06/06/2023 - Work Session - Meeting MaterialsSALT LAKE CITY COUNCIL
AGENDA
WORK SESSION
June 6, 2023 Tuesday 1:00 PM
Council meetings are held in a hybrid meeting format. Hybrid meetings allow people to join online or in
person at the City & County Building. Learn more at www.slc.gov/council/agendas.
Council Work Room
451 South State Street, Room 326
Salt Lake City, UT 84111
SLCCouncil.com
7:00 pm Formal Meeting
Room 326
(See separate agenda)
Welcome and public meeting rules
In accordance with State Statute and City Ordinance, the meeting may be held electronically. After 5:00 p.m., please enter the
City & County Building through the main east entrance.
The Work Session is a discussion among Council Members and select presenters. The public is welcome to listen. Items
scheduled on the Work Session or Formal Meeting may be moved and / or discussed during a different portion of the Meeting
based on circumstance or availability of speakers.
The Website addresses listed on the agenda may not be available after the Council votes on the item. Not all agenda items will
have a webpage for additional information read associated agenda paperwork.
Generated: 09:10:20
Note: Dates not identified in the project timeline are either not applicable or not yet determined. Item start
times and durations are approximate and are subject to change.
Work Session Items
Click Here for the Mayor’s Recommended Budget for Fiscal Year 2023-24
1.Informational: Updates from the Administration ~ 1:00 p.m.
15 min.
The Council will receive information from the Administration on major items or projects
in progress. Topics may relate to major events or emergencies (if needed), services and
resources related to people experiencing homelessness, active public engagement efforts,
and projects or staffing updates from City Departments, or other items as appropriate.
FYI – Project Timeline: (subject to change per Chair direction or Council discussion)
Briefing - Recurring Briefing
Set Public Hearing Date - n/a
Hold hearing to accept public comment - n/a
TENTATIVE Council Action - n/a
2.Informational: Equity Update ~ 1:15 p.m.
20 min.
The Council will hold a discussion about various initiatives led by the City's Office of
Equity and Inclusion. These initiatives include, but are not limited to, improving racial
equity and justice in policing. Discussion may also include updates on the City's other
work to achieve equitable service delivery, decision-making, and community engagement
through the Citywide Equity Plan, increased ADA resources, language access, and other
topics addressed in the ongoing work of the Human Rights Commission and the Racial
Equity in Policing Commission.
FYI – Project Timeline: (subject to change per Chair direction or Council discussion)
Briefing - Recurring Briefing
Set Public Hearing Date - n/a
Hold hearing to accept public comment - n/a
TENTATIVE Council Action - n/a
3.Resolution: Cannon Greens Community Garden at 1300 South
and 800 West, Public Benefits Analysis and Authorizing the
Lease Rate and Terms
~ 1:35 p.m.
10 min.
The Council will receive a briefing about a resolution that would authorize below-market
rent for lease of properties at 1300 South and 800 West for urban farming programs. The
Public Lands Department is proposing authorization of leases to the International Rescue
Committee (IRC) and Wasatch Community Gardens (WCG) for eight City-owned parcels,
totaling 2.41 acres.
FYI – Project Timeline: (subject to change per Chair direction or Council discussion)
Briefing - Tuesday, June 6, 2023
Set Public Hearing Date - Tuesday, May 23, 2023
Hold hearing to accept public comment - Tuesday, June 6, 2023 at 7 p.m.
TENTATIVE Council Action - Tuesday, June 13, 2023
4.Fiscal Year 2023-24 Budget: Capital Improvement Program
Overview ~ 1:45 p.m.
30 min
The Council will receive a briefing about the City's Capital Improvement Program (CIP),
which involves the construction, purchase or renovation of buildings, parks, streets or
other city-owned physical structures. Generally, projects have a useful life of at least five
years and cost $50,000 or more. The Council approves debt service and overall CIP
funding in the annual budget process, while project-specific funding is approved by
September 1 of the same calendar year.
FYI – Project Timeline: (subject to change per Chair direction or Council discussion)
Briefing - Tuesday, June 6, 2023
Set Public Hearing Date - Tuesday, June 13, 2023
Hold hearing to accept public comment - TBD
TENTATIVE Council Action - Tuesday, August 15, 2023
5.Fiscal Year 2023-24 Budget: Information Management
Services ~ 2:15 p.m.
40 min
The Council will receive a briefing about the proposed Information Management Services
(IMS) budget for Fiscal Year 2023-24. The department provides technical support for the
City.
FYI – Project Timeline: (subject to change per Chair direction or Council discussion)
Briefing - Tuesday, June 6, 2023
Set Public Hearing Date - Tuesday, April 18, 2023
Hold hearing to accept public comment - Tuesday, May 16, 2023 and Tuesday, June 6,
2023 at 7 p.m.
TENTATIVE Council Action - TBD
6.Previous Years’ Legislative Intents and Interim Study Items ~ 2:55 p.m.
20 min
The Council will receive a briefing about the Administration’s progress on the Council’s
legislative intent statements for Fiscal Year 2022-23, as well as legislative intents from
previous years that have not yet been completed. Legislative intents are formal requests
the Council makes of the Administration. This briefing will include updates on a variety
of subjects, including the crossing guard program, funding for affordable housing, and
more.
FYI – Project Timeline: (subject to change per Chair direction or Council discussion)
Briefing - Tuesday, June 6, 2023
Set Public Hearing Date - Tuesday, April 18, 2023
Hold hearing to accept public comment - Tuesday, May 16, 2023 and Tuesday, June 6,
2023 at 7 p.m.
TENTATIVE Council Action - TBD
7.Tentative Break ~ 3:15 p.m.
20 min.
FYI – Project Timeline: (subject to change per Chair direction or Council discussion)
Briefing - n/a
Set Public Hearing Date - n/a
Hold hearing to accept public comment - n/a
TENTATIVE Council Action - n/a
8.Resolution: General Obligation Bond for Parks, Trails, and
Open Space, Series 2023 ~ 3:35 p.m.
20 min.
The Council will receive a briefing about the first issuance of the General Obligation Bond
for Parks, Trails, and Open Space, Series 2023. Voters authorized $85 million for the
bond in November 2022. The first issuance would be up to $25.5 million to fund several
projects, three positions working on the bond projects, contingency funding, and public
art. Some projects would be fully funded in the first issuance while others would have
initial public engagement and planning.
For more information on this item visit https://tinyurl.com/SLCbonds.
FYI – Project Timeline: (subject to change per Chair direction or Council discussion)
Briefing - Tuesday, June 6, 2023
Set Public Hearing Date - n/a
Hold hearing to accept public comment - n/a
TENTATIVE Council Action - Tuesday, June 13, 2023
9.Fiscal Year 2023-24 Budget: Unresolved Issues Follow-up ~ 3:55 p.m.
120 min
The Council will receive a follow-up briefing about unresolved issues relating to the
proposed budget for Fiscal Year 2023-24.
FYI – Project Timeline: (subject to change per Chair direction or Council discussion)
Briefing - Thursday, May 25, 2023; Thursday, June 1, 2023; and Tuesday, June 6, 2023
Set Public Hearing Date - Tuesday, April 18, 2023
Hold hearing to accept public comment - Tuesday, May 16, 2023 and Tuesday, June 6,
2023 at 7 p.m.
TENTATIVE Council Action - TBD
10.Fiscal Year 2023-24 Budget: 911 Department Written Briefing
-
The Council will receive a written briefing about the proposed 911 Department budget
for Fiscal Year 2023-24. The Department provides both Police and Fire Dispatch
services for the City.
FYI – Project Timeline: (subject to change per Chair direction or Council
discussion)
Briefing - Tuesday, June 6, 2023
Set Public Hearing Date - Tuesday, April 18, 2023
Hold hearing to accept public comment - Tuesday, May 16, 2023 and Tuesday, June 6,
2023 at 7 p.m.
TENTATIVE Council Action - TBD
11.Board Appointment: Sister Cities Board – Melissa Greis ~ 5:55 p.m.
5 min
The Council will interview Melissa Greis prior to considering appointment to the Sister
Cities Board for a term ending July 6, 2027.
FYI – Project Timeline: (subject to change per Chair direction or Council discussion)
Briefing - Tuesday, June 6, 2023
Set Public Hearing Date - n/a
Hold hearing to accept public comment - n/a
TENTATIVE Council Action - Tuesday, June 6, 2023
12.Board Appointment: Human Rights Commission – Jennifer
Mayer-Glenn ~ 6:00 p.m.
5 min
The Council will interview Jennifer Mayer-Glenn prior to considering appointment to
the Human Rights Commission for a term ending December 31, 2027.
FYI – Project Timeline: (subject to change per Chair direction or Council discussion)
Briefing - Tuesday, June 6, 2023
Set Public Hearing Date - n/a
Hold hearing to accept public comment - n/a
TENTATIVE Council Action - Tuesday, June 6, 2023
Standing Items
13.Report of the Chair and Vice Chair
Report of Chair and Vice Chair.
14.Report and Announcements from the Executive Director -
-
Report of the Executive Director, including a review of Council information items and
announcements. The Council may give feedback or staff direction on any item related to
City Council business, including but not limited to:
•Vacancy Timeline; and
•Scheduling Items.
15.Tentative Closed Session -
-
The Council will consider a motion to enter into Closed Session. A closed meeting described
under Section 52-4-205 may be held for specific purposes including, but not limited to:
a. discussion of the character, professional competence, or physical or mental
health of an individual;
b. strategy sessions to discuss collective bargaining;
c. strategy sessions to discuss pending or reasonably imminent litigation;
d. strategy sessions to discuss the purchase, exchange, or lease of real property,
including any form of a water right or water shares, if public discussion of the
transaction would:
(i) disclose the appraisal or estimated value of the property under
consideration; or
(ii) prevent the public body from completing the transaction on the best
possible terms;
e. strategy sessions to discuss the sale of real property, including any form of a water
right or water shares, if:
(i) public discussion of the transaction would:
(A) disclose the appraisal or estimated value of the property under
consideration; or
(B) prevent the public body from completing the transaction on the best
possible terms;
(ii) the public body previously gave public notice that the property would be
offered for sale; and
(iii) the terms of the sale are publicly disclosed before the public body
approves the sale;
f. discussion regarding deployment of security personnel, devices, or systems; and
g. investigative proceedings regarding allegations of criminal misconduct.
A closed meeting may also be held for attorney-client matters that are privileged pursuant to
Utah Code § 78B-1-137, and for other lawful purposes that satisfy the pertinent
requirements of the Utah Open and Public Meetings Act.
CERTIFICATE OF POSTING
On or before 5:00 p.m. on Friday, June 2, 2023, the undersigned, duly appointed City Recorder, does
hereby certify that the above notice and agenda was (1) posted on the Utah Public Notice Website
created under Utah Code Section 63F-1-701, and (2) a copy of the foregoing provided to The Salt
Lake Tribune and/or the Deseret News and to a local media correspondent and any others who have
indicated interest.
CINDY LOU TRISHMAN
SALT LAKE CITY RECORDER
Final action may be taken in relation to any topic listed on the agenda, including but
not limited to adoption, rejection, amendment, addition of conditions and variations
of options discussed.
The City & County Building is an accessible facility. People with disabilities may make requests for
reasonable accommodation, which may include alternate formats, interpreters, and other auxiliary
aids and services. Please make requests at least two business days in advance. To make a request,
please contact the City Council Office at council.comments@slcgov.com, 801-535-7600, or relay
service 711.
Administrative
Updates
June 6, 2023
www.slc.gov/feedback/
Regularly updated with highlighted
ways to engage with the City.
Community Engagement Highlights
Community & Neighborhoods slc.gov/canBallpark NEXT / RDA Ballparknext.com
Planning slc.gov/planning
Planning
•Reorganization of Local Historic District Chapter
•Planning Commission recommended adoption
•Newly initiated projects
•North Temple Boulevard Plan Amendments: Madsen Park (D2)
•Historic Overlay Enforcement (Citywide)
•2100 South Station Area Plan and Zoning Amendments, including Ballpark Station Area
Zoning Amendments (D5)
Public Utilities
•Water Reclamation Facility Update (D1)
•Guadalupe School Impacts and minor road impacts
•Engagement and updates continue
•Mailers in Rose Park Community mailboxes
•Rose Park Community Festival
Community & Neighborhoods slc.gov/canBallpark NEXT / RDA Ballparknext.com
Planning slc.gov/planning
Ballpark Next
•Winners announced! (D5)
•100 attendees
•4,607 votes among the 9 finalists
Arts Council
•2023 Public Art Goals (D1 & D2)
•Survey open for West Side art
Community & Neighborhoods slc.gov/canBallpark NEXT / RDA Ballparknext.com
Planning slc.gov/planning
Public Lands
•Glendale Regional Park Master Plan (D2)
•Construction beginning this fall on phase 1
•Phase 2 and beyond engagement starting this summer
•Laser Light Nights Survey
•Great attendance / Reviews mixed
•Public lands working to incorporate the feedback into new ways to celebrate
•SLC Foothill Trailheads improvements (D3, D6)
•353 surveys collected last fall
•Water fountains, restrooms, trash, native water-wise landscaping requested
•More signage
•Frustration around limited parking
•Maintain natural feel
•Gateway Triangle Park (D2)
•400 responses to survey
•Residents seeking a beautiful, peaceful park space
•Project on hold due to unforeseen roadblock
•Public Lands will engage the community again after options for design are
developed.
Community & Neighborhoods slc.gov/canMayor’s Office slc.gov/mayor
June Community Office Hours
Location Date Time
Lindsey Gardens (near the West parking lot)June 10 9am-11am
Rose Park Street Festival June 10 10am-12pm
Laird Park June 12 3pm-5pm
Sugar House Park (Sugar Beet Pavilion)June 12 2:30pm-4:30pm
La Barba Coffee June 20 9am-11am
www.slc.gov/feedback/
Community & Neighborhoods slc.gov/canJune Events
These events are a collection of City Sponsored, ACE, and publicly permitted events.
Event Date Location
Yappy Hour 6/8/23 Fairmont Park
Acoustic Music Strolls on Jordan River Parkway 6/8/23 Jordan River Parkway
Twilight Concert Series -Death Cab for Cutie 6/9/23 Gallivan Center
Resource Fair 6/9/23 900 South River Park
Rose Park Street Festival 6/10/23 Picture Drive between 800 N and 1200 W
Zoot Suit Night -1940’s Themed Dance 6/10/23 536 S 900 W
SLAM Free Concerts: School's Out Showcase 6/10/23 Utah Art Alliance Theater at Trolley Square
SLC Track Club & Deseret News Spring Series 10K (Race 2 of 3)6/10/23 Memory Grove Park
Partners in the Park 6/13/23 Jordan Park
Neighborhood House Summer Celebration 6/16/23 Neighborhood House
Summer Film Series at Liberty Park --Little Richard: I Am Everything 6/16/23 Liberty Park
Sugar House Rocks Concert Series 6/16/23 Monument Plaza
Utah Blues Festival 6/16/23 Galivan Center
Downtown Farmers Market 6/17/23 Pioneer Park
Bridging the Gap Workshop Series 6/17/23 Big Cottonwood Park / U of U CAP/IRC Building
SLUG Mag's Brewstillery 6/17/23 Artspace City Center
34th Annual Utah Juneteenth Freedom & Heritage Festival 6/21/23 Gallivan Center
Homeless Resource Center Utilization
•May 29-June 2 HRC's:99.4%
Rapid Intervention/ EIM
•EIM-Folsom Trail/ 800 West
•54 HEART-tracked camps (37 two weeks ago)
•RIT locations:
o VOA Outreach Engagement: 7
o RIT Site Rehabilitations: 18 (+16)
300 East Cleanup-Last Week
-15-20 Magnolia Apt Residents, 8 City Staff,
CM Valdemoros, RIT Staff
-Cleaned and beautified street between 100-
200 S
Resource Fair:
•Friday June 9th-@ 9th South River Park
•9:30-12:30
Homelessness
Update
for more information contact:
Salt Lake Valley Coalition to End
Homelessness (SLVCEH)
endutahhomelessness.org /
salt-lake-valley
Utah Office of Homeless Services
(OHS)
jobs.utah.gov/homelessness/
index.html
Emergency Kit and Resource Fair
Save the Date for June events!
June 14:
World Refugee Day
2023 Citizenship
Ceremony.
11 a.m. Utah State
Capitol Rotunda
Refugees and
immigrants will be
sworn in as
naturalized U.S.
citizens
June 16-17:
World Refugee Day
Festival
June 20:
Catholic Community
Services Forced to
Flee event at the
Gallivan Center from
4:00-8:00 pm.
June 22:
In honor of
Immigrant Heritage
Month World
Refugee Day, the
Mayor’s Office is
planning to host the
event on Thursday,
June 22, 2023, from
9 a.m. to 12 p.m.
Item G1
CITY COUNCIL OF SALT LAKE CITY
451 SOUTH STATE STREET, ROOM 304
P.O. BOX 145476, SALT LAKE CITY, UTAH 84114-5476
SLCCOUNCIL.COM
TEL 801-535-7600 FAX 801-535-7651
MOTION SHEET
CITY COUNCIL of SALT LAKE CITY
TO:City Council Members
FROM: Allison Rowland
Budget and Policy Analyst
DATE:June 6, 2023
RE: ORDINANCE: BELOW MARKET RENT FOR LEASE OF PROPERTIES LOCATED AT 1300
SOUTH AND 800 WEST FOR URBAN FARMING PROGRAMS
MOTION 1 – CLOSE PUBLIC HEARING
I move that the Council close the public hearing and defer action to a later date.
MOTION 2 – CONTINUE PUBLIC HEARING
I move that the Council continue the public hearing on a future date.
Public Benefits Analysis for Glendale
Farming Programs
City Council Presentation, June 6th, 2023
Properties
Former Cannon Greens
Community Garden
Vacant Parcels
Leased to the
International Rescue
Committee (IRC)
Background
•The IRC was issued their lease for the New Roots program. After
investing $40,000 in clean up and improvements on the property,
the soil was determined to be too contaminated for in-ground
planting. This put plans for the property on hold in 2019.
•Due to the contamination found on the IRC’s leased parcels, the
Cannon Greens garden was tested and determined to have similar
contamination. The garden was closed in 2019.
