01/12/2021 - MinutesMINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, January 12, 2021
1
The Board of Directors of the Redevelopment Agency (RDA) of Salt Lake City, Utah, met
on Tuesday, January 12, 2021 in an electronic meeting pursuant to Chair determination
and Salt Lake City Emergency Proclamation No. 2 of 2020 (2) (b).
Virtual Attendance: Directors Amy Fowler, Daniel Dugan, Chris Wharton, Analia
Valdemoros, Andrew Johnston, James Rogers, and Darin Mano.
Staff in Attendance: Cindy Gust-Jenson, Council Executive Director; Jennifer Bruno,
Council Executive Deputy Director; Danny Walz, RDA Chief Operating Officer ; Katherine
Lewis, City Attorney; Lisa Shaffer, Mayor’s Deputy Chief of Staff; Ashley Ogden, RDA
Project Manager; Tammy Hunsaker, Deputy Chief Operating Officer; Benjamin Luedtke,
Council Public Policy Analyst; Lauren Parisi, RDA Project Manager; Allison Parks, Senior
City Attorney; Amanda Lau, Council Public Engagement & Communications Specialist;
Robert Nutzman, Council Administrative Assistant; and DeeDee Robinson, Deputy City
Recorder.
Guests in Attendance: Ashley Patterson, Wasatch Community Garden (WCG)
Executive Director (Item #3); Chris Parker, WCG Consultant (Item #3); Diane Banks,
Walker Center Owner Representative (Item #5).
Director Fowler presided at and conducted the meeting.
Link to the Audio File for the Meeting
Link to the Packet Material provided for the Meeting
The meeting was called to order at 2:03 p.m.
A. Comments:
1.
The RDA Board of Directors will receive public comments regarding Redevelopment
Agency business in the following formats:
1.Written comments submitted to RDA offices, 451 South State Street, Suite 118, P.O.
Box 145455, Salt Lake City, UT. 84114-5455.
2.Comments to the RDA Board of Directors. (Comments are taken on any item not
scheduled for a public Hearing, as well as on any other RDA Business. Comments are
limited to two minutes.)
There were no public comments.
General Comments to the Board
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, January 12, 2021
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B.
NONE.
C.
1.
The Board will approve the meeting minutes of Tuesday, May 5, 2020.
(00:07:49) Director Fowler questioned the date of the minutes being proposed for
approval. Following further discussion, Staff said they would do some research and
get back to the Board.
2.
The Board will take a straw poll to nominate the Board Chair (a two-year term) and Vice
Chair (a one-year term). The process includes expressions of interest from Board
Members, nominations for each position, and then voting each for the Chair and Vice
Chair positions.
(00:09:08) Director Valdemoros said she was willing to accept the
nomination and be elected to serve as RDA Board Chair.
Director Dugan said he was willing to accept the nomination and be elected
to serve as RDA Board Vice-Chair.
Moved by Director Mano, seconded by Director Dugan to nominate Analia
Valdemoros to serve as RDA Board Chair.
AYE: Amy Fowler, Ana Valdemoros, Andrew Johnston, Daniel Dugan, Darin Mano, James Rogers
ABSENT: Chris Wharton
Final Result: 6 – 0 Pass
Moved by Director Mano, seconded by Director Rogers to nominate
Daniel Dugan to serve as RDA Board Vice-Chair.
AYE: Amy Fowler, Ana Valdemoros, Andrew Johnston, Daniel Dugan, Darin Mano, James Rogers
ABSENT: Chris Wharton
Final Result: 6 – 0 Pass
Approval of Minutes
Redevelopment Agency Business - The RDA Board of Directors will receive
information and/or hold discussions and/or take action on:
Public Hearing - individuals may speak to the Board once per public hearing topic
for two minutes, however written comments are always accepted:
Election of Chair and Vice Chair
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, January 12, 2021
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3.
