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Proposed Resolution - 4/26/20241 REDEVELOPMENT AGENCY OF SALT LAKE CITY RESOLUTION NO Determination that the Use of Project Area Funds on the Ballpark Properties will Benefit the State Street Project Area RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY DETERMINING THAT THE USE OF PROJECT AREA FUNDS ON THE BALLPARK PROPERTIES WILL BENEFIT THE STATE STREET PROJECT AREA. WHEREAS, the Redevelopment Agency Board of Directors (Board) adopted the State Street Community Reinvestment Area (Project Area) pursuant to Resolution 25 of 2018 to facilitate community reinvestment activities as described in the plan. WHEREAS, the Project Area generally runs along State Street from downtown to 2100 South and includes blocks east and west of State Street. The Project Area exempts the ballpark and some immediately adjacent parcels from the Project Area; however, these parcels are wholly surrounded by the Project Area. A depiction of the Project Area and exempted ballpark properties is attached as Exhibit A. The exempted parcels are collectively referred to in this resolution as “Ballpark.” WHEREAS, Utah Code 17C permits the Redevelopment Agency (RDA) to participate in project area development outside of a project area if the Board determines that such development will be a benefit to the project area. WHEREAS, the RDA desires to participate in project area development at the Ballpark, which is outside of the Project Area, and as such, requires a determination that the project area development will be a benefit to the Project Area. NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Redevelopment Agency of Salt Lake City that project area development at the Ballpark, which is outside of the Project Area but wholly surrounded by the Project Area, will benefit the Project Area. Passed by the Board of Directors of the Redevelopment Agency of Salt Lake City, Utah, this day of , 2024, to be effective upon adoption. , Chair 2 Approved as to form: Salt Lake City Attorney’s Office Allison Parks The Executive Director: does not request reconsideration requests reconsideration at the next regular Agency meeting Erin Mendenhall, Executive Director Attest: City Recorder 3 EXHIBIT A TO RESOLUTION [Depiction of Project Area and Ballpark] STATE STREET PROJECT AREA Legend State Street Project Area 1,000 500 0 1,000 Feet ±