City Council Study Meeting

THE WEST VALLEY CITY COUNCIL MET IN ELECTRONIC STUDY SESSION ON TUESDAY, JUNE 13, 2023 AT 4:30 P.M. AT WEST VALLEY CITY HALL, MULTIPURPOSE ROOM, 3600 CONSTITUTION BOULEVARD, WEST VALLEY CITY, UTAH. THE MEETING WAS CALLED TO ORDER AND CONDUCTED BY MAYOR LANG. THE FOLLOWING MEMBERS WERE PRESENT: Karen Lang, Mayor Lars Nordfelt, Councilmember At-Large Don Christensen, Councilmember At-Large Tom Huynh, Councilmember District 1 Scott Harmon, Councilmember District 2 William Whetstone, Councilmember District 3 Jake Fitisemanu, Councilmember District 4 (electronically) STAFF PRESENT: Wayne T Pyle, City Manager (electronically) Nichole Camac, City Recorder Nicole Cottle, Assistant City Manager/General Counsel Eric Bunderson, City Attorney Colleen Jacobs, Police Chief (electronically) John Evans, Fire Chief Jim Welch, Finance Director Steve Pastorik, CED Director Layne Morris, CPD Director Dan Johnson, Public Works Director Nancy Day, Parks and Recreation Director Mark Nord, RDA Director John Flores, HR Director (electronically) Sam Johnson, Strategic Communications Director Ken Cushing, IT (electronically) APPROVAL OF MINUTES OF STUDY MEETING HELD JUNE 6, 2023 The Council considered the Minutes of the Study Meeting held June 6, 2023. There were no changes, corrections or deletions. Councilmember Huynh moved to approve the Minutes of the Study Meeting held June 6, 2023. Councilmember Christensen seconded the motion. A voice vote was taken and all members voted in favor of the motion. REVIEW AGENDA FOR REGULAR CITY COUNCIL AND SPECIAL BUILDING AUTHORITY MEETINGS OF JUNE 13, 2023 Eric Bunderson, City Attorney, indicated that adjustments were made to Ordinance 23-19 per the Council’s request that would add a 5 minute per speaker time limit during Public Hearings and would provide the Mayor discretion to adjust as needed. Councilmember Whetstone stated that he would be interested in modifying the ordinance to continue to allow public comment each week. Councilmember Harmon agreed and indicated that after hearing concerns voiced by residents at last weeks meeting, he would like to continue to allow public comment each week but reduce it to 3 minutes per speaker. Councilmember Christensen agreed. Upon inquiry by Mayor Lang, members of the Council had no further questions or concerns regarding items listed on the Agenda for the Regular City Council or Special Building Authority meetings scheduled later this night. PUBLIC HEARINGS SCHEDULED FOR JUNE 20, 2023 A. ACCEPT PUBLIC INPUT REGARDING RE-OPENING THE FY 2022-2023 BUDGET Mayor Lang informed a public hearing had been advertised for the Regular Council Meeting scheduled June 20, 2023, in order for the City Council to hear and consider public comments regarding re-opening the FY 2022-2023 Budget. Proposed Ordinance 23-20 related to the proposal to be considered by the City Council subsequent to the public hearing, was discussed as follows: ACTION: ORDINANCE NO. 23-20, AMEND THE BUDGET OF WEST VALLEY CITY FOR THE FISCAL YEAR BEGINNING JULY 1, 2022 AND ENDING JUNE 30, 2023 TO REFLECT CHANGES IN THE BUDGET FROM INCREASED REVENUES AND AUTHORIZE THE DISBURSEMENT OF FUNDS  Jim Welch, Finance Director, discussed proposed Ordinance 23-20 that would amend the Budget of West Valley City for the Fiscal Year Beginning July 1, 2022 and Ending June 30, 2023 to Reflect Changes in the Budget from Increased Revenues and Authorize the Disbursement of Funds. Written documentation previously provided to the City Council included information as follows: State Statute Title 10, Chapter 6, Utah Code Annotated 1953, as amended, allows the City to amend its budget during the year. The City holds public hearings on budget amendments on a quarterly basis each fiscal year. A Public Notice was posted June 8, 2023, in public view at City Hall, the Family Fitness Center and UCCC; also, posted on the Public Notice Website and West Valley City’s Website. Notice was given that a public hearing is to be held June 20, 2023, at 6:30 p.m., West Valley City Hall, 3600 Constitution Blvd., West Valley City, Utah. Councilmember Whetstone asked if golf course revenues listed in this budget opening come back into the City. Jim explained that this budget opening is authorization to expend money. He indicated that this item in particular would be the purchase of merchandise that is sold at the golf courses and noted that money does flow back into the City. The City Council will consider Ordinance 23-20 at the Regular Council Meeting scheduled June 20, 2023 at 6:30 P.M. B. ACCEPT PUBLIC INPUT REGARDING APPLICATION GP-1-2023, FILED BY RUSSELL PLATT, REQUESTING A GENERAL PLAN CHANGE FROM MIXED USE WITH HIGH DENSITY RESIDENTIAL TO MIXED USE WITH VERY HIGH DENSITY RESIDENTIAL FOR PROPERTY LOCATED AT 1251 WEST 3300 SOUTH Mayor Lang informed a