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A
Thank
you.
Thank
you
to
mr.
chair
anyway.
Welcome
everybody.
We
are
about
to
begin
our
Redevelopment
Agency
meeting,
so
welcome
aboard
this
show.
Let's
see
you
to
start
off,
we
are
going
to
have
our
public
hearing.
I
have
no
cards.
Does
anyone
want
to
say
anything
publicly
to
us?
No
ready
the
read
of.
A
Did
you
want
to
say
something
James
there
not
today
on
to
redevelopment
agency,
business
I
need
an
approval
of
our
meeting
minutes
for
Tuesday
May
7th
2019
I
have
a
motion
by
Florida
member
Luke
of
what
is
that
call
the
second
bike
by
Vice
Chair
Wharton,
not
co-chair
all
those
in
favor
any
opposed
okey-dokey
that
those
minutes
pass
on
to
the
reason
we
are
all
here
today,
mr.
Danny
walls,
the
CEO
of
the
RDA,
please
join
us
at
the
table
and
Laura's
joining
us
as
well.
Thank
you
and
Callie
as
well.
A
A
Welcome
everyone-
and
we
are
here
to
discuss
an
overview
of
the
RDA
budget
for
fiscal
year.
2019
2020
I
think
if
it's
ok
with
board
members
kind
of
how
we
discuss
doing
this
is
Danny.
If
you
just
want
to
start
and
do
the
presentation
and
then,
if
board
members
have
questions
about
the
staff
report,
we
can
kind
of
go
back
up
to
those,
but
I
think
it's
mostly
helpful
if
Danny
just
kind
of
runs
through
his
presentation.
I.
C
C
The
Redevelopment
Agency
is
really
thriving
and
we've
increased
transparency
with
the
help
of
the
City
Council
and
the
City
Council
staff,
and
one
of
the
things
that
I'm
really
proud
of
that
we've
accomplished
is.
In
the
last
two
years,
we've
deployed
33
million
dollars
into
affordable
housing.
We've
done
that
with
21
million
dollars.
C
We've
also
accomplished
many
other
projects
and
you've
seen
all
of
those
so
I'm
not
going
to
spend
a
lot
of
time
and
I'm.
Sure
Danny
will
refresh
your
memory
on
some
of
them,
but
I
really
would
just
wanted
to.
Thank
you
for
your
ongoing
support
of
the
Redevelopment
Agency
and
of
our
team.
It
really
means
a
lot
to
us
and
we're
looking
forward
to
another
strong
fiscal
year
in
2020
with
I'm
gonna
hand
it
over
to
Danny
walls,
Thank.
B
You
Laura
and
before
I
start
I
also
want
to
just
say
thank
you
very
much,
mostly
to
staff
Mike
burns.
Our
our
financial
analysts
and
Kali
release
our
accountant
who
have
put
the
bulk
of
this
information
together,
as
well
as
Amanda
and
Tammy,
who
have
helped
us
with
the
presentation
and
then
all
of
staff
who
has
had
to
respond
to
Callie's
questions
throughout
this
process.
B
That
I
don't
know
how
a
lot
of
other
departments
do
their
budgets,
but
there's
probably
not
many
of
our
staff
members
that
are
immune
from
having
to
deal
with
the
budget
and
provide
information.
So
Kelly
was
the
ringleader
for
that
on
our
behalf.
So
I
wanted
to
make
sure
we
thank
staff
because
they've
done
a
lot
of
work,
bringing
this
together.
So
having
said
that,
we'll
start
it
off
and
I
wanted
to
start
with
this
slide.
That
basically
shows
what
we
were
trying
to
do
with
our
budget
presentation
this
year.
B
But
it's
really
a
process
that
we
see
continuing
throughout
the
year
and
one
that
is.
We
come
back
to
the
board,
both
with
projects
and
future
budgets.
We
wanted
you
to
understand
that
there
is
a
thought
process
or
a
method
to
our
madness
as
we
do
this
as
we
as
we
do
our
budget
allocations
and
then
ultimately
go
out
and
implement
the
projects
and
do
the
work
that
that
you
fund
and
authorize
us
to
do
the
piece
that
we
really
want
to
start.
Focusing
on
and
reporting
back
to.
B
You
is
being
able
to
measure
what
that
impact
is
within
our
project
areas
and
evaluate
our
success
and
to
do
that.
What
we've
laid
out
within
this
budget
is
trying
to
come
back
to
you
and
provide
some
of
the
historical
allocations
that
we've
done
in
our
last
three
years
of
our
budget,
so
that
we
can
kind
of
start
painting
this
picture
of
where
the
money's
going,
what
we're
doing
with
it
and
are
we
being
successful
and
or
do
we
need
to
be
doing
course,
corrections
as
we
come
to
you
with
future
budgets.
B
And
so
then
the
turquoise
circle
on
the
left
is
is
the
next
piece
of
what
we're
talking
about
that.
We
will
be
preparing
as
a
staff
which
is
creating
the
work
plans
within
our
specific
project
areas,
so
that
those
can
inform
us,
as
we
come
back
in
future
budgets
and
really
talk
about
what
we
want
to
accomplish
within
these
project
areas
and
where
those
funds
should
go.
