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A
A
B
A
B
We
don't
have
I
mean
we
have
a
public
you.
We
have
general
comments,
but
no
general
comments.
Public
hearing.
We
will
start
now
with
the
RDA
budget.
Amendment
number
five
Oh
nope.
No,
nobody
wants
to
talk
about
that
from
the
public.
Great
then
we'll
just
go
on
to
business.
So
RDA
budget,
amendment
number
five
Danny
Oh.
B
Before
you
start
just
so,
everybody
in
the
audience
is
aware.
We
are
changing
the
agenda
just
a
little
bit.
We
will
first
discuss
the
RDA
budget,
amendment
number
five
and
then
we
will
be
discussing
the
review.
The
motion
sheet
for
fiscal
year,
2019
2020
annual
budget,
so
we're
moving
number
four
up
to
number
two
and
then
we
everything
else
will
shift
down.
C
Hi,
okay,
hi.
Thank
you,
madam
chair.
Thank
you
board
members.
We
first
item
to
speak
to
today
is
budget
amendment
number
five.
We
have
provided
a
detailed
breakdown
within
the
packet
of
what
the
accounts
and
numbers
are
for
this.
We
did
not
prepare
a
formal
presentation.
The
reason
for
that
is,
as
as
you've
seen
in
the
memo
that
primarily
budget
amendment
number
five
is
strictly
housekeeping
issues
insofar
as
we're,
basically
just
accepting
the
additional
amount
of
tax
increment
that
the
agency
has
received
as
part
of
our
final
disbursement
from
the
county
and
outside
of
that.
C
The
only
other
item
that
is
of
note
for
the
board
is
we
have
included
in
that
the
allocation
of
the
funds
for
the
sale
of
the
Marmalade
block
back
in
March,
which
the
board
had
already
authorized
or
Dennis
draw
pole
to
give
us
the
ability
to
allocate
that
towards
the
construction
of
the
park
within
that
project.
And
so
that
being
said,
if
there
are
any
questions
on
specific
line,
items
or
amounts
or
how
we
came
up
with
some
of
these
transfers,
I'd
be
happy
to
answer
them.
B
D
B
E
D
B
F
Think,
madam
chair,
we're
still
waiting
for
the
printouts
to
come,
so
you
know
what
it
might
be
more
helpful
if
we
punt
this
one
more
item,
if
that's:
okay,
my
apologies
for
not
having
the
printouts
ready
but
I
think
it'll
be
easier
for
you
guys
to
follow.
If
we
can
just
all
look
at
the
motion
sheets
and
then
we'll
pull
it
up
on
the
screen,
it's
not!
Okay!
That's.
F
So,
by
way
of
reminder,
the
board
is
scheduled
to
meet
at
the
seven
o'clock
hearing
time.
That's
usually
set
for
the
council
that
at
that
time
the
board
will
consider
formal
adoption
of
the
budget,
but
staff
just
wanted
to
run
through
the
potential
budget
adoption
motion
sheet
so
that
we
could
make
any
changes
that
the
board
desired
between
now
and
then
so
that
we
made
sure
to
have
the
right
budget
for
you
guys
to
adopt.
F
So
the
key
changes
should
also
be
at
your
places
now
and
the
main
difference
from
the
key
changes
that
you
saw
over
the
weekend,
and
this
is
that
staff
has
just
sort
of
highlighted
in
a
sort
of
extra
fund.
Essentially
the
concept
of
the
Housing
Trust
Fund
in
the
RTA,
so
you'll
see
that
that's
tracked
entirely
separately
from
the
primary
housing
fund.
F
E
G
B
Definitely
honor,
Chris
and
I
were
able
to
meet
with
a
housing
advocate
recently
on
Monday,
who
did
have
some
concerns
about
this.
This
move
and
it's
not
a
permanent
move.
It's
not
intended
at
this
point
to
be
a
permanent
move
or
to
take
away
any
of
this
funding
or
any
of
these
dollars
at
any
point.
In
any
time,
in
fact,
the
idea-
and
actually
the
housing
advocate
mentioned
this
when
we
were
talking,
is
the
idea
around
housing
policies
and
bigger
housing
policies
that
maybe
housing
development.
B
The
development
part
of
it
belongs
with
a
department
that
does
development
and
that
they're
having
some
of
these
similar
conversations
up
at
a
state
level
as
well
of
where
these
development
dollars
are
right.
Now,
for
example,
in
the
state
level,
are
in
workforce,
have
services
and
that
that
department
is
supposed
to
there's
sort
of
mission,
is
to
put
people
with
resources,
and,
and
so
there's
this
question
of.
Are
they
really
the
best
equipped
to
do
the
developing
of
housing
and
I?
B
What
are
the
best
practices
to
be
doing?
You
know,
for
me,
I,
believe
that
one
of
our
jobs
is
to
ensure
that
we
are
efficiently
and
effectively
spending
our
taxpayer
dollars.
That's
why
we're
here
we're
the
stewards
of
that
that
money
and
we've
also
been
talking
about
streamlining
processes
of
how
are
we
gonna
get
everyone
in
one
spot?
B
This
is
one
way
and
I've
heard
from
some
developers
that
they,
it
was
hard
for
them
to
go
to
several
different
spots,
to
see
where
and
how
and
where
they're
gonna
get
their
funding,
and
this
is
hopefully
a
one,
stop
shopping
center
if
you
will,
but
with
the
needs
in
different
places
and
all
the
parameters.
In
the
same
way,
nothing
is
changing
with
that
at
all.
It's
just
maybe
looking
at
a
policy.