The Board will be briefed about, and will consider adopting, a resolution that wo uld
approve a loan up to $250,000 to Wasatch Community Gardens for an affordable housing
development at approximately 633 East 800 South. The proposed project consists of eight
studio units and would be subject to a 50-year restriction keeping them affordable to
those making up to 70% of area median income (AMI).
(00:15:16) Ashley Ogden briefed the Board regarding Wasatch Community
Garden (WCG) Loan ($250,000), including project overview, background,
approval from Historic Landmarks Commission, financial overview
(sources/uses), potential loan terms, to include: Option 1: Applicant requested
–forgivable loan (no interest/no payment loan, for five years.), Option 2:
Standard Housing Development Trust Fund (HDTF) recommended terms with
amendment (2.25% interest, 30 year, annual hard repayments, etc.), Option 3:
Redevelopment Agency (RDA) Staff recommended (cash flow loan, payments
paid to Housing Trust Fund (HTF), 2.25% interest, 30 years, annual payments),
and ways this project aligned with City Council priorities for affordable housing.
Jennifer Bruno provided clarification on the forgivable loan concept (not a
concept the RDA typically pursued), and WCG being their own lender/setting
their own loan terms being untypical.
Councilmember Wharton joined the meeting at 00:26:37
Ashley Patterson (Executive Director, Wasatch Community Garden) provided
information regarding the mission of the WCG, existing size of the garden/how
much would be added, details of the proposed studios, details of the request for
special terms, how philanthropy could invest in affordable housing (being a
model that could be duplicated by other non-profits), agricultural space in the
City/Salt Lake valley being in crisis, Salt Lake City community food assessment
survey (priority to grow food), and WCG being rooted in equity/diversity.
Chris Parker (WCG Consultant) said this model of WCG was rare (no
developer fee/donating half million of capital/donating land), it was a unique
opportunity for the City, and proposed studios (425 sq/ft) allowing a max of 2
persons per unit.
Councilmember Fowler left the meeting at 00:41:20
Ashley Ogden, Tammy Hunsaker, Danny Walz, and Jennifer Bruno
provided clarification on Option 3 (cashflow/paid back), differences between
Option 1 (forgivable loan/not paid back) & Option 2 (met all HTF
guidelines/paid back), the project not warranting tax credits, RDA feeling the
request was justified, recognition that the term “forgivable” was a sensitive
concept (knowing it was not a Board supported concept), and model having
adequate cashflow to repay the RDA loan within the 30 year loan (possibly
Resolution: Loan to Wasatch Community Gardens for an Affordable
Housing Development at approximately 633 East 800 South
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, January 12, 2021
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earlier).
Moved by Director Johnston, seconded by Director Mano to approve
Resolution R-1-2021, authorizing a loan of up to $250,000 to
Wasatch Community Gardens, with cash flow-based repayment
terms as described in the staff memo as option 3, with the exception
that a balloon payment of any outstanding balance shall be due at
maturity.
AYE: Ana Valdemoros, Andrew Johnston, Chris Wharton, Daniel Dugan, Darin Mano, James
Rogers
ABSENT: Amy Fowler
Final Result: 6 – 0 Pass
4.
The Board will be briefed about, and will consider adopting a resolution, that would
approve the 9 Line Interlocal Agreement between Salt Lake County and the RDA. The
interlocal agreement would approve use of a portion of tax increment to support the
implementation of the 9 Line Community Reinvestment Area Plan.
(01:06:00) Benjamin Luedtke said the City Council & school board
previously approved interlocal agreements (ILA) to participate in the 9 Line
Community Reinvestment Project Area (CRA), and indicated the County was
last entity to participate.
Danny Walz, Lauren Parisi, Tammy Hunsaker, Allison Parks provided
information regarding the County’s involvement in the interlocal agreement,
including: terms differing from previously approved ILA’s with the City & school
board (50% tax increment contribution instead of 75% – with future possibility of
increasing to 75%, etc.), details on the mitigation payment, details/changes on the
9 Line/State Street CRA schedule, approval required of each taxing entity
(through an administrative function) for the budget amendments, future
opportunities to amend the budget if the project had greater needs, performance
benchmarks, and potential for extending ADU program City-wide.
