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

September 24, 2019 02:00 PM

Description/Agenda

Board of Directors of the REDEVELOPMENT AGENCY OF SALT LAKE CITY AGENDA September 24, 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: 9/19/2019 3:02:43 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 118, 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 Hearings 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, August 20, 2019 and Tuesday, August 27, 2019. 2. Utah Theater Redevelopment Update ~ 2:10 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. 3. RDA Guiding Framework, including RDA Mission and Values ~ 2:55 p.m. 20 min. The Board will be briefed about RDA staff's proposed guiding framework and evaluation process for prioritizing various redevelopment projects. The intent of the framework would be to clarify the organization's purpose and outline a methodology for prioritizing projects that align most closely with the RDA's goals. In addition, staff is seeking input on a project evaluation process that would help determine a project's priority level based on the public benefits it creates. 4. Station Center Infrastructure Improvements and Maintenance Funding Update ~ 3:15 p.m. 30 min. The Board will receive an update on the Station Center infrastructure projects that would create three new City streets, reconstruct an existing street, upgrade utilities for anticipated development and provide other public improvements. The update includes possible ways to fund maintenance of the improvements and next steps. 5. Resolutions: Refunding of Redevelopment Agency Bonds, Series 2013, and Salt Lake City Sales and Excise Tax Revenue Bonds, Series 2007A ~ 3:45 p.m. 20 min. The Board will be briefed about, and will consider adopting, two related resolutions regarding RDA bonds: 1. a resolution that would authorize the issuance and sale of not more than $46,000,000 aggregate principal amount of its tax increment revenue refunding bonds, and related matters; and, 2. a resolution that would approve an updated debt service schedule in an interlocal agreement between the City and RDA related to the RDA's contribution to debt service payments for 2007A bonds issued by Salt Lake City for the construction of the Westside Railroad Realignment Project (Grant Tower) 6. Tentative Break 7. Resolution: Loan to CW Urban for Project Located at 378 West 300 South ~ 4:25 p.m. 20 min. The Board will be briefed about, and will consider adopting, a resolution that would authorize a loan of up to $3.3 million to CW Urban for a project located at 378 West 300 South. If approved, the loan would assist with the construction of The Olive, a multifamily residential development that would include 120 condominium units ranging in size from studios to two-bedroom units and penthouses. 8. Resolution: Notice of Funding Availability for Affordable Housing Funding Allocations ~ 4:45 p.m. 45 min. The Board will be briefed about, and will consider adopting, a resolution that would approve citywide affordable housing project funding allocations as selected through a $10.4 million Notice of Funding Availability (NOFA). If approved, approximately $6.1 million in loans and other incentives would be available for four affordable housing developments. The Board may also discuss the remaining $4.5 million for affordable housing options in the City's 'high-opportunity areas.' These are usually areas where residents have better access to factors affecting their potential economic mobility such as jobs, schools and public transit. 9. 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. 10. 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: - North Temple Event Recap; - New RFP Update; - Public Art Project Update; - RDA Staff Expertise; and - Scheduling Items. 11. 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: NONE. 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 5:00 p.m. on Thursday, September 19, 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

September 19, 2019 03:53 PM

Notice Last Edited On

September 19, 2019 03:53 PM

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