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HomeMy WebLinkAboutTransmittal - 3/18/2025SALT LAKE CITY TRANSMITTAL To:  Salt Lake City Council Chair Submission Date: 03/14/2025 Date Sent to Council: 03/18/2025 From: Department * Economic Development Employee Name: Feldman, Andie E-mail andrea.feldman@slc.gov Department Director Signature Director Signed Date 03/14/2025 Chief Administrator Officer's Signature Chief Administrator Officer's Signed Date 03/18/2025 Subject: Assessment Ordinance for the Central Business Improvement Area – 25 (CBIA-25) Additional Staff Contact: Lorena Riffo Jenson, Lorena.RiffoJenson@slc.govPeter Makowski, Peter.Makowski@slc.gov Presenters/Staff Table Lorena Riffo Jenson, Lorena.RiffoJenson@slc.govAndie Feldman, Andie.Feldman@slc.gov Document Type Ordinance Budget Impact? Yes No Recommendation: The Administration recommends the City Council adopt the Assessment Ordinance for the Central Business Improvement Area 2025 (CBIA-25). Background/Discussion See first attachment for Background/Discussion Will there need to be a public hearing for this item?* Yes No Public Process This will require a vote from City Council in the formal meeting to accept or modify the Board of Equalization's recommendations and to adopt or reject the Assessment Ordinance. This page has intentionally been left blank DEPARTMENT 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: March 14, 2025 Chris Wharton, Chair FROM: Lorena Riffo Jenson, Director of Economic Development SUBJECT: Assessment Ordinance for the Central Business Improvement Area – 25 (CBIA-25) STAFF CONTACT: Lorena Riffo Jenson, Director, Lorena.riffojenson@slc.gov Peter Makowski, Deputy Director of Business Development, peter.makowski@slc.gov Andie Feldman, Project Manager, andie.feldman@slc.gov DOCUMENT TYPE: Ordinance RECOMMENDATION: The Administration recommends the City Council adopt the Assessment Ordinance for the Central Business Improvement Area 2025 (CBIA-25). BUDGET IMPACT: The CBIA-25 would be funded through Special Assessment. The budget summary for the City is detailed starting on page 3 under the section “Financial Summary for CBIA – 25.” Possible changes as recommended by the Board of Equalization have been added in red. COORDINATION: Economic Development, Treasurer’s Office, Engineering Division, Recorder’s Office, Information Management Services, City Council’s Office, Attorney’s Office, Board of Equalization, Zions Public Finance, and Gilmore & Bell (Bond Counsel). BACKGROUND/DISCUSSION: Salt Lake City established the Central Business Improvement Area (CBIA) in 1991 as a mechanism to fund marketing, promotions, advocacy, and other initiatives in Downtown Salt Lake City through a special assessment on property within a designated area. This approval would re-establish a special assessment on properties within the same boundaries as 2022 for a three-year period and break out a second assessment for holiday lighting (same boundaries as 2022, maps attached). This process is the final action by the City Council to establish the CBIA-25 which would begin in August 2025. Board of Equalization: As required by law, a Board of Equalization (BOE) for the Assessment Area was appointed by the City Council on November 12, 2024. The BOE consisted of representatives from the Salt Lake City Council’s Office, the City Treasurer’s Office, and the City Engineer’s Office. The BOE met three times in January 2025, and three times in February 2025, to hear and consider any arguments from individuals or property owners who claim to be aggrieved. The role of the BOE is to consider all facts and arguments presented at the hearings and provide recommendations to the City Council. BOARD OF EQUALIZATION RECOMMENDATIONS: The Board of Equalization (BOE) has recommended several adjustments to the CBIA-25 assessments. First, the BOE proposes removing the holiday lighting assessment for three (3) parcels, which would reduce total revenue by $2,146.17. Second, the BOE recommends removing the assessment for six (6) parcels owned by two entities that were misidentified as hotel uses due to overlapping apartment/condo and hotel codes in Salt Lake County records. Additionally, the BOE has recommended reducing the assessment for eleven (11) other parcels. Of these, eight (8) parcels successfully disputed their valuations with the Salt Lake County Assessor, resulting in adjusted property values. The remaining four (4) parcels, owned by a single entity, are recommended for a one-third reduction in assessment to reflect their location outside the Downtown Ambassador’s service area. The updated budget includes the maximum adjustments approved by the BOE, highlighted in red. The City Council has the authority to accept, reject, or modify the BOE’s recommendations. While it is unlikely the budget will face shortfalls, even with these adjustments, potential funding gaps could be addressed through surplus funds in existing accounts, reserve funds, or reduced contractor fees. These recommendations are presented for the City Council’s consideration. It is unlikely that the budget will be insufficient, even if all the properties listed above are given a lower assessment. However, if the budget is insufficient, other funds that may be used to fulfill the budget include: 1) any surplus remaining in existing accounts, 2) the reserve withheld, and/or; 3) reduced contractor fees. Estimated Financial Summary for CBIA-25 Revenue for CBIA-25 2024 Updated Taxable Property Valuation $4,262,870,230 Proposed Taxable Value Assessment Rate .00142 Taxable Value Assessment Subtotal $6,053,276 2024 Linear Footage for Holiday Lights 10,507 Proposed Holiday Light Rate per Foot $12.79 Holiday Light Assessment Subtotal $134,385 Total Assessment Revenue $6,187,659 Board of Equalization Recommended Adjustments -$196,467 (maximum possible adjustments) Total Adjusted Assessment Revenue $5,991,192 (reflects largest possible adjustment) Updated Estimated Budget for CBIA-25 Salt Lake City Expenses DED Management $ 151,200 Reserve withheld (3%) $ 185,630 Professional and Technical $ 37,000 Legal Fees $ 30,000 Printing $ 6,300 Postage Fees $ 3,780 Salt Lake City Subtotal $ 414,710 RFP Recipient Budget Economic Development Activities (27%) $ 1,505,650 Marketing and Events (16%) $ 892,237 Administration (24%) $ 1,338,356 Ambassador Program Homeless Services (33%) $ 1,840,239 RFP Recipient Subtotal $ 5,576,482 Total Use of Funds $ 5,991,192 Special Stipulations Parcels under $20,000 in valuation as well as residential, ecclesiastical, and government-owned properties are exempt from the assessment, except those whose owners agree in writing to be assessed. By Utah law, properties that are not included in the initial Notice of Intent cannot be added later unless the property owner consents. However, properties may be removed from the CBIA-25 at the City Council’s discretion before assessment. Property owners are assessed the full amount but may pay the assessment in three (3) annual installments. No more than 30% of the assessment funds may be spent on administrative expenses. Remaining Proposed Council Actions: ● April 1, 2025– The City Council accepts or modifies the BOE recommendations and adopts or rejects the Assessment Ordinance Previous Action/discussions by the Council concerning the CBIA-25: ● April 23, 2024 – Informational: Central Business Improvement Area 2025 ● July 2, 2024 – Briefing on proposed Resolution: Intention to Designate Central Business Improvement Area 2025 ● July 9, 2024 – Adoption of Resolution no. 21 of 2024: Intention to Designate Central Business Improvement Area 2025 ● November 12, 2024 – The City Council announced the protest tally and determined that it did not exceeds the protest threshold; City Council adopted the Resolution to Designate the Assessment Area and appointed the BOE Attachments: ● BOE Reports ● Assessment Ordinance ● Boundary Map ● Holiday Lighting Parcel Map ● CBIA-25 Updated Timeline This page has intentionally been left blank Report of the Board of Equalization Special Assessment Area Central Business Improvement Area CBIA-25 The Board of Equalization Hearings for Special Assessment Area CBIA-25 were held on January 7, 8, and 9, 2025 at 451 South State Street, Room 315, and online, in accordance with the statute governing special assessment areas. The Board of Equalization discussed and presented its �indings in a meeting held on January 9, 2025. Board of Equalization Members • City Council – Ben Luedtke, Signature: _ • Treasurer’s Of�ice – Gaby Ewell, Signature: _ • Engineering - Chris Norlem, Signature: _ Advisory Panel to the Board • CBIA Consultant – Ryan K. Smith • Department of Economic Development – Andie Feldman • City Attorney’s Of�ice – Sara Montoya • City Recorder’s Of�ice – Thais Stewart The following are the concerns of property owners regarding the special assessment