►
From YouTube: Redevelopment Agency (RDA) of Salt Lake City - 5/19/2020
Description
No description was provided for this meeting.
If this is YOUR meeting, an easy way to fix this is to add a description to your video, wherever mtngs.io found it (probably YouTube).
A
B
B
Although
we
have,
the
state
has
lowered
our
level.
Salt
Lake
City
is
still
at
orange
and
we
want
to
just
encourage
everyone
to
continue
all
of
the
safe
practices
that
we've
been
involved
in
and
engaged
in
over
the
last
few
months,
because
we,
it
really
is
important
that
we
stay
safe
and
healthy
through
these
difficult
times.
B
While
we
continue
to
this,
but
we
know
that's
difficult
and
we
know
sometimes
it's
frustrating
but
we're
with
you
and
if
there's
anything
that
we
can
do,
please
reach
out
to
any
of
us,
the
mayor
as
well,
and
we
will
address
those
concerns
and
we're
with
you
in
this
fight
because
we're
all
in
our
homes
too.
So
thank
you
for
that
and
I
do
also,
as
always,
want
to
continue
encouraging
people
to
reach
out
to
us.
B
Although
we're
doing
things
remotely,
we
certainly
don't
want
our
democratic
process
or
the
business
of
the
city
to
be
halted
or
stopped
anytime,
and
we
encourage
you
to
reach
out
in
any
of
the
number
of
ways
that
you
that
you
can
and
with
that
you
can
write
us
who
hasn't,
who
doesn't
love
letters,
these
types
of
this
time
of
pandemic.
So
you
know
your
pen
and
paper
and
write
us
a
letter.
B
You
can
send
it
to
peon
box
one
four,
five:
four:
five:
five
in
Salt
Lake,
City
and
zip
codes,
eight,
eight,
four
one,
one
four
and
that's
to
the
RDA
offices.
Of
course
you
can
email
any
one
of
us.
You
can
email
me,
you
can
email,
council
comments
or
RDA
staff,
as
well
with
a
comments
or
questions
about
our
RDA
business,
and
certainly
right
now
is
we're
in
budget
season
about
the
budget
or
concerns
you
may
have
with
as
we
go
forward
with
this.
B
D
B
Okay,
well,
we
are
gonna
keep
just
because
of
the
different
nature
of
things
right
now,
I'm
happy
to
take
comments
later
on.
If
somebody
does
log
in
or
try
to
attend
and
want
to
say
something,
we
can
always
switch
things
around
a
little
bit
if
somebody
who,
logs
in
a
little
bit
later
and
just
interrupt
me
and
we'll
figure
out
a
good
time
for
them
to
be
able
to
be
hurt
by
the
board.
Thank.
D
D
C
A
B
A
B
A
B
A
B
B
F
G
Thank
You
Jen,
madam
chair
members
of
the
board,
on
behalf
of
our
DA
staff,
Department
of
Economic
Development
and
mayor
Mendenhall,
I,
appreciate
the
opportunity
today
to
discuss
and
present
our
budget
I.
Think
cindy
has
this
teed
up
with
the
PowerPoint,
so
we
have
a
fairly
simple
presentation.
Madam
chair
I'll
defer
to
you
at
any
time.
If
anyone
has
any
questions,
I'm
happy
to
take
them
or
if
you
want
to
save
them
all
to
the
end,
whatever
the
board
prefers.
So
with
that
being
said,
any.
B
B
G
You,
okay,
real
real,
simple,
we'll
go
through
this
cindy
next
slide.
Please
we've
broken
our
budget
into
three
sections
and
highlights
breakdown
of
the
budget
and
key
changes.
Our
first
part
is
just
covering
the
highlights.
The
main
thing
we
wanted
to
really
present
to
the
board
this
year
is
a
recap
on
the
loans
that
we
have
done
over
the
past
fiscal
year.
G
We
are
currently
working
on
projects
that
incorporate
the
preservation
of
two
historic
buildings
in
terms
of
the
Jackson
apartments
on
block
67,
as
well
as
the
Cramer
house
as
part
of
our
State
Street
project
and
seven
of
our
projects
are
within
a
third
mile
of
a
track:
stop
supporting
Smart,
Growth
and
transit
oriented
development
next
slide.
