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11/14/2023 - Meeting Materials    Board of Directors of the REDEVELOPMENT AGENCY OF SALT LAKE CITY AGENDA   November 14, 2023 Tuesday 2:00 PM Council Chambers 451 South State Street, Room 315 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: 16:26:18 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:   1.Resolution: RDA Budget Amendment No.1 for Fiscal Year 2023-24 -  - The Board will accept public comment about a resolution that would amend the final budget of the Redevelopment Agency of Salt Lake City for Fiscal Year 2023-24. 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 a single housekeeping item to transfer funds to a City grant account for improved tracking and compliance reporting. The use of the funds for affordable housing remains the same. There is a corresponding item in the City’s General Fund Budget Amendment No 2. 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 9, 2023; September 12, 2023; and October 10, 2023.  2.Resolution: RDA Budget Amendment No.1 for Fiscal Year 2023- 24 ~ 2:10 p.m.  5 min. The Board will receive a briefing about and consider adopting a resolution that would amend the final budget of the Redevelopment Agency of Salt Lake City for Fiscal Year 2023-24. 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 a single housekeeping item to transfer funds to a City grant account for improved tracking and compliance reporting. The use of the funds for affordable housing remains the same. There is a corresponding item in the City’s General Fund Budget Amendment No 2. 3.Informational: High Opportunity Areas: Proposed Map Update ~ 2:15 p.m.  20 min. The Board will receive a briefing about a proposed update to how high opportunity areas are identified using new criteria, updated Census data, and prioritizing economic status variables like unemployment and poverty rates. In 2017, the Board appropriated $4.5 million for affordable housing developments in high opportunity areas of which $2.7 million remains available.   4.Informational: 900 South and 200 West Housing and Transit Reinvestment Zone (HTRZ) Update and Intermodal Hub HTRZ Creation ~ 2:35 p.m.  20 min. The Board will receive a briefing about an HTRZ application submitted to the State Committee for review/approval that is centered around the 900 South and 200 West TRAX Stop, an upcoming HTRZ application for the intermodal transit hub at approximately 600 West and 300 South, and next steps for both applications. The briefing will also include state law requirements, city objectives, and RDA policies related to HTRZs.  5.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.   6.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: •Project Updates; •Program Updates; and •Scheduling Items. 7.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:   1.Informational: Redevelopment Agency Semi-Annual Property Report Written Briefing  - The Board will receive a written briefing of all Tier 1 and Tier 2 properties owned by the RDA, as per the Land Disposition Policy. The November 2023 report includes the description, address, parcel ID, size, zoning and tier category of each property. In addition, the report details approximate acquisition date, current category of disposition, interim use and proposed permanent use for each property.   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; Adjournment     (ii)the public body previously gave public notice that the property would be offered for sale; and<   (iii)the terms of the sale are publicly disclosed before the public body approves the sale  5.discussion regarding deployment of security personnel, devices, or systems; and  6.investigative proceedings regarding allegations of criminal misconduct. A closed meeting may also be held for attorney-client matters that are privileged pursuant to Utah Code § 78B-1-137, and for other lawful purposes that satisfy the pertinent requirements of the Utah Open and Public Meetings Act. G.   CERTIFICATE OF POSTING On or before 5:00 p.m. on Thursday, November 9, 2023, 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. Item B2 CITY COUNCIL OF SALT LAKE CITY 451 SOUTH STATE STREET, ROOM 304 P.O. BOX 145476, SALT LAKE CITY, UTAH 84114-5476 SLCCOUNCIL.COM TEL 801-535-7600 FAX 801-535-7651 MOTION SHEET CITY COUNCIL of SALT LAKE CITY TO:Board Members FROM: Ben Luedtke Senior Analyst DATE:November 14, 2023 RE: Redevelopment Agency (RDA) Budget Amendment Number One FY2024 MOTION 1 – CLOSE PUBLIC HEARING I move that the Board close the public hearing. MOTION 2 – CONTINUE PUBLIC HEARING I move that the Board continue the public hearing to a future date. MOTION 3 – CLOSE PUBLIC HEARING AND ADOPT ITEM I move that the Board close the public hearing and adopt a resolution amending the Fiscal Year 2024 final budget of the Redevelopment Agency only for the item shown on the motion sheet. Staff note: Council Members do not need to read the individual item being approved below; it is listed for reference. This is a housekeeping change. The use of the funds will remain the same as part of the RDA’s upcoming Notice of Funding Availability for housing development. D-1: Transfer Dormant HOME Program Income Funds from RDA Housing Back to Misc Grants Fund ($6,476,014 – One-time) MOTION 4 – CLOSE PUBLIC HEARING AND NOT ADOPT I move that the Board close the public hearing and proceed to the next agenda item. DEPARTMENT OF FINANCE POLICY AND BUDGET DIVISION 451 SOUTH STATE STREET, ROOM 238 PO BOX 145467, SALT LAKE CITY, UTAH 84114-5455 TEL 801-535-6394 ERIN MENDENHALL Mayor MARY BETH THOMPSON Chief Financial Officer RDA BOARD TRANSMITTAL ___________________________________ Date Received: ________________ Mayor Erin Mendenhall, Executive Director Date sent to Council: ___________ ______________________________________________________________________________ TO: Salt Lake City RDA Board DATE: September 25, 2023 Alejandro Puy, RDA Chair FROM: Mary Beth Thompson, Chief Financial Officer Danny Walz, RDA Director SUBJECT: RDA Budget Amendment #1, FY 2023-24 SPONSOR: NA STAFF CONTACT: Greg Cleary, Budget Director (801) 535-6394 or Mary Beth Thompson (801) 535-6403 or Mike Burns (801) 565-6461 or Danny Walz (801) 535-7209 DOCUMENT TYPE: Budget Amendment Resolution RECOMMENDATION: The Administration recommends that subsequent to a public hearing, the RDA Board adopt the following amendment to the FY 2023-24 adopted budget. BUDGET IMPACT: REVENUE EXPENSE RDA FUND $ .00 $ 6,476,014.00 TOTAL $ .00 $ 6,476,014.00 Erin Mendenhall (Sep 25, 2023 13:20 MDT)09/25/2023 09/25/2023 EXECUTIVE SUMMARY: The purpose of the first amendment (“amendment”) is to align the RDA budget with the City’s second Budget Amendment, which reallocates $6,476,014 from the Agency’s Housing Development Fund to the City’s Miscellaneous Grants Fund. This amendment is administrative in nature and is being proposed for accounting and financial tracking purposes. In the Fiscal Year 2024 budget, the Board transferred $6,476,014 in Dormant HOME Program Income Funds initially allocated to the Community and Neighborhoods Department to the Agency's Housing Development Fund. This allocation is intended to be incorporated into the annual housing Notice of Funding Availability (NOFA) by the Agency. However, due to the specific reporting obligations associated with these Funds, the City's Finance Department is suggesting a transfer of these funds to the Miscellaneous Grants Fund. A summary spreadsheet document, outlining the proposed budget change is attached (Attachment B). The Administration requests this document be modified based on the decisions of the Board. The budget amendment contains one item in section D – Housekeeping Items: A. New Budget Items B. Grants for Existing Staff Resources C. Grants for New Staff Resources D. Housekeeping Items E. Grants Requiring No New Staff Resources F. Donations G. Council Consent Agenda Grant Awards I. Council Added Items ATTACHMENTS: A. Resolution B. Budget Amendment #1 Summary Spreadsheet C. RDA Staff Memo PUBLIC PROCESS: Public Hearing 1 REDEVELOPMENT AGENCY OF SALT LAKE CITY RESOLUTION NO__________ First Budget Amendment for Fiscal Year 2023-2024 RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY AMENDING THE FINAL BUDGET OF THE RDA FOR FISCAL YEAR 2023-2024. WHEREAS, on June 13, 2023, the Redevelopment Agency (RDA) Board of Directors (Board) adopted the final budget of the RDA, effective for the fiscal year beginning July 1, 2023, and ending June 30, 2024, in accordance with the requirements of Section 17C-1-601.5 of the Utah Code. WHEREAS, on May 2, 2023, the Board approved a resolution adopting the tentative final budget, while reserving consideration of other proposed amendments until a later date. WHEREAS, all conditions precedent to amend the RDA's final annual budget have been accomplished. NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Redevelopment Agency of Salt Lake City: 1. Purpose. The purpose of this resolution is to amend the final annual budget of the RDA, as approved, ratified and finalized by the Board on June 13, 2023. 2. Adoption of Amendments. The budget amendments shown on Exhibit A as “Board Approved” are hereby adopted and incorporated into the annual budget of the RDA. 3. Filing of copies of the Budget Amendments. The Salt Lake City Finance Department, on behalf of the RDA, is authorized and directed to certify and file a copy of said budget amendments in the office of the Finance Department, the RDA, and the office of the City Recorder, which amendments shall be available for public inspection. Passed by the Board of Directors of the Redevelopment Agency of Salt Lake City, Utah, this day of , 2023, to be effective upon adoption. ________________________________ Alejandro Puy, Chair Approved as to form: __________________________________ Salt Lake City Attorney’s Office Allison Parks 2 The Executive Director: ____ does not request reconsideration ____ requests reconsideration at the next regular Agency meeting. _________________________________ Erin Mendenhall, Executive Director Attest: _________________________ City Recorder 3 EXHIBIT A TO RESOLUTION [Attach Board’s Final Approved Budget Amendment] Initiative Number/Name Project Area Revenue Amount Expenditure Amount Revenue Amount Expenditure Amount Ongoing or One- time FTEs 1 RDA Housing Funds Transfer to Misc Grants Housing Dev Fund - 6,476,014.00 One-time - - Total of Budget Amendment Items - 6,476,014.00 - - Total by Fund, Budget Amendment #1: Redevelopment Agency RDA - 6,476,014.00 - - - Total of Budget Amendment Items - 6,476,014.00 - - - Fiscal Year 2023-24 RDA Budget Amendment #1 Section G: Board Consent Agenda -- Grant Awards Section I: Board Added Items Section A: New Items Section B: Grants for Existing Staff Resources Section C: Grants for New Staff Resources Section D: Housekeeping Section E: Grants Requiring No New Staff Resources Section F: Donations Board ApprovedAdministration Proposed 1 Initiative Number/Name Project Area Revenue Amount Expenditure Amount Revenue Amount Expenditure Amount Ongoing or One- time FTEs Fiscal Year 2023-24 RDA Budget Amendment #1 Board ApprovedAdministration Proposed Current Year Budget Summary, provided for information only FY 2023-24 Budget, Including Budget Amendments FY 2023-24 Adopted Budget RDA BA #1 Total Total To-Date Redevelopment Agency 80,803,841 6,476,014 - 87,279,855 Total of Budget Amendment Items 80,803,841 6,476,014 87,279,855 Certification Budget Manager Deputy Director, City Council/RDA Board Contingent Appropriation and Notes 2 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: September 22, 2023 PREPARED BY: Erin Cunningham, Financial Analyst RE: RDA Budget Amendment #1, FY 2023-2024 REQUESTED ACTION: Discussion and approval of Budget Amendment #1 BUDGET IMPACTS: The First Amendment