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124 of 1979 - Levying a tax for the assessment of property in Curb and Gutter Special Improvement District Extensi • ...,� ORDINANCE NO. 124 AN ORDINANCE confirming the assessment rolls and levying a tax providing for the assessment of property in the Salt Lake City, Salt Lake County, Curb and Gutter Special Improvement District Extension 38-668, 38-668-1 and 38-668-2 for the purpose of paying the cost of curb and gutter, street paving, street lighting and landscaping, and other miscellaneous work necessary to complete said improvements in the proper and workmanlike manner; providing for the addition to the Salt Lake City Special Improvement Guaranty fund; and establishing the effective date of this ordinance. BE IT ORDAINED BY THE CITY COMMISSION OF SALT LAKE CITY, SALT LAKE COUNTY, UTAH: Section 1. The City Commission of Salt Lake City, Utah, hereby confirms the assessment rolls for Salt Lake City, Salt Lake County Curb and Gutter Special Improvement District Extension 38-668, 38-668-1 and 38-668-2 (the "Improvement District") and hereby finds that the assessments are just and equitable; that each piece of property within the Improvement District will be benefitted in an amount not less than the assessment to be levied against said property; and that no piece of property listed on the assessment rolls will bear more than its proportionate share of the cost of such improvements. Section 2. The City Commission of Salt Lake City, Utah, does hereby levy a tax to be assessed upon the real property described in the assessment rolls for the Improvement District. The assessments shall be levied on a front foot basis in the amounts set forth in the assessment rolls, a copy of which is hereby incorporated by reference and made a part of this ordinance. The property being assessed is within the boundaries of the Improvement District all as is more particulary described in the Notice of Intention adopted by the City Commission on the 22nd day of May, 1979. Said description is incorporated herein by this reference. / VOTING Aye Nay Mr.Chairman .. . Agraz Greener -3_ Campbell Phillips 124 The assessments hereby levied are for the purpose of paying the cost of construction of curb and gutter, asphalt paving, raised median, street lighting, landscaping, excavation, grading and the preparation of the street to receive the said improvements, and other miscellaneous work" necessary to complete the improvements in a proper and workmanlike manner. Said assessments are hereby levied and assessed upon each of the parcels of real property described in the assessment rolls. The assessments are levied to the extent the properties being assessed are especially benefitted by the improvements to be constructed within the Improvement District. Said assessments are levied at equal and uniform rates. The total cost of the improvements in the Improvement District is $691,325.00 including a ten percent (10%) allowance for contingencies and a fifteen percent (15%) allowance for administrative costs. After deducting $126,000.00 which will be paid by Salt Lake City, and adjusting for the differential resulting from application of the rate of $111.49 per front foot, the amount which is hereby assessed is $565,312.28 which total amount of assessment does not exceed in the aggregate the sum of (a) the total contract price for the improvements under contract duly let to the lowest and best responsible bidder therefor; (b) the reasonable cost of utility services, maintenance, labor, materials, or equipment, if any; (c) the property price, if any; (d) overhead costs not to exceed fifteen percent (15%) of the sum of (a), (b), and (c); and (e) a contingency factor not to exceed ten percent (10%) of the sum of a (a), (b) and (c). Section 3. The assessment rolls prepared by the City Treasurer are hereby confirmed, ratified and approved. The -4- 1.24 tax based upon the assessment rolls is levied and assessed at equal and uniform rates with the full depth of each parcel of real property to be assessed within the Improvement District. Section 4. The whole or any part of the assessments for said Special Improvement District may be paid without interest within fifteen (15) days after this ordinance becomes effective. Any part of the assessment not paid within such fifteen (15) day period shall be payable over a period not to exceed ten (10) years from the effective date of this Ordinance in ten (10) substantially equal annual installments with interest on the unpaid balance of the assessment at the rate of nine percent (9%) per annum from the effective date of this ordinance until due. At such time as bonds are issued for the Improvement District in an amount not in excess of the aggregate total of unpaid assessment balances, the interest