MEMORANDUM
To: Private Activity Bond Authority Board Members
From: John T. Crandall, Chairman
Date: April 2, 2019
Subject: Meeting Announcement and Agenda for April 10, 2019
The next meeting of the Private Activity Bond Review Board will be held on Wednesday, April 10, 2019, at 9:00 a.m., at Housing & Community Development, 1385 South State Street, Room 157A, Salt Lake City, Utah.
Agenda
Page
I. Welcome and Introductions
II. Approval of Minutes (January 16, 2019) 4
III. Status of Accounts 7
IV. Volume Cap Extension Requests Extension Request
a. Single Family Account First
Single Family Housing
Issuer - Utah Housing Corporation
Original Allocation - $136,790,835
b. Multi-Family Housing Projects
1. Lincoln Tower First 14
95 Units - All Affordable
Salt Lake City, Utah
Developer - Wishcamper Developers
Origina Allocation: $8,665,000
Requesting an additional $1,335,000 in volume cap
Volume Cap Extension Requests (cont)
2. SPARK! First 17
127 Units - 99 Affordable; 28 Market Rate
Salt Lake City, Utah
Developer - Brinshore Development
Original Allocation: $19,000,000
3. 255 State 4 First 18
117 Units - 76 Affordable; 41 Market Rate
Salt Lake City, Utah
Developer - Brinshore Development
Original Allocation: $27,000,000
4. Broadway-Heritage Village Second 19
48 Units - All Affordable
Tooele, Utah
Developer - Broadway-Heritage Village, LLC
Original Allocation - $4,500,000
5. Arcadia Phase II Second 22
177 Units - All Affordable
Sandy, Utah
Developer - Wasatch Residential Group
Original Allocation - $21,500,000
Requesting an additional $1,000,000 in volume cap
6. The Exchange B Third 25
126 Units - 40 Affordable; 86 Market Rate
Salt Lake City, Utah
Developer - Downtown SLC Partners, LLC
Original Allocation - $11,195,000
7. Jordan Bluffs Fourth 28
192 Units - All Affordable
Midvale City, Utah
Developer - Wasatch residential Group
Original Allocation - $24,750,000
8. TriView Apartments Fourth 31
276 Units - All Affordable
Draper City, Utah
Developer - Triago Ventures, Inc.
Original Allocation - $30,798,000
Volume Cap Extension Requests (cont)
9. MODA Union Fourth 34
206 Units - All Affordable
Midvale City, Utah
Developer - JF Capital
Original Allocation - $21,900,000
Requesting an additional $2,000,000 in volume cap
10. Liberty Uptown Eighth 37
109 Units - 46 Affordable; 63 Market Rate
Salt Lake City, Utah
Developer - Cowboy Partners
Original Allocation - $16,500,000
Requesting an additional $1,000,000
V. Volume Cap Allocation Requests Amount Requested Page
1. Red Rocks @ Sienna Hills $32,200,000 41
258 Units - All Affordable
Washington City, Utah
Developer - Triago Ventures, Inc.
2. MODA Glenwood $22,000,000 48
176 Units - All Affordable
Milcreek, Utah
Developer - JF Capital
VI. Other Business and Adjournment
A. PAB Rules
B. Next Meeting - Wednesday, July 17, 2019, 9:00 a.m
Notice of Special Accommodations (ADA)
In compliance with the Americans with Disability Act (ADA), auxiliary aids and services are available upon request to individuals with disabilities by calling 1 (801) 526-9240. Individuals with speech and/or hearing impairments may call Relay Utah by dialing 711. Spanish Relay: 1 (888) 346-3162.