And
primarily,
we
want
to
make
sure
that
we're
taking
into
account
what
the
priorities
are
of
the
board.
B
And
so
that
is,
we
are
asking
to
fund
the
projects
and
implement
that
that
we're
being
mindful
of
what
our
mission
is,
what
our
goals
are
and
what
our
objectives
are
within
those
project
areas.
So
we
really
are
trying
to
align
everything
we
do
with
what
we
talked
about
last
week
within
our
framework
in
our
structure.
So
that
was
the
point
of
what
we're
doing
today.
B
We're
gonna
focus
on
three
of
those
circles
in
terms
of
what
we've
done
historically
and
the
impact
that
that
we've
done
with
the
money
you've
budgeted
as
well
as
getting
into
the
breakdown
of
where
we're
proposing
our
funds
to
go
in
fiscal
year.
Twenty
and
then
also
go
over
the
key
changes
within
that
budget
itself.
So,
starting
with
the
historical
allocations
and
the
impact
we
wanted
to
just
present
some
some
high-level
information.
We
went
back
through
last
three
years
of
budgets.
B
Ultimately,
what
we'd
like
this
to
be
is
probably
about
a
three
to
five
year:
snapshot
that
we
present
to
you
every
year
of
where
the
funds
have
gone.
What
what
allocations
they've
they've
done
in
terms
of
the
projects
and
what
we've
kind
of
gotten
as
part
of
those
results
and
the
impact
that
we've
made
within
the
project
area?
B
So
you
see
in
this
slide
that
just
within
our
budget,
we've
done
five
and
a
half
million
dollars
in
affordable
housing
funds
as
part
of
the
NOFA
and
those
have
been
allocated
to
projects
that
will
result
in
444
total
units
284,
which
will
be
affordable.
Keep
in
mind
that
the
21
million
that
the
board
reallocated
was
not
part
of
our
budget.
So
that's
not
reflected
in
these
numbers.
That
was
a
reallocation,
not
anything
that
you
specifically
did
as
part
of
a
budget.
So
these
numbers
don't
reflect
those
projects.
B
We've
also
done
a
total
of
seven
loans
for
over
seventeen
and
a
half
million
dollars,
which
has
basically
been
over
167
million
dollars
of
total
investment
within
the
city.
We've
put
out
two
hundred
eighty
five
thousand
dollars
and
adaptive
reuse
programs
within
the
grainery
district,
resulting
in
three
new
businesses
within
that
area,
two
of
which
are
breweries.
So
we've
kind
of
continued
the
agency
addition
of
helping
to
subsidize
and
create
the
microbrew
industry
within
our
projects.
B
B
We've
put
ninety
five
thousand
towards
community
gardens,
two
of
them
between
Wasatch
in
the
central
ninth
one
we've.
Also
with
your
approval
and
authority,
we've
spent
over
eight
million
dollars
in
buying
two
properties
between
the
overnighter
and
255
South
State
and
we've
contributed
just
under
three
point:
four
million
dollars
directly
to
this
city's
Housing
Trust
Fund.
B
We've
paid
over
twenty
six
million
dollars
in
debt
service
to
the
Echo's
project,
and
we've
done
3.6
million
dollars
and
land
right
downs
for
two
projects.
Those
are
properties
that
the
agency
owned
that
we
ultimately
have
sold
along
with
the
write-down
to
encourage,
affordable
housing
or
unique
design
characteristics
and
development.
B
Last
year
we
did
$150,000
in
the
arts
program
through
the
murals
in
the
grainery
district
we've
allocated
just
under
2.5
million
towards
our
contribution
for
maintaining
and
operating
galavan
Center.
We've
done
a
total
of
seven
hundred
and
seventy
seven
thousand
and
land
right
downs
which
were
directly
targeted
to
to
community-based
nonprofit
developments
within
the
agency's
project
area.
That's
spy,
hop
and
the
bicycle
collective
within
granary
in
West,
Temple,
Gateway
areas,
and
then
recently
we
completed
the
renovation
of
a
historic
home
in
West.
B
We
have
allocated
over
6.2
million
dollars
in
tax
increment
reimbursement
projects
to
a
total
of
nine
projects,
and
then
you,
as
a
board,
have
also
allocated
approximately
8.2
million
dollars
in
public
infrastructure
projects.
So
this
is
the
breakdown
of
where
we
been
spending
our
money.
The
last
three
years.
We
think
it's
actually
pretty
relevant
to
look
at
it
this
way
and
understand
what
you've
kind
of
gotten
for
your
money
there.
Any
questions
aren't
any
of
those
before
I
proceed.
We
just
wanted
to
give
a
quick
snapshot.
Please
Gallivan.
B
Have
we
spent
the
2.4
million
dollars
that
is
part
of
our
obligation
as
the
owner
and
part
of
the
owners
association
for
galavan,
so
that
goes
towards
both
the
overall
maintenance
of
the
plaza,
as
well
as
our
contribution
towards
the
ongoing
programming
for
the
plaza.
So
we
work
with
the
rest
of
the
owners.
Association.
We
are
the
majority
owner
of
about
I,
think
60%
of
the
total
costs,
and
so
we
take
the
lion's
share
of
the
cost
as
well
for
that
yep,
okay.
