DOCSLIB.ORG

Provo College 1450 West 820 North, Provo, Utah

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

PROVO COLLEGE 1450 WEST 820 NORTH, PROVO, UTAH BRYCE BLANCHARD EXCLUSIVELY [email protected] MARKETED BY: 801.578.5534 TABLE OF CONTENTS STORY OF THE DEAL Utah continues to be a hotspot for commercial real estate investors based on the incredible fundamentals existing in the Beehive State with the city of Provo right at the heart of such excitement. We are pleased to bring the Provo College building to market for buyers looking for above average yield from a long-term tenant in one of the most notable submarkets in the country. The New Yorker recently proclaimed the region as “the next Silicon Valley” and is home to tech giants like Novell, Qualtrics, Bluehost, and Novatek. Complimenting a great tech and education scene is the superb quality of life found in Provo--ranked as the #2 Greatest Place to Live in America according to Outside Magazine with its access to trails, rivers, mountains, lakes, healthy eating, bike lanes, and green space. Provo is a Google Fiber community and features a thriving post secondary education scene including Brigham Young University and Utah Valley University in Orem just to the north alongside specialized degree and training programs like Provo College. With an average age of only 23.3 years, Provo has THE YOUNGEST POPULATION of any city in the nation. Where better to own an education-based real estate investment? We love that the Provo College curriculum is 100% built for the health care industry which can also be recession-resistant. Established in the building since 1999, the tenant is committed to the campus long term with its convenient location, reasonable rent, strong enrollment, quality build-out, and functional layout for their health-care industry degree programs. PROVO COLLEGE 3 EXECUTIVE SUMMARY • Long-Term Tenant – Since 1999 • Absolute Net Lease structure provides maximum cash flow to owner without any responsibilities • 7.5% cap rate with future rental increases provides strong return at a real estate basis ($180 PSF) far under $5,960,480 replacement cost $ PURCHASE PRICE • 4.11 Acres • Above Market Parking Ratio – 6.2/1,000 SF • Provo College has curriculum and degrees based exclusively on the healthcare Industry which is highly cycle- resilient 7.5% • Located in the education-centric submarket of northwest Provo in immediate proximity to the following: Ivy Hall CAP RATE Academy, Freedom Preparatory Academy, Independence High School, and Freedom Academy • Just over a mile from the Brigham Young University campus • Less than a mile from Intermountain Utah Valley Hospital • Google Fiber Community with access to 1 Gigabit speeds • Salt Lake International Airport, located 45 miles north of Provo, can be easily accessed by the Utah Transit $447,036 Authority (UTA) Commuter Rail Link (FrontRunner) which stretches 80 miles north through Salt Lake County to $ NOI Ogden, Utah. Provo Municipal Airport (PVU) also operates with commercial carrier Allegiant Air, with regularly scheduled flights to Phoenix/Mesa, the San Francisco Bay Area, and Los Angeles. PROVO COLLEGE 4 FINANCIAL ANALYSIS RENT ROLL TENANT SF $ PSF MONTHLY ANNUAL LED COMMENTS - Absolute Net Lease - Rent Increases to $37,942 on 7/1/2020 (1.85% increase), then Provo College 33,065 $13.52 $37,253 $447,036 6/30/2023 increases to $38,631 on 7/1/2021 (1.82% Increase) - Two 5 year renewal options at FMV PROVO COLLEGE 5 FINANCIAL ANALYSIS INVESTMENT SUMMARY & CASH-ON-CASH SCENARIO INVESTMENT SUMMARY NOI $447,036 Cap Rate 7.50% Net Purchase Price $5,960,480 CASH-ON-CASH – SCENARIO Down Payment 2,086,168 New Loan 3,874,312 Annual Loan Service* (269,084) Free 'n Clear Cash Flow 177,952 Cash on Cash Return 8.5% 1st Year Principal Reduction 81,047 1st Year Return Including Principal 12.4% *Assumed a new 4.9% interest, 25 year amortizing loan at 65% LTV (quote provided by The Madison Group) Loan Quote Provided By: Angela Kesselman The Madison Group Associate Director of Finance T. 435 659 2200 C. 801 631 6684 F. 435 729 7171 [email protected] www.madisongroupfunding.com PROVO COLLEGE 6 FINANCIAL ANALYSIS ANNUAL PROCEEDS 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5 YEAR 6 YEAR 7 YEAR 8 YEAR 9 YEAR 10 Capital Investment $(2,086,168) Incoming Cash Flows $447,036 $455,304 $463,572 $463,572 $472,843 $482,300 $491,946 $501,785 $511,821 $522,057 Less: Vacancy & Reserves 0% $- $- $- $- $- $- $- $- $- $- Less: TI's per assumption $25.00 $- $- $- $- $(165,325) $- $- $- $- $- Less: