Council Work Session Meeting

SALT LAKE CITY COUNCIL AGENDA WORK SESSION May 13, 2025 Tuesday 1:00 PM Council meetings are held in a hybrid meeting format. Hybrid meetings allow people to join online or in person at the City & County Building. Learn more at www.slc.gov/council/agendas. Council Work Room 451 South State Street, Room 326 Salt Lake City, UT 84111 SLCCouncil.com 1:00 PM Work Session for item A1 and immediately following the 1:45 PM Community Reinvestment Agency Meeting. No Formal Meeting Please note: A general public comment period will not be held this day. This is the Council's monthly scheduled briefing meeting. Welcome and public meeting rules In accordance with State Statute and City Ordinance, the meeting may be held electronically. After 5:00 p.m., please enter the City & County Building through the main east entrance. The Work Session is a discussion among Council Members and select presenters. The public is welcome to listen. Items scheduled on the Work Session or Formal Meeting may be moved and / or discussed during a different portion of the Meeting based on circumstance or availability of speakers. The Website addresses listed on the agenda may not be available after the Council votes on the item. Not all agenda items will have a webpage for additional information read associated agenda paperwork. Generated: 15:43:50  Note: Dates not identified in the project timeline are either not applicable or not yet determined. Item start times and durations are approximate and are subject to change. Work Session Items Click Here for the Mayor’s Recommended Budget for Fiscal Year 2025-26. 1. Informational: Economic Forecasting Presentation ~ 1:00 p.m. 30 min. The Council will receive a presentation from Natalie Gochnour, Director of the Kem C. Gardner Policy Institute, on current economic forecasts, including trends and conditions that relate to the upcoming fiscal year budget deliberations. FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 13, 2025 Set Public Hearing Date - n/a Hold hearing to accept public comment - n/a TENTATIVE Council Action - n/a The Council will now convene as the CRA Board. The Work Session will resume immediately following the 1:45 PM Community Reinvestment Agency Meeting. 2. Resolution: Issuance of Airport Revenue Bonds, Series 2025 ~ 3:30 p.m. 20 min. The Council will receive a briefing about a parameters resolution authorizing the issuance and sale of not more than $700 million aggregate principal amount of one or more series of Airport Revenue Bonds, series 2025, for the purpose of financing and refinancing certain Capital Improvements to the Salt Lake City International Airport. The Council's action includes authorizing the execution of a supplemental indenture, a bond purchase agreement, and other documents as required. FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 13, 2025 Set Public Hearing Date - Tuesday, June 3, 2025 Hold hearing to accept public comment - Tuesday, July 1, 2025 at 7 p.m. TENTATIVE Council Action - Tuesday, June 3, 2025 3. Fiscal Year 2025-26 Budget: Administration’s Overview ~ 3:50 p.m. 30 min. The Council will receive an overview from the Administration of the Mayor’s Recommended Budget for Salt Lake City for Fiscal Year 2025-26. For more information visit https://tinyurl.com/SLCFY26. FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 13, 2025 Set Public Hearing Date - Tuesday, April 15, 2025 Hold hearing to accept public comment - Tuesday, May 20, 2025 and Tuesday, June 3, 2025 at 7 p.m. TENTATIVE Council Action - TBD 4. Fiscal Year 2025-26 Budget: Council Staff Overview ~ 4:20 p.m. 45 min. The Council will receive an overview from Council Staff of the Mayor’s Recommended Budget for Salt Lake City for Fiscal Year 2025-26. For more information visit https://tinyurl.com/SLCFY26. FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 13, 2025 Set Public Hearing Date - Tuesday, April 15, 2025 Hold hearing to accept public comment - Tuesday, May 20, 2025 and Tuesday, June 3, 2025 at 7 p.m. TENTATIVE Council Action - TBD 5. Dinner Break ~ 5:05 p.m. 30 min. 6. Fiscal Year 2025-26 Budget: Fleet Fund ~ 5:35 p.m. 30 min. The Council will receive a briefing about the proposed Fleet Fund budget for Fiscal Year 2025-26, which provides vehicles, fuel, and vehicle maintenance and repair services for all City departments. For more information visit https://tinyurl.com/SLCFY26. FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 13, 2025 Set Public Hearing Date - Tuesday, April 15, 2025 Hold hearing to accept public comment - Tuesday, May 20, 2025 and Tuesday, June 3, 2025 at 7 p.m. TENTATIVE Council Action - TBD 7. General Obligation Bond for Parks, Trails, and Open Space – ~ 6:05 p.m. First Issuance Update and Second Issuance Funding Request 20 min. The Council will receive an update on projects funded by the first issuance of the General Obligation Bond for Parks, Trails, and Open Space (Series 2022), as well as considering the Administration’s request for the second issuance (Series 2025). The second issuance would fund nearly $35 million in new projects, such as the next stage of Glendale Park, and new investments in Allen Park, the Jordan River Corridor, and smaller parks, trails and open space projects in each Council district. These funds would also update salary amounts from