•In 2022, Council funded remediation of the Cannon Greens site
through CIP. Soil testing and excavation was conducted spring 2023.
Urban Farming Programs
IRC New Roots
•Provides agricultural space and technical assistance to refugees.
•Supports the economic development of farmers through local
markets. Farmers generated over $235,000 in revenue in 2022.
WCG Green Team Job Training Program
•Provides farm-based employment, mentorship, and training for
women experiencing homelessness.
•In 2021, grew and sold 40,000 seedlings, provided food to 13
community agencies, and served 11,000 community members.
Proposed Uses
Wasatch Community
Gardens Green Team
Job Training Program
(Currently housed at
Green Phoenix Farm)
IRC New Roots
Proposed Lease Terms
Existing Lease Proposed New Lease
Property 1.66 acres 2.41 acres
Lease Holders IRC IRC and WCG
Term 5 years with option for one 5-
year renewal
5 years with option for renewal up
to four in 5-year terms (25 years
total)
Rate $1/year $1/year
Program New Roots New Roots, Job Training Program
Public Benefits
The Market Lease rate was determined to be $77,400.
In exchange for a reduced lease rate, the City receives the following
public benefits:
•Activation of Vacant Property/Improved Environmental Health
•Economic Development and Stability
•Improved Food Access and Food-Growing Education
•Support for Refugees, Women Experiencing Homelessness, and
Low-Income Populations
Salt Lake City’s Goals
Without this transaction, these programs would not be able to operate
in the city due to high cost of land.
This transaction would help the City attain the goals identified in the
following documents:
•2015 Plan Salt Lake
•2021 Salt Lake City Food Equity Recommendations for Future
Success
•Mayor’s 2022 Plan
MARY BETH THOMPSON
Finance Director
ERIN MENDENHALL
Mayor
DEPARTMENT OF FINANCE
POLICY AND BUDGET DIVISION
451 SOUTH STATE STREET, ROOM 238
PO BOX 145467, SALT LAKE CITY, UTAH 84114-5455 TEL 801-535-6394
CITY COUNCIL TRANSMITTAL
________________________ Date Received: ___________
Lisa Shaffer, Chief Administrative Officer Date sent to Council: ___________
____________________________________________ ____________________________
TO: Salt Lake City Council DATE: April 19, 2023
Darin Mano
FROM: Mary Beth Thompson, Chief Financial Officer
Katherine Lewis, City Attorney
SUBJECT: Authorizing below market leases to the International Rescue Committee (IRC)
and Wasatch Community Gardens (WGC) for eight city-owned parcels, totaling 2.41 acres, for
the operation of urban farming programs: Public Benefit Analysis under Utah Code Section 10-
8-2.
SPONSOR: NA
STAFF CONTACT: Randy Hillier, Policy and Budget Analyst (801) 535-6606,
Kimberly Chytraus, City Attorney (801) 535-7685
Kristin Riker, Director of Public Lands Department (801) 972-7804
DOCUMENT TYPE: Public Benefits Analysis and Recommendation
RECOMMENDATION: The Administration recommends that a public hearing be held on the
matter of the Public Benefits Analysis and to consider adopting a resolution authorizing the
leases to the International Rescue Committee (IRC) and Wasatch Community Gardens (WCG)
for eight city-owned parcels, totaling 2.41 acres, for the operation of urban farming programs.
BUDGET IMPACT: NA
BACKGROUND/DISCUSSION: Salt Lake City Public Lands (Public Lands) is proposing
authorization of leases to the International Rescue Committee (IRC) and Wasatch Community
Gardens (WCG) for eight city-owned parcels, totaling 2.41 acres, for the operation of urban
farming programs.
IRC currently leases four of the parcels at the rate of $1 per year for a five-year period. The lease
was renewed for a second five-year period in 2022. IRC plans to use the site for its New Roots
Katherine Lewis (May 4, 2023 07:50 MDT)
Lisa Shaffer (May 4, 2023 14:01 MDT)05/04/2023
05/04/2023
program which provides community garden space to immigrants and resettled refugees to
provide space to grow culturally relevant produce, farming education, and economic opportunity
through farmers markets. WCG and IRC desire to jointly lease all 8 parcels for their collective
operations.
WCG will operate its Job Training Farm, which provides employment and mentorship for
women facing homelessness while also improving ecological function in urban spaces. This
would replace the current location, known as the Green Phoenix Farm. Co-locating these
programs allows for synergies in site layout and public benefits.
Public Lands would like to execute a new lease for all eight parcels jointly to IRC and WCG at a
rate of $1 per year for a 5-year term, with options to renew for 4 additional 5year terms (for a
total term of 25 years).
PUBLIC PROCESS: Public Hearing
Alejandro Sanchez (May 4, 2023 12:11 MDT)
RESOLUTION NO. _____ OF 2023
Authorizing Below Market Rent for Lease of Properties Located at 1300 South
and 800 West for Urban Farming Programs
WHEREAS, the Salt Lake City Department of Public Lands has proposed the
authorization of a lease jointly to the International Rescue Committee (IRC) and Wasatch
Community Gardens (WCG) (each of which is a nonprofit entity) for eight City-owned parcels
of land, totaling 2.41. acres, for the operation of urban farming programs; and
WHEREAS, IRC currently leases four of the parcels at the rate of one dollar per year for
a five-year period. The lease was renewed for a second five-year period in 2022. IRC plans to
use the site for its New Roots program that provides community garden space to immigrants and
resettled refugees to provide space to grow culturally relevant produce, farming education, and
economic opportunity through farmers markets; and
WHEREAS, WGC and IRC desire to jointly lease from the City all eight parcels for their
collective operations. WGC will operate its Job Training Farm, which provides employment and
mentorship for women facing homelessness while also improving ecological function in urban
spaces. This would replace the current location, known as Green Phoenix Farm. Co-locating
these programs allows for synergies in site layout and public benefits; and
WHEREAS, Utah Code Section 10-8-2(1)(a)(v) allows public entities to provide
nonmonetary assistance and waive fees to and for nonprofit entities after a public hearing; and
WHEREAS, Public Lands would like to execute a new lease for all eight parcels jointly
to IRC and WCG (the “New Lease”) and provide nonmonetary assistance in the form of a below-
market lease rate of one dollar per year for a five-year term, with options to renew for four
additional five-year terms (for a total of 25 years) (the “Lease Fee Waiver”); and
2
WHEREAS, although Utah Code Section 10-8-2 does not require a study for such
nonmonetary assistance and fee waivers, in this case the City Administration voluntarily
performed an analysis (the “Analysis”) of the public benefits of providing the Lease Fee Waiver
to IRC and WCG, which Analysis was included in the transmittal to the City Council before the
public hearing; and
WHEREAS, the City Council has, following the giving of not less than 14 days public
notice, conducted a public hearing relating to the foregoing, in satisfaction of the requirements of
Utah Code Section 10-8-2; and
WHEREAS, the City Council has reviewed the Analysis, and has fully considered the
conclusions set forth therein and all comments made during the public hearing;
THEREFORE, BE IT RESOLVED by the City Council of Salt Lake City, Utah, as
follows:
1. The City Council hereby adopts the conclusions set forth in the Analysis, and
hereby finds and determines that, for all the reasons set forth in the Analysis, the Lease Fee Waiver
is appropriate under these circumstances.
2. The City Council hereby authorizes the City administration to negotiate the New
Lease and execute the New Lease and any other relevant documents consistent with this Resolution
and incorporating such other terms and agreements as recommended by the City Attorney’s office.
Passed by the City Council of Salt Lake City, Utah, this _____ day of ________ 2023.
SALT LAKE CITY COUNCIL
By: ______________________
CHAIRPERSON
ATTEST:
____________________________
CITY RECORDER
APPROVED AS TO FORM:
Salt Lake City Attorney’s Office
___________________________
Boyd Ferguson, Senior City Attorney
Date: ______________________ 4-19-2023
1
MEMORANDUM
TO: Lisa Shaffer, Chief Administrative Officer
FROM: Kristin Riker, Director OF Public Lands Department
DATE: April 3rd, 2023
SUBJECT: Informal Analysis of Public Benefits Provided by Below-market Lease of
properties located at 1300 South and 800 West for Urban Farming
Programs
REQUEST: The Administration requests a public hearing and vote on the lease terms
outlined in the following analysis.
INTRODUCTION
Salt Lake City Public Lands (Public Lands) is proposing authorization of leases to the
International Rescue Committee (IRC) and Wasatch Community Gardens (WCG) for
eight city-owned parcels, totaling 2.41 acres, for the operation of urban farming
programs.
IRC currently leases four of the parcels at the rate of $1 per year for a five-year period.
The lease was renewed for a second five-year period in 2022. IRC plans to use the site
for its New Roots program which provides community garden space to immigrants and
resettled refugees to provide space to grow culturally relevant produce, farming
education, and economic opportunity through farmers markets.
WCG and IRC desire to jointly lease all 8 parcels for their collective operations. WCG
will operate its Job Training Farm, which provides employment and mentorship for
women facing homelessness while also improving ecological function in urban spaces.
This would replace the current location, known as the Green Phoenix Farm. Co-locating
these programs allows for synergies in site layout and public benefits.
Public Lands would like to execute a new lease for all eight parcels jointly to IRC and
WCG at a rate of $1 per year for a 5-year term, with options to renew for 4 additional 5-
year terms (for a total term of 25 years).
LEGAL FRAMEWORK
Under Utah law, after first holding a public hearing, a municipality may “authorize
municipal services or other nonmonetary assistance to be provided to a nonprofit entity,
whether or not the municipality receives consideration in return.” Utah Code §10-8-
2(1)(a)(v). Because both IRC and WCG are nonprofit entities, the City may reduce rent it
would ordinarily be required to receive for use of the City Property so long as the
municipal legislative body first holds a public hearing regarding the waiver and
2
authorizes the Administration to reduce rent rates for IRC and WCG to operate their
New Roots and Job Training Farm programs.
Utah Code §10-8-2(3) outlines the purposes for which a municipal body may
appropriate funds as “for any purpose that, in the judgment of the municipal legislative
body, provides for the safety, health, prosperity, moral well-being, peace, order, comfort,
or convenience of the inhabitants of the municipality.” The factors that must be
considered in determining the propriety of such an appropriation or waiver if made to
any type of entity or individual other than a nonprofit entity as set forth under Utah
Code §10-8-2(3)(e). Here, it may be helpful to consider the same factors:
(1) The specific benefits (including intangible benefits) to be received by the
City in return for the arrangement;
(2) The City’s purpose in making the appropriation, including an analysis of
how the safety, health, prosperity, moral well-being, peace, order, comfort or
convenience of the residents of Salt Lake City will be enhanced; and
(3) Whether the appropriation is “necessary and appropriate” to accomplish
the reasonable goals and objectives of the City in the area of economic
development, job creation, affordable housing, blight elimination, resource
center development, job preservation, the preservation of historic structures and
property, and any other public purpose.
BACKGROUND OF THE PROJECT
IRC was granted a lease in 2017 of four parcels totaling 1.66 acres (noted in yellow
below) for operation of the New Roots program. The reduced rate for the existing lease
was approved because the rent charge was determined to be equal to the value of in-kind
contributions of IRC to the property which included watering, weeding, and site
improvements. IRC completed projects on site including installing water lines, including
backflow preventer and three spigots on the property, installing permanent perimeter
fencing, grading of the site, and hauling of debris, landfill fees, and soil testing. IRC has
invested over $40,000 to date in the development of the site for the New Roots
program, including material improvements to the property and staff time. Through
routine soil testing, in 2019 elevated levels of contaminants were found on the site
which halted further development on the site until remediation funding could be
secured.
WCG operated the Cannon Greens Community Garden site (shown in purple below)
between 2012 to 2019 as part of the Green City Growers program. The parcels total 0.36
acres and are adjacent to the parcels leased by IRC. Upon discovery of contamination on
the IRC’s parcels in 2019, WCG and the City sampled soil in the Cannon Greens garden.
Similar contamination levels were discovered which led to the closing of the garden.
In August 2022, City Council funded a Capital Improvement Project for Urban Farm
Development which included $150,000 to conduct a risk assessment and remediate
3
these parcels. The following site plan was developed to create synergies between both
programs to maximize the benefit of the remediation funds as well as ensure best
outcomes for participants and the public.
Existing Conditions Map
Table 1. List of City Owned Parcels
Historic Use Parcel ID Address Acres Zone
Former Cannon Greens
Community Garden
15-11-480-001 789 W 1300 S
(California Ave)
.18 R-1-7000
Former Cannon Greens
Community Garden
15-11-480-003 773 W 1300 S
(California Ave)
.18 R-1-7000
Glendale Farm – IRC Lease 15-11-480-028 1333 S 800 W 1.17 PL
Glendale Farm – IRC Lease 15-11-480-029 1333 S 800 W .20 PL
Glendale Farm – IRC Lease 15-11-480-012 747 S 1300 S .14 PL
Glendale Farm – IRC Lease 15-11-480-033 741 W 1300 S .15 PL
Vacant 15-11-480-006 743 W 1300 S .19 R-1-7000
Vacant 15-11-480-032 741 W 1300 S .20 R-1-7000
4
Proposed Site Plans
5
LEASE AND PUBLIC BENEFITS PROVIDED
I. Terms of Below-market Lease; Costs to the City
If this property was leased at market rate, the expected lease rate could be $77,400
annually. This market lease rate was determined by Real Estate Services through their
standardized lease value calculation using property values assigned by the Salt Lake
County Assessor. Using these property values, an average value per square foot is
calculated and then applied across the total square footage to determine the 100% Lease
Fee Value. The City’s standard rate of return is 8% which equals $77,400. However, it is
important to note that these land valuations do not factor in the contamination on the
properties. The soil contamination across these properties would net a lower market
lease rate.
We are requesting that the property be leased at a rate of $1 per year, in exchange for
the public benefits described below as well as the care of and improvements on the
property. This lease rate mirrors the existing rate that the IRC holds for their current
lease. For the IRC lease, this rate was determined appropriate because the value of
regular maintenance and capital improvements on the property was calculated to be
equal to the market rent rate.
Parcel Acreage Land Value
15114800280000 1.17 $392,400
15114800030000 0.18
$100,500
15114800010000 0.18
$100,500
15114800290000 0.2
$67,100
15114800120000 0.14
$47,000
15114800330000 0.15
$50,300
15114800060000 0.19
$103,300
15114800320000 0.2
$106,400
TOTAL 2.41 $967,500
Lease Factor Rate 8%
Annual Lease Rate $77,400
Land Value = 2022 tax value
II. Public Benefits Provided by Lease
6
The proposed below market lease on these properties is critical for allowing these
organizations to operate these programs which provide many public benefits to the city.
The cost of land is one of the biggest barriers for the operation of these programs.
Without a below rate lease, these programs would not be able to operate. In exchange
for the below market lease, the city would receive the following public benefits:
• Activation of Vacant Property and Improved Environmental Health
Currently, the lots are vacant and unutilized. They are overgrown with weeds which has
created safety concerns. These organizations would provide infrastructure and
programming for full beautification and activation of over two acres in the Glendale
community. Both organizations utilize regenerative agriculture practices which would
restore the ecology of a vacant urban lot, introduce composting and organic growing
methods, provide beneficial insect habitat, utilize waterwise irrigation, and emphasize
focus on farming that returns carbon from the atmosphere to the soil.
• Economic Development and Stability
One of the key facets of both programs is improving economic development and stability
for their participants. In 2022, the New Roots program helped 41 farmers generate over
$235,000 in revenue through produce sales. This would be expanded by the operation
proposed for this site. The Job Training Farm’s 5-year SROI is 2.96. For every dollar
spent over the course of five-year farm operation, $2.96 returns to the local economy.
Furthermore, if estimating these women will work for at least five more years and
assuming an employment fulfillment rate of 88% and a discounting yearly rate of five
percent, the five-year net present value of just one year’s farm investment is $5.8
million.
The Green Team Job Training Program (currently operating at the Green Phoenix
Farm) provides employment, mentoring, and job training to women facing
homelessness through a partnership with Advantage Services. By working part-time,
undergoing job/life skills training, and engaging in one-on-one advocacy and support,
our Green Team participants leverage the farm experience as a way to address barriers
in their lives. The program serves as a crucial “stepping stone” for women who are
working towards the goal of stable housing and employment.
• Improved Food Access and Food-Growing Education
The New Roots program will leverage the skills and knowledge of refugee community
members to improve culturally appropriate food access and health and wellbeing
outcomes. The New Roots farm incubation program provides low-cost land access,
technical assistance, and training to refugee farmers on topics including business
development, climate-specific production, food safety, and local marketing.
The Job Training Farm grows over 40,000 seedlings at its current location which, in
2021, were sold to over 3,000 individuals in Salt Lake County. This represents
7
thousands of households who are able to plant organic, locally grown seedlings to feed
their families as well as share with their neighbors and community.
• Support for Refugees, Women Experiencing Homelessness, and Low-Income
Populations
New Roots is a multi-faceted food security and agriculture program founded in 2010
that offers refugees, many of whom come from agricultural backgrounds, opportunities
to engage in the local food system. Through economic development opportunities and
improved access to culturally appropriate foods, this program provides stability and
community for refugees new to our city.
WCG's Job Training Farm operating at the Green Phoenix Farm location provides
employment and mentorship for women facing homelessness. In 2021, over 11,000
community members were served by WCG's programs, events, and produce donations,
the majority of whom were from low- and moderate-income households. The same year,
88% of Green Team participants left the program with stable housing and 78% of Green
Team participants attained reliable employment within one month of the program.
Additionally, thirteen community agencies received food from the farm, including
Advantage Services, Comunidades Unidas, Neighborhood House, Palmer Court,
Volunteers of America, and YWCA. Through these partners, WCG increased access to
fresh, local, organic food for families in our community.
III. Salt Lake City’s Purposes and Enhancing the Quality of Life for
Residents.
Approval of this transaction is a valuable step towards achieving better equity outcomes
in two ways 1) investment and activation of underutilized space on the west side which
provides valuable services to nearby communities, and 2) specific programming and
services for local immigrant, refugee, and unsheltered communities which are among
the most underserved in our City. This transaction would activate currently unused lots
which enhances sense of safety and neighborhood character in this area. The transaction
would allow for full utilization of all eight parcels through programs that increase
health, prosperity, and well-being for program participants, neighbors, and the broader
community. These programs also provide education and economic opportunity which
helps strengthen and build resilience in these communities.
