►
Description
To view agendas and paperwork go to https://slc.primegov.com/public/portal
B
C
Great
perfect,
thank
you.
Well
welcome
to
today's
Redevelopment
agency
board
meeting
to
keep
everybody
healthy
and
safe.
We
continue
to
host
hybrid
RDA
meetings.
Our
meetings
are
public
and
you're
welcome
to
join
us
in
person
or
by
watching
from
the
city
council's
agenda,
page
Facebook,
YouTube
or
SLC
TV.
We
hope
you'll
continue
to
join
us
in
whichever
manner
you
feel
most
comfortable
We
Begin.
C
Thank
you
again
to
everyone
who
is
joining
us
today
before
we
move
through
the
agenda.
I
want
to
mention
and
remind
you
about
our
rules
of
the
Quorum,
which
are
in
place
to
ensure
our
meetings
move
along
well
and
to
help
everyone
feel
comfortable.
Sharing
their
comments.
A
copy
of
the
full
Rose
of
the
Quorum
are
available
at
the
door
and
our
staff
will
post
the
link
in
WebEx.
C
C
Taylor
Hill
on
our
staff
will
be
calling
the
names
of
those
who
wish
to
comment.
We
will
call
names
of
people
joining
on
WebEx
and
in
person
based
on
the
order
of
registration
or
received
comment
cards
when
it
is
your
turn
to
speak.
Taylor
will
announce
your
name
for
people
in
WebEx.
She
will
unmute
your
line
and
you
may
begin
for
people
in
person.
Please
step
up
to
the
podium
and
you
and
if
you
have
a
mask,
please
feel
free
to
remove
it
before
making
a
comment.
C
E
F
F
C
Right,
let
me
go
back
one
minute.
Thank
you
Taylor.
We
have
no
public
hearings
today,
so
we're
moving
on
to
item
C1,
which
is
the
approval
of
minutes
and
the
minutes
of
November
10
2022
do
I.
Have
a
motion.
Madam
chair.
C
Works
all
right:
I
have
a
motion
by
board
director
Fowler
seconded
by
board
director
Dugan
I,
see
no
anybody
any
discussion
and
I
see
none.
Let
me
just
cut
Cheetos
my
stack
so
seeing
no
discussion
I'm
going
to
roll
call.
This
director
Petro.
C
One
moment
so
that
passes
we're
moving
on
to
item
number
two,
which
is
a
resolution
for
some
changes
in
the
bylaws,
and
we
will
consider
adopting
resolution
to
change
the
body
loss
of
the
revolvement
agency
to
indicate
a
one-year
term
for
the
chairperson
rather
than
a
two-year
term.
And
additionally,
the
board
may
consider
adopting
a
resolution.
Changing
the
bylaws
to
indicate
the
device
per
person
cannot
serve
immediately.
Successive
terms
at
the
table
is
Allison
Parks,
which
is
a
senior
City
attorney
to
give
us
some
information
so
that
we
can
make
a
decision.
E
J
Ahead,
Allison
great
so
as
you
remember
from
the
RDA
meeting
last
in
December
or
last
meeting,
we
had
a
conversation
about
potentially
amending
the
boards
or
sorry
the
RDA
bylaws
regarding
the
chairperson's
term
So.
Currently,
the
bylaws
say
that
the
chairperson
can
serve
for
two
years
and
you
all
discuss
potentially
changing
that
to
a
one-year
term
and
as
we
were
looking
at
amending
those
bylaws,
we
noticed
that
there
was
an
element
of
the
vice
chairperson
term
that
you
might
want
to
consider
changing
as
well.
J
So
in
the
current
bylaws
right
now,
the
vice
chairperson
can
serve
for
a
one-year
term,
but
the
bylaws
also
allow
the
vice
chairperson
to
serve
immediately
successive
one-year
terms,
and
so
in
order.
Oh
sorry,
so
Vice
chair
two
years
in
a
row
that
that
would
be
a
possibility
under
the
current
bylaws.
So
in
order
to
have
the
chairperson's
term
and
vice
chairperson's
term
align,
we
thought
you
guys
might
want
to
consider
changing
that,
so
that
the
vice
chairperson
cannot
serve
immediately
successive
terms.
J
Successive
yeah,
that's
right,
so
there
are
a
few
I'll
just
jump
in
and
just
say,
there's
a
few
proposals
today
you
could
either
adopt
a
resolution
that
changes
the
bylaws
so
that
the
chairperson
serves
a
one-year
term.
You
could
adopt
a
resolution
where
they
TR
to
change
it.
So
the
bylaw
say
the
chairperson
only
serves
a
one-year
term
and
that
the
vice
chairperson
cannot
serve
immediately
successive
terms
or,
of
course,
the
third
option
would
be
no
changes
at
all.
So
it's
up
to
you
all.
K
I,
so
I
am
a
supportive
of
the
one-year
term,
but
I
didn't
realize
that
it
was
in
our
bylaws
that
a
one-year
term
means
you
cannot
be
chosen
twice
in
a
row.
Is
that
how
it
is
for
the
council
as
well.
L
K
D
Is
there
a
reason
to
change
that
is
my
question.
I
mean
we
haven't
encountered
an
issue
on
that,
so
I,
don't
know
why
we
changed
that,
but
that's
my
two
cents
on
it.
D
C
I
think
one
of
the
reasons
that
we
discussed
last
time
was
to
streamline
and
and
mirror
the
the
console
bylaws
so
that
there's
no
confusion
if
we're
going
to
change
it,
but
yeah
we
haven't
had
any
issues
because
of
that,
but
I
think
for
streamlining
purposes
and
that
everybody
like
we
all
are
on
the
same
page.
We
can
keep
things
the
same
in
both.
H
Madam
Madam
chair
yeah
go
ahead.
Are
we
looking
for
emotion
on
this,
then
yeah.
M
K
C
I
Just
thinking
about
back
to
the
both
positions
of
the
vice
chair,
we
can
you
can
be
consecutive
on
those
Vice
chairs
for
two
or
more
years,
I!
Guess
it
because
we
could
stream.
We
could
kind
of
handcuff
ourselves
if
we
didn't
have
that,
because
you're
always
going
to
have
every
every
year,
you
can
have
four
seats
turned
over
at
this
time.
