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Description
To view the agenda for this meeting go to https://slc.primegov.com/public/portal
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Welcome
to
the
board
of
directors
of
the
Redevelopment
agency
of
Salt
Lake
City,
our
meeting
our
our
meetings
are
public
and
you're
welcome
to
join
us
in
person
on
Zoom
or
by
watching
from
the
city
council
agenda
agendas,
page
Facebook,
YouTube
and
Salt
Lake
City
TV.
We
hope
that
you
will
continue
to
join
us
with
your
manner.
You
feel
more
comfortable
We
Begin.
Our
meeting
with
comments
to
the
board.
A
A
copy
of
the
full
rules
of
the
Quorum
are
available
at
the
door
and
stuff
will
post
the
link
on
soon.
As
some
of
you
might
notice,
we
are,
we
have
switched
from
WebEx
to
zoom
with
this
comes
some
few
changes
and
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learning
curve.
If
you
would
like
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comment
today,
you
are,
we
are
accepting
comments
in
person
and
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on
Zoom
Isaac
Canelo
isakanel
from
our
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A
Please
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Isaac.
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instructions
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Zoom,
Taylor
Hill
and
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wish
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A
Our
staff
adds
the
names
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who
are
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speak
or
turn
into
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comment
card
in
the
same,
in
the
same
order
that
it
was
received,
we'll
call
the
names
we'll
call
the
names
of
people
on
zoom
and
in
person
based
another
order.
Registration
and
I'm
struggling
here
bear
with
me.
If
you
are
on
Zoom,
please
unmute
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When
Taylor
calls
your
name,
we
will
now
open
our
general
comment
period.
Taylor.
Please
start
with
our
first
comment.
A
This
is
fantastic,
that
does
a
great
I
mean
I.
Would
love
to
see
more
people
comments
in
this
meeting,
so
invite
your
friends.
So
we
move
now
to
item
one
General
comments
to
the
board:
the
RDA
World
directions
who
receive
public
comments.
I
think
that
we
just
did
that
we
moved
to
the
public
hearings.
A
C
A
C
A
A
E
E
So
we
are
here
today
really
to
review
housing
and
Transit
reinvestment
zones,
which
is
a
type
of
project
area
also
referred
to
as
htrz's
for
short
and
so
we'll
review
the
general
purpose.
How
these
project
areas
differ
from
from
Community
reinvestment
areas
or
cras
and
then
provide
a
few
updates
regarding
the
hcrz
legislation
that
occurred
earlier
in
this
year
and
also
provide
information
regarding
the
rda's
htrz
requests
that
will
be
centered
around
the
transit,
stop
at
200,
West
and
900
South,
so
to
begin.
E
The
density
must
be
pretty
high
at
50.
Units
per
acre,
10
of
the
housing
must
be
affordable
at
80
percent
of
the
area,
median
income
and
below,
and
then
there
must
be
a
reasonable
percentage
of
units
with
more
than
one
bedroom.
So
it
specifically
asks
for
those
that
the
project
area
promotes
those
things
or
has
those
things
rather.
F
F
F
Just
curious
because
I
think,
if,
if
we're
looking
at
this
I
know
that
one
of
the
goals
for
this
board
and
what
that
we've
talked
about
is
having
that
increased
bedroom
number
but
then
I
don't
want
to
get
pushed
back
from
the
state
or
developers
are
being
like.
This
is
unreasonable
numbers
you
know
of
housing
units
with
more
than
one
bedroom,
and
you
know
we
can't
make
it
pencil
or
whatever
they
the
the
develop
legal.
D
E
F
E
G
E
E
E
So
we
thought
it
might
be
helpful
to
kind
of
do
a
quick
comparison
between
housing
and
Transit
reinvestment
zones
and
then
the
community
reinvestment
areas
which
we're
more
familiar
with.
So
in
general,
again,
the
htrz's
really
promote
those
specific
objectives
of
Transit
oriented
development
and
housing.
G
G
G
We
are
going
to
be
required
for
any
applications
submitted
after
the
middle
of
May
to
include
some
maps
that
were
not
originally
required.
Additionally
the
tech,
the
State
Tax
Commission,
will
be
allowed
to
give
their
thoughts
on
the
application
before
it
is
approved
in
the
future.
This
is
something
of
note
for
the
application
we
are
working
on
right
now.
G
The
the
law
allows
the
parcels
to
be
non-contiguous
and
to
be
triggered
in
phases,
which
you
can
see
why
the
Tax
Commission
requested
to
have
a
say
in
management
of
the
collection
of
that
tax
increment,
because
that
that
will
be
quite
time
consuming
for
them.
I
would
assume
it
also
amended
some
of
the
membership.
Oh,
that's
a
quick.
G
So
what
what
happens
for
for
the
parse
the
project
area
we're
looking
at,
which
is
around
the
900
South
200
West
track
station?
We
because
it's
in
an
opportunity,
Zone.
We
draw
a
half
mile
radius
circle
around
that,
and
then
we
can
pick
up
to
100
acres
of
of
land
in
that,
so
those
Parcels
don't
have
to
be
connected
to
each
other.
It's
just
whatever
is
anticipated
to
develop
I.
G
G
G
Okay,
so
what
we
have
here
this
is
a
map
that
shows
where
our
current
project
areas
are,
and
then
you
can
see
the
yellow
gloves
are
some
of
the
potential
future
htrz
locations
that
we've
discussed.
They,
they
don't
all,
have
to
occur,
but
they
are
potential
ones.
The
Intermodal
Hub
is
is
one
that
does
not
count
towards
the
the
re
The
Limited
eight,
because
it
is
a
front
runner
station.
D
G
I
will
make
an
out
of
that.
We
are
looking
at.
We
included
on
that
list.
You'll
see
the
ballpark
I
know.
There's
there's
been
some
pros
and
cons
going
out
between
different
types
of
options
for
providing
support
for
that
area.
So
you'll
you'll
see
that
there,
but
just
showing
you
that
list
of
potential
locations
at
the
moment.
D
H
G
J
J
A
E
We
really
just
kind
of
have
a
running
list
and
I
think
it's
helpful.
Once
we
get
like
specific
developments,
then
we
can
really
consider
starting
the
application,
so
we'll
definitely
keep
that
the
North
Temple
area
on
the
list
and
check
up
on
how
the
progress
is
going
with
specific
development
plans.
Wonderful.
C
C
Oh
yeah
thanks
so
so
there's
six
and
it's
first
come
first
serve
on
that.
When
you
submit
your
application,
then
you're
it
still
has
to
go
through
the
approval
process,
but
that's
the
next
one.
So
we
just
need
to
make
sure
that
we
know
we
have
a
priority
list.
That's
our
decision
on
that
one
yeah
and
then
we
get
going
through
that.
