Department of Workforce Services

JON S. PIERPONT State of Executive Director

GARY R. HERBERT CASEY R. CAMERON Governor Deputy Director

SPENCER J. COX GREG PARAS Lieutenant Governor Deputy Director

MEMORANDUM

To: Private Activity Bond Authority Board Members From: John T. Crandall, Chairman Date: December 10, 2018 Subject: Meeting Announcement and Agenda for December 19, 2018

The next meeting of the Private Activity Bond Review Board will be held on Wednesday, December 19, 2018, at 9:00 a.m., at Utah Corporation at 2479 South Lake Park Boulevard, West Valley City, Utah.

Agenda Page

I. Welcome and Introductions

II. Approval of Minutes (October 10, 2018) 4

III. Status of Accounts 12

IV. Volume Cap Extension Requests Extension Request

a. Single Family Account Carry Forward 19 Single Family Housing Issuer – Utah Housing Corporation Original Allocation - $136,790,835

b. Multi-Family Housing Projects

1. Broadway-Heritage Village First 21 48 Units – All Affordable Tooele, Utah Developer – Broadway-Heritage Village LLC Original Allocation - $4,500,000

1385 South State Street, 4th Floor, , Utah 84115 • Telephone 801-468-0091 Relay Utah 711 • Spanish Relay Utah 1-888-346-3162 Fax 801-468-0211 • jobs.utah.gov • Equal Opportunity Employer/Programs

Volume Cap Extension Requests (cont)

2. Arcadia Phase II First 22 177 Units – All Affordable Sandy, Utah Developer – Wasatch Residential Group Original Allocation - $21,500,000

3. Exchange A First 23 286 Units – 58 Affordable; 228 Market Rate Salt Lake City, Utah Developer – Downtown SLC Partners, LLC. Original Allocation - $19,000,000

4. The Exchange B Second 24 126 Units – 40 Affordable; 86 Market Rate Salt Lake City, Utah Developer – Downtown SLC Partners, LLC Original Allocation - $11,195,000

5. Jordan Bluffs Third 27 192 Units – All Affordable Midvale City, Utah Developer – Wasatch residential Group Original Allocation - $24,750,000

6. TriView Third 30 276 Units – All Affordable Draper City, Utah Developer – Triago Ventures, Inc. Original Allocation – $30,798,000

7. MODA Union Third 33 206 Units – All Affordable Midvale City, Utah Developer – JF Capital Original Allocation - $21,900,000

8. Red Rocks at Sienna Hills Fourth 36 286 Units – All Affordable Washington City, Utah Developer – Triago Ventures, Inc. Original Allocation – $30,847,000

Volume Cap Extension Requests (cont)

9. Liberty Uptown Seventh 39 109 Units – 46 Affordable; 63 Market Rate Salt Lake City, Utah Developer – Cowboy Partners Original Allocation - $16,500,000 Requesting an additional $1,000,000

10. Hub of Opportunity Ninth 42 98 Units – All Affordable Salt Lake City, Utah Developer – Columbus Foundation Original Allocation - $14,000,000

V. Volume Cap Allocation Requests Amount Requested Page

1. Lincoln Tower $8,665,000 46 95 Units – All Affordable Salt Lake City, Utah Developer – Wishcamper Developers

2. SPARK! $11,500,000 52 127 Units – 99 Affordable; 28 Market Rate Salt Lake City, Utah Developer – Brinshore Development

3. 255 State 4 $11,180,000 59 117 Units – 76 Affordable; 41 Market Rate Salt Lake City, Utah Developer – Brinshore Development

VI. Other Business and Adjournment

A. 2019 Volume Cap B. New Application C. PAB Rules D. Board Training

E. Next Meeting – Wednesday, January 16, 2019, 9:00 a.m.