The agency board approved the minutes of its May 21, 2019 meeting.
What it means: With this, the written record of that meeting becomes official. It is a step for the clerk, not for you.
Outcome not recorded
No roll call was recorded for this motion.
The motion as the minutes record it
Board Memher Clørk moved to approve the May 21, 2019 mínutes. Board Member Reaves seconded the motion. Those voting aye: Colby Cartis, Melissø Clark, Donnø Burnham, and Benjamin Reaves" The motíon passed with ø unanimous vote. 3. RESOLUTION/PUBLIC HEARING 3..A". RESOLUTION - A Resolution of the Redevelopment Agency of Eagle Mountain City Arnending the Fiscal Year 2018-2019 Budget - Final Amenclment. Assistant City Administrator Paul Jerome stated the change accounts for the increase in the Economic Development Area (EDA) 2012-l and Parkside Community Development Project Area (CDA) values. Economic Development Director Aaron Sanborn explained the EDA expires after twenty years, in 2036, or once $635,000 has been paid out, whichever comes first; currently, approximately $150,000 has been paid out. The CDA expires after ten years, in 2023, or once $500,000 has been paid out. This project recently reached the increment threshold to begin receiving payouts, so it will likely expire before the full $500,000 is paid out. Redevelopment Agency of Eagle Mountain City Board Meeting - June 18, 2019 Page I of2 Board Chair Westmoreland opened the publíc hearíng at 8:22 p.m. As there were no comments, he closed the public hearíng.
2018-19 agency budget trued up at year end
The agency board made a final change to its 2018-2019 budget to reflect higher values in the 2012-1 economic development area and the Parkside project area.
What it means: Bookkeeping that catches the agency's accounts up to values already on the ground in those two project areas. You will not see it anywhere.
passed with a unanimous vote.
No roll call was recorded for this motion.
The motion as the minutes record it
Board Member Clark moved to approve ø resolution of the Redevelopment Agency of Eagle Mountain City ømending the Fiscal Yeør 2018-2019 Budget. Board Member Reaves seconded the motion. Those voting aye: Colby Curtis, Melissa Clark, Donna Burnham, and Benjømin Reaves. The motion passed with a unanimous vote. 3.8 RESOLUI'ION - A Resolution of the Redevelopment Agency of Eagle Mountain City, Utah, Adopting the Fiscal Year 2019-2020 Budget. Mr. Jerome said the proposed budget is identical to previously presented versions. It is based on projections and as areas in the City grow, amendments may be required. Board Chair Westmoreland opened the public hearing at 8:28 p.m. As there were no comments, he closed the public hearing.
Agency budget adopted for 2019-20
The agency board adopted its budget for the 2019-2020 fiscal year, which staff said was identical to the versions presented earlier.
What it means: This budget spends the redevelopment agency's own tax increment money, not city service dollars. Staff said the figures rest on projections and may be amended as parts of the city grow.
passed with a unønimous vote.
No roll call was recorded for this motion.
The motion as the minutes record it
Board Member Reaves moved to øpprove a resolutìon of the Redevelopment Agency of Eagle Mountøín C¡ty, Utuh, adopting the Fiscøl Yeør 2019-2020 Budget. Board Member Curtís seconded the motíon. Those voting øye: Colby Curtis, Melìssa Clurk, Donnø Burnham, and Benjamín Reaves. The motion passed with a unønimous vote. 4. ADJOURNMENT
Meeting adjourned
The agency board ended its June 18 meeting at 8:29 p.m.
What it means: Nothing in this one reaches a resident; it marks the close of the evening's business.
Outcome not recorded
No roll call was recorded for this motion.
The motion as the minutes record it
Board Member Clørk moved to ødjourn the meeting øt 8:29 p.m" Board Member Resves seconded the motion. Those votíng aye: Colby Curtis, Melíssø Clark, Donnø Burnham, ønd Benjamin Reaves. The motíon pøssed with a unanímous vote.
Source
Parsed from the city’s approved minutes, 2019-06-18__295.pdf, published through the Eagle Mountain CivicClerk portal.