Motion Sheet - 7/4/2021Item D2
MOTION SHEET
Redevelopment Agency Board of SALT LAKE CITY
TO:RDA Board Members
FROM: Jennifer Bruno and Ben Luedtke and Allison Rowland
Deputy Director and Budget & Policy Analysts
DATE:June 15, 2021
RE: MOTION SHEET – Redevelopment Agency (RDA) FY 2022 Budget
– RED TEXT TO BE READ ALOUD BY BOARD MEMBERS –
MOTION 1 – TO ADOPT THE FY22 RDA BUDGET
I move that the Board adopt a resolution approving the FY22 RDA Budget reflected in the attached Key
Changes spreadsheet with the clarifications shown on the motion sheet.
RDA Capital Projects – $2,947,019 in capital projects are approved which do not lapse to Fund Balance with the
understanding that these will return to the Board when specific project / program proposals are available as follows:
a. $83,832 from the Central Business District and $667,535 from Program Income Fund for Storefront & Commercial
Revitalization into a holding account
b. $100,000 from Block 70 for Regent Street Parking Structure Reserve holding account
c. $332,179 from the Depot District for Station Center Infrastructure holding account
d. $200,000 from the Depot District for Environmental Remediation at Station Center Sites 3 & 4
e. $443,731 from the Granary District for Community & Cultural Initiative into a holding account
f. $30,474 from North Temple for the required 10% school fund
g. $289,268 from North Temple for a Strategic Interventions holding account
h. $350,000 Northwest Quadrant Shared Costs holding account
i. $200,000 from Program Income Fund for Sustainability Technical Assistance Program holding account
j. $250,000 from Program Income Fund for Gallivan repairs into a holding account
Overall Budget Process Note: Unless the RDA Board expressly appropriates funds, they’re ineligible to be spent.
MOTION 2 – TO ADOPT LEGISLATIVE INTENTS
I move that the Board adopt the Legislative Intent Statements as outlined on the motion sheet under
Motion 2, items A and B.
A.Energy Efficiency as a Condition of any RDA Project Loans and Investments. It is the intent of the Board
that all RDA project loans and investments require certain energy efficiency standards be met as a condition of
funding.
Staff note: The Council/Board may wish to designate specific energy efficiency or sustainability standards, such as
those set out by LEED and other accrediting organizations. (See examples at
https://www.epa.gov/smartgrowth/green-building-standards.)
B.Structure of Accounts within RDA, including Fund Balances and Previous Capital Projects. It is the
intent of the Board to review the full structure of RDA accounts, including fund balances and capital projects funded in
previous years. The Board may wish to discuss with the RDA and Finance staff the best way to get this information on
a real-time basis.
Staff note: The City’s Enterprise Resource Planning (ERP) effort will help in tracking/providing this information in
a less labor-intensive way, although the horizon for full implementation could be a year or longer.