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Transmittal - 4/25/2024DEPARTMENT of ECONOMIC DEVELOPMENT ERIN MENDENHALL MAYOR Lorena Riffo-Jenson DIRECTOR CITY COUNCIL TRANSMITTAL ___________________________________ Date Received: _________________ Jill Love, Chief Administrative Officer Date sent to Council: __________ ______________________________________________________________________________________ TO: Salt Lake City Council DATE: April 23, 2024 Victoria Petro, Chair FROM: Lorena Riffo-Jenson, Director, Department of Economic Development SUBJECT: Central Business Improvement Area -25 (CBIA-25) STAFF CONTACTS: Andie Feldman, Andie.Feldman@slcgov.com Roberta Reichgelt, Roberta.Reichgelt@slcgov.com DOCUMENT TYPE: Written Briefing RECOMMENDATION: N/A BUDGET IMPACT: None. COORDINTATION: Economic Development, Treasurer’s Office, Engineering, Recorder’s Office, City Council, Mayor’s Office, Attorney’s Office, Information Management Services (IMS), Central Business District Property Owners, Zions Public Finance, Inc. BACKGROUND/DISCUSSION: The Central Business Improvement Area (CBIA) serves as an essential Improvement District in Downtown Salt Lake City, aimed at enhancing vibrancy and activity within the City’s Central Business District. It operates through a special assessment on commercial properties within the designated area, funding various initiatives such as marketing, promotion, advocacy, and more. The inception of the Central Business Improvement Area dates back to 1991, with assessments spanning three years and contracts awarded through Request for Proposals (RFPs). The current jill love (Apr 25, 2024 10:04 MDT) jill love 04/25/2024 04/25/2024 contract, awarded to the Downtown Alliance in 2022, will expire in April 2025 coinciding with the conclusion of the current assessment area, CBIA-22. To ensure uninterrupted funding, the Administration proposes the initiation of a new assessment area, CBIA-25, continuing within the established downtown boundary. CBIA-25 aims to sustain vital services such as marketing, promotion, advocacy, and The Farmers Market, among other programs supported by the Downtown Alliance. Establishing a new CBIA involves a meticulous process governed by Utah State law, requiring various City Council actions, including noticing provisions, public hearings, and other regulatory requirements over the next fourteen months. This timeline aligns with the expiration of the current contract to ensure seamless transition and uninterrupted service provision within the CBIA. Close collaboration between Department of Economic Development (DED) staff and Council staff will facilitate effective communication and compliance with the outlined timeline. Additionally, a secondary assessment provides Specialty Lighting for a subsection of the CBIA, funded separately. However, recent findings have revealed that the existing lighting infrastructure in the CBIA is outdated and insufficient, particularly impacting properties along 362-375 South State Street, as well as parcel 7 on 400 South. The lighting assessment map is included below. In response, businesses not receiving adequate lighting service have been excluded from the lighting assessment map to prevent unjust charges in the upcoming Special Assessment Area (SAA) renewal. Council’s Recommended Timeline CBIA-25: 1. July 2, 2024, Resolution of Intent to Designate 2. July 9, 2024, Adoption of Resolution of Intent to Designate 3. September 3, 2024, Public Protest Hearing 4. November 12, 2024, Meeting to Announce Protest Tally 5. November 12, 2024, Adoption of Resolution to Designate & Appoint Board of Equalization 6. January 17, 2025, Board of