love conducted the meeting. UNFINISHED BUSINESS #5. 9:48:14 PM Local Building Authority of Salt Lake City, Utah Director Simonsen was recused. a. Director LaMalfa moved and Director Luke seconded to approve the minutes of the Local Building Authority meeting held April 9, 2013, which motion carried, all directors present voted aye . View Attachments (M 13-10) b. Adopting a parameters resolution authorizing the issuance and sale of up to $10,000,000 aggregate principal amount of the Local Building Authority' s lease revenue bonds to finance the cost of acquiring, constructing and improving a new library, setting certain parameters for such bonds and providing for related matters . View Attachments (Q 13-4) Director LaMalfa moved and Director Penfold seconded to adopt Resolution 3 of 2013, which motion carried, all directors present voted aye . Director LaMalfa moved and Director Penfold seconded to adjourn as the Board of Directors of the Local Building Authority and reconvene as the City Council, which motion carried, all directors present voted aye . The meeting adjourned at 9 : 42 p.m. This document is not intended to serve as a full transcript as additional discussion may have been held; please refer to the audio or video for entire content. 13 - 3 MINUTES OF THE LOCAL BUILDING AUTHORITY OF SALT LAKE CITY TUESDAY, APRIL 9, 2013 This document along with the digital recording constitute the official minutes of the Board of Directors of the Local Building Authority meeting held April 23, 2013 . clm May 7, 2013 The Board of Directors of the Local Building Authority of Salt Lake City, Utah, met on Tuesday, May 7, 2013 at 7 : 10 p.m. in Room 315, Council Chambers, City County Building, 451 South State . The following Board Directors were present : Kyle LaMalfa Stan Penfold Carlton Christensen Charlie Luke Luke Garrott Jill Remington Love Board Director Soren Simonsen was recused. Cindy Gust-Jenson, Executive Council Director; Edwin Rutan, City Attorney; Ralph Becker, Mayor; Sonya Kintaro, Chief Deputy City Recorder; and Scott Crandall, Deputy City Recorder; were present. Director LaMalfa presided at and conducted the meeting. AGENDA ITEMS #4 . 7:10:21 PM Consider a motion to recess as the City Council and convene as the Board of Directors of the Local Building Authority to address items related to the Glendale Library including capital and annual operating budgets . View Attachments Councilmember Garrott moved and Councilmember Luke seconded to recess as the City Council and convene as the Board of Directors of the Local Building Authority, which motion carried, all members present voted aye . a. Director Penfold moved and Director Garrott seconded to approve the minutes of the Local Building Authority meeting held April 23, 2013, which motion carried, all directors present voted aye . (M 13-10) b. 7:12:27 PM Accept public comment with respect to the budget of the Capital Projects Fund of the Local Building Authority of Salt Lake City, Utah for the Fiscal Year 2012-2013 (Potential funding 13 - 4 MINUTES OF THE LOCAL BUILDING AUTHORITY OF SALT LAKE CITY TUESDAY, APRIL 9, 2013 for the Glendale Branch Library) . Director Garrott moved and Director Penfold seconded to close the public hearing and refer action to June 4, 2013, which motion carried, all directors present voted aye . (B 13-6) c. 7:12:55 PM Accept public comment with respect to the issuance of the Local Building Authority' s lease revenue bonds to finance the cost of acquiring, constructing and improving a new library and the potential economic impact that such library would have on the private sector. Director Christensen moved and Director Garrott seconded to close the public hearing and refer action to June 4, 2013, which motion carried, all directors present voted aye . (Q 13-4) d. 7:13:30 PM Consider a resolution adopting the tentative budget of the Local Building Authority of Salt Lake City, Utah for Fiscal Year 2013-2014 . Director Penfold moved and Director Luke seconded to adopt Resolution 4 of 2013, which motion carried, all directors present voted aye . (B 13-8) e . 