public hearing had been advertised for the Regular Council Meeting scheduled June 27, 2023, in order for the City Council to hear and consider public comments regarding Application GP-1-2023, Filed by Russell Platt, Requesting a General Plan Change from Mixed Use with High Density Residential to Mixed Use with Very High Density Residential for Property Located at 1251 West 3300 South. Proposed Ordinance 23-21 and Resolution 23-83 related to the proposal to be considered by the City Council subsequent to the public hearing, was discussed as follows: ACTION: ORDINANCE NO. 23-21, AMEND THE GENERAL PLAN TO SHOW A CHANGE OF LAND USE FROM MIXED USE WITH HIGH DENSITY RESIDENTIAL TO MIXED USE WITH VERY HIGH DENSITY RESIDENTIAL FOR PROPERTY LOCATED AT 1251 WEST 3300 SOUTH Steve Pastorik, CED Director, discussed proposed Ordinance 23-21 that would amend the General Plan to Show a Change of Land Use from Mixed Use with High Density Residential to Mixed Use with Very High Density Residential for Property Located at 1251 West 3300 South Written documentation previously provided to the City Council included information as follows: The property is currently developed as the Village at River’s Edge Apartments which include 244 apartments and 21,054 square feet of commercial space on the ground floor of four of the buildings on the north end of the property. In the southeast corner of the property there is a 40-unit condo building that is not included with this application. The current density of the apartment development is 18.8 units/acre. The applicant is proposing two significant changes to the existing Village at River’s Edge development that are highlighted on the attached concept plan. The first proposed change is to remodel buildings A1-A4 (buildings in blue on the concept plan) to replace the existing commercial space with 30 new apartments. The second change is to fill the wetland area along the east side of the property and develop 17 rental townhome units within 4 new buildings (buildings in purple on the concept plan). The addition of 47 new units increases the density from 18.8 units/acre to 22.4 units/acre. This is why the General Plan change is sought. Included with this issue paper are renderings for the proposed townhomes as well as renderings showing how the existing mixed use buildings would be remodeled to convert the ground floor commercial space into apartments. The original development agreement and a license history of the businesses on the property are included for reference. ACTION: RESOLUTION NO. 23-83, AUTHORIZE THE CITY TO ENTER INTO A DEVELOPMENT AGREEMENT WITH VILLAGE AT RIVER'S EDGE, LLC FOR APPROXIMATELY 13.02 ACRES OF PROPERTY LOCATED AT APPROXIMATELY 1251 WEST 3300 SOUTH Steve Pastorik, CED Director, discussed proposed Resolution 23-83 that would authorize the City to Enter Into a Development Agreement With Village at River's Edge, LLC for Approximately 13.02 Acres of Property Located at Approximately 1251 West 3300 South. Written documentation previously provided to the City Council included information as follows: Russell Platt has submitted a General Plan change application (GP-1-2023) on 13.02 acres to change the General Plan from Mixed Use with High Density Residential to Mixed Use with Very High Density Residential. The Planning Commission recommended approval of the General Plan change subject to a development agreement. The proposed development agreement replaces the original development agreement on this property and addresses the number of new apartments and rental townhomes, the apartment unit mix, minimum unit sizes, exterior building design, interior finishes, updates/repairs to the existing buildings, new amenities, landscaping, and management standards. Councilmember Christensen stated that development of wetland areas takes approval from the Corp of Engineers and asked if the developer is aware of that process. Steve replied yes and noted that they are in contact with the Corp. Councilmember Christensen asked if there will be any commercial use left. Steve replied no. Councilmember Christensen asked why the zoning is being left at mixed use. Steve replied  that it is unnecessary to change the zone with what is being proposed by the applicant. Councilmember Harmon asked if the streets are private and what the parking situation will be. Seve replied that the overall property is owned by one property owner so this is considered a drive as opposed to private or public street systems. He indicated that because commercial generally requires more parking than residential, the site will exceed the City’s parking requirements. Mayor Lang asked if there will be garage parking for the townhome units. Steve replied yes and noted that all townhomes will have a 2 car garage as well as 2 additional spaces in the driveways. Mayor Lang