June 21, 2005
The Lindon City Redevelopment Agency held a regularly scheduled meeting on Tuesday, June 21, 2005, beginning at 9:05 p.m., in the Lindon City Center, City Council Chambers, at 100 North State Street, Lindon, Utah.
Conducting: Jerald I. Hatch, Boardmember
PRESENT ABSENT
Jerald I. Hatch, Boardmember Jeff Acerson, Chairperson
H. Toby Bath, Boardmember Eric Anthony, Boardmember
Lindsey Bayless, Boardmember Bruce Carpenter, Boardmember
Ott H. Dameron, Executive Secretary
Adam Cowie, Planning Director
Debra Cullimore, Deputy Recorder
MINUTES –
The minutes of the June 7, 2005 were reviewed. No corrections were made:
BOARDMEMBER BAYLESS MOVED TO APPROVE THE MINUTES OF THE JUNE 7, 2005 MEETING AS WRITTEN. BOARDMEMBER BATH SECONDED THE MOTION. ALL PRESENT VOTED IN FAVOR. THE MOTION CARRIED.
BUSINESS –
1. Public Hearing – Final budget for Fiscal Year 2005/2006 (Resolution # 2005-1). The Agency will receive comment and act to approve the final budget for fiscal year 2005/2006, and act to amend the budget for fiscal year 2004/2005.
BOARDMEMBER BATH MOVED TO OPEN THE PUBLIC HEARING FOR THE REDEVELOPMENT AGENCY. BOARDMEMBER BAYLESS SECONDED THE MOTION. ALL PRESENT VOTED IN FAVOR. THE MOTION CARRIED.
Ms. Colson reviewed the three RDA Districts, which are the State Street District, the West Side District, and District #3. Mr. Dameron stated that RDA revenues include tax increment and bonding proceeds when needed. Current revenues are intended to be used for utility improvements in the West Side District, and to install lighting along State Street in the State Street District. The lighting project is expected to cost approximately $300,000. The RDA currently has approximately $220,000 designated for this project, with the balance of the funds being available in approximately two years. Mr. Dameron noted that District #3 generates a large amount of revenue through tax increment payments, but noted that debt associated with the RDA Bond and the Special Improvement District in the area takes most of the revenue. The SID debt will continue until 2015. Councilmember Hatch inquired as to the length of the debt associated with the State Street District. Mr. Dameron stated that it will continue until 2020, and that it began in 1996.
There was no public comment.
BOARDMEMBER BAYLESS MOVED TO CLOSE THE PUBLIC HEARING FOR THE REDEVELOPMENT AGENCY. BOARDMEMBER BATH SECONDED THE MOTION. ALL PRESENT VOTED IN FAVOR. THE MOTION CARRIED.
BOARDMEMBER BATH MOVED TO ADOPT RDA RESOLUTION 2005-1 APPROVING AND ADOPTING A BUDGET FOR THE 2005/2006 FISCAL YEAR, AMENDING THE 2004/2005 BUDGET, AND ENTERING INTO A CONTRACT WITH LINDON CITY TO PAY FOR THE USE OF VARIOUS SERVICES, FACILITIES AND SUPPLIES OF THE CITY’S WHICH WILL BE USED BY THE AGENCY DURING THE 2005/2006 FISCAL YEAR. BOARDMEMBER BAYLESS SECONDED THE MOTION. ALL PRESENT VOTED IN FAVOR. THE VOTE WAS RECORDED AS FOLLOWS:
BOARDMEMBER BATH AYE
BOARDMEMBER BAYLESS AYE
BOARDMEMBER HATCH AYE
THE MOTION CARRIED UNANIMOUSLY WITH TWO ABSENT.
ADJOURN -
BOARDMEMBER BAYLESS MOVED TO ADJOURN THE LINDON CITY RECEVELOPMENT AGENCY MEETING AND CONVENE THE MUNICIPAL BUILDING AUTHORITY AT 9:13 P.M. BOARDMEMBER BATH SECONDED THE MOTION. ALL PRESENT VOTED IN FAVOR. THE MOTION CARRIED.
APPROVED – July 19, 2005
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Ott H. Dameron, Executive Secretary
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Jeff Acerson, Chairperson
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