HomeMy WebLinkAboutUpdated Resolution - 11/18/20251
SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY
RESOLUTION NO__________
Second 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
19
18th November
_____________________________,
Chair
2
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
Attach Board’s Final Approved Budget Amendment]
Project Area FTEs
1 Reallocation of budget from the Infrastructure Improvements program.Depot District -$ (1,502,473)$ (1,502,473.00) One-time
2 Reallocation of budget to the Infrastructure Property Acquisition program.Depot District 1,502,473 1,502,473.00 One-time
3 Reallocation of budget from the DD Infrastructure Improvements program.Program Income Fund (387,527) (387,527.00) One-time
4 Reallocation of budget to the DD Infrastructure Property Acquisition program.Program Income Fund 387,527 387,527.00 One-time
Total of Budget Amendment Items -$ -$ -$ -$
Depot District -$ One-time
Program Income Fund - One-time
Total of Budget Amendment Items -$ -$ -$ -$
86,036,232$ - - - - $ 86,036,232
86,036,232$ - - - - $ 86,036,232
Finance Department
Deputy Director, City Council/CRA Board
Total by Fund, Budget Amendment #2:
Current Year Budget Summary, provided for information only
FY 2025-26 Budget, Including Budget Amendments
Administration Proposed Board Approved