►
Description
To view the agenda for this meeting go to https://slc.primegov.com/public/portal
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I
truly
I
am
truly
sorry
that
this
has
affected.
My
colleagues
on
the
council,
as
well
as
the
mayor,
City
staff
and
the
city
as
a
whole,
well
I'm
grateful
for
the
Personal
Expressions
of
concern
and
support
that
I
have
received
I
want
to
say
that
I
truly
regret,
causing
any
distraction
from
the
important
work
that
is
happening
at
the
city.
B
I,
truly
apologize
to
my
constituents
to
my
colleagues
on
this
Council
and
to
the
city
I
recognize
that
this
city
may
have
caused.
That
excuse
me
that
this
incident
may
have
caused
a
lack
of
trust
and
I
will
work
hard
to
rebuild
that
trust.
I
believe
we
are
a
community
of
compassion
and
forgiveness.
B
I
am
deeply
committed
to
working
through
these
issues
with
my
therapist,
and
my
God
I
also
want
to
assure
you
that
this
experience
has
not
affected
my
dedication
and
my
commitment
to
the
work
for
this
city.
I
will
continue
to
work
hard
for
and
represent
the
residents
of
district
7
and
the
entire
city.
Thank
you.
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Thanks
for
joining
us
today,
before
we
start
I
want
to
remind
everyone
about
our
rules
of
decorum
which
are
in
place
in
order
to
ensure
our
meetings
move
along
well
and
to
help
everyone
feel
comfortable
in
sharing
their
comments.
A
copy
of
the
full
rules
of
decorum
are
available
at
the
door
and
our
staff
will
post
them
in
the
zoom.
As
some
of
you
have
noticed,
we've
switched
our
platform
from
WebEx
to
zoom.
This
comes
with
a
few
changes.
D
If
you
do
need
to
speak
with
our
staff,
please
select
ezac
spelled
I-s-a-a-c
canado
from
the
list
of
participants.
If
you
need
to,
you
can
also
raise
your
hand
in
Zoom
to
indicate
that
you
need
something
from
The.
Host
Taylor
Hill
from
our
staff
will
also
be
calling
those
of
you
who
wish
to
comment
based
on
the
order
we
received
the
names.
If
you
are
on
Zoom,
please
unmute
your
mic.
When
Taylor
calls
your
name,
we
will
now
open
our
general
comment
period.
Taylor.
Please
start
with
our
first
comment.
D
We
only
have
one
public
hearing
item
and
that
is
a
B1
resolution
on
the
RDA
budget,
amendment
on
the
rda's
budget,
amendment
number
three:
for
fiscal
year,
2022-2023
the
same
rules
of
decorum
apply
in
from
our
public
General
comment
portion
before
we
begin
taking
comments.
I'll
turn
the
time
over
to
bed
ledkey
from
Council
staff,
a
policy
analyst
to
give
a
short
introduction
to
this
item.
Thank
you.
Ben.
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Aye
any
post
say:
nay,
all
right
that
passes
unanimously
with
council
members,
Pui
and
Fowler
absent.
We
will
now
enter
our
closed
session
and
when
we
return,
we
will
begin
with
a
Redevelopment
agency
business.
Look
for
emotion,
sorry,
everyone
who
just
shuffled
in
it
was
great
to
see
you
and
we'll
see
you
again
in
a
minute.
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F
Two:
okay:
this
is
a
follow-up
briefing,
we'll
start
with
the
table
on
page
one
of
the
staff
report.
If
we
can
get
that
up
on
the
screen,
the
previous
briefing
was
using
tax
increment
numbers
that
had
been
estimated
by
the
county,
and
we
now
have
final
confirmed
numbers
from
the
county
which
are
different.
So
the
last
budget
amendment
for
the
RDA
of
each
fiscal
year
is
a
true
up
where
we
take
the
estimated
amounts
and
then
we
adjust
them
based
on
actual.
F
F
So
you
see
at
the
very
bottom
in
the
right
hand,
corner
the
final
confirmed
amounts
are
six
hundred
and
twenty
thousand
dollars
less
than
the
county,
estimated
across
all
of
the
project
areas,
but
compared
to
what's
in
the
annual
budget,
it's
five
and
a
half
million
dollars
more
than
estimated
every
project
area
except
the
central
business
district.
All
the
other
project
areas
have
more
property
tax
increment
than
estimated.
F
Okay,
so
let's
go
to
page
two:
this
is
a
summary
table
of
the
discretionary
items,
so
most
of
the
47
items
in
the
budget
amendment
are
legally
required
and
those
automatically
adjust
based
on
the
actual
property
tax
increment
that's
received.
These
are
the
pass-through
payments
to
taxing
entities,
mostly
the
city,
the
library,
the
school
district.
They
are
property,
tax,
increment
reimbursement
agreements
with
private
property
owners,
and
there
are
other
legal
obligations
and
contracts
as
well,
so
those
are
automatically
adjusted
Scott.
Can
we
go
to
the
table
on
page
two?