area, and the recommendations of the Board of Equalization. Robert Larkin Larkin Mortuary Address: 250 E South Temple St, 84111 Parcel #: 16 06 127 0007 0000 Proposed Assessment: (as originally mailed for the BOE) Address: 260 E South Temple St, 84111 Parcel #: 16 06 217 014 0000 Proposed Assessment: (as originally mailed for the BOE) Property Owner Concerns: Mr. Larkin is concerned that one of his properties was assessed a holiday lighting fee when no holiday lighting exists in front of the property. Mr. Larkin also expressed concern that his properties do not bene�it from the economic promotion of the Central Business District, or if they do, they are proportionally less bene�ited than other properties more centrally located in the area. He also felt the assessment does little to address other concerns in the area. Board of Equalization Recommendation: The Board was able to determine that parcel number 16 07 217 014 0000 does not receive holiday lighting and recommends that this property not be assessed for holiday lighting. The Board recommends that the base assessment is appropriate. Brent Bowen 42EP LLC Address: 42 E Exchange Pl, 84111 Parcel #: 16 06 303 008 0000 Proposed Assessment: (as originally mailed for the BOE) Property Owner Concerns: Mr. Bowen appeared before the Board to contest the linear frontage as listed on the notice received. He con�irmed that the total linear frontage per Salt Lake County data is 86.7 feet on one side, and 17.6 feet on the other, whereas the notice he received listed total frontage as just over 204 linear feet. Mr. Bowen also asked for clari�ication on whether he would be assessed for both sides of his corner lot, and he asserted that an assessment may only use one side of a corner property when calculating the linear frontage. Board of Equalization Recommendation: Ryan Smith with Zions Public Finance con�irmed that, per statute, the Board may make an allowance to assess for both sides of a corner property if they are receiving the same improvement on both sides. However, t he Board was able to determine that this parcel does not receive holiday lighting and recommends that this property not be assessed for holiday lighting. Peter Corroon Sorrento Car Wash Address: 10 W 300 S, 84101 Parcel #: 15 01 280 033 0000 Proposed Assessment: (as originally mailed for the BOE) Property Owner Concerns: Mr. Corroon �iled an appeal with Salt Lake County regarding the property value as determined by the County Assessor’s Of�ice. The appeal was found in his favor and adjusted the property value, and Mr. Corroon submitted a copy of the appeal to the Board for review. He requests that the Board recommend that the assessment amount for CBIA-25 be adjusted to consider the updated property value per the County’s valuation. Board of Equalization Recommendation: The Board recommends that the CBIA-25 assessment amount be updated to re�lect the successful valuation appeal with Salt Lake County. Matt Forsgren New York Limited; 330 West Temple, LLC Address: 330 S West Temple St., 84101 Parcel #: 15 01 427 005 0000 Proposed Assessment: (as originally mailed for the BOE) Address: 334 S West Temple St., 84101 Parcel #: 15 01 427 006 0000 Proposed Assessment: (as originally mailed for the BOE) Address: 48 W Market St., 84101 Parcel #: 15 01 430 005 0000 Proposed Assessment: (as originally mailed for the BOE) Address: 335 S West Temple St., 84101 Parcel #: 15 01 430 004 0000 Proposed Assessment: (as originally mailed for the BOE) Property Owner Concerns: Mr. Forsgren came before the Board to express his support for the special assessment area, but wanted to also request that the assessment amounts be adjusted as they do not currently have full occupancy in their property, and feel that this assessment is too large to responsibly pass down to their current tenants, and may in fact make it harder to keep them or attract new ones. He also wanted to know if he was able to combine all the parcels into one to only pay for one assessment, rather than receive an individual assessment on each parcel. Board of Equalization Recommendation: The Board discussed that the Statute governing special assessment areas only enables them to adjust assessment amounts based on bene�its received, or proof of lack thereof, and makes no provisions for hardship. The Board therefore feels that the assessments are appropriate. Ryan Smith with Zions Public Finance con�irmed for the