R-022-2019 - Adopting the Agency’s Guiding Framework for Mission and ValuesOctober 18, 2019
Guiding Framework
This Guiding Framework is a strategic operational document outlining the methodology for evaluating and prioritizing projects requesting RDA financial assistance. The RDA’s
Mission and Values form the foundation of the Guiding Framework, declaring the RDA’s purpose and the intended economic, social, and physical outcomes expected of RDA
projects and partnerships.
MISSION: The Redevelopment Agency of Salt Lake City revitalizes neighborhoods and business districts to improve livability, spark economic growth, and foster
authentic communities, serving as a catalyst for strategic development projects that enhance the City’s housing opportunities, commercial vitality, public
spaces, and environmental sustainability.
VALUES: Economic Growth-
We act as a responsible steward of public funds,
taking a long-term view of investment, return,
and property values.
Community Impact-
We prioritize projects and programs that
demonstrate commitment to improving equity
and quality of life for residents and businesses
in Salt Lake City.
Neighborhood Vibrancy-
We cultivate distinct and livable built
environments that are contextually sensitive,
resilient, connected, and sustainable.
PROJECT EVALUATION PROCESS: In the context of the Mission and Values, the RDA evaluates projects via three steps, which answer the following questions: 1.) Does the
project meet the minimum THRESHOLDS required for RDA participation? 2.) To what degree does the project benefit the public by achieving defined LIVABILITY BENCHMARKS,
thereby warranting RDA assistance? 3.) Does the project meet the CRITERIA outlined in existing RDA programs and policies, such as the RDA Loan Program or Tax Increment
Reimbursement Program?
*Spanning a 1-3 year time frame, Project Area Work Plans identify redevelopment objectives and strategic redevelopment projects for each project area, along with a corresponding schedule & budget for each project. The Project Area Work Plans
will be based on relevant City policies and plans and the Project Area Plans that were adopted when the project area was created and will provide direction for the annual RDA budget process.
Step 1:
THRESHOLDS
Alignment with adopted City policies & plans
Alignment with Project Area Work Plans*
Financial viability with a demonstrated and reasonable need for public assistance
Step 2:
LIVABILITY
BENCHMARKS
Economic Growth
Leveraging
Timeliness
Return of Investment
Permanent Job Creation & Retention
Business Districts
Targeted Resources
Community Impact
Public Space
Transit Opportunities
Local Business Opportunities
Mixed-Income Neighborhoods
Neighborhood Safety
Public Art
Community Support
Neighborhood Vibrancy
Quality Materials
Site & Urban Design
Building Design & Architecture
Sustainability
Walkability
Historic Preservation
Adaptive Reuse
Step 3:
PROGRAM
CRITERIA
Evaluation of project according to respective RDA policies, programs and procedures
EXHIBIT “A” TO RESOLUTION