40 of 1974 - A resolution reaffirming the City Commission’s approval of a certain urban renewal plan for a redeve Pr
Resolution No. 10
By Tennings Phillips, p_
1 •• COMMISSIONER
Reaffirming the City Commission's
approval of a certain urban renewal
plan for a redevelopment project know
as CBD West Neighborhood Developm
Program and approving the intention
of the Redevelopment Agency of Salt
Lake City to finance a portion of the
cost of said project.
Presented to the Board of Commissioners
AND PASSLD
,k U L 2 1974
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-
July 2, 1974
Redevelopment Agency of Salt Lake City
c/a M. Danny Wall, Executive Director
Room 410-Building 2-Arrow Press Square
Salt Lake City, Utah$4101
Gentlemen:
Here is RESOLUTION NO. 40 of 1974, passed by the Board of City
Commissioners at its meeting today, reaffirming the City Com-
mission's approval of a certain urban renewal plan for a redevelop-
ment project, known as CBD West Neighborhood Development
Program, and approving the intention of the Redevelopment
Agency of Salt Lake City to finance a portion of the cost of said
Project.
Yours }�QA,truly,
�lth,�.ov� " /
City Reco er
Enclosure
CC:
Finance
Files
" ROLL CALL
VOTING Aye ,Nay Salt Lake City,Utah, July 2 19 74
Mr.Chairman � / 7
I move that tlt Resol ton be adopted.
Greener \\\\
Harmsen ✓ /
vvv %l Gt�I��ZI � L�,.
Harrison
Phillips
RESOLUTION
Result
RESOLUTION OF THE BOARD OF CITY COMMISSIONERS OF SALT LAKE CITY
CORPORATION REAFFIRMING ITS APPROVAL OF A CERTAIN URBAN RENEWAL
PLAN, AND APPROVING THE INTENTION OF THE REDEVELOPMENT AGENCY
OF SALT LAKE CITY TO FINANCE A PORTION OF THE COST OF THE PROJECT
DESCRIBED IN SAID PLAN.
WHEREAS, pursuant to the Utah Neighborhood Development Act (Utah
Code Annotated 1953, Section 11-19-1 et seq., as amended) , the Re-
development Agency of Salt Lake City (the "Agency") has heretofore
approved a certain Urban Renewal Plan, dated January 15, 1971, for a
redevelopment project known as the CBD West Neighborhood Development
Program"; and
WHEREAS, by ordinance adopted on February 4, 1971, this Board of
City Commissioners approved and adopted said Urban Renewal Plan as the
official redevelopment plan for said project area; and
WHEREAS, said plan authorizes the Agency to finance all or a
portion of the cost of said project through the issuance of bonds pur-
suant to Section 11-19-25 of the Utah Neighborhood Development Act,
including but not limited to bonds secured by a pledge of taxes
allocated to the Agency under Section 11-19-29 of said Act; and
WHEREAS, the Agency intends to enter into contractual arrangements
for the acquisition of sites within the project area and the development
of such sites for public and private commercial uses, including a major
hotel, office building, retail stores, public off-street parking
facilities and related facilities;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF
SALT LAKE CITY:
1. That the approval of said plan by said Ordinance No. 15 of
1971, adopted by this Board on February 4, 1971, is hereby reaffirmed.
2. That the intent of the Agency to proceed pursuant to that
plan, including construction of a certain parking facility pursuant to
that plan is hereby approved.
3. That City staff members are hereby directed to cooperate with
and assist the Agency in connection with carrying out said plan.
4. Nothing contained herein shall be construed as making the
Salt Lake City Corporation responsible for payment of any costs incurred
by the Agency in connection with the carrying out of the plan, specifi-
cally including the repayment of any debt incurred by the Agency in
connection therewith.
Pas ed by the Board of Commissioners of Salt Lake Ci , Utah,
this 2, day of July, 1974.
N
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June 28, 1974 redevelopment agency
of salt lake city
Mr. Herman J. Hogensen room 410 • budding 2 ■ arrow press square
City Recorder salt lake city, utah 84101 • (801) 328-1577
Room 200 City & County Bldg.
Salt Lake City, Utah 84111
Dear Hogensen:
Enclosed is a copy of a resolution which we hereby request that the
Board of Commissioners of Salt Lake City Corporation consider at their
next regular meeting. The resolution has been prepared by the
Redevelopment Agency's bond counsel and would ratify a similar action
taken by the Redevelopment Agency at their last regular meeting
Thursday, June 27th.
By copy of this letter and enclosure, we are submitting to the City
Attorney for his office's consideration the proposed resolution.
If there are any questions with regard to the proposed resolution
we urge that you contact Mr. Richard S. Fox of the firm of Strong,
Poelman & Fox or William D. Oswald also of that firm, both of whom
are involved on the Agency's behalf.
Thank you for your ttent'on to this matter.
Sincerely,
M. anny Wall
Executive Director
MDW/vm
Enclosure
cc: Mr. Roger F. Cutler
City Attorney
DATE PROPOSED FOR ADOPTION July 2 , 1974
RESOLUTION
RESOLUTION OF THE BOARD OF CITY COMMISSIONERS OF SALT LAKE CITY CORPORATION,
REAFFIRMING ITS APPROVAL OF A CERTAIN URBAN RENEWAL PLAN, AND APPROVING THE
INTENTION OF THE REDEVELOPMENT AGENCY OF SALT LAKE CITY TO FINANCE A PORTION
OF THE COST OF THE PROJECT DESCRIBED IN SAID PLAN.
WHEREAS, pursuant to the Utah Neighborhood Development Act (Utah
Code Annotated 1953, Section 11-19-1 et seq., as amended), the Redevelopment
Agency of Salt Lake City (the "Agency")- has heretofore approved a certain
Urban Renewal Plan, dated January 15, 1971, for a redevelopment project known
as the "CBD West Neighborhood Development Program"; and
WHEREAS, by ordinance adopted on February 4, 1971, this Board of
City Commissioners approved and adopted said Urban Renewal Plan as the official
redevelopment plan for said project area; and
WHEREAS, said plan authorizes the Agency to finance all or a portion
of the cost of said project through the issuance of bonds pursuant to Section
11-19-25 of the Utah Neighborhood Development Act, including but not limited
to bonds secured by a pledge of taxes allocated to the Agency under Section
11-19-29 of said Act; and
WHEREAS, the Agency intends to enter into contractual arrangements
for the acquisition of sites within the project area and the development of
such sites for public and private commercial uses, including a major hotel,
office building, retail stores, public off-street parking facilities and
related facilities;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF CITY COMMISSIONERS OF
SALT LAKE CITY CORPORATION:
1. That the approval of said plan by said Ordinance No. 15 of
1971 adopted by this Board on February 4, 1971, is hereby reaffirmed.
2. That the intent of the Agency to proceed pursuant to that
plan, including construction of a certain parking facility pursuant to that
plan is hereby approved.
3. That City staff members are hereby directed to cooperate with
and assist the Agency in connection with carrying out said plan.
4. Nothing contained herein shall be construed as making the
Salt Lake City Corporation responsible for payment of any costs incurred by
the Agency in connection with the carrying out of the plan, specifically
including the repayment of any debt incurred by the Agency in connection
therewith.
Passed by the Board of City Commissioners of Salt Lake City Corporation
this day of July, 1974.
Mayor
City Recorder