stated that she would rather the townhomes be owner occupied and not rentals. Steve replied that because of the City’s regulations regarding private street prohibitions, this would not be possible. Mayor Lang asked if the businesses will be given time to move locations. Steve replied that remaining businesses are on a month-to-month lease. Councilmember Harmon asked if there are any plans for the corner piece of this property. Steve replied that parcel is owned by the RDA and there are no current plans for development. Councilmember Whetstone asked if there were flooding concerns in this area. Steve replied no but noted that stormwater run-off will need to be determined as the property is developed. The City Council will consider Ordinance 23-21 and Resolution 23-83 at the Regular Council Meeting scheduled June 20, 2023 at 6:30 P.M. ORDINANCE 23-22: AMEND SECTIONS 1-2-107(4)(K) AND 5(1) OF THE WEST VALLEY CITY MUNICIPAL CODE TO UPDATE THE TOURNAMENT FEES FOR THE WEST VALLEY CITY GOLF COURSES Nancy Day, Parks and Recreation Director, presented proposed Ordinance 23-22 that would amend Sections 1-2-107(4)(k) and 5(1) of the West Valley City Municipal Code to Update the Tournament Fees for the West Valley City Golf Courses. Written documentation previously provided to the City Council included information as follows: The Parks and Recreation Department golf staff have researched tournament pricing at many public golf courses and compared these fees to their current rates. It was found that the current West Valley City rates are low in comparison. The proposed increase keeps the City’s golf tournament rates aligned with the market. The new rates and format outlined below will not start until the 2024 season. These rates continue to include green fees, carts, and merchandise. Weekday Rates: $65 per player *Weekend Rates: $11,000 course rental for up to 144 players (18 holes) $14,000 course rental for up to 220 players (27 holes) (Stonebridge GC) *Previously, weekend tournaments were set-up similar to weekday tournaments with a per player fee. This has changed in the market to prevent prime time reservations from tournaments with last minute changes. Councilmember Whetstone asked if there is a different in fees for non-profits. Nancy replied no, not for tournaments. The City Council will consider Ordinance 23-22 at the Regular Council Meeting scheduled June 20, 2023 at 6:30 P.M RESOLUTION 23-84: APPROVE AN INTERLOCAL AGREEMENT TO PARTICIPATE IN A CONSORTIUM TO RECEIVE HOME INVESTMENT PARTNERSHIP FUNDS Layne Morris, CPD Director, presented proposed Resolution 23-84 that would approve an Interlocal Agreement to Participate in a Consortium to Receive Home Investment Partnership Funds. Written documentation previously provided to the City Council included information as follows: West Valley City is part of a county wide consortium of cities that receive Housing and Urban Development (HUD) HOME Investment Partnerships (HOME) funds through Salt Lake County. To participate in the Salt Lake County HOME Consortium and receive this funding we must have an interlocal agreement in place with Salt Lake County. The agreement is effective from October 1, 2023 until September 30, 2026. By itself, West Valley City does not qualify for federal HOME program funds through HUD. As part of a larger consortium of cities, however, we have succeeded in qualifying for these funds, with Salt Lake County as the receiving agency. After being notified of our HOME award each year, we will enter into a HOME program agreement with Salt Lake County to spend the funding, then invoice Salt Lake County for reimbursement of eligible expenses. The interlocal agreement details the relationship between West Valley City and Salt Lake County. This interlocal agreement is renewed every three years. Councilmember Whetstone asked if it would be better to enter into this Interlocal with the Housing Authority as opposed to the City. Layne replied that because the Housing Authority is formed and run as division of the City, account procedures and other requirements made it easier to tie the Interlocal through the City. He indicated that this is how the County prefers it as well and is how all other entities participate. The City Council will consider Resolution 23-84 at the Regular Council Meeting scheduled June 20, 2023 at 6:30 P.M CONSENT AGENDA SCHEDULED FOR APRIL 4, 2023 A. RESOLUTION 23-85: AUTHORIZE THE CITY TO ABANDON AN EASEMENT AND A PORTION OF AN EASEMENT LOCATED AT 5456 SOUTH 5600 WEST Wayne Pyle, City Manager, discussed proposed Resolution 23-85 that would authorize the City to Abandon an Easement and a Portion of an Easement Located at 5456 South 5600 West.  