RDA Special Meeting

MINUTES OF RDA SPECIAL MEETING – MAY 18, 2021 -1- THE WEST VALLEY CITY REDEVELOPMENT AGENCY MET IN SPECIAL SESSION ON TUESDAY, MAY 18, 2021, AT 7:12 P.M. THE MEETING WAS CALLED TO ORDER BY CHAIRWOMAN LANG. THIS MEETING WAS HELD ELECTRONICALLY. THE FOLLOWING MEMBERS WERE PRESENT ELECTRONICALLY: Karen Lang, Chair Steve Buhler, Vice-Chair Lars Nordfelt Don Christensen Ron Bigelow Tom Huynh Jake Fitisemanu STAFF PRESENT: Nicole Cottle, Acting City Manager Nichole Camac, Secretary Eric Bunderson, City Attorney Layne Morris, CPD Director Collen Jacobs, Police Chief John Evans, Fire Chief Jim Welch, Finance Director Nancy Day, Parks and Recreation Director Russ Willardson, Public Works Director Sam Johnson, Strategic Communications Director John Flores, HR Director Steve Pastorik, CED Director APPROVAL OF MINUTES OF THE REGULAR MEETING HELD MAY 4, 2021 The Agency considered the Minutes of the Regular Meeting held May 4, 2021. There were no changes, corrections or deletions. Mr. Fitisemanu moved to approve the Minutes of the Annual Meeting held May 4, 2021. Mr. Huynh seconded the motion. A voice vote was taken and all members voted in favor of the motion. RESOLUTION 21-03: APPROVE A BUSINESS STABILIZATION AND REVITALIZATION GRANT AGREEMENT FOR GARFF-WVF, LLC  MINUTES OF RDA SPECIAL MEETING – MAY 18, 2021 -2- Nicole Cottle, Acting City Manager, presented proposed Resolution 21-03 that would approve a Business Stabilization and Revitalization Grant Agreement for Garff-WVF, LLC Written documentation previously provided to the City Council included information as follows: This is the first of multiple Business Stabilization and Improvement Grants. This agreement withKGFdirects improvements at the dealership. The Parties agree that the improvements being required will create a more inviting space for customers. Further, in an effort to solidify and perpetuate the success of the City’s larger businesses long into the future thereby avoiding necessary redevelopment, this agreement also provides for a matching grant. KGF is essential retail business in West Valley City. In an effort to extend the life of the building and property, continual reinvestment is necessary to avoid potential relocation due to outdated facilities. The Economic Development Department uses data and market studies to curate various programs which provide the greatest return on any RDA investment. This program is an explicit result of that targeted use of funds. The Business Stabilization and Improvement Grant was set up to assist targeted High Visibility West Valley City businesses in upgrading their image, presence and sustainability. It is also targeted at ensuring that these power producers invest in their locations and remain successful long into the future. The Grant is a match dollar per dollar with parameters around improving visual aesthetics i.e. landscaping, business façade, signage etc. The goal of this grant is to raise the image and quality of some of our local businesses while also requiring private reinvestment. Upon inquiry by Chairwoman Lang there were no further questions from members of the Agency, and she called for a motion. Mr. Buhler moved to approve Resolution 21-03. Mr. Huynh seconded the motion. A roll call vote was taken: Mr. Fitisemanu Yes Mr. Buhler Yes Mr. Huynh Yes  MINUTES OF RDA SPECIAL MEETING – MAY 18, 2021 -3- Mr. Bigelow Yes Mr. Nordfelt Yes Mr. Christensen Yes Chairperson Lang Yes Unanimous. RESOLUTION 21-04: APPROVE A BUSINESS STABILIZATION AND REVITALIZATION GRANT AGREEMENT FOR M&M SPORTS, LLC Nicole Cottle, Acting City Manager, presented proposed Resolution 21-04 that would approve a Business Stabilization and Revitalization Grant Agreement for M&M Sports, LLC. Written documentation previously provided to the City Council included information as follows: This is one of multiple Business Stabilization and Improvement Grants. This agreement with KMPC directs improvements at the property. The Parties agree that the improvements being required will pave the way to connect the existing KMPC property with the two properties in order to make it feasible to bring the newly acquired High Adventure Power Sports & Marine to West Valley City. Further, in an effort to beautify the streetscape, rejuvenate the landscape, and add attractive merchandise display areas. This grant will solidify KMPC as a long-term member of the West Valley City family of business for the long run and open the way for the new acquisition to consolidate to this site. The Economic Development Department uses data and market studies to curate various programs which provide the greatest return on any RDA investment. This program is an explicit result of that targeted use of funds. The Business Stabilization and Improvement Grant was set up to assist targeted High Visibility West Valley City businesses in upgrading their image, presence and sustainability. It is also targeted at ensuring that these power producers invest in their locations and remain successful long into the future. The Grant is a match dollar per dollar up to $200,000 with parameters around improving visual aesthetics i.e. landscaping, business façade, signage etc. The goal of this grant is to raise the image and quality of some of our local businesses while also requiring private reinvestment. Upon inquiry by Chairwoman Lang there were no further questions from members of the Agency, and she called for a motion. Mr. Christensen moved to approve Resolution 21-04.  MINUTES OF RDA SPECIAL MEETING – MAY 18, 2021 -4- Mr. Nordfelt seconded the motion. A roll call vote was taken: Mr. Fitisemanu Yes Mr. Buhler Yes Mr. Huynh Yes Mr. Bigelow Yes Mr. Nordfelt Yes Mr. Christensen Yes Chairperson Lang Yes Unanimous. MOTION TO ADJOURN Upon motion by Mr. Huynh, all voted in favor to adjourn. THERE BEING NO FURTHER BUSINESS OF THE WEST VALLEY REDEVELOPMENT AGENCY THE SPECIAL MEETING OF TUESDAY, MAY 18, 2021, WAS ADJOURNED AT 7:18 P.M. BY CHAIRPERSON LANG. I hereby certify the foregoing to be a true, accurate and complete record of the proceedings of the Special Meeting of the West Valley City Redevelopment Agency held Tuesday, May 18, 2021. ______________________________ Nichole Camac Secretary