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42 of 1976 - Modifying and amending the Neighborhood Development Plan entitled 'C.B.D. Neighborhood Plan', provid VOALL OTING Aye Nay Salt Lake City,Utah, March 31 lg 76 Mr.Chairman Agraz I move th t the rdinance be passed. / Greener Hogensen ✓ PLC ; Phillips Result A DINANCE AN ORDINANCE of Salt Lake City, Utah, relating to the Redevelopment Agency of Salt Lake City in accordance with Section 11-19-20, Utah Code Annotated 1953, as amended, modifying and amending the Neighborhood Development Plan entitled, "C.B.D. Neighborhood Development Plan," dated August 6, 1975, as previously adopted as the official redevelopment plan for the project area on September 10, 1975. Be it ordained by the Board of Commissioners of Salt Lake City: Section I. That the Neighborhood Development Program entitled, "C.B.D. Neighborhood Plan," dated August 6, 1975, be and the same is hereby amended to read as follows: 1. Following the passage of the special Salt Lake County Bond Refer- endum on December 16, 1975, it has become necessary and desirable to modify and amend the present redevelopment plan entitled, "C.B.D. Neighborhood Development Plan," dated August 6, 1975, and adopted September 10, 1975, in certain respects as provided by Section 11-19-23, Utah Code Annotated 1953, as amended. The amended redevelopment plan shall be entitled, "C.B.D. Neighborhood Development Plan;' dated January 27, 1976. 2. The legal description of the amended boundaries of the project area covered by the redevelopment plan entitled, "C.B.D. Neighborhood Development Plan," dated January 27, 1976, is as follows, to-wit: Commencing at the Southwest Corner of the intersection of the Second West Street and Fifth South Street; thence North along the West right-of-way line of Second West Street to the Southwest Corner of the intersection of Second West Street and Second South Street; thence West along the South right-of-way line of Second South Street to the Southwest Corner of the inter- section of Second South Street and Third West Street; thence 42 North along the West right-of-way line of Third West Street to the Northwest Corner of the intersection of Third West Street and South Temple Street; thence East along the North right-of-way line of South Temple Street to the Northwest Corner of the intersection of South Temple Street and Main Street; thence North along the West right-of-way line of Main Street 265 feet; thence East 132 feet to the East right- of-way line of Main Street; thence East 340.25 feet; thence South 79 feet; thence East 14.5 feet; thence South 60 feet; thence West 15.75 feet; thence South 126 feet to the North right-of-way line of South Temple Street; thence East along the North right-of-way line of South Temple Street to the Northeast Corner of the intersection of South Temple Street and State Street; thence South along the East right-of-way line of State Street to the Southeast Corner of the intersec- tion of State Street and Third South Street; thence West along 0 the South right-of-way line of Third South Street to the Southeast Corner of the intersection of Third South Street and West Temple Street; thence South along the East right- of-way line of West Temple Street to the Southeast Corner Z of the intersection of West Temple Street and Fifth South Street; thence West along the South right-of-way line of Fifth South Street to the place of beginning; all in Salt Lake City, Salt Lake County, Utah, containing all of Blocks 41, `I 50, 57, 58, 59, 67, 68, 69, 70, 75, 76, 77, 78, and part m of Block 88, Plat "A", Salt Lake City Survey, 3. The purpose and intent of the Salt Lake City Commission with respect to the project area is to accomplish the following purposes by adoption of the amended redevelopment plan entitled, "C.B.D. Neighborhood Development Plan," dated January 27, 1976: a, Removal of structurally substandard buildings to permit the return of the project area land to economic use and new construction. b. Removal of impediments to land disposition and develop- ment through assembly of land into reasonably sized and shaped parcels served by improved public utilities and new community facilities. c. Rehabilitation of buildings to assure sound long term economic activity in the core area of Salt Lake City. d. The elimination of environmental deficiencies, including among others small and irregular lot subdivision, over- crowding of the land and inadequate off-street parking. -2- 42 e. Achievement of an environment reflecting a high level of concern for architectural and urban design principles, developed through encouragement, guidance, appropriate controls and professional assistance to owner participants and redevelopers. f. Implement the tax increment financing provisions of the Utah Neighborhood Development Act, which is incorpor- ated herein by reference and made a part of this Ordinance. 