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From YouTube: Redevelopment Agency (RDA) Meeting - 12/11/2018
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A
B
A
B
Afternoon
I
wanted
to
come
and
just
address
the
board
and
thank
you
for
the
collaboration
between
the
Redevelopment,
Agency
and
Preservation
Utah
I
should
say:
I'm
executive
director
of
the
nonprofit
preservation,
Utah
and
we've
had
a
tremendous
partnership
for
the
last
five
years
and
I'm
happy
to
report
that
our
latest
project,
the
preservation
at
work
project
housed
an
architect
court
behind
the
marble.
A
library
is
past
the
point
of
being
on
the
market.
B
We
actually
have
a
closing
date
for
next
week,
so
we
consider
the
project
now
a
success
and
concluded,
but
I
wanted
to
come
and
thank
the
board
members
for
their
vision
and
support
of
this
project.
I
wanted
to
thank
the
staff.
They've
been
tremendous
I
think
we
have
such
a
great
relationship
with
Danny
and
Suzan
and
Amanda
everybody
really
chipped
in
from
the
staff
as
well.
We
had
a
great
opening
event
in
October
that
the
mayor
attended
as
well.
B
I
wanted
to
thank
the
mayor
and
the
mayor's
staff
for
their
support
for
this
project
as
well
and
I'm
pleased
to
report
that
you
know
that
the
person
buying
the
house
is
a
first-time
homeowner
and
as
a
brewmaster,
which
I
think
shows
some
of
the
diversity
and
some
of
the
types
of
people
we
want
to
attract
through
different
housing,
types
and
and
property
values.
So
I
do
appreciate
your
support
and
hope.
We
continue
that
in
the
future.
Thank.
A
You
so
much
is
there
anybody
else
that
would
like
to
have.
It
has
any
general
comments
for
the
board
this
afternoon.
In
that
case,
we
will
move
on
to
public
hearings
which
we
don't
have
any,
and
so
the
first
item
of
business
is
approval
of
our
minutes.
Yes
got
it
we'll
wait,
we
had
to
wait
on
those
two,
so
we're
happy
to.
C
My
name
is
raymond
uno
and,
as
all
of
you
aware,
I
cannot
hear-
and
it's
very
difficult
for
me-
to
really
convey
how
were
things
that
I
want
to
say
and
what
you
say.
I
can't
hear
so
I'm
sorry.
But
we
appreciate
the
support
that
you
have
given
us,
and
you
know
this
has
been
a
long
long
struggle
for
the
gentleness
community,
as
all
of
you
know
and
I
think
I'm,
probably
one
of
the
few
living
survivors
that
has
gone
through
that
whole
change.
C
As
far
as
Japantown
is
concerned,
and
it's
always
been
a
struggle,
as
you
know,
and
everything
that
has
been
done
has
always
been
a
negative
and
we've
lived
with
that
and
we
try
to
make
the
most
of
you
know
what
has
happened
and
the
thing
I
think
I
like
to
really
stress
is
we're
not
obstructionist.
We
really
want
to
see
solid
city
grow,
but
we
want
to
grow
with
solid
city
and
every
time
we
try
to
do
somethings
it
works
negatively
toward
the
Japanese
community.
C
But
it's
been
a
long
history
and
the
project
has
had
you
know
its
negative
impacts,
but
in
spite
of
all
those
negative
impacts,
you
know
we've
made
some
progress
and
I
think
that
one
thing
that
I
really
appreciate
is.
Finally,
the
city
has
recognized
that
there
is
the
problem
and
you
know
you
have
been
trying
to
help
us
and
we
really
appreciate
that-
and
you
know,
for
those
that
are
now
no
longer
here
that
used
to
work
with
me
on
this
project.
C
So
anything
that
you
could
do
that
would
be
positive,
for
us
would
be
helpful,
but
the
thing
that
I
want
to
really
express
is
that
we
really
want
to
grow
with
Salt
Lake
City,
but
we
want
to
have
a
Japan
town
that
grows
with
it
and
we
have
a
little
sliver
there.
As
you
are,
you
know,
are
aware,
you
know
whatever
we
could
do
to
make
that
more
positive.
You
know
for
the
Japanese
community
and
whatever
we
can
do
as
the
community.
C
A
D
A
D
So
we
have
completed
the
RDA
financial
audit
with
one
small,
tiny
finding.
This
audit
was
completed
a
lot
sooner
than
last
year.
We
have
worked
very
diligently
with
I'd
Bailey
to
move
up
our
timelines,
not
only
for
this
audit
but
all
audits,
Airport,
Public,
Utilities,
our
DA
library
and
also
the
city
financials.
E
My
name
is
Mike
Nicholson,
that's,
okay,
sorry,
Paul's,
the
engagement
partner
over
the
kafir'
and
the
airport
and
some
of
the
other
pieces.
I
did
the
RTA
and
I'll
be
back
with
the
single
audit
results
in
the
state
compliance
results
later
but,
as
I
said,
I'm
the
engagement
partner
for
the
Redevelopment
Agency
audit
I'm,
not
sure
what
the
finding
is
you're
referring
to
because
this
year
we
don't
have
any
findings.