reduces the Agency’s Housing Development Fund by approximately $6.4 million. EXECUTIVE SUMMARY: The purpose of this amendment is to align with the City's Second Budget Amendment, which reallocates $6,476,014 from the Agency's Housing Development Fund to the City's Miscellaneous Grants Fund. ANALYSIS & ISSUES: In the Fiscal Year 2024 budget, the Board transferred $6,476,014 in Dormant HOME Program Income Funds initially allocated in the to Community and Neighborhoods Department to the Agency's Housing Development Fund. This allocation is intended to be incorporated into the annual housing Notice of Funding Availability (NOFA) by the Agency. However, due to the specific reporting obligations associated with these Funds, the City's Finance Department is suggesting a transfer of these funds to the Miscellaneous Grants Fund. PREVIOUS BOARD ACTION: 1. Approval of the Fiscal Year 2023-2024 Budget. ATTACHMENTS: N/A PENDING MINUTES – NOT APPROVED The Board of Directors of the Redevelopment Agency (RDA) of Salt Lake City met on Tuesday, September 12, 2023. The following Board Members were present: Ana Valdemoros, Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano, Sarah Young Present Agency Leadership: Danny Walz – Director, Cara Lindsley – Deputy Director Present City Staff: Katherine Lewis – City Attorney, Cindy Lou Trishman – City Recorder, Stephanie Elliott – Minutes & Records Clerk, Thais Stewart – Deputy City Recorder , Taylor Hill – Constituent Liaison/Policy Analyst, Scott Corpany – Staff Assistant, Corinne Piazza – Senior RDA Project Manager Director Chair Alejandro Puy presided at and conducted the meeting. The meeting was called to order at 2:02 pm MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, September 12, 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.) No Public Comment.   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 June 6, 2023; June 13, 2023; and August 15, 2023. Motion: Moved by Director Dugan, seconded by Director Valdemoros to approve meeting minutes of June 6, 2023; June 13, 2023; and August 15, 2023. AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano, Sarah Young Final Result: 7 – 0 Pass 2.Informational: Station Center Vision and Implementation Plan Progress Update ~ 2:10 p.m.  45 min. The Board will receive a progress update about the Station Center Vision and Implementation Plan. Station Center is located in the Depot District Project Area between 500 to 600 West and 200 to 400 South. The RDA owns properties in the study area, including 11 acres in Station Center and an additional four acres near 600 West and MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, September 12, 2023 2 100 South. Station Center is envisioned to have new streets, parks, and open spaces, taller building heights, and a mix of land uses. The study is evaluating the creation of a governance entity to guide development, programming, and other long-term needs of the area. Danny Walz introduced Ashley Ogden and Marc Asnis (Project Manager at Perkins & Will Architecture and Planning). Marc Asnis gave the following updates on the progress of the Station Center Vision and Implementation Plan: •Snapshot presentation of where the plan was currently at •Salt Lake City Design Framework and the vision of future development at Station Center •Establishing compact blocks to create easier access •Restoring the site for all living things such as tree canopies and native planting •Enabling a sustainable mobility network by prioritizing public, bicycle, and pedestrian transit •Championing the Green Loop (Urban Trail) with play areas, dog runs, gardens, and other amenities for the public to enjoy •Activating the festival street and creating a flexible street to accommodate other outdoor events on 300 South •Ensuring functional roadways integrating shared ride and car accessibility but maintaining parking for private vehicles •Curating public places of culture, arts, and performance and creating a larger arts campus for the public •Changing the current zoning to allow maximum height in new and existing construction •Conserving water such as an underground water basin and harvesting stormwater •Harnessing solar power and implementing renewable energy sources in the area Imran Aukhil (Principal at HR&A Advisors) presented the following information regarding governance on the project: •Framework of governance and how it would be implemented into the new center •Benefits of governance: attracting users, target tenants, brand management, and support entitlements •Successes of governance across the nation in St. Louis and Boston •Governance Timeline ◦Pre – Startup (years 1-2) ◦Startup (years 3-4) ◦Stabilization (years 5 and beyond) •Contracting for local food programming and more •Helping attract ground-level retail tenants •Activating and managing open spaces •Facilitating district parking strategy and arts program partnerships Director Member Dugan expressed concern with this project and said it overshadowed other developments and requested collaboration with the Rio Grande Project. Director Wharton and Director Petro requested the 1.5% arts funds be reevaluated and increased and wanted to see funds invested in Festival Street. MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, September 12, 2023 3 Director Valdemoros requested more family-oriented plans to make the Station Center an inviting place and asked about the Public Market proposal progress. Director Petro stated that in order for the RDA to use public trust and funding, the Council needed the utmost clarity on the proposal and plans. Directors stated the following concerns with the Governance Proposal: •Creating a new entity and government to handle the new project area •Governing power being removed from the Council •Overlap of identified spaces for specific uses – needing more clarification on intended uses •Vast work and fund scope of the projects being proposed •Where the funding would come from – current and future costs •Where the sustainability of this project would come from including staffing and funding needs 3.Informational: Proposed Housing and Transit Reinvestment Zone Tax Increment Reimbursement Policy ~ 2:55 p.m.  20 min. The Board will receive a briefing about the proposed Housing and Transit Reinvestment Zone (HTRZ) Tax Increment Reimbursement Program Policy. This policy will guide the disbursement of tax increment in HTRZs. Tax increment reimbursement allows for a portion of the property tax generated by a development to be returned to the developer over a fixed period of time. Danny Walz and Corrine Piazza presented the following information regarding the Housing and Transit Reinvestment Zone (HTRZ) Tax Increment Reimbursement Policy Proposal: •Tax Increments (TI) allowed for a portion of property tax generated by a development to be reimbursed back to the developer over time – post performance based •Direct payments that did not need to be paid back – post performance based •Objectives: ◦Development of mixed-use, affordable housing ◦Increased utilization of public transit ◦Creating criteria thresholds •Maximum Reimbursement Rate: ◦90% of TI received by the RDA •Maximum reimbursement term of 15 or 25 years – based on a project’s eligible costs, public benefits, and demonstrated financial need •Next steps: ◦Adoption of the formal policy once the draft had been considered ◦Interlocal agreement between Salt Lake City and the RDA to ensure distribution of TI was consistent with all HTRZ policies and acts ◦The Board to consider a draft policy for non-HTRZ project areas MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, September 12, 2023 4 DirectorPuy and Petro stated concerns about the proposal but supported the area becoming an HTRZ. Director Valdemoros asked about the housing thresholds and wanted clarification on the homeowner opportunities and projects located in the HTRZ. 4.Resolution: Amendment to Terms for Loan to Ville 1659, LLC, and Additional Funding Conditions ~ 3:15 p.m.  20 min. The Board will be briefed about, and will consider approving a resolution that would modify the terms and include additional funding conditions for the Housing Development Loan Program (HDLP) loan to Ville 1659 project, located at 1659 West North Temple. The proposed modifications include a balloon repayment with a three- year term versus the originally approved cash flow repayment with a 40-year term. Item pulled from Agenda 5.Informational: RDA Exploration Trip Update ~ 3:35 p.m.  15 min. Board Members and RDA staff will discuss key takeaways from the Board's recent trip to Pittsburgh to learn from their Urban Redevelopment Authority. Danny Walz gave the following updates: •Pittsburg was a great area to research and explore •Ideas and processes were found to be implemented in Salt Lake •Takeaways from the trip; ◦Prioritizing minority and women-owned businesses ◦Federal and private financing options ◦Concentration on smaller areas for specific projects, instead of larger plans ◦Need for more technical support Directors thanked Staff for all the work to make the trip a useful experience and expressed excitement for redevelopment ideas in Salt Lake City. 6.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. No Report from the Executive Director. 7.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: •Project Updates; and •Scheduling Items. Danny Walz gave the following updates: MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, September 12, 2023 5 •Accessory Dwelling Unit (ADU) program applications closed mid-September 2023 •Public outreach opportunities ◦Ballpark public survey engagement project ◦City Creek Daylight contract 8.Report of the Chair and Vice Chair TENTATIVE  5 min. Report of the Chair and Vice Chair. No Report from the Chair or 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< MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, September 12, 2023 6 Adjournment   (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. Closed Session started at 3:43 pm. Held via Zoom and in the Work Session Room (location) Board/Council Members in Attendance: Board/Council Members Dugan, Petro, Valdemoros, Mano, Wharton, Young and Puy. City Staff in Attendance: Erin Mendenhall, Danny Walz, Rachel Otto, Lisa Shaffer, Megan Yuill, Lindsey Nikola, Katie Lewis, Allison Parks, Andrew Johnston, Tammy Hunsaker, Ashley Ogden, Corinne Piazza, Kathryn Hackman, Amanda Greenland, Kate Werrett, Austin Taylor, Marcus Lee, Lucas Goodrich, Cindy Gust-Jenson, Jennifer Bruno, Lehua Weaver, Allison Rowland, Nick Tarbet, Ben Luedtke, Whitney Gonzalez-Fernandez, Ariana Williford, and Cindy Lou Trishman Closed Session ended at 5:00 pm. Motion: Moved by Director Wharton, seconded by Director Dugan to enter into Closed Session for the purposes of strategy sessions to discuss the purchase, exchange, or lease of real property and attorney-client matters that are privileged pursuant to Utah Code § 78B-1-137. AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano, Sarah Young Final Result: 7 – 0 Pass Motion: Moved by Director Mano, seconded by Director Dugan to exit Closed Session. AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano, Sarah Young Final Result: 7 – 0 Pass G.   MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, September 12, 2023 7 Meeting adjourned at 5:00 pm Minutes Approved: _______________________________ Redevelopment Agency Chair Alejandro Puy _______________________________ 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 Salt Lake City Redevelopment Agency meeting held Tuesday, September 12, 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, September 12, 2023 8 PENDING MINUTES – NOT APPROVED The Board of Directors of the Redevelopment Agency (RDA) of Salt Lake City met on Tuesday, May 9, 2023. The following Board Members were present: Ana Valdemoros, Victoria Petro, Daniel Dugan, Amy Fowler, Chris Wharton, Alejandro Puy, Darin Mano Present Agency Leadership: Mayor Erin Mendenhall, Danny Walz – Chief Operating Officer, Cara Lindsley – Deputy Director Present City Staff: Katherine Lewis – City Attorney, Cindy Lou Trishman – City Recorder, DeeDee Robinson – 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 – Public Policy Analyst Director Wharton presided at and conducted the meeting.   