Board that property owners can combine their parcels, but the assessment amount will remain the same as the total valuation would not change. The Board also suggests that City staff connect with Mr. Forsgren to ensure that he understands what the total assessment amount will be, and how this is determined. McKenna Tracey Liberty Sky Apartments Address: 151 S State St., 84111 Parcel #: 16 06 112 002 0000 Proposed Assessment: (as originally mailed for the BOE) Address: 151 S State St., 84111 Parcel #: 16 06 112 003 0000 Proposed Assessment: (as originally mailed for the BOE) Property Owner Concerns: Ms. Tracey appeared before the Board as a property manager for Liberty Sky Apartments. She informed the Board that the parcels that received an assessment notice were residential properties with no commercial spaces and requested that they not be included in the assessment area. Ms. Tracey also expressed some confusion on why there were 2 parcel IDs for this property when it is just 1 property. Board of Equalization Recommendation: Ryan Smith with Zion’s Public Finance con�irmed that due to an overlap of hotel properties and apartment/condo properties listed under the same property type code on the Salt Lake County Assessor LIR database, 6 parcel IDs across 2 owners were erroneously identi�ied as hotels, but consist multifamily complexes and associated resident parking. Among the 6 misidenti�ied parcels, 2 are owned by Liberty Sky/Cowboy Properties. The Board recommends that the Liberty Sky Parcels not be included in the assessment area and further recommends that the 2 additional residential parcels be removed as well. Bruce Markosian AAM Investments LTD Address: 751 W 300 S, 84104 Parcel #: 15 02 279 001 0000 Proposed Assessment: (as originally mailed for the BOE) Address: 735 W 300 S, 84104 Parcel #: 15 02 280 001 0000 Proposed Assessment: (as originally mailed for the BOE) Address: 760 W 400 S, 84104 Parcel #: 15 02 427 001 0000 Proposed Assessment: (as originally mailed for the BOE) Address: 735 W 300 S, 84104 Parcel #: 15 02 427 002 0000 Proposed Assessment: (as originally mailed for the BOE) Property Owner Concerns: Mr. Markosian feels that due to his property’s location on the edge of the CBIA-25 district, there is a lack of direct bene�its from the district, and he requested to redraw district boundaries to exclude his property. Mr. Markosian’s speci�ic concerns included holiday lighting assessment fees on parcels that did not receive holiday lighting, and the overall assessment cost that he feels cannot be responsibly passed on to tenants in the space, and whether a reduction was appropriate. Board of Equalization Recommendation: The Board �irst wanted to clarify that they do not have the authority to redraw the boundary maps and are only able to make recommendations speci�ic to assessment amounts. They suggest that Mr. Markosian connect with his City Council representative to discuss this further. The Board recommends that the holiday lighting assessments be removed from 3 of Mr. Markosian’s properties as none receive this bene�it. The Board feels that while Mr. Markosian’s properties are on the fringes of the assessment area, they still receive the bene�it of the special assessment area. However, the Board recognizes that these parcels are not included in the Downtown Ambassador program’s service area map, and therefore the Board recommends that the assessment amount be reduced by 1/3 (proportional to the Ambassador program’s share of the SAA budget) to re�lect this lack of bene�it. The Board would also like to recommend to Council to review this particular area of the map, and either expand services to include this area to better meet its speci�ic service needs. Jyri Koivisto AP Ford Building, LLC Address: 280 S 400 W, 84101 Parcel #: 15 01 179 010 0000 Proposed Assessment: (as originally mailed for the BOE) Address: 234 S 400 W, 84101 Parcel #: 15 01 179 008 0000 Proposed Assessment: (as originally mailed for the BOE) Address: 268 S 400 W, 84101 Parcel #: 15 01 179 004 0000 Proposed Assessment: (as originally mailed for the BOE) Property Owner Concerns: Mr. Koivisto appeared before the Board and informed them that 2 of their 3 parcels were assessed a holiday lighting fee when there is no holiday lighting in front of their property. Mr. Koivisto requested that the holiday lighting fee be removed. Board of Equalization Recommendation: The Board con�irmed that the