03/14/2023 - Minutes (2)Comments:
The Board of Directors of the Redevelopment Agency (RDA) of Salt Lake City met on Tuesday,
March 14, 2023.
The following Board Members were present:
Ana Valdemoros, Victoria Petro, Daniel Dugan, Amy Fowler, Chris Wharton, Alejandro Puy,
Darin Mano
Present Agency Leadership:
Mayor Erin Mendenhall, Danny Walz – Chief Operating Officer
Present City Staff:
Katherine Lewis – City Attorney, Cindy Lou Trishman – City Recorder, DeeDee Robinson –
Minutes & Records Clerk, Thais Stewart – Deputy City Recorder , Taylor Hill – Constituent
Liaison/Policy Analyst, Scott Corpany – Staff Assistant, Allison Rowland – Council Staff, Ben
Luedtke – Public Policy Analyst, Tracy Tran – Project Manager, Lauren Parisi – RDA Senior
Project Manager, Makena Hawley – RDA Project Manager
Director Vice Chair Fowler presided at and conducted the meeting.
The meeting was called to order at: 2:04 pm.
A.
1.General Comments to the Board TENTATIVE
5 min
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 comments.
B.Public Hearing - individuals may speak to the Board once per public hearing
topic for two minutes, however written comments are always accepted:
1.Resolution: State Street Community Reinvestment Area Budget -
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, March 14, 2023
1
Amendment
-
The Board will accept public comment about a resolution that would amend the 20-year
consolidated budget for the State Street Community Reinvestment Area (CRA). The
purpose of this budget amendment is to align the State Street CRA budget adopted by the
Board in August of 2018 with the terms of the executed interlocal agreements with
participating taxing entities including Salt Lake City, Salt Lake City School District and
Salt Lake County.
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, March 14, 2023
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Ben Luedtke provided a brief introduction to the resolution.
Alan Kearsley (Business Administrator – Salt Lake City School District) said as the
School District opposed the budget adjustments on the grounds that it diverted additional
resources away from their students and disproportionally effected tax receipts of the Salt
Lake City School District, they understood that the requested budget adjustments fell
within the parameters set forth in the interlocal agreement and recommended moving
forward with the budget revisions as presented and noted they would continue to work
with the Redevelopment Agency (RDA) on how to best serve the students and citizens of
Salt Lake City.
Motion:
Moved by Director Mano, seconded by Director Dugan to close the public
hearing.
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Amy Fowler, Chris Wharton, Darin
Mano
ABSENT: Alejandro Puy
Final Result: 6 – 0 Pass
C.Redevelopment Agency Business - The RDA Board of Directors will receive
information and/or hold discussions and/or take action on:
1.Resolution: State Street Community Reinvestment Area Budget
Amendment ~ 2:05 p.m.
10 min.
The Board will receive a follow-up briefing about, and will consider adopting, a resolution
that would amend the 20-year consolidated budget for the State Street Community
Reinvestment Area (CRA). The purpose of this budget amendment is to align the State
Street CRA budget adopted by the Board in August of 2018 with the terms of the executed
interlocal agreements with participating taxing entities including Salt Lake City, Salt
Lake City School District and Salt Lake County.
Ben Luedtke provided a brief introduction.
Makena Hawley and Lauren Parisi provided information regarding:
•Notices were mailed to all property owners within the area on February 6, 2023,
notifying residents regarding the budget amendment and public hearing
•Key changes:
◦Interlocal agreements had been finalized with each participating entity
◦Reduced collection term period (from 25 to 20 years)
◦Fewer total taxing entities participating included Salt Lake City, Salt Lake
City School District and Salt Lake County
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, March 14, 2023
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◦Updated tax increment revenue projections to reflect denser, transit oriented
development that was anticipated in the area
•Overview of the current budget compared to the budget as amended
•Total tax increment projection at approximately $140M
Director Fowler expressed her appreciation for the School District being present in
today’s meeting, thanked RDA Staff and Jennifer Bruno for their work and dedication on
this project, and looked forward to future partnerships with the School District and Salt
Lake County to create project areas that made sense.
Motion:
Moved by Director Mano, seconded by Director Valdemoros to adopt
Resolution 06 of 2023 – State Street Community Reinvestment Area Budget
Amendment.