Please
this
slide.
We
wanted
to
show
kind
of
a
breakdown
in
further
detail
of
that
leveraging
for
each
of
those
ten
loans.
G
What
you
see
here
is
a
graph
showing
on
the
left,
the
number
that
represents
the
agency's
contribution
and
then
on
the
right.
The
contribution,
the
non
agency
contribution,
which
would
then
make
up
the
total
project
cost
so
you'll
see
that
West
End
in
central
ninth,
the
RDA
investment,
was
slightly
higher.
We
took
a
larger
role
in
the
funding
of
those
projects,
but
the
other
end
projects.
I
thought
was
interesting
to
demonstrate
that,
for
the
most
part,
we're
doing
a
fairly
good
job
of
leveraging
our
funds
with
private
investment
and-
and
so
that's
what
that's.
G
G
You'll
recall
that
we
approved
a
sellers
note
that
was
financed
over
the
life
of
the
project,
so
we
included
that
as
part
of
the
loan
calculation
in
total,
we
are
proposing
funding
of
811
units
over
half
of
those
which
are
affordable
and
120
represent
for
sale
product
units,
so
I
wanted
to
provide
that
breakdown
here
next
slide.
Please.
G
Over
this
past
fiscal
year,
you'll
recall
as
a
board.
You
also
approve
two
significant
burse
Minh
agreements.
One
was
blocked,
sixty-seven
for
the
15
million
dollars
or
the
West
Quarter
project,
and
then
the
other
was
the
20
million
dollars.
Northwest
quadrant
allows
sea
tax
increment
reimbursement
for
with
our
project
area.
I
wanted
to
note
on
these
that
the
15
million
in
the
28
million
are
the
caps.
G
G
We
have
the
Japan
town
visioning
process,
as
well
as
the
West
Montrose
RFP
is
actively
being
marketed,
and
then
we
celebrated
two
groundbreakings
over
the
last
year
and
spy
hop
and
the
Charlie
condominiums
at
the
old
taffy
town
building.
Oh
next
slide,
please,
okay,
just
to
discuss
the
budget
breakdown
next
slide.
G
This
slide
represents
the
tax
increment
revenue
trends
that
we've
been
experiencing,
as
the
agency
I
want
to
point
out
with
this
slide
that
in
2019
you
see
that
we
have
a
significant
increase
and
then
in
2020
we
are
projecting
a
lower
amount.
The
reason
for
that
is
between
the
years
of
2013
and
2019.
These
figures
represent
the
actual
amount
of
tax
increment
received
by
the
agency,
whereas
the
2020
projection
represents
just
a
small
two
percent
increase
over
what
we
were
projecting
in
our
current
budget
year
as
part
of
the
original
budget
approval.
G
G
G
This
is
a
summary
of
the
breakdown
of
our
budget.
I
think
it's
important
to
note
that
the
total
RDA
budget,
as
it
represents
within
the
mayor's
proposed
budget
book,
is
54
million
dollars,
however,
really
only
represents
about
44
million
in
new
revenue.
The
the
other
10
million
represents
interfund
transfers,
either
between
CBD
and
Echols,
or
the
project
area
funds
to
housing
or
administration.
G
G
D
G
G
And
then,
looking
at
our
budget,
the
the
7.7
million
that's
available
for
project
allocations.
This
just
provides
a
overview
of
a
breakdown
of
how
we've
proposed
to
spend
that
you'll
see
that
we've
got
1.1
million
going
for
new
loans.
That
would
primarily
be
commercial
loans
and
then
below
that
you'll
see
that
about
51%
or
just
under
4
million
is
being
proposed
for
housing.
That
is
a
combination
of
our
own
1.4
million
in
tax
increment,
as
well
as
the
2.6
from
blending
our
future
funds
for
the
city.
B
G
G
B
G
You're
right,
it
depends
on
the
source
that
1.1
is
actually
split
between
two
allocations:
250,000
from
CBD,
which
would
need
to
be
spent
within
CBD,
and
then
the
balance
is
actually
coming
out
of
the
revolving
loan
fund
and
so
that
money
can
then
be
spent
in
any
project
area
for
any
loan
purpose.
