The next regular meeting of the Permanent Community Impact Fund Board (CIB) will be held on Thursday, September 5, 2024 at 1385 South State Street ~ Conference Room 157, Salt Lake City, Utah. The meeting will start at 9:00 a.m. with the staff briefing for the CIB. The action portion of the CIB meeting will start after the completion of the staff briefing.
AGENDA
1. Welcome & Introductions
2. Briefing
A. Up-coming Meeting Dates- October 3, 2024 - SLC
B. Financial Review - DWS Finance
3. Approval of Minutes (June 6, 2024 CIB Meeting; June 6-7, 2024 Policy Meeting)
4. New Projects
4.1 Monroe City - $350,000 Grant
Stormwater Improvement Project
4.2 Town of Redmond - $1,085,000 Grant
Wastewater Improvements Project
4.3 Town of Glenwood - $349,549 ($222,549 Grant, $127,000 Loan 10 Yr. @1.0%)
2024 Pavement Project
4.4 Richfield City Municipal Building Authority - $9,208,000 ($3,683,000 Grant, $5,525,000 Loan 30 Yr. @ 2.0%)
New Pool Facility 2025
4.5 Town of Wales - $600,000 Grant
Culinary Water Line Loop
4.6 Town of Dutch John - $2,063,000 ($1,103,000 Grant, $960,000 Loan 3 Yr. @ 0.0%)
Road Improvements - Dutch John North & South Boulevard
4.7 Beaver City - $6,967,000 ($4,180,000 Grant, $2,787,000 Loan 30 Yr. @ 2.0%)
Sewer Infrastructure Improvements
4.8 Northwestern Special Service District - $220,671 Grant
2024 F350 Quick Response Ambulance & Skid Steer + Trailer
4.9 Town of Randolph - $165,200 Grant
Road Improvements
4.10 Town of Deweyville - $348,000 Grant
Parking Lot for Town Hall / Park
4.11 Wayne County - $2,489,000 Grant
Emergency Services Building
5. Large Infrastructure - N/A
6. Pending Projects - N/A
7. Supplemental Requests
7.1 Escalante City MBA - $400,000 ($240,000 Grant, $160,000 Loan 30 Yr. @ 1.0%)
New Medical Center (Original funding October 5, 2023 $620,000 loan for 30 years @ 1.0% and a $940,000 grant (total $1,560,000)
7.2 Naples City - $1,700,000 ($1,250,000 Grant, $450,000 Loan 20 Yr. @ 0.5%)
Storm Water Preservation, Road Crossings & Road Safety Project (Original funding October 1, 2020 $1,262,000 grant and a $473,000 loan for 20 years @ 0.5% (total $1,735,000)
(Naples, Vernal, Uintah County Cash: $99,000; UDOT $150,000; NRCS $561,000 )
7.3 Heber City - $7,581,000 loan 30y @ 1.5%
Sewer & Pressurized Irrigation Phase 1 - 2023
(Original funding February 3, 2022 $20,509,000 loan for 30 years @ 1.5%) This loan has closed. This will be a supplemental loan for the same scope of work.
8. Special Consideration - N/A
8.1 Price City - $600,000 ($300,000 Grant, $300,000 Loan 20 Yr. @ 0.5%)
Emergency Flood Detention Pond
8.2 R6 Regional Council - $30,000 grant
Capital Improvement Plan (CIP) - Pilot Program
9. Board Member Discussion and/or Action Items
9.1 Policy language update and approval by the Board
Supplemental Funding Policy
9.2 CIB Board Meeting - October 3, 2024, Salt Lake City
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 Sarah Nielson 801.597.4289 or Kevin Bolander 801.526.9445.