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Amy Fowler, Chris Wharton,
Alejandro Puy, Darin Mano
Final Result: 7 – 0 Pass
2.Informational: Proposed Housing Development Funding Priorities
for Fiscal Year 2023-24
~ 2:15
p.m.
45 min.
The Board will receive an introductory briefing on the RDA’s proposed housing funding
priorities for Fiscal Year 2023-24. This is the first step for the Board in developing the
broader annual Housing Development Funding Strategy. Subsequent steps will include
review of projected revenue amounts to be allocated to each component Housing Fund,
and the consideration of proposed funding allocations for specific housing activities for
the upcoming fiscal year.
Allison Rowland provided an introduction to the briefing.
Danny Walz, Lauren Parisi, Tracy Tran, and Allison Rowland provided information
regarding:
Annual Housing Funding Strategy Proposal FY2024
•Background – Housing Allocation Funds policy was adopted 2021,
establishing guidelines for allocating/directing resources for housing by funding
source and requires Annual Housing Funding Strategy be brought to the Board
every year for approval
•Housing Fund Allocations: Primary Housing Fund, Secondary Housing Fund,
Housing Development Fund, Westside Community Initiative Fund
•Clarification regarding the Westside Community Initiative Fund – funded
primarily by Inland Port Housing Funds to be spent west of I-15 to complete the
following policy objectives:
◦Address potential impacts from Inland Port development
◦Allowing for RDA to maintain ownership of land
◦Creation of opportunities for revenue generation that could be reinvested
back into the community,
◦Mitigate gentrification and displacement on the westside
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, March 14, 2023
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◦Provide lower income households the opportunity to build wealth through
homeownership
◦Facilitate the implementation of transformative housing and mixed-use
rental housing development projects
•Review of current housing data (median household income, median home
value/rent, low-income households, etc.)
•Review of the City’s housing goals and how they integrated with the Mayor’s 2023
goals, Housing SLC and RDA livability benchmarks
•Review of the priorities, activities, and outcomes of fiscal year (FY) 2023
•Recommended annual housing priorities for this FY:
◦Wealth building opportunities – support for low- to moderate-income
individuals and families
◦Affordable family housing – three or more bedrooms
◦Deeply affordable housing – those who earned 40% AMI and below
◦Missing middle housing – multi-family/cluster housing types that are
compatible in scale with single-family neighborhoods
•Clarification regarding the name change from last year’s “Homeownership
Priority” to this year’s “Wealth Building Opportunity” – supporting different forms
of wealth building opportunities for low- to moderate-income households and
could be achieved through homeownership, supplemental income opportunities,
stipends for rents, community land trust, etc.
•Recommended housing activities:
◦Equity building model – homeownership, community land trust, stipends for
rents, etc.
◦Housing Development Loan Program – releasing a competitive Notice of
Funding Availability (NOFA) for developers seeking gap financing for
affordable housing developments
◦Accessory Dwelling Unit (ADU) partnership – provide missing middle
housing and supported wealth building by supplementing mortgage
payments, increasing income and property values
◦Land acquisition/disposition – used to target multiple priorities including
wealth building opportunities, family housing and missing middle housing
•Details regarding the Housing Development Loan Program NOFA
•Next steps:
◦Approval of FY2024 housing priorities would be considered by the RDA
Board during the April 2023 meeting
◦Proposed funding allocations to housing activities would be brought to the
Board with the budget presentation in May 2023
◦Housing activities would be approved as part of the RDA budget approval
•Background and details regarding a proposed ADU funding program and how
potential community partners could contribute to the effort
•Timeline moving forward:
◦Additional briefing scheduled for April 2023
◦A resolution regarding the four housing priorities would be brought for the
Board’s review/approval in April 2023
Director Mano indicated his general support for the proposed housing priorities and
requested more information/further discussion regarding an ADU funding program and
potential community partners.
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, March 14, 2023
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3.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.
Item not held.
4.Report and Announcements from RDA 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 scheduling
items.
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, March 14, 2023
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Item not held.
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:
1.Informational: Status Report on RDA Commercial Loan
Portfolio Written Briefing
-
The Board will receive a written briefing about the status of the RDA’s commercial loan
portfolio. This report identifies the following:
•New loans approved between July 1, 2022 and December 31, 2022
•Remaining amount available to lend in the existing portfolio
•Outstanding principal for each loan fund
•Any delinquencies
Written briefing only. No discussion was held.
