Redevelopment Agency Board
Live stream not working in Chrome or Edge?
Troubleshooting steps
In your browser: open Menu (three dots) → Settings → System → turn off “Use graphics acceleration when available.” Then restart the browser.
Bookmark list
* use Ctrl+F (Cmd+F on Mac) to search in document
Loading...
Loading...
Transcript
| OK, All right. Today is Wednesday, June 26th, 2024. The time is 6:00 and we're going to open up our Redevelopment Agency board | 00:00:02 | |
| meeting. We're going to start out by having Board member Rasmussen lead us in an inspirational thought and a Pledge of Allegiance. | 00:00:11 | |
| First of all, welcome to the Vineyard City Council meeting, everyone. Glad you're here. Happy to see you. I just wanted to share a | 00:00:21 | |
| quick quote and just an inspirational thought. Keep your face always toward the sunshine and shadows will fall behind you. Walt | 00:00:27 | |
| Whitman. Now please stand for the pledge. | 00:00:33 | |
| I pledge allegiance to the flag of the United States of America and to the Republic for which it stands, one nation under God, | 00:00:42 | |
| indivisible, with liberty and justice for all. | 00:00:48 | |
| All right, that brings us into our consent items. I just need a motion from the board. | 00:00:58 | |
| I move to approve the consent items as presented. Thank you first by Amber. Can I get a second? | 00:01:11 | |
| On Second Second by Marty, any discussion? | 00:01:19 | |
| All right, All in favor, aye. Any opposed? No. All right. As passed, we'll go ahead and move on to our business items. We'll start | 00:01:23 | |
| with our public hearing amending the Vineyard RDA Fiscal Year 2023-2024 Budget amendment #2 Resolution U2024-2. And we're just | 00:01:30 | |
| going to go right into a public hearing and then we'll have our RDA Director, Josh Daniels present the amendments. I need a | 00:01:37 | |
| motion. | 00:01:45 | |
| I move to go into a public hearing. Thank you, Marty, Second, second by Amber. All in favor, aye. All right, we are now in a | 00:01:53 | |
| public hearing just. | 00:01:58 | |
| So at the end of each fiscal year, local government entities have to basically adopt an amended budget because there may be | 00:02:07 | |
| changes that occurred during the year. So that's what this is. So it's customary at your last annual meeting or last meeting in | 00:02:14 | |
| the fiscal year, which is today to adopt A final amended budget, so. | 00:02:21 | |
| The budget schedules and your agenda packet and just kind of reflects updates of of any changes. | 00:02:29 | |
| It's actually pretty pretty close to what was originally adopted. | 00:02:37 | |
| OK. Are there? | 00:02:43 | |
| Any questions from the public? | 00:02:44 | |
| Come on up, state your name where you're from. | 00:02:47 | |
| Any comments? | 00:02:50 | |
| Just did you already do the hearing or is that next? | 00:02:52 | |
| This is the hearing. This is the hearing. | 00:02:56 | |
| Hello, my name is John Barrack. I am a taxpayer in the Alpine School District of which the Vineyard RDA is has is a is an entity | 00:03:03 | |
| Alpine School District is a member of the taxing entities committee. And I came and spoke at your last meeting and I'm here to | 00:03:11 | |
| speak again. The last time the taxing entities committing that which is a required. | 00:03:18 | |
| Meet. It's required that they meet. | 00:03:27 | |
| Was 2011 I am reading from resolution number. Thank you for posting this on your online site. Now resolution number T for taxing | 00:03:29 | |
| 2901 formed your taxing any committee and it says in order to ascertain and stay abreast of the status of the project area, the | 00:03:37 | |
| taxing entity committee shall meet at least annually during the time that the agency receives tax increment under a budget for the | 00:03:44 | |
| project area. And if I'm not mistaken. | 00:03:51 | |
| You started receiving tax increment financing in 2011, the last time the taxing entity committee met, and it hasn't met since. So | 00:03:59 | |
| this is what your own document says from your own taxing and committee. These are the things that they must do at a present, at a | 00:04:06 | |
| TEC meeting at which a quorum is present. And since they haven't met since 2011, you couldn't have had a meeting or a quorum to | 00:04:14 | |
| approve a draft plan for the project area, which they did in 2011, approve or disprove. | 00:04:21 | |
| Budget, which they did in 2011, approve or disapprove amendments to a budget for the project area, which you're talking about | 00:04:29 | |
| today, which they did not approve or consent to. | 00:04:34 | |
| In 2014, 2015, your phase two was approved by this body and it said that you had the consent of the taxing entity committee, but | 00:04:39 | |
| since they hadn't met since 2011, that would have been impossible. In 2016 your your phase three, your resolution said you had | 00:04:47 | |
| consent of the taxi entity committee, but obviously that was wrong because they hadn't met once again since what, 2011? | 00:04:55 | |
| And two, that in your phase four, I can find no resolution for it. And then 2023 your Phase 5A had nothing about consent of the | 00:05:04 | |
| Taxing Unity Committee, which was probably true since they haven't met since 2011. | 00:05:10 | |
| So I'm wondering how you could approve your amended budget for fiscal year 24 or any budget since 2011 without consent of the | 00:05:17 | |
| taxing and a committee because it appears to be against your own bylaws. I'm wondering why your audit report doesn't state as | 00:05:23 | |
| such. And I'm wondering how your report that is produced now by LRB Financial doesn't list that you're taxing any committee hasn't | 00:05:29 | |
| met since 2011? | 00:05:35 | |
| In addition, Alpine School District told me they are unaware of any members of the taxi vanity committee. But your own document | 00:05:42 | |
| shows that Guy Fugle. | 00:05:46 | |
| Who was on the Alpine School District board about 10 years ago, was a member of the Taxi Handy committee, as was Rob Smith, who | 00:05:50 | |
| just recently retired and it and it still does. Nathan Riley and Nathan Crane from Vineyard. And I think they've been off the | 00:05:56 | |
| council or the RDA 10 years. | 00:06:02 | |
| So once again, more questions and answers and I'm still waiting. Thank you so much for your time. | 00:06:08 | |
| My name is John Gadd. I'm also a resident of Alpine School District. | 00:06:20 | |
| So I don't like property taxes. I don't think anybody likes property taxes. But if we're gonna pay them, everybody should pay the | 00:06:23 | |
| same amount. And what's going on here with this RDA is you're giving out 10s of millions of dollars, potentially hundreds of | 00:06:29 | |
| millions of dollars in tax breaks to certain entities within your city and then people like me. | 00:06:35 | |
| In another city have to pay more to Alpine School District in Utah County and all these different places. And so when you give out | 00:06:43 | |
| these tax breaks, all the citizens have to make up the difference. | 00:06:48 | |
| So I pay more and my parents in their 70s pay more and my grandma in their 90s pay more and all these other seniors who are on | 00:06:53 | |
| fixed incomes pay more. | 00:06:57 | |
| So it has a meaningful impact in people's lives. Now, as I started to look into this RDA that you guys have going here, I've | 00:07:02 | |
| become concerned that you're not following the law. I submitted a grammar request to you guys a couple weeks ago and you came | 00:07:09 | |
| back. And what's supposed to happen is all of the taxing entities who give out who, who miss out on this tax money because you're | 00:07:16 | |
| getting out these tax breaks like Alpine School District in Utah County and the water district and your own city. | 00:07:24 | |
| There's supposed to be a committee, a taxing, any committee with people from each of those entities, and they're supposed to be | 00:07:32 | |
| overseeing what you guys do. They're supposed to be approving things before you do it. | 00:07:37 | |
| And so I sent a request to you guys and I said, hey, tell me about this taxing ending committee, show me their minutes where | 00:07:44 | |