If
this
is
the
the
right
move
there
did
I
did
that
cover
kind
of
our
conversation
at
yesterday.
G
Yeah,
thank
you.
I
wanted
I
appreciate
that
I
also
wanted
to
say
that
the
the
duty
of
that
we
have
as
a
board
and
then
as
that
we
have
is
the
council's
to
make
sure,
there's
a
consistent
and
transparent
a
process
to
every
taxpayer
dollar
that
we
give
out,
whether
it's
through
a
loan
or
a
grant
or
whatever.
And
at
this
point
in
time.
G
We
know
that
the
RTA
is
able
to
give
that
consistent
and
transparent
process
on
the
development
side
and
be
able
to
distribute
the
dollars
most
promptly
through
that
process
and
and
that's
why,
at
this
point,
I'm
I'm
gonna
support
today.
This
move
with
everything
you
just
said
as
a
as
the
foundation
of
it
that
we're
going
to
have
a
policy
discussion.
G
We're
going
to
evaluate
this
so
that
it's
the
best
use
of
those
dollars
that
we
can
ensure
to
the
public
and
I
could
see
us
having
a
housing
development
trust
fund
in
a
housing
programming
trust
fund
in
the
future
and
that
those
could
be
housed
in
the
RTA
and
can
respectively,
but
I
look
forward
to
having
that
bigger
policy.
Discussion
and
being
able
to
get
these
dollars
out
into
the
housing
development
pool
as
fast
as
possible,
with
consistency
and
transparency.
B
Thank
you
for
that,
Erin
and,
and
one
other
thing
I
do
want
to
say
it
was
really
an
eye-opening
and
informative
meeting
to
meet
with
the
housing
advocate
and
understand
some
of
those
concerns,
but
also
be
able
to
to
come
together
and
say:
okay,
nothing's,
changing
and
I.
Think
that
was
that
was
a
concern.
Is
that
we're
getting
rid
of
the
housing
trust
fund,
which
it's
not
at
all?
B
What
was
intended
or
that
we
had
hoped
for
was
also
interesting
to
hear
that
they're
having
some
similar
discussions
about
sort
of
the
development
versus
the
programming
and
where
that
is,
and
how
that
looks
so,
I
don't
see
her
in
here,
but
I
do
if
she's,
listening
or
watching
want
to
say
that
I
appreciate
having
people
sit
down
at
the
table
and
come
together
and
talk
about
these
things,
so
we
can
work
together.
That's
it
was
really
helpful
and
informative
I.
Think
for
both
of
us.
So
Chris
did.
You
want
to
say
something.
D
Just
that
I
felt
a
lot
better
too.
After
our
meeting.
I
think
that
there
were
there
were
some
misconceptions
and
because
we
were
moving
really
quickly,
but
I
just
wanted
to
thank
you
for
for
doing
such
a
good
job
to
try
to
and
bring
together
so
many
different
people
and
and
try
to
answer
those
questions
and
try
to
come
up
with
something
that
the
whole
council
feels
comfortable
with.
Thank.
B
E
F
So
we'll
have
all
the
information
ready
for
you
to
consider
at
tonight's
meeting.
I
also
should
have
been
cleared.
The
RDA
technically
adopts
the
budget
via
resolution,
so
the
motion
sheet
refers
to
a
resolution.
We'll
also
have
that
for
your
meeting
at
7.
It
was
just
finalized
this
morning,
so
there
are
some
language
and
there
about
referring
to
the
housing
piece,
so
we'll
send
that
around.
So
that
make
sure
that
you
guys
are
aware
of
that.
Thank.
B
You
and
can
I
just
say
now
that
we're
sort
of
at
the
end
of
this
that
I
cannot
thank
our
council
staff
enough
that
you
guys
have
worked
tirelessly
and
endlessly
and
put
up
with
all
seven
of
us
and
answer
questions
in
the
middle
of
the
night
and
listen
to
my
weird
SNL
dreams
about
my
anxiety
and
calm
are
my
fears.
A
lot
and
I.
I
really
cannot
thank
all
of
you
enough
for
the
hard
work
that
you
guys
have
done
to
really
make
this
process
as.
B
B
C
C
C
This
fits
our
program
and
policy
and
really
the
reason
we
are
here
before
the
board
to
get
approvals
because,
as
per
our
policy,
it's
more
than
five
hundred
thousand,
and
so
we
get
the
pleasure
of
letting
you
guys
put
your
stamp
on
the
approval
here.
So
that's
something
that
we
always
strive
for
and
it's
nice
when
those
actually
come
in,
and
we
like
to
highlight
that.
C
H
E
H
Their
project
includes
an
outdoor
dining
area
and
what
they're
calling
a
spirit
garden
outdoor
and
they
have
a
hundred
forty
foot
mural
wall
planned
facing
that
outdoor
area.
So
the
total
project
cost
is
about
3.6
million
dollars
and
they
are
anticipated
to
break
ground
this
summer
and
take
about
six
months
for
construction
as.
H
No,
that's
wait.
Did
I
do
this
to
okay.
The
terms
of
the
loan,
as
Danny
mentioned,
are
within
the
RDA
loan
policy
without
requiring
any
waivers,
but
I'll
go
through
them
quickly.
Here
we
started
with
our
fire
or
know
our
ten-year
US,
Treasury
yield,
curve
rate
plus
three
percent,
and
that
gave
us
a
five
point:
three
seven
percent
starting
interest
rate
and
then
to
acknowledge
six
public
benefit
criteria
that
the
project
meets,
which
includes
sustainability,
public
amenities,
adaptive
reuse,
permanent
job
creation,
transit
alternatives
in
economic
impact.
