Redevelopment Agency (RDA) Meeting

Board of Directors of the REDEVELOPMENT AGENCY OF SALT LAKE CITY AGENDA December 12, 2023 Tuesday 2:00 PM Council Chambers 451 South State Street, Room 315 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: 10:11:14 A. Comments: 1. General Comments to the Board ~2:00 p.m. 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. Resolution: Housing and Transit Reinvestment Zone - Tax ~ 2:05 Increment Reimbursement Program Policy p.m. 20 min. The Board will receive a briefing about and consider adopting the Housing and Transit Reinvestment Zone (HRTZ) Tax Increment Reimbursement Program Policy. Recent changes in State law allow municipalities to establish these project areas around public transit facilities to encourage mixed-use, affordable housing development and increased public transit use. Tax increment reimbursement allows for a portion of the property tax generated by a development to be returned to the developer over a fixed period of time. 2. Resolution: 900 South Housing and Transit Reinvestment Zone ~ 2:25 and Interlocal Agreement p.m. 20 min. The Board will receive a briefing about the proposed 900 South HTRZ Interlocal Agreement between Salt Lake City and the Redevelopment Agency of Salt Lake City. This zone would include the general area of the Granary District and tax increment created by development in this area would help create denser, transit-oriented development with varying levels of housing affordability. 3. Resolution: Changes in Bylaws ~ 2:45 p.m. 10 min. The Board will consider adopting a resolution changing the bylaws of the Redevelopment Agency of Salt Lake City relating to the eligibility of the Chair to run for a second term. 4. Informational: Ballpark NEXT Update ~ 2:55 p.m. 20 min. The Board will receive a briefing about re-envisioning the City-owned Smith’s Ballpark and parking lot. This includes a staff request to use existing State Street Project Area Strategic Intervention Funds to support the search for a Design Consultant Team for overall Ballpark design and implementation plans. The Ballpark NEXT Design Competition, which concluded last spring, invited residents, students, and professionals to submit their ideas for the future of the Ballpark Site. 5. Resolution: Loan to Rocky Ventures, INC. for The Front ~ 3:15 p.m. Climbing Club 20 min. The Board will receive a briefing and consider adopting a resolution approving a $2,000,000 loan with a three year term to Rocky Ventures for The Front HQ, a climbing gym located at 1470 South 400 West in the State Street Project Area. The Front is working to expand its gym by remodeling the existing structure and adaptively reusing an adjacent vacant warehouse, combining two buildings into one single facility that will offer approximately 70,000 square feet of space. The RDA loan would allow the owner to complete the project quicker and begin offering expanded services sooner. 6. Informational: Station Center Funding Strategy ~ 3:35 p.m. 20 min. The Board will receive a briefing about updated cost estimates and potential funding options based on the forthcoming Station Center Vision & Implementation Plan. Station Center is located in the Depot District Project Area between 500 to 600 West and 200 to 400 South. The RDA owns approximately eleven acres in Station Center and an additional four acres near 600 West and 100 South. Station Center is envisioned to have new and reconstructed streets, open spaces and upgraded utilities to allow for taller building heights, a shared parking structure, and a mix of land uses. 7. 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. 8. 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: • RDA Programs Update; and • Scheduling items.  9. Report of the Chair and Vice Chair TENTATIVE 5 min. Report of the Chair and Vice Chair. • Announcement clarification on scrivener's error for RDA Budget Amendment No. 1. D. Written Briefings – the following briefings are informational in nature and require no action of Additional information can be provided to the Board upon request: NONE. 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: NONE. 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 Friday December 8, 2023, 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.