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95 of 1977 - Amending and modifying the Neighborhood Development Plan entitle, 'C.B.D. Neighborhood Development P ROLL CALL J ' •"VOTING Aye Nay Salt Lake City,Utah, June 16 ,19 77 Mr.Chairman ,/ Agraz I move that the Ordinance be p ed. Greener Hogensen Phillips Result AN ORDINANCE 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 June 15, 1976, as previously adopted as the official redevelopment plan for the project area on June 16, 1976, Be it ordained by the Board of Commissioners of Salt Lake City: Section 1. That the Neighborhood Development Plan entitled, "C,B.D, Neighborhood Plan," dated June 15, 1976, be and the same is hereby amended to read as follows: 1. It has become necessary and desirable to modify and amend the present redevelopment plan entitled, "C,B,D, Neighborhood Development Plan," dated June 15, 1976, and adopted June 16, 1976, 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 Develop- ment Plan," dated April 25, 1977. 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 April 25, 1977, is as follows, to-wit: Commencing at the Southwest Corner of the intersection of 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 intersection of Second South Street and Third West Street; thence North along the West right-of-way line of Third West Street to the Northwest Corner of the intersection :9� 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 inter- section of South Temple Street and State Street; thence South along the East right-of-way line of State Street to the Northeast Corner of the intersection of State Street and Second South Street; thence East along the North right-of- way line of Second South Street to the Northeast Corner of 0 the intersection of Second South Street and Second East Street; thence South along the East right-of-way line of 0 Second East Street to the Southeast Corner of the intersec- tion of Second East Street and Fourth South Street; thence Z West along the South right-of-way line of Fourth South Street to the Southwest Corner of the intersection of Fourth South Street and Main Street; thence North along the West right-of-way line of Main Street to the Southwest Corner CI of the intersection of Third South Street and Main Street thence West along 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 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 begin- ning; all in Salt Lake City, Salt Lake County, Utah, con- taining all of Blocks 41, 50, 52, 53, 56, 57, 58, 59, 67, 68, 69, 70, 75, 76, 77, 78, and part 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 Develop- ment Plan," dated April 25, 1977: 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, -2- 95 c. Rehabilitation of buildings to assure sound long term economic activity,in the core area of Salt Lake City. d. Elimination of environmental deficiencies, including among others small and irregular lot subdivision, overcrowding of the land and inadequate off-street parking, e. Achievement of an environment reflecting a high level of concern for architectural and urban design princi- ples, developed through encouragement, guidance, O appropriate controls and professional assistance to /Qv owner participants and redevelopers, Z f. Implement the tax increment financing provisions of Z the Utah Neighborhood Development Act, which is rn incorporated herein by reference and made a part of this Ordinance, g. 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, landscaped areas, public parking, and other public improvements. 4, The redevelopment plan entitled, "C.B,D. Neighborhood Development Plan," dated April 25, 1977, is incorporated herein by refer- ence and made a part of this Ordinance, 5. The C.B.D. Neighborhood Development Plan dated April 25, 1977, is hereby designated as the official redevelopment plan of the project area, 6. The Salt Lake City Commission hereby determines and finds as follows: -3- 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 establishment of the Redevelopment Agency of Salt Lake City. 0 b. The redevelopment plan would redevelop the above 0 described area in conformity with the Utah Neighbor- To hood Development Act and is in the best interests of Z the public peace, health, safety and welfare of the rn area and the