E
We
have
in
the
past,
though
so
excited
to
be
here
to
say
that,
but
first
of
all,
when
we
we've
been
here
before
and
so,
and
we've
described
what
we
do
in
an
audit,
so
I'm
not
going
to
go
through
all
of
that,
except
to
remind
you
that
there
are
some
inherent
limitations
and
what
we
do.
We
are
required
under
auditing
standards
to
establish
a
materiality
threshold
for
our
audit
procedures,
and
so
we
required
then
to
plan
our
audit
to
detect
any
misstatement,
whether
it's
fraud
or
error
above
that
threshold.
E
So
then
we
design
our
audit
procedures
and
perform
those
into
our
work
and
gather
our
audit
evidence
to
determine
our
auditors
opinion,
and
this
year
we
are
issuing
again
an
unmodified
opinion,
which
is
a
hate
to
say
the
clean.
But
that's
what
people
are
used
to
hearing
it's
a
clean
opinion.
It's
the
opinion
that
states
that
the
financial
statements
are
fairly
presented
in
all
material
respects
in
relation
to
generally
accepted
accounting
principles.
E
So
the
report
was
unmodified.
That's
all!
On
page
one
page,
two
as
a
couple
of
additional
items,
other
matters
that
aren't
modifications
of
the
auditor's
report
so
they're
not
in
any
way
decreasing
the
clean
opinion
or
anything.
But
there
is
some
additional
information
that
the
governmental,
Accounting,
Standards
Board,
requires
with
governmental
financial
statements
and
that's
called
required
supplementary
information,
and
that
deals
with
the
management's
discussion
and
analysis
that
precede
the
financial
statements,
and
it
deals
with
a
couple
of
schedules
that
are
behind
the
footnotes
that
are
specific
to
the
pensions
and
some
pension
disclosures.
E
For
that
information
we
do
some
limited
procedures,
but
we
do
not
provide
any
assurance
on
the
required
supplementary
information.
So
the
paragraph
at
the
top
of
page
two
just
lets
financial
statement.
Readers
know
that
we
are
not
a
pining
on
that
RSI,
then,
at
the
very
back.
There
are
some
schedules
by
project
area
that
is
not
required
by
anybody.
The
formerly
required
I
should
say:
there's
no
statute,
there's
no
other
type
of
requirement.
That's
a
management
desire
to
include
that,
and
maybe
the
board's
desire
to
see
that
too.
E
So
that's
not
required
supplementary
information,
but
that's
other
information.
We
do
some
limited
procedures
on
that.
We
tie
it
out
to
the
financial
statement
information
that
we've
audited
the
financial
statements
themselves,
any
other
audit
documentation
that
we
gathered
to
make
sure
that
those
schedules
are.
E
We
say
that
they're
fairly
stated
in
relation
to
the
financial
statements
taken
as
a
whole,
so
we
offer
an
in
relation
opinion
on
those
statements,
and
so
the
last
paragraph
of
our
auditors
report
just
describes
that
so
the
financial
statements
themselves
should
be
fairly
consistent
with
what
you've
seen
through
the
course
of
the
year
I
think.
Maybe
the
format
that
you
get
is
not
necessarily
the
same
format,
because
you
don't
have
to
look
at
it
on
a
GAAP
format.
E
E
F
E
E
But
your
question
applies
to
both
of
those
statements,
so
it
doesn't
really
matter
which
one
we
look
at
so
a
number
of
years
ago
you
wanna,
say
just
before
you
were
required
to
record
that
pension
liability
under
generally
accepted
accounting
principles.
There
was
another
standard
that
came
out
that
created
these
items
called
deferred
info,
Nath
Bose,
so
their
items
that
don't
technically
meet
the
definition
of
an
asset
or
a
liability.
There
isn't
necessarily
a
future
benefit,
relate
to
that.
E
The
deferral
is
related
to
the
recognition
on
the
statement
of
revenues,
expenses
and
changes
in
that
position.
So
the
items
they
have
here
I
believe
are
just
related
to
the
pensions,
and
that
makes
sense
with
pension
yeah,
yeah
pensions
on
both
of
them.
So
those
are
items
that
will
be
recognized
as
potentially
expenses
in
a
subsequent
period
through
one
of
the
best
examples
is
your
on
a
junior
end
and
Utah
retirement
systems
is
on
a
December
year-end.
E
So
you've
made
contributions
from
January
1st
through
June
30th,
that
Utah
retirement
system
hasn't
accounted
for
in
the
liability
as
of
December
31st,
which
is
what
they
provided,
that
you've
recorded,
so
that
will
become
an
expense
after
Utah
retirement
accounts
for
it
in
their
following
year,
because
you
had
that
six-month
lag
between
the
two
years,
and
so
it's
that's
one
of
the
things
that's
recorded
as
a
deferred
outflow
until
it's
recognized
in
the
subsequent
period.
I
hope
that
makes
sense.
It
does
I
wonderful.
E
Behind
the
financial
statement,
some
cells
are
a
number
of
notes.
Those
are
disclosure
items.
It
just
offers
some
descriptions
of
things
that
you
can't
necessarily
do
in
the
tabular
qualitative
format
of
the
financial
statements
describes.
There
should
be
some
description
of
those
deferred,
inflows
and
outflows
there.
E
Other
accounting
policies
are
described
there
as
well,
and
then
additional
information
such
as
capital
assets
and
long-term
debt.
That
might
be
more
summarized
in
the
financial
statements.
