General Information

Government Type

State Agency

Entity

Department of Workforce Services

Entity Website

https://jobs.utah.gov/

Public Body

Private Activity Bond Authority Program (PAB)

Notice Information

Add Notice to Calendar

Notice Title

Private Activity Bond Authority Board Meeting

Notice Tags

Department of Workforce Services

Notice Type(s)

Meeting

Event Start Date & Time

July 15, 2020 09:00 AM

Event End Date & Time

July 15, 2020 11:00 AM

Description/Agenda

Agenda Page I. Welcome and Introductions II. Approval of Minutes (April 8, 2020) III. Status of Accounts IV. Volume Cap Extension/Additional Cap Requests Extension Requests A. Multifamily Housing Projects 1. 255 State 4 Fifth 118 Units - 100 Affordable; 16 Market-Rate New Construction - Salt Lake City Developer - Brinshore Development Original Allocation - $27,000,000 [December 19, 2018] Additional Allocation - $4,000,000 [April 8, 2020] 2. Moda Glenwood Fourth 176 Units - 100% Affordable New Construction - Millcreek Developer - J.F. Properties Original Allocation - $22,000,000 [April 10, 2019] Additional Allocation - $3,000,000 [April 8, 2020] Volume Cap Extension/Additional Cap Requests (continued) 3. Logan 200 North Second 164 Units - 100% Affordable New Construction - Logan Developer - Wasatch Affordable Ventures Original Allocation - $19,100,000 [January 15, 2020] 4. Marq Apartments Second 243 Units - 100% Affordable New Construction - Clearfield Developer - Lotus Development Original Allocation - $30,500,000 [January 15, 2020] Requesting Additional Bond Cap of $4,100,000 5. New City Plaza Apartments Second 299 Units - 100% Affordable Acquisition/Rehabilitation - Salt Lake City Developer - Housing Connect/HASLC Original Allocation - $34,000,000 [January 15, 2020] 6. North Temple LIHTC Apartments Second 750 Units - 100% Affordable New Construction - Salt Lake City Developer - Gardner Batt Original Allocation - $82,400,000 [December 18, 2019] 7. North Logan Apartments First 176 Units - 100% Affordable New Construction - Logan Developer - Westates Companies Original Allocation - $20,235,000 [April 8, 2020] 8. Senior Living on Washington II First 26 Units - 100% Affordable New Construction - Ogden Developer - Canterbury Partners Original Allocation - $2,999,999 [April 8, 2020] 9. American Fork Affordable First 196 Units - 100% Affordable New Construction - American Fork Developer - Wasatch Residential Group Original Allocation - $30,000,000 [April 8, 2020] Volume Cap Extension/Additional Cap Requests (continued) 10. 85 North Apartments II First 30 Units - 100% Affordable New Construction - Provo Developer - Provo City Housing Authority Original Allocation - $4,200,000 [April 8, 2020] B. Single Family Account Second Single Family Housing Issuer - Utah Housing Corporation Original Allocation - $139,404,730 [January 15, 2020] V. Volume Cap Requests Amount A. Multifamily Housing (no scoring sheet - only one project) 1. Bumper House Apartments $23,450,000 234 Units - 100% Affordable New Construction - Salt Lake City Developer - SMH Builders B. Manufacturing Facilities 1. CSS Composites $10,000,000 Carbon Fiber Bicycle Wheel Manufacturing New Construction - Richfield 2. Dale T. Smith and Sons Meats $10,000,000 Meat Packing Facility New Construction - Richfield VI. Other Business and Adjournment A. Next Meeting - Wednesday, October 14, 2020

Notice of Special Accommodations (ADA)

In compliance with the Americans with Disabilities Act, individuals needing special accommodations (including auxiliary communicative aids and services) during this meeting should notify Jess Peterson at 801-468-0145.

Notice of Electronic or Telephone Participation

Hi there, You are invited to a Zoom webinar. When: Jul 15, 2020 09:00 AM Mountain Time (US and Canada) Topic: PAB Board Meeting Register in advance for this webinar: https://zoom.us/webinar/register/WN_EbY5jg5JRUWYGrrgjLOCFg After registering, you will receive a confirmation email containing information about joining the webinar.

Meeting Information

Meeting Location

1385 So. State Street
Floor 4
Salt Lake City, UT 84115
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Notice Posting Details

Notice Posted On

July 06, 2020 09:41 AM

Notice Last Edited On

October 14, 2020 11:56 AM

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