Meeting: Redevelopment Agency Board Meeting

Live stream not working in Chrome or Edge?

Bookmarks
Transcript
Share
Favorites

Bookmark list

Start Position
Chair Fullmer opened the meeting at02 PM. Board member Holdaway gave the invocation and led the Pledge of Allegiance. PRESENTATIONS/RECOGNITIONS/AWARDS/PROCLAMATIONS CONSENT ITEMS1. Approvalof February,2025, RDAMeeting Minutes
Chair Fullmer called for a motion.
Motion: BOARD MEMBER SIFUENTES MOVED TO APPROVE THE CONSENT ITEM AS PRESENTED. BOARD MEMBER CLAWSON SECONDED THE MOTION. CHAIR FULLMER, BOARD MEMBERS CAMERON, CLAWSON, HOLDAWAY, AND SIFUENTES VOTED YES. THE MOTION CARRIED UNANIMOUSLY. BUSINESSITEMS1. ResolutionU2025-02 AdoptaResolutiontonotifyUtahCountytocommenceaphaseforthecollection of Tax Increment for particular parcels pursuant to participation agreements in the Urban Renewal Project Area. RDA Director Josh Daniels will present a recommendation to commence tax incrementcollectionforvariousparcelsincompletedredevelopmentareaswithinthe various phases of the project area.
Chair Fullmer turned the time over to RDA Director Josh Daniels.
Mr. Daniels reviewed the areas to be triggered.
Chair Fullmer called for questions from the board.
Boardmember Clawson asked if the triggering was from the contract. Mr. Daniels explained how the triggering worked with reimbursement agreements.
Boardmember Holdaway asked how much tax they would be giving back to the developers. Mr. Daniels explained that all of the values were in the agenda packet and that payments were made over time. Chair Fullmer explained what they were voting tonight was just the triggering. She asked Mr. Daniels to highlight any numbers tonight. Mr. Daniels explained that they were voting on the sending of a letter to the county triggering certain parcels.
Boardmember Holdaway asked about PhaseA. Mr. Daniels explained that and would be a-year tax collection period.
Boardmember Sifuentes stated that she was comfortable voting on it but wanted to make sure the rest of the board was comfortable with it.
Chair Fullmer called for additional questions from the board.
Boardmember Holdaway expressed his concerns with the RDA and felt this could wait. There was a discussion about moving the trigger to the next meeting. Chair Fullmer asked about him meeting with experts. Boardmember Holdaway explained that he had reached out to people. Boardmember Sifuentes asked about Boardmember Holdaway’s concerns. The discussion continued.
Boardmember Clawson clarified that if they did not approve this tonight, they were putting the RDA and City at risk for not being able to make reimbursement payments.
Mayor Fullmer called for a motion.
Motion: BOARDMEMBER SIFUENTES MOVED TO ADOPT RESOLUTION U2025-02 AS PRESENTED. BOARDMEMBER CAMERON SECONDED THE MOTION. ROLL CALL WENT AS FOLLOWS: CHAIR FULLMER, BOARDMEMBERS CAMERON, CLAWSON, AND SIFUENTES VOTED YES. BOARDMEMBER HOLDAWAY VOTED NO. THE MOTION CARRIED FOUR (4) TO ONE (1).
Boardmember Sifuentes commentated on the possibility of restructuring the RDA Board. A discussion ensued. CLOSEDSESSION No closed session was held. ADJOURNMENT
Chair Fullmer adjourned the meeting at29 PM. MINUTES APPROVED ON: May,25 CERTIFIED CORRECT BY: Pamela Spencer, CIty Recorder

Transcript search

Transcript

Event transcript
	You are.	00:00:00
	Ready.	00:00:01
	All right. Welcome, everyone.	00:00:08
	We're going to go ahead and start our.	00:00:11
	Vineyard, uh.	00:00:13
	Redevelopment Agency meeting today is April 30th, 2025 and the time is.	00:00:14
	602.	00:00:21
	We're going to start out with an invocation and a Pledge of Allegiance, and Councilmember Holdaway is going to lead out.	00:00:22
	Our dear, kindly, gracious heavenly Father.	00:00:35
	We bow our heads before thee of this day.	00:00:37
	Grateful as a community to be able to come together.	00:00:40
	As a government and to think about the needs of.	00:00:43
	Of the people that we serve and represent.	00:00:47
	Please boss us that we might have a spirit of understanding and clarity as we work together to solve the problems that we face.	00:00:50
	And please bless this nation and the Constitution and the leaders of our county state.	00:00:57
	And Congress and these things we pray for in the name of Jesus Christ.	00:01:03
	All right.	00:01:10
	I pledge allegiance to the.	00:01:15
	Into the flag of the United States of America.	00:01:17
	For which stand?	00:01:20
	One nation under God.	00:01:23
	All right.	00:01:32
	That brings us right to our consent agenda. I just need a motion to approve.	00:01:35
	Oh.	00:01:41
	No, I think I have to disclose before I can vote on consent.	00:01:43
	Oh, we're an RDA. We're an RDA.	00:01:47
	Sorry around meeting OK.	00:01:49
	That's OK.	00:01:51
	And I move to approve the consent item as presented.	00:01:53
	Great. We have our first one. Marty, can I get a second?	00:01:56
	Second by Brett.	00:01:59
	Let's see.	00:02:01
	All in favor.	00:02:03
	Aye.	00:02:04
	All right.	00:02:06
	Make a note of that.	00:02:08
	That brings us to our first business, Item 4.1.	00:02:10
	Resolution U202502.	00:02:13
	And our RDA Director, Josh Daniels recruit.	00:02:17
	Present.	00:02:20
	About his recommendation to start a tax increment collection.	00:02:21
	Great. Thank you.	00:02:27
	Chair.	00:02:28
	So periodically, you know.	00:02:29
	Through the phase.	00:02:33
	Kind of approach of the original Geneva Urban Renewal Area project plan.	00:02:34
	Once development is complete in a particular area.	00:02:40
	Then you'll request.	00:02:43
	For the county to begin the tax increment collection, it requires you send a letter.	00:02:45
	To the.	00:02:50
	County auditor with the list of parcels.	00:02:50
	So this resolution would authorize the sending of that letter to give notice to the county to begin tax increment collection on	00:02:53
	Phase 3B and Phase 5A.	00:02:57
	So these are sections of.	00:03:02
	Those phases so the original phase map talks about.	00:03:04
	5 phases and within those five phases you have different developments that.	00:03:07
	Get completed. So the two the developments here that are concerned 5A is the.	00:03:12
	Lakefront at Vineyard Town Center condominium.	00:03:17
	Development which is completed.	00:03:21
	And then phase 3B are.	00:03:23
	Sort of remaining.	00:03:25
	Portions of water's edge that have not yet been.	00:03:26
	Included for tax increment collection that are.	00:03:30
	Also completed in development.	00:03:32
	I'll show you a map of them. So in your packet, there's the draft letter that gets sent for each of these designated.	00:03:35
	Portions. That's the phase 3B letter.	00:03:42
	And then the parcel list 7 pages.	00:03:44
	Of parcels.	00:03:48
	About 200.	00:03:49
	And then this is the map area, so the purple area.	00:03:51
	Is the water's edge development.	00:03:55
	The yellow parcels are.	00:03:57
	Parcels that have been previously.	00:03:59
	Triggered for tax increment collection, but there's a number that have not yet been.	00:04:01
	This is just the original.	00:04:06
	Map of the.	00:04:08
	Project area.	00:04:09
	This is the letter.	00:04:11
	Draft letter for Phase 5A.	00:04:12
	And this is the parcel list, 31 pages of parcels.	00:04:15
	A lot of some of this is common area, for example.	00:04:21
