5/5/2022 - Meeting Minutes MINUTES of the
REDEVELOPMENT AGENCY FINANCE COMMITTEE
Thursday, May 5, 2022
9:00 a.m.
1. Roll Call
The following members were present:
Danny Walz, Redevelopment Agency
Mary Beth Thompson, Finance
Peter Makowski, Economic Development
Brent Beck, Community and Neighborhoods for Blake Thomas
Tony Milner, Housing Stability
The following members were absent:
Claudia O'Grady, Redevelopment Advisory Committee
Also Present:
Sara Montoya, Senior City Attorney;Allison Parks, Senior City Attorney; Cara Lindsley, RDA Deputy Director; Erin Cunningham,
Financial Analyst; Kathryn Hackman, RDA Communications and Outreach Assistant; Felina Lazalde, RDA Office Facilitator;Austin
Taylor, RDA Project Manager;Tracy Tran, RDA Project Manager; Kort Utley, RDA Senior Project Manager; Kate Werrett, RDA
Project Manager; Donna Matturro McAleer, Bicycle Collective; Todd Reader, Bicycle Collective; Sean Murphy, Bicycle Collective;
Max Coreth, High Boy Ventures, LLC(West End); Robyn Stine, RDA Office Manager
2. Business
A. Discussion and Adoption of the RDA Finance Committee Bylaws—Acting Chair, Danny Walz
Mary Beth Thompson made a motion to adopt the RDA Finance Committee Bylaws. Peter Makowski seconded the motion.
Upon roll call,the motion passed with the following breakdown:
Yes No Abstain
Danny Walz Tony Milner
Mary Beth Thompson
Peter Makowski
Brent Beck
B. Selection of ChairNice Chair for Calendar Year 2022—Acting Chair Danny Walz
Mary Beth Thompson nominated Danny Walz for Chair. Peter Makowski seconded the nomination. Upon roll call, the
nomination was confirmed unanimously.
Peter Makowski nominated Blake Thomas for Vice Chair. Danny Walz seconded the nomination. Upon roll call,the nomination
was confirmed unanimously.
C. Open and Public Meetings Act Training—Sara Montoya, Senior City Attorney
City Attorney Sara Montoya explained that each year there is a statutory requirement to provide this training to all members of
public bodies who are subject to the Open and Public Meetings Act. The main point of the act is to recognize that, as a public
body, the business of the RDA Finance Committee should be in view of the public, open and transparent.
Ms. Montoya provided training on the Open and Public Meetings Act and asked if there were any questions.
There being no questions,she ended her presentation.
D. Bicycle Collective Loan Request—Tracy Tran, Project Manager
Ms. Tran gave an overview of the Bicycle Collective request for a $1,750,000 commercial loan for a new construction
development located at approximately 901 S. Gale Street.
Discussion:
• Tony Milner asked about the Bicycle Collective's board and structure, if there was a separate fundraising board,and
what the fund-raising strategies were.
• Sean Murphy, Chair of the Bicycle Collective board provided a brief history of the organization.
• Todd Reeder, Building Committee Chair for the Bicycle Collection explained that COVID has affected fundraising
which is why they are requesting this loan.
• Donna Matturro McAleer shared the mission and vision of the Bicycle Collective. She also explained that this loan will
help mitigate construction costs.
Mary Beth Thompson made a motion to recommend the Bicycle Collection Loan request to the RDA Board for approval. Brent
Beck seconded the motion. Upon roll call,the motion passed unanimously.
E. West End Loan Extension -Kate Werrett&Tracy Tran, Project Managers
Ms.Werrett provided an overview to the RDA Finance Committee of a request for a 5-year term extension for an existing
$3,100,000 commercial loan for an adaptive reuse development located at approximately 740 West 900 South.
Max Coreth, Highboy Ventures, LLC, shared with the Committee that the pandemic changed a lot of things which is why they
are requesting this loan. He said that they would like to activate the alley and create active uses for the space including
restaurants and coffee shops;adding that they have an LO1 with a group that want to open a Cidery. He also said eventually
plan to build affordable housing on the adjacent parcel,which they own.
Discussion:
None
Tony Milner made a motion to recommend the West End Loan Extension request to the RDA Board for approval. Brent Beck
seconded the motion. Upon roll call,the motion passed unanimously.
3. Adjournment
There being no further business the meeting was adjourned.
Danny Walz, Chairperson
This document along with the digital recording constitute the official minutes of the Redevelopment Agency Finance Committee held
May 5, 2022.
2022-05-05 FC Minutes FINAL
Final Audit Report 2022-07-13
Created: 2022-07-13
By: Robyn Stine(robyn.stine@slcgov.com)
Status: Signed
Transaction ID: CBJCHBCAABAAKWHwcdgFhgEwK6j4Izhq5GSMiIbmTiMG
"2022-05-05 FC Minutes FINAL" History
' Document created by Robyn Stine (robyn.stine@slcgov.com)
2022-07-13-6:06:26 PM GMT
Document emailed to Danny Walz (danny.walz@slcgov.com) for signature
2022-07-13-6:06:44 PM GMT
• Email viewed by Danny Walz (danny.walz@slcgov.com)
2022-07-13-10:37:01 PM GMT
i, Document e-signed by Danny Walz (danny.walz@slcgov.com)
Signature Date:2022-07-13-10:37:17 PM GMT-Time Source:server
® Agreement completed.
2022-07-13-10:37:17 PM GMT
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