B
So
as
far
as
fiscal
year
20
our
budget
breakdown,
we
wanted
to
just
provide
a
high
level
of
where
the
the
money
is
being
proposed
in
this
fiscal
year.
But
we
thought
it
was
important
to
start
with
what
our
revenue
trends
have
been
for
tax
increment.
So
you
can
kind
of
see
within
this
chart
that
from
2014
to
2018
or
2016,
we
were
growing
as
we
normally
do,
and
then
we
took
a
huge
hit
and
we
dropped
in
2017.
And
since
then
we
took
a
little
bit
of
a
bump
back
in
2018
and
2019
Danny.
A
B
B
We
experienced
a
hit
in
all
of
our
project
areas
because
of
the
way
the
county
was
starting
to
reduce
tax
increment
and
how
it
was
calculated.
We
felt
it
the
most
in
CBD,
because
it
was
compounded
by
the
fact
that
there
was
a
large
reassessment
of
property
value
which
we
believe
was
City
Creek,
as
well
as
an
assessment
of
judgment,
levies
and
personal
property
tax,
and
so.
A
F
B
We
are
never
able
to
predict
how
the
county
does
their
adjustments
or
assessments,
but
what
we
were
able
to
do
was
change
the
legislation
to
clarify
that
process
and
make
it
easier
so
that
we
hopefully
don't
have
to
try
to
predict
that
anymore,
that
it
is
now
as
a
much
simpler
calculation
to
figure
it
out.
So
I
think
moving
forward,
we'll
be
in
a
much
better
position
to
track
that
and
see
knock
on
wood.
But
the
other
piece
is
we
also
don't
control.
B
The
important
thing
to
note
here
is,
even
though
in
2019
and
what
we're
projecting
in
2020,
we
are
really
just
barely
getting
back
to
where
we
were
in
2013
and
so
I
think
that's
important
to
note,
as
we
look
at
what
our
resources
are
and
how
we're
spending
on
that.
We
are
not
made
whole
yet
in
terms
of
where
we
were
seven
years
ago.
So.
B
Looking
at
our
recommended
budget
summary,
this
is
just
kind
of
a
breakdown.
Our
total
budget
is
52
million
dollars,
but
it's
really
only
about
forty
five
million,
because
seven
million
of
that
is
counted
twice
within
the
budget
as
an
allocation
towards
administration
costs.
So
we
really
only
have
45
million
of
new
revenue
that
we're
talking
about
the
other.
Seven
million
gets
double
counted
as
part
of
that
transfer.
So
of
that
forty
five
million
you
have
sixty
seven
percent
or
just
over
30
million.
B
Of
that
7.6
million,
we
wanted
to
provide
a
breakdown
of
what
we're
proposing
in
this
year's
budget.
40%
of
it
is
identified
for
loans.
The
agency
has
a
loan
program
that
revolves,
but
the
beginning
of
that
revolving
process
starts
within
our
project
areas,
and
so
you
see
within
our
project
areas
contributions
to
make
loans
within
those
project
areas
and
then,
as
those
loan
funds
are
paid
back,
they
go
into
our
revolving
loan
fund
and
continue
to
revolve
and
grow.
B
But
that
has
to
start
the
initial
spending
has
to
happen
within
a
project
area
if
it's
based
off
of
tax
increment.
So
we
are
proposing
40
percent
of
our
budget
to
go
towards
that,
so
that
we
can
continue
to
build
up
that
fund,
because
that
is
our
most
flexible
fund
that
we
want
to
grow
and
continue
to
be
able
to
reuse
in
the
future
18%
of
our
fund.
Oh.
B
B
A
D
B
B
That's
that's
perfect.
So,
going
back
to
our
current
proposed
project
allocation,
forty
percent
towards
loans,
eighteen
percent
is
going
towards
housing
uses.
That
is
both
a
combination
of
our
allocation
for
NOFA,
as
well
as
the
Housing
Trust
Fund.
Sixteen
percent
will
provide
the
detail
in
the
parking
and
infrastructure
projects.
Fifteen
percent
is
identified
for
commercial
or
mixed-use
projects.
This
is
primarily
the
North
temple
catalytic
projects
allocation
there
and
then
eleven
percent
is
for
miscellaneous
projects,
public
art,
professional
services
and
then
our
project
area
creation
allocation.
B
Any
questions
on
that
before
we
move
on.
Okay,
so
getting
into
the
specific
project
area
funds
and
the
key
budget
changes.
We
wanted
to
make
sure
that
we
just
touch
on
some
of
the
things
that,
as
you
look
at
our
budget,
you
would
be
most
interested
in
seeing
first
and
foremost
is
we
are
projecting
a
slight
increase
in
our
tax
increment
across
all
of
our
funds,
as
we
recently
received
our
final
distribution
of
our
fiscal
year.
B
Nineteen
increment,
we
got
a
slight
uptick
in
that
that
will
come
back
to
you
in
June
as
budget
amendment
five,
but
we
carried
those
projections
and
estimates
forward
into
fiscal
year
20.
So
we
did
realize
a
small
growth
in
that
within
the
central
business
district
we
have
an
increase
in
the
miscellaneous
property
expenses.