	So it doesn't have a value, but it's still part of the trigger area.	00:04:24
	And then this.	00:04:29
	Highlighted area in yellow.	00:04:30
	Is the is the area that would be designated 5A.	00:04:31
	Any questions?	00:04:38
	Do you have questions?	00:04:40
	I'm curious so that.	00:04:50
	Everybody can hear it since the.	00:04:51
	Is.	00:04:54
	My understanding is that this triggering is that out of contract?	00:04:57
	Meaning that we that there's contract in place that now that it's.	00:05:00
	Complete. It's triggered, so we have to do this so that it can be collected.	00:05:04
	Yeah, I'm just more than anything, I'm just asking for a little bit of.	00:05:08
	Understand public, Sure.	00:05:11
	Explanation of yeah.	00:05:14
	What this actually does?	00:05:16
	Yeah, Good, good question. So overtime there's a number of reimbursement agreements that.	00:05:17
	The RDA has made with various groups.	00:05:22
	Who have been involved in the development so these are.	00:05:25
	Often developers who.	00:05:28
	Have actually.	00:05:30
	Born the initial cost of building the infrastructure.	00:05:31
	That's a big part of the project plan.	00:05:35
	Is that?	00:05:38
	This backbone infrastructure of the city would be.	00:05:39
	Paid for using RDA funds.	00:05:42
	And in our case.	00:05:44
	Developers will.	00:05:46
	Make an initial outlay of cost to build that infrastructure and then we enter into a reimbursement agreements with them to pay	00:05:47
	them back.	00:05:51
	A portion or all of those costs overtime using the revenues that come through the RDA. So what that does is it creates an	00:05:55
	obligation on your part to.	00:06:00
	Make good on the on the Rdas.	00:06:04
	End of the bargain to go ahead and collect the increment so that you have the capital to then make those reimbursement payments on	00:06:07
	a timely basis.	00:06:10
	In many of those cases.	00:06:14
	The city incurs an interest charge for unpaid and unreimbursed costs over time, so it's very much in the interest of the city and	00:06:17
	of the RDA.	00:06:21
	To collect the revenue on a timely basis.	00:06:25
	To make those payments, reimbursement payments and and you know, reduce the overall cost of.	00:06:28
	Of that.	00:06:35
	Development from an interest perspective.	00:06:36
	Also additionally.	00:06:39
	A portion of revenues.	00:06:41
	Go towards environmental cleanup.	00:06:42
	And where we haven't?	00:06:45
	Trigger some of these areas, we're not collecting tax increment revenue to then pay for those cleanup costs, so.	00:06:47
	You know, we need to be responsible about.	00:06:54
	Triggering these parcels on a timely basis, so we have the revenue necessary to make.	00:06:56
	Reimbursement payments for the environmental remediation.	00:07:01
	Operations that are going on.	00:07:04
	Also another important reason to trigger parcels over time and maybe not all at once.	00:07:06
	Is you create fiscal cliffs of sorts.	00:07:11
	I think you want to have a more smooth ramp in terms of revenue to the RDA.	00:07:14
	But that also means there's a smooth ramp on the back end that has.	00:07:20
	RDA collection areas as tax increment collection areas expire.	00:07:23
	Then it'll also change revenues for the taxing entities. The way that works is when an area.	00:07:28
	That it was previously.	00:07:35
	Collecting tax increment.	00:07:38
	If that.	00:07:40
	Time period expires.	00:07:41
	All of the value, the taxable value.	00:07:43
	In that area becomes calculated as new growth to taxing entities.	00:07:46
	In the year.	00:07:52
	That it comes back into the traditional.	00:07:53
	Tax structure.	00:07:57
	And so you create some really big one year leaps in the future if you sort of.	00:07:58
	You know, weighted the trigger parcels.	00:08:04
	So that that's also important. And of course the inverse is true, which is that.	00:08:06
	When uh.	00:08:10
	Areas are placed in the tax increment collection. It doesn't reduce the base revenue of any taxing entity.	00:08:11
	It only is.	00:08:17
	Netted against new growth.	00:08:19
	So that's an important distinction as well, because as you trigger areas, it doesn't actually create.	00:08:22
	A reduction in the base tax revenue of the participating taxing entities, the school district, the county, the city.	00:08:28
	What it is, is it's netted against new growth because those areas that are triggered for collection.	00:08:36
	Are not considered part of new growth in that particular year.	00:08:42
	Any other questions?	00:08:50
	I think this is void of any.	00:08:54
	Numbers though, why aren't we showing how much tax we're going to be giving back to the developer and.	00:08:58
	The rates and the different parcels and the names, Why wouldn't we?	00:09:03
	Be making that public now.	00:09:07
	Well, the parcels all have values here in the chart.	00:09:09
	OK.	00:09:11
	That's so.	00:09:12
	I didn't see that in the packet though.	00:09:14
	Was this in the packet?	00:09:16
	Yeah, this is in the packet.	00:09:18
	Yeah, all the all these parcels and the values are all in the packet.	00:09:19
	And the PDF that.	00:09:24
	Am I only getting the agenda?	00:09:27
	Tony, so that the exhibit for this agenda item includes the resolution which is the pages right here.	00:09:29
	And then that's it.	00:09:37
	And then here it talks about.	00:09:40
	So it talks about the base value in the letter.	00:09:42
	And then, yeah, I didn't get any of this. OK, sorry. It's on the agenda center, like when you log in.	00:09:45
	Yeah, I haven't had access to the agenda Center for a couple months or a couple weeks.	00:09:53
	Yeah, I didn't get any of this.	00:10:00
	And then I'll forward it to you by e-mail right now, the version that was on the public.	00:10:06
	The state public notice website.	00:10:11
	The Phillips Phillips.	00:10:13
	I also gave him a hard copy so you can take the time to review it.	00:10:14
	And I did.	00:10:19
	Provides some background discussion in the In the agenda item memo.	00:10:20
	So to your point about fiscal impact.	00:10:24
	The estimate is a $2,000,000 increase in.	00:10:27
	Increment revenue. So that's revenue to the RDA.	00:10:30
	And that that's the total.	00:10:34
	You know, anticipated.	00:10:37
	New tax revenue, if you will, from these particular collection areas for.	00:10:39
	For RDA revenue now nothing about triggering the parcels for collection.	00:10:44
	Has an immediate or direct impact on our reimbursement agreements. They're sort of separate things.	00:10:49
	We make reimbursement payments over time on existing.	00:10:55
	Agreements that have been agreed to that we've made payments on.	00:10:58
	In the past.	00:11:01
	This just gives us more revenue to continue to make those payments.	00:11:03
	But there's nothing direct about.	00:11:07
	The triggering of these parcels for collection.	00:11:09
	In terms of.	00:11:12
	Making a payment. At least not in this particular case.	00:11:13
	There are some agreements in the in the area.	00:11:16
	Where there is a direct correlation between what we collect.	00:11:20
	And a particular contract.	00:11:23
	But not not exactly in the same way for these areas.	00:11:26
	I think I will now also.	00:11:31
	Any applications that are out there have been made they they are public. If you want to look at those two, you can.	00:11:33