Please?
F
F
Several
of
these
items
are
listed
as
transition
holding
accounts,
and
you
will
also
see
this
in
the
budget
book
for
the
RDA
for
fiscal
year
2024..
This
is
a
new
approach
where
the
amount
of
the
tax
increment
above
the
legal
obligations
is
put
into
this
transition
holding
account.
So
the
board
can
consider
it
in
the
annual
budget.
We
hope
this
is
a
simpler
approach
in
previous
years.
You've
had
funding
requests
for
the
same
item
in
the
budget
amendment
and
in
the
annual
budget,
and
it
can
be
confusing
to
consider
those
at
the
same
time.
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Previously
these
were
coming
from
arpa.
The
American
Rescue
plan
act,
but
they're
now
proposed
to
come
from
general
fund
balance.
There
is
a
corresponding
item
in
general
fund
budget
amendment
number
six.
We
can
talk
about
that
at
the
briefing
later
today,
but
it's
changing
the
funding
source
from
arpa
to
the
general
fund.
F
F
Those
four
million
dollars
are
proposed
to
be
combined
with
two
existing
property
acquisition
holding
accounts,
there's
959
thousand
dollars
in
a
nine
line
holding
account
and
four
hundred
and
forty
thousand
dollars
in
a
West
Side
Community
initiative
holding
account.
So
you
take
all
three,
you
add
them
together:
it's
5.4
million
dollars
for
property
acquisition
and
the
Administration
has
requested
the
board.
Consider
approval
of
this
item
today,
as
I
mentioned,
there's
a
corresponding
item
in
the
general
fund
budget
amendment.
F
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A
B
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G
I
do
Mr
chair,
I,
have
several
updates.
I
will
be
quick,
but
we
wanted
to
share
some
good
news
and
end
on
a
high
note.
Most
of
you
know
that
last
week
we
cut
the
ribbon
on
the
Astra
project,
formerly
known
as
255
South
State,
formerly
known
as
the
giant
abandoned
building.
We're
excited
to
have
that
come
online.
As
you
know,
190
units,
168
of
which
are
affordable
from
20
Ami
up
to
market
rate
Studio
bedrooms,
a
four
bedroom
unit.
G
So
if
you
go
by
the
project,
you'll
see
that
the
first
floor,
commercial
is
still
being
built
out
and
the
interior
of
the
historic
Kramer
house
is
under
construction.
Both
those
we
hope
to
be
completed,
fall
to
winter
and
you'll
start
seeing
more
first
floor
activity.
There.
We
also
had
director
Dugan
and
the
mayor
break
ground
on
144
South,
500
East,
affordable
housing,
project,
110
studio
and
one
bedroom
units
at
60
Ami.
G
Last
week,
staff
also
closed
on
the
1.4
million
dollar
loan
to
Bicycle
Collective
for
the
construction
of
their
headquarters
at
901,
South,
Gale
Street.
That
project
is
under
construction
and
we
hope
to
be
completed
late
summer.
At
the
end
of
April,
we
also
close
on
a
million
dollar
loan
for
affordable
housing
project
at
230,
West
1700
South.
This
is
one
of
the
loans
that
use
an
RDA
board,
approved
as
part
of
the
emergency
Gap
financing
nofa
to
Wasatch
Residential
Group.
They
are
under
construction
and
hope
to
be
done,
July
or
August
in
April.
G
We
also
closed
on
a
two
million
dollar
loan
to
the
nest
which
is
located,
382,
South,
Rio
Grande,
that's
a
220
units
that'll
be
affordable
to
people
at
60,
Ami
or
less.
They
have
already
started
construction.
We're
pleased
to
report
that
progress
is
being
made
on
marmalade
Park
staff
in
the
landscape.
Architect
met
with
the
community
council
recently.
G
They
seemed
very
supportive
of
the
project
and
have
already
started
talking
about
ways
to
program
the
space
when
it
comes
online
and
then
finally,
staff
submitted
the
first
of
our
hcrz,
the
housing
and
Transit
Redevelopment
Zone
applications
to
the
governor's
office
of
Economic
Opportunity.
This
is
the
one
that
is
centered
around
the
rail
stop
at
200
West
and
900
South.
G
We
took
the
approach,
as
we
discussed
with
you
as
a
board,
to
not
only
have
the
project
provide
financing
for
private
developments,
but
also
do
larger
public
infrastructure
and
benefit
projects
like
green
Loop
and
Gran
Boulevard.
So
we
anticipate
that
that
will
take
about
three
months
to
work
through
the
process
of
going
back
and
forth
with
that
committee
and
their
consultant.
D
Oh
sorry,
I
need
to
repeat
that
we
had
a
written.
We
have
a
written
briefing.
Next
is
part
section
e,
the
consent.
We
have
no
items
listed
there
and
we
already
completed
our
closed
session,
so
we
will
go
ahead
and
stand
adjourned
as
the
RDA
board
and
convene
as
the
city
council
for
our
work
session.