| they've been approving all this stuff that you guys do. And you guys sent me back. | 00:07:49 | |
| Their minutes and the last time they had a meeting was 2011. So for the last 13 years, all of these entities who are supposed to | 00:07:55 | |
| be overseeing you haven't been meeting at all. So what you guys have been doing is just doing your own thing without any | 00:08:01 | |
| oversight. And that's contrary to the law. So tonight you're going to you want to adopt A budget. | 00:08:07 | |
| Right here's 2 sections from Utah code. You might want to write these down. You might want to have your attorney look them up. You | 00:08:14 | |
| might want to get better legal counsel because apparently you guys have been doing this stuff for 13 years illegally. | 00:08:21 | |
| So Utah code 17C-2-204, subsection 1A. Did everybody get that? No. Can you do that again? Sure, 17C-2-204. | 00:08:28 | |
| Subsection 1A. | 00:08:42 | |
| And there's a lot of stuff, but I'm going to read the part that matters for this budget that you're trying to pass tonight just to | 00:08:46 | |
| conserve time because we're we are limited to an amount of time. Let's get the code and we'll look it up and state the next code. | 00:08:52 | |
| I mean, you've already you've already gone over the like 3 minutes of time. | 00:09:01 | |
| Code that I can well to stop the back and forth. I'm going to give you one minute and you may continue. | 00:09:36 | |
| And when the law says shall you have to do it, Each agency shall obtain the consent of the taxing enemy committee for each urban | 00:09:43 | |
| renewal project area budget. You shall get their approval before you do the budget. Here's another 117C-2-2012 EI. Did everybody | 00:09:49 | |
| get that? | 00:09:55 | |
| Can you repeat yourself? Sure. 17C-2 that's two O 1. | 00:10:04 | |
| Subsection 2. | 00:10:11 | |
| EI it reads to adopt an urban renewal project area budget, the agency shall. | 00:10:14 | |
| Approve, excuse me, obtain the approval of the taxing enemy committee on the proposed project area budget or a revised version of | 00:10:22 | |
| the proposed project area budget. So both of these code sections clearly state that before you adopt A budget, you shall obtain | 00:10:29 | |
| the approval of the taxing entity committee, which hasn't met in 13 years. So clearly they haven't given you their approval | 00:10:35 | |
| tonight since you if you move forward adopting a budget. | 00:10:42 | |
| That you shall obtain their approval before you do it. | 00:10:50 | |
| It seems like you're breaking the law. | 00:10:53 | |
| So please don't break the law. Please don't adopt the budget without without getting the taxing ending committee approval tonight. | 00:10:57 | |
| Thank you. | 00:11:05 | |
| Any further comments? | 00:11:12 | |
| Come on up. | 00:11:14 | |
| Ship price province. So I'm a little late to the game but. | 00:11:17 | |
| Correct me if I'm wrong, but I understand that you guys are coming together today to talk about possibly changing the taxes for | 00:11:22 | |
| the City of Vineyard to accommodate a new budget proposal. | 00:11:28 | |
| I want to come forward and tell you that. | 00:11:36 | |
| Everybody in this community is dealing with inflation, that economy. | 00:11:39 | |
| 'S terrible gas prices. | 00:11:46 | |
| Bad interest rates, all of the things that are affecting every single person in this room. | 00:11:50 | |
| At this point, to come in and say we had a shortfall from our spending from last year and we would like to make up with it by | 00:11:57 | |
| raising your taxes in a moment where everybody's already bleeding to death. | 00:12:04 | |
| This is a really bad time for you guys to make these types of Corrections to behavior that should have been fixed last year. | 00:12:11 | |
| There are things in your budget that don't need to happen this year. I would I would ask as one of your taxpayers and as a | 00:12:22 | |
| constituent who voted for you, people who are sitting on the stand. | 00:12:27 | |
| To be considerate and to think about what kind of impact a tax increase would have on people who are already struggling. | 00:12:34 | |
| And to make decisions that would benefit the people who live here. | 00:12:44 | |
| By giving them a reprieve from a terrible economy. | 00:12:52 | |
| And that inflation, I would love to have a pay increase. I can tell you in the private sector those are hard to come by. | 00:12:56 | |
| I can ask. | 00:13:08 | |
| But it doesn't come. | 00:13:09 | |
| The problem with government is that you spend money that's not yours. | 00:13:12 | |
| I'm asking you to be a representative representative of us. | 00:13:16 | |
| Right. Just as a reminder, this is the public hearing for the 2324 RDA amendment. So let's keep, let's try to keep the business | 00:13:24 | |
| within the hearing for this and then talk about any additional things on the other items throughout the agenda. All right, any | 00:13:30 | |
| other comments? | 00:13:35 | |
| OK. Let's go ahead and close the public hearing. I move to close the public hearing. Thank you. | 00:13:43 | |
| I need a second, second, second by Marty. All in favor, aye. All right. We're now out of a public hearing and this is a time for | 00:13:50 | |
| the board to discuss. | 00:13:54 | |
| Go ahead and discuss what are your questions. | 00:14:00 | |
| Or can I get a motion? | 00:14:03 | |
| I move to approve resolution U 20242. | 00:14:14 | |
| Hey, we have our first fight. Amber, I'd like to talk. | 00:14:19 | |
| Jamie, do we see me with the motion on the table? There's a motion on a second and then the chair will recognize for discussion. | 00:14:25 | |
| Okay, is there a second? | 00:14:29 | |
| OK. Is there not a second because you want to hear Jake's discussion because we can have the discussion afterwards or do you not | 00:14:36 | |
| intend to approve the budget? | 00:14:42 | |
| My full intention was to approve budgets, but I wanted to discuss the concerns, I guess, OK. | 00:14:49 | |
| Since there's no second Jamie, do I just? | 00:14:57 | |
| You're a voting member. You can second or you can have the discussion before the second. OK, let's go ahead and have the | 00:15:01 | |
| discussion. Go ahead. | 00:15:05 | |
| Thank you. Yeah, I can go over my stuff. | 00:15:09 | |
| I'd really like to know about that taxing entity question. I read the documents myself. | 00:15:13 | |
| And are you referring to the code section that the Yeah, the commenter. So I, when I sat down with Mayor Farnsworth, it was very | 00:15:19 | |
| clear the RDA was formed by a lot of government entities. And by code they have to give us the jurisdiction every year. And I | 00:15:25 | |
| reached out to the county personally and they had no clue what we were doing. And I also reached out to the school district and | 00:15:32 | |
| they too. | 00:15:39 | |
| Normally would be approving every year. | 00:15:47 | |
| I reached out to Nate Riley and he thought he served on it and every and that was in practice. | 00:15:49 | |
| And each project popped off or whatever, you know, back in the day it was Megaplex would have to go through approval through them. | 00:15:59 | |
| So. | 00:16:09 | |
| Yeah. | 00:16:11 | |
| It says straight in there that they have to to do that. | 00:16:14 | |
| There there may be a misdemeanor of the code by the gentleman that presented that. And so let me Orient you and then our RDA | 00:16:18 | |
| director can speak up a little bit on what the practice has been of the RDA and why it's compliant. So the two sections of code | 00:16:26 | |
| that were read, it was 17 C, 22O four and then I think it was. | 00:16:33 | |
| One subsection A and then 17C22O12 E Roman at 1:00. | 00:16:42 | |
| Both of those refer to the project area budget being approved by the Taxing Entity Committee. This is an annual budget of the RDA | 00:16:50 | |
| expenditures and budget activities. It's not the overall project area budget. Project area budget is a defined term in the | 00:16:58 | |
| statute. It's in 17 C 110247 which is on the screen. | 00:17:06 | |
| Oh, thank you. You pulled it up. And it means a multi year projection of annual or cumulative revenues and expenses and other | 00:17:15 | |