Brokerage Costs 6% $- $- $- $- $(28,938) $- $- $- $- $- Less: Downtime (months) 9 $- $- $- $- $(70,927) $- $- $- $- $- Less: Debt Service* $(269,084) $(269,084) $(269,084) $(269,084) $(269,084) $(269,084) $(269,084) $(269,084) $(269,084) $(269,084) Total Annual Cash Flows $(1,908,216) $186,220 $194,488 $194,488 $(61,430) $213,216 $222,862 $232,701 $242,737 $252,973 SALES PROCEEDS MORTGAGE PAYOFF ASSUMPTIONS NOI at Time of Sale** $532,499 $(2,086,168) Year Payoff Amount Sensitivity Analysis Cap Rate Disposition Price Year of Mortgage* 10 $2,854,360 7.75% $6,870,949 Cost of Sale 4.0% *Assumes sale at the end of year 10 **Assumes NOI of year 11 is underwritten with discount of 0.00% DEAL ANALYSIS Total Cash Flows $(1,908,216) $186,220 $194,488 $194,488 $(61,430) $213,216 $222,862 $232,701 $242,737 $3,994,723 Deal IRR 14.99% PROVO COLLEGE 7 860 North 500 cars/day 820 North 6,300 cars/day PROVO COLLEGE 8 y a d / s r a c 0 0 3 , 6 h t r o N 0 0 8 y a d / 9 s r a y a c d / 0 s 0 r 1 a , c 3 0 0 5 h t r DHI ComputingService, Inc. o N 0 0 5 h t r o N 0 2 8 2,200 cars/day Independence Avenue y a d y / a d s / r s r a a c c 0 IndependenceHigh School 0 0 0 , 0 6 2 4 , 1 9 Trolley Trax Storage, LLC 15¨§¨ 1 1,00 0 c ar s/d ay G en ev a Ro ad PROVO COLLEGE Vi 800 North ne nnector y a r d Co C a n y o Vineyard n R S o t a d a t d a t s o e Center Street a R S E t a r 0 v e 0 e e 8 t n e G Orem University Parkway 2230 North rkway Univer sity Pa L 15 a ¨§ k e v i Utah Lake e w P a e u r t k n s w e e t !\ v a s W y A a 0 E y 0 t i 5 0 s 0 r 9 e v i Center Street n U Provo S t a t e S t r e e L a t ke vi ew P a r k way 18 60 S outh 75 t e e r t S n i Springville a M 10 400 South PROVO COLLEGE Riverton Draper Herriman Heber Bluffdale DRIVE TIME TO: Alpine 15 215 804 Minutes84 Camp Williams Highland Downtown Provo 7 Minutes Cedar Lehi Hills 8 Minutes American Saratoga Fork Wallsburg Springs Pleasant Salt Lake City 40 Minutes Grove Eagle Mountain Lindon Cedar Fort Vineyard Orem Fairfield \! Provo Utah Lake Springville Spanish Mapleton Fork Salem Payson 15 Genola ¨§ Santaquin PROVO COLLEGE 11 Eureka Goshen TENANT PROFILE ABOUT PROVO COLLEGE ACCREDITATIONS AND AWARDS With thousands of graduates along the Wasatch Front, Provo College is committed to healthcare education in Utah. Their mission is to help committed students attain rewarding careers through student-centered training and education of the highest quality. Provo College is accomplishing this mission by teaching the skills that apply directly to the healthcare employers in Utah County. Provo College is known for giving power to students and associates by teaching cutting-edge, competency-based education, and leadership and personal effectiveness skills to have the career and life they desire. Provo College offers high caliber, career-specific programs in medical assisting, Bachelor of Science in Nursing, RN to BSN and Physical Therapist Assistant Associate Degree from this campus. In today’s job market, college graduates with career specific skills are in demand. Provo College’s programs are developed with industry professionals who assist them with curriculum development and graduate recruiting. PROVO COLLEGE 12 AREA OVERVIEW ABOUT PROVO Home to Brigham Young University; hosts of international, Fortune 500 and multi-million dollar companies; world-class recreational and sporting facilities; and as both the largest city and County Seat of Utah County, Provo receives consistent national rankings for job growth, entrepreneurship, affordability and livability. BEST PLACE FOR BUSINESS With a $16 billion economy and home to the third-largest private college, Brigham Young University, Forbes has ranked Provo as the best place in America for business and careers. UNSURPASSED QUALITY OF LIFE Nestled between Utah Lake and the Wasatch Range, Provo has immediate access to some of the greatest outdoor recreational opportunities in the Mountain West. A rejuvenated downtown and bustling music scene provides unique venues for evening gatherings. HIGH-TECH HOTSPOT Recently, The New Yorker proclaimed that Utah is "the next Silicon Valley." Provo punches far above this weight with two of the word's 73 private venture funded companies with valuations over $2B. POPULATION PROVO 2018 ESTIMATED POPULATION 17,714 2023 PROJECTED POPULATION 19,170 2018 EST. DAYTIME POPULATION 17,199 HOUSEHOLDS 2018 ESTIMATED HOUSEHOLDS 5,589 2023 PROJECTED HOUSEHOLDS 6,029 INCOME 2018 EST. AVERAGE HH INCOME $111,339 2018 EST.
Recommended publications
  • BYU Student Health Plan Brochure

