5G deployment; Sales Tax revenues continue to break records; Public art installations; Affordable housing sale; Park Silly showing strong attendance; Downtown trash services procurement; Water bond to complete capital projects.
- The Utah State Legislature passed SB189, which allows for Small Wireless Facilities (SWF) to be installed in the public right-of-way. This is subject to zoning and administrative review. SWFs are essentially required components for 5G service, and can be attached almost anywhere (i.e.; street lights, stop lights, buildings).
- Sales Tax Revenues, which includes lodging taxes, set an all-time record for both June 2021 and FY2021 as a whole.
- There are a couple of topics on art installations, both of which highlight the City’s process of approving art concepts prior to installation in public-owned spaces. One is for the Arts District, where Council approved temporary activation earlier this summer. The other is in collaboration with the Historic Park City Alliance and to replace one accidentally removed by City workers.
- A conversion of a unit meant to for in-house management at Kings Crown to an affordable unit for sale is proposed. The current resident is the property maintenance manager. The qualifying income is maxed out at $77k currently, and the unit is being sold for $350k. It is more expensive than other affordable units but includes all amenities of the market rate buyers and a significantly reduced HOA fee.
- Park Silly Sunday Market mid-year report showing the event’s compliance with mostly all permit requirements and lists an opportunity around limits within vendor categories. Average attendance has been around 17,000 people and peak attendance was 20,000 on July 4th.
- Council is being asked to review scope relating to the Downtown (Main Street) Waste Management solutions and move forward with the procurement/selection process for a service provider. As noted in the staff report, with an increase in popularity comes an increase in waste.
- A water bond topic is being raised to include the ability to refinance current debt and issue $7MM of new debt that would be repaid through water service fees. The new debt is already planned for and approved as part of the current FY22 rates. An additional bond is being planned for October 2021 as well. They are both presented as a top line reduction in anticipated funding needs for the ongoing major capital projects.