	Eric and Pam It might be good to work with Jake and make sure that his.	00:11:39
	Online accesses he needs.	00:11:44
	He needs to.	00:11:48
	Local city clerk. That's not on Islanders. OK.	00:11:49
	Nothing we can do on our cyber.	00:11:53
	OK. In the meantime, we'll.	00:11:55
	E-mail all those documents.	00:11:57
	Well, Jamie just sent me in finally.	00:12:01
	If it's helpful that this where I'm looking right here is just the public.	00:12:07
	Website for Vineyard.	00:12:11
	Where there's the agenda in minutes and both these reports.	00:12:12
	Should also be linked there with PDF's.	00:12:15
	Yeah, because they are available to the public on their notice, aren't they? Yeah.	00:12:19
	So all the exhibits are in the online.	00:12:23
	Posting umm.	00:12:26
	Josh, are there any things that would be valuable to highlight? I know what we're doing right now is just.	00:12:28
	Triggering uh.	00:12:33
	The amount that goes to these parcels. So while these numbers are interesting to review and to know kind of the next steps.	00:12:35
	But we're really voting on tonight is just trigger.	00:12:42
	Triggering the parcels.	00:12:45
	And.	00:12:47
	What those applications have already been completed?	00:12:48
	And done in those.	00:12:52
	Those contracts are already completed. That's not what we're voting on tonight.	00:12:54
	What we're voting on are the parcels.	00:12:59
	If there's any numbers that you would like to highlight just for.	00:13:01
	Interest, we can do that what we are. Could you highlight the number that we're actually voting on tonight?	00:13:04
	And then count or board if you have any questions about.	00:13:10
	What's on the table?	00:13:13
	Let's review that. Otherwise, I'd like to move to a motion.	00:13:14
	Yeah. So essentially what you're voting on is authorizing the sending of this letter to the county to say please begin tax	00:13:17
	increment collection on these particular parcels.	00:13:22
	The outcome of that will be that.	00:13:27
	These.	00:13:30
	800 or so parcels.	00:13:31
	Will produce.	00:13:33
	Tax increment.	00:13:36
	Revenue that goes to the RDA.	00:13:37
	And therefore not to the taxing entities.	00:13:40
	And so the taxing entities will receive revenue from their baseline.	00:13:44
	Assumptions of budget from the normal property tax.	00:13:48
	And So what what essentially what's happening here is you're reducing.	00:13:51
	Your one year new growth, new growth by the same amount that the RDA is receiving.	00:13:55
	OK, Jake, as you're looking at the packet right now.	00:14:02
	Is there anything that you want to understand about that we're.	00:14:05
	Is Phase 5A with the extension going into the 50 year period that we did last year?	00:14:10
	So this this is yeah, each of these phases, Phase 5A and Phase 3B.	00:14:16
	Would be a tax collection period of 25 years.	00:14:22
	And after 25, when did it start? Like today? It would start in this year, 2025, and it would end in 2049.	00:14:25
	OK.	00:14:32
	You know, uh.	00:14:35
	Yeah.	00:14:39
	Yeah, I would rather not say anything.	00:14:45
	I mean each. So it is an important question maybe at each section that we are triggering now and in the future will be 25 years	00:14:47
	for that section.	00:14:52
	The rest of the board, do you have any questions?	00:15:03
	I I feel comfortable voting for it.	00:15:10
	Running on it but.	00:15:12
	I don't.	00:15:13
	I want to make sure the rest of the Council is comfortable.	00:15:14
	That they've had time to.	00:15:18
	To look at it and if they feel comfortable, I'm playing with that.	00:15:21
	OK. How are you doing, Jake? Do you have something?	00:15:25
	Yeah. You know, I know it's been difficult for us to meet with our RDA professionals that help advise me and it's.	00:15:30
	Kind of disappointing that it's gotten to that level.	00:15:35
	To kind of understand it.	00:15:38
	I'd rather not.	00:15:40
	Vote on this right now with everything that.	00:15:42
	Is being looked into.	00:15:44
	And yeah, I think this could wait.	00:15:46
	Josh, what are the?	00:15:51
	Consequences of us pushing this to our next meeting.	00:15:52
	We would not be able to trigger these parcels this year.	00:15:55
	We need to give notice to the county in May.	00:15:58
	Our next meeting on May.	00:16:03
	Could you make it?	00:16:05
	May 1st.	00:16:06
	I had some questions for you, Jake.	00:16:10
	Yeah. When you say that you're having a difficult time meeting with our experts for the RDA, what do you mean?	00:16:12
	I have a group of people that have helped.	00:16:19
	Put together and understand the RDA in the deeper level.	00:16:21
	We've tried to meet with Josh multiple times.	00:16:25
	Have them meet with you. They've sent you emails and letters to get stuff.	00:16:27
	John and Eric has sent you over stuff.	00:16:32
	Sent me stuff or sent Josh stuff?	00:16:36
	I think both of you guys have been sent stuff.	00:16:38
	And I know that.	00:16:41
	Has gone to the state auditor's office and they finally got the information and I I haven't been given the information from the	00:16:42
	state auditor yet so.	00:16:45
	I'm not ready to.	00:16:50
	Vote on anything yet?	00:16:51
	On this SO.	00:16:53
	So I'm not really sure what your.	00:16:55
	Referring to do you? Is there anything that.	00:16:57
	Would help.	00:17:00
	From the emails that maybe you received, that would clarify something here because I feel like we're quite clear on.	00:17:01
	We have an RDA.	00:17:08
	There are parcels.	00:17:10
	That according to our RDA, we do need to trigger.	00:17:12
	We know that.	00:17:15
	The RDA agreements have been done publicly.	00:17:16
	And we are at the point where we need to start putting those in in order to.	00:17:19
	Trigger those increments.	00:17:24
	It seems clear the numbers are before us.	00:17:26
	I feel like.	00:17:29
	Any questions that have come? Do you feel like they've related to the triggering or just the RDA to hold?	00:17:30
	I think more of the RDA generally, ideas of bonding, long term financial.	00:17:37
	Analysis, things like that.	00:17:42
	OK, so council or board, I'm going to.	00:17:43
	Hold on one second.	00:17:47
	I am going to go through and see if each board member feels comfortable outside of this.	00:17:48
	And then?	00:17:53
	We can move forward from there, Marty. You can go ahead and start.	00:17:54
	Oh, I think what?	00:17:57
	And I don't want to put words in Jake's mouth, but I think it's it's more of the fundamental concerns with the RDA as a.	00:18:00
	As a whole.	00:18:06
	I just think the lack of information and having to go to the state auditor's office to get information and they haven't been able	00:18:08
	to turn that over to us at this time.	00:18:12
	To me, and so until that happens, I wouldn't be voting the trigger any type of.	00:18:16
	Increment finances back to the developer, to the RDA, to them, to the developer. Until I understand it correctly. Can you state	00:18:22
	the information that you're looking for?	00:18:26
	Yeah, I think I was just looking through the letter of.	00:18:30
	When you guys were sent emails from John Barrack of getting the dates and times and I can forward them to you after the meeting.	00:18:32
	But yeah, I think.	00:18:40
	Sometimes of what?	00:18:41
	You just mentioned that you hadn't gotten any emails and requests for information.	00:18:43