IV. Accomplishing Salt Lake City’s Goals.
The below market lease is necessary and appropriate to achieve the outlined goals. The
high cost of land is a prohibitive obstacle to urban farming operations in the city.
Reducing rents ensures these programs can continue to support food equity, community
education and empowerment, and economic resilience.
8
Entering into this lease meets several goals the City has identified related to urban
agriculture, food equity, and food access. The Resident Food Equity Advisors released
the Salt Lake City Food Equity Recommendations for Future Success in 2021. The
programs benefiting from this transaction align with many of the ideas in this report
which include:
• Building agency and self-reliance in residents,
• Supporting nature and building a healthier city environment,
• Providing access to food that is culturally, personally, and spiritually relevant,
and
• Providing financial support, learning opportunities and building skills.
This transaction also aligns with an initiative from the 2015 Plan Salt Lake vision:
“Support urban agriculture and local food systems that produce healthy and sustainable
food for the community, while providing valuable open space.” Additionally, activation
of this site was specifically identified in the Mayor’s 2022 Plan: “Begin a community
process for putting the city parcels east of Sorenson Center back into a productive
community use.”
CONCLUSION
Approving a below market lease to the IRC and WGC will allow the New Roots
program and the Job Training Farm to continue and expand operations in the city,
providing some of our most vulnerable residents with education and valuable skill -
building, economic opportunities, self-sufficiency, and healthy foods for themselves and
their families. Their tenancy will further activate and beautify currently unused space
near a valuable resource center. The costs to the City of providing a below-market lease
rate are outweighed by the tangible and intangible benefits to the City.
It is recommended that the City execute a new lease to the International Rescue
Committee and Wasatch Community Gardens for the lease rate of $1 per year for five
years, with option to renew for 4 additional 5-year terms (for a total term of 25 years) in
exchange for the tangible and intangible benefits to the entire City for the public
purpose of accomplishing the City’s goals and objectives in the areas of food equity and
access, public health and wellness, economic development, and beautification.
CITY COUNCIL OF SALT LAKE CITY
451 SOUTH STATE STREET, ROOM 304
P.O. BOX 145476, SALT LAKE CITY, UTAH 84114-5476
SLCCOUNCIL.COM
TEL 801-535-7600 FAX 801-535-7651
COUNCIL STAFF REPORT
CITY COUNCIL of SALT LAKE CITY
tinyurl.com/SLCFY24CIP
TO:City Council Members
FROM: Ben Luedtke
Budget & Policy Analyst
DATE:June 6, 2023
RE:FY2024 Capital Improvement Program (CIP)
ANNUAL BUDGET BOOK: Pages 67-68 and 143 – 154
CIP BUDGET BOOK PAGES:
- 5-12 shows a summary table of proposed projects and funding sources
- 13-15 lists CIP projects not recommended for funding
- 19-23 identify existing bonds paid from CIP (does not include General Obligation bonds)
and other ongoing obligations
- 27-53 has project specific pages for the recommended General Fund CIP projects
- 57-108 has project specific pages for enterprise fund capital projects (Airport, Golf, and Public Utilities)
ISSUE AT-A-GLANCE
Each year, the Council appropriates overall funding available for the Capital Improvement Program (CIP) and
approves debt payments and ongoing obligations as part of the annual budget in June. Over the summer, the
Council reviews individual projects and per state law must approve project specific funding by September 1. CIP
is an open and competitive process where residents, local organizations, and City departments submit project
applications. The Community Development and Capital Improvement Program (CDCIP) resident advisory board
reviews the applications in public meetings and makes funding recommendations to the Mayor and Council. The
Mayor provides a second set of funding recommendations which this year are identical to the advisory board’s
except one project; $150,000 for Westside Art was proposed after the CDCIP board completed their
deliberations. The Council considers both sets of funding recommendations and ultimately decides project
specific funding. Funding for capital improvements sometimes occurs in midyear budget amendments but the
annual CIP process is the Council’s largest annual opportunity to fund large public construction projects. This
report provides an overview of the proposed overall budget for FY2024, projects of Council Member interest not
recommended for funding, policy questions, and further details in the Additional Info section and attachments.
Project Timeline:
Budget Hearings: May 16 & June 6, 2023
1st Briefing: June 6, 2023
2nd Briefing: July 11, 2023
3rd Briefing & Public Hearing: July 18, 2023
4th Briefing & Public Hearing: August 8, 2023
Potential Action: August 15, 2023
Note: The Council approves debt service and
overall CIP funding in the annual budget. Project
specific funding is approved by September 1.
Page | 2
Overview of the FY2024 CIP Proposed Budget
The total FY2024 CIP budget is $39.3 million which is $7.4 million (16%) less than last year. FY2023 was a
record year for CIP with nearly $47 million total funding plus the $67.5 Million Sales Tax Bond and $85 million
Parks, Trails, and Open Space General Obligation Bond. The proposed FY2024 CIP budget is closer to the City’s
typical total CIP funding level in recent years. However, the General Fund transfer to CIP (first row in the table
below) is 6.8% of ongoing revenues which is slightly below the 7% seen in most budget years (last year was a
record at 9%). An additional $851,814 would be needed to reach the 7% level for FY2024. Most of the lower total
CIP funding is caused by removal of $3.7 million in one-time funds used in FY2023 to replace hand held radio
equipment and the shift of $1.8 million from Funding Our Future for parks from CIP (as it was in the FY2023
budget) to personnel costs. The Administration indicates that ongoing funding spent on vehicles this year for
those personnel could be added to CIP again next year. The table below details funding sources for CIP by fiscal
year. See Attachment 5 for an overview of the major CIP Funding Sources. Other highlights include:
$10.3 Million Unrestricted Funds – $10,287,935 of the ongoing transfer from the General Fund are unrestricted
funds available for any new projects (the most flexible funding available). This does not include the Funding Our
Future source which the Council has restricted to five critical need areas.
$1.4 Million Decrease of Impact Fees Spending – The amount of impact fees in the proposed CIP budget is the
smallest amount since FY2017. There are over $20.7 million of impact fees available to spend across the four
types: fire, parks, police, and transportation. Most of the available funds are for parks and transportation. See
Additional info section for more. It’s worth noting the Council sometimes approves significant amounts of
impact fees for capital expenses in midyear budget amendments so CIP is not the only relevant budget opening.
$300,000 Decrease for County 1/4¢ Sales Tax for Transportation – This became a new funding source three
years ago and is available to transportation projects per state law. As seen in other sales tax revenue line items,
this one has experienced significant growth in recent years but is projects to slightly decrease in FY2024.
$10.9 Million Debt and Lease Payments – $10,901,526 (44%) of the General Fund transfer to CIP (including
Funding Our Future dollars) is needed to cover debt payments and the Crime Lab lease payment. However, it
should be noted that $4,393,161 of this amount is for a first-year payment on a proposed sales tax revenue bond
for which the Council has not approved the list of projects. This funding could be used for FY2024 projects if the
Council declines to proceed with the bond or approves a smaller bond.
Comparison of CIP Funding Sources by Fiscal Year
$ C h an g e % C h an g e
Ge ne r al Fund 1 5 ,1 2 6 ,884$ 2 5 ,2 3 1 ,4 3 1$ 2 1 ,1 89 ,4 6 1$ (4 ,0 4 1 ,9 7 0 )$ -1 6 %
Fu nd ing Our Futu r e *3 ,5 80 ,0 0 0$ 5 ,1 0 0 ,0 0 0$ 3 ,6 2 6 ,87 5$ (1 ,4 7 3 ,1 2 5 )$ -2 9 %
Cla ss C 3 ,0 2 1 ,7 0 6$ 3 ,0 0 0 ,0 0 0$ 3 ,5 0 0 ,0 0 0$ 5 0 0 ,0 0 0$ 1 7 %
I m p a c t Fe e s**8,2 7 6 ,1 0 3$ 4 ,1 5 9 ,7 5 5$ 2 ,9 6 8,85 0$ (1 ,1 9 0 ,9 0 5 )$ -2 9 %
CDBG 3 2 2 ,0 0 0$ 7 2 2 ,0 0 0$ -$ (7 2 2 ,0 0 0 )$ ONE-TI ME
Re p u r p o se Old CI P A c c o u nts***2 5 2 ,2 7 1$ 1 5 2 ,6 6 0$ PENDI NG -ONE-TI ME
Co u nt y 1 /4 ¢ Sale s Ta x 4 ,9 0 0 ,0 0 0$ 8,0 0 0 ,0 0 0$ 7 ,7 0 0 ,0 0 0$ (3 0 0 ,0 0 0 )$ -4 %
Su r p lu s Land Fund 2 0 0 ,0 0 0$ -$ -$ -$ ONE-TI ME
Sm it h's Naming Rig h t s Re v e nue 1 5 4 ,0 0 0$ 1 5 4 ,0 0 0$ 1 5 0 ,0 0 0$ (4 ,0 0 0 )$ -3 %
SLC Sp o r ts Co mple x ESCO 1 4 8,5 0 5$ 1 4 8,5 0 5$ 1 5 0 ,5 0 0$ 1 ,9 9 5$ 1 %
Me m o r ial Ho use Re nt Re v e nue 6 8,5 5 4$ 6 8,5 5 4$ 5 0 ,0 0 0$ (1 8,5 5 4 )$ -2 7 %
TOTA L 3 6 ,0 2 7 ,1 3 1$ 4 6 ,7 3 6 ,9 0 5$ 3 9 ,3 3 5 ,6 86$ (7 ,4 0 1 ,2 1 9 )$ -1 6 %
TOTA L w ith o u t ONE-TI ME 3 5 ,2 5 2 ,86 0$ 4 5 ,86 2 ,2 4 5$ 3 9 ,3 3 5 ,6 86$ (6,5 2 6 ,5 5 9 )$ -1 4 %
*I nc lu d e s % to CI P "o ff t h e to p" av aila b le t o a ny pro je c t , a nd fu nding fo r t ra nsit , a nd pub lic rig h t o f w ay
infra st ru c ture . A ls o , fu nd ing so urc e is o ng o ing b ut Co u nc il c o u ld c h ange t h e u se c a te go rie s in t h e fu ture
**Th e re a re fo ur im p a c t fe e ty pe s: fire , p a rks, po lic e a nd st re e ts
***I nc lu de s re c ap t u re d fu nds fro m m u lt ip le funding so u rc e s
No t e : Th e re 's a $2 2 ,89 2 d e b t se rv ic e re sc o pe re duc tio n no t se pa rate d o u t in t h e ta b le ab o v e fo r FY 2 0 2 2
C I P Fu n din g So u rc e s A do pt e d
2 0 2 1-2 2
A do p t e d
2 0 2 2 -2 3
Pro p o se d
2 0 2 3 -2 4
FY 2 0 2 3 t o FY 2 0 2 4
Page | 3
Projects of Council Member Interest Not Recommended for Funding by Advisory Board & Mayor
The total cost to fully fund the four projects listed below is $2,514,126. Of this amount, $747,000 could come
from parks impact fees which is itemized by project below. The Council could fund these projects by adding
funding to CIP above the Mayor’s Recommended Budget and/or shifting funding from projects that are
recommended for funding. Projects are listed in district numerical order:
Council Member Petro: Project #21 is $830,000 for Rose Park Lane Landscaping, Trail Rebuild, and Safety
-$235,000 is eligible for parks impact fees
-The project could be partially funded in two or three phases:
o $565,000 for the trail reconstruction as the first phase
o $235,000 for irrigation and tree planting as the second phase
o $30,000 for two solar feedback speed limit signs which could be done independently from the
other two phases (at any time) and potentially with funding from the temporary traffic calming
intervention funding in the Transportation Division’s base budget
Council Member Puy: Project #18 requesting $500,000 for Madsen Park Improvements
-$300,000 is eligible from park impact fees
-CDCIP Board said if additional funding is available, then this project is their next highest priority
-Madsen Park is also identified as a neighborhood park to be reimagined with funding from the Parks,
Trails, and Open Space General Obligation Bond
Council Member Valdemoros: Project #22 requesting $530,000 for Richmond Park Playground
-$212,000 is eligible from park impact fees
-Richmond Park is also identified as a neighborhood park to be reimagined with funding from the Parks,
Trails, and Open Space General Obligation Bond
Council Member Dugan: Project #46 requesting $494,126 for Westside of Foothill Drive Safety Enhancements
-Some elements might be partially eligible for transportation impact fees
-The project is from the 2017 Foothill Drive Implementation Strategy but this was not brought to the
Council for adoption
-A request has been submitted to the Administration for phasing options
Council Member Fowler: Project #32 requesting $150,000 for Sugar House Safe Side Streets Phase 2
-Phase 1 received $153,221 in FY2022 CIP for studying, testing, public engagement, and designs of traffic
calming improvements on six local streets: Hollywood Avenue, Ramona Avenue, Garfield Avenue,
Lincoln Street, 1000 East, and McClelland Street
-An application was submitted in the FY2023 CIP cycle for Phase 2 but did not receive additional funding
-The FY2024 CIP application is requesting funds that would be combined with remaining funds from
Phase 1 to complete the traffic calming improvements recommended in the Phase 1 traffic study
Simplified Funding Log and Project Scores from CDCIP Resident Advisory Board
(See Attachment 4 for the simplified funding log)
The CDCIP Board scored each CIP application which serves as a general guide to help inform funding decisions
but is not meant to be strictly adhered to. The Board recommends that if additional funding were available, then
project #18 Madsen Park Improvements be prioritized. The log also includes a social vulnerability index
developed by the Centers for Disease Control (CDC) using 16 factors to rank Census Tracts. The next column
shows scores from the Sustainability Department where 10 is the highest (best) possible. Then the Parks,
Natural Lands, Urban Forestry, and Trails or PNUT Board scores are shown where 1 is the highest (best)
possible. The last column on the sight side shows current pavement conditions for public right of way (streets,
alleys, curb & gutter, and sidewalks) where applicable.
Recapture Funds from Completed Projects and Unfinished Projects Older than Three Years
(Attachment 6 – Pending at time of publishing this staff report)
The CIP and Debt Management Resolution (Attachment 1) states that remaining funds should be considered for
recapture from completed projects and unfinished projects that are older than three years unless there has been
significant progress. The table in Attachment 6 is the staff’s attempt to follow up on the Council’s policy
guidance for CIP projects. Most of the 128 projects received General Fund dollars or impact fees. Some of this
funding could be recaptured by the Council as one-time revenue for General Fund uses, however, the other
sources like Class C, CDBG, impact fees, and donations have uses limited by law. The table was sent to the
Page | 4
Administration to identify whether a project is completed and status updates for unfinished projects. A response
and potential funding to recapture will be added to one of the Council’s upcoming unresolved issues briefings.
POLICY QUESTIONS
1.Capital Asset Plan Early Policy Check-in Briefing – The Council may wish to schedule a briefing
for an early policy check-in about the guiding priorities and framework for developing the Capital Asset
Plan (five-year CIP plan). The Non-departmental budget has a $350,000 transfer to IMS for Capital
Asset Planning software to facilitate development and periodic updating of the plan. See Attachment 7
for the Council’s potential policy goals, metrics, and requests from a briefing in 2019.
2.Livable Streets (Traffic Calming) Program Funding Level – The Council may wish to discuss
the funding level and pace of implementing the Livable Streets Program. See Attachment 9 with
information from the Transportation Division including first year accomplishments and maps of the
highest need zones. The Division anticipates completing six or seven zones (neighborhoods) at the
proposed funding level of $1.35 million in FY2024 combined with the $2 million from FY2023 CIP. An
additional $9 million would be needed to fully fund the remaining 18 high need zones (red, orange, and
yellow on the color-coded map assuming an average cost of $500,000 per zone).
3.Combine Two Separate $150,000 Appropriations for Westside Art – The Council may wish to
continue the discussion from the RDA FY2024 budget overview about whether to combine two separate
$150,000 appropriations proposed for new art on the Westside. One appropriation is proposed in CIP
and the other is proposed in the RDA 9-Line Project Area.
4.Inflationary Price Increases and the Cost Overrun Account – The Council may wish to ask the
Administration how inflationary price increases have impacted departments utilizing the CIP Cost
Overrun Account, and if additional funding may be needed to avoid project scope reductions. The
Council could also re-evaluate the funding level for the account and/or the formula for the maximum
amounts a project may receive, which hasn’t been updated since 2004 (see section 11 of Attachment 1).
5.Resources to Support Constituent Applications – The Council may wish to discuss with the
Administration the need to address geographic equity issues with additional targeted City resources for
neighborhoods that submit few or no constituent applicants. Some Council Members expressed interest
in being proactive to support constituent applications from neighborhoods with higher poverty rates.
Some constituents and CDCIP Board Members commented at public meetings in recent years that they
felt like some projects get more support from departments than others.
6.CIP Project Status Reports – The Council may wish to ask the Administration about mechanisms to
facilitate the up-to-date sharing of information on current CIP projects. In the past, there were a variety
of mechanisms to share information, ranging from topic-by-topic email requests to consolidated
monthly reports. Council Members could then more quickly provide accurate/timely information to
interested constituents.
ADDITIONAL & BACKGROUND INFORMATION
Definition of a CIP Project
As defined in the Council-adopted 2017 Capital and Debt Management Guiding Policies Resolution (Attachment
1), a CIP project must “involve the construction, purchase or renovation of buildings, parks, streets or other
physical structures, … have a useful life of five or more years, … have a cost of $50,000 or more, … or significant
functionality can be demonstrated…such as software.” The Council also set a three-year spending deadline as
part of the guiding policies. CIP accounts older than three years are periodically reviewed for recapture from
projects that finished under budget or were not pursued.
Cost Estimates for Regular CIP Projects
(Attachment 8)
Cost estimates will be updated over the summer to inform the Council’s project-specific deliberations in July and
August. The current version was last updated in July 2022. Cost estimates for various types of projects are based
on actual costs from recent years. The document was developed by Council staff in collaboration with the
Administration. The three categories of project cost estimates are parks, streets, and transportation. Inflation
and supply chain constraints have continued to impact the City’s capital projects so the costs shown in the
current version are likely more expensive now. Some categories have seen significant increases while others have
closer to typical inflation rate increases. The Engineering Division provided some context that the City doesn’t
Page | 5
know to what extent the larger price increases are temporary (such as related to pandemic caused short-term
supply chain disruptions) or longer-term trends.
