08/08/2023 - Meeting Materials
Board of Directors of the
REDEVELOPMENT AGENCY OF
SALT LAKE CITY
REVISED AGENDA
August 8, 2023 Tuesday 2:00 PM
Council Work Room
451 South State Street, Room 326
Salt Lake City, UT 84111
SLCRDA.com
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 RDA 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: 12:21:28
Comments:A.
1.General Comments to the Board ~2:00 p.m.
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.)
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.Redevelopment Agency Business - The RDA 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 2, 2023 and May 16, 2023.
2.Depot District Stormwater Detention Relocation Project ~ 2:10 p.m.
10 min.
The Board will be briefed about, and will consider approving an allocation of $200,000
to support the stormwater detention relocation project at 233 South 600 West. This
request is for an additional $200,000 from the Depot District Project Area Infrastructure
Improvements Program to fill the construction funding gap and allow the RDA to fulfill
its obligations per the development agreement. If the additional funding is approved, the
total relocation project budget is estimated at $504,404. The rest of the budget would
include remaining funds from the original $1.2 million allocation used to acquire the
property.
3.Resolution: Releasing Funding for the Affordable Housing
Initiative - Perpetual Housing Fund Follow-up
~ 2:20
p.m.
30 min.
The Board will receive a follow-up briefing and will consider approving a resolution that
would adopt the Term Sheet and Waiver of the Sustainable Development Policy for The
Perpetual Housing Fund of Utah, LLC (PHF) at the 515 Project. The Administration is
requesting the Board review the term sheet, and if acceptable, release the $10 million
from American Rescue Plan Act (ARPA) dollars approved in Budget Amendment No. 6 of
Fiscal Year 2022-23 for this purpose.
For more information on this item visit https://tinyurl.com/SLCHousingProposals.
4.Tentative Reconsideration of Resolution: Amendment to
Terms for Loan to Ville 1659, LLC, and Clarification of
Housing Development Loan Program
TENTATIVE
10 min
The Board may be briefed about and may reconsider the vote on July 11, 2023 that
approved a resolution modifying the terms of Ville 1659 project’s Housing Development
Loan Program (HDLP) loan located at 1659 West North Temple. The modifications
included changing the type of loan from a construction gap loan with cash-flow
payments to a bridge loan with a balloon payment at the end of the term. Reducing the
term from 40 years to three years and increasing from a one percent interest rate to a
two percent interest rate.
5.Resolution: Separate Motions on Amendment to Terms for Loan
to Ville 1659, LLC and Clarification of Housing Development
Loan Program
TENTATIVE
5 min
The Board may choose to separate the items amending terms for a loan to Ville 1659, and
clarifying the Housing Development Loan Program, and consider voting on them
separately.
6.Straw Poll – Property Acquisition in State Street Project Area TENTATIVE
10 min.
The Board will consider a straw poll to release funds from a strategic intervention fund
holding account to facilitate property acquisition.
7.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.
8.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;
•Property Updates; and
•Scheduling Items.
9.Report of the Chair and Vice Chair TENTATIVE
5 min.
Report of the Chair and Vice Chair.
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
(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
Adjournment
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.
CINDY LOU TRISHMAN
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@slcgov.com, 801-535-7600, or relay
service 711.
PENDING MINUTES – NOT APPROVED
The Local Building Authority, Redevelopment Agency, and the Salt Lake City Council of Salt
Lake City, Utah met in Formal Session on Tuesday, May 2, 2023.
The following Board Directors/Council Members were present:
Ana Valdemoros, Victoria Petro, Daniel Dugan, Amy Fowler, Chris Wharton, Alejandro Puy,
Darin Mano
Present Legislative leadership:
Cindy Gust-Jenson – Executive Director, Jennifer Bruno – Deputy Director, Lehua Weaver –
Associate Deputy Director
Present Administrative leadership:
Mayor Erin Mendenhall, Rachel Otto – Chief of Staff, Lisa Shaffer – Chief Administrative
Officer, Danny Walz – Redevelopment Agency Chief Operating Officer
Present City Staff:
Katherine Lewis – City Attorney, Cindy Lou Trishman – City Recorder, Michelle Barney –
Minutes & Records Clerk, Thais Stewart – Deputy City Recorder, Isaac Canedo – Public
Engagement Communication Specialist, Taylor Hill – Constituent Liaison/Policy Analyst, Scott
Corpany – Staff Assistant, Ben Luedtke – City Council Staff, Brian Fullmer – Constituent
Liaison, Policy Analyst, Nick Tarbet – Senior Public Policy Analyst, Sylvia Richards – Public
Policy Analyst
The meeting was called to order at 7:08 pm
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 2, 2023
1
A.CITY COUNCIL OPENING CEREMONY:
1.Board/Council Member Alejandro Puy will conduct the formal meeting.
2.Pledge of Allegiance.
3.Welcome and Public Meeting Rules.
4.The Council will approve the retreat meeting minutes of January 31, 2023.
Motion:
Moved by Board Member Mano, seconded by Board Member Dugan to
approve the Retreat Meeting Minutes of January 31, 2023.
AYE: Ana Valdemoros, Daniel Dugan, Amy Fowler, Chris Wharton, Alejandro Puy, Darin
Mano
ABSENT: Victoria Petro
Final Result: 6 – 0 Pass
5.Mayor Mendenhall will present the proposed Salt Lake City budget, including the
Library Fund, for Fiscal Year 2023-24.
Mayor Mendenhall presented the proposed FY2023-24 budget and read her message
to the City (contained in the Meeting Materials).
Council Member Puy reviewed the next steps for approving the budget and encouraged
the public to be involved in the process.
B.PUBLIC HEARINGS:
1.Ordinance: Downtown Building Height and Street Activation Text
Amendment
The Council will continue to accept public comment and consider adopting an ordinance
that would amend the zoning text of various sections of Title 21A of the Salt Lake City
Code pertaining to building heights in the Downtown Plan area. This proposal includes
amendments to the following zoning districts: D-1 (Downtown Central Business District),
D-2 (Downtown Support), D-3 (Downtown Warehouse), D-4 (Downtown Secondary
Business District), G-MU (Gateway Mixed-Use), CG (General Commercial) and the FB-
UN1 and FB-UN2 (Form based districts). Additionally, the proposed code revisions aim to
accommodate growth and respond to new development pressures, while developing
standards for public spaces. The Council may consider modifications to other related
sections of the code as part of this proposal. Petitioner: Mayor Erin Mendenhall Petition
No.: PLNPCM2022-00529.
For more information on this item visit https://tinyurl.com/downtownbuildingheights
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - Tuesday, April 4, 2023
Set Public Hearing Date - Tuesday, April 4, 2023
Hold hearing to accept public comment - Tuesday, April 18, 2023 and Tuesday,
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 2, 2023
2
May 2, 2023 at 7 p.m.
TENTATIVE Council Action - Tuesday, May 16, 2023
Staff Recommendation - Refer to motion sheet(s).
Brian Fullmer gave a brief introduction to the text amendment.
Cindy Cromer reminded the Council of previous comments, spoke on how the proposal
would affect the entire City, asked the Council to take the Historic Districts into account
when approving this zoning, please remove the FBUN1, limit FBUN2 to the map in the
meeting materials and consider less expensive housing that people could afford.
Justin Matkin spoke to the property along 500 West and how the proposal would affect
the development/owner of Home Depot; the proposal required a mid-block walkway
through the middle of the store which was not feasible and would make stores such as
Home Depot unable to build downtown.
Motion:
Moved by Councilmember Mano, seconded by Councilmember Fowler to
close the public hearing and defer action to a future Council Meeting.
AYE: Ana Valdemoros, Daniel Dugan, Amy Fowler, Chris Wharton, Alejandro Puy, Darin
Mano
ABSENT: Victoria Petro
Final Result: 6 – 0 Pass
2.Ordinance: Budget Amendment No.6 for Fiscal Year 2022-23
The Council will accept public comment and consider adopting an ordinance that would
amend the final budget of Salt Lake City, including the employment staffing document,
for Fiscal Year 2022-23. 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 for adapting the Seven
Canyons Fountain at Liberty Park into a dry art piece, a roof replacement for the Steiner
Aquatics Center, and several proposals to use American Rescue Plan Act (ARPA) funding
for revenue replacement and a $10 million contribution to the Perpetual Housing Fund of
Utah among other items.
For more information on this item visit https://tinyurl.com/SLCFY23
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - Tuesday, May 2, 2023
Set Public Hearing Date - Tuesday, April 18, 2023
Hold hearing to accept public comment - Tuesday, May 2, 2023 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 REDEVELOPMENT AGENCY
Tuesday, May 2, 2023
3
Ben Luedtke gave a brief introduction to the budget amendment.
No public comments.
Motion:
Moved by Councilmember Dugan, seconded by Councilmember Wharton to
close the public hearing and defer the item to a future Council Meeting for
action.
AYE: Ana Valdemoros, Daniel Dugan, Amy Fowler, Chris Wharton, Alejandro Puy, Darin
Mano
ABSENT: Victoria Petro
Final Result: 6 – 0 Pass
3.Grant Application: Congestion Mitigation and Air Quality Program Fiscal
Year 2018-2023
The Council will accept public comment for a grant application request from the Division
of Transportation to the Utah Department of Transportation and Wasatch Front Regional
Council administering U.S. Department of Transportation funds. If awarded this grant
would fund the Salt Lake City traffic signal synchronization. The aim is to minimize the
diversion of traffic to local and residential streets by installing radar detection equipment
at an estimated 31 key intersections.
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 2, 2023 at 7 p.m.
TENTATIVE Council Action - Tuesday, May 2, 2023
Staff Recommendation - Close and refer to future consent
agenda.
Motion:
Moved by Councilmember Fowler, seconded by Councilmember Dugan to
close the public hearing and defer the item to the Consent Agenda for action.
AYE: Ana Valdemoros, Daniel Dugan, Amy Fowler, Chris Wharton, Alejandro Puy, Darin
Mano
ABSENT: Victoria Petro
Final Result: 6 – 0 Pass
Sylvia Richards gave a brief introduction of the program.
Tanner Josey said addressing air pollution and air quality was important but wanted
more information on how the program was going to accomplish those goals.
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 2, 2023
4
C.POTENTIAL ACTION ITEMS:
1. Ordinance: Homeless Resource Center Text Amendment
The Council will consider adopting an ordinance that would establish a process for
approving future Homeless Resource Centers (HRCs) in the City and modify
existing standards for homeless resource centers and homeless shelters. The
Council may amend other related chapters and sections of Title 21A Zoning as part
of this proposal. This petition was initiated by the City Council through Ordinance
15B of 2022. Petition No.: PLNPCM2022-01068
The proposal includes:
•A Homeless Resource Center Overlay Zoning District;
•Modifications to city ordinance 21A.36.350 Standards for Homeless
Resource Centers;
•Provisions for temporary/seasonal homeless resource centers that
incorporate recent changes to Utah Code;
•Modifications to city ordinance 21A.50 to include additional considerations
when mapping the HRC overlay and other related changes; and
•Updated defined terms.
For more information on this item visit www.tinyurl.com/HRCTextAmendment
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - Tuesday, March 21, 2023
Set Public Hearing Date - Tuesday, March 7, 2023
Hold hearing to accept public comment - Tuesday, April 4, 2023 at 7 p.m.
TENTATIVE Council Action - Tuesday, May 2, 2023
Staff Recommendation - Refer to motion sheet(s).
Motion:
Moved by Councilmember Wharton, seconded by Councilmember Fowler to
adopt Ordinance 19 of 2023; a Text Amendment for Homeless Resource
Centers (HRCs) and Shelters, subject to the following changes:
- Specify that if privately owned HRCs/shelters prohibit firearms from within
the building, they must provide signage at public entrances that firearms are
not permitted and detection devices and provide secure storage while the
individual is inside the HRC/Shelter.
I further move that the Council adopt a Legislative Intent to support the
development of comprehensive and effective metrics aimed at assisting
Homeless Resource Centers (HRCs) in demonstrating their impact on
individuals experiencing homelessness and the communities hosting HRCs.
The Council intends for the City to collaborate with stakeholders, including
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 2, 2023
5
State and County officials and service providers, to establish a robust set of
metrics that can accurately measure the success of HRCs.
The Council further intends to assist with resources to facilitate data
collection efforts for service providers, with the aim of improving data
capture and analysis that will not be needlessly cumbersome for those
capturing the data, and ultimately improve the understanding of the impact
HRCs have on their clients in the communities where the facilities are
located. This will help inform funding decisions and guide the allocation of
resources towards programs that have been proven effective in addressing
homelessness.
I further move the Council initiate a Legislative Action requesting the
Administration research and develop a proposal to give the zoning
administrator the ability to require and review CEPTED (Crime Prevention
Through Environmental Design) standards for other uses related to
homeless services.
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Amy Fowler, Chris Wharton,
Alejandro Puy, Darin Mano
Final Result: 7 – 0 Pass
Nick Tarbet gave an overview of the proposal and background on the motions.
Council Members discussed:
•Language in the motions and the results of the suggested changes
•What would happen with firearms if the language was removed from the motion
•The issue with homeless individuals potentially stashing weapons around the
facilities
•The type of detection device a facility would need or require
•Options for facilities to address weapon storage or detection
•Whether or not to keep the firearm language in the ordinance
2. Ordinance: Rezone at 792 West 900 South and 875 South 800 West
The Council will consider adopting an ordinance that would amend the zoning of
property at 792 West 900 South and 875 South 800 West from M-1 (Light Manufacturing
District) to R-MU (Residential/Mixed Use District). The proposed amendment to the
Zoning Map is intended to allow the property owner to develop two small multi-family
dwellings. No development plans have been submitted at this time. Consideration may be
given to rezoning the property to another zoning district with similar characteristics. The
properties are within Council District 2. Petitioner: Cameron Broadbent, Petition No.:
PLNPCM2022-00587
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - Tuesday, April 4, 2023
Set Public Hearing Date - Tuesday, April 4, 2023
Hold hearing to accept public comment - Tuesday, April 18, 2023 at 7 p.m.
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 2, 2023
6
TENTATIVE Council Action - Tuesday, May 2, 2023
Staff Recommendation - Refer to motion sheet(s).
Motion:
Moved by Councilmember Mano, seconded by Councilmember Dugan to
adopt Ordinance 20 of 2023, for 792 West 900 South and 875 South 800
West Zoning Map Amendment including that the Applicant record a
restrictive covenant limiting building height to 35 feet.