Alright,
thank
you,
yep.
G
Cindy's
reading
my
mind,
perfect.
So
just
keep
all
our
budget
this
year,
along
with
a
lot
of
the
rest
of
the
city
general
find
we've
kept
it
pretty
consistent
with
where
we're
at.
As
I
said
earlier,
we
were
extremely
conservative
in
our
tax
increment
projections.
You'll
you'll.
Remember
that
as
part
of
budget
amendment
3
and
budget
amendment
for
those
were
fairly
significant
adjustments
to
the
tax
increment
that
we've.
G
We
are
hopeful
that
that
continues,
but
for
budget
purposes
we
felt
it
was
much
better,
especially
now,
with
pandemic,
to
remain
conservative
in
what
we
received
as
increments.
So
we
really
just
projected
2%
over
what
originally
it
was
proposed
in
last
year's
budget.
So
with
that
that
led
to
a
lot
of
our
project,
decisions
and
distribution
of
cash
can
be
extremely
conservative
and
remained
fairly
consistent
with
where
we're
at
last
year.
G
So
not
a
lot
of
big
key
changes
within
the
funds
and
so
just
to
highlight
some
of
the
ones
that
you
would
see
in
our
budget.
As
I
stated
just
a
second
ago,
we
are
proposing
$250,000
in
the
central
business
commercial
development
loan
program.
Again,
this
is
our
existing
loan
program
and
the
intent
of
this
allocation
is
just
to
focus
this
money
on
commercial
loans
rather
than
residential,
because
we
have
that
allocation
happening
already.
G
Wrapping
up
if
there
are
some
things
that
we
would
like
to
start
adding
funds
aside
for
it
to
do,
and
then
the
other
major
change
in
in
CBD
is
just
probably
what
represents
a
larger
than
normal
contribution
to
block
70
and
the
Echols
that
service
reserve.
You've
heard
us
talk
about
in
the
past.
That
is
part
of
the
debt
service.
On
the
Echo's
bond,
we
anticipate
a
few
years
where
we
will
be
short
in
terms
of
what
the
TI
generates
versus
what
the
debt
service
payments
are.
G
As
far
as
that
projected
debt
service
payout
or
the
the
reserve
payments
we
would
need
to
set
aside
in
future
years,
but
for
this
year
we
took
a
more
conservative
approach
and
did
a
significant
amount
of
transfer
over
to
Eccles,
just
to
kind
of
build
that
fund
up
a
little
bit
and
help
offset
what
we
anticipate
Cummings,
though
we
thought
it
was
better
to
set
it
aside
now,
until
we
really
understood
what
those
payments
need
to
be
rather
than
get
hit
in
the
future.
If
we
are
short
at
that
time,.
A
G
Two
to
three
percent
is
historically
what
we
have
contributed
and
we've
been
fairly
conservative
in
that
as
we
carry
it
from
budget
year
at
a
budget
year.
And
that's
that's
been
the
course
of
action
over
the
past
few
years,
because
our
total
tax
increment
has
been
a
little
bit
more
volatile
in
what
we
have
received.
And
so
we've
gotten
more
conservative
in
recent
years
and.
G
G
Yeah
I
think
for
where
we're
at
with
tax
increment,
what
and
and
two
things
I
would
point
out
on.
That
is
what
we
just
saw
with
the
actual
TI
that
we
received
for
our
current
fiscal
year.
We
feel
confident
that
we
probably
will
see
an
uptick
over
the
2%,
but
we're
being
conservative
with
that
and
then
too,
because
a
significant
amount
of
our
budget
is
based
on
whatever
TI
we
receive
is
what
we
then
turn
around
and
pay
out
to
the
taxing
entities
and
the
reimbursement
agreements
it.
G
G
G
G
F
F
So,
in
addition
to
the
capital
reserve
that
the
echos
theater
maintains
those
boom
years
that
it
has
the
first
two
years
of
opening
seem
so
long
ago,
where
they
kind
of
put
into
a
savings
account
have
a
full
year
of
operations
covered
before
they
need
to
come
back
us
for
a
new
operating
model.