Moved by Director Rogers, seconded by Director Johnston to approve
Resolution R-2-2021, authorizing an interlocal agreement between
Salt Lake County and the Salt Lake City Redevelopment Agency for a
portion of property tax increment to support the 9 Line Community
Reinvestment Area Plan implementation.
AYE: Ana Valdemoros, Andrew Johnston, Chris Wharton, Daniel Dugan, Darin Mano, James
Rogers
ABSENT: Amy Fowler
Final Result: 6 – 0 Pass
Diversion of Property Tax for a Community Reinvestment Project
Area: 9 Line Interlocal with Salt Lake County
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, January 12, 2021
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5.
The Board will be briefed about, and will consider adopting, a resolution that would
approve the sales price of RDA-owned property at 156 South Regent Street in the Block 70
Project Area. The 3,111 square-foot parcel is located underneath the Walker Center garage
overhang.
(01:32:12) Danny Walz and Allison Parks provided details regarding
proposed area size (3,111 square feet), location (south side of McCarthy Plaza
under Walker Center parking garage overhang), buyer (Walker Center
Holdings), negotiated price, $100,000 market value with possible conveyance
reduction for small eastside area to remain a storage space for McCarthy Plaza
(supplies to maintain plaza, storage for retail tenant), west side remaining for
generator/compactor easement use (by Eccles Theater – securing perpetual
use), the sale resolving the boundary issue for the owner (effectively owning all
of the property under the footprint of their building, as well as financing issues),
and history of the appraisal/transfer of property/purchase agreement.
Diane Banks (owner’s representative) provided information on how the owner
was able to build (1958/1959 – Walker Center parking structure) on RDA owned
property, RDA acquiring the property in 2013/2014 prior to construction of the
theater, permanent easement created/recorded on property for
generator/compactor, and owners needing to refinance property this year
(needing to own land and air rights of property to do so).
Straw Poll: Support for continuing discussions regarding the sale of RDA-owned
property. Directors present were in favor except for Director Rogers who was
opposed. Directors Fowler and Johnston were absent for the straw poll.
6.
The Board will be briefed about the proposed Housing Development Loan Program
Policy. The draft Housing Development Loan Program Policy creates a program that
would centralize the application, underwriting, and approval process to streamline access
for developers.
This item was moved to a future RDA meeting
7.
Resolution: Disposition of Real Property for Block 70 Project Area
Development
Resolution: Housing Allocation
Policies
Informational: Housing Development Loan Program Policy Follow-up
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, January 12, 2021
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The Board will confirm approval of the draft RDA Housing Allocation Funds Policy, which
was given preliminary approval in December 2020. The draft Housing Allocation Funds
Policy establishes guidelines for allocating funding and directing resources to develop and
preserve housing in the City.
This item was moved to a future RDA meeting.
8.
The Board will review and confirm approval of the Fiscal Year 2019-20 RDA Audit, which
shows the Agency's financial conditions as of June 30, 2020. As required under
17C-1-605, the RDA timely filed a copy of the audit report with the county auditor, the
State Tax Commission, and State Board of Education, and each taxing entity from which
the agency receives tax increment.
(02:06:00) Danny Walz provided an overview and introduction regarding
the Audit Review.
Moved by Director Wharton, seconded by Director Dugan to approve the
Fiscal Year 2019-2020 RDA audit.
AYE: Ana Valdemoros, Chris Wharton, Daniel Dugan, Darin Mano, James Rogers
ABSENT: Amy Fowler, Andrew Johnston
Final Result: 5 – 0 Pass
9.