Comparison of CIP Project Requests by Year and Type
This chart was prepared by Council staff as a comparison of total project requests on the CIP funding log since
FY2017, and whether the application is come a constituent or internal to a City department. The FY2024 CIP
cycle has 59 project requests which is about average over the time shown in the chart. FY2021 had the fewest
with 19 project requests only from departments (it was intentionally an “abbreviated CIP cycle” per the
Administration at the time). FY2023 had the most with 90 project requests.
Surplus Land Fund
The Administration reports the current available to spend balance is $2,374,127 and another $1,025,130 is
proposed in FY2023 Budget Amendment #6. If approved, then the total available balance would be $3,399,257.
The Surplus Land Fund receives proceeds from the sale of real property (land and buildings). According to City
policy the Surplus Land Fund can be spent on purchasing real property. The funds are one-time because the
property can only be sold once.
Cost Overrun Account
The Administration reports the current available to spend balance is $823,081 and another $100,000 is
proposed in FY2023 Budget Amendment #6 as a reimbursement to the account. The FY2024 CIP budget
includes $247,571 of additional funding. If the two appropriations are approved, then the total available balance
would be $1,170,652. The Council established this account for projects that experience costs slightly higher than
budgeted. A formula determines how much additional funding may be pulled from the Cost Overrun account
depending on the total Council-approved budget. See section 11 of Attachment 1 for the formula. This process
allows the Administration to add funding to a project without returning to the Council in a budget amendment.
A written notification to the Council on uses is required. The purpose is to allow projects to proceed with
construction instead of delaying projects until the Council can act on a budget amendment which typically takes
a few months.
1.5% for New Art and Maintenance of Existing Artworks
(New annual report is pending from the Arts Council)
The Administration stated the annual report required by ordinance about maintenance of City artworks in the
past fiscal year and planned for the next will be transmitted to the Council in July or August. This timing is after
the annual budget is adopted so the amount of funding available in CIP overall allows the 1.5% to be calculated
and inform how those funds would be used.
10 13 19 14
0
24
41
29
67
37
35 40
19
50
49
30
0
10
20
30
40
50
60
70
80
90
100
FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2022 FY2024
Capital Improvement Program (CIP)
Total Project Requests by Fiscal Year (FY)
Constituent Departmental
Page | 6
Salt Lake City Code, Chapter 2.30, established the Percent for Art Fund and designates roles for the Art Design
Board and Arts Council related to artist selection, project review and placement. The Public Art Program also
oversees projects with funding from the Airport and RDA. In April 2021 the Council amended Chapter 2.30 to
make several changes to the ordinance including an increase from 1% to 1.5% of ongoing unrestricted CIP
funding for art. There is no ceiling so the Council could approve funding for art above 1.5%.
The ordinance also sets a range of 10%-20% for how much of the resulting annual funding is allocated to
maintenance (as opposed to new artworks). This section of the ordinance also states that before funds are
deposited into the separate public art maintenance fund a report from the Administration will be provided to the
Council identifying works of art that require maintenance and estimated costs. This creates the first ongoing
dedicated funding for conservation and maintenance of the City’s public art collection consisting of over 270
pieces and counting. The collection is expected to continue growing. Note that in Budget Amendment #2 of
FY20 the Council made a one-time appropriation of $200,000 to establish an art maintenance fund.
Impact Fee Unallocated “Available to Spend” Balances and Refund Tracking
The Council approved several million dollars of impact fee projects in the past few years. The table below is
current as of April 24, 2023, and includes a couple adjustments based on Budget Amendment #6 of FY2023.
Available to spend impact fee balances are bank account balances subtracting encumbrances and expired funds.
The Mayor’s recommended CIP budget proposes using $2,728,850 of parks impact fees and $240,000 of
transportation impact fees. The total amount of the four impact fee types is $20,730,097. Impact fees must be
encumbered within six years of the City receiving them. Expired impact fees must be returned to the entity who
paid them with interest over the intervening six years.
Type Unallocated Cash
“Available to Spend”Next Refund Trigger Date Amount of Expiring
Impact Fees
Fire $0 More than two years away -
Parks $13,980,808 More than two years away -
Police $1,339,030 More than two years away -
Transportation $5,410,259 More than two years away -
Note: Encumbrances are an administrative function when impact fees are held under a contract
Clarifying “Complete Streets” and “Livable Streets” Initiatives
(See Attachment 9 for a Livable Streets Program update from the Transportation Division including first year
accomplishments and maps of the highest need zones)
There are two separate pots of funding – one for “complete streets” and another for “Livable Streets” – which are
both under the CIP umbrella. The “complete streets” funding is intended to be used to ensure that major street
reconstruction projects meet the standards defined in City Code Chapter 14.06, with elements like bike lanes
(Complete Streets). The “Livable Streets” funding is intended to be used for neighborhood scale traffic calming
projects as defined by the Livable Streets program presented to the Council in October 2021. This is separate
from street reconstruction projects. The program ranked all 113 zones citywide across several variables including
crash data, community assets, and resident socioeconomic factors. In August 2022, the Council provided policy
guidance that a citywide needs-based equity approach should be used to prioritize zones based on the ranking.
CIP Tracking Technology Improvements
The Administration reports improvements are ongoing to CIP tracking of projects and applications. A project
dashboard is in development. Once complete, the Administration plans to make the dashboard publicly
available. The City currently provides a public interactive construction and permits project information map
available here: http://maps.slcgov.com/mws/projects.htm
ATTACHMENTS
1. Capital and Debt Management Guiding Policies Resolution 29 of 2017
2. FY2024 CIP Funding Log – Note the spreadsheet from the Administration is not formatted for printing
3. FY2024 Mayor’s Recommended CIP Budget Book Log
4. FY2024 Simplified CIP Funding Log by CDCIP Board Scores
5. Overview of CIP Major Funding Sources
6. List of Completed and Unfinished Projects Older than Three Years
7. Capital Asset Plan (CAP) Council Requests from January 2019
8. Regular CIP Projects Cost Estimates (last updated July 2022)
9. Livable Streets Traffic Calming Program First Year Accomplishments Summary and Updated Zone Map
Page | 7
ACRONYMS
CAP – Capital Asset Plan (a five-year CIP plan)
CDBG – Community Development Block Grants
CDC – Centers for Disease Control
CDCIP – Community Development and Capital Improvement Program Advisory Board
CIP – Capital Improvement Program
ESCO – Energy Service Company
FTE – Full-time Employee
FY – Fiscal Year
GO Bond – General Obligation Bond
IMS – Information Management Systems Department
RESOLUTION NO . _29_0F 2017
(Salt Lake City Council capital and debt management policies.)
R 17-1
R 17-13
WHEREAS, the Salt Lake City Council ("City Council" or "Council") demonstrated its
commitment to improving the City's Capital Improvement Program in order to better address the
deferred and long-term infrastructure needs of Salt Lake City; and
WHEREAS, the analysis of Salt Lake City's General Fund Capital Improvement
Program presented by Citygate Associates in February 1999, recommended that the Council
review and update the capital policies of Salt Lake Corporation ("City") in order to provide
direction to the capital programming and budgeting process and adopt and implement a formal
comprehensive debt policy and management plan; and
WHEREAS, the City's Capital Improvement Program and budgeting practices have
evolved since 1999 and the City Council wishes to update the capital and debt management
policies by updating and restating such policies in their entirety to better reflect current
practices; and
WHEREAS, the City Council desires to improve transparency of funding opportunities
across funding sources including General Fund dollars, impact fees, Class C (gas tax) funds,
Redevelopment Agency funds, Public Utilities funds, repurposing old Capital Improvement
Program funds and other similar funding sources.
NOW THEREFORE, BE IT RESOLVED by the City Council of Salt Lake City,
Utah:
That the City Council has determined that the following capital and debt management
policies shall guide the Council as they continue to address the deferred and long-term
infrastructure needs within Salt Lake City:
Capital Policies
1. Capital Project Definition-The Council intends to define a capital project as follows:
"Capital improvements involve the construction, purchase or renovation of
buildings, parks, streets or other physical structures. A capital improvement must
have a useful life of five or more years. A capital improvement is not a recurring
capital outlay item (such as a motor vehicle or a fire engine) or a maintenance
expense (such as fixing a leaking roof or painting park benches). In order to be
considered a capital project, a capital improvement must also have a cost of
$50,000 or more unless such capital improvement's significant functionality can
be demonstrated to warrant its inclusion as a capital project (such as software).
Acquisition of equipment is not considered part of a capital project unless such
acquisition of equipment is an integral part of the cost of the capital project."
2. Annual Capital Budget Based on 10-Year Capital Facilities Plan-The Council requests that
the Mayor's Recommended Annual Capital Budget be developed based upon the 10-Year
Capital Facilities Plan and be submitted each fiscal year to the City Council for consideration
as part of the Mayor 's Recommended Budget no later than the first Tuesday of May.
3. Multiyear Financial Forecasts-The Council requests that the Administration :
a. Prepare multi-year revenue and expenditure forecasts that correspond to the capital
program period;
b . Prepare an analysis of the City's financial condition , debt service levels within the capital
improvement budget, and capacity to finance future capital projects; and
c . Present this information to the Council in conjunction with the presentation of each one-
year capital budget.
4. Annual General Fund Transfer to CIP Funding Goal-Allocation of General Fund revenues
for capital improvements on an annual basis will be determined as a percentage of General
Fund revenue . The Council has a goal that no less than nine percent (9%) of ongoing General
Fund revenues be invested annually in the Capital Improvement Fund.
5. Maintenance Standard-The Council intends that the City will maintain its physical assets at
a level adequate to protect the City's capital investment and to minimize future maintenance
and replacement costs.
6 . Capital Project Prioritization-The Council intends to give priority consideration to projects
that:
a. Preserve and protect the health and safety of the community;
b. Are mandated by the state and/or federal government; and
c. Provide for the renovation of existing facilities resulting in a preservation of the
community's prior investment, in decreased operating costs or other significant cost
savings , or in improvements to the environmental quality of the City and its
neighborhoods.
7. External Partnerships -All other considerations being equal, the Council intends to give fair
consideration to projects where there is an opportunity to coordinate with other agencies ,
establish a public/ private partnership, or secure grant funding .
8. Aligning Project Cost Estimates and Funding-The Council intends to follow a guideline of
approving construction funding for a capital project in the fiscal year immediately following
the project's design wherever possible. Project costs become less accurate as more time
passes. The City can avoid expenses for re-estimating project costs by funding capital
projects in a timely manner.
9. Advisory Board Funding Recommendations-The Council intends that all capital projects be
evaluated and prioritized by the Community Development and Capital Improvement
Program Advisory Board . The resulting recommendations shall be provided to the Mayor ,
and shall be included along with the Mayor 's funding recommendations in conjunction with
the Annual Capital budget transmittal , as noted in Paragraph two above.
10. Prioritize Funding Projects in the 10-Year Plan-The Council does not intend to fund any
project that has not been included in the 10-Year Capital Facilities Plan for at least one (1)
year prior to proposed funding, unless extenuating circumstances are adequately identified.
11. Cost Overrun Process -The Council requests that any change order to any capital
improvement project follow the criteria established in Resolution No. 65 of2004 which
reads as follows:
a. "The project is under construction and all other funding options and/ or methods
have been considered and it has been determined that additional funding is still
required.
b. Cost overrun funding will be approved based on the following formula:
1. 20% or below of the budget adopted by the City Council for project
budgets of $100,000 or less;
ii. 15% or below of the budget adopted by the City Council for project
budgets between $100,001 and $250,000;
iii. 10% or below of the budget adopted by the City Council for project
budgets over $250,000 with a maximum overrun cost of $1oo,ooo.
c. The funds are not used to pay additional City Engineering fees.
d. The Administration will submit a written notice to the City Council detailing the
additional funding awarded to projects at the time of administrative approval.
e. If a project does not meet the above mentioned criteria the request for additional
funding will be submitted as part of the next scheduled budget opening.
However, if due to timing constraints the cost overrun cannot be reasonably
considered as part of a regularly scheduled budget opening, the Administration
will prepare the necessary paperwork for review by the City Council at its next
regularly scheduled meeting."
12. Recapture Funds from Completed Capital Projects-The Council requests that the
Administration include in the first budget amendment each year those Capital Improvement
Program Fund accounts where the project has been completed and a project balance remains.
It is the Council's intent that all account balances from closed projects be recaptured and
placed in the CIP Cost Overrun Contingency Account for the remainder of the fiscal year, at
which point any remaining amounts will be transferred to augment the following fiscal year's
General Fund ongoing allocation.
13. Recapture Funds from Unfinished Capital Projects-Except for situations in which
significant progress is reported to the Council, it is the Council's intent that all account
balances from unfinished projects older than three years be moved out of the specific project
account to the CIP Fund Balance. Notwithstanding the foregoing, account balances for bond
financed projects and outside restricted funds (which could include grants, SAA or other
restricted funds) shall not be moved out of the specific project account.
14. Surplus Land Fund within CIP Fund Balance -Revenues received from the sale of real
property will go to the unappropriated balance of the Capital Projects Fund and the revenue
will be reserved to purchase real property unless extenuating circumstances warrant a
different use. It is important to note that collateralized land cannot be sold.
15 . Transparency of Ongoing Costs Created by Capital Projects-Any long-term fiscal impact to
the General Fund from a capital project creating ongoing expenses such as maintenance,
changes in electricity /utility usage, or additional personnel will be included in the CIP
funding log and project funding request. Similarly, capital projects that decrease ongoing
expenses will detail potential savings in the CIP funding log.
16. Balance Budget without Defunding or Delaying Capital Projects -Whenever possible,
capital improvement projects should neither be delayed nor eliminated to balance the
General Fund budget.
17. Identify Sources when Repurposing Old Capital Project Funds-Whenever the
Administration proposes repurposing funds from completed capital projects the source(s)
should be identified including the project name, balance of remaining funds, whether the
project scope was reduced, and whether funding needs related to the original project exist.
18. Identify Capital Project Details -For each capital project, the capital improvement projects
funding log should identify:
a. The Community Development and Capital Improvement Program Advisory Board's
funding recommendations,
b. The Administration's funding recommendations,
c. The project name and a brief summary of the project,
d . Percentage of impact fee eligibility and type,
e. The project life expectancy,
f. Whether the project is located in an RDA project area,
g. Total project cost and an indication as to whether a project is one phase of a larger
project,
h. Subtotals where the project contains multiple scope elements that could be funded
separately,
1. Any savings derived from funding multiple projects together,
j. Timing for when a project will come on-line,
k. Whether the project implements a master plan,
1. Whether the project significantly advances the City's renewable energy or
sustainability goals,
m . Ongoing annual operating impact to the General Fund,
n. Any community support for the project -such as community councils or petitions,
o. Communities served,
p. Legal requirements/mandates,
q. Whether public health and safety is affected,
r. Whether the project is included in the 10-Year Capital Facilities Plan,
s. Whether the project leverages external funding sources, and
t. Any partner organizations .
Debt Management Policies
1. Prioritize Debt Service for Projects in the 10 -Year Capital Facilities Plan -The Council
intends to utilize long-term borrowing only for capital improvement projects that are
included in the City's 10-Year Capital Facilities Plan or in order to take advantage of
opportunities to restructure or refund current debt. Short-term borrowing might be utilized in
anticipation of future tax collections to finance working capital needs.
2. Evaluate Existing Debt before Issuing a New Debt-The Council requests that the
Administration provide an analysis of the City's debt capacity, and how each proposal meets
the Council's debt policies, prior to proposing any projects for debt financing. This analysis
should include the effect of the bond issue on the City's debt ratios , the City 's ability to
finance future projects of equal or higher priority , and the City's bond ratings.
3. Identify Repayment Source when Proposing New Debt-The Council requests that the
Administration identify the source of funds to cover the anticipated debt service requirement
whenever the Administration recommends borrowing additional funds.
4. Monitoring Debt Impact to the General Fund-The Council requests that the Administration
analyze the impact of debt-financed capital projects on the City's operating budget and
coordinate this analysis with the budget development process.
5. Disclosure of Bond Feasibility and Challenges -The Council requests that the
Administration provide a statement from the City's financial advisor that each proposed bond
issue appears feasible for bond financing as proposed. Such statement from the City's
financial advisor should also include an indication of requirements or circumstances that the
Council should be aware of when considering the proposed bond issue (such as any net
negative fiscal impacts on the City 's operating budget, debt capacity limits , or rating
implications).
6. A void Use of Financial Derivative Instruments -The Council intends to avoid using interest
rate derivatives or other financial derivatives when considering debt issuance.
7 . Maintain Reasonable Debt Ratios-The Council does not intend to issue debt that would
cause the City's debt ratio benchmarks to exceed moderate ranges as indicated by the
municipal bond rating industry .
8. Maintain High Level Bond Ratings-The Council intends to maintain the highest credit
rating feasible and to adhere to fiscally responsible practices when issuing debt.
9. Consistent Annual Debt Payments Preferred -The Council requests that the Administration
structure debt service payments in level amounts over the useful life of the financed
project(s) unless anticipated revenues dictate otherwise or the useful life of the financed
project(s) suggests a different maturity schedule.
10. Sustainable Debt Burden-The Council intends to combine pay-as-you-go strategy with
long-term financing to keep the debt burden sufficiently low to merit continued AAA general
obligation bond ratings and to provide sufficient available debt capacity in case of
emergency.
11. Lowest Cost Options-The City will seek the least costly financing available when evaluating
debt financing options .
12. Avoid Creating Structural Deficits-The City will minimize the use of one-time revenue to
fund programs/projects that require ongoing costs including debt repayments.
13. Aligning Debt and Project Timelines-Capital improvement projects financed through the
issuance of bonded debt will have a debt service that is not longer than the useful life of the
project.
Passed by the City Council of Salt Lake City, Utah, this -~3L.Lr_...d ___ day of
October , 2017.
