HomeMy WebLinkAbout11 of 1959 - A resolution declaring the policy that two-thirds of all proceeds received by Salt Lake City after J VREMARKS
11 ',Resolution No 3.; , . ..
R80�'x.1,err A7A-_ !S' ? stew''
1"' " ee14t int;tie''policy that te(. -r
u ds of aL j pr " recei:
'l a by ake after
it JTanxary i, l' r''from the Tin : ;
forii l.oca1'Stlo. and Ilse 1'etaC: 4 v
•I' `aathorized.by,'-be
hapter 114, 4 '
�. �j Of'Irtli h, 9 �„. be dedatpd"'
Capital outland to r#ie" I
s+ bonded ietdeb$edneea im" red
' tt+` d
f 'µ in +cpetaecti+on•t�ereiri� �, ,ate► ,,
Cleat it be the policy 4? the I F
° eoerd of Commiasionez_,i; of a,!* "
�� L *- Pity; to Safeguard� h 'i
dedicated Capital Pupdee fr 1" �i
M, diversion. to ,non-cap1bl 0 '
If. jay,!y reefusing to apprpwe 1 -
11 appropriations from ss d I:
dedicated fonds to non capi r ,,`
epeedi tares.
.
I
j Pfesmtsd la Ma Beard of Commissiost I�I
a AND PASSED u.
JUL2 91653
`.. r ..I S CCfY Rfii'OR,pBR 4 }r.11
•� I a - I r Clitilf Feed Ju1r 49, 1 .9 9 >4 1�
L'^d , .>' ` I: Address d 3
, �
duly 29, 1959
Honorable Adiel F. Stewart,
Mayer
Dear Sirs
At a meeting of the beard of Commissioners held
July 29, 1959, Resolution lie. 11 declaring the policy that twe-
thirds of all procAede received by Salt Lake City after January
1, 1960, from the Heifers Local Sales and Use 'Pax authorised by
Chapter 114, Laws of Utah, 1959, be dedicated to Bonded indebted-
noes iaourrod in commotion therewith, and that it be the policy
of the hoard of Commissioners of 4alt Lake City to safeguard
these dedicated Capital leads fron diversion to sen-capital
outlay by refusing to approve appropriations from said dedicated
funds to non-capital expenditures, was adopted.
Copy to Yours truly,
Each Commissioner
Auditor
Tress.
Law,
Piles, City Ream r
Am.102 50 .1-58 Q.P.
ROLL CALL ✓ Salt Lake City,Utah /� --mti , 1957
• VOTING Aye Nay 41
I move that the Resolution be adopted. 7
Burbidge . . . >
Christensen . .
Geurts +' L L-
Romney . . . ./
RESOLUTION
Mr.Chairman .
Result . . . .
WHEREAS, the City of Salt Lake City in the County of Salt Lake,
State of Utah, is a municipal corporation duly organized and existing
under the laws of the Stateof Utah as a City of the First Class; and
WHEREAS, the Legislature of the State of Utah, by Chapter 114,
Laws of Utah, 1959, authorized a Uniform Local Sales and Use Tax; and
WHEREAS, the County and City of Salt Lake have exercised their
option to levy said tax, as authorized by aforesaid Chapter; and
WHEREAS, the declared purpose and intent of the Legislature in
adopting said Chapter, as stated in Section 2 thereof, is that the funds
derived from the tax imposed by the said Chapter be used to the greatest
possible extent by the local political subdivisions to finance their
capital outlay requirements and to service their bonded indebtedness; and
WHEREAS, the Board of Commissioners of Salt Lake City, Utah
desires that the revenue derived from the said tax be used for capital
improvements in accordance with the declared legislative intent and
purpose; and
WHEREAS, the Board of Commissioners believes that a formal decla-
ration of policy regarding the use of funds derived from the said tax will
aid the City in fulfillment of the stated intent and purpose;
NOW, THEREFORE, be it resolved by the Board of Commissioners of
Salt Lake City, Utah:
(1) That two-thirds of all proceeds received by the City after
January 1, 1900 from the Uniform Local Sales and Use Tax authorized by
Chapter 114, Laws of Utah, 1959, be dedicated to capital outlay and t•
- 2 -
service bonded indebtedness incurred in connection therewith.
(2) That it be the policy of the Board of Commissioners of Salt
Lake City, Utah, to safeguard these dedicated capital funds from diver-
sion to non-capital outlay by refusing to ');.°ove appropriations from
said dedicated funds to non-capital expenditures.
Passed by the Board of Commissioners of Salt Lake City, Utah,
this 29th day of July , 1959.
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