Okay,
thanks.
I
I
think
yeah
along
the
lines
of
that
and
I
think
we,
when,
when
I
hear
like
well
we'll
wait
to
see
what
developments
kind
of
come
along
and
then
we'll
apply
for
it.
It
makes
me
a
little
bit
nervous
because
I
don't
know
you
know
when
those
will
come,
but
maybe
it's
something
that
we
have
to
proactively
like
look
for
and
maybe
have
proposals
or
things
ready
so
that
we
can
start
if
the
world
decides
that
we
want
to
go
further.
I
You
know
for
the
remainder
that
we
have
things
ready
and
like
the
staff
ready
and
everything
ready
to
to
apply,
because
I
don't
want
to
leave
things
to
chance
where
we
must
just
get
one,
because
we
were
just
waiting
for
development
like
I
know,
there's
development
going
on
so
maybe
we
should
need
to
be
more
proactive
and
be
like
okay,
so
the
things
that
we
know,
let's
go
for
it.
What
are
you
okay
with
this
and
going
for
it?
So
yeah?
G
So
one
of
the
reasons
that
the
app
the
900
South
200
West
location
was
selected
first
is
because
we
were
aware
of
the
most
development
occurring
in
that
area.
There's
about
40
acres
within
the
circle
that
you're
seeing
on
your
screens
of
development,
that
is
in
progress
and
then
there's
about
40
acres
that
in
our
application
we
are
also
including
so
a
total
of
between
80
and
85
acres
of
land
that
we
anticipate
developing
in
the
next
five
years.
Five
to
ten
years.
G
So
we
we
are
taking
a
little
bit
of
your
proactive
approach
on
this
one.
We're
taking
the
known
development
and
those
areas
that
we
anticipate
are
in
the
planning
stages
of
of
applying
for
building
permits
and
getting
their
ducks
in
a
row
to
apply
and
we're
using
that
as
our
Baseline
for
the
upcoming
application.
G
G
Last
last
fall:
when
we
came
to
meet
with
you,
we
we
let
you
know
that
we
were
hoping
to
have
a
very
Equitable
opportunity
for
all
all
developed
landowners
and
developers
in
the
area
to
to
submit
their
plans
to
us
so
that
we
could
include
their
Parcels
in
the
application.
So
last
November
we
sent
out
a
survey
postcard
to
property
owners
and
within
this
circle,
and
also
within
the
650
South
Main
Circle,
we
weren't
sure
which
area
we'd
focus
on.
We
didn't
get
a
very
good
response,
so.
G
Yep
we
we
we,
we
focused
on
them,
so
we
didn't
get
a
lot
of
response
from
them.
We
did
have
a
few
developers
that
have
reached
out
to
us
and
a
consultant
for
one
of
the
developers
has
been
contacting
other
developers
that
they're
aware
of
in
the
area
and
they,
based
on
that
information,
we
received
development
details
for
about
40
acres.
D
I
guess
I'm
having
a
couple
flags
raised
as
to
whether
or
not
we
actually
got
all
of
the.
If
we,
if
we
automatically
removed
anyone
that
appeared
to
not
be
interested
in
development,
maybe
because
there
are
some
multi-family
zones
here
on
which
single
family
properties
exist.
So
I'm
wondering
if
we
didn't
and
where
do
we
miss
people.
G
E
Yeah
and
I
would
add
that
we
kind
of
did
like
a
parcel
by
parcel
review
and
just
really
tried
to
be
intentional
about.
Is
this
likely
to
develop?
Does
it
have
the
correct
zoning
and
we
we
sent
out
the
mailing
to
a
large
number
of
property
owners?
I
would
say
the
majority
in
this
in
this
circle,
so
I
do
think
we
we
did
try
to
reach
out
to
everyone
and
our
intent
was
to
have
to
be
Equitable
in
doing
so.
D
I
think
my
concern
with
the
whole
hdrz
tool
is
that,
because
we're
choosing
parcel
by
parcel,
it
feels
like
really
easy
for
things
to
be
to
fall
through
the
cracks
Parcels.
That
may
actually
benefit
from
this,
specifically,
if
they're
owned
by
smaller
individuals
or
smaller
developers,
that
don't
know
about
the
tool
or
don't
so
I'm
I'm
feeling
a
little
concerned
that
that
could
I
know
I,
know
I'm,
not
saying
the
effort
was
not
made
to
do
that.
D
I
guess
I'm,
a
little
concerned
that
the
result
may
not
be
that
we
actually
caught
everybody,
especially
if
you're
saying
we
did
this.
We
did
this
process.
We
eliminated
these
ones
that
didn't
seem
like
it
was
applicable,
and
then
we
sent
a
postcard
out.
No
one
responded
so
then
this
one
developer
that
had
buddies
that
also
had
land
came
to
us
and
told
us
what
40
acres
to
choose
I'm
feeling
a
little
concerned
that
it's
like
that
one
developers
Network.
G
F
Can
I
respond
real,
quick
to
that
I
I
guess
I
can
sort
of
see
where
you're
coming
from
Council
a
board
member
mono,
but
I
actually
feel
almost
completely
opposite
in
the
sense
that
I
think
that
going
sort
of
personally
parcel
with
the
intent
to
not
gentrify
a
community.
That's
exactly
what
we're
trying
to
do
of
saying.
How
is
this
going
to
fit
within
the
community
itself,
and
how
are
we
looking
at?
What
the
goal
of
the
htrz
is?
What
the
goal
of
our
development
is,
what
the
what
the
identity
of
the
community
is.
F
Are
we
going
out
to
single
family
homes?
Are
we
reaching
like
I,
want
to
know
more
about
that
then?
Okay,
these
personals
can
be
developed
and
not
I.
Think
that
there's
an
intent
behind
this
more
than
more
than
I
would
say
other
project
areas
that
I've
I've
been
a
part
of
in
some
ways
right
that
it
seems
to
me
that
there
is
a
lot
of
intent
going
behind
how
where
and
why
this
is
happening.
L
What
intention
can
you
take
is
the
next
step
of
what
we
then
also
anticipate
having
a
likelihood
develop
so
that
you
can
identify
those
specific
Parcels
within
the
project
area?
It's
not
like
a
CRA
where
you
just
kind
of
throw
a
lasso
around
100
acres,
and
then
you
work
to
develop
it
within
that
hundred
acres.
L
You
have
to
be
specific
in
what
properties
you
try
to
identify,
because
whatever
you
identify
is
what
you
get
to
pull
increment
from
and
whatever
you
pull
increment
from
is
what
then
has
to
develop
in
a
way
that
meets
the
requirements
of
the
statute.