Written documentation previously provided to the City Council included information as follows: In 1986 a Storm Drain Retention Pond Easement was recorded in favor of Salt Lake County across property located at 5456 South 5600 West. In 1986 a second Storm Drain Retention Pond Easement was recorded in favor of Salt Lake County, a portion of which is over the area of the earlier easement. As the retention ponds have been modified and approved by West Valley City, the property owner has requested these easements be abandoned by West Valley City. Carpe Diem Auct, LLC is the owner of property located at 5456 South 5600 West, parcel 20-14-231-026, Lot 1 of the Carpe Diem Auctum Subdivision. The above referenced storm drain retention pond easements were recorded in favor of Salt Lake County prior to the Smith’s Annexation in 1995 by West Valley City. After the annexation of property, West Valley City became the successor in interest to Salt Lake County. As the easements are no longer necessary, an Abandonment of a Portion of a Storm Drain Retention Pond Easement document and an Abandonment of Storm Drain Retention Pond Easement document have been prepared for approval by the West Valley City Council and execution by the mayor. The City Council will consider Resolution 23-85 on the Consent Agenda at the Regular Council Meeting scheduled June 20, 2023 at 6:30 P.M COMMUNICATIONS A. FRAUD RISK ASSESSMENT Jim Welch, Finance Director, presented a copy of this year’s Fraud Risk Assessment to the Mayor and Council. He reviewed the assessment in detail. Mayor Lang asked if the City received the highest points possible. Jim replied yes. The Mayor and Council had no further questions or concerns. B. RESIDENTIAL ORDINANCE DISCUSSION Steve Pastorik, CED, presented a PowerPoint presentation summarized as follows: - Rental Home Topics o Housing Definitions o Legal Rental Scenarios o Illegal Rental Scenarios o Enforcing Illegal Rentals - Housing Definitions o “Boarding Home” means a Dwelling Unit, or portion thereof, wherein a room or rooms are rented under two or more separate written or oral rental agreements, leases, or subleases or combination thereof, whether or not the owner, agent, or rental manager resides within the Dwelling Unit. (WVC Code 7-1-103 (38)) o “Rental dwelling unit” shall mean any individual dwelling unit that is rented, leased, subleased, loaned, let or hired out, or used or occupied as a home or residence by any individual or entity other than the owner. (WVC Code 17-2-801 (3)) - Legal Rental Scenarios o Scenario 1: An entire home is rented long-term as one unit by a single household under a single lease. In this scenario, the owner of the home needs a business license. o Scenario 2: An entire home is rented short-term as one unit by a single household under a single lease. In this scenario, the owner of the home needs a business license. o Scenario 3: An entire home is occupied and shared as one unit by the owner and one or more tenants under a single lease. The City has not required a business license in this scenario. o Scenario 4: A portion of the home is occupied by the owner as one unit and the remaining portion of the home is occupied as a second unit (ADU) to tenants under a single lease. A business license is required for the rented unit and a building permit is required to create the second unit. - Illegal Rental Scenarios o Scenario 5: A portion of the home is rented to one or more tenants as one unit under one lease and the remaining portion of the home is rented to one or more tenants as a second unit under a separate lease. This scenario would constitute a two-unit dwelling or duplex and duplexes are not allowed in R-1 and A zones. o Scenario 6: Individual rooms within a home are leased to one or more tenants with a separate lease for each room. This scenario describes a boarding home and boarding homes are not allowed in R-1 and A zones. - Enforcing Illegal Rentals o The biggest challenge is obtaining sufficient evidence. o Examples of evidence include:  Online ads that describe illegal activity in text or photos  Construction work being done without a permit  Testimony from tenants  Appraisals or County Assessor records  The property address doesn’t match the owner’s address and there is no rental business license  Applicant admission on license application  Interior building inspection for related or unrelated work  Exterior license inspection (two mailboxes, two doors, etc.) Councilmember Harmon verified that a home occupied by anyone other than the owner is considered a rental. Steve replied yes. Councilmember Huynh asked how the Code could be adjusted to allow a family member to occupy a home that the homeowner doesn’t. Steve replied that the difficulty with this is enforcement. He indicated that “defining” what constitutes family is very difficult. Mayor Lang agreed and  noted that would be almost impossible to determine and enforce. Councilmember Nordfelt asked how much