Public Notice is hereby given that the Millcreek Community Reinvestment Agency (the “Agency”) will hold a public hearing on Monday, November 26, 2018, commencing at 7:30 p.m. or as soon thereafter as the City Council meeting is completed, at the Millcreek City Hall Annex (south end of parking lot), located at 3330 South 1300 East, Millcreek, UT. The hearing will also be continued on Monday, January 14, 2019 at Millcreek City Hall commencing at 7:30 p.m. or as soon thereafter as the City Council meeting is completed. The purpose of the public hearing is to accept public comment on a draft project area plan and budget for the proposed Millcreek Center Community Reinvestment Area (the “CRA”). The draft project area plan provides for the agency to receive tax increment. Property tax revenues resulting from an increase in valuation of property within the project area or proposed project area will be paid to the Agency for project area development rather than to the taxing entity to which the tax revenues would otherwise have been paid, if the proposed project area is created and the use of tax increment is approved by either a taxing entity committee representing all the taxing entities within the project area, or by interlocal cooperation agreement with one or more of those taxing entities.

The Agency has requested $24,169,487 in property tax revenues that will be generated by development within the proposed CRA to fund a portion of project costs within the proposed project area. These property tax revenues will be used for any authorized purpose provided under applicable law and in the plan and budget. These property tax revenues will be used for the following:

Uses Total Redevelopment Activities $20,544,064 CRA Housing Requirement 2,416,949 Project Area Administration 1,208,474 Total Uses of Tax Increment Funds $24,169,487

These property taxes will be taxes levied by the following governmental entities, and, assuming current tax rates, the taxes paid to the agency for this project area from each taxing entity will be as follows:

Entity Total Salt Lake County $3,269,420 Salt Lake County Library 902,521 12,628,839 Millcreek City 3,248,431 South Salt Lake Valley Mosquito Abatement District 24,218 Mt. Olympus Improvement District 450,453 Central Water Conservancy District 645,811 Unified Fire Service Area 2,999,793 Total Tax Increment Paid to Agency $24,169,487

All the property taxes to be paid to the agency for the development in the project area are taxes that will be generated only if the project area is developed. All persons interested, and present will be given an opportunity to be heard in this matter. Prior to the date of the public hearing, written comments may also be submitted to the Agency. All concerned citizens are invited to attend the hearing. Any person objecting to the proposed Project Area plan and budget or contesting the regularity of any of the proceedings to adopt the proposed plan and budget, may appear before the board at the hearing to show cause why the proposed plan and budget should not be adopted. The proposed draft project area plan and budget are available for public inspection at Millcreek City Hall. Any person may request that a copy of the boundary description of the proposed project area be sent at no cost to the person by mail, email, or by calling this number: (801) 214-2700. A copy of each project area boundary description is also available at the following internet address: millcreek.us. In accordance with the Americans with Disabilities Act, people with disabilities may make requests for reasonable accommodation, which may include alternate formats, interpreters, and other auxiliary aids and services. Please make requests at least three business days in advance. To make a request, please contact the Agency by phone at (801) 214-2700. Millcreek Community Reinvestment Agency Millcreek Center CRA H.1: General Government Expenditures

Assessed Value Total General Expenditure / of Taxing Entity Expenditures Budget Assessed General Government (2017) (2017) Value Salt Lake County 98,782,768,971 42,674,443 0.00043 Granite School District 26,929,034,844 571,159,707 0.02121 South Salt Lake Valley Mosquito Abatement District 66,829,316,452 1,198,539 0.00002 Mt. Olympus Improvement District 9,911,690,501 8,435,916 0.00085 Central Utah Water Conservancy District 98,782,768,971 52,200,000 0.00053 Unified Fire Service Area 22,504,187,078 47,874,049 0.00213 Total 723,542,654

Analysis Window 1 1 1 General Government 2020 2021 2022 Salt Lake County $ 1,057 $ 2,196 $ 2,473 Granite School District $ 3,461 $ 7,189 $ 8,096 South Salt Lake Valley Mosquito Abatement District $ 15 $ 30 $ 34 Mt. Olympus Improvement District $ 694 $ 1,442 $ 1,624 Central Utah Water Conservancy District $ 431 $ 896 $ 1,009 Unified Fire Service Area $ 1,736 $ 3,605 $ 4,060 Total $ 7,394 $ 15,358 $ 17,296

General Government Expenditure $ 777,565 Adjusted Expenditure / Fixed vs. Variable Assessed Ratio Value 15% 0.00004 1% 0.00014 5% 0.00000 5% 0.00003 5% 0.00002 5% 0.00007

1 1 1 1 1 1 2023 2024 2025 2026 2027 2028 $ 2,927 $ 3,357 $ 3,839 $ 4,227 $ 4,636 $ 5,078 $ 9,580 $ 10,986 $ 12,565 $ 13,834 $ 15,175 $ 16,619 $ 41 $ 46 $ 53 $ 58 $ 64 $ 70 $ 1,922 $ 2,204 $ 2,521 $ 2,776 $ 3,045 $ 3,334 $ 1,193 $ 1,369 $ 1,565 $ 1,723 $ 1,890 $ 2,070 $ 4,804 $ 5,510 $ 6,302 $ 6,938 $ 7,610 $ 8,335 $ 20,467 $ 23,472 $ 26,845 $ 29,557 $ 32,421 $ 35,506 1 1 1 1 1 2029 2030 2031 2032 2033 $ 5,570 $ 6,209 $ 6,753 $ 7,325 $ 7,472 $ 18,232 $ 20,321 $ 22,102 $ 23,976 $ 24,456 $ 77 $ 86 $ 93 $ 101 $ 103 $ 3,658 $ 4,077 $ 4,435 $ 4,811 $ 4,907 $ 2,271 $ 2,531 $ 2,753 $ 2,987 $ 3,047 $ 9,143 $ 10,191 $ 11,084 $ 12,024 $ 12,265 $ 38,951 $ 43,415 $ 47,221 $ 51,225 $ 52,249 1 1 1 1 1 2034 2035 2036 2037 2038 $ 7,621 $ 7,774 $ 7,929 $ 8,088 $ 8,249 $ 24,945 $ 25,444 $ 25,953 $ 26,472 $ 27,001 $ 105 $ 108 $ 110 $ 112 $ 114 $ 5,005 $ 5,105 $ 5,207 $ 5,311 $ 5,418 $ 3,107 $ 3,170 $ 3,233 $ 3,298 $ 3,364 $ 12,510 $ 12,760 $ 13,015 $ 13,276 $ 13,541 $ 53,294 $ 54,360 $ 55,447 $ 56,556 $ 57,687

ASSUMPTIONS: Inflation (CCI) Equalization Ratio (commercial vs. residential) Discount Rate

470007 1 2039 Total NPV @ 4% $ 8,414 $ 111,194 $ 68,637 $ 27,541 363,950 224,655 $ 116 1,539 950 $ 5,526 73,023 45,075 $ 3,431 45,338 27,986 $ 13,812 182,521 112,664 $ 58,841 $ 777,565 $ 479,966 629,126 2018 1,406,691 2.0% 65% 4.00%

DRAFT PROJECT AREA PLAN

MILLCREEK CENTER COMMUNITY REINVESTMENT AREA (CRA)

MILLCREEK COMMUNITY REINVESTMENT AGENCY, UTAH

OCTOBER 2018

Table of Contents TABLE OF CONTENTS ...... 2 DEFINITIONS ...... 3 INTRODUCTION ...... 5 DESCRIPTION OF THE BOUNDARIES OF THE PROPOSED PROJECT AREA ...... 6 GENERAL STATEMENT OF LAND USES, LAYOUT OF PRINCIPAL STREETS, POPULATION DENSITIES, BUILDING DENSITIES AND HOW THEY WILL BE AFFECTED BY THE PROJECT AREA ...... 6 STANDARDS GUIDING THE COMMUNITY REINVESTMENT ...... 7 HOW THE PURPOSES OF THIS TITLE WILL BE ATTAINED BY PROJECT AREA DEVELOPMENT ...... 7 CONFORMANCE OF THE PROPOSED DEVELOPMENT TO THE COMMUNITY'S GENERAL PLAN ...... 7 DESCRIBE ANY SPECIFIC PROJECT OR PROJECTS THAT ARE THE OBJECT OF THE PROPOSED COMMUNITY REINVESTMENT .. 8 HOW THE AGENCY PLANS TO SELECT A PARTICIPANT ...... 8 REASON FOR SELECTION OF THE PROJECT AREA ...... 8 DESCRIPTION OF PHYSICAL, SOCIAL AND ECONOMIC CONDITIONS EXISTING IN THE PROJECT AREA ...... 8 DESCRIPTION OF ANY FINANCIAL ASSISTANCE THAT THE AGENCY ANTICIPATES OFFERING A PARTICIPANT ...... 9 ANTICIPATED PUBLIC BENEFIT TO BE DERIVED FROM THE COMMUNITY DEVELOPMENT ...... 9 EXHIBIT A: LEGAL DESCRIPTION OF FARM MEADOWS CRA ...... 11 EXHIBIT B: PROJECT AREA MAP ...... 13 EXHIBIT B: PARCEL LIST...... 14

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Definitions

As used in this Community Reinvestment Project Area Plan, the term:

"Act" shall mean and include the Limited Purpose Local Government Entities – Community Reinvestment Agency Act in Title 17C, Chapters 1 through 5, Utah Code Annotated 1953, as amended, or such other amendments as shall from time to time be enacted or any successor or replacement law or act.

“Agency” shall mean the Millcreek Community Reinvestment Agency, which is a separate body corporate and politic created by the City pursuant to the Act.

"Base taxable value" shall mean the agreed value specified in a resolution or interlocal agreement under Subsection 17C-1-102(8) from which tax increment will be collected.

“Base year” shall mean the agreed upon year for which the base taxable value is established and shall be incorporated into the interlocal agreements with participating taxing entities.

“Blight” shall mean the condition of an area that meets the requirements described in Subsection 17C- 5-405.

“City” or “Community” shall mean Millcreek City.

“Legislative body” shall mean the City Council of Millcreek City, which is the legislative body of the City.

“Plan Hearing” shall mean the public hearing on the draft Project Area Plan required under Subsection 17C-1-102 (41) and 17C-5-104(3)(e).

“Project Area” shall mean the geographic area described in the Project Area Plan or draft Project Area Plan where the community reinvestment set forth in this Project Area Plan or draft Project Area Plan takes place or is proposed to take place (Exhibit A & Exhibit B).

“Net Present Value (NPV)” shall mean the discounted value of a cash flow. The NPV illustrates the total value of a stream of revenue over several years in today’s dollars.

“Project Area Budget” shall mean (as further described under 17-C-5-303 of the Act) the multi-year projection of annual or cumulative revenues, other expenses and other fiscal matters pertaining to the Project Area that includes:

the base taxable value of property in the Project Area;

the projected tax increment expected to be generated within the Project Area;

the amount of tax increment expected to be shared with other taxing entities;

the amount of tax increment expected to be used to implement the Project Area plan;

if the area from which tax increment is to be collected is less than the entire Project Area:

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• the tax identification number of the parcels from which tax increment will be collected; or

• a legal description of the portion of the Project Area from which tax increment will be collected; and

for property that the Agency owns and expects to sell, the expected total cost of the property to the Agency and the expected selling price.

“Project Area Plan” or “Plan” shall mean the written plan (outlined by 17C-5-105 of the Act) that, after its effective date, guides and controls the community reinvestment activities within the Project Area. Project Area Plan refers to this document and all the attachments to this document, which attachments are incorporated by this reference. It is anticipated that the collection of tax increment to fund the MILLCREEK CENTER PLAN will be subject to a taxing entity committee within the Project Area.

“Taxes” includes all levies on an ad valorem basis upon land, local and centrally assessed real property, personal property, or any other property, tangible or intangible.

“Taxing Entity” shall mean any public entity that levies a tax on any property within the Project Area.

“Tax Increment” is as defined by the Act, but in general shall mean the difference between the amount of property tax revenues generated each tax year by all taxing entities from the Project Area using the current assessed value of the property and the amount of property tax revenues that would be generated from the same area using the base taxable value of the property.

“Tax Increment Period” shall mean the period in which the taxing entities from the Project Area consent that a portion of their tax increment from the Project Area be used to fund the objectives outlined in the Project Area Plan.

“Tax Year” shall mean the 12-month period between sequential tax roll equalizations (November 1st - October 31st) of the following year, e.g., the November 1, 2017 - October 31, 2018 tax year.

To the extent of the foregoing terms are defined by the Act or other applicable statutory law, the definitions set forth in this document are supplemental to those statutory definitions and are intended as clarifications only.

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Introduction

The Millcreek Community Reinvestment Agency (the “Agency”), following thorough consideration of the needs and desires of Millcreek City (the “City”) and its residents, as well as the City’s capacity for new development, has carefully crafted this draft Project Area Plan (the “Plan”) for the Millcreek Center Community Reinvestment Project Area (the “Project Area”). This Plan is the result of a comprehensive evaluation of the types of appropriate land-uses and economic development for the land encompassed by the Project Area which includes land along both sides of 3300 South, between 900 East to the west and Highland Drive to the east. The Plan is intended to define the method and means of the Project Area from its current state to a higher and better use.

The City has determined it is in the best interest of its citizens to assist in the redevelopment of the Project Area. It is the purpose of this Plan to clearly set forth the aims and objectives of development, scope, financing mechanism, and value to the residents of the City and other taxing entities within the Project Area.

The Project Area is being created to assist with the creation of a downtown within the City. The Millcreek City Center is envisioned as a remarkable and unique walkable mixed-use lifestyle center that serves as an amenity and central gathering place for the City and its residents.

The Project Area is being undertaken as a community reinvestment project area pursuant to certain provisions of Chapters 1 and 5 of the Utah Limited Purpose Local Governmental Entities -- Community Reinvestment Agency Act (the “Act”, Utah Code Annotated (“UCA”) Title 17C). The requirements of the Act, including notice and hearing obligations, have always been observed throughout the establishment of the Project Area. The realization of the Plan through tax increment funding is subject to a taxing entity committee.