7:13:50 PM Setting the date of Tuesday, May 21, 2013 at 7 : 00 p.m. to accept public comment regarding a resolution adopting the budget of the Local Building Authority of Salt Lake City, Utah, including the debt service payments for the Glendale Library bonds, for Fiscal Year 2013-2014 . Director Christensen moved and Director Penfold seconded to set the date of May 21, 2013 at 7 :00 p.m. for a public hearing, which motion carried, all directors present voted aye . (B 13-8) 7:14:25 PM Director Christensen moved and Director Penfold seconded to adjourn as the Board of Directors of the Local Building Authority and reconvene as the City Council, which motion carried, all directors present voted aye . The meeting adjourned at 7 : 14 p.m. 13 - 5 MINUTES OF THE LOCAL BUILDING AUTHORITY OF SALT LAKE CITY TUESDAY, APRIL 9, 2013 This document is not intended to serve as a full transcript as additional discussion may have been held; please refer to the audio or video for entire content. This document along with the digital recording constitute the official minutes of the Salt Lake City Local Building Authority meeting held May 7, 2013 . sc May 21, 2013 The Board of Directors of the Local Building Authority of Salt Lake City, Utah, met on Tuesday, May 21, 2013 at 7 : 32 p.m. in Room 315, Council Chambers, City County Building, 451 South State . The following Board Directors were present : Kyle LaMalfa Stan Penfold Carlton Christensen Charlie Luke Luke Garrott Jill Remington Love Board Director Soren Simonsen was recused. Cindy Gust-Jenson, Executive Council Director; Edwin Rutan, City Attorney; Ralph Becker, Mayor; Sonya Kintaro, Chief Deputy City Recorder were present. Director LaMalfa presided at and Director Luke conducted the meeting. AGENDA ITEMS #3. 7:31:18 PM Consider a motion to recess as the City Council and convene as the Board of Directors of the Local Building Authority. View Attachment Councilmember Garrott moved and Councilmember Love seconded to recess as the City Council and convene as the Board of Directors of the Local Building Authority, which motion carried, all members present voted aye . a. 7:32:37 PM Director Penfold moved and Director Love seconded to approve the minutes of the Local Building Authority meeting held May 7, 2013, which motion carried, all directors present voted aye . 13 - 6 MINUTES OF THE LOCAL BUILDING AUTHORITY OF SALT LAKE CITY TUESDAY, APRIL 9, 2013 (M 13-10) b. 7:32:51 PM Consider a resolution adopting the final budget of the Local Building Authority of Salt Lake City, for Fiscal Year 2012-2013. Director LaMalfa moved and Director Penfold seconded to adopt Resolution 5 of 2013, which motion carried, all directors present voted aye . (B 13-6) c. 7:33:32 PM Accept public comment and consider adopting a resolution adopting the final budget of the Local Building Authority of Salt Lake City, Utah, including the debt service payments for the Glendale Library bonds, for Fiscal Year 2013-2014 . Director LaMalfa moved and Director Penfold seconded to close the public hearing which motion carried, all directors present voted aye . Russell Weeks, City Council Policy Analyst, commented on the City Council' s options to proceed. Director LaMalfa moved and Director Penfold seconded to suspend the rules and adopt Resolution 6 of 2013, adopting the final budget of the Local Building Authority for Fiscal Year 2013-2014, which motion carried, all directors present voted aye . (B 13-8) Director LaMalfa moved and Director Garrott seconded to adjourn as the Board of Directors of the Local Building Authority and reconvene as the City Council, which motion carried, all directors present voted aye . The meeting adjourned at 7 : 35 p.m. This document is not intended to serve as a full transcript as additional discussion may have been held; please refer to the audio or video for entire content . This document along with the digital recording constitute the official minutes of the Salt Lake City Local Building Authority meeting held May 21, 2013 . sk 13 - 7 MINUTES OF THE LOCAL BUILDING AUTHORITY OF SALT LAKE CITY TUESDAY, APRIL 9, 2013 August 20, 2013 The Board of Directors of the Local Building Authority of Salt Lake City, Utah, met on Tuesday, August 20, 2013 at 7 : 00 p.m. in Room 315, Council Chambers, City County Building, 451 South State . The following Board Directors were present : Kyle LaMalfa Stan Penfold Carlton Christensen Charlie Luke Luke Garrott Jill Remington Love Soren Simonsen Cindy Gust-Jenson, Executive Council Director; Margaret Plane, City Attorney; David Everitt, Mayor' s Chief of Staff; and Scott Crandall, Deputy City Recorder; were present. Director LaMalfa presided at and conducted the meeting. AGENDA ITEMS 7:26:30 PM Councilmember Penfold moved and Councilmember Simonsen seconded to recess as the City Council and convene as the Board of Directors of the Local Building Authority, which motion carried, all members voted aye . Item #2 . Marmalade Library Project. View Attachments a. Adopt a resolution expressing official intent regarding certain capital expenditures to be reimbursed from proceeds of an obligation to be issued by the Authority, providing for the publication of a Notice of Public Hearing and Intent to Issue Lease Revenue Bonds, providing for the holding of a public hearing relative to the Authority' s lease revenue bonds and providing for related matters . Director Penfold moved and Director Simonsen seconded to adopt Resolution 8 of 2013 expressing its intent to be reimbursed for certain capital expenditures and other items related to the construction of the Marmalade Branch Library from the proceeds of lease revenue bonds to be issued by the authority. 