There's
more
detailed
information
and
there's
a
really
long
footnote
on
the
pensions,
if
you're
interested
in
that.
E
So
that
is
a
report
on
the
audit
is
that
it's
an
unmodified
report.
We
have
issued
another
letter,
it's
required
to
be
issued
when
there's
a
governing
body
such
as
this
one,
it's
fairly
boilerplate.
It
talks
about
our
responsibilities,
the
plans,
scope
and
timing
of
the
audit
that
we
did
in
accordance
with
kind
of
what
we've
communicated
previously
through
the
engagement
letter.
There's
one
item
I
want
to
address
there,
the
accountings
or
the
financial
statements,
rather
they're
made
up
of
a
number
of
estimates.
E
Not
everything
is
something
that
you
can
account
for
exactly
we're
required
to
disclose
to
you.
What
we
think
the
most
significant
estimates
and
the
financial
statements
are-
and
we
did
in
our
opinion-
that
is
the
pension
liability
we've
talked
about
that
before,
but
it's
an
actually
determined
liability,
that's
determined
by
an
entity
outside
of
the
city,
it's
done
by
Utah
retirement
systems.
E
A
Members,
if
there
is
no
discussion
on
this,
thank
you
so
much
for
the
audit
I
know
you
guys
were
working
really
hard
to
get
it
done
earlier.
We
talked
about
that
in
staff
meeting
yesterday,
but
in
that
case,
if
there
is
no
further
discussion,
I'd
be
looking
for
a
motion
to
accept
the
audit
and
direct
the
staff
to
distribute
it
as
necessary.
Second
I
have
a
motion
by
board
member
Luke
and
a
second
by
board
member
Mendenhall,
those
in
favor
aye
any
opposed
we
go.
Thank
you
very
much.
A
G
This
year,
in
RDA
budget
amendment
number
one,
the
board
approved
seven
million
dollars
for
a
potential
property
acquisition.
In
the
intervening
months,
the
discussions
and
negotiations
were
not
successful
to
pursue
the
opportunity.
In
response,
the
board
initiated
the
current
budget
amendment
before
you
budget
amendment
number
two
to
pull
back
the
funds
instead
of
leaving
them
sitting
in
an
appropriated
account
when
the
opportunity
no
longer
appears
likely.
G
The
board
held
a
public
hearing
on
November
27th
the
meeting
last
month,
and
there
are
several
options
for
the
seven
million
dollars
in
the
staff.
Note
and
I'll
review
those
quickly.
The
seven
million
dollars
was
pulled
from
11,
separate
project
areas
and
agency
funds,
and
you
could
choose.
You
could
choose
to
return
them
back
to
those
contributing
accounts
on
a
proportional
basis.
A
second
option
is,
you
could
put
the
7
million
dollars
in
an
unappropriated
holding
account
pending
future
discussions
and
recommendations
from
the
administration
on
how
to
use
the
funds.
G
You
could
also
choose
to
appropriate
the
7
million
dollars
to
the
revolving
loan
fund
and,
as
was
discussed
previously,
some
board
members
have
mentioned
the
idea
of
seed
funding
for
the
new
project,
areas
of
State
Street
and
the
nine
line
as
being
a
potential
use
for
some
or
all
of
the
funding.
And
this
is
not
an
exhaustive
list.
I'm
sure
there
are
other
options,
but
those
are
the
ones
that
came
to
staffs
attention.
H
H
H
F
Like
the
option,
I
think
councilmember,
Rogers
and
I
believe
Johnston.
We've
talked
about
the
advantages
in
the
past
of
having
seed
capital
money
up
front
when
we
start
a
project
area
versus
more
of
a
traditional
round
of
wheat
for
that
tax
increment
to
accrue
and
hoping
that
a
catalytic
project
happens.
F
H
H
Think
it's
important
to
note
that,
while
the
RDA
board
and
the
City
Council
has
approved
the
plan
we
have
yet
to
enter
into
any
of
the
interlocal
agreements
with
other
taxing
entities
and
I
think
that's
important
to
note,
because
there
is
still
the
potential
for
changes
or
at
least
understanding
of
what
that
project
area
is
going
to
be,
as
we
finalize
those
agreements
and
so
understand
that
this
is
still
a
work
in
progress
that
we're
not
fully.
We
haven't
fully
approved
these
project
areas
yet
in
terms
of
collecting
increment
and
having
that
authority.
H
So,
having
said
that,
I
think
it
is
very,
very
beneficial.
Have
funds
available
to
start
spending
within
those
project
areas
once
everything
is
finalized
and
and
to
your
point
potentially
identifying
projects
that
we
would
like
to
start
either
getting
underway
immediately
or
at
least
start
having
funds
available?
H
So
my
opinion
would
obviously
be
with
the
seven
million
to
have
it
available
within
that
revolving
loan
fund,
because
one
we
have
projects
right
now
that
are
in
demand
for
those
funds
and
two
that
allows
us
also
to
have
that
opportunity
for
seed
funds
and
start
going
in
and
doing
projects
and
and
there's
nothing
ever
stopping
the
board
from
if
we
do
find
a
project
that
requires
a
reallocation
out
of
that
revolving
loan
fund.
We
can
certainly
do
that
at
that
time.
I
appreciate.