ATTEST :
HB _A TTY -#64309 -v3-CIP _a nd _ Debt_ Management_Pol icies
SALT LAKE CITY COUNCIL
By 4 = ASL
CHAIRPERSON -=-::::::::____
Salt Lake City
App ed As To Form
By: ~~~~~~~.P
aysen Oldroyd
Da e: lt:>/-:z.../ 17
General Fund Class C Streets Impact Fee Parks Impact Fee FOF Streets FOF Other FOF Transit Q Cent General Fund Class C Streets Impact Fee Parks Impact Fee FOF Streets FOF Other FOF Transit Q Cent
Available Funds 7,300,000$ 3,500,000$ 5,248,024$ 15,534,954$ 1,010,000$ 1,100,000$ 990,000$ 7,500,000$ Available Funds 7,307,135$ 3,500,000$ 5,248,024$ 15,534,954$ 1,010,000$ 1,250,000$ 990,000$ 7,500,000$
Recommended Funds 7,284,921$ 3,500,000$ 240,000$ 2,728,850$ 1,000,000$ 1,100,000$ 990,000$ 7,500,000$ Recommended Funds 7,284,921$ 3,500,000$ 240,000$ 2,728,850$ 1,000,000$ 1,250,000$ 990,000$ 7,500,000$
Remaining Funds 15,079$ -$ 5,008,024$ 12,806,104$ 10,000$ -$ -$ -$ Remaining Funds 22,214$ -$ 5,008,024$ 12,806,104$ 10,000$ -$ -$ -$
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P2 (Tier I)Planning Library Plaza Structural Assessment and Visioning 104 $ 190,000 $ 190,000 $ - $ - $ - $ - $ - $ - $ - $ 190,000 $ 190,000 $ - $ - $ - $ - $ - $ - $ -
T4 New Safer Crossings: Main St., Glendale Park, and Citywide 103.3 $ 900,000 $ 270,000 $ - $ 90,000 $ - $ - $ - $ - $ 540,000 $ 900,000 $ 270,000 $ - $ 90,000 $ - $ - $ - $ - $ 540,000
C3 Constituent 200 East ADA and Sidewalk Improvements 103.1 $ 234,000 $ 234,000 $ - $ - $ - $ - $ - $ - $ - $ 234,000 $ 234,000 $ - $ - $ - $ - $ - $ - $ -
T6 New Transit Capital for Frequent Transit Routes / Operational Investments 101.9 $ 1,100,000 $ - $ - $ 110,000 $ - $ - $ - $ 990,000 $ - $ 1,100,000 $ - $ - $ 110,000 $ - $ - $ - $ 990,000 $ -
T1 Renewal Complete Streets Program: 2100 South, Virginia St., and Citywide 100.7 $ 3,293,000 $ - $ - $ - $ - $ - $ - $ - $ 3,293,000 $ 3,293,000 $ - $ - $ - $ - $ - $ - $ - $ 3,293,000
E3 Renewal Public Way Concrete 2023/2024 100 $ 750,000 $ - $ - $ - $ - $ 750,000 $ - $ - $ - $ 750,000 $ - $ - $ - $ - $ 750,000 $ - $ - $ -
T2 New Livable Streets Implementation 99.14 $ 1,350,000 $ 250,000 $ - $ - $ - $ - $ 1,100,000 $ - $ - $ 1,350,000 $ 250,000 $ - $ - $ - $ - $ 1,100,000 $ - $ -
T5 New Neighborhood Byways 98 $ 800,000 $ 440,000 $ - $ - $ - $ - $ - $ - $ 360,000 $ 800,000 $ 440,000 $ - $ - $ - $ - $ - $ - $ 360,000
E1 Renewal Complete Streets Reconstruction 2023/2024 97 $ 4,500,000 $ 2,250,000 $ 2,250,000 $ - $ - $ - $ - $ - $ - $ 4,500,000 $ 2,250,000 $ 2,250,000 $ - $ - $ - $ - $ - $ -
C23 Constituent Poplar Grove Park Full Court Basketball Expansion 96.86 $ 507,000 $ 253,500 $ - $ - $ 253,500 $ - $ - $ - $ - $ 507,000 $ 253,500 $ - $ - $ 253,500 $ - $ - $ - $ -
P1 (Tier I)New Cottonwood Park Trailhead and Parklet 95.57 $ 850,000 $ 202,000 $ - $ - $ 648,000 $ - $ - $ - $ - $ 850,000 $ 202,000 $ - $ - $ 648,000 $ - $ - $ - $ -
E2 Renewal Complete Streets Overlay 2023/2024 95.29 $ 1,250,000 $ - $ 1,250,000 $ - $ - $ - $ - $ - $ - $ 1,250,000 $ - $ 1,250,000 $ - $ - $ - $ - $ - $ -
T3 New Urban Trails: The Other Side Village & the 9-Line Trail 94 $ 1,700,000 $ - $ - $ - $ - $ - $ - $ - $ 1,700,000 $ 1,700,000 $ - $ - $ - $ - $ - $ - $ - $ 1,700,000
P3 (Tier I)Renewal Fire Station No. 7 Tennis and Pickleball Court Restoration and Amenities 92.57 $ 855,000 $ 438,850 $ - $ - $ 416,150 $ - $ - $ - $ - $ 855,000 $ 438,850 $ - $ - $ 416,150 $ - $ - $ - $ -
P6 (Tier II)New 337 Park Development 92.29 $ 550,000 $ - $ - $ - $ 550,000 $ - $ - $ - $ - $ 550,000 $ - $ - $ - $ 550,000 $ - $ - $ - $ -
C8 Constituent Jefferson Park Improvements 90.86 $ 530,000 $ - $ - $ - $ 530,000 $ - $ - $ - $ - $ 530,000 $ - $ - $ - $ 530,000 $ - $ - $ - $ -
P4 (Tier I)New Parks Bilingual Signage Installation 89.86 $ 414,000 $ 82,800 $ - $ - $ 331,200 $ - $ - $ - $ - $ 414,000 $ 82,800 $ - $ - $ 331,200 $ - $ - $ - $ -
C6 Constituent Fairpark Traffic Circle Construction Phase 89.57 $ 497,000 $ - $ - $ - $ - $ - $ - $ - $ 497,000 $ 497,000 $ - $ - $ - $ - $ - $ - $ - $ 497,000
E5 Renewal Alleyway Improvements 2023/2024 87 $ 250,000 $ - $ - $ - $ - $ 250,000 $ - $ - $ - $ 250,000 $ - $ - $ - $ - $ 250,000 $ - $ - $ -
F1 New Fire Station #1 Apparatus Bay Extension 86.57 $ 1,148,771 $ 648,771 $ - $ - $ - $ - $ - $ - $ - $ 500,000 $ 1,148,771 $ 648,771 $ - $ - $ - $ - $ - $ - $ - $ 500,000
FA1 Renewal Facilities Asset Renewal Plan FY24 85.57 $ 1,700,000 $ 1,700,000 $ - $ - $ - $ - $ - $ - $ - $ 1,700,000 $ 1,700,000 $ - $ - $ - $ - $ - $ - $ -
S1 New Mill and Overlay Maintenance Pilot Program 84 $ 750,000 $ - $ - $ - $ - $ - $ - $ - $ 750,000 $ 750,000 $ - $ - $ - $ - $ - $ - $ - $ 750,000
C21 Constituent Historic Restorations, Replacements, Conservation Work at International Peace Gardens 82.86 $ 325,000 $ 325,000 $ - $ - $ - $ - $ - $ - $ - $ 325,000 $ 325,000 $ - $ - $ - $ - $ - $ - $ -
T8 Renewal 75-Year-Old Traffic Signal Replacement 80.14 $ 400,000 $ - $ - $ 40,000 $ - $ - $ - $ - $ 360,000 $ 400,000 $ - $ - $ 40,000 $ - $ - $ - $ - $ 360,000
N/A N/A Westside Art N/A $ 150,000 $ - $ - $ - $ - $ 150,000 $ - $ -
TOTAL 24,843,771$ 7,284,921$ 3,500,000$ 240,000$ 2,728,850$ 1,000,000$ 1,100,000$ 990,000$ 7,500,000$ 500,000$ 24,993,771$ 7,284,921$ 3,500,000$ 240,000$ 2,728,850$ 1,000,000$ 1,250,000$ 990,000$ 7,500,000$ 500,000$
CDCIP Board Recommendations Mayor Recommendations
The remaining $22,214 in GF and $10,000 of FOF Streets was added to Cost Overrun
Westside Art project was added ($150,000 of FOF Other)
Mayor’s Recommended
Capital Improvement
Program Budget
FISCAL YEAR 2023-24
CIP SUMMARY DOCUMENTS Page:
FY 2023-24 PROJECTS OVERVIEW 1
FY 2023-24 CAPITAL PROJECTS SUMMARY 5
DEBT SERVICE CIP
DEBT SERVICE CIP 19
ONGOING COMMITMENTS FROM GENERAL FUND AND OTHER SOURCES 22
GENERAL FUND CAPITAL PROJECTS
Library Plaza Structural Assessment and Visioning 27
Safer Crossings: Main St., Glendale Park, and Citywide 28
200 East ADA and Sidewalk Improvements 29
Transit Capital for Frequent Transit Routes / Operational Investments 30
Complete Streets Program: 2100 South, Virginia St., and Citywide 31
Public Way Concrete 2023/2024 32
Livable Streets Implementation 33
Neighborhood Byways 34
Complete Streets Reconstruction 2023/2024 35
Poplar Grove Park Full Court Basketball Expansion 36
Cottonwood Park Trailhead and Parklet 37
Complete Streets Overlay 2023/2024 38
Urban Trails: The Other Side Village & the 9-Line Trail 39
Fire Station No. 7 Tennis and Pickleball Court Restoration and Amenities 40
337 Park Development 41
Jefferson Park Improvements 42
Parks Bilingual Signage Installation 43
Fairpark Traffic Circle Construction Phase 44
Alleyway Improvements 2023/2024 45
Fire Station #1 Apparatus Bay Extension 46
Facilities Asset Renewal Plan FY24 47
Mill and Overlay Maintenance Pilot Program 48
Historic Restorations, Replacements, Conservation Work at International Peace Gardens 49
75-Year-Old Traffic Signal Replacement 50
Westside Art 51
Cost Overrun 52
Percent for Art 53
ENTERPRISE FUND CAPITAL PROJECTS
AIRPORT CAPITAL PROJECTS
CUP Crossover Piping 58
Decommission R/W 14-32 & T/W Improvements (Design)59
Table of Contents
Replace Pumps in Glycol Pumps Stations 60
Taxiway F Reconstruction (G - F1) - (Construction)61
Taxiway U & V Proper (Design)62
Taxiway U & V Tunnel & Roadway Realignment 63
UPS Pump Station Replacement 64
Demo Row 21 - Apron & Taxiway Reconstruction 65
SVRA Hangar Site Development - Phase I 66
TVY Water & Sewer Improvements 67
Electrical Vehicle Charging Stations FY24 68
S Employee Parking Lot Development Program / Surplus Canal Relocation (Design)69
S Employee Parking Lot Development Program / Surplus Canal Relocation (Construction)70
AOC Backup Generator 71
Demo FAA FMP and Construct New Roadway 72
NS1 & NS4 Switch Gear & Capacitor 73
NWS Replacement Controls 74
GOLF CAPITAL PROJECTS
Tee Box Leveling 76
Pump Replacement 77
Maintenance Equipment 78
Parking Lot Resurfacing 79
Property Fencing Project 80
New Construction Projects 81
Irrigation Improvements 82
Cart Path Improvements 83
PUBLIC UTILITIES CAPITAL PROJECTS
Water Main Replacements 86
Treatment Plant Improvements 87
Deep Pump Wells 88
Meter Change-Out Program 89
Water Service Connections 90
Storage Reservoirs 91
Pumping Plants & Pump Houses 92
Culverts, Flumes & Bridges 93
Distribution Reservoirs (Tanks)94
Maintenance & Repair Shops (Water Utility)95
Treatment Plants 96
Collection Lines 97
Lift Stations 98
Maintenance & Repair Shops (Sewer Utility)99
Storm Drain Lines 100
Riparian Corridor Improvements 101
Landscaping 102
Table of Contents
Storm Water Lift Stations 103
Detention Basins 104
Street Lighting Projects 105
REDEVELOPMENT AGENCY CAPITAL PROJECTS
City Creek Daylighting 108
Table of Contents
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CIP Summary
Documents
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CAPITAL IMPROVEMENT PROGRAM
Introduction and Overview
Salt Lake City’s Capital Improvement Program (CIP) is a multi-year planning program of capital expenditures needed
to replace or expand the City’s public infrastructure. The principal element that guides the City in determining the
annual infrastructure improvements and budgets schedule is the current fiscal year capital budget.
The City CIP Budget Process includes a review by the Community Development & Capital Improvement Program
(CDCIP) Board, consisting of community residents from each district. The CDCIP Board scores projects on a variety
of criteria and provides funding recommendations to the Mayor.
The Mayor considers the CDCIP recommendations as the Administration prepares its funding recommendations for
the City Council as part of the Annual Recommended Budget. The City Council reviews the recommendations of the
Mayor and the CDCIP Board and carefully analyzes each of the proposed projects before allocating funding and
adopting the final CIP budget. The details of the recommended FY2023-24 CIP Budget are included in this book.
In considering major capital projects, the City looks at the potential operating impact of each project. New capital
improvements often entail ongoing expenses for routine operations. Upon completion or acquisition, the repair and
maintenance of new facilities often require additional positions to maintain the new infrastructure. Conversely, a
positive contribution, such as a reduction in ongoing repairs and maintenance of a capital project, is factored into
the decision-making process.
Each project includes a section for estimated future maintenance and/or operations expenses, where the
departments have included projections of any increases to future operating costs.
The City also reviews all CIP projects to determine the progress. All projects older than three years that do not show
significant progress are then considered for recapture, allowing those funds to be used on more shovel-ready
projects. The Administration continuously evaluates the City’s funding of its Capital Improvement Program. Because
the proceeds from debt financing are considered a source for funding the City’s capital improvement projects, the
City analyzes the effect that issuance of additional debt would have on its debt capacity and current debt ratio.
Salt Lake City Resolution No. 29 of 2017 / Salt Lake City Council Capital and Debt Management
Policies
Resolution No. 29 of 2017 provides the framework for project funding recommendations. Its guidance helps clarify
the expectations of the City’s Capital Improvement Program and the steps the Administration should take in
determining how to best address the City’s deferred and long-term maintenance needs.
Some of the policies guiding the CDCIP Board and the Administration include:
–A definition of a capital improvement as having a useful life of five or more years and cannot have a
recurring capital outlay such as a motor vehicle or a fire engine. It also clarifies that a capital outlay does not
include maintenance expenses such as fixing a leaking roof or painting park benches.
–A capital improvement must be a City asset and have a cost of $50,000 or more, with few exceptions.
–Salt Lake City aims to maintain its physical assets at a level adequate to protect its capital investments and
minimize maintenance and replacement costs.
–Priorities are given to projects that preserve and protect the health and safety of the community; are
mandated by the state and/or federal government; and provide for the renovation of existing facilities
resulting in the preservation of the community’s prior investment.
–The recapture of Capital Improvement Program funds during the first budget amendment of each year if an
existing balance remains on a completed project.
–Debt Service (excluding G.O. Bonding).
Salt Lake City CIP Summary Documents
1 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
FY 2023-24 Capital Improvement Allocations
Salt Lake City’s FY2023-24 adopted CIP budget appropriates $545,012,942 for CIP, utilizing General Funds, Class “C”
Funds, Impact Fee Funds, Quarter Cent Tax Funds, Redevelopment Agency Funds, Enterprise Funds, and other
public and private funds.
The City’s General Fund accounts for all debt service on outstanding Sales and Excise Tax Revenue bonds through a
payment from the City CIP contribution, except for the Eccles Theater project. The Library Fund covers the Local
Building Authority Lease Revenue bonds for Glendale and Marmalade Libraries while debt associated with the
construction of two fire stations is funded through CIP. Motor Fuel Excise Tax Revenue bonds are funded through
the City’s Class C Road fund. Funds to pay debt service, equaling $11,482,326, are included in the adopted annual
budget.
Outstanding Sales and Excise Tax Revenue bonds financed a variety of the City’s capital improvement projects.
Motor Fuel Excise Tax Revenue bonds funded the reconstruction of Class C roads throughout the City.
A total of $10,274,000 was recommended for Transportation projects. Of this amount, the budget appropriates
$1,194,000 of General Funds, $240,000 of Impact Fee funds, $2,090,000 of Funding our Future funds, and
$6,750,000 in ¼ Cent Tax funding. Programs funded include Safer Crossings, Sidewalk Improvements, Frequent
Transit Routes, Complete Streets, Livable Streets, Neighborhood Byways, Urban Trails, Traffic Circle Construction,
and Traffic Signal Replacement.
The recommended budget for Parks, Trails, and Open Space capital improvement projects includes a total
appropriation of $4,221,000 from the General Fund and Parks Impact Fee funds. Projects funded include Library
Plaza Structural Assessment and Visioning, Park Development and Improvements, Bilingual Signage Installation, and
Park Restoration and Conservation.
Public Services capital improvement recommended budget includes a total appropriation of $10,348,771. Of this
amount, the budget appropriates $4,598,771 from the General Fund, $3,500,000 of Class C funding, $1,000,000 of
Funding our Future funds, $750,000 in ¼ Cent Tax funding, and $500,000 of CIP funding. Programs funded include
Public Way Concrete, Complete Streets Reconstruction and Overlay, Alleyway Improvements, Mill and Overlay
Maintenance Pilot, and the Facilities Asset Renewal Plan. An apparatus bay extension project was also funded for
Fire Station #1.
A total of $150,000 was also recommended for a Westside Art Project from Funding our Future funds.
Capital Projects
The CIP pages include details for each recommended project for the FY2023-24 Budget. These pages provide a
breakout of the funding recommendations and future costs associated with each project. The total for capital
projects in the FY2023-24 budget is $24,993,771.
Enterprise Fund Projects
The City’s enterprise functions; Airport, Water, Sewer, Storm Water, Redevelopment, Refuse Collection and Golf –
are by nature, very capital intensive. The budgets for these activities reflect the need to maintain the integrity and
capacity of the current capital infrastructure and its functionality.
