11 of 2023 - RDA Budget Amendment No. 3 FY 2022-231
REDEVELOPMENT AGENCY OF SALT LAKE CITY
RESOLUTION NO__________
Third 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, on May 9, 2023, the Board adopted certain proposed amendments of the final
budget, while reserving consideration of other proposed amendments until a later date.
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 , 2023, to be effective upon adoption.
________________________________
Alejandro Puy, Chair
Approved as to form: __________________________________
Salt Lake City Attorney’s Office
Allison Parks
Date:____________________________
16th May
11 of 2023
Allison Parks (May 30, 2023 09:23 MDT)
May 30, 2023
Alejandro Puy (May 31, 2023 18:50 MDT)
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 (Jun 6, 2023 10:50 MDT)
4
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 Transfer from GF for Property Purchase 4,000,000.00 4,000,000.00 4,000,000.00 4,000,000.00 One-Time -
1 True Up Tax Increment CBD (1,543,843.00) (1,543,843.00) (1,543,843.00) (1,543,843.00) One-time -
1 True Up Tax Increment DD 1,570,677.00 1,545,409.00 1,570,677.00 1,545,409.00 One-time -
1 True Up Tax Increment GD 453,778.00 453,778.00 453,778.00 453,778.00 One-time -
1 True Up Tax Increment NTV 1,653,825.00 1,653,825.00 1,653,825.00 1,653,825.00 One-time -
1 True Up Tax Increment Block 70 3,706.00 3,706.00 3,706.00 3,706.00 One-time -
1 True Up Tax Increment SS 1,720,457.00 1,720,457.00 1,720,457.00 1,720,457.00 One-time -
1 True Up Tax Increment 9 Line 1,157,340.00 1,157,340.00 1,157,340.00 1,157,340.00 One-time -
1 True Up Tax Increment NT 551,772.00 551,772.00 551,772.00 551,772.00 One-time -
1 True Up Tax Increment SR 66,107.00 66,107.00 66,107.00 66,107.00 One-time -
1 True Up Tax Increment NWQ 547,161.00 547,161.00 547,161.00 547,161.00 One-time -
1 True Up Tax Increment Primary Housing 864,353.00 864,353.00 864,353.00 864,353.00 One-time -
1 True Up Tax Increment Admin 648,671.00 648,671.00 648,671.00 648,671.00 One-time -
2 Adjust Housing Trust Fund Loan HTF (172,000.00) (1,382,000.00) (172,000.00) (1,382,000.00) One-time -
2 Adjust Housing Trust Fund Loan HTF (1,210,000.00) (1,210,000.00) One-time -
3 Revolving Loan Fund balance adjustment RLF - 25,268.00 - 25,268.00 One-time -
-
Total of Budget Amendment Items 10,312,004.00 10,312,004.00 6,312,004.00 6,312,004.00
Total by Fund, Budget Amendment #2:
Redevelopment Agency RDA 10,312,004.00 10,312,004.00 10,312,004.00 10,312,004.00 -
Redevelopment Agency - CP RDA -CIP - - - -
Total of Budget Amendment Items 10,312,004.00 10,312,004.00 10,312,004.00 10,312,004.00 -
Fiscal Year 2022-23 RDA Budget Amendment #3 - May 16th Board Adoption
Section G: Board Consent Agenda -- Grant A
Section I: Board Added Items
Section A: New Items
Section B: Grants for Existing Staff Resource
Section C: Grants for New Staff Resources
Section D: Housekeeping
Section E: Grants Requiring No New Staff Re
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 #3 - May 16th Board Adoption
Board ApprovedAdministration Proposed
Current Year Budget Summary, provided for information only
FY 2022-23 Budget, Including Budget Amendments
FY 2022-23