F
There's
some
work
happening
on
a
specific
potential
project,
but
that
revolving
loan
fund
pot
of
money
could
be
some
of
that
source
of
funding.
Also.
I
also
think
that
by
if
we
didn't
put
it
into
the
revolving
loan
fund,
but
we
did
a
more
specific
dedication
of
some
piece
of
it
to
the
to
new
project
areas,
although
they
aren't
completed
that
that
shows
a
nice
degree
of
investment
by
this
RDA
to
our
fellow
taxing
entities.
That
might
may
be
encouraging
for
them
to
get
this
work
completed.
A
I
Just
from
a
perspective
of
ensuring
that
we
get
the
sort
of
public
transparency
aspect
box
checked
that
we
include
any
proposals
and
have
a
public
hearing
about
it
and
consider
it
that
way.
So
the
board
could
absolutely
take
action
today
legally,
but
just
because
there's
not
an
urgent
funding
request
just
taking
that
opportunity
to
try
and
have
that
regular
process.
I
would.
G
Just
add
that
at
the
October
9th
RDA
meeting
rd8
chair
kitchen
had
requested
RDA
staff
look
into
a
short
list
of
potential
projects
that
would
be
good
Kickstarter's
to
catalyze
tax,
increment
generation
in
the
to
new
project
areas
and
I'm,
not
sure
what
the
timing
is
on
that
request.
But
it
was
previously
made
by
the
board
and.
A
That's
good
to
remember
again,
I
think
if
we
come
with
proposals
and
ideas
of
like
this,
we
can
certainly
reopen
this
up
and
talk
about
it.
But
I
agree
with
Jen
about
the
public
transparency
on
these
projects
and
making
sure
that,
since
there
isn't
an
urgent
need
that
we
can
move
forward
in
sort
of
the
way
we
typically
move
forward
and
making
sure
the
public's
involved
in
in
this.
H
I
J
Thank
you,
madam
chair,
to
board
member
Mendenhall's
point.
I.
Do
think
that
you
know
this
is
a
substantial
amount
of
money
that
we
don't
often
have
available
for
catalytic
projects,
so
I'd
be
I'm,
somewhat
hesitant
just
to
put
it
back
into
the
revolving
loan
fund,
where
you
know
it
would
I'm
not
saying
that
it
wouldn't
be.
J
You
know,
used
properly,
but
I
think
that
there
are
more
things
that
we
could
do
to
spur
redevelopment
and
some
of
our
project
areas,
and
so
you
know
I'm
more
on
the
site
at
this
point
of
moving
that
to
the
unappropriated
holding
account
so
that
we
can
then
vet
any
of
these.
You
know
any
applications
or
different
catalytic
project
ideas
that
come
forward
and
not
have
it
kind
of
accidentally
dispersed
through
it's
just
some
of
the
smaller.
You
know
that
kid
projects,
through
the
revolving
loan
fund.
D
I'm
still
here,
you're
talking
about
transparency,
regardless
of
where
we
put
the
money,
though
your
transparency
is
in
the
process
about
it,
specific
project
funding
not
and
where
I
put
the
money
right
now,
okay,
I'm
just
to
be
clear,
because
I
think
we
weren't
clear
about
right
now
we're
looking
at.
Where
do
we
allocate
this
money,
fun,
aunt
and
our
accounting?
Essentially,
if
we
put
it
into
an
unspecified
account,
it
doesn't
limit
us,
but
it
doesn't
necessarily
make
it
easy
for
you
to
figure
out
how
do
you?
H
All
this
action
does
for
us
today
is
it's
it's
really
more
of
taking
it
out
of
the
allocated
account
that
it
sits
in
right
now,
which
was
for
the
purpose
of
property
acquisition,
and
so
by
putting
it
in
an
unallocated
account.
It
simply
just
defers
the
decision
of
how
we
allocate
that
money
in
the
future
and
and
what
the
board
is
basically
stating
is
at
this
point.
H
We
want
that
to
be
a
conversation
that
puts
proposals
on
the
table
and
has
a
discussion
of
where
our
priorities
and
how
we
want
to
spend
it
so
really
doesn't
do
anything
to
affect
us
today
directly
as
long
as
we
we
can
come
back
and
have
that
conversation
well,
I
would
say
we
have
loans
that
are
in
that
are
requesting
funds
right
now
that
we
may
or
may
not
necessarily
have
I.
Don't
think
we
have
any
deadlines
at
this
point
that
this
would
prevent
us
from
from
meeting
okay.
H
D
F
I
A
A
A
The
reason
I'm
taking
this
moment
is
to
ensure
that
this
isn't
just
simply
lip
service,
but
that
we
as
a
board
have
shown
I
think
in
our
contend
as
a
council,
our
continued
to
be
committed
to
honoring
and
preserving
Japan
town
and
the
Japanese
culture
and
heritage
that
is
so
important
to
our
city.
As
everyone
knows,
we
have
already
put
100,000
dollars
behind
the
visioning
process.
This
process
will
help
to
articulate
a
shared
vision
for
Japan
town
and
lay
some
really
concrete
steps
towards
implementation
of
streetscaping
and
placemaking
for
Japan
town.
A
Furthermore,
you
know
we
have
a
council
legislative
intent
to
ensure
that
Japan
town
appears
in
our
city's
master
plan,
and
this
will
allow
future
developers
and
future
governments
to
understand
our
interest
and
commitment
and
making
sure
that
this
community
is
protected
and
honored
further.
