►
Description
To view the agenda for this meeting please use this link https://slc.primegov.com/public/portal
A
A
A
A
B
Board
of
directors,
redevelopment
agency
of
salt
lake
city
today
is
february,
8th,
2022
and,
as
you
can
see,
we're
holding
our
meetings
remotely
still.
This
is
due
to
the
continuing
spread
of
covet
variants
in
keeping
variance
in
keeping
with
our
open
meeting
requirements.
I
will
read
the
following
statement.
B
B
B
We
are
accepting
your
comments
through
webex
and
for
those
whose
only
option
is
to
call
in
staff
will
be
monitoring
or
a
separate
telephone
line.
I
want
to
mention
our
rules
of
the
quorum.
These
are
guidelines
to
help
our
meeting
progress.
In
an
excuse
me,
these
are
guidelines
to
help
our
meeting
progress
in
an
orderly
civil
efficient
way.
B
We
will
move
through
the
agenda
and
want
to
give
everyone
the
opportunity
to
voice
their
opinion
and
without
feeling
intimidated
in
order
to
achieve
this
are
rules
of
the
current
begin
from
the
moment
you
arrive
into
our
meeting.
The
rda
work
respects
all
points
of
view,
and
we
welcome
new
insights.
B
Please
be
respectful,
avoid
yelling,
profanity
or
making
racial
slurs,
obscene
or
defamatory
remarks.
If
you
use
profanity
during
your
comment,
your
line
will
be
muted.
In
any
comments
that
reach
a
level
of
disrespect,
I
will
ask
that
you'll
be
muted
and
you
will
forfeit
your
opportunity
to
address
the
word
today
if
you're
not
able
to
complete
your
comments
this
afternoon,
you're
welcome
to
email
the
word
or
call
our
comment
line.
In
addition,
our
staff
will
request
for
your
name
during
the
registration
process
to
limit
disruption.
B
Your
name
cannot
include
a
message
or
violate
our
rules
of
the
quorum.
If
your
registered
name
doesn't
meet
this
requirement,
then
our
staff
will
use
the
chat
feature
to
gather
that
information
from
you,
taylor,
hill
from
our
staff,
is
helping
to
moderate
the
meeting
and
will
be
messaging
with
attendees
to
coordinate
on
any
questions
with
your
commenting.
Registration
staff
is
handling
a
number
of
tasks.
Please
limit
messages
to
technical
issues
and
minimal
changes
to
your
registration.
B
Taylor
will
be
calling
the
names
of
those
who
wish
to
comment
and
unmuting
lines.
When
taylor
and
mutes
your
line
and
lets
you
know
it's
your
turn,
please
state
your
first
and
indicate
the
topic
you're
speaking
on
and
the
two
minute
timer
will
begin
at
the
two
minute
mark.
We
will
announce
time
and
your
microphone
will
be
muted.
We
will
now
open
our
general
comment
period.
C
Chair
looks
like
we
do
not
have
anyone
here
to
speak
for
general
comment.
All.
B
Right,
thank
you
for
that
taylor
and
we
have
no
public
hearings
today.
So
moving
on
to
item
c1,
and
that
is
approval
of
minutes.
The
word
will
the
word
will
approve
the
mean
the
meeting
minutes
of
tuesday
june
9
2020.
C
C
B
Problem
thanks
for
clarifying
that,
I
wanted
to
make
sure
that
we
had
that
on
record.
So
I
will
ask
promotion.
D
B
Yes,
I
don't
it's
wharton
here.
B
He's
not
he's
absent
and
I'm
a
yes
so
that
passes
we're
moving
on
to
item
two,
which
is
a
resolution
repealing
and
replacing
the
housing
allocation
policy
follow-up,
and
we
will
receive
a
follow-up
briefing
and
consider
adopting
a
resolution
and
repealing
and
replacing
the
housing
allocation
funds
policy
and
at
the
table
we
have
alistair
roland
from
our
council
office,
danny
walsh.
They
are
the
aco
tracy
tran
rda
project
manager
and
lauren
parisi
rda
project
manager.
E
Thank
you,
madam
chair.
I
am
not
sure
if
tracy
and
lauren
are
actually
on
the
at
the
table
at
the
moment,
but
I'm
sure
danny
is
so
and
they
will
be
on
the
next
one,
just
just
to
refresh
your
memories
from
last
month.
I
wanted
to
remind
you.
E
This
is
part
of
the
housing
allocation
funds
policy,
which
was
adopted
by
the
board
in
2021,
and
the
proposed
revisions
that
danny
will
tell
you
more
about,
I
imagine,
are
to
incorporate
the
west
side
community
initiative
into
the
housing
allocations
fund
policy
and
also
add
some
other
revisions
related
to
broader
aspects
of
the
policy
I
do
want
to
mention.
Also
for
council
member
bowie,
I'm
sorry
board,
member
boy
that
no
wait
co-chair
poohy
vice
chair
puy.
E
E
The
board
may
wish
to
adopt
the
policy
in
question
today
and
danny
can
talk
about
some
potential
adjustments
based
on
january's
discussion.
There
are
a
few
policy
questions
in
the
staff
report
that
you
can
look
up
at
if
you
wish,
but
I'll
turn
it
over
to
danny.
F
Thank
you,
allison.
Thank
you,
madam
chair,
and
co-chair.
We,
our
chairperson,
yes,
I
believe
we
had
tracy
and
lauren
at
the
table
for
this
discussion
just
in
case
there
are
some
items
that
carry
over
to
the
next
item,
but
I
will
be
handling
the
bulk
of
the
the
discussion.
F
This
is
a
follow-up
briefing
on
what
was
originally
brought
to
the
board
back
in
september
as
an
initial
discussion
on
the
the
west
side
community
initiative
and
then
more
specifically,
to
your
january
18th,
meeting
where
we
first
presented
it
as
part
of
a
resolution
requesting
and
approving
the
repeal
and
replacement
of
our
housing
allocation
funds
policy,
primarily
as
far
as
the
policy
itself,
it
did
put
in
place
some
of
the
higher
level
goals
and
direction
that
we
received
from
the
board
that
we
felt
applied
to
all
the
housing
funds
and
then,
specifically,
it
renamed
the
northwest
quadrant
fund
into
the
westside
community
initiative
fund
and
then
carried
forward
into
that
the
priorities
and
the
direction
that
we
had
received
from
the
board.