0 g. The strengthening of the tax base and economic health of the entire community and of the State of Utah. h. Provisions for improvements to public streets, curbs and sidewalks, other public rights-of-way, street lights, 0 landscaped areas, public parking, and other public improvements, 4. The redevelopment plan entitled, "C.B.D. Neighborhood Develop- ment Plan," dated January 27, 1976, is incorporated herein by reference and made a part of this Ordinance. 5, The C.B.D. Neighborhood Development Plan dated January 27, 1976, is hereby designated as the official redevelopment plan of the project area, 6. The Salt Lake City Commission hereby determines and finds as follows: a. The project area comprising the major portion of the central business district of Salt Lake City as above described is a'blighted area" as defined in Section 11- 19-2, Utah Code Annotated 1953, as amended, and that the redevelopment of said area is necessary to effectuate the public purposes set forth in the Utah Neighborhood Development Act and public purposes intended by the -3- (12 establishment of the Redevelopment Agency of Salt Lake City. b. The redevelopment plan would redevelop the above described area in conformity with the Utah Neighborhood Development Act and is in the best interests of the public peace, health, safety and welfare of the area and the com- munity. c. The adoption and carrying out of the plan is feasible and O economically sound. 0 d. The redevelopment plan conforms to and is compatible Z with the master plan of Salt Lake City, Utah. \I e. The carrying out of the redevelopment plan will promote m the public peace, health, safety and welfare of the com- munity and will effectuate the purposes and policy of the Utah Neighborhood Development Act. f. The condemnation of the real property, if and as provided for in the redevelopment plan, is necessary to the execu- tion of the redevelopment plan and adequate provisions have been made for the payment of said property to be acquired as required by law. g. The Redevelopment Agency of Salt Lake City has a feasible plan for the relocation of persons, if any,to be temporarily or permanently displaced from housing facilities in the pro- ject area. h. Persons displaced from the project area, if any, are able to find or will be able to find either in the project area or in areas not generally less desirable in regard to public utilities and public and commercial facilities, and at rents -4- ` 2 or prices within their financial means and available to them, decent, safe, and sanitary dwellings equal in number to the number of dwellings displaced and reason- ably accessible to their places of employment. 7. The Salt Lake City Commission is satisfied that permanent hous- ing facilities will be available within three years from the time occupants of the project area, if any, are displaced, and that pending the development of such facilities, temporary housing at comparable rents to those existing at the time 0 of the displacement will be available in the general area. O 8. This Ordinance adopting the amended redevelopment plan entitled, "C.B.D. Neighborhood Development Plan," dated January 27, 1976, Z incorporates the provisions of tax increment financing permitted by the Utah rn Neighborhood Development Act, and specifically Section 11-19-29, Utah Code Annotated 1953, as amended, which provides as follows: 1. Any redevelopment plan may contain a provision that taxes, if any, levied upon taxable property in a redevelop- ment project each year by or for the benefit of the State of Utah, any city, county, city and county, district, or other public corporation (hereinafter sometimes called "taxing agencies") after the effective date of the ordinance approving the redevelopment plan, shall be divided as follows: (a) That portion of the taxes which would be produced by the rate upon which the tax is levied each year by or for each of the taxing agencies upon the total sum of the