9 of 1981 - RESOLUTION APPROVING THE SITE FOR A COMMERCIAL INDUSTRIAL PROJECT BEING FINANCED IN PART WITH INDUST 1
Salt Lake City, Utah
February 3, 1981
The City Council of Salt Lake City, Salt Lake County,
Utah met in regular session at its regular meeting place in
Salt Lake City, Utah, at 5:00 p.m. February 3, 1981 with the
following City officials present:
Ronald J. Whitehead Councilmember
Grant Mabey Councilmember
Sydney Reed Fonnesbeck Councilmember
Palmer DePaulis Councilmember
Alice Shearer Councilmember
lone Davis Councilmember
Edward W. Parker Councilmember
Also present:
Ted L. Wilson Mayor
Mildred V. Higham City Recorder
Absent: None
After the meeting had been duly called to order the
minutes of the preceding meeting read and approved, the
following resolution was introduced in writing, read in full,
and pursuant to motion duly made by Alice Shearer and
seconded by Sydney R. Fonnesbeck , adopted by the following
vote:
JAI QI -I //9/S O
YEA: Ronald J. Whitehead
Grant Mabey
Sydney Reed Fonnesbeck
Palmer DePaulis
Alice Shearer
Ione Davis
Edward W. Parker
NAY: None
The resolution was then signed by the Mayor in open
meeting and recorded by the City Recorder in the official
records of Salt Lake City, Utah. The resolution is as
follows:
RESOLUTION APPROVING THE SITE FOR A COMMERCIAL
INDUSTRIAL PROJECT BEING FINANCED IN PART WITH
INDUSTRIAL DEVELOPMENT REVENUE BONDS TO BE OWNED,
DEVELOPED AND OPERATED BY A UTAH PARTNERSHIP IN
WHICH A.K.H. ASSOCIATES, INC. SHALL BECOME A
GENERAL PARTNER.
WHEREAS, Salt Lake City, Utah (the "Issuer"), by
and through its City Council, on August 5, 1980, adopted
a resolution authorizing and inducing the execution of a
Memorandum of Agreement with A.K.H. Associates, Inc.
contemplating the issuance of up to $15,000,000 of
Industrial Development Revenue Bonds (the "Bonds"), and
WHEREAS, both the Inducement Resolution and
Memorandum of Agreement of August 5, 1980 indicate that
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the Project to be financed will be located within the
boundaries of Salt Lake City; and
WHEREAS, at the time of the adoption of the
resolution of August 5, 1980 and execution of the
Memorandum of Agreement, the City Council and its
finance committee had been advised of the preliminary
intent of A.K.H. Associates, Inc. to develop property
situated on the southeast corner of Second South and
Third West Street in Salt Lake City so that the
property, as improved, could be used as a trade mart
facility (the "Project"); and
WHEREAS, it now appears that A.K.H. Associates,
Inc. has determined that real property on the southeast
corner of Second South and Second West is better suited
for development of the trade mart facility together with
parking and other related improvements:
NOW THEREFORE, BE IT RESOLVED by the City Council
of Salt Lake City, Salt Lake County, Utah as follows:
Section 1. The location of the Project on the
parcel of real property located on the southeast corner
�S,gc�gnd
piith of Second South and XK West Streets within the
corporate boundaries of Salt Lake City, Utah be and the
same is hereby approved as the site for the Project
which is described more fully in the Resolution of
Inducement and the Memorandum of Agreement of August 5,
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1980. The adoption of this Resolution and the approval
of the subject site does not modify any of the terms,
nor does it alter the effective date of the Resolution
of Inducement and the Memorandum of Agreement of August
5, 1980.
Passed and approved this 3rd day of February, 1981,
by the City Council of Salt Lake City, Utah.
2(4yi•r
ATTEST:
a444.,
City Recorde
( S E A L )
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STATE OF UTAH
ss.
COUNTY OF SALT LAKE )
I, Mildred V. Higham, the duly qualified and acting
City Recorder of Salt Lake City, Salt Lake County, Utah,
do hereby certify, according to the records of said City
in my official possession, that the above and foregoing
is a true and correct copy of the minutes of a meeting of
the City Council of said City, including a resolution
adopted at said meeting, insofar as said minutes pertain
to the matters therein set out.
IN WITNESS WHEREOF, I have hereunto subscribed my
official signature and impressed herein the seal of Salt
Lake City, Salt Lake County, Utah this 3rd day of
February, 1981.
1
City Recorder
( SEAL )
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STATE OF UTAH ) CERTIFICATE OF COMPLIANCE
: ss. WITH OPEN MEETING LAW
COUNTY OF SALT LAKE )
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 30th day of .Tan„ary ,
1981, pursuant to Utah Code Annotated Section 54-4-6
(1953), as amended, there was posted (at least 24 hours
prior to the meeting time) at the regular meeting place
of the City Council written notice of the regular
meeting of the City Council held on February 3, 1981, at
said regular meeting place. I further certify that
there was delivered to the local news media, at least 24
hours prior to said meeting, a copy of said Notice of
Regular Meeting.
IN WITNESS WHEREOF, I have hereunto set my hand and
affixed the official seal of said City this 3rd day of
February, 1981.
City Recorder
( S E A L )
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Resolution No. `�
By Council
Z
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Changing the location of the A.K.H.
Associates, Inc., trade mart facility,
together with parking and other related
improvements, from Second South and
Third West Streets to Second South and
Second West Streets, southeast corner,
said project to be financed, in part,
with industrial development revenue
bonds.