B
We
took
that
in
account
in
terms
of
over
the
last
last
budget
cycle,
we
did
not
properly
allocate
or
have
a
funds
for
the
increase
that
we
realized
in
property,
insurance
costs
as
part
of
a
function
of
buying
property
and
some
of
the
increased
premiums
that
we
experienced
and
so
to
rectify
that
we
increase
the
amount
of
money
for
that
this
year,
and
so
that's
why
that
cost
has
gone
up
the
Vivint
smart
home
arena.
This
is
the
first
year
for
that
distribution.
B
You
will
see
in
our
budget
that
that
district
Dushan
is
split
between
two
line
items,
one
of
which
is
the
reimbursement,
and
the
other
is
a
grant
payment.
As
per
our
contract
with
Vivint,
we
agreed
to
make
a
flat
payment
in
form
of
a
grant
and
then
there's
also
a
variable
payment
in
terms
of
the
property
tax
increment
that
they
generate
and
receive.
So
that's
why
we
split
those
into
two
line:
items
the
capital
expenditures,
infrastructure
project.
B
This
is
an
allocation
of
funds
in
response
to
comments
that
we've
heard
from
some
board
members
about
interest
in
possibly
improving
100
South
between
West
temple
and
Main
Street,
and
so
we
wanted
allocate
some
funds
for
that.
If
there
was
some
design
work,
we
wanted
to
do
or
some
short-term
improvements
just
to
improve
what
that
looked
like
in
the
public
space
there.
So
that
is
a
project
we
would
bring
back
to
the
board
for
approval
and
more
definition,
Gallivan
programming
went
up.
B
We
did
not
propose
any
funding
for
that
this
year.
Out
of
the
CBD
and
as
part
of
our
budget
amendment
for
in
this
year's
budget,
we're
looking
towards
doing
a
6.1
million
dollar
NOFA,
and
so
within
the
CBD.
We
decided
to
focus
more
on
commercial
development
and
initiating
projects
that
focus
on
that.
Any
questions
on
CBD.
B
So
as
part
of
budget
amendment
for
the
board
and
then
as
part
of
this
budget,
there
will
be
a
total
of
6.1
million
available
in
another
NOFA
that'll
come
out,
okay,
and
so
that
was
we
felt
that
was
a
sizeable
chunk
for
residential
development.
We
didn't
allocate
anything
within
CBD
to
go
towards
them.
A
We're
like
we're
like
the
moms
that
help
him
out
and
then
say,
fly
and
go,
do
better
events
in
the
city,
and
so
that
was
just
in
it,
as
you
saw
with
the
that
on
first
South
and
Main
Street,
that
allocation
of
dollars,
because
we
had
been
talking
a
little
bit
about
it.
That's
where
that
sort
of
incubator
idea
came
from
is
just
how
do
we
do
this,
and
so
obviously
it's
something
we
should
we're
all
going
to
talk
about.
But
that's
just
as
a
little
bit
of
background
of
why
that's
there?
It's.
A
B
Is
block
70,
which
is
affectionately
called
the
Eccles
development
project?
Again,
tax
increment
increase
to
two
new
line
items
within
this
fund
is
the
beginning
of
a
capital
reserve
for
the
region's
free
parking
structure.
We
have
an
agreement
with
PRI
for
the
leasing
of
that
parking
structure
as
a
way
of
securing
parking
for
the
echos
theater
project.
B
We
don't
have
any
estimates
right
now
of
what
that
would
be
other
than
it's
an
existing
parking
structure
that
at
some
point
will
need
significant
repairs
and
we
will
have
to
pay
our
fair
share
of
that
so
and
then
Regent
Street
maintenance.
This
is
a
cost
that
I
believe
we
were
paying
out
of
either
CBD
or
piff
prior
as
part
of
Regent
Street,
as
we
work
to
identify
a
long-term
funding
source
to
to
maintain
that
Street
and
and
offset
the
impact
on
the
city's
general
fund
budget.
B
B
We
are
talking
with
developers
who
have
an
interest
in
potentially
constructing
a
parking
structure
that
would
be
shared
between
all
the
developments
and
the
agency
is
targeting
that
as
an
opportunity
to
also
provide
public
parking
within
that
structure,
so
that
we
can
build
a
more
efficient
parking
structure
and
hopefully
reduce
the
cost
for
everyone
in
the
grainery
district.
The
majority
of
the
expense
is
going
towards
the
adaptive
reuse
program.
We
are
continuing
to
get
interest
in
this
program,
as
people
are
buying
a
property.
B
We
are
identifying
the
capital
expenditure
as
a
catalytic
project
without
knowing
or
identifying
what
that
is.
Yet
it
is
something
that,
as
staff,
we
are
looking
at
how
we
can
activate
the
north
temple
project
area
and
what
we
should
be
doing
in
that
area,
whether
that
is
purchasing
property,
providing
loans,
extending
the
adaptive
reuse
program
or
facilitating
environmental
cleanup
of
properties,
and
so
as
staff.
We
will
continue
to
work
on
that
and
bring
a
plan
back
to
the
board.
B
West
Capitol
Hill:
this
is
a
part
of
the
extension
of
the
project
area
back
in
2014.