	Oh, the dates and times of when the emails were sent.	00:18:47
	Yeah, it's you guys requesting. Is there anything that you needed to know?	00:18:50
	The information, yeah, there was an answer question.	00:18:54
	There was a there was a very long detailed.	00:18:57
	Thing about.	00:19:00
	The Taxing Entity committee.	00:19:01
	Information. I mean, it's a massive e-mail, guys.	00:19:03
	Isn't small. This isn't one small request. I don't remember this actually. You came before the public.	00:19:06
	They came and spoke about it. They had an e-mail.	00:19:13
	I do remember this. We talked about it.	00:19:15
	Josh actually answered many of the questions publicly at that time. Maybe.	00:19:18
	I wouldn't characterize it that way, but.	00:19:23
	Yeah, there were some questions.	00:19:25
	And then we talked about finding those dates and times. Were you able to meet with Josh?	00:19:27
	No, he.	00:19:32
	Both times and we still haven't been able to meet you. Got your e-mail on June 13th.	00:19:34
	2024 is the last year.	00:19:39
	And we still haven't gotten an answer on all those detailed things that they're asking. I'm curious how many times you followed up	00:19:41
	after that.	00:19:44
	I think, yeah. So it started in June.	00:19:48
	From June.	00:19:51
	It went.	00:19:52
	To Josh.	00:19:53
	In December 12th.	00:19:55
	On December 12th, it went to.	00:19:59
	Yeah, I have the whole chain.	00:20:03
	And we forwarded it over the state auditor's office. That's great.	00:20:04
	Thank you for sharing that. Is there anything that we can answer tonight for you? I just want to put on the public record that	00:20:08
	we've asked multiple times and I'd rather get it.	00:20:12
	Directly from our RDA director than going to the state auditors to acquire.	00:20:16
	He is right here.	00:20:21
	If there's anything that you need to know tonight.	00:20:22
	We might be able to answer it.	00:20:25
	Yeah, triggering the.	00:20:27
	Triggering it.	00:20:28
	I just think that we could work in a better way.	00:20:30
	Than having to be stood up multiple times on the questions we're asking. We're being kind.	00:20:33
	That means I'm going to.	00:20:40
	I'm going to stop that conversation. Thank you for sharing that you.	00:20:43
	And and articulating it to us so that we can.	00:20:47
	Go back and look through and make sure that you get the information that you need.	00:20:50
	When you need it.	00:20:54
	As we've stated, we really want you to have.	00:20:56
	Everything that you need.	00:20:58
	Right now is an opportunity.	00:21:00
	For you to state some of the things that you need that we could discuss publicly.	00:21:02
	Let's get a heart appointment right now on on the day.	00:21:06
	To go through everything and.	00:21:09
	Because we are.	00:21:11
	In the middle of an active vote.	00:21:12
	That needs to be done.	00:21:14
	If there's something that you could know tonight, are you telling me that none of this would?	00:21:16
	Hope you make a decision tonight.	00:21:20
	OK. Thank you for sharing that.	00:21:22
	Brett, do you have anything?	00:21:24
	Just a.	00:21:26
	Clarification.	00:21:28
	Based on everything that I've heard tonight, if we.	00:21:29
	Do not approve this tonight.	00:21:32
	We are putting ourselves at risk of.	00:21:34
	Penalties.	00:21:36
	In our ability to pay back on.	00:21:37
	Development agreements that are already in place.	00:21:41
	Is that true?	00:21:43
	Yeah, that's correct.	00:21:44
	OK, so so if we do not approve this.	00:21:44
	We're putting.	00:21:48
	The RDA and the city at risk.	00:21:49
	Yeah, I'd say that's accurate. You're going to incur additional interest charges in the near future.	00:21:51
	As you're not able to make.	00:21:56
	Larger payments of reimbursement for previous development work.	00:21:58
	Yeah, that's all I have.	00:22:03
	OK. But outside of that, you feel really comfortable with this, you've read through it, OK.	00:22:04
	Sarah OK, then I need a motion.	00:22:09
	I can I move to adopt resolution U20?	00:22:14
	20 Sorry, 2025-02 as presented.	00:22:18
	All right, I have a first time Marty. Can I get a second?	00:22:22
	2nd.	00:22:25
	Thank you, Sarah.	00:22:26
	This is going to be done by roll call Jake.	00:22:27
	No.	00:22:30
	All right, Brett.	00:22:31
	Aye, aye, Marty.	00:22:32
	Yes, and Sarah.	00:22:34
	Yes, alright.	00:22:35
	And therefore I have something I wanted to bring up.	00:22:37
	I had been talking to a resident.	00:22:40
	It's actually a previous council member, Chris Grad.	00:22:44
	And and this right here kind of is a good example of.	00:22:46
	An idea he has that.	00:22:51
	Maybe it would be worth looking at the restructuring of the RDA board.	00:22:53
	And I wanted to see if it was something that the council has an appetite for and see if we can get it on a future.	00:22:58
	Agenda, but basically.	00:23:05
	Some of the.	00:23:07
	Some of the reasoning behind it from my understanding.	00:23:08
	Is that?	00:23:11
	When council comes in and doesn't feel like they have all the information or the experience to be able to handle.	00:23:14
	A financial entity this.	00:23:21
	I think sometimes we.	00:23:23
	I think we're put at a disadvantage and so I think it would be healthy to look to see if we maybe want to have the RDA board be.	00:23:26
	Maybe partially the council and partially financial someone in the community that has financial expertise.	00:23:35
	I think it would create better checks and balances. I think that it would be.	00:23:42
	Just maybe a healthier format.	00:23:45
	For, especially with.	00:23:47
	Just with such.	00:23:50
	Big amounts of money on these agendas so.	00:23:52
	I was wondering if the rest of the Council is interested in looking into it.	00:23:55
	Or if we I would be happy to put it on an agenda and have our council look at it.	00:23:58
	Awesome, yeah.	00:24:04
	OK, everybody, Yeah, I think that's wise and getting.	00:24:05
	Researchers but.	00:24:10
	I mean, the things that we've been asking for are really basic of just all of the documents for the taxing entity committee who is	00:24:11
	on it from Alpine School District.	00:24:16
	Who is on it from the county? Who is on it from all five of those?	00:24:20
	Being able to meet with those people, being able to understand why.	00:24:24
	This was extended from 25 years to 50.	00:24:28
	When those votes pub.	00:24:31
	Happen. We don't have any record of this, of the RDA being extended on those votes, on the documents of that.	00:24:33
	That the Rda's.	00:24:40
	Half of our or close to half?	00:24:41
	Of our entire city.	00:24:44
	And in terms of a lower rate, I know we lock it in at this lower rate and then it gets distributed and the newer rate.	00:24:46
	You know, we don't need to believe at that point.	00:24:53
	But for.	00:24:56
	Vineyard City residents to not even understand that that happened a year ago and there's no record of that, and a year ago I've	00:24:57
	asked for the documents of that and had to go to the state.	00:25:03
	Auditor to say.	00:25:08
	I am on the governing board and I am not given this information.	00:25:10
	Is annoying.	00:25:14
	Well, we definitely have record of it because right next to you PAMS right here.	00:25:16
	There are no votes of the record of extending it from 25 years to 50.	00:25:21
	There was in the grammar request.	00:25:27