parcel in question does not receive holiday lighting and is not in the holiday lighting map service area and recommends that the holiday lighting assessment be removed. Lynn Ward Japanese Church of Christ Address: 247 W 100 S, 84101 Parcel #: 15 01 207 005 0000 Proposed Assessment: (as originally mailed for the BOE) Address: 266 W 100 S, 84101 Parcel #: 15 01 204 039 0000 Proposed Assessment: (as originally mailed for the BOE) Property Owner Concerns: Ms. Ward appeared as a representative for the property and informed the Board that the parcel on 247 W 100 S received a holiday lighting assessment fee but does not have any holiday lighting. She also expressed that the property was having issues with the unhoused population leaving litter, biowaste and graf�iti, and hoped that CBIA-25 would be able to provide more services to help deal with these issues. Board of Equalization Recommendation: The Board con�irmed that the parcel in question does not receive holiday lighting and is not in the holiday lighting map service area and recommends that the holiday lighting assessment be removed. The Board then suggests that City staff connect Ms. Ward with Downtown Ambassador staff and the Downtown Alliance to enable the property to make use of the services available. Signature: Email: Signature: Email: Signature: Email: Signatugre:Eeml l  Chris Norlem urgeit l er Signati urSe:SEmSl  Signatugre:iEmi l er Sig nat u trre :raSEm This page has intentionally been left blank Report of the Board of Equalization Special Assessment Area Central Business Improvement Area CBIA-25 The Board of Equalization Hearings for Special Assessment Area CBIA-25 were held on February 18, 19, and 20, 2025 at 451 South State Street, Room 315, and online, in accordance with the statute governing special assessment areas. The Board of Equalization discussed and presented its �indings in a meeting held on February 20, 2025. Board of Equalization Members • City Council – Austin Kimmel, Signature: _ • Treasurer’s Of�ice – Gaby Ewell, Signature: _ • Engineering - Chris Norlem, Signature: _ Advisory Panel to the Board • CBIA Consultant – Ryan K. Smith • Department of Economic Development – Andie Feldman • City Attorney’s Of�ice – Sara Montoya • City Recorder’s Of�ice – Thais Stewart The following are the concerns of property owners regarding the special assessment area, and the recommendations of the Board of Equalization. Andy Tran 328 Ventures, LLC Address: 328 S. State St., 84111 Parcel #: 16 06 301 040 0000 Proposed Assessment: (as originally mailed for the BOE) Address: 338 S. State St., 84111 Parcel #: 16 06 301 041 0000 Proposed Assessment: (as originally mailed for the BOE) Property Owner Concerns: Mr. Tran requested an appeal of the holiday lighting assessments on the property at 328 S. State Street. Mr. Tran explained that the current holiday lighting does not work, and DED staff con�irmed that the outlets are damaged. Board of Equalization Recommendation: The Board recommends that these parcels be removed from the holiday lighting assessment. The Board further recommends that the parcel located at 342 S. State Street also be removed from the holiday lighting assessment for equity as this property will have the same power issues as 328 S. State St. Sukhoon Ji University of Utah Address: 175 E 400 S, 84111 Parcel ID: 16 06 305 022 0000 Proposed Assessment: (as originally mailed for the BOE) Property Owner Concerns: Mr. Ji �iled an appeal with Salt Lake County regarding the property value as determined by the County Assessor’s Of�ice. The appeal was found in his favor and subsequently adjusted the property value. Mr. Ji submitted a copy of the County’s updated valuations to the Board for review. He requests that the Board recommend that the estimated CBIA assessment be adjusted to re�lect the updated property value per the County’s valuation. Board of Equalization Recommendation: The Board recommends that the CBIA assessment amount be updated to re�lect the successful valuation appeal with Salt Lake County. Aaron Carter City Creek Reserve Inc. Address: 50 S. Main St., 84101 Parcel #: 15-01-227-062-2002 Proposed Assessment: (as originally mailed for the BOE) Address: 51 S. Main St., 84111 Parcel #: 16-06-101-034-2006 Proposed Assessment: (as originally mailed for the BOE) Address: 65 S. Regent St., 84111 Parcel #: 16-06-101-034-2008 Proposed Assessment: (as originally mailed for the BOE) Address: 51 S. Main