Meeting 
 
Board of Directors of the
REDEVELOPMENT AGENCY OF
SALT LAKE CITY
  AGENDA
 
December 10, 2019 Tuesday 1:00 PM

Council Work Room
451 South State Street Room 326
Salt Lake City, UT  84111
SLCRDA.com
In accordance with State Statute, City Ordinance and Salt Lake City Council Policy, one or more RDA Board Members may be connected via speakerphone. After 5:00 p.m., please enter the City & County Building through the main east entrance.

This is a discussion among RDA Board Directors and select presenters. The public is welcome to listen, unless otherwise specified as a public comment period. Items scheduled may be moved and / or discussed during a different portion of the Meeting based on circumstance or availability of speakers.
Generated: 12/10/2019 10:45:53 AM
 
A.
Comments:

 

1.
General Comments to the Board ~1:00 p.m.
  5 min
The RDA Board of Directors will receive public comments regarding Redevelopment Agency business in the following formats:
  1. Written comments submitted to RDA offices, 451 South State Suite 118, Salt Lake City, UT.
  2. Comments to the RDA Board of Directors. (Comments are taken on any item not scheduled for a public Hearing, as well as on any other RDA Business. Comments are limited to two minutes.)

 
B.
Public Hearing - individuals may speak to the Board once per public hearing topic for two minutes, however written comments are always accepted:
NONE.
 
C.
Redevelopment Agency Business - The RDA Board of Directors will receive information and/or hold discussions and/or take action on:

 
1.
Approval of Minutes  ~1:00 p.m.
  5 min.
The Board will approve the meeting minutes of Tuesday, November 12, 2019.
 

2.
RDA Audit Review and Approval for Fiscal Year 2018-19 ~ 1:05 p.m.
  15 min.
The Board will review and consider accepting the Fiscal Year 2018-19 RDA Audit, which shows the agency's financial conditions as of June 30, 2019.
 

3.
Informational: Fairpark Public Market Feasibility Study  ~ 1:20 p.m.
  30 min.
The Board will be briefed about the Utah State Fairpark Public Market Feasibility Study. The study looked at demographic and economic demand for a public market, site analysis of locating at the Fairpark, cost estimates, development options and comparable markets in other cities among other considerations. 
 

4.
Resolution: Loan for an Affordable Housing Development in a High-Opportunity Area located at 2960 South Richmond Street ~ 1:50 p.m.
  20 min.
The Board will be briefed about, and will consider adopting, a resolution that would approve a $1.8 million loan for Richmond Flats, a 60-unit affordable housing development located at approximately 2960 South Richmond Street. The funding is available through the 2019 Notice of Funding Availability (NOFA) process for housing proposals, to which the Board has appropriated $4.5 million for affordable housing in “high-opportunity areas.” These are usually areas where residents have better access to resources affecting their potential economic mobility such as jobs, schools and public transit.
 

5.
Resolution: Block 67 North Tax Increment Reimbursement Agreement  ~ 2:10 p.m.
  25 min.
The Board will be briefed about, and will consider adopting, a resolution that would approve a Tax Increment Reimbursement Agreement between the RDA and developers Garn Development Company and the Ritchie Group for the proposed large-scale mixed-use development on Block 67 North, at the northwest corner of the block bounded by 100 South, 200 South, 200 West and 300 West.
 

6.
Informational: Funding Our Future Sales Tax Funds for the Housing Trust Fund ~ 2:35 p.m.
  20 min.
The Board will receive an update on the proposed administrative guidelines for the use of nearly $2.6 million in Funding Our Future sales tax revenues in the Housing Trust Fund. Administration of the Housing Trust Fund was shifted on a trial basis from the Housing and Neighborhood Development Division to the RDA as part of the budget process for Fiscal Year 2019-20. 
 

7.
Report and Announcements from the Executive Director TENTATIVE
  5 min.

Report of the Executive Director, including a review of information items, announcements, and scheduling items. The Board of Directors may give feedback or policy input.
 

8.
Report and Announcements from RDA Staff TENTATIVE
  5 min.
The Board may review Board information and announcements. The Board may give feedback on any item related to City business, including but not limited to:
  • RDA Exploration Trip;
  • Candy Cane Corner; and
  • Scheduling Items.

9.
Report of the Chair and Vice Chair TENTATIVE
  5 min.
Report of the Chair and Vice Chair.

 

 


 
D.
Written Briefings – the following briefings are informational in nature and require no action of the Board. Additional information can be provided to the Board upon request:

 
1.
Informational: Update on the Economic Impact of Eccles Theater
 
The Board will receive a written briefing about the economic impact of the George S. and Dolores Doré Eccles Theater project in the City. The Eccles Theater, which is operated by the Salt Lake County Division of Arts and Culture, is beginning its fourth season of touring Broadway shows. 

 
2.
Informational: Redevelopment Agency Semi-annual Property Report – as of December 2019
 
The Board will receive a written briefing of all Tier 1 and Tier 2 properties owned by the RDA, as per the Land Disposition Policy. The report includes the description, address, parcel ID, size, zoning and tier category of each property. In addition, the report details approximate acquisition date, current category of disposition, interim use and proposed permanent use for each property.

 
E.
Consent – the following items are listed for consideration by the Board and can be discussed individually upon request.  A motion to approve the consent agenda is approving all of the following items:
NONE.
 
 

 
F.
Tentative Closed Session
The Board will consider a motion to enter into Closed Session. A closed meeting described under Section 52-4-205 may be held for specific purposes including, but not limited to:
  1. discussion of the character, professional competence, or physical or mental health of an individual;
  2. strategy sessions to discuss pending or reasonably imminent litigation;
  3. strategy sessions to discuss the purchase, exchange, or lease of real property:
    (i) disclose the appraisal or estimated value of the property under consideration; or
    (ii) prevent the public body from completing the transaction on the best possible terms;
  4. strategy sessions to discuss the sale of real property, including any form of a water right or water shares, if:
    (i) public discussion of the transaction would:
      (A) disclose the appraisal or estimated value of the property under consideration; or
      (B) prevent the public body from completing the transaction on the best possible terms;
    (ii) the public body previously gave public notice that the property would be offered for sale; and<
    (iii) the terms of the sale are publicly disclosed before the public body approves the sale
  5. discussion regarding deployment of security personnel, devices, or systems; and
  6. investigative proceedings regarding allegations of criminal misconduct.
A closed meeting may also be held for attorney-client matters that are privileged pursuant to Utah Code § 78B-1-137, and for other lawful purposes that satisfy the pertinent requirements of the Utah Open and Public Meetings Act.
 
G.
Adjournment  


CERTIFICATE OF POSTING
On or before 5:00 p.m. on _____________________, the undersigned, duly appointed City
Recorder, does hereby certify that the above notice and agenda was (1) posted on the Utah Public Notice Website created under Utah Code Section 63F-1-701, and (2) a copy of the foregoing provided to The Salt Lake Tribune and/or the Deseret News and to a local media correspondent and any others who have indicated interest.
 
CINDI L. MANSELL, MMC/CRM
SALT LAKE CITY RECORDER
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Final action may be taken in relation to any topic listed on the agenda, including but not limited to adoption, rejection, amendment, addition of conditions and variations of options discussed.
The City & County Building is an accessible facility.  People with disabilities may make requests for reasonable accommodation, which may include alternate formats, interpreters, and other auxiliary aids and services. Please make requests at least two business days in advance.  To make a request, please contact the City Council Office at [email protected], 801-535-7600, or relay service 711.