	Well, the county doesn't have it. The school district doesn't have it.	00:25:28
	It wasn't in the grandma.	00:25:33
	So you grandma the city and you didn't get it, is what you're saying? Yeah, I looked through. I didn't personally, but I we looked	00:25:34
	through all the grammar documents from all it all. OK, so you did not grandma the city. You looked through the grandma document. I	00:25:39
	believe the city was grounded as well.	00:25:44
	Yeah.	00:25:49
	You. You can. Was it the city grandma?	00:25:49
	Grammy, you grandma, us.	00:25:53
	I mean, I'm looking at the grammar documents now.	00:25:57
	Listen, I'm I am actually going through.	00:25:59
	I mean, unless the rest of the board feels this is an important conversation for tonight, I I will say this.	00:26:02
	You are making a claim that.	00:26:09
	You were not answered.	00:26:12
	That you put in a request.	00:26:14
	That the documents were not made available to you.	00:26:16
	I will go back and find out.	00:26:19
	If that is the case.	00:26:22
	And also.	00:26:24
	How to make the process better?	00:26:25
	If that was the case, especially as I mentioned before, we want you to have everything in order to make good decisions.	00:26:27
	And we will, like we met with the auditor the other day, come up with a great plan.	00:26:35
	To make sure that.	00:26:39
	Your understanding?	00:26:42
	How to request it and we are managing your expectations clearly so.	00:26:44
	With that, I'm going to adjourn this meeting. We'll take 10 minutes and then we'll switch over to the other meeting. Thank you.	00:26:49

* you need to log in to manage your favorites

Agenda
Packet
Minutes
Transcript

* use Ctrl+F (Cmd+F on Mac) to search in document

Transcript search

Transcript

Event transcript
	You are.	00:00:00
	Ready.	00:00:01
	All right. Welcome, everyone.	00:00:08
	We're going to go ahead and start our.	00:00:11
	Vineyard, uh.	00:00:13
	Redevelopment Agency meeting today is April 30th, 2025 and the time is.	00:00:14
	602.	00:00:21
	We're going to start out with an invocation and a Pledge of Allegiance, and Councilmember Holdaway is going to lead out.	00:00:22
	Our dear, kindly, gracious heavenly Father.	00:00:35
	We bow our heads before thee of this day.	00:00:37
	Grateful as a community to be able to come together.	00:00:40
	As a government and to think about the needs of.	00:00:43
	Of the people that we serve and represent.	00:00:47
	Please boss us that we might have a spirit of understanding and clarity as we work together to solve the problems that we face.	00:00:50
	And please bless this nation and the Constitution and the leaders of our county state.	00:00:57
	And Congress and these things we pray for in the name of Jesus Christ.	00:01:03
	All right.	00:01:10
	I pledge allegiance to the.	00:01:15
	Into the flag of the United States of America.	00:01:17
	For which stand?	00:01:20
	One nation under God.	00:01:23
	All right.	00:01:32
	That brings us right to our consent agenda. I just need a motion to approve.	00:01:35
	Oh.	00:01:41
	No, I think I have to disclose before I can vote on consent.	00:01:43
	Oh, we're an RDA. We're an RDA.	00:01:47
	Sorry around meeting OK.	00:01:49
	That's OK.	00:01:51
	And I move to approve the consent item as presented.	00:01:53
	Great. We have our first one. Marty, can I get a second?	00:01:56
	Second by Brett.	00:01:59
	Let's see.	00:02:01
	All in favor.	00:02:03
	Aye.	00:02:04
	All right.	00:02:06
	Make a note of that.	00:02:08
	That brings us to our first business, Item 4.1.	00:02:10
	Resolution U202502.	00:02:13
	And our RDA Director, Josh Daniels recruit.	00:02:17
	Present.	00:02:20
	About his recommendation to start a tax increment collection.	00:02:21
	Great. Thank you.	00:02:27
	Chair.	00:02:28
	So periodically, you know.	00:02:29
	Through the phase.	00:02:33
	Kind of approach of the original Geneva Urban Renewal Area project plan.	00:02:34
	Once development is complete in a particular area.	00:02:40
	Then you'll request.	00:02:43
	For the county to begin the tax increment collection, it requires you send a letter.	00:02:45
	To the.	00:02:50
	County auditor with the list of parcels.	00:02:50
	So this resolution would authorize the sending of that letter to give notice to the county to begin tax increment collection on	00:02:53
	Phase 3B and Phase 5A.	00:02:57
	So these are sections of.	00:03:02
	Those phases so the original phase map talks about.	00:03:04
	5 phases and within those five phases you have different developments that.	00:03:07
	Get completed. So the two the developments here that are concerned 5A is the.	00:03:12
	Lakefront at Vineyard Town Center condominium.	00:03:17
	Development which is completed.	00:03:21
	And then phase 3B are.	00:03:23
	Sort of remaining.	00:03:25
	Portions of water's edge that have not yet been.	00:03:26
	Included for tax increment collection that are.	00:03:30
	Also completed in development.	00:03:32
	I'll show you a map of them. So in your packet, there's the draft letter that gets sent for each of these designated.	00:03:35
	Portions. That's the phase 3B letter.	00:03:42
	And then the parcel list 7 pages.	00:03:44
	Of parcels.	00:03:48
	About 200.	00:03:49
	And then this is the map area, so the purple area.	00:03:51
	Is the water's edge development.	00:03:55
	The yellow parcels are.	00:03:57
	Parcels that have been previously.	00:03:59
	Triggered for tax increment collection, but there's a number that have not yet been.	00:04:01
	This is just the original.	00:04:06
	Map of the.	00:04:08
	Project area.	00:04:09
	This is the letter.	00:04:11
	Draft letter for Phase 5A.	00:04:12
	And this is the parcel list, 31 pages of parcels.	00:04:15
	A lot of some of this is common area, for example.	00:04:21
	So it doesn't have a value, but it's still part of the trigger area.	00:04:24
	And then this.	00:04:29
	Highlighted area in yellow.	00:04:30
	Is the is the area that would be designated 5A.	00:04:31
	Any questions?	00:04:38
	Do you have questions?	00:04:40
	I'm curious so that.	00:04:50
	Everybody can hear it since the.	00:04:51
	Is.	00:04:54
	My understanding is that this triggering is that out of contract?	00:04:57
	Meaning that we that there's contract in place that now that it's.	00:05:00
	Complete. It's triggered, so we have to do this so that it can be collected.	00:05:04
	Yeah, I'm just more than anything, I'm just asking for a little bit of.	00:05:08
	Understand public, Sure.	00:05:11
	Explanation of yeah.	00:05:14
	What this actually does?	00:05:16
	Yeah, Good, good question. So overtime there's a number of reimbursement agreements that.	00:05:17
	The RDA has made with various groups.	00:05:22
	Who have been involved in the development so these are.	00:05:25
	Often developers who.	00:05:28
	Have actually.	00:05:30
	Born the initial cost of building the infrastructure.	00:05:31
	That's a big part of the project plan.	00:05:35
	Is that?	00:05:38
	This backbone infrastructure of the city would be.	00:05:39
	Paid for using RDA funds.	00:05:42
	And in our case.	00:05:44
	Developers will.	00:05:46
	Make an initial outlay of cost to build that infrastructure and then we enter into a reimbursement agreements with them to pay	00:05:47
	them back.	00:05:51
	A portion or all of those costs overtime using the revenues that come through the RDA. So what that does is it creates an	00:05:55