Equalization report forwarded to City Council 7.March 4, 2025, Approve Board of Equalization Recommendations 8.March 4, 2025, Adopt Assessment Ordinance Attachments: Attachment 1: Map of CBIA-25 boundaries (same as CBIA-22) Attachment 2: Map of CBIA-25 Holiday Lighting Map Attachment 4: Estimated Timeline of CBIA-25 Implementation INTERSTATE 15 REGENT ST EDISON ST RICHARDS ST VIN E A L M O N D QUINCE ST ALMO N D 30 0 N CANYON ALAME DA STANTON BELD ON GA LE ST PACIF ICAVE 70 0 W WA SHINGTON LACONI A HOYT PL QU INCE COTTAGE STRIN GF ELLOW GR EGORY WAY NEDELMAR POPLA R A R N O L D DUBEI CHATMAN CANYON SIDE LN OR PHEUM ROAD SPENCE R CT JACK SON AV EMERIL AVE ELDE R CT PIERP ON T TEMPLE PACIF IC AVPACIFIC 600 S MOF FAT T CT NORT H TEMPLE PLUM ALLEY PIERP ON T MA RKET S T SHEL ME RDINE BLAI R ST IVERS ON CONWAY SOCIAL H ALL WOODBINE BUTT ERWORTH MA R G UER IT E FLO R A L PLEA SANT TEMPLESOUTH EAST 20 0 EDMONDSARGYLE BLI SS CT RENDON CT SEWARD JACKSON AV ECCLE S EXCHANGE PL GA LL IVAN AV LOMA GR AY EASTHILLSIDE AV CAPITOL ST RIO GRANDE CT OR CHARD P L MORTE NSEN CT WA LL 50 N SQUARE SQUARE LIBRARYWASHINGTON PIONEER PARK GATEWAY TH EDANSIE DR 40 0 S400 S 500 S500 S 20 0 W 40 0 W 50 0 W 300 W 200 W 600 S600 S 60 0 W MA IN ST 30 0 E 400 E 40 0 S 10 0 S 30 0 S 300 S300 S 200 S MA IN ST 300 N 20 0 N 200 E 30 0 E 400 E 700 W 60 0 W 500 W 400 W (HWY 8 9) 3RD AVE B ST C ST D ST A S T 1ST AVE 600 W 500 W 200 N 300 N (HWY 186 ) 30 0 S 200 S 10 0 S 700 W INTERSTATE 15 WEST TEM PLE STATE ST STATE ST WEST TEMPL E 300 W 200 W 400 W WEST TEMPL E Sal t La ke CityCBIABoundary Ma p 4 50 51 299 375 80 255 131 222206 324 215 380 220 60 61 128 175 111 7 310 8 136 15 9 132 201 316 77 185 36 120 360 102 75 161 170 15 375 15 307 0 10 248 306 122 311 10 10 110 69 239 335 100 111 175 26 250 311 143 48 334322 341 342 360 79 360 51 185 10 163 150 144 334 320 149 321326 135 160165 75 262 149 330 357 319 155 328 260 163151 145 158156 159 323 155 268 159 338 327 331 225 18 149 124 160 325 122 118 270 120116 315 370 317 30 50 55 50 55 55 30 55 50 50 30 99 50 50 555550 5550 5045 55 50 44 44 44 99 9945 55 45 50 994450 65 505065 515151 51 5050 51 50 50 50 51 65 50 50 51 50 51 50 51 50 21 51 51 50 50 655051 200 S200 S 400 S400 S 300 S300 S 2 0 0 E 2 0 0 E 4 0 0 W 4 0 0 W 3 0 0 W 3 0 0 W 2 0 0 W 2 0 0 W 100 S100 S M a i n S t M a i n S t St a t e S t St a t e S t South Temple St South Temple St We s t T e m p l e S t We s t T e m p l e S t R i o G r a n d e S t R i o G r a n d e S t E d i s o n S t E d i s o n S t Re g e n t S t Re g e n t S t Exchange Pl Exchange Pl Pierpont Ave Pierpont Ave Pl u m A l y Pl u m A l y F l o r a l S t F l o r a l S t Social Hall Ave Social Hall Ave Gallivan Ave Gallivan Ave Po p l a r C t Po p l a r C t Wa y n e C t Wa y n e C t M o f f a t t C t M o f f a t t C t Ma r g u e r i t e C t Ma r g u e r i t e C t S h e l m e r d i n e C t S h e l m e r d i n e C t 100 S100 S Pierpont Ave Pierpont Ave CBIA 16: Holiday Lighting Parcels (Preliminary)July 29, 2015Salt Lake City Geographic Information Systems OIncluded ParcelsHoliday Lighting Streets Non-functioning lights Step Action Description Group/Lead Deadlines 1 Consultant Contract Contract with a consultant to provide guidance throughout process. DED 2/1/24 - 4/30/2024 2 Technical Description of the CBIA Technical Description of the CBIA provided to Engineering. Engineering prepares tax roll based on this data.Consultant 3/12/2024 3 Develop assessment methodology that conforms to Assessment Area Act. Develop assessment methodology concerning Economic Promotion & Lighting Assessment.DED 3/24/2024 4 Overview Transmittal. (Mayor) High level document explaning the process transmitted