Development within the Project Area will help eliminate or reduce blight by providing needed public improvements, encouraging rehabilitation and repair of deteriorated structures, facilitating land assembly and redevelopment which will result in employment opportunities and an expanded tax base; and by promoting redevelopment in accordance with applicable land use controls. This plan will guide and control the community reinvestment undertakings of the Project Area. Resolution Authorizing the Preparation of a Draft Community Reinvestment Project Area Plan Pursuant to the provisions of §17C-5-103 of the Act, the governing body of the Agency adopted a survey resolution authorizing the preparation of a draft Community Reinvestment Project Area Plan on May 14, 2018.

Recitals of Prerequisites for Adopting a Community Utah Code §17C-5-104 Reinvestment Project Area Plan To adopt a community reinvestment project area plan, the Agency shall;

Pursuant to the provisions of §17C-5-104(1)(a) and (b) of the Act, the City has a planning commission and general plan as required by law;

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Pursuant to the provisions of §17C-5-104 of the Act, the Agency has conducted or will conduct one or more public hearings for informing the public about the Project Area, and allowing public input into the Agency’s deliberations and considerations regarding the Project Area; and

• Pursuant to the provisions of §17C-5-104 of the Act, the Agency has allowed opportunity for input on the draft Project Area Plan and has made a draft Project Area Plan available to the public at the Agency’s offices during normal business hours, provided notice of the plan hearing, sent copies of the draft Project Area Plan to all required entities prior to the hearing, and provided opportunities for affected entities to provide feedback.

Description of the Boundaries of the Proposed Project UTAH CODE §17C-5-105(1) Area

A legal description of the Project Area along with a detailed map of the Project Area is attached respectively as Exhibit A and Exhibit B and incorporated herein. The Project Area includes parcels along both sides of 3300 South, between 900 East to the west and Highland Drive to the east.

As delineated in the office of the Salt Lake County Recorder, the Project Area encompasses all the parcels detailed in Exhibit C.

General Statement of Land Uses, Layout of Principal UTAH CODE §17C-5-105(2) Streets, Population Densities, Building Densities and How They Will be Affected by the Project Area General Land Uses The property within the Project Area is currently zoned for commercial and residential uses. This Project Area Plan is consistent with the General Plan of the City. Any zoning change, amendment or conditional use permit necessary to the successful development contemplated by this Project Area Plan shall be undertaken in accordance with the requirements of the City’s Code and all other applicable laws including all goals and objectives in the City’s General Plan. Layout of Principal Streets There are numerous public streets within the Project Area. These streets are outlined in the attached map in Exhibit A. Population Densities There are 268 residences within the Project Area, including multiple apartments, duplexes & other multi- family housing complexes. The average household size within Salt Lake County is 2.97. Therefore, it is estimated that there is a population of approximately 795 within the Project Area, or 4.85 persons per acre. It is anticipated that the Project Area development will increase the population size within the Project Area. Building Densities There are currently 442 buildings within the Project Area. It is anticipated that the redevelopment of the Project Area will result in additional buildings and increased density within the City Center.

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Impact of Community Reinvestment on Land Use, Layout of Principal Streets, and Population Densities Community reinvestment activities within the Project Area will mostly consist of redevelopment of underutilized areas.

Land Use – It is anticipated that future development within the Project Area will include: residential, commercial, office and public gathering space

Layout of Principal Streets – It is anticipated that the community reinvestment of the Project Area will not alter the layout of the principal streets in the area. Future Development may include altering secondary streets and constructing new streets.

Population Densities –The Project Area will include residential development; therefore, the population density will increase within the Project Area.

UTAH CODE §17C-5-105(3) Standards Guiding the Community Reinvestment

To provide maximum flexibility in the development and economic promotion of the Project Area, and to encourage and obtain the highest quality in development and design, specific development controls for the uses identified above are not set forth herein. Each development proposal in the Project Area will be subject to appropriate elements of the City’s proposed General Plan; the Zoning Ordinance of the City, including adopted Design Guidelines pertaining to the area; institutional controls, deed restrictions if the property is acquired and resold by the Agency, other applicable building codes and ordinances of the City; and, as required by ordinance and agreement, review and recommendations of the Planning Commission and approval by the Agency.

Each development proposal by an owner, tenant, participant or a developer shall be accompanied by site plans, development data and other appropriate material that clearly describes the extent of proposed development, including land coverage, setbacks, height and massing of buildings, off-street parking and loading, use of public transportation, and any other data determined to be necessary or requested by the Agency or the City.

UTAH CODE How the Purposes of this Title Will Be Attained By §17C-5-105(4) Project Area Development

It is the intent of the Agency, with the assistance and participation of private developers and property owners, to facilitate the development within the Project Area

Conformance of the Proposed Development to the UTAH CODE §17C-5-105(5) Community's General Plan

The proposed Community Reinvestment Project Area Plan and the development contemplated are consistent with the City’s proposed General Plan and land use regulations.

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Describe any Specific Project or Projects that are the object of the Proposed Community Reinvestment UTAH CODE §17C-5-105(7) The Project Area is being created to assist with the creation of a downtown within the City. The Millcreek City Center is envisioned as a remarkable and unique walkable mixed-use lifestyle center that serves as an amenity and central gathering place for the City and its residents. The Project Area will include residential, office, commercial & public gathering spaces. The city center area is envisioned as a place where mixed use buildings will rise between four and seven stories, with the potential for a flagship mixed use building rising 15 stories.

UTAH CODE How the Agency Plans to Select a Participant §17C-5-105(8) The City and Agency will select or approve such development as solicited or presented to the Agency and City that meets the development objectives set forth in this plan. The City and Agency retain the right to approve or reject any such development plan(s) that in their judgment do not meet the development intent for the Project Area. The City and Agency may choose to solicit development through an RFP or RFQ process, through targeted solicitation to specific industries, from inquiries to the City, EDC Utah, and/or from other such references.

The City and Agency will ensure that all development conforms to this plan and is approved by the City. All potential developers may need to provide a detailed development plan including sufficient financial information to provide the City and Agency with confidence in the sustainability of the development and the developer. Such a review may include a series of studies and reviews including reviews of the Developers financial statements, third-party verification of benefit of the development to the City, appraisal reports, etc.

Any participation between the Agency and developers and property owners shall be by an approved agreement.

UTAH CODE Reason for Selection of the Project Area §17C-5-105(9) As Utah’s newest city, Millcreek currently lacks a central downtown area. City residents, leaders & other key stakeholders have identified the Project Area as the future site of the City’s downtown center. Much of the Project Area is currently underutilized and has suffered from a lack of investment over the last few decades. With tax increment, the City and Agency believe the Project Area will serve as an amenity and central gathering space for the whole City and will serve as an engine of population and tax base for the City.

UTAH CODE Description of Physical, Social and Economic §17C-5-105(10) Conditions Existing in the Project Area

Physical Conditions The Project Area consists of approximately 164 acres of relatively flat, privately and publicly owned land as shown on the Project Area map.

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Social Conditions There are currently 268 residential units within the Project Area. There are currently no parks or other social gathering spaces within the Project Area Economic Conditions The Agency wants to encourage upgrades and improvements within the Project Area that will directly benefit the existing economic base of the City.

Description of any Financial Assistance that the UTAH CODE §17C-5-105(11) Agency Anticipates Offering a Participant

Tax increment arising from the development within the Project Area shall be used for public infrastructure improvements, Agency requested improvements and upgrades, on-site improvements, desirable Project Area improvements, land assemblage, and other items as approved by the Agency. Subject to provisions of the Act, the Agency may agree to pay for eligible costs and other items from taxes during the tax increment period which the Agency deems to be appropriate under the circumstances.

In general, tax incentives may be offered to achieve the community development goals and objectives of this plan, specifically to:

Foster and accelerate economic development; Stimulate job development; Promote the use of transit and the walkability of the area; Make needed infrastructure improvements to roads, street lighting, water, storm water, sewer, and parks and open space; Assist with property acquisition and/or land assembly; and Provide attractive development for high-quality tenants.

The Project Area Budget will include specific participation percentages and timeframes for each taxing entity.

UTAH CODE §17C-5-105(12) Anticipated Public Benefit to be Derived from the Community Development

The Beneficial Influences upon the Tax Base of the Community The beneficial influences upon the tax base of the City and the other taxing entities will include increased property tax revenues, job growth, and affordable housing opportunities in the community. The increased revenues will come from the property values associated with new construction in the area.

Job growth in the Project Area will result in increased wages, increasing local purchases and benefiting existing businesses in the area. Job growth will also result in increased income taxes paid. Additionally, business growth will generate corporate income taxes.

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There will also be a beneficial impact on the community through increased construction activity within the Project Area. Positive impacts will be felt through construction wages paid, as well as construction supplies purchased locally.

“But For” Analysis “But-for” the creation of the CRA and public participation, the costs associated with creating a city center, including: land assemblage, parking structures, site improvements, etc. will be too high and the land within the Project Area will remain in its current state.

Cost/Benefit Analysis Based on the land use assumptions and tax increment participation levels, the following tables outline the benefits anticipated in the Project Area. As shown below, the proposed community reinvestment will create a net benefit to the City and the other taxing entities that participate in the Project Area.

TABLE 1: PROJECT AREA REVENUES Total Entity Property Tax Sales Tax Revenues Salt Lake County (Including Library) $5,214,926 $3,099,993 $8,314,919 Granite School District 15,786,049 - 15,786,049 Millcreek City 4,060,538 $1,771,425 5,831,963 South Salt Lake Valley Mosquito Abatement 30,272 - 30,272 District Mt. Olympus Improvement District 563,067 - 563,067 Central Utah Water Conservancy District 807,264 - 807,264 Unified Fire Service Area 3,749,742 - 3,749,742 Total Revenues $30,211,858 $4,871,418 $30,211,858

TABLE 2: PROJECT AREA EXPENDITURES General Total Entity CRA Budget Public Works Public Safety Government Expenditures Salt Lake County (Including Library) $4,171,941 $111,194 - - $4,283,135 Granite School District 12,628,839 363,950 - - 12,992,789 Millcreek City 3,248,431 629,126 529,741 954,658 5,361,956 South Salt Lake Valley Mosquito 24,218 1,539 - - 25,757 Abatement District Mt. Olympus Improvement District 450,453 73,023 - - 523,476 Central Utah Water Conservancy District 645,811 45,338 - - 691,149 Unified Fire Service Area 2,999,793 182,521 - - 3,182,314 Total Expenditures $24,169,487 $1,406,691 $529,741 $954,658 $27,060,576

The total net benefit to the taxing entities of participating in the Project Area is $8,022,700, with the City’s net benefit being $470,007.

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EXHIBIT A: Legal Description of Millcreek Center CRA

That Area of Millcreek, A Municipal Corporation to be known as the Millcreek Center Community Reinvestment Agency located in the Southwest, Southeast, and Northeast Quarters of Section 29, the West Half of Section 28, and the Northwest Quarter of Section 33, Township 1 South, Range 1 East, Salt Lake Base and Meridian, also being located in Blocks 21-23, 28, and 27 of the Ten Acre Plat “A” Big Field Survey. Said Community Reinvestment Agency is further described as follows:

Beginning at the North right of way line of 3370 South Street and the East right of way line of 900 East Street, said point being located 496 feet South of the Northwest corner of Lot 9, Block 21 of said Ten Acre Plat “A”; thence North along said East right of way line 1052 feet, more, or less, to the Northwest corner of the property described in that Quit Claim Deed recorded in Book 10261, at Page 8754; thence Easterly along the North boundary of said property 363 feet, more, or less, to the West right of way of Lincoln Street; thence South along said right of way 79.94 feet, more, or less; thence East along the South boundary of The Aspens Condominiums as depicted on that Plat recorded in Book 96, at Page 345, 193 feet, more, or less, and North along the East boundary of said Condominiums 17.8 feet, more, or less, to the Southwest corner of the property described in that Warranty Deed recorded in Book 6772, at Page 75; thence East along the South boundary of said property and extension thereof 226.5 feet, more, or less, to the East right of way line 1000 East Street; thence North along said right of way 315 feet, more, or less, to the North right of way line of Riches Avenue; thence East along said right of way 365 feet, more, or less, to the Millcreek/ boundary as depicted on that Final Local Entity Plat recorded in Book 2016, at Page 344; thence Easterly along said boundary 11,920 feet, more, or less, to the intersection of the northerly extension of the Easterly right of way of Mountair Drive and the North right of way of 3010 South Street; thence Southerly along said extension, and Easterly right of way of Mountair Drive 1057.33 feet, more, or less, to the Southerly right of way of Crescent Drive; thence Easterly 70.25 feet, more, or less, along said right of way and continuing Southerly along the Westerly right of way of 3150 South Street 183.68 feet, more, or less, to the Northeast corner of lot 336 in the Mountair Acres Addition No.7 Subdivision recorded in Book K, at Page 12; thence S. 79°40’00” W. 97.96 feet to the Northwest corner of said lot and said Subdivision boundary; thence the following two (2) courses along said boundary; 1). South 159.00 feet; 2 S. 89°20’00” E. 133.95 feet, more, or less, to the Northeast corner of the property described in that Warranty Deed recorded in Book 10460, at Page 9488; thence South along the East boundary of said property and southerly extension thereof 151 feet, more, or less, to the south right of way of Woodland Avenue; thence Easterly along said South right of way 127 feet, more, or less, to the East boundary of the property described in that Warranty Deed recorded in Book 8697, at Page 6736; thence Southerly along the Easterly boundaries of said property, the property described in that Special Warranty Deed recorded in Book 10356, at Page 3156, and the property described in that Quit Claim Deed recorded in Book 9028, at Page 2104, 434 feet, more, or less, to the Southwest corner of the property described in that Quit Claim deed recorded in Book 5993, at Page 530; thence East along the South boundary of said property 107 feet, more, or less, to the Northwest corner of the property described in that Warranty Deed recorded in Book 10191, at Page 5211; thence along the boundary of said property and extension thereof the following two (2) courses; 1). South 62 feet; 2). East 144.37 feet, more, or less, to the East right of way of Orchard Street; thence South along said right of way and Southerly extension thereof 189 feet, more, or less, to the South right of way of 3300 South Street; thence East along said right of way 377 feet, more, or less, to the Northwest corner of the property described in that Warranty Deed recorded in Book 9617, at Page 728; thence South along the West boundaries of said property, the property described in that Warranty Deed recorded in Book 8606, at Page 635, and the property described in that Special Warranty Deed recorded in Book 10019, at Page 9432, 352 feet, more, or less, to the North right of way of 3350 South Street; thence West along said right of way 93 feet, more, or less, to the Southeast corner of the property described in that Quit Claim Deed recorded in Book 6667, at Page 1015; thence North along the East boundary of said property 183.5 feet, more, or less, to the Northeast corner of said corner of said property; thence Westerly along the North boundaries of said property described in that Quit Claim Deed recorded in Book 6667, at Page 1015, the property described in that Certificate of Death recorded in Book 7779, at Page 1495, the property described in that Warranty Deed recorded in Book 10452, at Page 2556, the

