MEMORANDUM
To: Private Activity Bond Authority Board Members
From: John T. Crandall, Chairman
Subject: Meeting Announcement and Agenda for December 14, 2022
Location, In-Person: 720 South 200 East, Salt Lake City, UT 84111, Conference Room 100
Location, Virtual: https://utah-gov.zoom.us/j/85158295259
The next meeting of the Private Activity Bond Review Board will be held on Wednesday, December 14, 2022 at 9:00 am in-person and via Zoom.
AGENDA
I. Welcome and Introductions
II. Approval of Minutes
- September 14, 2022, Work Session
- October 12, 2022
III. Action Items
- 2023 Calendar Approval
- Administrative Rules: Discussion
- Utah Housing Corporation CarryForward Request
IV. Status of Accounts
V. Additional Volume Cap Request
A. Multifamily Housing Projects
1. The Nest at Rio Grande
220 Units - 100% Affordable
New Construction 382 S Rio Grande
Developer - W3 Partners, Janet West SLC, UT 84101
Original Allocation - $29,600,000 [November 8, 2021]
Current Allocation - $30,960,000 [April 13, 2022]
Additional Allocation Requested - $3,000,000 [December 14, 2022]
2. Lotus Riverwalk II
174 Units - 100% Affordable
New Construction 1847 Wall St.
Developer - Lotus Development Ogden, UT 84401
Original Allocation - $25,000,000 [July 13, 2021]
Additional Allocation Requested - $1,000,000 [December 14, 2022]
3. 144 South
110 Units - 100% Affordable
New Construction 144 S 500 E
Developer - Red Gate Capital, Peter Corroon SLC, UT 84102
Original Allocation - $16,900,000 [November 8, 2021]
Current Allocation Request - $19,600,000 [October 12, 2022]
Additional Allocation Request - $500,000 [December 14, 2022]
VII. Other Business and Adjournment
A. Updated PAB Website
B. Next Meeting - Wednesday, January 11, 2023
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 McKenna Marchant at 801-468-0145.