rate at which interest will accrue on the unpaid balance of the assessment shall be modified to equal the average interest per annum of said bonds. Interest shall be paid in addition to the amount of each such installment annually at the time each installment becomes due. After said fifteen (15) day period, all unpaid installments of an assessment levied against any piece of property (but only in their entirety) may be paid prior to the dates on which they become due, but any such prepayment must include an additional amount equal to the interest which would accrue on the assessment to the next succeeding date on which interest is payable on any special improvement bonds issued in anticipation of the collection of the assessments plus such additional amount as, in the opinion of the City Treasurer, is necessary to assure the availability of money to pay interest on the special improvement bonds as interest becomes due and any premiums which may become payable on redeemable bonds which may be called in order to utilize the assessments thus paid in advance. -5- 1_24 Included in the costs of improvements for which assessment is hereby made is an estimated amount for contingent expenses equaling ten percent (10%) of the construction costs as established by a unit price contract for construction of the improvements and facilities within the Improvement District as set out in the Notice of Intention. Upon completion and acceptance of the improvements within this Improvement District the costs of construction will be determined plus an additional amount for engineering, legal, accounting, and other administrative expenses totalling fifteen percent (15%) of the construction costs. If the aggregate total of all construction costs plus administrative expenses is less than the total amount of the assessments made hereunder, the surplus will be rebated proportionately on a per front foot basis to the owners of the property assessed. The rebate will be applied as a credit against the unpaid amount of the assessment installment next due after the time the surplus is determined. Default in the payment of any installment of principal or interest when due shall cause the whole of the unpaid principal and interest to become due and payable immediately, and the whole amount of the unpaid principal shall thereafter draw interest at the rate of ten percent (10%) per annum until paid, but at any time prior to the date of sale or foreclosure the owner may pay the amount of all unpaid installments past due, with interest at the rate of ten percent (10%) per annum to date of payment on the delinquent installments, and all approved costs, and shall thereupon be restored to the right thereafter to pay in installments in the same manner as if default had not occurred. Section 5. The City Commission of Salt Lake City, Utah, hereby supplements the special improvement guaranty fund of -b- 1 4 Salt Lake City and shall at the time of each annual appropriation ordinance, so long as any special improvement district bonds of Salt Lake City including the bonds of this Improvement District remain outstanding, provide for the levying of a tax of up to one mill in each year for the purpose of maintaining in said fund a balance of forty percent (40%) of the total principal amount of all special improvement district bonds then issued and outstanding. The purpose of such fund is to guaranty to the extent of such fund the payment of special improvement bonds and interest thereon issued against local improvement districts including this Improvement District, all in the manner and to the extent provided by the laws of the State of Utah. Section 6. The officials of Salt Lake City, Utah, are hereby authorized and directed to take all action necessary and appropriate to effectuate the provision of this ordinance. Section 7. All ordinances or parts thereof in conflict with this ordinance are hereby repealed. Section 8. An emergency is hereby declared, the preservation of peace, health and safety of Salt Lake City and the inhabitants thereof so requiring. Immediately after its adoption, this ordinance shall be signed by the Mayor and City Recorder and shall be recorded in the ordinance book kept for that purpose. Said ordinance shall be published once in the Deseret News, a newspaper published and having general circulation in Salt Lake City, Utah, and shall take effect immediately upon its passage and approval and publication as required by law. PASSED AND APPROVED BY THE CITY COMMISSION OF SALT LAKE CITY, UTAH, this 19th day of Septem r, 1979 Mayor ATTEST: ity Recorder ( SEAL ) CCCJ// -7- BILL NO. 124 of 1979 Published September 21, 1979 (Certified copy sent to Trerets Office 9-18-79) Thereupon Commissioner Jennings Phillips, Jr. moved that the City Treasurer be authorized and directed