Redevelopment Agency (RDA) Meeting

Board of Directors of the REDEVELOPMENT AGENCY OF SALT LAKE CITY AGENDA October 11, 2022 Tuesday 2:00 PM Council Work Room 451 South State Street Room 326 Salt Lake City, UT 84111 SLCRDA.com 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. This is a discussion among RDA Board Directors and select presenters. The public is welcome to listen, unless otherwise specified as a public comment period. Items scheduled may be moved and / or discussed during a different portion of the Meeting based on circumstance or availability of speakers. Item start times and durations are approximate and are subject to change at the Chair’s discretion. Generated: 16:06:34 The RDA Board has returned to a hybrid meeting approach. The hybrid meeting enables people joining remotely or in-person to listen to the Board meeting and participate during public comment items. Public Comments: The public can give comments to the Board during the meetings online through Webex or in-person in Room 326 of the City and County Building. In-person attendees can fill out a comment card and online participants will register through Webex in order to be added to the comment queue. Agenda & Registration Information: For more information, including Webex connection information, please visit www.slc.gov/council/virtual-meetings. (A phone line will also be available for people whose only option is to call in.) Public Health Information: Masks are no longer required in City Facilities, but are welcome for any attendees who prefer to continue using them. We will continue to monitor the situation take any reasonable precautions for the public and staff. A. Comments: 1. General Comments to the Board TENTATIVE 5 min The RDA Board of Directors will receive public comments regarding Redevelopment Agency business in the following formats: 1. Written comments submitted to RDA offices, 451 South State Street, Suite 118, P.O. Box 145455, Salt Lake City, UT. 84114-5455. 2. Comments to the RDA Board of Directors. (Comments are taken on any item not scheduled for a public Hearing, as well as on any other RDA Business. Comments are limited to two minutes.) B. Public Hearing - individuals may speak to the Board once per public hearing topic for two minutes, however written comments are always accepted: NONE. C. Redevelopment Agency Business - The RDA Board of Directors will receive information and/or hold discussions and/or take action on: 1. Approval of Minutes ~2:05 p.m. 5 min. The Board will approve the meeting minutes of June 15, 2021. 2. Resolution: RDA Budget Amendment No.2 for Fiscal Year 2022- ~ 2:10 p.m. 23 20 min. The Board will receive a briefing about a resolution that would amend the final budget of the Redevelopment Agency of Salt Lake City for Fiscal Year 2022-23. Budget amendments happen several times each year to reflect adjustments in the Redevelopment Agency’s budget, including proposed project additions and modifications, and staffing changes. The amendment includes a gap loan for the Spark! project at 1500 West North Temple, funding for a Station Center development plan contract, and market-based compensation adjustments among other items. 3. Informational: Accessory Dwelling Unit Financing Program ~ 2:30 p.m. 20 min. The Board will receive a briefing about the Accessory Dwelling Unit Financing Program. The RDA is working to create a program to help primarily low to moderate-income homeowners finance accessory dwelling unit (ADU) construction. The initial focus of the program will be within the RDA’s 9-Line Project Area. 4. Resolutions: Utah Performing Arts Center Interlocal ~ 2:50 p.m. Agreements 20 min. The Board will receive a briefing about, and will consider adopting, resolutions approving changes to two interlocal agreements between Salt Lake City, the Redevelopment Agency (RDA), and the Utah Performing Arts Center Agency (UPACA), for operation of the George S. and Dolores Dore Eccles Theater. The changes are related to insurance and intended to save taxpayers money. 5. Informational: Eccles Theater Annual Report Presentation ~ 3:10 p.m. 20 min. The Board will receive a presentation from the County’s Department of Arts & Culture about the Eccles Theater Annual Report including structure, programs, financial updates and next steps. The management and operations of the Eccles Theater is provided through an Interlocal Agreement between the owners (Salt Lake City, Salt Lake City Redevelopment Agency and Salt Lake County) entitled the “Utah Performing Arts Center Operating Agreement”. 6. Resolution: Bicycle Collective Loan ~ 3:30 p.m. 20 min. The Board will receive a briefing about, and consider adopting, a resolution approving a $500,000 increase for a loan up to $2,250,000 and lock in a base interest rate. This would fund construction of the nonprofit’s headquarters located at approximately 901 South Gale Street and along the 9-Line Trail. The project will contain about 15,000 square feet for a multi-use building with retail, programming, and operations space. 7. Resolution: Granary Adaptive Reuse Loan Request for Fisher ~ 3:50 p.m. Brewing 20 min. The Board will receive a briefing about, and will consider adopting, a resolution approving a loan to Fisher Brewing Company LLC for construction costs related to a brewery and taproom expansion project at approximately 316 West 800 South.  8. Report and Announcements from the Executive Director TENTATIVE 5 min. Report of the Executive Director, including a review of information items, announcements, and scheduling items. The Board of Directors may give feedback or policy input. 9. Report and Announcements from RDA Staff TENTATIVE 5 min. The Board may review Board information and announcements. The Board may give feedback on any item related to City business, including but not limited to; • Project Updates and Community Outreach; and • Scheduling Items. D. Written Briefings – the following briefings are informational in nature and require no action of the Board. Additional information can be provided to the Board upon request: 1. Informational: Pre-Disposition Property Report - 702 West 200 ~ 4:10 p.m. South (Sun Bar) 20 min. The Board will receive a written briefing about plans for disposition of property at 702 West 200 South. E. Consent – the following items are listed for consideration by the Board and can be discussed individually upon request. A motion to approve the consent agenda is approving all of the following items: 1. Set Date – Resolution: RDA Budget Amendment No.2 for Fiscal Year 2022- - 23 - The Board will set the date of Thursday, November 10, 2022 at 2 p.m. to accept public comment and consider adopting a resolution that would amend the final budget of the Redevelopment Agency of Salt Lake City for Fiscal Year 2022-23. Budget amendments happen several times each year to reflect adjustments in the Redevelopment Agency’s budget, including proposed project additions and modifications, and staffing changes. The amendment includes a gap loan for the Spark! project at 1500 West North Temple, funding for a Station Center development plan contract, and market-based compensation adjustments among other items. F. Tentative Closed Session The Board 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: discussion of the character, professional competence, or physical or mental health of 1. an individual; 2. strategy sessions to discuss pending or reasonably imminent litigation; 3. strategy sessions to discuss the purchase, exchange, or lease of real property: (i) disclose the appraisal or estimated value of the property under consideration; or prevent the public body from completing the transaction on the best possible (ii) terms; strategy sessions to discuss the sale of real property, including any form of a water 4. right or water shares, if: (i) public discussion of the transaction would: disclose the appraisal or estimated value of the property under (A) consideration; or prevent the public body from completing the transaction on the best possible (B) terms; the public body previously gave public notice that the property would be offered (ii) for sale; and< the terms of the sale are publicly disclosed before the public body approves the (iii) sale 5. discussion regarding deployment of security personnel, devices, or systems; and 6. 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. G. Adjournment CERTIFICATE OF POSTING On or before 5:00 p.m. on Thursday, October 6, 2022, 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. CINDY LOU TRISHMAN 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@slcgov.com, 801-535-7600, or relay service 711.