Redevelopment Agency (RDA) Meeting

Board of Directors of the SALT LAKE CITY COMMUNITY REINVESTMENT AGENCY AGENDA May 12, 2026 Tuesday 1:00 PM Council Work Room 451 South State Street, Room 326 Salt Lake City, UT 84111 CRA.SLC.GOV BOARD MEMBERS: Dan Dugan, Chair Victoria Petro Alejandro Puy Chris Wharton Eva Lopez Chavez Erika Carlsen 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 CRA 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: 09:35:46 A. Comments: 1. General Comments to the Board ~ 1:00 p.m. 5 min. The CRA Board of Directors will receive public comments regarding Community Reinvestment Agency business in the following formats: 1. Written comments submitted to the CRA Board offices: 451 South State Street, Suite 304, P.O. Box 145476, Salt Lake City, UT. 84114-5476. 2. Comments to the CRA Board of Directors. (Comments are taken on any item not scheduled for a public hearing, as well as on any other CRA 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: 1. Resolution: CRA Budget Amendment No.3 for Fiscal Year 2025-26 - - The Board will accept public comment on a resolution that would amend the final budget of the Community Reinvestment Agency of Salt Lake City for Fiscal Year 2025-26. Budget amendments happen several times each year to reflect adjustments in the Community Reinvestment Agency’s budget, including proposed project additions and modifications, and staffing changes. The amendment includes adjustments to budgets based on property tax increments received to satisfy obligations under state law, interlocal agreements with other taxing entities, reimbursement agreements with private property owners, and additional funding for agency operations. The budget amendment also addresses an additional $1.6 million in interest revenue, a $2.3 million Library accounting adjustment, and a $1 million transfer from the Central Business District to Secondary Housing, among other items. C. Community Reinvestment Agency Business - the CRA Board 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 January 13, 2026, February 10, 2026, and March 24, 2026. 2. Resolution: CRA Budget Amendment No.3 for Fiscal Year 2025- ~ 1:10 p.m. 26 Follow-Up 10 min. The Board will receive a follow-up briefing and consider adopting a resolution that would amend the final budget of the Community Reinvestment Agency of Salt Lake City for Fiscal Year 2025-26. Budget amendments happen several times each year to reflect adjustments in the Community Reinvestment Agency’s budget, including proposed project additions and modifications, and staffing changes. The amendment includes adjustments to budgets based on property tax increments received to satisfy obligations under state law, interlocal agreements with other taxing entities, reimbursement agreements with private property owners, and additional funding for agency operations. The budget amendment also addresses an additional $1.6 million in interest revenue, a $2.3 million Library accounting adjustment, and a $1 million transfer from the Central Business District to Secondary Housing, among other items. 3. Resolution: Wealth-Building Funding Allocations for Fiscal Year ~ 1:20 p.m. 2025-26 Funds 20 min. The Board will receive a briefing and consider adopting a resolution that would approve the proposed funding allocations for applications received through the Residential Wealth-Building Notice of Funding Availability (NOFA) issued in 2025. Nearly $6.4 million was set aside to fund affordable home ownership. The selection advisory committee recommends funding two developments that would provide 23 townhomes and eight single-family homes for households earning between 80% and 100% of Area Median Income (AMI). 4. 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. 5. Report of the Chair and Vice Chair TENTATIVE 5 min. Report of the Chair and Vice Chair. 6. Report and Announcements from CRA 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 • 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: 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 Meeting The Board will consider a motion to enter into closed meeting. A closed meeting described under Utah Code Annotated (UCA) Section §52-4-205 may be held for specific purposes including, but not limited to discussing: 1. discussion of the character, professional competence, or physical or mental health of 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 (ii) prevent the public body from completing the transaction on the best possible terms. 4. 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. 5. discussion regarding deployment of security personnel, devices, or systems. 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 , , 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.