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property described in that Warranty Deed recorded in Book 10680, at Page 3178, the property described in that Warranty Deed recorded in Book 7558, at Page 2857, the property described in that Warranty Deed recorded in Book 10471, at Page 7529, and the property described in that Quit Claim Deed recorded in Book 9623, at Page 537, 409 feet, more, or less, to the Northwest corner of said property; thence South along the West boundary of said property and Southerly extension thereof 230.9 feet, more, or less, to the South right of way of 3350 South Street; thence East along said right of way 28 feet, more, or less, to the Northwest corner of the property described in that Warranty Deed recorded in Book 10526, at Page 2126; thence Southerly along the Westerly boundaries of said property, and the property described in that Warranty Deed recorded in Book 7443, at Page 2016, 396 feet, more, or less, to the Southeast corner of the property described in that Warranty Deed recorded in Book 8417, at Page 7130; thence West along the South boundary of said property and Westerly extension thereof 151 feet, more, or less, to the Westerly right of way of Highland Drive; thence Southerly along said right of way 1643 feet, more, or less, to the South corner of the property described in that Correction Special Warranty Deed recorded in Book 10132, Page 7194; thence Northerly along the Westerly boundaries of said property, the property described in that Warranty Deed recorded in Book 9825, at Page 5279, the property described in that Warranty Deed recorded in Book 3849, at Page 149, and the property described in that Warranty Deed recorded in Book 10186, at Page 6973, 802 feet, more, or less, to the South Boundary of the Luckland Subdivision as depicted on that Subdivision Plat recorded in Book N, at Page 66; thence East along said boundary 110 feet, more, or less, to the Southeast corner of said Subdivision; thence Northerly along the Easterly Boundary of said Subdivision 583 feet, more, or less, to the most Northerly corner of lot 15 of said Subdivision; thence westerly along the northerly boundary of said lot to the East corner of the property described in that Quit Claim Deed recorded in Book 6337, at Page 1159; thence Northerly along the Northeasterly boundary of said property 110.51 feet, more, or less, to the East boundary of lot 13 of said Luckland Subdivision; thence Northerly along the Easterly boundaries of lots 13 and 11 of said Subdivision 161.51 feet, more, or less, to the Southeast corner of the property described in that Special Warranty deed recorded in Book 10130, at Page 1403; thence Northwesterly 961 feet, more, or less, along the Northeasterly boundaries of said property, lot 9 of said Luckland Subdivision, and the property described in that Decree recorded in Book 6131, at Page 1742 to the East right of way of 1300 East Street; thence West 66 feet, more, or less, to the West right of way line of said Street and the North right of way of Ridgedale Lane, said point also being the Southeast corner of the property described in that Warranty Deed recorded in Book 10669, at Page 8489; thence Westerly along the Southerly boundaries of said property, and the property described in that Warranty Deed recorded in Book 10563, at Page 585, 469 feet, more, or less, to the Northeast corner of the property described in that Warranty Deed recorded in Book 10154, at Page 153; thence Westerly along the Northerly boundaries of said property, the properties described in that Warranty Deed referred to as Parcels 1 and 2 recorded in Book 10542, at Page 6556 , the property described in that Quit Claim Deed referred to as Parcel 2 recorded in Book 6640, at Page 1757, and the properties described in that Warranty Deed recorded in Book 6355, at Page 2323, 479 feet, more, or less, to the East boundary of the Millcreek Hollow Condominiums as depicted on that Plat recorded in Book 2004, at Page 001; thence Southerly and Westerly along said boundary and Westerly extension thereof 914 feet, more, or less, to the Westerly right of way of 1100 East Street; thence Southerly along said right of way 255 feet, more, or less, to the Southeast corner of the property described in that Quit Claim Deed recorded in Book 8490, at Page 3453, said point being 8 feet south of the Southeast Corner of Lot 10, Block 21, Ten Acre Plat “A” Big Field Survey; thence West along the South boundary of said property 145 feet, more, or less, and continuing North along the West boundary of said property 8 feet, more, or less, to the South line of said lot 10; thence West along the South lines of lots 10, and 9 of said Ten Acre Plat “A” 990 feet, more, or less, to the Southwest corner of the property described in that Quit Claim Deed recorded in Book 10248, at Page 6197; thence North along the West boundary of said property 24.75 feet, more, or less, to the North right of way of 3370 South Street; thence Westerly along said right of way 400 feet, more, or less, to the point of beginning.

The above described Community Reinvestment Agency contains 163.574 acres, more, or less.

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EXHIBIT B: Project Area Map MAP OF PROPOSED PROJECT AREA BOUNDARIES

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EXHIBIT C: Parcel List Taxable Property Schedule (2018) Parcel_ID Owner Acres 16293290180000 SOUTHLAND CORPORATION, THE 0.52 16293290350000 SIMMONS, RALPH M; TR 0.38 16293290360000 SEMNANI FAMILY FOUNDATION 0.44 16293290370000 SEMNANI FAMILY FOUNDATION 0.44 16293290520000 SIMMONS, RALPH M; TR 0.07 16293290530000 KOSMAS, MARY 0.20 16293290540000 EK STUDIOS LLC 0.21 16293290680000 MILLCREEK 9 LLC 1.14 16293300420000 PARKIN, LESLIE & 0.10 16293300430000 DARR, JOHN H 0.10 16293300440000 HOCKEMIER, RON & 0.10 16293300470000 WONG, SAMMY K; TRS 0.37 16293300480000 CALFA REAL ESTATE LLC 0.10 16293300490000 HOLLAND, RUTH 0.10 16293300500000 COOKE, ALICIA M B 0.23 16293300590000 SIL INC 0.33 16293300760000 SIL INC 0.48 16293300770000 WONG, SAMMY K; TR ET AL 0.37 16294040010000 PETERSEN, KYLE D 0.13 16294040020000 JESSUP, JENNIFER & 0.12 16294040030000 GATES, JOHN D; JT 0.24 16294040040000 RANDAZZO, JAMES & 0.24 16294040060000 STOUT, PAUL L 0.22 16294040070000 HOLLINGSHEAD, CAROLYN; TR 0.14 16294040080000 GRO INVESTMENTS LLC 0.20 16294040090000 TRIPP, JOSHUA L 0.24 16294040100000 GOBIN, BENJAMIN 0.33 16294040120000 AUSTIN, TORRY L; TR 0.41 16294040150000 BBH COMPANY LC 0.25 16294040190000 BBH COMPANY LC 0.28 16294040200000 NICHOLS, SPIRO & MARIA; JT 0.38 16294040210000 KRIZANOVIC, MARIO 0.26 16294040220000 PRISKOS, VASILIOS C 0.01 16294040270000 PRISKOS, VASILIOS C 0.52 16294040280000 PRISKOS, VASILIOS C 0.27 16294040290000 WEBSTER, JAMES B & 0.14 16294040300000 TOMPKINSON, DEREK 0.14 16294040340000 BBH COMPANY LC 0.04 16294040350000 LOTT, DAREN W & 0.25 16294040360000 LOTT, DAREN W & 0.05 16294040370000 PARKIN, LESLIE A & 0.43 16294040400000 GOBIN, BENJAMIN 0.01 16294040410000 AUSTIN, TORRY L; TR 0.02

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16294040430000 CUBES BRICKYARD LLC 1.48 16294040460000 BRICKYARD APARTMENTS LLC 1.01 16294040470000 MILES PROPERTIES LLC 0.43 16294050010000 VETERINARY SPECIALIST 0.01 16294050020000 VETERINARY SPECIALIST 0.01 16294050030000 RA LLC 0.01 16294050040000 1025 CONDOMINIUMS 1.08 16293780020000 3333 OFFICE BUILDING LLC 0.12 16293780030000 3333 OFFICE BUILDING LLC 0.33 16293780040000 ALVERA OFFICES, INC 0.55 16293780060000 33RD AND 9 LLC 0.35 16293780070000 MILLCREEK 8 PLEX LLC 0.39 16293780110000 KITT, DOUGLAS Q 0.14 16293780120000 ALVERA OFFICES, INC 0.34 16293780130000 RIDGELINE SALT LAKE LLC 0.79 16293780170000 DECHTER, STEVEN I 0.48 16293780190000 KRISHNA TEMPLE CORPORATION, 0.14 16293780210000 SARAH #1, LLC 0.98 16293780220000 970 E 3300 SOUTH, LLC; ET AL 0.87 16293780230000 M HOVEY SALON LLC 0.79 16293780250000 KRISHNA TEMPLE CORPORATION 3.72 16293780260000 KAPOS, JOHN P & 0.92 16294510010000 GOLDBERG, SARAH K; TR 0.64 16294510020000 GOLDBERG, SARAH K; TR 0.17 16294510030000 GOLDBERG, SARAH K; TR 1.13 16294510040000 GOLDBERG, SARAH K; TR 1.00 16294510070000 BROOKS, RUSSELL T; TR 0.33 16294510080000 BRICKYARD SELF STORAGE, LC 0.31 16294510090000 BURBANK, JENNY 0.11 16294510100000 SPENCER, STEVE 0.11 16294510110000 HAYES, G JERRY; TR 0.11 16294510120000 WITTE, DEBORAH A 0.11 16294510130000 CLARK, MARTY; JT 0.21 16294510200000 CORP OF PB OF CH JC OF LDS 0.29 16294510210000 FERNANDEZ, OLIVER P 0.21 16294510300000 GOLDBERG, SARAH K; TR 0.77 16294510340000 RINGLEE, PEHRSON A 0.21 16294510360000 NIELSEN PROEPERTY GROUP LC 0.21 16294510390000 WICKS, BRENDA 0.06 16294510400000 DENKERS, SUE 0.04 16294510410000 CADY, CAROLIN H; TR 0.06 16294510420000 LI, YAN & 0.04 16294510430000 WALKER, AARON D 0.04 16294510440000 CAREY, STEPHEN 0.04 16294510450000 STEELE, STEPHANIE; TR 0.06 16294510460000 GRANITE MILL PUD HOMEOWNERS 1.17 16294510470000 DIAMONDBERG INVESTMENTS LLC 0.78

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16294510480000 SIMPLE HOMES LLC 0.20 16294510490000 SIMPSON, NATALIE 0.20 16294270480000 TDH LC 0.49 16294560790000 BEYERS, CHARLES H 0.01 16294270190000 NELSON ENTERPRISES LLC 0.03 16294270200000 NELSON ENTERPRISES LLC 0.41 16294270210000 NELSON ENTERPRISES LLC 0.43 16294550430000 B & G STRIP MALL LLC 0.89 16294550440000 DAVID PEDRAZAS PLLC 0.48 16294560010000 FLINT, IVAN 0.01 16294560020000 NIELSON, YASUKO 0.01 16294560030000 HUANG, MARSHALL 0.01 16294560040000 HEAPS, WES 0.01 16294560050000 RAND N LLC 0.01 16294560060000 HODGES, SUZANNE Q 0.01 16294560070000 MITCHELL, ROBERT P 0.01 16294560080000 PORTER, AMANDA MARIE 0.01 16294560090000 GAMVROULAS, PETER 0.01 16294560100000 ROBERT & LISA HAAS LIV TR 0.01 16294560110000 HARRISON, BENJAMIN J 0.01 16294560120000 JONES, SYDNEY L & 0.01 16294560130000 CHANDLER, MCCALL 0.01 16294560140000 PISMENSKIY, ALEXEY V 0.01 16294560150000 EDDY ADVENTURES LLC 0.01 16294560160000 EXPANDING HORIZONS LLC 0.01 16294560170000 DENOS, RICHARD L & 0.01 16294560180000 CUMMINS, BRUCE; JT 0.01 16294560190000 SOBHANIAN, NILOUFAR N 0.01 16294560200000 ZHONG, YI; 0.01 16294560210000 TRAN, KRISTINE; JT 0.01 16294560220000 ESLAMI, SHOHREH 0.01 16294560230000 MAURER, MARK G 0.01 16294560240000 TRAN, KRISTINE; JT 0.01 16294560250000 LITCHFIELD, WILLIAM R; JT 0.01 16294560260000 HALL, AARON D 0.01 16294560270000 FAUVER, WHITNEY 0.01 16294560280000 WEST, CAROLYN B 0.01 16294560290000 BIRD, ELOUISE R; TR 0.01 16294560300000 LIMANTZAKIS, ANTHONY M 0.01 16294560310000 ZHU, XIAOLIN; 0.01 16294560320000 SOULIER, ELISA 0.01 16294560330000 REDMAPLE PROPERTY LLC 0.01 16294560340000 RIGGS, CLAYTON 0.01 16294560350000 PIKE, DANIEL B; ET AL 0.01 16294560360000 RIZZO, JOHN M 0.01 16294560370000 DAWOOD, MARK M & 0.01 16294560380000 NIEDERHAUSER, JEFFERY W & 0.01