F
As
far
as
the
goals
and
objectives
for
that
fund,
I
believe
we
provided
that
powerpoint
presentation
from
last
month.
If
there
are
any
details
of
that
that
the
board
would
wish
to
get
into,
and
I'm
happy
to
provide
any
additional
details
or
answer
questions
that
the
board
may
have
as
part
of
this
discussion.
So
I
will
open
it
up
the
board
as
part
of
that
and
whatever
anyone's
appetite
is
for
getting
into
the
details
or
any
questions.
B
G
I
think
more,
my
questions
now
are
more
procedural
and
how
it
works
once
we're
in-house.
So
I
think
I've
got
the
right
places
to
ask
those
questions.
B
Great
anybody
else.
H
Just
because
the
words
always
confuse
me,
what's
it
called
when
we
do
that
thing
where
there's
like
all
of
our
goals,
and
we
talk
about
how
we
want
to
allocate
the
money
each
year.
F
Yes,
that
is
the
annual
housing
strategy
that
should
be
coming.
H
F
They
both
point
to
what
is
that
annual
housing
strategy,
wherein
you
as
a
board,
have
input
and
direction
on
what
our
overall
housing
goals
are
for,
specifically
what
the
budget
funding
requests
will
be
in
each
fiscal
year,
so
these
policies,
kind
of
achieve
and
at
a
high
level,
provide
the
priorities
and
objectives
for
the
specific
funds,
because
those
are
related
to
the
specific
sources
of
money
that
we
receive,
and
so
you
have
approved
those
priorities
originally
as
part
of
this
and
then
now
what
you're
doing
is
kind
of
refining
those
for
how
they
relate
specifically
to
this
west
side,
community
initiative.
F
So
that's
the
the
high
level
the
umbrella
and
then
on
an
annual
basis.
You
will
take
those
that
annual
housing
funding
strategy
and
that
discussion
and
that's
where
you
can
get
into
more
of
the
details
of
how
we
actually
allocate
those
funds,
specifically
in
our
budget
and
then
even
more
specific,
how
we
roll
those
out
in
either
programs
projects
or
the
nofa
offering,
and
what
goals
and
priorities
you
as
a
board
want
to
see
in
that.
H
F
We
were
hoping
to
bring
that
to
you
in
march
as
the
initial
briefing
and
then
in
april.
You
would
hopefully
approve
that
funding
strategy
right
at
the
same
time
that
we
would
start
presenting
the
budget
so
trying
to
time
that
to
where
you
have
that
to
where
we
can
be
informed.
As
we
present
the
budget
and
at
the
same
time
you
can
have
those
priority
discussions
before
you
even
really
approve
the
budget.
H
Okay,
great
thanks,
danny.
I
think
the
reason
why
this
all
connects
in
my
brain
is
one
thing
I
remember
from
that.
Those
discussions
was
that
we
we
had
so
many
goals
and
things
that
were
that
it's
like
impossible
to
ensure
that
we
get
a
little
bit
of
all
of
the
goals
because
there's
like
so
many
options,
which
I
think
is
I
mean
it's
good-
that
our
goals
are
big.
I
I
feel
a
little
similar
to
that
with
the
west
side
community
initiative.
H
I
I'm
really
excited
about
the
west
side
communication,
I'm
supportive
of
the
idea,
I'm
just
looking
at
all
of
the
different
things
that
we're
trying
to
do,
and
I
hope
that
the
goal
to
do
everything
doesn't
get
in
the
way
of
getting
at
least
some
really
impactful
things
done.
So
it's
less
of
a
policy
discussion.
I
think
they're
all
good
goals
and
good
directions
on
them.
H
I
think
for
me,
the
community
land
trust
and
starting
to
get
that
affordable
home
ownership
model
in
place
and
figuring
out
what
that
means
is
pretty
high
on
my
priority
list
in
terms
of
what
all
those
things
are.
So
I
would
say
I
don't
have
any
problems
or
things
that
I
want
to
change
in
this,
but
I
would
just
say:
let's
I
guess
it's
a
request
more-
that
let's
really
focus
on
that
community
land
trust
model
and
figure
out
what
that
looks
like
and
what
the
good
salt
lake
city
version
of
that
is.
H
Is
it
us
running
it
in-house?
Is
it
a
non-profit,
that's
going
to
manage
the
deed
restrictions
and
all
that
stuff
and
how
do
how
do
we
make
that
thing
a
reality?
So
I
guess
that's
just
because
there
are.
I
mean
I'm
looking
at,
like
seven.
Eight
bullet
points
underneath
the
west
side
community
initiative
to
me
that
community
land
trust
is
my
primary
goal
of
all
of
those.
H
F
Perfect,
I
would
just
add,
I
know
there
wasn't
a
question
in
there
allison,
I'm
sorry.
I
think
I
cut
you
off
jump
in
please.
E
You
might
have
been
getting
ready
to
tell
them
how
much
is
in
the
northwest
squadron
fund.
I'm
trying
to
set
you
up
to
deliver
good
news
danny.
I
want
you
to
be
able
to.
F
F
You
also
recall,
though,
as
a
council,
you
did
approve
a
four
million
dollar
allocation
as
part
of
kind
of
the
city
budget
amendment
and
that
so
we
have
a
significant
amount
of
seed
funds
to
start
with,
as
well
as
what
we
hope
to
be
an
increasing
amount
of
annual
contributions
from
the
port
and
then
director
model
just
to
follow
up
on
your
comment.
I
know
there
wasn't
a
question
there,
but
tracy
and
lauren
are
both
working
right
now,
one
on
what
that
land
trust
model
can
look
like
and
then
number
two.
F
I
will
just
say
that
that's
kind
of
the
nice
part
of
how
these
funds
were
set
up
and
what
that
annual
housing
strategy
can
be.
