2026-08-18 - Community Reinvestment Agency
Summary
Built from the official minutes (approved October 13, 2026).
- Agency Board meeting on Tuesday, August 18, 2026, 2:06 to 3:29 p.m.; Director Dugan presided. Present: Puy, Petro, Wharton, Napier-Pearce, Carlsen, Dugan; Young absent. Napier-Pearce arrived during the 9 Line item; Petro left during the Library item.
- No general public comments.
- Resolution 15 of 2026 (Budget Amendment No. 1, FY 2026-27, moving $6.5 million to mayoral initiatives) adopted 5-0 after a hearing with no comments.
- Minutes of March 24, May 5, May 19, June 2, June 9 and June 16, 2026 approved 5-0 (Puy/Wharton).
- Straw poll: all Directors present backed $450,000 from the 9 Line Fund Strategic Intervention Program for demolition and site preparation at the Peacock Blocks.
- Resolution 16 of 2026: $1,000,000 Disaster Relief Loan to 323 LLC adopted 6-0.
- Briefing on proposed commercial funding priorities; no vote.
- Resolution 17 of 2026 (Library tax increment exclusion) adopted 5-0.
- Resolution 18 of 2026 (Pendleton House loan amendment) adopted 5-0.
- Resolution 19 of 2026 (Art Policy amendment) adopted 5-0.
- Staff announced two funding notices, $3 million for the Housing Development Loan Program and $4 million for the Residential Wealth Building Program, with applications due September 25, 2026. No Executive Director or Chair reports; no consent items; closed meeting not held.
Community Reinvestment Agency Budget Amendment
Kate Werrett and Danny Walz presented the reallocation of $6.5 million from several program appropriations to mayoral initiatives, including Main Street revitalization, the Civic Center and 500 West improvements. Moved by Puy, seconded by Carlsen; AYE Petro, Puy, Wharton, Carlsen, Dugan; absent Napier-Pearce, Young. Passed 5-0.
Peacock Blocks Demolition
Taylee Foulger and Tracy Tran explained that the four properties bought in January 2026 cannot be rehabilitated because of structural, environmental and life-safety conditions. The long-term vision is a neighborhood commercial node and gateway to Poplar Grove; all four parcels are already zoned mixed use. Puy asked for signage after demolition; staff agreed. The straw poll to allocate $450,000 had all Directors present in favor.
Main Street Fire Disaster Relief Loan
Foulger and Walz presented the $1 million loan for rebuilding 323 South Main Street after the August 11, 2025 fire. Moved by Carlsen, seconded by Napier-Pearce; AYE Petro, Puy, Wharton, Napier-Pearce, Carlsen, Dugan; absent Young. Passed 6-0.
Commercial Funding Priorities
Hayden Callaway and Ashley Ogden presented four priorities (activating underused spaces, publicly accessible commercial uses, local independent businesses, placemaking and pedestrian safety). Requests: Petro, a North Temple parking strategy; Puy, implementation updates; Dugan, family-oriented commercial uses.
Library Tax Increment Interlocal Agreement
Eric Holmes presented amendments excluding Library tax increment from project-area participation; Jennifer Bruno and Jennifer Huntsman explained they preserve the original intent. Moved by Puy, seconded by Wharton; AYE Puy, Wharton, Napier-Pearce, Carlsen, Dugan; absent Petro, Young. Passed 5-0.
Pendleton House Loan Extension
Allison Rowland, Callaway and Tran presented a five-year extension of the 1995 $150,000 loan (about $132,000 still due; $50 monthly payments continue; due on sale, transfer, refinance or redevelopment). Dugan, Napier-Pearce and Puy asked staff to consider maintenance language. Moved by Napier-Pearce, seconded by Carlsen; AYE Puy, Wharton, Napier-Pearce, Carlsen, Dugan; absent Petro, Young. Passed 5-0.
Community Reinvestment Agency Art Policy Update
Tran presented changes to the 2021 Art Policy, including a 1.5% art requirement for tax increment reimbursement agreements; the Reinvestment Advisory Committee recommended approval. Moved by Carlsen, seconded by Napier-Pearce; same five AYE. Passed 5-0.