community. c. The adoption and carrying out of the plan is feasible and economically sound. d. The redevelopment plan conforms to and is compat- ible with the master plan of Salt Lake City, Utah. e. The carrying out of the redevelopment plan will pro- mote the public peace, health, safety and welfare of the community and will effectuate the purposes and policy of the Utah Neighborhood Development Act, f. The condemnation of the real property, if and as pro- vided for in the redevelopment plan, is necessary to the execution 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 project area, -4- 9 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 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 reasonably accessible to their places of employment. 7. The Salt Lake City Commission is satisfied that permanent xi housing 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 /Z to those existing at the time of the displacement will be available in the m general area. 8. This Ordinance adopting the amended redevelopment plan entitled, "C.B.D. Neighborhood Development Plan," dated April 25, 1977, incorporates the provisions of tax increment financing permitted by the Utah Neighborhood Development Act, and specifically Section 11-19-29, Utah Code Annotated 1953, as amended, which provides as follows: a. Any redevelopment plan may contain a provision that taxes, if any, levied upon taxable property in a redevelopment 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: (1) 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 -5- 95 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 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 tax- ing agencies as taxes by or for said taxing agencies G on all other property are paid (for the purpose of allocating taxes levied by or for any taxing agency 0 Z or agencies which did not include the territory in a redevelopment project on the effective date of Z n such ordinance but to which such territory has m been annexed or otherwise included after such effective date, the assessment roll of the county last equalized on the effective date of the ordin- ance shall be used in determining the assessed valuation of the taxable property in the project on the effective date); and (2) That portion of the levied taxes each year in excess of such amount shall be allocated to and when collected shall be paid into a special fund of the redevelopment 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 -6- 9 a redevelopment project exceeds the total assessed value of the taxable property in such pro- ject as shown by the last equalized assessment roll referred to in subsection (a) (1) 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 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 publication. PASSED by the Board of Commissioners of Salt Lake City this 16th day of June, 1977. • L. Wilson, Mayor Mildred V. Higham, - ty Recorder Seal Bill No. 95 of 1977 Published - June 21, 1977 -7- 95 ADM-SSA • Affidavit of Publication STATE OF UTAII, ss. County of Salt Lake _D CE --._ _ _-AN all La. Shang D. Palmer AN ORDINANCE of Salt It La eCi Utah,rPl.i tart tRa the Section of dell Lake Annotated er.,,,emec¢with 5ecdi0yi modifying and a e i Code eighbo ho 1953, datet June itled, amending the DevelopmenteP t iiuumant Plan ep idled Being first duly sworn,deposes and,says that he is legal a ver- 15,1976,as previously adopted as the official redevelopment plan for the protect area on Jdde 16,19]6. Be 11 ordained by the Board pt Commissionersed Sait Lake T NEWS, a daily y) City: sae Section i.hat the Neight Plan, rn a Develols,19i61bn and the 71('97 sptiper of rintth Dn the English language with(except (a',L)• hereby arriended to read as follows; ¢ l l p soma It ra "in necessary antl desirable to modify d c.R.a culation in Utah, and published in Salt Lake City, Salt Lake nd the Present redeveloPmenidated entilan tled, Neighborhood Development Plan County,in the State of Utah. adopted June 16,1976,in certain respects as provided by Section 11.19-23,Utah Code Annotated 19fitled a'"C.B.D NelghhOrheed evelo meat plan tl ted APrll 25,19]7. \: Development Plan; 2.The legal description of the amended boundaries of rite d bx the redevelopment tan itf'ed, fh(It. the legal notice of which a copy is