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16294560390000 MCGRATH, JASON 0.01 16294560400000 HOWARD, BERNADETTE T; TR 0.01 16294560410000 NUHANOVIC, AMINA; JT 0.01 16294560420000 NUHANOVIC, ZIJAD & 0.01 16294560430000 SWAZEY FAM TR 0.01 16294560440000 TOWNLEY, BRADLEY J & 0.01 16294560450000 CULBERSON, TYLER J 0.01 16294560460000 LLAMOZAS, ANN C; ET AL 0.01 16294560470000 HOGG, CURTIS 0.01 16294560480000 MARTIN, SHERRY B & 0.01 16294560490000 FERRELL ESTATE LLC SERIES LLC 0.01 16294560500000 GREEN, MAVIS; TR 0.01 16294560510000 HALL, AARON D 0.01 16294560520000 BRANDT, VICTORIA 0.01 16294560530000 JOHANSEN, LYNDSAY L 0.01 16294560540000 NELSON, DAVID J; JT 0.01 16294560550000 KATSANEVAS, BILL 0.01 16294560560000 MCBETH, JOSEPH 0.01 16294560570000 DURHAM, LYNN KEYTH & 0.01 16294560580000 BAO, DAVID; 95% 0.01 16294560590000 REDMAPLE PROPERTY LLC 0.01 16294560600000 MANN, DAVID B & 0.01 16294560610000 PANAHI, REZA & 0.01 16294560620000 MONREAL, MIGUEL 0.01 16294560630000 NELSON, JOHN N & 0.01 16294560640000 SONG, SANG H & 0.01 16294560650000 GOODWILL, DAVID A & 0.01 16294560660000 DUFFEY, TRAVIS 0.01 16294560670000 SLOK, EVA B & 0.01 16294560680000 VAN, HOA; JT 0.01 16294560690000 JOHNSON, JULIA G 0.01 16294560700000 LARSEN, TIMOTHY J 0.01 16294560710000 STENSRUD, LARRY E 0.01 16294560720000 KAPOS, GEORGETTE S 0.01 16294560730000 ZHU, JING 0.01 16294560740000 ADHVARYU, JIGNASU; JT 0.01 16294560750000 MANNING, JARED R 0.01 16294560760000 JOHNSON, CHRIS E 0.01 16294560770000 MILYAVSKIY, ALEKSANDR M & 0.01 16294560780000 HENLINE, DENNETTE; TR 0.01 16294560800000 SONG, NAIQING & 0.01 16294560810000 SCHLEHUBER, BROCK E 0.01 16294560820000 SORENSEN, WILLIAM H & 0.01 16294560830000 KULIKOWSKI, THERESA K 0.01 16294560840000 SMITH, REBECCA L 0.01 16294560850000 CHRISTOPHER, MATTHEW L & 0.01 16294560860000 SMITH, KELLY R 0.01

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16283120010000 GASPAR, JOHN T 0.01 16283120020000 BEEBE, JAMES 0.01 16283120030000 DENEAU, SARA 0.01 16283120040000 HOWELL, ALEXANDRA C & 0.01 16283120050000 KASSEL, KATHLEEN 0.01 16283120060000 BROWN, JEREMY J & 0.01 16283120070000 STEEL, BRET 0.01 16283120080000 CLARK FAMILY PROPERTIES LLC 0.01 16283120090000 CHERONNE ANDERSON PROPERTIES 0.01 16283120100000 WOLFE, MATTHEW E JT 0.01 16283120110000 STEEL, BRET 0.01 16283120120000 KUNKLE, ALLYSON 0.01 16283120130000 PICKLE, MICHAEL 0.01 16283120140000 JOHNSTON, JEFFREY 0.01 16283120150000 KIME, SHAYLA A 0.01 16283120160000 SOSA, MARISSA & 0.01 16283120170000 MCALLISTER, BRENT P & 0.01 16283120180000 MCALLISTER, BRENT P & 0.01 16283120190000 WHETMAN, PRESLEY P 0.01 16283120200000 SIMON, CORBETT W 0.01 16283120210000 EPPERSON, ANDREW 0.01 16283120220000 EPPERSON, ANDREW 0.01 16283120230000 WILSON, TAYLOR &E 0.01 16283120240000 NEIMAN, MICAH 0.01 16283120250000 FARMER, ROBERT M 0.01 16283120260000 CLARK FAMILY PROPERTIES LLC 0.01 16283120270000 MCALLISTER, BRENT P & 0.01 16283120280000 COE, DEBRA 0.01 16283120290000 CHOW, SIGMUND; 0.01 16283120300000 CASALE, LILIANA 0.01 16283120310000 MCDONALD, MICHAEL C 0.01 16283120320000 THE PM GROUP, LLC 0.01 16283120330000 THE PM GROUP, LLC 0.01 16283120340000 DELONG, JAMIE F 0.01 16283120350000 SPENDLOVE, ROBERT M & 0.01 16283120360000 O DAY, DAVID K; JT 0.01 16283120370000 BRICKYARD VILLAGE 0.78 16294300070000 3205 MILLCREEK, LLC 0.15 16294300080000 3205 MILLCREEK, LLC 0.17 16294300090000 3205 MILLCREEK, LLC 0.14 16294300110000 M & R JAHRIES REAL ESTATE LLC 0.83 16294300120000 CRAIG, ROBERT M & 0.17 16294310030000 KNAPTON, DON E & 0.34 16294310040000 FERREAL ESTATE LLC A 0.17 16294310060000 GEO INVESTMENTS LLC & BLACK 0.50 16294310070000 MAJESTIC INVESTMENT COMPANY 0.34 16283080010000 JRJ, LC 0.38

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16283080020000 KETTLEY, SHERELYN N; TC ET AL 0.47 16283080300000 THOMAS BUILDING PARTNERSHIP 0.44 16283090010000 CORP OF PB OF CH JC OF LDS 0.88 16283090020000 CORP OF PB OF CH JC OF LDS 0.22 16283090030000 WARNER, LYLE D; TR 0.76 16283090080000 SCHATZ COMMERCIAL HOLDINGS 0.20 16283090090000 DANIELS, JEANETTE K B; TR 0.20 16283090240000 ATKINSON ENTERPRISES LC 1.68 16283130100000 BRICKCREEK LLC 0.01 16283130110000 BRICKCREEK LLC 0.01 16283130210000 BRICKCREEK LLC 0.01 16283130220000 BRICKCREEK LLC 0.01 16281560010000 BOWMAN, JACK H., TR. 0.31 16281600020000 NEELEY, STEPHEN E; 0.43 16281600030000 SKYLINE FLOWER PROPERTIES, 0.32 16283010090000 BENCH PROPERTIES, LLC 0.44 16283010110000 GLAUS EUROPEAN BAKERY REAL 0.18 16283010120000 GLAUS EUROPEAN BAKERY REAL 0.16 16283130010000 BRICKCREEK LLC 0.01 16283130020000 BRICKCREEK LLC 0.01 16283130030000 BRICKCREEK LLC 0.01 16283130040000 BRICKCREEK LLC 0.01 16283130050000 BRICKCREEK LLC 0.01 16283130060000 BRICKCREEK LLC 0.01 16283130070000 BRICKCREEK LLC 0.01 16283130080000 BRICKCREEK LLC 0.01 16283130090000 BRICKCREEK LLC 0.01 16283130120000 BRICKCREEK LLC 0.01 16283130130000 BRICKCREEK LLC 0.01 16283130140000 BRICKCREEK LLC 0.01 16283130150000 HOP LLC 0.01 16283130160000 BRICKCREEK LLC 0.01 16283130170000 BRICKCREEK LLC 0.01 16283130180000 BRICKCREEK LLC 0.01 16283130190000 BRICKCREEK LLC 0.01 16283130200000 BRICKCREEK LLC 0.01 16283130230000 BRICKCREEK LLC 1.74 16292800110000 MCDONALD, IAN D 0.17 16292800120000 GRANT PROPERTIES I LLC 0.15 16292800220000 ABANA APTS 0.75 16292800230000 MALOUF, FRANCIS B; TR 0.60 16292810010000 ASPEN VIEW ASSOCIATES 0.36 16292810020000 ASPEN VIEW ASSOCIATES 0.23 16292810030000 ASPEN VIEW ASSOCIATES 0.48 16292810110000 WHITEAR, KODY 0.23 16292810120000 BAGLEY, KAREY A 0.28 16292810130000 FIDONE, KRIS W 0.28

Page | 22

16292810140000 C C & L ENTERPRISES LLC 0.28 16292810150000 ROBINSON PROJECT MANAGEMENT 0.35 16292810180000 SKYLINE FLOWER PROPERTIES, 0.43 16292810190000 SKYLINE FLOWER PROPERTIES, 0.73 16292810210000 VALLEY BANK BUILDING CORP 0.76 16292810220000 GOODMAN, MARK W 0.32 16292810230000 OAI ENTERPRISES LLC 0.08 16292810240000 OAI ENTERPRISES LLC 0.56 16292810250000 SUGARHOUSE SELF STORAGE, LC 1.15 16294260030000 SALT LAKE COUNTY 0.22 16294280110000 GOLESH, CHRISTINE LEE 0.31 16294280150000 CHUN, CASSY K & 1.21 16294280160000 ATLAS VENTURES 2.33 16294280170000 VILLA INVESTMENTS GROUP LLC 0.98 16292770340000 CASSIDY, JAMES P JR & 0.13 16292770350000 RUSSELL J STEWART LIV TR; 0.03 16292770360000 RUSSELL J STEWART LIV TR; 0.03 16292770370000 MILLER, CHRISTOPHER & 0.03 16292770380000 HARDMAN, PAISLEY 0.03 16292770390000 KAMINSKI, KAREN E 0.03 16292770400000 LI, WENHUA & 0.03 16292770410000 PENG, FEIFEI 0.06 16292770420000 SUGARHOUSE MANAGMENT LLC 0.04 16292770430000 EHRGOTT, DREW & 0.04 16292770450000 STEPHENSON, SUSAN & 0.06 16292770470000 PAINTER, ROY W; TR ET AL 0.04 16292770480000 PAINTER PLACE PUD 0.72 16292780070000 SJC MANAGEMENT LLC 0.30 16292780110000 STERLING FIDUCIARIES LLC; TR 0.35 16292780120000 BRUNSON, RUJEAN R. 0.36 16292780130000 HILBIG, TIMOTHY K 0.35 16292780160000 HALLER, FRANCES L 0.29 16292780170000 BELKO, GERALD F & 0.30 16292780180000 BELKO, G FRANK 0.29 16292780200000 SALT LAKE COUNTY 0.01 16292780260000 S J C MANAGEMENT LLC 0.01 16292780290000 MALONE, ROGER 0.61 16292780360000 CAPITAL ASSETS 401(K) PLAN 0.19 16292780380000 CAOUETTE, CHERRY P; TR 0.17 16292780400000 ACKER, KAREN 0.11 16292780420000 WONG, JAN S 0.11 16292780430000 CEUNINCK, LAUREN A 0.14 16292780440000 BRUNISHOLZ, ARTHUR C 0.15 16292780570000 GIBSON, JEFFREY S & 0.47 16292780580000 KUNZ, STEVEN R & 0.50 16292780590000 GARSIDE, MELINDA & 0.25 16292800080000 SALT LAKE COUNTY

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Roads, Easements, Right-of-Ways, etc. 31.91

Total 163.57

Page | 24

ORIGINAL PROPOSED BLIGHT AREA

1 REVISED PROPOSED BLIGHT AREA

2 SCHEDULE OF MEETINGS RELATED TO MILLCREEK CENTER CRA

• Monday, Nov. 26 @ 7:30 PM- Initial public hearing for draft project area plan and budget for Millcreek Center CRA. • Tuesday, Nov. 27 @ 6:30 PM- Town Hall Q&A meeting for Millcreek Center CRA. • Wednesday, Dec. 5 @ 12:00 PM- Deadline to submit written comments regarding Millcreek CRA blight study. • Monday, Dec. 10 @ 7:30 PM- Final public hearing on the Millcreek Center CRA blight study. • Monday, Dec. 17 @ 6:30 PM- Decision by Agency on the Millcreek CRA blight study. • Monday, Jan. 14 @ 7:30 PM- Final public hearing for draft project

area plan and budget for Millcreek Center CRA. 3 MILLCREEK COMMUNITY REINVESTMENT AGENCY MILLCREEK CENTER COMMUNITY REINVESTMENT AREA NOVEMBER 2018 PUBLIC HEARING – OVERVIEW OF DISCUSSION

1. Introduction to Community Reinvestment Areas ◦ Project area types ◦ Purpose of project areas ◦ Tax increment financing ◦ Process of creating project areas

2. Millcreek Center Community Reinvestment Project Area ◦ CRA description ◦ Reasons for selecting the proposed geographic area for the CRA ◦ CRA tax increment participation ◦ Next steps INTRODUCTION: COMMUNITY REINVESTMENT AGENCIES • Under Utah Code 17C “Limited Purpose Local Government Entities – Community Reinvestment Agency Act,” Utah’s local governments have the authority to conduct economic development activities within their communities through their Community Reinvestment Agencies.

