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

October 8, 2019 02:00 PM

Description/Agenda

Board of Directors of the REDEVELOPMENT AGENCY OF SALT LAKE CITY AGENDA October 8, 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: 10/3/2019 4:17:24 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. 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. Informational: Utah Theater Redevelopment Follow-up ~ 2:05 p.m. 15 min. The Board will receive a follow-up briefing about the potential redevelopment of the Utah Theater, located at 144 South Main Street, and adjacent retail property. 2. Resolutions: RDA Tax Increment Revenue Refunding Bonds, Series 2019, and Updated Debt Service Schedule in interlocal agreement related to Sales and Excise Revenue Bonds, Series 2007A ~ 2:20 p.m. 10 min. The Board will have a follow-up discussion 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 Series 2019 for the purpose of refunding a portion of its outstanding tax increment revenue 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). 3. Resolution: RDA Budget Amendment No.1 for Fiscal Year 2019-20 ~ 2:30 p.m. 40 min. The Board will be briefed about a resolution amending the final budget of the Redevelopment Agency of Salt Lake City for Fiscal Year 2019-20. Budget amendments happen several times each year to reflect adjustments in the Redevelopment Agency's budget, including proposed project additions and modifications. This proposed amendment includes allocating funding to the new 650 South Main TRAX Station, and reallocating funds for the Station Center project, among other changes. 4. Resolution: North Temple Urban Renewal Area Interlocal Agreement with Salt Lake City School District Follow-up ~ 3:10 p.m. 10 min. The Board will receive a follow-up briefing about, and will consider adopting, a resolution that would amend an interlocal agreement between the RDA and Salt Lake City School District. The current agreement states that up to $2 million in tax increment generated by the North Temple Urban Renewal Area would be set aside for the construction of a new school in the area. However, the School District no longer anticipates a need for an additional school in the area and is requesting the funds be used for infrastructure related to safe school crossings. 5. Resolution: Loan to West End LLC for Project at 740 West 900 South ~ 3:20 p.m. 20 min. The Board will be briefed about, and will consider adopting, a resolution that would authorize a loan of up to $3.1 million to West End LLC. If approved, the five-year loan would assist with an adaptive reuse project of two warehouses at 740 West 900 South. The project would contain approximately 12,500 square feet of commercial space, as well as pedestrian and road improvements to an existing alley. 6. Informational: North Temple Project Area Catalytic Development Strategies ~ 3:40 p.m. 30 min. The Board will receive an update about recent and current development activities, tax increment growth to-date, and potential projects and programs to catalyze further development in the North Temple Project Area. 7. Resolution: Policies for Project Areas not Collecting Tax Increment ~ 4:10 p.m. 20 min. The Board will be briefed about, and will consider adopting, a resolution that would establish policies for spending RDA funds within project areas before and after the tax increment collection period and for dissolving expired project areas. 8. 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. 9. 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: - Announcing Ashley Scarff RDA New Project Manager; - Project Area Creation Status; and - Scheduling Items. 10. 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: 1. Resolution: RDA Budget Amendment No.1 for Fiscal Year 2019-20 The Board will set the date of Tuesday, November 12, 2019 at 2 p.m. to accept public comment, discuss and consider adopting a resolution amending the final budget of the Redevelopment Agency of Salt Lake City for Fiscal Year 2019-20. Budget amendments happen several times each year to reflect adjustments in the Redevelopment Agency's budget, including proposed project additions and modifications. This proposed amendment includes allocating funding to the new 650 South Main TRAX Station, and reallocating funds for the Station Center project, among other changes. 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 6:00 p.m. on Thursday, October 03, 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
Show in Apple Maps Show in Google Maps

Contact Name

Cindy Lou Trishman

Contact Email

cindy.trishman@slc.gov

Contact Phone

(801)535-6223

Notice Posting Details

Notice Posted On

October 03, 2019 04:54 PM

Notice Last Edited On

October 03, 2019 04:54 PM

Subscribe by Email

Subscription options will send you alerts regarding future notices posted by this Body.