H
H
H
H
This
is
a
site
plan
for
the
project.
It's
probably
a
little
bit
hard
to
see,
but
the
it
includes
well.
I
should
probably
let
Shawn
speak
to
this
site
plan
when
it
comes
up.
Actually
here's
an
elevation
of
the
face
of
the
building
that
faces
the
outdoor
dining
area
and
then
I
have
a
couple
renderings
of
the
final
project.
H
H
B
A
A
And
I
don't
have
to
come
up
absolutely
absolutely
I'm
in
the
audience
we've
got
Matthew
full
and
behind
them.
Brian
Wrigley,
we're
missing
another
partner,
Scott
Gardner
who's,
now
preparing
for
a
big
we're
doing
a
press
tour
for
water
which,
representing
the
state
of
Utah
in
Los
Angeles
in
New
York
over
the
next
couple
weeks,
really
excited
about
that.
So
he
sends
his
apologies
for
not
being
able
to
join.
B
A
A
But
we
plan
on
planting
a
number
of
heirloom
apple,
pear
and
stone
fruit,
varietals
we're
still
consulting
on
which
varieties.
There's
a
cherry
tree
on
site
that
we're
gonna,
leaving
there,
unfortunately
as
well,
and
so
the
whole
concept
was
to
be
able
to
witness
the
creation
of
spirits
from
sort
of
cradle
to
grave
really
excited
about
it.
A
So
it
is
a
pretty
complex
licensing
scenario.
We
originally
really
wanted
this
to
be
a
restaurant
restaurant
where
everybody
could
join
in
and,
unfortunately,
Utah's
restaurant
laws
are
so
restrictive
that
we
couldn't
hit
the
ratio
requirements
that
they
require
for
food,
so
we
will
be
actually
applying
for
a
bar
license
as
the
restaurant
portion.
We
hope
to
turn
that
into
what
it
was
meant
to
be
at
some
point
in
the
future.
E
A
E
J
I
appreciate
coming
back,
we
talked
earlier
and
I'm
impressed
by
the
project
partially
because
of
the
reuse
of
the
existing
building.
Very
nice
nicely
nice
fine
number
one
to
fit
your
needs
and
to
keep
the
building
and
make
it
beautiful
again
and
also
to
activate
this
particular
area.
We've
been
waiting
for
a
long
time
for
this
section
of
North
temple.
They
get
something
to
jump
it
all
right,
I
get
it
going
here.
Jump-Started
I
hope
this
will
be
a
part
of
that.
So
I
appreciate
this
and
I
approve
of
the
terms
at
this
point.
A
E
I
Everyone
confuses
Andrew
now,
anyway,
I
was
just
gonna,
just
say:
I
really
appreciate
in
the
staff
report.
You
know
learning
about
how
if
the
trees
are
taking
down
you're
going
to
use
them
for
the
interior,
the
the
art
wrought-iron
you're,
going
to
use
for
the
fence,
I
mean
just
there.
Re-Use
is
amazing.
How
you're
doing
this
so
and
like
Andrew
said
this
is
a
neighborhood,
in
my
opinion,
that
on
the
west
side,
that
has
needed
it
more
than
anywhere
else.
So
this
is
a
great
I.
I
H
G
We
can't
we're
not
even
imagining
some
of
the
cool
stuff
people
are
gonna,
be
able
to
come
come
up
with,
and
here
you
are
you're
setting
a
new
bar
really
for
what
I'm
going
to
be
looking
for
in
future
projects
when
they
say
we're
going
to
be
reusing,
the
space
and
the
building
you're
going
above
and
beyond.
But
it's
it's
amazing.
I
totally
agree
that
this
is
going
to
be
an
incredible
boon
and
boost
to
this
community
and
the
area
and
the
adjacency
to
the
Folsom
Trail,
which
is
going
to
be
coming
along
soon.
G
A
B
D
Just
gonna
say
the
same
thing
about
just
moving
ever
so
slightly
east,
like
maybe
five
blocks,
but
yeah
I'm
really
excited
about
this
I
did
get
your
email.
Sorry
I
haven't
emailed
you
back,
but
I'm
very
excited
about
this
and
there's
nothing
I,
don't
like
about
this
project,
so
I
love
that
integrating
the
history
and
everything
and
I'm
really
excited
to
see
it
come
along.
So
thank.
B
I'm,
obviously
very
excited
about
the
project.
So
thank
you
for
doing
this.
It's
gonna
be
awesome
and
I
think
it
really
can
be
a
model
for
other
cool
projects
that
we
can
do
throughout
the
city
and
once
again,
I
want
to
thank
the
RTA
staff
and
our
staff,
but
for
putting
this
great
staff
report
together,
it
really
I
keep
talking
about
it,
but
it's
just
because
it
works
so
well,
I,
love
being
able
to
say
this
is
why
we're
lowering
the
interest
rate
of
being
able
to
look
at
those
factors
and
say
this
is
great.
B
This
all
makes
sense
it's.
It
gives
me
such
relief
when,
when
we
can
do
that
right-
and
so
thank
you
so
much
for
getting
that
put
together
for
explaining
that
in
our
staff
report
for
really
showing
us
that,
because,
as
other
projects
come
along,
we
get
to
be
like
no
sorry
you're,
not
as
good
as
they
are,
so
you
don't
get
the
same,
no
I'm
kidding,
but
I
don't
know,
but
it
really
does
help,
and
it's
it's
great.