Airport Fund – The Department of Airports is an enterprise fund of Salt Lake City Corporation and does not receive
any general fund revenues to support the operation of the City’s system of airports. The Department of Airports (the
Airport) has 639 employee budgeted positions and is responsible for managing, developing, and promoting airports
that provide quality transportation facilities and services, and a convenient travel experience.
The Fiscal Year 2024 budget continues to see growth in enplanements, revenues, as well as expenditures. The Salt
Lake City International Airport (SLCIA) continues to benefit from the American Rescue Plan Act (ARPA) as well as the
Bipartisan Infrastructure Law (BIL) grants awarded for FY2024. The Airport will use the remaining funds in the ARPA
Salt Lake City CIP Summary Documents
2 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
grants which will help offset operating and maintenance expenses that will lower the landing fee and terminal rents
charged in FY24 as well as make up for lost revenues. The BIL grants will continue to provide much needed and
critical funding for airport capital infrastructure projects that are moving from design into actual construction. The
Airport will be bringing on 22 gates located on South Concourse East (SCE) in October 2024 which brings additional
staffing and maintenance staff requirements while seeing a significant reduction in the hardstand operations.
The developed FY24 budget continues to provide positive financial benefits with increased passengers and revenues
that help offset increased operating expenses. The Airport will continue to fund important capital projects. These
projects include the Terminal Redevelopment Program (TRP) and the North Concourse Program (NCP), which
together are called the New SLC. In addition, critical projects found in the airfield, terminal, and auxiliary airports
will continue to be funded to ensure that all Airport’s owned facilities keep up with critical infrastructure to support
the growth we are currently experiencing as well as the growth we are projecting into future years.
Public Utilities Funds – Salt Lake City Department of Public Utilities (SLCDPU) has four distinct utilities: water,
sewer, storm water, and street lighting. Each utility is operated as a separate enterprise fund. Tax money is not
used to fund these services. Funding for SLCDPU capital expenditures comes from user fees, fund reserves, revenue
bonds, and occasionally a grant or state/federal government subsidized loan. The department is utilizing a Water
Infrastructure Financing Innovation Act (WIFIA) loan to finance a portion of the water reclamation facility
construction. Customers pay for the services they receive through utility rates that have been established for each
fund. The rates were developed on a cost of service basis. Our utilities are infrastructure intensive and
administration of these assets requires long term project and financial planning.
The SLCDPU capital budget is shown by fund with subcategory cost centers under each. In fiscal year 2024, the
department has over 95 capital projects between the four funds as well as continuing work on existing projects.
Many of the capital projects in Public Utilities cover multiple fiscal years. It is common for projects to be designed in
one year and constructed in subsequent years. The budget includes projects rated as a high priority in the
Department’s Capital Asset Program (CAP). The replacement of the water reclamation facility is the largest project
undertaken by SLCDPU. Other elements of our systems are also experiencing aging problems and will require
increasing attention in the future. For example, our three water treatment plants were built in the 1950’s and early
60’s. Planning is underway for each of the three plants to determine the best approaches for their replacement. A
unique aspect of capital projects in SLCDPU is that Federal, State, and local regulations affect many of our priorities.
Adding to the complexity are water rights and exchange agreement obligations.
RDA Funds – The Redevelopment Agency of Salt Lake City (RDA) strengthens neighborhoods and commercial
districts to improve livability, create economic opportunity and foster authentic, equitable communities. The RDA
utilizes a powerful set of financial and planning tools to support strategic development projects that enhance the
City’s housing opportunities, commercial vitality, public spaces, and environmental sustainability. The RDA’s primary
source of funds for the projects include property tax increment and program income revenue, depending on the
specific budget account.
The RDA often participates with Salt Lake City in the redevelopment or construction of city owned infrastructure
projects. As part of the RDA Budget Policy, Capital Projects are defined as any project that anticipates multi-year
funding. The allocation of funds for these projects is part of the budget approval process and is typically contingent
on the RDA Board authorizing appropriation once the specific project costs and details are known. Depending on
the project, the timeline for this process may not follow the City’s CIP schedule or requirements for approval.
The RDA fiscal year 2024 budget process proposes one potential City infrastructure project. The City Creek
daylighting design plan explores bringing a portion of City Creek that currently runs in a culvert underground up to
the surface just north of the Folsom Trail from 800 West to 1000 West. The project goals include increasing access
to nature, improving water quality and mitigating surface flooding. This $50,000 funding request will produce final
construction drawings which will be used for project implementation. Landscaping improvements and other
pedestrian amenities will also be recommended as a part of the design plan to activate the trail and create a
welcoming centerpiece for the westside community. The total cost for implementation is estimated to be between
$15,000,000 and $20,000,000.
Salt Lake City CIP Summary Documents
3 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Sustainability Fund - Sustainability operations enable continuing compliance with federal, state, and local
regulations related to landfill gas collection, closing portions of the landfill, and constructing a new landfill cell within
the permitted footprint included in the master plan. Sustainability proposed no projects for FY 2023-24.
Golf Fund - The Golf Division operates seven full-service golf courses at six Salt Lake City locations providing quality
recreational experiences at a competitive price for Salt Lake City residents and visitors from surrounding cities and
various out of state locations. Golf Course Capital Projects are funded, primarily, from excess revenue generated by
user fees. Over the past several years, expenses have outpaced revenues and have limited Golf’s ability to self-fund
most if not all non-emergency Capital Projects. In 2012, a Golf CIP Fund was established that allocates $1 per every 9
holes played and 9% from all annual pass sales toward building funds that can be used exclusively for Capital
Projects. Until FY 2019, these funds had not been released for use as the fund balance was needed to provide a
fund balance offset against a fund deficit. As part of the FY22 budget proposal, the Golf Division implemented a Golf
CIP Fee increase from $1 to $2 per every 9 holes played, beginning in January 2022, in order to bring more capital
into the Golf CIP Fund to increase funding from this source for additional future projects.
The Golf Division has produced excess revenue over the past 3 years and is able to begin re-investing funds into
long-overdue projects.
The Golf Division has budgeted $6,610,220 for Capital Improvement Projects in FY24. The Golf Division is
undertaking a four-year project to improve tee box hitting surfaces by re-leveling and re-sodding many of the tee
box areas at each course and have allocated $60,000 in FY24 from the Golf CIP Fund. The Golf Division is
undertaking a multi-year project to repair existing cart paths and construct some new carts paths and has allocated
$525,000 for FY24. Other significant projects include new parking lot resurfacing at the Mountain Dell and driving
range hitting facility at Glendale golf course.
As part of a multi-year plan to upgrade vital maintenance equipment at all courses, the Golf Division will be using
$424,263 in FY24 to purchase additional equipment.
Salt Lake City CIP Summary Documents
4 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
De
b
t
S
e
r
v
i
c
e
Debt Service Projects
Sales Tax Series 2013B Bond $ 362,950 $ 362,950
Sales Tax Series 2014B Bond $ 747,025 $ 747,025
Sales Tax Series 2016A Bond $ 2,003,973 $ 2,003,973
Sales Tax Series 2019A Bond $ 358,575 $ 358,575
Sales Tax Series 2022B Bond $ 1,999,625 $ 1,999,625
Sales Tax Series 2022C Bond $ 3,088,875 $ 3,088,875
B & C Roads Series 2014 $ 979,503 $ 979,503
ESCO Debt Service to Bond $ 761,000 $ 761,000
Fire Station #3 $ 679,400 $ 679,400
Fire Station #14 $ 501,400 $ 501,400
Debt Service Projects Total $ 10,301,526 $ — $ — $ — $ — $ 1,180,800 $ 11,482,326
On
g
o
i
n
g
Ongoing Projects
Crime Lab $ 600,000 $ 600,000
Facilities Maintenance $ 350,000 $ 350,000
Trail Maintenance $ 200,000 $ 200,000
Public Lands Maintenance $ 250,000 $ 250,000
Ongoing Projects Total $ 1,200,000 $ — $ — $ — $ 200,000 $ — $ 1,400,000
Ot
h
e
r
O
n
g
o
i
n
g
Other Ongoing
Community and Neighborhoods - Surplus Land RES
$ 700,000 $ 700,000
Public Services- Smiths Ballfield $ 150,000 $ 150,000
Public Services- ESCO County Steiner
$ 150,500 $ 150,500
Public Services - Memorial House $ 50,000 $ 50,000
Other Ongoing $ 700,000 $ — $ — $ — $ — $ 350,500 $ 1,050,500
Salt Lake City
General Fund / Class C / Impact Fee / Enterprise Fund / Other CIP Summary
Fiscal Year 2024
PROJECT GF GF FOF CLASS C IMPACT FEES ¼¢ SALES TAX OTHER TOTAL
Salt Lake City CIP Summary Documents
5 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Ne
w
C
I
P
New/Maintenance Projects Total
Library Plaza Structural Assessment and Visioning
$ 190,000 $ 190,000
Safer Crossings: Main St., Glendale Park, and Citywide
$ 270,000 $ 90,000 $ 540,000 $ 900,000
200 East ADA and Sidewalk Improvements
$ 234,000 $ 234,000
Transit Capital for Frequent Transit Routes / Operational Investments
$ 990,000 $ 110,000 $ 1,100,000
Complete Streets Program: 2100 South, Virginia St., and Citywide
$ 3,293,000 $ 3,293,000
Public Way Concrete 2023/2024
$ 750,000 $ 750,000
Livable Streets Implementation $ 250,000 $ 1,100,000 $ 1,350,000
Neighborhood Byways $ 440,000 $ 360,000 $ 800,000
Complete Streets Reconstruction 2023/2024
$ 2,250,000 $ 2,250,000 $ 4,500,000
Poplar Grove Park Full Court Basketball Expansion
$ 253,500 $ 253,500 $ 507,000
Cottonwood Park Trailhead and Parklet
$ 202,000 $ 648,000 $ 850,000
Complete Streets Overlay 2023/2024
$ 1,250,000 $ 1,250,000
Urban Trails: The Other Side Village & the 9-Line Trail
$ 1,700,000 $ 1,700,000
Fire Station No. 7 Tennis and Pickleball Court Restoration and Amenities
$ 438,850 $ 416,150 $ 855,000
Salt Lake City
General Fund / Class C / Impact Fee / Enterprise Fund / Other CIP Summary
Fiscal Year 2024
PROJECT GF GF FOF CLASS C IMPACT FEES ¼¢ SALES TAX OTHER TOTAL
Salt Lake City CIP Summary Documents
6 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Ne
w
C
I
P
(
C
o
n
t
i
n
u
e
d
)
337 Park Development $ 550,000 $ 550,000
Jefferson Park Improvements $ 530,000 $ 530,000
Parks Bilingual Signage Installation
$ 82,800 $ 331,200 $ 414,000
Fairpark Traffic Circle Construction Phase
$ 497,000 $ 497,000
Alleyway Improvements 2023/2024
$ 250,000 $ 250,000
Fire Station #1 Apparatus Bay Extension
$ 648,771 $ 500,000 $ 1,148,771
Facilities Asset Renewal Plan FY24
$ 1,700,000 $ 1,700,000
Mill and Overlay Maintenance Pilot Program
$ 750,000 $ 750,000
Historic Restorations, Replacements, Conservation Work at International Peace Gardens
$ 325,000 $ 325,000
75-Year-Old Traffic Signal Replacement
$ 40,000 $ 360,000 $ 400,000
Westside Art $ 150,000 $ 150,000
New Projects Total $ 7,284,921 $ 3,240,000 $ 3,500,000 $ 2,968,850 $ 7,500,000 $ 500,000 $ 24,993,771
Cost Overrun $ 22,214 $ 225,357 $ 247,571
Percent for Art $ 161,518 $ 161,518
Total General Fund/Other Fund/Class C Fund/Impact Fee Fund/Surplus Land Fund CIP Projects
$ 19,508,661 $ 3,626,875 $ 3,500,000 $ 2,968,850 $ 7,700,000 $ 2,031,300 $ 39,335,686
Salt Lake City
General Fund / Class C / Impact Fee / Enterprise Fund / Other CIP Summary
Fiscal Year 2024
PROJECT GF GF FOF CLASS C IMPACT FEES ¼¢ SALES TAX OTHER TOTAL
Salt Lake City CIP Summary Documents
7 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Ai
r
p
o
r
t
Airport CIP Projects
CUP Crossover Piping $ 505,000 $ 505,000
Decommission R/W 14-32 & T/W Improvements (Design)
$ 405,000 $ 405,000
Replace Pumps in Glycol Pumps Stations
$ 967,000 $ 967,000
Taxiway F Reconstruction (G - F1) - (Construction)
$ 9,400,000 $ 9,400,000
Taxiway U & V Proper (Design)$ 4,725,000 $ 4,725,000
Taxiway U & V Tunnel & Roadway Realignment
$ 78,651,000 $ 78,651,000
UPS Pump Station Replacement $ 1,483,000 $ 1,483,000
Demo Row 21 - Apron & Taxiway Reconstruction
$ 1,613,000 $ 1,613,000
SVRA Hangar Site Development - Phase I
$ 2,721,000 $ 2,721,000
TVY Water & Sewer Improvements
$ 9,046,000 $ 9,046,000
Electrical Vehicle Charging Stations FY24
$ 1,068,000 $ 1,068,000
S Employee Parking Lot Development Program / Surplus Canal Relocation (Design)
$ 1,559,000 $ 1,559,000
S Employee Parking Lot Development Program / Surplus Canal Relocation (Construction)
$ 60,808,000 $ 60,808,000
AOC Backup Generator $ 311,000 $ 311,000
Salt Lake City
General Fund / Class C / Impact Fee / Enterprise Fund / Other CIP Summary
Fiscal Year 2024
PROJECT GF GF FOF CLASS C IMPACT FEES ¼¢ SALES TAX OTHER TOTAL
Salt Lake City CIP Summary Documents
8 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Ai
r
p
o
r
t
(
C
o
n
t
i
n
u
e
d
)
Demo FAA FMP and Construct New Roadway
$ 1,044,000 $ 1,044,000
NS1 & NS4 Switch Gear & Capacitor $ 1,063,000 $ 1,063,000
NWS Replacement Controls
$ 624,000 $ 624,000
Total Airport CIP Projects $ — $ — $ — $ — $ — $ 175,993,000 $ 175,993,000
Go
l
f
Golf CIP Projects
Tee Box Leveling $ 60,000 $ 60,000
Pump Replacement $ 20,000 $ 20,000
Maintenance Equipment $ 424,263 $ 424,263
Parking Lot Resurfacing $ 250,000 $ 250,000
Property Fencing Project $ 55,220 $ 55,220
New Construction Projects $ 1,300,000 $ 1,300,000
Irrigation Improvements $ 4,400,000 $ 4,400,000
Cart Path Improvements $ 525,000 $ 525,000
Total Golf CIP Projects $ — $ — $ — $ — $ — $ 7,034,483 $ 7,034,483
Salt Lake City
General Fund / Class C / Impact Fee / Enterprise Fund / Other CIP Summary
Fiscal Year 2024
PROJECT GF GF FOF CLASS C IMPACT FEES ¼¢ SALES TAX OTHER TOTAL
Salt Lake City CIP Summary Documents
9 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Pu
b
l
i
c
U
t
i
l
i
t
i
e
s
Public Utilities CIP Projects
Water Main Replacements $ 14,620,000 $ 14,620,000
Treatment Plant Improvements $ 38,340,000 $ 38,340,000
Deep Pump Wells $ 100,000 $ 100,000
Meter Change-Out Program $ 2,500,000 $ 2,500,000
Water Service Connections $ 3,450,000 $ 3,450,000
Storage Reservoirs $ 6,690,000 $ 6,690,000
Pumping Plants & Pump Houses $ 900,000 $ 900,000
Culverts, Flumes & Bridges $ 4,200,000 $ 4,200,000
Distribution Reservoirs (Tanks)$ 2,300,000 $ 2,300,000
Maintenance & Repair Shops (Water Utility)
$ 400,000 $ 400,000
Treatment Plants $ 212,259,773 $ 212,259,773
Collection Lines $ 23,955,000 $ 23,955,000
Lift Stations $ 2,750,000 $ 2,750,000
Maintenance & Repair Shops (Sewer Utility)
$ 350,000 $ 350,000
Storm Drain Lines $ 6,230,000 $ 6,230,000
Riparian Corridor Improvements $ 250,000 $ 250,000
Landscaping $ 50,000 $ 50,000
Storm Water Lift Stations $ 650,000 $ 650,000
Detention Basins $ 365,000 $ 365,000
Street Lighting Projects $ 2,240,000 $ 2,240,000
Total Public Utilities CIP Projects
$—$—$—$—$—$322,599,773 $322,599,773
RD
A
Redevelopment Agency (RDA) CIP Projects
City Creek Daylighting $ 50,000 $ 50,000
Total RDA CIP Projects $ — $ — $ — $ — $ — $ 50,000 $ 50,000
Salt Lake City
General Fund / Class C / Impact Fee / Enterprise Fund / Other CIP Summary
Fiscal Year 2024
PROJECT GF GF FOF CLASS C IMPACT FEES ¼¢ SALES TAX OTHER TOTAL
Salt Lake City CIP Summary Documents
10 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Su
s
t
a
i
n
a
b
i
l
i
t
y
Sustainability CIP Projects
No Projects $ —
Total Sustainability CIP Projects
$ — $ — $ — $ — $ — $ — $ —
Total Enterprise and Other Fund CIP
$ 505,677,256 $ 505,677,256
GRAND TOTAL $ 19,508,661 $ 3,626,875 $ 3,500,000 $ 2,968,850 $ 7,700,000 $ 507,708,556 $ 545,012,942
Salt Lake City
General Fund / Class C / Impact Fee / Enterprise Fund / Other CIP Summary
Fiscal Year 2024
PROJECT GF GF FOF CLASS C IMPACT FEES ¼¢ SALES TAX OTHER TOTAL
Salt Lake City CIP Summary Documents
11 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Salt Lake City
Impact Fee Summary
Fiscal Year 2024
PROJECT Street Impact Fees Parks Impact Fees TOTAL
Impact Fee Projects
Im
p
a
c
t
F
e
e
s
Safer Crossings: Main St., Glendale Park, and Citywide $ 90,000 $ — $ 90,000
Transit Capital for Frequent Transit Routes / Operational Investments $ 110,000 $ — $ 110,000
Poplar Grove Park Full Court Basketball Expansion $ — $ 253,500 $ 253,500
Cottonwood Park Trailhead and Parklet $ — $ 648,000 $ 648,000
Fire Station No. 7 Tennis and Pickleball Court Restoration and Amenities $ — $ 416,150 $ 416,150
337 Park Development $ — $ 550,000 $ 550,000
Jefferson Park Improvements $ — $ 530,000 $ 530,000
Parks Bilingual Signage Installation $ — $ 331,200 $ 331,200
75-Year-Old Traffic Signal Replacement $ 40,000 $ — $ 40,000
Total Impact Fee by Type $ 240,000 $ 2,728,850 $ 2,968,850
Salt Lake City CIP Summary Documents
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Salt Lake City Unfunded Projects Fiscal Year 2024
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Public Lands Jordan Park and Peace Gardens Cultural Landscape Report and Master Plan
1060 S 900 W, Salt Lake City, UT 84104 $ 200,000 $ — $ 200,000
Constituent Three Creeks West - Roadways Addendum
948 W 1300 South to 1106 W 1300 South; and 1225 S 1000 West to 948 W 1300 South, SLC UT 84104
$ 850,000 $ — $ 850,000
Public Lands Rose Park and Jordan River Recreation Hub (Other Funds - $225,000 Parks Impact Fees)
Roots Disc Golf Course - 1250 North Redwood Road, Salt Lake City, Utah 84116Rose Park Golf Course Driving Range - 1386 North Redwood Road Salt Lake City, Utah 84116
$ 270,000 $ 225,000 $ 495,000
Constituent Citywide Park Restroom Planning Study/Fairmont Restroom Conceptual Design Citywide $ 75,000 $ — $ 75,000
Constituent Madsen Park Improvements (Other Funds - $300,000 Parks Impact Fees)
1000 W and South Temple St, Salt Lake City, 84116 $ 200,000 $ 300,000 $ 500,000
Constituent
Rose Park Lane Beautification, Trail, and Safety Improvements (Other Funds - $294,000 Parks Impact Fees)
2100 N Exit off I-215 to Rose Park Ln and 1700 N intersection, Salt Lake City UT 84116
$ 546,000 $ 294,000 $ 840,000
Public Lands Richmond Park Community Playground (Other Funds - $212,000 Parks Impact Fees)
444 E 600 S, Salt Lake City, UT 84111 $ 318,000 $ 212,000 $ 530,000
Public Lands Rose Park Lane Open Space and Trail Connection Study
1954 N Rose Park Lane, Salt Lake City, UT 841161944 N Rose Park Lane, Salt Lake City, UT 841161932 N Rose Park Lane, Salt Lake City, UT 841161902 N Rose Park Lane, Salt Lake City, UT 84116
$ 140,000 $ — $ 140,000
Constituent North Temple Arts and Tourism District Improvements 100 South 800 West SLC, Utah 84104 $ 495,111 $ — $ 495,111
Constituent Sugar House Safe Side Streets Part 2
The local, neighborhood streets within the area bounded by 900 East on the west, 1100 East on the east, 2100 South on the south, and Garfield Avenue on the north.