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Amy Fowler, Chris Wharton,
Alejandro Puy, Darin Mano
Final Result: 7 – 0 Pass
D.COMMENTS:
1.Comments to the City Council. (Comments are taken on any item not scheduled
for a public hearing, as well as on any other City business. Comments are limited
to two minutes.)
Council Member Puy reviewed the rules of decorum.
Arthur Moss spoke to the interest in working with the City to help provide affordable
housing.
Kristina Robb spoke to the need for survey data to minimize the bias in information,
create affordable, safe housing, prioritize local rental research across the City and support
home ownership.
MJ Powell spoke in support of the Mayor’s FY2023-2024 Budget, how it would benefit
the City as a whole including individuals experiencing homelessness and funding for
police reform.
Rebel (no last name), Wendy Garvin, Joshua Mellowseed Story, Daniel
Taylor, Kseniya Kniazeva, Brandee Woodword, Alex Stewart, Carl Moore,
Bernie Hart, Tom Kalaher, Brandon (no last name), Chris Crosswide spoke to:
•Lack of housing and shelters for individuals experiencing homelessness
•Issues with and cost of abatements
•Number of homeless individuals that were moved to the street with the closure of
the winter shelters
•Funding in the budget for staffing was not sufficient
•Need to make housing a priority
•A sanctioned campground would provide a place for people to be safe
•Safety issues in shelters
•Campground would provide a better option for individuals experiencing
homelessness
•Thanked the Council for supporting the supply drives for the homeless
•Congregate shelters were not the solution
•There were more viable options available and we need to do better
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 2, 2023
7
•Healthcare, mental health options and addiction services were needed for the
unhoused individuals
•Where was the deeply affordable housing that was proposed at the end of last year
•Emergency Services were being stretched too thin
•The number of women pushed to the street in the last week
•Sick individuals were being sent out on the streets to survive without healthcare
•Homelessness being a common problem across the country
•Look for more ways to address the homeless issue
•Not making it more complicated than it needed to be
E.NEW BUSINESS:
1.Resolution: Interlocal Agreement and Memorandum for 2023 Election
Services
The Council will consider approving a resolution for an election services interlocal
cooperation agreement between Salt Lake City Corporation and Salt Lake County. It
defines the services the County will provide the City for the 2023 General
Election, through the Ranked Choice Voting method, on November 7, 2023. The City will
be responsible for any additional charges exceeding the estimated cost such as a recount
which would be invoiced to the City after the election.
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - Tuesday, May 2, 2023
Set Public Hearing Date - n/a
Hold hearing to accept public comment - n/a
TENTATIVE Council Action - Tuesday, May 2, 2023
Staff Recommendation - Refer to motion sheet(s).
Motion:
Moved by Councilmember Fowler, seconded by Councilmember Dugan to
adopt Resolution 11 of 2023, for an election services interlocal cooperation
agreement between Salt Lake City and Salt Lake County for the 2023
municipal general election.
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Amy Fowler, Chris Wharton,
Alejandro Puy, Darin Mano
Final Result: 7 – 0 Pass
2.Resolution: Naming the Salt Lake International Airport Greeting Room the
Senator Garn Greeting Room
The Council will consider adopting a resolution supporting Mayor Mendenhall naming of
the Salt Lake International Airport Greeting Room the “Senator Garn Greeting Room”
after former Salt Lake City Mayor and Utah Senator Jake Garn. Senator Jake Garn was
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 2, 2023
8
elected Salt Lake City Commissioner in 1967 and Mayor in 1971. He went on the serve
three terms as a United States Senator from 1974-1992.
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - Tuesday, May 2, 2023
Set Public Hearing Date - n/a
Hold hearing to accept public comment - n/a
TENTATIVE Council Action - Tuesday, May 2, 2023
Staff Recommendation - Refer to motion sheet(s).
Motion:
Moved by Councilmember Dugan, seconded by Councilmember Valdemoros
to adopt Resolution 12 of 2023, naming the Salt Lake International Airport
Greeting room the Senator Garn Greeting Room.
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Amy Fowler, Chris Wharton,
Alejandro Puy, Darin Mano
Final Result: 7 – 0 Pass
3.Resolution: Local Emergency Declaration Extension – Flooding
The Council will consider adopting a resolution that would extend the Mayor’s April 12,
2023 proclamation declaring a local emergency relating to flooding from spring runoff.
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - Tuesday, May 2, 2023
Set Public Hearing Date - n/a
Hold hearing to accept public comment - n/a
TENTATIVE Council Action - Tuesday, May 2, 2023
Staff Recommendation - Suspend the rules and consider
motions.
Motion:
Moved by Councilmember Fowler, seconded by Councilmember Dugan to
approve Resolution 13 of 2023, the extension of Proclamation 1 of 2023,
from the date of the Resolution until June 15, 2023, unless later extended or
terminated by subsequent resolution of the Council or unless terminated
pursuant to State Law.
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Amy Fowler, Chris Wharton,
Alejandro Puy, Darin Mano
Final Result: 7 – 0 Pass
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 2, 2023
9
E.NEW BUSINESS:
1.Resolution: Interlocal Agreement and Memorandum for 2023 Election
Services
The Council will consider approving a resolution for an election services interlocal
cooperation agreement between Salt Lake City Corporation and Salt Lake County. It
defines the services the County will provide the City for the 2023 General
Election, through the Ranked Choice Voting method, on November 7, 2023. The City will
be responsible for any additional charges exceeding the estimated cost such as a recount
which would be invoiced to the City after the election.
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - Tuesday, May 2, 2023
Set Public Hearing Date - n/a
Hold hearing to accept public comment - n/a
TENTATIVE Council Action - Tuesday, May 2, 2023
Staff Recommendation - Refer to motion sheet(s).
Motion:
Moved by Councilmember Fowler, seconded by Councilmember Dugan to
adopt Resolution 11 of 2023, for an election services interlocal cooperation
agreement between Salt Lake City and Salt Lake County for the 2023
municipal general election.
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Amy Fowler, Chris Wharton,
Alejandro Puy, Darin Mano
Final Result: 7 – 0 Pass
2.Resolution: Naming the Salt Lake International Airport Greeting Room the
Senator Garn Greeting Room
The Council will consider adopting a resolution supporting Mayor Mendenhall naming of
the Salt Lake International Airport Greeting Room the “Senator Garn Greeting Room”
after former Salt Lake City Mayor and Utah Senator Jake Garn. Senator Jake Garn was
elected Salt Lake City Commissioner in 1967 and Mayor in 1971. He went on the serve
three terms as a United States Senator from 1974-1992.
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - Tuesday, May 2, 2023
Set Public Hearing Date - n/a
Hold hearing to accept public comment - n/a
TENTATIVE Council Action - Tuesday, May 2, 2023
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 2, 2023
10
Staff Recommendation - Refer to motion sheet(s).
Motion:
Moved by Councilmember Dugan, seconded by Councilmember Valdemoros
to adopt Resolution 12 of 2023, naming the Salt Lake International Airport
Greeting room the Senator Garn Greeting Room.
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Amy Fowler, Chris Wharton,
Alejandro Puy, Darin Mano
Final Result: 7 – 0 Pass
3.Resolution: Local Emergency Declaration Extension – Flooding
The Council will consider adopting a resolution that would extend the Mayor’s April 12,
2023 proclamation declaring a local emergency relating to flooding from spring runoff.
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - Tuesday, May 2, 2023
Set Public Hearing Date - n/a
Hold hearing to accept public comment - n/a
TENTATIVE Council Action - Tuesday, May 2, 2023
Staff Recommendation - Suspend the rules and consider
motions.
Motion:
Moved by Councilmember Fowler, seconded by Councilmember Dugan to
approve Resolution 13 of 2023, the extension of Proclamation 1 of 2023,
from the date of the Resolution until June 15, 2023, unless later extended or
terminated by subsequent resolution of the Council or unless terminated
pursuant to State Law.
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Amy Fowler, Chris Wharton,
Alejandro Puy, Darin Mano
Final Result: 7 – 0 Pass
F.UNFINISHED BUSINESS:
1.Resolution: Tentative Budget of Salt Lake City, including the Tentative
Budget of the Library Fund, for Fiscal Year 2023-24
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 2023-
24.
FYI – Project Timeline: (subject to change per Chair direction or Council
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 2, 2023
11
discussion)
Briefing - TBD
Set Public Hearing Date - Tuesday, April 18, 2023
Hold hearing to accept public comment - Tuesday, May 16, 2023 and Tuesday,
June 6, 2023 at 7 p.m.
TENTATIVE Council Action - Tuesday, May 2, 2023
Staff Recommendation - Refer to motion sheet(s).
Motion:
Moved by Councilmember Dugan, seconded by Councilmember Wharton to
adopt Resolution 14 of 2023, adopting the tentative budget for Salt Lake City,
Utah including the tentative budget of the Library Fund, for Fiscal Year 2023-
24.
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Amy Fowler, Chris Wharton,
Alejandro Puy, Darin Mano
Final Result: 7 – 0 Pass
G.CONSENT:
1.Grant Holding Account Items (Batch No. 9) for Fiscal Year 2022-23
The Council will consider approving Grant Holding Account Items (Batch No. 9) for Fiscal
Year 2022-23.
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 - n/a
TENTATIVE Council Action - Tuesday, May 2, 2023
Staff Recommendation - Approve.
2.Board Appointment: Sister Cities Board – John Wilson
The Council will consider approving the appointment of John Wilson to the Sister Cities
Board for a term ending July 6, 2027.
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - Tuesday, May 2, 2023
Set Public Hearing Date - n/a
Hold hearing to accept public comment - n/a
TENTATIVE Council Action - Tuesday, May 2, 2023
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 2, 2023
12
Staff Recommendation - Approve.
3.Board Appointment: Sister Cities Board – Matilyn Mortensen
The Council will consider approving the appointment of Matilyn Mortensen to the Sister
Cities Board for a term ending July 6, 2027.
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - Tuesday, May 2, 2023
Set Public Hearing Date - n/a
Hold hearing to accept public comment - n/a
TENTATIVE Council Action - Tuesday, May 2, 2023
Staff Recommendation - Approve.
4.Board Appointment: Sister Cities Board – Ross Chambless
The Council will consider approving the appointment of Ross Chambless to the Sister
Cities Board for a term ending July 6, 2027.
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - Tuesday, May 2, 2023
Set Public Hearing Date - n/a
Hold hearing to accept public comment - n/a
TENTATIVE Council Action - Tuesday, May 2, 2023
Staff Recommendation - Approve.
5.Board Appointment: Sister Cities Board – Annie Quan
The Council will consider approving the appointment of Annie Quan to the Sister Cities
Board for a term ending July 6, 2027.
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - Tuesday, May 2, 2023
Set Public Hearing Date - n/a
Hold hearing to accept public comment - n/a
TENTATIVE Council Action - Tuesday, May 2, 2023
Staff Recommendation - Approve.
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 2, 2023
13
6.Board Reappointment: Arts Council – Kathy Davis
The Council will consider approving the reappointment of Kathy Davis to the Arts Council
for a term ending May 2, 2026.
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 - n/a
TENTATIVE Council Action - Tuesday, May 2, 2023
Staff Recommendation - Approve.
7.Board Reappointment: Arts Council – Torle Nenbee
The Council will consider approving the reappointment of Torle Nenbee to the Arts
Council for a term ending May 2, 2026.
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 - n/a
TENTATIVE Council Action - Tuesday, May 2, 2023
Staff Recommendation - Approve.
8.Board Reappointment: Utah Performing Arts Center Agency (UPACA) –
Deirdre (Dee-dee) Darby-Duffin
The Council will consider approving the reappointment of Deirdre (Dee-dee) Darby-
Duffin to the Utah Performing Arts Center Agency (UPACA) for a term ending May 2,
2027.
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 - n/a
TENTATIVE Council Action - Tuesday, May 2, 2023
Staff Recommendation - Approve.
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 2, 2023
14
9.Board Reappointment: Mosquito Abatement Board – Neil Vickers
The Council will consider approving the reappointment of Neil Vickers to the Mosquito
Abatement Board for a term ending December 31, 2027.
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 - n/a
TENTATIVE Council Action - Tuesday, May 2, 2023
Staff Recommendation - Approve.
Motion:
Moved by Councilmember Wharton, seconded by Councilmember 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
H.ADJOURNMENT:
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 2, 2023
15
LOCAL BUILDING AUTHORITY of
SALT LAKE CITY, UTAH MEETING
Please note: Dates not identified in the FYI - Project Timeline are either not applicable or not yet
determined.
I.LBA OPENING CEREMONY:
1.The Board will approve meeting minutes of May 18, 2021; June 1, 2021; June 15,
2021; August 17, 2021; May 3, 2022; May 17, 2022; June 7, 2022; and June 14,
2022.
Motion:
Moved by Councilmember Wharton, seconded by Councilmember Dugan to
approve the meeting minutes as listed.
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Amy Fowler, Chris Wharton,
Alejandro Puy, Darin Mano
Final Result: 7 – 0 Pass
J.LBA UNFINISHED BUSINESS:
1.Resolution: Tentative Budget for the Capital Projects Fund of the Local
Building Authority for Fiscal Year 2023-24
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 2023-24.
The LBA’s Capital Projects Fund for Fiscal Year 2023-24 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 18, 2023
Hold hearing to accept public comment - Tuesday, May 16, 2023 and Tuesday,
June 6, 2023 at 7 p.m.
TENTATIVE Council Action - Tuesday, May 2, 2023
Staff Recommendation - Refer to motion sheet(s).
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 2, 2023
16
Motion:
Moved by Councilmember Mano, seconded by Councilmember Dugan to
adopt Resolution 1 of 2023, the tentative budget for the Capital Projects Fund
of the Local Building Authority of Salt Lake City, Utah for Fiscal Year 2023-
24.
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Amy Fowler, Chris Wharton,
Alejandro Puy, Darin Mano
Final Result: 7 – 0 Pass
K.LBA ADJOURNMENT:
Motion:
Moved by Councilmember Wharton, seconded by Councilmember Mano to
adjourn the Local Building Authority meeting and reconvene as the
Redevelopment Agency Board of Directors.
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Amy Fowler, Chris Wharton, Alejandro
Puy, Darin Mano
Final Result: 7 – 0 Pass
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 2, 2023
17
REDEVELOPMENT AGENCY of
SALT LAKE CITY, UTAH MEETING
Please note: Dates not identified in the FYI - Project Timeline are either not applicable or not yet
determined.