• Under the act, agencies were allowed to create four types of project areas:

Projects Implemented before May 10, 2016 ◦ Community Development Areas (CDAs) ◦ Economic Development Areas (EDAs) ◦ Urban Renewal Areas (URAs)

Projects Implemented after May 10, 2016 ◦ Community Reinvestment Areas (CRAs) 6 INTRODUCTION: PURPOSE OF CRA TO ENCOURAGE COMMUNITY ENHANCEMENT & ASSISTANCE • If a CRA is established, portions of incremental property taxes become available to the Agency for a specified period of time to provide assistance for: ◦ Existing businesses ◦ New development ◦ Infrastructure improvements ◦ Affordable housing ◦ Crime reduction ◦ Expanded employment opportunities ◦ Other community concerns/priorities 7 INTRODUCTION: PROCESS OF CREATION – CRA’S

• Step 1: ◦ Resolution authorizing the preparation of a Project Area Plan along with description of proposed Project Area (commonly referred to as “SURVEY RESOLUTION”) (adopted by Agency May 14, 2018) • Step 2: ◦ Research of potential development and project needs ◦ Drafting of Project Area Plan and Budget • Step 3: ◦ Noticing of Project Area Plan (mailings to property owners and taxing entities, newspaper notice, etc.) ◦ Public Hearing regarding Project Area Plan & Budget ◦ Adoption of Plan by RDA and City • Step 4: ◦ Taxing Entity Committee (TEC) Adopts Project Area Budget

8 PROJECT AREA PLAN: PROPOSED MILLCREEK CENTER CRA PROJECT AREA BOUNDARY

• Total Project Area Acres: 130 parcel acres (approx..)

Reason CRA Is Being Created As Utah’s newest city, Millcreek currently lacks a central downtown area. City residents, leaders & other key stakeholders have identified the Project Area as the future site of the City’s downtown center. Much of the Project Area is currently underutilized and has suffered from a lack of investment over the last few decades. With tax increment, the City and Agency believe the Project Area will serve as an amenity and central gathering space for the whole City and will serve as an engine of population and tax base for the City.

9 MILLCREEK CENTER: A CITY CENTER WORTHY OF UTAH’S 10TH LARGEST CITY

10 FOCUS BETWEEN RICHMOND (1300 E) & HIGHLAND DRIVE, AROUND 3300 SOUTH

11 FAULT LINE CREATES OPPORTUNITY FOR FOCAL POINT PARKWAY

12 FAULT LINE CREATES OPPORTUNITY FOR FOCAL POINT PARKWAY

13 A WALKABLE MIXED-USE DESTINATION

14 CIVIC AND PUBLIC GATHERING SPACES

15 AN AMENITY AND OPEN SPACES FOR THE WHOLE CITY

16 ENHANCING AND CELEBRATING LOCAL BUSINESSES

17 VIBRANT GATHERING PLACES

18 AN ENGINE OF POPULATION AND TAX BASE TO HELP KEEP TAXES LOW FOR MILLCREEK

19 CRA IS A CRITICAL PIECE TO MAKING MILLCREEK CENTER HAPPEN  Town Center Overlay Zone (TCOZ)

 City Center Planning via WFRC Grant

 Opportunity Zone (tool from the feds to encourage investment in area)

 Community Reinvestment Area (tool from state to allow Tax Increment Financing of critical infrastructure)

 City coordination with property owners, businesses, and

developers 20 DEVELOPMENT ASSUMPTIONS & TAX BASE

Incremental Real Personal Incremental Development Square Feet/(Units) $/Square Feet Property Value Property Value Assessed Value Office 335,560 Sq. Ft. $170 $57,448,091 $8,556,783 $66,004,874 Commercial 90,692 Sq. Ft. $145 $13,351,463 $1,972,549 $15,324,012 Residential 735,640 Sq. Ft. (736) $125 $50,476,298 $- $50,476,298 Total $121,275,853 $10,529,332 $131,805,185

• Timeframe: First tax increment receipt is assumed to be 2020 • Estimated Base Year Tax Value (2017): $171,770,214 • Incremental Assessed Value in 20 years: $131,805,185 • Total Assessed Value in 20 years: $303,575,399

21 REQUESTED TAX INCREMENT PARTICIPATION FROM TAXING ENTITIES

ENTITY PERCENTAGE LENGTH

Salt Lake County 80% 20 Years

Salt Lake County Library 80% 20 Years

Granite School District 80% 20 Years

Millcreek City 80% 20 Years

South Salt Lake Valley Mosquito Abatement District 80% 20 Years Mt. Olympus Improvement District 80% 20 Years Central Utah Water Conservancy District 80% 20 Years Unified Fire Service Area 80% 20 Years

22 TAX INCREMENT

• Not the result of a tax increase!

• Property taxes “frozen” the first year of the project (“base year”)

• A portion of property taxes in excess of the base year are redirected to the Community Reinvestment Agency for use within a defined geographic area in the community.

23 MILLCREEK CENTER CRA TAX INCREMENT

24 BASE YEAR TAXES • ASSUMPTIONS: ◦ 2017 Base Year Value $171,770,214 ◦ $2,571,400 Base Year Annual Tax for 20 Years (2020-2039)

20 YEAR NPV (4.0%) ENTITY TOTAL (BASE (BASE YEAR) YEAR)

Salt Lake County $6,956,694 $4,727,187 Salt Lake County Library $1,920,391 $1,304,937 Granite School District $26,871,732 $18,259,781 Millcreek City $6,912,033 $4,696,840 South Salt Lake Valley Mosquito Abatement District $51,531 $35,016 Mt. Olympus Improvement District $958,478 $651,301 Central Utah Water Conservancy District $1,374,162 $933,765 Unified Fire Service Area $6,382,981 $4,337,340 Total Sources of Tax Increment Funds $51,428,002 $34,946,167 25 PASS-THROUGH INCREMENT TO TAXING ENTITIES

• ASSUMPTIONS: ◦ Incremental assessed value of $131,805,185 ◦ 20% of TIF for 20 Years (2020 - 2039)

20 YEAR TOTAL (TAXING NPV (4.0%) (TAXING ENTITY ENTITIES) ENTITIES)

Salt Lake County $3,269,420 $2,061,323 Salt Lake County Library $902,521 $569,027 Granite School District $12,628,839 $7,962,307 Millcreek City $3,248,431 $2,048,090 South Salt Lake Valley Mosquito Abatement District $24,218 $15,269 Mt. Olympus Improvement District $450,453 $284,005 Central Utah Water Conservancy District $645,811 $407,175 Unified Fire Service Area $2,999,793 $1,891,328 Total Sources of Tax Increment Funds $24,169,487 $15,238,525 26 ESTIMATED SOURCES OF TAX INCREMENT • ASSUMPTIONS: ◦ Incremental assessed value of $131,805,185 ◦ 80% of TIF for 20 Years (2020 – 2039)

20 YEAR TOTAL NPV (4.0%) ENTITY (AGENCY) (AGENCY)

Salt Lake County $817,355 $515,331 Salt Lake County Library $225,630 $142,257 Granite School District $3,157,210 $1,990,577 Millcreek City $812,108 $512,023 South Salt Lake Valley Mosquito Abatement District $6,054 $3,817 Mt. Olympus Improvement District $112,613 $71,001 Central Utah Water Conservancy District $161,453 $101,794 Unified Fire Service Area $749,948 $472,832 Total Sources of Tax Increment Funds $6,042,372 $3,809,631 27 ESTIMATED USES OF TAX INCREMENT

• ASSUMPTIONS: ◦ Incremental assessed value of $131,805,185 ◦ 80% of TIF for 20 Years (2020 – 2039)

USES 20 YEAR TOTAL NPV (4.0%) Project Area Administration and Operations (5%) $1,208,474 $761,926 CRA Housing Requirement (20%) $4,833,897 $1,523,852 Redevelopment Activities (infrastructure, relocation, parking structure, $18,127,115 $12,952,746 streetscape improvements, parkway construction, etc.) Total Uses of Tax Increment Funds $24,169,487 $15,238,525

28 NEXT STEPS

• Hold 2nd Public Hearing on January 14, 2019 to adopt Millcreek Center Plan and Budget.

• TEC Adopts Resolution Approving Project Area Budget ◦ January 24, 2018

29

Minutes of the Millcreek Community Reinvestment Agency November 13, 2018 7:30 p.m. Regular Meeting

The Community Reinvestment Agency of Millcreek, Utah, met in a Regular Meeting on November 13, 2018 at the City Hall Annex, located at 3330 S. 1300 E., Millcreek, UT 84106.

PRESENT:

Board Members City Staff Jeff Silvestrini, Chair John Geilmann, City Manager Silvia Catten John Brems, City Attorney Dwight Marchant Elyse Greiner, Agency Recorder Cheri Jackson Mike Winder, Economic Development Director Bev Uipi (arrived at 8:00 p.m.) Kurt Hansen, City Services Director Francis Lilly, Community Development Director Rita Lund, Communications & Programs Director Laurie Johnson, HR-Finance Director Laura Bown, Office Manager Alexandra Muller, Legal Clerk/Deputy Recorder

Attendees: See attached.

REGULAR MEETING – 7:30 p.m. TIME COMMENCED: 7:32 p.m.

Chair Silvestrini called the meeting to order. He said the meeting tonight is the first hearing on a blight study for the Millcreek Center Community Reinvestment Area. Chair Silvestrini said he would give some history on the project, then turn time over to the consultant for a presentation on the blight study, then the Agency will take public comment. Residents are also able to give comment at the December 10th meeting. He asked the public to fill out a comment card if they would like to speak tonight. Chair Silvestrini said the City Council (Agency) represents the residents, they care about the community, and they will listen to the residents. The reason to consider the blight study is that it may be a good resource for the City and the city center.

Chair Silvestrini said Millcreek became a city less than two years ago. The Council engaged with the public and there have been more than 30 meetings through Venture Outdoors, general plan meetings, and city center meetings about what the City should look like in the future. He said the feedback received was inquiries about a downtown for Millcreek and wants for a gathering place. The “wedge” is the area that has been identified as that downtown area. In a community reinvestment area, the City is allowed to use the money generated from increased taxes as redevelopment occurs to reinvest back into the community to help build the things residents want to see more of and better of; streets, curb and gutter, sidewalks, and improved storm water Millcreek CRA Meeting Minutes 13 November 2018 Page 2 of 9

systems. These improvements can be paid for with tax increment; the increased taxes generated produces tax increment. The other thing that is driving this process is the growth that the State is facing. There is not enough housing, so the pricing goes up. The Council (Agency) wants to preserve Millcreek but also consider density where it can be tolerated. The eminent domain power that comes with the blight study is not generally available to the City, which is why it is being considered. It is a decision the Agency has to make based upon the interests of property owners in the area balanced with the greater good of 63,000 residents in Millcreek and what is best for the community in the long term. If the blight study is approved and the Agency moves forward with it, it provides a very limited eminent domain power. The City already has the power for eminent domain to condemn property for public purposes; such as to widen or create a new street or build a public building. The Council can do that without going through the blight study. The power of eminent domain in this situation would be to condemn property if there is a hold-out property/structure hindering development. He said the Council (Agency) is not in the business of throwing people out of their houses. Chair Silvestrini’s personal experience as an attorney is that in every instance when he had a client, property owners got more than fair market value for property. The condemnation process costs more than what the property is valued at so cities are incentivized to pay more than market value to avoid extra condemnation costs.

He referenced a caricature of himself that was online about him getting rich. He said Millcreek does not have the money to condemn the entire area even if the Council wanted to, which they do not. He said the only reason to adopt the eminent domain power is in the case of a hold-out property owner such as in the classic Utah example of the Flower Patch and the Grand America Hotel. He said the Council (Agency) is listening to the public. He used an example of an earlier project this year about a hotel that the Council turned down because it was not what the residents wanted. He said the Agency wants to hear from the residents and they can submit comments in writing to the City by December 5th at noon. He asked the audience to submit their comment cards and exhibits for the meeting tonight.

1. Welcome, Introduction and Preliminary Matters 1.1 Millcreek Community Reinvestment Agency Presentation Chair Silvestrini said he would later turn the time over to Jason Burningham with Lewis Young Robertson & Burningham Inc. who is the consultant who was hired to do the blight study. John Geilmann gave instructions to the audience about comment cards.

2. Business Matters 2.1 Public Hearing on Consideration of 1) Draft Project Area Plan and Budget for Olympus Hills Community Reinvestment Area, and 2) Draft Project Area Plan and Budget for Canyon Rim Commons Community Reinvestment Project Area Mike Winder said Community Reinvestment Agencies are in State Code 17C which says that local governments have the authority to conduct economic development activities within their communities through their Community Reinvestment Agencies. There are four terms these agencies have gone by, Community Development Areas, Economic Development Areas, Urban Renewal Areas, and now Community Reinvestment Areas (CRA). Winder said when Millcreek was a township, the West Millcreek Urban Area was formed by the County. It has been in existence for 2-3 years and it does have eminent domain authority. Once CRAs are established, portions of incremental property taxes become available to the Agency for a specified period of time to provide assistance for: existing businesses, new development, infrastructure improvements, affordable housing, Millcreek CRA Meeting Minutes 13 November 2018 Page 3 of 9

crime reduction, expanded employment opportunities, and other community concerns/priorities. Winder went through the steps of forming a CRA which are: Step 1, a resolution authorizing the preparation of a Project Area Plan along with the description of the proposed Project Area; Step 2, research of potential development and project needs by drafting the Project Area Plan and Budget; Step 3, noticing the Project Area Plan, holding a public hearing regarding the Project Area Plan and Budget, and adopting the plan by the Agency and City; and Step 4, negotiation and adoption of interlocal agreements with taxing entities. Winder showed a map of the Olympus Hills CRA Project Area which includes approximately 41 acres of land. The Project Area Plan envisions a mixed-use development anchored by a corporate headquarters or hotel. The assumptions are that the first tax increment receipt is to be 2021, the estimated base year tax value (2017) is $3,768,320, the incremental assessed value in twenty years is $26,335,148, and the total assessed value in 15 years is $30,103,468. For twenty years, the increment would be a 70/30 split with the other taxing entities. Seventy percent is reinvested back into the area and thirty percent goes through to the entities. He said tax increment is not a tax increase, just a mechanism to capture the growth and taxes that come from development to be used in the areas. Property taxes are “frozen” the first year of the project (“base year”). Winder showed charts on the tax increment, base year taxes, pass- through increment to taxing entities, estimated sources of tax increment, and estimated uses of tax increment. He said three percent of the increment will be used for project area administration and operations, ten percent for the CRA housing requirement, and the rest for redevelopment activities. The City is contemplating a parking structure, relocating the salt and sand lot, and utility work. He said none of the money will be used to subsidize a private developer.

