RDA Special Meeting

MINUTES OF RDA SPECIAL REGULAR MEETING – DECEMBER 11, 2018 -1- THE WEST VALLEY CITY REDEVELOPMENT AGENCY MET IN SPECIAL REGULAR SESSION ON TUESDAY, DECEMBER 11, 2018, AT 6:35 P.M. IN THE CITY COUNCIL CHAMBERS, WEST VALLEY CITY HALL, 3600 CONSTITUTION BOULEVARD, WEST VALLEY CITY, UTAH. THE MEETING WAS CALLED TO ORDER BY CHAIRMAN NORDFELT. THE FOLLOWING MEMBERS WERE PRESENT: Lars Nordfelt, Chair Ron Bigelow Tom Huynh Steve Buhler Karen Lang ABSENT: Jake Fitisemanu Don Christensen STAFF PRESENT: Wayne Pyle, Chief Executive Officer Nichole Camac, City Recorder Nicole Cottle, Assistant City Manager/ CED Director/ General Counsel Paul Isaac, Assistant City Manager/ HR Director Eric Bunderson, City Attorney Russ Willardson, Public Works Director Layne Morris, CPD Director Nancy Day, Parks and Recreation Director Colleen Jacobs, Police Chief Bob Fitzgerald, Acting Fire Chief Jim Welch, Finance Director Sam Johnson, Public Relations Jake Arslanian, Public Works Department OPENING CEREMONY Lars Nordfelt conducted the Opening Ceremony. He requested that members of the audience, City Staff, and the Council rise and recite the Pledge of Allegiance. PUBLIC HEARINGS MINUTES OF RDA SPECIAL REGULAR MEETING – DECEMBER 11, 2018 -2- A. ACCEPT PUBLIC INPUT CONCERNING THE PROPOSED COMMUNITY REINVESTMENT PROJECT AREA PLAN AND BUDGET, WHETHER THE AGENCY SHOULD REVISE, APPROVE, OR REJECT THE PROPOSED COMMUNITY REINVESTMENT PROJECT AREA PLAN AND BUDGET, AND TO RECEIVE ALL WRITTEN AND ORAL OBJECTIONS TO THE PROPOSED COMMUNITY REINVESTMENT PROJECT AREA PLAN AND BUDGET. Chairman Nordfelt informed a public hearing had been advertised for the Special Regular Redevelopment Agency Meeting scheduled December 11, 2018, in order for the Redevelopment Agency to hear and consider public comments regarding the proposed Community Reinvestment Project Area Plan and Budget, whether the Agency should revise, approve, or reject the proposed Community Reinvestment Project Area Plan and Budget, and to receive all written and oral objections to the proposed Community Reinvestment Project Area Plan and Budget. Chairman Nordfelt stated that the purpose of this hearing is to receive public comment concerning the proposed community reinvestment project area plan and budget, whether the agency should revise, approve, or reject the proposed community reinvestment project area plan and budget, and to receive all written and oral objections to the proposed community reinvestment project area plan and budget. He indicated that this hearing is a combined plan and budget hearing, so any comments or objections to the plan or budget should be made in this hearing, as there will not be a separate hearing later in the agenda. Jon Springmeyer presented a summary of the CRA. - Discussed proposed project area - The Project o Community Reinvestment Project Area o 34.41 acres o 20 Year Term o 25% Pass Through to all Taxing Entities o 2.5% Administrative Fee o 10% Mandatory Housing - Property Taxes and Pass Through o 2017 Taxable Value: $30,918,981 o 2040 Taxable Value: $149,851,107 o Total Investment: $27,789,023  GSD: $12,030,772  WVC: $7,857,778  SLCo: $6,084,998 - Uses for Tax Increment  MINUTES OF RDA SPECIAL REGULAR MEETING – DECEMBER 11, 2018 -3- o Structured Parking  Multiple parking structures on the project o Infrastructure  Utility upgrades  Roadway Improvements o Bonded Indebtedness o Developer Incentive - CRA Process o All done through Interlocal Agreements o No longer Taxing Entity Committee o For your consideration:  Interlocal Agreements with:  Granite School District  Salt Lake County  Jordan Valley Water District  Granger-Hunter Improvement District  Central Utah Water District  West Valley City  Project Area Plan and Budget Wayne Pyle stated that a member of the Board has provided documents to the Council indicating a conflict of interest in the proposed CRA. Mr. Huynh stated that he owns