So
and
we've
never
had
a
problem
with
someone
wanted
a
service,
so
I
think
we're
I'm
I'm
just
kind
of
talking
out
loud
of
your
motion
so
because
at
first
I
was
like.
I
H
C
C
J
Under
the
motion
that
board
member
Fowler
just
made,
you
would
be
able
to
choose
the
same
Vice.
J
I
I
Can
and
the
council
we
can
also
do
that.
We
cannot
choose
the
same
chair,
but
we
can
choose
elect
the
same
Vice
chair
in
consecutive
years,
succession
leaders,
okay,.
D
I
D
So
this
motion
will
mirror
the
console
so,
okay.
C
Perfect,
then
yeah,
so
that
that
that
works
for
me,
I
was
just
a
little
confused.
That
I
didn't
want
to
be
different
than
the
console
for
streamlining
purposes
anyway.
So
if
there's
no
more
discussion,
We're
Gonna,
Roll
Call,
this
I,
don't
see
any
more
discussions.
I'm
Gonna
Roll,
Call,
director
Petro,
yes,
Dr,
Dugan,.
I
I
C
C
If
the
bylaws
are
amended,
which
we
did
and
vice
chair
one
year
term.
The
process
includes
expressions
of
interest
from
board
members
nominations
for
each
position
and
then
voting
each
for
the
chair
and
vice
chair
positions.
C
C
L
Can
either
people
can
self-nominate
and
say
a
few
words
about
themselves
or
someone
else
can
nominate
them
and
you
typically
you
do
a
chair
first
in
the
council
and
and
vice
chair
second
I'm,
not
sure
if
RDA
is
different,
but
if
you're
trying
to
make
them
the
same.
You
do
chair
first
Madam,
chair,
yeah,.
L
N
L
A
D
I
mean
I,
don't
know,
I
feel
like
now
that
I,
you
said
that
I
feel
like
I
need
to
speak
I,
no,
no,
no
you're,
totally
fine,
I
I
mean
I
I
felt
very
strongly
about
the
RDA
and
I
said
I
said
it's
an
amazing
tool
that
this
city
has
and
I
want
to
focus
on
the
projects
that
we
have
already
on
the
table
on
this
console
on
this
RDA
stuff.
D
Has
it
works
so
hard
to
to
make
happen
so
I
want
to
I
want
to
be
an
aide
to
make
things
happen.
So
that's
that's.
It.
C
L
C
B
Board
member
Fowler
also
voted
for
board
member
poy
board
member
Pedro
voted
for
board
member
poy
board
member
Dugan
voted
for
board
member
poy
board
member
Mano
also
voted
for
board
member
poy
and
board
member
POI
voted
for
self
for
himself.
Thank
you
who
didn't
unanimous
council
member
Wharton
or
board.
C
I'm
excited
for
ale
to
take
over
and
lead
us
for
this
year.
2023
so
I'm
sure
he's
going
to
do
a
great
job.
So
congratulations,
Ali,
happy
2023.
C
we're
moving
on
to
electing
a
vice
chair
for
the
RDA
as
now
that
position
is
vacant.
So
if
somebody
would
like
to
nominate
themselves
or
like
or
would
like
to
nominate
somebody
else,
please
speak
up.
Madam
chair.
C
All
right,
I
have
one
nomination
board
member
father.
Anybody
else.
I
didn't
see
anybody.
So
please
get
your
ballots
and
vote
board.
C
There
are
the
eight
chair
in
another
life.
Would
you
like
to
say
something
well.
H
I'd
like
to
think
board
member
Petro
for
this
nomination
and
I
look
forward,
hopefully,
since
there's
no
other
nomination.
So
unless
something
goes,
crazily
awry
right
now,
I
look
forward
to
serving
as
the
RDA
Vice
chair
again
and
RDA
is
one
of
my
favorite
places
to
to
be
and
hang
out
and
I.
Think
that
there's
a
lot
of
work
that
both
the
council
and
the
RDA
are
going
to
get
done
this
year.
So
I
look
forward
to
it.
Thank
you.
So
much.
B
C
C
So
with
that
said,
we
have
a
new
chair
and
a
new
Vice
chair
and
I
think
I'm
going
to
give
the
option
to
the
new
televised
chair
to
continue
chairing
this
meeting
today
and
pass
the
Baton
and
or
I
can
continue
and
finish
this
meeting,
and
then
they
can
start
next
RDA
meeting
whatever
you'd
like
I.
D
I'm
either
or
I'm.
Okay,
if
you
continue
it,
you
know,
but
if
you
want
me
to
I,
wasn't:
okay
I
will
do
it.
C
Right
well,
you're
welcome.
So
we
are
moving
on
to
item
four
with
new
Vice
chair
Point
conducting
the
meeting.
So
thank
you.
H
D
So
we
are
an
item:
four
diversional
property
tax
for
a
community
reinvestment
project
area,
State
Street
interlocal,
with
Salt
Lake
County.
The
award
will
be
briefed
about
and
we'll
consider
adopting
a
resolution
that
will
approve
the
State
Street
into
local
agreement
between
the
Salt
Lake
County
and
the
RDA.
The
interlocal
agreement
will
approve
use
of
a
portion
of
the
County's
property
tax
increment
to
support
implementation
of
the
State
Street
Community
investment
area
plan.
D
The
board
previously
approved
agreements
between
the
RDA
and
the
select
school
district
and
Salt
Lake
City
use
of
property,
taxing
increment
in
the
State
Street
project
area
at
the
table,
Lauren
Parisi,
RDA
senior
project
manager,
I
hope,
I,
didn't
butcher
that
McKenna
Hawley
RDA
project
manager
and
Ben
that
key
from
the
council
staff.
O
The
interlocal
agreement
and
the
resolution
before
you
today
is
for
the
county,
so
it
would
be
the
last
of
the
three.
If
you
do
approve
the
resolution
today,
there
are
two
additional
steps
that
would
need
to
be
taken.
A
public
hearing
would
need
to
be
held
at
a
future
meeting,
as
well
as
amending
the
Consolidated
budget
for
the
State
Street
project
area.
O
State
law
requires
that
the
project
area
budget
reflect
all
of
the
taxing
entities.
Participation
based
on
the
interlocal
agreements,
as
Lauren
will
discuss.