Obviously
you
know
who
knows
if
it'll
be
a
whole
year
of
adjustments
for
theatres
like
it
could
be,
and
so
I
think
they're
evaluating
that
as
they
go
forward.
F
G
Carrying
through
some
of
our
other
project
area
funds,
West
Capitol,
Hill,
West,
temple
gateway
essentially
have
expired
in
terms
of
we
no
longer
collect
tax
increment
from
those
project
areas.
However,
we
still
have
a
balance
of
funds
for
projects
within
those
two
project
areas
that
we
are
still
working
on,
and
so
essentially,
what
you
see
in
those
budgets
is
just
whatever
interest
earnings
we
get
from
that
fund
balance.
G
G
There's
a
housing
project,
that's
happening
between
fifth
and
sixth
west
that
is
proposing
to
bury
the
power
lines
over
and
across
six
hundred
West,
and
that
transition
pole
would
either
be
right
at
the
agency
property
or
in
front
of
it,
and
so
Rocky
Mountain
Power
has
approached
us
and
they're
providing
us
numbers
of
what
the
potential
costs
would
be
of
just
carrying
that
under
grounding
essentially
another
three
to
four
hundred
feet
and
take
it
to
the
edge
of
the
project
agency,
property
and
just
buried
along
the
entire.
So
we're
working
on
that
Danny.
G
We
are,
we
are
waiting
on
Rocky
Mountain
Power,
to
wrap
up
that
study
and
we
hope
to
have
that
in
June,
and
this
is
also
the
property
we're
working
with
UTA
on
putting
out
on
the
market
in
the
summer.
So,
barring
these
power
lines
right
in
front
of
our
own
property
would
really
help
that
development
a
lot.
So
so
man.
E
Chair
Danny,
we
had
a
conversation
early
as
a
central
mine,
weight-bearing
power
lines
and
having
some
sort
of
protocols
and
assessing
when
we
would
do
it
when
we
wouldn't
is
that
still
in
process?
If
you
had
more
staff,
talk
about
that
and
have
anything
to
present
to
us
at
some
point,
it
may
impact
this
decision
as
well.
G
We
have
not,
as
agency
staff
when
we
had
that
conversation
internally,
I
think
that's
actually
a
larger
City
policy
question
that
probably
needs
to
be
tackled,
and
it
was
my
understanding,
that's
how
it
was
going
to
be
approached,
and
so
we
can
reach
out
to
the
administration
and
see
where
that
is,
and
if
that's
something
that
we
want
to
take
a
role
or
the
lead
on
we're
happy
to
do
that.
But
I
think
it
affects
more
than
just
RDA
properties.
G
To
answer
the
question
for
for
this
project,
I'd
say:
the
difference
here
is
with
central
9th.
We
were
looking
at
doing
that
for
the
neighborhood
and
for
two
you
know
a
couple
blocks
within
that
neighborhood,
whereas
this
we
see
is
a
direct
benefit
to
our
properties
prior
to
advertising
them
for
development
and
would
make
a
significant
increase
in
value
as
well
as
development
potential
for
our
own
property.
G
So
I
think
this
is
one
that
we
would
want
to
actively
pursue
and
and
I
would
agree
that
we
should
definitely
have
those
conversations
of
the
larger
city
policy
of
where
we
want
to
be
involved
with
undergrounding
of
power
lines
and
and
I'd
say
also
that
the
the
other
reason
this
appeals
to
us
is.
As
chairperson
fowler
said,
we
we
were
approached
by
Rocky
Mountain
Power,
because
the
increased
cost
to
us
would
be
much
less
simply
because
they
were
already
doing
this
for
the
larger
project.
G
Okay,
the
only
other
key
change
on
this
slide
is
we
are
proposing
to
put
in
additional
400,000
in
our
adaptive
reuse
program.
We've
had
a
few
projects
that
approach
this
over
the
past
fiscal
year,
none
that
have
necessarily
submitted
applications,
but
there
is
still
a
lot
of
interest
in
this
program
in
the
grainery
district,
and
so
we
felt
that
was
our
the
best
use
of
these
funds.
