PRIVATE ACTIVITY BOND PROGRAM
NOTICE OF PUBLIC MEETING
October 9, 2024, at 9:00 a.m.
Olene S. Walker Building
140 East 300 South, Room 101 North
Salt Lake City, Utah 84111
This meeting will be streamed at: https://utah-gov.zoom.us/j/81541792181
John T. Crandall, Chairman of the Board
AGENDA
I. Welcome and Introductions
II. Public Comment
III. Approval of Minutes
A. July 10, 2024 Minutes
IV. Action Items
A. Approve 2025 PAB Calendar
V. Status of Accounts
VI. Volume Cap Extension Requests Extension Requests
A. Single Family Housing
1. Utah Housing Corporation Third
Requested Single Family Allotment for 2024
$179,431,035
B. Multifamily Housing Projects
1. Alta North Station Fourth
283 Units - 100% Affordable
New Construction 1865 W. North Temple
Developer-Alta Bay Capital SLC, UT 84101
Original Allocation-$48,000,000 [October 2023]
Reduced Allocation-$45,700,000 [July 2024]
2. Lotus Lincoln North (Lotus Riverwalk 3) Fourth
149 Units - 100% Affordable
New Construction 145 E. 18th Street
Developer - Lotus Development Ogden, UT 84401
Original Allocation - $26,000,000 [October 2023]
3. Alta Fairpark Third
147 Units - 100% Affordable
New Construction 140 N 1000 W
Developer - Alta Bay Capital SLC, UT 84116
Original Allocation - $21,500,000 [January 2024]
4. 2nd South Apartments Third
105 Units - 100% Affordable
New Construction 934-948 W 200 S
Developer - Hermes Affordable Services, LLC SLC, UT 84101
Original Allocation - $20,000,000 [January 2024]
5. MODA Griffin Third
110 Units - 100% Affordable
New Construction 915 W. North Temple
Developer - JF Development Group SLC, UT 84116
Original Allocation - $21,500,000 [January 2024]
6. Promontory Place Second
175 Units - 100% Affordable
New Construction 1025 W North Temple
Developer - Alta Bay Capital SLC, UT 84111
Original Allocation - $38,500,000 [April 2024]
7. Liberty Corner Second
200 Units - 100% Affordable
New Construction 1285 S 300 W
Developer - Cowboy Partners SLC, UT 84101
Original Allocation - $60,700,000 [April 2024]
Additional Allocation - $5,000,000 [July 2024]
8. Provo Commons First
129 Units - 100% Affordable
New Construction 156 W 500 S
Developer - American Development Corp. LLC Provo, UT 84601
Original Allocation - $25,600,000 [July 2024]
VII. New Volume Cap Requests Amount Requested
A. Multifamily Housing Projects
1. Ventana $11,800,000
120 Units - 100% Affordable
New Construction 970 E Kaneplex Dr.
Developer - Acumen Development Partners Kanab, 84741
2. Lotus Fluence $32,500,000
225 Units - 100% Affordable
New Construction 120 N Washington Blvd.
Developer - Lotus Advantage Ogden, UT 84404
3. Liberty Ranch $11,000,000
40 Units - 100% Affordable
New Construction 6850 Liberty Ranch Lane
Developer - Cowboy Partners Park City, UT 84098
4. Folsom Apartments $24,138,000
108 Units - 100% Affordable
New Construction 947 W South Temple
Developer - Roers SLC, UT 84104
B. Exempt Facilities Projects
1. Holt Dairy Digester Project $10,000,000
Waste Disposal Facility
New Construction 198 S 1200 W
Developer - New Castle Biogas, LLC Newcastle, UT 84756
VIII. Other Business and Adjournment
A. Next Meeting - Wednesday, December 11, 2024
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.