| fiscal matters pertaining to a project area. | 00:17:19 | |
| Prepared in accordance with and that it was soft the various types of Rdas and project areas that can be established. So my read | 00:17:25 | |
| of that, that's your multi year budget that relates to the entire project area and that's the time at which you would have that | 00:17:32 | |
| group involved in making approvals, not your annual budget. So is that for clarification, are you saying that like on each phase | 00:17:40 | |
| is when no. | 00:17:47 | |
| At the very beginning, when it's when it's established right at the outset. So just like when the RDA is created, that's the | 00:17:55 | |
| project area budget that we first. | 00:18:00 | |
| Voted through in 2008, the assertion of the commenter during the public hearing was that the city is behaving improperly. We | 00:18:07 | |
| haven't followed the right, not the city. Rather, the RDA board has behaved improperly by bringing the budget forward today | 00:18:13 | |
| because there hasn't been engagement. | 00:18:19 | |
| At that level, and I think it's either a misreading of the statute or an intentional misrepresentation of what that process is, | 00:18:26 | |
| because it's to occur when the project area budget's established, not when your annual budget's established. So by my read of the | 00:18:33 | |
| statute and my understanding of what you're doing, the budget is coming to you properly. But it still means that they they must | 00:18:39 | |
| meet annually though. | 00:18:45 | |
| No, they don't have. So it says me annually and then you don't need me annually. | 00:18:53 | |
| I can look up annually in the code that was the I think that second which which one it was. This is for council discussion right | 00:18:59 | |
| here. If you'd like to pass something up here, I don't mind taking it. | 00:19:04 | |
| All right there. | 00:19:11 | |
| So in the entirety of the entire chapter of Utah Code about special purpose local entities, which covers all types of | 00:19:20 | |
| redevelopment activities, the word annually appears twice. The one that I think was referenced is talking about. The auditor of | 00:19:26 | |
| the county shall provide a report. | 00:19:33 | |
| Either at least annually and upon request of the Taxing Entity Committee. | 00:19:40 | |
| There's nothing talking about that. The Taxing Entity Committee meets annually. And I think another thing that's maybe | 00:19:46 | |
| misunderstood is the use of terminology. | 00:19:51 | |
| So I've noticed that commonly people just say the phrase RDA and then it they're actually referring to like potentially six or | 00:19:57 | |
| seven different kinds of things. So I think it's helpful to just be clear about what terms mean what. So the RDA stands for the | 00:20:05 | |
| Redevelopment Agency, which is a special purpose local entity, which is you all the board of an entity called the Redevelopment | 00:20:12 | |
| Agency. | 00:20:19 | |
| That is not synonymous with the Geneva urban renewal project area. It's not synonymous with tax increment financing. It's not | 00:20:27 | |
| synonymous with. | 00:20:31 | |
| High, high transit reinvestment zone, it's not synonymous with. There's a whole host of things that occur, whether that's a | 00:20:38 | |
| redevelopment tool or a legal obligation or, you know, some type of a tax policy. | 00:20:47 | |
| There's all different kinds of things that the phrase RDA does not refer to. So but but I understand that colloquially you might | 00:20:56 | |
| just use the term RDA, but but you might be meaning different things. So the taxing entity committee, for example, has no | 00:21:03 | |
| authority over the RDA whatsoever. The RDA may call a taxing entity committee when it's required by law that taxing entities be | 00:21:11 | |
| asked to participate in tax increment financing. | 00:21:18 | |
| You could create a redevelopment agency. That redevelopment agency you all could oversee a whole host of activities that have | 00:21:26 | |
| nothing to do with taxing entities. You wouldn't need to have a taxing entity committee if you weren't doing activities that would | 00:21:34 | |
| require the consent of a tax entity committee. The only reason you need the consent of a taxing entity committee is if you, as an | 00:21:41 | |
| RDA decide to use the tool of tax increment financing and you seek the tax increment financing or. | 00:21:48 | |
| Participation of another taxing entity beyond the city of Vineyard. I mean, and even if you were to let's say, only have Vineyard | 00:21:56 | |
| participate in the TIF, you would still have a taxing entity committee, which would be a member or two of your City Council who | 00:22:04 | |
| would meet to a consent to the Vineyard Rdas proposal of of, you know, tax increment financing. It's a silly example, but the only | 00:22:11 | |
| reason there's a taxing entity committee in this scenario. | 00:22:19 | |
| Is because. | 00:22:26 | |
| 1st, the RDA was formed, that's you all, a legal entity. The RDA was formed. Once the RDA was formed, the RDA investigated the | 00:22:28 | |
| possibility of designating an urban renewal project area in the form of the Geneva urban renewal project area. So there was an | 00:22:36 | |
| investigation, so to speak, or research. There was a survey, right? And once the survey results came back, then in a survey as in | 00:22:43 | |
| you know, land survey and kind of looking at the brownfield. | 00:22:50 | |
| Site, etc, etc. Once that process was done, then the RDA board decided to, under the law, the Community Reinvestment Act in Utah, | 00:22:58 | |
| designate a project area. And so the Geneva Urban Renewal project area was designated as a redevelopment project area. And so then | 00:23:08 | |
| the next step would be to have a proposed budget for that project area. And so the RDA at that point met as a board to. | 00:23:18 | |
| Pose a project area budget for the Geneva Urban Renewal project area and because that budget. | 00:23:28 | |
| Sought the utilization of tax increment financing, then you wanted to seek the the participation in that tax increment financing | 00:23:36 | |
| of various taxing entities, the county, the school district, the water district, the city. And so that's at what point the RDA | 00:23:43 | |
| called for there to be a taxing entity committee meeting. The taxing entity then approved or consented to the project area budget, | 00:23:49 | |
| which is that multi year budget. | 00:23:56 | |
| And by approving that budget, they were consenting to participation in the tax increment financing. And so that is a essentially | 00:24:03 | |
| kind of a one time thing that occurs, although there were some changes early on. And so there were a series of meetings that took | 00:24:11 | |
| place over a couple of years before the current project area budget that you all operate under for multi years. | 00:24:19 | |
| Was finally approved. Now you as a board might choose to utilize other kinds of tools. | 00:24:28 | |
| But have nothing to do with the tax increment financing that's being participated in by the school district, et cetera. And those | 00:24:35 | |
| tools wouldn't necessarily and don't require any consent or meeting of the taxing entity committee. So that's I think it's just | 00:24:42 | |
| important to understand the sort of different legal obligations and definitions of the different types of entities and and tools | 00:24:49 | |
| so to speak that that you all are involved in. | 00:24:56 | |
| Managing. | 00:25:04 | |
| And so what's happening today is you're simply approving budgets, both the annual budget ending this fiscal year 24 and also next | 00:25:06 | |
| fiscal year's budget for the Redevelopment Agency, not the project area budget, not anything to do with the taxing entity | 00:25:14 | |
| committee. And so your annual budget as an agency does not require any. | 00:25:22 | |
| Involvement or consent from the Taxing Entity Committee because you're not seeking to amend. | 00:25:31 | |
| The multi year project area budget. | 00:25:36 | |
| Go multiple years, right? Longer than what? You're right, that's different than the RDA, right? So the RDA can exist forever. | 00:26:39 | |
| There's no limit to the RDA. That's your legal board that you're a part of, right? So you're talking about the project originally | 00:26:45 | |
| it was created for 25 years and Alpine School District and the county and all set up and agreed upon that time frame. We can just | 00:26:51 | |
| magically say, hey, no, we're going to extend it for 50 and we don't have to go back and talk to them and get $0.10. | 00:26:57 | |
| So you're talking about the extension of the tax increment? Yeah, all of because what? | 00:27:04 | |
| My second question would be is if you say that our budget is different from their budget, what is their budget? Whose budget? The | 00:27:09 | |
| tax increment Cuz you're saying they're multi year budget is different from ours. Well, there's no day there's the budget for the | 00:27:15 | |
| project area, right? But the tax committee you said has a different budget than ours. | 00:27:21 | |
| No, the taxing in a committee is simply consenting to the multi year budget that governs the project area. OK, So what would be | 00:27:28 | |
| that budget and why haven't we seen that? So you see that in the annual report. That's the, that's a big budget schedule that | 00:27:34 | |
| shows the total utilization, projected utilization of tax improvement financing over the course of, you know, 30 years or whatever | 00:27:41 | |
| it is. I don't forget the number of years that schedule shows. | 00:27:47 | |
| But so that what that shows is we're going to receive increment for the project area. | 00:27:54 | |
| Over the course of multiple decades, and there's that sort of master document. | 00:27:58 | |
| So you're saying that if we had an adjustment to that master document, the project area budget, then we would be required to get | 00:28:05 | |
| together with a taxing entity committee and vote on that together? | 00:28:11 | |
| Consent to a change to that multi year project area budget and and that was done. Is the date 2008? Is that correct? No, I think | 00:28:19 | |
| the last meeting 2012 that's right 2011. OK, so. | 00:28:27 | |
| That answered my question. Yeah. I mean, the question about the, I can dig in a little more as to the question about the duration. | 00:28:36 | |
| And so now that we know that we're following the protocols and the laws. | 00:28:42 | |
| Well, there is opinions and then there's the facts that are being stated. And so if there's something more that you need to | 00:28:51 | |
| understand, we did receive the information that was presented to us. Is there a different question? No, I just want to make sure | 00:28:55 | |
| it's clear it's you're speaking for you. | 00:29:00 | |
| Well, all I'm stating is that we now know that we're following it according to what was presented. | 00:29:06 | |
| The facts have been presented to us. Is there more? Is there another question that you have? I just don't understand how a | 00:29:13 | |
| government and how we can just extend and take Alpine School District dollars without for longer periods of time for more sums of | 00:29:20 | |
| money. | 00:29:26 | |
| And not have to go back to the Alpine School District board. | 00:29:34 | |
| For taking education dollars because the size and scope and the amount and the duration have all changed, right? And we just can | 00:29:38 | |
| miraculously bind these government entities without them ever meeting. I just have a question to clarify that I'm wondering what | 00:29:46 | |
| the difference is. So the the RDA typically when we when we trigger a phase. | 00:29:54 | |
| It's is it 25 years or 30 years, 25? Is that what we agreed on with the taxing entity Committee or is it like the duration of the | 00:30:03 | |
| entire project area? | 00:30:08 | |
| Was it like, because with different phases, there's no way if we trigger phases at different times, there's no way we could hold | 00:30:14 | |
| true to that 25 year plan. So I'm wondering was there an agreed amount of time is did we break protocol in extending it for longer | 00:30:20 | |
| periods of time for triggering? Because I feel like we're talking about two different things, right? Did you want to say anything | 00:30:26 | |
| on that? | 00:30:33 | |
| Marty, Marty raises a good question and I think this is what Mr. Daniels was trying to address when he was saying. | 00:30:42 | |
| You have to be precise in your use of language because the statute uses some terms that are similar, but they have different | 00:30:49 | |
| definitions, and those definitions are important. When you look at the the section on the taxi entity committee, it talks about | 00:30:55 | |
| when it's necessary for that committee to convene. | 00:31:02 | |
| And it's necessary when it did convene, which was to establish the initial project area, to consent to the tax increment that | 00:31:09 | |
| would be provided to the project area and to establish a budget for the project area, the multi year budget, not the single year | 00:31:16 | |
| budget. And then once the project area is established, you can have different phases within the RDA that trigger at different | 00:31:24 | |
| intervals. When you trigger, it's a maximum of. | 00:31:31 | |
| Five year interval, but not all portions of the project area are triggered at the same time. | 00:31:39 | |
| And so you do have decisions that the RDA board has made over the years to trigger certain parcels at certain times. | 00:31:45 | |
| So that the increment, once you trigger it, then takes effect and begins to be gathered and accrued and can be used for the | 00:31:52 | |
| benefit of that area. | 00:31:57 | |
| There there's not a need other than if you expand the tax increment or if you expand the taxing area for that committee to convene | 00:32:04 | |
| on a regular basis. So what you're saying, So what you're saying is that the land size, the map stays the same. | 00:32:13 | |
| And the total 300 dollars, 300 million stays the same. There's no consent or need need for them to reconvene or have overstock. | 00:32:23 | |
| You're making your decisions within those parameters. You don't have to take that decision back, back to the taxing entity | 00:32:28 | |
| committee. | 00:32:33 | |
| This is extremely dangerous for our kids in education. I just don't see how. I don't see how the Alpine School District board | 00:32:42 | |
| wouldn't be involved with 60% as their money if you're entitled to your viewpoint. Yeah, as we saw last meeting. I don't wish to | 00:32:49 | |
| challenge that. Right. I'm just saying hold on one second. Go ahead, Amber. They're reaping the benefits of it. So they're making | 00:32:55 | |
| more than they would have had that project area not been developed. | 00:33:02 | |
| Right. I think what was shown last time is that instead of making 2000, we made 46,000, yet we put in 180 million. So in All in | 00:33:09 | |
| all we haven't worn out. We made $44,000 more. Well, it was just being reviewed from one site. So but I wanted to make clear we're | 00:33:18 | |
| like hundreds of millions in and making 40,000 more and one parcel wasn't approved last meeting. | 00:33:26 | |
| Well, I think it was in the sense. | 00:33:36 | |
| You're changing the context, but. | 00:33:39 | |
| That's all I have to say. | 00:33:41 | |
| But the conversation for the purpose of this maybe and where you right you've held your budget hearing and you're making your | 00:33:42 | |
| budget decision the assertion that. | 00:33:46 | |
| Some individuals made during the hearing and that you have asked is, is the budget coming to the RDA board in an unlawful manner | 00:33:51 | |
| and the answer is no. And I think we've pointed to the chapter and verse that drives that distinction between what happens for the | 00:33:59 | |
| overall project area and the overall project area budget and that that's a different action than a different decision. | 00:34:07 | |
| Than the annual RDA budget that you'll be acting on today. I just wanted to see that point. | 00:34:16 | |
| Go back to the amendments, Yes, could we have some just clarification, maybe give us some just for the public, just some | 00:34:22 | |
| explanation on what the amendment means? What just break it down a little bit just to be helpful. Sure. So the top half of this | 00:34:30 | |
| document are the revenues. So what this is saying is, you know the previous year tax increment revenues were about 7.9 million and | 00:34:37 | |
| this year the tax increment revenues are about 10 1/2. | 00:34:45 | |
| Million and then there's other revenues including interest and a portion of the tax increment is considered admin revenue. And | 00:34:52 | |
| then grant revenue is like state funding which sometimes is available for transportation projects or any other kind of outside | 00:35:00 | |
| source of revenue beyond interest bond proceeds and the and the tax increment. So the and then fund balance appropriation just | 00:35:07 | |
| means that that's your carryover. | 00:35:15 | |
| Fund balance, so that's characterized as a revenue. So that gives you 36 million in annual revenue. And then the the lower half of | 00:35:22 | |
| the document are the sort of categories of expenses this year that were budgeted. So you know big ones are like TIF related | 00:35:31 | |
| payments, that's where you make reimbursement payments for development activities for backbone infrastructure. | 00:35:40 | |
| For the project plan capital expenses. | 00:35:49 | |
| That's, you know, fixed assets that are created in the city, a lot of transportation type infrastructure, other kinds of public | 00:35:53 | |
| infrastructure and then you have your debt service payments, both principal and interest and then the general fund transfer of | 00:36:00 | |
| admin. What that is is you take the admin revenue that you receive and you transfer that to the city's general fund to defray the | 00:36:08 | |
| overhead and administrative costs of operating the RDA that the city bears. | 00:36:15 | |
| And that's important because, umm, basically you're not actually asking the city's general fund to subsidize the operations of the | 00:36:23 | |
| Redevelopment Agency. Rather, the Redevelopment Agency's administrative cost is borne by the the agency through its specific | 00:36:32 | |
| administrative revenue fee. So, so like, a good example is tonight we're using city funds to work for the Rdas project area. | 00:36:42 | |
| OK. Any other questions about the amendment? | 00:36:52 | |
| If not, there's a motion on the table. I had a first by Amber. Can I get a second? Is this to vote on it? No, I'm not done yet. | 00:36:57 | |
| OK. What are your questions about the amendments? I just wanna put into the record that this process was very flawed. Not knowing | 00:37:03 | |
| about obvious a lobbyist is working for this on the RDA side being paid through that not given obviously me not getting a broke | 00:37:10 | |
| down of of what that is, I think for the record. | 00:37:16 | |
| Both of the last two meetings I've asked to kind of get an itemized understanding of that. | 00:37:23 | |
| And then also just representing the the history of the RDA and the men and women that created it. None of these projects were | 00:37:29 | |
| envisioned for these side little projects of a town hall or any of these types of things. The RDA originally, and I'm shocked that | 00:37:36 | |
| we have the authority legally to do it was one clean up and that's it. And 2:00 to bring in a business or anchor business that | 00:37:43 | |
| would create the revenue. | 00:37:50 | |
| Necessary to sustain our city, it was not to beautify or clean up or. | 00:37:58 | |
| $5,000,000 LRS project in the middle of lake or just all the various different things that that this is and I feel horrible for | 00:38:04 | |
| the taxpayers throughout the county, throughout the school district, throughout the water authority and the sewer that they have | 00:38:11 | |
| no representation from that beginning meeting back in 2011 that started this that we now can. | 00:38:19 | |
| Exemplify or just take them out of the tax code and not pay our fair share to Alpine School district for our schools and I just | 00:38:27 | |
| want to make that in the code of that's why I'll be voting no is I think the whole RDA is flawed. Can I make a comment? Sure. | 00:38:36 | |
| I appreciate your concern, Jacob, but I, I think we have to stick with the facts here that if you, if we want to continue look at | 00:38:47 | |
| the RDA and what we're doing, that's, that's a conversation to be had. But right now we're just. | 00:38:55 | |
| We're just approving the amendments for the year 23 to 24. And so for me, I'll be voting yes because for me, this looks like an | 00:39:03 | |
| administrative process that needs to be accomplished. And so you don't have to finance any of these projects if you don't want to. | 00:39:10 | |
| It's still Marty, right, Right. And so I'm just letting you know and the public know that the reason why I'm voting for this is | 00:39:17 | |
| because it's an administrative process with the budget. | 00:39:25 | |
| Actually, we're not talking about City Hall anything in this. We're talking about the amendments for 2324 and then we can talk | 00:39:32 | |
| about the budget for next year, which. | 00:39:38 | |
| I I'm looking forward to talking about, but if there's concerns there, we can bring that up. But I will add that from my | 00:39:45 | |
| understanding that around the state there are several Rdas and we actually happen to be the only one with a brownfield that | 00:39:53 | |
| requires clean up and also in 2008 or whatever year that this was decided. | 00:40:01 | |
| If they only wanted it for one business then there should have been some changes in the contracts they signed. | 00:40:09 | |
| This will not be a back and forth on this discussion. I just wanted to say that this is an amendment, but we haven't even had the | 00:40:45 | |
| opportunity to have a discussion why and what's being amended. So I will vote no because I feel like. | 00:40:54 | |
| These are things that I'd like to know and I have so many questions about it. So if you need something amended in your budget, I'd | 00:41:04 | |
| really like to know before we're supposed to vote on it. That would be really helpful for me. | 00:41:09 | |
| OK. Amber, did you have anything? | 00:41:16 | |
| Just that I move to approve. | 00:41:19 | |
| OK. And just for the record, right before it, I'll make a closing statement as well. Everybody's given an opportunity to meet and | 00:41:22 | |
| discuss for further clarity. We can always do better when we have stated that people are not getting the breakdown on things or | 00:41:30 | |
| that it hasn't been itemized. I sat in the meeting with the council members and it was itemized. Jake, when you went through and | 00:41:37 | |
| looked down, when we talked about a lobbyist, the lobby is included. We talk about it throughout the session. We. | 00:41:44 | |
| About it throughout the year we talk about what they're doing, we talk about the returns and when we're talking about funding and | 00:41:52 | |
| and what we're doing for a return of investment is clear. Also when you make statements inside of a RDA meeting where you say and | 00:41:59 | |
| it's not to fund the LRS project, no money was ever put towards the RDA by. | 00:42:06 | |
| For the LRS project and to simply state that as if that ever happened, that that was ever the intent or that that. | 00:42:15 | |
| Somehow this RDA board would go out of the scope or that their chair would go out of it is just. | 00:42:22 | |
| You're not being clear, you're not being honest in it. You've been told it and it's on the record. And so we are within the scope | 00:42:29 | |
| that is my closing statement and now we're going for a motion. | 00:42:34 | |
| We are in the middle of a motion already, so I think we can't do a point of order right now. OK, I will second the motion. OK, we | 00:42:41 | |
| have a first, we have a second. We already have a second by you and now we're going to go Sarah. | 00:42:48 | |
| No. | 00:42:55 | |
| Marty, Yes, yes, Amber, aye and no. All right. We are now going to move on to the next item. Let's see. | 00:42:56 | |
| 4.2 And actually I'm going to take a 3 minute pause and then we will come back to this. | 00:43:08 | |
| Are we going? | 00:43:45 | |
| OK. We're going to go ahead and start 4 points you discussed in an action Finance final fiscal year 2024-2025 RDA Budget | 00:43:47 | |
| Resolution U2024-3 and our RDA Director, Josh Daniels will present. | 00:43:55 | |
| Right. So we've, we've had a couple of meetings and and public hearing extended across 2 meetings to hear and review the adoption | 00:44:05 | |
| of the annual budget for next fiscal year starting July 1. So this is the budget schedule that's that's been proposed and in your | 00:44:13 | |
| packet that's also up on the screen. | 00:44:21 | |
| So this is your kind of annual adoption of the budget. You know what you just did was. | 00:44:29 | |
| Adopt the final amended budget for the closing fiscal year. This is sort of for for for next year. | 00:44:36 | |
| OK. Are there any questions by the board? | 00:44:46 | |
| I would just reiterate what Sarah said of you know. | 00:44:50 | |
| When we met with you, we didn't know we were doing a resolution to change last year's and this. So when we meet with you, it'd be | 00:44:56 | |
| good to close out those two. I think that's what Sarah is, is we we have to have a question or know the knowledge to be able to | 00:45:03 | |
| ask the questions that we're adjusting it and that wasn't afforded to us on Marty on on your comment about. | 00:45:10 | |
| That we were given the administrative function. | 00:45:19 | |
| For the lay individual into this, it basically means that the founders created a $300 million credit card and we have a. | 00:45:22 | |
| Spending limit to be able to go through and do that. So you are correct. However, the organizers that set that credit card limit | 00:45:32 | |
| up, we're not thinking about going to all of those various things and I believe that. | 00:45:39 | |
| With no representation from Alpine School District to see, you're right, we do have the ability to use that credit card and it's | 00:45:47 | |
| extremely dangerous to see those limits and so or see where it goes. You could take that to Disneyland or you could do it | 00:45:55 | |
| whatever. I'm giving you an example of a family right of a credit card that like. | 00:46:02 | |
| On this, we're going to go take RDA money that was set aside to build a tax base for Vineyard, and we're gonna put $1,000,000 | 00:46:11 | |
| towards the City Hall. | 00:46:17 | |
| On that credit card and that was not originally and that will not bring us revenue to increase. This is a this was a lifesaver, a | 00:46:24 | |
| lifeline by Mayor Farnsworth, Nate Riley, all of those to say we've got to go get a tax base to be able to survive as a city. It | 00:46:33 | |
| was not for beautification or or these types of things. They're they're nice things to have. | 00:46:42 | |
| But we're sacrificing our kids education over. | 00:46:51 | |
| So in regards to things like the City Hall, right now we're approving a budget so that if we decide that when we go out for bed | 00:46:56 | |
| that it's affordable to get the drawings, then we have the budget money set aside. We need to go out to bid on it. And if it comes | 00:47:04 | |
| back and it's not something that we decide, correct me if I'm going through the process improperly, but. | 00:47:12 | |
| We'll go out to bed. We'll get those bids back, then we as a City Council will say. | 00:47:21 | |
| This is something we want to move forward with. We'll have time to have meetings, we'll have time to discuss, you know, is this a | 00:47:27 | |
| really good price for architecture? Are we the only ones paying for it? Do we have someone helping us, you know, because we're | 00:47:31 | |
| having partnerships with. | 00:47:35 | |
| Not HBO Max. Thank you. We're having partnerships with Matt. Are we splitting that cost? There's a lot of discussions that we're | 00:47:41 | |
| going to be having here forward. And I know all those processes have to go pay twice. Yeah, for sure. And so for me, as I'm | 00:47:48 | |
| approving different things, I'm approving perspective things. So we're going to be voting on each of these things. And if at the | 00:47:55 | |
| end of the day, I look at it and go, this is terrible, this isn't what I want or this is fantastic. | 00:48:02 | |
| We're paying for something. This is a great price. This is something that we can have for a long time, even if we decide that this | 00:48:10 | |
| isn't the time to build it. So I have a lot of decisions to make in regards to that. But right now for me, as I've gone through | 00:48:17 | |
| the budget and I've had my meetings, I have under, I understand what I'm approving. And so the concerns I've had, I've brought up | 00:48:24 | |
| already and I've had revisions behind like this has changed. This isn't the same as it was three months ago and so. | 00:48:31 | |
| What I'm approving right now is a budget. | 00:48:39 | |
| And I'm not approving specific projects because they have to be approved by us as we go along. On that note, is there anything | 00:48:41 | |
| that you disagree with on capital projects in this budget? Well, not on this. I guess I'd have to look at the capital project | 00:48:49 | |
| breakdown again. Could we put that up on the board? Thank you. So while you're looking. | 00:48:57 | |
| Again, I'm I feel like I have to vote no. I'm still learning. | 00:49:07 | |
| A lot about the RDA, I feel like I have a small little grasp on it. But Eric, when we first started talking about this, you told | 00:49:12 | |
| me that that RDA specifically was meant to bring, eventually bring revenue back to the city. They couldn't be on projects that | 00:49:19 | |
| didn't bring revenue back to the city in some form. And there's a lot of these items that will never bring revenue back to the | 00:49:27 | |
| city. So I'm just, I'm a little confused. I want, I, I don't want to make decisions. | 00:49:34 | |
| That will come back and bite, right. Like I want us to make decisions going forward that are going to be good for everyone. So | 00:49:42 | |
| when we talk about the scope of the RDA, there is clean up, there's environmental and there's that's the cleanup, there's | 00:49:50 | |
| infrastructure and there's economic, there's economic development that's all wrapped into. | 00:49:58 | |
| Kind of the scope and so all of these things are meant to beautify, make the area. | 00:50:07 | |
| Food so that economic development and other things want to come in here. But Sarah, if you do have something that you don't agree | 00:50:13 | |
| with, you can always tell us that you would like it off here and we can discuss that here in this meeting. So if you see something | 00:50:19 | |
| on your list that you're like, hey, I would like to pull that from here because I don't feel it fits with our goals and our scope. | 00:50:25 | |
| That's now your time to do that. Can I add one thing real quick? | 00:50:31 | |
| I feel like it's the age-old question, what do we invest? | 00:50:39 | |
| To make money, right, like or is this the best way to spend our money? Will that bring us a return? What are the values here? And | 00:50:44 | |
| I think we just have to like you said, these goals that we have and these things are looking at are these. | 00:50:51 | |
| Are these what we want to? Does it work with our goals? Does it work with our plans, just like the mayor said? But I, I really | 00:50:59 | |
| think the questions that are brought up are valid questions. I'm not, I'm not saying they're not at all. It's just, it's a really, | 00:51:05 | |
| it's a really hard question to answer all at once. | 00:51:10 | |
| Well, and I think The thing is, if you're finding something on the list, tell us, let's deliberate and then we can move forward | 00:51:17 | |
| and check that off the list if we don't want it. | 00:51:20 | |
| It's not an updated list, but I don't know if you have the list for the capital projects if you want to pull it up. | 00:51:26 | |
| Anyway, think about it for a minute. Amber, do you have anything? Or Jake, do you have something that you'd like to see off of | 00:51:33 | |
| this? | 00:51:36 | |
| RDA budget in general or that you like about it, that you wanted to increase anything. That's really what we're discussing here | 00:51:41 | |
| tonight, a reduction or an increase, whatever you are doing, I just appreciate. I know we've had a cut, we've cut a lot of things | 00:51:47 | |
| out and we've had a lot of negotiations and discussions with staff and. | 00:51:53 | |
| I am actually impressed with where we've gotten and I appreciate all the work that's been put into it. Thanks, Amber. Jake. | 00:52:01 | |
| We have not had discussion and I believe that these have been developed by staff instead of by citizens as I reached out to many | 00:52:11 | |
| of them over the past year. I don't see any of the desires of what they wanted in any of these nonetheless. | 00:52:19 | |
| Revenue increases that would bring a tax base into this of what it is so I I wouldn't even like I agree Utah City would love us to | 00:52:30 | |
| remove their their spur rail right. Does that increase the value maybe it's probably one of the only ones that's there or but no | 00:52:38 | |
| that's that's why I'd be voting no but yeah we. | 00:52:46 | |
| It's scary. Is there something that you would want to remove that we could discuss? | 00:52:55 | |
| Go down by the list. I will be voting no on almost all of these. That's OK. We can talk about them if you need to. If not, and you | 00:53:07 | |
| did talk a little bit about the City Hall design and where you felt. I think the council has discussed that with you publicly a | 00:53:13 | |
| few Times Now. So everybody has where they're sitting on that. What? What's another one? | 00:53:20 | |
| Anderson East West Projects. | 00:53:27 | |
| And they're saying this was fragile. | 00:53:30 | |
| OK. That's a reimbursement. So we're obligated. | 00:53:33 | |
| Vineyard beach improvements. | 00:53:38 | |
| That's a grant for someone from the county. | 00:53:42 | |
| Yes, from the county, from county TRCC fund the landscaping on the I mean, we go up and down all yeah. So we got a large grant | 00:53:48 | |
| from the county to clean up our lakefront. That's from the TRCC committee, the Vineyard Connector promenade overpass. Yep, that's, | 00:53:55 | |
| that's, that's approved and already, yeah, you got funded. | 00:54:01 | |
| Yeah. Anything that we cannot, I remember like 2 weeks ago, we went through what was and what wasn't. I don't see any business of | 00:54:09 | |
| bringing revenue into our city from it. OK. Sarah and Marty, do you have anything left that you want to discuss or would you like | 00:54:15 | |
| to make a motion? | 00:54:20 | |
| Economic strategic plan. | 00:54:27 | |
| Already committed to that, Adam. | 00:54:29 | |
| Isn't that the second-half payment? | 00:54:33 | |
| It is, it is funny. We got some the infrastructure thing. | 00:54:38 | |
| So honestly, like it would be so helpful if you just. | 00:54:44 | |
| If you just. | 00:54:49 | |
| Put that in because I did talk to Eric and he explained a few things but the TRT funded future improvement, right? And so and also | 00:54:50 | |
| the rail spur is also a grant, is that correct? Yeah. So those kind of things are really helpful information and I feel like I. | 00:54:59 | |
| Where we have lots of eyes on us right now, The more transparent we can be, the better. | 00:55:10 | |
| Because a lot of this isn't coming necessarily directly from us. Then how? I guess I, like I said, I have so many, so many | 00:55:16 | |
| questions. It would be nice. Yeah. Well, and we did, we did outline, we did outline these for the public before. | 00:55:24 | |
| I don't know if we went individual and we could do it again if you wanted to, if that's meaningful to you in this discussion, if | 00:55:34 | |
| it doesn't change how you're feeling, OK, if you'd like to go through them again for the public. But we did do this. | 00:55:40 | |
| In a public meeting, but we could do it now if it's helpful. The vast majority of dollars being spent on these capital projects | 00:55:48 | |
| are dollars that are designated for the purpose of projects like these that have been dollars specifically given to the | 00:55:58 | |
| redevelopment agency for these projects that that actually don't have anything to do with tax increment financing. | 00:56:08 | |
| Revenue. So the idea that the project area receives tax increment, financing revenues for the purpose of reinvesting in | 00:56:17 | |
| environmental cleanup plus other kinds of redevelopment activities designed to increase future revenues and land values, that's | 00:56:25 | |
| separate from some of these things, So for example, Vineyard beach improvement. | 00:56:33 | |
| None of the funds that are being allocated here for that capital project are tax increment financing revenues. | 00:56:43 | |
| Specific funding source that the county makes available for all cities to use some sales tax, which are earmarked specifically for | 00:56:49 | |
| projects that will increase tourism and travel and recreation. And so the idea that a Vineyard beach could be a place where people | 00:56:57 | |
| want to come and gather and recreate makes it eligible for that funding source. And lots of other communities in the county have | 00:57:04 | |
| gone to the TRCC committee. | 00:57:12 | |
| To get granted funds to make kinds of, you know, improvements to their recreation facilities. So that's just one example, you | 00:57:20 | |
| know, EU dot example. So the state has obviously transportation funding available for transportation projects. So if, if there's a | 00:57:26 | |
| project like that in Vineyard that qualifies for those dollars and you can get those dollars that that's what we're talking about | 00:57:32 | |
| here. So there's very little to know tax increment financing revenues being spent on these capital projects, largely your tax | 00:57:38 | |
| increment. | 00:57:44 | |
| Revenues are being spent in the form of previously executed reimbursement agreements with private developers per the master | 00:57:50 | |
| project plan adopted in 2011 to conduct those redevelopment activities. Clean up being a big one that's been discussed, but then | 00:57:58 | |
| also backbone infrastructure as they're developing the land. What's the City Hall? | 00:58:07 | |
| Project is that TIFF I'm I'm I'm not certain that that one predates me any. | 00:58:16 | |
| Thoughts on that? Anybody else? | 00:58:22 | |
| So the, the, the planning portion of City Hall design, the funds that we're using for the City Hall design, is that tax increment | 00:58:25 | |
| financing revenue or something else? Anybody know for a fact we we can get to the bottom of that? Yeah, but it could be bond | 00:58:32 | |
| revenue, I believe. So that it's tough that they're using for the, for the design of that. | 00:58:39 | |
| So we can look into that more in more detail. | 00:58:48 | |
| I did. | 00:58:53 | |
| Specifically the Center St. overpass landscaping, to me that's completing a project. That neighborhood has a very large wall of | 00:58:58 | |
| nothing, just a large wall. And so to me that that is finishing our commitment to a project and completing it for specifically the | 00:59:06 | |
| people in that area, but the whole city benefits from that. | 00:59:14 | |
| And like you said, you're having to. Yeah. And like you said, it's the completion of the road. | 00:59:23 | |
| Yeah, I, I'm actually, I would, I would be a hard pass to stop doing that. I think that would be unfair to the community. | 00:59:28 | |
| That's a good question. Is that something that should come out of how do we justify that coming out of the RDA? And and also to | 00:59:39 | |
| clarify, when you say, hey, it's who's designating that? Isn't that us when you're talking about designating what? Yeah, when | 00:59:46 | |
| you're like, hey, the money is designated for this type of thing or that isn't, Isn't that us? No, the the giver of the money? | 00:59:52 | |
| If the Utah Department of Transportation says. | 00:59:59 | |
| Other than that, like the TIF money, we're the ones designating that, right? | 01:00:03 | |
| No designating the project like beautification and different things like that. | 01:00:09 | |
| With the TIF money. | 01:00:15 | |
| Because you're saying like, hey, give me an example of the list, like specifically, I'm not sure I'm following, sorry. The | 01:00:17 | |
| overpass is a great one, the 420,000. | 01:00:22 | |
| The center St. overpass. So that's RDA TIF mudding. | 01:00:27 | |