For
now
and
obviously,
if
something
else
comes
up,
we
can
we
can
address
that
opportunity
at
the
time,
but.
C
C
G
G
North
Temple
project
area
same
thing,
looking
they
just
put
the
additional
funding
into
the
set-aside
for
the
catalytic
project.
You
recall
that,
as
part
of
the
discussion
with
the
board,
we
identified
three
potential
opportunities
for
that
catalytic
project.
First
is
enhancements
to
the
Folsom
trail
in
corridor
that
we're
currently
working
on
the
second
was
loans
and
and
targeting
those
loans
within
the
project
area,
and
the
third
is
potential
property
acquisitions
and
I
think
we
also
talked
about
the
Fair
Park
market
as
potentially
being
something
that
we
pursue
as
well.
G
G
C
F
Capital
projects
is
not,
it
doesn't
always
add
up
previous
years
of
funding,
and
so
it's
representing
the
amount
that's
being
allocated
for
the
current
fiscal
year.
In
most
cases,
in
some
cases
it's
a
little
bit
different,
but
capital
projects
is
a
little
bit
different.
We're
still
kind
of
working
our
way
through
kind
of
how
to
present
that
information.
But
that's
where
it's
useful
to
look
at
the
static
council
staff
reporter
on
page
six,
like
councilmember
top
times.
G
Our
nine
line
in
State
Street
project
areas
split
that
between
the
two
of
them
and
then
our
biggest
change
in
our
administration
budget
is
just
transferring
of
galvan
staff
to
the
RDA,
essentially
removing
public
services.
From
being
the
contractor
for
the
maintenance
and
programming
of
galavan,
we
would
take
over
public
services
staff
within
the
RTA
and
continue
to
run
galavan
as
per
the
contracts.
The
way
it's
been
run
over
the
past
25
years,
so
next
slide
I
think
is
our
final
one.
So
that
concludes
our
presentation.
G
D
D
G
H
Anthony,
the
one
thing
I
would
say
that
is
a
little
bit
different
is
this
switch,
does
put
the
RDA
in
the
business
of
service
delivery
and
that
that's
a
little
bit
different
I
mean
they
have
done
bits
of
that
in
the
past,
but
I
don't
know
over
time
if
that
will
be
better
or
if
they'll
find
it
to
be
more
difficult.
So
it
might
be
something
that
you
want
to
keep
keep
in
mind.
H
Maybe
you're
doing
it
on
a
test
for
a
few
years
or
or
something
like
that,
but
I
I
think
it
is
unique
and
it
could
be
then
that
other
project,
other
RTA
projects,
might
expect
that
the
RDA
staff
could
provide
services
there
too
I'm
thinking
of
that
the
9/9
south
project
there,
where
they
wanted
to
have
some
significant
services
provider,
provided
at
that
time
we
said.
Oh
look,
the
RDA
is
not
in
that
business.
B
C
You
have
a
question:
I
have
a
question
so
in
us,
as
it
is
right
now,
the
folks
at
admin
folks
for
events
and
then
maintenance,
it's
in
public
services,
it's
in
their
budget.
They
pay
for
it.
E
B
Right
there
questions
right
now
anyone
so
Danny
one
of
the
things
that
I
kind
of
brought
up
when
I've
had
small
group
meetings
with
finance
and
other
departments
regarding
the
budget
is
looking
forward,
not
just
this
year's
fiscal
budget
coming
up,
but
the
next
couple
of
years,
based
on
how
we
might
all
be
affected
by
this
pandemic
and
the
of
so
many
businesses
and
things
like
that
in
revenue
and
all
of
that
stuff.
So
I
am
one
it's
kind
of
looking
at.
B
G
Not
as
of
right
now,
we
we
did
a
90
day
deferral
which
essentially
takes
us
just
at
the
end
of
this
fiscal
year.
So
as
of
right
now,
we
are
not
proposing
any
further
referrals
or
offsets
in
lease,
but
if
that
is
the
case,
if
we
get
that
direction
or
offer
that,
then
that
would
potentially
impact
our
revenue
for
fiscal
year
21.
So
I.