So
when
you're
talking
about
the
density
for
the
area,
when
you're
talking
about
the
affordability,
you
can't
just
have
it
be
a
single
family
home
that
you
hope
at
some
point,
May
develop
into
something
that
may
or
may
not
have,
density
or
affordability.
L
But
how
do
we
set
this
application
process
up
to
where
we
can
meet
the
requirements,
identify
the
properties
and
have
the
ability
to
pull
increment,
but
then
balance
that
with
what
we
put
into
those
specific
projects
and
then
also
have
available
for
other
things
that
we
know
we
want
to
do
from
an
equity
standpoint
or
from
a
larger
Community
benefit
standpoint.
So
we're
really
like
one
of
the
first
to
kind
of
try
to
break
through
the
wall.
In
this
way
the
legislation
is
designed
entirely
for
you
have
one
project.
L
L
So
it's
intentional,
where
you're
pulling
it
from
specific
properties,
you're,
then
turning
around
and
negotiating
with
those
developers
of
okay.
What
what
is
your
project
warrant?
What
is
the
gap?
What
do
we
want?
Our
participation
to
be
those
are
the
specific
development
costs
and
then
the
way
we're
setting
up
is
then
to
also
be
able
to
have
some
of
that
money
from
those
specific
projects
go
to
larger
Community
benefits
as
well.
L
To
qualify
to
receive
the
tax
increment,
yes
and
so
I
think
it's
important
to
note
also
that
what
we're
talking
about
today
is
just
the
application
process
to
set
up
the
htrz.
What
will
come
to
you
as
a
board
will
be
first
and
foremost
an
update
to
our
tax,
increment
reimbursement
agreement
policy
and
that'll
be
specific
to
how
we
participate
within
htrz
and
and
more
specifically,
how
we
we
make
the
case
for
what
we
want
to
participate
in
the
specific
projects
and
what
we
give
developers.
L
So
that
will
be
the
next
step
that
you
all
as
a
board,
get
to
have
that
policy
discussion
of
how
do
we
want
to
then
take
that
increment
and
put
it
into
the
projects
and
what
do
we
want
to
have
available
for
public
benefits?
And
then
you
also
then,
have
the
annual
budget
approval
for
every
htrz.
Just
like
you
can
do
with
our
funds
now
and
every
project
reimbursement
agreement
will
come
to
you
as
well.
D
So
maybe
Mr
chair
my
question,
I'll
change,
my
ask
a
slightly
different
question:
does
the
state
legislation
have
guardrails
around
how
much
or
how
little
of
the
tax
increment
that's
collected
can
or
must
be
spent
on
public
infrastructure
versus
private
developments
versus
any
of
the
above?
No
does
it
have
guardrails
on
if
the
if
we
choose
these
ones
to
collect
increment,
but
there's
a
project
that
we
didn't
know
about
in
time
to
include
in
the
thing,
but
it
has
all
these
public
benefits
that
we
want
to
support.
D
L
Would
say
there
aren't
guard
rails,
I'd,
say
that's
a
big
gray
area
which
I'm
looking
at
Kimberly,
because
I
want
to
see
her
head
explode
as
I
say
that,
but
no
it
Kate
Lauren
correct
me.
If
I'm
wrong,
the
legislation
calls
out
what
the
potential
uses
are
for
how
you
use
the
tax
increment
from
an
hcrz.
But
it's
not
specific
on
how
much
has
to
go
to
the
developers.
G
K
I
G
J
Is
it
correct
to
say
that
when
I,
when
I
did
a
scan
of
it,
it
looked
like
they
had
one
particular
development
that
they
were
so
Sandy
even
had
one
particular
development
that
they
were
focusing
on
correct,
unlike
here
where
it
seems
like
the
staff
is
casting
a
wider
net,
acknowledging
that
there's
more
than
one
development
going
on
in
this
area.
It
seems
like
Sandy
and
Vineyard
have
made
the
policy
choice
to
focus
on
one
development,
correct.
G
G
M
M
K
F
G
And
what
makes
it
so
hard
is
well
not
hard,
but
there's
a
lot
of
gray
and
we
have
to
set
a
cap.
So
what
we
are
submitting
to
this
to
the
state
in
the
application
we
are
looking
at
high
and
highest
and
best
uses
of
the
land.
So
we've
reviewed
the
zoning
and
where
we
anticipate
development
will
likely
happen
based
on
either
the
ownership
or
the
parcel
type
or
the
current
use
for
those
areas
where
we
don't
have
specific
plans
in
place.
G
F
Sorry
Mr,
chair
I
know
that
we're
probably
over
time
I
have
four
days,
but
so,
for
example,
using
this
tool
and
on
that
list
in
the
s
lane
I
mean
right
now.
Today
there
is
one
two
three
projects
I
can
think
of
off
the
top
of
my
head,
that
are
about
anywhere
between
three
and
six
blocks,
away
from
the
S
line
and
so
going
to
sort
of
board.
Member
mono's
issue
is
like
we
have
already
ident.
We
could
already
write
today
identify
those
projects
say
these
could
be
within
the
htrz.
F
L
L
E
Yeah
and
as
you
mentioned,
but
just
to
reiterate,
because
I
think
it's
a
good
point,
we
can
also
we'll
also
be
reviewing
those
things
when
the
individual
developments
come
in
for
their
tax
increment
reimbursement
requests.
So
we
have
a
better
idea
of
what
can
actually
be
done
and
what
we
could
require.
G
A
B
B
So,
since
the
October
board
meeting
the
property
was
conveyed
to
the
bicycle
Collective
and
they
used
fundraising
dollars
to
begin
Construction
in
January
as
they
worked
towards
closing
on
the
RDA
loan.
While
working
on
closing
on
the
RDA
loan
an
opportunity
for
the
new
markets,
tax
credits
became
available
and
they
received
a
commitment
for
tax
credits
in
February.
The
new
markets
tax
credits
require
that
the
bicycle
Collective
leverage
funds
in
order
to
receive
the
tax
credit
equity
and
because
of
this
they
are
coming
back
and
requesting
a
couple.
B
B
Next
slide,
please
so
just
here's
an
update
to
just
the
proposed
loan
terms.
So
with
the
new
Marcus
tax
credit,
they
would
actually
reduce
their
loan
amount
to
up
to
just
1.4
million
the
base
interest
rate
they
are
proposing
to
lock
in
at
that
5.66
interest
rate,
and
then
they
would
qualify
for
for
interest
rate
reductions.
The
term
would
remain
the
same
as
long
as
along
along
with
the
20-year
amortization,
also
as
requested
with
the
new
markets
tax
credit
they
are
asking
for
that.
B
That
means
they
will
also
carry
less
debt,
so
it
makes
it
less
risky
and
the
RDA
will
have
a
lien
on
the
property
in
case
they
are
unable
to
pay
back
the
loan.
