Special RDA Meeting

MINUTES OF RDA SPECIAL MEETING – DECEMBER 15, 2020 -1- THE WEST VALLEY CITY REDEVELOPMENT AGENCY MET IN SPECIAL SESSION ON TUESDAY, DECEMBER 15, 2020, AT 6:53 P.M. THE MEETING WAS CALLED TO ORDER BY CHAIRMAN CHRISTENSEN. THIS MEETING WAS HELD ELECTRONICALLY. THE FOLLOWING MEMBERS WERE PRESENT ELECTRONICALLY: Don Christensen, Chair Karen Lang, Vice-Chair Lars Nordfelt Ron Bigelow Tom Huynh Steve Buhler Jake Fitisemanu STAFF PRESENT: Wayne Pyle, Executive Director Nichole Camac, Secretary Paul Isaac, Assistant City Manager/ HR Director Nicole Cottle, CED Director/General Counsel/ Assistant City Manager 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 Mark Nord, CED APPROVAL OF MINUTES OF THE SPECIAL MEETING HELD NOVEMBER 17, 2020 The Agency considered the Minutes of the Special Meeting held November 17, 2020. There were no changes, corrections or deletions. Ms. Fitisemanu moved to approve the Minutes of the Special Meeting held November 17, 2020. Mr. Buhler seconded the motion. A voice vote was taken and all members voted in favor of the motion.  MINUTES OF RDA SPECIAL MEETING – DECEMBER 15, 2020 -2- RESOLUTION 20-16: APPROVE A BUSINESS STABILIZATION AND REVITALIZATION GRANT AGREEMENT Wayne Pyle, City Manager, presented proposed Resolution 20-16 that would approve a Business Stabilization and Revitalization Grant Agreement. 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 with VFM directs improvements at the Mall. The Parties agree that the improvements being required will create a more inviting space for customers to gather. 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. Bringing foot traffic to the mall is essential to its long term success. Continued upgrades to the mall grounds provide for areas where entertainment, gathering and shopping can occur. Retail trends demonstrate that “entertainment shopping” is the future of retail. In order for the Valley Fair Mall, which is a power retail center for the City to continue to take advantage of that type of shopping traffic, changes need to be made to the outdoor areas. These changes are specifically targeted at encouraging people to come, linger and shop. 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 Chairman Christensen there were no further questions from members of the Agency, and he called for a motion. Ms. Lang moved to approve Resolution 20-16. Mr. Bigelow seconded the motion.  MINUTES OF RDA SPECIAL MEETING – DECEMBER 15, 2020 -3- A roll call vote was taken: Mr. Fitisemanu Yes Ms. Lang Yes Mr. Buhler Yes Mr. Huynh Yes Mr. Bigelow Yes Mr. Nordfelt Yes Chairman Christensen Yes Unanimous. MOTION TO ADJOURN Upon motion by Mr. Bigelow, all voted in favor to adjourn. THERE BEING NO FURTHER BUSINESS OF THE WEST VALLEY REDEVELOPMENT AGENCY THE SPECIAL MEETING OF TUESDAY, DECEMBER 15, 2020, WAS ADJOURNED AT 6:56 P.M. BY CHAIRMAN CHRISTENSEN. 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, December 15, 2020. ______________________________ Nichole Camac Secretary