to give notice of assessment by mail to the property owners in Salt Lake City, Salt Lake County, Curb and Gutter Special Improvement District Extension 38-668, 38-668-1 and 38-668-2, which notice shall be in substantially the following form: -8- 124 Thereupon, the foregoing motion was unanimously adopted and signed by the Mayor in open meeting and recorded by the City Recorder in the official records of Salt Lake City, Utah. After the transaction of other business not pertinent to the foregoing matter, the meeting was on motion duly made, seconded and carried, adjourned. Mayor ATTEST: City Recor r ( S E A L ) -9- 1.24 STATE OF UTAH ss. COUNTY OF SALT LAKE ) I, Mildred V. Higham, the duly appointed, qualified and acting City Recorder of Salt Lake City, Utah, do hereby certify that the above and foregoing is a full, true and correct copy of the record of proceedings had by the City Commission of Salt Lake City, Utah, at its meeting held on the 19th day of September, 1979, insofar as the same relates to or concerns Salt Lake City, Salt Lake County, Curb and Gutter Special Improvement District Extension 38-668, 38-668-1 and 38-668-2 as the same appears of record in my office. I further certify that the ordinance levying the special assessments was recorded by me in the official records of said City on the ile- ' day of September, 1979. 1 further certify that said ordinance was published one time in the Deseret News, the publication affidavit of which is attached hereto. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the corporate seal of said Municipality this .4 day of September, 1979. >4 1, 7 ;1 - City Recor� ( S E A L ) -10- 124 STATE OF UTAH ss. COUNTY OF SALT LAKE I, Stephen Page, the acting City Treasurer of Salt Lake City, Utah, do hereby certify that on the day of September, 1979 I caused to be mailed a Notice of Assessment to each property owner to be assessed in Salt Lake City, Salt Lake County, Curb and Gutter Special Improvement District Extension 38-668, 38-668-1 and 38-668-2 by United States mail, postage prepaid, at the last known address of such owner. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the corporate seal of said Municipality this day of September, 1979. City Treasure ( S E A L ) -11- 124 PROOF OF PUBLICATION Attached to this page is the Proof of Publication, indicating by the affidavit of the publisher that the said Ordinance levying the special asses e ts.w ich was contained in the Ordinance adopted by the City on e 18th day of September, 1979, was published one time in the Deseret News. -12- 124 STATE OF UTAH ss. CERTIFICATE OF COMPLIANCE COUNTY OF SALT LAKE ) WITH OPEN MEETING LAW I, Mildred V. Higham, the duly qualified and acting City Recorder of Salt Lake City, Salt Lake County, Utah, do hereby certify that on the /7-1 'day of September, 1979, pursuant to Utah Code Annotated Section 52-4-6 (1953), as amended, there was posted (at least 24 hours prior to the meeting time) on the bulletin board provided for such purposes in the Salt Lake City and County Building written notice of the regular meeting of the City Commission held on September 19, 1979 at said Chambers, together with the proposed agenda thereof. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of said Municipality this 78'914'day of September, 1979. City Recor r ( S E A L ) -13- 124 0, Salt Lake City, Utah September 19, 1979 A regular meeting of. the City Commission of Salt Lake City, Salt Lake County, Utah, was held on ail n 18 September IS, 1979 at the hour of 10:00 a.m. at the regular meeting place of said Commission in the City Commission Chambers, City Office Building, Salt Lake City, Utah, at which meeting there were present and answering to roll call the following members who constituted a quorum: Ted Wilson Mayor Glen N. Greener Commissioner Jennings Phillips, Jr. Commissioner Jess A. Agraz Commissioner Antdoditcx)Capipteadc OZottaubocaborktm Also present: Mildred V. Higham City Recorder Absent: David C. Campbell Commissioner Thereupon the following proceedings, among others, were duly had and taken: The City Commission was notified that the owners of real property to be assessed for the improvements to be constructed on 5600 West in accordance with the Notice of Intention of the Salt Lake City, Salt Lake County, Curb and Gutter Special Improvement District Extension 38-668, 38-668- 1 and 38-668-2 ("the Improvement District") consented to be assessed in the amounts set out in the assessment rolls for the Improvement District and said property owners had waived their right to hearings before a Board of Equalization and 1_24 Review. Under these circumstances, the Commission determined that it is not necessary to convene a Board of Equalization and Review, schedule hearings therefor, and give notice thereof. The City Commission took