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Home My WebLink About15 of 2025 - CRA Budget Amendment No.1 FY 2025-261 SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY RESOLUTION NO__________ First Budget Amendment for Fiscal Year 2025- 2026 RESOLUTION OF THE BOARD OF DIRECTORS OF THE SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY AMENDING THE FINAL BUDGET OF THE CRA FOR FISCAL YEAR 2025-2026. WHEREAS, on June 10, 2025, the Salt Lake City Community Reinvestment Agency CRA) (formerly known as the Redevelopment Agency of Salt Lake City) Board of Directors Board) adopted the final budget of the CRA, effective for the fiscal year beginning July 1, 2025, and ending June 30, 2026, in accordance with the requirements of Section 17C-1-601.5 of the Utah Code. WHEREAS, all conditions precedent to amend the CRA's final annual budget have been accomplished. NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Salt Lake City Community Reinvestment Agency: 1. Purpose. The purpose of this resolution is to amend the final annual budget of the CRA, as approved, ratified and finalized by the Board on June 10, 2025. 2. Adoption of Amendments. The budget amendments shown on Exhibit A as “Board Approved” are hereby adopted and incorporated into the annual budget of the CRA. 3. Filing of copies of the Budget Amendments. The Salt Lake City Finance Department, on behalf of the CRA, is authorized and directed to certify and file a copy of said budget amendments in the office of the Finance Department, the CRA, and the office of the City Recorder, which amendments shall be available for public inspection. Passed by the Board of Directors of the Salt Lake City Community Reinvestment Agency of Salt Lake City, Utah, this day of , 2025, to be effective upon adoption. Chair Approved as to form: __/s/ Jennifer Huntsman__ Salt Lake City Attorney’s Office Jennifer Huntsman 15 of 2025 14th October Darin Mano Jennifer Huntsman (Oct 28, 2025 15:23:43 MDT) Jennifer Huntsman Darin Mano (Nov 4, 2025 10:48:28 CST) Darin Mano 2 The Executive Director: does not request reconsideration requests reconsideration at the next regular Agency meeting Erin Mendenhall, Executive Director Attest: City Recorder Rachel Otto (Nov 4, 2025 11:01:12 MST)Rachel Otto 4 3 EXHIBIT A TO RESOLUTION Attach Board’s Final Approved Budget Amendment] Project Area Revenue Amount Expenditure Amount Revenue Amount Expenditure Amount Ongoing or One- time FTEs 1 Reallocation of Commercial Revolving Loan Program funding Central Business District - (1,626,949) - (1,626,949) One-time 1 Reallocation of Commercial Revolving Loan Program funding Revolving Loan Fund - (3,373,051) - (3,373,051) One-time 2 Creation of the Disaster Relief Loan Program (DRLP) emergency funding from Commercial Revolving Loan Program Central Business District - 1,626,949 - 1,626,949 One-time 2 Creation of the Disaster Relief Loan Program (DRLP) emergency funding from Commercial Revolving Loan Program Revolving Loan Fund - 3,373,051 - 3,373,051 One-time 3 Reallocation of Commercial Assistance Reserve funding to CDLP Deport District - (1,000,000) - (1,000,000) One-time 3 Reallocation of Commercial Assistance Reserve funding to CDLP Granary District - (2,267,132) - (2,267,132) One-time 4 Reallocation of Adaptive Reuse Loan funding to CDLP Granary District - (882,175) - (882,175) One-time 5 Reallocation of Commercial Assistance and Adaptive Reuse funds to CDLP Deport District - 1,000,000 - 1,000,000 One-time 5 Reallocation of Commercial Assistance and Adaptive Reuse funds to CDLP Granary District - 3,149,307 - 3,149,307 One-time - Total of Budget Amendment Items -$ -$ -$ -$ Redevelopment Agency Central Business District -$ -$ One-time Redevelopment Agency Depot District - - Redevelopment Agency Granary District - - Redevelopment Agency Revolving Loan Fund - - One-time Total of Budget Amendment Items -$ -$ -$ -$ Total Revenue RDA BA #1 Total RDA BA #2 Total RDA BA #3 Total RDA BA #4 Total Total To-Date Redevelopment Agency 86,036,232$ - - - - $ 86,036,232 Total of Budget Amendment Items 86,036,232$ - - - - $ 86,036,232 Total Expense RDA BA #1 Total RDA BA #2 Total RDA BA #3 Total RDA BA #4 Total Total To-Date Redevelopment Agency 86,036,232$ - - - - $ 86,036,232 Total of Budget Amendment Items 86,036,232$ - - - - $ 86,036,232 Current Year Budget Summary, provided for information only FY 2025-26 Budget, Including Budget Amendments Section F: Donations Section G: Board Consent Agenda -- Grant Awards Section I: Board Added Items Total by Fund, Budget Amendment #1: Section E: Grants Requiring No New Staff Resources Fiscal Year 2025-26 CRA Budget Amendment #1 - Final Adopted 10/14/2025 Administration Proposed Board Approved Initiative Number/Name Section A: New Items Section B: Grants for Existing Staff Resources Section C: Grants for New Staff Resources Section D: Housekeeping Budget Manager Deputy Director, City Council/RDA Board Contingent Appropriation and Notes Certification Benjamin Luedtke (Oct 22, 2025 11:46:56 MDT) Deputy Chief Financial Officer Jennifer Bruno (Oct 28, 2025 12:31:38 MDT) Jennifer Bruno Executive Director, Council Staff *Adopted October 14, 2025* CRA Resolution 15 of 2025 - BAM No 1 FY25-26 Final Audit Report 2025-11-04 Created:2025-10-22 By:DeeDee Robinson (deedee.robinson@slc.gov) Status:Signed Transaction ID:CBJCHBCAABAAtNH-bs0qAWRxtGOY6--SfDWS-QFqAK30 "*Adopted October 14, 2025* CRA Resolution 15 of 2025 - BAM No 1 FY25-26" History Document created by DeeDee Robinson (deedee.robinson@slc.gov) 2025-10-22 - 4:36:38 PM GMT Document emailed to Benjamin Luedtke (Benjamin.Luedtke@slc.gov) for signature 2025-10-22 - 4:42:38 PM GMT Email viewed by Benjamin Luedtke (Benjamin.Luedtke@slc.gov) 2025-10-22 - 5:46:21 PM GMT Document e-signed by Benjamin Luedtke (Benjamin.Luedtke@slc.gov) Signature Date: 2025-10-22 - 5:46:56 PM GMT - Time Source: server Document emailed to jennifer.bruno@slc.gov for signature 2025-10-22 - 5:46:58 PM GMT Email viewed by jennifer.bruno@slc.gov 2025-10-28 - 6:31:00 PM GMT Signer jennifer.bruno@slc.gov entered name at signing as Jennifer Bruno 2025-10-28 - 6:31:36 PM GMT Document e-signed by Jennifer Bruno (jennifer.bruno@slc.gov) Signature Date: 2025-10-28 - 6:31:38 PM GMT - Time Source: server Document emailed to jennifer.huntsman@slc.gov for signature 2025-10-28 - 6:31:40 PM GMT Email viewed by jennifer.huntsman@slc.gov 2025-10-28 - 9:23:06 PM GMT Signer jennifer.huntsman@slc.gov entered name at signing as Jennifer Huntsman 2025-10-28 - 9:23:41 PM GMT Document e-signed by Jennifer Huntsman (jennifer.huntsman@slc.gov) Signature Date: 2025-10-28 - 9:23:43 PM GMT - Time Source: server Document emailed to darin.mano@slc.gov for signature 2025-10-28 - 9:23:45 PM GMT Email viewed by darin.mano@slc.gov 2025-11-04 - 4:47:29 PM GMT Signer darin.mano@slc.gov entered name at signing as Darin Mano 2025-11-04 - 4:48:26 PM GMT Document e-signed by Darin Mano (darin.mano@slc.gov) Signature Date: 2025-11-04 - 4:48:28 PM GMT - Time Source: server Document emailed to Erin Mendenhall (erin.mendenhall@slc.gov) for signature 2025-11-04 - 4:48:31 PM GMT Email viewed by Erin Mendenhall (erin.mendenhall@slc.gov) 2025-11-04 - 5:50:03 PM GMT Document signing delegated to rachel.otto@slc.gov by Erin Mendenhall (erin.mendenhall@slc.gov) 2025-11-04 - 5:50:14 PM GMT Document emailed to rachel.otto@slc.gov for signature 2025-11-04 - 5:50:15 PM GMT Email viewed by rachel.otto@slc.gov 2025-11-04 - 6:00:54 PM GMT Signer rachel.otto@slc.gov entered name at signing as Rachel Otto 2025-11-04 - 6:01:10 PM GMT Document e-signed by Rachel Otto (rachel.otto@slc.gov) Signature Date: 2025-11-04 - 6:01:13 PM GMT - Time Source: server Document emailed to Keith Reynolds (Keith.Reynolds@slc.gov) for signature 2025-11-04 - 6:01:14 PM GMT Email viewed by Keith Reynolds (Keith.Reynolds@slc.gov) 2025-11-04 - 6:02:05 PM GMT Document e-signed by Keith Reynolds (Keith.Reynolds@slc.gov) Signature Date: 2025-11-04 - 6:02:17 PM GMT - Time Source: server Agreement completed. 2025-11-04 - 6:02:17 PM GMT