Is
you
can
very
much
separate
the
buckets
and
have
different
priorities
potentially
for
those
different
buckets
as
you
as
a
board
want
to
maybe
have
those
different
initiatives
or
priorities
so
where
the
nofa
has
kind
of
been
released?
City-Wide
you
now,
as
we
start
getting
funds
in
these
separate
buckets,
can
actually
start
providing
different
priorities
and
objectives
for
those
for
us
to
do
throughout
the
year
in
the
budget.
E
I
add
one
more
thing,
madam
chair,
because
danny
just
doesn't
want
to
look
at
the
glass
a
little
more
than
full
the
original
board
budget
for
the
northwest,
quad
funds
or
whatever
they
were
called
again.
Northwest
squadron
housing
fund
was
250
000,
so
the
409
000
is
in
fact
more
than
the
than
the
word
expected.
So
that's
the
good
news.
E
The
other
thing
to
know
is
that
I
believe
the
the
council
put
the
or
maybe
it
was
the
board-
put
the
four
million
that's
coming
through
arpa
in
a
holding
account,
and
so
there'll
have
to
be
a
budget
amendment
to
be
able
to
free
that
up
when
the
time
comes.
So
that's
just
for
your
background
information.
B
That's
great,
thank
you
everybody.
I
thank
you
darren
for
those
comments.
That's
somewhat
of
the
same
question
that
I
had
last
year
about.
B
Can
we
narrow
it
down
because
we
have
so
many
things
going
on
so
thanks
for
bringing
that
up
again
and
and
bringing
some
focus
to
this
wci
and
also
thanks
to
staff
that
this
year
they're
doing
it
they
they
heard
us
and
then
this
year,
they're
doing
it
earlier
so
before
the
budget
comes,
so
that
we're
all
on
the
same
page
at
the
same
time,
and
then
we
don't
get
confused,
apologies
sometimes
for
to
the
staff
that
we
get
all
scrambled
when
it's
when
it's
different
timing,
budget
or
whatever
you
guys
know.
B
So
we
appreciate
that
and
we,
if
there's
no
more
discussion
on
this
item,
I
will
gladly
move
on
to
the
next
one.
F
B
C
C
B
So
I
have
a
motion
by
four
member
fowler
to
approve
this
resolution
in
a
second
by
dugan
and
do
I
need
to
roll
call
this
or
yes,
okay,
I
see
yes,
let's
start
with
mano.
C
D
C
Hello,
are
we
just
so
I'm
clear?
Are
we
voting
on
repealing
and
replacing
housing
allocation
funds.
B
B
Great
and
now
we're
ready
to
move
on
to
item
number
three-
and
this
is
the
board-
will
receive
a
briefing
about
and
consider
adopting
resolution
that
would
amend
the
housing
development
loan
program
policy
and
at
the
table
we
have
alison
rowland,
danny
walls,
tracy
tran
lauren
parisi
same
group
as
item
number
two.
So
go
ahead
and
tell
us.
E
I'll
give
a
brief
intro,
madam
chair,
as
you
may
remember,
at
least
those
of
you
who
were
on
the
council
at
the
time
and
on
the
board
last
december,
the
board
requested
some
clarification
from
rda
staff
on
how
the
projects,
the
housing
projects
are
determined
for
recommendations
to
the
emergency
gap,
funding
part
of
the
housing
development
loan
program,
the
hdlp
that
sounded
terribly
garbled.
E
I
hope
it
made
more
or
less
sense,
in
other
words,
who
gets
that
the
emergency
gap
funding,
and
so
the
rda
staff
has
come
back
with
some
clarification,
some
uniform
standards
so
that
they
can
use
those
to
judge
all
the
requests
from
the
idea
is
that
the
these
will
be
offered
on
these
emergency
gap.
Funding
will
be
offered
on
a
rolling
basis
so,
rather
than
having
one
due
date,
because
projects
do
get
to
the
time
when
they
might
need
gap,
funding
and
they're
able
to
estimate
how
much
they
need.
E
They
want
to
do
this
on
a
rolling
basis
throughout
the
year,
and
they
recommend
is
what
I
should
say.
They
recommend
doing
it
and
the
redevelopment
advisory
committee
or
iraq
met
on
february
2nd
to
discuss
the
proposal,
so
rda
staff
will
have
some
updates
about
their
recommendations.
E
That
is
basically
the
broad
picture,
and
the
only
policy
question
is
whether
the
board
members
would
like
to
discuss
any
adjustments
they
might
like
to
make
to
the
membership
of
the
rda
finance
committee,
which
is
the
body
that
would
be
charged
with
recommending
or
not
recommending
emergency
gap
funding.
So
I
will
turn
it
over
to
the
rda
staff.
J
Thanks
so
much
alison,
I
just
wanted
to
see
taylor.
Would
it
be
okay
if
I
shared
my
screen
just
to
pull
up
a
few
slides,
yeah
sure?
Thank
you.
J
All
right,
so
thanks
so
much
alison
for
that
intro,
like
allison,
said
we're
here
to
discuss
amendments
to
the
housing
development
loan
program
that
would
include
some
emergency
gap
financing
criteria.
J
As
noted
at
the
december
meeting,
the
board
discussed
how
loan
applications
would
be
reviewed
when
the
rda
releases,
a
notice
of
funding,
availability
or
nofa
for
emergency
gap
financing
through
the
housing
development
loan
program.
So
rda
staff
has
proposed
some
additions
and
amendments
for
these
emergency
funding
requests
within
the
housing
development
loan
program,
and
so,
as
a
quick
reminder,
this
might
speak
to
a
board
member
romano's
earlier
question
of
the
previous
item.
J
But
the
hclp
policy
was
adopted
last
year
as
it
provides
kind
of
a
centralized
process
and
application
for
all
of
the
rda
housing
funds
which
were
related
to
that
housing
allocation
funds.
Policy
that
we
had
discussed
prior
to
provide
a
kind
of
like
a
one-stop
shop,
low
interest
loans
to
incentivize
the
development
and
preservation
of
affordable
housing
within
salt
lake
city.
