Community Reinvestment Agency

Minutes of the Millcreek Community Reinvestment Agency June 28, 2021 7:00 p.m. Regular Meeting The Community Reinvestment Agency of Millcreek, Utah, met in a regular public meeting on June 28, 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 Rita Lund, Cornrnunications Director Cheri Jackson (excused) Kurt Hansen, Facilities Director Bev Uipi (excused) Laurie Johnson, HR-Finance Director Attendees: Thom DeSirant and Chief Steve DeBry REG{JLAR MEETING: 7:00 p.m. TIME COMMENCED: 9:11 p.m. Chair Silvestrini called the meeting to order. 1. Public Hearing on Opening and Amending the FY 2020-21 the Community Reinvestment Agency Budget Laurie Johnson said the budget amendment was to wrap up the fiscal year and get things ready for the audit. In the revenue budget, the Millcreek Center CRA recognized $46,568 in property taxes which in turn lowered the amount needed to borrow from the West Millcreek CRA for the bond interest payment. In the West Millcreek CRA, $239,490 was recognized in property taxes so less was needed in the use of fund balance. On the expense budget, the loan from West Millcreek CRA to Millcreek City Center CRA was lower. Johnson said the Housing and Administration line items in the West Millcreek CRA increased because of the increased increment. Board Member Catten moved to open the public hearing. Board Member Marchant seconded. Chair Silvestrini called for the vote. All Board Members voted yes. The motion passed unanimously. There were no comments. Millcreek CRA Meeting Minutes 28 June 2021 Page 2 of 2 Board Member Marchant moved to close the public hearing. Board Member Catten seconded. Chair Silvestrini called for the vote. All Board Members voted yes. The motion passed unanimously. 2. Discussion and Consideration of Resolution 21-13, Amending the Community Reinvestment Agency (CRA) Annual Budget for the Fiscal Year Beginning July 1, 2020, and Ending June 30, 2021 Board Member Marchant moved to approve Resolution 21-13, Amending the (CRA) Annual Budget for the Fiscal Year Beginning July 1, 2020, and Ending June 30, 2021. Board Member Catten seconded. Chair Silvestrini called for the vote. All Board Members voted yes. The motion passed unanimously. 3. Approval of June 14, 2021 Regular Meeting Minutes Board Member Catten moved to approve June 14th regular meeting minutes. Board Member Marchant seconded. Chair Silvestrini called for the vote. All Board Members voted yes. The motion passed unanimously. ADJOURNED: Board Member Marchant moved to adjourn the meeting at 9:15 p.m. Board Member Catten seconded. Chair Silvestrini called for the vote. All Board Members voted yes. The motion passed unanimously. Jeff Silv'estrini. Chair Attest: