Start Position
Chair Fullmer began the meeting at00 pm. Boardmember Rasmussen gave the invocation and led the Pledge of Allegiance.          CALL TO ORDER/INVOCATION/INSPIRATIONAL THOUGHT/PLEDGEOF ALLEGIANCE          PRESENTATIONS/RECOGNITIONS/AWARDS/PROCLAMATIONS          CONSENTITEMS1.     Approval of the Juneth RDA MeetingMinutes
Motion: BOARDMEMBER RASMUSSEN MOVED TO APPROVE THE CONSENT ITEMS AS PRESENTED. BOARDMEMBER SIFUENTES SECONDED THE MOTION. CHAIR FULLMER, BOARDMEMBERS CAMERON, RASMUSSEN AND SIFUENTES, VOTED YES. BOARDMEMBER HOLDAWAY WAS PRESENT BUT DID NOT VOTE. THE MOTION PASSED WITH FOUR (4) VOTES.            BUSINESSITEMS1.     Public Hearing - Amending the Vineyard RDA Fiscal Year23-2024 Budget Amendment #2 (ResolutionU2024-2) RDA Director Josh Daniels will present amendments to the Fiscal Year23-2024 RDA Budget. The RDA Board will act to adopt (or deny) this request by resolution
MOTION: BOARDMEMBER SIFUENTES MOVED TO ENTER A PUBLIC HEARING AT02 PM. BOARDMEMBER RASMUSSEN SECONDED THE MOTION. CHAIR FULLMER, BOARDMEMBERS CAMERON, SIFUENTES, AND RASMUSSEN VOTED YES. BOARDMEMBER HOLDAWAY WAS PRESENT BUT DID NOT VOTE. THE MOTION PASSED WITH FOUR (4) VOTES.
Redevelopment Agency Director Josh Daniels explained the reason for the budget amendment.
John Barrick, a resident of Orem, made statements concerning the timelines of past projects as well as the statutes governing the meeting of Taxing Entity Committees.
John Gadd, a resident of Pleasant Grove, expressed concern that he believed the RDA was operating out of compliance with what had been established by statute.
Chip Price, living in the Providence subdivision, expressed concerns over raising taxes.
Motion: BOARDMEMBER RASMUSSEN MOVED TO CLOSE THE PUBLIC HEARING AT13 PM. BOARDMEMBER SIFUENTES SECONDED THE MOTION. CHAIR FULLMER, BOARDMEMBERS CAMERON, SIFUENTES, AND RASMUSSEN VOTED YES. BOARDMEMBER HOLDAWAY WAS PRESENT BUT DID NOT VOTE. THE MOTION PASSED WITH FOUR (4) VOTES.
Motion: BOARDMEMBER RASMUSSEN MOVED TO ADOPT RESOLUTION U2024-02. THERE WAS NO SECOND AND CHAIR FULLMER ASKED THE BOARD TO FINISH DISCUSSING BEFORE CONCLUDING THE MOTION.
Boardmember Holdaway asked for clarification on the Taxing Entity Committee and the code cited by Mr. Gadd. There was a discussion about state code and the operations of the RDA, as it pertained to compliance, with both Mr. Daniels and Mr. Blakesley.
Boardmember Sifuentes asked for clarification on the amendment itself, Mr. Daniels gave a breakdown of what was on the amendment.
Boardmember Holdaway wanted the record to reflect that he believed the budget process was flawed. There was a discussion and comments from each boardmember regarding their support for the amendment.
Motion: BOARDMEMBER RASMUSSEN MOVED TO ADOPT RESOLUTION U2024-02. BOARDMEMBER SIFUENTES SECONDED THE MOTION. THE ROLL CALL VOTE WENT AS FOLLOWS: CHAIR FULLMER, BOARDMEMBERS RASMUSSEN AND SIFUENTES VOTED YES. BOARDMEMBERS CAMERON AND HOLDAWAY VOTED NO. THE MOTION PASSED THREE (3) TO TWO (2).
The board took a break at43 pm.                2.     Discussion and Action - Final Fiscal Year24-2025 RDA Budget(Resolution U2024-3) RDA Director Josh Daniels will present the Final Fiscal Year24-2025 RDA Budget. The RDA Board will act to adopt (or deny) this request by resolution. (A public hearing was held on the tentative budget during the Mayh,24, RDA Meeting)
Chair Fullmer resumed the meeting at46 pm.
Mr. Daniels presented the final budget. There was a discussion about the direction of certain projects and about the budget process as a whole.
There was continued discussion about the budget and specifically capital projects.
Boardmember Sifuentes wanted to add to the record a conversation she had just had with Boardmember Cameron regarding the Center Street overpass project specifically and the qualifications needed for RDA funds.
Motion: BOARDMEMBER SIFUENTES MOVED TO ADOPT RESOLUTION U2024-03 ADOPTING THE FINAL FISCAL YEAR24-2025 RDA BUDGET. BOARDMEMBER RASMUSSEN SECONDED THE MOTION. THE ROLL CALL VOTE WENT AS FOLLOWS: CHAIR FULLMER AND BOARDMEMBERS CAMERON, SIFUENTES, AND RASMUSSEN VOTED YES. BOARDMEMBER HOLDAWAY VOTED NO. THE MOTION PASSED FOUR (4) TO ONE (1).         ADJOURNMENT
Chair Fullmer adjourned the meeting at10pm.     MINUTES APPROVED ON: August,24   CERTIFIED CORRECT BY:                      TONY LARA, DEPUTY CITY RECORDER
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
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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
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