B
G
B
E
A
C
B
Up
we
have
a
little
project
information
update
with
the
255
South
State
Street
development,
and
we
have
Danny
in
court
and
Corinne
and
I
also
do
see
our
developer
partners
in
the
audience
as
well.
So
if
people
have
specific
questions
about
the
project,
I'm
sure
they
would
be
happy
to
answer
any
specific
questions.
B
C
Thank
you
again.
We
were
fortunate
to
have
what
we
consider
to
be
another
great
project
and
before
I
get
started.
I
wanted
to
thank
both
the
mayor
and
the
board
here,
because
it
was
probably
about
a
year
and
a
half
ago
that
we
went
to
both
both
of
you
in
your
respective
capacities
and
pitched
this
crazy
idea
of
the
agency
walking
across
the
street
and
buying
this
property
back
out
of
foreclosure.
C
That
was
a
failed
project,
and
so
I
want
to
start
by
saying
thank
you
to
the
mayor
for
for
her
vision
and
her
faith
in
us,
as
well
as
the
board
of
sharing
that
vision
and
allocating
the
funds
for
us
to
do
that,
because
that
was
a
bit
of
a
stretch
and
what
we
hope
to
present
to
you
today
is
hopefully
the
justification
for
why
we
did
that
and
and
present
a
project
that
lives
up
to
the
expectations
that
you
all
had
at
that
time.
Court
and
Korean
had
been
working
on
this
project.
C
A
lot
court
I
think
this.
This
happened
early
on
in
my
time
at
the
RDA,
so
I
think
when
I
assign
this
to
court,
he
may
have
thought.
I
was
punishing
him
and
so
he's
put
in
a
significant
amount
of
time
of
bringing
this
project
to
the
RFP
process.
Rfq,
sorry
and
then
to
where
we're
at
right
now,
with
the
negotiations
with
the
developer
and
so
I
want
to
thank
them
for
all
their
work,
as
well
as
Jim
Zirin,
our
property
management
who
property
manager
who
had
the
unenviable
job
of
having
to
maintain
this
property.
C
C
This
is
a
little
bit
outside
of
our
normal
process,
but
given
the
complexity
of
this
project
and
the
magnitude
of
what
the
agency's
participation
and
what
the
project
is
proposed,
that
we
thought
it
would
be
a
good
idea
to
touch
base
with
the
board,
give
you
an
update,
be
able
to
meet
the
developers
and
understand
what
we've
been
working
on
for
the
past
year
and
a
half.
So,
having
said
that,
I'll
turn
that
time
over
to
court
and
Corinne
and
then
we'll
likely
invite
the
developer
to
come
up
and
do
the
presentation
and.
B
If,
before
you
start,
training,
I
kind
of
want
to
just
give
the
board
an
update,
Danny's
right
in
that
this
is
a
little
outside
of
the
process,
but
it's
something
that
we've
kind
of
all
been
talking
about
of
of
bringing
the
project
or
the
idea
of
the
project
to
the
board.
First
before
anything
is
getting
started
so
that
we
there's
kind
of
a
thermometer
gauge
here
so
that
we
can
see
how
interested
the
board
is.
B
So
that
developers
understand
what
our
expectations
are
and
and
what
our
interest
is
and
don't
go
spend
a
bunch
of
money
that
then
we
have
to
kind
of
figure
out
where,
where
we're
gonna
get
it
right.
So
it's
it's
something
that
we
like
I,
said:
we've
kind
of
been
talking
about
of
this
pre
pre
presentation.
B
If
you
will
to
gauge
the
where
the
board
is,
and
hopefully
I
think
it
will
be
something
that
we
kind
of
it
may
be
out
of
the
process
right
now,
but
I
think
it
will
be
something
that
becomes
part
of
the
process
as
we
move
forward
on
different
projects.
Just
so
that
there
is
a
lot
of
clarity
and
understanding
from
for
everyone
that
accurate
Danny
of
you.
C
K
K
There
are
six
items
there's
more
than
those
six,
but
the
six
that
really
are
I
think
germane
to
today's
discussion
are
we
were
looking
for
a
broad
range
of
housing
types
in
an
affordable
housing
project
in
the
downtown
we
wanted
an
active
ground-floor
use.
We
didn't
want
a
parking
lot
right
there
on
that
portion
of
State
Street.
We
were
looking
for
a
mid
block,
walk
way
to
connect
State
Street
through
to
Floral
Street
and
as
the
street
there's
a
historic
housed,
a
historic
structure
on
the
property,
and
we
wanted
to
preserve
that
and
restore
it.
K
We
wanted
a
quality
design
project
and
we
wanted
something
to
happen
in
a
timely
manner.
Just
given
the
history
of
the
site
and
the
sort
of
failed
development
that
had
happened
there
previously,
so
the
Brinn
shores
vision
through
the
RFQ
process,
really
aligned
with
that
vision,
and
so
they
were
the
developer
that
was
selected,
and
while
this
is
their
first
project
in
this
marketplace,
they
are
not
new
to
affordable
housing.
They're
very
experienced
in
that
regard,
and
so
they've
been
really
great
partners,
thus
far
so
I'm
happy
to
have
them
here.
K
B
L
Okay,
so
we'll
run
through
the
presentation,
a
little
feel
free
to
ask
questions
during,
but
I'm
only
gonna
take
about
five
or
ten
minutes
to
do
this,
and
then
you
can
ask
questions,
but
for
those
of
you
who
don't
know
us
well,
we've
been
in
business
for
25
years,
we're
one
of
the
largest
development
companies
for
of
affordable
housing
in
the
country.