7:27:34 PM Board Directors commented on the motion. Director LaMalfa called for the question, which motion carried, all directors voted aye . Director Penfold moved and Director Garrott seconded that the 13 - 8 MINUTES OF THE LOCAL BUILDING AUTHORITY OF SALT LAKE CITY TUESDAY, APRIL 9, 2013 Board hold a public hearing at 7 :00 p.m. on September 24, 2013 in the Salt Lake City Council Chambers to take public comment on issuing lease revenue bonds for the project, which motion carried, all directors voted aye . (Q 13-8) b. 7:31:42 PM Adopt a resolution amending Resolution 6 of 2013 of the Local Building Authority of Salt Lake City, Utah which adopted the final budget for the Capital Projects Fund of the Local Building Authority for the remainder of the Fiscal Year beginning July 1, 2013 and ending June 30, 2014 . Director Penfold moved and Director Simonsen seconded to adopt Resolution 9 of 2013 amending the final budget of the Capital Projects Fund of the Local Building Authority for Fiscal Year 2013-2014 in the preliminary amount of $8 . 14 million listed in the documents attached to the resolution, which motion carried, all directors voted aye . (B 13-8) Director Penfold moved and Director Simonsen seconded to adjourn as the Board of Directors of the Local Building Authority and reconvene as the City Council, which motion carried, all directors voted aye . The meeting adjourned at 7 : 32 p.m. This document is not intended to serve as a full transcript as additional discussion may have been held; please refer to the audio or video for entire content . This document along with the digital recording constitute the official minutes of the Salt Lake City Local Building Authority meeting held August 20, 2013 . sc September 24, 2013 The Board of Directors of the Local Building Authority of Salt Lake City, Utah, met on Tuesday, September 24, 2013 at 7 : 00 p.m. in Room 315, Council Chambers, City County Building, 451 South State . The following Board Directors were present : Kyle LaMalfa Stan Penfold Carlton Christensen 13 - 9 MINUTES OF THE LOCAL BUILDING AUTHORITY OF SALT LAKE CITY TUESDAY, APRIL 9, 2013 Charlie Luke Luke Garrott Jill Remington Love Soren Simonsen Cindy Gust-Jenson, Executive Council Director; Margaret Plane, City Attorney; David Everitt, Mayor' s Chief of Staff; and Beverly Jones, Deputy City Recorder; were present. Director LaMalfa presided at and conducted the meeting. AGENDA ITEMS 7 : 52 : 02 PM Councilmember Garrott moved and Councilmember Christensen seconded to recess as the City Council and convene as the Board of Directors of the Local Building Authority, which motion carried, all members voted aye . A. Approve the meeting minutes of Tuesday, August 20, 2013. View Attachments Director Garrott moved and Director Christensen seconded to approve the minutes, which motion carried, all members voted aye . B) Accept public comment relating to the issuance of the Authority' s lease revenue bonds for the Marmalade Branch Library and the potential economic impact that such project will have on the private sector. View Attachments Director Garrott moved and Director LaMalfa seconded to open the public hearing relating to the issuance of lease revenue bonds for this site, which motion carried, all members voted aye . Director Garrott moved and Director Christensen seconded to close the public hearing and refer to a later date, which motion carried, all members voted aye . (Q 13-8) Director Garrott moved and Director Christensen seconded to adjourn as the Board of Directors of the Local Building Authority and reconvene as the City Council, which motion carried, all directors voted aye . The meeting adjourned at 7 : 56 p.m. This document is not intended to serve as a full transcript as additional discussion may have been held; please refer to the audio or video for entire content . 