att(1C C hereto proiecl ea dated April 25,1977, C.B.D.Neighhrhood Development Plan,' sa follo'eniTi t: Commencing at the Southwest Corner of the intersection North aloof the Westright-of-way ll'dileFotiSecOnd West Street; 5ou{hwOPst Pub notice of an ordinance relating_tot e Re— development Street,thence Wet of sine South rt9Morf-Wa Sine oa South Street;thenceet Westhe along the ri heittzerchen°f' development Agency of Salt Lake Cites Second South Street and Third Wasi Street;thence North along Cornorsat the inr remise ottThird We stSSt; nut and South Northwest t Streeetpt,thence East along the North right-of-way line of SOu of {h - SeulhlTempee to the le Street and rMain sStreet;thence r of eNorth aluingnihe West right-of-way line of Main Street 265 feet;ihnce hast l32 feet feeht,thenc;right-of-way South 79 feet,tried el Ea'O IA feet;thence South road' ihelice Wesrf South llethence SSouth;126 26 feet to the North the Beof-waI'Ine° alongast North rIghtdM en line of South tempi¢Sires{t0 the Sate Str}eet;thence South South along ethef Fast riahhof wet lie of State saad to theNortheast ow n sr set,thenrehCasfeaienyl0mefrsiorth June 21 1977 of the In}eise'AOn of See�tl South Simmer and to East Coon t� srareaiCaenhseo°heats�coa;eroliinemrers�io ofs¢`c°�aEasf was published in said newspaper on ----------- I Streetof-wan 11oe 61 earh{hS3oath Strence et to thet5°uthwesr Cannon l North ere M c} t Fa tit,$oath Street and Male Sr eel the • South f along the ns„off thel9 re M Osantl nllot Third South Stt et the od Tang; St t thence W f e the$ouch rightof y l Third 5 th t 1 to theS Temple 1 Corner of theinhence a Lfl Of ____.__ ---- J � (\ • the E SoutheiStreet Y tle ft1 t ple Street thence Sohih n f ' (� 1 Street then I West tl f the 6o ih rtigghlot ay line t F ffh \ \I� /�.��, 50uth street to the place f beg{ning,all m Salt L k C fy Salt _1—tJ ��-'� l egal Advertising Clerk Lake County,Utah,contain!Ping alfof Blocks Bieck 52 53 56 57, L e ou ty 69,at]5,76;7l,JB,and part of Block BB,Plat"A", Salt Lake purpose Survey. 3.The purpose and intent of its mega}ccomhe h the followin5 with respect to the ten at area is P dd rptlevelonmenV Ian u Poses C tlopeign f oh P "C.B.D.Neighborhood Development Plan,"dated Anril entitled,5'la7]: .Removal of structurally substandard buildings to permit 29th day of the stare of the nroieci area land to economic use and new dev lOpmient through assemblments to land lm of land into reasonably disposition zed and 7(! InC this community haped parcels served by improved public utilities and new - yf ilies. titres long term _ A.D. 19_77 o .°Rehabilitation f buildings Idieas to salt Lake City. including act wily mall the core area d g otherinatlon of irregular mental deficiencies, of theiland and madegnatle off sheer Pasubdivision, k nig lson,overcrowding r//1 e Achievement of anenvironment reflecting a high level of /f / concernfor architectural godidance,. POronrlare les,deoelot>td /11jf/� /,'Y, through encouragement,,flu a , protf,silo plementithe tax lopment A neat sing P ov seonls of the p 1 f y able 11 Notary Public Utah Nine..otJe D velopmeni Act,whch Is Incorporated h.Persons displaced from th P ¢ p ..- herein n,reference and made part of Yhls Ordinance. a find or l Melees desirable rd to teohlic tiiitles aer in nd Public g.SafIgginnnito Of the tax base and economic health of and find or will be aalefacillt es to find 1}'e'er ather in hre is oe prig n prices Within their -{2)That portion of the levied taxes each year in excess of entire wee;unify antl of the State of Utah. co er such'amount shall h t the levied to and when collected Mall be h.Pr°vas parking,r for Improvements to public streets,curbs an paid into a special fund of the redevelopment agency retl t the sidewalksbl ct iando an potltl lmri?rovemeni is htwrhoodland lroeslenable accesusible bertothi Pl the aces ober fe elolYrvStenisPlaced principal ate and retest leans,moneys ° ,4.Thsatisfied ant indebtedness ofand(whelhterester on refunded, noon erwise) real The redevelopment plan entitled, C:B.D.belt ion 1u retl by such redevelopment agency to finance or refinance, d made a Part of this Ordinance. housing facilities will be available wi{hin t'cdi Years from the inc hrly or in part,such redevelopment tot:-,c tier ssand until Development Plan