J
So
also
the
rda
presents
an
annual
housing
develop
or
an
annual
hdlp
funding
strategy
prior
to
the
budget
year.
That
includes
proposed
revenues
and
funding
priorities
to
be
administered
through
the
hclp
for
the
next
fiscal
year.
J
So
these
hdlp
funds
are
administered
through
a
transparent
nofa
process
and
it
incorporates
annual
priorities.
So
this
fiscal
year's
housing
strategy,
which
was
adopted
by
the
board
through
the
budget
process,
offers
three
nofas.
We
had
a
competitive,
citywide
domfo,
which
was
reviewed
and
approved
by
the
board
back
in
december,
and
then
we
have
the
high
opportunity
area
nofa,
which
was
advertised
through
the
latest
competitive
nofa.
J
But
these
funds
do
remain
open
on
an
ongoing
basis
due
to
the
nature
of
the
difficulty
of
in
getting
projects
within
those
areas,
and
we
have
the
emergency
gap.
Financing
funds,
which
is
the
last
nofa
that
we
would
release
this
fiscal
year
and
is
the
topic
of
today's
discussion
so
for
each
nofa,
rda
staff
evaluates
and
considers
applications
for
approval
as
follows.
So
there's
kind
of
four
steps.
J
The
first
is
that
we
establish
where
we
conduct
an
eligibility
review
and
then
that
goes
to
a
the
applications
are
then
provided
to
a
review
committee
where
a
recommendation
of
the
funding
is
made
and
then
from
there.
That
is
forwarded
it
on
to
the
rda
direct
rda
board
of
directors
for
approval,
and
then
we
would
offer
a
funding
commitment
based
on
the
board's
decision,
and
the
proposed
changes
that
we're
discussing
today
would
just
impact
the
first
two
sections
the
eligibility
review
and
then
the
review
committee
recommendation.
J
So
typically,
projects
at
this
stage
would
have
secured
tax
credit
credits,
which
is
a
timely
and
competitive
process,
and
projects
would
also
have
a
little
more
detailed
construction
drawings
and
they
would
perhaps
be
ready
to
to
pull
a
building
permit
and
have
other
sources
of
funding
secured,
which
would
be
the
second
requirement
of
these
proposed
amendments.
So
projects
would
need
to
have
at
least
90
percent
of
their
financial
commitment
secured,
and
we
would
need
proof
of
that
of
that
and
then
finally,
projects
would
also
need
to
submit
a
funding
gap.
J
Analysis
that
explains
what
is
causing
the
gap
and
provide
supporting
documents
that
demonstrate
the
need
for
the
specific
amount
being
requested.
So
I
just
wanted
to
add
to
this.
We
have
been
seeing
just
the
supply
chain
issues
and
the
rise
and
construction
costs.
We
have
been
hearing
a
lot
in
the
community
in
the
construction
community
that
there
is,
you
know,
because
of
that
we
are
seeing
more
of
a
need
for
kind
of
last-minute
emergency
funds.
J
J
The
current
language
in
the
hdlp
refers
to
a
review
committee,
but
it
doesn't
specify
the
finance
committee
and
the
finance
committee
meets
monthly
and
is
charged
with
reviews
reviewing
things
such
as
loans
and
tax,
increment
reimbursements,
and
things
like
that.
So
it
does
make
sense
for
them
to
review
these.
These
hdlp
loan
requests
and
this
process
would
just
streamline
and
kind
of
simplify
the
administrative
procedures.
It
wouldn't
really
change
much,
I
think,
with
with
this
process,
and
so
we
we
did
as
allison
node.
J
We
did
take
this
to
iraq
last
week
and
they
did
have
quite
a
quite
a
discussion
on
emergency
funds
and
they
did
recommend
approval
with
the
following
considerations,
so
they
wanted
to
one
re-evaluate
the
criteria
such
that
the
six-month
window
is
shortened
to
a
much
shorter
time
frame.
That
rep
represents
a
truly
ready-to-closed
time
frame
and
they
suggested
that
that
would
be
90
days
at
most.
J
The
second
would
be
to
reevaluate
their
approval
process
to
allow
for
a
very
quick
action,
a
very
quick
approval
process
and
maybe
contingent
approval
first
and
then
finance
committee
approval
that
would
remove
board
approval.
So
that's
just
a
you
know
a
question
we
wanted
to
definitely
discuss
with
the
board
today
and
the
third
one
would
be
consider
a
matching
fun
component
from
the
developer
to
the
emergency
fund.
J
J
B
Thank
you,
tracy.
That
was
a
great
presentation,
so
lots
of
questions
for
the
board
members.
Anybody
would
like
to
say
something
about
this.
Have
questions
concerns.
B
I'll
start:
well,
you
guys
think
about
it.
If
you
want
on
the
tracy
on
the
emergency
funds,
do
we
have
a
do?
I
can
remember
if
we
have
like
a
max
like
or
does
that,
does
that
man
does,
that
number
change
every
year
or
how?
How
are
how
would
we
do
that.
J
Yeah,
so
that's
kind
of
determined
through
the
budget
process
each
year
and
kind
of.
What's
you
know
what
was
spent
last
year
and
so
for
this
year
I
think
we
have
about
two
million
left,
and
so
that
could
could
change
next
year.
C
B
Year,
okay,
so
basically
it
so.
If
somebody
called
in
today
and
said
I'm
sure,
two
million
dollars-
and
I
will
start
in
construction
in
six
months,
then
they
would
go
through
the
committee
and
then
come
to
us,
and
then
we
would
release
those
funds
and
the
two
like,
even
if
it
was
the
max
that
what
we
have.
We
would
technically.
B
The
I
mean
I
I'm
all
about,
I
I'm
all
about
expediting
things,
especially
if
it's
an
emergency
situation
where
you're
about
to
you
know
to
start
construction,
and
then
your
contractor
sent
you.
You
know
a
new
bid,
saying:
hey
cost
has
gone
way
up,
and
this
is
our
price
now,
so
that's
that's
real.
It
is
happening
at
the
same
time.
B
These
are
funds
that
are
large
in
number
and
and
I'm
not
sure
about.
