Transmittal - 3/24/2022
DEPARTMENT of ECONOMIC DEVELOPMENT
ERIN MENDENHALL
MAYOR
BEN KOLENDAR
DIRECTOR
CITY COUNCIL TRANSMITTAL
_______________________ Date Received: ___________
Lisa Shaffer, Chief Administrative Officer Date sent to Council: ___________
__________________________________________________________________
TO: Salt Lake City Council DATE: March 22, 2022
Dan Dugan, Chair
FROM: Lorena Riffo-Jenson, Deputy Director, Department of Economic Development
Lorena.riffojenson@slcgov.com
SUBJECT: Economic Development Revolving Loan Fund (EDLF) - Mindful Living Wellness
Center
STAFF CONTACTS:
Roberta Reichgelt, Business Development Director, Roberta.reichgelt@slcgov.com
Will Wright, Project Manager, William.wright@slcgov.com
DOCUMENT TYPE: Loan Approval
RECOMMENDATION: The EDLF Loan Committee recommends approval of $100,000
loan to Mindful Living Wellness Center.
BUDGET IMPACT: $100,000 from the Economic Development Loan Fund
BACKGROUND/DISCUSSION: On March 10, 2022, a loan request from Mindful Living
Wellness Center was presented to the EDLF Loan Committee for review and discussion.
Basic Loan request
Business Name: Mindful Living & Wellness Center
Address: 1592 S 1100 E
Loan Amount Requested: $100,000
Loan Term: 7 years
Interest Rate: 7.25%
Use of Funds: Working capital (payroll)
Loan Type: Startup
Attachments: None
Lisa Shaffer (Mar 24, 2022 09:32 MDT)03/24/2022
03/24/2022
ERIN MENDENHALL
MAYOR
DEPARTMENT of ECONOMIC DEVELOPMENT
BEN KOLENDAR
DIRECTOR
M E M O R A N D U M
To: Mayor Mendenhall, Rachel Otto, Lisa Shaffer, City Recorder, Arts Council, Business
Development, and DED Staff
From: Ben Kolendar
RE: Department Designee
Pursuant to City Policy 1.01.02 concerning Temporary Delegation of Authority, please be advised that I
will be out from March 22nd to March 30th, 2022. I will be out on personal leave.
On March 22nd, 2022, I hereby delegate, pursuant to the City Policy Manual, the following
administrative authority to: Lorena Riffo-Jenson, Deputy Director – Office: 801.535.7299; Mobile
801.859.3170 – to exercise all authority of the Director except as otherwise delegated. This includes all
administrative functions of the Department of Economic Development.
I also delegate to Lorena Riffo-Jenson the authority to respond as the “Emergency Interim Successor” in all
emergencies and to take all administrative action required to respond should such an emergency or critical
situation arise in the event she or her staff may be unable to reach me after making reasonable
efforts. Signature by Lorena Riffo-Jenson shall be characterized as “Emergency Interim Successor” except
as otherwise delegated and be binding as if it were the Director.
DATED this 21st day of March 2022.
Department of Economic Development
_ _
Ben Kolendar, Director