TREMONTON CITY CORPORATION
REDEVELOPMENT AGENCY
AUGUST 6, 2019
Board Members Present:
Roger Fridal, Chairman—excused
Diana Doutre, Board Member
Lyle Holmgren, Board Member
Jeff Reese, Board Member
Bret Rohde, Board Member
Lyle Vance, Board Member
Shawn Warnke, Executive Director
Linsey Nessen, Executive Secretary
Acting Chairman Jeff Reese called the Tremonton Redevelopment Agency Meeting to order at 8:54 p.m. The meeting was held in the City Council Meeting Room at 102 South Tremont Street, Tremonton, Utah. Those in attendance were Acting Chairman Jeff Reese, Board Members Doutre, Holmgren, Rohde, and Vance, Executive Director Shawn Warnke, Executive Secretary Linsey Nessen, and Public Works Director Paul Fulgham. Chairman Roger Fridal was excused.
1. Approval of agenda:
Motion by Board Member Holmgren to approve the August 6, 2019 agenda. Motion seconded by Board Member Doutre. Vote: Board Member Doutre – aye, Board Member Holmgren – aye, Acting Chairman Reese – aye, Board Member Rohde – aye, Board Member Vance – aye. Motion approved.
2. Approval of minutes – June 18, 2019
Motion by Board Member Rohde to approve the minutes of June 18, 2019. Motion seconded by Board Member Holmgren. Vote: Board Member Doutre – aye, Board Member Holmgren – aye, Acting Chairman Reese – aye, Board Member Rohde – aye, Board Member Vance – aye. Motion approved.
3. New Business:
a. Discussion and consideration of adopting Resolution No. RDA 19-08 approving the Tremonton City Agency Report, for the Tremont Center Community Development Project Area for 2018 Tax Increment Year
Manager Warnke said State Code requires we produce an agency report annually. I have presented it to you in the past, but for historical purposes, it has been put on the agenda to formalize it by adoption of a resolution. The City, Developer Micah Capener, and Zion’s created a project budget as part of the establishment of the project area. We try to forecast revenues with our best estimate. We are behind, but timing is an issue. We estimate what the cost and values are going to be of development and when they are going to occur. Wasatch Development did purchase the property to develop apartments, which would greatly increase the value. The Council talked about the benefits of what Wasatch Development will bring with their $40 million project. Manager Warnke said in the first year we received $30,000 then $90,000 and this year we had $90,000. We get that for 15 years or $4.3 million, whichever occurs first. With reappraisals, the assessor is projecting the marginal value to be $15.5 million. Before any development occurred the project area was $10 million and the total value now is $25 million. We get 75% of that arrangement with the taxing entities and anticipate at least $137,000 this next year. We are trending in the right direction. If you approve the report, I will send it out to the taxing entities. It is a good document to review and track what the RDA is doing and contributions the City has made.
Motion by Board Member Holmgren to adopt the resolution. Motion seconded by Board Member Vance. Roll Call Vote: Board Member Doutre – aye, Board Member Holmgren – aye, Acting Chairman Reese – aye, Board Member Rohde – aye, Board Member Vance – aye. Motion approved.
b. Discussion and consideration of adopting Resolution No. RDA 19-09 approving a Services Agreement between the Tremonton City Redevelopment Agency (RDA) and Bear River Association of Governments (BRAG) to create the Tremonton City & Tremonton City RDA 2019 Moderate Income Housing Plan
Manager Warnke said this is a required element of the City’s General Plan. The State recently changed some of their requirements, making us report on this plan once every two years. The last plan we submitted was in 2013 and the State said we needed to update it in the near future. With the changes to State Code, we felt now was the appropriate time to do it. BRAG did our first plan and it is proposed they update it to the current requirements. They would get a service fee for doing that and take money they already pulled. Early in the project area of West Liberty Foods, we passed money onto BRAG as the housing authority to use those funds to improve housing. Sometime ago we decided not to do that and retain the money ourselves. They still hold close to $450,000 and would take about $12,000 from those funds to pay their employees for this plan.
Motion by Board Member Holmgren to adopt the resolution. Motion seconded by Board Member Rohde. Roll Call Vote: Board Member Doutre – aye, Board Member Holmgren – aye, Acting Chairman Reese – aye, Board Member Rohde – aye, Board Member Vance – aye. Motion approved.
4. Adjournment
Motion by Board Member Rohde to adjourn the meeting. Motion seconded by Board Member Holmgren. Vote: Board Member Doutre – aye, Board Member Holmgren – aye, Acting Chairman Reese – aye, Board Member Rohde – aye, Board Member Vance – aye. Motion approved.
The meeting adjourned at 9:04 p.m.
The undersigned duly acting and appointed Executive Secretary for Tremonton City Corporation Redevelopment Agency hereby certifies that the foregoing is a true and correct copy of the minutes for the RDA Meeting held on the above referenced date. Minutes were prepared by Jessica Tanner.
Dated this 3rd day of December, 2019.
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Linsey Nessen, Executive Secretary