I
don't
know
it's
not
especially
about
not
having
overview
you
know
like
like
just
leaving
it
to
to
another
decision-making
body.
Ultimately,
I
feel
like
we
are
responsible
for
where
those
funds
go.
So
that's
why
I
have
a
harder
time
letting
go.
I
guess.
C
Yeah
go
ahead,
I
think
in
clarifying
in
some
of
our
initial
internal
discussions.
I
think
that
it
would
still
come
to
the
rda
board
for
final
approval
and
that
the
finance
committee
would
recommend
to
the
rda
board.
G
Ahead
we
get
to
would
there
be
a
possibility
to
add
something
in
order
to
expedite
the
front
end
of
getting
the
money?
Would
there
be
a
possibility
that
we
could
add
something
on
the
back
end
like
a
grant
report
or
something
that
could
still
promote
accountability
but
expedite
the
process
on
the
front
end.
G
For
us,
so
like
my
non-profit
during
covid,
we
did
some
things
where
you
know
there
was
the
funding
available
we
submitted
for
it.
Well,
I
mean
the
p.
The
ppp
loans
worked
this
way
right
and
you
you
signed
off,
and
you
said
I'll,
meet
all
these
criteria
and
then
at
the
forgiveness
period
you
had
to
log
back
in
and
you
had
to
check
off
and
say
I
did
this
did
this?
G
Did
this
did
this
with
whatever
verifications
were
asked
for
and
then,
if
you
didn't,
there
was
a
penalty
that
would
come
to
you
and
your
organization.
Otherwise
you
know
the
conditions
like
we
could
set
something
like
that,
which
would
help
us
get
things
out
sooner,
but
not
decrease
accountability.
B
H
Thanks,
I'm
sure
so
jennifer
to
what
to
clarify.
It
sounded
like
what
you
said
that
it
would
be
the
committee
recommending
and
the
board
making
final
approval
was
original,
but
the
rack
is
suggesting
that
we
change
it
to
where
the
board
does
not
need
to
do
final
approval
is
that
am
I
understanding
that
all
accurately
tracy,
so
the
rack's
proposal
is
to
discuss
potentially
out
of
the
process
for
emergency
loans
all
together,
so
that
it
can
go
faster.
J
Correct
that
was
their
recommendation,
and
that
was
just
I
mean.
I
think
they
wanted
us
to
try
to
kind
of
explore
different
ways
that
could
happen,
and
I
think
that
was
a
the
way
that
they
saw
would
be
a
faster
process
if
they
maybe
had
final
approval
final,
like
approval,
but
we
could
maybe
still
come
back
to
the
board,
perhaps
like
to
report
what
had
happened
or
those
things
that
we
can
kind
of,
discuss
and
think
through
as
we
go
through
this
process.
K
Option
is
that
you
could.
We
could
just
put
into
more
practice
the
idea
that
the
rda
can
convene
a
meeting
on
a
regular
council
night,
so
you're
not
waiting
for
a
once
a
month
approval.
K
You
have
three
shots
at
at
getting
something
approved
by
the
council
and
then
I
think
it'd
be
good
to
ask
katie
whether
this
is
a
situation
that
is
parallel
to
some
of
the
other
situations
where
we
were
just
realizing.
We
needed
to
do
a
little
bit
of
restructuring
so
that
we
were
meeting
all
of
the
aspects
of
the
open
meetings
law
because
I
can't
tell
if
this
is
finance
committee
and
if
the
finance
committee
is
a
public
body
or
maybe
we're
okay,
because
it's
the
rack,
I
don't
know
so.
K
B
Yeah
that
that
sounds
great
to
me
is
that
something
that
maybe
alison
or-
and
I
see
katie
chest
up-
katie's
name,
but
I
don't
know
if
she
was
up
anyway,
alison
or
alison
parks
or
katie
any.
L
Hi
there
rda
board
members
nice
to
see
you
we'd
like
to
take
a
look
at
this
and
get
back
to
you.
If
that's
all
right,
but
we
appreciate
cindy
flagging
it
because,
as
she
mentioned,
we
are
doing
a
holistic
review
of
all
of
our
various
recommending
finance
committees.
B
So
that
that
basically
tells
us
that
we
need
to
answer
those
questions
at
some
other
time.
So
let's
continue
the
discussion
right
now,
but
if
you
have
yeah
dan
dugan
has.
D
Thank
you.
Thank
you,
chair
questions
on
the
90
days.
Does
that
give
us
enough
time
to
for
the
finance
committee
and
us
to
make
a
recommendation
without
if
it
was
at
the
maximum
of
the
of
a
board,
we
have
an
rda
board
meeting
in
the
first
week
they
put
their
recommendation
in
the
day
before.
D
Do
we
still
have
time
to
make
that
within
that
90
day
window
and
on
that,
is
there
how
much
money
are
we
talking
about
on
these
loans
and
the
interest
rates
on
the
loans
and
if,
if
it
would
be
hey,
there's
a
threshold,
anything
below
x
amount
of
dollars?
D
J
I'll,
hopefully,
try
to
answer
all
of
them.
Please
remind
me
if
I
missed
a
question,
but
I
think
your
first
question
was
whether
or
not
90
days
is
sufficient
time
period
to
go
through
the
process.
I
think
I
definitely
think
it
is
a
little
tight,
but
it
will
require,
I
think,
a
lot
of
coordination
with
kind
of
our
like
at
our
administrative
staff
and
council
staff,
to
make
sure
that
we
can
get
meetings
scheduled
and
on
on
agendas.
J
I
think
we
can
do
as
long
as
we
receive
all
the
information
from
the
applicant.
We
can
review
that.
You
know
as
a
staff
fairly
quickly,
but
I
think
it's
you
know
making
sure
that
we
can
get
the
transmittals
in
on
time
and
things
like
that,
we'll
we'll
want
to
coordinate
on
let's
see,
and
then
you
had
asked
about
the
interest
rate
on
that.
H
M
Well,
how
it's
written
now,
how
we
have
it
proposed
is
that
the
project
should
be
able
to
break
ground
within.