to Mayor’s Office. DED 3/12/2024 5 Overview transmittal. (Council Office)High level document explaning the process transmitted to Council Office. Mayor’s Office 3/19/2024 6 City Council Meeting DED will provide a written briefing to the City Council on the upcoming on the CBIA- 25 process. DED 4/2/2024 7 Salt Lake County Property Tax Information. Numbers should be available by May 22, 2024. Consultant 5/31/2024 8 Bond Counsel Description & Improvement Review Bond Counsel reviews the description of Improvements and Areas to be Improved. DED 6/5/2024 9 Resolution of intent to designate. Bond Counsel drafts resolution of Intent to Designate. Bond Counsel 6/11/2024 10 Resolution of Intent to Designate and Justification transmittal. (Mayor) Resolution of Intent to Designate and justification documentation transmitted to Mayor’s Office. DED 6/18/2024 11 Resolution of Intent to Designate and Justification transmittal. (Council Office) Resolution of Intent to Designate and justification documentation transmitted to Council Office. Mayor’s Office 6/21/2024 12 City Council Meeting DED will brief the City Council on CBIA-25 Information. DED 7/2/2024 13 Property Owner Letter Prep Property Owner letter includes verbiage of preliminary estimate, rate, notice of intent to designate, common question and map finalized.DED 7/8/2024 14 Tax roll prepared for DED approval.Assess County Data. Engineering 7/8/2024 15 DED approval of tax roll. DED approves county data. DED 7/8/2024 16 City Council Meeting City Council adopts the resolution of Intent to Designate the assessment area. City Council 7/9/2024 17 Draft/Create Notice of Intent to Designate Letter Engineering 7/11/2024 18 Post Notice of Intent to Designate Post notice of intent to designate in at least three public places within boundaries of jurisdiction DED 8/9/2024 19 Mail out Notice of Intent to Designate Mail out Notice of Intent to Designate to go out within 10 days of notice posting.DED sends via State Mail 8/12/2024 20 Minutes prepared for use at protest hearing Distribute to team SAA. Bond Counsel 8/23/2024 21 City Council Meeting City Council Protest Hearing City Council 9/3/2024 22 Draft Resolution to Designate the Assessment Area and appoint the Board of Equalization (BOE). Bond Counsel 9/10/2024 23 Resolution to Designate the Assessment Area and appoint the Board of Equalization Transmittal (Mayor’s Office) Resolution to Designate the Assessment Area and appoint the Board of Equalization Transmitted to Mayor’s Office.DED 9/17/2024 24 Resolution to Designate the Assessment Area and appoint the Board of Equalization (City Council). Resolution to Designate the Assessment Area and appoint the Board of Equalization Transmitted to the Council Office.Mayor’s Office 9/24/2024 25 Publish Notice of Intent to Designate Publish Notice of Intent to Designate on the Utah Public Notice Website DED 10/3/2024 26 Property Owners Written Protests Filing Deadline Property owners who are protesting the assessment area. Also, the end of 60-day written protest period.Recorder's Office 11/3/2024 27 Compile Written Protests.Recorder's Office 11/4/2024 29 Delivery of Compilation of Protests Compilation of protests sent to City Council. Recorder's Office 11/5/2024 30 Publishing of Written Protests Publishing of Written Protests on City & State public notice website. Recorder's Office 11/5/2024 31 City Council Meeting City Council announces the protest tally and if it exceeds 40% threshold. City Council 11/12/2024 32 City Council Meeting City Council adopts the Resolution to Designate the Assessment Area and appoints the Board of Equalization.City Council 11/12/2024 33 Recording of the Resolution