The Board will confirm the adoption of a resolution for an updated RDA Art Policy. The
RDA’s original policy, adopted in 1990, authorized 1% of certain Agency construction
project budgets for public art. The RDA is proposing the Agency’s art policy change to
1.5% and to include additional ongoing annual funding, RDA tools, and incentives to
promote art.
This item was moved to a future RDA meeting.
RDA Audit Review and Approval for Fiscal Year 2019-20
Resolution: Adopting an Updated RDA Art Policy
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, January 12, 2021
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10.
The Board will consider a motion to ratify the determination that the Board will continue
to meet remotely and without an anchor location under HB5002.
(02:09:09) Moved by Director Wharton, seconded by Director Dugan to
ratify the determination.
AYE: Ana Valdemoros, Chris Wharton, Daniel Dugan, Darin Mano, James Rogers
ABSENT: Amy Fowler, Andrew Johnston
Final Result: 5 – 0 Pass
11.
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.
(02:10:09) Danny Walz provided updates regarding the closing on disposition
of 255 South State Street property (project was underway), and $700,000 of
Coronavirus Aid, Relief and Economic Security (CARES) Act funds being
distributed to 19 recipients.
12.
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;
•Property Updates;
•CARES ACT Funding; and
•Scheduling Items.
Item not held.
13.
Report of the Chair and Vice Chair.
Item not held.
D.
NONE.
Motion: Meeting Remotely Without an Anchor Location
Report and Announcements from the Executive Director
Report and Announcements from RDA Staff
Report of the Chair and Vice Chair
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:
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, January 12, 2021
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E.
NONE.
F. Tentative Closed Session
Consider a motion to enter into closed session, in keeping with Utah Code §52-4- 205 for
any allowed purpose.
Item not held.
G. Adjournment
Meeting adjourned at 4:14 p.m.
_______________________________
BOARD CHAIR
_______________________________
CITY RECORDER
This document is not intended to serve as a full transcript as other items may have been
discussed; please refer to the audio or video for entire content pursuant to Utah Code
§52-4-203(2)(b).
This document along with the digital recording constitute the official minutes of the
Redevelopment Agency meeting held January 12, 2021.
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:
Minutes Approved: Tuesday, February 9, 2021
Ana Valdemoros (May 17, 2021 13:29 MDT)
Cindy Trishman (May 17, 2021 16:26 MDT)
1-12-21 RDA Meeting minutes (adopted 2-9-21)
Final Audit Report 2021-05-17
Created:2021-03-10
By:Kory Solorio (kory.solorio@slcgov.com)
Status:Signed
Transaction ID:CBJCHBCAABAAbmq2gb7I3waAM8bVb7k05aYZGFu51vL0
"1-12-21 RDA Meeting minutes (adopted 2-9-21)" History
Document created by Kory Solorio (kory.solorio@slcgov.com)
2021-03-10 - 4:53:21 PM GMT- IP address: 204.124.13.222
Document emailed to Ana Valdemoros (ana.valdemoros@slcgov.com) for signature
2021-03-10 - 4:54:17 PM GMT
Email viewed by Ana Valdemoros (ana.valdemoros@slcgov.com)
2021-03-11 - 5:47:47 AM GMT- IP address: 24.43.226.52
Email viewed by Ana Valdemoros (ana.valdemoros@slcgov.com)
2021-05-17 - 7:28:38 PM GMT- IP address: 136.60.130.16
Document e-signed by Ana Valdemoros (ana.valdemoros@slcgov.com)
Signature Date: 2021-05-17 - 7:29:05 PM GMT - Time Source: server- IP address: 136.60.130.16
Document emailed to Cindy Trishman (cindy.trishman@slcgov.com) for signature
2021-05-17 - 7:29:07 PM GMT
Document e-signed by Cindy Trishman (cindy.trishman@slcgov.com)
Signature Date: 2021-05-17 - 10:26:11 PM GMT - Time Source: server- IP address: 204.124.13.151
Agreement completed.
2021-05-17 - 10:26:11 PM GMT