Community Reinvestment Agency

Minutes of the Millcreek Community Reinvestment Agency June 26, 2023 7:00 p.m. Regular Meeting The Community Reinvestment Agency of Millcreek, Utah, met in a regular public meeting on June 26, 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 John Brems, City Attorney Silvia Catten Elyse Sullivan, Agency Recorder Thom DeSirant (electronic) Francis Lilly, Assistant City Manager Cheri Jackson Kurt Hansen, Facilities Director Bev Uipi (electronic) Lisa Dudley, HR-Finance Director Laurie Johnson, HR-Finance Coordinator Attendees: Chief Steve DeBry REGULAR MEETING: 7:00 p.m. TIME COMMENCED: 9:07 p.m. Chair Silvestrini called the meeting to order. 1. Public Hearing to Consider Opening and Amending the Fiscal Year 2022-23 Community Reinvestment Agency (CRA) Fund Budget Board Member Jackson moved to open the public hearing. Board Member Catten 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. Laurie Johnson reviewed the Community Reinvestment Agency fund revenue budget. The property tax received from other government entities was recognized on a separate line item from regular property tax, and more was received than the original budget contemplated. There was an increase in rents and leases and on bond interest with the Millcreek Center CRA. The loan proceeds decreased as not as much was borrowed from the West Millcreek CRA. The West Millcreek CRA received miscellaneous income. The housing money was previously being held by the County (not noted in the meeting packet), so it was returned to Millcreek and added to the Millcreek CRA Meeting Minutes 26 June 2023 Page 2 of 2 budget, $226,364. She noted tlie interest only was in effect until December 2024 on the 2019 bond. Tlien principal and interest would be required. The CRA fund expenses included tax increment commitments and horising. There was an overall change of $698,452. There was no public corni'nent. Board Member Jackson moved to close the public hearing. Board Member Catten 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. 2. Discussion and Consideration of Resolution 23-03, Amending the Community Reinvestment Agency (CRA) Annual Budget for the Fiscal Year Beginning July 1, 2022, and Ending June 30, 2023 Board Member Jackson moved to adopt Resolution 23-03, Amending the Community Reinvestment Agency Annual Budget for the Fiscal Year Beginning July 1, 2022, and Ending June 30, 2023. Board Member Catten 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 12, 2023 Meeting Minutes Board Member Catten moved to approve June 12, 2023 meeting minutes. Board Member Jackson 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 Catten moved to adjourn the meeting at 9:13 p.m. Board Member Jackson 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. Jeff Snvestrini. Chair Attest: bCksn,uecoraer