a 50% interest in Brock Corner, LLC, along with his partner, Ut Nguyen. He indicated that Brock Corner, LLC owns two properties located in the CRA area and the addresses are 2898 West 3500 South and 2878 West 3500 South. Mr. Huynh stated that because of the potential conflict, he is going to recuse himself from any votes on the CRA. He added that he has other business to attend to and will need to leave the meeting. Mr. Huynh was excused from the meeting. Chairman Nordfelt opened the Public Hearing. Neil Peterson indicated that he is the co-owner of the Arby’s in the proposed CRA area and is unsure of what is happening or what this implies for his property. Jon Springmeyer stated that there are no plans for the Arby’s property or any other acquisition of current business other than what has already been purchased. He indicated that the goal is help businesses by using tax increment for public infrastructure and new development. Mr. Springmeyer stated that this type of CRA does not have the power of imminent domain so there should be no concern of condemnation. Jon explained why this property was included in the proposal and MINUTES OF RDA SPECIAL REGULAR MEETING – DECEMBER 11, 2018 -4- stated that the area is anticipated to be a future generator in property tax. He added that the Arby’s may be possible recipients of funds. Chairman Nordfelt closed the Public Hearing. Mr. Buhler stated that the purpose of a CRA is to incentive and facilitate development. He indicated that someone may want to buy the Arby’s property eventually and the value of the land may increase but he added that owners still maintain all their property rights. Chairman Nordfelt thanked the Mr. Peterson for attending and stated that he hopes the CRA will help improve his business. Mr. Bigelow stated that money generated by the CRA goes back into infrastructure, utility investments, etc. which is a benefit to all residents in the community. Chairman Nordfelt agreed and indicated that improving areas creates better environments for people to live. RESOLUTION 18-11: APPROVE THE FAIRBOURNE COMMUNITY REINVESTMENT AREA PROJECT AREA PLAN AND SUBMIT THE PROJECT AREA PLAN TO THE WEST VALLEY CITY COUNCIL FOR ADOPTION Wayne Pyle, Chief Executive Officer, presented proposed Resolution 18-11 that would approve the Fairbourne Community Reinvestment Area Project Area Plan and submit the Project Area Plan to the West Valley City Council for adoption. Written documentation previously provided to the Redevelopment Agency included information as follows: In accordance with Utah Code Title 17C, Chapter 5, the Agency has drafted a project area plan for consideration and adoption as the official project area plan of the Fairbourne Community Reinvestment Area. The Agency created the Fairbourne survey area by adopting Resolution 16-20 to study the feasibility of a community reinvestment area in and around the Fairbourne Station area. After further study, it has been determined that the creation of a community reinvestment area is viable in the survey area. Accordingly, the Agency drafted a project area plan to serve as the official project area plan of the Fairbourne Community Reinvestment Area. The Project Area Plan sets forth guiding principles and purposes to be pursued by the Agency in moving forward with community reinvestment activities in the Fairbourne Station area. Upon inquiry by Chairman Nordfelt there were no further questions from members of the Board, and he called for a motion. MINUTES OF RDA SPECIAL REGULAR MEETING – DECEMBER 11, 2018 -5- Mr. Buhler moved to approve Resolution No. 18-11. Ms. Lang seconded the motion. A roll call vote was taken: Mr. Bigelow Yes Mr. Buhler Yes Ms. Lang Yes Chairman Nordfelt Yes Unanimous. RESOLUTION 18-12: APPROVE THE FAIRBOURNE COMMUNITY REINVESTMENT AREA PROJECT AREA BUDGET Wayne Pyle, Chief Executive Officer, presented proposed Resolution 18-12 that would approve the