The
County's
terms
in
the
proposed
interlocal
today
are
different
than
what
was
requested
and
put
in
the
original
Consolidated
budget
and
I'll
turn
it
over
to
Lauren.
To
talk
about
what
those
terms.
P
Are
it's
Ben
I
do
have
a
few
slides
if
we
could,
it
might
be
helpful
to
follow
along
I,
also
wanted
to
introduce
one
of
our
newer
project
managers.
Mckenna
Holly,
who
we
are
tag
teaming
on
finalizing
the
State
Street
project
area,
so
just
wanted
to
introduce
her
and
she'll
you'll
see
her
next
month.
P
P
So
the
terms
initially
requested
do
vary
a
bit
from
what
we,
from
the
final
terms
that
you'll
find
in
the
agreement,
and
so
I
will
review
these
final
terms,
which
you
can
see
on
the
right
side
of
the
table
there
and
those
include
a
2021
base
year
of
approximately
1.4
million
dollars,
from
which
the
County's
tax
increment
will
be
calculated
a
20-year
term
with
a
75
percent
participation
rate
and
a
maximum
contribution
of
8.1
million
dollars.
Over
that
20-year
term.
P
And
finally,
the
agreement
stipulates
that
we
cannot
or
their
funds
the
County's
funds
cannot
be
distributed
as
loans,
and
so,
therefore,
we
would
have
to
award
either
grants
or
tax
increment
reimbursements
with
County
money
for
those
four
budget
categories,
and
this
summarizes
the
major
terms
within
the
interlocal
agreement.
Next
slide.
P
Looking
at
the
schedule
to
finalize
this
project
area,
of
course
the
interlocal
agreement
has
been
brought
to
you
today
for
consideration.
Next,
we
must
revise
the
State
Street
CRA
budget
to
reflect
the
final
terms
with
the
city,
the
county
and
the
school
district
and
staff.
Will
brief
you
in
more
detail
on
that
budget
amendment
in
February
and
hold
a
public
hearing
for
that
budget
amendment
in
March?
P
So
that's
all
I
have
for
you,
please
let
us
know
if
you
have
any
questions.
A
I
P
Yeah,
so
the
10
percent
is
the
17c
mandated
so
that
it'll
go
into
our
secondary
housing
fund
and
we
can
distribute
that
city-wide
per
usual,
but
the
the
money
that
has
to
be
spent
within
the
State
Street
project
area.
It's
for
affordable
housing
projects,
but
we
can
kind
of
decide
what
projects,
but
it
does
have
to
be
distributed
as
grants
or
tax
increment
reimbursements.
P
That's
a
great
question
so,
with
the
city
and
the
school
district,
the
budget
is
more
General
and
we
have
project
area
development
as
kind
of
a
line
item
and
we
have
more
discretion
on
how
those
funds
can
be
spent.
The
county
wanted
to
be
break
that
project
area
development
down
into
more
specific
categories,
and
so
they
chose
housing
essentially
and
environmental
remediation
that
they
would
be
willing
to
fund.
So
that's
kind
of
the
difference
there.
It's
those
very
specific
versus
a
more
General
budget
category.
P
I
Just
one
more
question
on
the
cap:
it
went
from
18
million
to
8
million
and
the
reason
on
that
one
and
do
they
do
that
often
I
can't
remember
in
the
past
if
they
did
that
before
change
the
cap.
P
So
they
were
so,
the
18
million
comes
from
what
was
projected
to
be
generated
in
the
project
area
and
that's
what
we're
going
to
request.
That's
the
75
percent
of
increment
that
we
think
we
could
potentially
capture
and
so
the
county
really
they
were
very
focused
on.
P
We
want
to
fund
projects
where
there's
a
very
clear
Gap
financial
gap
that
can't
be
funded
with
other
sources,
whether
it
be
Federal
money
or
just
other
sources,
and
ultimately,
when
they
looked,
and
we
presented
quite
a
detailed
list
of
items
and
with
financial
gaps,
and
they
felt
that
really
house,
affordable
housing
and
the
environmental
remediation
were
the
two
big
ticket
items
that
they
felt
did
have
gaps.
And
so
that's
why
that
our
overall
budget
that
was
funding
all
these
things
kind
of
got
cut
in
half
to
fund
more
specific
things.
P
P
H
Mr,
chair
I'm,
going
to
make
a
motion,
but
before
I
do
I
just
want
to
say
Hallelujah.
H
That's
all
this
has
been
the
longest
most
in
some
ways
frustrating,
but
at
the
end
of
the
day,
incredibly
enlightening
processes
that
we
have
gone
through
in
creating
a
project
area.
H
Obviously,
I
want
to
give
a
huge
shout
out
to
the
RDA
staff,
but
I'm
also
going
to
take
a
minute
to
give
a
huge
shout
out
to
Jen
Bruno,
because
she
was
in
many
of
those
meetings
with
with
me
in
the
trying
to
really
help
the
county
come
along
with
us
on
this
ride,
and
it
has
certainly
been
a
process,
and
this
is
this
is
huge,
and
it's
amazing
that
we
are
finally
here
at
this
point,
because
it
has
been
two
years
and
a
lot
of
a
lot
of
work,
and
so
thank
you
to
the
RDA
staff.
H
Thank
you,
Ben.
Thank
you.
Jen,
like
those
meetings,
I
can
still
remember
walking
around
Sugarhouse
Park
like
wanting
to
just
roll
down
the
hill
in
some
of
those
meetings,
because
it
was
mind-boggling.
So
with
that
Mr
chair
I
would
move
that
we
approved
the
resolution
of
the
Ila
second.
D
Okay,
we
have
a
motion
on
the
table
by
board
member
Fowler
on
a
second
by
board
member
Pedro
eschler
and
any
discussion
on
the
item.
I
C
D
I'm,
a
yes,
this
board
member
Wharton
is
absent.
This
passes
six
to
zero
and
one.
D
We
move
along
to
item
number.
Five
is
a
resolution
approving
the
affordable
housing
funding
allocations
for
2022
notice
of
funding
of
availability,
which
is
the
nofa
process.
The
board
will
be
briefed
about
and
we'll
consider
adopting
a
resolution
that
will
approve
housing
development
loan
program
allocation
offered
through
the
RDA
2023
notice
of
funding
availability
between
six
six
million
and
8.36
million
will
be
awarded
by
the
board
to
incentivize
development
and
preservation
of
affordable
housing
within
City
boundaries.
