Private Activity Bond Authority Program (PAB) - Revision 2
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 11, 2023 09:00 AM
- Description/Agenda
- PRIVATE ACTIVITY BOND PROGRAM NOTICE OF PUBLIC MEETING October 11, 2023 at 9:00 a.m. Olene S. Walker Building 140 East 300 South, Room 211 Salt Lake City, Utah 84111 This meeting will be streamed at https://utah-gov.zoom.us/j/87913736538. John T. Crandall, Chairman of the Board AGENDA I. Welcome and Introductions II. Approval of Minutes A. July 12, 2023 Meeting Minutes B. August 21, 2023 Meeting Minutes III. PAB Annual Policy Update McKenna Marchant, PAB Program Manager IV. Status of Accounts V. Volume Cap Extension Requests Extension Requests A. Single Family Housing 1. Utah Housing Corporation Third $170,392,320 B. Multifamily Housing Projects 1. Magnolia at Homestead Fifth 140 Units - 100% Affordable New Construction 650 W 400 N Developer - Wasatch Affordable Ventures Logan, UT 84321 Original Allocation - $17,700,000 [July 13, 2022] 2. Silvercrest Fifth 53 Units - 99% Affordable New Construction 2615 Grant Avenue Developer - Salvation Army Ogden, UT 84401 Original Allocation - $8,550,000 [July 13, 2022] Additional Allocation - $1,530,000 [July 12, 2023] 3. Howick Fifth 150 Units - 100% Affordable New Construction 4101 S Howick St Developer - Blueline & CDC Utah Millcreek, UT 84107 Original Allocation - $30,000,000 [July 13, 2022] 4. Price Apartments Third 168 Units - 100% Affordable Main Street and New Construction Airport Road Developer - CJM Development Price, UT 84501 Original Allocation - $20,500,000 [January 11, 2023] Additional Allocation - $2,000,000 [July 12, 2023] 5. Liberty Corner Third 172 Units - 100% Affordable New Construction 1285 S 300 W Developer - Cowboy Partners SLC, UT 84101 Original Allocation - $42,100,000 [January 11, 2023] 6. Silos on 500 Third 175 Units - 100% Affordable New Construction 515 S 500 W Developer - Lowe Holdings SLC, UT 84101 Original Allocation - $20,000,000 [January 11, 2023] Additional Allocation - $1,335,000 [July 12, 2023] 7. Lotus Citywalk (Torman Plaza) Third 99 Units - 100% Affordable New Construction 265 22nd St. Developer - Lotus Development Ogden, UT 84410 Original Allocation - $16,000,000 [January 11, 2023] 8. SPARK! Second 200 Units - 100% Affordable New Construction 1500 W North Temple Developer - Brinshore SLC, UT 84116 Original Allocation - $5,000,000 [April 12, 2023] C. Multifamily Housing Projects 1. Spor Mountain (Ares) Second Fluorspar Mining Project New Construction Millard County Developer - Ares Strategic Mining Original Allocation - $10,000,000 [April 12, 2023] VI. New Volume Cap Requests Amount Requested A. Multifamily Housing Projects 1. 9Ten West $21,300,000 180 Units - 100% Affordable New Construction 910 W North Temple Developer - Great Lakes Capital SLC, UT 84116 2. Alta North Station $48,000,000 306 Units - 100% Affordable New Construction 1865 W North Temple St Developer - Alta Bay Capital SLC, UT 84116 3. Lotus Lincoln $26,000,000 149 Units - 100% Affordable New Construction 145 E 18th Street Developer - Lotus Ogden, UT 84401 VII. Other Business and Adjournment A. New Combined OW/PAB Executive Summary B. Approve 2024 Meeting Calendar C. Developer Meeting - Monday, October 16, 2023 at 2:00 - VIRTUAL D. Next Meeting- Wednesday, December 13, 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.
- 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 28, 2023 01:22 PM
- Notice Last Edited On
- December 05, 2023 06:02 PM
Download Attachments
| File Name | Category | Date Added |
|---|---|---|
| Audio Recording.m4a | Audio Recording | 2023/10/17 01:54 PM |
| DRAFT Minutes 10.11.23.pdf | Meeting Minutes | 2023/10/17 01:48 PM |
| 1. PAB Board Meeting Agenda - October 11, 2023.pdf | Other | 2023/09/28 01:21 PM |