early 2023 for bond-specific personnel to reflect inflation since that time. Voters authorized a bond of up to $85 million in 2022 to be dedicated to acquiring, improving, renovating and upgrading parks, trails, open space and related amenities. FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 13, 2025 Set Public Hearing Date - n/a Hold hearing to accept public comment - n/a TENTATIVE Council Action - n/a 8. Council Policy Manual: Communication Budget Discussion ~ 6:25 p.m. Follow-up 20 min. The Council will hold a follow-up discussion about the Communication Budget section of the Council Policy Manual and discuss options for how to update the policy. FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, April 15, 2025 and Tuesday, May 13, 2025 Set Public Hearing Date - n/a Hold hearing to accept public comment - n/a TENTATIVE Council Action - n/a 9. Fiscal Year 2025-26 Budget: Finance Department Written Briefing - The Council will receive a written briefing about the proposed Finance Department budget for Fiscal Year 2025-26. For more information visit https://tinyurl.com/SLCFY26. FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 13, 2025 Set Public Hearing Date - Tuesday, April 15, 2025 Hold hearing to accept public comment - Tuesday, May 20, 2025 and Tuesday, June 3, 2025 at 7 p.m. TENTATIVE Council Action - TBD 10. Ordinance: Library Budget Amendment No.2 for Fiscal Written Briefing Year 2024-25 - The Council will receive a written briefing about an ordinance that would amend the budget for the Library Fund for Fiscal Year 2024-25. Budget amendments happen several times each year to reflect adjustments to the City’s budgets, including proposed project additions and modifications. The proposed amendment includes required annual true-ups of property tax increments that go to the Utah Inland Port Authority, Convention Center Hotel, and the Community Reinvestment Agency of Salt Lake City. FYI – Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 13, 2025 Set Public Hearing Date - Tuesday, May 6, 2025 Hold hearing to accept public comment - Tuesday, May 20, 2025 at 7 p.m. TENTATIVE Council Action - Tuesday, May 20, 2025 Standing Items 11. Report of the Chair and Vice Chair - - Report of Chair and Vice Chair. 12. Report and Announcements from the Executive Director - - Report of the Executive Director, including a review of Council information items and announcements. The Council may give feedback or staff direction on any item related to City Council business, including but not limited to scheduling items. 13. Tentative Closed Session - - The Council will consider a motion to enter into Closed Session. A closed meeting described under Section 52-4-205 may be held for specific purposes including, but not limited to: a. discussion of the character, professional competence, or physical or mental health of an individual; b. strategy sessions to discuss collective bargaining; c. strategy sessions to discuss pending or reasonably imminent litigation; d. strategy sessions to discuss the purchase, exchange, or lease of real property, including any form of a water right or water shares, if public discussion of the transaction would: (i) disclose the appraisal or estimated value of the property under consideration; or (ii) prevent the public body from completing the transaction on the best possible terms; e. strategy sessions to discuss the sale of real property, including any form of a water right or water shares, if: (i) public discussion of the transaction would: (A) disclose the appraisal or estimated value of the property under consideration; or (B) prevent the public body from completing the transaction on the best possible terms; (ii) the public body previously gave public notice that the property would be offered for sale; and (iii) the terms of the sale are publicly disclosed before the public body approves the sale; f. discussion regarding deployment of security personnel, devices, or systems; and g. investigative proceedings regarding allegations of criminal misconduct. A closed meeting may also be held for attorney-client matters that are privileged pursuant to Utah Code § 78B-1-137, and for other lawful purposes that satisfy the pertinent requirements of the Utah Open and Public Meetings Act.  CERTIFICATE OF POSTING On or before 5:00 p.m. on _____________________, the undersigned, duly appointed City Recorder, does hereby certify that the above notice and agenda was (1) posted on the Utah Public Notice Website created under Utah Code Section 63F-1-701, and (2) a copy of the foregoing provided to The Salt Lake Tribune and/or the Deseret News and to a local media correspondent and any others who have indicated interest. KEITH REYNOLDS SALT LAKE CITY RECORDER Final action may be taken in relation to any topic listed on the agenda, including but not limited to adoption, rejection, amendment, addition of conditions and variations of options discussed. The City & County Building is an accessible facility. People with disabilities may make requests for reasonable accommodation, which may include alternate formats, interpreters, and other auxiliary aids and services. Please make requests at least two business days in advance. To make a request, please contact the City Council Office at council.comments@slc.gov, 801-535-7600, or relay service 711.