a business license would be for a rental home. Steve replied that he believes it is $35. Mayor Lang asked if there is a limit to how many renters live in a home. Steve replied that there can only be one lease per household. Councilmember Harmon stated that situations 5 and 6 are the issues he hears about most. Steve agreed and indicated that State Code does allow ADU’s so there can be two families living in the same household (one upstairs and one downstairs, for example) as long as one of the individuals living in the home is the homeowner. Councilmember Huynh expressed concern again about allowing family to live in a home without the owner living in the home as well. Steve replied that generally the City is not going after these situations unless there are other concerns, such as Code Enforcement or Police activity, the bring the issue to light. Councilmember Harmon asked if there is a list of boarding home houses that staff keeps an eye on. Steve replied that for boarding homes specifically, there is no real way to systematically identify these until a complaint is received. He noted that once a complaint is received, the City can use various tools to investigate further and hopefully rectify the issue. Councilmember Huynh asked who enforces these types of issues. Steve replied that it would depend on the issue and could be Code Enforcement, Community Development via Building Inspections, Police, etc. Councilmember Fitisemanu asked how the Council can reassure neighbors that the City is doing what it can when it comes to Boarding Homes in neighborhoods. Wayne replied that there is a proactive effort with Police and Code Enforcement in as much as they are able. He noted that there is an internal coordination meeting that occurs once a month and this group discusses these problems homes, complaints, etc. Wayne stated that when problems arise, this group meets to determine how best to resolve the issue. He noted that the process is often lengthier than what residents would want but the issue is very difficult to resolve since the City can’t walk into private homes to determine the internal situation and often has to rely on other problems that must go through the due process. He encouraged residents with concerns to reach out to Community Development and points of contact can be established as staff works to find solutions. The Mayor and Council had no further questions or concerns. C. COUNCIL CALENDAR Mayor Lang referenced a Memorandum previously received from the City Manager that outlined upcoming meetings and events. Members of the City Council had no further questions regarding the Council Update. NEW BUSINESS A. POTENTIAL FUTURE AGENDA ITEMS Councilmember Nordfelt stated that since the City Manager has announced his retirement for the end of the year, he thinks it’s important for the Council to get a plan in place to replace that position and should be discussed soon. He suggested having HR prepare a presentation so the Council can discuss what steps need to be taken to move forward. Councilmember Huynh, Harmon, and Whetstone agreed. Councilmember Harmon requested that the bond debt schedule that was provided to the Council in a memo be added to these minutes for the public to view. Councilmember Whetstone asked if staff could provide debt to revenue standards that City’s should abide by. Wayne replied that this is something bond rating agencies do frequently and indicated that Fitch recently assessed the City at being at a moderate level. He indicated that through his tenure with the City, debt levels to overall finances have remained steady. Councilmember Harmon requested that annual payment schedules be provided as well. Councilmember Whetstone asked if additional payments can be made to debts that are not callable. Wayne replied not in that way but there are other ways to address this. Councilmember Whetstone asked if the average interest rate for each debt could be provided. Councilmember Nordfelt stated that he would like to look at a potential change to home businesses and how much product can be sold. He indicated that the Code currently provides for a $2,000 a year limit but suggested that the Council raise this to reflect inflation. After conversation, the Council requested that staff provide a recommendation. Nichole Camac, City Recorder, stated that the Mayor met with the Children’s Center who will be moving into the old Granger Medical building. She noted that the group would like to meet with the Council and explain what their program does and how it can benefit the community. The Council agreed to get this scheduled. B. COUNCIL REPORTS N/A C. STRATEGIC DISCUSSION LIST Mayor Lang stated that items would continue to be discussed on the list. D. REVIEW AGENDA FOR SPECIAL MUNICIPAL BUILDING AUTHORITY MEETING SCHEDULED JUNE 20, 2023 Jim Welch, Finance Director, indicated that this meeting has a resolution to adopt budget openings and would be discussed June 20, 2023 following the Regular City Council meeting. The Mayor and Council discussed the Harmon Theatre fund balance and State Regulations. MOTION TO ADJOURN Upon motion by Councilmember Huynh all voted in favor to adjourn. THERE BEING NO FURTHER BUSINESS OF THE WEST VALLEY COUNCIL THE STUDY MEETING ON TUESDAY JUNE 13, 2023 WAS ADJOURNED AT 6:10 PM BY MAYOR LANG.  