The meeting was called to order at 2:40 pm. MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 9, 2023 1 Comments:A.   1.General Comments to the Board TENTATIVE 5 min The RDA Board of Directors will receive public comments regarding Redevelopment Agency business in the following formats: 1.Written comments submitted to RDA offices, 451 South State Street, Suite 118, P.O. Box 145455, Salt Lake City, UT. 84114-5455. 2.Comments to the RDA Board of Directors. (Comments are taken on any item not scheduled for a public Hearing, as well as on any other RDA Business. Comments are limited to two minutes.) There were no comments.   B.Public Hearing - individuals may speak to the Board once per public hearing topic for two minutes, however written comments are always accepted:   1.Resolution: RDA Budget Amendment No.3 for Fiscal Year 2022-23 -  - The Board will accept public comment on 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. Ben Luedtke provided an introduction to the Budget Amendment. There were no public comments. Motion: Moved by Director Mano, seconded by Director Dugan to close the public hearing. AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Chris Wharton, Darin Mano ABSENT: Amy Fowler, Alejandro Puy Final Result: 5 – 0 Pass C. MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 9, 2023 2 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 March 14, 2023. Motion: Moved by Director Dugan, seconded by Director Petro to approve meeting minutes of March 14, 2023. AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Chris Wharton, Darin Mano ABSENT: Amy Fowler, Alejandro Puy Final Result: 5 – 0 Pass MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 9, 2023 3 2.Resolution: RDA Budget Amendment No.3 for Fiscal Year 2022- 23 ~ 2:10 p.m.  20 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. Director Puy joined the RDA meeting during this agenda item. Ben Luedtke provided an introduction to the Budget Amendment and information regarding: •Table – Comparing actual property tax increment to annual budget and County’s estimates (Page 1 – Staff Report) •Table – Summary of discretionary items adjusted for actual property tax increment (Page 2 – Staff Report) •New Item – $4M Seed Funds (from General Fund) for the Westside Community Initiative changing source, transfer, and use for property acquisition in the 9-Line project area Motion: Moved by Director Mano, seconded by Director Petro to adopt Resolution 10 of 2023, RDA Budget Amendment No. 3 for Fiscal Year 2022-23. AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano ABSENT: Amy Fowler Final Result: 6 – 0 Pass 3.Report and Announcements from the Executive Director TENTATIVE  5 min. Report of the Executive Director, including a review of information items, announcements, and scheduling items. The Board of Directors may give feedback or policy input. Item not held. 4.Report and Announcements from RDA Staff TENTATIVE  5 min. The Board may review Board information and announcements. The Board may give feedback on any item related to City business, including but not limited to; •Project Updates; and •Scheduling Items. MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 9, 2023 4 Danny Walz provided information regarding: •Aster Project recently completed/opened •144 South 500 East affordable housing project recently completed/opened •Bicycle Collective $1.4M loan recently closed •230 West 1700 South $1M loan recently closed •The Nest $2M loan recently closed •Marmalade Park progress update •RDA Staff having submitted first of Housing and Transit Redevelopment Zone (HTRZ) applications to Governors' Office of Economic Opportunity – centered on the rail stop at 200 West and 900 South   D.Written Briefings – the following briefings are informational in nature and require no action of the Board. Additional information can be provided to the Board upon request:   1.Informational: Redevelopment Agency Semi-Annual Property Report -  - The Board will receive a written briefing of all Tier 1 and Tier 2 properties owned by the RDA, as per the Land Disposition Policy. The May 2023 report includes the description, address, parcel ID, size, zoning and tier category of each property. In addition, the report details approximate acquisition date, current category of disposition, interim use and proposed permanent use for each property. Written briefing only. No discussion was held.   E.Consent – the following items are listed for consideration by the Board and can be discussed individually upon request. A motion to approve the consent agenda is approving all of the following items: 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 MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 9, 2023 5 (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. Closed Session Started at 3:05 pm Held via Zoom and in the Work Session Room (location) Board Members in Attendance: Board Members Dugan, Petro, Valdemoros, Mano, Wharton and Puy (online). City Staff in Attendance: Katherine Lewis, Allison Parks, Mayor Erin Mendenhall, Rachel Otto, Lisa Shaffer, Lindsey Nikola, Mary Beth Thompson, Aaron Price, Danny Walz, Jim Sirrine, Erin Cunningham, Tracy Tran, Austin, Corinne, Eric Holmes, Felina Lazalde, Amanda Greenland, Cara Lindsley, Ashley Ogden, Marcus Lee, Lauren Parisi, Cindy Gust-Jenson, Jennifer Bruno, Allison Rowland, Ben Luedtke, Cindy Lou Trishman, Taylor Hill and Scott Corpany. Closed Session ended at 3:45 pm Motion: Moved by Director Mano, seconded by Director Dugan to enter into Closed Session for the purposes of purchase, exchange or lease of real property and attorney-client matters AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Chris Wharton, Darin Mano ABSENT: Amy Fowler, Alejandro Puy Final Result: 5 – 0 Pass Motion: Moved by Director Dugan, seconded by Director Valdemoros to exit Closed Session. AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano ABSENT: Amy Fowler Final Result: 6 – 0 Pass MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 9, 2023 6 F.Tentative Closed Session The Board will consider a motion to enter into Closed Session. A closed meeting described under Section 52-4-205 may be held for specific purposes including, but not limited to: 1.discussion of the character, professional competence, or physical or mental health of an individual; 2.strategy sessions to discuss pending or reasonably imminent litigation; 3.strategy sessions to discuss the purchase, exchange, or lease of real property: (i)disclose the appraisal or estimated value of the property under consideration; or (ii)prevent the public body from completing the transaction on the best possible terms; 4.strategy sessions to discuss the sale of real property, including any form of a water right or water shares, if: (i)public discussion of the transaction would: (A)disclose the appraisal or estimated value of the property under consideration; or (B)prevent the public body from completing the transaction on the best possible terms; (ii)the public body previously gave public notice that the property would be offered for sale; and< (iii)the terms of the sale are publicly disclosed before the public body approves the sale 5.discussion regarding deployment of security personnel, devices, or systems; and 6.investigative proceedings regarding allegations of criminal misconduct. A closed meeting may also be held for attorney-client matters that are privileged pursuant to Utah Code § 78B-1-137, and for other lawful purposes that satisfy the pertinent requirements of the Utah Open and Public Meetings Act. Closed Session Started at 3:05 pm Held via Zoom and in the Work Session Room (location) Board Members in Attendance: Board Members Dugan, Petro, Valdemoros, Mano, Wharton and Puy (online). City Staff in Attendance: Katherine Lewis, Allison Parks, Mayor Erin Mendenhall, Rachel Otto, Lisa Shaffer, Lindsey Nikola, Mary Beth Thompson, Aaron Price, Danny Walz, Jim Sirrine, Erin Cunningham, Tracy Tran, Austin, Corinne, Eric Holmes, Felina Lazalde, Amanda Greenland, Cara Lindsley, Ashley Ogden, Marcus Lee, Lauren Parisi, Cindy Gust-Jenson, Jennifer Bruno, Allison Rowland, Ben Luedtke, Cindy Lou Trishman, Taylor Hill and Scott Corpany. Closed Session ended at 3:45 pm Motion: Moved by Director Mano, seconded by Director Dugan to enter into Closed Session for the purposes of purchase, exchange or lease of real property and attorney-client matters AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Chris Wharton, Darin Mano ABSENT: Amy Fowler, Alejandro Puy Final Result: 5 – 0 Pass MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 9, 2023 7 Adjournment   Motion: Moved by Director Dugan, seconded by Director Valdemoros to exit Closed Session. AYE: Ana Valdemoros, Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano ABSENT: Amy Fowler Final Result: 6 – 0 Pass G.   MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, May 9, 2023 8 Meeting adjourned at 4:15 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 9, 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 9, 2023 9 PENDING MINUTES – NOT APPROVED The Board of Directors of the Redevelopment Agency (RDA) of Salt Lake City met on Tuesday, October 10, 2023. The following Board Members were present: Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano The following Board Members were absent: Ana Valdemoros, Sarah Young Present Agency Leadership: Danny Walz – Director Present City Staff: Katherine Lewis – City Attorney, Cindy Lou Trishman – City Recorder, DeeDee Robinson – Minutes & Records Clerk, Thais Stewart – Deputy City Recorder , Taylor Hill – Constituent Liaison/Policy Analyst, Scott Corpany – Staff Assistant, Jennifer Bruno – Council Deputy Director, Cindy Gust-Jenson – Council Executive Director, Lindsey Nikola – Deputy Chief of Staff Director Chair Alejandro Puy presided at and conducted the meeting.   The meeting was called to order at 2:02 pm. MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, October 10, 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 public comments. Parwana Mujadidi was called on to speak and was advised that Staff would assist with her questions.   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 July 11, 2023 and August 8, 2023. Motion: Moved by Director Dugan, seconded by Director Mano to approve meeting minutes of July 11, 2023 and August 8, 2023. AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano ABSENT: Ana Valdemoros, Sarah Young Final Result: 5 – 0 Pass 2.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 MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, October 10, 2023 2 policy input. Item not held. 3.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: •Project Updates; •Community Engagement Updates; and •Scheduling Items. MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, October 10, 2023 3 Danny Walz provided the following updates: •Community engagement events for the Ballpark NEXT Community Visioning process: ◦October 18, 2023 6:00-8:00pm at the Urban Indian Center ◦November 15, 2023 6:00-8:00pm (location TBD) •RDA and GSBS Architects having received the APA Utah Beehive Award of Excellence for the Japan Town design strategy project Danny Walz said it was an honor to win the award and thanked their partners GSBS Architects for their involvement in the project, as well as APA Utah, and wanted to specifically commend RDA Staff member, Corrine Piazza for her work on the project. Director Mano indicated his support for the Japan Town project, wanting to see it funded and started as soon as possible, and invited RDA staff to inform him on ways he could help. 4.Report of the Chair and Vice Chair TENTATIVE  5 min. Report of the Chair and Vice Chair. Item not held.   