The
finance
committee
reviewed
the
request
and
had
no
concerns
and
I'm
happy
to
answer
any
questions
and
I
believe
we
also
have
some
folks
from
bicycle
Collective
online.
If
there
are
any
questions.
I
Long
term
I
have
one
question:
oh
yeah,
so
I'm
not
understanding,
so
we
loan
them
1.75,
and
then
we
learn
a
little
bit
more,
have
a
million
dollars
more
and
now
they're
taking
less
like
they
want
just
1.4
because
they
got
the
new
market
tax,
credit.
Okay,
so
the
loan
amount
is
reduced,
correct,
okay
and
then,
when
you
say
that
they
need
to
pay
it
at
the
end,
the
disbursement
at
the
at
closing.
That
means
that
it
in
the
lump
sum
give
them
the
1.4
million
dollars
here.
B
I
A
K
A
E
Thank
you
if
we
could
pull
up
the
presentation
okay,
so
this
is
a
continuation
from
last
month's
discussion
regarding
fiscal
year,
24's
annual
Housing
Development
funding
strategy,
and
so
we're
here
today
for
your
consideration
to
adopt
this
upcoming
fiscal
Year's
housing
funding
priorities
used
to
guide
the
art
how
the
RDA
funds
housing
projects
over
the
course
of
the
next
budget
year.
We
can
flip
to
the
first
slide.
B
C
B
So,
as
discussed
in
last
month's
meeting,
once
we
have
housing
fund
projections,
we
anticipate
allocating
funds
towards
kind
of
these
activities.
These
activities
on
the
slide
that
will
help
accomplish
the
goals
in
the
previous
Slide,
the
dollar
amounts
and
the
housing
activities
will
be
brought
to
the
board
next
month
as
part
of
the
as
part
of
the
budget.
B
B
So
for
today,
the
board
may
wish
to
consider
the
adoption
of
the
resolution
to
approve
the
funding
priorities
for
fiscal
year
24
and
next
month.
The
proposed
funding
allocations
to
the
housing
funds
and
activities
will
be
brought
back
to
the
board
with
a
budget
presentation
and
the
funds
and
housing
activities
will
be
approved
as
part
of
the
RDA
budget
in
June
we're
happy
to
answer
any
questions.
D
Have
a
question
Mr,
chair,
I'm
interested
in
the
wealth
building
opportunities,
priority
and
I'm
wondering
how
what
we
might
expect
in
this
upcoming
budget
to
see
happening
on
that
front.
I
know
it's
a
loaded
question
in
some
ways,
but
I
think,
but
to
me,
that's
really
important
to
figure
out
like
how
how
what
programs
we're
creating
and
implementing
where
they
sit.
I
know.
That's
another
big
loaded
question
is
it?
Is
it
a
priority?
That's
written
here:
do
we
have
some
direction
as
to
how
we're
going
to
accomplish
that
this
year,.
B
Yeah,
so
in
last
month's
presentation,
we
described
that
as
that
priority
as
a
way
to
encourage
things
like
shared
Equity
programs,
home
ownership,
different
to
other
different
means
of
achieving
kind
of
wealth
building.
So
there's
like
co-ops
or
some
other
programs,
like
that
so
I
think
through
this
next
year,
I
think
we'll
focus
on
if
you,
if
we
can
go
back
to
I,
think
the
third
fourth
slide
this
slide.
Thank
you.
Oh
the
blue
slide.
So
our
housing
activity
would
be
focused
on
an
equity
building
model
and
I.
F
Real
quick
and
my
understanding
and
if
I'm,
overstepping
or
anything,
is
that
part
of
this
comes
from
the
money
that
we
had
original
that
the
the
perpetual
housing
fund.
Thank
you
Allison
for
that
that
the
idea
was
that
from
hand
that
was
going
to
maybe
join
the
nofa
team
and
so
you're
still
working
at
what
this
Equity
Building
model
looks
like.
Is
that
accurate
or
something
along
those
lines
that
this
is
kind
of
this
new
idea
of
that?
F
B
I
think
that's
one
component
that
could
fall
under
that
this,
but
I
think
when
we
came
up
with
this.
This
was
more
General.
We
didn't,
we
didn't
have
a
specific
program
or
anything
in
mind.
This
was
kind
of
carry
over
from
last
year
where
we
had
the
priority
as
home
ownership,
and
we
wanted
to
broaden
that
because,
as
we
kind
of
learned
through
the
last
year,
there
are
a
lot
of
different
ways
to
like
build
Wealth,
Beyond,
Just,
Like,
Home,
Ownership,
so
I
think
the
Perpetual
housing
fund
could
potentially
fit
under
this.
D
D
Could
we
could
we
have
a
different
sort
of
threshold
threshold,
not
threshold
sort
of
requirement
put
in
so
that
we
can
ensure
that
there's
some
things,
because
we've
been
talking
about
Community,
Land
trusts
and
things
like
that
for
many
years
and
I
I
the
more
I
learn
about
these
things.
The
more
I
think
that
we
really
I
really
want
to
move
faster
on
some
of
them,
so
I'm
wondering
what
the
tool
as
a
board
we
have
in
order
to
ensure
some
reasonable
progress
happens
on
on
that.
B
J
It's
my
understanding
that
it
will.
The
RDA
staff
will
administer
the
contracts
and
you
know
the
proposal,
but
we're
still
working
through
the
questions
on
that
proposal.
So
yes,
pay
attention
to
the
annual
budget,
but
also
in
the
city
budget.
Amendment
number
six
because
that's
where
part
of
it
will
come.
J
C
I
So
we
also,
you
know
we
as
a
city
I,
feel
like
we
need
to
intervene
in
those
things
that
are,
the
market
is
not
doing
on
their
own
and
that's
where
we
spend
our
our
money
so
I
wanted
to
make.
Maybe
you
can
ex
just
like
the
description
of
each
of
them,
maybe
affordable,
family
family
housing?
Does
that
mean
we're
giving
priority
to
just
people
that
are
building
three
or
more
units
that
are
80
or
below?
Or
what's
that
like?
What
does
affordable
family
housing?.
E
Mean
sure
and
a
specific
way,
we're
implementing
that
is
through
the
competitive
nofa
that
we
release
every
summer
and
the
threshold
there
is
that
10
percent
of
units
are
either
deeply
affordable
or
family
size.
So
there
would
still
be
that
mix
of
affordability,
affordability,
levels
and
sizes,
because
the
threshold
is
that
10,
because
we
weren't
seeing
that
when
we
didn't
have
that
specific
requirement,
but
we're
also
keeping
those
priorities
in
mind
as
we
do
like
property
dispositions
and
there
we
can
require
again
that
mix
of
units
mix
of
incomes
on
properties
that
we
develop
ourselves.
