This is an unofficial summary of the Board Meeting produced by MIDA Communications staff. Official meeting minutes will be posted to this website and the Utah Public Notice Website (pmn.utah.gov) once they are approved.
Board members present: Harter, Farrell, Shepherd, Froerer, Stevenson
Military Recreation Facility (MRF) Project Area - Ex Utah Development Update
- With more than 13 feet of precipitation late December – January, the 2021-22 ski season has managed to persevere (the Provo-Utah Lake Jordanelle River’s annual water supply to date exceeds 82 percent ) all while allowing Mayflower Mountain Resort infrastructure to make very good progress. The water storage system (with pump station construction) is 95 percent complete, and water tanks 1 and 2 are complete at 1.2 million and 650,000 gallons, respectively.
- The first phase of voluntary clean-up and remediation work is complete and cap in place.
- Lift lines, mountain access roads have been or are being cut in.
- The Military Welfare and Recreation (MWR) hotel construction is making substantial progress with soil stabilization complete, and footings and foundation 60 percent complete; construction completion remains on track for June of 2024.
- Marcella Estate and Pioche Estate lots sales and civil improvements well under way.
- The 402-unit Pioche Apartments, regional rental market opportunities, including workforce housing, will be open Fall of 2022.
- Ski beach design under way. By fall, building design review process will commence.
Military Recreation Facility (MRF) Project Area - SkyRidge Update
- Phase 1 subdivisions started in 2018 and are sold out at 180 lots. Homes are under construction.
- Phase 2 subdivisions are under construction with 72 lots; 49 sold.
- Total lots sold = 229.
- Seven Certificates of Occupancy; 31 homes under construction; the average sales price is 37 percent ahead of PID bond forecast.
- Public Improvement District (PID) facilities update: Golf Academy site plan has been submitted to Wasatch County. Expect to award construction contract in the near future. Expect to be under construction this year; soft opening next year. Equestrian Center: Site plan under review by Wasatch County. Morton Buildings has been awarded the construction contract. Trails construction underway, including bike-only, pedestrian-only and equestrian-only. Final site plan for Lodge to be submitted to Wasatch County in the next 60 days.
Falcon Hill Project Area Update
- 5600 South Interchange planning with UDOT ongoing; 1800 North/I-15 Interchange planning with UDOT ongoing. RIC campus on track for August completion.
Board Action
- Unanimous approval of Resolution 2022-04. A Resolution of the Military Installation Development Authority approving a ground lease agreement between MIDA and BLX Warehouse LLC for the lease of Lot 20 (Air Force parcel at 1.74 acres) in the Military Recreation Project Area.
- Warehouse background: Temporary use for MWR hotel room mock-ups during hotel construction; Air Force to receive $30,000 lease revenue over the next five years. Ultimately, the warehouse will be donated to MIDA for PID use (snow removal equipment storage, etc.)
Executive Director Update
- Legislative update: For 1800 North Gate road, utility work at Falcon Hill, Legislature approved an additional $1 million toward $28 million that is in the bank. For the museum addition to house Air Force planes at Falcon Hill, Legislature approved an additional $3 million toward $12 million previously allocated and another $3 million raised by private donations.
- U.S. Congress allocated $3 million toward the UP trail project to Ogden. The State Legislature shifted the Right-of-Way acquisition efforts from MIDA to UDOT.
- Reviewed technical aspects of MIDA bill adjustments.
CFO Update
- Fiscal Year financial highlights for Q2 YTD (December 31, 2021):
- Grant funds and bonds proceeds are in place for major infrastructure projects under way;
- Unassigned fund balance has grown by $3.6 million to $8.5 million since July 1, 2021. The increase is mostly the result of one-time revenues. Unrestricted funds are available to fund MIDA administrative costs and reserves;
- General government expenditures under budget at $1.2 million of $2.7 million.
- Fiscal Year 2022 Project Area Highlight for Q3 YTD include:
- An additional 50 homes in the MRF project area were issued certificates of occupancy (78 total) for the 2022 tax year; property tax allocation funds will be available in the next fiscal year.
Public Comment
- Michael Kosakowski: With Pioche Apartments construction completion nearing and residents occupying, would like to understand the timing of the North Frontage Road opening.
- Update provided by EX Utah: Efforts proceed with the design and engineering of the frontage road. MIDA, Wasatch County and UDOT continue to work in partnership with Kimley-Horn. Design for frontage road and North Portal underpass were submitted to UDOT for review in March.