notice of the fact that it had accepted the bid of the lowest responsible bidders for the construction of the improvements in the Improvement District and that construction contracts had been awarded prior to the consideration of the assessment rolls and the assessment ordinance. Based on information furnished to it and action previously taken the City Commission finds that each piece of property within the Improvement District will be benefitted in an amount no less then the assessment to be levied against such property,and no piece of property listed on the assessment rolls will bear more than its proportionate share d , of the cost of the improvement. The following ordinance was then presented to the City Commission upon introduction by Commissioner Jennings Phillips, Jr. who moved its adoption. -2- 1.;i4 Abbe 15A Affidavit of Publication STATE OF UTAH, ss. County of Salt Lake ORDINANCE NO.ten Shana D. Conaty AN ORDINANCE cool inning the a sse- and levyinn a tax providing for the assessment of property t in the Salt Lake City, Salt Lake County, Curb and Gutter Special Improvement District Extension 38-668,tat ye-1 and 38-hit-,for the nurW.e 01 paying the cast of Curti and gutter,street paving, street lighting and landscaping,and oher miscellaneous work Beingfirst dulysworn,deposes and says that he is legal to complete Bald Improvements in the p and P Y g necessary rkmanllke manner;pr iding for the addition to the rSall rLake City Special Improvement Guaranty fund;and establishing the advertising clerk of the DESERET NEWS, a daily effective date of this ordinance. BE IT ORDAINED BY THE CITY COMMISSION OF SALT (except Sunday) newspaper printed in the English LAKE CITY,nI.The LAKCity COUNTY,UTAH:aIanguage with general circulation in Utah, and Section confirms t etassessment s ePment col f r S Lake env.ll rah, hereby utyCthe a s s err rolls for Salt Lake City.Salt Exten ion 38 eel°38°6R-I and Special Improvement published in Salt Lake City, Salt Lake County, in the equitable:that each piece of"propertassessments with n Mesimprovement State of Utah. District a will be he edit eft In an said amount not less than the OpertyI and that no niece pro;ocenateshar ofth the ecossmau'Chim improill vements. than its That the legal notice of which a copy is attached hereto proportionate,hereof Co mast of sn of Lake Section a The o be Commission pn of Salt Lake pert,flesh,dyes hereby lass a lax to rolls assessed upon the oval ent Did rict. bee n the a sts shalltlbeleviied on'he a front tool basisrIn the`acmo amounts The assessments the a descent r bs a CO v f which is hereby IUD notice of Ordinance #124 rated by reference and made a part of this ordinance.The • I>erty being assesSed Is within,the boundaries of the improvement • et Intention daunted be more Coml misson described in band day of May,1979.Said description Is Incorprratdd herein by this ode The assessments hereby levled are for the put of the Cast Of construct Ion o1 curb aid°utter,alpha It eaInn,"ai t led median,street lighting,landscaping,excavation.grading and the preparatien of the street to receive the said improvements, and other miscellaneous work necessary to c mplete the imp rovements Ina proper and workmanlike manner. Said assessments are hereby levied and assessed upon each of the parcels of real property described in the assessment rolls. The assessments arc levied to the extent the pronerties Ming assessed a especially benelitted by the improvements to be arstructed withinthe Improvement District.Said assessments e levied at equal and uniform rates. Tile total cost of the Improvements in the improvement District Is 3691,325-00 includll la a ten percent(1CrV.)allowance for nrn� a s and a Kneen r rut (lsniol auowan<g for la was published in said newspaper on Sept. 21, 1979 id'naltL keur0,anded"estinsl'flyetthe°d00r°°dn�a�:ns��lib; �� from application or the rate of VITA,per front loot,tine amount which is hereby assessed is S565,312.28 which total amount of essessinent does not exceed in the aggregate the sum of la)the total ontrocf price,for the Improvements d.r contract dul let to the towost and best responsible bidder therefor, (b)the (— reasonablecost of utility services. .labor, \ , ` equipment,ials.or it v'lc)11 -t i y' dl s r:,. overhead f not t i fife percent 05 1 of the sum ol(a),Ih)and() d l)a contingency1e 1 no:I t l.. 1 ( 1 D) d(-1.not1 exceed Legal Advertising Clem Section TI assessment rolls prepared b The et Treasurer a urer are he confir d,refill,/and approved.The tax based upon the assessment rolls is levied and assessed at equal and uniform rates with the lull depth of each parcel of real \ property to be assessed within the Improve-tent the ant District. T, ro Section A.The whole or any part of the assessments for said ore me this 28.tb, day of Special Improvement