The
intention
of
collecting
the
increment
is
to
put
that
towards
300
West
improvements.
We
have
just
a
little
bit
over
one
point:
two
million
dollars
set
aside
right
now.
We
think
that
as
the
project
cost
that
we're
at,
but
we
have
engaged
engineering
to
help
us
refine
and
finalize
the
scope
of
that
project,
so
that
we
can
finalize
the
cost
and
put
it
out
to
bid.
So
this
would
make
sure
that
we
have
enough
money
for
any
cost
increases.
B
D
B
B
B
Within
program
income
fund,
we
have
three
catalytic
projects.
The
first
is
additional
amount
allocated
towards
the
north
temple
catalytic
project.
The
second
is
Gallivan
repairs.
This
is
a
continuation
also
of
some
of
the
funds
that
were
set
aside
in
ba
for
in
terms
of
looking
at
infrastructure
improvements
to
galavan
between
the
staircase,
the
expansion
joint,
our
retail
space,
the
streetscape,
and
so
this
would
go
towards
that.
And
as
we
finalize
those
costs,
we
would
come
back
and
allocate
those
funds.
And
then
the
third
is
a
$250,000
expenditure
of
public
art.
B
We
were
very,
very
encouraged
with
the
success
of
the
granary
mural
project
last
year,
and
so
we
thought
this
year.
We
would
allocate
250,000
to
either
do
another
sizable
project,
and/or
smaller
projects
within
all
project
areas.
We
felt
it
was
best
to
run
this
out
of
piff
so
that
we
had
the
flexibility
of
where
that
should
be.
B
E
E
B
And
so
there
was
a
selection
process
and
I
think
we
we've
gotten
such
positive
response
off
of
that.
That
would
be
something
that
we
could
either
look
at
doing
more
murals
and
granary,
or
we
can
look
at
doing
that
within
other
project
areas
and
and
and
I
think
I
think
that's
what
we
want
to
do
with
the
Arts
Council.
They
they're
the
ones
who
can
really
provide
us
with
the
the
inside
of
what
artists
are
looking
for,
what
some
of
the
areas
we
could
be.
B
We
could
be
targeting
and
then
what
that
could
look
like
in
terms
of
the
type
of
projects
we
do
as
well
as
making
sure
that
we
are
providing
maintenance
funds
for
the
ongoing
maintenance
of
any
art
that
would
become
city-owned,
and
so
that
would
all
be
wrapped
up
within
the
policy,
as
well
as
the
approach
of
how
we
would
fund
it.
Moving
forward
and.
B
B
Okay,
next
is,
if
you
recall,
as
part
of
our
proposed
housing
allocation
funding
policy
which
board
ultimately
did
not
approve
because
we're
working
through
that
with
the
working
group.
But
we
plan
on
bringing
that
back
for
approval.
As
we
finalize
those
terms,
we
changed
the
citywide
housing
in
the
project
area,
housing
fund
until
a
primary
and
secondary
housing
fund,
and
so
the
primary
housing
fund
or
h1
is
we've
called
it
on.
B
This
slide
deals
with
what
are
our
statutory
obligations
for
contribution
towards
housing
within
our
project
areas,
and
so
for
the
most
part,
the
majority
of
our
project
areas
require
that
we
set
aside
20%
of
housing
funds,
and
so
this
is
where
those
housing
funds
would
go,
and
the
allocation
here
would
be
for
additional
funds
for
the
NOFA
to
go
on
to
the
funds
that
you
allocate
as
part
of
ba4
and
then
also
a
contribution
in
the
city's
Housing
Trust
Fund.
So
and
then
the
secondary
housing
fund
can.
B
B
The
secondary
housing
fund,
as
per
the
statute
and
our
proposed
allocation
policy,
this
would
be
where
we
would
put
contributions
towards
housing
that
are
not
statutorily
obligated
and
the
reason
for
that
is
because
they
carry
with
it
different
restrictions
and
requirements
in
terms
of
where
they
can
be
spent.
And
what
am
I
traditionally?
B
This
is
where,
when
we
have
made
contributions
out
of
CBD
or
other
accounts,
this
is
where
that
would
go,
because
you
have
a
little
bit
different
set
of
rules
by
which
you
can
spend
it
this
year,
because
we
are
not
making
those
contributions
out
of
CBD.
There
are
no
new
funds
going
into
this,
but
we
do
have
interest
income
being
generated
out
of
it,
and
so
what
we
had
proposed
is
looking
at
doing
some
kind
of
a
pilot
program
to
encourage
accessory
dwelling
unit
construction,
and/or,
infill
development.
B
We
don't
know
what
that
would
be.
Yet
we
don't
know
if
that
would
be
an
agency
program
or
initiative,
and
we
don't
know
if
that
would
just
be
us
funding
someone
else,
who's
already
doing
the
work.
That
is
what
we
would
look
at
as
staff
and
come
back
to
the
board,
with
the
plan
on
how
you
would
want
to
spend
those
funds
is.
F
G
F
B
B
Then,
finally,
in
our
admin
budget,
the
significant
changes
we
are
asking
for
three
new
staff
members
to
project
managers
and
one
special
project
assistant
to
help
with
the
workload
and,
as
we
start
targeting
additional
project
areas
and
just
trying
to
be
a
little
bit
more
proactive
in
our
approach
as
well,
what
the
agency
is
doing,
Thanks
and
then.