L.RDA UNFINISHED BUSINESS:
1.Resolution: Tentative Budget for the Redevelopment Agency of Salt Lake City
for Fiscal Year 2023-24
The Board will consider approving a resolution adopting the tentative budget for the
Redevelopment Agency of Salt Lake City for Fiscal Year 2023-24.
For more information on this item visit https://tinyurl.com/SLCFY24
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - TBD
Set Public Hearing Date - Tuesday, April 18, 2023
Hold hearing to accept public comment - Tuesday, May 16, 2023 and Tuesday,
June 6, 2023 at 7 p.m.
TENTATIVE Council Action - Tuesday, May 2, 2023
Staff Recommendation - Refer to motion sheet(s).
Motion:
Moved by Councilmember Wharton, seconded by Councilmember Mano to
approve Resolution 09 of 2023, the tentative budget for the Redevelopment
Agency of Salt Lake City, Utah for Fiscal Year 2023-24.
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Amy Fowler, Chris Wharton,
Alejandro Puy, Darin Mano
Final Result: 7 – 0 Pass
M.RDA ADJOURNMENT:
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 2, 2023
18
Meeting adjourned at 8: 36 pm
Council Minutes Approved:
RDA Minutes Approved:
LBA Minutes Approved:
_______________________________
City Council Chair Darin Mano
_______________________________
Redevelopment Agency Chair Alejandro Puy
_______________________________
Local Building Authority Chair Darin Mano
_______________________________
City Recorder
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 City
Council, RDA, and LBA meeting held Tuesday, May 2, 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 SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 2, 2023
19
PENDING MINUTES – NOT APPROVED
The Board of Directors of the Redevelopment Agency (RDA) of Salt Lake City met on Tuesday,
May 16, 2023.
The following Board Members were present:
Ana Valdemoros, Daniel Dugan, Amy Fowler, Chris Wharton, Alejandro Puy, Darin Mano
The following Board Members were absent:
Victoria Petro
Present Agency Leadership:
Danny Walz – Director, Cara Lindsley – Deputy Director
Present City Staff:
Cindy Lou Trishman – City Recorder, DeeDee Robinson – Minutes & Records Clerk, Stephanie
Elliott – Minutes & Records Clerk, Taylor Hill – Constituent Liaison/Policy Analyst, Scott
Corpany – Staff Assistant, Rachel Otto – Chief of Staff, Jennifer Bruno – Council Deputy
Director, Cindy Gust-Jenson – Council Executive Director, Ben Luedtke – Public Policy Analyst,
Mark Kittrell – Deputy City Attorney, Lindsey Nikola – Deputy Chief of Staff
Director Chair Puy presided at and conducted the meeting.
The meeting was called to order at 2:07 pm.
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, May 16, 2023
1
Comments:A.
1.General Comments to the Board ~2:00 p.m.
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:
NONE.
C.Redevelopment Agency Business - The RDA Board of Directors will receive
information and/or hold discussions and/or take action on:
1.Election of the Vice Chair ~ 2:05 p.m.
5 min
The Board will select a Board Vice Chair (for the remainder of the one-year term). The
process includes expressions of interest from Board Members, nomination, and then
voting for the Vice Chair position.
Motion:
Moved by Director Wharton, seconded by Director Valdemoros to close
nominations and open voting (by ballot) for Vice Chair of the RDA.
AYE: Ana Valdemoros, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano
ABSTAIN: Amy Fowler
ABSENT: Victoria Petro
Final Result: 5 – 0 Pass
Director Mano nominated Director Dugan to serve the remainder of the one-year term for
Vice Chair of the Redevelopment Agency.
Nominations for the seat were closed and voting by ballot proceeded.
Five ballots were received in favor of Director Dugan for the seat of Vice Chair.
2.Resolution: RDA Budget Amendment No.3 for Fiscal Year 2022-
23 ~ 2:10 p.m.
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, May 16, 2023
2
10 min
The Board will receive a follow-up briefing about, and consider adopting a resolution
that would amend the final budget of the Redevelopment Agency of Salt Lake City for
Fiscal Year 2022-23. Budget amendments happen several times each year to reflect
adjustments in the Redevelopment Agency’s budget, including proposed project
additions and modifications, and staffing changes. The amendment includes adjustments
to budgets based on actual property tax increment received to satisfy obligations under
state law, interlocal agreements with other taxing entities, and reimbursement
agreements with private property owners, and several holding accounts for capital
improvements and strategic intervention funds for future opportunities in project areas
among other items.
Motion:
Moved by Director Mano, seconded by Director Dugan to approve
Resolution 11 of 2023 to amend the FY 2022-2023 budget of all remaining
items.
AYE: Ana Valdemoros, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano
ABSTAIN: Amy Fowler
ABSENT: Victoria Petro
Final Result: 5 – 0 Pass
Ben Luedtke provided an introduction to the briefing.
There was no further discussion.
3.Overview of the Redevelopment Agency Budget for Fiscal Year
2023-24 ~ 2:20 p.m.
60 min
The Board will receive a general overview of the proposed budget for the Redevelopment
Agency of Salt Lake City for Fiscal Year 2023-24. The Board will continue to discuss the
Mayor’s Recommended Budget over the next several weeks and will have public hearings
on Tuesday May 16, 2023 and Tuesday, June 6, 2023 at 7 p.m. The Board expects to
adopt the budget in mid-June.
Danny Walz, Ben Luedtke, and Jennifer Bruno provided information regarding:
Proposed Budget for the Redevelopment Agency FY 2023-2024
•Budget consisted of multiple funds:
◦Project Area Funds
◦Housing Funds
◦Multi-use Funds
◦Agency Operations
•Overview of the budget process, including revenue sources, obligated expenses and
discretionary expenses
•Approximately $47M in projected revenue for Project Areas and Multi-Use funds
•Tax increment revenue actuals/budgeted for 2023
•Revenue by fund for Project Area/Multi-Use funds
•Approximately $9.7M in projected revenue for Housing Fund
•Approximately $44M in projected obligated expenses
•Discretionary expenses – program/project insights:
◦RDA Arts & Culture Program
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, May 16, 2023
3
◾$25K for Regent Street event programming
◾$150K for RDA Arts & Culture Program
◦Gallivan Programs
◾$214K Gallivan maintenance and repairs
◾$509K Gallivan Plaza planning
◦Commercial Assistance Programs
◾$226K Commercial revolving loans
◾$3.7M Commercial Assistance Program
◦Strategic Intervention
◾$4M in holding account for property acquisition, site development
costs, and community benefits
◦Infrastructure Improvements
◾$50K City Creek daylighting
◾$550K Sugar House Deseret Industries demolition
◾$3.6M Depot District
◾$100K North Temple
◦Infrastructure Studies and Planning Program
◾$300K Ballpark planning
•Specific allocations for discretionary expenses
•Housing activities – program/project insights:
◦$2M Property acquisition
◦$1.5M Accessory Dwelling Unit (ADU) program
◦$4.5M Housing Development Loan Program (HDLP)
◦$380K Family and workforce housing – through interlocal agreements with
Salt Lake City School District
◦$2.8M Shared equity
•Specific allocations for housing funds
•Administrative expenses – project/program insights:
◦Approximately $300K for (2) new full-time employees (FTEs)
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.
Item not held.
5.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.
Item not held.
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, May 16, 2023
4
C.Redevelopment Agency Business - The RDA Board of Directors will receive
information and/or hold discussions and/or take action on:
1.Election of the Vice Chair ~ 2:05 p.m.
5 min
The Board will select a Board Vice Chair (for the remainder of the one-year term). The
process includes expressions of interest from Board Members, nomination, and then
voting for the Vice Chair position.
Motion:
Moved by Director Wharton, seconded by Director Valdemoros to close
nominations and open voting (by ballot) for Vice Chair of the RDA.
AYE: Ana Valdemoros, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano
ABSTAIN: Amy Fowler
ABSENT: Victoria Petro
Final Result: 5 – 0 Pass
Director Mano nominated Director Dugan to serve the remainder of the one-year term for
Vice Chair of the Redevelopment Agency.
Nominations for the seat were closed and voting by ballot proceeded.
Five ballots were received in favor of Director Dugan for the seat of Vice Chair.
2.Resolution: RDA Budget Amendment No.3 for Fiscal Year 2022-
23 ~ 2:10 p.m.
10 min
The Board will receive a follow-up briefing about, and consider adopting a resolution
that would amend the final budget of the Redevelopment Agency of Salt Lake City for
Fiscal Year 2022-23. Budget amendments happen several times each year to reflect
adjustments in the Redevelopment Agency’s budget, including proposed project
additions and modifications, and staffing changes. The amendment includes adjustments
to budgets based on actual property tax increment received to satisfy obligations under
state law, interlocal agreements with other taxing entities, and reimbursement
agreements with private property owners, and several holding accounts for capital
improvements and strategic intervention funds for future opportunities in project areas
among other items.
Motion:
Moved by Director Mano, seconded by Director Dugan to approve
Resolution 11 of 2023 to amend the FY 2022-2023 budget of all remaining
items.
AYE: Ana Valdemoros, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano
ABSTAIN: Amy Fowler
ABSENT: Victoria Petro
Final Result: 5 – 0 Pass
Ben Luedtke provided an introduction to the briefing.
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, May 16, 2023
5
There was no further discussion.
3.Overview of the Redevelopment Agency Budget for Fiscal Year
2023-24 ~ 2:20 p.m.
60 min
The Board will receive a general overview of the proposed budget for the Redevelopment
Agency of Salt Lake City for Fiscal Year 2023-24. The Board will continue to discuss the
Mayor’s Recommended Budget over the next several weeks and will have public hearings
on Tuesday May 16, 2023 and Tuesday, June 6, 2023 at 7 p.m. The Board expects to
adopt the budget in mid-June.
Danny Walz, Ben Luedtke, and Jennifer Bruno provided information regarding:
Proposed Budget for the Redevelopment Agency FY 2023-2024
•Budget consisted of multiple funds:
◦Project Area Funds
◦Housing Funds
◦Multi-use Funds
◦Agency Operations
•Overview of the budget process, including revenue sources, obligated expenses and
discretionary expenses
•Approximately $47M in projected revenue for Project Areas and Multi-Use funds
•Tax increment revenue actuals/budgeted for 2023
•Revenue by fund for Project Area/Multi-Use funds
•Approximately $9.7M in projected revenue for Housing Fund
•Approximately $44M in projected obligated expenses
•Discretionary expenses – program/project insights:
◦RDA Arts & Culture Program
◾$25K for Regent Street event programming
◾$150K for RDA Arts & Culture Program
◦Gallivan Programs
◾$214K Gallivan maintenance and repairs
◾$509K Gallivan Plaza planning
◦Commercial Assistance Programs
◾$226K Commercial revolving loans
◾$3.7M Commercial Assistance Program
◦Strategic Intervention
◾$4M in holding account for property acquisition, site development
costs, and community benefits
◦Infrastructure Improvements
◾$50K City Creek daylighting
◾$550K Sugar House Deseret Industries demolition
◾$3.6M Depot District
◾$100K North Temple
◦Infrastructure Studies and Planning Program
◾$300K Ballpark planning
•Specific allocations for discretionary expenses
•Housing activities – program/project insights:
◦$2M Property acquisition
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, May 16, 2023
6
◦$1.5M Accessory Dwelling Unit (ADU) program
◦$4.5M Housing Development Loan Program (HDLP)
◦$380K Family and workforce housing – through interlocal agreements with
Salt Lake City School District
◦$2.8M Shared equity
•Specific allocations for housing funds
•Administrative expenses – project/program insights:
◦Approximately $300K for (2) new full-time employees (FTEs)
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.
Item not held.
5.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.
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:
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;
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, May 16, 2023
7
Adjournment
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.
MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY
Tuesday, May 16, 2023
8
Meeting adjourned at: 3:10 pm.
Minutes Approved:
_______________________________
Redevelopment Agency Chair – Alejandro Puy
_______________________________
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, May 16, 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, May 16, 2023
9
PENDING MINUTES – NOT APPROVED
The Local Building Authority, Redevelopment Agency, and the Salt Lake City Council of Salt
Lake City, Utah met in Formal Session on Tuesday, May 16, 2023.
The following Board Directors/Council Members were present:
Ana Valdemoros, Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano
The following Board Directors/Council Members were absent:
Amy Fowler
Present Legislative leadership:
Cindy Gust-Jenson – Executive Director, Jennifer Bruno – Deputy Director, Lehua Weaver –
Associate Deputy Director
Present Administrative leadership:
Mayor Erin Mendenhall, Rachel Otto – Chief of Staff, Lisa Shaffer – Chief Administrative
Officer, Danny Walz – Redevelopment Agency Chief Operating Officer
Present City Staff:
Mark Kitrell – Deputy City Attorney, Cindy Lou Trishman – City Recorder, Michelle Barney –
Minutes & Records Clerk, Stephanie Elliott – Minutes & Records Clerk, Isaac Canedo – Public
Engagement Communication Specialist, Taylor Hill – Constituent Liaison/Policy Analyst, Scott
Corpany – Staff Assistant, Nick Tarbet – Senior Public Policy Analyst, Sylvia Richards – Public
Policy Analyst
Council Member Puy presided at and conducted the meeting.
The meeting was called to order at 7:11 pm
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 16, 2023
1
LOCAL BUILDING AUTHORITY of
SALT LAKE CITY, UTAH MEETING
A.LBA OPENING CEREMONY:
1.Board/Council Member Alejandro Puy will conduct the formal meeting.
2.Pledge of Allegiance.
3.Welcome and Public Meeting Rules.
B.LBA PUBLIC HEARINGS:
1.Resolution: Budget for the Capital Projects Fund of the Local Building
Authority for Fiscal Year 2023-24
The Board will accept public comment and consider approving a resolution adopting the
final budget for the Capital Projects Fund of the Local Building Authority of Salt Lake City
for Fiscal Year 2023-24.
The LBA’s Capital Projects Fund for Fiscal Year 2023-24 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 18, 2023
Hold hearing to accept public comment - Tuesday, May 16, 2023 and Tuesday,
June 6, 2023 at 7 p.m.
TENTATIVE Council Action - TBD
Staff Recommendation - Close hearing and refer to public hearing
on June 6, 2023
Jennifer Bruno gave a brief overview of the proposal.
No public comments
Motion:
Moved by Councilmember Dugan, seconded by Councilmember Mano to
close the public hearing and refer item to the public hearing on June 6,
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 16, 2023
2
2023.
