018 of 2022 - RDA Budget Amendment No.2 for Fiscal Year 2022-231
REDEVELOPMENT AGENCY OF SALT LAKE CITY
RESOLUTION NO__________
Second Budget Amendment
RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY
OF SALT LAKE CITY AMENDING THE FINAL BUDGET OF THE RDA FOR FISCAL
YEAR 2022-2023
WHEREAS, on June 14, 2022, the Redevelopment Agency (“RDA”) Board of Directors
Board”) adopted the final budget of the RDA, effective for the fiscal year beginning July 1, 2022,
and ending June 30, 2023, in accordance with the requirements of Section 17C-1-601.5 of the Utah
Code.
WHEREAS, all conditions precedent to amend the RDA's final 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 budget of the RDA, as
approved, ratified and finalized by the Board on June 14, 2022.
2. Adoption of Amendments. The budget amendments shown on Exhibit A as “Board
Approved” are hereby adopted and incorporated into the 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 ______________, 2022, to be effective upon adoption.
Ana Valdemoros, Chair
Approved as to form: __________________________________
Salt Lake City Attorney’s Office
Allison Parks
Date:____________________________ September 19, 2022
10th November
18 of 2022
Allison Parks (Nov 18, 2022 13:37 MST)
Nov 18, 2022
Ana Valdemoros (Nov 20, 2022 09:08 MST)
2
The Executive Director:
does not request reconsideration
requests reconsideration at the next regular Agency meeting.
Erin Mendenhall, Executive Director
Attest:
City Recorder
Erin Mendenhall (Nov 21, 2022 13:51 MST)
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 Funding Rescope for Spark Loans NT - Capital - (1,500,000.00) - (1,500,000.00) One-time -
1 Funding Rescope for Spark Loans NT - 1,500,000.00 - 1,500,000.00 One-time -
1 Funding Rescope for Spark Loans CWH - (1,500,000.00) - (1,500,000.00) One-time -
1 Funding Rescope for Spark Loans CWH - 1,500,000.00 - 1,500,000.00 One-time -
1 Funding Rescope for Spark Loans RLF - Capital - (1,000,000.00) - (1,000,000.00) One-time -
1 Funding Rescope for Spark Loans RLF - 1,000,000.00 - 1,000,000.00 One-time -
2 Rescope of funds for Station Center Vision &
Implementation Planning.
DD - Capital - (250,000.00) - (250,000.00) One-time -
2 Rescope of funds for Station Center Vision &
Implementation Planning.
DD - Capital - (250,000.00) - (250,000.00) One-time -
2 Rescope of funds for Station Center Vision &
Implementation Planning.
DD - Capital - 500,000.00 - 500,000.00 One-time -
3 Compensation Adjustment Admin - 46,805.00 - 46,805.00 Ongoing -
-
1 Reduce Funding for Marmalade Plaza Project in West
Capitol Hill Project Area
WCH - Captial - - - (1,000,000.00) One-time 0
1 Return Funding to the Revolving Loan Fund for New
Loans
RLF - - - 720,000.00 One-time 0
1 Return Funding to the Arctic Court Infill Home Holding
Account
WCH - Capital - - - 280,000.00 One-time 0
Total of Budget Amendment Items - 46,805.00 - 46,805.00
Total by Fund, Budget Amendment #2:
Redevelopment Agency RDA - 2,546,805.00 - 3,266,805.00 -
Redevelopment Agency - CIP RDA -CIP - (2,500,000.00) - (3,220,000.00) -
Total of Budget Amendment Items - 46,805.00 - 46,805.00 -
Current Year Budget Summary, provided for information only
FY 2022-23 Budget, Including Budget Amendments
Fiscal Year 2022-23 RDA Budget Amendment #2
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 2022-23 RDA Budget Amendment #2
Board ApprovedAdministration Proposed
FY 2022-23
Adopted Budget RDA BA #1Total RDA BA #2 Total Total To-Date
Redevelopment Agency 50,172,718 - 3,266,805.00 53,439,523
Redevelopment Agency CIP 13,128,181 - (3,220,000.00) 9,908,181
Total of Budget Amendment Items 63,300,899 - 46,805.00 63,347,704
Certification
Budget Director
Deputy Director, City Council/RDA Board
Contingent Appropriation and Notes
2
Benjamin Luedtke (Nov 18, 2022 12:18 MST)
Benjamin Luedtke
Mary Beth Thompson
Resolution 18 of 2022 RDA Budget Amendment
No 2 FY 2022-23
Final Audit Report 2022-11-21
Created:2022-11-18
By:Thais Stewart (thais.stewart@slcgov.com)
Status:Signed
Transaction ID:CBJCHBCAABAADZYOnOdyTZWpSq2siVpLoVG3H7K_LlVd
"Resolution 18 of 2022 RDA Budget Amendment No 2 FY 2022-
23" History
Document created by Thais Stewart (thais.stewart@slcgov.com)
2022-11-18 - 7:13:20 PM GMT
Document emailed to Benjamin Luedtke (benjamin.luedtke@slcgov.com) for signature
2022-11-18 - 7:16:11 PM GMT
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Signature Date: 2022-11-18 - 7:18:09 PM GMT - Time Source: server
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Signer ana.valdemoros@slcgov.com entered name at signing as Ana Valdemoros
2022-11-20 - 4:08:37 PM GMT
Document e-signed by Ana Valdemoros (ana.valdemoros@slcgov.com)
Signature Date: 2022-11-20 - 4:08:39 PM GMT - Time Source: server
Document emailed to Erin Mendenhall (erin.mendenhall@slcgov.com) for signature
2022-11-20 - 4:08:40 PM GMT
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2022-11-20 - 6:24:53 PM GMT
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Document e-signed by Erin Mendenhall (erin.mendenhall@slcgov.com)
Signature Date: 2022-11-21 - 8:51:55 PM GMT - Time Source: server
Document emailed to Cindy Trishman (cindy.trishman@slcgov.com) for signature
2022-11-21 - 8:51:56 PM GMT
Document e-signed by Cindy Trishman (cindy.trishman@slcgov.com)
Signature Date: 2022-11-21 - 9:39:15 PM GMT - Time Source: server
Agreement completed.
2022-11-21 - 9:39:15 PM GMT