I hereby certify the foregoing to be a true, accurate and complete record of the proceedings of the Study Meeting of the West Valley City Council held Tuesday, June 13, 2023. _______________________________ Nichole Camac, CMC City Recorder WEST VALLEY CITY, UT Profile Summary Reporting Date 05/24/2023 Series Purpose Origination Date Original Amount Outstanding Amount Payoff Date Early Pay-off Date 2010 - Sales Tax Revenue Refund E-Center and Cultural Center 12/28/2010 14,466,760.00 14,466,760.00 07/15/2035 Non Callable 2011 - Note Payable Embassy Suites Hotel 10/19/2010 33,063,000.07 24,365,566.45 10/15/2037 Non Callable 2013 A - Sales Tax Revenue Refund Pubic Safety Storage and Animal Shelter 01/14/2013 5,880,000.00 730,000.00 07/15/2023 Currently Callable 2015 - RDA Tax Increment Revenue Refund 2005 City Center 11/10/2015 3,163,000.00 378,000.00 03/01/2024 Non Callable 2016 - Lease Revenue Maverik Center and Fire Stations 07/27/2016 30,750,000.00 16,035,000.00 02/01/2038 2/1/2026 2016 - Revenue Refunding Refund Valley Fair Mall and others 10/27/2016 10,490,000.00 8,135,000.00 11/01/2036 Non Callable 2016 A - Tax Increment Revenue and refunding Refund 2009 Infrastructure and Mall and 2012 Mall 10/27/2016 16,514,000.00 4,807,000.00 05/01/2025 10/27/2024 2017 - Lease Revenue Parking Structure, New Public Safety Bldg. and Courts 05/10/2017 47,235,000.00 43,535,000.00 02/01/2044 2/1/2027 2019 - Lease Revenue Public Works and Parks Bldg. 03/19/2019 11,155,000.00 10,140,000.00 02/01/2044 2/1/2029 2020 - Tax Increment Revenue and Refunding Refund 2010 Build America and 2008 City Center 05/01/2020 4,795,000.00 3,625,000.00 11/01/2025 Currently Callable 2021 - Road Revenue Transportation Infrastructure 12/22/2021 14,285,000.00 13,386,000.00 09/15/2036 Currently Callable 2022 - Lease Revenue Courts Remodel 06/23/2022 5,125,000.00 4,900,000.00 02/01/2044 2/1/2032 WEST VALLEY CITY, UT Debt Service Series 2010 Sales Tax Revenue Refunding Bonds Capital Appreciation Bonds 2010 Sales Tax Revenue Refunding Bonds Sales Tax Revenue Date Principal Interest Total 06/30/2023 06/30/2024 526,260.00 684,245.40 1,210,505.40 06/30/2025 634,060.00 924,530.65 1,558,590.65 06/30/2026 607,600.00 988,466.00 1,596,066.00 06/30/2027 1,780,660.00 3,217,907.00 4,998,567.00 06/30/2028 1,705,200.00 3,410,052.00 5,115,252.00 06/30/2029 1,631,700.00 3,599,064.00 5,230,764.00 06/30/2030 1,795,360.00 4,355,122.00 6,150,482.00 06/30/2031 1,327,900.00 3,533,365.75 4,861,265.75 06/30/2032 973,140.00 2,833,922.70 3,807,062.70 06/30/2033 931,000.00 2,961,245.00 3,892,245.00 06/30/2034 890,820.00 3,089,054.70 3,979,874.70 06/30/2035 852,600.00 3,217,956.00 4,070,556.00 06/30/2036 810,460.00 3,324,540.00 4,135,000.00 Total 14,466,760.00 36,139,471.20 50,606,231.20 WEST VALLEY CITY, UT Debt Service Series 2011 Notes Payable 2011 Note Note Date Principal Interest Total 06/30/2011 06/30/2012 1,231,019.17 1,231,019.17 06/30/2013 355,768.68 1,872,958.30 2,228,726.98 06/30/2014 637,928.45 1,841,333.23 2,479,261.68 06/30/2015 675,121.14 1,804,140.54 2,479,261.68 06/30/2016 714,482.22 1,764,779.46 2,479,261.68 06/30/2017 756,138.16 1,723,123.52 2,479,261.68 06/30/2018 800,222.75 1,679,038.93 2,479,261.68 06/30/2019 846,877.55 1,632,384.13 2,479,261.68 06/30/2020 896,252.44 1,583,009.24 2,479,261.68 06/30/2021 948,506.00 1,530,755.68 2,479,261.68 06/30/2022 1,003,806.03 1,475,455.66 2,479,261.69 06/30/2023 1,062,330.20 1,416,931.48 2,479,261.68 06/30/2024 1,124,266.50 1,354,995.18 2,479,261.68 06/30/2025 1,189,813.79 1,289,447.89 2,479,261.68 06/30/2026 1,259,182.64 1,220,079.04 2,479,261.68 06/30/2027 1,332,595.83 1,046,665.85 2,379,261.68 06/30/2028 1,410,289.25 1,068,972.43 2,479,261.68 06/30/2029 1,492,512.27 986,749.41 2,479,261.68 06/30/2030 1,579,529.15 899,732.53 2,479,261.68 06/30/2031 1,671,619.27 807,642.41 2,479,261.68 06/30/2032 1,769,078.46 710,183.22 2,479,261.68 06/30/2033 1,872,219.78 607,041.90 2,479,261.68 06/30/2034 1,981,374.45 497,887.23 2,479,261.68 06/30/2035 2,096,893.08 382,368.60 2,479,261.68 06/30/2036 2,219,146.73 260,104.95 2,479,251.68 06/30/2037 2,348,528.02 130,733.66 2,479,261.68 06/30/2038 1,018,517.23 14,508.47 1,033,025.70 Total 33,063,000.07 30,832,042.11 63,895,042.18 WEST VALLEY CITY, UT Debt Service Series 2013 A Sales Tax Revenue Refunding Bonds 2013A - Sales Tax Revenue Refunding Bonds