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy,
Darin Mano
ABSENT: Amy Fowler
Final Result: 6 – 0 Pass
C.LBA ADJOURNMENT:
Motion:
Moved by Councilmember Wharton, seconded by Councilmember Mano to
adjourn as the LBA and convene as the RDA.
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin
Mano
ABSENT: Amy Fowler
Final Result: 6 – 0 Pass
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 16, 2023
3
REDEVELOPMENT AGENCY of
SALT LAKE CITY, UTAH MEETING
Please note: Dates not identified in the FYI - Project Timeline are either not applicable or not yet
determined.
D.RDA PUBLIC HEARINGS:
1.Resolution: Budget for the Redevelopment Agency of Salt Lake City for Fiscal
Year 2023-24
The Board will accept public comment and consider approving a resolution adopting the
final budget for the Redevelopment Agency of Salt Lake City for Fiscal Year 2023-24.
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - TBD
Set Public Hearing Date - Tuesday, April 18, 2023
Hold hearing to accept public comment - Tuesday, May 16, 2023 and Tuesday,
June 6, 2023 at 7 p.m.
TENTATIVE Council Action - TBD
Staff Recommendation - Close hearing and refer to public hearing
on June 6, 2023
Motion:
Moved by Councilmember Dugan, seconded by Councilmember Petro to close
the public hearing and refer item to the public hearing on June 6, 2023.
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy,
Darin Mano
ABSENT: Amy Fowler
Final Result: 6 – 0 Pass
Jennifer Bruno gave a brief overview of the proposal.
No public comment
E.RDA ADJOURNMENT:
Motion:
Moved by Councilmember Wharton, seconded by Councilmember Dugan to
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 16, 2023
4
Adjorn as the RDA and convene as the City Council
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin
Mano
ABSENT: Amy Fowler
Final Result: 6 – 0 Pass
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 16, 2023
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.The Council will approve the formal meeting minutes of February 21, 2023.
Motion:
Moved by Councilmember Wharton, seconded by Councilmember Mano to
approve formal meeting minutes of Feb 21, 2023.
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy,
Darin Mano
ABSENT: Amy Fowler
Final Result: 6 – 0 Pass
2.The Council will consider adopting a joint ceremonial resolution with Mayor
Mendenhall celebrating June 2023 as Pride Month.
Motion:
Moved by Councilmember Wharton, seconded by Councilmember
Valdemoros to adopt Joint Ceremonial Resolution 15 of 2023, celebrating
June 2023 as Pride Month.
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy,
Darin Mano
ABSENT: Amy Fowler
Final Result: 6 – 0 Pass
Council Member Mano read the resolution.
Johnathan Foulk and Tanya Hawkins from the Utah Pride Center thanked the
Council and Mayor for their support of the resolution and the LGBTQIA+ community.
G.PUBLIC HEARINGS:
1. Ordinance: Early Notification Text Amendment
The Council will accept public comment and consider adopting an ordinance that
would approve various changes to the Salt Lake City Code relating to early
notification of the public and recognized community organizations for land use
projects. The Council initiated this petition to clarify early notification regulations
and public outreach. The purpose of the proposed changes is to increase
awareness and participation by the public for various types of City projects while
still providing a timely review process for applicants. Related provisions of the
City Code may also be amended as part of this petition.
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 16, 2023
6
For more information on this item visit
https://tinyurl.com/SLCEarlyNotificationOrdinance.
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - Tuesday, February 4, 2020; Tuesday, March 3, 2020; Tuesday,
September 29, 2020; Tuesday, November 16, 2021; and Tuesday, April 11, 2023
Set Public Hearing Date - Tuesday, February 4, 2020; Tuesday, September 15,
2020; Tuesday, November 16, 2021; and Tuesday, April 18, 2023
Hold hearing to accept public comment - Tuesday, March 3, 2020; Tuesday,
October 6, 2020; Tuesday, October 20, 2020; Tuesday, December 7, 2021; and
Tuesday, May 16, 2023 at 7 p.m.
TENTATIVE Council Action - Tuesday, June 6, 2023
Staff Recommendation - Refer to motion sheet(s).
Items G2 – G10 will be heard as one public hearing.
Nick Tarbet gave a brief overview of the text amendment.
No public comment
Motion:
Moved by Councilmember Mano, seconded by Councilmember Dugan to
close the public hearing and defer action to a future Council meeting.
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy,
Darin Mano
ABSENT: Amy Fowler
Final Result: 6 – 0 Pass
2. Grant Application: Salt Lake, Summit, and Tooele Counties
Transportation Alternatives Program Fiscal Year 2023
The Council will accept public comment for a grant application request from the
Division of Transportation to the Utah Department of Transportation. If awarded,
the grant would fund the 9-Line Trail Extension West of Redwood Road.
The project constructs a new 4/10-mile segment of shared-use path along the
north side of Indiana Avenue west of Redwood Road and improves three
associated pedestrian/bicycle crossings to make key destination-focused
connections.
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 16, 2023 at 7 p.m.
TENTATIVE Council Action - n/a
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 16, 2023
7
Staff Recommendation - Close and refer to future consent
agenda.
3. Grant Application: Backman School Community Open Space
The Council will accept public comment for a grant application request from
Parks & Public Lands to the Utah Department of Natural Resources. If awarded,
the grant would fund a project that would develop the property located near the
Backman Bridge and provide a safer route for children walking to school. The new
space will become a community gathering place with a nature playground, native
habitat, and an outdoor classroom programmed by Backman Elementary. The
public spaces will allow children of all ages to engage and explore nature in an
urban neighborhood. The park will also connect to the Jordan River Parkway
providing access to more recreational opportunities that support an active
lifestyle.
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 16, 2023 at 7 p.m.
TENTATIVE Council Action - n/a
Staff Recommendation - Close and refer to future consent
agenda.
4. Grant Application: Jordan River Water Trail Tree and Debris
Removal
The Council will accept public comment for a grant application request from Park
& Public Lands to the Utah Department of Natural Resources. If awarded, the
grant would fund removal of tree branches and other debris from the Jordan
River Water Trail to improve the safety and accessibility of non-motorized
watercraft.
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 16, 2023 at 7 p.m.
TENTATIVE Council Action - n/a
Staff Recommendation - Close and refer to future consent
agenda.
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 16, 2023
8
5. Grant Application: Drinking Water Service Line Inventory/Lead
Service Replacement Plan Development Grant
The Council will accept public comment for a grant application request from the
Department of Public Utilities to the Utah Division of Drinking Water. If awarded,
the grant would fund wages for existing Department of Public Utilities staff to
conduct record reviews, GIS work, and site inspections for the inventory related to
the qualifying disadvantaged census tracts. The grant would also fund consultant
services to complete a water service line inventory and develop a lead service line
replacement (LSLR) plan related to the qualifying disadvantaged census tracts.
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 16, 2023 at 7 p.m.
TENTATIVE Council Action - n/a
Staff Recommendation - Close and refer to future consent
agenda.
6. Grant Application: Pole Mounted Surveillance Camera Installation
The Council will accept public comment for a grant application request from
the Fire Department to the Department of Homeland Security. If awarded, the
grant would fund the purchase of mobile pole mounted cameras for the purpose of
conducting surveillance in areas of the City experiencing high incidents of
suspected intentionally set fires. The Fire Department will deploy the cameras in
areas experiencing increased fire activity specifically providing targeted
surveillance of arson.
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 16, 2023 at 7 p.m.
TENTATIVE Council Action - n/a
Staff Recommendation - Close and refer to future consent
agenda.
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 16, 2023
9
7. Grant Application: Emergency Management Performance Grant
The Council will accept public comment for a grant application request from
the Division of Emergency Management to the Department of Homeland Security.
If awarded, the grant would fund Emergency Management functions and
programs.
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 16, 2023 at 7 p.m.
TENTATIVE Council Action - n/a
Staff Recommendation - Close and refer to future consent
agenda.
8. Grant Application: 2024 Police Traffic Services Equipment Grant
The Council will accept public comment for a grant application request from the
Police Department to the Highway Safety Office. If awarded, the grant would fund
the purchase of radar units. If awarded the grant project period will be 12 months
beginning October 1, 2023.
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 16, 2023 at 7 p.m.
TENTATIVE Council Action - n/a
Staff Recommendation - Close and refer to future consent
agenda.
9. Grant Application: 2024 Distracted Driving Prevention Grant
The Council will accept public comment for a grant application request from
the Police Department to the Highway Safety Office. If awarded, the grant would
fund distracted driving enforcement/education overtime shifts. If awarded the
grant project period will be 12 months beginning October 1, 2023.
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - n/a
Set Public Hearing Date - n/a
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 16, 2023
10
Hold hearing to accept public comment - Tuesday, May 16, 2023 at 7 p.m.
TENTATIVE Council Action - n/a
Staff Recommendation - Close and refer to future consent
agenda.
10. Grant Application: Race, Equity, and Leadership Grant
The Council will accept public comment for a grant application request from the
Economic Development to the National League of Cities. If awarded, the grant
would fund a consultant to review City practices and resources and engage with
City stakeholders to determine solutions to create a more equitable process for
minority owned small businesses and entrepreneurs.
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 16, 2023 at 7 p.m.
TENTATIVE Council Action - n/a
Staff Recommendation - Close and refer to future consent
agenda.
Ordinances listed below (G11 – G22) are associated with the
implementation of the Mayor’s Recommended Budget for Salt Lake City,
including the Library Fund, for the Fiscal Year (FY) 2023-24. All ordinances
will be heard as one public hearing item during the May 16th and June 6th
public hearings.
Motion:
Moved by Councilmember Dugan, seconded by Councilmember Wharton to
close the public hearing and defer action on items G1-G10 to a future
Council Meeting.
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy,
Darin Mano
ABSENT: Amy Fowler
Final Result: 6 – 0 Pass
Sylvia Richards gave a brief overview of the grant applications.
Gayloe Dawes spoke to her family’s history in using Backman Elementary, thanked
everyone involved in helping the community and expressed excitement over grant item
G #4.
11. Ordinance: Adopting the Budget for the Library Fund of Salt Lake
City, Utah for Fiscal Year 2023-24
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 16, 2023
11
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
2023-24.
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - TBD
Set Public Hearing Date - Tuesday, April 18, 2023
Hold hearing to accept public comment - Tuesday, May 16, 2023 and Tuesday,
June 6, 2023 at 7 p.m.
TENTATIVE Council Action - TBD
Staff Recommendation - Close hearing and refer to public
hearing on June 6, 2023
12. Ordinances relating to the Fiscal Year 2023-24 City Budget,
excluding the budget for the Library Fund
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 2023-24.
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - TBD
Set Public Hearing Date - Tuesday, April 18, 2023
Hold hearing to accept public comment - Tuesday, May 16, 2023 and Tuesday,
June 6, 2023 at 7 p.m.
TENTATIVE Council Action - TBD
Staff Recommendation - Close hearing and refer to public
hearing on June 6, 2023
13. Ordinance: Adopting the rate of tax levy, including the levy for the
Library Fund, for Fiscal Year 2023-24
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 2023-24.
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - TBD
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 16, 2023
12
Set Public Hearing Date - Tuesday, April 18, 2023
Hold hearing to accept public comment - Tuesday, May 16, 2023 and Tuesday,
June 6, 2023 at 7 p.m.
TENTATIVE Council Action - TBD
Staff Recommendation - Close hearing and refer to public
hearing on June 6, 2023
14. Ordinance: Amendments to the Salt Lake City Consolidated Fee
Schedule for Fiscal Year 2023-24
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 18, 2023
Hold hearing to accept public comment - Tuesday, May 16, 2023 and Tuesday,
June 6, 2023 at 7 p.m.
TENTATIVE Council Action - TBD
Staff Recommendation - Close hearing and refer to public
hearing on June 6, 2023
15. Ordinance: Compensation Plan for All Non-represented employees
of Salt Lake City for Fiscal Year 2023-24
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 18, 2023
Hold hearing to accept public comment - Tuesday, May 16, 2023 and Tuesday,
June 6, 2023 at 7 p.m.
TENTATIVE Council Action - TBD
Staff Recommendation - Close hearing and refer to public
hearing on June 6, 2023
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 16, 2023
13
16. Ordinance: Appropriating Necessary Funds to Implement Provisions
of an MOU between Salt Lake City and AFSCME for Fiscal Year 2023-
24
The Council will accept public comment and consider adopting an ordinance
appropriating necessary funds to implement, for Fiscal Year 2023-24, 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 18, 2023
Hold hearing to accept public comment - Tuesday, May 16, 2023 and Tuesday,
June 6, 2023 at 7 p.m.
TENTATIVE Council Action - TBD
Staff Recommendation - Close hearing and refer to public
hearing on June 6, 2023
17. Ordinance: Appropriating Necessary Funds to Implement Provisions
of the MOU between Salt Lake City and the International Association
of Firefighters for Fiscal Year 2023-24
The Council will accept public comment and consider adopting an ordinance
appropriating the necessary funds to implement, for Fiscal Year 2023-24, 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 18, 2023
Hold hearing to accept public comment - Tuesday, May 16, 2023 and Tuesday,
June 6, 2023 at 7 p.m.
TENTATIVE Council Action - TBD
Staff Recommendation - Close hearing and refer to public
hearing on June 6, 2023
18. Ordinance: Appropriating Necessary Funds to Implement Provisions
of the MOU between Salt Lake City and the Salt Lake City Police
Association for Fiscal Year 2023-24
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 16, 2023
14
The Council will accept public comment and consider adopting an ordinance
appropriating necessary funds to implement, for Fiscal Year 2023-24, the
provisions of the Memorandum of Understanding (MOU) between Salt Lake City
Corporation and the Salt Lake Police Association, representing eligible
employees.
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - TBD
Set Public Hearing Date - Tuesday, April 18, 2023
Hold hearing to accept public comment - Tuesday, May 16, 2023 and Tuesday,
June 6, 2023 at 7 p.m.
TENTATIVE Council Action - TBD
Staff Recommendation - Close hearing and refer to public
hearing on June 6, 2023
19. Ordinance: Accessible Parking Space Violation
The Council will accept public comment and consider adopting an ordinance that
would amend sections of the Salt Lake City Code to adjust penalties for
accessible parking space violations to better correspond with similar penalties
described in the State of Utah Uniform Fine Schedule.
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - TBD
Set Public Hearing Date - Tuesday, April 18, 2023
Hold hearing to accept public comment - Tuesday, May 16, 2023 and Tuesday,
June 6, 2023 at 7 p.m.