D
Now
the
table
Alison
Roland
policy
analysis,
the
council
staff,
Tracy
Tran
senior
project
manager,
the
RDA
Austin
Taylor,
RDA
project
manager,
Kate
we're
at
RDA
project
management.
Q
Thank
you
Mr
chair
and
thanks
for
almost
covering
everything
I
wanted
to
in
the
introduction.
Q
So,
as
you
mentioned,
this
is
for
funding
allocations
for
the
2022,
affordable,
housing
grants
or
I'm
sorry,
funds,
wow
funds
that
are
available
through
the
housing
development
loan
program.
The
hdlp
first
I
want
to
mention
that
a
correction
and
some
clarifications
were
made
yesterday
in
the
version
that
is
in
your
document
in
your
packet
thanks
to
Tracy
and
her
team
for
providing
that
additional
information,
so
that
the
most
recent
is
marked
in
red
in
your
packets
I
also
wanted
to
talk
a
little
bit
about
the
broader
context.
Q
The
mechanism
that
is
used
is
offering
low
interest
rate
loans
for
40-year
terms,
so
that's
that's
the
essential
goal
and
how
the
RDA
gets
to
it.
The
housing
development
loan
program,
the
hdlp,
has
been
designed
to
be
consistent
with
the
direction
from
the
council
in
2016,
which
was
to
divide
Housing
Development
from
housing
program
activities
and
concentrate
housing,
development
in
the
RDA
and
housing
programming
in
in
the
housing
stability
division,
which
is
it's
now
called
in
the
community
and
neighborhoods
department,
so
that
separation
has
been
played
out.
Q
Q
I
referred
to
it
originally
in
the
staff
report
as
a
selection
committee,
it's
the
finance
committee
and
then
the
board
will
make
the
final
determination
of
which
applications
to
fund
and
for
what
amount
and
again
the
board
has
complete
discretion
on
which
to
fund
how
much
to
fund
whether
to
even
use
all
the
amount
of
money
you
could
use
it
for
different
purposes,
and
some
of
that's
laid
out
in
one
of
the
policy
questions
in
the
staff
report.
So
I
will
turn
that
over
to
the
team.
Thanks.
N
Allison,
if
we
can
have
the
slides
text-
yes,
that's
great
and
Austin's
going
to
kick
it
off.
Thank
you.
R
R
So
this
year,
in
our
housing
development
loan
program
nofa,
we
have
six
million
dollars
available
to
loan
and
we
possibly
have
another
2.36
million
dollars
available
that
you,
the
board,
can
approve
to
loan
out,
because
a
project
that
was
previously
awarded
this
funding
is
no
longer
going
to
use
it.
So
this
is
now
available
once
again.
R
The
process
of
the
nofa
is
a
competitive
one
through
which
we
take
applications.
We
have
developers
submit
their
proposals,
their
best
ideas
to
us.
This
year
we
released
the
application
on
September
6..
We
conducted
an
information
session
to
tell
all
interested
developers
about
it
and
answer
their
questions
and
we
closed
applications
on
November
14th
from
there
staff
did
an
initial
review
to
make
sure
that
all
the
projects
meet
our
thresholds,
which
they
do
and
then
from
there.
We
took
it
to
finance
committee
and
you'll,
see
the
recommendations
that
the
finance
committee
has.
R
R
So
you,
the
board,
set
these
new
thresholds
that
we
have
for
RDA
loans,
and
these
These
are
the
three
thresholds
that
all
projects
have
to
me.
So
the
first
is
the
sustainability
threshold.
Every
project
that
receives
RDA
funding
has
to
meet
a
design
to
earn
the
energy
star
score
of
90
or
higher
and
contain
no
on-site
fossil
fuel
combustion
as
well
as
participate
in
the
city's
Elevate
buildings
program
and
then
the
other
part
to
this.
This
is
new.
R
This
year,
the
every
RDA
every
project
receiving
RDA
funding
through
this
process
can
either
have
family-sized
affordable
units,
which
is
60,
Ami,
three
bedrooms
or
greater,
or
have
deeply
affordable
units
rented
at
40
Ami.
So
every
project
that
you'll
see
today
has
10
percent
of
either
family
size
units
or
ten
percent
deeply
affordable
units.
Some
even
have
both.
R
You
know
categories
or
things
that
developers
can
include
to
to
get
these
interest
rate
reductions
in
their
loans.
Now,
let's
go
to
the
next
slide.
R
This
is
a
map
showing
all
the
projects
that
have
applied
for
RDA
funding
through
the
snowfall
process
and
where
they
are
in
the
city.
You
can
see
that
they
stretch
from
The
Rose
Park
area
down
through
Ballpark,
and
there
is
one
on
on
the
Eastern
edge
of
the
city.
So
let's
go
to
the
next
slide.
Also.
N
N
Their
financing
and
tax
credits
have
a
greater
Readiness
to
build
and
the
projects
and
the
projects
that
met
a
greater
number
of
project
priorities.
Next
slide.
Please.
N
N
Just
first
off
I
wanted
to
note
so
all
10
applications
are
there
they're
numbered
from
2
to
11..
The
first
application
was
the
one
that
was
rescinded.
So
that's
why
one
is
missing
and
the
other
thing
I
wanted
to
note.
There
were
two
projects
that
had
multiple
had
two
phases
to
the
project,
so
that
was
Victory
Heights
one
and
two,
and
then
there's
citizens
West.
Two
and
three
I
just
want
to
note
that
those
projects
as
a
whole
are
still
they.
They
won't
be
built
like
in
separate
phases.
N
They
will
still
be
functioning
as
one
project,
but
they
separated
it
out
for
kind
of
tax,
credit
and
financing
purposes,
but
they
will
be
and
they
will
all
have
the
same
construction,
permit,
construction,
timelining
timeline
and
permitting
for
those
projects.
N
So
this
chart
kind
of
breaks
down
the
details
for
all
of
the
10
projects,
and
this
includes
kind
of
the
pr
their
preliminary
terms,
their
repayment
type,
the
amount
of
RDA
funds
they're
requesting
whether
or
not
the
project
has
obtained
obtained
tax
credits,
also
breakdown
of
the
number
of
affordable
units
and
the
unit
mix.