We've
done
about
completed
about
75
projects.
Most
all
of
our
projects
are
affordable
housing
projects.
Many
are
mixed
income.
L
I
L
L
So
the
projects
190
units
of
mixed
income
housing
will
go
through
the
income
mixes
in
a
little
bit.
We
have
activated
the
paseo
that
will
open
the
street
from
State
Street
through
to
home,
really
almost
through
to
Edison,
but
certainly
to
Floral
there'll,
be
23,000
square
feet
of
commercial
space
about
a
hundred
units
of
subterranean
parking.
There
will
be
some,
maybe
15
or
so
spaces
of
parking
on
on
grade.
L
Just
to
give
you
an
idea
of
the
way
we
look
at
things.
You
know
we
have
studied
everything
that
was
around
the
area,
what
the
views
were
access
through
to
public
transportation
and
that's
presented
in
this
slide
here
as
it
is
in
their
packet.
It
is
so
you
send
your
packet
just
to
give
you
an
idea
of
what's
happening
in
the
in
the
district.
When
we
do
this
in
part,
because
when
we're
trying
to
conceive
what
the
commercial
component
would
be,
we
want
it
to
link
to
some
of
the
other
uses
there.
L
There's
a
big
Arts
District.
So
one
of
the
things
we've
done
is
brought
in
an
organization
that
does
arts
programming
for
low-income
children.
We
and
then
identified
a
operator
that
would
activate
the
street
with
a
food
court
concept,
but
also
what
they
do
that's
very
different.
Is
they
do
programming
of
activities
and
concerts
banquets,
all
sorts
of
things
that
will
create
energy
and
activity
on
the
street?
L
These
are
some
renderings.
One
of
the
things
that
you
asked
for
was
unique
architecture
and
I
think
this
is
particularly
important.
It
isn't
it
is
to
us
I
know,
but
when
you're
creating
affordable
housing
in
the
downtown
of
Salt,
Lake
I
think
you
want
it
to
be
a
constructive
asset,
and
this
will
be
I,
don't
think
it'll
be
discernible
from
other
buildings
that
are
being
done
there,
but
yet
it'll
provide
something
that
is
quality
architecture
that
will
be
an
asset
to
the
street.
E
E
L
L
This
is
the
view.
I
get
my
directions
mixed
up,
but
in
west,
from
where
the
paseo
of
the
paseo
from
the
kramer
house
right
yeah
on
the
paseo,
and
that
will
be
where
a
lot
of
the
activities
will
happen.
We'll
have
concerts.
There
will
have
other
sorts
of
markets
and
activities
that
will
go
on
programmed
bases,
and
this
is
the
view
actually
from
the
Art
Center
from
the
film
Center,
whom
we're
talking
to
to
try
to
integrate
their
activity
on
back
onto
the
into
the
Paseo,
so
that
we
create
more
energy
into
that.
That
area.
L
Like
I
mentioned,
the
affordable
housing
projects
are
predominantly
financed
with
long
housing.
Tax
credits,
those
have
been
secured
they
represent
about
25%
of
the
existing
project,
will
use
tax
exempt
bond
financing
financed
through
some
through
HUD
and
some
through
Fannie
Mae.
That
will
for
each
of
the
projects
that
will
be
another
30
percent
of
the
project
and
part
of
the
NOFA.
The
part
of
the
project
was
you,
let
I
think
you'd
already
approve
two
million
dollars
to
the
project
and
we
have
secured
several
other
sources
of
financing.
L
I
took
a
hard
look
at
the
public
benefit.
Obviously
this
is
an
extraordinary
project
in
a
lot
of
ways,
but
in
terms
of
public
benefit,
there'll
be
the
Paseo
which
is
a
bit
which
will
be
a
basically
a
urban
park.
Parkway
the
Kramer
house
will
be
preserved.
The
idea
at
this
point
is
to
have
a
restaurant
there.
It
will
also
be
an
occupied
unit
on
the
only
upstairs
floor
commercial
space
about
23,000
square
feet
of
personal
space.
L
Obviously,
that
will
be
generate
economic
activity
and
then
there'll
be
subterranean
parking,
I
believe
one
story
of
substrate
and
parking
at
this
point,
which
is
about
a
hundred
units
of
parking.
It
represents
just
under
six
million
dollars
of
public
benefit.
Just
so
you
know
we
didn't
just
put
come
up
with
its
numbers.
The
RDA
staff
I
think
really
was
responsible
for
calculating
it.
I
know
you
know,
developers
somehow
can
manipulate
the
numbers
a
little,
but
we
we
didn't
do
that
in
this
case.
L
This
gives
you
an
idea
of
the
income,
the
targeted
income
by
unit
size
and
by
household
income.
The
you
know
the
most
compelling
and
you'll
see
what
ranges
from
twenty
percent
area
median
all
the
way
up
to
unrestricted,
there's
thirty
eight
unrestricted
units
and
then
a
whole
consorted
whole
grouping
of
targeted
income
levels.
Our
property
managers
not
going
to
be
particularly
happy
with
having
to
do
this,
but
that's
going
to
be
their
problem.
L
We
do
have
some
larger
units,
there's
thirteen
three-bedroom
units
and
there's
52
two-bedroom
units.
So
this
will
have
the
opportunity
to
satisfy
some
need
for
families.
I
want
to
live
in
the
downtown
I
thought
it
was
really
interesting,
and
you
know
Whitney
got
this
information.
If
you
see
out
where
it
says,
affordable,
resident
examples
of
exactly
who
can
live
here
and
we
we
went
and
looked
at,
who
the
cashier
at
Harmons
grocer,
making
about
twenty
thousand
dollars
a
year
could
4.4
to
30
percent
unit.