TENTATIVE Council Action - TBD
Staff Recommendation - Close hearing and refer to public
hearing on June 6, 2023
20. Ordinance: Board Member Employee Status
The Council will accept public comment and consider adopting an ordinance
that would clarify the status of members appointed to Salt Lake City Boards and
Commissions who receive compensation for their service.
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - n/a
Set Public Hearing Date - Tuesday, April 18, 2023
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 16, 2023
15
Hold hearing to accept public comment - Tuesday, May 16, 2023 and Tuesday,
June 6, 2023 at 7 p.m.
TENTATIVE Council Action - n/a
Staff Recommendation - Close hearing and refer to public
hearing on June 6, 2023
21. Ordinance: Past Due Account Receivable Fees
The Council will accept public comment and consider adopting an ordinance that
would amend the Salt Lake City Code pertaining to past due accounts receivable
fees and incorporating references to 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 18, 2023
Hold hearing to accept public comment - Tuesday, May 16, 2023 and Tuesday,
June 6, 2023 at 7 p.m.
TENTATIVE Council Action - TBD
Staff Recommendation - Close hearing and refer to public
hearing on June 6, 2023
22. Ordinance: Removal/Bagging of Parking Meters
The Council will accept public comment and consider adopting an ordinance that
would amend the Salt Lake City Code pertaining to removal of parking
meters and incorporating references to 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 18, 2023
Hold hearing to accept public comment - Tuesday, May 16, 2023 and Tuesday,
June 6, 2023 at 7 p.m.
TENTATIVE Council Action - TBD
Staff Recommendation - Close hearing and refer to public
hearing on June 6, 2023
Motion:
Moved by Councilmember Dugan, seconded by Councilmember Wharton to
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 16, 2023
16
close the public hearing and refer items G 11-G 22 to the public hearing on
June 6, 2023.
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy,
Darin Mano
ABSENT: Amy Fowler
Final Result: 6 – 0 Pass
Jennifer Bruno gave a brief overview of the ordinances.
Abdirizak Ibrahim spoke to the need of improving the Westside of Salt Lake City and
reviewed the continued issues with homelessness and crime rates.
Allen Sanderson and Allison Jones spoke to the water budget stating the following:
•In support of the rate increase
•Tier the rates to usage
•Need to remove the water assessment from property taxes
•Should be moved to the base rate and use rates
•Ordinances required to reduce watering at specific times and dates
Sarah Bushman spoke to the homeless situation in Salt Lake City, the need for more
housing, voucher programs being over extended along with apartment waiting lists,
asked if there was there a way for the State to help with the issue.
Chris Robstock spoke to the urgent need to repair streets in District 1 and throughout
the City.
Duke Heninger spoke to the need for sidewalks in the area of 1000 East.
H.POTENTIAL ACTION ITEMS:
1.Ordinance: Budget Amendment No.6 for Fiscal Year 2022-23
The Council will consider adopting an ordinance that would amend the final budget of
Salt Lake City, including the employment staffing document, for Fiscal Year 2022-23.
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 for adapting the Seven Canyons Fountain at Liberty Park
into a dry art piece, a roof replacement for the Steiner Aquatics Center, and several
proposals to use American Rescue Plan Act (ARPA) funding for revenue replacement and
a $10 million contribution to the Perpetual Housing Fund of Utah among other items.
For more information on this item visit https://tinyurl.com/SLCFY23
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - Tuesday, May 2, 2023
Set Public Hearing Date - Tuesday, April 18, 2023
Hold hearing to accept public comment - Tuesday, May 2, 2023 at 7 p.m.
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 16, 2023
17
TENTATIVE Council Action - Tuesday, May 16, 2023
Staff Recommendation - Refer to motion sheet(s).
Motion:
Moved by Councilmember Mano, seconded by Councilmember Dugan to
adopt Ordinance 21 of 2023. amending the Fiscal Year 2023 final budget of
SLC including the employment staffing documents only for items as shown
on the motion sheet.
A-2: Additional One-time Funding for Advantage Services’ Mobile Clean
Team ($300,000 from Rescope of CAN Personnel Vacancy Savings)
A-3: Repurpose Operation Rio Grande Funds for New Homeless Services
($73,418 from Recaptured Operations Rio Grande Funds)
A-9: Natural Gas Cost Increase ($635,000 from General Fund Balance of
which $135,000 to the Fleet Fund)
A-11: Environmental Assessment Additional Funding ($50,000 from General
Fund Balance)
A-14: Additional ARPA Revenue Replacement ($4 Million from General Fund
Balance to the RDA’s Westside Community Initiative for 9-Line Project Area
Property Acquisition)
Note the other proposed funds for this item will be considered by the
Council at a future date.
E-3: State Homeless Shelter Cities Mitigation Grant FY2023 Revision
($110,000 Rescope of Existing Grant Funds and $50,000 Reappropriation for
Advantages Services from Prior Award)
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy,
Darin Mano
ABSENT: Amy Fowler
Final Result: 6 – 0 Pass
2.Resolution: Issuance of Airport Revenue Bonds, Series 2023 for Financing
the Construction of the New SLC International Airport
The Council will consider approving a parameters resolution authorizing the issuance and
sale of not more than $600,000,000 aggregate principal amount of one or more series of
Airport Revenue Bonds, series 2023, for the purpose of financing certain Capital
Improvements to the Salt Lake City International Airport. The Council's action includes
authorizing the execution of a supplemental indenture, a bond purchase agreement, and
other documents as required.
For more information on this item visit https://tinyurl.com/SLCAirports
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - Tuesday, May 9, 2023
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 16, 2023
18
Set Public Hearing Date - Tuesday, May 16, 2023
Hold hearing to accept public comment - Tuesday, June 6, 2023 at 7 p.m.
TENTATIVE Council Action - Tuesday, May 16, 2023
Staff Recommendation - Refer to motion sheet(s).
Motion:
Moved by Councilmember Petro, seconded by Councilmember Dugan to
adopt Resolution 16 of 2023, for the airport revenue bond and recognize the
date set for a public hearing was scheduled June 6, 2023.
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy,
Darin Mano
ABSENT: Amy Fowler
Final Result: 6 – 0 Pass
I.COMMENTS:
1.Questions to the Mayor from the City Council.
No questions
2.Comments to the City Council. (Comments are taken on any item not scheduled
for a public hearing, as well as on any other City business. Comments are limited
to two minutes.)
Council Member Puy reviewed the rules of decorum.
Robert Comstock spoke regarding issues surrounding Richards Street, including the
replacement of homes with parking lots, the increase in unsheltered individuals that were
camping in the parking lot, traffic calming was desperately needed off of 2100 South
along Richard Street, asked Council Member Mano to schedule a time to meet over the
issues.
Michael Fraizer spoke to various issues with living in the City and how he was trying to
better his life here.
Maisie (no last name) spoke to the need for more affordable housing in the City and
helping the unsheltered.
J.NEW BUSINESS:
NONE.
K.UNFINISHED BUSINESS:
1.Ordinance: Economic Development Revolving Loan Fund – Trackland, LLC
The Council will consider adopting an ordinance that would approve a $350,000 loan for
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 16, 2023
19
Trackland, LLC., at 2117 East Wilson Avenue from the Economic Development Loan Fund
(EDLF). Trackland, LLC is a Sugar House based software as a service (SaaS) company
that is an add on to Salesforce that improves its function. This loan will assist in the
creation of 20 new jobs in the next year and retention of 8 current jobs.
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - Tuesday, May 2, 2023
Set Public Hearing Date - n/a
Hold hearing to accept public comment - n/a
TENTATIVE Council Action - Tuesday, May 16, 2023
Staff Recommendation - Refer to motion sheet(s).
Motion:
Moved by Councilmember Dugan, seconded by Councilmember Petro to
adopt Ordinance 22 of 2023 approving a $350,000 loan for Trackland, LLC,
from the Economic Development Loan Fund.
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy,
Darin Mano
ABSENT: Amy Fowler
Final Result: 6 – 0 Pass
L.CONSENT:
1.Resolution: Issuance of Airport Revenue Bonds, Series 2023 for Financing
the Construction of the New SLC International Airport
The Council will set the date of Tuesday, June 6, 2023 at 7 p.m. to accept public comment
for a parameters resolution authorizing the issuance and sale of not more than
$600,000,000 aggregate principal amount of one or more series of Airport Revenue
Bonds, series 2023, for the purpose of financing certain Capital Improvements to the Salt
Lake City International Airport. The Council's action includes authorizing the execution of
a supplemental indenture, a bond purchase agreement, and other documents as required.
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - Tuesday, May 9, 2023
Set Public Hearing Date - Tuesday, May 16, 2023
Hold hearing to accept public comment - Tuesday, June 6, 2023 at 7 p.m.
TENTATIVE Council Action - Tuesday, May 16, 2023
Staff Recommendation - Set date.
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 16, 2023
20
2.Ordinance: Salt Lake School District Signs
The Council will set the date of Tuesday, June 6, 2023 at 7 p.m. to accept public comment
and consider adopting an ordinance that would amend the zoning text of Section
21A.46.052 of the Salt Lake City Code pertaining to pole signs on school
properties. Public and private schools are located in various zoning districts around the
City, and not all of the zoning districts permit freestanding pole signs. The signs are used
to educate the community about activities at the school. Petitioner: Paul Schulte
representing the Salt Lake City School District, Petition No.: PLNPCM2021-00190
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - Tuesday, May 16, 2023
Set Public Hearing Date - Tuesday, May 16, 2023
Hold hearing to accept public comment - Tuesday, June 6, 2023 at 7 p.m.
TENTATIVE Council Action - Tuesday, June 13, 2023
Staff Recommendation - Set date.
3.Grant Holding Account Items (Batch No. 8) for Fiscal Year 2022-23
The Council will consider approving Grant Holding Account Items (Batch No. 8) for
Fiscal Year 2022-23.
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 - n/a
TENTATIVE Council Action - Tuesday, May 16, 2023
Staff Recommendation - Approve.
4.Board Appointment: Sister Cities Board – Ricardo Becerra
The Council will consider approving the appointment of Ricardo Becerra to the Sister
Cities Board for a term ending July 6, 2027.
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - Tuesday, May 16, 2023
Set Public Hearing Date - n/a
Hold hearing to accept public comment - n/a
TENTATIVE Council Action - Tuesday, May 16, 2023
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 16, 2023
21
Staff Recommendation - Approve.
5.Board Appointment: Sister Cities Board – Ronald Joe Zeidner
The Council will consider approving the appointment of Ronald Joe Zeidner to the Sister
Cities Board for a term ending July 6, 2027.
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - Tuesday, May 16, 2023
Set Public Hearing Date - n/a
Hold hearing to accept public comment - n/a
TENTATIVE Council Action - Tuesday, May 16, 2023
Staff Recommendation - Approve.
6.Board Appointment: Sister Cities Board – Ahimara Suarez
The Council will consider approving the appointment of Ahimara Suarez to the Sister
Cities Board for a term ending July 6, 2027.
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - Tuesday, May 16, 2023
Set Public Hearing Date - n/a
Hold hearing to accept public comment - n/a
TENTATIVE Council Action - Tuesday, May 16, 2023
Staff Recommendation - Approve.
7.Board Reappointment: Sister Cities Board – Olga Efimova
The Council will consider approving the reappointment of Olga Efimova to the Sister
Cities Board for a term ending July 6, 2027.
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 - n/a
TENTATIVE Council Action - Tuesday, May 16, 2023
Staff Recommendation - Approve.
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 16, 2023
22
8.Board Reappointment: Sister Cities Board – Sheri Sorensen
The Council will consider approving the reappointment of Sheri Sorensen to the Sister
Cities Board for a term ending July 6, 2027.
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 - n/a
TENTATIVE Council Action - Tuesday, May 16, 2023
Staff Recommendation - Approve.
Motion:
Moved by Councilmember Wharton, seconded by Councilmember Dugan to
approve the Consent agenda.
AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin
Mano
ABSTAIN: Amy Fowler
Final Result: 6 – 0 Pass
M.ADJOURNMENT:
MINUTES OF THE SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 16, 2023
23
Meeting adjourned at 8:00 pm
Council Minutes Approved:
RDA Minutes Approved:
LBA Minutes Approved:
_______________________________
City Council Chair Darin Mano
_______________________________
Redevelopment Agency Chair Alejandro Puy
_______________________________
Local Building Authority Chair Darin Mano
_______________________________
City Recorder
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 City
Council, RDA, and LBA meeting held Tuesday, May 16, 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 SALT LAKE CITY COUNCIL, LOCAL BUILDING AUTHORITY
AND REDEVELOPMENT AGENCY
Tuesday, May 16, 2023
24
REDEVELOPMENT AGENCY of SALT LAKE CITY
SALT LAKE CITY CORPORATION
451 SOUTH STATE STREET, ROOM 118 WWW.SLC.GOV · WWW.SLCRDA.COM
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 21, 2023
PREPARED BY: Ashley Ogden, Senior Project Manager
RE: Depot District Stormwater Detention Relocation Project
REQUESTED ACTION: Allocation of Depot District Infrastructure Improvement Funds for
relocation of stormwater detention system at 233 S. 600 West
RECOMMENDATION: Consider approving an allocation of $200,000 to support the stormwater
detention relocation project
BUDGET IMPACTS: $200,000 from Depot District Project Area Fund’s Infrastructure
Improvements Program
EXECUTIVE SUMMARY:
On September 29, 2020, the RDA Board authorized the use of up to $1.2 million for the acquisition of
property located at 233 S. 600 West, and relocation of an underground stormwater detention system that
exists on site. The RDA is obligated to complete the relocation project per a development agreement that
was executed with the former property owner at closing. The SLC Engineering Division recently
advertised the project for construction bids, and costs are higher than anticipated. This request is for an
additional $200,000 from the Depot District Project Area Fund’s Infrastructure Improvements Program to
fill the construction funding gap and allow the RDA to fulfill its obligations per the development
agreement. If the additional funding is approved, the total relocation project budget is estimated at
$504,404. The rest of the budget would include remaining funds from the original $1.2 million allocation.
ANALYSIS & ISSUES:
On September 29, 2020, the RDA Board conducted a straw poll to release $1.2 million in funds for the
acquisition of property located at 233 S. 600 West, and relocation of an underground stormwater
detention system that exists on site. The detention system serves adjacent privately-owned properties but
consumes a large portion of the acquired site area; as such, the RDA recognized that the system would
need to be relocated to accommodate future development. At closing of the property acquisition in May
2022, a development agreement was executed that committed the RDA to relocating the system within an
area that is planned to become a private alleyway as part of the larger Station Center redevelopment
project.