As
everyone
is
aware,
this
this
came
out
of
a
project
block
67
and.
A
We
as
a
board
will
be
looking
at
and
considering
a
potential
community
reinvestment
project
area
in
block,
67
and
I.
Think
as
we
move
forward
with
this
resolution,
with
the
commitment
that
we've
all
put
forward
to
ensuring
the
the
protection
of
Japan
town,
this
will
be
one
of
those
ways
that
we
can
help
that
entire
project
move
forward,
hopefully
in
a
really
positive
way,
both
for
the
city
of
course,
and
for
Japan
town
and
I
want
to
reiterate
what
Judge
uno
said
when
he
was
up
here.
A
Of
course.
Meanwhile,
we
encourage
the
RDA
I
know
that
we're
going
to
be
looking
for
a
motion
I
think
later
in
this
agenda.
Right,
isn't
this
one
for
the
place
making
the
hundred
thousand
dollars
for
the
place,
making
to
hire
a
consultant
and
move
forward
and
really
cut
in
in
those
concrete
steps
of
what
we
need
to
do
to
for
place
making
and
streetscaping
over
on
Japan
town,
so
I'd
encourage,
obviously
that
to
move
forward
and
I.
F
D
So
as
board
member
Mendenhall-
and
you
already
mentioned
there-
is
there-
is
a
motion
to
pass
this
resolution
now
the
motion
having
to
do
with
the
hundred
thousand
dollars
for
placemaking
what's
actually
already
passed,
so
so
that
one's
done.
This
is
another
step
and
there
will
be
several
other
steps
as
we
go
along
tonight.
D
F
As
the
RDA
considers
significant
reinvestment
to
spur
additional
large-scale
commercial
and
economic
development
in
the
adjacent
area
and
whereas
on
November
27th
2018,
the
RDA
approved
$100,000
to
fund
a
study
of
the
public
right-of-way
along
one
hundred
South
between
2nd
and
3rd
west,
which
will
evaluate
design
and
estimate
costs
for
potential
streetscape
improvements,
including,
but
not
limited
to
pedestrian
and
safety.
Enhancements
improvement
to
facilitate
street
festivals.
Increased
neighborhood
connectivity
and
options
that
reflect
the
cultural
heritage
and
assets
of
Japan
Town.
F
Now,
therefore,
be
it
resolved
by
the
Board
of
Directors
and
executive
director
of
the
Redevelopment
Agency
of
Salt
Lake
City.
That
our
DA
hereby
supports
the
establishment
of
a
working
group
composed
of
block
67
stakeholders,
with
the
goal
of
working
collaboratively
to
articulate
a
vision
for
Japan
town
and
participating
in
the
study
and
implementation
of
streetscape
improvements
to
enhance
placemaking
in
the
community,
be
it
further
resolved
that
the
board
and
executive
director
will
evaluate
specific
ways
to
include
this
policy
goal
in
future
project
area
plans
and
objectives
for
the
area.
Thank
you,
madam
chair.
Thank.
A
A
This
really
has
been
one
of
my
greatest
moments
of
being
able
to
sit
in
these
meetings
and
watch
how
we're
working
together
really
to
make
this
city
amazing,
for
everyone
who
lives
here
so
I
and
and
the
hard
work
that
you
guys
have
done
to
make
this
happen
is
unique
and
I
commend
you
for
taking
this
on
and
for
doing
this
for
our
communities,
so
with
that
I
all
in
favor,
aye
aye
any
opposed
all
right.
Thank
you.
A
I
A
I
The
right
way
so
going
forward
something
to
frame
how
the
board
would
fund
housing
through
the
RDA
increments.
So
with
the
anticipation
that
our
DEA
staff
is
going
to
take
that
to
wrack
next
month,
what
kinds
of
feedback
and
input
does
the
board
want
specifically
want
RAC
to
consider
now
that
you've
had
this
information
provided
to
you
from
hand
and
the
RDA?
Are
there
key
elements
of
the
plans
that
you
know
you
want
to
see
expanded
or
they're
key
elements?
You
want
to
see
addressed
or
stayed
away
from
so
anyway,
right.
A
K
I
think
you
teed
it
up
perfectly,
but
just
to
reiterate,
we
will
be
returning
with
a
draft
housing
funding
policy
and
we're
also
working
on
a
transmittal
on
the
RTA
side
that
outlines
funding
expenditures
over
the
last
five
years.
So
you'll
have
that
information.
So
that's
forthcoming
and
briefly,
madam
chair
I,
could
just
touch
on
high-level
information
that
we
discussed
last
time
that
okay,
without
what.
K
So
last
time
we
discussed
the
differences
in
the
roles
between
hand
and
the
RTA
and
kind
of
our
different
focus
areas
and
focuses
on
a
wide
gamut
of
housing
activities,
ranging
from
policy
development
to
more
program,
ik
programmatic
activities,
to
administering
federal
funding,
to
community
partnership
programs
to
providing
gap
financing
through
the
Housing,
Trust
Fund
and
then
also
looking
at
city-owned
surplus
property
for
development,
including
affordable
housing.
So
with
that
wide
gamut,
the
RDAs
focus
area
is
much
narrower.