E
I
Is
it
something
that
we
can
do,
perhaps
if
we
already
have
used
the
10
for
deeply
affordable
house,
so
we'll
give
you
a
priority?
If
you,
you
know,
if
your
project
has
10
percent
at
least
deeply
affordable,
can
we
add-
and
we
also
give
you
a
priority
if
you
do
10
for
the
a
80
to
120,
Ami
versus
or
maybe
the
80
Ami
versus
going
full
on
marker
rate,
you
know,
90
of
your
units
are
very,
not
affordable.
You
know
to
the
to
the
common
worker.
You
know
ordinary
worker
we
cannot
afford.
That
is
that.
B
I
Right
so
and
that's
the
point,
that's
the
point
like
the
six.
You
know
we
we're
helping
for
sure,
and
you
know
we're
doing
a
good
job
at
you
know
using
our
money
to
help
with
the
the
deeply
affordable
housing.
But
then
that's
the
other
portion
of
the
segment
of
the
Amis
that
are
not
people
in
that
segment
that
we
don't
talk
about,
cannot
find
housing
in
Salt,
Lake,
City.
K
A
I
think
the
board
selected
this
right
with
the
missing
metal
and
some
other.
You
know
strategies
on
this
right
and
so
I.
We
already
sort
of
talking
about
it.
I
don't
know
if
the
impact
has
been
there
yet
because
we're
still
working
through
the
process,
but
in
the
transmitter
from
my
on
February
24th,
you
guys
Define
the
impacts
done
on
this
specific.
A
K
D
I
D
Yeah
at
APA
I
went
to
like
back-to-back
sessions
where
they
used
the
term
for
both
things
differently.
So
I
think
that
term
is
not
necessarily
clearly
defined,
but
it
it
can
mean
both
I
think
the
difficulty
is.
We
don't
want
to
say
that
every
project
needs
to
include
some
missing
middle
either
in
income,
because
permanent
Supportive
Housing
is
By
definition,
most
likely
going
to
be
100
deeply
affordable,
and
we
want
to
have
room
in
our
policy
to
fund
those,
but
maybe
like
Area
Wide.
D
F
But
I
have
seen
the
projects
come
through
right,
where
we're,
and
especially
since
we
have
had
these
discussions
over
and
over
again
about
what
we're
looking
at
and
that
we
want
like
not
just
all
affordable
on
the
west
side,
and
we
don't
want
just
Margarita
on
the
east
side
and
we
don't
want.
We
really
I
feel
like
are
doing
a
great
job.
Well,
the
staff,
not
us,
because
we
just
talk
doing
a
great
job
at
saying.
Okay,
we've
heard
the
board
say
they
want
this
array
of
things.
F
A
Which
I
councilman
board
member
father?
You
reached
your
limit
of
comments,
it's
just
joking,
just
joking!
No,
it
was,
it
was
a.
It
was
a
joke
to.
We
just
talk,
so
we
so
I
this.
You
reminded
me
of
what
I
just
asked
you
if
I
think
if
it
was
appropriate,
which
is
all
this
work
that
this
board
has
done
over
the
years
and
I.
This
is
a
segue.
A
You
know
to
something
else,
but
I
think
it's
related
to
the
work
that
the
board
has
done
over
the
years
is,
and
and
the
RDA
staff,
and
mostly
the
RDA
staff,
because
she's
right,
we
mostly
talk
is:
can
we
have
a
one-pager
that
is
helpful
to
see
what
has
been
done?
The
impact
the
RDA
has
done
as
far
as
units
and
I
know.
You
have
this
information,
but
you
just
Consolidated
and
refreshing.
A
It
Up
bubble
it
up
in
our
email
address,
email
because
there's
a
lot
of
questions
in
social
media
or
you
know,
I
I
make
the
mistake
of
reading
comments
out
there
and
what
is
Salt,
Lake
City
doing
you
know
and
I
know
that
the
work
has
done
by
by
you
guys
has
been
incredible.
We
always
need
to
improve,
but
it's
been
incredible
and
I
think
we
need
to
have
something
to
to
refer
to.
A
I
I
I
The
church
said
we
do
need
maybe
that
informational
sheet,
so
that
we
know
so
that
we
can
plan
for
the
future
and
when
I
say
plan
for
the
future,
I
mean
okay,
we
can
figure
out.
This
is
what
we've
done.
This
is
what
we've
been
able
to
help,
and
these
are
the
things
that
probably
we
need
to
start
thinking
about.
You
know
doing
in
the
next
few
years,
because
obviously
it
takes
some
time.
So
it's
never
too
early
to
start
thinking
about
what
we
can
do
in
the
future
and
I.
I
Think
that's
where
I
was
going
with
this
okay,
let's
figure
this
out
and
then
start
talking
today
and
then,
hopefully,
in
two
years
we
or
whenever,
hopefully
before
that
we
start
implementing
because
we
talked
about
with
building,
we
talked
about
home
ownership,
but
we're
not
there.
Yet
we
haven't,
like
you
know,
the
shop
is
not
Shuffle
already.
I
If
you
will,
you
know,
we
don't
have
a
project
already
of
some
things
that
we
talked
about
already
in
a
year
or
two
before
so
that's
where
I'm
trying
to
go
for,
let's
figure
out
what
we've
done
so
far,
since
maybe
Amy
you
know
started
at
the
council
and
then
see
what
else
we're
gonna
do
in
the
next
two
three
years.
Thank.
B
B
We
have
in
our
March
memo
attachment
B
the
from
the
housing
discussion,
then
there's
an
attachment
that
shows
all
of
the
affordable
housing
investment
they
already
has
done
since
2011,
so
that
I
think
that
provides
a
good
summary,
but
we're
happy
to
provide
more
details.
If
you
need
beyond
that,
and.
N
Actually
I
was
going
to
suggest
if,
if
board
members
agree
this
because
I
love
this
summary
I
use
it
all
the
time
it
does
have
a
lot
of
detail.
It
does
go
back
20
years
or
so
you
might
want
something
a
little
more
recent
like
something
that
just
focuses
on
the
last
I.
Don't
know
10
years
five
years
or
whatever
you
like,
but
that's
up
to
you
guys
I.
A
I
think
I
will
appreciate
that
and
I
I
sort
of
envisioned
this
almost
like
the
the
console.
The
administration
gives
us
an
update
almost
in
every
meeting
about
the
specific
topics
that
this
the
council.
This
wants
to
see
an
update
on
that
we
we
have
that
freshen
up
in
our
minds
and
the
public
can
see
every
time
that
we
start
this
the
board
meeting
an
update
on
this.