D.Written Briefings – the following briefings are informational in nature and require no action of the Board. Additional information can be provided to the Board upon request:   1.Informational: Semiannual Status Report on RDA Commercial Loan Portfolio Written Briefing  - The Board will receive a written briefing about the status of the RDA’s commercial loan portfolio. This report identifies the following: •New loans approved between July 1, 2022 and June 30, 2023 •Remaining amount available in the existing portfolio •Outstanding principal for the Revolving Loan Fund •Any delinquencies Written briefing only. No discussion was held. 2.Resolution: RDA Budget Amendment No.1 for Fiscal Year 2023-24 Written Briefing MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, October 10, 2023 4  - The Board will receive a written briefing about a resolution that would amend the final budget of the Redevelopment Agency of Salt Lake City for Fiscal Year 2023-24. 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 a single housekeeping item to transfer funds to a City grant account for improved tracking and compliance reporting. The use of the funds for affordable housing remains the same. There is a corresponding item in the City’s General Fund Budget Amendment No 2. MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, October 10, 2023 5 Written briefing only. No discussion was held.   E.Consent – the following items are listed for consideration by the Board and can be discussed individually upon request. A motion to approve the consent agenda is approving all of the following items:   1.Set Date – Resolution: RDA Budget Amendment No.1 for Fiscal Year 2023- 24 -  - The Board will set the date of Tuesday, November 14, 2023 at 2 p.m. to accept public comment and consider adopting a resolution that would amend the final budget of the Redevelopment Agency of Salt Lake City for Fiscal Year 2023-24. 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 a single housekeeping item to transfer funds to a City grant account for improved tracking and compliance reporting. The use of the funds for affordable housing remains the same. There is a corresponding item in the City’s General Fund Budget Amendment No 2. Motion: Moved by Director Mano, seconded by Director Dugan to approve the Consent agenda. AYE: Victoria Petro, Daniel Dugan, Chris Wharton, Alejandro Puy, Darin Mano ABSENT: Ana Valdemoros, Sarah Young Final Result: 5 – 0 Pass 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 MINUTES OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY Tuesday, October 10, 2023 6 Adjournment   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, October 10, 2023 7 Meeting adjourned at: 2:13 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, October 10, 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, October 10, 2023 8 Item C2 CITY COUNCIL OF SALT LAKE CITY 451 SOUTH STATE STREET, ROOM 304 P.O. BOX 145476, SALT LAKE CITY, UTAH 84114-5476 SLCCOUNCIL.COM TEL 801-535-7600 FAX 801-535-7651 MOTION SHEET CITY COUNCIL of SALT LAKE CITY TO:Board Members FROM: Ben Luedtke Senior Analyst DATE:November 14, 2023 RE: Redevelopment Agency (RDA) Budget Amendment Number One FY2024 MOTION 1 –ADOPT ITEM I move that the Board adopt a resolution amending the Fiscal Year 2024 final budget of the Redevelopment Agency only for the item shown on the motion sheet. Staff note: Council Members do not need to read the individual item being approved below; it is listed for reference. This is a housekeeping change. The use of the funds will remain the same as part of the RDA’s upcoming Notice of Funding Availability for housing development. D-1: Transfer Dormant HOME Program Income Funds from RDA Housing Back to Misc Grants Fund ($6,476,014 – One-time) MOTION 2 – NOT ADOPT I move that the Board proceed to the next agenda item. DEPARTMENT OF FINANCE POLICY AND BUDGET DIVISION 451 SOUTH STATE STREET, ROOM 238 PO BOX 145467, SALT LAKE CITY, UTAH 84114-5455 TEL 801-535-6394 ERIN MENDENHALL Mayor MARY BETH THOMPSON Chief Financial Officer RDA BOARD TRANSMITTAL ___________________________________ Date Received: ________________ Mayor Erin Mendenhall, Executive Director Date sent to Council: ___________ ______________________________________________________________________________ TO: Salt Lake City RDA Board DATE: September 25, 2023 Alejandro Puy, RDA Chair FROM: Mary Beth Thompson, Chief Financial Officer Danny Walz, RDA Director SUBJECT: RDA Budget Amendment #1, FY 2023-24 SPONSOR: NA STAFF CONTACT: Greg Cleary, Budget Director (801) 535-6394 or Mary Beth Thompson (801) 535-6403 or Mike Burns (801) 565-6461 or Danny Walz (801) 535-7209 DOCUMENT TYPE: Budget Amendment Resolution RECOMMENDATION: The Administration recommends that subsequent to a public hearing, the RDA Board adopt the following amendment to the FY 2023-24 adopted budget. BUDGET IMPACT: REVENUE EXPENSE RDA FUND $ .00 $ 6,476,014.00 TOTAL $ .00 $ 6,476,014.00 Erin Mendenhall (Sep 25, 2023 13:20 MDT)09/25/2023 09/25/2023 EXECUTIVE SUMMARY: The purpose of the first amendment (“amendment”) is to align the RDA budget with the City’s second Budget Amendment, which reallocates $6,476,014 from the Agency’s Housing Development Fund to the City’s Miscellaneous Grants Fund. This amendment is administrative in nature and is being proposed for accounting and financial tracking purposes. In the Fiscal Year 2024 budget, the Board transferred $6,476,014 in Dormant HOME Program Income Funds initially allocated to the Community and Neighborhoods Department to the Agency's Housing Development Fund. This allocation is intended to be incorporated into the annual housing Notice of Funding Availability (NOFA) by the Agency. However, due to the specific reporting obligations associated with these Funds, the City's Finance Department is suggesting a transfer of these funds to the Miscellaneous Grants Fund. A summary spreadsheet document, outlining the proposed budget change is attached (Attachment B). The Administration requests this document be modified based on the decisions of the Board. The budget amendment contains one item in section D – Housekeeping Items: A. New Budget Items B. Grants for Existing Staff Resources C. Grants for New Staff Resources D. Housekeeping Items E. Grants Requiring No New Staff Resources F. Donations G. Council Consent Agenda Grant Awards I. Council Added Items ATTACHMENTS: A. Resolution B. Budget Amendment #1 Summary Spreadsheet C. RDA Staff Memo PUBLIC PROCESS: Public Hearing 1 REDEVELOPMENT AGENCY OF SALT LAKE CITY RESOLUTION NO__________ First Budget Amendment for Fiscal Year 2023-2024 RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY AMENDING THE FINAL BUDGET OF THE RDA FOR FISCAL YEAR 2023-2024. WHEREAS, on June 13, 2023, the Redevelopment Agency (RDA) Board of Directors (Board) adopted the final budget of the RDA, effective for the fiscal year beginning July 1, 2023, and ending June 30, 2024, in accordance with the requirements of Section 17C-1-601.5 of the Utah Code. WHEREAS, on May 2, 2023, the Board approved a resolution adopting the tentative final budget, while reserving consideration of other proposed amendments until a later date. WHEREAS, all conditions precedent to amend the RDA's final annual budget have been accomplished. NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Redevelopment Agency of Salt Lake City: 1. Purpose. The purpose of this resolution is to amend the final annual budget of the RDA, as approved, ratified and finalized by the Board on June 13, 2023. 2. Adoption of Amendments. The budget amendments shown on Exhibit A as “Board Approved” are hereby adopted and incorporated into the annual budget of the RDA. 3. Filing of copies of the Budget Amendments. The Salt Lake City Finance Department, on behalf of the RDA, is authorized and directed to certify and file a copy of said budget amendments in the office of the Finance Department, the RDA, and the office of the City Recorder, which amendments shall be available for public inspection. Passed by the Board of Directors of the Redevelopment Agency of Salt Lake City, Utah, this day of , 2023, to be effective upon adoption. ________________________________ Alejandro Puy, Chair Approved as to form: __________________________________ Salt Lake City Attorney’s Office Allison Parks 2 The Executive Director: ____ does not request reconsideration ____ requests reconsideration at the next regular Agency meeting. _________________________________ Erin Mendenhall, Executive Director Attest: _________________________ City Recorder 3 EXHIBIT A TO RESOLUTION [Attach Board’s Final Approved Budget Amendment] Initiative Number/Name Project Area Revenue Amount Expenditure Amount Revenue Amount Expenditure Amount Ongoing or One- time FTEs 1 RDA Housing Funds Transfer to Misc Grants Housing Dev Fund - 6,476,014.00 One-time - - Total of Budget Amendment Items - 6,476,014.00 - - Total by Fund, Budget Amendment #1: Redevelopment Agency RDA - 6,476,014.00 - - - Total of Budget Amendment Items - 6,476,014.00 - - - Fiscal Year 2023-24 RDA Budget Amendment #1 Section G: Board Consent Agenda -- Grant Awards Section I: Board Added Items Section A: New Items Section B: Grants for Existing Staff Resources Section C: Grants for New Staff Resources Section D: Housekeeping Section E: Grants Requiring No New Staff Resources Section F: Donations Board ApprovedAdministration Proposed 1 Initiative Number/Name Project Area Revenue Amount Expenditure Amount Revenue Amount Expenditure Amount Ongoing or One- time FTEs Fiscal Year 2023-24 RDA Budget Amendment #1 Board ApprovedAdministration Proposed Current Year Budget Summary, provided for information only FY 2023-24 Budget, Including Budget Amendments FY 2023-24 Adopted Budget RDA BA #1 Total Total To-Date Redevelopment Agency 80,803,841 6,476,014 - 87,279,855 Total of Budget Amendment Items 80,803,841 6,476,014 87,279,855 Certification Budget Manager Deputy Director, City Council/RDA Board Contingent Appropriation and Notes 2 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: September 22, 2023 PREPARED BY: Erin Cunningham, Financial Analyst RE: RDA Budget Amendment #1, FY 2023-2024 REQUESTED ACTION: Discussion and approval of Budget Amendment #1 BUDGET IMPACTS: The First Amendment reduces the Agency’s Housing Development Fund by approximately $6.4 million. EXECUTIVE SUMMARY: The purpose of this amendment is to align with the City's Second Budget Amendment, which reallocates $6,476,014 from the Agency's Housing Development Fund to the City's Miscellaneous Grants Fund. ANALYSIS & ISSUES: In the Fiscal Year 2024 budget, the Board transferred $6,476,014 in Dormant HOME Program Income Funds initially allocated in the to Community and Neighborhoods Department to the Agency's Housing Development Fund. This allocation is intended to be incorporated into the annual housing Notice of Funding Availability (NOFA) by the Agency. However, due to the specific reporting obligations associated with these Funds, the City's Finance Department is suggesting a transfer of these funds to the Miscellaneous Grants Fund. PREVIOUS BOARD ACTION: 1. Approval of the Fiscal Year 2023-2024 Budget. ATTACHMENTS: N/A REDEVELOPMENT AGENCY OF SLC HIGH OPPORTUNITY AREA MAP UPDATE RDA BOARD OF DIRECTORS MEETING –NOVEMBER 14, 2023 2015 •Kem C Gardner Policy Institute created Opportunity Index using 2011-2015 data 2017 •RDA Board set aside $4.5m in High Opportunity Area Funds 2019 •RDA provided loan to CDCU