Main Street Fire Disaster Relief Loan

At a glance

• What: A $1,000,000 Disaster Relief Loan Program loan to 323 LLC to rebuild the building at about 323 South Main Street, damaged in the August 11, 2025 Main Street fire.
• Where it stands: Approved August 18, 2026 by Resolution 16 of 2026, 6-0.
• Status: Resolved.

Detail

A fire on August 11, 2025 destroyed the roof and caused extensive interior damage at the property, where Whiskey Street had operated. The loan funds reconstruction to pre-loss condition only; improvements beyond that fall outside the program and must come from other sources. Taylee Foulger and Danny Walz presented the request and the loan terms.

Discussion covered the reason for the interest-rate structure and the option to extend the loan up to five years, after which the rate rises; remedies on default, including a recorded lien; similarity to the earlier disaster-relief loan for another property hit by the same fire; remaining zoning and Planning requirements for reconstruction; and appreciation for restoring commercial activity on Main Street.

Motion

Moved by Director Carlsen, seconded by Director Napier-Pearce, to adopt Resolution 16 of 2026 approving the Disaster Relief Loan to 323, LLC, term sheet for reconstruction. AYE: Petro, Puy, Wharton, Napier-Pearce, Carlsen, Dugan. ABSENT: Young. Passed 6-0.

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 16 of 2026 adopted 6-0 approving the $1,000,000 loan to 323 LLC.

See also Chenzo Disaster Relief Loan, the 2,000,000 dollar loan for the neighboring building approved July 14, 2026.