assessed value of the taxable property in the redevelopment project as shown upon the assessment roll used in connection with the tax- ation of such property by such taxing agency, last -5- yy2`f equalized prior to the effective date of such ordin- ance, shall be allocated to and when collected shall be paid into the funds of the respective taxing agencies as taxes by or for said taxing agencies on all other property are paid (for the purpose of allocating taxes levied by or for any taxing agency or agencies which did not include the territory in a redevelopment pro- ject on the effective date of such ordinance but to 0 which such territory has been annexed or otherwise M included after such effective date, the assessment 0 Z roll of the county last equalized on the effective date D of the ordinance shall be used in 'determining the Z assessed valuation of the taxable property in the rn project on the effective date); and (b) That portion of the levied taxes each year in excess of such amount shall be allocated to and when col- lected shall be paid into a special fund of the redevelop- ment agency to pay the principal of and interest on loans, moneys advanced to, or indebtedness (whether funded, refunded, assumed, or otherwise) incurred by such redevelopment agency to finance or refinance, in whole or in part, such redevelopment project, Unless and until the total assessed valuation of the taxable property in a redevelopment project exceeds the total assessed value of the taxable property in such project as shown by the last equalized assessment roll referred to in subsection (1) (a) of this section, all of the taxes levied and collected upon the taxable property in such redevelopment project shall be paid into the funds of -6- 42 the respective taxing agencies, When such loans, advances, and indebtedness, if any, and interest thereon, have been paid, all moneys thereafter received from taxes upon the taxable property in such redevelopment project shall be paid into the funds of the respective taxing agencies as taxes on all other property are paid. Section II. In the opinion of the Board of Commissioners of Salt Lake City, it is necessary to the peace, health, and welfare of the City of Salt Lake that this Ordinance take effect immediately. Section III. This Ordinance shall take effect at once upon its first publica- tion. ` s Passed by the Board of Commissioners of Salt Lake City this 31st day of March, 1976. 1 J l Ted L. Wilson, Mayor Mildred V. IIighai , City Recorder (SEAL) BILL NG. 42 of 1976 Published - April 9, 1976 -7- ADN.at1A • Affidavit of Publication STATE OF UTAH, 1 Jj ss. County of Salt Lake • AN ORDINANCE Sharon_Payne AN ORDINANCE of Salt Lake City,Utah,relating to the Redevelopment Agency Of Salt Lake City in accordance cordance with Section 1'-19.20, I'tah Code Annotated 1953, as amended, modifying and amending the Neighbortvrod Development Plan f entitled, "C.B.OS Pimp- dated Being first duly sworn,deposes and says that he is legal adver- I August 6,1975,. previously adopted as the official develop. m°"'Befit ordaineed b>!%neae"oorda,,coma woone9s5Of Bait Lake tising clerk of the DESERET NEWS, a daily (except Sunday) aty: Section I.That m Neighborhood e Neighborho Development Program newspaper printed in the English language with general co-- ,entitled,"C.B.D.Neighborhood Plan,",dated August 6,1915,be. and the same is,hereby amended tthe passage of theo read as follows; culation in Utah, and published in Salt Lake City, Salt Lake ond Referendum onhas l Decembers 16,1970,if become Lake necesSaltssar Band desirable to modify and amend the present redevelopment plan" County, in the State of Utah. titled. C.B.D Neighborhood Development Plan," dated August 6,1975,and adopted September 10,1975,In certain respects s provided by Section 11-19-23,Utah Code Annotated 3953,as reed The amended redevelopment plan shall be entitled, That the legal notice of which a copy is attached hereto amended. Neighborhood Development Plan,"dated January 27, 1976. I2..The legal reebrmtnd the amended neyepi rles7,". the Pub an ordinance relating to the Redevelopment area Coveredbythe of the aged plan entitled,"C.B.D. Nel follows, to-wit Development Plan,"dated January 27,1976,Is as follows,to-wlt' 'Commencing of at the Southwest Corner of the Intersection the Second wst Street and Finn south street;thence North along the Agency of Salt Lake City West righted-way line of Second West Street in the Southwest -- Corner of intersection of second Nest Street and Second South Street;thence West along the South right-of-way line of Second South Street to the Southwest Corner of the intersection of Second South Street and Third West Street;thence North along the West right o!