Redevelopment Agency (RDA) Meeting

Board of Directors of the REDEVELOPMENT AGENCY OF SALT LAKE CITY AGENDA April 11, 2023 Tuesday 2:00 PM Council meetings are held in a hybrid meeting format. Hybrid meetings allow people to join online or in person at the City & County Building. Learn more at www.slc.gov/council/agendas. 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: 16:53:52 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 February 14, 2023. 2. Informational: Housing and Transit Reinvestment Zones Creation ~ 2:10 p.m. Follow-up 20 min. The Board will receive a follow-up briefing about Housing and Transit Reinvestment Zone (HTRZ) overview. This would review potential HTRZ policies, state law changes from the 2023 legislative session, explore potential areas in Salt Lake City where HTRZs could be implemented, and next steps. 3. Resolution: Bicycle Collective Loan ~ 2:30 p.m. 20 min. The Board will receive a briefing about, and consider adopting, a resolution that would authorize modifications to the approved loan terms and extending a limited waiver of the Loan Policy for a loan to the Bicycle Collective. The additional amendments and extensions are to facilitate the project receiving New Market Tax Credits. This would fund construction of the nonprofit’s headquarters located at approximately 901 South Gale Street and along the 9-Line Trail. The project will contain about 15,000 square feet for a multi-use building with retail, programming, and operations space.  4. Resolution: Affordable Housing Funding Priorities for Fiscal ~ 2:50 p.m. Year 2023-24 20 min. The Board will receive a briefing about, and consider a resolution that would adopt the Affordable Housing Funding Priorities for Fiscal Year 2023-24. These Funding Priorities guide the upcoming fiscal year’s housing activities including the requirements of the competitive affordable housing Notice of Funding Availability (NOFA). 5. Resolution: RDA Budget Amendment No.3 for Fiscal Year 2022- ~ 3:10 p.m. 23 30 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 adjustments to budgets based on actual property tax increment received to satisfy obligations under state law, interlocal agreements with other taxing entities, and reimbursement agreements with private property owners, and several holding accounts for capital improvements and strategic intervention funds for future opportunities in project areas among other items. 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 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: RDA Arts Funds Update Written Briefing - The Board will receive a written briefing about the RDA’s plan to use $408,000 of previously allocated public art funds. The projects will be in line with the Agency Art Policy, which was updated with Board approval in 2021, including further clarification on the Agency’s art programming and collaboration process with the Salt Lake City Arts  Council. 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: Budget for the Redevelopment Agency of Salt Lake - City for Fiscal Year 2023-24 - The Board will set the dates of Tuesday, May 16, 2023 and Tuesday, June 6, 2023 at 7 p.m. to accept public comment and consider approving a resolution adopting the final budget for the Redevelopment Agency of Salt Lake City for Fiscal Year 2023-24. 2. Set Date – Resolution: RDA Budget Amendment No.3 for Fiscal Year - 2022-23 - The Board will set the date of Tuesday, May 9, 2023 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 adjustments to budgets based on actual property tax increment received to satisfy obligations under state law, interlocal agreements with other taxing entities, and reimbursement agreements with private property owners, and several holding accounts for capital improvements and strategic intervention funds for future opportunities in project areas among other items. 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 1. 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 prevent the public body from completing the transaction on the best possible (ii) 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: disclose the appraisal or estimated value of the property under (A) consideration; 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 (ii) for sale; and< the terms of the sale are publicly disclosed before the public body approves the (iii) 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 Thursday, April 6, 2023, 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.