We
have
it
written
as
six
months,
but
then
the
racks
recommendation
would
be
90
days
so
that
six
months,
though,
as
it's
written
now,
would
incorporate
the
review
and
then
they
would
have
to
break
ground
within
that
time
frame.
When.
J
So
back
in
terms
of
the
interest
rates,
the
interest
rates
would
be
subject
to
the
housing
development
loan
program
rate,
so
it
it
generally
is
based
off
of
it's
generally
based
off
of
the
us
treasury
yield
plus
a
percentage
plus
two
percent.
I
think,
but
it
doesn't
go
above
three
percent
and
they
can
get
interest
rate
reductions
based
on
any
kind
of
priorities
that
they
meet,
so
they
can
potentially
get
a
half
percent
interest
rate
reduction
if
they
meet
certain
priorities
and.
J
D
How
many,
how
many,
how
many,
how
many
emergency
loan
requests
you
have
a
year.
J
That
one's
a
little
hard
to
gauge,
because
we
haven't
had
like
a
an
official
like
emergency
program
before
I
would
say
that
we
do
get
requests
and
people
calling
us
to
see
if
we
have
extra
funds,
I
would
say
just
in
the
last
few
months
I
pray
you've
had
maybe
two
or
three
developers
that
have
just
been
calling
just
to
see.
J
If
we
have
any
available,
I
I
do
think
we
are
in
a
unique
situation
just
currently
with
the
supply
chain
issues
and
one
of
the
developers
I
spoke
with
said.
A
lot
of
construction
bids
aren't
lasting
more
than
two
weeks,
so
we're
just
seeing
continual
price
escalations.
J
So
even
with
a
three
month
process
we
could.
We
could
see
some.
You
know
additional
costs
increase
during
that
period.
It's
a
little
hard
to
gauge
right
now,.
B
B
H
H
If
it
was,
you
have
to
break
ground
within
90
days
of
us
approving
your
loan
because
it's
like
they
may
have
like
a
bunch
of
different
funding
streams
and
they
might
not
know
if
they
need
to
pursue
this
one
if
ours
doesn't
ex,
if
ours
isn't
approved,
but
I
think
like
if
we
say
yes,
you
can
have
that,
and
your
90-day
clock
starts
now.
You
have
90
days
to
break
ground
and
if,
in
that,
90
days,
if
you
can't
pull
together
in
90
days,
then
that
loan
is
no
longer
available
to
you.
H
But
you
have
that
90
days
to
now,
you
have
more
information.
You
have
90
days
to
figure
out
all
the
rest
of
everything
and
then
start
the
process.
That
seems
like
it
makes
more
sense
from
a
project
management
standpoint
than
having
part
of
that
90
days
being
us
making
the
decision
as
to
whether
they're
approved
for
that
loan
right.
D
D
H
But
I
mean
if
it
was
the
other
way
around
where
the
clock
starts
from
when
we
approve
the
loan,
then
absolutely
let's
go
down
to
90
days,
because
six
months
is
a
long
time
and
as
we
said,
things
change
every
two
weeks
in
construction.
So
I
would
be
comfortable
going
down
with
that.
But
then
I,
if
it's
inclusive
of
the
entire
review
process,
then
I
think
that
that's
probably
a
little
bit
potentially
unrealistic.
M
F
F
I
really
appreciate
cindy
jumping
in
and
stating
that,
if
we
had
to,
we
could
maybe
piggyback
on
a
regular
scheduled
council
meeting,
because
I
think,
with
transmittal
times
and
everything
that
would
certainly
provide
us
a
few
more
options
than
just
our
regular
monthly
meeting.
So
if,
if
we
can
maybe
noodle
on
that
and
bring
that
back
as
part
of
the
next
step,
we
can
certainly
look
at
that
and
see
what
that
looks.
Like
is
kind
of
a
final
version
of
wording.
Unless
tracy
you
have
any
thoughts
or
concerns
on
that.
H
And
your
so
the
consider
matching
funds,
a
component
from
developer
to
the
emergency
phone.
What
does
that
mean?
Because
the
developer's
already
coming
up
with
a
bunch
we're
never
the
100
financer
on
a
project
right?
So
what
does
it
mean
when
we
ask
them
for
matching
funds?
Because
don't
they
always
have
matching
funds.
J
Yeah,
I
think
this
is
something
we'll
want
to
think
through
a
little
bit,
but
I
think
the
thought
behind
it
was
that
if
they
are
going
to
ask
us
for
some
emergency
funds
that
they
would
also
need
to
have
some
matching
funds
from
another
like
another
news
source.
J
H
Track
because
which
funding
was
before
or
after
the
approval
did
they
just
not
tell
us
that
they
already
had
this
other
fun?
You
know
seems
like
there's
a
lot
of
loopholes
to
that
matching
funds
thing.
Can
we
say
that
our
funding
must
always
exceed
the
developers
fee
by
a
certain
percentage
so
that
we're
not
just
you
know
like
if
they're,
maybe
that's
not
the
way
to
do
it,
but
I
think
the
matching
funding,
if
they're,
all
of
a
sudden,
this
hard
situation
does.
J
Because
I
think
one
of
the
discussion
points
for
that
matching
funds
that
they
could.
We
could
require
them
to
make
sure
that
they're
deferring
like
their
max
developer
fee
as
like
a
matching
portion
for
what
we
are.
What
they
may
ask
us
for
does
that
make
sense.
B
So
tracy,
so
so,
because
we've
also,
obviously
I
think
this
project
that
may
come
with
this
request
is
because
we've
helped
them
in
the
past
right.
We
were
participants
at
some
point
for
the
project
to
come
along
unless
we
also
were
taking
unless
we're
also
taking
requests
from
random
development.
But
I
don't
think
so
is
that
true?
So
so
somebody
so
somebody
would
come
to
us
say:
hey
we're
short.
You
guys
already
helped
us
in
the
past,
but
things
have
changed.
B
We're
short.
Can
you
help
us
again?
I
would.
I
would
also
hope
that
yeah
we
want
to
do
emergency
fund
funding,
but
that
we're
not
just
the
only
ones
you
know
like
footing
the
build.