-way line of Third West Street to the Northwest Corner of -'----"'--"--- the on Third t thence Easttialong the NorthWest riigh of-way'tiine of South th Temle ple Street fethe Northwest Corner of the intersection of South Temple •Street and Main Street;thinte North along the West right-of-way line of Main Street 265-feet;thence East 132 feet to the East rightof-way'llrie.o+YAaln'street,thence East 340.25 teed;thence I South 79"felt;thence East 14.5 feet;thence South 60 feet;thence I Wett.15.75 feet;thence South 126 Met lothe North right-of-way line `line of Soti uth Temple thence East malong t NorNorth st Co Ina of t e intersection of South Temple Street and State Street;thence South •CobO e.of he interrssecti-on Statof Stsreet are Thiel the Soouth Street; wage published in said newspaper on thence West along the South righted-way Ilneol Third South Street. tand etTfemmpple St eet;thenc of thee intersection along tfheElast South April 9, 1976 line of We Temple street to the Southeast Corner of the _. Wsp°n of West Temple street and Fifth South Street;thence ---'-'- est along the South righter-way Ili of Plfth South Streit to the. a 0 of beginning;all in Sat Lake City,Salt Lake County,Ulan, containing all of Blacks 41,50,57, :A 50, ,61,68,69,70,>5,76,77,70, and part ihef u purpose ock antl intentof the lt Salt Make City .Commission --- -- V with respect to the protect area is to accomplish the following euru0sos be adoption of the amended redevelopment plan - entitled, C B D Neighborhood Development Plan," dated • -. January 27, ------ �-• �r a.R f s ucturaly substandard buildings to Permit Legal Advertising Clerk 'the return of the prelleot area land to economic use and new construction. b. Removal of ssembinhent5 to land disposition and sceonp yai c l sr ern essSo ino of land into reasonably sized are a reed cc, .rved by i proved public utilities end rrow non iaannes. < Rehabilitation of rebuildings to assuresound long term economic aclivltyln the core area of Sat Lake City. d.rhe elimination of environmental deticlencles,including 23rd day of others small and irregular lot subdivision,overcrowding Ore PLC this / of the land and Inadequate off-street parking. e.Achievement of an environment reflecting a high level of concern for architectural and i urban design principles,developed 76 throprofessional assistance to guidance, participant,ono redevelopers. - A.D. I9 • I.implement the tax increment financing provisions of the Utah Neighborhood Development Ad,which In incmrparated herein h .'fh reference the in ftn t e a part of and economic Ordinance.health of and of the State of Utah.- / r III p 1.Provisions foris tobstreets, "" .'l d. ilk otherb'. hit t t light landscaped ..I.6.. .' P, /�-i..t....P,_y, d fr.f,-..-0..i.pas,public parking,and other public Improvements. -11 jj - A.The redevelopment plan mined,"C.B.D.Neighborhood Notary PublicDevelopment Plan,"dated January 27,1976,is Incorporated herein by reference and made a rt of this ordinance. .. 5. The C.B.U. Neighborhood Development Plan dated January 27, 1976, is hereby designated as the official redevelopment plan of the pro lest area. 6.The Sat Lake City Commission hereby determines and finds as follows, a.Tile proiect a comprising g the ma' portion f the central business district of n Section City as above described is a 1953,as"blightedated amended dated t iat6theiredevelooment of said area Is to amended, the public purposes set forth in the Utah Neighborhood Development Act and public purposes intended by the establishment of the Redevelopment Agency of Salt Lake City. b. The redevelopment would r;develop the above described area onformifv"wih the Utah Neighborhood Development Act and Is in the best interests-of the public peace, ____ health,safety and welfare of the area and the community. c.The adoption and carrying out of the plan is feasible and ttO tally sound. el.The redevelopment plan contormste and Is compatible with the toaster plan of Salt Lake City,Utah. e.The carrying out of the redevelopment plan will 0ltyen ethe Public peace,health,safety and welfare of the community and will I ieuylOate the nu ses and