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

April 14, 2021 08:00 AM

Event End Date & Time

April 14, 2021 10:00 AM

Description/Agenda

A G E N D A Private Activity Bond Authority Board Members John T. Crandall, Chairman April 14, 2021 The next meeting of the Private Activity Bond Review Board will be held on Wednesday, April 14, 2021 at 9:00 am in electronic format using the Granicus videoconferencing application through the Housing and Community Development Division, 1385 South State Street, Suite 400, Salt Lake City, Utah. NOTE: The State of Utah Private Activity Bond Authority Board recognizes the new OPMA provisions regarding anchor location requirements for public meetings. This is notification that an anchor location for this PAB board meeting has been suspended due to substantial risk to the health and safety of members of the public and this Committee in response to the COVID-19 pandemic until further notice. AGENDA I. Welcome and Introductions II. Approval of Minutes (January 20, 2021) III. Status of Accounts IV. Volume Cap Extension/Additional Cap Requests Extension Requests A. Multifamily Housing Projects IV. Volume Cap Extension Requests Extension Requests A. Multifamily Housing Projects 1. Euclid Station Flats First 120 Units - 100% Affordable New Construction - Salt Lake City Developer - Roers Companies Original Allocation - $16,000,000 [January 20, 2021 2. Mark Steel Apartments First 330 Units - 100% Affordable New Construction - Salt Lake City Developer - Scandia Company Original Allocation - $28,250,000 [January 20, 2021 2Volume Cap Extension/Additional Cap Requests (continued) 3. Richfield Apartments First 120 Units - 100% Affordable New Construction - Richfield Developer - Triago Ventures Original Allocation - $16,000,000 [January 20, 2021] 4. The Vue at Salt Lake City First 207 Units - 100% Affordable New Construction - Salt Lake City Developer - Alta Bay Capital Original Allocation - $23,620,000 [December 9, 2020] 5. 1700 South Apartments Second 237 Units - 100% Affordable New Construction - Salt Lake City Developer - Wasatch Residential Original Allocation - $35,470,000 [October 14, 2020] 6. River Rock [fka Park Place at City Centre] Second 238 Units - Increased to 264 Units - 100% Affordable Acquisition/Rehabilitation - Salt Lake City Developer - LEDG Capital Original Allocation - $36,500,000 [December 9, 2020] 7. Riverwalk Apartments Second 120 Units - 100% Affordable New Construction - Ogden Developer - Lotus Companies Original Allocation - $16,700,000 [October 14, 2020] 8. Wall and 17th Street Apartments Second 128 Units - 100% Affordable New Construction - Ogden Developer - Westates Companies Original Allocation - $19,300,000 [October 14, 2020] Returned Bond Cap of $3,000,000 [January 20, 2021] 9. Bumper House Apartments Third 234 Units - 100% Affordable New Construction - Salt Lake City Developer - SMH Builders Original Allocation - $23,450,000 [July 15, 2020] 3 Volume Cap Extension/Additional Cap Requests (continued) 10. 85 North Apartments (Phase II) Fourth 30 Units - 100% Affordable New Construction - Provo Developer - Provo City Housing Authority Original Allocation - $4,200,000 [April 8, 2020] 11. Marq Apartments Fifth [FINAL] 243 Units - 100% Affordable New Construction - Clearfield Developer - Lotus Companies Original Allocation - $30,500,000 [January 15, 2020] Additional Allocation - $4,360,000 [October 14, 2020] Returned Bond Cap of $8,360,000 [January 20, 2021] Revised Allocation - $27,000,000 [January 20, 2021] 12. Meadows at Homestead Apartments Fifth [FINAL] 164 Units - 100% Affordable New Construction - Logan Developer - Wasatch Affordable Ventures Original Allocation - $19,100,000 [January 15, 2020] - Closed Sept 11, 2020 Additional Allocation - $2,769,100 [October 14, 2020] 13. New City Plaza Apartments Fifth [FINAL] 299 Units - 100% Affordable Acquisition/Rehabilitation - Salt Lake City Developer - Housing Connect/HASLC Original Allocation - $34,000,000 [January 15, 2020] 14. Village at North Station Apartments Fifth [FINAL] 825 Units - 100% Affordable New Construction - Salt Lake City Developer - Gardner Batt Original Allocation - $82,400,000 [December 19, 2019] Additional Allocation - $16,200,000 [October 14, 2020] B. Single Family Housing 1. Utah Housing Corporation First Single Family Housing Original 2021 Allocation - $148,115,260 [January 20, 2021] C. Additional Volume Cap Requests - Existing Projects Amount Requested 1. Mark Steel Apartments $3,000,000 330 Units - 100% Affordable New Construction - Salt Lake City Developer - Scandia Company Original Allocation - $28,250,000 [January 20, 2021] 4 Additional Volume Cap Requests - Existing Projects (continued) 2. New City Plaza Apartments $1,100,000 299 Units - 100% Affordable Acquisition/Rehabilitation - Salt Lake City Developer - Housing Connect/HASLC Original Allocation - $34,000,000 [January 15, 2020] V. New Volume Cap Requests Amount Requested A. Manufacturing Facilities 1. Dale T. Smith and Sons Meat Packing $10,000,000 Meat Packing Facility New Construction - Richfield 2. Future Comp Manufacturing $10,000,000 Carbon Fiber Manufacturing New Construction - Gunnison VI. Other Business and Adjournment A. Next Meeting - Wednesday, July 14, 2021

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: Apr 14, 2021 09:00 AM Mountain Time (US and Canada) Topic: PAB Board Meeting Register in advance for this webinar: https://www.zoomgov.com/webinar/register/WN_I7muis6KSe6HK2YYrqBDUg After registering, you will receive a confirmation email containing information about joining the webinar.

Other Information

NOTE: The State of Utah Private Activity Bond Authority Board recognizes the new OPMA provisions regarding anchor location requirements for public meetings. This is notification that an anchor location for this PAB board meeting has been suspended due to substantial risk to the health and safety of members of the public and this Committee in response to the COVID-19 pandemic until further notice.

Meeting Information

Meeting Location

1385 So. State Street
VIRTUAL MEETING via Zoom Webinar -
Salt Lake City, UT 84115
Show in Apple Maps Show in Google Maps

Notice Posting Details

Notice Posted On

April 05, 2021 07:22 AM

Notice Last Edited On

July 15, 2021 10:22 AM

Subscribe by Email

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