13 - 10 MINUTES OF THE LOCAL BUILDING AUTHORITY OF SALT LAKE CITY TUESDAY, APRIL 9, 2013 This document along with the digital recording constitute the official minutes of the Salt Lake City Local Building Authority meeting held September 24, 2013 . bj November 12, 2013 The Board of Directors of the Local Building Authority of Salt Lake City, Utah, met on Tuesday, November 12, 2013 at 9 : 02 p.m. in Room 315, Council Chambers, City County Building, 451 South State . The following Board Directors were present : Kyle LaMalfa Stan Penfold Carlton Christensen Charlie Luke Luke Garrott Jill Remington Love Soren Simonsen Cindy Gust-Jenson, Executive Council Director; Margaret Plane, City Attorney; and Cindi Mansell, City Recorder; were present . Director LaMalfa presided at and conducted the meeting. AGENDA ITEMS 9:02:07 PM Councilmember Penfold moved and Councilmember LaMalfa seconded to recess as the City Council and convene as the Board of Directors of the Local Building Authority, which motion carried, all members voted aye . Item 4 : d. Director Penfold moved and Director LaMalfa seconded to approve the minutes of the Board of Directors meeting held September 24 , 2013, which motion carried, all members voted aye . View Minutes e . Authorizing the Issuance and Sale of Lease Revenue Bonds to finance a new library. (Marmalade Library) View Attachments 1 . Consider adopting a parameters resolution authorizing the issuance and sale of up to $10, 000, 000 aggregate principal amount of the Authority' s lease revenue bonds to finance the cost of acquiring, constructing and improving a new library, setting certain parameters for such bonds and providing for related matters . 13 - 11 MINUTES OF THE LOCAL BUILDING AUTHORITY OF SALT LAKE CITY TUESDAY, APRIL 9, 2013 Director Penfold moved and Director LaMalfa seconded to adopt Resolution 10 of 2013, which motion carried, all directors voted aye . 2 . Setting the date of Tuesday, December 3, 2013 at 7 : 00 p.m. to receive input from the public with respect to the issuance of the Authority' s lease revenue bonds to finance the cost of acquiring, constructing and improving a new library and the potential economic impact that such library will have on the private sector and providing for related matters . Director Penfold moved and Director Simonsen seconded to set the date of December 3, 2013 for a public hearing, which motion carried, all directors voted aye . (Q 13-8) Director Penfold moved and Director Simonsen seconded to adjourn as the Board of Directors of the Local Building Authority and reconvene as the City Council, which motion carried, all directors voted aye . The meeting adjourned at 9 : 03 p.m. This document is not intended to serve as a full transcript as additional discussion may have been held; please refer to the audio or video for entire content . This document along with the digital recording constitute the official minutes of the Salt Lake City Local Building Authority meeting held November 12, 2013 . clm December 3, 2013 The Board of Directors of the Local Building Authority of Salt Lake City, Utah, met on Tuesday, December 3, 2013 at 7 : 00 p.m. in Room 315, Council Chambers, City County Building, 451 South State . The following Board Directors were present : Kyle LaMalfa Stan Penfold Carlton Christensen Charlie Luke Luke Garrott Jill Remington Love Soren Simonsen 13 - 12 MINUTES OF THE LOCAL BUILDING AUTHORITY OF SALT LAKE CITY TUESDAY, APRIL 9, 2013 Cindy Gust-Jenson, Executive Council Director; Margaret Plane, City Attorney; David Everitt, Mayor' s Chief of Staff; and Scott Crandall, Deputy City Recorder; were present. Director LaMalfa presided at and conducted the meeting. AGENDA ITEMS 7:45:05 PM Councilmember Penfold moved and Councilmember Simonsen seconded to recess as the City Council and convene as the Board of Directors of the Local Building Authority, which motion carried, all members voted aye . Item #3: View Attachments a) Director Penfold moved and Director Simonsen seconded to approve the minutes of the Local Building Authority meeting held Tuesday, November 12, 2013, which motion carried, all directors voted aye . (M 13-10) b) Receive input from the public with respect to the issuance of the Authority' s lease revenue bonds to finance the cost of acquiring, constructing and improving a new library and the potential economic impact that such library will have on the private sector. (Marmalade Library) Director Penfold moved and Director Simonsen seconded to close the public hearing and defer to February 4, 2014, which motion carried, all directors voted aye . (Q 13-8) Director Penfold moved and Director Simonsen seconded to adjourn as the Board of Directors of the Local Building Authority and reconvene as the City Council, which motion carried, all directors voted aye . The meeting adjourned at 7 : 46 p.m. This document is not intended to serve as a full transcript as additional discussion may have been held; please refer to the audio or video for entire content. This document along with the digital recording constitute the official minutes of the Salt Lake City Local Building Authority meeting held December 3, 2013 . sc 13 - 13 MINUTES OF THE LOCAL BUILDING AUTHORITY OF SALT LAKE CITY TUESDAY, APRIL 9, 2013 13 - 14