Fairbourne Community Reinvestment Area Project Area Budget. Written documentation previously provided to the Redevelopment Agency included information as follows: The Agency created the Fairbourne survey area by adopting Resolution 16-20 to study the feasibility of a community reinvestment area in and around the Fairbourne Station area. After further study, it has been determined that the creation of a community reinvestment area is viable in the survey area. In a separate resolution, the Agency will consider the adoption of a project area plan for the Fairbourne Community Reinvestment Area. The project area budget authorized by this resolution establishes parameters for the collection of tax increment within the project area, which will be separately authorized by interlocal agreement. Upon inquiry by Chairman Nordfelt there were no further questions from members of the Board, and he called for a motion. Ms. Lang moved to approve Resolution No. 18-12. Mr. Buhler seconded the motion. A roll call vote was taken: Mr. Bigelow Yes Mr. Buhler Yes MINUTES OF RDA SPECIAL REGULAR MEETING – DECEMBER 11, 2018 -6- Ms. Lang Yes Chairman Nordfelt Yes Unanimous. RESOLUTION 18-13: APPROVE THE EXECUTION OF AN INTERLOCAL AGREEMENT WITH SALT LAKE COUNTY FOR THE PAYMENT OF TAX INCREMENT WITHIN THE FAIRBOURNE COMMUNITY REINVESTMENT AREA Wayne Pyle, Chief Executive Officer, presented proposed Resolution 18-13 that would approve the execution of an Interlocal Agreement with Salt Lake County for the payment of Tax Increment within the Fairbourne Community Reinvestment Area. Written documentation previously provided to the Redevelopment Agency included information as follows: Salt Lake County has executed an interlocal agreement with the Agency to pay up to $8,113,331 in tax increment generated within the Fairbourne Community Reinvestment Area to the Agency for the purposes set forth in Utah Code Title 17C, the Project Area Plan, and the Project Area Budget. The Agency created the Fairbourne survey area by adopting Resolution 16-20 to study the feasibility of a community reinvestment area in and around the Fairbourne Station area. The Agency will consider the adoption of a project area plan and budget for the area on the same day that this agreement is considered. The interlocal agreement is the mechanism established by state law by which the Agency may receive and use tax increment within the Fairbourne Community Reinvestment Area. Upon inquiry by Chairman Nordfelt there were no further questions from members of the Board, and he called for a motion. Ms. Lang moved to approve Resolution No. 18-13. Mr. Buhler seconded the motion. A roll call vote was taken: Mr. Bigelow Yes Mr. Huynh Yes Ms. Lang Yes Chairman Nordfelt Yes MINUTES OF RDA SPECIAL REGULAR MEETING – DECEMBER 11, 2018 -7- Unanimous. RESOLUTION 18-14: APPROVE THE EXECUTION OF AN INTERLOCAL AGREEMENT WITH WEST VALLEY CITY FOR THE PAYMENT OF TAX INCREMENT WITHIN THE FAIRBOURNE COMMUNITY REINVESTMENT AREA Wayne Pyle, Chief Executive Officer, presented proposed Resolution 18-14 that would approve the execution of an Interlocal Agreement with West Valley City for the payment of Tax Increment within the Fairbourne Community Reinvestment Area. Written documentation previously provided to the Redevelopment Agency included information as follows: The proposed interlocal agreement would pay 75% of the City’s tax increment generated within the Fairbourne Community Reinvestment Area to the Agency for the purposes set forth in Utah Code Title 17C, the Project Area Plan, and the Project Area Budget. The Agency created the Fairbourne survey area by adopting Resolution 16-20 to study the feasibility of a community reinvestment area in and around the Fairbourne Station area. The Agency will consider the adoption of a project area plan and budget for the area on the same day that this agreement is considered. The interlocal agreement is the