for Richmond Flats -only loan from the High Opportunity Area Funds to date High Opportunity Area Program Goals •Incentivize affordable housing development in areas with greater access to opportunity •Increase a person’s chances for upward economic mobility •Promote mixed-income neighborhoods •Avoid concentrated poverty •Make up for lacking federal support High Opportunity Area Challenges •Smaller parcels •Limited multifamily zoning •Fewer vacant and easy to redevelop sites •Located in historic districts with additional zoning restrictions High Opportunity Area Map Update RDA and Housing Stability staff have created a proposed map using a current set of wholistic data*. The updated map is the result of the following changes: •Additional metrics that factor into upward economic mobility for residents •Updated data using the most recent data and Census tract geographies •New data weighting system •Removed tracts without residential zoning •Removed tracts that had only a small portion of land in SLC boundaries *There is no current federal standard for a “High Opportunity Area” designation, which provides flexibility to determine the analysis to support our aims on a local level Comparison of Metrics Factored in the Maps Variable Description In 2015 Proposed 2015 Weight Proposed Weight Unemployment Percentage of civilian labor force age 16 and over without a job.Yes Yes 1x 2x Poverty Percentage of families with a household income in the last 12 months below the poverty line.Yes Yes 1x 2x Food Assistance/SNAP Benefits Percentage of households receiving Food Assistance/SNAP Benefits in the last 12 months.Yes Yes 1x 2x Income Median household income in the last 12 months.Yes Yes 1x 2x Jobs Total number of jobs accessible by car and transit.Yes Yes 1x 2x Commute Time Mean commute time.Yes Yes 1x 1x Childcare Facilities Proximity to childcare facilities.No Yes 1x High School Diploma Percentage of population age 25 and older with a high school diploma or higher.No Yes 1x School Report Card Mean school score reported by the Utah State Board of Education School Report Card.Yes Yes 1x 1x Bachelor's Degree Percentage of population age 25 and older with a bachelor's degree or higher.Yes Yes 1x 1x Crime Mean count of crimes recorded by the SLCPD in the last 12 months.No Yes 1x Grocery Stores Proximity to grocery stores.No Yes 1x Open Space Proximity to open space.No Yes 1x Transit Proximity to transit stops including bus stops, TRAX stations, and FrontRunner stations.No Yes 1x Community Services Proximity to community services including food banks, human services, and government offices.No Yes 1x Community Centers Proximity to community centers including libraries, recretional facilies, and community gathering places.No Yes 1x Uninsured Percentage of the population without health insurance.No Yes 1x Asthma Percentage of the adult population with asthma.No Yes 1x Obesity Percentage of the adult population with obesity.No Yes 1x Depression Percentage of the adult population with depression.No Yes 1x Healthcare Facilities Proximity to healthcare facilities.No Yes 1x Homeownership Percentage of occupied housing units occupied by the owner.Yes Yes 1x 1x Cost Burden Percentage of households spending more than 30% of income on housing costs.No Yes 1x Home Value Median home value of owner-occupied units.No Yes 1x Family Sized Units Percentage of housing units with 3 or more bedrooms.No Yes 1x Crowding Percentage of occupied housing units with more than 1.5 occupants per room.Yes Yes 1x 1x Occupied Units Percent of units that are Occupied Yes Yes 1x 1x Low-Cost Loans Percentage of owned houses with low-cost loans Yes No 1x Results •More overall land area •Area zoned for multifamily increases (more the 2x the original acreage) •Added tracts in Avenues, Central City, East Central, East Liberty, Liberty Wells, and Sugar House Business District Current Map Proposed Map 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: November 1, 2023 PREPARED BY: Austin Taylor, Project Manager Tracy Tran, Senior Project Manager Eric Holmes, Data Manager RE: High Opportunity Areas: Proposed Map Update REQUESTED ACTION: Review the updated data set, ranking methodology, and map for High Opportunity Areas POLICY ITEM: Affordable Housing BUDGET IMPACTS: The RDA currently has $2.7 million budgeted to fund affordable housing projects in High Opportunity Areas EXECUTIVE SUMMARY/BACKGROUND The Redevelopment Agency of Salt Lake City (“RDA”) is proposing an update to the data set, ranking system, and eligibility map of the City’s High Opportunity Areas. The High Opportunity Area map identifies Census Tracts in Salt Lake City in which low-income households have convenient access to physical and social assets (such as employment, education, and high-income neighbors) that increase their chance of improving their economic situation. In 2015, the Kem C Gardner Policy Institute created the Opportunity Index. The Index used a set of economic- and housing-related metrics (such as median household incomes, home ownership rates, and housing cost burden rates) to determine Census Tracts in Salt Lake City in which low-income households would have the greatest opportunity of improving their economic situation. In 2017, the RDA Board, using the Opportunity Index, set aside $4.5M to finance affordable housing development within High Opportunity Areas. Since then, the RDA Board has received and approved one loan application for these funds. RDA staff seeks to update the High Opportunity Area map to expand affordable housing funding opportunities and incentives. The RDA’s proposed update includes the following changes: 1 1. An expanded data set with the most current data available and a more wholistic view of community assets 2. A revised ranking system that factors in a wholistic set of metrics and prioritizes housing and economic data 3. An updated map, using revised data, which shows the Census Tracts in which affordable housing projects are eligible for High Opportunity Area loans CHALLENGES WITH CURRENT HIGH OPPORTUNITY AREA MAP RDA staff is proposing to update the High Opportunity Area Map because of the following challenges: 1.The current map’s data—from 2011 to 2015—is outdated 2.The current data set’s metrics do not acknowledge many important community assets that increase a low-income household’s ability to improve their economic situation, such as crime rates, proximity to childcare, and education level of the neighborhood population 3.Land within the current map’s eligible Census Tracts is difficult to develop affordable housing on for one of more of the following reasons: a.Large areas zoned for only single-family detached housing b.Limited area zoned for multifamily housing c.Historic district overlays d.Small parcel sizes e. Few vacant parcels f.Lack of IRS-designated Qualified Census Tracts and Difficult Development Areas, which boost a Low Income Tax Credit-funded project’s tax credit eligibility by up to 30% Together, these challenges have limited the number of affordable housing developments the RDA has been able to fund within high opportunity areas. The RDA currently has $2.7 million in funds set aside from the initial $4.5 million 2017 allocation. PROPOSED HIGH OPPORTUNITY AREA DATA AND MAP UPDATE RDA staff’s proposed update to the High Opportunity Area data and map includes the following changes: 1. Updated the Opportunity Index model data sources with current data. 2.Additional metrics that acknowledge a more wholistic set of community assets 3.A new data weighting system that factors in a wholistic set of metrics and prioritizes housing and economic data 4. Removed Census Tracts without residential zoning (such as Northwest Quadrant and other industrial land) 5. Removed Census Tracts that have only a small portion of land inside Salt Lake City boundaries 6. After updating the map with the changes listed above, two Census Tracts that did not show up as High Opportunity Area Census Tracts, but were surrounded entirely by High Opportunity Area Census Tracts, were added as High Opportunity Area Tracts to prevent islands in similar 2 neighborhoods. These changes to the data set and weighting system update the map of Census Tracts in which affordable housing development projects are eligible for High Opportunity Area funding. The proposed map would remove Census Tracts in the East Central and Sugar House neighborhoods while adding Census Tracts in The Avenues, Central City, East Central, East Liberty, Liberty Wells, and Sugar House neighborhoods. Many Census Tracts in Yalecrest, Wasatch Hollow, Foothill, East Bench, and Bonneville Hills remain. This proposed change would increase the overall land area and more than double the land area that allows for multifamily dwellings classified as High Opportunity Areas. REDEVELOPMENT ADVISORY COMMITTEE RDA staff brought this proposed High Opportunity Area update to the Redevelopment Advisory Committee on October 4, 2023. Committee members provided the following recommendations: 1. Utah Housing Corporation is currently offering 10%-30% basis boost for 9% LIHTC developments in High Opportunity Areas. They are using the 2015 data and map the RDA is currently using. This map can be found starting on Page 145 of the latest Qualified Allocation Plan document. The RDA may want to connect with Utah Housing Corporation to talk about how this proposed update could impact their program. 2. Though the RDA’s High Opportunity Area funding helps developers finance affordable housing developments in high opportunity neighborhoods, there is still significant community pushback against affordable housing in those neighborhoods. 3. RDA staff may want to compare this map with other maps of financial incentive programs for affordable housing development—such as the map of HUD Opportunity Zones, Qualified Census Tracts and Difficult Development Areas, Utah Housing Corporation High Opportunity Areas, and Salt Lake City RDA Project Areas. NEXT STEPS Following a recommendation from the RDA Board, staff will either update the High Opportunity Area map in applicable materials, or continue to work with the current map. PREVIOUS BOARD ACTION • In 2017, the RDA Board set aside $4.5M to finance affordable housing projects in High Opportunity Area Census Tracts • In 2019, the RDA Board approved a $1.8M loan for Richmond Flats affordable housing project at 2960 South Richmond Street ATTACHMENTS A. Current vs Proposed Metrics and Data Weighting B. Current vs Proposed High Opportunity Area Census Tracts C. Proposed High Opportunity Area Map 3 ATTACHMENT A: CURRENT VS PROPOSED METRICS AND WEIGHTING Variable Description In 2015 Proposed 2015 Weight Proposed Weight Unemployment Percentage of civilian labor force age 16 and over without a job.Yes Yes 1x 2x Poverty Percentage of families with a household income in the last 12 months below the poverty line.Yes Yes 1x 2x Food Assistance/ SNAP Benefits Percentage of households receiving Food Assistance/SNAP Benefits in the last 12 months.Yes Yes 1x 2x Income Median household income in the last 12 months.Yes Yes 1x 2x Jobs Total number of jobs accessible by car and transit.Yes Yes 1x 2x Commute Time Mean commute time.Yes Yes 1x 1x Childcare Facilities Proximity to childcare facilities.No Yes 1x High School Diploma Percentage of population age 25 and older with a high school diploma or higher.No Yes 1x School Report Card Mean school score reported by the Utah State Board of Education School Report Card.Yes Yes 1x 1x Bachelor's Degree Percentage of population age 25 and older with a bachelor's degree or higher.Yes Yes 1x 1x Crime Mean count of crimes recorded by the SLCPD in the last 12 months.No Yes 1x Grocery Stores Proximity to grocery stores.No Yes 1x Open Space Proximity to open space.No Yes 1x Transit Proximity to transit stops including bus