Finally,
our
gratuitous
plug
on
this
is
the
agency's
50th
year.
F
That
our
staff
put
together
excellent
staff
report
and
there's
a
lot
of
questions
that
they
raised
in
there.
That
I'd
like
us
to
walk
through
as
much
as
we
have
time
for
today
and
I'm
happy
to
start
with
page
the
top
of
page
six,
which
is
part
way
through
a
table
under
capital
project
proposals,
and
the
this
is
referred
to
farther
down
also.
But
the
north
temple
catalytic
project
area
would
tell
me
about
this.
Half
a
million
dollar
pif
request
that
couples
with
catalytic
project
set
aside
so.
B
We
do
not
know
that
answer
at
this
point.
We
have
talked
about
everything
from
strategic
property
acquisitions
to
continuing
the
adaptive
reuse
program
in
the
North
temple
area,
maybe
changing
the
terms
of
our
loan
program
that
would
target
either
businesses
or
properties
that
have
a
little
bit
different
set
of
challenges,
and
that
could
also
include
looking
at
environmental
remediation
loans
or
programs
like
that.
We've
also
talked
about
targeting
the
area
around
the
Folsom
corridor
to
try
to
create
another
central,
ninth
type
of
neighborhood
with
eclectic
uses
and
residential
and
small
business
opportunities.
B
There's
also
a
lot
going
on,
obviously
with
the
Fair
Park
and
the
market
study
and
the
white
ball
field
property
that
the
state
is
looking
at.
So
when
we
put
all
of
this
on
a
map,
it's
very
hard
for
us
to
identify
what
we
should
prioritize
yet,
but
that
is
what
we're
internally
working
on
and
our
goal
would
be
to
try
to
come
back
with
a
plan
of
how
we
would
implement
those
funds.
B
D
B
F
Wanted
to
say
that
I
think
that
I
would
like
this
board
to
have
that
conversation
about
all
those
project
potentials
to
inform
your
process
internally,
before
you
come
up
with
a
plan
to
spend
the
money
that
I
think
it's
been
we're
almost
an
entirely
new
board,
then
we
were
eight
years
ago.
I!
Guess
you
weren't
even
here
yet
eight
years
ago,
and
it
would
be
neat
to
sort
of
look
holistically
at
the
project
area.
F
What's
happened
since
we
created
the
project
area
plan
and
in
listening
to
some
of
the
businesses
last
week
at
the
river
district
chamber
meeting,
they
are
really
wanting
some
to
have
more
feedback
on
the
Folsom
conversation
and
other
ways,
so
I
think
it
would
be.
I
would
like
to
ask
that
this
board
have
that
sort
of
conversation
with
you
with
staff
and
whether
that's
and
I
would
rather
do
it
in
this
setting,
so
that
the
business
community
could
hear
it
and
show
up
and
give
public
comment
if
they
wanted
a
following
meeting.
B
A
I
know
you
had
something
to
say
and
I
just
want
to
interrupt,
just
real
quick
on
this
because
Aaron,
you
bring
up
a
good
point
and
it
was
something
that
Danny
and
I
talked
about
the
other
day
and
I
think
I
mean
Danny
brought
it
up.
So
of
that,
you
know.
If
we
look
at
some
of
these
and
I
have
a
different
sheet,
it
might
be
from
the
budget.
B
Tell
what
you're
reading
off
of
is
well,
we
are
our
capital
projects
which,
by
nature
and
definition
within
our
budget
policy,
are
just
projects
they
use.
The
board
can
allocate
funds
to
over
multiple
years
and
I
think
what
the
piece
we
haven't
provided
yet
is,
as
you've
been
doing
those
over
the
past
couple
years.
B
Here's
the
status,
here's
where
we
are
going
and
then
you
as
a
board
can
make
the
determination
if
you
want
to
reallocate
any
of
those
funds
or
if
we
still
meeting
the
objectives
of
that
initial
allocation.
And
so
we
recognize
that,
as
we
were
doing
that
budget,
we
haven't,
provided
you
that
piece,
I,
don't
know
to
what
extent.
Historically,
over
the
last
three
to
five
years,
we've
been
doing
a
lot
of
set
asides
since
the
the
2016
reallocation,
I,
don't
think
we're
carrying
a
lot.
D
H
H
The
city
has
all
of
the
consultants
in
place
and
the
tools
in
place
to
do
something
like
that.
It's
a
matter
of
philosophical
approach
and
also
a
couple
of
the
factors
I
mentioned
that
that
play
into
it,
for
some
entities
is
what
is
the
cost
of
money
now
as
opposed
to
what
it
would
be
in
the
future?
H
If
you
had
a
crystal
ball,
that
would
help,
but
do
expect
that
interest
rates
right
now,
our
our
decent
or
do
you
expect
them
to
go
down
or
up
in
the
future
and
then
the
other
is
the
cost
of
construction.
Is
there
any
thought
that
that
cost
of
construction
will
be
going
down
later,
staying
the
same
or
going
up
so
just
some
factors
on
the
idea
of
catalytic
projects?