$ 150,000 $ — $ 150,000
Constituent Fred and Ila Rose Wetland Preserve Improvements 950 S 1100 W, SLC, Utah, 84104 $ 361,073 $ — $ 361,073
Public Lands Park Strip, Median, Park Irrigation/Water Reduction Strategy and Implementation Citywide $ 500,000 $ — $ 500,000
Constituent Liberty and Jordan Parks Greenhouses - Revisioned
600 E 1300 S, Salt Lake City, UT 841051060 S 900 W, Salt Lake City, UT 84104
$ 242,823 $ — $ 242,823
Constituent First Encampment Park 1704 S 500 E, Salt Lake City, UT 84105 $ 125,500 $ — $ 125,500
Organization Name Proposal Title Project Address Location General Funds Other Funds Total
Salt Lake City CIP Summary Documents
13 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
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Constituent Indiana Avenue Area - Transit & Trail Connections
The approximate mid-point of the proposed trail between the Other Side Village and the new transit hub at 500 S and Orange Street. Proposed Redwood Road signalized crossing: 1040 South Redwood Road, Salt Lake City, UT 84104
$ 162,500 $ — $ 162,500
Transportation Multimodal Capital Maintenance (Other Funds - $200,000 FOF Other)Citywide $ — $ 200,000 $ 200,000
Engineering 700 South (Phase 7, 4600 West to 5000 West) Additional Funding
700 South Street from 4600 West to 5000 West, Salt Lake City, UT 84104 $ 4,000,000 $ — $ 4,000,000
Constituent 800 S 1000 E Crosswalk Upgrade 800 South 1000 East Salt Lake City, Utah 84102 $ 336,500 $ — $ 336,500
Constituent Central 9th Streetscape Improvements
200 West between 800 S and the 900 S freeway off-ramp and 900 South between West Temple and 200 W in Salt Lake City, Utah 84101
$ 85,000 $ — $ 85,000
Constituent Sugar House Community Map Project Multiple locations throughout the Sugar House area $ 93,400 $ — $ 93,400
Facilities Phase I: Plaza 349 Life Safety, Security, and HVAC Upgrades 349 S 200 E, Salt Lake City, Utah, 84111 $ 2,000,000 $ — $ 2,000,000
Constituent Implementation of Safety Enhancements West Side Foothill Drive
Foothill Drive, Salt Lake City, UT 84108 and1. Blaine Avenue and 2500 East2. 2600 East3. Bryan Avenue4. Westminster Avenue5. Possible modifications at Laurelhurst
$ 494,126 $ — $ 494,126
Constituent Reimagining 4th & 4th (4th West & 4th South)
400 N 400 W Intersection and Corridors, Salt Lake City, UT 84103 $ 100,000 $ — $ 100,000
Public Lands 11th Ave Park Pavilion, Trees, and Benches (Other Funds - $533,165 Parks Impact Fees)
581 Terrace Hills Dr., Salt Lake City, UT 84103 $ — $ 533,165 $ 533,165
Constituent
New Liberty Park Crosswalks and Trails (Other Funds - $13,000 Street Impact Fees, $131,000 Parks Impact Fees)
1216 S 500 E, Salt Lake City, 84105978 S 500 E, Salt Lake City, 84105(Southeast and southwest corners of Edith Ave and Williams Ave @ 500 East)
$ 118,000 $ 144,000 $ 262,000
Transportation
Sunnyside and Arapeen Signal & Safety Improvements (Other Funds - $45,000 Street Impact Fees, $405,000 Qcent Tax)
2240 East Sunnyside Ave., Salt Lake City UT 84108 $ — $ 450,000 $ 450,000
Constituent Wasatch Hollow Park: Engagement, Planning & Restoration
1631 E 1700 S, Salt Lake City, UT 84105 $ 500,000 $ — $ 500,000
Constituent Hansen Ave - West Entrance/Exit 400 West Hansen Ave, Salt Lake City, Utah 84115 $ 470,703 $ — $ 470,703
Constituent Nevada Street Reconstruction Nevada Street from Redondo North to Garfield, Salt Lake City, Utah, 84108 $ 479,000 $ — $ 479,000
Organization Name Proposal Title Project Address Location General Funds Other Funds Total
Salt Lake City CIP Summary Documents
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Constituent Sunnyside Pickleball Courts (Other Funds - $500,000 Parks Impact Fees)
1800 E. Sunnyside Drive, Salt Lake City, UT 84108 $ — $ 500,000 $ 500,000
Constituent 1200 E Curb/Gutter/Sidewalk 1200 E Zenith Ave. Salt Lake City, Ut 84106 $ 351,000 $ — $ 351,000
Constituent Salt Lake City Pétanque (Other Funds - $500,000 Parks Impact Fees)
Rosewood Park, 1400 N 1200 W, Salt Lake City, UT 84116 $ — $ 500,000 $ 500,000
Constituent Ensign Peak Nature Park Improvements 163 E Ensign Vista Drive, Salt Lake City, UT 84103 $ 210,000 $ — $ 210,000
Constituent 11th Avenue Park Pickleball Expansion (Other Funds - $502,500 Parks Impact Fees)
584 Terrace Hills Drive, Salt Lake City UT 84103 $ — $ 502,500 $ 502,500
Total Unfunded CIP Projects $ 13,873,736 $ 3,860,665 $ 17,734,401
Organization Name Proposal Title Project Address Location General Funds Other Funds Total
Salt Lake City CIP Summary Documents
15 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
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Debit Service
Capital Improvement
Program
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Sales and Excise Tax Revenue Bonds, Series 2013B
2024 Budget Type of Debt Origination Date Final Payment Funding Source
$362,950 Sales Tax Revenue Bonds November 2013 October 1, 2023 General Fund
Sales and Excise Tax Revenue Bonds, Series 2013B, were issued in November 2013 for the purpose of financing a
portion of the costs of the Sugarhouse Streetcar and to pay for a portion of various improvements to create a
“greenway” within the corridor. The total par amount of bonds issued was $7,315,000.
A portion of the Series 2013B Bonds were refunded with the series 2021 Bonds. As of June 30, 2023, $355,000 in
principal remains outstanding.
Principal is due annually on October 1. Interest is due on October 1. The bonds mature on October 1, 2023.
Sales and Excise Tax Revenue Bonds, Series 2014B
2024 Budget Type of Debt Origination Date Final Payment Funding Source
$747,025 Sales Tax Revenue Bonds September 2014 October 1, 2034 General Fund
Sales and Excise Tax Revenue Bonds, Series 2014B, were issued in September 2014 for the purpose of acquiring,
constructing, remodeling, and improving of various City buildings, parks, property, and roads.
The Series 2014B bonds were issued with a par amount of $10,935,000. As of June 30, 2023, $7,460,000 in principal
remains outstanding.
Principal is due annually on October 1. Interest is due semi-annually on April 1 and October 1. The bonds mature
on October 1, 2034.
Sales and Excise Tax Revenue Refunding Bonds, Series 2016A
2024 Budget Type of Debt Origination Date Final Payment Funding Source
$2,003,973 Sales Tax Revenue Bonds June 2016 October 1, 2028 General Fund
Sales and Excise Tax Revenue Refunding Bonds, Series 2016A, were issued in June 2016 to refund a portion of the
Series 2009A Bonds. The Series 2009A Bonds were originally issued to finance all or a portion of the acquisition,
construction, improvement and remodel of the new Public Services maintenance facility, a building for use as City
offices and other capital improvements within the City.
Fleet contributes 13.9%, Refuse contributes 13%, and the general fund contributes 73.1% of the debt service on the
Maintenance Facility Program portion of the bonds.
The Series 2016A bonds were issued with a par amount of $21,715,000. As of June 30, 2023, $13,880,000 in principal
remains outstanding.
Principal is due annually on October 1. Interest is due semi-annually on April 1 and October 1. The bonds mature
on October 1, 2028.
Sales and Excise Tax Revenue Refunding Bonds, Series 2019A
2024 Budget Type of Debt Origination Date Final Payment Funding Source
$358,575 Sales Tax Revenue Bonds December 2019 April 1, 2027 General Fund
Salt Lake City Debt Service CIP
19 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Sales and Excise Tax Revenue Refunding Bonds, Series 2019A, were issued in December 2019 to refund a portion of
the Series 2007A Bonds. The Series 2007A Bonds were originally issued to fund the TRAX Extension to the
Intermodal Hub and Grant Tower improvements to realign rail lines near downtown.
The Series 2019A bonds were issued with a par amount of $2,620,000. As of June 30, 2023, $1,270,000 in principal
remains outstanding.
Principal is due annually on April 1. Interest is due semi-annually on April 1 and October 1. The bonds mature April
1, 2027.
Sales and Excise Tax Revenue Refunding Bonds, Series 2022B
2024 Budget Type of Debt Origination Date Final Payment Funding Source
$1,999,625.00 Sales Tax Revenue Bonds November 2022 October 1, 2042 General Fund
Sales and Excise Tax Revenue Refunding Bonds, Series 2022C
2024 Budget Type of Debt Origination Date Final Payment Funding Source
$3,088,875 Sales Tax Revenue Bonds November 2022 October 1, 2032 General Fund
Sales and Excise Tax Revenue Refunding Bonds, Series 2022B&C, were issued in November 2022 to finance all or a
portion of the cost of acquiring, constructing and improving capital improvement projects, including: City Cemetery
irrigation and road repairs and reconstruction; Pioneer Park; 600 North Corridor; new radio towers for City
communication; an upgrade of the electrical transformer at the Central Plant and emergency back-up generators;
Westside railroad quiet zones; Warm Spring Plunge structure stabilization; Smith's Ballpark; urban wood re-
utilization equipment and storage additions; and Fisher Mansion stabilization; and various other capital
improvement program projects.
The Series 2022B bonds were issued with a par amount of $40,015,000. As of June 30, 2023, $40,015,000 in principal
remains outstanding.
Principal is due annually on October 1. Interest is due semi-annually on April 1 and October 1. The bonds mature
October 1, 2042.
The Series 2022C bonds were issued with a par amount of $24,240,000. As of June 30, 2023, $24,240,000 in principal
remains outstanding.
Principal is due annually on October 1. Interest is due semi-annually on April 1 and October 1. The bonds mature
October 1, 2032.
Motor Fuel Excise Tax Revenue Bonds, Series 2014
2024 Budget Type of Debt Origination Date Final Payment Funding Source
$979,503 Sales Tax Revenue Bonds August 2014 April 1, 2024 Class C
The Motor Fuel Excise Tax Revenue Bonds, Series 2014, were issued in August 2014 for the purpose of constructing
and repairing 13th South Street from State Street to 4th West, and from State Street to 5th West, and 17th South
Street from State Street to 700 East.
The Series 2014 bonds were issued with a par amount of $8,800,000. As of June 30, 2023, $960,000 in principal
remains outstanding.
Principal is due annually on April 1. Interest is due semi-annually on April 1 and October 1. The bonds mature on
April 1, 2024.
Salt Lake City Debt Service CIP
20 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
ESCO Lease Debt Service
2024 Budget Type of Debt Origination Date Final Payment Funding Source
$93,500 Capital Lease December 2019 March 2026 General Fund
This lease provides energy efficient equipment to Public Services Facilities Division.
ESCO Steiner Lease Debt Service
2024 Budget Type of Debt Origination Date Final Payment Funding Source
$150,500 Capital Lease January 2013 July 2029 County
$150,500 Capital Lease January 2013 July 2029 General Fund
This lease was entered into by Public Services to acquire energy efficient equipment for Steiner. Since the costs of
this facility is shared 50% with the County, the County pays 50% of this lease payment.
ESCO Parks Lease Debt Service
2024 Budget Type of Debt Origination Date Final Payment Funding Source
$517,000 Capital Lease August 2012 March 2026 General Fund
This lease was entered into by Public Services to acquire energy efficient equipment for city parks.
Lease Revenue Bonds, Series 2016A
2024 Budget Type of Debt Origination Date Final Payment Funding Source
$501,400 LBA Lease Revenue Bonds March 2016 April 15, 2037 General Fund
The Local Building Authority of Salt Lake City (LBA of SLC) issued the Lease Revenue Bonds, Series 2016A in March
2016 for the purpose of financing a portion of the construction costs of the Fire Station #14 Project.
The Series 2016A bonds were issued with a par amount of $6,755,000. As of June 30, 2023, $5,220,000 in principal
remains outstanding.
Principal is due annually on April 15. Interest is due semi-annually on April 15 and October 15. The bonds mature
on April 15, 2037.
Lease Revenue Bonds, Series 2017A
2024 Budget Type of Debt Origination Date Final Payment Funding Source
$679,400 LBA Lease Revenue Bonds April 2017 April 15, 2038 General Fund
The Local Building Authority of Salt Lake City (LBA of SLC) issued the Lease Revenue Bonds, Series 2017A in April
2017 for the purpose of financing a portion of the construction costs of the Fire Station #3 Project.
The Series 2017A bonds were issued with a par amount of $8,115,000. As of June 30, 2023, $6,950,000 in principal
remains outstanding.
Principal is due annually on April 15. Interest is due semi-annually on April 15 and October 15. The bonds mature on
April 15, 2038.
Salt Lake City Debt Service CIP
21 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
ONGOING COMMITMENTS FROM GENERAL FUND AND OTHER SOURCES
Crime Lab Rental Payments
2024 Budget Origination Date Funding Source
$600,000 General Fund
Yearly rental payments for Crime Evidence Lab.
Facilities Maintenance
2024 Budget Origination Date Funding Source
$350,000 General Fund
The Facilities ongoing CIP funding will be used to replace a variety of capital assets. The purpose is to stop problems
early on and prevent larger catastrophic failures of equipment and systems in the City’s building stock.
Trail Maintenance
2024 Budget Origination Date Funding Source
$200,000 ¼ Cent Tax
These funds will be used to fund contractors, equipment, and material to maintain urban trails and trail segments
that potentially come online during the fiscal year. The maintenance of these trails is necessary to keep them safe
for all that use them and so they can be used year-round.
Public Lands Maintenance
2024 Budget Origination Date Funding Source
$250,000 General Fund
The Parks ongoing CIP funding will be used to replace a variety of capital assets. The purpose is to stop problems
early on and prevent larger failures in the City’s park stock.
Percent for Art
2024 Budget Origination Date Funding Source
$161,518 Funding our Future
To provide enhancements such as decorative pavement, railings, sculptures, and other works of art. (1.5% of CIP)
Cost Overrun
2024 Budget Origination Date Funding Source
$22,214$225,357 General Fund & Funding Our Future
Funding set aside to cover unforeseen costs of projects.
Salt Lake City Debt Service CIP
22 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Smith Ballfield Naming Rights
2024 Budget Origination Date Funding Source
$150,000 Other -Donations
Two parts to this request - to establish budget within the 83 fund to accept the revenue received for the naming
rights pertaining to Smith Baseball Field and to establish an expense within the 83 fund to continue addressing the
deferred maintenance backlog in this facility. This building was completed in 1990 and is now 33 yrs. old.
CIP Memorial House
2024 Budget Origination Date Funding Source
$50,000 Other - Rental
A revenue cost center has been established to receive revenue payments from the Utah Heritage Foundation.
Monthly payments are received and are to be re-invested in the facility to maintain the property. Plans for the use
of the funding is to be determined.