stops, TRAX stations, and FrontRunner stations.No Yes 1x Community Services Proximity to community services including food banks, human services, and government offices.No Yes 1x Community Centers Proximity to community centers including libraries, recretional facilies, and community gathering places.No Yes 1x Uninsured Percentage of the population without health insurance.No Yes 1x Asthma Percentage of the adult population with asthma.No Yes 1x Obesity Percentage of the adult population with obesity.No Yes 1x Depression Percentage of the adult population with depression.No Yes 1x Healthcare Facilities Proximity to healthcare facilities.No Yes 1x Homeownership Percentage of occupied housing units occupied by the owner.Yes Yes 1x 1x Cost Burden Percentage of households spending more than 30% of income on housing costs.No Yes 1x Home Value Median home value of owner occupied units.No Yes 1x Family Sized Units Percentage of housing units with 3 or more bedrooms.No Yes 1x Crowding Percentage of occupied housing units with more than 1.5 occupants per room.No Yes 1x 1x Occupancy Percentage of housing units that are occupied No Yes 1x 1x Low Cost Loans Percentage of owned homes with low cost loans Yes No 1x 4 ATTACHMENT B: CURRENT VS PROPOSED HIGH OPPORTUNITY AREA CENSUS TRACTS Current High Opportunity Area Census Tracts Proposed High Opportunity Area Census Tracts 5 ATTACHMENT C: PROPOSED HIGH OPPORTUNITY AREA MAP 6 ATTACHMENT D: 2023 OPPORTUNITY INDEX MAP UPDATE 7 ATTACHMENT E: HIGH OPPORTUNITY INDEX SCORES SCORING NOTES The High Opportunity Index uses an eleven-point rating scale to evaluate metrics associated with high economic opportunity by census tract. Scores 0-2 indicate very low opportunity, 3-4 indicates low opportunity, 5-6 indicate moderate opportunity, 7-8 indicate high opportunity, and 9-10 indicate very high opportunity. In the previous methodology, scoring used county-level thresholds to determine scoring from 0-10 for each of the variables seen in Attachment A. Those scores were then averaged to create their opportunity index score. Tract Opportunity Index Score Tract Opportunity Index Score 1001 3 1028.01 2 1002 5 1028.02 4 1003.06 3 1029 2 1003.07 2 1030 6 1003.08 1 1031 8 1005 1 1032 6 1006 0 1033 7 1007 5 1034 8 1008 5 1035 7 1010 8 1036 10 1011.01 6 1037 8 1011.02 9 1038 7 1012 8 1039 7 1014.01 3 1040 9 1014.02 4 1041 8 1015 8 1042 9 1016 6 1043 6 1017 8 1044 7 1018 4 1047 8 1019 7 1048 5 1020 6 1049 5 1021 7 1118.02 6 1023 5 1140 6 1025.01 4 1141 7 1025.02 6 1145 1 1026 3 1147 3 1027.01 3 1148 8 1027.02 1 Scoring Categories 0-2 – Very Low Opportunity 3-4 – Low Opportunity 5-6 – Moderate Opportunity 7-8 – High Opportunity 9-10 – Very High Opportunity 8 For the proposed methodology, scoring for the Opportunity Index was done by evaluating each tract on the variables in attachment A as compared to other census tracts in the city. A normalization formula is used to establish the thresholds for scoring in 11 equal scoring ranges (0-10). Each tract’s normalized scores for all variables were then multiplied by their determined weight and aggregated. The aggregate scores are then put through the same normalization formula to determine the overall Opportunity Index score. Weighting for the variables was determined by the RDA team with input from other stakeholders and city staff. 9 STAFF REPORT BOARD OF THE REDEVELOPMENT AGENCY of SALT LAKE CITY TO:RDA Board Members FROM: Jennifer Bruno, Deputy Director DATE: November 14, 2023 RE: Informational Update on Housing and Transit Reinvestment Zone (HTRZ) applications PROJECT TIMELINE: Briefing: Nov 14, 2023 Potential Action: Dec 12, 2023 ISSUE AT-A-GLANCE The Administration’s transmittal provides an overview of the Housing and Transit Reinvestment Zone (HTRZ) tool, and updates the RDA Board on two applications for HTRZs in Salt Lake City: •900 South/200 West TRAX stop – ¼ mile radius around the TRAX stop o Status: submitted earlier this year. Currently before state review committee for consideration. o Potential projects in application: affordable housing, Green Loop, Grand Boulevards, infrastructure improvements, and/or public transit extension. o Next steps: If the state committee approves this application, the next step will be an interlocal agreement between the City and RDA (potentially at the December or January Board/Council meeting). Taxing entity participation will then be set up as directed by the HTRZ committee and potential projects can be considered, with the policy guidance of the HTRZ reimbursement policy which will be considered by the Board in December (see below). •Intermodal Hub – 1/3 mile radius around the frontrunner stop o Status: application to be submitted in the near future o Potential projects in future application: Station Center development efforts, Green Loop along 500 West, light rail extension, shared parking garage, historic preservation. o Next steps: RDA staff is finalizing the HTRZ application for submission to the State HTRZ reimbursement policy (guiding spending for all Salt Lake City HTRZs) – the RDA Board provided feedback on a potential HTRZ reimbursement policy at a work session during the September board meeting. Staff is continuing to incorporate those comments into a revised reimbursement policy for the board to consider adopting at the December board meeting. Goal of the briefing: Review the information presented in anticipation of considering changes to the HTRZ policy at the December RDA Board meeting. Page | 2 KEY ELEMENTS/BACKGROUND A. HTRZ Tool - The State originally created the Housing and Transit Reinvestment Zones (HTRZ) tool via Senate Bill 217 in 2021, in part to respond to the state’s housing crisis. This provides cities (via RDAs) an additional tool to incentivize increased mixed-use, multifamily housing development around existing transit nodes to meet the State’s growth projections and increase transit ridership. Several adjustments to the tool have been made in subsequent legislative sessions. RDA staff has provided the following comparison of HTRZs with traditional Community Reinvestment Areas (CRAs) based on current state code: Per state code, HTRZ funds may be used to pay for apportion of the costs associated with the following: •Income targeted housing costs •Structured parking within the HTRZ •Enhanced development costs •Horizontal construction costs •Vertical construction costs •Property acquisition costs •HTRZ Administrative costs •Public infrastructure POLICY QUESTIONS 1.Prioritizing future HTRZ applications - the Board may wish to discuss with the Administration a prioritization process for future HTRZ applications. As mentioned in the Administration’s transmittal, with the exception of HTRZs around frontrunner stations, the number of HTRZs in Salt Lake County is limited to 8 around TRAX/S-Line stations. S A L T L A K E C I T Y H O U S I N G & T R A N S I T R E I N V E S T M E N T Z O N E S R D A B O A R D M E E T I N G N O V E M B E R 1 4 , 2 0 2 3 Housing & Transit reinvestment Zone Act - SB 217/140 STATE HTRZ OBJECTIVES STATE HTRZ REQUIREMENTS Higher utilization of public transit Increasing availability of housing/affordable housing Water conservation through efficient land use Improve air quality by reduced fuel consumption & vehicular trips Strategic Areas: Encourage transformative mixed-use development and investment in public transportation & transit infrastructure Major Transit Corridor Investment: Strategic land use & municipal planning Increase access to employment & educational opportunities PROMOTE TRANSIT-ORIENTED DEVELOPMENT (TOD) BENEFITS OF TOD Land Use: 51% of developable HTRZ area must include residential uses Density: Average of 50 units/acre 10% of housing must be affordable (80% AMI) Reasonable percentage of units with more than one bedroom HTRZ - Funds Income targeted housing costs Public infrastructure Property acquisition costs Enhanced development costs Horizontal construction costs Vertical construction costs Structured parking within the HTRZ HTRZ Administration, including the State's ELIGIBLE USES: gap analysis CAPTURE RATE: •Property Tax Increment Participation - 80% Maximum •Sales Tax Increment Participation - 15% Maximum (deposited in the State’s Transit Transportation Investment Fund (TTIF)) •HTRZ Administration Fees - 1% of the HTRZ funds 9 0 0 S o u t h H T R Z Grand Boulevards Green Loop TRAX Extension Public Infrastructure Improvements POTENTIAL PUBLIC PROJECTS Term: 15 years Property Tax Increment: 80% 20% of units to be affordable housing averaging 60% AMI APPLICATION CONTINGENTLY APPROVED i n t e r m o d a l h u b Station Center RDA/UTA Development - Green Loop First and Last Mile Improvements East-West Connectivity Central Station Next Steps Interlocal Agreement Adoption HTRZ Implementation 900 South HTRZ For all HTRZs: • HTRZ Tax Increment Reimbursement Policy Submission of HTRZ Application Intermodal Hub HTRZ 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: October 27, 2023 PREPARED BY: Kate Werrett, RDA Project Manager Marcus Lee, RDA Project Coordinator RE: 900 South/200 West Housing and Transit Reinvestment Zone (HTRZ) Update and Intermodal Hub HTRZ Creation REQUESTED ACTION: Information Only – Review and discussion regarding HTRZ process POLICY ITEM: Project Area Creation BUDGET IMPACTS: N/A EXECUTIVE SUMMARY: In 2021, the State of Utah adopted Senate Bill 217 establishing the Housing and Transit Reinvestment Zone (“HTRZ”) Act (“Act”). In 2022, the State amended the bill to include the revisions set forth in Senate Bill 140. During the 2023 Legislative Session additional amendments to the Act were adopted in Senate Bill 84. Intended to help address Utah’s severe housing crisis, this legislation allows for municipalities to capture tax increment revenue around certain public transit facilities to facilitate mixed-use, multifamily, and affordable housing development and, ultimately, a higher utilization of public transit. This memo reviews HTRZ regulations, provides an update of existing and upcoming applications, and details the RDA HTRZ next steps. ANALYSIS: HTRZ Regulations In 2021, Senate Bill 217 adopted the Housing and Transit Reinvestment Zone Act (“Act”), establishing the objectives and requirements to create HTRZs. The Act was updated in 2022 with the passing of Senate Bill 140 to clarify the process, requirements, and objectives of the HTRZs. An HTRZ is a specific type of project area located adjacent to public transit intended to promote sustainable mixed-use development, affordable housing, and public transportation. Up to 80% of incremental property tax generated within the project area can be collected to promote these objectives. 