    BYU Student Health Plan Brochure

    Who to Contact Important Keys to Remember • Diabetic supplies covered by the Student Health Plan are now SHC HEALTH PLAN OFFICE available through any DMBA contracted pharmacy, including the SHC pharmacy . As of January 3, 2005, covered diabetic Enrollment, premium, coverage info . 801-422-2661 supplies are covered at 80% when you fill the prescription at 1750 N . Wymount Terrace Dr ., 2nd Floor a contracted pharmacy . If you have questions about diabetic Provo, UT 84604 supplies, please contact DMBA 8 a .m . to 5 p .m ., Monday through Friday • If you are a graduate student or continuing education student with fewer than nine credit hours per semester, you will not be BYU Student Health Plan Email . healthplan@byu .edu enrolled automatically in the plan . You must enroll for coverage Fax . 801-422-0764 online, in person at the SHC Health Plan Office, or send an Online appointment scheduling . health .byu .edu email to healthplan@byu .edu . 2021-2022 SHC appointment scheduling . 801-422-5156 • DMBA will assign you a unique ID number . This DMBA 8 a .m . to 5:30 p .m ., Monday through Friday ID number is your policy number . Contact DMBA for your insurance card if you do not receive your ID number . AUG. 30, 2021 TO AUG. 28, 2022 SHC preauthorization . 801-422-5147 SHC urgent care . 801-422-5128 • The SHC is your primary source of medical care. Only eligible services not available at the SHC will be approved for • Insurance coverage is mandatory for 8 a .m . to 5:30 p .m ., Monday through Friday outside referral.
  • Ed 087 354 Title Institution Pub Date Note Available From

    Ed 087 354 Title Institution Pub Date Note Available From

    DOCUMENT RESUME ED 087 354 HE 005 172 TITLE ,'accredited Postsecondary Institutions and Programs 1972, Tncluding Institutions Holding Preaccredited Status as of September 1,1972. INSTITUTION Office of Education (DHEW), Washington, D.C. PUB DATE 1 Sep 72 NOTE 203p. AVAILABLE FROM Superintendent of Documents, U.S. Government Printing Office, Vashington, D.C. 20402 (Order No. 1790-01103, $2.00) EDRS PRICE MF-$0.65 HC-$9.87 DESCRIPTORS *1,ccreditatioa (Institutions); *Certification; *Higher Education; *Institutions; *Vocational Schools ABSTRACT This is the second annual edition of a list of postsecondary institutions and programs that are accredited by, or have preaccredited status awarded by, the regional and national specialized agencies recognized by the U.S. Commissioner of Education. In addition to the lists of postsecondary specialized and vocational institutions and institutions of higher education that have attained accredited status as of September 1, 1972, this publication includes those institutions or programs that have attained a preaccredited status with the accrediting agencies having recognized procedures for assigning such status. Not included are lists of institutions that are approved, recognized, classified, or licensed by State agencies authorized to perform these functions. This publication is revised annually to record the chang?.s that occur among the institutions and programs that are accredited or have a preaccredited status. (Author/PG) 0, .). K At - TE EP,At, Os . accredited tseconday Institut= and pcograms 1972 The Role of Voluntary Accreditation in the United States One of the distinctive features of American education is that the development and maintenance of educational standards are the responsibilities of nongovern- mental, voluntary accrediting associations.
  • 2013 GGP Fact Sheets.Indb

