Redevelopment Agency Minutes 5-2-17 2017-06-07T13:21:20+00:00

TREMONTON CITY CORPORATION
REDEVELOPMENT AGENCY
May 2, 2017

Board Members Present:
Roger Fridal, Chairman
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

Chairman Fridal called the Tremonton Redevelopment Agency Meeting to order at 8:34 p.m. The meeting was held in the City Council Meeting Room at 102 South Tremont Street, Tremonton, Utah. Those in attendance were Chairman Fridal, Board Members Doutre, Holmgren, Reese, Rohde, and Vance, Executive Director Warnke, and Executive Secretary Nessen. Also in attendance was Community Services Director Marc Christensen.

1. Approval of agenda:

Motion by Board Member Reese to approve the May 2, 2017 agenda. Motion seconded by Board Member Doutre. Vote: Board Member Doutre – aye, Board Member Holmgren – aye, Board Member Reese – aye, Board Member Rohde – aye, Board Member Vance – aye. Motion approved.

2. Approval of minutes – February 21, 2017

Motion by Board Member Holmgren to approve the minutes of February 21, 2017. Motion seconded by Board Member Rohde. Vote: Board Member Doutre – aye, Board Member Holmgren – aye, Board Member Reese – aye, Board Member Rohde – aye, Board Member Vance – aye. Motion approved.

3. Public Hearings

Chairman Fridal called a Public Hearing to order at 8:34 p.m. to consider adopting the annual budget. There were 2 people in attendance.

a. To consider adopting the Annual Budget entitled “The Redevelopment Agency of Tremonton City Annual Implementation Budget 2016- 2017 for RDA District #2 Fund – Downtown and Tremonton West Library Foods EDA 172 for the fiscal year commencing July 1, 2016 and ending June 30, 2017”

There were no public comments. Chairman Fridal closed the Public Hearing at 8:34 p.m.

4. New Business:

a. Discussion and consideration of adopting Resolution No. RDA 17-03 adopting the proposed Tentative Budget entitled “The Redevelopment Agency of Tremonton City Annual Implementation Budget 2017-2018 for RDA District #2 Fund – Downtown and Tremonton West Liberty Foods EDA 172” for the fiscal year commencing July 1, 2017 and ending June 30, 2018

Motion by Board Member Reese to adopt Resolution No. RDA 17-03. Motion seconded by Board Member Doutre. Board Member Rohde asked that the RDA Capital Funds be added to the same spreadsheet. Roll Call Vote: Board Member Doutre – aye, Board Member Holmgren – aye, Board Member Reese – aye, Board Member Rohde – aye, Board Member Vance – nay. Motion approved.

b. 2016 Tax Increment Reports for the following project areas:

1) West Liberty Foods EDA

Community Services Director Marc Christensen noted the West Liberty Food Project Area started in 2008 with a life span of ten consecutive years. The Project Area included West Liberty Foods and Millard Refrigerated Services, LLC. West Liberty received a check for $1,010,866, Millard received $98,982, and there was 20% put into the creation and preservation of low to moderate income housing or $277,462. This is the second to last year the tax increment will be distributed back to West Liberty Foods and Millard Refrigerated Services, LLC with spring of 2018 being the final distribution.

Since the inception, West Liberty Foods and Millard Refrigerated Services, LLC have created 515 jobs in the area. Director Warnke explained the different taxable values.

2) Tremont Center Community Development Project Area

This was the first year of tax increment for the Tremont Center Community Development Project Area. They will receive a check for $31,885 for the 2016 tax year. The taxing entities receive 25% of the new increment. The following projects have been completed since the inception of the project: buried most of the canal, right-of-way improvements, landscaping, buried overhead power lines, acquired right-of-way for 480 West, new street lights, and some public realm improvements.

The maximum tax increment that can be collected is $4.3M or 15 years for reimbursements. The City loaned $80K to the RDA to purchase 480 West. The hope is that the RDA can repay the loan in a few years. There were 7.2 acres platted in the Tremont Center Community Development Project Area.

Director Warnke said the current value is $13M with a base value of $10M. The base value includes the entire Tremont Center Community Development Project Area including downtown not just the new development. The marginal value should grow to increase tax increment. Director Warnke stated the tax increment was forecast to be $44K last year but came in a little lower at $31K.

Items 4 b and c were discussed together.

c. 2016 Tax Agency Reports for the following project areas:

1) West Liberty Foods EDA

2) Tremont Center Community Development Project Area

d. Discussion of using RDA housing Funds for the rehabilitation of single-family detached homes damaged by flood waters that are owned by low to moderate income households

Director Warnke stated he thought the housing funds may be eligible if the RDA approves and they qualify. The homeowners would need to be in the incorporated part of Tremonton City. The housing project is a ten year project. The funds were sent to BRAG (Bear River Association of Governments) the first several years. Director Warnke will contact BRAG about using those funds.

5. Adjournment

Motion by Board Member Holmgren to adjourn the meeting. Motion seconded by Board Member Rohde. Vote: Board Member Doutre – aye, Board Member Holmgren – aye, Board Member Reese – aye, Board Member Rohde – aye, Board Member Vance – aye. Motion approved.

The meeting adjourned at 8:54 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 Deputy Recorder Cynthia Nelson.

Dated this 6th day of June, 2017.

____________________________
Linsey Nessen, Executive Secretary