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:
1.Board Re-appointment: Redevelopment Advisory Committee - Mojdeh
Sakaki -
-
The Council will consider approving the re-appointment of Mojdeh Sakaki to the
Redevelopment Advisory Committee for a term ending January 18, 2027.
Motion:
Moved by Director Mano, seconded by Director Dugan to approve the Consent
agenda.
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Amy Fowler, Chris Wharton, Alejandro
Puy, Darin Mano
Final Result: 7 – 0 Pass
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, March 14, 2023
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Adjournment
F.Tentative Closed Session
The Board will consider a motion to enter into Closed Session. A closed meeting described
under Section 52-4-205 may be held for specific purposes including, but not limited to:
1.discussion of the character, professional competence, or physical or mental health of
an individual;
2.strategy sessions to discuss pending or reasonably imminent litigation;
3.strategy sessions to discuss the purchase, exchange, or lease of real property:
(i)disclose the appraisal or estimated value of the property under consideration; or
(ii)prevent the public body from completing the transaction on the best possible
terms;
4.strategy sessions to discuss the sale of real property, including any form of a water
right or water shares, if:
(i)public discussion of the transaction would:
(A)disclose the appraisal or estimated value of the property under
consideration; or
(B)prevent the public body from completing the transaction on the best possible
terms;
(ii)the public body previously gave public notice that the property would be offered
for sale; and<
(iii)the terms of the sale are publicly disclosed before the public body approves the
sale
5.discussion regarding deployment of security personnel, devices, or systems; and
6.investigative proceedings regarding allegations of criminal misconduct.
A closed meeting may also be held for attorney-client matters that are privileged pursuant to
Utah Code § 78B-1-137, and for other lawful purposes that satisfy the pertinent requirements of
the Utah Open and Public Meetings Act.
Item not held.
G.
Meeting adjourned at 3:09 pm.
Minutes Approved: May 9, 2023
_______________________________
Redevelopment Agency Chair – Alejandro Puy
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, March 14, 2023
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Alejandro Puy (May 22, 2023 17:24 MDT)
_______________________________
City Recorder – Cindy Trishman
Please refer to Meeting Materials (available at www.data.slc.gov by selecting Public Body
Minutes) for supportive content including electronic recordings and comments submitted prior
to or during the meeting. Websites listed within the body of the Minutes may not remain active
indefinitely.
This document along with the digital recording constitutes the official minutes of the Salt Lake
City Redevelopment Agency meeting held Tuesday, March 14, 2023 and is not intended to serve
as a full transcript. Please refer to the electronic recording for entire content pursuant to Utah
Code §52-4-203.
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, March 14, 2023
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March 14, 2023 RDA Meeting Minutes -
Approved May 9, 2023
Final Audit Report 2023-05-23
Created:2023-05-22
By:DeeDee Robinson (deedee.robinson@slcgov.com)
Status:Signed
Transaction ID:CBJCHBCAABAAxJg_6k8Isqd9MqPTYzCFaJ6xux53n6mo
"March 14, 2023 RDA Meeting Minutes - Approved May 9, 2023"
History
Document created by DeeDee Robinson (deedee.robinson@slcgov.com)
2023-05-22 - 9:54:03 PM GMT
Document emailed to alejandro.puy@slcgov.com for signature
2023-05-22 - 9:59:20 PM GMT
Email viewed by alejandro.puy@slcgov.com
2023-05-22 - 11:23:41 PM GMT
Signer alejandro.puy@slcgov.com entered name at signing as Alejandro Puy
2023-05-22 - 11:24:11 PM GMT
Document e-signed by Alejandro Puy (alejandro.puy@slcgov.com)
Signature Date: 2023-05-22 - 11:24:13 PM GMT - Time Source: server
Document emailed to Cindy Trishman (cindy.trishman@slcgov.com) for signature
2023-05-22 - 11:24:14 PM GMT
Document e-signed by Cindy Trishman (cindy.trishman@slcgov.com)
Signature Date: 2023-05-23 - 9:18:14 PM GMT - Time Source: server
Agreement completed.
2023-05-23 - 9:18:14 PM GMT