	obligation on your part to.	00:06:00
	Make good on the on the Rdas.	00:06:04
	End of the bargain to go ahead and collect the increment so that you have the capital to then make those reimbursement payments on	00:06:07
	a timely basis.	00:06:10
	In many of those cases.	00:06:14
	The city incurs an interest charge for unpaid and unreimbursed costs over time, so it's very much in the interest of the city and	00:06:17
	of the RDA.	00:06:21
	To collect the revenue on a timely basis.	00:06:25
	To make those payments, reimbursement payments and and you know, reduce the overall cost of.	00:06:28
	Of that.	00:06:35
	Development from an interest perspective.	00:06:36
	Also additionally.	00:06:39
	A portion of revenues.	00:06:41
	Go towards environmental cleanup.	00:06:42
	And where we haven't?	00:06:45
	Trigger some of these areas, we're not collecting tax increment revenue to then pay for those cleanup costs, so.	00:06:47
	You know, we need to be responsible about.	00:06:54
	Triggering these parcels on a timely basis, so we have the revenue necessary to make.	00:06:56
	Reimbursement payments for the environmental remediation.	00:07:01
	Operations that are going on.	00:07:04
	Also another important reason to trigger parcels over time and maybe not all at once.	00:07:06
	Is you create fiscal cliffs of sorts.	00:07:11
	I think you want to have a more smooth ramp in terms of revenue to the RDA.	00:07:14
	But that also means there's a smooth ramp on the back end that has.	00:07:20
	RDA collection areas as tax increment collection areas expire.	00:07:23
	Then it'll also change revenues for the taxing entities. The way that works is when an area.	00:07:28
	That it was previously.	00:07:35
	Collecting tax increment.	00:07:38
	If that.	00:07:40
	Time period expires.	00:07:41
	All of the value, the taxable value.	00:07:43
	In that area becomes calculated as new growth to taxing entities.	00:07:46
	In the year.	00:07:52
	That it comes back into the traditional.	00:07:53
	Tax structure.	00:07:57
	And so you create some really big one year leaps in the future if you sort of.	00:07:58
	You know, weighted the trigger parcels.	00:08:04
	So that that's also important. And of course the inverse is true, which is that.	00:08:06
	When uh.	00:08:10
	Areas are placed in the tax increment collection. It doesn't reduce the base revenue of any taxing entity.	00:08:11
	It only is.	00:08:17
	Netted against new growth.	00:08:19
	So that's an important distinction as well, because as you trigger areas, it doesn't actually create.	00:08:22
	A reduction in the base tax revenue of the participating taxing entities, the school district, the county, the city.	00:08:28
	What it is, is it's netted against new growth because those areas that are triggered for collection.	00:08:36
	Are not considered part of new growth in that particular year.	00:08:42
	Any other questions?	00:08:50
	I think this is void of any.	00:08:54
	Numbers though, why aren't we showing how much tax we're going to be giving back to the developer and.	00:08:58
	The rates and the different parcels and the names, Why wouldn't we?	00:09:03
	Be making that public now.	00:09:07
	Well, the parcels all have values here in the chart.	00:09:09
	OK.	00:09:11
	That's so.	00:09:12
	I didn't see that in the packet though.	00:09:14
	Was this in the packet?	00:09:16
	Yeah, this is in the packet.	00:09:18
	Yeah, all the all these parcels and the values are all in the packet.	00:09:19
	And the PDF that.	00:09:24
	Am I only getting the agenda?	00:09:27
	Tony, so that the exhibit for this agenda item includes the resolution which is the pages right here.	00:09:29
	And then that's it.	00:09:37
	And then here it talks about.	00:09:40
	So it talks about the base value in the letter.	00:09:42
	And then, yeah, I didn't get any of this. OK, sorry. It's on the agenda center, like when you log in.	00:09:45
	Yeah, I haven't had access to the agenda Center for a couple months or a couple weeks.	00:09:53
	Yeah, I didn't get any of this.	00:10:00
	And then I'll forward it to you by e-mail right now, the version that was on the public.	00:10:06
	The state public notice website.	00:10:11
	The Phillips Phillips.	00:10:13
	I also gave him a hard copy so you can take the time to review it.	00:10:14
	And I did.	00:10:19
	Provides some background discussion in the In the agenda item memo.	00:10:20
	So to your point about fiscal impact.	00:10:24
	The estimate is a $2,000,000 increase in.	00:10:27
	Increment revenue. So that's revenue to the RDA.	00:10:30
	And that that's the total.	00:10:34
	You know, anticipated.	00:10:37
	New tax revenue, if you will, from these particular collection areas for.	00:10:39
	For RDA revenue now nothing about triggering the parcels for collection.	00:10:44
	Has an immediate or direct impact on our reimbursement agreements. They're sort of separate things.	00:10:49
	We make reimbursement payments over time on existing.	00:10:55
	Agreements that have been agreed to that we've made payments on.	00:10:58
	In the past.	00:11:01
	This just gives us more revenue to continue to make those payments.	00:11:03
	But there's nothing direct about.	00:11:07
	The triggering of these parcels for collection.	00:11:09
	In terms of.	00:11:12
	Making a payment. At least not in this particular case.	00:11:13
	There are some agreements in the in the area.	00:11:16
	Where there is a direct correlation between what we collect.	00:11:20
	And a particular contract.	00:11:23
	But not not exactly in the same way for these areas.	00:11:26
	I think I will now also.	00:11:31
	Any applications that are out there have been made they they are public. If you want to look at those two, you can.	00:11:33
	Eric and Pam It might be good to work with Jake and make sure that his.	00:11:39
	Online accesses he needs.	00:11:44
	He needs to.	00:11:48
	Local city clerk. That's not on Islanders. OK.	00:11:49
	Nothing we can do on our cyber.	00:11:53
	OK. In the meantime, we'll.	00:11:55
	E-mail all those documents.	00:11:57
	Well, Jamie just sent me in finally.	00:12:01
	If it's helpful that this where I'm looking right here is just the public.	00:12:07
	Website for Vineyard.	00:12:11
	Where there's the agenda in minutes and both these reports.	00:12:12
	Should also be linked there with PDF's.	00:12:15
	Yeah, because they are available to the public on their notice, aren't they? Yeah.	00:12:19
	So all the exhibits are in the online.	00:12:23
	Posting umm.	00:12:26
	Josh, are there any things that would be valuable to highlight? I know what we're doing right now is just.	00:12:28
	Triggering uh.	00:12:33
	The amount that goes to these parcels. So while these numbers are interesting to review and to know kind of the next steps.	00:12:35
	But we're really voting on tonight is just trigger.	00:12:42
	Triggering the parcels.	00:12:45
	And.	00:12:47
	What those applications have already been completed?	00:12:48
	And done in those.	00:12:52
	Those contracts are already completed. That's not what we're voting on tonight.	00:12:54
	What we're voting on are the parcels.	00:12:59
	If there's any numbers that you would like to highlight just for.	00:13:01
	Interest, we can do that what we are. Could you highlight the number that we're actually voting on tonight?	00:13:04