| Like aren't they the ones that designate like, oh, this is because you said this is the purpose of this. It's like, aren't we the | 01:00:33 | |
| ones designated? What the purpose of it? | 01:00:37 | |
| Well, if that's TIFF money, that's like 60 percent 200,000 from our schools, right? | 01:00:44 | |
| So. | 01:00:49 | |
| So if you're saying Center St. overpass, landscaping costs, if you choose to spend RDA revenues on that project, then yes, you | 01:00:51 | |
| have the discretion to choose to spend revenue on that. | 01:00:59 | |
| In terms of whether it qualifies for the utilization of TIF revenue, well that's pursuant to your project plan and your project | 01:01:09 | |
| plan allows public spaces. | 01:01:15 | |
| As part of your infrastructure in the city to be funded with TIF revenues. | 01:01:21 | |
| So if you look at the outline of the original project plan adopted in 2011, there's like 8 different items that are the summary of | 01:01:27 | |
| kind of what the project plan allows in terms of the scope of your expenditures. Public infrastructure, including parks and public | 01:01:34 | |
| spaces is included in that. So I suppose in that scenario, you can say, oh, the landscaping can be covered by TIF revenue, so | 01:01:42 | |
| perhaps the city's transportation budget unrelated from the RDA. | 01:01:49 | |
| Legal entities, maybe the city's transportation budget builds the street, but the RDA is allowed to pay for landscaping. So that's | 01:01:57 | |
| I think that's where you're looking at what revenues can you use, whether it's RDA or city to do the various projects that you | 01:02:03 | |
| need in the city? | 01:02:09 | |
| I completely agree. The only thing that I would say is that when you get into the founders or the originals, it was more of like | 01:02:15 | |
| Cabela's was one of the main conversations or bringing somebody big in. A lot of the reasons why they put in landscaping others | 01:02:21 | |
| was it was hey, as a carrot to bring in a big taxing entity. We could do a little bit of their landscaping or we could all of | 01:02:27 | |
| those fringe things that we're talking about. But what all these projects have is that it's not connected to any tax base. It's | 01:02:32 | |
| just. | 01:02:38 | |
| Here's you know. | 01:02:44 | |
| The overpass Here's a municipality, you know, building a town hall, and it's lacking. | 01:02:45 | |
| The if we could keep this money S that we could go after a Nike or a Adobe or something like that to bring them in as a tax base. | 01:02:53 | |
| That's great. What do you mean by bring them in as a tax base to lure them in and give them incentives to be able to bring them | 01:03:00 | |
| into our city like you're saying, like an incentive, an incentive of beautification or doing some infrastructure to be able to go | 01:03:07 | |
| through and do it. | 01:03:14 | |
| Yeah, because I mean, you're not allowed to give direct incentives to the companies, right. You can do landscaping. That's what | 01:03:22 | |
| I'm saying. That's what this was originally for, was connected to an incentive. Sure. Yeah, Yeah, these are just, you can | 01:03:28 | |
| incentivize an anchor tenant like that through some type of infrastructure project and exactly that. That's a great example of how | 01:03:34 | |
| you could utilize the funds. And Josh, if I can just add to the Center St. overpass, Yeah, please. That, that was part of a, a, a | 01:03:40 | |
| larger project we had. | 01:03:46 | |
| Funds have the time to get the the Center St. overpass, but we didn't have the funds to to yeah, to do the beautification. So and | 01:03:52 | |
| by beautification we really mean landscaping, yeah, the landscape and that completes the infrastructure project. So that's how we | 01:03:58 | |
| had looked at that as part of the infrastructure. | 01:04:04 | |
| And so. | 01:04:11 | |
| That's thank you, Morgan. | 01:04:12 | |
| Hold on one second, Jake, on that. Is there anything else that you feel like you need clarity on? Is that something that we went, | 01:04:16 | |
| we went through them last week? OK, you're done. I was just telling Sir, and I wanted to put it, I wanted to say it for the | 01:04:22 | |
| record. She asked how is it that Center St. Overpass can be a part of the RDA and it's within the boundary of the RDA. It also was | 01:04:29 | |
| a huge benefit to the city for safety, getting people in and out of the city. | 01:04:36 | |
| Which helps with the population growth that we're dealing with. To me, I look at all in benefit to the RDA project, benefit to the | 01:04:43 | |
| RDA project. To me, I'm looking at all of these enhancements and what I see is that we're improving upon the RDA project area, | 01:04:51 | |
| which will also in turn draw more businesses in if we are just a barren landscape. | 01:04:59 | |
| We're not going to be very desirable to businesses that are coming and looking at vineyards. So yes, it might look like we might | 01:05:09 | |
| all have different priorities. You know, we could get the whole city to take a poll and people might have different priorities. | 01:05:15 | |
| But when I look through these lists, when I work with the city, what I've been voted to be here to make these decisions is, is | 01:05:22 | |
| this best for the RDA project area and I believe. | 01:05:28 | |
| As we go through each one that I feel comfortable with each of these items. | 01:05:35 | |
| Upon that, excellent. Sarah, did you have anything else that you wanted to discuss? Is there something that touches your eye that | 01:05:40 | |
| you feel like we should talk about that would help you get to the other side of it tonight? | 01:05:46 | |
| I, I met with Eric about a lot of it and it, it made sense because a lot of it isn't necessarily coming from and you heard it was | 01:05:55 | |
| through grants and things like that. | 01:06:00 | |
| Or reimbursements? | 01:06:05 | |
| So I. | 01:06:08 | |
| I feel like I'm. I feel like I'm OK with. | 01:06:09 | |
| Because City Hall is just a construction saving, that's not necessarily committing us to anything. | 01:06:13 | |
| I feel like that needs to be a large round table discussion before anything happens, so if it's strictly put into savings I'm OK | 01:06:19 | |
| with that. | 01:06:22 | |
| And I think I understand. I think I understand the real spur is also as a grant. | 01:06:33 | |
| Anderson, East and West is reimbursement. So I think I think the rest of it makes sense. What about the design like the savings of | 01:06:39 | |
| construction is 2 million, but the design we're going to spend, we'll still have to go through that RFP process, right, That | 01:06:44 | |
| doesn't. | 01:06:49 | |
| And from what I understood, Eric said we were splitting the cost of the design with Mag. | 01:06:58 | |
| Right. So we're, we're only online for half of that. | 01:07:04 | |
| But they would be partners in the build so. | 01:07:08 | |
| Yeah. We would send that out for RFP and then we would bring back a proposal that was the most qualified and kind of cheapest we'd | 01:07:12 | |
| find kind of that that Nexus and then the city count, aren't they City Council would make an approval or ask for an adjustment or | 01:07:20 | |
| deny it, OK. And it might have slight economic value to the city as well, the way that you guys have designed it. | 01:07:29 | |
| It will have slight, not a lot maybe, but some. | 01:07:38 | |
| Well, and the RDA is also run in that area and they're going to dig deeper into how we're going to finance it. So there's more | 01:07:41 | |
| discussion that needs to be had. OK, with that, I feel comfortable with going ahead and calling for a motion. | 01:07:48 | |
| But I need somebody to make it. | 01:07:58 | |
| Move to adopt. | 01:08:02 | |
| I make a motion to adopt the 2020 I don't have it the 2024-2025 Redevelopment Agency budget. | 01:08:05 | |
| All right, we have our first time. Marty, can I get a second, second, second by 2024 Dash 3? Thank you so much, Jamie. All right. | 01:08:16 | |
| Sarah. | 01:08:28 | |
| Aye, Marty. | 01:08:30 | |
| Yeah, Yeah. Amber, I and Jake. No. All right, this meeting is adjourned and we'll be starting the next meeting shortly. | 01:08:32 |