B
If
we
need
to
do
anything,
it's
more
administrative
than
anything,
but
just
that
you
know
I
want
to
make
sure
we're
being
conscious
of
people
as
we're
kind
of
starting
to
reopen
to
allow
time
to
get
back
on
their
feet
completely.
So
you
know
we
need
to
which
again
I
think
it's
mostly
administrative,
but
just
to
kind
of
keep
us
in
the
loop.
If
that's
okay
do.
B
Awesome
I
don't
know
that
I
had
any
further
questions
regarding
the
budget.
Anybody
else
have
any
questions.
B
E
D
Jennifer
before
you
dive
in
also
Mayfair
reminded
us
a
little
bit
of
the
history
and
intents
that
were
made.
I
spoke
to
some
former
council
members
who
said
that
the
intent
was.
If
the
money
ever
exceeded
the
payments.
It
was
to
go
back
to
paying
the
general
fund
back
for
not
enough
funding
for
CIP,
so
that
kept
that
log
down-
and
this
is
just
kind
of
like
it
was
the
intent-
was
to
repay
for
a
history
of
going
out
on
a
limb
to
actually
create
this
project
area.
D
F
So
maybe
just
a
brief
brief
history,
the
general
fund
and
I
think
it
was
about
twenty,
eleven
or
twelve
decided
to
issue
bonds
to
shorten
the
North
temple
viaduct,
seeing
kind
of
a
future
potential
for
this
area.
If
you
guys
remember
what
it
was
like
before
the
viaduct
really
cut
off
that
intersection
and
made
it
so
that
the
what's
now
what's
the
Salt
Lake
Hardware
building
is
really
cut
off
from
the
Gateway
area.
It
also
enabled
the
tracks
line
to
be
be
run,
sort
of
up
and
over
north
temple.
That.
A
F
Off
or
just
not
funded
at
all,
and
so
one
of
the
thoughts
is
that,
given
that
the
general
fund
is
kind
of
tight
this
year,
and
given
that
this,
the
way
that
the
project
area
was
put
together,
it's
really
limited
in
terms
of
what
your
I
can
use
these
funds.
For,
so
it's
not
like
the
RTA
to
just
say:
hey,
let's
use
more
of
these
funds
for
the
administrative
budget,
those
were
capped
or
hey.
Let's
use
these
funds
to
transfer
into
pith,
because
that's
not
allowed.
F
So
unless
we
went
back
to
the
taxing
entities
and
had
those
agreements
changed
which
would
probably
cause
other
political
ripples,
maybe
I
don't
know.
This
was
one
of
the
options
that
was
again.
It
was
based
on
Carleton
Christiansen
was
the
council
member
at
the
time
for
district
1
that
sort
of
was
thinking,
but
that
could
be
the
idea.
That's
the
brief
history
and
member
Johnston's
point
I,
don't
know
that
the
bonds
can
be
paid
off
early
and
that
might
be
more
complicated.
F
B
F
That's
a
good
question:
I
think
it
would
have
to
be
a
board
decision
first,
but
then
obviously
that's
related
to
a
council
decision,
because
then
the
council
would
have
to
decide
to
accept
the
money
and
then
what
to
do
with
the
money
wants
you,
okay,
I
think
you
guys
could
work
together.
Just
you
know.
Thank
you.
Well,.
H
That
was
working
quite
well.
So
the
council
did
that
at
toward
the
end
of
the
budget
process.
Last
year,
we
weren't
sure
whether
to
go
ahead
and
move
the
fund
itself,
the
housing
trust
fund
in
its
entirety.
The
part
that
includes
the
repayments
of
loans
that
have
already
been
made.
We,
we
didn't
really
have
time
to
get
it
figured
out
and
we
thought
well.
If
the
test
doesn't
work
out,
then
we
just
have
to
move
it
back
again.
H
There
are
no
federal
restrictions
on
the
money
it's
entirely
flexible
in
in
terms
of
how
you
can
use
it
now,
but
it
has
its
roots
in
an
old
program
where
the
repayments
from
similans
came
to
the
city,
and
then
the
city
decided
to
create
a
couple
of
sort
of
legacy
revolving
loan
funds-
and
this
is
one
of
those
so
ana
revolving
loan
fund,
even
even
when
the
money
comes
in
slowly.