It
might
not
happen
every
meeting,
but
you
know
regularly
a
little
update
on
the
impact
that
this
that
these
decisions
are
making
in
the
community.
C
A
K
A
Is
for
a
member
of
Wharton
online
can
hear
him,
so
it's
six
on
one
absent
for
the
positive
we're
moving
ahead
with.
Thank
you
so
much.
Thank
you.
We're
moving
ahead.
On
item
number
five
resolution:
the
RDA
budget
amendment
number
three:
for
fiscal
year,
2022
2023
at
the
table
I've
been
lucky
council
member
policy,
analyst
Danny,
Waltz,
RDA,
director.
O
The
budget
amendment
has
requested
changes
to
15
project
areas
and
funds.
Total
revenues
are
up
6.1
million
dollars,
which
is
good
news.
There
are
two
notable
Revenue
decreases.
There
is
a
one
and
a
half
million
dollar
decrease
in
the
central
business
district.
The
downtown
and
a
1.3
million
dollar
decrease
for
the
Housing
Trust
Fund,
that's
from
repayments
of
existing
loans
being
less
than
budgeted.
O
Most
of
the
46
individual
items
are
true
up,
adjustments
that
are
legally
required
and
they
fall
into
three
general
areas.
First,
are
taxing
entity
payments;
these
are
pass-throughs
that
go
to
the
RDA
and
then
go
to
the
county
or
the
school
district.
Those
are
governed
by
the
interlocal
agreements
between
the
RDA
and
each
of
the
taxing
entities.
O
O
The
the
reimbursements
are
post
performance,
so
this
means
that
the
payments
are
not
made
until
the
conditions
are
met,
such
as
the
county,
confirming
that
there
has
been
an
increase
in
the
assessed
value
of
the
property,
and
the
third
is
state
law
requirements.
Setting
aside
funding
in
certain
project
areas
for
affordable
housing,
so
I'm
not
going
to
focus
on
those
legally
required
items.
I
just
wanted
you
to
know
that
most
of
the
46
individual
items
fall
into
those
three
buckets.
O
O
O
You'll
see
five
we're
calling
them
transition
holding
accounts
that
are
proposed
in
this
budget
amendment,
and
these
holding
accounts
are
for
Revenue
that
came
in
above
budget,
which
is
good
putting
them
in
a
holding
account.
So
as
the
city's
transitioning
to
the
new
Financial
system,
those
will
be
held,
they
won't
lapse
to
fund
balance
at
the
end
of
the
fiscal
year
and
then
the
administration
will
come
back
to
consider
how
to
use
those
transition
holding
accounts
next
fiscal
year.
O
O
O
So
in
the
First
Column
it's
the
the
project
areas,
then
the
budget,
then
what
the
forecasted
change
is.
The
variance
column
tells
you
how
much
the
change
is.
So
the
red
amount
in
the
central
business
district
is
part
of
that
overall
decrease
I
mentioned
earlier,
and
the
column
on
the
right
is
the
percent
of
the
total
transfer,
and
you
can
see
that
the
central
business
district,
even
with
the
decrease,
is
still
contributing.
More
than
half
of
the
funding
for
the
administration
budget.
O
There
are
increases
to
charges
and
services,
288
thousand
dollars
and
a
360
000
increase
for
operating
and
maintenance.
Those
increases
will
double
those
budgets
for
the
rest
of
this
fiscal
year
and
there's
two
policy
questions.
One
is
about
the
overall
calculation
of
the
administration
budget.
There's
currently
no
policy
guidance
for
how
much
a
project
area
should
contribute.
O
One
thing
you'll
note:
that's
not
on
the
table
are
some
of
the
RDA
funds
like
project
income
fund
and
the
revolving
Loan
Fund
they're,
not
contributing,
but
they
could.
So
if,
if
you're
interested,
you
could
request
the
administration
work
on
draft
policy
guidance
for
how
to
make
these
calculations
as
well
as,
if
there's
an
unexpected
shortfall
or
if
there's
excess
more
than
we
expected
how
to
handle
that.
J
I
have
raised
recently
that,
as
the
RDA
has
been
taking
on
more
and
more
like
city-wide
housing
work,
there's
absolutely
nothing
in
statute.
That
says
that
the
general
fund
could
not
contribute
towards
the
Staffing
costs,
the
administrative
costs
of
the
RDA,
and
so
just
throwing
that
out.
There
is
another.
You
know
in
addition
to
looking
at
the
other
RDA
accounts
that
aren't
currently
contributing
towards
Administration
that
that's
also
a
legal
tool.
O
D
O
It
we
do
have
this
for
reference,
since
the
question
often
comes
up
and
you'll
notice.
The
depot
district
and
The
Granary
District
are
the
next
ones
coming
up
that
have
an
expiration
date
when
they
will
no
longer
collect
property
tax
increment.
The
depot
district
is
next
year.
2024
and
The.
Granary
is
the
year
after
2025.
O
I
I
have
a
question
on
The
Granary.
It
seems
pretty
low
what
we
get
it's
pretty
low,
but
has
it
always
been
this
low
or
okay,
and
even
with
all
the
development
that
is
happening
in
that
area?
Do
we
forecast
I
mean?
Do
we
forecast
I
will
get
a
bigger
chunk
next
year,
I'm
trying
to
think
if
we
ought
to
exp?
You
know
to
extend
this
one
because
of
all
the
interest
that
it's
in
that
area
or
if
wishes.
This
is
the
one
that
we're
like
you.
L
Know
yeah
it's
always
been
low
because
it
hasn't
seen
growth
until
recently.
As
we
know,
the
growth
that
you've
seen
is
probably
just
this
will
probably
be
the
first
year
that
really
truly
hits
the
tax
rolls.
So
I
would
assume
that
we
will
experience
a
bump
for
the
last
two
years
of
collection
and
then,
as
far
as
extending
that,
that
is
the
the
main
consideration
for
why
that
htrz
is
priority
number
one,
because
that's
somewhat
acting
as
an
extension
of
Granary
and.
J
K
L
I
A
Have
a
question
about
I
guess:
I
might
not
be
understanding
correctly,
but
the
budget
amendment
the
column
for
the
forecast
is,
is
it
forecast,
but
the
assess
the
assess
values
from
the
county
haven't
yet
are
not
official
for
this
fiscal
year
right?
Is
that
correct
they've,
given
us
preliminary
numbers?
Okay?
So
that's
based
on
those
preliminaries
exactly
okay,
but
so
there
might
be
a
variance
right
after
that
when
the
final
numbers
are
actually.
O
A
O
If,
if
that's
it,
for
the
admin
budget,
I'll
go
through
the
different
project
areas
and
funds
next,
so
we
can
take
down
the
the
table.
Thank
you,
Scott.
Thank
you.