Winder went over the Canyon Rim Commons CRA Project Area map which contains approximately 75 acres. The Plan proposes a neighborhood center. The assumptions are that the first tax increment receipt is to be 2021, the estimated base year tax value (2017) is $69,547,441, the incremental assessed value in twenty years is $46,432,764, and the total assessed value in 20 years is $115,980,204. The twenty-year split will also be 70/30 percent. He went through the same charts on tax increment with Canyon Rim Commons. The redevelopment activities will get about $7.3 million for infrastructure, which might include open space acquisition, utility work, and streetscapes.

Winder said the next steps on the Olympus Hills and Canyon Rim Commons CRAs is the public hearing on the plan and budget tonight. The resolutions will be adopted at the next meeting, then negotiations will take place with the taxing entities.

Chair Silvestrini opened the public hearing.

David Baird, 4538 Thousand Oaks Drive, said he endorses the Olympus Hills budget and plan as the Mt. Olympus Community Council Chair. He feels this is a good opportunity to provide amenities to the area. He thanked the Council and staff for moving this forward.

Joan Haven, 4219 S. Mars Way, said she endorses the project and thanked the City for improving the area and giving the area needed amenities.

Millcreek CRA Meeting Minutes 13 November 2018 Page 4 of 9

Mike Winder mentioned that all of the material is on the Millcreek website (millcreek.us) and residents are welcome to contact staff anytime.

Steve Clarke, with Berkshire Hathaway Real Estate representing Jenny Burbank who owns 1078 E. 3300 S., said they are opposed to this. He said they are in the middle of a real estate transaction and was not informed about the eminent domain issue. He said English is a second language for his client and felt that if there is a real estate sign on a piece of property that the City should contact the real estate brokerage. He said they remedied the blighted factors and felt that the property was no longer blighted. Chair Silvestrini said the Agency is currently taking comment on two other matters but they will consider his comments as part of the record for that agenda item. Exhibit 6

Board Member Jackson moved to close the public hearing. Board Member Catten seconded. Chair Silvestrini called for the vote. The motion passed unanimously.

2.2 Public Hearing on Consideration of Millcreek Center Community Reinvestment Project Area Blight Study Chair Silvestrini asked for a show of hands from the audience for who was in favor of approval of a blight study and who was not in favor of approval of the blight study for the Millcreek Center CRA. The majority were not in favor. He asked the audience to tell the Agency whether they liked or hated the blight study, and the reasons as to why the blight study might be wrong.

Jason Burningham said his colleagues Cody Hill and Rob Sant were involved with the blight study and physically looking at the properties. They have received a number of comments with respect to the blight factors. He said it is helpful to understand what specific factors were noted in the study and how the property owners have addressed them and asked the audience to tell them about it. He posed the question of, what is a blighted community reinvestment area. It is a public finance tool for encouraging and facilitating new development or more intense development within a blighted and under- utilized geographic area. The CRA area is broader than the blight survey area. The survey area does not make a designation of blight, the study is evidence towards the factors. The study is presented to the Agency as findings and a determination must be made by the Agency. They will decide if it meets the statutory threshold or if a subset smaller area could be designated as blight. The consultants rely on comments and feedback from the property owners. There are three primary reasonings for looking at the survey area; lack of public improvements (curb and gutter, sidewalks, etc.) or social gathering spaces; assembling developable land; and blight.

The statutory conditions required for blight designation in the survey area are: currently zoned for urban purposes and generally served by utilities; 50% of parcels with improvements (non-agricultural/non-accessory buildings or improvements); the present condition or use within the survey area substantially impairs the sound growth of the community, delays the provision of housing accommodations, constitutes an economic liability, or is detrimental to the public health, safety, or welfare, as evidenced or shown by the existence of blight factors; and the presence of at least 4 of the following factors: Millcreek CRA Meeting Minutes 13 November 2018 Page 5 of 9

• Substantial physical dilapidation, deterioration or defective construction of buildings or infrastructure OR significant noncompliance with current building, safety, health or fire codes • Unsanitary or unsafe conditions in the proposed survey area that threaten the health, safety, or welfare of the community • Environmental hazards requiring remediation • Excessive vacancy, abandoned buildings or vacant lots within the survey area zoned for urban use and served by utilities • Abandoned or outdated facilities posing a threat to public health, safety or welfare • Criminal activity within the survey area higher than comparable non-blighted areas; and • Defective conditions making title unmarketable At least 50% of parcels within the Survey Area are affected by at least one blight factor and the affected parcels comprise at least 66% of acreage within the survey area.

The main difference between a blighted community reinvestment area and not blighted is the tool of eminent domain. The use of eminent domain must be identified in the project area plan. Eminent domain could be used with single family dwelling property when the property owner consents, or by a petition to use it by property owners of more than 80% of parcels and more than 70% of value of owner-occupied property, or by a petition of more than 90% of owners and property owned by a public entity within Project Area. Eminent domain could be used with commercial property if the property owner consents, or if there is a petition of property owners of more than 75% of property and 60% of value of property. Then there would need to be a super majority vote by the Community Reinvestment Agency to use it. Burningham said eminent domain can be a friendly tool in the State of Utah. The Project Area plan does describe how blight will be reduced or eliminated and it is consistent with the City’s general plan. The documents describe any specific projects that are contemplated by the Agency within the Project Area and it identifies how developers and property owners will be selected or identified for purposes of using tax increment financing.

The original survey area included 372 parcels and 112.17 acres. Winder went over the survey area on a map for the Agency. Burningham said the proposed survey area meets all statutory conditions for determination of blight: the area consists of predominantly non-greenfield parcels (100%); the area is currently zoned for urban purposes and generally served by utilities (100%); no single parcel comprising 10% or more of the entire area may be counted as blighted unless at least 50% of the area of the parcel is occupied by buildings or an improvement; at least 50% of the parcels within the proposed survey area contain nonagricultural or non-accessory buildings or improvements used or intended for urban purposes (87%); a minimum of 4 statutory conditions of blight exist in the survey area (5); a minimum of 50% of the parcels are affected by at least one of the statutory factors (77%); and the affected parcels comprise at least of 66% of the acreage (68%). Burningham showed an aggregated map in color of parcels affected by blight in the survey area. He then went through each blight factor in greater detail with pictures illustrating the findings in the area as indicated on a map.

The Agency’s purpose tonight is to be informational and address how the factors were defined and how they were noted. They want to hear from the public who did have a Millcreek CRA Meeting Minutes 13 November 2018 Page 6 of 9

factor on their property. There will be another hearing on this and it will be held on December 10th. On December 17th, the blight study will be up for determination by the Agency. If there was a designation of blight, the approved resolution would go to the Taxing Entity Committee (TEC), which consists of two county representatives, two local school board representatives, one state representative from the State Board of Education, two members from the City of Millcreek, and one representative representing the other taxing entities. He said they also have to determine a finding of blight. If the TEC blight designation were approved, then the Project Area plan and budget would be considered. If the Agency determined not to designate any area as blight, they could still create the CRA with the budget and plan, it would just not have the blight, or eminent domain power.

A map was presented as a potential blight designated area that could be considered by the Agency. Chair Silvestrini encouraged the public to contact him or Mike Winder about anything related to the blight study. He said based on the input received, he will make a recommendation to the Agency to eliminate eight areas that he highlighted on a map. The first area is north of Elgin Avenue and west of Richmond. The second is east of Highland on 3300 S., which is principally the new gymnastics center. The third area includes the parking lot of Home Depot and south of it because there is redevelopment already there. The fourth area is on the street of 3345 S. The fifth area is the condominium project off of 3300 S. between 1100 and 1300 E. The sixth is the Granite Mill Court area; it is a relatively new planned unit development. The seventh is the Krishna Temple. The eighth is a residential area on the north side of Brickyard. He recommended that these areas be removed. Board Member Marchant asked if the fault line is the boundary around the fourth area. Chair Silvestrini said it is next to the fault line. Board Member Jackson agrees with the Chair’s assessments and told the public the boundaries were squared up and logical for an easier assessment, not because new subdivisions were wanted to be included. Winder pointed out that if people want to stay in the survey area, they need to let the Agency know before December 5th.

Chair Silvestrini opened the public hearing.

Ann Owsley, 1196 E. Ridgedale Lane, said her street was not in the study but lots of her neighbors have cracked driveways and stoops, and unpainted houses. She said those conditions should not be considered as blight. She does not feel houses should be included in the blight area.

Jake Hill, 1287 E. Ridgedale Lane., said eminent domain should not be used on single- family owner-occupied residences. He expressed that he wanted to be taken out of the survey area. He said if sidewalks were a factor of blight, the whole city would be in trouble. Exhibit 5

Dan Northrup, 1390 E. 3300 S., said he owns the emissions shop on the corner of Highland Dr. and 3300 S. He said at this meeting, it sounds like the ultimate goal is for the City to use eminent domain. He said the three factors of blight on his property was fixed in one afternoon. He said most of the people could fix their blight factors if given the time to do so. He said there should be another way of improving the City without Millcreek CRA Meeting Minutes 13 November 2018 Page 7 of 9

blighting businesses. He requested that property owners be able to opt out of the blight survey. Exhibit 10 & 11

Adam Flamm, 1879 E. Siggard Drive, said he is in favor of the blight study though he does not live in it. He feels this is an ugly part of town and this will make it a prettier place to live.

Ryan Robison, Attorney for Granite Mill Court Home Owners Association, said his client asked to be removed from the study. The HOA is fine as it is. He said only one parcel of the eight had one factor on it and it was lack of sidewalk. He felt a lack of sidewalk in a cul-de-sac did not impair community growth. He said the development is a credit to Millcreek and not a blight. He asked for them to be removed from the blight survey, the CRA, and any intentions to be rezoned for mixed-use.

Renee Gilson, 3192 S. 1000 E., said she lives across the street from the blight area. She thinks the Brickyard Plaza should be the center of the City Center. She suggested changing the boundaries to include Brickyard in Millcreek. She does not want to see high density housing or tall commercial buildings in the neighborhood and does not want to encourage growth.

Michael Goldberg, 982 E. -1060 E. 3300 S., said his agricultural business has been in Millcreek for nearly 50 years. He objected to the designation stated in a letter dated October 29th. He said the blight items were easily remedied. He said he has a $2 million greenhouse on the property that was not mentioned in the study. He said there is a house at 982 E. that will be demolished on November 21st. There are extra bricks outside of the building though it was renovated 5 years ago. He said he is happy to meet with the City on covering soil on the property. He said the criminal calls are from the alarm system going off and not actual crime. He feels zoning is what is holding back development. He said if the City calls an area blighted, it could become a self-fulfilling prophesy. He feels the City should work with the property owners to make redevelopment possible. Exhibit 8

Alice Larkin Steiner, owns 3350 S. 1100 E. but lives on S St. in Salt Lake City, requested that 3350 S. 1100 E. be removed from the blight study and CRA plan. She requested the neighborhood remain as single-family residential neighborhood. She continued to read from a letter, see Exhibit 9 letter attached.

Andrew Gruber, 1916 E. 3060 S., expressed appreciation for this discussion. He had concerns about the blight study initially but when he looked into it, he came to understand that it is an unfortunately named term and study that is really needed in order to enable the City to have some tools to develop in the way the residents say they want it to. He now understands the blight study to be one portion of a larger effort of what residents say they want the City to be. He said blight causes concern that the City or developers are going to come in and sweep the area clean, but when he looks into the details of it, that is not what he sees being proposed. The community at every stage of the process will have the ability to say here is what we like and what we do not like. He said the overwhelming majority of property owners would have to agree with the eminent domain use, at least fair market value is required after negotiation with the property owner, and it is limited to a five-year time span. He is inclined to be supportive with this Millcreek CRA Meeting Minutes 13 November 2018 Page 8 of 9

because of the engagement that has taken place with the City and because the people the residents have elected have earned his trust.

Stan Dudek, 770 E. Grand Cayman Drive, said he is not in the blighted area but a customer of businesses that are. He was surprised by the low bar that was set for what is deemed to be blighted. He said there is sidewalk damaged on his street, so he was amazed that something like that can be considered blighted. He supports local quality businesses like Quality Floral. He would like them removed from the blighted area survey.

Todd Anderson, 1352 E. 3345 S., said he would reserve his comments for the December 10, 2018 hearing.

Jemina Keller, 2910 Cascade Way, said she is not in the blighted area. She said she wholly supports the community reinvestment agency, it offers opportunity for Millcreek to enjoy a much-needed city center. Holladay has created an open space of amazing businesses and residences that are the cornerstone of their city. Millcreek and its residents deserve the opportunity to invest in their community.

Debra Sirstins, 1211 E. Ridgedale Lane, asked what it would take to annex Brickyard into Millcreek. She asked about counting votes for those that approve or object to this type of action. She felt there needed to be considerations for the people in the area on an individual basis.

Shawn Hansen, 949 Lorraine Avenue, said he has lived there for 13 years. He likes that he can walk to local floral stores. He said he visited Michael Goldberg at Quality Floral and he was down about the blight study. He likes that the City’s tagline is “Connected by Nature.” He hopes to protect local businesses and quality of life things that residents enjoy.

Nate Gibby, 3157 Louise Avenue, said he does not want anyone to lose businesses or homes. He does want better sidewalks, streetlights, and more money spent to do good in Millcreek and not in someone’s else’s community. He does not view the blight study as a land grab, but as a vehicle to find a creative way to generate revenue to make Millcreek a better place. He trusts the Council will make good decisions and supports the Reinvestment Agency.

