Redevelopment Agency (RDA) Meeting

Board of Directors of the REDEVELOPMENT AGENCY OF SALT LAKE CITY AGENDA August 9, 2022 Tuesday 2:00 PM Council Work Room 451 South State Street Room 326 Salt Lake City, UT 84111 SLCRDA.com In accordance with State Statute and City Ordinance, the meeting may be held electronically. 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. Item start times and durations are approximate and are subject to change at the Chair’s discretion. Generated: 16:38:09 The RDA Board has returned to a hybrid meeting approach. The hybrid meeting enables people joining remotely or in-person to listen to the Board meeting and participate during public comment items. Public Comments: The public can give comments to the Board during the meetings online through Webex or in-person in Room 326 of the City and County Building. In- person attendees can fill out a comment card and online participants will register through Webex in order to be added to the comment queue. Agenda & Registration Information: For more information, including Webex connection information, please visit www.slc.gov/council/virtual-meetings. (A phone line will also be available for people whose only option is to call in.) Public Health Information: Masks are no longer required in City Facilities, but are welcome for any attendees who prefer to continue using them. We will continue to monitor the situation take any reasonable precautions for the public and staff. A. Comments: 1. General Comments to the Board TENTATIVE 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 Street, Suite 118, P.O. Box 145455, Salt Lake City, UT. 84114-5455. 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 ~2:05 p.m. 5 min. The Board will approve the meeting minutes of June 14, 2022. 2. Resolution: Housing Development Loan Program - Emergency Gap ~ 2:10 Funding Allocations p.m. 20 min. The Board will receive a briefing about, and consider adopting a resolution that would approve funding allocations for Emergency Gap Financing totaling $3 million through the Housing Development Loan Program (HDLP). The RDA Finance Committee recommended that HDLP funding be allocated to three of the projects and that the fourth project be funded with other funds. The Board may discuss options for funding the fourth project. 3. Resolution: RDA Budget Amendment No. 1 for Fiscal Year 2022-23 ~ 2:30 p.m. 20 min. The Board will receive a briefing about a resolution that would amend the final budget of the Redevelopment Agency of Salt Lake City for Fiscal Year 2022-23. Budget amendments happen several times each year to reflect adjustments in the Redevelopment Agency’s budget, including proposed project additions and modifications, and staffing changes. The amendment includes additional funding to complete the Marmalade Plaza Project and property acquisition in the Depot District among other items. 4. Board Appointment: Redevelopment Advisory Committee - Baxter ~ 2:50 Reecer p.m. 5 min The Council will interview Baxter Reecer to the Redevelopment Advisory Committee for a term ending January 19, 2026. 5. Board Appointment: Redevelopment Advisory Committee - Amy TENTATIVE Rowland 5 min The Council will interview Amy Rowland prior to considering appointment to the Redevelopment Advisory Committee for a term ending January 19, 2026. 6. 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. 7. 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; • Loan Closure • Project Ribbon Cutting • Community Event • Personnel; and • Scheduling Items 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: Status Report on RDA Commercial Loan Portfolio - - The Board will receive a written briefing about the status of the RDA’s commercial loan portfolio. This report identifies the following: • New loans approved between July 1, 2021 and June 30, 2022 • Remaining amount available to lend in the existing portfolio • Outstanding principal for each loan fund • Any delinquencies 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: 1. Set Date – Resolution: RDA Budget Amendment No. 1 for Fiscal Year 2022-23 - - The Board will set the date of Tuesday, September 13, 2022 at 2 p.m. to accept public comment and consider adopting a resolution that would amend the final budget of the Redevelopment Agency of Salt Lake City for Fiscal Year 2022-23. Budget amendments happen several times each year to reflect adjustments in the Redevelopment Agency’s budget, including proposed project additions and modifications, and staffing changes. The amendment includes additional funding to complete the Marmalade Plaza Project and property acquisition in the Depot District among other items. 2. Board Appointment: Redevelopment Advisory Committee - Baxter Reecer - - The Council will consider approving the appointment of Baxter Reecer to the Redevelopment Advisory Committee for a term ending January 19, 2026. 3. Board Appointment: Redevelopment Advisory Committee - Amy Rowland - - The Council will consider approving the appointment of Amy Rowland to the Redevelopment Advisory Committee for a term ending January 19, 2026. 4. Board Re-appointment: Redevelopment Advisory Committee - Brian Doughty - - The Council will consider approving the re-appointment of Brian Doughty to the Redevelopment Advisory Committee for a term ending January 19, 2026. 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: discussion of the character, professional competence, or physical or mental health of an 1. 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 prevent the public body from completing the transaction on the best possible (ii) terms; strategy sessions to discuss the sale of real property, including any form of a water right 4. or water shares, if: (i) public discussion of the transaction would: disclose the appraisal or estimated value of the property under consideration; (A) or prevent the public body from completing the transaction on the best possible (B) terms; the public body previously gave public notice that the property would be offered for (ii) 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 August 4, 2022, 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. CINDY LOU TRISHMAN 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 council.comments@slcgov.com, 801-535-7600, or relay service 711.