1. General HTRZ Requirements. Project area requirements that apply to every HTRZ project area include: • Property Tax Maximum Increment Participation: 80% • Housing 1 o Affordable Housing: At least 10% of housing units must be affordable to 80% AMI households o Must include a mixture of housing units to ensure a reasonable percentage of dwellings with more than one bedroom • Land Use: 51% of developable area must be residential • Density: an average of 50 dwelling units per acre is required. o There is a caveat that if a Bus Rapid Transit’s (“BRT’s”) tax increment collection is reduced to 60%, its project area may have a reduced density of 39-49 dwelling units per acre. • Tax Increment Collection Cap: Determined by the proposal • HTRZ Administration Fees: 1% of the HTRZ funds 2. Transit Stop Requirements. A unique difference between HTRZs and other types of project areas (such as Community Reinvestment Areas (“CRAs”)) is that HTRZs must be established within a specified distance of a transit stop. The Act provides requirements and limitations dependent on the type of transit stop an HTRZ encompasses. Certain limiting factors are defined by the project area transit stops for commuter rail, light rail, BRT, or those located within an Opportunity Zone. Examples of varying allowances dependent on the type of transit stop include: • Size of Project Area • Maximum Acreage • Term and Phase Length • Number of HTRZ project areas per transit stop type allowed per county The table below shows the differences between possible project areas within Salt Lake City. FRONTRUNNER TRAX/S-LINE BRT OPPORTUNITY ZONE BOUNDARY DISTANCE FROM STATION 1/4 MILE X X 1/3 MILE X 1/2 MILE X (regardless of transit type) Note: Any parcels bisected by the radius boundary can be included in their entirety MAXIMUM ACREAGE NONCONTIGUOUS ACRES 125 100 100 Dependent on station type TAX INCREMENT TERM & PHASE LENGTH 25 year phases within a 45-year period 15 year phases within a 30-year period Dependent on station type NUMBER OF HTRZ PROJECT AREAS ALLOWED PER COUNTY HTRZs per County (#) Not defined 8 3 1 3. HTRZs Comparison with Community Reinvestment Areas (“CRAs’) – While similar to existing tax increment project areas such as CRAs, HTRZs vary in some significant ways as summarized in the table below. CRAs are subject to Title 17C of the Utah State Code. 2 HTRZ CRA Creation • HTRZ proposal is submitted to the Governor’s Office of Economic Opportunity • State appointed HTRZ Committee commissions a gap analysis and reviews/approves proposal • Survey Resolution adopted by the Redevelopment Agency of Salt Lake City’s (“RDA’s") Board of Directors (“Board”) • Project Area Plan & Budget Public Hearing • RDA Board adopts Plan & Budget • City adopts ordinance approving the Plan & Budget Taxing Entities • Required taxing entity participation as agreed to by the HTRZ Committee • Taxing entities may opt out of participation • Participation is negotiated and established with interlocal agreements Tax Increment • Participation Rate: up to 80% of property tax increment • Participation Rate: Property tax increment as negotiated RDA Board Controls • HTRZ goals/policy decisions • Budgeting of funds • Tax Increment Reimbursement Agreements (TIRAs) & other development assistance programs • RDA Board reviews and approves CRA creation and implementation throughout the process • Budgeting of funds • Tax Increment Reimbursement Agreements (TIRAs) & other development assistance programs NOTE: Other tax increment funding sources are available, and applicability varies depending upon the type of project. Two possible options are PIDs and TRZs. 4. Use of HTRZ Funds – Per 63N-3-607, HTRZ funds may be used to pay for a portion of the costs associated with the following: a. Income targeted housing costs b. Structured parking within the HTRZ c. Enhanced development costs d. Horizontal construction costs e. Vertical construction costs f. Property acquisition costs g. HTRZ Administration, including the State’s gap analysis h. Public infrastructure HTRZ Objectives 1. State Objectives – As summarized by Zions Public Finance in a 2021 HTRZ White Paper, the Act represents an “all-hands-on-deck” approach to helping mitigate the housing affordability crisis along the Wasatch Front, and to better utilize transit infrastructure and investment. It intends to encourage transit-oriented development (TOD) near UTA FrontRunner stations, and other transit stops, through tax increment financing and integral city and agency planning efforts. The Act includes seven main objectives as follows: a. Higher utilization of public transit b. Increasing availability of housing, including affordable housing c. Conservation of water resources through efficient land use d. Improving air quality by reducing fuel consumption and motor vehicle trips e. Encouraging transformative mixed-use development and investment in transportation and public transit infrastructure in strategic areas f. Strategic land use and municipal planning in major transit investment corridors 3 g. Increasing access to employment and educational opportunities 2. Alignment with City Objectives – While various city plans provide guidance regarding the State’s overarching HTRZ objectives, encouraging transit-oriented and affordable housing development in strategic areas of the city – especially as a means to conserve water, improve air quality, and increase access to employment and education – are objectives that city plans and the RDA’s Guiding Framework (see attached) generally support. Multiple guiding principles within the citywide vision plan, Plan Salt Lake (2015), directly align with the objectives of HTRZ creation, particularly the promotion of: a. Growing responsibly while providing people with choices about where they live, how they live, and how they get around. b. Access to a wide variety of housing types for all income levels throughout the City, providing the basic human need for safety and responding to changing demographics. c. A transportation and mobility network that is safe, accessible, reliable, affordable, and sustainable, providing real choices and connecting people with places. d. Air that is healthy and clean. e. Protecting the natural environment while providing access and opportunities to recreate and enjoy nature. f. A balanced economy that produces quality jobs and fosters an environment for commerce, local business, and industry to thrive. Current HTRZ Application: 900 South/200 West TRAX Stop The area primarily covers the Salt Lake City’s Granary District, Central Ninth neighborhood, and a portion of downtown. The area is comprised of a mix of land uses including office, commercial, single-family and multi-family residential. While the area is experiencing growth, public support is needed to facilitate sustainable affordable housing opportunities that are needed throughout the City and especially adjacent to the Central Business District’s employment center. Much denser, transit-oriented development is also needed to take full advantage of existing light rail that runs through the proposed HTRZ and the associated public transit community benefits. The Granary District is transitioning from primarily industrial uses and warehouse buildings to the City’s center of creativity – with makerspaces for artists and tradespeople, culinary and recreational experiences, life sciences, and local businesses of all types and sizes. Due to the industrial history of this area, the neighborhood has developed without the infrastructure commonly found in the rest of the city. Many streets do not have the basic pedestrian enhancements such as sidewalks, street trees, park strips, curb and gutter. Public infrastructure investment is greatly needed to support this neighborhood’s growth and the innovation happening within it. Transformative public projects that are anticipated to be supported through the creation of this HTRZ include affordable housing, the Green Loop, the Grand Boulevards, infrastructure improvements, and a public transit extension. If not for funding provided by the proposed HTRZ, growth may happen sporadically, and not contain the affordability, nor the density to support the revitalization of the area in alignment with city plans. It’s anticipated that tax increment will be used for the following categories: • Private Development Support (must incorporate public benefits) • Public Project Support • HTRZ Administration The 900 S/200 W HTRZ application was submitted earlier this year. In November 2023, the State-appointed HTRZ Committee will meet to consider the 900 South/200 West HTRZ application. Due to the high concentration of recent construction and proposed development projects in the area, this project area was proposed first to support and ensure the inclusion public benefits. 4 Upcoming HTRZ Application: Intermodal Hub Salt Lake City’s intermodal transit hub, located at approximately 600 West and 300 South, encompasses the Station Center development making this a top priority location for tax increment opportunities. Located a block west of the Rio Grande Depot, this hub includes multiple public transportation connections, including UTA’s FrontRunner, TRAX blue line, Amtrak, and the Greyhound bus. With these lines all convening at this point, “first and last-mile” improvements are critical. As this area is adjacent to a FrontRunner station, the potential project area is excluded from the State’s quota of eight light rail HTRZs per County; therefore, it was not submitted as the Agency’s first HTRZ request to the State. RDA Staff is preparing this application for submission in the near future as a means to support the Agency’s Station Center development efforts, implementation of the Downtown Plan’s Green Loop along 500 West, and the potential light rail extension project. More generally, there is significant potential here to facilitate improved east-west connectivity. The application will include details on public and private development plans for the area, including elements of the RDA’s Station Center Vision & Implementation Plan. Significant quantities of land are owned by the City and other public entities. It is anticipated that a significant portion of tax increment generated by the project area will support the development of new infrastructure, a shared parking garage, upgraded transit facilities, and the historic preservation of buildings. RDA staff is finalizing an HTRZ application centered around the Frontrunner station located at the Intermodal Hub to submit to GOEO for consideration. HTRZ STATION 5 Next Steps 900 South/200 West HTRZ • Interlocal Agreement Adoption – If the HTRZ Committee approves the 200 West/900 South HTRZ proposal, an interlocal agreement between the City and the RDA will be provided for discussion at the December RDA Board Meeting, with action to take place at the January City Council and RDA Board Meetings. • HTRZ Implementation – If the HTRZ Committee approves the 200 West/900 South HTRZ proposal, taxing entity participation as established by the HTRZ Committee will be formalized and potential developer incentives will be considered. Intermodal Hub HTRZ • Submission of Intermodal Hub HTRZ Application – Section 63N-3-604 of the Act provides requirements for the application submission to GOEO. These requirements include defining the project boundary, identifying included parcels, establishing a base year and collection years, explaining how the State Objectives will be met, the tax increment projections, and other several other requested items. The HTRZ Committee uses the tax increment projection included in the proposal to set the HTRZ cap. RDA staff is finalizing an HTRZ application for development surrounding UTA’s Salt Lake Central Station. Infrastructure, revitalization, and catalytic development are the focus of the proposal submission. 