Ben
first
is
the
central
business
district.
It
has
the
one
and
a
half
million
dollar
decrease
we
just
discussed.
There
are
indications
that
might
be
driven
by
hotels
in
shopping
centers.
The
administration
is
still
looking
into
what
is
driving
that
unexpected
decrease.
O
O
So
that
being
said
in
future
budget
openings,
you
may
see
requests
to
add
additional
funding
to
that
holding
account
to
buy
property
in
the
downtown.
The
board
could
have
a
conversation
about
what
kinds
of
property
would
be
targeted
and
that
would
help
inform
how
much
funding
would
likely
be
needed
to
purchase
property
downtown.
O
Next
is
block
70..
This
is
the
Eccles
theater
and
Regent
Street.
So
it's
between
100
and
200
South
between
Main
Street
and
State
Street.
There's
one
change:
it's
twenty
five
hundred
dollars
to
a
holding
account
for
the
Regent
Street
parking
structure.
The
RDA
has
some
responsibility
to
contribute
to
the
maintenance
and
repairs
of
that
parking
structure.
We
don't
have
a
targeted
funding
amount,
so
we
don't
know
how
much
we
need
in
that
account.
But
we
know
it's
going
to
be
something.
A
O
O
There
was
a
tax
increment
reimbursement
agreement
that
has
ended
so
instead
of
those
instead
of
funds
being
needed
for
the
reimbursement
they
are
now
available
for
discretionary
uses.
So
in
the
last
two
years
of
the
depot,
District
there'll
be
a
little
more
flexibility
ability
than
there
otherwise
would
have
been.
O
There's.
Also
a
25
000
increase
for
miscellaneous
property
expenses,
so
utilities
you
know
the
cost
of
natural
gas
has
gone
up
maintenance
and
minor
repairs.
There's
a
another.
Twenty
five
thousand
dollars,
that's
going
to
the
revolving
Loan
Fund,
and
this
would
complete
a
repayment
from
the
depot
District
to
the
revolving
Loan
Fund.
It
was
last
fiscal
year
there
was
a
one-time
transfer
from
the
revolving
Loan
Fund
to
purchase
property
in
the
depot
district,
and
this
is
the
last
payment
back
to
make
the
revolving
Loan
Fund
whole.
O
O
In
North
Temple,
you
might
remember
this
from
recent
years.
There
is
a
transfer
to
the
general
fund
from
the
North
Temple
Viaduct
project
area,
and
this
is
to
compensate
the
general
fund
for
fronting
payments
on
a
bond
that
was
used
to
build
the
bridge
the
viaduct
there.
The
understanding
was
the
general
fund
is
responsible
for
in
making
those
Bond
payments,
while
the
North,
Temple
Viaduct
project
area
would
fully
reimburse
the
general
fund
for
those
Bond
payments.
Now,
there's
been
a
lot
of
growth
in
that
area.
O
It
is
now
generating
more
tax
increment
each
year
than
the
cost
of
making
those
Bond
payments,
which
is
great.
So
two
of
the
policy
questions
are:
has
the
administration
evaluated
repaying
the
bond
early
if
that's
an
option,
and
if
there
would
be
any
benefits
to
that?
The
other
question
is:
when
is
the
general
fund
projected
to
be
made
fully
whole
for
those
Bond
payments?
And
then,
if
you'd
like
to
provide
policy
guidance
on
what
to
do
with
the
tax
increment
after
the
general
fund
has
been
made
whole.
C
O
J
M
K
K
O
J
It
was
before
there
was
a
it
was.
It
was
essentially
in
the
same
year
as
the
project
area
was
first
established
and
there
was
no
development
on
the
land,
and
so
the
city
essentially
floated
those
Bond
payments
for
the
first
couple
years,
kind
of
hedging.
The
bet
that
eventually
development
would
come
and
repay
the
general
fund,
and
that
has
proven
out
and.
J
D
I
I
guess
I'm
open
to
either
of
those
I
would
like.
The
information
that
you
asked
for
in
terms
of
like
when
the
general
fund
is
repaid
in
whole,
but
I'm
not
neces
for
me
specifically
I
would
be
open
to
not
repaying
the
general
fund
and
keeping
that
in
the
North
Temple
area
to
benefit
the
the
west
side
and
the
North
Temple
Project
area,
rather
than
going
back
to
the
general
fund.
F
I
was,
in
fact
just
gonna,
say,
I
think
putting
it
either
into
the
northwest
or
North
Temple
catalytic
project
kind
of
like
we
can
continue
adding
to
that
and
because
I
don't
think,
we've
figured
out
totally
what
we're
doing
with
that,
but
adding
more
to
it
to
create
more
money
to
incentivize
in
that
North
Temple
catalytic
project
fund
or
the
Northwest
Community
initiative
fund
would
make
the
most
sense
forward
that
and
Mary
Beth
is
up
here
so
I
feel
like
she's
going
to
tell
us.
We
have
an
obligation
or
something
no.
P
P
O
If
there's
nothing
more
on
this
one
we'll
go
to
the
Northwest
Quadrant
project
area,
there's
a
proposed
fifty
four
thousand
dollars
to
be
added
to
the
shared
costs
holding
account.
There
are
no
specific
projects
for
this
holding
account
at
this
time.
There
would
be
a
little
over
a
hundred
and
fifty
thousand
dollars
in
the
account
the
the
idea
is
to
have
funding
available
to
contribute,
and
this
could
be
in
combination
with
the
general
fund,
such
as
CIP,
to
do
improvements
that
benefit
the
entire
Northwest
Quadrant
project
area.
O
There
might
be
a
possibility:
the
administration
is
working
on
a
capital
asset
plan.
This
is
like
a
five-year
CIP
plan.
There
could
be
an
opportunity
to
include
this
funding
in
that
plan
so
that
it's
not
just
general
fund,
but
you
could
also
look
at
RDA
sources
to
try
and
leverage
multiple
accounts.
C
O
That
takes
us
to
State
Street.
This
also
has
a
transition
holding
account.
It
would
be
1.3
million
dollars
and
a
reminder.
There's
a
separate
property
acquisition
holding
account
in
State
Street
that
has
over
2.1
million
dollars
similar
in
the
nine
line.
There
is
770
thousand
dollars
for
a
transition
holding
account
and
there's
a
separate
property
acquisition
holding
account
that
has
959
thousand
dollars.
O
That's
it
for
the
project
areas,
there's
two
funds
that
are
also
included
in
the
budget
amendment.
There's
the
primary
housing
fund,
a
reminder
that
state
law
lets
the
RDA
fund,
housing
at
80
percent
or
below
city-wide,
not
just
in
Project
areas,
the
primary
housing
fund.
It
would
have
a
decrease
to
an
existing
holding
account
for
property
acquisition.
