The next regular meeting of the Permanent Community Impact Fund Board (CIB) will be held on Thursday, October 3, 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- TBD
B. Financial Review
3. Approval of Minutes (September 5, CIB Meeting)
4. Priority 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 5 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
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 and Change of Scope
7.1 Enoch City - $500,000 loan for 30y @ 2.5%
Police Department Expansion (Original funding October 5, 2023 $1,460,000 loan for 30Y @ 2.5% (total $1,560,000)
7.2 Heber Valley Special Service District - $0 - Change of Scope ONLY
Wastewater Treatment Facility Upgrade Phase I (Original funding October 5, 2023 $12,909,000 loan for 20Y @ 2.5%; Applicant Cash $7,500,000 (total $20,409,000)
7.3 Town of Koosharem - $90,000 grant
New Community Center - include paved parking lot (Original funding June 1, 2023 $1,400,000.00 grant) 10-3-2024 $60,000 applicant cash has been added.
8. Special Consideration -
8.1 Monticello City - $90,000 grant
Emergency Flood Mitigation
8.2 Hildale City - $3,079,000 grant
Maxwell Canyon Public Utility and Access Improvements (Water, Sewer, Road)
9. Board Member Discussion and/or Action Items
9.1 Policy language update and approval by the Board - Add Priority List Policy Language
Review Meeting Language to add:
- (Projects placed on the 'Prioritization List' represent projects thoroughly discussed at the review meeting and the terms of the funding package have been established for potential authorization at a funding meeting.)
Funding Meeting Language addition in blue:
Authorize funding for applications in the amount and terms as determined by the CIB at the review meeting.
9.2 Suggested:
CIB Board 2nd Trimester Review Meeting - January 9, 2025 Salt Lake City
CIB Board 2nd Trimester Funding Meeting - February 6, 2025 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.