6 For all HTRZs • HTRZ Tax Increment Reimbursement Policy – The RDA Board has provided feedback on the HTRZ Tax Increment Reimbursement Policy and RDA staff will present it for adoption at the December Board Meeting. The existing tax increment reimbursement policy is subject to the requirements of the Utah Community Reinvestment Agency Act (17(c)), rather than the Housing Transit Reinvestment Zone Act. The policy will outline threshold requirements for participation in reimbursement agreements associated with HTRZ project areas. ATTACHMENTS: A. Eligible HTRZ Locations Map B. Transit Station Map C. Guiding Framework 7 ATTACHMENT A: ELIGIBLE HTRZ LOCATIONS MAP 8 ATTACHMENT B: TRANSIT STATION MAP 9 ATTACHMENT C: GUIDING FRAMEWORK 10 MAYOR ERIN MENDENHALL DANNY WALZ Executive Director Director REDEVELOPMENT AGENCY of SALT LAKE CITY STAFF MEMO DATE:October, 27, 2023 PREPARED BY: RE: Jim Sirrine, Property Manager Redevelopment Agency Semi-Annual Property Report REQUESTED ACTION: None. Written Briefing EXECUTIVE SUMMARY: As directed in the Land Disposition Policy, the RDA provides the Board, not less than semi-annually per fiscal year, an inventory of all Tier 1 and Tier 2 properties. ANALYSIS & ISSUES: The attached report contains a current inventory of all RDA owned properties. The report includes the description, address, parcel ID, size, zoning, and tier category of each property. In addition, the report details the approximate acquisition date, current category of disposition, interim use, and proposed permanent use for each property. This report includes the addition of a Depot District parcel purchased from Artspace and added to Station Center Parcel 6. ATTACHMENTS: •November 2023 RDA Property Report SALT LAKE CITY CORPORATION 451 SOUTH STATE STREET, ROOM 118 P.O. BOX 145518, SALT LAKE CITY, UTAH 84114-5518 WWW.SLC.GOV · WWW.SLCRDA.COM TEL 801-535-7240 · FAX 801-535-7245 9 LINE 1) Commissary Kitchen2423 BLOCK 70 2) Eccles Theater and Ancillary Spaces 3) Regent Street at 200 South CENTRAL BUSINESS DISTRICT 4) Broadway Center (Parking Garage) 5) Gallivan Center Plaza, Parking, and Retail (Block 57) 6) Land - Vivint Arena (Block 79) 7) Metro Condos Parking (Block 53) 18 19 616 17 2 3 5 15 14 13 498 DEPOT DISTRICT 10 12 11 7 8) Rio Grande Hotel (Block 62) 9) Station Center Parcel 1 10) Station Center Parcel 2 11) Station Center Parcel 3 12) Station Center Parcel 4 13) Station Center Parcel 5 14) Station Center Parcel 6 15) Sun Bar (Block 47) 1 25 16) Central Station (South) 17) Central Station (North) NORTH TEMPLE 18) SPARK! Project 19) Folsom Trail Property SUGAR HOUSE 20) Street Car Power Substation Site 21) S-Line Greenway 22) Sugarmont Plaza WEST CAPITOL HILL 23) Marmalade Development 24) 524 N. Arctic Court WEST TEMPLE GATEWAY 25) W. Montrose Ave 21 20 22 Semi-Annual Property Report | November 2023 Project Area/Property Description Assessor Address Parcel ID Acres/Total Zoning Tier Acquired Use Status Interim Use Proposed Reuse 9 LINE 1 Commissary Kitchen Former gas station property 877 W. 400 S.15-02-406-001-0000 0.32 0.32 R-MU-35 T-2 2021 Use Study Leased to Taqueria El Angel To be determined TOTAL # of Project Properties:1 # of Acres:0.32 # of Parcels: 1 BLOCK 70 Eccles Theater, retail spaces, and plaza Alley to Priority Dispatch and 111 16-06-105-064-0000 16-06-105-065-0000 1.7131 S. Main St. 147 S. Main St. 0.01 Theater events in partnership Permanent Use with County Center for the Arts and leased retail 2 3 Eccles Theater and Ancillary Spaces 1.79 D-1 D-1 T-1 T-1 2003-2014 N/A Midblock walkway connecting Main St. to Regent St. and access to the Eccles Theater 16-06-105-009-0000 0.08 Vacant land (former N. parking area of the NAC Drivers' Lounge)167 S. Regent St. 169 S. Regent St 167 S. Regent St. 16-06-151-003-0000 16-06-151-004-0000 16-06-151-018-0000 0.03 0.06 0.04 Construction staging for adjacent development Entered into a Purchase Agreement with Dakota Pacific Regent, LLCRegent St. at 200 S. St.Vacant land (former NAC Drivers Lounge)0.13 2013 Active Disposition Vacant land (former E. parking area of the NAC Drivers Lounge) TOTAL # of Project Properties:2 # of Acres:1.92 # of Parcels: 6 CENTRAL BUSINESS DISTRICT Leased to Broadway Center Limited4Broadway Center (Parking Garage)Parking structure with retail spaces Gallivan Center - plaza, event center, and amphitheater Parking Structure under Gallivan Center Plaza Retail 251 S. Floral St. 239 S. Main St. 49 E. Gallivan Ave. 228 S. State St. 16-06-154-048-0000 0.66 0.66 7.92 D-1 D-1 T-2 T-1 1989 Permanent Use Permanent Use N/A N/A 16-06-152-072-0000 16-06-152-077-2000 0.4 Event spaces, plaza, and walkway3.49 Leased to Boyer-Block 57 Associates LTD5Gallivan Center Plaza, Parking, and Retail (Block 57)16-06-152-077-6001 3.49 1984-1991 16-06-152-079-6001 16-06-152-079-2000 15-01-127-017-2000 15-01-127-017-2001 15-01-127-017-6001 15-01-127-018-6001 15-01-127-018-2000 16-06-309-001-0000 0.27 0.27 9.18 0.01 9.18 0.84 0.84 0.01 Retail spaces Arena - SE section Arena - SE section (underground) Arena - SE section (underground) Arena - NE Corner 301 W. S. Temple 365 W. S. Temple Land leased to Larry H. Miller Arena Group thru 20406 7 Land - Vivint Arena (Block 79) Metro Condos Parking (Block 53) 20.05 D-4 D-1 T-1 T-2 1989 1991 Permanent Use Permanent Use N/A N/A Arena - NE Corner (underground) Lower two levels (250 stalls) of an underground parking structure Parking stalls leased to the State of Utah350 S. 200 E.0.0216-06-309-002-0000 0.01 TOTAL # of Project Properties:4 # of Acres:28.65 # of Parcels: 13 DEPOT DISTRICT Leased to Home Inn Rio Grande, LLC8Rio Grande Hotel, Block 62 Home Inn - Single room occupancy housing units 428 W. 300 S.15-01-179-012-0000 0.3 0.3 D-3 D-3 T-2 T-1 2009 2008 Permanent Use N/A 243-255 S. 600 W. 265 S. 600 W. 15-01-151-009-0000 15-01-151-010-0000 15-01-151-011-0000 15-01-151-012-0000 15-01-151-013-0000 15-01-151-014-0000 15-01-152-012-0000 15-01-152-013-0000 15-01-152-014-0000 0.5 0.88 0.11 0.26 0.13 0.13 0.11 0.13 0.13 245 S. 600 W. 245 S. 600 W.Vacant land and warehouse (former Intermountain Furniture Company) Construction staging for adjacent development9Station Center Parcel 1 564-566 W. 300 S. 558-560 W. 300 S. 235 S. 600 W. 2.38 Use Study To be determined 552 W. 300 S. 544 W. 300 S. Vacant building (formally Serta mattress factory) Vacant land (formally Serta factory dock area) 15-01-302-018-0000 0.6 10 Station Center Parcel 2 535 W. 300 S.0.85 D-3 T-1 2002 Use Study N/A To be determined15-01-153-010-0000 15-01-153-011-0000 0.19 0.06 DEPOT DISTRICT (continued on next page) RDA‐Owned Properties ‐ Page 1 of 3 Semi-Annual Property Report | November 2023 Project Area/Property Description Assessor Address Parcel ID Acres/Total Zoning Tier Acquired Use Status Interim Use Proposed Reuse DEPOT DISTRICT (continued) 540 W. 400 S. 346 S. 500 W. 336 S. 500 W. 15-01-302-017-0000 15-01-302-021-0000 15-01-302-022-0000 0.93 Construction staging for adjacent development11 Station Center Parcel 3 Vacant land and blue warehouse 0.32 1.25 2.5 D-3 T-1 T-1 2002 2002 Use Study Use Study To be determined 15-01-302-019-0000 15-01-302-020-0000 0.16 0.31Vacant land 336 S. 500 W.N/A Warehouse building (former State art storage)310 S 500 W 519 W. 300 S. 15-01-153-009-0000 15-01-153-006-0000 0.59 0.13 2022 2002 2022 Leased to Utah State Archives 12 Station Center Parcel 4 1.53 D-3/D-2 To be determined Vacant land (formally owned by State of Utah)N/A529 W 300 S 523 W 300 S 15-01-153-004-0000 15-01-153-005-0000 0.18 0.16 Warehouse buildings 502 W. 300 S. 250 S. 500 W. 15-01-152-021-0000 15-01-152-025-0000 1.65 0.56 Leased to Sportswear Design Group, SLC "A Place For Your Stuff," Fill the Pot, and parking for Mac. Flats 13 Station Center Parcel 5 2.21 D-3 T-1 2010 Use Study To be determined Paved parking lot area (formally Beehive Brick parking ) Vacant land Intermountain Furniture- N warehouse Parking Lot/Rail Spur 233 S. 600 W. 235 S. 600 W. 15-01-151-005-0000 15-01-151-008-0000 15-01-151-020-0000 0.31 0.49 0.36 2008 2023 Temporary Shelter Community Storm Water Project 14 Station Center Parcel 6 15 Sun Bar (Block 47) 1.16 0.31 D-3 T-1 T-2 Use Study Use Study To be determined To be determined 230 S. 500 W. (600 W.) Construction staging for adjacent developmentVacant land 702 W. 200 S.15-02-234-015-0000 0.31 GMU 2003 2015Single family home (vacant) Howa Gardens, SE Howa Gardens, NE Howa Gardens, S Howa Gardens, SW Howa Gardens, NW Howa Storage Bays Former Miera parcel (north) Former Miera parcel (south) Vacant lot (city land swap for substation) Howa Offices, N 42 S. 600 W.15-01-104-004-0000 15-01-104-014-0000 15-01-104-013-0000 15-01-104-015-0000 15-01-103-023-0000 15-01-103-021-0000 15-01-103-022-0000 15-01-103-017-0000 15-01-103-005-0000 15-01-103-020-0000 15-01-107-042-0000 15-01-107-041-0000 15-01-107-034-0000 15-01-107-035-0000 15-01-107-036-0000 15-01-107-037-0000 15-01-107-038-0000 15-01-107-039-0000 15-01-107-040-0000 0.15 0.27 0.31 0.08 0.34 0.37 0.5 N/A 622 W. 100 S. 624 W. 100 S. 626 W. 100 S. 632 W. 100 S. 636 W. 100 S. 648 W. 100 S. 650 W. 100 S. 652 W. 100 S. 662 W. 100 S. 663 W. 100 S. 663 W. 100 S. 657 W. 100 S. 655 W. 100 S. 653 W. 100 S. 651 W. 100 S. 633 W. 100 S. 633 W. 100 S. 625-627 W. 100 S. Leased: gardens - Green Team job training; storage units - multiple tenants 2008 Included as part of the Salt Lake Central Station area plan16 Central Station (North)2.33 GMU T-1 Use Study 0.13 0.08 0.1 2022 2021 N/A 0.25 0.25 0.2 Howa Offices, S Howa Yard 1 Howa Yard 2 0.01 0.16 0.16 0.34 0.19 0.22 Included as part of the Salt Lake Central Station area plan17 Central Station (South)Howa Yard 3 1.78 GMU T-2 2008 Use Study Leased to Utah Art Alliance Howa Yard 4 Howa Yard 5 Howa Paint Shop Howa Yard E TOTAL TOTAL # of Project Properties: 10 # of Acres:15.35 # of Parcels: 46 NORTH TEMPLE 19 Folsom Trail Property Vacant building (former Schovaers Electronics)22 S JEREMY ST 15-02-204-007-0000 0.34 0.34 TSA-UN T-2 2023 Use Study N/A To be determined # of Project Properties:1 # of Acres:0.34 # of Parcels: 1 RDA‐Owned Properties ‐ Page 2 of 3 Semi-Annual Property Report | November 2023 Project Area/Property Description Assessor Address Parcel ID Acres/Total Zoning Tier Acquired Use Status Interim Use Proposed Reuse SUGAR HOUSE 20 Street Car Traction Power Substation Site 21 S-Line Greenway S-Line Facility 1015 E. Sugarmont Dr.16-20-205-021-0000 0.06 0.06 0.04 R-1-5000 T-1 T-1 2012 Permanent Use S-Line Facility N/A N/AS-Line/Parley's Trail Greenway 2211 S. 900 E 16-20-135-021-0000 16-20-252-008-0000 16-20-252-001-0000 0.04 0.85 0.32 FB-SE 2013 2012 Permanent Use S-Line/Parley's Trail Greenway Construction staging for adjacent developmentRetail building and parking (former DI) Former Sugarhouse Fire Station (West) 2234 S. Highland Dr. 1085 E. Simpson Ave. CSHBD1 N/A RDA staff is working through due diligence and considering options and schedule for marketing property. 22 Sugarmont Plaza 1.61 T-1 Use StudyFormer Sugarhouse Fire Station (East) SLC Facilities Maint. Bldg. 1085 E. Simpson Ave. 1113 E. Simpson Ave. 16-20-252-002-0000 16-20-252-003-0000 0.14 0.21 N/A PL 2021 SLC Facilities Dept. East Parking Area 1104 E. Sugarmont Dr.16-20-252-005-0000 0.09 N/A TOTAL TOTAL # of Project Properties: 3 # of Acres:1.71 # of Parcels: 7 2005 WEST CAPITOL HILL 23 Marmalade Development Marmalade Lot 1 - Future Park Vacant Land 524 N. 300 W.08-36-205-044-0000 08-36-206-011-0000 0.56 0.11 0.56 R-MU T-1 T-1 Permanent Use N/A N/A Future Park Single family home. Preparing RFP for construction.24 524 N. Arctic Ct.524 N. Arctic Ct.0.11 SR-1A 2015 Active Disposition # of Project Properties: 2 # of Acres:0.67 # of Parcels: 2 WEST TEMPLE GATEWAY 15-12-206-013-6000 15-12-206-013-2000 15-12-206-015-6000 0.1 0.1 0.09 Vacant shop and apartment (formally T&G Upholstery)745 S. 300 W. Vacant land (formally A&E Generator, N. yard) Vacant land 252 W. Montrose Ave. 254 W. Montrose Ave.*The 2.16 acres includes a private street with unclear ownership. Removing the private15-12-206-017-0000 0.1 Leased shop and storage to 15-12-206-016-6000 15-12-206-016-2000 0.09 0.09 Bulldog Sheetmetal Fabrication street from acreage totals, reduces the total toBuilding (Bulldog Sheet Metal) Vacant land and storage building (formally DeVroom) Vacant land 244-246 W. Montrose Ave. 753 S. 300 W. less than 2 acres, classifying the assemblage as a Tier 2 property. RDA staff is working through the street issues and will market property once a path forward has been determined. 25 W. Montrose Ave.2.16 FBUN-2 T-1*2008 Use Study 15-12-207-001-0000 0.34 244 W. 800 S.15-12-207-012-0000 15-12-206-015-2000 15-12-207-013-0000 15-12-207-002-0000 0.1 252 W. Montrose Ave. 264 W. 800 S. 0.09 0.84 0.22 NAVacant building (formally A&E Generator) Vacant land (formally Zaxx Car Wash)765 S. 300 W. TOTAL # of Project Properties: 1 # of Acres:2.16 # of Parcels: 11 COMBINED TOTALS # of Project Properties: 24 # of Acres:51.12 # of Parcels: 87 RDA‐Owned Properties ‐ Page 3 of 3