AGENDA
REDEVELOPMENT AGENCY OF SALT LAKE CITY
February 9, 2016 - Tuesday 2:00 PM
451 South State Street Room 326
Salt Lake City, UT 84111
1. Roll Call.
2. Briefing by the Staff.
3. Approval of the Minutes from the Meeting held January 12, 2016.
4. Report of the Chief Administrative Officer.
5. Public Comments.
The RDA Board will accept public comments regarding Redevelopment Agency business in the following formats:
1. Written comments may be submitted to the RDA offices, 451 South State Suite 418, Salt Lake City, UT no later than two hours prior to the meeting start time on the day of the meeting.
2. Verbal comments of two minutes or less will be accepted at the RDA Board meeting.
6. Redevelopment Business/Routine Matters.
A. Request for Reconsideration by the Chief Administrative Officer of the resolution to enter into an Exclusive Negotiations Agreement for development of the property located at 340 West 200 South in the Central Business District Project Area.
Discussion to reconsider Resolution No. 756.01 authorizing the RDA to enter into an exclusive Negotiations Agreement with the joint venture of PEG Development and Clearwater Homes Regarding the Development of RDA-owned Property.
B. 2015-2016 Budget:
1. Public Hearing for Adoption of the Second Amendment to the 2015-2016 Annual Implementation Budget.
The RDA Board will hold a Public Hearing to accept comments from the public regarding the proposed Second Amendment to the 2015-2016 RDA Budget.
2. Consideration and Adoption of a Resolution of the Board of Directors of the Redevelopment Agency of Salt Lake City Adopting the Second Amendment to the Annual Implementation Budget for the Fiscal Year Commencing July 1, 2015 and Ending June 30, 2016.
Staff has proposed, and RAC has recommended, several amendments to the 2015-2016 Budget to reallocate funds received from various sources and amend the current staffing document.
C. Consideration and Adoption of a Resolution of the Board of Directors of the Redevelopment Agency of Salt Lake City Approving an Amendment to the Purchase and Sale Agreement with Everest Builders for the Development of Agency-Owned Property Located at 500 North and Arctic Court.
Everest Builders is requesting a three month extension to complete the building permit process for the proposed 12-unit town home development on Parcel 4 of the Marmalade Block at 500 North and Arctic Court.
7. Redevelopment Business Updates.
A. Budget
1. 2016/2017 Budget Schedule.
Staff has prepared an updated schedule for the 2016-17 budget process, the schedule is informational and no action is required.
2. 10-Year Budget Projections.
Staff has prepared 10-year budget projections in preparation for the 2016/2017 budget process. The spreadsheets provided in the written briefing reflect likely available tax increment after contractual and other fixed obligations. The projections are informational and no action is required.
8. Redevelopment Business/Written Briefings.
None.
9. Consent.
None.
10. Closed Meeting.
A. Consider Adopting A Motion To Enter Into A Closed Meeting In Keeping With Utah Code To Discuss Pending Litigation and/or The Acquisition/Disposition Of Real Property and/or Attorney-Client Matters That Are Privileged Pursuant To Utah Code Ann. § 78b-1-137(2).
11. Adjournment.
Public comment items will be taken in writing by 12:00 the day of the meeting (deliver to RDA offices 451 South State Suite 418) or a two minute oral comment may be made at the meeting.
In accordance with State Statute, RDA Resolution and policy, one or more Board Members may be connected via speakerphone. After 5:00 p.m., please enter the City & County Building through the main east entrance.
Notice of Special Accommodations in Compliance with the Americans with Disabilities Act:
•Please make requests for reasonable accommodation at least three working days prior to RDA Board meetings by calling the RDA Offices at 801-535-7240
•The City and County Building is an accessible facility with an entrance located on the street level just south of the east stairs.