Like
I'm
sure
there
are
banks
and
other
lenders
as
well
out
there
available
for
that.
B
So
so,
if
the
so
hypothetically,
they
have
a
gap
of
five
hundred
thousand
dollars.
Maybe
we
said
they
will
give.
You
know,
will
review
250
000,
but
then
you
have
to
find
the
other
250
000
elsewhere,
or
is
that
too
complicated
for
you
guys
for
everybody
to
you
know
to
make
it
happen?
I
mean
because
you
have
to
review
and
see
where
this
money
is
coming
from
and
that
it's
available
right,
I
don't
know
help
me
help
me
think.
M
I
do
think
kind
of
in
the
intention
of
these
funds
is
that
there
would
be
a
true
specific
gap
that
they
could
really
nail
down
with
their
construction
bids,
and
it
would
really
be
an
urgent
need,
and
so
I
do
think
the
matching
component
might
cause
a
little
bit
of
trouble,
because
there
there's
that
timeliness,
issue
and,
of
course,
initially
with
a
regular
loan,
we're
looking
for
those
other
contributions
and
other
sources.
But
here
it
might
be
difficult
to
get
that
match.
M
But
again
something
we
could
do
is
make
sure
that
that
developer
fee
is
deferred
as
kind
of
that
matching
component.
E
J
Yeah,
that's
correct,
I
think
the
way
the
policy
is
written,
it's
it
doesn't
restrict.
Who
can
apply
for
those
funds?
It
could
be
someone
who's
already
applied.
It
could
be
a
new,
you
know
a
new
applicant,
but
they
would
just
have
to
meet
the
standards
within
the
policy.
All
the
other
standards
and
policy.
J
Well,
housing
can
be
done
city-wide
within
the
right
right
right.
Okay,.
E
All
right,
but
in
those
cases
sorry,
I
don't
want
to
prolong
this
longer
than
you
want
to.
Madam
chair,
I
just
I
just
was
curious
about
in
terms
of
what
the
rda
might
ask
a
developer,
who
who
hasn't
gone
through
with
the
nova
process
before
whether
the
rda
could
potentially
say
okay
but
affordable
units?
We
need.
You
know
this
amount
at
this
affordability
level.
Something
like
that.
So
that
might
be
an
idea
worth
pursuing
or
rda
might
tell
me
not
so
much.
G
J
J
F
Thanks
tracy,
I
think
that's
a
good
distinction,
because
I
think,
as
part
of
the
annual
housing
strategy,
if
you
did
as
a
board
want
to
put
a
condition
or
a
term
like
that
on
these
emergency
funds,
you
can
certainly
do
that.
I
think
we
just
probably
need
to
discuss.
G
Can
I
I've
never
been
a
developer,
so
I
don't
know
if
I'm
a
developer
and
I've
got
20
units
at
70,
ami
or
60
ami,
whatever
the
threshold
is,
and
I
have
an
emergency
and
I
go
and
look
for
traditional
bank-based
or
investor
based
emergency
funds.
In
a
case
like
this
and
and
there's
another
developer,
who
is
doing,
you
know
30
percent
at
40
ami?
Is
there
going
to
be
a
discrepancy
in
those
two
developers
ability
to
secure
emergency
funding
outside
of
some
governmental
intervention
like
this?
B
Maybe
to
me
sorry
darren,
maybe
to
me
yes,
I
mean
if
we
can
put
it
as
a
priority,
but
I
I
think
we
should
leave
it
open
because
I
don't
sure
if
you
know
if,
if
that
were
always,
you
know
always
be
at
the
emergency
so
yeah
we
could
probably
give
more
priority
to
that
to
those
but
still
help
the
other
ones
as
well.
Go
ahead.
Darren.
H
I
mean,
I
guess
I
would
say,
if
we're
loosening
up
the
process
and
we're
creating
an
alternative
track
around
traditional
rda
processes
to
get
money
faster,
because
it's
a
emergency,
I
would
say
we
make
the
process
easier
but
make
the
affordability
requirements
more
strict.
Like
say,
if
here's
your
general
baseline
to
participate
in
rda,
then
you
have
to
have
20
at
60,
ami
or
whatever.
H
So
if
you're
going
to
be
able
to
go
up,
if
you're
going
to
be
able
to
qualify
for
this
additional
sort
of
fast-tracked
funding,
then
let's
just
put
the
threshold
more
strict
but
make
the
process
easier.
I
would
not
I'm
not
sure
that
I'm
yet
comfortable
making
the
threshold
higher
or
lower
whatever
make
the
threshold
less
stringent
and
also
make
the
process
faster,
because
that
feels
like,
then,
why
is
anyone
getting
even
applied
to
our
normal
funding?
H
Unless
there's
a
also,
I
mean
I
could
or
make
the
cap
lower
right,
like
the
amount
of
you
can
only
get
200
000
in
emergency
funding,
not
up
2
million
or
whatever
the
case
may
be,
but
there
has
to
be
some
trade-off
to
go
through
this
alternative
route.
Otherwise
people
are
just
not
going
to
do
our
normal
process,
but
maybe
our
normal
process
needs
consideration
as
well,
but
that's
a
different
topic
right.
B
Like
if
you
know,
if
we
might,
I
mean,
if
we're
also,
but
if
we're
letting
an
opportunity
of
affordable
housing
at
any
ami,
like
not
happen,
because
we
are
really
stuck
on
the
you
know
on
the
on
the
super
super,
affordable
ones.
So
that's
that's.
Why
I'm
that's
what
I
wonder
it
was
too
strict,
but
yeah
I
understand
like
there's.
There
must
be
a
trade-off
for
sure
if
we're
going
to
go
through
this
whole
process
and
this
whole
issue
of
restructuring
and
getting
this
fast
track
set
up.
J
I
Darren's
point:
I
think
anybody
could
claim
that
there's
an
emergency
in
development,
but
also
like
I
for
me,
anyone
that
ever
gets
any
rda
money
has
a
bunch
of
requirements
that
they
have
to
go
through,
and
it
doesn't
seem
like
we're
trying
to
take
that
away,
and
I
don't
like
I
get
needing
more
affordable
housing
and
things.