N
So,
as
you
can
see
this
year,
as
as
a
board,
you
had
really
wanted
to
push
for
additional
family
size
housing,
and
we
are
definitely
getting
more
of
that
this
year
and
lastly,
the
last
row
there
is
the
project
priorities
ranking
weight.
So
that's
the
project
priority
list
that
Austin
had
mentioned
earlier
in
the
slides
and
that's
their
score,
based
on
the
number
of
public
benefits
that
they
meet
and
some
of
those
are
weighted.
So,
as
you
can
see,
there's
a
broad
range
of
score
hours
there
next
slide.
N
Please
and
I
just
want
to
know
a
focal
point
of
the.
The
finance
committee
was
the
Readiness
of
the
project
and
they
also
focus
on
kind
of
the
project
priority
kind
of
score.
So
that's
that's
kind
of
what
came
out
of
the
finance
committee
meeting
and
this
chart
here
lays
out
the
finance
committee's
recommendation.
You
can
see
in
the
last
column
how
the
finance
committee
ranked
the
projects.
N
The
recommendation
is
split
up
between
the
6
million
that
we
had
mentioned
so
in
that
beige
color
there's
the
6
million
that
was
advertised
through
the
the
nofa
and
then
the
in
the
blue
is
the
additional
2.36
million.
That
is
up
for
your
consideration.
So
and
then
the
green
is
the
total
recommendation.
N
If
you
decide
to
allocate
the
addition,
the
2.36
million
so
from
the
initial
6
million,
the
finance
committee
ranked
the
two
phases
of
Victory
Heights
one
and
two
and
citizens
West
two
and
three.
That
was
ranked
three
and
three
and
four,
but
they
recommended
those
two
projects
be
funded
at
their
full
amount
and
the
reason
why
these
were
prioritized
because
they
had
already
received
their
nine
percent
tax
credits
and
so
they're
a
little
bit
further
along
and
they
each
had
a
priority
score
over
10.
N
and
the
remaining
805
000
in
the
beige
you
can
see
was
used
to
fund
Bill,
Bill
1659,
which
is
not
using
tax
credit,
but
is
for
the
further
along
in
the
Readiness
category
and
we'll
be
surveying
deeply
affordable
populations
and
then,
if
the
board
decides
to
use
the
2.36
million,
so
we're
looking
at
the
blue
column.
Now
the
first
portion
of
that
would
be
used
to
cover
the
remaining
195.
N
000
forville
1659
in
the
next
tranche
of
those
funds
would
be
used
to
fund
1.125
million
for
Liberty
Corner
and
all
the
so
Liberty
Corner
actually
received
the
highest
project.
Priority
score
out
of
all
the
projects
that
had
13
points,
but
the
reason
why
this
was
kind
of
given
a
little
bit
lower
ranking
was
because
they
still
hadn't
received
tax
credits.
N
Cliff's
Lodge,
which
already
has
a
previous
one
million
dollar
commitment
from
the
RDA
and
the
other
five
hundred
thousand
dollars
would
go
towards
Atkinson
stacks
and
the
finance
committee
did
not
recommend
funding
for
Vil,
9
or
910
West,
and
if
so,
if
the
board
would
like
to
use
a
2.36
million
and
fund
the
projects,
as
recommended
by
the
finance
committee,
the
8.36
million
dollar
total
would
fund
724
of
the
964
units
that
applied
for
funding,
and
so
the
finance
committee
also
recommended
to
add
one
condition,
and
it
was
for
the
projects
that
have
not
already
been
allocated
they're
nine
percent
tax
credits.
N
If
these
projects
do
not
receive
the
nine
percent
tax
credits
in
the
next
Utah
Housing
Corporation
allocation
cycle,
they
are
recommending
that
these
funds
be
returned
to
the
RDA
and
that's
and
that
these
projects
would
need
to
reapply.
The
reason
for
that
is
because
they
didn't
want
to
hold
up
any
funds.
N
If
they're
waiting
for
nine
percent,
tax
credits
and
I
think
part
of
the
discussion
was
that,
if
you
didn't
receive
a
nine
percent
tax
credit
tax
credit,
your
project
would
be
significantly
different
if
you
had,
if
you
applied
for
different
tax
credits
like
four
percent,
so
they
just
wanted
projects
to
reapply
if
they
didn't
get
it
this
next
round,
so
that
we
could
reassess
and
make
sure
there
weren't
funds
just
being
held
up
for
your,
for
you
know
a
year
or
two
or
three
next
slide,
please,
okay!
N
N
The
approval
will
obtain
a
will
provide
a
24-month
conditional
commitment
period
which
will
allow
these
developments
to
obtain
the
necessary
Financial.
Legal
and
Regulatory
approvals
in
additionally
staff
will
ensure
that
once
a
development
has
obtained
the
remaining
commitments
that
all
the
final
terms
will
will
align
with
the
requirements
within
our
housing
development
loan
program
policy.
During
this
time,
changes
to
the
repayment
type
may
occur
and
shall
be
based
on
the
housing
development
loan
program
and
Senior
lender
payments.
N
I
Thank
you
very
much
and
appreciate
all
the
work
on
this
I.
Just
no
real
question
here,
but
I
just
want
to
kind
of
highlight
the
Liberty
Corner
was
almost
200
or
200
units
in
the
family,
size
and
also
out
of
the
960
units
we
have
about.
20
percent
are
on
the
family
size.
So
I
really
appreciate
the
work,
doing
that
and
I
think
by
setting
our
priorities
in
that
manner,
people
seem
like
they
realize
they
need
to
do
that,
and
it
was
kind
of
nice
to
see
the
20
on
the
family
side.
I
K
Thanks
I
also
am
really
excited
to
see
the
family
housing
that
is
proposed.
I
have
a
question
I'm,
trying
to
understand
the
difference
between
the
scoring,
which
is
based
on
the
priorities
that
we
as
a
board
set.
I'm
is
to
my
understanding
and
then
the
funding
ranking
that
the
finance
committee
set.
K
It
seems
to
me,
like
anyone
that
didn't
have
tax
credits
already
allocated
were
automatically
put
at
the
very
bottom,
which
means
that
projects
that
actually
scored
better
according
to
our
priorities,
just
because
they
are
not
yet
secured
for
tax
credits
could
not
at
all
compete
with
the
ones
that
had,
even
if
the
scoring
was
less
is
that
am
I.
