General Information

Government Type

Municipality

Entity

Salt Lake City

Public Body

Redevelopment Agency

Notice Information

Add Notice to Calendar

Notice Title

MEETING AGENDA

Notice Tags

Business

Notice Type(s)

Meeting

Event Start Date & Time

August 20, 2019 02:00 PM

Description/Agenda

Board of Directors of the REDEVELOPMENT AGENCY OF SALT LAKE CITY AGENDA August 20, 2019 Tuesday 2:00 PM Council Work Room 451 South State Street Room 326 Salt Lake City, UT 84111 SLCRDA.com In accordance with State Statute, City Ordinance and Salt Lake City Council Policy, one or more RDA Board Members may be connected via speakerphone. After 5:00 p.m., please enter the City & County Building through the main east entrance. This is a discussion among RDA Board Directors and select presenters. The public is welcome to listen, unless otherwise specified as a public comment period. Items scheduled may be moved and / or discussed during a different portion of the Meeting based on circumstance or availability of speakers. Generated: 8/15/2019 2:36:41 PM A. Comments: 1. General Comments to the Board ~2:00 p.m. 5 min The RDA Board of Directors will receive public comments regarding Redevelopment Agency business in the following formats: 1. Written comments submitted to RDA offices, 451 South State Suite 418, Salt Lake City, UT no later than two hours prior to the meeting start time on the day of the meeting. 2. Comments to the RDA Board of Directors. (Comments are taken on any item not scheduled for a public Hearing, as well as on any other RDA Business. Comments are limited to two minutes.) B. Public Hearing - individuals may speak to the Board once per public hearing topic for two minutes, however written comments are always accepted: NONE. C. Redevelopment Agency Business - The RDA Board of Directors will receive information and/or hold discussions and/or take action on: 1. Approval of Minutes ~2:05 p.m. 5 min. The Board will approve the meeting minutes of Tuesday, June 11, 2019 and Tuesday, July 9, 2019. 2. RDA Capital Improvement Program Projects Follow-up ~ 2:10 p.m. 10 min. The Board will hold a follow-up discussion about the Mayor's proposed RDA capital projects for Fiscal Year 2019-20. Capital projects typically involved the construction, purchase or redevelopment of buildings, infrastructure or public spaces. Generally, projects have a useful life of five or more years and cost $50,000 or more. 3. Resolution: NWQ LLC Tax Increment Agreement ~ 2:20 p.m. 30 min. The Board will discuss, and consider adopting, a resolution authorizing a property tax increment reimbursement of up to $28 million to NWQ, LLC over a 20-year term, to repay the developer for certain public and site improvements, with the actual reimbursement amount based on increment generated only by the project. 4. Tentative Break 5. Block 67 North Community Reinvestment Area Interlocal Agreements with Salt Lake County ~ 2:55 p.m. 40 min. The Board will be briefed about a resolution which authorizes an interlocal agreement with Salt Lake County, as part of the proposed development on the Block 67 North Community Reinvestment Area (CRA). Block 67 is a City block bounded by 100 South, 200 South, 200 West and 300 West, and the development project would contain a residential, commercial and hotel complex, as well as an underground parking structure. The Board approved the creation of the Block 67 North CRA on March 26, 2019, in part to facilitate the County's transfer of $15 million in transportation funds to the developer for the parking structure. 6. Utah Theater Redevelopment Update ~ 3:35 p.m. 45 min. The Board will be briefed about the potential redevelopment of the Utah Theater, located at 144 South Main Street, and adjacent retail property. 7. Report and Announcements from the Executive Director TENTATIVE 5 min. Report of the Executive Director, including a review of information items, announcements, and scheduling items. The Board of Directors may give feedback or policy input. 8. Report and Announcements from RDA Staff TENTATIVE 5 min. The Board may review Board information and announcements. The Board may give feedback on any item related to City business, including but not limited to: - Spyhop Groundbreaking; and - Scheduling Items. 9. Report of the Chair and Vice Chair TENTATIVE 5 min. D. Written Briefings - the following briefings are informational in nature and require no action of the Board. Additional information can be provided to the Board upon request: 1. Loan Portfolio Report - as of June 30, 2019 Written Briefing The Board will receive a semiannual written report about the current status of the RDA's loan portfolio, which identifies: - New loans closed between July 1, 2018 and June 30, 2019; - Outstanding principal for each loan fund; - Any delinquencies; and - The remaining amount available to lend in the existing portfolio. E. Consent - the following items are listed for consideration by the Board and can be discussed individually upon request. A motion to approve the consent agenda is approving all of the following items: NONE. F. Tentative Closed Session The Board will consider a motion to enter into Closed Session. A closed meeting described under Section 52-4-205 may be held for specific purposes including, but not limited to: 1. discussion of the character, professional competence, or physical or mental health of an individual; 2. strategy sessions to discuss pending or reasonably imminent litigation; 3. strategy sessions to discuss the purchase, exchange, or lease of real property: i. disclose the appraisal or estimated value of the property under consideration; or ii. prevent the public body from completing the transaction on the best possible terms; 4. strategy sessions to discuss the sale of real property, including any form of a water right or water shares, if: i. public discussion of the transaction would: (A) disclose the appraisal or estimated value of the property under consideration; or (B) prevent the public body from completing the transaction on the best possible terms; ii. the public body previously gave public notice that the property would be offered for sale; and iii. the terms of the sale are publicly disclosed before the public body approves the sale; 5. discussion regarding deployment of security personnel, devices, or systems; and 6. investigative proceedings regarding allegations of criminal misconduct. A closed meeting may also be held for attorney-client matters that are privileged pursuant to Utah Code § 78B-1-137, and for other lawful purposes that satisfy the pertinent requirements of the Utah Open and Public Meetings Act. CERTIFICATE OF POSTING On or before 4:00 p.m. on Thursday, August 15, 2019, the undersigned, duly appointed City Recorder, does hereby certify that the above notice and agenda was (1) posted on the Utah Public Notice Website created under Utah Code Section 63F-1-701, and (2) a copy of the foregoing provided to The Salt Lake Tribune and/or the Deseret News and to a local media correspondent and any others who have indicated interest. CINDI L. MANSELL, MMC/CRM SALT LAKE CITY RECORDER Final action may be taken in relation to any topic listed on the agenda, including but not limited to adoption, rejection, amendment, addition of conditions and variations of options discussed. The City & County Building is an accessible facility. People with disabilities may make requests for reasonable accommodation, which may include alternate formats, interpreters, and other auxiliary aids and services. Please make requests at least two business days in advance. To make a request, please contact the City Council Office at council.comments@slcgov.com, 801-535-7600, or relay service 711.

Notice of Special Accommodations (ADA)

The City & County Building is an accessible facility. People with disabilities may make requests for reasonable accommodation, which may include alternate formats, interpreters, and other auxiliary aids and services. Please make requests at least two business days in advance. To make a request, please contact the RDA offices at 535-7240, or relay 711.

Notice of Electronic or Telephone Participation

In accordance with State Statute, City Ordinance and Council Policy, one or more Members may be connected via speakerphone.

Meeting Information

Meeting Location

451 SOUTH STATE STREET, ROOM 326
SALT LAKE CITY, 84111
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Contact Name

Cindy Lou Trishman

Contact Email

cindy.trishman@slc.gov

Contact Phone

(801)535-6223

Notice Posting Details

Notice Posted On

August 15, 2019 03:31 PM

Notice Last Edited On

August 15, 2019 03:31 PM

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