mechanism established by state law by which the Agency may receive and use tax increment within the Fairbourne Community Reinvestment Area. Upon inquiry by Chairman Nordfelt there were no further questions from members of the Board, and he called for a motion. Mr. Buhler moved to approve Resolution No. 18-14. Ms. Lang seconded the motion. A roll call vote was taken: Mr. Bigelow Yes Mr. Buhler Yes Ms. Lang Yes Chairman Nordfelt Yes Unanimous. MINUTES OF RDA SPECIAL REGULAR MEETING – DECEMBER 11, 2018 -8- RESOLUTION 18-15: APPROVE THE EXECUTION OF AN INTERLOCAL AGREEMENT WITH GRANITE SCHOOL DISTRICT FOR THE PAYMENT OF TAX INCREMENT WITHIN THE FAIRBOURNE COMMUNITY REINVESTMENT AREA Wayne Pyle, Chief Executive Officer, presented proposed Resolution 18-15 that would approve the execution of an Interlocal Agreement with Granite School District for the payment of Tax Increment within the Fairbourne Community Reinvestment Area. Written documentation previously provided to the Redevelopment Agency included information as follows: Granite School District has executed an interlocal agreement with the Agency to pay up to $12,030,772 in tax increment generated within the Fairbourne Community Reinvestment Area to the Agency for the purposes set forth in Utah Code Title 17C, the Project Area Plan, and the Project Area Budget. The Agency created the Fairbourne survey area by adopting Resolution 16-20 to study the feasibility of a community reinvestment area in and around the Fairbourne Station area. The Agency will consider the adoption of a project area plan and budget for the area on the same day that this agreement is considered. The interlocal agreement is the mechanism established by state law by which the Agency may receive and use tax increment within the Fairbourne Community Reinvestment Area. Upon inquiry by Chairman Nordfelt there were no further questions from members of the Board, and he called for a motion. Mr. Bigelow moved to approve Resolution No. 18-15. Ms. Lang seconded the motion. A roll call vote was taken: Mr. Bigelow Yes Mr. Buhler Yes Ms. Lang Yes Chairman Nordfelt Yes Unanimous. MINUTES OF RDA SPECIAL REGULAR MEETING – DECEMBER 11, 2018 -9- RESOLUTION 18-16: APPROVE THE EXECUTION OF AN INTERLOCAL AGREEMENT WITH GRANGER HUNTER IMPROVEMENT DISTRICT FOR THE PAYMENT OF TAX INCREMENT WITHIN THE FAIRBOURNE COMMUNITY REINVESTMENT AREA Wayne Pyle, Chief Executive Officer, presented proposed Resolution 18-16 that would approve the execution of an Interlocal Agreement with Granger Hunter Improvement District for the payment of Tax Increment within the Fairbourne Community Reinvestment Area. Written documentation previously provided to the Redevelopment Agency included information as follows: Granger-Hunter Improvement District has executed an interlocal agreement with the Agency to pay up to $1,124,926 in tax increment generated within the Fairbourne Community Reinvestment Area to the Agency for the purposes set forth in Utah Code Title 17C, the Project Area Plan, and the Project Area Budget. The Agency created the Fairbourne survey area by adopting Resolution 16-20 to study the feasibility of a community reinvestment area in and around the Fairbourne Station area. The Agency will consider the adoption of a project area plan and budget for the area on the same day that this agreement is considered. The interlocal agreement is the mechanism established by state law by which the Agency may receive and use tax increment within the Fairbourne Community Reinvestment Area. Upon inquiry by Chairman Nordfelt there were no further questions from members of the Board, and he called for a motion. Ms. Lang moved to approve Resolution No. 18-16. Mr. Bigelow seconded the motion. A roll call vote was taken: Mr. Bigelow Yes Mr. Buhler Yes Ms. Lang Yes Chairman Nordfelt Yes Unanimous. RESOLUTION 18-17: APPROVE THE EXECUTION OF AN INTERLOCAL MINUTES OF RDA SPECIAL REGULAR MEETING – DECEMBER 11, 2018 -10- AGREEMENT WITH JORDAN VALLEY WATER CONSERVANCY DISTRICT FOR THE PAYMENT OF TAX INCREMENT WITHIN THE FAIRBOURNE COMMUNITY REINVESTMENT AREA Wayne Pyle, Chief Executive Officer, presented proposed Resolution 18-17 that would approve the execution of an Interlocal Agreement with Jordan Valley Water Conservancy District for the payment of Tax Increment within the Fairbourne Community Reinvestment Area. Written documentation previously provided to the Redevelopment Agency included information as follows: Jordan Valley Water Conservancy District has executed an interlocal agreement with the Agency to pay up to $690,549 in tax increment generated within the Fairbourne Community Reinvestment Area to the Agency for the purposes set forth in Utah Code Title 17C, the Project Area Plan, and the Project Area Budget. The Agency created the Fairbourne survey area by adopting Resolution 16-20 to study the feasibility of a community reinvestment area in and around the Fairbourne Station area. The Agency will consider the adoption of a project area plan and budget for the area on the same day that this agreement is considered. The interlocal agreement is the mechanism established by state law by which the Agency may receive and use tax increment within the Fairbourne Community Reinvestment Area. Upon inquiry by Chairman Nordfelt there were no further questions from members of the Board, and he called for a motion. Mr. Buhler moved to approve Resolution No. 18-17. Mr. Bigelow seconded the motion. A roll call vote was taken: Mr. Bigelow Yes Mr. Buhler Yes Ms. Lang Yes Chairman Nordfelt Yes Unanimous. RESOLUTION 18-18: APPROVE THE EXECUTION OF AN INTERLOCAL AGREEMENT WITH CENTRAL UTAH WATER CONSERVANCY DISTRICT MINUTES OF RDA SPECIAL REGULAR MEETING – DECEMBER 11, 2018 -11- FOR THE PAYMENT OF TAX INCREMENT WITHIN THE FAIRBOURNE COMMUNITY REINVESTMENT AREA Wayne Pyle, Chief Executive Officer, presented proposed Resolution 18-18 that would approve the execution of an Interlocal Agreement with Central Utah Water Conservancy District for the payment of Tax Increment within the Fairbourne Community Reinvestment Area. Written documentation previously provided to the Redevelopment Agency included information as follows: Central Utah Water Conservancy District has executed an interlocal agreement with the Agency to pay up to $733,155 in tax increment generated within the Fairbourne Community Reinvestment Area to the Agency for the purposes set forth in Utah Code Title 17C, the Project Area Plan, and the Project Area Budget. The Agency created the Fairbourne survey area by adopting Resolution 16-20 to study the feasibility of a community reinvestment area in and around the Fairbourne Station area. The Agency will consider the adoption of a project area plan and budget for the area on the same day that this agreement is considered. The interlocal agreement is the mechanism established by state law by which the Agency may receive and use tax increment within the Fairbourne Community Reinvestment Area. Upon inquiry by Chairman Nordfelt there were no further questions from members of the Board, and he called for a motion. Mr. Bigelow moved to approve Resolution No. 18-18. Mr. Buhler seconded the motion. A roll call vote was taken: Mr. Bigelow Yes Mr. Buhler Yes Ms. Lang Yes Chairman Nordfelt Yes Unanimous. MOTION TO ADJOURN Upon motion by Ms. Lang all voted in favor to adjourn. MINUTES OF RDA SPECIAL REGULAR MEETING – DECEMBER 11, 2018 -12- THERE BEING NO FURTHER BUSINESS OF THE WEST VALLEY REDEVELOPMENT AGENCY THE SPECIAL REGULAR MEETING OF TUESDAY, DECEMBER 11, 2018, WAS ADJOURNED AT 7:05 P.M. BY CHAIRMAN NORDFELT. I hereby certify the foregoing to be a true, accurate and complete record of the proceedings of the Special Regular Meeting of the West Valley City Redevelopment Agency held Tuesday, December 11, 2018. ______________________________ Nichole Camac, CMC Secretary