At
least
it's
it's
recirculating,
and
so
so
this
is
money.
H
The
money
that
RDA
puts
in
from
housing,
as
well
as
those
repayment
monies
from
their
revolving
loan
fund,
there's
a
bit
of
a
complication,
and
it's
it's
a
piece
that
I
think
you
can
deal
with
in
your
budget.
Opening
that
you'll
be
talking
about
on
the
26th,
and
that
is
that
hand
is
recommending
that
some
of
that
money
be
used
instead
of
for
loans
for
grants,
and
so
that
would
be
a
one-time
use
of
the
money
and
take
a
little
bit
out
of
the
overall
housing
loan
fund.
H
If
we
could
some
direction
on
whether
you
would
like
to
carry
through
with
keeping
that
loan
fund
intact
and
placing
it
in
RDA,
with
whatever
accounting
transfers
that
need
to
take
place
or
whether
you
would
like
to
have
that
money
stay
in
the
housing
and
neighborhood
division
and
I,
don't
know
whether
you'd
create
another
loan
program
or
whether
you
would
just
use
it
on
a
one-time
basis
for
programming.
So
if
you
could
Smith
yeah.
A
B
You
James
so
SUNY
appreciate
you
bringing
that
up.
I
think
maybe
I.
Also
everything
with
Cindy
and
and
this
intention
ear
was
to
move
the
whole
housing
trust
fund
to
RDA
and
I.
Think
you
know,
there's
been
well
actually
what
I'll
do
is
ask
Danny.
Can
you
give
us
an
update
on
how,
with
with
the
money
that
we
did
transfer
to
already
for
what
we
called
the
housing
development
trust
fund
so
as
to
not
be
quite
as
confusing,
although
rather
confusing
tell
us
a
little
bit
about
that
money
where
it
went?
G
Yes,
we
can
give
some
background
right
now
we
have
allocated
or
approved
1
million
dollars
of
that
and
the
rest
of
it
is
still
being
offered
on
basically
a
first-come,
first-served
basis.
We
have
a
couple
conversations
going
on
with
developers
who
are
interested
in
it,
but
as
of
now,
the
only
loan
that's
been
approved
is
the
diamond
rail
loan
with
a
million
dollars
and
that.
B
G
Correct
recall
we
did
the
the
policy
or
the
process
for
that
following
up
on
the
council's
resolution
and
intent,
which
was
to
basically
continue
the
process
as
it
was
on
a
trial
basis
and
those
would
go
to
the
Housing
Trust
Fund
Advisory
Board
prior
to
coming
to
you
as
the
board
for
final
approval.
So
and
we
coordinate
that
with
the
administration
and
and
in
terms
of
setting
up
the
transmittal
memos
and
the
meetings
and
everything
again.
B
Assume
you
mentioned
for
purposes
of
that
particular
money.
It
doesn't
make
sense
to
have
it
in
two
different
pots,
and
so
I
would
be
supportive
of
transferring
that
money
over
to
RDA
in
the
healthy
trust
fund.
That's
there
in
the
RDA
section
and
go
go
from
there.
I
think
that
would
be
my
overall
policy
preference
I.
Think
if
there's
a
question
about
for
this
year,
whether
there's
there
needs
to
be
have
some
of
that
money
for
mortgage
and
rent
assistance
that
we
might
look
a
little
bit
into
that.
But
it
was
an
overall
policy
I.
B
Would
it
makes
sense
to
me,
especially
as
as
the
process
and
everything
that
that
RTA
has
been
doing
and
as
Cindy
said,
expertise
level,
but
I
think
we
have
in
the
development
dollars
there
in
RDA
just
an
accounting
purposes?
What
makes
sense
to
move
that
money
over
to
the
RTA,
but
I
will
open
it
up
for
questions
from
other
board
members
and
go
from
there
Anna.
How.
C
Questions
I
think
yeah
I
agree
with
all
of
you
guys.
Life
doesn't
make
sense
to
have
the
different
transactions
in
two
different
departments
such
as
cabinet
one,
but
in
terms
of
the
potential
funds
that
we
might
need
for
emergency
for
for
mortgages
and
for
and
for
rent
I
would
like
to
understand
with
the
cares
Act
funding
that
the
city
might
get
for
housing
and
for
emergency.