It
just
seems
like
we're
in
an
effort
to
try
to
make
things
easier
for
people
to
get
an
emergency.
I
I
mean
to
me
if
in
that
case
we
should
just
say
like
leaders
for
anybody
and
then
anyone
eyes
would
have
to
meet
those
those
standards.
This
to
me
says
you
have
to
be.
You
have
to
have
a
legitimate
emergency
that
that
we've
defined
you
have
to
be
able
to
break
ground
within
a
certain
time,
and
you
have
no
other
options
or
this
project
is
going
to
felt
now.
I
Believe
me,
I
you
all
know
that
I
hate
the
butt
for
argument
and
it
makes
me
want
to
throw
my
computer
out
the
window,
but
like
this
seems
like
there's.
One
of
these
are
one
of
those
moments
where
it
really
is
a,
but
for
or
it's
not
going
to
happen,
and
we
already
have
so
many
requirements
to
even
engage
with
the
rda
in
the
first
place
that
it
concerns
me
that,
and
it's
almost
like
we're
cutting
off
our
nose,
despite
our
face
in
some
ways
right
and
I
I
just.
F
I
think
this
has
been
really
great
input
from
the
board
and
obviously,
if
anyone
has
any
other
comments
or
questions,
we'd
be
happy
to
ask.
But
I'm
wondering
if
it's
appropriate
for
us
to
kind
of
take
some
of
these
ideas
and
and
come
back
with
some
options
of
how
we
think
we
may
be
able
to
address
it
or
where
we
think
it's
appropriate
to
move.
B
That's
great
danny,
if
you
guys
have
enough
from
us,
then
go
ahead
and
we'll
await
for
your
for
your
proposal
and
and
your
mind.
Reading
powers.
F
I
would
just
look
at
tracy
and
lauren
as
if
they
had
anything
else
from
iraq,
that
we
needed
input
or
direction
on
or
or
if
we're
good.
J
I
think
we're
good,
we'll
we'll
definitely
take
all
this
feedback
and
see
what
kind
of
options
there
may
be
for
this
process.
We
really
appreciate
your
input.
Thank
you.
B
All
right,
so
we
are
at
item
four,
which
is
a
report,
an
announcement
from
the
executive
director,
which
is
mayor,
mendenhall.
B
All
right,
then,
we'll
we'll
move
on
sorry
rachel
is
she
planning
on
on
attending.
C
See
she
will
be
here,
I'm
not
sure
if
she'll
be
here
before
the
end
of
the
rda
meeting
or
not,
but
please
feel
free
to
pass
along
anything
to
me
that
you
need
her
to
follow
up
on.
B
Thank
you
we'll
continue,
then,
with
item
number
five,
and
if
she
comes
to
the
meeting
before
we're
done,
then
we're
happy
to
give
her
the
time.
Num
item
number
five.
Is
the
report
announced
announcements
from
rda
staff
danny
thank.
F
You,
madam
chair
members
of
the
board,
I
had
two
quick
updates.
We
just
wanted
to
inform
the
board
number
one.
We
have
executed
a
lease
amendment
with
essentially
the
utah
jazz
for
extending
their
lease
for
the
property
under
the
vivint
arena
at
least
currently
runs
to
2040.
We
have
provided
two
additional
10-year
options
to
extend
that
for
their
group
and
then,
as
part
of
that
amendment,
those
were
really
the
biggest
terms.
F
The
other
change
is
really
just
updating
what
was
arguably
a
30
plus
year
old
agreement
now
as
part
of
the
transfer
of
ownership
and
changes
in
that
regard
so
happy.
If
anyone
has
any
questions,
feel
free
to
reach
out
and
provide
that,
but
wanted
to
give
that
update,
because
I
know
some
of
you
have
been
involved
in
conversations
or
tracking.
That
second
item
is
the
reopening
event
for
the
jackson.
Apartments
has
been
rescheduled
for
thursday
february
24th
at
10
a.m.
F
Madam
chair,
I
believe
you're
still
slated
to
be
a
speaker
at
that
event,
along
with
the
mayor
and
just
to
recap,
rda
provided
a
million
dollar
loan
for
the
jackson,
apartments
there
on
third
west
to
renovate
and
and
bring
up
to
code
and
make
better
ada
improvements
and
accessibility
for
80
senior
apartments
there.
So
we
look
forward
to
seeing
everyone
at
that
that
can
attend.
That's
all
I
have
unless
there
are
questions
from
the
board.
B
Thanks
danny,
no,
I
board
members,
do
you
guys
have
questions
now?
I
appreciate
your
work.
I
we
welcome
the
jazz
and
and
the
new
owners
in
salt
lake
city
and
we're
happy
to
participate
as
an
rda
when
all
the
stuff
that
they
bring
along,
which
is
name
recognition,
people
downtown
and
and
a
lot
of
fun
for
all
of
utah.
So
thank
you
and
then
excited
to
be
at
the
jackson,
apartments
february
24th.
We
are
moving
on
to
item
d,
which
is
written
brief
briefings
and
we
have
none
and
consent.
B
We
have
none.
I
believe
we
have
a
close
session
for
advice
of
counsel
and
we
will
need
a
motion
for
that,
but
a
friendly
reminder
that
everybody
make
sure
that
you're
in
a
closed
area
in
a
room
by
themselves
during
the
closed
session.
D
Madam
chair,
I
moved
that
we
closed
for
moved
to
closed
sessions
as
per
katie's
comments.
D
B
Thank
you.
So
we
have
a
motion
by
board
member
dugan
and
seconded
by
board
member
poi.
I'm
going
to
roll
call
this
or
remember
dugan.
D
C
B
C
K
B
The
adjournment
of
our
session
will
be
the
adjournment
of
the
art.
Thank
you
all
right.
Well
do
do
we
have
a
separate
link.
C
We're
going
to
stay
in
this
link,
so
if
everyone
could
just
give
us
a
minute
or
two
to
sort
through
which
attendees
are.