K
Looking
at
specific
real
estate
transactions
in
our
city,
we
look
at
specifically
in
project
areas
how
we
can
use
housing
development
as
a
tool
to
further
our
goals
in
those
areas.
We
look
at
housing
activities
to
spur
off
additional
tax
growth
and
return
on
investment,
but
we
also
are
charged
with
looking
at
citywide
housing
goals
and
using
RDA
funds
to
address
citywide
needs
and
also
being
under
the
umbrella
of
economic
development.
We
want
to
make
sure
that
we're
looking
at
housing
as
a
tool
for
economic
development
recognizing
that
they're
closely
interrelated.
K
We
also
discussed
how,
even
though
the
RDAs
roles
and
responsibilities
as
compared
to
hand
or
are
different.
There
are
areas
where
they
intersect,
which
is
primarily
in
the
form
of
gap
financing
through
the
RDA
loan
program
and
the
Housing
Trust
Fund.
But
within
those
two
programs,
the
programs
do
have
very
different
goals
and
objectives.
Rda,
we
don't
just
fund,
affordable
housing
projects,
we
fund
market
rate
commercial,
all
through
the
same
pot
of
money.
We
have
specific
underwriting
standards.
K
The
board
may
waive
those
standards
through
the
loan
resolution
like
four
or
several
of
the
affordable
housing
program
or
projects
that
have
come
before
you
recently.
Those
have
required
waivers
to
our
standard
RDA
loan
policy,
whereas
Housing
Trust
Fund,
doesn't
have
specific
underwriting
standards,
there's
much
more
flexibility
in
the
loans
they
provide,
usually
cash
flow
loans,
less
return
on
investment
than
what
the
RDA
is
looking
for.
K
So
those
are
kind
of
two
areas
where
we
overlap,
but
still
have
kind
of
different
goals
and
objectives,
and
then
we
also
talked
about
areas
where
hand
in
the
RDA
have
been
collaborating
recently,
that's
through
the
disposition
of
land,
we'll
work
with
each
other
on
disposition
objectives.
We
collaborate
on
each
other's
committees
where
that,
whether
that
selection,
committees
or
development
committees-
and
we
also
have
Melissa
the
director
of
hands
sitting
on
the
RDA
Finance
Committee.
K
So
there
is
quite
a
bit
of
coordination
on
projects
and
programs
between
the
two
departments
and
then
just
briefly,
if
we
reach
all
the
way
back
to
May,
we
talked
about
statutory
requirements
of
the
RDA
and
historical
practices.
So
just
a
quick
refresher
that
RDA
each
project
area,
it
depends
on
the
statute
that
was
in
place
when
the
project
area
was
adopted,
that
determines
the
percentage
of
funds
that
are
required
to
be
set
aside
for
affordable
housing.
K
So
that
ranges
from
zero
to
twenty
percent
depending
on
the
project
area
and
by
practice
the
RDA
just
by
practice.
Even
if
it's
there's
no
requirement
in
a
project
area,
so,
for
example,
the
central
business
district
and
West
temple
gateway,
don't
have
a
requirement.
We've
set
aside
a
minimum
of
10%
just
by
practice,
so
we're
looking
at
formalizing
that
practice
in
the
forthcoming
policy
and
then
through
17c.
We
this
affordable
housing
allocation,
that's
required,
we've
also
by
practice,
basically
divided
it
between
citywide
housing
and
project
area
housing.
K
I
I
could
add,
I
think
that
it's
it's
and
Tammy
mentioned
it
a
few
times
that
it's
by
practice
that
the
board
and
the
RTA
has
done
a
number
of
things
that
are
consistent
with
what
the
city's
desired
investment
is
in
housing,
and
so
the
goal
was
just
to
formalize
that
practice
in
policy
and
then
kind
of
taking
a
look
at
when
you're
establishing
a
new
policy.
Should
we
look
at
other
ways
to
do
it
and
so
I
think
that
that's
the
process
we're
going
through
now
right.
F
Remember
Mendenhall.
Thank
you,
madam
chair
Tammy.
I
want
to
go
back
to
the
the
part
about
different
underwriting
standards
and
that
the
Housing
Trust
Fund
doesn't
have
underwriting
standards
which
allows
the
flexibility
but
as
I,
think
back
over
and
I
know
that
we're
gonna
get
a
list
of
loans
and
I
appreciate
that.
But
as
I
look
back
over
loans
that
we've
done
through
RTA
processes.
F
That
and
as
you
talked
about
in
here,
the
board
has
the
authority
to
waive
certain
components
of
the
underwriting
that
are
set
as
the
standard,
but
but
for
our
ability
to
waive
them.
And
ultimately
that
feels
like
the
same
degree
of
flexibility
as
having
no
standards.
But
without
the
oversight
of
this
board
or
the
council
in
our
other
role.
And
so
I
I
do
feel
discomfort
in
having
no
underwriting
standards
for
the
Housing,
Trust,
Fund
and
I.
F
Think
that
our
history
of
working
with
RDA
staff,
through
our
different
RDA
loan
tools
and
other
financing
options
to
discuss
where
the
gap
is
or
the
pinches
on
certain
projects,
how
the
public
investment
can
come
into
play
and
allowing
this
body
to
deliberate
on
those
waivers
in
a
public
setting
is
my
preferred
route
for
legislative
work.
And
so
I
would
like
us
to
explore
it.