St., 84101 Parcel #: 16-06-101-034-2007 Proposed Assessment: (as originally mailed for the BOE) Address: 50 S. Main St., 84101 Parcel #: 15-01-227-062-2010 Proposed Assessment: (as originally mailed for the BOE) Property Owner Concerns: Mr. Carter �iled an appeal on behalf of City Creek Reserve with Salt Lake County regarding the property value as determined by the County Assessor’s Of�ice. The appeal was found in his favor and subsequently adjusted the property value. Mr. Carter submitted a copy of the County’s updated valuations to the Board for review. He requests that the Board recommend that the estimated CBIA assessment be adjusted to re�lect the updated property value per the County’s valuation. Board of Equalization Recommendation: The Board recommends that the CBIA assessment amount be updated to re�lect the successful valuation appeal with Salt Lake County. Signature: Email: Signature: Email: Signature: Email: Chris Norlem (Feb 28, 2025 15:56 MST) Chris Norlem chris.norlem@slc.gov b4 2ell (Feb 28, 2025 16:16 MST) -DE\ +Zell gb4.e2ell@slc.gov 0s/in immel (Mr т, 2025 08:18 MST) 'XsWiQ 1immel 0s/in.&immel@slc.gov This page has intentionally been left blank 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 This page has intentionally been left blank 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 This page has intentionally been left blank CBIA - 25 Tentative Timeline Step Action Description Group/Lead Deadlines (Pre Update)Deadlines_Updated Brand new SAA Creation Budget Amendment may be needed to start the due diligence of the SAA. DED Bond Counsel contract Review City Contract with Bond Counsel. Ensure exploration dates do not conflict or expire with full SAA process. DED & Treasurer's Office Create Draft timeline for the entire process. 1 Consultant Contract Contract with a consultant to provide guidance throughout process.DED 2/1/21 - 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 Overview Transmittal. (Mayor)High level document explaning the process transmitted to Mayor’s Office. DED 3/12/2024 Overview transmittal. (Council Office)High level document explaning the process transmitted to Council Office. Mayor’s Office 3/19/2024 City Council Meeting DED will provide a written briefing to the City Council on the upcoming on the CBIA-25 process. DED 2-Apr 4 Salt Lake County Property Tax Information. Numbers should be available by May 22, 2024. Consultant 5/31/2024 5 Bond Counsel Description & Improvement Review Bond Counsel reviews the description of Improvements and Areas to be Improved.DED 6/5/2024 6 Resolution of intent to designate.Bond Counsel drafts resolution of Intent to Designate. Bond Counsel 6/11/2025 7 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 8 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 9 City Council Meeting DED will brief the City Council on CBIA-22 Information. DED 7/2/2024 10 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 11 Tax roll prepared for DED approval.Assess County Data.Engineering 7/8/2024 12 DED approval of tax roll.DED approves county data. DED 7/8/2024 13 City Council Meeting City Council adopts the resolution of Intent to Designate the assessment area.City Council 7/9/2024 14 Draft/Create Notice of Intent to Designate Letter Engineering 7/11/2024 15 Post Notice of Intent to Designate Post notice of intent to designate in at least three public places within boundaries of jurisdiction DED/Recorder's Office 8/9/2024 16 Mail out Notice of Intent to Designate Mail out Notice of Intent to Designate to go out within 10 days of notice posting.Recorder's Office 8/12/2024 17 Minutes prepared for use at protest hearing Distribute to team SAA.Bond Counsel 8/23/2024 18 City Council Meeting City Council Protest Hearing City Council 9/3/2024 19 Draft Resolution to Designate the Assessment Area and appoint the Board of Equalization (BOE).Bond Counsel 9/10/2024 20 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 21 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 22 Publish Notice of Intent to Designate Publish Notice of Intent to Designate on the Utah Public Notice Website DED 10/3/2024 23 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 24 Compile Written Protests.Recorder's Office 11/4/2024 26 Delivery of Compilation of Protests Compilation of protests sent to City Council. Recorder's Office 11/5/2024 27 Publishing of Written Protests Publishing of Written Protests on City & State public