to Designate the Assessment Area & Notice of Proposed Assessment Record Resolution to Designate the Assessment Area and Notice of Proposed Assessment with Salt Lake County Recorder, within 15 days of adoption. Salt Lake City Recorders 11/12/2024 - 11/27/2024 34 BOE Notice and Dates of BOE Meetings.Finalize Verbiage for BOE notice and dates of BOE meetings. Bond Counsel 11/22/2024 35 Mailing process for the BOE notice.Begins 2 weeks before mailing date. Engineering 12/6/2024 36 Publication of the BOE hearings. Publication and posting of time and location of the 3 consecutive meetings. Posted in at least 3 public places at least 20 days, but not more than 35 days from the first BOE hearings dates. Published on the Utah Public Notice Website. Recorder's & DED 12/10/2024 CBIA ‐ 25 Tentative Timeline 37 Mailing due to Recorder’s Office for review.Due 1 week before mailing date. Engineering 12/13/2024 38 Mailing of preliminary assessment & notice of BOE hearings Mailing sent to each property owner and each street address. DED 12/20/2024 39 BOE hearings 9:00 am to 10:00 am (public meeting). Held on consecutive days by statute.Salt Lake City Recorders 1/7/2025 40 BOE hearings 10:00 am to 11:00 am (public meeting). Held on consecutive days by statute.Salt Lake City Recorders 1/8/2025 41 BOE hearings 1:00 pm to 2:00 pm (public meeting). Held on consecutive days by statute.Salt Lake City Recorders 1/9/2025 42 Finalization of BOE Hearings Finalize the report DED 1/14/202543RFP: Center Business Selection is made from the proposals submitted DED NA 43 BOE Report Completion BOE report completed, signed, and forwarded to City Council and Bond Counsel. DED 1/17/2025 44 Mailing of BOE Final Report BOE report mailed to objecting property owners. Begins 15 day appeal period. Engineering 1/23/2025 45 Assessment Ordinance Bond Counsel Draft Assessment Ordinance Bond Counsel 1/28/2025 46 Assessment Ordinance Transmittal (Mayor’s Office).Assessment Ordinance transmitted to the Mayor's Office. DED 2/4/2025 47 Assessment Ordinance Transmittal (Council Office).Assessment Ordinance transmitted to the Council Office. Mayor’s Office 2/7/2025 48 Budget submission for CBIA Submit budget to SLC Finance Department in anticipation of approval. DED 2/7/2025 49 City Council Meeting City Council accepts or modifies BOE recommendations and adopts or rejects Assessment Ordinance.City Council 3/4/2025 50 Center Business Improvement Assessment Area Management Contract drafting and Execution Execute Agreement between Salt Lake City and the vendor to manage the assessment area. DED 51 Transfer properties into billing status.Engineering 3/20/2025 52 Assessment Invoices and Billing Mail assessment notices and invoices to Property Owners by April 5, 2022 the latest.Treasurer 3/21/2025 53 Publication & Posting of the Assessment Ordinance 1. Publication of the Assessment Ordinance on the Utah Public Notice Website. 2. Post a copy of the Assessment Ordinance in at least three public places within the jurisdiction boundaries. For at least 21 days DED/Recorder's 3/24/2025 54 Record Notice of Assessment Interest with Salt Lake County Recorder. I note that Utah Code 11-42-404(4)(b)(iii) requires the notice of assessment interest to “describe the property assessed by legal description and tax identification number.” Metes and Bounds legal description provided by Recorder’s Office. Salt Lake City Recorders 4/21/2025 55 Effective start date of the Assessment Ordinance Must be specified in the Assessment Ordinance DED 4/21/2025 56 Assessment Payments Due Invoice Payments due from property owners [15 days after effective date of Assessment Ordinance]Treasurer 5/6/2025