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Call to Order Chair Fullmer opened the meeting at 6:02 Pm. City Manager Jacob McHargue gave the invocation and led the Pledge of Allegiance.    2.
Determination Letter: Chair Fullmer read the determination letter.   3.
CONSENTAGENDA 3.1.   Approval of the January 27, 2021 RDA Meeting Minutes   Chair Fullmer called for a motion.       Motion:Boardmember Judd moved to approve consent item 3.1. Boardmember Earnest seconded the motion. Chair Fullmer, Boardmembers Earnest, Flake, Judd, and Welsh voted aye. The motion carried unanimously.     4.      business items 4.1
Discussion and Action – Super Parameters Resolution U2021-01 Consideration for adoption of a resolution authorizing the issuance and sale of not more than $80,000,000 aggregate principal amount of Tax Increment Revenue and Refunding Bonds, Series 2021; and related matters.   Chair Fullmer turned the time over to City Manager Jacob McHargue. Mr. McHargue gave a brief background on why the RDA wanted to refund the bond obligations and refund the Waters Edge debt and finance some future projects. He said that staff was proposing to do this through Public Offerings. He explained that the RDA had to approve a Super Parameters Resolution, which would set the guidelines and limits for what negotiations they could do. He mentioned that they would appoint a pricing committee to work with Lewis Young Robertson and Burningham (Lewis Young). Laura Lewis with Lewis Young explained how the bonds could be purchased, either through direct purchase, where one organization purchases the entire package, or a public offering, which was what they thought they would end up with. She mentioned that public offerings would add an additional burden to staff. She reviewed the documents and the process that would be included with a public offering. David Robertson with Lewis Young mentioned that they would need to identify the projects they would like to finance.  Chair Fullmer called for questions from the board. There was a discussion about how the bond market worked. Chair Fullmer called for further comments. Mr. McHargue explained that he had included those members in the suggested motion found in the Zoom chat feature. Chair Fullmer reminded the board that they had discussed earlier who would be on the pricing committee.   Motion:Boardmember Welsh moved to adopt resolution U2021-01 and to appoint Mariah Hill, Jacob McHargue, Julie Fullmer and Chris Judd as the designated officers of the pricing committee.Boardmember Earnest seconded the motion. Roll call went as follows: Chair Fullmer, Boardmembers Earnest, Flake, Judd, and Welsh voted aye. The motion carried unanimously.   4.2
discussion and action – Udot Consultant Services City Manager Jacob McHargue will present the UDOT Consultants Services Local Government Approval Memo. The RDA Board will take appropriate action.  Chair Fullmer turned the time over to City Manager Jacob McHargue. Mr. McHargue explained that this was the first part of the contract that the Utah Department of Transportation (UDOT) would sign with CRS Consulting Engineers for the rail spur project's preliminary engineering design. He said that the cost would be about $1,235,214.31. He explained that this design would allow them to send the project out to bid. He said that they estimated the entire project to cost about $20 million, including a 25 percent contingency.  Boardmember Earnest asked about the timeline to begin the project. Mr. McHargue replied that they anticipated having the final contract ready for approval at the next RDA meeting. He explained that they would construct the new spur line, and once that was approved by Union Pacific Railroad (UP), UP would remove the old spur. Chair Fullmer explained that the timeline would begin as soon as they signed the contract.  Boardmember Judd asked if they had a breakdown of the costs plus fee. Mr. McHargue replied that they understood that this was the total cost the RDA had to pay.  He felt that they would be held responsible for additional costs. Public Works Director/City Engineer Don Overson explained that the cost was the preliminary cost, and plus fee would be what it would cost to complete the design.Chair Fullmer called for additional questions. Hearing none, she called for a motion. Motion:Boardmember Judd moved to authorize City Manager Jacob McHargue to sign the local government approval memorandum for the contract as stipulated or the $1,235,214.31. Boardmember Flake seconded the motion.Chair Fullmer, Boardmembers Earnest, Flake, Judd, and Welsh voted aye. The motion carried unanimously.    4.3
Discussion and Action – Train Station Panel Design City Planner Briam Amaya Perez will present the designs for the Train station panels. The RDA Board will take appropriate action. (This item was continued from the January 13, 2021 RDA Meeting.)   Chair Fullmer explained that a landowner had requested to submit additional photos for consideration. She called for a motion to continue the item.   Boardmember Judd asked about the required quality or resolution of the photos. He felt that they should exclude any images that were not high enough quality. Community Development Directory Morgan Brim replied that there was a minimum resolution required and that they would exclude any blurry photos.  Motion:Boardmember Judd moved to continue item 4.3 to the next RDA meeting.Boardmember Earnest seconded the motion. Chair Fullmer, Boardmembers Earnest, Flake, Judd, and Welsh voted aye. The motion carried unanimously.     5.      ADJOURNMENTChair Fullmer called for a motion to adjourn the meeting. Motion:Boardmember Flake moved to adjourn the meeting at 6:29 PM. Boardmember Earnest seconded the motion. Chair Fullmer, Boardmembers Earnest, Flake, Judd, and Welsh voted aye. The motion carried unanimously.     RDA meetings are scheduled as necessary.     MINUTES APPROVED ON:   May 12, 2021   CERTIFIED CORRECT BY:    /s/ Pamela Spencer Pamela spencer, city recorder

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