Reading
that
accurately
yeah.
N
That's
accurate
and
I,
and
the
reason
for
that
was
because
the
tax
credit
processes.
E
N
K
What
they're,
but
the
board,
also
or
the
finance
committee,
also
said
that
we
should
put
in
a
policy
or
some
sort
of
stipulation
that
if
a
project
is
funded
and
does
not
receive
their
tax
credits
this
year,
that
that
money
would
be
pulled
Claude
back
and
we
would
allocate
it
to
other
projects
that
did
receive
the
tax
credits.
Is
that
am
I
understanding
that
correctly?
It.
N
Would
just
be
given
back
to
the
RDA,
and
then
we
would
they
would
just
have
to
we
wouldn't
reallocate
them
to
different
projects.
We
would
just
fold
them
into
the
next
snowfall.
K
Next
nofa,
so
I,
don't
think
both
of
those
things
are
necessary.
I,
don't
think
that
we
should
take
projects
that
don't
yet
have
their
tax
credits
allocated
or
secured,
put
automatically
put
them
at
the
bottom
of
the
list,
and
then
also
say
that
if
tax
credits
are
not
received,
we're
taking
the
money
back,
I
think
one
of
those
two
things
accomplishes
the
goal
and
I
really
I
struggle
to
look
at
just
a
flat
policy.
K
K
Yes,
that's
important
and
I
and
I
understand
why
the
finance
Community
I
also
do
not
want
our
money
to
be
sitting
there
for
years
waiting
for
tax
credits,
but
I
think
that
that
climb
back
of
the
of
the
allocated
funds,
if
the
taxpayers
are
not
received,
accomplishes
the
goal
and
I
and
I
don't
want
to
see
the
highest
scored
project
not
receive
the
funding
that
they
need
to
move
forward.
So
that's
where
I'm
struggling
with
like
deeply
affordable,
all-family
sized
seems
like
yeah,
I
I.
Just
don't
get!
Why?
K
N
I'm,
not
I
I'm,
not
comfortable
enough
to
answer
that
yeah.
But
generally,
if
you
have
like
funding
commitments,
it
helps
your
project,
but
I
think
they
also
have
like
a
their
qualified
allocation
plan
that
they
put
out
every
year
and
that
really
lays
out
all
the
criteria.
They're.
Looking
at
two
so
I
think
it's
a
variety
of
things
that
they're
looking.
I
Well,
I
think
the
the
question
is:
don't
let
the
time
too
right
I
mean
if
you
already
have
all
the
taxpayers,
you
get
this
money
you
you
can
move
out
of
your
project
if
you're
still
waiting
for
those
tax
creditors.
How
long
are
you
is
it
going
to
take
for
you
to
get
the
taxpayers
and
is
that
time
frame
going
to
allow
you
just
to
make
the
next
nofa
window
so
I?
Think
that's
probably
the
discussion
we're
having
here
is.
These
people
are
ready
to
go.
I
They
can
put
shovels
in
the
dirt
as
soon
as
they
have
the
money,
then
they
go
and
instead
of
having
to
wait
for
the
next
tax
credits
and
then
that
delays
it
so
I'm,
just
I.
Think
it's
a
good
question.
We
need
to
ask
but
I
just
also
and
I
understand,
I
agree
with
the
The
Point
schedule,
and
this,
but
I
sometimes
worry
that
if
we
don't
fund
them,
then
this
one
gets
stalled
and
then
the
next
one
gets
stalled
too,
because
they
don't
get
funding
either.
Q
Mr,
chair
could
I
add
just
one
other
thought,
I
mean
so
this
is
one
example
of
where
the
RDA
finance
committee
takes
advantage
of
its
expertise
and
its
the
discretion
it's
allowed
by
policy
to
make
these
kinds
of
decisions.
It's
not
the
only
one
and
so
I
think
there
may
be
I.
Think
it's
it's
a
policy
question
under
the
evaluation
process
section
that
I
tried
to
pitch
the
the
question
even
broader
than
than
just
the
tax
credit
one.
K
Know
that
we
spent
a
lot
of
time
discussing
those
priorities
and
we
got
rid
of
some
priorities
that
we
really
really
cared
about
because
of
how
important
the
ones
that
we
we
all
agreed
on
were,
and
so
it's
surprising
to
me
that
the
funding
ranking
is
so
I
mean.
That
seems
like
the
first
thing
that
was
decided
on
the
funding
ranking
and
then
the
priorities
that
we
put
in
were
looked
at
and
I
guess
I'm,
not
yet
comfortable
with
that.
H
Mr,
chair,
I,
I,
don't
know
that
I
necessarily
disagree
with
you
on
the
tax
credit
thing.
If
we're
doing
the
clawback
thing
and
the
reason
why
I
think
that
may
be
important
is
because
once
it's
allocated
and
we
have
an
idea
and
yes,
they
they
have
like
a
contract
and
it's
much
easier
to
hold
them
their
developers
feet
to
the
fire
when
they're
getting
RDA
money.
H
But
there
is,
it's
still
I
want
to
make
sure
that
their
project
looks
the
way
we
thought
their
project
was
going
to
look
when
we
said
yes
right,
so
I
don't
disagree
with
you
on.
Maybe
one
is
more
necessary
than
the
other.
For
me,
the
the
okay,
if
you
didn't
get
the
tax
credit
got
to
get
the
money
back
and
then
you
come
back
and
and
show
us
that
your
project
is
still
the
thing
that
we
want
to
be
funding
and
if
it
isn't,
then
there's
about
8
000.
H
N
C
Thank
you,
I
appreciate
the
discussion
and,
first
of
all,
how
exciting
it
is
that
we
were
able
to
accomplish
this
and
look
at
these
numbers
of
the
family,
science,
housing
and
the
deeply
affordable
like
we.
We
thought
this
is
going
to
work
and
it
actually
has
worked
and
I
encourage
the
new
chair
advisor
to
keep
pushing
for
it
and
the
rest
of
the
board
directors
to
keep
pushing
for
it.
C
As
you
talk
to
developers
out
there
that
might
be
interested
in
investing
and
developing
in
Salt
Lake
City,
we
are
in
a
housing
crisis
and
and
and
and
family
size.
Housing
is
much
much
needed,
I'm
a
little
disappointed
that
we
didn't
get
a
lot
of
family
home
ownership
applications
for
this.