Adopted Budget RDA BA #1Total RDA BA #2 Total RDA BA#3 Total To-Date
Redevelopment Agency 50,172,718 - 3,266,805.00 10,312,004.00 63,751,527
Redevelopment Agency CIP 13,128,181 - (3,220,000.00) - 9,908,181
Total of Budget Amendment Items 63,300,899 - 46,805.00 10,312,004.00 73,659,708
Certification
Budget Director
Deputy Director, City Council/RDA Board
Contingent Appropriation and Notes
Adopted May 9, 2023
Adopted May 16, 2023
2
Benjamin Luedtke (May 25, 2023 14:01 MDT)
Benjamin Luedtke
Mary Beth Thompson
RDA Resolution 11 of 2023 RDA Budget
Amendment No. 3 FY 2022-23
Final Audit Report 2023-06-06
Created:2023-05-25
By:Thais Stewart (thais.stewart@slcgov.com)
Status:Signed
Transaction ID:CBJCHBCAABAAG-9TAoIn0cbjGiwI81he5t_U7_jRDryD
"RDA Resolution 11 of 2023 RDA Budget Amendment No. 3 FY
2022-23" History
Document created by Thais Stewart (thais.stewart@slcgov.com)
2023-05-25 - 7:52:52 PM GMT
Document emailed to Benjamin Luedtke (benjamin.luedtke@slcgov.com) for signature
2023-05-25 - 7:55:26 PM GMT
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2023-05-25 - 7:56:33 PM GMT
Document e-signed by Benjamin Luedtke (benjamin.luedtke@slcgov.com)
Signature Date: 2023-05-25 - 8:01:17 PM GMT - Time Source: server
Document emailed to Mary Beth Thompson (marybeth.thompson@slcgov.com) for signature
2023-05-25 - 8:01:18 PM GMT
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2023-05-26 - 9:05:04 PM GMT
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2023-05-28 - 8:21:51 PM GMT
Document e-signed by Mary Beth Thompson (marybeth.thompson@slcgov.com)
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2023-05-28 - 8:22:13 PM GMT
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2023-05-30 - 3:23:27 PM GMT
Document e-signed by Allison Parks (allison.parks@slcgov.com)
Signature Date: 2023-05-30 - 3:23:57 PM GMT - Time Source: server
Document emailed to alejandro.puy@slcgov.com for signature
2023-05-30 - 3:23:59 PM GMT
Email viewed by alejandro.puy@slcgov.com
2023-05-30 - 3:39:32 PM GMT
Signer alejandro.puy@slcgov.com entered name at signing as Alejandro Puy
2023-06-01 - 0:50:41 AM GMT
Document e-signed by Alejandro Puy (alejandro.puy@slcgov.com)
Signature Date: 2023-06-01 - 0:50:43 AM GMT - Time Source: server
Document emailed to Erin Mendenhall (erin.mendenhall@slcgov.com) for signature
2023-06-01 - 0:50:45 AM GMT
Email viewed by Erin Mendenhall (erin.mendenhall@slcgov.com)
2023-06-01 - 5:22:06 AM GMT
Email viewed by Erin Mendenhall (erin.mendenhall@slcgov.com)
2023-06-02 - 4:39:17 AM GMT
Email viewed by Erin Mendenhall (erin.mendenhall@slcgov.com)
2023-06-03 - 5:26:24 AM GMT
Email viewed by Erin Mendenhall (erin.mendenhall@slcgov.com)
2023-06-04 - 5:30:07 AM GMT
Email viewed by Erin Mendenhall (erin.mendenhall@slcgov.com)
2023-06-05 - 4:47:56 AM GMT
Document e-signed by Erin Mendenhall (erin.mendenhall@slcgov.com)
Signature Date: 2023-06-06 - 4:50:28 PM GMT - Time Source: server
Document emailed to Cindy Trishman (cindy.trishman@slcgov.com) for signature
2023-06-06 - 4:50:29 PM GMT
Document e-signed by Cindy Trishman (cindy.trishman@slcgov.com)
Signature Date: 2023-06-06 - 8:54:30 PM GMT - Time Source: server
Agreement completed.
2023-06-06 - 8:54:30 PM GMT