Redevelopment Agency (RDA) Meeting

Board of Directors of the REDEVELOPMENT AGENCY OF SALT LAKE CITY AGENDA August 13, 2024 Tuesday 1:00 PM Council Work Room 451 South State Street, Room 326 Salt Lake City, UT 84111 SLCRDA.com BOARD MEMBERS: Alejandro Puy, Chair Darin Mano, Vice Chair Victoria Petro Chris Wharton Eva Lopez Chavez Dan Dugan Sarah Young 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: 16:19:34 A. Comments: 1. General Comments to the Board ~ 1:00 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 the RDA Board offices: 451 South State Street, Suite 304, P.O. Box 145476, Salt Lake City, UT. 84114-5476. 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 RDABoard of Directors will receive information and/or hold discussions and/or take action on: 1. Approval of Minutes ~ 1:05 p.m. 5 min. The Board will approve the meeting minutes of May 7, 2024; May 21, 2024; June 4, 2024; June 11, 2024; and July 9, 2024. 2. Informational: Salt Lake Central Housing and Transit ~ 1:10 p.m. Reinvestment Zone 20 min. The Board will receive a briefing about a proposed Housing and Transit Reinvestment Zone (HTRZ) application that is centered on the Salt Lake Central Station near 300 South 600 West. HTRZs are intended to facilitate the development of mixed-use, multi- family, and affordable housing development within one-half mile of light rail, bus rapid transit, or commuter rail stations. 3. Informational: 300 West 800 South West Montrose Tier 1 Pre- ~ 1:30 Disposition Property Report p.m. 20 min The Board will receive a briefing about plans for the disposition of the property at approximately 300 West 800 South in the West Temple Gateway project area. The combined property is over two acres in total comprising 11 individual parcels. An open  and competitive RFP is anticipated for a residential mixed-use and mixed-income development. 4. Resolution: Marmalade Plaza Property Disposition to Salt Lake ~ 1:50 p.m. City Corporation 20 min. The Board will receive a briefing and consider approving a resolution that would authorize a fully discounted land conveyance of Tier 2 property at approximately 524 North 300 West to Salt Lake City Corporation. The 0.56-acre parcel contains the nearly completed Marmalade Plaza. If approved, the RDA will transfer ownership of the Plaza to the City for continued management as a public open space. 5. Informational: RDA Commercial Assistance Opportunities ~ 2:10 p.m. 30 min. The Board will receive a briefing about a proposal to amend a package of Commercial Assistance Programs. The RDA conducted a survey of small and local businesses and nonprofits to inform the package of programs. The Board will provide feedback on how to tailor the programs which include two existing programs (a commercial loan program and an adaptive reuse loan program) and two new programs (community and cultural grants and affordable storefront activation strategies). The Board has appropriated funding to implement these programs which is a mix of funding for specific project areas and more flexible funding available to any project area. 6. 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. 7. 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: • Projects Update; and • Scheduling Items. 8. Report of the Chair and Vice Chair TENTATIVE 5 min. Report of the Chair and Vice Chair. 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: Disposition Update for Property at 167- Written Briefing 169 South Regent Street - The Board will receive a written briefing about plans for the disposition of the properties at 167 – 169 South Regent Street in the Central Business District and Block 70 Project Areas. The properties are anticipated to be assembled with adjacent properties for a condominium residential tower development. 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 Thursday, August 8, 2024, 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.