The SLC Engineering Division recently advertised the project for construction bids, and costs are higher
than anticipated. This request is for an additional $200,000 from the Depot District Project Area Fund’s
Infrastructure Improvements Program to fill the construction funding gap and allow the RDA to fulfill its
obligations per the development agreement. The current balance of the Infrastructure Improvements
Program in the Depot District Project Area Fund is $5,420,186, which would be reduced to $5,220,186 if
the additional $200,000 is reallocated to this project.
NEXT STEPS:
If the RDA Board approves the allocation of additional funds for the stormwater detention relocation
project, RDA Staff will direct the SLC Engineering Division to accept the optimal bid and move forward
with negotiation of a construction contract.
PREVIOUS BOARD ACTION:
On September 29, 2020, the RDA Board authorized the use of up to $1.2 million for the acquisition of
property located at 233 S. 600 West, and relocation of an underground stormwater detention system that
exists on site.
ATTACHMENTS:
A. Site Map
ATTACHMENT A
Site Map
September 2020
$1.2 million allocated for acquisition of
property and relocation of underground
stormwater detention system
May 2022
RDA acquired property and executed
development agreement that commits
RDA to relocating detention system
July 2023
SLC Engineering advertised project for
construction bids; bids higher than estimated
Requested BOD action:
Allocation of $200,000 from Depot District
Area Fund's Infrastructure Improvements
Program
Stormwater Detention
Relocation at 233 S. 600 West
SALT LAKE CITY CORPORATION
451 SOUTH STATE STREET, ROOM 118 WWW.SLC.GOV · WWW.SLCRDA.COM
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
REDEVELOPMENT AGENCY of SALT LAKE CITY
STAFF MEMO
DATE: July 21, 2023
PREPARED BY: Danny Walz, Director
RE: Redevelopment Agency of Salt Lake City Tenant Wealth Building
Initiative led by the Perpetual Housing Fund of Utah, LLC (PHF)
REQUESTED ACTION: Review, and consider approving via resolution, the proposed Term
Sheet
POLICY ITEM: Affordable housing
BUDGET IMPACTS: $10 million in American Rescue Plan Act funds (Rescue Plan Funds)
EXECUTIVE SUMMARY
When the City first received notice of the significant Rescue Plan Funds that it would receive,
the Administration set out to identify the principles by which it would propose this money be
allocated. In addition to taking care of the City’s most urgent needs (revenue replacement, public
safety, and emergency shelter), the Administration’s goal is to allocate a large portion of Rescue
Plan Funds in a way that leverages private investment and creates lasting, generational changes
for families in Salt Lake City.
This proposal, to be carried out in partnership with the Perpetual Housing Fund of Utah, LLC
(PHF), provides funding for an affordable housing development with a unique tenant wealth
building program. The City’s funds are anticipated to be used as transformational seed funds for
development costs, including the cost for PHF to acquire existing structures to construct
affordable units. With the help of other partners and the leveraging of City funds, PHF’s ultimate
organizational goal is to provide approximately 1,000 safe, stable, and affordable homes in Salt
Lake City that benefit individuals and families by helping them build income. Over the next 20
years, PHF anticipates that this investment will translate into $50 million in the hands of lower-
and middle-income City residents.
1
On June 6, 2023, Salt Lake City Council adopted an ordinance to amend the final budget of Salt
Lake City, which included the approval of a $10 million contribution in Rescue Plan Funds to
PHF, contingent on the Council’s approval of an associated term sheet. This memo reviews
PHF’s proposal and the terms or conditions upon which the approved funding would be released
to the organization.
The $10 million in Rescue Plan Funds would be provided to PHF of Utah to acquire a
condominiumized portion of the larger project located at 515 East 100 South. These funds
would be committed to acquiring and developing 60+ units that will be affordable to those
earning 25% to 50% of the area median income (AMI) along with participation in PHF’s tenant
wealth building initiative. As part of this agreement, PHF plans to develop over 1,000 affordable
units within the next 20 years.
The purchase of the 515 East 100 South property is currently under contract by 515 Tower LLC,
an entity owned by PHF of Utah and Rocky Mountain Homes Fund (RMHF). Once the property
has been condominiumized, and all other conditions precedent have been met, the Rescue Plan
Funds will be used to buy the condominiumized portion of the building and RMHF will fully exit
the 515 Tower LLC. RMHF’s primary interest will be in a second phase of development – future
new construction on a portion of the property, which will be owned by a separate entity. None of
the City’s Rescue Plan Funds will be spent on this second phase.
BACKGROUND/DISCUSSION
About the Perpetual Housing Fund of Utah
PHF is a Utah non-profit affordable housing organization whose mission is to reimagine existing
housing programs to share profits with PHF project residents. PHF exists to help remove
financial barriers that keep a rapidly expanding portion of population from building wealth
where they live. Unlike other non-profit affordable housing development entities that use profits
to build more affordable units, PHF will share their profits with residents in a variety of ways, as
detailed in the next section.
PHF plans to develop projects in Salt Lake City that provide rent and income restricted
affordable units. PHF anticipates breaking ground on two affordable housing projects in Salt
Lake City in 2024 that will serve those at 25-120% AMI. From there, they plan to develop over
1,000 affordable units over the next two decades. PHF’s first two projects will be located in Salt
Lake City, with a priority to acquire additional land in the City for subsequent projects.
Through this investment from the City, PHF will be able to develop wealth-building affordable
housing units at the 515 East 100 South location, and ensure that future PHF projects are not
driven by maximizing return to financial investors but rather remain committed to sharing wealth
with PHF project residents.
2
How the profit-sharing model works
PHF projects are anticipated to be financed with traditional affordable housing resources and
may include Low Income Housing Tax Credits (LIHTCs). Under PHF’s model, PHF will share
with PHF project residents the majority of profits generated from annual cash flow, long-term
equity generation, and future refinance and sale proceeds. The amount of cash flow and profit
(which will translate into payouts to the tenants) will largely depend on annual rent increases and
the paydown of the project’s mortgage. Over the past several years, area median incomes (AMIs)
have been increasing much faster than is projected when development projects are underwritten
and financed. With LIHTC-funded projects, rental rates are tied to AMIs and, as such, rents have
been increasing faster than projected. Traditional developers and their investors have been
receiving the financial benefits of these rapidly escalating rents that increase annual cash flow of
the project. Instead of reaping these benefits for the developer and investors, PHF would share
these financial benefits with PHF project residents.
PHF has established a nonprofit tenant entity that will have a permanent interest in the
development and the contractual obligation to ensure PHF project residents will receive profits
from the project. The ownership and profits-interest structure will vary slightly, depending on if
the project utilizes LIHTCs and has a tax credit investor in the ownership structure during the
first years after a PHF project is placed into service. The ownership structure and profits-interest
will generally be as follows:
LIHTC PROJECTS: YEAR 1 – 15
OWNERSHIP
%
PROFIT
%
LIHTC INVESTOR 99.99% 10%
PHF & FUND
INVESTORS 0.01% 15%
RESIDENTS/TENANT
NPO 0.00% 75% NON LIHTC PROJECTS &
LIHTC PROJECTS: YEAR 16 +
OWNERSHIP % PROFIT %
PHF & FUND
INVESTORS 99.99% 25.00%
RESIDENTS/TENANT
NPO 0.00% 75.00%
The profits-interest not otherwise allocated to the PHF project residents will offset costs
associated with developing and managing the units. PHF project residents will not have
3
ownership or shares in the real estate itself. Rather, there will be an agreement between the
tenant nonprofit entity and the PHF project residents to distribute proceeds in the following
ways.
• Annual rent rebate – A portion of the project’s annual cash flow (profit after collecting
all rent and other income, paying all operating expenses, paying debt service, and setting
aside cash reserves for future repairs) that would typically be received by the developer
will be allocated to current PHF project residents as a rent rebate via cash payment to be
distributed on an annual basis.
• Profit payout – When there is an event that generates profit, or further cashflow
(refinance, exit of the limited partner, etc.), all the cumulative residents over time will
receive a payment that represents a proportionate share of the available profit. The
proportion of the profit a household receives will depend on the length of time they lived
in a PHF unit. With projects that involve LIHTCs, the profit generating event will often
happen 15 years after the project is placed into service because that's when the tax credits
end and the LIHTC investor exits the ownership structure.
• Profit advance – PHF will set aside a portion of its initial developer fee for the project to
fund a 0%, zero payment revolving fund to help PHF project residents access a portion
of their anticipated profits early in the event of an emergency or major life event
(medical, educational, entrepreneurial, etc.). These funds are replenished from the PHF
project resident’s share of profit whenever a profit payout would naturally happen.
• Profit tradeup – PHF will be co-developing hundreds of units with the Rocky Mountain
Homes Fund (RMHF), an entity that provides a missing-middle home ownership option
for households making 60-120% AMI (and occasionally less). Subject to availability,
PHF tenants will be able to transfer their accruals from a PHF project for a 1:1 reduction
in purchase price on a RMHF home.
PROJECT DETAILS
515 East 100 South
• Adaptive reuse of an existing office building and new construction of an additional
building, to occur in phases.
• This property will have multiple social-equity based future uses and is slated to be
acquired by Fall 2023. The floors on which affordable units are constructed will be
condominiumized and separated and then sold to PHF prior to Rescue Plan Funds being
utilized on the project. The $10 million in Rescue Plan Funds would be used by PHF to
purchase the condominiumized portion of the overall building.
o Phase 1: Adaptive reuse.
Estimated to begin construction Q2 2024 and be completed by the end of
2024.
4
60 or more units with a mix of studios, 3-Bedrooms, and 4-Bedrooms
located on floors 3-11 of the existing office tower.
All 60+ residential units will be affordable to incomes at 25-50% of AMI.
Currently slated to also include profit-sharing coworking/office model
similar to PHF in other floors.
o Phase 2: New building. (Note: Depending on PHF’s pipeline, PHF may choose to
begin a different project in Salt Lake City with more units prior to beginning this
project which could delay or alter the amount of units in this project.)
Estimated to begin construction Q3 2024 and be completed in 2026.
Approximately 40 new units (depending on final construction
estimates/cost constraints) with a planned mix of 5% Studios, 25% 3-
Bedroom, and 70% 2-Bedroom (depending on final construction
estimates/cost constraints)
All ~40 units will be PHF affordable to (25-50% AMI)
Affordable daycare on bottom floor, available to building users and
community members of all incomes.
CONDITIONS FOR FUNDING
The Administration (acting through the RDA) and PHF must execute a funding agreement with
conditions to ensure that Rescue Plan Funds are deployed in accordance with federal regulations
and in a manner that brings the greatest public benefit for City residents and prospective
residents. These conditions have been outlined on the Term Sheet under Attachment A for the
Board’s review. As a condition of the $10 million budget allocation, the Board must review and
approve the Term Sheet. The Term Sheet will also serve as a Concerted Community
Revitalization Plan (CCRP), which demonstrates a commitment from a local government and
community based organization to develop affordable housing but also to further invest in the
communities where the affordable housing is developed. By utilizing the Term Sheet as CCRP,
PHF will likely garner additional points for their upcoming LIHTC application and help ensure
an accelerated delivery of their affordable units.
NEXT STEPS
The Board should review the Term Sheet included under Attachment A to determine if adequate
for future approval.
ATTACHMENTS
A. Redlined Term Sheet
B. Resolution: Funding Agreement Term Sheet – Perpetual Housing Fund
5
ATTACHMENT A: REDLINED TERM SHEET
6
ATTACHMENT A
DRAFT
EXHIBIT A: FUNDING AGREEMENT TERM SHEET
Redevelopment Agency of Salt Lake City
Tenant Wealth Building Initiative
A Concerted Community Revitalization Plan between the Redevelopment Agency of Salt Lake City
and The Perpetual Housing Fund of Utah, LLC
Funding Agreement Term Sheet Perpetual Housing Fund
Purpose
The purpose of this Tenant Wealth Building Initiative is to address the diminishing opportunities for
homeownership and historically unequal access to real estate wealth and equity within Utah’s capital
city. This initiative’s cooperation between the Redevelopment Agency of Salt Lake City (RDA) and The
Perpetual Housing Fund of Utah, LLC (PHF) seeks to foster the creation of affordable, missing middle,
and entry-level housing that aides in creating meaningful wealth and financial equity for city residents.
Parties
The Perpetual Housing Fund of Utah, LLC, a Utah limited liability company (PHF), and the
Redevelopment Agency of Salt Lake City (RDA).
Property
515 East 100 South, Salt Lake City, Utah 84102
Project Description and Affordability
PHF will use the Rescue Plan Funds by June 30, 2024 to acquire real property that will have been
converted into large condominiums that will be subsequently subdivided into 60 or more residential units
in the existing building at 515 eastEast 100 southSouth (515 Project). These units will be converted from
office spaces to residential apartments and will be affordable to those at 25-55% of the area median
income (AMI). The 515 Project tenants will participate in the tenant wealth building initiative, which
shares the profits of the residential project through rent rebates, profit payouts, profit advances, and profit
trade-ups.
Proposed Funding Terms
•• Amount: $10 million in America Rescue Plan Act funds (Rescue Plan Funds).
•• Term: Concurrently with the distribution of the Rescue Plan Funds, PHF shall record a restriction
against the condominiumized portion of the building that obligates PHF to develop 60 or more
rent andrestricted apartments at 25-50% AMI that will be income restricted apartments for those
at 25-55% AMI for 50 years. The restriction will also require the wealth building initiative to be
maintained for a term of 50 years (the Restrictive Covenant).
•• Disbursement: One lump sum upon meeting the conditions for funding, as detailed below. PHF
will not be required to repay the funds like a traditional loan.
Style Definition: Body Text
Style Definition ...
Style Definition: Heading 2
Style Definition: Heading 1
Style Definition: Normal: Font: 12 pt, Widow/Orphan
control, Adjust space between Latin and Asian text,
Adjust space between Asian text and numbers
Formatted: Font: 16 pt, Bold
Formatted ...
Formatted ...
Formatted: Font: 12 pt
Formatted ...
Formatted: Not Expanded by / Condensed by
Formatted ...
Formatted: Font: Not Bold
Formatted ...
Formatted ...
Formatted ...
Formatted: Font: 12 pt
Formatted ...