Lisa Bagley, 3387 Honeycut Road, said she knows someone in the Mountair Subdivision. She has done research and knows the elected officials. They are good, honest people with integrity and they have been transparent. She knows that because she comes to the meetings they put on and she trusts the Council to make the right decisions. She is in support of the redevelopment. She read a quote by Zack Schofield that said, “Density may not be the only issue at hand. either, development should be designed in a way that complements the heritage of the existing community.”

Liz Eagan, 3926 Skyview Circle, said she is concerned about the words, “blight” and “eminent domain.” She wants words to be used that do not instill fear. She said there are a lot of empty commercial buildings that need to be dealt with. She said there is a Millcreek CRA Meeting Minutes 13 November 2018 Page 9 of 9

criminal activity statistics site on the Nextdoor Neighbor app and it matches the statistics that the City has presented.

Paxton Guymon said he represents the owners of 17 properties in the blight area. He made a request that the study be amended and updated to fix an obvious flaw. The dilapidation standard shows 29 properties are blighted for not having a sidewalk and 77 properties for not having curb and gutter. He read the definition for dilapidation, “as substantial physical dilapidation, deterioration, or defective conditions of existing buildings or infrastructure.” It does not say the absence of curb, sidewalk, or gutter constitutes dilapidation. He said other consultants have used the standard the City is using, but that does not make it right. He thanked the Chair for being open and for meeting with him and his clients. He asked the Agency to stick to statutory standards and not create new ones.

David Baird, 4538 Thousand Oaks Drive, said he appreciates the pride in ownership of the community. He believes the intent of the City is good. He is pleased in people rallying with neighbors. He has prior experience with other municipalities that did establish blight, it is not unusual. There is already a blighted area established on the west side of Millcreek. He is not aware of other Agencies that have used eminent domain power and wiped out an entire block. This is a positive tool and the relative peer groups have not resorted to using this tool very often. He is proud that everyone is gathering together to support the community.

Board Member Uipi asked Jason Burningham to clarify the criminal activity factor. Burningham said they are based on reports of crime, not just calls. Board Member Marchant asked about the false alarm calls on Goldberg’s Quality Flowers business. Burningham said the calls were included because they exist, but he will look into it.

Chair Silvestrini thanked the public for the civil discussion held.

Board Member Jackson moved to recess the public hearing and reconvene on December 10, 2018. Board Member Uipi seconded. Chair Silvestrini called for the vote. The motion passed unanimously.

2.3 Approval of August 13, 2018 Meeting Minutes

Board Member Marchant moved to approve the minutes. Board Member Uipi seconded. Chair Silvestrini called for the vote. The motion passed unanimously.

ADJOURNED: Board Member Marchant moved to adjourn the meeting at 9:52 p.m. Board Member Catten seconded. Chair Silvestrini called for the vote. The motion passed unanimously. APPROVED: ______Date Jeff Silvestrini, Chair

______Attest: Elyse Greiner, Agency Recorder

Attached: Attendance List, List of Exhibits, and Exhibit 9 letter; exhibits on file in the Recorder’s Office. City Council and Community Reinvestment Agency Meetings Attendance November 13, 2018 City Hall Annex

Attendees: Jason Burningham, Laura Huff, Michael Goldberg, Ryan Robison, Tina Grant, Bob Whyte, Neil Smith, Rob Watkins, Kris Gilbert, Carolin Cady, Josip Moger, Preston Stieff, Stan Dudek, Rick Cleverly, Torry Austin, John & Mary Kapos, D. Wenze, Spiro Nichols, Nate Gibby, Aaron Goldberg, Michelle Warner, David Nielsen, Jenna Liddell, Bradly Schleenbaker, Tanya Darr, Lorie James, Paxton Guymon, Kaiwen Shi, Andrew Rigley, RuJean Brunson, Lelsie Brunson, Jake & Shaundi Hill, Ann Owsley, Nick Fahs, Bennett Quidochoy, Miles Yamauchi, Larry Stensrul, Thodders May, Chris Metos, Karen Tsuyuki, Madison Denkers, Les Parkin, Lyle Warner, M. Ekston, Teri Mirrechin, Renee & Pam Roberts, David Baird, Thomas Nelson, Steven & Mary Alice Dechter, Seth & Hayen Radford, Stan Maoshorry, Carol Harris, Daniel Feldman, Shayline P., Karla Wilson, M. Katsanosas, Karen Snellman, Kristopher Carambelas, Carolyn West, B. Stringham, Lisa Wood, Glen Webster, Myrna Fisher, Michelle Burnett, Debbie Robb, Liz Eagan, Shonnie Hays, Allen Ringlee, Harlee Lyman, G. Stuart, Carol Elliot, Stephanie Steele, Holly Tuckett, Pegg H., Renee Gilson, Ruth Wood, Aaron Walker, Rebecca Reed, Jeff Plowgian, Taylor Smith, Kary Bagely, Kris Fidone, Scott Palmer, Susan Anderson, Carrie Sibert, Leslie Silvestrini, Laurel Osborne, Jordan Pugmire, Celina Rodriguez, Janna Rodriguez, Suzanne Dunbar, Marta Dopita, Michael Lasko, Ralf Pollei, Rahma Ahmed, Ladan Mohamed, Debra Sirstins, Garth Steck, Mehran Tahmassi, Deane Sharpe, Robert Sharpe, Susanne Garreth, Larry Plowgian, Larry Staten, Jean Staten, Leslie VanBlerkom, Alan Seyboldt, Daren Loft, Gary Doctorman, Joan Haven, Bonnie & Stan Carambelas, Ralph Morelli, Jemina Keller, S. Carson, Chad Rose, Stan Bowen, Ken Panza, Lacie Bown Jones, Heidi Dunfield, Brenda Goldberg, Allen Anderson, Shawn Hansen, Tanya Chapman, Trish Dubbeld, William Dubbeld, Russel Sorensen, John D., Kimberly Naffziger, Christine Parkin, Marc Draper, Jason Ekstrom, Graydon Harkin, Guy Larson, Kelly Smith, Jon Nepstad, Ramona Stromness, Katie Murakami, Jacob Murakami, Adam Flamm, Steve Clarke, Dan Northrup, Ashley Vanderhoof, Scott Miles, Ginne Bostrom, Amy Richins, William Swensen, Alice Steiner, Andrew Gruber, Matt D., Muzz Malone, Steve Hillas, Steve Kunz, Alice Cooke, Gayle Mahlert, Scott Simpson, N. Farkin Clements, Anching Lin, Jenny Burbank, Jennifer Jessup, Tim Hilbig, Tim Hayes, and Wes Heaps. Millcreek Exhibit List Nov 13, 2018

Pltf/Govt Date Description Address No. Marked 1 11/13/18 Carolin Cady Letter/1065 E Granite Mill Ct Comparative Analysis 1065 Granite Mill Court 2 11/13/18 Sue Denkers Letter /1065 E Granite Mill Ct Comparative Analysis 1059 Granite Mill Court 3 11/13/18 Stephanie Steele / Sotheby’s Realty Letter/ 3 photos 1054 Granite Mill Court 4 11/13/18 Aaron Walker Letter/ 1608 Granite Mill Ct Real Estate Comparative Analysis /1 1068 Granite Mill Court Photograph 5 11/13/18 Jake & Shaundi Hill/ Jake hill email/ LYRB study & photos 1287 E Ridgedale Lane 6 11/13/18 Jenny Burbank Letter (not enough notice) 1078 E 3300 South Salt Lake City, UT 7 11/13/18 Glen Webster Letter regarding objection to peeling paint 1075 E 3300 South /parcel # 16294040290000 8 11/13/18 Michael Goldberg Letter, photos 982, 988 East House (6 acres property) 9 11/13/18 Alice Larkin Letter, Timeline, Plans, 3350 South 1100 East / Parcel # 1629451048 10 11/13/18 Dan Northrup Photo – stone outside building 1390 East 3300 South 11 11/13/18 Dan Northrup – graffiti 1390 East 3300 South 12 11/14/18 Todd Kappos – Email and photos Parcel # 16293780260000 13 11/09/18 Brenda Wicks – Email 1049 E Granite Mill Ct 14 11/09/18 SEB Attorneys Letter/Comparative Market Analysis Representing: 1049,1054,1059,1060,1065, 1067, 1068 plus common area and road 15 11/13/18 Karey Bagley – letter and photos 1265 East Gunn Avenue 16 11/14/18 Kris Fidone – Email and photos 1275 East Gunn Avenue 17 11/13/18 Kristen Huetlinger email No address mentioned in email 18 11/14/18 Brenda Phillips email No address mentioned 19 11/12/18 Thomas Nelson (attorney for Skyline properties – fee owner of Home Depot) 3398 S Highland Drive 20 11/12/18 Aaron Goldberg Letter 1060 East 3300 South 21 11/07/18 Don and Carrie Knapton – Letter 3205 S 1324 E/Parcel # 1629410030000 22 11/02/18 Institute for Justice – Kevin Anderson No address 23 12/03/18 Todd Anderson Letter /1 photo (email and letter received so 2 copies) 1352 E 3345 S 24 11/21/18 Lyle Warner /2 photos 3211 South Highland Drive 25 11/23/18 P. Allen Ringlee – Letter and 2 photos 3360 South 1100 East 26 12/04/18 Thomas Jennings – 2-page email 3260 South Highland Drive 27 10/29/18 Fabian Van Cott – (3rd page halfway ruined) 5 pages including photos &email thread Attorney representing Michael Goldberg 28 12/05/18 Ron and Missy Hockemier 1 page email 3290 South 1000 East 29 12/05/18 D. Wenzl – 6-page handwritten letter 3240 South 1000 East 30 12/04/18 Leslie & Christine Parkin 1040 East 3190 South 31 12/04/18 Yan Li – 1 page letter 1067 East Granite Ct 32 12/04/18 Paxton R. Guymon 4 pg letter, 1 page directory, and Phillips affidavit Attorney for 18 parcels 33 11/19/18 Cody Hill email /map 34 12/04/18 Milad Emam attorney for Rebecca Reed & Paul Stout – email and 13 page letter 3261 South 1000 East 35 12/02/18 Aaron Lyman – Letter

Minutes of the Millcreek Community Reinvestment Agency November 26, 2018 7:30 p.m. Regular Meeting

The Community Reinvestment Agency of Millcreek, Utah, met in a Regular Meeting on November 26, 2018 at the City Hall Annex, located at 3330 S. 1300 E., Millcreek, UT 84106.

PRESENT:

Board Members City Staff Jeff Silvestrini, Chair John Geilmann, City Manager Silvia Catten John Brems, City Attorney Dwight Marchant Elyse Greiner, Agency Recorder Cheri Jackson Mike Winder, Economic Development Director Bev Uipi Kurt Hansen, City Services Director Francis Lilly, Community Development Director Laurie Johnson, HR-Finance Director Skyler Stratford, Emergency Manager

Attendees: Jen Betts, Ross Gigliotti, Suni Gigliotti, Suzanne Dunbar, Susan Brown, James Riley, Scott Brady, Austin Headrich, Ron Findlay, Darin Allen, Bijan Hosseini, Buddy Bennett, Tony Semerad, Richard Merrill, Gordon Clark, Dawnette C., Stephanie Steele, Holly Tuckett, Sue Denkers, Liz Eagan, Jeff Miles, Tina Grant, Christine Golesh, Dan Andersen, Ryan Robison, Laurel Osborne, Tim Bachman, Jeff Hatch, Aaron Walker, Pam Samlson, Lyle Warner, Karey Bagley, Kris F., Brent Larson, John K. Jeremy Ferre, Kimberly N., Mike Goldberg, Rebecca Reed, Randy and Lenette Casper, Alice Steiner, Les Parkin, Jeff Hatch, County Council Member Ann Granato, Chief Woolsey, and Chief DeBry.

REGULAR MEETING – 7:30 p.m. TIME COMMENCED: 7:57 p.m.

Chair Silvestrini called the meeting to order.

Chair Silvestrini said the process for the meeting was to consider and have a public hearing on the proposed plan and budget for the Millcreek Center Community Reinvestment Area (CRA). There are two parts to this; adoption of the CRA which is a vehicle the City can use to apply the increase in tax dollars this property may generate over the next twenty years toward infrastructure in that same area, and considering and holding a public hearing on the plan and budget. This issue is separate from the blight study which had a public hearing on November 13, 2018 and will be continued on December 10th. There will also be a town hall meeting tomorrow at 6:30 p.m., the purpose of which is to talk about and answer questions on the CRA and blight study. He went through the schedule of meetings. December 5th at noon is the deadline to submit written comments on the blight study and on December 17th is a special meeting at which the Agency will make a determination on whether there is blight or not through the standards established by state law. On January 14, 2019, there will be a final public hearing on the Millcreek CRA Meeting Minutes 26 November 2018 Page 2 of 4

Millcreek Center CRA plan and budget. Staff has been meeting with concerned residents about the blight study area. Chair Silvestrini showed the original proposed blight survey area map and the proposed revised blight area map that was based on public comment. He said a lot of the residential property has been removed because the Council does not anticipate the use of eminent domain there. He said he will recommend to the City Council to adopt this new map or a reduced map on the survey area. He asked the Council (Agency) if they would support the new map. Board Member Catten said she would support it as is but is inclined to listen to more public feedback on it. Board Member Uipi said she is comfortable with it because it was based on what was heard from the community. Board Member Marchant said he fully supports the changed map. Board Member Jackson echoed Board Member Marchant’s comment. Chair Silvestrini said the map may change by the 10th, and if it does it will get smaller.