District may be Paid without interest within fifteen(15)days offer this ordinance becanes elective. perio• pdart of shall the assessment payable ayabl aver aa'raid perlad nathtio exceed ten(101een 5Y ors 9 from Me effective date of this ordinance In ten(10)substantially A.D. f 97y equal annualinstallments with Interest on the unpaid balance of the 1 at the rate !eight Percent(8%)Per annum from / j the effective date I this ordinance t m l due.At such I e as bonds d for Me Improvement District n an mount not in excess f thef total f id ssessment balances, /� the I t 1 which interest will rue o the a maid 6 balance I the t shall be modified to equal the average 1) interest per f d bonds. Interest•hall bo pod n l edit 1 M I f p h installment annually al the ����l I vvl ��1�1� ��/'''�yyy% t h installment becomes d .All si fifteen(15)day 1 Notary yibllc period,all paid installments of an assessment levied against ria rlto thendatesre ty(whict h only Ibecormelnduev)buta a be such cnt must incline a additional a unt a uai any such prepayment which would accrue on the assessmentr to the next ceding dale a which interest is parabl " special ecelr a°thetals or null tare herehr succeeding improvement bonds Issued in anticipation of the collection the aplbahzed and direc ed to rake ex, arelen`n n' and assessments plus such additional amount as in the opinion of Mc a nlaMa fo eltacluate the provlslrn rl this Ordhnndnary City Treasurer,is necessary to assure the availability of money r".Section I.All ordinances or parts thereof In conflict with this to can interest n the special Improvement bonds as interest ordinance are hereby repealed becomes due and any premiums which may become payble red Sedirn 0.An errlergvncv is ant Lake City and the inhabitants assessments thus paid in advance. thereof Screquiring. diately alive is adoption. This Included n the Costs of Improvements for which assessment linbe r shall be i thetl by Immediately a ba antl City Recorder antl is herebymade Is an estimated amount far contingent expenses ohall Ix recorded i fhc ordinance book kept/Or neat rpDse. ling en percent t (10%) of the construction costs S d ordinance shall he publish.Once In Inc Deseret News,a equaling established by"a unit price tract tar construction of the s published and having general circulation in Salt Lake City,Utah,and hall take effect Immediately upon its passage simprovements and Notice facilities within the Improvement District as and aporova and publication as required by law. acceptance ine the a 6/11 of Intention_ Upon completion and PASSED AND APPROVED BY THE CITY q rict e o the he construction within this Improvement or.SALT LAKE CITY,UTAH. COMMISSION District the cosnal ts of the engineering, legal.will M determined a dl us re �s Bth ear or SeE D L.WI SO adminadditilstraticy expt enses,Jtotalling fifeen percent(15)od f the TED L.WMSON construction costs.If the aggregate total of all construction costs ATTEST: Mayor Plus administrative expenss is less Ihan the total amount of the MILDRED V.City Recorder HIGHAM assessments made hereunder, the surplus will be rebated (SEAL; proportionatev a per front trot basis to the owners of the Bill 11a of 1979 proportionately ProPerty assessed.The rebate will be applied as a credit against PUBLISHED September 21,19)9 the time the surobsprsrdetermmenenl installment next duo aver (D-86) Drlault In the p y payment of a installment of principal o — interest when due shall cause the whole of the unpaid principal and whelp amount to become duo and payable Immediately,and the aw tend'at te en Percent 'rate of t unpaid t(10%)per anrinCiPol lnu'm untioll'paid er r h but al any time prior to the dale O1 sole Or foreclosure the owner may atMe amount of all untie Id Installments Past due,with Interest the I;ate of fan percent(10,1 per annum to dale of payment an thereupon tin be restored"to and all approved theeea thereafter t anpayh in installments in the same manner as if default had not caurred. Section 5.The City Commission of Salt Lake City,Utah, hereby supplements the special improvement guaranty fund of Sall Lake City and shall al the lime of each annual appropriation orinance,sohansl Sall lake Cityl ong including the bonds of this Improvas any special improvmentlement strict District rema;n outstanding,provide for the levying of a tax of UP to one mill in ar for,he Purpose of maintaining In said fund a balance�of forty Percent(AO 0)of the total principal amount of ail special Improvement district bonds then issued and outstanding. The purpose of'surefund is to guaranty to the extent of such fund the payment el special improvement bonds and interest thereon ishiled against local improvement districts including this Imnrovement Dlstrirt all in the manner and to the extent Provided.by the laws at the Stale nl Utab