Community Reinvestment Agency

Minutes of the Millcreek Community Reinvestment Agency April 10, 2023 7:00 p.m. Regular Meeting The Cominunity Reinvestment Agency of Millcreek, Utah, met in a regular public meeting on April 10, 2023, 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 comment. PRESENT: Board Members City Staff Jeff Silvestrini, Chair Mike Winder, City Manager Silvia Catten Elyse Sullivan, Agency Recorder Thom DeSirant Francis Lilly, Assistant City Manager Cheri Jackson Kurt Hansen, Facilities Director Bev Uipi Laurie Johnson, HR-Finance Director John Brems, City Attorney Attendees: Lt. Petty-Brown REGULAR MEETING: 7:00 p.m. TIME COMMENCED: 9:09 p.m. Chair Silvestrini called the meeting to order. 1. Present FY 2023-24 Community Reinvestment Agency Tentative Budget; Laurie Johnson, HR-Finance Director Laurie Jomson said she kept revenue projections consistent. Millcreek Center Community Reinvestment Area (CRA) earned more property taxes which would help pay back debts. Fiscal year 2024 was interest only, in 2025, principal and interest would need to be paid on the bond. She said the Millcreek Center CRA could start reducing what was borrowed from the West Millcreek CRA to make payments. Slie said the budget was similar to the prior year on the West Millcreek CRA. The Woodland Avenue CRA was triggered in 2023. The MedTech CRA would trigger on or before March 1, 2025. Winder said the Woodland Avenue CRA revenues could be used towards Millcreek Coinrnon Phase II. 2. Discussion and Consideration of Resolution 23-01, Acknowledging Receipt of the Community Reinvestment Agency (CRA) Tentative Budget on April 10, 2023; and Tentatively Adopting the Tentative Budget for the Fiscal Year Beginning July 1, 2023, and Ending June 30, 2024 Millcreek CRA Meeting Minutes 10 April 2023 Page 2 of 2 Board Member Uipi moved to adopt item 2 on the CRA meeting agenda. Board Member Jackson seconded. The Recorder called for the vote. Board Member Catten voted yes, Board Member DeSirant voted yes, Board Member Jackson voted yes, Board Member Uipi voted yes, and Chair Silvestrini voted yes. The motion passed unanimously 3. Approval of June 27, 2022 Meeting Minutes Board Member Uipi moved to approve item 3. Board Member DeSirant seconded. Chair Silvestrini called for the vote. Board Member Catten voted yes, Board Member DeSirant voted yes, Board Member Jackson voted yes, Board Member Uipi voted yes, and Chair Silvestrini voted yes. The motion passed unanimously. ADJOURNED: Board Member Uipi moved to adjourn the meeting at 9:13 p.m. Board Member DeSirant seconded. Chair Silvestrini called for the vote. Board Member Catten voted yes, Board Member DeSirant voted yes, Board Member Jackson voted yes, Board Member Uipi voted yes, and Chair Silvestrini voted yes. The motion passed unanimously. APPROVED: Date (yeS#ffvestrm=chatr' q-iq'1013 Attest: Eke, Recorder