So
but
that's
something
that
we
can
work
on
this
year,
but
I'm
impressed
and
excited
about
what
we
were
able
to
accomplish.
C
With
our
policies
going
with
director
Manos
and
thoughts,
yeah
I
I
was
it
was
surprising
because
yeah,
our
our
goals
and
you
know,
policies
were
family
size,
housing
and
obviously
we
have
a
good
developer
with
a
lot
of
three-bedroom
units
that
you
know,
wasn't
wasn't
wasn't
approved
and
so
for
sure
I
would
you
know
I
would
like
that
to
not
happen
in
the
future.
When,
when
you
know
it
is
really
possible
that
I
may
be
able
to
make
it
happen
with
a
little
bit
of
our
financial
help.
C
So,
regardless
of
the
of
the
tax
credits
so
and
then
what
else
I
was
going
to
say
and
then,
if,
if
you
guys
notice
in
the
map,
everything
it's
kind
of
a
district,
four
district,
one
two
I
think
and
something
I'm
not
sure.
If
there's
anything
in
this
tricked
District
fives
are
in
the
district
four.
C
So
for
this
is
for
staff,
is
there
a
way
to
encourage
or
developers
to
also
look
at
downtown
in
District
4
for
family
size
housing,
which
is
one
thing
that
we're
sorry
that
we
are
lacking.
N
C
It's
very
specific:
maybe
it's
not
possible,
but
you
know,
as
we
look
at
the
different,
the
different
neighborhoods
and
the
different
needs.
You
know
in
terms
of
apartment,
size,
housing,
affordable,
housing.
All
of
those
things
like
I
would
like
a
little
bit
of
yeah
more
of
this
house.
Double
housing
happen
in
downtown.
H
H
You
Mr
chair
I,
just
wanted
to
point
out
something
that
to
the
ranking
points
it
the
highest
ones
were
approved,
the
only
ones
that
weren't
were
the
lowest
ones
that
were
ranked
the
other
ones
are
just
what
pot
it
comes
from
and
so
like
it's
13
and
it's
at
the
bot.
It
has
13
points,
but
it's
at
the
you
know
it's
at
the
bottom,
if
you
will
of
the
list,
but
yet
it's
looking
at.
H
Just
I
wanted
to
make
sure
we
were
seeing
that
it's,
it's
not
that
it
wasn't
approved
or
that
it
got
zero
amounts
of
money,
but
I
think
that
it
got
the
amount
of
money
there,
because
partly
of
the
tax
credits
I'm
sure
when
they're
waiting
for
other
funding-
and
we
have
projects
that
are
basically
shovel
ready
because
they
have
that
funding
and
so
I
think
that
sort
of
well
I
I,
agree
with
Council
or
board
member
mono
in
that.
Maybe
this
doesn't
come
all
the
way
to
the
bottom
or
whatever.
H
But
that
also
doesn't
mean
that
in
any
of
the
other
projects,
that
we've
done
a
million
times
is
that
they
couldn't
come
back
for
another
nofa
or
other
tax
increment
or
things
that
may,
if
they
need
to
after
they
get
their
tax
credits
and
or
if
they
don't.
Then
they
come
back
and
we
reevaluate
the
situation
right,
but
I
just
want
to
make
sure
that
we're
we're
we're
talking
accurately
about
what
is
there
and
it's
not
that
it
wasn't
funded.
H
D
I,
just
I
had
a
quick
question
this
these
make
me
wonder
when
we
were
talking
about
the
claw
mechanism
you
know
I
is
that
already
being
is?
Is
that
already
I
think
that
it
isn't
part
of
the
language
right
now?
D
Okay,
I
will
feel
very
comfortable
if
we
are
able
to
add
that
and
I
I
think
that
I
think
everybody
will
agree
that
if
money
is
not
used
in
the
right
time
and
the
right,
you
know,
you
know
in
the
right
way,
we
should
get
it
back
and
I
think
that
that
will
be
something
that
I
feel
very
strongly
about
and
to
this
discussion,
though,
I
would
like
to
I,
don't
know
again
another
question
about
how
this
works,
but
wouldn't
we
allocating
some
funds
to
a
project,
maybe
help
that
project
and
I
think
it
was
touched
here,
helped
that
project
maybe
get
other
fundings
and
we
might
not
giving
them
our
money.
D
The
RDA
money
might,
you
know,
hurt
them
and
their
pursuit
of
you
know
a
lot.
You
know
applying
for
other
funds
or
or
helping
other.
D
You
know,
funding
mechanisms
see
that
they're
real
and
they
want
to
move
forward.
So
I
just
want
to
make
sure
that
we-
that
is
part
of
the
equation
too,
that
we
understand
that
maybe
these
projects
are
the
kind
of
projects
that
we
want
in
our
city
and
they
might
not
be
getting
some
of
their
money
or
or
all
the
money,
but
it
might
be
a
good
way
for
them
to
help
find
other
funds.
So
but
I
I
just
feel
very
strongly
about
the
claw
back
money
and
I.
H
Mr
chair,
yes,
I,
have
a
motion
go
ahead.
Mr
chair
I
would
move
that
we
approve
the
nofa
funding,
as
recommended
with
the
additional
2.36
million
added.
So
if
we
look
at
that
last
slide,
if
you
will
that
we
approve
that
funding
and
we
add
the
we
adopt
the
recommendation
of
the
what
we're
calling
the
clawback
language
does
that
make
enough
sense
that
you
know
what
I'm
talking
about
everyone
in
the
room
I'm
looking
at
Allison
too.
So
that's
my
motion.
D
K
Yes,
actually
I
I
would
propose
a
substitute
motion
that
we
use
the
2.36
to
project
number
10,
which
is
the
one
that
scored
the
highest.
That's
still
not
funding
it
fully,
but
put
the
club
back
provision
in
so
that
it
would
get.
K
If
that
doesn't
receive
its
credits,
you
can
go
to
all
the
other
ones
I'm
just
looking
at.
We
have
multiple
that
are
or
the
two
that
are
not
fully
funded
I'd,
rather
get
closer
to
fully
funding
the
one
that
meets
all
of
our
priorities
and
then,
if
they
don't
receive
their
credits,
take
that
back
and
and
allocate
it
to
another
to
the
other
projects.