1. Business Matters 1.1 Public Hearing on Consideration of the Draft Project Area Plan and Budget for Millcreek Center Community Reinvestment Area Mike Winder said the Community Reinvestment Agency is a tool given to cities by State law. The State gives a variety of reasons as to why these agencies would be created. Winder went through the process of creation, which is: Step 1, a resolution authorizing the preparation of a Project Area Plan along with the description of the proposed Project Area; Step 2, research of potential development and project needs by drafting the Project Area Plan and Budget; Step 3, noticing the Project Area Plan, holding a public hearing regarding the Project Area Plan and Budget, and adopting the plan by the Agency and City; and Step 4, negotiation and adoption of interlocal agreements with taxing entities. He went through the proposed Millcreek Center CRA project area boundary which is around the Brickyard Plaza. He said the CRA is a 20-year tool for the area, but the focus is between Richmond (1300 E.) and Highland Dr. around 3300 S. He illustrated a map showing the fault line and how it creates an opportunity for a focal point parkway. The City Center will include a walkable mixed-use destination, civic and public gathering space, an amenity and open space for the whole city, it enhances and celebrates local businesses, it will create vibrant gathering places, and it is an engine of population and tax base to help keep taxes low for Millcreek.

He said the CRA is a critical piece to making the Millcreek Center happen. The development assumptions and tax base in the area is to receive the first tax increment receipt by 2020, the estimated base year tax value (2017) will be $171,770,214, the incremental assessed value in 20 years will be $131,805,185, and the total assessed value in 20 years will be $303,575,399. The requested tax increment participation from taxing entities will be 80% for 20 years. Winder showed charts on the tax increment; base year taxes; pass-through increment to taxing entities; estimated sources of tax increment; and estimated uses of tax increment, which includes 5% for administration and operation costs, 20% for the housing requirement, and the rest for redevelopment activities. The second public hearing on will be held on January 14, 2019 to adopt the Millcreek Center Plan and Budget.

Chair Silvestrini opened the public hearing.

Millcreek CRA Meeting Minutes 26 November 2018 Page 3 of 4

Ryan Robison, Attorney for Granite Mill Home Owners Association, thanked the Agency for listening to his client. He said his client is still included in the revised CRA. He said the community consists of eight privately owned parcels. He said there would not be any additional tax revenue generated by or near them. He said there is no public infrastructure surrounding the property that could be improved therefore there is no purpose to include them in the CRA and he asked for them to be removed.

Ann Granato said she was representing herself not as a County Council Member. She asked where she could get copies of the budget slides. Chair Silvestrini said they are on the City’s website in the meeting’s packet. She asked about the 20% housing requirement. Chair Silvestrini said the funds will be used in this area of Millcreek for affordable housing and will not be going to the County. She asked if it would be part of the requirement as developers build. The Chair confirmed.

Jeff Hatch, 1704 E. Millcreek Way, said public transportation and private vehicles transverse through the area. He brought up Sugar House as a comparison and said he thinks the transportation there is very difficult to take advantage of. He would hope the increment generated could be used for transportation to reduce pressure on pedestrians and people using the transportation vehicles. He said with an increase in residents in the area, he does not want Millcreek to squeeze itself on putting in improvements. Chair Silvestrini said the tax increment would be used to assist with transit in the area. There are two traffic study firms that are studying and advising the planning efforts in the City center. Millcreek has also joined with Salt Lake City to apply for a grant to study mobile transportation in the area from Sugar House to the old Cottonwood Mall.

Board Member Jackson moved to close the public hearing. Board Member Marchant seconded. Chair Silvestrini called for the vote. The motion passed unanimously.

Mike Winder said the CRA was drawn with logical boundaries and in the next twenty years the increment could improve the neighborhood. The City has twenty years to capture the increment. He said the sooner it’s put into place the better and all properties in the CRA will benefit. Chair Silvestrini said the increment may not be spent on one street because it is not a public road, but it may be spent on the sidewalk that residents would still use to get to the area. The tax increment generated in the area needs to be spent in the area. Chair Silvestrini said this hearing would be continued to the January 14, 2019 meeting.

1.2 Discussion and Consideration of Resolution 18-10, Adopting an Official Plan for the Olympus Hills Community Reinvestment Project Area Chair Silvestrini said the public hearing was held on these matters at the last meeting and no opposition was expressed at that time.

Board Member Jackson moved to adopt Resolution 18-10, Adopting an Official Plan for the Olympus Hills Community Reinvestment Project Area. Board Member Uipi seconded. Chair Silvestrini said he appreciated the work of the consultant on the plans and budgets. Chair Silvestrini said the only comments received on these items were positive. The Agency Recorder called for the vote. The motion passed unanimously. Millcreek CRA Meeting Minutes 26 November 2018 Page 4 of 4

1.3 Discussion and Consideration of Resolution 18-11, Adopting the Project Area Budget for the Olympus Hills Community Reinvestment Project Area

Board Member Uipi moved to approve item 1.3, Resolution 18-11. Board Member Catten seconded. The Agency Recorder called for the vote. The motion passed unanimously.

1.4 Discussion and Consideration of Resolution 18-12, Adopting an Official Plan for the Canyon Rim Commons Community Reinvestment Project Area

Board Member Catten moved to adopt Resolution 18-12. Board Member Uipi seconded. The Agency Recorder called for the vote. The motion passed unanimously.

1.5 Discussion and Consideration of Resolution 18-13, Adopting the Project Area Budget for the Canyon Rim Commons Community Reinvestment Project Area

Board Member Jackson moved to adopt Resolution 18-13, Adopting the Project Area Budget for the Canyon Rim Commons Community Reinvestment Project Area. Board Member Catten seconded. The Agency Recorder called for the vote. The motion passed unanimously.

ADJOURNED: Board Member Uipi moved to adjourn the meeting at 8:29 p.m. Board Member Jackson seconded. Chair Silvestrini called for the vote. The motion passed unanimously.

APPROVED: ______Date Jeff Silvestrini, Chair

______Attest: Elyse Greiner, Agency Recorder

Minutes of the Millcreek Community Reinvestment Agency December 10, 2018 7:30 p.m. Regular Meeting

The Community Reinvestment Agency of Millcreek, Utah, met in a Regular Meeting on December 10, 2018 at the City Hall Annex, located at 3330 S. 1300 E., Millcreek, UT 84106.

PRESENT:

Board Members City Staff Jeff Silvestrini, Chair John Geilmann, City Manager Silvia Catten John Brems, City Attorney Dwight Marchant Elyse Greiner, Agency Recorder Cheri Jackson Mike Winder, Economic Development Director Bev Uipi Kurt Hansen, City Services Director Francis Lilly, Community Development Director Rita Lund, Communications & Programs Director Blaine Gehring, Planner

Attendees: Susan Brown, Ron Findly, Ross Gyhiott, Susan DeLegge, Bruce Parker, Carol Elliot, Larry Plowgian, Jeff Plowgian, Sue Denkers, Leslie Blackham, Mike Gibson, Muzz Malouf, Carol Flowers, Lynn Draper, Greg Strong, Joan Haven, Kelly Roemer, Stephanie Woody, Doug Smith, Kimberly Otto-Biebeyl, Shonnie Hays, Lynda Bagley, Mary Alice Dechter, Jordan Odette, Taylor Brodate, Zane DeLucia, Gary Hanneman, Tina Grant, Tom Nelson, Christine Golesh, Dee Andersen, Dan Andersen, Lyle Warner, Mary Ann Astin, Kyle Anderson, Stuart Jensen, Heather Jensen, D. Wenzl, Lenette Casper, Stephanie Steele, Bill Dubbeld, Ryan Robison, Pam & Renee Roberts, Sheryl Martin, Kimber Naffziger, Jake Hill, John & Mary Kapes, Lea Cotter, Mya Taaffe, Brenda Wicks, Lee Parkin, Torry Austin, Aaron Walker, Cory Minson, and Jennifer Beitel.

REGULAR MEETING – 7:30 p.m. TIME COMMENCED: 7:30 p.m.

Chair Silvestrini called the meeting to order. He said this meeting was originally scheduled to be the resumption of the public hearing on the blight study from mid-November. He said since the hearing, the Agency had requested that written comments on the blight study be submitted to them by December 5, 2018. Chair Silvestrini said city staff and the Council members met with residents in the blight area and received a lot of public input with almost unanimous comments being against the idea of continuing with the blight study. The Council (Agency) thought that pursuit of the blight study was not something that they needed to do based on the input received. He said the resolution on the agenda was to terminate the blight study and pursue the Millcreek Center Community Reinvestment Area (CRA) without it.

Millcreek CRA Meeting Minutes 10 December 2018 Page 2 of 4

1. Welcome, Introduction and Preliminary Matters 1.1 Discussion and Consideration of Resolution 18-14, Terminating the Blight Study for the Millcreek Center CRA, Directing that the Proposed Millcreek Center CRA be Created without any Finding of Blight and Without the Use of Eminent Domain for a Private Purpose Chair Silvestrini asked for a show of hands from the audience on support of terminating the blight study. He then asked for a show of hands from those who felt the Agency should continue with the blight study. The audience voted to terminate it. Chair Silvestrini said the Council (Agency) was there to represent the residents of Millcreek. He said they may have crazy ideas on how to implement things on what residents say would make the City better and it is their goal to make the City better, but when a majority of people tell them they are going in the wrong direction, they listen. He thanked the public for letting them know. He said they want to build trust and said anyone could approach them. He said they may not always be able to accommodate people because they must consider the interests of 60,000 residents.

Aaron Walker, 1068 Granite Mill Court, thanked the Agency for the resolution. He asked about protections from this happening again in the future.

Tina Grant, 1235 E. Elgin Avenue, thanked the Council for listening and responding to the residents.

Mya Taaffe, 2070 E. 3335 S., said she has been a resident in Millcreek since the 70’s. She said she attended several Millcreek township meetings. She understood from incorporating that money would not go to the County for county-wide projects instead of in her residential community. She said she hopes that is the direction the City is going.

Mike Gibson, representing Tres Hombres at 3298 S. Highland Drive, said he appreciated the Mayor listening to the constituents. He said the property owners thanked him and would like to help be part of the planning process.

Chair Silvestrini said he had requested copies of the caricatures drawn of him that had circulated in the public and on the millcreeklandgrab.com website. He said it was important for elected officials to remember who their bosses are.

Joanne Wong, 3004 Evergreen Avenue, said she was opposed to the general plan. She asked the Agency to treasure and support local businesses and residents.

Mike Winder said it was an honor to work with the property owners on this matter. He said it was an honor for staff to work with a Council who listened to their people. He said staff provides the Council with recommendations, but it’s then their job to sift that with the public feedback and decide what is best policy. He said staff supports the Mayor and Council and they are excited to continue to build a wonderful Millcreek that embraces both existing businesses and others who may want to come to the City.

Lea Cotter, 4674 S. Montego Place, asked about a plan to help owners of properties who are considered blighted to help restore value or appearance to their property.

Millcreek CRA Meeting Minutes 10 December 2018 Page 3 of 4

Chair Silvestrini said part of the reason they formed the community reinvestment area was to use the increased tax revenue that redevelopment creates to rehabilitate some of the public infrastructure. They will not paint residents’ houses, but will try to fix sidewalks, streets, and the like.

Board Member Jackson moved to adopt Resolution 18-14, Terminating the Blight Study for the Millcreek Center CRA. Board Member Catten seconded. Board Member Catten said it was never the intention to take anyone’s property. She apologized for heartache caused and said the Agency saw this as a tool they could use in a very rare situation. Board Member Marchant thanked the audience for being involved, it’s their city. Board Member Uipi echoed Board Member Catten’s sentiments and encouraged the Council (Agency) to be more thoughtful about processes that affect people’s property rights and that they have conversations with the community before moving forward with development plans. Board Member Jackson thanked the audience for being involved and for their feedback. She appreciated the opportunities to meet with people. She said the silver lining in this is that the audience found a community that supports their neighborhood and that is willing to rally and work hard to better their community. Chair Silvestrini said he agreed with everything that has been said. He said he appreciated the turnout and encouraged residents to stay involved. He said the Agency can make the City better with the public’s help and the Agency needs help in planning the three CRA’s. The Agency Recorder called for the vote. The motion passed unanimously.

Chair Silvestrini said because the Agency passed Resolution 18-14, they do not need to have the presentation, item 1.2, or resume the hearing, item 2.1, so those items are stricken from the agenda.

1.2 Millcreek Community Reinvestment Agency Presentation

2. Business Matters 2.1 Public Hearing on consideration of Millcreek Center Community Reinvestment Project Area Blight Study

2.2 Discussion and Consideration of Resolution 18-15, Approving Amendment No. 1 to the Interlocal Agreement with the Redevelopment Agency of Salt Lake County Regarding the Transfer of the West Millcreek Urban Renewal Area from the Redevelopment Agency of Salt Lake County to the Millcreek Community Reinvestment Agency Chair Silvestrini said Millcreek inherited an RDA (URA), which is what CRA’s used to be called. The Agency already entered into an interlocal agreement with Salt Lake County to provide for the transfer of control with the Millcreek URA to Millcreek. When the Agency entered into the agreement, they thought that the RDA had $372,947.30. Winder said the amendment to the interlocal is to change the amount to $486,321.39. The change is to the amount that the County will pay to Millcreek. Chair Silvestrini asked for public comment on the matter. There was no comment. Board Member Catten clarified that the only text change was the amount. Chair Silvestrini said that was correct.

Board Member Catten moved to approve Resolution 18-15, Approving Amendment No. 1 to the Interlocal Agreement with the Redevelopment Agency of Salt Lake County Millcreek CRA Meeting Minutes 10 December 2018 Page 4 of 4

Regarding the Transfer of the West Millcreek Urban Renewal Area from the Redevelopment Agency of Salt Lake County to the Millcreek Community Reinvestment Agency with the amended amount. Board Member Uipi seconded. The Agency Recorder called for the vote. The motion passed unanimously.

ADJOURNED: Board Member Jackson moved to adjourn the meeting at 7:51 p.m. Board Member Uipi seconded. Chair Silvestrini called for the vote. The motion passed unanimously.

APPROVED: ______Date Jeff Silvestrini, Chair

______Attest: Elyse Greiner, Agency Recorder