Probably
in
our
council
capacity
and
probably
even
a
little
bit
today
in
our
council
meeting,
we'll
touch
on
it.
F
F
And
I
think
on.
In
addition
to
that,
it
would
be
really
helpful
for
a
rack
to
have
access
to
the
forthcoming
loan
history
information
so
that
they
could
compare
and
look
at.
You
know
different
scenario:
potential
outcomes
based
on
what
we
have
approved
historically
through
housing
trust
fund
versus
RTA
processes,
they've
gone
through.
F
So
my
second
question,
if
I
may,
madam
chair
is,
if
I
go
down
to
attachment
a
with
this,
really
great
graph,
that
you've
put
together
and
I
appreciate
the
work
that's
gone
into,
this
I
have
to
say:
I
wish
there
was
one
more
column
which
was
the
order
of
which
is
an
advisory
capacity.
So
we
have
I,
don't
know,
there's
they
aren't.
K
Just
I
have
just
a
statement
of
clarification
on
your
first
question.
State
works.
Well,
one
of
the
reasons
we
developed
RDA
underwriting
standards
through
the
program
was
that
the
board
also
gave
the
RDA
Finance
Committee
authority
to
approve
loans
at
five
hundred
thousand
and
below
right.
So
that's
one
difference
between
the
Housing
Trust
Fund
and
the
RDA
loan
program
just
wanted
to
clarify
that
and.
K
L
So
I
think
the
housing
trust
fund
starting
there,
that
board
has
traditionally
been
used
to
only
oversee
Housing
Trust
Fund
loans
that
went
out
the
door
in
terms
of
cash.
So
it's
certainly
an
applicant
driven
advisory
board.
All
of
our
federal
programming,
I
would
say,
does
not
have
an
advisory
capacity
in
terms
of
like
our
mortgage
program
and
a
community.
Lien
trust-
and
you
know
we
have
about
a
50
million
dollar
plus
mortgage
portfolio.
F
L
Yes,
but
I
would
say
that
that's
probably
not
traditionally
how
we
use
it,
but
I
would
like
to
get
back
to
you
on
that.
Sometimes
it
depends
on
the
circumstances
of
the
home
which
funding
stores
home
is
infinitely
more
restrictive,
and
so,
if
the
homeowner,
for
example,
can't
afford
the
repairs
that
would
be
required
by
home
standards
and
life,
safety
issues
need
to
be
addressed.
We
might
select
to
use
CDBG
as
an
example,
and
so
it's
really
depending
on
the
applicant
needs
how
that
funding
source
is
determined
for
that
specific
program.
So.
L
What's
interesting
about
house
20,
just
historically
is
the
initial
investment
for
this
program
came
through
a
forgivable,
basically
grant
from
the
Housing
Trust
Fund,
so
they
reviewed
it
initially.
Since
then,
it's
been
in
homeless,
services
funding
and
then
recently
was
approved
as
part
of
the
sales
tax
budget
for
housing.
So.
F
And
as
such
as
part
of
sales
tax,
there
isn't
an
advisory
capacity
correct,
currently
yeah.
That
seems
like
one
where
we
have
an
opportunity
to
create
an
advisory
capacity
for
local
dollar
expenditure
on
the
20.
Okay,
I'm
CDBG,
fed
home
development
fund
is
fed
right,
mm-hmm,
Community,
Land
Trust
is
ours,
and.
L
L
F
F
This
growth
I
think
it's
requisite
that
we
have
a
conversation
around
making
sure
that
there's
the
citizen
advisory
capacity
of
those
professionals
who
don't
work
for
the
city,
but
whose
job
we
we
rely
on
with
all
of
our
RDA
loan
programs,
and
we
rely
on
with
the
Housing
Trust
Fund,
but
we've
identified
about
ten
hand,
tools
that
are
really
important
tools
for
making
housing
happen,
but
where
there
isn't
outside
expertise.
Giving
us
advice
on
some
of
those
loans.
A
Nobody
welcome
the
conversation.
I
think
we
all
do
because
one
of
the
things
I
think
we've
talked
about
throughout
at
the
last
year.
That
I've
been
here
is
what
the
role
is
between
RDA
and
hand,
and
it's
something
that
we've
that
sort
of
spurred
all
of
this
conversation
is
me,
I.
Think
being
a
pain,
sometimes
of
saying.
A
Think
there's
a
real,
a
real
opportunity
right
now
to
understand
what
these
two
different
roles
are
and
how
we
can
move
forward
in
the
best
possible
way,
and
this
may
be
one
of
those
questions
that
that
does
come
up
in
a
council
meeting
of
what's
the
oversight.
How
can
our
citizens,
who
do
have
experience
in
this
help
us
help
us
really
move
forward
with
the
South's
tax
dollars?
So
we're
getting
the
biggest
bang
for
our
buck
with
affordable
housing
right
and
I.
A
A
How
are
we
looking
forward
at
what
those
sales
tax
dollars
are
and
how
are
these
policies
going
to
benefit
both
of
these
programs
in
the
best
possible
way,
so
that
we're
again
and
I
don't
mean
to
kick
a
dead
horse,
but
like
that,
we're
really
getting
the
bang
for
our
buck,
that
we
need
and
deserve
for
our
housing
markets
and
for
our
development
as
a
city
right
and
so
I
welcome.