    2013 GGP Fact Sheets.Indb

    PROVO TOWNE CENTRE PROVO, UTAH 110 NORTH WACKER DRIVE CHICAGO, IL 60606 312 960 5000 PROPERTY HIGHLIGHTS MALL INFORMATION • Provo Towne Centre serves as the gateway into Northern LOCATION: I-15 and University Avenue cross streets Utah, conveniently located off the I-15 interstate and MARKET: Salt Lake City-Orem/Provo, Utah University Avenue. This artery receives an impressive average of 124,000 car counts daily. DESCRIPTION: Two-level, enclosed, regional center • Top performing categories include home furnishings and ANCHORS: Dillard’s, jcpenney, Sears, Cinemark Theatres accessories, health and beauty, jewelry and casual dining. OTHER FEATURES: 16-screen stadium-style theater, children’s soft • jcpenney underwent a key renovation in 2010, adding play area, 8-unit food court with children’s seating, and 1,900 square feet, including a Sephora department. fl oor-to-ceiling panoramic windows • Prompted by the changes in the Utah County retail TOTAL RETAIL SQUARE FOOTAGE: 801,601 landscape, Dillard’s now carries 30+ high-end brands new PARKING SPACES: 3,959 to the trade area. OPENED: 1998 • No state can match the consistent performance of Utah. It is the only state that ranks among Forbes’ top 15 states in each of six main categories: business costs, labor supply, TRADE AREA PROFILE regulatory environment, economic climate, growth prospect 2013 POPULATION 530,431 and quality of Life. (Forbes, November 2011) 2018 PROJECTED POPULATION 577,685 ALL ABOUT FAMILY 2013 HOUSEHOLDS 145,014 2018 PROJECTED HOUSEHOLDS 158,155 • Provo Towne Centre boasts over 70 family-inspired community events annually, including Provo City’s 15,000+ 2013 MEDIAN AGE 25.1 attendance New Year’s Eve event.
  • N a S W Spring

    N a S W Spring

    National Association of Social Workers Utah Chapter NASWNews Spring 2013 Membership Matters! May 17th, 2013 University of Utah College of Social Work N A S W Spring Okazaki Community Room, Goodwill Building Professional Education Series Upcoming 9am-12pm: Ethical Practice: A Social Work- Events er’s Best Defense Against Malpractice* (3 ceu’s) May 17th: Spring Series Josephine Allen, PhD, LCSW May 22nd: CEU’s Near You: Utah County, 1pm-4pm: Play Therapy with Children and Northern Utah June 5th: CEU’s Near Families (3 ceu’s) You: St. George Clair Mellenthin, LCSW June 14th: CEU’s Near -OR- You: Salt Lake 1pm-4pm: Understanding the Cultural and June 26th: CEU’s Near You: Northern Utah Clinical Implications in Working with LDS Wom- CEU’s Near You are free en with Depression (3 ceu’s) workshops for NASW Kris Doty, PhD, LCSW Members. www.utnasw.org for Look inside for details and registration more information * Meets standards for Utah’s ethics requirement, and entitles NASW members Vote now! P.7 to a 10% discount on NASW sponsored malpractice insurance. NASW Board of Directors Members! You are holding 1.0 ceu’s! Read the newsletter, correctly answer the questions on page 11, and receive a certificate for 1.0 ceu’s! 2 NASW Spring Professional Education Series May 17th, 2013 9:00 AM - 12:00 PM Ethical Practice: A Social Worker's Best Defense Against Malpractice Josephine A.V. Allen, PhD, LCSW (3) This session, developed especially for social workers, is sponsored by NASW Assurance Services, Inc. (ASI), and describes the most significant malpractice risks in social work today and numerous methods of miti- gating and reducing one’s risk of being sued for malpractice.
  • Provo City, Utah

