Community Reinvestment Agency Art Policy Update

At a glance

• What: Amending the Agency's Art Policy, adopted in 2021.
• Where it stands: Approved August 18, 2026 by Resolution 19 of 2026, 5-0.
• Status: Resolved.

Detail

Tracy Tran presented the changes: art requirements for tax increment reimbursement agreements, revised requirements for property dispositions, removal of interest-rate language, differences between commercial and affordable housing loan reduction incentives, more flexibility for loan incentives, and general clean-up. The Reinvestment Advisory Committee recommended approval, with attention to the timing and implementation of the art requirements.

Directors and staff discussed who maintains publicly visible art, how maintenance can be written into legal agreements, and how the proposed 1.5% art requirement for tax increment reimbursement agreements is calculated.

Motion

Moved by Director Carlsen, seconded by Director Napier-Pearce, to adopt Resolution 19 of 2026 approving the Agency Art Policy Amendment. AYE: Puy, Wharton, Napier-Pearce, Carlsen, Dugan. ABSENT: Petro, Young. Passed 5-0.

Sources

• Community Reinvestment Agency minutes, August 18, 2026 (approved October 13, 2026): https://slc.primegov.com/Public/CompiledDocument/45591

Log

2026-08-18 - Community Reinvestment Agency

Resolution 19 of 2026 adopted 5-0.