H
C
C
A
F
What
you
said
of
like
looking
at
what
we've
done
is
is
great,
and
that
would
be
really
helpful
and
I
and
I
was
trying
to
say
looking
at
where
we're
going.
I
think
that
the
community
sentiment
is
different
today
than
it
was
eight
years
ago
or
ten
years
ago,
when
we
started
that
conversation
and
it's
valid
for
us
to
reignite
that
dialogue
about
what
to
do.
Thank.
G
So
thank
you
board,
member
Ben
and
Hall
for
raising
that
question
on
the
North
Temple
RTA
piece
or
about
that
this
has
been.
You
know
one
of
the
more
frustrating
rdas
for
me
as
a
board
member.
The
vote
was
taken
right
before
I
joined
so
but
I've
been
here
pretty
much
for
the
life
of
it.
And
you
know
we
can
talk
about
catalytic
projects,
I'm,
sorry,
but
I,
don't
think
he'd
get
anything
more
much
more.
Catalytic
than
you
know,
adding
light
rail
to
the
entire
length.
G
Not
moved
forward
the
way
that
we've
seen
other
RT
is:
what
do
you
think
I
mean?
What
can
we
learn
from
this
so
that
as
we're
making
these
budget
decisions,
what
is
different
about
north
temple?
You
know,
why
is
it
but
hey,
you
know,
why
is
it
behaving
differently
and
what
can
we
do
to
avoid
kind
of
the
eight
years
of
stagnation?
You
know,
since
we
put
in
you,
know
hundreds
of
millions
of
dollars
on
something
very
catalytic.
That's.
B
A
great
question,
I
I,
would
say
that
looking
at
North
temple
I
think
we're
on
the
cusp
of
it.
Turning
around
I
think
what
you
had
with
in
terms
of
the
installation
of
light
rail
and
then
coming
out
of
the
recession.
Those
were
probably
two
things
that
are
very
tough
to
recover.
From
from
a
business
standpoint,
I
think
you
have
a
function
of
you
have
a
lot
of
tax-exempt
properties
along
North
temple
that
really
impacted
from
redeveloping
and
so
I.
Think.
B
From
that
standpoint,
we
have
to
be
more
strategic,
I
think
we
have
to
really
look
at
what
we
can
control
I
think
you're
already
starting
to
see
that
with
a
lot
of
the
residential
development
that
is
happening
west
of
Redwood
Road,
where
the
land
is
available,
it's
happening.
People
want
to
be
on
that
light.
Rail
line
and
I
think
what's
important
about
this
allocation
of
funds
and
really
trying
to
develop.
B
That
strategy
is
to
take
advantage
of
that
entire
area
being
within
an
opportunity
zone
and,
and
the
timing
is
critical
because,
as
investors
are
looking
right
now
at
those
developments
that
they
want
to
do,
if
we're
ready
to
leverage
our
funds
with
them,
then
that
really
can
be
the
catalyst.
And
so
when
we
say
catalytic
project,
it's
not
always
one
large
assemblage
of
property
as
much
as
it
can
be
an
initiative
or
a
program
or
just
a
deliberate
targeting
of
what
we
think.
We
should
put
our
resources
towards
I.
B
Think
the
Folsom
Trail
is
a
huge
amenity
in
that
area
that
we
need
to
capitalize
on
and
then
I
think.
We
need
to
look
at
ways
of
building
up
the
roof,
because
I
think
the
rooftops
will
bring
the
retail
and
and
the
commercial
density
it.
It
always
follows
rooftops,
and
if
we
don't
have
the
doors
there,
then
you're
not
going
to
see
those
vacant
retail
operations
fill
up
so.
C
Our
business
development
team
has
been
hard
at
work,
putting
together
a
prospectus
that
we
are
working
with
the
RDA
to
understand
how
we
can
better
utilize
that
prospectus
and
we'll
be
transmitting
that
draft
form
to
you,
probably
within
the
next
few
weeks,
so
watch
for
that
prospectus
coming
soon.
I.
E
Just
have
a
comment
just
as
background
when
the
RDA
had
the
facade
improvements
along
North
tempo.
Only
a
few
people
counted
I
could
count.
How
many
people
were
ever
look.
I
mean
were
interested
in
doing
the
matching
grant
for
the
facade
improvements
and
the
number
one
comment
that
we
got
was
that
May
the
process
to
get
that
grant
from
their
da
was
a
little
bit
too
complicated
for
a
regular
small
business
owner,
and
so
a
lot
of
them
decided
not
to
take
advantage
of
this,
and
this
was
probably
2013
right.
2013
2014.
E
Some
things
have
happened
already
on
the
eastern
part
of
the
of
the
area
and
I
think
it
will
be
worth
investing
on
the
eastern
part
of
the
area.
Moving
to
the
west,
I'm,
not
sure
what
mr.
James
Rogers
things,
but
but
the
Folsom
corridor
is
that
one
project
that
it's
waiting
to
happen
and
I
think
this
might
be
the
right
time
to
look
at
it
more
even
more
seriously.
What
do
you
think
James
I
think.
D
The
stars
are
aligning
for
a
North
temple
right
and
we're
gonna
make
it
happen.