Sales Tax Revenue Date Principal Interest Total 06/30/2013 06/30/2014 145,954.31 145,954.31 06/30/2015 145,550.00 145,550.00 06/30/2016 60,000.00 144,950.00 204,950.00 06/30/2017 860,000.00 135,750.00 995,750.00 06/30/2018 875,000.00 118,400.00 993,400.00 06/30/2019 640,000.00 103,250.00 743,250.00 06/30/2020 650,000.00 90,350.00 740,350.00 06/30/2021 665,000.00 73,875.00 738,875.00 06/30/2022 690,000.00 53,550.00 743,550.00 06/30/2023 710,000.00 32,550.00 742,550.00 06/30/2024 730,000.00 10,950.00 740,950.00 Total 5,880,000.00 1,055,129.31 6,935,129.31 WEST VALLEY CITY, UT Debt Service Series 2015 Redevelopment Agency Taxable Increment Revenue Refunding Bonds 2015 - Redevelopment Agency Taxable Increment Revenue Refunding Bonds Tax Increment Revenue Date Principal Interest Total 06/30/2015 06/30/2016 364,000.00 22,040.84 386,040.84 06/30/2017 323,000.00 63,257.40 386,257.40 06/30/2018 330,000.00 55,957.60 385,957.60 06/30/2019 338,000.00 48,499.60 386,499.60 06/30/2020 346,000.00 40,860.80 386,860.80 06/30/2021 353,000.00 33,041.20 386,041.20 06/30/2022 361,000.00 25,063.40 386,063.40 06/30/2023 370,000.00 16,904.80 386,904.80 06/30/2024 378,000.00 8,542.80 386,542.80 Total 3,163,000.00 314,168.44 3,477,168.44 WEST VALLEY CITY, UT Debt Service Series 2016 Lease Revenue and Refunding Bonds 2016 Lease Revenue and Refunding Bonds Lease (Revenue) Date Principal Interest Total 06/30/2016 06/30/2017 2,740,000.00 588,851.11 3,328,851.11 06/30/2018 2,370,000.00 1,097,300.00 3,467,300.00 06/30/2019 1,635,000.00 1,049,900.00 2,684,900.00 06/30/2020 1,900,000.00 1,017,200.00 2,917,200.00 06/30/2021 1,960,000.00 960,200.00 2,920,200.00 06/30/2022 2,015,000.00 901,400.00 2,916,400.00 06/30/2023 2,095,000.00 820,800.00 2,915,800.00 06/30/2024 2,160,000.00 737,000.00 2,897,000.00 06/30/2025 2,265,000.00 629,000.00 2,894,000.00 06/30/2026 2,350,000.00 538,400.00 2,888,400.00 06/30/2027 2,470,000.00 420,900.00 2,890,900.00 06/30/2028 2,580,000.00 297,400.00 2,877,400.00 06/30/2029 350,000.00 168,400.00 518,400.00 06/30/2030 365,000.00 154,400.00 519,400.00 06/30/2031 380,000.00 139,800.00 519,800.00 06/30/2032 395,000.00 124,600.00 519,600.00 06/30/2033 410,000.00 108,800.00 518,800.00 06/30/2034 425,000.00 92,400.00 517,400.00 06/30/2035 445,000.00 75,400.00 520,400.00 06/30/2036 460,000.00 57,600.00 517,600.00 06/30/2037 480,000.00 39,200.00 519,200.00 06/30/2038 500,000.00 20,000.00 520,000.00 Total 30,750,000.00 10,038,951.11 40,788,951.11 WEST VALLEY CITY, UT Debt Service Series 2016 Revenue Refunding Bonds 2016 Revenue Refunding Bonds Tax Increment Revenue Date Principal Interest Total 06/30/2016 06/30/2017 212,187.78 212,187.78 06/30/2018 365,000.00 411,500.00 776,500.00 06/30/2019 375,000.00 404,100.00 779,100.00 06/30/2020 385,000.00 394,575.00 779,575.00 06/30/2021 395,000.00 382,875.00 777,875.00 06/30/2022 410,000.00 368,750.00 778,750.00 06/30/2023 425,000.00 352,050.00 777,050.00 06/30/2024 435,000.00 334,850.00 769,850.00 06/30/2025 455,000.00 314,775.00 769,775.00 06/30/2026 485,000.00 291,275.00 776,275.00 06/30/2027 505,000.00 266,525.00 771,525.00 06/30/2028 530,000.00 243,300.00 773,300.00 06/30/2029 550,000.00 221,700.00 771,700.00 06/30/2030 570,000.00 202,150.00 772,150.00 06/30/2031 590,000.00 184,750.00 774,750.00 06/30/2032 605,000.00 166,825.00 771,825.00 06/30/2033 625,000.00 145,250.00 770,250.00 06/30/2034 650,000.00 119,750.00 769,750.00 06/30/2035 680,000.00 89,750.00 769,750.00 06/30/2036 710,000.00 55,000.00 765,000.00 06/30/2037 745,000.00 18,625.00 763,625.00 Total 10,490,000.00 5,180,562.78 15,670,562.78 WEST VALLEY CITY, UT Debt Service Series 2016 A Tax Increment Revenue and Refunding Bonds 2016A - Tax Increment Revenue and Refunding Bonds Tax Increment Revenue Date Principal Interest Total 06/30/2016 06/30/2017 903,000.00 188,222.90 1,091,222.90 06/30/2018 807,000.00 348,125.30 1,155,125.30 06/30/2019 1,571,000.00 330,129.20 1,901,129.20 06/30/2020 1,601,000.00 295,095.90 1,896,095.90 06/30/2021 2,222,000.00 259,393.60 2,481,393.60 06/30/2022 2,277,000.00 209,843.00 2,486,843.00 06/30/2023 2,326,000.00 159,065.90 2,485,065.90 06/30/2024 2,378,000.00 107,196.10 2,485,196.10 06/30/2025 2,429,000.00 54,166.70 2,483,166.70 Total 16,514,000.00 1,951,238.60 18,465,238.60 WEST VALLEY CITY, UT Debt Service Series 2017 Lease Revenue Bonds 2017 Lease Revenue Bonds Lease (Revenue) Date Principal Interest Total 06/30/2017 06/30/2018 755,000.00 1,607,180.00 2,362,180.00 06/30/2019 80,000.00 2,194,150.00 2,274,150.00 06/30/2020 1,670,000.00 2,192,550.00 3,862,550.00 06/30/2021 2,125,750.00 2,125,750.00 06/30/2022 2,125,750.00 2,125,750.00 06/30/2023 1,195,000.00 2,125,750.00 3,320,750.00 06/30/2024 1,245,000.00 2,077,950.00 3,322,950.00 06/30/2025 1,290,000.00 2,028,150.00 3,318,150.00 06/30/2026 1,355,000.00 1,963,650.00 3,318,650.00 06/30/2027 