Formatted: Normal, Line spacing: Multiple 1.07 li
Formatted ...
Formatted ...
Formatted ...
Formatted: Font: 12 pt
Formatted: Font: Bold
Formatted: Normal, Line spacing: Multiple 1.07 li
Formatted ...
Formatted ...
Formatted ...
Formatted ...
Formatted: Font: 12 pt
Formatted: Font: Bold
Formatted ...
Formatted ...
Formatted: Font: Times New Roman
Formatted ...
Formatted ...
Formatted ...
Formatted ...
7
•• Return on Investment: As permitted by the American Rescue Plan Act (ARPA), as a
transformational seed funder, the RDA will be treated like an equity investor in PHF and receive
a 2-6% return paid annually every year.
•• Use of Funds: PHF must deploy 100% of the funds by June 30, 2024 on ARPA eligible uses.
• Additional Projects: For non-monetary consideration in addition to the $10 million investment,
PHF will commit to developing additional affordable housing projects in Salt Lake City. More
specifically, by year 20, PHF or its affiliates and subsidiaries will have
Formatted ...
Formatted ...
Formatted ...
8
• developed 1,000 additional units in Salt Lake City that will be affordable for those between 25%
and 65% AMI. These additional projects shall also include the tenant wealth building initiative
and, if new construction, will achieve an energy star score of 90 or higher, participate in the
City’s Elevate Buildings Program, and be designed to operate without onsite fossil fuel
combustion.
•• Waiver of Sustainable Development Policy: PHF’s is obligations to comply with the RDA’s
Sustainable Development Policy may be waived, if necessary, in part due to the adaptive reuse
element of the 515 Project as well as PHF’s commitment to incorporate these standards into the
new construction of the additional projects, even though such incorporation is not required under
the policy.
Conditions for RDA to Distribute Funds
Prior to dispersing the Rescue Plan Funds, the PHF will complete the following:
•• PHF will be ready to close on the acquisition of the condominium spaces within which to build 60
or more affordable apartments on or before June 30, 2024. Implied in this requirement is that
PHF’s predecessor-in-interest will have acquired the Property and condominiumized the Property
so the portions within which the residential apartments will be constructed can be acquired by
PHF.
•• PHF and RDA will agree on the form of the Restrictive Covenant to be recorded against the
Property concurrently with funding. The Restrictive Covenant will require PHF to maintain, for a
term of 50 years, 60 or more affordable housing units at 25-55% AMI, maintain a mix of unit
sizes, and the following wealth building opportunities for tenants:
o Annual rent rebate – A portion of the project’s annual cash flow (profit after collecting all
rent and other income, paying all operating expenses, paying debt service, and setting
aside cash reserves for future operations and repairs) that would typically be received by
the owner will be allocated to current PHF project residents as a rent rebate via cash
payment to be distributed on an annual basis.
o Profit payout – When there is a capital transaction event that generates profit, or further
cashflow (refinance, exit of the limited partner, etc.), all the cumulative residents over
time will receive a payment that represents a proportionate share of the available profit.
The proportion of the profit a household receives will depend on the length of time they
lived in a 515 Project unit. With projects that involve Low Income Housing Tax Credits
(LIHTC), the profit generating event will often happen at the end of the LIHTC
compliance period, which is typically 15 years after the project is placed into service.
o Profit advance – PHF will set aside a portion of its initial developer fee for the project
to fund a 0%, zero payment revolving fund to help PHF project residents access a
portion of their anticipated profits early in the event of an emergency or major life event
(medical, educational, entrepreneurial, etc.). Disbursements
Formatted: List Paragraph, Right: 0", Space Before: 0
pt, Line spacing: Multiple 1.07 li, Bulleted + Level: 1 +
Aligned at: 0.25" + Indent at: 0.5"
Formatted ...
Formatted ...
Formatted: Normal, Line spacing: Multiple 1.07 li
Formatted: Font: 12 pt
Formatted: Font: Bold
Formatted: Normal, Space Before: 0 pt, Line spacing:
Multiple 1.07 li
Formatted ...
Formatted: Normal, Indent: Left: 0", Space Before: 0
pt, Line spacing: Multiple 1.07 li
Formatted ...
Formatted: Font: Times New Roman
Formatted: Right: 0", Space Before: 0 pt, Line spacing:
Multiple 1.07 li, Bulleted + Level: 1 + Aligned at: 0.25" +
Indent at: 0.5", Tab stops: Not at 0.96"
Formatted ...
Formatted ...
Formatted ...
Formatted ...
Formatted ...
9
o made to a PHF project resident from this revolving fund will be replenished from the PHF
project resident’s share of profit whenever a profit payout would naturally happen.
o Profit tradeup – PHF will be co-developing hundreds of units with other impact partners
that target missing middle home ownership opportunities for households making 60%-
120% AMI (and occasionally less). Subject to availability, PHF tenants will be able to
transfer their accruals from a PHF project for a 1:1 reduction in purchase price on these
homes.
•• PHF shall establish all required legal entities to fulfill the profit-sharing obligations and
demonstrate such establishment to RDA’s satisfaction.
•• Receive approval from the RDA and the City Attorney’s Office on all matters pertaining to title,
legality of the funding agreement, and the legality, sufficiency, and form and substance of all
other documents that are deemed reasonably necessary for the funding transaction.
•• Provide evidence of insurance in such amounts and with such coverage as deemed necessary by
the RDA.
PHF’s Obligations after the Funds are Distributed
•• Prior to the Rescue Plan Funds being distributed, PHF and RDA will agree on the form of a
funding agreement. The funding agreement will require PHF to do the following after the funds
are distributed:
o PHF shall demonstrate to RDA’s satisfaction, sufficient sources of project financing for
the 515 Project. Sources of financing must equal the total project cost.
o PHF shall disclose identity of interest relationships within the 515 Project.
o PHF will have applied for Low Income Housing Tax Credits for the 515 Project by June
30, 2024.
o PHF shall obtain all required city approvals to convert the 515 Project office spaces to
residential units, including all necessary approvals from the City’s Planning and building
services’ division. Additionally, PHF will commit to commencing and diligently pursing
the completion of construction.
o PHF will provide RDA biannual progress reports on the construction and operation of the
units.
o PHF will agree to implement an equitable process for tenant selection and as permitted by
law, potentially prioritize certain applications.
o PHF agrees to commit an additional $500,000.00 in additional funds to the 515 Project for
assets beneficial to the greater neighborhood such as retail services, childcare services,
and/or impact-focused office space that directly increases jobs in the area. PHF agrees that
it will make a financial investment into community assets in each of its future projects that
address a need of the greater community.
o PHF will commit to develop additional affordable housing projects in Salt Lake City to
meet the following terms and conditions:
▪ Within 20 years, PHF or its affiliates and subsidiaries will have developed 1,000
affordable housing units inwithin Salt Lake City for those at 65% AMI and below.
Formatted: List Paragraph, Right: 0", Space Before: 0
pt, Line spacing: single, Outline numbered + Level: 2 +
Numbering Style: Bullet + Aligned at: 0.75" + Tab after:
1" + Indent at: 1"
Formatted ...
Formatted ...
Formatted ...
Formatted ...
Formatted ...
Formatted: Normal, Line spacing: Multiple 1.07 li
Formatted: Font: 12 pt
Formatted: Font: Bold
Formatted: Normal, Space Before: 0 pt, Line spacing:
Multiple 1.07 li
Formatted ...
Formatted: Font: Times New Roman
Formatted: Right: 0", Space Before: 0 pt, Line spacing:
Multiple 1.07 li, Bulleted + Level: 1 + Aligned at: 0.25" +
Indent at: 0.5", Tab stops: Not at 0.96"
Formatted ...
Formatted ...
Formatted: Font: Times New Roman
Formatted: Right: 0", Space Before: 0 pt, Line spacing:
Multiple 1.07 li, Bulleted + Level: 2 + Aligned at: 0.75" +
Indent at: 1", Tab stops: Not at 1.46"
Formatted ...
Formatted ...
Formatted ...
Formatted ...
Formatted: Font: Times New Roman
Formatted: Right: 0", Space Before: 0 pt, Line spacing:
Multiple 1.07 li, Bulleted + Level: 2 + Aligned at: 0.75" +
Indent at: 1", Tab stops: Not at 1.46"
Formatted ...
Formatted ...
10
▪These additional housing units must also participate in the tenant wealth
building initiative as detailed above.
▪All newly constructed PHF projects shall achieve an energy star score of
90 or higher, participate in the City’s Elevate Buildings Program, and be
designed to operate without onsite fossil fuel combustion.
▪All PHF developed projects above $10M in total cost shall build
community retail, workspace, community centers, childcare facilities, or
other catalytic neighborhood amenities within their developments, and
especially along their main floor public frontages.
▪Economic Development Impact: Over the course of 20 years, this
initiative will generate hundreds of millions of dollars in development
activity within Salt Lake City and invest tens of millions of dollars directly
into low and moderate income households that reside in the City’s
neighborhoods.
Defaults and Remedies
Events of default under the restrictive use or funding agreements may include, but are not limited
to:
••PHF fails to construct the 515 Project within the timeframe provided in the funding
agreement.
••PHF fails to maintain the affordability (as required under the Restrictive Covenant) of the
515 Project units or the tenant wealth building initiative in the 515 Project.
••PHF fails to provide regular development reports.
••PHF fails to develop and maintain the additional affordable housing/tenant wealth
building projects in Salt Lake City.
••PHF fails to comply with any other city, state, or federal requirements.
Remedies if PHF fails to cure in the event of a default may include, but are not limited to:
••If PHF does not meet the initial conditions for funding, the RDA will not distribute the
funds.
••Once funds are distributed and upon an event of default, the RDA may:
o File a breach of contract claim, which may include claims for:
▪Liquidated damages,
▪Injunctive relief, and/or
▪Specific performance.
o File a direct action against PHF to comply with their obligations.
o Any other remedies available at law or equity.
Formatted: Font: Times New Roman
Formatted: Left, Right: 0", Space Before: 0 pt, Line
spacing: Multiple 1.07 li, Bulleted + Level: 3 + Aligned
at: 1.25" + Indent at: 1.5", Tab stops: Not at 1.96"
Formatted ...
Formatted ...
Formatted ...
Formatted: Font: 12 pt, Bold
Formatted ...
Formatted: Font: Bold
Formatted: Normal, Line spacing: Multiple 1.07 li
Formatted ...
Formatted ...
Formatted ...
Formatted: Font: Times New Roman
Formatted ...
Formatted ...
Formatted ...
Formatted ...
Formatted ...
Formatted ...
Formatted: Normal, Line spacing: Multiple 1.07 li
Formatted: Font: 12 pt
Formatted ...
Formatted ...
Formatted: Font: Times New Roman
Formatted ...
Formatted ...
Formatted ...
Formatted ...
Formatted ...
Formatted ...
Formatted ...
Formatted ...
Formatted ...
Formatted ...
Formatted ...
Formatted ...
11
ATTACHMENT B: RESOLUTION
12
REDEVELOPMENT AGENCY OF SALT LAKE CITY
RESOLUTION NO. _______________
Adopting Term Sheet and Waiver of the Sustainable Development Policy
for The Perpetual Housing Fund of Utah, LLC at the 515 Project
RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY
OF SALT LAKE CITY APPROVING TERM SHEET AND WAIVING THE SUSTAINABLE
DEVELOPMENT POLICY FOR THE PERPETUAL HOUSING FUND OF UTAH, LLC AT
THE 515 EAST PROJECT
WHEREAS, the Redevelopment Agency of Salt Lake City (RDA) 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, on April 11, 2023, the RDA’s Board of Director’s (Board) approved
resolution R-8-2023 adopting housing funding priorities, which among other things, prioritized
funding for housing projects that facilitate the ability for low to moderate income households to
build wealth.
WHEREAS, The Perpetual Housing Fund of Utah, LLC (PHF) is an affordable housing
developer whose mission is to reimagine existing affordable housing programs to share profits
with, and consequently build wealth for, PHF tenant residents.
WHEREAS, PHF is developing an affordable housing project at 515 East 100 South (515
Project) in which existing office spaces will be converted to residential apartments and will be
affordable to those at 25-55% of the area median income. Additionally, the 515 Project tenants
will participate in a tenant wealth building initiative, which shares the profits of the residential
project through rent rebates, profit payouts, profit advances, and profit trade-ups. PHF has also
committed to developing over 1,000 affordable units in Salt Lake City over the next 20 years.
WHEREAS, on June 6, 2023, the Salt Lake City Council amended the City’s final budget
for fiscal year 2023 and set aside $10 million of the City’s American Rescue Plan Act funds to be
distributed by the RDA to PHF on the condition that the Board approve the final Fundin g
Agreement Term Sheet.
WHEREAS, the RDA staff recommends the Board approve the attached Term Sheet for
the funding agreement for PHF and the 515 Project. Additionally, the RDA staff recommends
approving a waiver of the Sustainable Development Policy for the 515 Project as this project is an
adaptive reuse of an existing building and PHF has committed to incorporate the Sustainable
Development Policy standards into new construction of additional affordable housing projects.
13
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the
Redevelopment Agency of Salt Lake City that it approves the distribution of the funds pursuant
to the terms outlined in the Term Sheet attached hereto, subject to revisions that do not
materially affect the rights and obligations of the RDA hereunder. Further, the Board authorizes
the waiver of the Sustainable Development Policy for the 515 Project. The Board authorizes the
Executive Director to negotiate and execute the Funding Agreement 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, 2023.
_________________________________
Alejandro Puy, Chair
Approved as to form: __________________________________
Salt Lake City Attorney’s Office
Allison Parks
Date:_______________________
The Executive Director:
____ does not request reconsideration
____ requests reconsideration at the next regular Agency meeting.
________________________________
Erin Mendenhall, Executive Director
Attest:
________________________
City Recorder
July 21, 2023
14
EXHIBIT A: FUNDING AGREEMENT TERM SHEET
Redevelopment Agency of Salt Lake City
Tenant Wealth Building Initiative
A Concerted Community Revitalization Plan between the Redevelopment Agency of Salt Lake
City and The Perpetual Housing Fund of Utah, LLC
Funding Agreement Term Sheet
Purpose
The purpose of this Tenant Wealth Building Initiative is to address the diminishing opportunities
for homeownership and historically unequal access to real estate wealth and equity within Utah’s
capital city. This initiative’s cooperation between the Redevelopment Agency of Salt Lake City
(RDA) and The Perpetual Housing Fund of Utah, LLC (PHF) seeks to foster the creation of
affordable, missing middle, and entry-level housing that aides in creating meaningful wealth and
financial equity for city residents.