    Provo City, Utah

    Popular Annual Financial Report for the year ended June 30, 2018 2018 PAFR PROVO CITY, UTAH Table of Contents To the Citizens of Provo City ............................................................................................................ 1 Provo at a Glance ............................................................................................................................. 2 Meet the Elected Officials ................................................................................................................. 3 Key Services of Provo City................................................................................................................ 4 Significant Events of Provo City ........................................................................................................ 5 Statement of Net Position ................................................................................................................. 6 Statement of Activities ....................................................................................................................... 7 Where General Fund Money Comes From ....................................................................................... 8 Where General Fund Money Goes ................................................................................................... 9 General Fund, Fund Balance .......................................................................................................... 10 Library Fund ...................................................................................................................................
  • Novell Management Tools

    Novell Management Tools

    04 0789729849_ch03.qxd 11/10/03 12:43 PM Page 91 CHAPTER 3 Novell Management Tools Using ConsoleOne ConsoleOne is a Java-based tool for managing your network and its resources. It can be launched by running CONSOLEONE.EXE from where it was installed (default: SYS:PUBLIC\MGMT\CONSOLEONE\1.2\BIN). By default, it lets you manage Novell eDirectory objects, schema, parti- tions, and replicas and NetWare server resources. If you install other Novell products, the appropriate management capabil- ities are automatically snapped into the version of ConsoleOne installed on that server. ConsoleOne is installed during the NetWare 6.5 installation, but can also be re-installed or installed locally from the Novell client’s CD. ConsoleOne also supports remote server console access through a Java applet called RConsoleJ. To access the NetWare 6.5 server console remotely, launch ConsoleOne and browse to the desired server. Select Tools, and then Remote Console. Accessing Web Manager Web Manager is a Web-based “home page” for accessing most of the NetWare 6.5 Web-based tools and services. To access Web Manager, open your Web browser and enter your Web server’s domain name or IP address, followed by a colon and the Web Manager port, which by default is 2200. For example: 04 0789729849_ch03.qxd 11/10/03 12:43 PM Page 92 92 PART I Getting Started https://www.quills.com:2200 or https://137.65.192.1:2200 Accessing iManager iManager provides role-based management of your NetWare network, together with a nearly comprehensive set of administrative tools.
  • Novell® Platespin® Recon 3.7.4 User Guide 5.6.4 Printing and Exporting Reports

    Novell® Platespin® Recon 3.7.4 User Guide 5.6.4 Printing and Exporting Reports

    www.novell.com/documentation User Guide Novell® PlateSpin® Recon 3.7.4 September 2012 Legal Notices Novell, Inc., makes no representations or warranties with respect to the contents or use of this documentation, and specifically disclaims any express or implied warranties of merchantability or fitness for any particular purpose. Further, Novell, Inc., reserves the right to revise this publication and to make changes to its content, at any time, without obligation to notify any person or entity of such revisions or changes. Further, Novell, Inc., makes no representations or warranties with respect to any software, and specifically disclaims any express or implied warranties of merchantability or fitness for any particular purpose. Further, Novell, Inc., reserves the right to make changes to any and all parts of Novell software, at any time, without any obligation to notify any person or entity of such changes. Any products or technical information provided under this Agreement may be subject to U.S. export controls and the trade laws of other countries. You agree to comply with all export control regulations and to obtain any required licenses or classification to export, re-export or import deliverables. You agree not to export or re-export to entities on the current U.S. export exclusion lists or to any embargoed or terrorist countries as specified in the U.S. export laws. You agree to not use deliverables for prohibited nuclear, missile, or chemical biological weaponry end uses. See the Novell International Trade Services Web page (http://www.novell.com/info/exports/) for more information on exporting Novell software.
  • GOVERNANCE & OVERSIGHT NARRATIVE Local Authority

    GOVERNANCE & OVERSIGHT NARRATIVE Local Authority

    GOVERNANCE & OVERSIGHT NARRATIVE Local Authority: Wasatch County Instructions: In the cells below, please provide an answer/description for each question. PLEASE CHANGE THE COLOR OF SUBSTANTIVE NEW LANGUAGE INCLUDED IN YOUR PLAN THIS YEAR! 1) Access & Eligibility for Mental Health and/or Substance Abuse Clients Who is eligible to receive mental health services within your catchment area? What services (are there different services available depending on funding)? Wasatch County Family Clinic-Wasatch Behavioral Health Special Service District (WCFC-WMH) is a comprehensive community mental health center providing mental health and substance use disorder services to the residents of Wasatch County. WCFC-WBH provides a mental health and Substance Use screening to any Wasatch County resident requesting services. Based on available resources, (funding or otherwise), prospective clients will be referred to or linked with available resources. Medicaid eligible clients will be provided access to the full array of services available. Individuals who carry commercial insurance will be seen as their benefits allow. Clients with no funding may be seen on a sliding fee scale. Who is eligible to receive substance abuse services within your catchment area? What services (are there different services available depending on funding)? Identify how you manage wait lists. How do you ensure priority populations get served? WCFC-WBH provides substance abuse services to residents of Wasatch County. Medicaid and commercial insurances are also accepted and services are provided as benefits allow. WCFC-WBH provides substance abuse services as funding allows those without insurance or ability to pay. A sliding fee scale is available for these clients. Clients accepted into the drug court also have all services available and fees are also set based on the sliding scale.
  • Information Technology in Utah Read

    Information Technology in Utah Read

    EDCUTAH INDUSTRY PROFILE | FY 18-19 INFORMATION TECHNOLOGY IN UTAH MAJOR UNIVERSITIES AND COLLEGES MAJOR EMPLOYERS ON THE COVER 1 Utah State University 4 Westminster College 6 Utah Valley University 8 Southern Utah University 1 Inovar The Overstock Peace Coliseum 2 Weber State University 5 Salt Lake 7 Brigham Young University 9 Dixie State University 2 Control4 Community College Overstock.com’s Peace Coliseum global headquarters, located 3 University of Utah 3 Health Catalyst in Midvale, Utah, was completed in the Summer of 2016. The 4 Microsoft 231,000 square-foot facility was designed to be an open, A 5 SalesForce welcoming space that sparks creativity and innovation. 6 Symantec 7 Workday 8 Instructure LOGAN 9 Jet.com 1 1 1 B 10 MasterControl 11 SanDisk 12 SoFi 13 Overstock 14 inContact OGDEN 15 AdvancedMD 2 2 16 HireVue C 17 Ivanti (Formerly LANDESK) SALT LAKE CITY 18 Lucid 3 4 5 3 A Software B 19 eBay 13 4 20 Pluralsight C 14 19 20 21 22 21 Proofpoint 5 D 22 Thumbtack 35 6 36 37 23 Adobe PROVO 24 Ancestry 7 E 25 DigiCert 26 Entrata 27 IM Flash Welcome to Silicon Slopes Technologies 28 MaritzCX D 29 Microsoft Industry • In 2015, Utah’s post-performance tax incentives 30 Oracle • Utah is proud to be home to companies like Adobe, facilitated nearly 25,000 new jobs and more than 31 Podium Ancestry, Domo, IM Flash Technologies, Qualtrics, $65M in new state revenue. 32 Solutionreach and many others. Utah is one of the top states in the 33 Workfront 34 Xactware nation for information technology employment, with an • In 2018, the Tax Foundation ranked Utah’s Total Tax Climate as the 8th best in the nation.
  • Orem Moderate-Income Housing Study As Appendix I of the General Plan

    Orem Moderate-Income Housing Study As Appendix I of the General Plan

    CITY OF OREM CITY COUNCIL MEETING 56 North State Street, Orem, Utah October 23, 2018 This meeting may be held electronically to allow a Councilmember to participate. 4:30 P.M. WORK SESSION - CITY COUNCIL CONFERENCE ROOM ANNUAL REPORT - Orem Police Department Victim Advocates (10 min) Presentation of annual report Presenter: Renee Flitton DISCUSSION - Rank Choice Voting (30 min) Introduction and Discussion Presenter: Stan Lockhart 5:00 P.M. STUDY SESSION - CITY COUNCIL CONFERENCE ROOM 1. PREVIEW UPCOMING AGENDA ITEMS Staff will present to the City Council a preview of upcoming agenda items. 2. AGENDA REVIEW The City Council will review the items on the agenda. 3. CITY COUNCIL - NEW BUSINESS This is an opportunity for members of the City Council to raise issues of information or concern. 6:00 P.M. REGULAR SESSION - COUNCIL CHAMBERS 4. CALL TO ORDER 5. INVOCATION/INSPIRATIONAL THOUGHT: BY INVITATION 6. PLEDGE OF ALLEGIANCE: BY INVITATION 7. APPROVAL OF MINUTES 7.1. MINUTES - October 9, 2018 City Council Meeting - October 11, 2018 Joint City Council Meeting with Provo For Review and Approval 1 2018-10-09.ccmin DRAFT.pdf 2018-10-11.ccmin w Provo DRAFT.pdf 8. MAYOR’S REPORT/ITEMS REFERRED BY COUNCIL 8.1. UPCOMING EVENTS For Review Upcoming Events.pdf 8.2. REPORT - Orem Arts Council It is recommended that the City Council receive the annual report from the Orem Arts Council, a city commission. Presenter: Orem Arts Council 9. PERSONAL APPEARANCES – 15 MINUTES Time has been set aside for the public to express their ideas, concerns, and comments on items not scheduled as public hearings on the Agenda.
  • Provo/Orem BRT Before and After Study: Initial Conditions Report Matthew M