	And then count or board if you have any questions about.	00:13:10
	What's on the table?	00:13:13
	Let's review that. Otherwise, I'd like to move to a motion.	00:13:14
	Yeah. So essentially what you're voting on is authorizing the sending of this letter to the county to say please begin tax	00:13:17
	increment collection on these particular parcels.	00:13:22
	The outcome of that will be that.	00:13:27
	These.	00:13:30
	800 or so parcels.	00:13:31
	Will produce.	00:13:33
	Tax increment.	00:13:36
	Revenue that goes to the RDA.	00:13:37
	And therefore not to the taxing entities.	00:13:40
	And so the taxing entities will receive revenue from their baseline.	00:13:44
	Assumptions of budget from the normal property tax.	00:13:48
	And So what what essentially what's happening here is you're reducing.	00:13:51
	Your one year new growth, new growth by the same amount that the RDA is receiving.	00:13:55
	OK, Jake, as you're looking at the packet right now.	00:14:02
	Is there anything that you want to understand about that we're.	00:14:05
	Is Phase 5A with the extension going into the 50 year period that we did last year?	00:14:10
	So this this is yeah, each of these phases, Phase 5A and Phase 3B.	00:14:16
	Would be a tax collection period of 25 years.	00:14:22
	And after 25, when did it start? Like today? It would start in this year, 2025, and it would end in 2049.	00:14:25
	OK.	00:14:32
	You know, uh.	00:14:35
	Yeah.	00:14:39
	Yeah, I would rather not say anything.	00:14:45
	I mean each. So it is an important question maybe at each section that we are triggering now and in the future will be 25 years	00:14:47
	for that section.	00:14:52
	The rest of the board, do you have any questions?	00:15:03
	I I feel comfortable voting for it.	00:15:10
	Running on it but.	00:15:12
	I don't.	00:15:13
	I want to make sure the rest of the Council is comfortable.	00:15:14
	That they've had time to.	00:15:18
	To look at it and if they feel comfortable, I'm playing with that.	00:15:21
	OK. How are you doing, Jake? Do you have something?	00:15:25
	Yeah. You know, I know it's been difficult for us to meet with our RDA professionals that help advise me and it's.	00:15:30
	Kind of disappointing that it's gotten to that level.	00:15:35
	To kind of understand it.	00:15:38
	I'd rather not.	00:15:40
	Vote on this right now with everything that.	00:15:42
	Is being looked into.	00:15:44
	And yeah, I think this could wait.	00:15:46
	Josh, what are the?	00:15:51
	Consequences of us pushing this to our next meeting.	00:15:52
	We would not be able to trigger these parcels this year.	00:15:55
	We need to give notice to the county in May.	00:15:58
	Our next meeting on May.	00:16:03
	Could you make it?	00:16:05
	May 1st.	00:16:06
	I had some questions for you, Jake.	00:16:10
	Yeah. When you say that you're having a difficult time meeting with our experts for the RDA, what do you mean?	00:16:12
	I have a group of people that have helped.	00:16:19
	Put together and understand the RDA in the deeper level.	00:16:21
	We've tried to meet with Josh multiple times.	00:16:25
	Have them meet with you. They've sent you emails and letters to get stuff.	00:16:27
	John and Eric has sent you over stuff.	00:16:32
	Sent me stuff or sent Josh stuff?	00:16:36
	I think both of you guys have been sent stuff.	00:16:38
	And I know that.	00:16:41
	Has gone to the state auditor's office and they finally got the information and I I haven't been given the information from the	00:16:42
	state auditor yet so.	00:16:45
	I'm not ready to.	00:16:50
	Vote on anything yet?	00:16:51
	On this SO.	00:16:53
	So I'm not really sure what your.	00:16:55
	Referring to do you? Is there anything that.	00:16:57
	Would help.	00:17:00
	From the emails that maybe you received, that would clarify something here because I feel like we're quite clear on.	00:17:01
	We have an RDA.	00:17:08
	There are parcels.	00:17:10
	That according to our RDA, we do need to trigger.	00:17:12
	We know that.	00:17:15
	The RDA agreements have been done publicly.	00:17:16
	And we are at the point where we need to start putting those in in order to.	00:17:19
	Trigger those increments.	00:17:24
	It seems clear the numbers are before us.	00:17:26
	I feel like.	00:17:29
	Any questions that have come? Do you feel like they've related to the triggering or just the RDA to hold?	00:17:30
	I think more of the RDA generally, ideas of bonding, long term financial.	00:17:37
	Analysis, things like that.	00:17:42
	OK, so council or board, I'm going to.	00:17:43
	Hold on one second.	00:17:47
	I am going to go through and see if each board member feels comfortable outside of this.	00:17:48
	And then?	00:17:53
	We can move forward from there, Marty. You can go ahead and start.	00:17:54
	Oh, I think what?	00:17:57
	And I don't want to put words in Jake's mouth, but I think it's it's more of the fundamental concerns with the RDA as a.	00:18:00
	As a whole.	00:18:06
	I just think the lack of information and having to go to the state auditor's office to get information and they haven't been able	00:18:08
	to turn that over to us at this time.	00:18:12
	To me, and so until that happens, I wouldn't be voting the trigger any type of.	00:18:16
	Increment finances back to the developer, to the RDA, to them, to the developer. Until I understand it correctly. Can you state	00:18:22
	the information that you're looking for?	00:18:26
	Yeah, I think I was just looking through the letter of.	00:18:30
	When you guys were sent emails from John Barrack of getting the dates and times and I can forward them to you after the meeting.	00:18:32
	But yeah, I think.	00:18:40
	Sometimes of what?	00:18:41
	You just mentioned that you hadn't gotten any emails and requests for information.	00:18:43
	Oh, the dates and times of when the emails were sent.	00:18:47
	Yeah, it's you guys requesting. Is there anything that you needed to know?	00:18:50
	The information, yeah, there was an answer question.	00:18:54
	There was a there was a very long detailed.	00:18:57
	Thing about.	00:19:00
	The Taxing Entity committee.	00:19:01
	Information. I mean, it's a massive e-mail, guys.	00:19:03
	Isn't small. This isn't one small request. I don't remember this actually. You came before the public.	00:19:06
	They came and spoke about it. They had an e-mail.	00:19:13
	I do remember this. We talked about it.	00:19:15
	Josh actually answered many of the questions publicly at that time. Maybe.	00:19:18
	I wouldn't characterize it that way, but.	00:19:23
	Yeah, there were some questions.	00:19:25
	And then we talked about finding those dates and times. Were you able to meet with Josh?	00:19:27
	No, he.	00:19:32
	Both times and we still haven't been able to meet you. Got your e-mail on June 13th.	00:19:34
	2024 is the last year.	00:19:39
	And we still haven't gotten an answer on all those detailed things that they're asking. I'm curious how many times you followed up	00:19:41
	after that.	00:19:44
	I think, yeah. So it started in June.	00:19:48
	From June.	00:19:51
	It went.	00:19:52
	To Josh.	00:19:53
	In December 12th.	00:19:55
	On December 12th, it went to.	00:19:59
	Yeah, I have the whole chain.	00:20:03
	And we forwarded it over the state auditor's office. That's great.	00:20:04
	Thank you for sharing that. Is there anything that we can answer tonight for you? I just want to put on the public record that	00:20:08