Parties
The Perpetual Housing Fund of Utah, LLC, a Utah limited liability company (PHF), and the
Redevelopment Agency of Salt Lake City (RDA).
Property
515 East 100 South, Salt Lake City, Utah 84102
Project Description and Affordability
PHF will use the Rescue Plan Funds by June 30, 2024 to acquire real property that will have
been converted into large condominiums that will be subsequently subdivided into 60 or more
residential units in the existing building at 515 East 100 South (515 Project). These units will be
converted from office spaces to residential apartments and will be affordable to those at 25-55%
of the area median income (AMI). The 515 Project tenants will participate in the tenant wealth
building initiative, which shares the profits of the residential project through rent rebates, profit
payouts, profit advances, and profit trade-ups.
Proposed Funding Terms
•Amount: $10 million in America Rescue Plan Act funds (Rescue Plan Funds).
•Term: Concurrently with the distribution of the Rescue Plan Funds, PHF shall record a
restriction against the condominiumized portion of the building that obligates PHF to
develop 60 or more rent restricted apartments at 25-50% AMI that will be income
restricted for those at 25-55% AMI for 50 years. The restriction will also require the
15
wealth building initiative to be maintained for a term of 50 years (the Restrictive
Covenant).
•Disbursement: One lump sum upon meeting the conditions for funding, as detailed
below. PHF will not be required to repay the funds like a traditional loan.
•Return on Investment: As permitted by the American Rescue Plan Act (ARPA), as a
transformational seed funder, the RDA will be treated like an equity investor in PHF and
receive a 2-6% return paid annually every year.
•Use of Funds: PHF must deploy 100% of the funds by June 30, 2024 on ARPA eligible
uses.
•Additional Projects: For non-monetary consideration in addition to the $10 million
investment, PHF will commit to developing additional affordable housing projects in Salt
Lake City. More specifically, by year 20, PHF or its affiliates and subsidiaries will have
developed 1,000 additional units in Salt Lake City that will be affordable for those
between 25% and 65% AMI. These additional projects shall also include the tenant
wealth building initiative and, if new construction, will achieve an energy star score of 90
or higher, participate in the City’s Elevate Buildings Program, and be designed to operate
without onsite fossil fuel combustion.
•Waiver of Sustainable Development Policy: PHF’s obligations to comply with the RDA’s
Sustainable Development Policy may be waived, if necessary, in part due to the adaptive
reuse element of the 515 Project as well as PHF’s commitment to incorporate these
standards into the new construction of the additional projects, even though such
incorporation is not required under the policy.
Conditions for RDA to Distribute Funds
Prior to dispersing the Rescue Plan Funds, the PHF will complete the following:
•PHF will be ready to close on the acquisition of the condominium spaces within which to
build 60 or more affordable apartments on or before June 30, 2024. Implied in this
requirement is that PHF’s predecessor-in-interest will have acquired the Property and
condominiumized the Property so the portions within which the residential apartments
will be constructed can be acquired by PHF.
•PHF and RDA will agree on the form of the Restrictive Covenant to be recorded against
the Property concurrently with funding. The Restrictive Covenant will require PHF to
maintain, for a term of 50 years, 60 or more affordable housing units at 25-55% AMI,
maintain a mix of unit sizes, and the following wealth building opportunities for tenants:
o Annual rent rebate – A portion of the project’s annual cash flow (profit after
collecting all rent and other income, paying all operating expenses, paying debt
service, and setting aside cash reserves for future operations and repairs) that
would typically be received by the owner will be allocated to current PHF project
residents as a rent rebate via cash payment to be distributed on an annual basis.
16
o Profit payout – When there is a capital transaction event that generates profit, or
further cashflow (refinance, exit of the limited partner, etc.), all the cumulative
residents over time will receive a payment that represents a proportionate share of
the available profit. The proportion of the profit a household receives will depend
on the length of time they lived in a 515 Project unit. With projects that involve
Low Income Housing Tax Credits (LIHTC), the profit generating event will often
happen at the end of the LIHTC compliance period, which is typically 15 years
after the project is placed into service.
o Profit advance – PHF will set aside a portion of its initial developer fee for the
project to fund a 0%, zero payment revolving fund to help PHF project residents
access a portion of their anticipated profits early in the event of an emergency or
major life event (medical, educational, entrepreneurial, etc.). Disbursements
made to a PHF project resident from this revolving fund will be replenished from
the PHF project resident’s share of profit whenever a profit payout would
naturally happen.
o Profit tradeup – PHF will be co-developing hundreds of units with other impact
partners that target missing middle home ownership opportunities for households
making 60%-120% AMI (and occasionally less). Subject to availability, PHF
tenants will be able to transfer their accruals from a PHF project for a 1:1
reduction in purchase price on these homes.
•PHF shall establish all required legal entities to fulfill the profit-sharing obligations and
demonstrate such establishment to RDA’s satisfaction.
•Receive approval from the RDA and the City Attorney’s Office on all matters pertaining
to title, legality of the funding agreement, and the legality, sufficiency, and form and
substance of all other documents that are deemed reasonably necessary for the funding
transaction.
•Provide evidence of insurance in such amounts and with such coverage as deemed
necessary by the RDA.
PHF’s Obligations after the Funds are Distributed
•Prior to the Rescue Plan Funds being distributed, PHF and RDA will agree on the form of
a funding agreement. The funding agreement will require PHF to do the following after
the funds are distributed:
o PHF shall demonstrate to RDA’s satisfaction, sufficient sources of project
financing for the 515 Project. Sources of financing must equal the total project
cost.
o PHF shall disclose identity of interest relationships within the 515 Project.
o PHF will have applied for Low Income Housing Tax Credits for the 515 Project
by June 30, 2024.
17
o PHF shall obtain all required city approvals to convert the 515 Project office
spaces to residential units, including all necessary approvals from the City’s
Planning and building services’ division. Additionally, PHF will commit to
commencing and diligently pursing the completion of construction.
o PHF will provide RDA biannual progress reports on the construction and
operation of the units.
o PHF will agree to implement an equitable process for tenant selection and as
permitted by law, potentially prioritize certain applications.
o PHF agrees to commit an additional $500,000.00 in additional funds to the 515
Project for assets beneficial to the greater neighborhood such as retail services,
childcare services, and/or impact-focused office space that directly increases jobs
in the area. PHF agrees that it will make a financial investment into community
assets in each of its future projects that address a need of the greater community.
o PHF will commit to develop additional affordable housing projects in Salt Lake
City to meet the following terms and conditions:
▪Within 20 years, PHF or its affiliates and subsidiaries will have developed
1,000 affordable housing units within Salt Lake City for those at 65%
AMI and below.
▪These additional housing units must also participate in the tenant wealth
building initiative as detailed above.
▪All newly constructed PHF projects shall achieve an energy star score of
90 or higher, participate in the City’s Elevate Buildings Program, and be
designed to operate without onsite fossil fuel combustion.
▪All PHF developed projects above $10M in total cost shall build
community retail, workspace, community centers, childcare facilities, or
other catalytic neighborhood amenities within their developments, and
especially along their main floor public frontages.
▪Economic Development Impact: Over the course of 20 years, this
initiative will generate hundreds of millions of dollars in development
activity within Salt Lake City and invest tens of millions of dollars directly
into low and moderate income households that reside in the City’s
neighborhoods.
Defaults and Remedies
Events of default under the restrictive use or funding agreements may include, but are not limited
to:
•PHF fails to construct the 515 Project within the timeframe provided in the funding
agreement.
18
•PHF fails to maintain the affordability (as required under the Restrictive Covenant) of the
515 Project units or the tenant wealth building initiative in the 515 Project.
•PHF fails to provide regular development reports.
•PHF fails to develop and maintain the additional affordable housing/tenant wealth
building projects in Salt Lake City.
•PHF fails to comply with any other city, state, or federal requirements.
Remedies if PHF fails to cure in the event of a default may include, but are not limited to:
•If PHF does not meet the initial conditions for funding, the RDA will not distribute the
funds.
•Once funds are distributed and upon an event of default, the RDA may:
o File a breach of contract claim, which may include claims for:
▪Liquidated damages,
▪Injunctive relief, and/or
▪Specific performance.
o File a direct action against PHF to comply with their obligations.
o Any other remedies available at law or equity.
19
REDEVELOPMENT AGENCY OF SLC
PERPETUAL HOUSING FUND
RDA BOARD OF DIRECTORS MEETING – AUGUST 8, 2023
PERPETUAL HOUSING FUND OF UTAH (PHF)
Utah non-profit affordable housing organization with mission
of reimagining housing programs to share profits with
project residents.
•RENT-RESTRICTED UNITS – serve those at 25% to 125% AMI
•ANNUAL RENT REBATES – from project's cashflow
•PROFIT PAYOUTS – at time of refinancing or exit of partner
•PROFIT ADVANCE – funds available for major life events
•PROFIT TRADEUP – funds applied to home purchase
GOALS & OBJECTIVES – 515 EAST 100 SOUTH
•$10M in ARPA Funds for acquisition and development of affordable housing
•Adaptive reuse of existing office building will include 60+ housing units
•All 60 units affordable between 25%-50% Area Median Income (AMI)
•Overall project will also include additional housing, co-working, retail, and daycare space
•Family housing with 3-4 bedroom units
•Significant opportunity to promote wealth building for Salt Lake City residents
PROPOSED TERMS
PARTIES: Perpetual Housing Fund of Utah, LLC and RDA
AMOUNT: $10,000,000 in American Rescue Plan Act funds
TERM: 50-year deed-restriction recorded against portion of property that obligates PHF to develop 60
or more rent and income restricted units at 25-50% AMI
DISBURSEMENT: One lump sum to be paid as part of acquisition of units subject to recording of
restrictive covenant on the property and associated subdivision plat process.
USE OF FUNDS: PHF must deploy 100% of funds by June 30, 2024 for ARPA eligible uses
SUSTAINABILITY: PHF will work to comply with RDA's sustainability policy, but may be waived if
necessary due to the adaptive reuse element of the 515 project
RETURN:RDA to receive 2-6% return paid annually every year
ADDITIONAL PROJECTS: Develop 1,000 additional units in Salt Lake City that will be affordable for
those between 25% and 65% AMI
TERM SHEET UPDATES
ADDITIONAL COMMITMENTS FROM PHF: $500,000 to fund assets beneficial to the greater
neighborhood such as retail services, childcare services, and/or impact focused office space
MOTION SHEET
Redevelopment Agency Board of SALT LAKE CITY
TO:RDA Board Members
FROM: Allison Rowland
Budget & Policy Analyst
DATE:August 8, 2023
RE: RECONSIDERATION OF MOTION FROM JULY 11, 2023 – RESOLUTION AMENDING TERMS FOR LOAN TO
VILLE 1659, LLC, AND CLARIFICATION OF HOUSING DEVELOPMENT LOAN PROGRAM
Staff note: The clarification of the Housing Development Loan Program appears in the attachment to the resolution, Exhibit A, which
also includes the amendment to terms for the loan to Ville 1659.
MOTION 1 –RECONSIDER THE MOTION FROM JULY 11, 2023
I move that the Board reconsider the motion from July 11, 2023, adopting the resolution amending the terms for the loan to
Ville 1659 and clarifying the Housing Development Loan Program, 2023.
MOTION SHEET
Redevelopment Agency Board of SALT LAKE CITY
TO:RDA Board Members
FROM: Allison Rowland
Budget & Policy Analyst
DATE:August 8, 2023
RE: RESOLUTION: SEPARATE MOTIONS ON AMENDMENT TO TERMS FOR LOAN TO VILLE 1659, LLC, AND
CLARIFICATION OF HOUSING DEVELOPMENT LOAN PROGRAM
Staff notes:
-These motions are eligible for the Board to consider assuming the Board has approved the “motion to reconsider” in the previous
agenda item. Staff has separated out the two components of the resolution that was previously adopted by the Board in July, so
the Board can consider each one separately.
-The clarification of the Housing Development Loan Program appears in the attachment to the resolution, Exhibit A, which also
includes the amendment to terms for the loan to Ville 1659.
MOTION 1 – NEW VOTE ON THE TERMS OF VILLE 1659, LLC, LOAN
I move that the Board adopt the component of the resolution amending the terms for the loan to Ville 1659, with the following
conditions: (to be determined by the Board’s discussion).
Staff note: the Board could consider deferring action on this aspect of the resolution to a future Board
meeting.
MOTION 2 – NEW VOTE ON THE CLARIFICATION OF THE HOUSING DEVELOPMENT LOAN PROGRAM
I move that the Board adopt the component of the resolution which provides clarification on the Housing Development Loan
Program.
SALT LAKE CITY CORPORATION
SWORN STATEMENT SUPPORTING CLOSURE OF MEETING
I, ____________________, acted as the presiding member of the Redevelopment Agency of Salt Lake City, which met on
________________________ in an electronic meeting pursuant to Salt Lake City Proclamation.
Appropriate notice was given of the Redevelopment Agency 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
tape recording or detailed minutes is not required; and Pursuant to §52-4-206(1), a record by tape 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
Alejandro Puy
August 8, 2023
Alejandro Puy (Aug 22, 2023 13:24 MDT)
Alejandro Puy 08/22/2023
Sworn Statement RDA - 8-8-2023
Final Audit Report 2023-08-22
Created:2023-08-21
By:STEPHANIE ELLIOTT (stephanie.elliott@slcgov.com)
Status:Signed
Transaction ID:CBJCHBCAABAAJSvwzdWxgIkr43-gAS_OkPUAnRizDHVR
"Sworn Statement RDA - 8-8-2023" History
Document created by STEPHANIE ELLIOTT (stephanie.elliott@slcgov.com)
2023-08-21 - 9:32:21 PM GMT
Document emailed to alejandro.puy@slcgov.com for signature
2023-08-21 - 9:33:05 PM GMT
Email viewed by alejandro.puy@slcgov.com
2023-08-22 - 4:47:15 AM GMT
Signer alejandro.puy@slcgov.com entered name at signing as Alejandro Puy
2023-08-22 - 7:24:17 PM GMT
Document e-signed by Alejandro Puy (alejandro.puy@slcgov.com)
Signature Date: 2023-08-22 - 7:24:19 PM GMT - Time Source: server
Agreement completed.
2023-08-22 - 7:24:19 PM GMT