Community Reinvestment Agency

Minutes of the Millcreek Community Reinvestment Agency June 14, 2021 7:00 p.m. Regular Meeting The Community Reinvestment Agency of Millcreek, Utah, met in a regular public meeting on June 14, 2021 at City Hall, located at 3330 S. 1300 E., Millcreek, UT 84106. The meeting was live streamed via the City's website with an option for online public comment. PRESENT: Board Members City Staff Jeff Silvestrini, Chair John Brems, City Attorney Silvia Catten Elyse Sullivan, Agency Recorder Dwight Marchant Mike Winder, Assistant City Manager Cheri Jackson Kurt Hansen, Facilities Director Bev Uipi Francis Lilly, Planning and Zoning Director Laurie Johnson, HR-Finance Director Attendees: Thom DeSirant and Chief Steve DeBry. REGULAR MEETING: 7:00 p.m. TIME COMMENCED: 9:16 p.m. Chair Silvestrini called the meeting to order. 1. Discussion and Consideration of Resolution 21-12, Adopting the Community Reinvestment Agency (CRA) Annual Budget for the Fiscal Year Beginning July 1, 2021, and Ending June 30, 2022 Laurie Johnson reviewed the minor changes made since the tentative budget was tentatively adopted in May. In the revenue budget in the Millcreek Center CRA, the revenue loan proceeds were reduced by $10,000 because nothing would be put into administration or housing yet to put as much as possible into bond interest payments. The West Millcreek CRA recognized $150,000 in property tax revenue. In the expense budget, the Millcreek City Center CRA was reduced by $2,500 in administration and by $7,500 in housing. The West Millcreek CRA had $10,000 returned from the loan to the Millcreek Center CRA. The tax increment commitments, administration, and housing had increased by $40,000. Chair Silvestrini asked for public comment. There were no comments. Millcreek CRA Meeting Minutes 14 June 2021 Page 2 of 2 Board Member Uipi moved to approve item 1, Resolution 21-12, adopting the CRA annual budget. Board Member Marchant seconded. The Recorder called for the vote. All Board Members voted yes. The motion passed unanimously. 2. Approval of April 26, 2021 Regular Meeting Minutes Board Member Catten moved to approve April 26f" regular meeting minutes. Board Member Uipi seconded. Chair Silvestrini called for the vote. All Board Members voted yes. The motion passed unanimously. Attest: ffpn,uecoraer