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Record of Proceedings

Draper Community Reinvestment Agency Board Meeting - August 20, 2026

Meeting Portal — Thursday, August 20, 2026
BodyDraper, Utah
SessionMeeting Portal
DateThursday, August 20, 2026
StatusFILED
Video Record
0:00 / 24:30

Original source
Transcript — VerbatimClick a timed line to jump · ⧉ to share it
0:07

So moved.

0:08

Motion by Fred Second.

0:09

All second.

0:10

Second by Brett.

0:11

All in favor of moving to Fred, how do you vote?

0:15

Yes.

0:16

Yes.

0:16

Tasha.

0:17

Yes.

0:17

Catherine.

0:18

Yes.

0:18

Mike.

0:21

Yeah.

0:22

All right.

0:22

We are now in the reinvestment.

0:30

Agency meeting.

0:36

Hope I can find the old agenda.

0:51

Yeah.

0:53

All right.

0:54

I'll call to order the reinvestment agency meeting.

0:57

Um item we have some items for board consideration.

1:00

Item two A is a motion to approve the June 2nd, 2026 and June 9, 2026.

1:05

Community reinvestment agency meeting minutes.

1:07

Item 2B is an action on approval of resolution CRA 2604 resolution adopting the 2026 annual report of the community reinvestment agency of Draper City.

1:18

Well, we'll have a report on that one by Jason Burningham.

1:21

If you want to approve 2A before that, is there a motion?

1:26

I make a motion that we approve item 2A, the minutes from June 2nd and June 9th.

1:32

All right.

1:33

So we've got a motion by Brenzer, second.

1:36

Second by Catherine.

1:37

Yeah.

1:38

All right, Brent, how do you vote?

1:39

Yes.

1:39

Catherine.

1:40

Yes.

1:40

Tasha.

1:41

Yes.

1:41

Fred?

1:42

Yes.

1:42

Mike.

1:50

Yes.

1:51

All right.

1:51

Well, minutes are approved.

1:53

Mr.

1:53

Burningham, go ahead, sir.

1:55

Come on up, Jason.

2:01

Good evening.

2:03

Members of the uh community reinvest reinvestment agency board.

2:08

Uh appreciate the opportunity to be here this evening.

2:11

Uh my name is Jason Burningham.

2:13

Uh I'm a principal and owner of LRB Public Finance Advisors.

2:18

And our purpose this evening is to review uh our June 30th annual CRA report, which has we're gonna summarize, but has been uh posted with the governor's office of economic development according to statute.

2:39

Just quickly, our presentation outline is I wanted to give you a quick overview of um the specific report and what elements that we report on and each of the individual project areas as well as uh three historic project areas that um still uh have active uh participation in terms of funding as a quick summary.

3:05

Um I mentioned this uh in an earlier work session.

3:08

There are six active project areas.

3:11

Um those project areas are noted in that table below.

3:15

Um three of which the collection period of receiving tax increment has ended, but they're still fund balances.

3:23

Um whereas there's also three current project areas that continue to receive tax increment.

3:30

Uh this is a breakdown of what was received for tax year 2025, uh received fiscal year 26.

3:38

Um the front runner CDA, that was the portion of revenue that came to the agency.

Discussion Breakdown — Share of Meeting
Economic Development█████████████████████████████████████████████73%
Procedural█████████15%
Transportation Safety█████8%
Affordable Housing██4%
Summary of Proceedings

Draper Community Reinvestment Agency Board Meeting - August 20, 2026

Note: The agenda lists this meeting as August 18, 2026, but the provided instruction states the meeting took place on August 20, 2026. This summary uses the date from the instruction. The meeting was held at 1020 E. Pioneer Rd., Draper, Utah, in Council Chambers, and was called to order at approximately 7:00 PM.

Consent Calendar

  • Approval of Minutes: The board unanimously approved the minutes from the June 2, 2026 and June 9, 2026 Community Reinvestment Agency meetings. Motion by Brenzer, second by Catherine. All members voted yes.

Discussion Items

  • Presentation of 2026 Annual CRA Report: Jason Burningham of LRB Public Financial Advisors presented the annual report, summarizing six active project areas: Front Runner CDA, Crescent RDA, South Mountain, and three historic project areas with remaining fund balances (West Freeway, East Bangder, and Sand Hills). Key statistics included: Front Runner CDA base value of $6 million (2012) grew to $590 million (2025) – a 9,700% increase; Crescent RDA base value of $780,000 grew to $300 million (2025) – a 37,000% increase; South Mountain base value of $7.3 million grew to $175 million. Total tax increment received in fiscal year 2026 was $7.1 million, with a projected remaining revenue of $35 million for Front Runner, $6 million for Crescent, and $28 million for South Mountain.
  • Fund Balance Discussion: Board members discussed potential uses of unallocated fund balances, particularly for the East Bangder project area (approximately $5 million). Councilmember Brandon suggested using funds for infrastructure improvements on Bangeter (likely Bangerter Highway) and State Route 138, including a traffic signal. Councilmember Tasha supported using housing-allocated funds for improvements on 30 East and Bangeter, and noted proposed residential redevelopment. Councilmember Mike inquired about using South Mountain undeveloped land for a museum or civic center, possibly with school district partnership. Burningham confirmed that public infrastructure projects within project areas are generally qualified uses, but specific plans need review.

Key Outcomes

  • Adoption of Resolution CRA #26-04: The board adopted the resolution approving the 2026 Annual Report of the Community Reinvestment Agency of Draper City. The vote was 4-1 (Green yes, Ren yes, Fred yes, Sasha no, Catherine yes). Member Sasha was the sole dissenting vote.
  • Direction to Staff: The board directed staff to explore options and return with a plan for programming the remaining fund balances, particularly for East Bangder infrastructure improvements, housing-related projects, and potential uses in South Mountain.
  • Adjournment: The board unanimously voted to adjourn the CRA meeting and reconvene as the City Council.

Meeting Transcript

So moved. Motion by Fred Second. All second. Second by Brett. All in favor of moving to Fred, how do you vote? Yes. Yes. Tasha. Yes. Catherine. Yes. Mike. Yeah. All right. We are now in the reinvestment. Agency meeting. Hope I can find the old agenda. Yeah. All right. I'll call to order the reinvestment agency meeting. Um item we have some items for board consideration. Item two A is a motion to approve the June 2nd, 2026 and June 9, 2026. Community reinvestment agency meeting minutes. Item 2B is an action on approval of resolution CRA 2604 resolution adopting the 2026 annual report of the community reinvestment agency of Draper City. Well, we'll have a report on that one by Jason Burningham. If you want to approve 2A before that, is there a motion? I make a motion that we approve item 2A, the minutes from June 2nd and June 9th. All right. So we've got a motion by Brenzer, second. Second by Catherine. Yeah. All right, Brent, how do you vote? Yes. Catherine. Yes. Tasha. Yes. Fred? Yes. Mike. Yes. All right. Well, minutes are approved. Mr. Burningham, go ahead, sir. Come on up, Jason. Good evening. Members of the uh community reinvest reinvestment agency board. Uh appreciate the opportunity to be here this evening. Uh my name is Jason Burningham.

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