    Provo/Orem BRT Before and After Study: Initial Conditions Report Matthew M

    Provo/Orem BRT Before and After Study: Initial Conditions Report Matthew M. Miller, Mercedes Beaudoin, and Reid Ewing University of Utah, Metropolitan Research Center 2 of 142 Report No. UT‐17.XX PROVO-OREM TRANSPORTATION IMPROVEMENT PROJECT (TRIP) Prepared for: Utah Department of Transportation Research Division Submitted by: University of Utah, Metropolitan Research Center Authored by: Matthew M. Miller, Mercedes Beaudoin, and Reid Ewing Final Report June 2017 ______________________________________________________________________________ Provo/Orem BRT Before and After Study: Initial Conditions Report 3 of 142 DISCLAIMER The authors alone are responsible for the preparation and accuracy of the information, data, analysis, discussions, recommendations, and conclusions presented herein. The contents do not necessarily reflect the views, opinions, endorsements, or policies of the Utah Department of Transportation or the U.S. Department of Transportation. The Utah Department of Transportation makes no representation or warranty of any kind, and assumes no liability therefore. ACKNOWLEDGMENTS The authors acknowledge the Utah Department of Transportation (UDOT) for funding this research through the Utah Transportation Research Advisory Council (UTRAC). We also acknowledge the following individuals from UDOT for helping manage this research: Jeff Harris Eric Rasband Brent Schvanaveldt Jordan Backman Gracious thanks to our paid peer reviewers in the Department of Civil & Environmental Engineering, Brigham Young University: Dr. Grant G. Schultz, Ph.D., P.E., PTOE. Dr. Mitsuru Saito, Ph.D, P.E., F. ASCE, F. ITE While not authors, the efforts of the following people helped make this report possible. Data Collection Proof Reading/Edits Ethan Clark Ray Debbie Weaver Thomas Cushing Clint Simkins Jack Egan Debolina Banerjee Katherine A.
  • Department of Transportation

    Department of Transportation

    Department of Transportation Federal Aviation Administration Denver Airports District Office DRAFT SECTION 303(c)/4(f) DE MINIMIS FINDING For the Provo Municipal Airport City of Provo, Utah County, Utah I. Introduction - Section 4(f) Section 4(f) was initially codified in Title 49 United States Code (USC) § 1653(f) (Section 4(f) of the USDOT Act of 1966). In 1983, § 1653(f) was reworded and recodified as Title 49 USC § 303 but is still commonly referred to as Section 4(f). Congress amended Section 4(f) in 2005 when the Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU) was enacted. Section 4(f) declares that “it is the policy of the US Government that special effort should be made to preserve the natural beauty of the countryside and public park and recreation lands, wildlife and waterfowl refuges, and historic sites.” In addition: Section 4(f) prohibits the use of land of significant publicly owned public parks, recreation areas, wildlife and waterfowl refuges, and land of a historic site for transportation projects unless the Administration determines that there is no feasible and prudent avoidance alternative and that all possible planning to minimize harm has occurred. De minimis impacts related to historic sites are defined as the determination of either “no adverse effect” or “no historic properties affected” in compliance with Section 106 of the National Historic Preservation Act. For publicly owned parks, recreation areas, and wildlife/waterfowl refuges, de minimis impacts are defined as those that do not “adversely affect the activities, features, and attributes” of the Section 4(f) resource.