So.
H
D
Okay,
I
have
a
substitute
motion
by
board
member
Manuel
on
a
second
by
board
member
Pedro
eschler
I.
We
need
to
vote
on
that
substitute
motion
first,
so
a
board
member
Fowler,
no
we're
a
member
Mano.
Yes,.
K
D
Member
Dugan
no
board
member
Peter,
yes
board.
Member
baldemoros.
C
D
And
I'm,
a
no
I
that
is
that
fails.
It
goes
back
to
the
initial
motion
by
board
member
father
was
seconded.
Remember
Dugan
seconded
any
more
discussion
on
this
board
member
Fowler.
Yes,
remember
Mano!
Yes,
remember
Dugan,.
I
D
Remember:
Peter
wrestler,
yes,
board
member
baltimoreos.
C
D
And
I'm
a
yes
and
this
motion
cunning
board
member
Borton
absent
this
motion
passes.
D
So
we're
going
we're
moving
to
item
number
six
report,
an
announcement
from
the
executive
director
and
I'm
not
reading
anymore.
After
that
graded
area
is.
Are
there
any
reports
by
the
executive
director
I'm
assuming
there
are.
D
S
Thank
you,
Mr
chair,
I,
wanted
to
start
before
I
get
into
our
project.
Updates.
I
wanted
to
publicly
acknowledge
and
thank
outgoing
Madam
chair
valdemorris,
because
she
is
joining
us
remotely.
She
was
kind
enough
to
come
to
one
of
our
staff
meetings
so
that
we
could
thank
her,
provide
her
with
her
going
away
present
and
then
she
was
also
extremely
kind
to
bring
us
treats.
So
we
thought
that
was
a
good
trade
and
we
got
treats
and
we
got
to
send
her
off
but
board
member
valdemors.
S
Thank
you
very
much
for
your
your
time.
I
don't
know
if
it's
historic
that
you
get
to
consider
yourself,
the
last
of
the
two-year
chair,
but
you
get
that
honor
and
I
say
milk
it
for
what
it's
worth,
but
seriously
wanted
to.
Thank
you
on
behalf
of
myself
and
staff
and
the
administration
for
your
time
as
chair
and
everything
that
you
led
and
helped
us
with,
and
all
of
the
conversations
and
Direction
you
provided.
So
thank
you.
C
Thank
you,
Danny
and
thank
you,
staff
and,
and
the
administration
was
great
working
with
you
and
also
with
Bui
and
Fowler
and
Dugan
in
the
past.
So
I
look
forward
to
to
this
year
as
well.
So.
S
Awesome
and
then
Mr
chair,
I
have
just
a
few
quick
updates
on
projects.
One
of
the
first
share
the
exciting
news
that
on
December
30th
staff
was
able
to
close
on
the
spark.
Property
Disposition,
as
you
know,
is
a
board
that
included
the
four
million
dollar
land
disposition
note,
as
well
as
the
10.5
million
dollars
in
construction
loan
financing
for
bridge
Shore
development,
this
project
on
North
Temple
to
an
affordable
units
daycare
commercial
space
within
the
project
area.
S
So
we
are
thrilled
to
announce
that
and
that
that
got
done
by
the
end
of
the
year,
also
part
of
the
end
of
the
year.
We
closed
on
the
loan
for
144
South
Apartments,
which
is
on
Fifth
East,
so
1.7
million
dollar
construction
loan.
This
is
just
East
outside
of
the
agency
Central
business
district,
but
this
project
will
also
provide
an
additional
110,
affordable
studio
and
one
bedroom
units
to
the
city's
housing
stock,
and
they
will
be
rented
to
households
at
or
below
60
Ami
project.
S
In
addition
to
housing,
includes
co-working
space
for
tenants,
a
coffee
shop
and,
of
course,
well.
We
hope
to
be
some
really
cool
public
art
as
part
of
that
project
and
then
finally,
we
were
also
Able
by
the
end
of
the
year
to
close
on
acquiring
the
state's
property
and
station
Center.
You
remember
as
a
board.
S
You
authorize
that
acquisition
of
what
is
just
under
an
acre
property,
three
different
Parcels
on
the
southwest
corner
of
third
South
and
fifth
West,
just
west
of
the
Rio
Grande
Depot
has
some
great
property
right
there
adjacent
to
maybe
a
train
reconstruction
project,
but
we
won't
get
into
that,
but
the
state,
you
recalls
the
board.
That
was
one
of
the
properties
that
the
agency
has
had
under
contract
for
a
while
with
the
option
to
buy.
S
So
we
were
able
to
close
on
that
State
Stores,
it's
our
collection
there
and
they
will
continue
to
do
so
until
they
build
new
space
up
at
the
Capitol.
So,
simultaneously,
with
closing,
we
did
enter
into
a
lease
agreement
with
the
state
to
continue
to
lease
back
to
them
the
property
for
their
use
and,
as
we
continue
to
work
out,
the
Redevelopment
plan
for
station
Center,
so
I
wanted
to
thank
staff
and
all
the
time
that
they've
spent
not
just
on
the
items
that
you
reviewed
and
improved
today,
but
also
on
these
closings.
S
It
was
a
lot
of
work
at
the
end
of
the
year
pulling
all
these
in
and
preparing
this
information,
but
I
also
wanted
to
specifically
thank
Allison
Parks,
Sarah,
Montoya
and
Kimberly
Citrus
of
the
city
attorney's
office.
I'm.
Sure
Katie
can
acknowledge
the
amount
of
time
that
they
have
spent
with
RDA
staff
over
the
past
month
or
two.
S
It
is
it's
a
pleasure
to
sit
up
here
and
speak
to
these
projects
and
take
credit
on
behalf
of
Staff,
but
the
attorney's
office,
who
really
do
a
lot
of
the
heavy
lifting
as
well
with
our
staff.
So
Katie
thanks
to
you
and
your
staff,
and
we
appreciate
getting
these
done
so
unless
there's
any
questions,
that's
it
for
our
updates.
S
D
Appreciate
appreciate
your
update
and
thank
you
for
your
work
and
your
staff.
We
are
moving
now
to
we
don't
have
any
written
briefing,
briefings
and
consent
and
we
don't
have
any
closed
session,
so
this
meeting
is
adjourned.
Thank
you,
everybody.
Thank
you.