I
think
that
if
you
look
at
the
programming
that
economic
development
is
doing
with
they're,
not
silicon,
what
are
we
talking
at
their
technology
corridors
basically
and
looking
at
highlighting
that
along
North
temple?
The
real
problem
with
North
temple
is
the
three
main
property
owners
in
between
the
boundary
the
boundary
lines.
They
are
the
largest
property
owners
right
and
they're,
not
biting
they're,
not
moving
and
everything's
growing
on
the
outside
of
those
areas.
D
So
we've
got
to
figure
out
whether
that's
the
overnighter
you're,
looking
at
a
catalytic
project
or
you're
looking
at
a
public
market
at
the
fairgrounds
we're
still
going
forward.
That
I
mean
there's
still
a
lot
of
things
that
we
can
do.
I
know
that
the
Fair
Park
committee
they're,
looking
at
doing
you,
know
with
white
ball
diamonds,
and
things
like
that.
So
I
think
whatever
we
can
do
to
work
together
as
Salt
Lake,
City
isn't
and
his
RTA
staff
and
the
state
I
mean.
A
B
A
D
F
In
in
lieu
of
the
time
that
we
have
I'll
ask
this
as
a
more
of
like
a
process,
question
around
the
CBD
and
I
appreciate
the
244,000
recommendation
for
first
south
infrastructure
improvements
and
the
idea
around
incubator
pilot
project
at
galavan
and
I
know
that
there
are
lots
of
competing
needs
in
the
CBD
or
in
every
project
area.
But
CBD
has
its
own
unique
needs.
Also
and
back
to
what
Laura
was
mentioning
director.
F
Fritz
was
mentioning
that
I
would
I
think
that
I
would
like
to
have
a
little
bit
more
board
and
which
isn't
today
board
discussion
around
what
those
competing
needs
are
in
the
area
before
they
get
to
the
point
that
they're
and
I
I
mean
I
raised.
The
first
house
need
so
I
appreciate
the
the
attention
it's
getting
here,
but
I
was
a
little
bit
surprised
because
I
didn't
feel
yet.
F
F
Yet,
but
when
we
have
these
competing
needs
in
a
project
area,
if
we
could
chew
on
them
a
bit
and
be
able
to
contextualize
the
requests
that
that
would
give
me
both
like
more
confidence
that
we're
all
behind
whatever
it
is
we're
doing
and
that
the
public
process
has
been
thorough
on
whatever
it
is.
We
end
up
funding
and.
B
If
I
may
I,
we
fully
agree
with
that
and
that's
been
one
of
the
challenges
we've
had
as
we've
done
the
budget
the
last
two
years
and
if
you
recall,
as
part
of
our
discussion
on
the
strategic
framework.
That
is
why,
as
a
staff,
we
want
to
be
deliberate
and
looking
at
the
specific
project
areas
and
laying
out
exactly
what
you're
talking
about
is.
What
are
our
priorities?
F
Community
coming
to
us
about
first
south,
we
couldn't
have
necessarily
predicted,
and
so,
if
the
way
that
I'm
thinking
of
the
way
we
get
CBD
CDBG
requests
and
then
not
that
you
need
to
score
them
or
something,
but
to
be
able
to
look
at
sort
of
the
context
of
here's,
how
much
money
we
have
here's.
How
much
is
is
possible
in
terms
of
requests,
and
then
we
can
talk
about.
What
do
we
want
to
do?
That's.
B
E
B
Is
it
something
that
we
push
on
to
the
developers
as
part
of
projects
that
we
put
any
funding
in
and
that
they
have
to
do
it?
Is
this
something
that
the
agency
would
have
resources
available
and
do
those
projects
ourselves?
A
long
time
ago
we
used
to
allocate
a
certain
amount
of
money
in
every
project
area
and
do
art
within
all
the
project
areas.
It's
been
half
hazard
and
inconsistent
and
I.
Think
that's
the
goal
of
the
policies
to
come
back
and
say:
how
do
we
want
to
do
it?
B
How
do
we
want
to
fund
it?
Is
it
ongoing?
What's
the
maintenance
contribution,
how
do
we
partner
with
the
Arts
Council?
That's
that's
what
we're
going
to
come
back
for
that
discussion
on
the
policy
and
I
think
that
will
guide
us
in
future
years
in
terms
of
what's
ongoing
and
what
do
we
encourage
our
developer
partners
to
do
and.
E
B
We
put
150,000
and
we
probably
could
have
used
a
lot
more
and
then
add
a
little
bit
more
in
terms
of
understanding
that
their
power
should
be
a
maintenance
contribution
somewhere
and
250,000
felt
like
the
right
amount
to
start
with
this
year
until
we
kind
of
figure
out
where
this
should
go
in
the
future.
I
think.
A
D
Madam
chair,
just
because
we're
kind
of
wrapping
up
we
frequently
do
this
when
we're
running
out
of
time
is
to
ask
any
council
members
to
send
us
questions,
and
then
we
can
list
them
in
our
next
staff
report
for
what
seems
like
it
will
probably
be
a
briefing
on
June
4th
guessing
okay,
that
just
feel
free
to
send
me.
Your
questions
and
Ben
and
I
can
incorporate
those
into
the
next
report.