	we've asked multiple times and I'd rather get it.	00:20:12
	Directly from our RDA director than going to the state auditors to acquire.	00:20:16
	He is right here.	00:20:21
	If there's anything that you need to know tonight.	00:20:22
	We might be able to answer it.	00:20:25
	Yeah, triggering the.	00:20:27
	Triggering it.	00:20:28
	I just think that we could work in a better way.	00:20:30
	Than having to be stood up multiple times on the questions we're asking. We're being kind.	00:20:33
	That means I'm going to.	00:20:40
	I'm going to stop that conversation. Thank you for sharing that you.	00:20:43
	And and articulating it to us so that we can.	00:20:47
	Go back and look through and make sure that you get the information that you need.	00:20:50
	When you need it.	00:20:54
	As we've stated, we really want you to have.	00:20:56
	Everything that you need.	00:20:58
	Right now is an opportunity.	00:21:00
	For you to state some of the things that you need that we could discuss publicly.	00:21:02
	Let's get a heart appointment right now on on the day.	00:21:06
	To go through everything and.	00:21:09
	Because we are.	00:21:11
	In the middle of an active vote.	00:21:12
	That needs to be done.	00:21:14
	If there's something that you could know tonight, are you telling me that none of this would?	00:21:16
	Hope you make a decision tonight.	00:21:20
	OK. Thank you for sharing that.	00:21:22
	Brett, do you have anything?	00:21:24
	Just a.	00:21:26
	Clarification.	00:21:28
	Based on everything that I've heard tonight, if we.	00:21:29
	Do not approve this tonight.	00:21:32
	We are putting ourselves at risk of.	00:21:34
	Penalties.	00:21:36
	In our ability to pay back on.	00:21:37
	Development agreements that are already in place.	00:21:41
	Is that true?	00:21:43
	Yeah, that's correct.	00:21:44
	OK, so so if we do not approve this.	00:21:44
	We're putting.	00:21:48
	The RDA and the city at risk.	00:21:49
	Yeah, I'd say that's accurate. You're going to incur additional interest charges in the near future.	00:21:51
	As you're not able to make.	00:21:56
	Larger payments of reimbursement for previous development work.	00:21:58
	Yeah, that's all I have.	00:22:03
	OK. But outside of that, you feel really comfortable with this, you've read through it, OK.	00:22:04
	Sarah OK, then I need a motion.	00:22:09
	I can I move to adopt resolution U20?	00:22:14
	20 Sorry, 2025-02 as presented.	00:22:18
	All right, I have a first time Marty. Can I get a second?	00:22:22
	2nd.	00:22:25
	Thank you, Sarah.	00:22:26
	This is going to be done by roll call Jake.	00:22:27
	No.	00:22:30
	All right, Brett.	00:22:31
	Aye, aye, Marty.	00:22:32
	Yes, and Sarah.	00:22:34
	Yes, alright.	00:22:35
	And therefore I have something I wanted to bring up.	00:22:37
	I had been talking to a resident.	00:22:40
	It's actually a previous council member, Chris Grad.	00:22:44
	And and this right here kind of is a good example of.	00:22:46
	An idea he has that.	00:22:51
	Maybe it would be worth looking at the restructuring of the RDA board.	00:22:53
	And I wanted to see if it was something that the council has an appetite for and see if we can get it on a future.	00:22:58
	Agenda, but basically.	00:23:05
	Some of the.	00:23:07
	Some of the reasoning behind it from my understanding.	00:23:08
	Is that?	00:23:11
	When council comes in and doesn't feel like they have all the information or the experience to be able to handle.	00:23:14
	A financial entity this.	00:23:21
	I think sometimes we.	00:23:23
	I think we're put at a disadvantage and so I think it would be healthy to look to see if we maybe want to have the RDA board be.	00:23:26
	Maybe partially the council and partially financial someone in the community that has financial expertise.	00:23:35
	I think it would create better checks and balances. I think that it would be.	00:23:42
	Just maybe a healthier format.	00:23:45
	For, especially with.	00:23:47
	Just with such.	00:23:50
	Big amounts of money on these agendas so.	00:23:52
	I was wondering if the rest of the Council is interested in looking into it.	00:23:55
	Or if we I would be happy to put it on an agenda and have our council look at it.	00:23:58
	Awesome, yeah.	00:24:04
	OK, everybody, Yeah, I think that's wise and getting.	00:24:05
	Researchers but.	00:24:10
	I mean, the things that we've been asking for are really basic of just all of the documents for the taxing entity committee who is	00:24:11
	on it from Alpine School District.	00:24:16
	Who is on it from the county? Who is on it from all five of those?	00:24:20
	Being able to meet with those people, being able to understand why.	00:24:24
	This was extended from 25 years to 50.	00:24:28
	When those votes pub.	00:24:31
	Happen. We don't have any record of this, of the RDA being extended on those votes, on the documents of that.	00:24:33
	That the Rda's.	00:24:40
	Half of our or close to half?	00:24:41
	Of our entire city.	00:24:44
	And in terms of a lower rate, I know we lock it in at this lower rate and then it gets distributed and the newer rate.	00:24:46
	You know, we don't need to believe at that point.	00:24:53
	But for.	00:24:56
	Vineyard City residents to not even understand that that happened a year ago and there's no record of that, and a year ago I've	00:24:57
	asked for the documents of that and had to go to the state.	00:25:03
	Auditor to say.	00:25:08
	I am on the governing board and I am not given this information.	00:25:10
	Is annoying.	00:25:14
	Well, we definitely have record of it because right next to you PAMS right here.	00:25:16
	There are no votes of the record of extending it from 25 years to 50.	00:25:21
	There was in the grammar request.	00:25:27
	Well, the county doesn't have it. The school district doesn't have it.	00:25:28
	It wasn't in the grandma.	00:25:33
	So you grandma the city and you didn't get it, is what you're saying? Yeah, I looked through. I didn't personally, but I we looked	00:25:34
	through all the grammar documents from all it all. OK, so you did not grandma the city. You looked through the grandma document. I	00:25:39
	believe the city was grounded as well.	00:25:44
	Yeah.	00:25:49
	You. You can. Was it the city grandma?	00:25:49
	Grammy, you grandma, us.	00:25:53
	I mean, I'm looking at the grammar documents now.	00:25:57
	Listen, I'm I am actually going through.	00:25:59
	I mean, unless the rest of the board feels this is an important conversation for tonight, I I will say this.	00:26:02
	You are making a claim that.	00:26:09
	You were not answered.	00:26:12
	That you put in a request.	00:26:14
	That the documents were not made available to you.	00:26:16
	I will go back and find out.	00:26:19
	If that is the case.	00:26:22
	And also.	00:26:24
	How to make the process better?	00:26:25
	If that was the case, especially as I mentioned before, we want you to have everything in order to make good decisions.	00:26:27
	And we will, like we met with the auditor the other day, come up with a great plan.	00:26:35
	To make sure that.	00:26:39
	Your understanding?	00:26:42
	How to request it and we are managing your expectations clearly so.	00:26:44
	With that, I'm going to adjourn this meeting. We'll take 10 minutes and then we'll switch over to the other meeting. Thank you.	00:26:49