e'dated Apnl 25,197],is incorporated herein 7.The Salt Lake City Commission in total as sled valuation of 4h taxable property a by reference an 5.The C.B.D.designated e ignat d as Development Pen dated April hmeparableMs olshetporoih,.area,iftanflY.a'ed to'foaming anE ie of he hev lopment protect uation s the feral assessed value ofnthe 25,19]7,Is hereby tle City as the official redevelopment plan Pending the development of such facti Hes,at,1 Y a redevelopment ioi such ceett hs shown by the last equallted of the vroieci area. comparable This Ordnance adopting the amended redevelopment Plan a e f roll referred to in dbsection(a)0)of this section, 6.The Salt Lake City Commission hereby determines and displacerI C O DIIN Ian abtiood.De meet Plan,"dated April all of the taxes levied and collected upon the taxable property in finds as follows: prising the ma' trite f the titled.. such redevelopment Protect shall h paid into the funds of the .Th ProlCct a central business distridd ofnSahlr 11 akse�fion s 1119edescr ell isi.2'12 7,'in 05ections the1 Provisions of Code lnAnnuted fineee nfl ch redevel t any, to interest a a hove been paid and and ecpecii a taxing aneacies.Who h loans, dvances, Utah Code offing-tea by the Utah Neighborhood Development Act, as ouys {hereafter ten ved fr m taxes pen the taxable Utah tad wrid provides is tan may uch redevel Pmenf Proleat shall be poaitl t°the Annotated 1953,as amended,and this the eoalOelopm¢nt s A y r,I redevelopment Plan contain a provision that ern s p ry fo effectuate the melt deVeosessetnrrhicy of taws, 'any ievih {ax.yl.,perf t in a redevelopment•tOegs of the to pective taxing agencies as taxes all other Utah 15Neighb°rhowl Development Act and Public Purpgses a prprpti are I.Ini prefect each Year by O for the benefit Of the Starli of Utah,any "'Section I.In ih opinion Of ih Board of Commissioners of tended by the establishment of the would redevelop Agency of taxes, .,alt Lake CITY,It it eaoinieo t°the peace,health,and welfare Of Salt Lake CPv. r develop the above city,county,city aM goon',tlisirlch or other public coraporation say b The rect conformity plan {h Cia et Salt b 5 eca this_to a pea 6,helth,ammetliatc Y. described a in nformity witha the Utah Neighborhood plan,hatter so times c Ilex taxing agencies') tte Section III.This Ordinance shall take effect at once upon its Development safety an and is i 0f a hhst interests gri ie lan i telly.peace,eeffe Il That bed bided t thfollows:approving the redevelopment first Publication. ate upon which the tax Is levied each Year by or for each of the PASSED by the Board of Commissioners of Salt Lake City c.The adoption and carrying out of the plan is feasible and (1) portion of the taxes which would be Produced by the firs 161h day of June,19J7. TED L.W ILSON' ally sound. of the taxable properly in Met redevelopment proiecl as shown upon theMSY01 eco d.The redevelopment plan conforms to and is compatible taxing agencies upon the total sumo n of the h the fazatlonUef such withthemaster plan out of Lake City,Utah. 5 used taxing agency,last equalized prior to the MILDRED V.HIGHAM e.The carrying of the 1Y¢devdelWehfare of the c'o a unith.Property bye u used ;MIL R or V. the Public Peace,health,sa as lleclh shelluhe paid info the funds of th respective toxins (SEAL) tl Will ftectuate the purposes and rwlicY of the Utah effective date of such ordinance,shall h allccaid to and when Blll No.95 of 19]] (D.59 NeihThe coo Development Act. co 1I ll,,P.?June21.1977 f.The condemnation of the real property,If and as Providh agencies asere faxes by or for saltl faxing apepncles on all other •far in edevehe redevelopmentment Pla and�dequateprosso to the eye.;ion ons havebean ionde for nor any taxing IdgenCo or or agenciesdidan0t include the on The Redevelopment Agency f Sall Lake Cdy has dinance but to Bich h rerrltarY has been ed the payment of said property'Zang acquired as reuuired hvtI w0 utheirwlsetory i a dev redevelopment oolledion the effective date al roll 'feasible ilyo'pa",the r location 1 +ors , rfa n y, hall ceased Ia t eotaizid en the t effective ivadate of of the hendaxace t mporarciv or manent'-displaced from housing facilities in 0 aall be in thein determiroiect on the effective dvgiee and of the to ordinance the Protect ara. efly