L
L
The
RTR
participation.
What
we're
in
front
of
you
is
an
ask
of
about
it's
about
six
million
dollars
of
loan
proceeds.
Two
million
dollars
of
additional
have
already
been
approved
and
I
think
you
purchased
the
land
and
you're
out
that
your
expenses
for
tearing
it
down
brought
your
total
cost
to
about
five
million
dollars.
L
That
could
pay
back
the
loans
within
30
years,
which
will
be
the
term
of
the
loan
and
the
loans
themselves
will
carry
an
interest
rate
and
they'll
be
they'll,
be
collateralized
by
the
buildings,
and
we
already
went
over
the
public
benefits
timing
of
the
project.
We
have
tax
credits,
tax
credits
will
be
2019
tax
credits.
The
building
has
to
be
placed
in
service
by
December
of
2021
under
the
law
right
now,
it's
a
20
month
schedule
to
complete
this
building,
because
it's
a
it's
a
tight
construction
and
it'll
be
a
difficult
construction.
L
So
we're
already
a
little
bit
behind
schedule.
We're
gonna
we're
starting
the
architects
to
move
and
obviously
you'll
have
to
approve
they'll
approve
the
loan
next
month.
But
then
we
will
get
started
in
earnest,
even
even
faster
but
times
of
the
essence,
to
make
sure
that
we
get
this
project
done.
Unfortunately,
with
tax
credits,
it's
all
or
nothing
if
you
don't
place
it
in
service
by
you
know
in
July,
but
I
mean
in
December
of
2021.
G
L
Building
is
the
one
with
the
big
time
timeline,
so
the
building
to
the
right.
Okay,
that
has
the
nine
percent
credits,
so
that
has
to
be
the
one
placed
in
service
by
December
of
2021
the
timeframe
to
build
that
I
think
is
16
to
18
months.
So
we
do
have
some
latitude
there.
The
bigger
building
will
take
20
to
22
months
to
build
so,
but
that's
the
biggest
issue
is
the
smaller
building.
C
E
L
Thank
you
at
this
point.
The
architecture
will
take
about
six
months
permitting
process.
I'm
told
take
six
months,
we'd
like
to
hope
that
we
can
accelerate
that
a
little
bit,
so
any
help
that
you
can
give
would
be
appreciated,
but
so
we're
figuring
that
if
we
get
it'll
be
about
a
year
from
now
to
get
started
in
the
ground
and
then
completed
by
the
end
of
2020,
one
eye
open
for
questions.
G
L
That
was
this
one
right
here.
What
we're
over
asking
for
is
three
components
of
a
loan.
It'll
be
approximately
the
13
million
dollars
of
total
loans
from
the
RDA
there's
three
components:
one
is
the
land
which
is
the
seller
note
that
land
is
at
five
million
dollars,
I,
believe
you
paid
four
million
for
it:
four
million
one,
twenty
five
four
million
and
the
the
cost
of
demolish
wasn't
quite
a
million
dollars,
but
with
other
holding
costs
and
whatever
I
think,
we've
sort
of
agreed
on
a
targeted
number
of
five
million
dollars.
L
So
that's
your
out-of-pocket
costs
that'll
be
alone
against
the
project
and
we'll
be
paid
back
over
the
thirty
years.
Two
million
dollars
has
been
approved
already.
The
same
thing
would
be
alone
on
the
project
to
pay
back
at
a
cash
flow
over
30
years
and
we're
asking
for
additional
funds,
so
that
will
also
be
alone
and
lien
against
the
property
and
paid
out
of
cash
flow
got.
L
B
I'm
really
excited
about
this
project.
I
I
think
there's
always
been
some
skepticism
or
there
seems
to
be
skepticism
about
how
truly
affordable
deeply
affordable
and
market
rate
can
can
be,
can
live
together
in
harmony
and
I.
Know
that
you
and
brynn
sure
have
experience
in
this
throughout
the
country,
and
I
am
excited
that
we're
going
to
get
some
of
that
here
and
be
an
example
here
in
Salt
Lake
City
of
how
that
can
really
work
and
I
I
I
love
this
project.
E
Question:
I'm,
sorry,
I'm,
sorry,
I'm,
a
little
sick
today,
so
I'm,
sorry,
if
I
missed
it
and
we
when
we
met,
you
were
talking
about
that.
You
were
in
talks
with
a
Salt
Lake,
Film
Society
and
the
theatre
there
to
potentially
put
an
you
know
an
entrance
in
the
back,
so
it
would,
it
would
be
a
second
entrance
for
them.
Is
that
still
happening?
Are
you
guys
still
talking
about
it?
It
is,
and
actually
we
have
a
meeting
with
them
tomorrow
and
their
architect.
E
So
the
woman
who
runs
the
film
Center
is
actually
talking
to
the
building
owner
next
door,
who
who
would
have
to
be
that
the
one
to
actually
make
the
change
but
she's
had
some
very
positive
feedback
from
them,
and
they
are,
you
know,
supporting
her
at
this
point,
but
they'd
like
to
see
a
design
and
see
what
it
would
really
take
to
make
it
happen.
So
the.
L
Idea
would
be
their
main
entrance.
I
think
this
is
what
we're
talking
about
right
now.
Their
main
entrance
would
be
up
the
alley
from
floral,
and
then
they
could
overflow
into
that
space
there,
so
that
they
could
have
an
outdoor
space
in
the
summertime
and
people
could,
you
know,
put
heating
lamps
and
whatnot
in
other
times
of
the
year,
so
that
it's
more
festive
as
they
enter
the
the
movie
theater.