1,420,000.00 1,895,900.00 3,315,900.00 06/30/2028 1,495,000.00 1,824,900.00 3,319,900.00 06/30/2029 1,570,000.00 1,750,150.00 3,320,150.00 06/30/2030 1,640,000.00 1,671,650.00 3,311,650.00 06/30/2031 1,720,000.00 1,589,650.00 3,309,650.00 06/30/2032 1,805,000.00 1,503,650.00 3,308,650.00 06/30/2033 1,895,000.00 1,413,400.00 3,308,400.00 06/30/2034 1,990,000.00 1,318,650.00 3,308,650.00 06/30/2035 2,090,000.00 1,219,150.00 3,309,150.00 06/30/2036 2,195,000.00 1,114,650.00 3,309,650.00 06/30/2037 2,300,000.00 1,004,900.00 3,304,900.00 06/30/2038 2,415,000.00 889,900.00 3,304,900.00 06/30/2039 2,535,000.00 769,150.00 3,304,150.00 06/30/2040 2,665,000.00 642,400.00 3,307,400.00 06/30/2041 2,780,000.00 535,800.00 3,315,800.00 06/30/2042 2,900,000.00 424,600.00 3,324,600.00 06/30/2043 3,040,000.00 279,600.00 3,319,600.00 06/30/2044 3,190,000.00 127,600.00 3,317,600.00 Total 47,235,000.00 38,416,580.00 85,651,580.00 WEST VALLEY CITY, UT Debt Service Series 2019 Lease Revenue Bonds 2019 Lease Revenue Bonds Lease (Revenue) Date Principal Interest Total 06/30/2019 06/30/2020 285,000.00 437,471.67 722,471.67 06/30/2021 230,000.00 490,525.00 720,525.00 06/30/2022 245,000.00 479,025.00 724,025.00 06/30/2023 255,000.00 466,775.00 721,775.00 06/30/2024 300,000.00 454,025.00 754,025.00 06/30/2025 315,000.00 439,025.00 754,025.00 06/30/2026 330,000.00 423,275.00 753,275.00 06/30/2027 350,000.00 406,775.00 756,775.00 06/30/2028 365,000.00 389,275.00 754,275.00 06/30/2029 385,000.00 371,025.00 756,025.00 06/30/2030 405,000.00 351,775.00 756,775.00 06/30/2031 415,000.00 339,625.00 754,625.00 06/30/2032 430,000.00 327,175.00 757,175.00 06/30/2033 450,000.00 305,675.00 755,675.00 06/30/2034 470,000.00 283,175.00 753,175.00 06/30/2035 495,000.00 259,675.00 754,675.00 06/30/2036 515,000.00 241,731.26 756,731.26 06/30/2037 530,000.00 223,062.50 753,062.50 06/30/2038 550,000.00 203,850.00 753,850.00 06/30/2039 570,000.00 183,912.50 753,912.50 06/30/2040 590,000.00 163,250.00 753,250.00 06/30/2041 620,000.00 133,750.00 753,750.00 06/30/2042 650,000.00 102,750.00 752,750.00 06/30/2043 685,000.00 70,250.00 755,250.00 06/30/2044 720,000.00 36,000.00 756,000.00 Total 11,155,000.00 7,582,852.93 18,737,852.93 WEST VALLEY CITY, UT Debt Service Series 2020 Redevelopment Agency Taxable Increment Revenue Refunding Bonds 2020 Redevelopment Agency Taxable Increment Revenue Refunding Bonds Tax Increment Revenue Date Principal Interest Total 06/30/2020 06/30/2021 76,720.00 76,720.00 06/30/2022 76,720.00 76,720.00 06/30/2023 1,170,000.00 67,360.00 1,237,360.00 06/30/2024 1,190,000.00 48,480.00 1,238,480.00 06/30/2025 1,210,000.00 29,280.00 1,239,280.00 06/30/2026 1,225,000.00 9,800.00 1,234,800.00 Total 4,795,000.00 308,360.00 5,103,360.00 WEST VALLEY CITY, UT Debt Service Series 2021 Road Revenue Bonds 2021 Road Revenue Bonds Road (Revenue) Date Principal Interest Total 06/30/2022 06/30/2023 899,000.00 200,370.93 1,099,370.93 06/30/2024 842,000.00 257,011.20 1,099,011.20 06/30/2025 859,000.00 240,844.80 1,099,844.80 06/30/2026 875,000.00 224,352.00 1,099,352.00 06/30/2027 892,000.00 207,552.00 1,099,552.00 06/30/2028 909,000.00 190,425.60 1,099,425.60 06/30/2029 927,000.00 172,972.80 1,099,972.80 06/30/2030 944,000.00 155,174.40 1,099,174.40 06/30/2031 962,000.00 137,049.60 1,099,049.60 06/30/2032 981,000.00 118,579.20 1,099,579.20 06/30/2033 1,000,000.00 99,744.00 1,099,744.00 06/30/2034 1,019,000.00 80,544.00 1,099,544.00 06/30/2035 1,039,000.00 60,979.20 1,099,979.20 06/30/2036 1,058,000.00 41,030.40 1,099,030.40 06/30/2037 1,079,000.00 20,716.80 1,099,716.80 Total 14,285,000.00 2,207,346.93 16,492,346.93  MINUTES OF COUNCIL STUDY MEETING – JUNE 13, 2023 -18- WEST VALLEY CITY, UT Debt Service Series 2022 Lease Revenue Bonds 2022 Lease Revenue Bonds Lease (Revenue) Date Principal Interest Total 06/30/2022 06/30/2023 225,000.00 155,173.61 380,173.61 06/30/2024 135,000.00 245,000.00 380,000.00 06/30/2025 145,000.00 238,250.00 383,250.00 06/30/2026 150,000.00 231,000.00 381,000.00 06/30/2027 160,000.00 223,500.00 383,500.00 06/30/2028 165,000.00 215,500.00 380,500.00 06/30/2029 175,000.00 207,250.00 382,250.00 06/30/2030 185,000.00 198,500.00 383,500.00 06/30/2031 195,000.00 189,250.00 384,250.00 06/30/2032 200,000.00 179,500.00 379,500.00 06/30/2033 215,000.00 169,500.00 384,500.00 06/30/2034 225,000.00 158,750.00 383,750.00 06/30/2035 235,000.00 147,500.00 382,500.00 06/30/2036 245,000.00 135,750.00 380,750.00 06/30/2037 260,000.00 123,500.00 383,500.00 06/30/2038 270,000.00 110,500.00 380,500.00 06/30/2039 285,000.00 97,000.00 382,000.00 06/30/2040 300,000.00 82,750.00 382,750.00 06/30/2041 315,000.00 67,750.00 382,750.00 06/30/2042 330,000.00 52,000.00 382,000.00 06/30/2043 345,000.00 35,500.00 380,500.00 06/30/2044 365,000.00 18,250.00 383,250.00 Total 5,125,000.00 3,281,673.61 8,406,673.61