How
how
we're
leveraging
or
do
we
need
a
portion
of
this
money
since,
if
we're
gonna
have
cares,
cares
act
money
so
I'm,
not
sure.
If
that
can.
H
B
Going
to
jump
in
and
make
a
suggestion
here,
we
are
over
time
for
the
RDA
meeting
and
I.
Don't
think
that
this
overall
policy
right
this
second
needs
to
be
answered.
I
think
we
can
bring
it
up
in
a
couple
of
weeks
or
before
the
final
budget
is
approved,
so
I
would
really
encourage,
hold
on
I'll,
get
seed
and
really
encourage
people
to
reach
out
and
have
small
group
meetings.
If
you
have
questions
so
that
we
can
address
this
again,
hopefully
at
our
at
our
next
meeting.
Damn
did
you
have
a
quick
question.
Thank.
G
It
doesn't
directly
affect
the
RDA
budget.
It
may
or
may
not
affect
the
level
of
development
going
on
in
the
city
and
therefore,
potentially
the
demand
for
RDA
funds,
but
I,
don't
think.
We've
ever
really
been
impacted
in
terms
of
the
projects
we
do
or
the
amount
of
money
we
can
distribute
based
on
the
occupancy
rate,
so
I
think
we're
we're
good
with.
However,
that
I
moved
the.
F
F
B
I
think,
with
that
what
we
can
do,
because
that
seems
like
a
question
that
may
need
to
be
answered
before
we've
analyzed
the
RDA
budget
is,
we
can
always
set
up
another
RDA
meeting
as
we've
done
in
other
times
and
through
other
budgets,
but
before
next
important
June
before
it
regularly
scheduled
meeting.
So
if
we
need
to
follow
up
on
a
couple
of
these
things
so
that
we
can
amend
the
budget
and
get
the
week,
we
can
figure
that
out
sooner
rather
than
later,
I
think
so.
B
A
B
Having
spent
some
time
with
your
staff,
I
I
know
how
much
they
truly
are
dedicated
to
the
residents
of
this
city
that
they're
dedicated
to
their
jobs
and
the
the
mission
and
the
goal
behind
RDA
and
really
raising
raising
up
communities
helping
everyone
within
those
communities
and
I
just
am
grateful
that
I
get
to
be
a
part
of
it.
A
little
tiny
part
of
all
of
the
amazing
work
you
guys
are
doing,
and
so
again
I
mean
23
million
dollars
in
housing.
It's
quite
a
feat
to
get
out
there.
So
thank
you.
B
D
B
B
E
B
G
Quick,
we,
we
are
part
of
this
process,
but
but
I
am
by
no
means
an
expert
on
on
it.
But
it's
my
understanding
that
the
reason
it
does
not
connect
to
the
Jordan
River
west
of
10th
West
is
because
the
city
does
not
own
the
easement
to
make
that
happen,
and
so
I
don't
know
what
the
status
is
of
trying
to
secure
that
he's
minh,
but
that
is
not
held
by
the
city
right
now.
G
B
A
G
Not
other
than
to
say
you
guys
are
very
generous
with
your
praise
of
me,
so
I
will
definitely
pass
that
on
to
staff
because
they
are
the
ones
who
make
everything
happen.
So
I
get
the
honor
of
sitting
here
representing
them
and
it's
a
great
honor.
So
thank
you
for
that.
But
I
will
make
sure
you.
Your
comments
are
heard
by
them.
So
thank
you.
C
No
just
to
to
say
what
you
guys
have
said
so
far:
I
mean
it's
amazing,
the
amount
of
work
that
you
guys
do
and
every
year-
and
this
is
my
second
year-
your
presentations
already
been
better
and
better
and
more
clear,
and
you
can
understand.
What's
going
on
and
I
hope
the
public
can
understand.
What's
going
on
as
well
as
I
look
at
your
PowerPoint
presentations,
and
so
it
gives
a
great
overview
what
standing
and
what
we're
gonna
do
for
the
next
piece.