O
The
policy
question
is
about
how
that
964
thousand
dollars
for
property
acquisition,
how
that
is
different
or
how
it
relates
to
a
separate
holding
account
for
property
acquisition,
which
is
just
a
little
more.
It's
one
million
dollars
for
affordable
housing.
They
seem
similar
I'm,
not
sure
if
there
are
intended
differences.
F
I
ask
a
huge
favor,
then:
is
there
any
way
to
just
put
all
of
these
numbers
and
where
things
are
going
like
like
in
a
table,
my
brain
looks
at
things
in
that
sort
of
table-esque
way,
as
you
know
and
I
think
putting
like
where
it's
coming
from
and
how
much
is
going
there
and
the
final
balance
or
whatever
it.
These
would
be
really
helpful.
I'm.
Sorry,
I,
don't
want
to
give
you
more
work,
but
is
that
possible
to
do.
A
O
O
The
last
items
this
is
actually
legally
required,
but
it's
new,
so
we
wanted
to
point
it
out
for
the
board:
there's
375
thousand
dollars
for
a
school
district,
family
and
Workforce
housing
account
the
agreement
between
the
school
district
and
the
RDA
limits.
These
funds,
it's
a
portion
of
their
tax
increment
to
family-sized
housing,
three
or
more
bedrooms
and
Workforce
housing.
So
putting
these
into
a
separate
account
will
allow
for
easier
and
better
tracking
going
forward.
M
L
I
I
think
the
answer
to
that
is
yes,
very
much
so
I
think
the
school
district
would
appreciate
if
we
leverage
it
but,
as
Ben
said,
the
main
goal
right
now
is
just
to
track
it.
So
we
can
demonstrate
to
the
school
district
we're
meeting
the
obligation,
obviously
as
you
as
a
board,
have
put
family
housing
as
a
threshold
priority
for
funding,
we're,
probably
more
than
meeting
the
obligation,
and
it's
just
a
matter
of
making
sure
we're
able
to
demonstrate
that.
Thank
you.
F
Sorry
one
last
question:
this
is
a
logistical
question
and
maybe
Jen
you
can
help
me
answer
it
as
I.
Look
at
the
project
timeline.
The
potential
action
is
May,
9th
or
June
13th,
which
is
during
our
budget.
So
some
of
these
things
are
legal,
and
this
is
a
budget
amendment.
Do
we
need
to
take
action
prior
to
those
dates,
especially
it
was
sort
of
legal
ones
that
we
need.
F
J
In
the
newly
in
the
throes
of
the
budget,
yet
technically
you
can,
and
we
have
adopted
budget
amendments
on
the
same
night
as
the
annual
budget,
which
is
funny,
but
it
happens
so
I
think
if
you
could
give
a
sense
to
Banner
staff
of
which
items
feel
easy
or
if
you
just
want
to
approve
the
legally
required
items
on
May
9th
and
then
continue
discussions
into
May
and
June
for
the
other
items.
I
think
that's
fine
or
we
could
coordinate
discussions
with
the
annual
budget
if
it
makes
sense.
Mr.
F
Chair
and
other
Mr
chair,
we
have
in
the
past,
had
sort
of
an
extra
RDA
meeting
during
a
council
meeting
and
I'm
just
wondering
if,
if
so
that,
we
can
act
on
May
9th
if
there
would
be
a
way
between
now
and
May
9th.
Even
though
there's
a
public
hearing
and
we
potential
action.
Sometimes
we
don't
act
on
public
hearing
nights,
but
we
also
have
done
that
in
the
past.
F
It
kind
of
for
me
personally,
so
my
I'm
just
throwing
out
the
suggestion
that
if
there
would
be
another
Council
date
where
we
could
throw
this
RDA
agenda
on
for
if
there's
like
a
final
briefing
and
then
be
able
to
act
on
May
9th,
because
for
me
like
just
having
that
table,
then
I
would
be
able
to
say
yeah.
All
of
this
looks
good
or
I
might
have
a
question
here,
and
maybe
we
should
just
do
the
legal
stuff
right
now
I'm
like
yes,
this
all
looks
good
right,
as
is
right.
J
So
we
yeah-
and
we
haven't,
had
a
chance
to
review
this
with
RDA
staff.
Yet
I
was
supposed
to
send
you
a
text
yesterday,
but
we
had
reviewed
with
the
council
chair
potentially
discussing
the
RDA
Budget
on
May
16th,
so
like
the
annual
RDA
Budget
on
May
16th,
because
we'll
be
working
furiously
to
understand
the
city
budget
for
May
9th,
so
that'll
give
our
staff
the
bandwidth
to,
which
is
what
we've
done
in
in
the
years
past
is
have
the
regular
RDA
meeting
on
May
9th,
which
is
their
regular.
F
D
I'll
just
add
on
to
that.
There's
also
nothing
in
this
that
I
feel
concerned
about
that.
I
need
like
extra
time.
The
two
pieces
that
I
want
to
continue
thinking
about
are
what
we
do
with
additional
money
in
the
North
Temple,
whatever
Viaduct
area,
I
I
think
I'm,
leaning
towards
keeping
it
in
that
area
and
then
the
other
one
which
I
don't
think
is
actually
part
of
this
budget.
Is
that
the
discussion
about
having
general
fund
transfer
to
RDA
Administration
for
things
that
we're
asking
RDA
to
do.
D
That
may
be
not
entirely
exactly
in
the
rda's
Mandate
I'm
open
to
that
discussion
as
well,
but
that
can
be
a
totally
different
thing
right,
yeah,
but
in
terms
of
the
whole
discussion,
we've
had
right
now.
Everything
else
feels
like
I'm
comfortable
with
so
I
would
be
okay
with
it
more
advanced
timeline.
D
O
The
there's
one
more
item
the
board
will
recall
the
Housing
Trust
Fund
was
transferred
to
the
RDA.
This
is
the
first
full
fiscal
year.
The
RDA
has
had
the
Housing
Trust
Fund,
as
I
mentioned
earlier.
There's
a
1.3
million
dollar
decrease
in
Revenue
less
than
budgeted,
since
the
repayments
were
less
than
expected.
So
the
policy
question
is,
if
you
would
like
more
information
from
the
administration
about
how
many
loans
are
in
the
portfolio.
O
A
A
L
What
has
been
a
lot
of
work
with
that
budget
amendment,
so
I
wanted
to
make
sure
I
thank
them
publicly,
because
that's
a
ton
of
work
that
goes
into
that
and
as
much
as
we
try
to
simplify
it
every
year,
I
think
every
year
we
add
layers
of
complicating
line
items.
So
thank
you
for
your
patience
and
that
appreciate
all
your
your
help.
That's
all
I.