notice website.Recorder's Office 11/5/2024 28 City Council Meeting City Council announces the protest tally and if it exceeds 40% threshold.City Council 11/12/2024 29 City Council Meeting City Council adopts the Resolution to Designate the Assessment Area and appoints the Board of Equalization. City Council 11/12/2024 30 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 31 BOE Notice and Dates of BOE Meetings. Finalize Verbiage for BOE notice and dates of BOE meetings.Bond Counsel 11/22/2024 32 Mailing process for the BOE notice.Begins 2 weeks before mailing date.Engineering 12/6/2024 33 RFP: Center Business Improvement Assessment Area Management submissions Proposals/submission due from interested vendors DED NA 34 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 35 Mailing due to Recorder’s Office for review. Due 1 week before mailing date.Engineering 12/13/2024 36 Mailing of preliminary assessment & notice of BOE hearings Mailing sent to each property owner and each street address. DED 12/20/2024 37 BOE hearings 9:00 am to 10:00 am (public meeting). Held on consecutive days by statute. Salt Lake City Recorders 1/7/2025 38 BOE hearings 10:00 am to 11:00 am (public meeting). Held on consecutive days by statute. Salt Lake City Recorders 1/8/2025 39 BOE hearings 1:00 pm to 2:00 pm (public meeting). Held on consecutive days by statute. Salt Lake City Recorders 1/9/2025 40 Finalization of BOE Hearings Finalize the report DED 1/14/2025 31B BOE Notice and Dates of BOE Meetings. Finalize Verbiage for BOE notice and dates of BOE meetings.Bond Counsel 11/22/2024 1/17/2025 32B Mailing process for the BOE notice.Begins 2 weeks before mailing date.Engineering 12/6/2024 1/21/2025 34B Publication of the BOE hearings.Publication and posting of time and location of the 3 consecutive meetings. Posted at least 20 days, but not more than 35 days from the first BOE hearings dates. Recorder's & DED 12/10/2024 1/21/2025 35B Mailing due to Recorder’s Office for review. Due 1 week before mailing date.Engineering 12/13/2024 1/23/2025 36B Mailing of preliminary assessment & notice of BOE hearings Mailing sent to each property owner and each street address. DED 12/20/2024 1/27/2025 37B BOE hearings 9:00 am to 10:00 am (public meeting). Held on consecutive days by statute. Salt Lake City Recorders 1/7/2025 2/18/2025 38B BOE hearings 10:00 am to 11:00 am (public meeting). Held on consecutive days by statute. Salt Lake City Recorders 1/8/2025 2/19/2025 39B BOE hearings 1:00 pm to 2:00 pm (public meeting). Held on consecutive days by statute. Salt Lake City Recorders 1/9/2025 2/20/2025 40B Finalization of BOE Hearings Finalize the report DED 1/14/2025 2/24/2025 42 BOE Report Completion BOE report completed, signed, and forwarded to City Council and Bond Counsel.DED 1/17/2025 3/3/2025 43 Mailing of BOE Final Report BOE report mailed to objecting property owners. Begins 15 day appeal period. Engineering 1/23/2025 3/10/2025 44 Assessment Ordinance Bond Counsel Draft Assessment Ordinance Bond Counsel 1/28/2025 3/13/2025 45 Assessment Ordinance Transmittal (Mayor’s Office). Assessment Ordinance transmitted to the Mayor's Office. DED 2/4/2025 3/14/2025 46 Assessment Ordinance Transmittal (Council Office). Assessment Ordinance transmitted to the Council Office. Mayor’s Office 2/7/2025 3/17/2025 49 Budget submission for CBIA Submit budget to SLC Finance Department in anticipation of approval. DED 2/7/2025 ? 47 City Council Meeting City Council accepts or modifies BOE recommendations and adopts or rejects Assessment Ordinance.City Council 3/4/2025 4/1/2025 50 Transfer properties into billing status.Engineering 3/20/2025 4/15/2025 51 Assessment Invoices and Billing Mail assessment notices and invoices to Property Owners by April 5, 2022 the latest.Treasurer 3/21/2025 4/16/2025 52 Publication & Posting of the Assessment Ordinance 1. Publication of the Assessment Ordinance as a Class A notice. DED/Recorder's 3/24/2025 4/21/2025 53 Certificate of Project Engineer Certificate of Project Engineer Signed by DED DED 3/25/2022 NA 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 5/19/2025 55 Effective start date of the Assessment Ordinance Must be specified in the Assessment Ordinance DED 4/21/2025 5/19/2025 56 Assessment Payments Due Invoice Payments due from property owners [15 days after effective date of Assessment Ordinance] Treasurer 5/6/2025 6/3/2025 This page has intentionally been left blank