Community Reinvestment Agency

Minutes of the Mfflcreek Community Reinvestment Agency May 23, 2022 7:00 p.m. Regular Meeting The Community Reinvestment Agency of Millcreek, Utah, met in a regular public meeting on May 23, 2022, at City Hall, located at 3330 S. 1300 E., Millcreek, Utah 84106. The meeting was live streamed via the City's website with an option for online public cornrnent. PRESENT: Board Members City Staff Jeff Silvestrini, Chair John Brems, City Attorney Silvia Catten Alexander Wendt, Deputy Recorder Thom DeSirant (excused) Kurt Hansen, Facilities Director Cheri Jackson Francis Lilly, Assistant City Manager Bev Uipi Attendees: REGULAR MEETING: 7:00 p.m. TIME COMMENCED: 8:13 p.m. Chair Silvestrini called the meeting to order. L Status Update on Wasatch Community Reinvestment Project Area Assistant City Manager Francis Lilly reported that a car dealership working on the Wasatch Community Reinvestment Project Area site backed out of their negotiations with the property owner. There were some complex land issues due to UDOT owning land. The developer was still potentially interested. Staff would be meeting to talk about the village center concept part of the General Plan that could be used in the area. 2. Consideration of Resolution 22-08, Approving a Participation Agreement with PRI Millcreek, LLC Chair Silvestrini said this project was a multi-family mixed-use project that has been winding its way through the process for approval in Millcreek. This participation agreement would use tax increment from the West Millcreek CRA that will help fund improvements benefitting the public. Improvements included a bridge across Cottonwood Creek and a 5,000 square foot market. This helps address a serious food desert. Mr. Lilly explained that this was a self- funded deal, the city was not borrowing money to create the improvements. Chair Silvestrini said this was the whole reason cities create a community reinvestment area. This area is a Mfflcreek CRA Meeting Minutes 23 May 2022 Page 2 of 2 redevelopment area formed by Salt Lake County that was turned over to Millcreek at incorporation. It was exciting to use tax increment to fund improvements. Mr. Lilly explained this project had taken a year to get moving and staff was very excited for this. Board Member Jackson moved to adopt Resolution 22-08, Approving a Participation Agreement with PRI Millcreek. Board Member Uipi seconded. The Deputy Recorder called for the vote. All Board Members present voted yes. The motion passed unanimously. 3. Approval of April 25, 2022, Regular Meeting Minutes Board Member Uipi moved to approve item 3, April 25, 2022, Regular Meeting Minutes. Board Member Jackson seconded. Chair Silvestrini called for the vote. All Board Members present voted yes. The motion passed unanimously. ADJOURNED: Board Member Uipi moved to adjourn the meeting at 8:20 p.m. Board Member Jackson seconded. Chair Silvestrini called for the vote. All Board Members present voted yes. The motion passed unanimously. Jeff Silvestrini. Chair Attest: Elyse Sullivan, Recorder