policy of the Utah Neighborhood 'Develonmenf Act,f pO peal property,If and a,provided for F0 to reneveionmeni plan.is necessary to me execution of the •redevelopment plan and adrnuoto provisions have been made for the rs+thent of said properly to be acquired as required by law. .'he Redevelopment Agency of Salt Lake C'rfy has a feasible oprflt for the relocation of persons,if any,to be temporarily or t lY displaced from housing facilities in tile p,oiect area. 1orPersons displaced from the protect area,a any are able to find or will be able to find either in the project area or jn areas not generolly less desirable in regard to public uti litlesand public and commercial tact lutes,and at reros or prices wltan their financial means and available to them,decent,sate,and sanitarynwellings to the a number of dwellings displaced and reasonably Salt accessible to their places of employment_ rcras the Salt Lake City Commission is satisfied that sfromenr f pnolng occ paints of thill e preiect area,a if any,are displaced,n threeac and that Pending the development of such tacit Ities,temporary housing at • arable rents to those existing at the time of the displacement will be available in the general area- rs Vrdmance eaopnng then Development d redevelopment plan entitled, "C.W.O. Neighborhood Development Plan," dated January 27,19/6,incorporates the provisions of tax increment andng permitted by the.19.h Neighborhood Development Act. specifically Section 1as toll,Utah Code Annotated 1953,as q ended,which provides as follows, m 1.Any redevelopment a contain d n that, taxes,if a y,levied upon taxable property Ina redevelopment I projecteach city by or the benefit of the Slate of Utah,any and county,district,or other public cooperation tit,(hereinafter i ihareme day o pre oral rr'ce a rove'taxing agencies")meter me effective divided of meet lows lice approving theroievelopmenl oleo, shah be divided as lot lows: (a)That which the of the taxes which would be produced by the rare upon which ilia fax is aies each they by so for each lop of the totalmnthe v eta of idsect as shown value ofthe assess e}doll in the onntiinaf ithi ht asxationpf such roll used inconnection to the zedmnon of wive by such such ordinance, last eallocate Prier to ten n(e lied date of such drdeanre,and allocated to zed when collected shallto a paid into funds of the reseed-live al lather agencies n taxes by or for said taxing a all by or fp property are a ency orpurposeagencies allocating agencies not inclevlude he for r taxing n 01 eoi which did not date ode the territorordinances butetoovwoch or it of territorye has been been ective date xed such r otherwise included after such effective date,ttre assessment roll of the county last equalized on the effective date of the ordinance shall be used in determining the assessed valuation of the taxable Property in the project on the affective date);and f bl That nortlon of the levied taxes earn Year in excessof such amount shall be allocated to and when collected sear be paid into a ai fund of the redevelopment agency to pay the principal of sundial � interest on loans,moo advanced to,or indebtedness (uch red redevelopment funded,nt agency sI inane or otherwise)incurred n are rsuche rdrevel pment proeanceoresfinance,in wholeinl flat,such redevelopment of hef project Unless and unlit to total assessed t exceeds ceed the to the taxable al a of th jt redevelopment rKtectthefetal assessedast a 0itietaxablesmenttyin project • a shown by thea lost is section, assessment taxes lolecr assses levierefereed to In subsection 00 lei of tax ble pr,all of the}such d and collected the taxable property such redevelopment v gencies l be paid into the fuances,s d When such,loans,advances,and indebtedness ll taxing ended Merest n coon have been prop,ty moneys redevelo terpment yes ect s taxes upon thet ttte to ps of the in such redevelopment agencies as to shall beai paid into the fonds are a of the r nsf the he sonadotCommpprtyer ofSa. Lakee C.on taxing eccesapi to of the pace, ealh,a.welfare of the Lake f Sal it isnecessary Ordinance the n h}realm,tad mediae to me City of Lion Lake tisr thisancol take effect tat one upon Section lie This pardlnarrce shall take effect al once uWn its tits}Passed ythPassof by the Board of Commissioners of Salt Lake City this 3r51 ado of March,19/b- TEOL.WI LSON, Mayor eI DRFD cV.,HIf:HAM, nv txr.coracr Ulf NO V oflti/d Publish.- Aprll9,I)/L (C 46) ya