Private Activity Bond Authority Program (PAB) - Revision 4
This is a Notice Revision
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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
- Notice Title
- Private Activity Bond Authority Program (PAB)
- Notice Tags
- Department of Workforce Services
- Notice Type(s)
- Meeting
- Event Start Date & Time
- October 9, 2024 09:00 AM
- Description/Agenda
- 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.
- Notice of Electronic or Telephone Participation
- NA
Meeting Information
- Meeting Location
-
140 E 300 S
Salt Lake City, UT 84111
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Notice Posting Details
- Notice Posted On
- September 26, 2024 09:24 AM
- Notice Last Edited On
- November 07, 2024 01:58 PM
Download Attachments
| File Name | Category | Date Added |
|---|---|---|
| PAB 10.9.24 Board Meeting.m4a | Audio Recording | 2024/10/09 11:42 AM |
| 1. PAB Board Meeting Agenda - October , 2024.pdf | Other | 2024/10/07 02:05 PM |