J
L
It
depends
okay,
it
depends
on
the
market
and
who
you're
targeting
we.
We
often
have
larger
family
units
for
the
first
20
years
of
our
development.
That's
all
that
was
asked
for
three
or
four
bedroom
units
everywhere.
It's
changing
in
large
part
in
many
parts
of
the
country
that
the
the
mix
for
family
units
is
closer
to
twos
than
they
are
threes
and
fours.
So
we're
sensitive
to
that
in
different
markets.
L
There's
different
issues
when
you
have
large
units
with
a
lot
of
kids,
so
you
know
you're,
usually
sensitive
to
those
those
sorts
of
things
here.
There
won't
be
a
lot
of
kids,
I
mean
there's,
there's
plenty
of
two
bedrooms
and
there's
there'll
be
some
threes
and
fours.
There's
not
that
that
big,
an
issue,
but
we've
had
success,
doing
this
in
many
different
markets.
Okay,
it's
but.
J
L
Will
be
community
spaces
and
in
the
project,
so
there
will
be
some
areas.
We
haven't
fine,
we
haven't
finalized
the
fitness
area,
but
we'll
press
since
there'll
be
kids,
we'll
probably
try
to
figure
out
some
area
for
them
to
do
something
in
there.
There
is
a
little
outdoor
space
that
we
can
program,
and
so
those
those
there'll
be
a
few
things
that
will
come
we'll
accomplish
or
otherwise
and
then
the
music
program
that
will
be
how
come
are
part
of
one
of
our
commercial
spaces,
which
is
free
to
them
in.
J
The
context
of
a
broader
discussion
in
the
city,
where
a
lot
of
our
development
downtown
is
very
much
focused
on
singles
couples.
It's
not
get
friendly
at
all,
I
mean
it's
not
a
bad
thing.
It's
just
we're
not
really
in
Tison
families
to
come
back
downtown
frankly
to
live
so
I'm
impressed
by
that
couples.
Specific
design
questions,
the
paseo
is
that
covered
on
the
first
level
or
second
level.
It's
open
to
this
guy
right
and
there's
an
entrance
to
the
South
Tower
from
Paseo,
but
not
to
the
North
Tower.
L
So
that
that's
another
thing
to
activate
the
Paseo,
so
they
can
open
up,
they
could
potentially
show
their
wares,
and
so
that's
that's
part
of
the
activation
of
the
West
South
building.
Ok,
sorry,
my
directions
are
not
great
sometimes,
and
there
is
entrance
to
the
larger
building,
but
most
of
the
main
entrances
to
the
building
they'll
be
ancillary
entrances
to
the
east
of
there
most
office
district.
We
want
that's
where
the
activity
is.
My.
J
Last
question
for
the
era:
ta
staff
is
in
discussions
and
the
perimeter
of
this
development,
especially
to
the
east
floral
Street
around
Kramer
house
right
now,
there's
a
lot
of
vacant
parking
area
there.
What
the
discussions
like
for
property
owners
in
that
vicinity,
because
I'm
looking
at
a
dead
end
and
flare
off,
Laurel,
Street
now
and
the
dead
end
and
the
alley.
But
how
does
the
parking
work
at
this
point?.
J
L
Actually
we're
talking
about
having
the
automobiles
come
through
the
alley
and
we
may
use
some
of
that
space.
That's
green!
There
yeah
it's
parking.
Okay,
it's
still!
It's
still
trying
to
figure
it
out.
Somebody.
It
all
depends
on
what
happens
with
the
Film
Society,
whether
we
can
use
it
temporarily,
whether
it's
just
service
space
but
we're.
J
Unsure
so
my
question
is
going
forward:
is
you
getting
your
design
more
and
more
adjacent
property
owners,
particularly
to
the
east
there?
How
are
they
being
integrated?
What
are
their
long-term
plans?
How
is
that
going
to
fit
together,
for
this
I'll
make
a
big
sense
different
on
that
used
to
Exeter
that
sale
I
will.
L
C
I
would
add,
I
think
I,
think
there's
a
vehicular
access
and
easement
that
runs
north.
All
the
way
to
second
South
I
can't
speak
to
how
that's
formalized,
if
that's
an
official
use
mint
or
if
that's
just
a
function
of
that
parking
lot.
I
haven't
had
any
conversations
with
the
property
owner
to
the
north.
I.
Think
to
your
point,
that's
probably
something
worth
understanding
if
they
have
any
future
plans
for
that
parking
lot.
C
I
suspect
they'd
be
the
first
to
tell
us
that
they're
looking
forward
to
us
doing
something
with
what
is
previously
fenced
off
and
an
eyesore
so
but
I
think
to
your
point.
You
raised
a
good
a
question
of
it's
probably
worth
reaching
out
to
them
and
see
if
there's
anything
that
maybe
we
can
or
should
be
looking
at
as
part
of
this
project
that
would
incorporate
with
what
they
may
want
to
do
in
the
future.
It's
a
good
opportunity.
G
Thanks
on
the
tails
of
my
Andrew
was
saying:
I.
On
the
one
hand,
I
think
this
is
awesomely
situated
with
a
mid-block
crossing
to
the
Galvin
Centre,
for
families
to
have
basically
park
space
right
outside
the
front
door
and,
on
the
other
hand,
when
you're
I
think
I
encourage
you
to
when
we
talk
again
about
that
amenity
connection,
those
opportunities,
whether
they
are
parking
or
they're,
they're,
more
programmed
space
or
really
it's
another
word
more
Plaza
like
spaces.