This
conversation
I
think
we're
going
to
continue
having
it
a
lot.
A
I
guess
my
question
at
this
point:
unless
there's
some
other
discussion
on
this
is
going
back
to
Danny
and
Tammy.
What
do
you
need
from
us?
What
input
would
be
helpful
from
us
as
board
members
as
you're,
creating
and
looking
at
the
policy
of,
not
just
creating
sure
tweaking
it
to
get
it
over
to
RAC?
What
is
there
anything
that
we
can
can
help
with?
From
our
end,
I.
H
So
this
was
this
was
done
at
the
request
of
the
board
to
bring
this
information
so
I
think
if
there's
any
additional
information
that
you'd
like
to
have
us
see
or
have
RAC
review
as
part
of
finalizing
that
policy
and
bringing
a
draft
to
you.
What
we're
asking
is
what
what
else
can
we
bring
to
help
that
conversation
and
that
decision.
D
Madam
chair
I
agree
wholeheartedly
with
everything
that's
been
discussed.
I
just
would
like
to
have
some
sort
of
balancing
test
to
see
if
policy
implications
will
delay
some
sort
of
funding
process
through
programs
or
if
that
will
actually
speed
it
up.
So
some
sort
of
idea
that
we
can
see
from
the
each
department
how
that
will
affect
their
their
departments
in
funding.
L
Yes,
miss
Jensen
may
please
just
add
one
component
and
I
think
to
it.
If
we
really
happy
to
go
forward
on
these
discussions-
and
we
could
certainly
share
with
you
a
lot
of
the
information
that
we
use
also
to
guide
our
federal
programs
in
terms
of
you-
know
home
underwriting
standards
and
CDBG
and
parameters
there,
because
they're
quite
robust,
and
that
might
be
a
good
launching
point
for
sort
of
you
know,
thinking
about
it
holistically
and
how
we
move
forward
and
the
different
funding
sources,
and
then
I
did
not
mention
but
wanted
to.
L
The
home
development
fund
has
an
administrative
review
committee.
So
it's
its
internal
base,
it's
not
citizen
run,
but
that
functions
more
more.
Similarly,
not
exact
I
want
to
be
clear
to
the
Housing
Trust
Fund,
where
you
have
sort
of
a
review
and
an
analysis,
and
a
few
years
ago
the
CDC
IP
board
mayor
and
this
Council
sort
of
because
those
home
dollars
weren't
being
used
in
the
community
and
they
were
kind
of
being
held
for
years
and
years.
L
A
You
I
anticipate
that
we
will
be
having
more
of
these
conversations
as
we
sort
of
move
forward
with
the
policies
and
I.
Don't
know.
If
there's
anything
else,
anybody
else
wants
to
say
or
anything
that
any
council
member
excuse
me
a
board
member
would
ask
from
any
of
the
people
sitting
at
our
table
today.
Any
information
that
we
can
have
them
bring
back.
H
H
That
we
just
met
a
couple
weeks
ago.
We
don't
have
much
to
report
other
than
just
wanted
to
bring
the
board
up
to
speed
and
make
you
aware
that
we
have
been.
We
have
regular
meetings
with
the
county
in
terms
of
the
operations
of
Echols,
but
we
have
been
working
at
the
county
of
reaching
out
to
engage
GS
bs
architects
to
help
us
start
looking
at
different
ways
that
we
can
activate
and
further
improvements
we
can
make
to
McCarthy
Plaza
as
part
of
the
theater
and
so
I
know.
H
There's
been
some
discussion
in
the
past
on
that.
The
some
of
you
may
have
been
involved
in,
but
I
just
want
to
give
you
heads
up.
If
you
hear
anything
on
that
that
that
is
something
that
we're
taking
on,
if
kind
of
trying
to
make
sure
that
that
Plaza
starts
realizing
the
the
vision
that
it
originally
had,
that
kind
of
has
it
struggled
as
the
theater
is
opened
up
in
terms
of
theater
has
been
very
successful
and,
as
such,
the
plaza
service
very
well
as
the
loading
dock
that
it's
intended
to.
H
F
One
other
question
on
that.
That
could
happen
in
a
future
follow-up,
but
I
would-
and
we
raised
it
when
we
had
some
of
the
County
management
folks
here
just
recently
yeah
for
the
budget
report
on
the
theater
thanks
Jennifer,
but
about
activation
of
the
Winter
Garden,
to
which
I
think
was
part
of
the
public
benefit
analysis
when
we,
when
the
theater
was
conceived
and
the
lack
of
it
being
open
to
the
public
is
something
I've
been
asked
about
quite
a
bit.
So
if,
if
when
you
come
back
to
us
with
the
McCarthy
results,
Plaza
results.
I
I'll,
just
chime
in
just
as
a
board
member
on
that
Eccles
theater
board
that
we
put
that
request
for
CFA
staff
to
begin
considering
that
now
in
the
winter
they
did
make
the
point
that
in
the
winter
months
the
challenges
are
a
little.
You
know
there's
a
little
more
challenges
with
cleaning
and
things
like
that,
but
that
they
were
willing
to
look
at
it
because
they
recognize
it
also,
as
probably
their
one
of
their
weakest
points.
So
we're
gonna
keep
asking
about
it,
just
as
board
members
too,
so
I
think
that'll
help.
Okay,
thanks.