G
The
green
areas
on
the
map
there
that
as
a
mother
of
three,
if
there
was
a
place
where
we
could
just
come
down
the
elevator
and
step
out
the
door
and
there's
a
great
place
to
hang
out,
it
would
be
used
like
crazy,
and
that
creates
a
really
unique
set
of
eyes
on
what
could
be
otherwise
occupied
by
less
than
favorable
conditions.
So.
L
E
G
G
B
E
Do
support
you
know
on
this
call,
it's
the
the
biggest
draw
that
we
have
right
now
in
district
for
at
least
the
ones
that
live.
Essentially,
it's
the
library
but
having
this
type
of
amenities
would
be
very
well
liked,
welcomed
by
a
lot
of
families
that
are
here,
and
they
don't
have
that
many
options
for
their
kids
me
having
three
stepchildren.
When
you
know
they
come
over.
The
libraries
where
we
hang
out
with
all
the
Leonardo
so
I
would
I
would
encourage
you,
I
thought
to
can
see.
There
is
something
like
that.
We'll.
L
E
B
Been
saying
it
for
the
last
year
and
a
half
at
least
right
anyone
else,
wanna
say
anything.
I
just
wanted
to
say
also
to
Whitney.
I
really
do
appreciate
the
research
that
you
did
locally,
that
slide
about
the
wages
and
who
can
live.
There
brings
that
reality
to
it
of
like
Oh,
that's
what's
affordable
and
that's
what's
not
a
portable,
and
I
truly
appreciate
you
taking
the
time
to
localize
that
for
us
and
to
help
us
understand
what
we're
getting
and
how
awesome
it
is
that
we're
getting
it.
B
K
K
G
L
D
B
That
thank
you,
our
next
agenda
items
we
it's
a
little
bit
early,
so
I
don't
know
if
Jason
is
here
he's
on
his
way:
okay,
let's
kind
of
skip
the
board
appointment
for
right
now
and
just
see
if
there's
any
anything
from
the
executive
director,
Oh,
Jason,
hi
great.
We
won't
skip
you
so
we're
going
to
do
a
board
appointment
at
this
time
and
thank
you
for
joining
us
Jason.
K
First
of
all,
thank
you
for
having
me
my
name
is
Jason
head
I've
lived
in
Salt
Lake
City
for
three
years:
I
moved
here
from
Chicago
I
was
born
and
raised
in
Chicago.
I
did
spend
a
little
bit
of
time
in
my
early
20s
in
Arizona,
but
you
know,
got
the
fever
for
the
big
city
again
and
moved
back.
I
I
left
Chicago
to
come
here
to
trade.
You
know
big
tall
buildings
for
big
tall
mountains
and
I.
Don't
regret
it
at
all.
K
So
I've
been
involved
in
construction
in
real
estate
development
ever
since
having
come
from
Chicago
I
love,
the
urban
environments,
I
love
design,
Chicago's,
of
course,
world
renowned
for
its
architecture
and
design,
and
now
that
I
have
deeply
fallen
in
love
with
Salt
Lake
City
I
want
to
play
a
part,
and
but
whatever
small
way,
and
you
know
having
it
helping
it
grow
into
the
future.
I
definitely
have
a
lot
of
ideas
of
how
Salt
Lake
City
could
grow
and
improve
and
in
in
terms
of
its
urban
environments.
But
that's
why
I'm
here
today.
I
K
B
Is
and
thank
you
Jason
for
being
here,
you
know
the
Advisory
Committee.
As
you
see,
we
get
really
excited
about
cool
projects
and
it
starts
with
those
cool
projects
being
vetted
by
awesome,
Advisory
Committee
that
can
can
you
know,
weed
out
the
not
so
cool
projects
and
bring
us
the
real
cool
shiny
stuff,
because
that's
what
I
like
right
and
and
so
it's
important-
that
your
role
is
important
and
we
look
forward
to
to
having
you
so
thank
you
for
taking
your
time
and
energy
to
place
it.
B
B
B
Wanted
to
say
thank
you
jet,
like
I,
said
before.
Thank
you
to
everyone
who
has
worked
with
us
through
this
budget
and
gotten
us
to
through
all
of
it
and
answered
our
questions
and
and
been
able
to
really
sit
at
the
table
and
and
move
forward.
I
fell
in
love
with
the
RTA
the
the
moment
that
I
became
a
council
member,
because
I
saw
other
cool
opportunities
and
work
that
was
being
done
and
was
just
like
man.
I
want
to
be
a
part
of
that
and
I.
B
Thank
all
of
you
for
letting
me
be
a
part
of
it
in
this
way
and
for
kind
of
having
this
relationship
where
we
and
trust
each
other
and
and
work
together,
even
when
we
don't
always
agree
but
can
sit
down
and
talk
and
I,
just
really
appreciate
that
that
ability
and
collaborative
nests
that
we
have
and
thanks
to
all
of
the
RDA
staff,
for
putting
up
with
me
because
I
know
it's
not
easy.
But
I
do
want
to
say
whoever
came
up
with
today's
agenda
man.
D
I
Want
to
thank
you
as
well
for
being
so
nimble
and
transparent
through
this
whole
budget
process
and
through
the
budget
amendment,
it's
been
a
lot
of
work
and
I.
Think
everything
for
me
has
been
clarified,
making
it
a
lot
easier
for
us
to
see
how
clearly
we
need
to
move
things
forward
and
be
transparent
and
nimble.
Thank.