Real Estate Services – Surplus Land
2024 Budget Origination Date Funding Source
$700,000 General Fund
Salt Lake City Corporation holds several properties in its real estate inventory that are not used for city functions but
that are either vacant or are leased to third parties. This fund is for the maintenance, security, and improvement of
these properties.
Federally Taxable Sales and Excise Tax Revenue Refunding Bonds, Series 2019B
2024 Budget Type of Debt Origination Date Final Payment Funding Source
Sales Tax Revenue Bonds October 2019 April 1, 2038 RDA
Federally Taxable Sales and Excise Tax Revenue Bonds, Series 2013A, were issued in October 2013 for the purpose
of financing a portion of the costs of acquiring, constructing, and equipping a performing arts center and related
improvements. The Series 2013A Bonds were refunded with the Federally Taxable Sales and Excise Tax Revenue
Refunding Bonds, Series 2019B.
The RDA pays the full amount of the debt service for the Series 2019B bonds. However, if the RDA is unable to pay
any of the debt service, the City’s General Fund would be responsible for it.
The total par amount of bonds issued was $58,540,000. As of June 30, 2023, $56,790,000 in principal remains
outstanding.
Principal is due annually on April 1. Interest is due semi-annually on April 1 and October 1. The bonds mature on
April 1, 2038.
Salt Lake City Debt Service CIP
23 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
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General Fund
Capital Projects
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Project Title:Library Plaza Structural Assessment and Visioning
Project Address:200 East 400 South, Salt Lake City, UT 84101
Project Description:
Many complex structural and drainage issues at Library Plaza are causing known settling and damage to critical materials (e.g., pavers, railings and footings, walls) visible on the surface. This project will include an investigation into these issues, followed by planning and design to complete the necessary changes. Specific plaza elements that will be investigated include the wedge wall near 200 East, fountain, retaining walls and pavers, and overall stability throughout the plaza. The project will also include a planning process to identify solutions and designs for activating the plaza. These will mitigate currently unknown and known barriers (including direct sunlight and little shade or protection from the elements) to increase usage in line with its original intent as a public event space.
Salt Lake City is a potential candidate for the 2030 Olympics and structural repairs, retrofitting, and reimagining space within this site and adjacent properties will be critical first steps if the City wants to use this site to host events and accommodate large crowds. If funded, this request would lay the groundwork for a funding application for construction within the next few years. Once construction is funded, this project will be a joint venture between Public Lands and Facilities.
Proposal ID:423313
Department:Public Lands
Project Type:Capital
Category: Planning
Funding Recommendations
CDCIP Board Mayor Council
General Fund $190,000 $190,000
Class C Funds
Impact Fee Funds
Estimated Future Maintenance and/or Operational Expense:
None
Salt Lake City General Fund Capital Projects
27 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Safer Crossings: Main St., Glendale Park, and Citywide
Project Address:
Main St Crossings (900 South to 2100 South): This second set of crossings is likely to include: Layton Ave, Van Buren/Bryan Ave, Cleveland / Merrimac Ave, Paxton / Kelsey Ave, Fayette, OC Tanner, Grove Ave.Glendale Park Crossing: 1300 West 1700 SouthCitywide
Project Description:
This project will fund two key projects as well as providing ongoing funding to a citywide program that installs warranted crossing beacons, traffic signals, or other traffic control devices to address safety issues.
1. Main Street Pedestrian Crossings - Ten crossing locations need upgraded crosswalks; about half will be done with funds already allocated in FY23. This request is for construction funds for the remaining locations. Anticipated construction is 2024.
2. Glendale Park / 1700 South - This request is for funds to upgrade the existing crosswalk at 1300 W 1700 S from flashing yellow beacons (RRFBs) to a pedestrian-activated signal (HAWK, Toucan, or half-signal), to fully stop traffic with a red light between the residential Glendale neighborhoods to the north and the new Glendale Regional Park (Phase 1 - 2024) to the south.
3. Citywide traffic safety projects include the installation of traffic control devices such as signals, flashers, signs, or markings to improve pedestrian safety.
Wide crosswalks like this one on Main Street will receive pedestrian refuge islands.
Proposal ID:424230
Department:Transportation
Project Type:Capital
Category: New
Funding Recommendations
CDCIP Board Mayor Council
General Fund $270,000 $270,000
Class C Funds
Impact Fee Funds $90,000 $90,000
1/4 Cent Tax $540,000 $540,000
Estimated Future Maintenance and/or Operational Expense:
Other departments and divisions may have increased operating expenses as a result of projects that would be planned / designed using these funds. These other agencies will be included in the planning and design process.
Salt Lake City General Fund Capital Projects
28 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:200 East ADA and Sidewalk Improvements
Project Address:
Route: 200 East from 1700 South to Westminster AveKey intersection: 200 East Downington Ave, Salt Lake City, UT 84115
Project Description:
200 East ADA and sidewalk improvements. This project seeks to bring a section of sidewalks near senior housing into compliance with the Americans with Disabilities Act (ADA). It also seeks to improve walkability in a low-income neighborhood by fixing a gap in continuous sidewalks.
Potential layout for new curb ramp and sidewalk at 200 East and Downington Ave.
Proposal ID:417914
Department:Transportation
Project Type:Capital
Category: New, Constituent
Funding Recommendations
CDCIP Board Mayor Council
General Fund $234,000 $234,000
Class C Funds
Impact Fee Funds
Estimated Future Maintenance and/or Operational Expense:
Other departments and divisions may have increased operating expenses as a result of projects that would be planned / designed using these funds. These other agencies will be included in the planning and design process.
Salt Lake City General Fund Capital Projects
29 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Transit Capital for Frequent Transit Routes / Operational Investments
Project Address:Citywide
Project Description:
Funds will construct bus stops along frequent transit routes that reflect the recommendations of the Transit Master Plan. Examples include the 200 (State Street), 209 (900 East) and 217 (Redwood Road). Improvements ensure that stops are legal, accessible, safe, and convenient. This is a partnership program with UTA, with investment by the City made to complement (rather than supplant) UTA's plans for bus stop construction as articulated in their Bus Stop Master Plan, and City investments generate UTA investments. Salt Lake City constructs the concrete pad, and UTA provides the shelters, benches, bike racks, and trash cans. If bicyclist/pedestrian connections to bus stops are problematic or don’t exist, these funds may be used to address those issues. Funds may also provide match to $5.59 million in federal grants received so far for transit hubs (especially 200 S East Downtown Hub, Westside North Temple Hub). The transit hubs are multi-million-dollar projects; a portion of these funds will be used to provide the required local match. These projects are also partnership projects with UTA (and other potential partners, such as the University of Utah and real estate developers), with both agencies seeking funds, providing match, and together creating the full project.
Bus shelters, trash cans, and bike racks are all part of Salt Lake’s transit improvements along Frequent Transit Network routes.
Proposal ID:424222
Department:Transportation
Project Type:Capital
Category: New
Funding Recommendations
CDCIP Board Mayor Council
General Fund
Class C Funds
Impact Fee Funds $110,000 $110,000
FOF Transit $990,000 $990,000
Estimated Future Maintenance and/or Operational Expense:
Other departments and divisions may have increased operating expenses as a result of projects that would be planned / designed using these funds. These other agencies will be included in the planning and design process.
Salt Lake City General Fund Capital Projects
30 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Complete Streets Program: 2100 South, Virginia St., and Citywide
Project Address:
1000 East 2100 South, Salt Lake City, UT, 84106, 200 North Virginia Street, Salt Lake City, UT, 84103, Citywide
Project Description:
This program funding request provides supplemental funds to street projects that have been found, including through input from the community, to need additional complete street elements such as sidewalks, pedestrian crossings, bikeways, safer intersections, placemaking, and street greening.
This year's request focuses on three aspects: two critical streets, both tied to Streets Bond Funding in the 2024 construction season, and third, an allocation for citywide restriping and corridor designs, primarily in conjunction with planned maintenance. For these streets to be reconstructed and/or restriped to meet both City Ordinance and community expectations, these additional funds are needed.
Rendering of updated design on 2100 South
Proposal ID:424210
Department:Transportation
Project Type:Capital
Category: Renewal
Funding Recommendations
CDCIP Board Mayor Council
General Fund
Class C Funds
Impact Fee Funds
1/4 Cent Tax $3,293,000 $3,293,000
Estimated Future Maintenance and/or Operational Expense:
The reconstructed streets will reduce pavement maintenance costs but may create increased operating expenses in other Departments and Divisions due to landscaping and new Complete Streets elements. These other agencies will be included in the planning and design process.
Salt Lake City General Fund Capital Projects
31 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Public Way Concrete 2023/2024
Project Address:Citywide
Project Description:
This annual program addresses deteriorated or defective concrete sidewalks, accessibility ramps, curb and gutter, retaining walls, etc. in the public way through saw-cutting, slab jacking, or removal and replacement. Funding for this vital program in the last 4 years has averaged 53%. Providing a fully accessible public right-of-way is an unfunded federal mandate through the Americans with Disabilities Act of 1990. Not only is it the City's legal responsibility to ensure the public way is accessible to all, it is a moral obligation.
Proposal ID:423889
Department:Engineering
Project Type:Capital
Category: Renewal
Funding Recommendations
CDCIP Board Mayor Council
General Fund
Class C Funds
Impact Fee Funds
FOF Streets $750,000 $750,000
Estimated Future Maintenance and/or Operational Expense:
None
Salt Lake City General Fund Capital Projects
32 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Livable Streets Implementation
Project Address:Citywide
Project Description:
This citywide program aims to address the most common resident complaint to Transportation staff - speeding vehicles. It uses a data-driven & equitable prioritization process for the implementation of traffic calming improvements in the areas most in need.
Traffic circles are one tool identified in the Livable Streets Report to help slow traffic on neighborhood streets.
Proposal ID:424211
Department:Transportation
Project Type:Capital
Category: New
Funding Recommendations
CDCIP Board Mayor Council
General Fund $250,000 $250,000
Class C Funds
Impact Fee Funds
FOF Other $1,100,000 $1,100,000
Estimated Future Maintenance and/or Operational Expense:
Other departments and divisions may have increased operating expenses as a result of projects that would be planned / designed using these funds. These other agencies will be included in the planning and design process.
Salt Lake City General Fund Capital Projects
33 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Neighborhood Byways
Project Address:
975 North Star Crest Drive, Salt Lake City, UT 84116 (Westpointe / Jordan Meadows Neighborhood Byway, approximate mid-point)1400 South 1600 East, Salt Lake City UT 84105 (Sugar House to the U Neighborhood Byway, approximate mid-point)
Project Description:
Neighborhood byways create pleasant and convenient routes for people walking, bicycling, or rolling by encouraging safe travel speeds, discouraging cut-through vehicle traffic, providing safe crossings of busy streets, and connecting people to key community destinations. These funds will be used for the engineering design and construction of the Westpointe / Jordan Meadows Neighborhood Byway, and for the engineering design of the Sugar House to the U Neighborhood Byway. Both projects are currently in conceptual design with significant community input. The Westpointe / Jordan Meadows Neighborhood Byway has already received a state grant for $900,000 toward its $1.5 million construction budget. This CIP request will serve as the required 40% match to this grant.
Technicians finishing up the installation of a neighborhood byway crossing in Poplar Grove along 400 South.
Proposal ID:424216
Department:Transportation
Project Type:Capital
Category: New
Funding Recommendations
CDCIP Board Mayor Council
General Fund $440,000 $440,000
Class C Funds
Impact Fee Funds
1/4 Cent Tax $360,000 $360,000
Estimated Future Maintenance and/or Operational Expense:
Other departments and divisions may have increased operating expenses as a result of projects that would be planned / designed using these funds. These other agencies will be included in the planning and design process.
Salt Lake City General Fund Capital Projects
34 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Complete Streets Reconstruction 2023/2024
Project Address:Citywide
Project Description:
This annual program funds reconstruction of deteriorated City streets, including curb and gutter, sidewalk, and drainage improvements as necessary. Where appropriate, it will include appropriate complete streets bicycle and pedestrian access improvements.
Proposal ID:423853
Department:Engineering
Project Type:Capital
Category: Renewal
Funding Recommendations
CDCIP Board Mayor Council
General Fund $2,250,000 $2,250,000
Class C Funds $2,250,000 $2,250,000
Impact Fee Funds
FOF Streets
Estimated Future Maintenance and/or Operational Expense:
None
Salt Lake City General Fund Capital Projects
35 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Poplar Grove Park Full Court Basketball Expansion
Project Address:Poplar Grove Park (Indiana Avenue and Emery St.), Salt Lake City, UT 84104
Project Description:
This park currently has a half court – which is used frequently, with players spilling out all over the court and grass surrounding it. This project will fund the expansion of the court which includes demolition, irrigation adjustments, a new concrete court, fencing, signage (that would include a flower bed, which will provide beautification opportunities for Friends of Poplar Grove Park to showcase their flower planting skills over the years. Not all will play on the court, but some could still benefit from this improvement by volunteering to plant flowers). Furthermore, it will also fund an artist to design and paint a mural on the new court. Which will provide an opportunity for local artists to share their talents with the community. There are so many benefits to this project - it invites all to participate, enjoy and cherish this wonderful open space for many years to come. COVID-19 may have been a hard time to deal with, but our parks became the extension of our homes and will remain that way for a long time.
Proposal ID:419327
Department:Public Lands
Project Type:Capital
Category: New, Constituent
Funding Recommendations
CDCIP Board Mayor Council
General Fund $253,500 $253,500
Class C Funds
Impact Fee Funds $253,500 $253,500
Estimated Future Maintenance and/or Operational Expense:
Annual maintenance is expected to increase by $1,000.
Salt Lake City General Fund Capital Projects
36 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Cottonwood Park Trailhead and Parklet
Project Address:356 N Redwood Rd, Salt Lake City, UT 84116
Project Description:
In November 2022, Public Lands acquired a property adjoining Cottonwood Dog Park and the Jordan River located at 356 Redwood Road. The dirt lot has long been used as an informal parking lot for dog park users, even prior to property acquisition. This project would develop a trailhead and parking lot that better serve the park’s current and future users. This site has the potential to better serve as a gateway to the Jordan River Trail and to Cottonwood Park as a whole, with interpretive signage, wayfinding, improved connectivity, landscaping, and a small gathering space along the river. This would also provide lighting and artwork to provide a welcoming space. This project also funds a new restroom facility to replace the existing failing restroom. It should be noted that Cottonwood Park was selected as one of District 1’s “Reimagine Neighborhood Parks, Trails, or Open Space” projects, funded by the GO Parks Bond.
Proposal ID:424360
Department:Public Lands
Project Type:Capital
Category: New
Funding Recommendations
CDCIP Board Mayor Council
General Fund $202,000 $202,000
Class C Funds
Impact Fee Funds $648,000 $648,000
Estimated Future Maintenance and/or Operational Expense:
Annual maintenance impact is estimated at $2,000.
Salt Lake City General Fund Capital Projects
37 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Complete Streets Overlay 2023/2024
Project Address:Citywide
Project Description:
This annual program funds rehabilitation of deteriorated City streets, including curb and gutter, sidewalk, and drainage improvements as necessary. Where appropriate, it will include appropriate complete streets bicycle and pedestrian access improvements. Street segments identified by Roadway Asset Services (RAS) as backlog candidates for 3” Overlay (OCI of approximately 40-50) are included below as recommended projects.
Suggested Project areas: 2.34 Lane MilesWasatch Drive - 1300 S to Michigan Ave (partly within Bonneville Golf Course)800 E - 100 S to 400 S (signal loops at 100 S)Work displayed below on the map.
Proposal ID:424280
Department:Engineering
Project Type:Capital
Category: Renewal
Funding Recommendations
CDCIP Board Mayor Council
General Fund
Class C Funds $1,250,000 $1,250,000
Impact Fee Funds
Estimated Future Maintenance and/or Operational Expense:
None
Salt Lake City General Fund Capital Projects
38 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Urban Trails: The Other Side Village & the 9-Line Trail
Project Address:
1900 West Indiana Ave, Salt Lake City, UT 841041851 East Sunnyside Ave, Salt Lake City, UT 84108
Project Description:
Two projects are critical to this urban trails request: connectivity for The Other Side Village just west of Redwood Road, and a short gap in the 9-Line Trail near the University of Utah. This request seeks funding for critical trail connections in support of "The Other Side Village," the tiny home village with assistive services that will be constructed just west of Redwood Road in the City's Glendale / Poplar Grove neighborhoods. $1.2 million will be allocated to begin improvements, currently under study, which will prioritize a multi-use trail and/or sidewalks on Indiana Avenue; safer crossings of Redwood Road; a new multi-use trail north from the Village to the transit center; and/or segments of the 9-line trail and Surplus Canal Trail (see map). This is anticipated to be Phase 1 of three or four requests. Funds will also be used for a missing gap in the 9-Line Trail near the University of Utah, where the 12' wide multi-use trail along Sunnyside Avenue narrows down to a scant 4' wide sidewalk, creating conflicts between bicyclists and pedestrians.
This section of Indiana Avenue lacks even a sidewalk connecting “The Other Side Village” to transit stops on Redwood Road.
Proposal ID:424227
Department:Transportation
Project Type:Capital
Category: New
Funding Recommendations
CDCIP Board Mayor Council
General Fund
Class C Funds
Impact Fee Funds
1/4 Cent Tax $1,700,000 $1,700,000
Estimated Future Maintenance and/or Operational Expense:
Other departments and divisions may have increased operating expenses as a result of projects that would be planned / designed using these funds. These other agencies will be included in the planning and design process.
Salt Lake City General Fund Capital Projects
39 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Fire Station No. 7 Tennis and Pickleball Court Restoration and Amenities
Project Address:273 North 1000 West, Salt Lake City, UT 84116
Project Description:
This project will fund construction for restoring the courts and adding amenities at the Fire Station No. 7 Tennis Park on 300 North (west of 1000 West). This space is currently two failed tennis courts. One tennis court will be restored, and the other will be converted into two pickleball courts. The addition of two pickleball courts is necessary to meet increasing demand for usable pickleball courts throughout the city. There are currently no dedicated pickleball courts in the city’s westside neighborhoods. This project would also complete associated amenities on site, as funding is available, such as court lighting, drinking fountains, and ADA access. Public Lands has already separately funded the design of this court project. This CIP funding will go towards construction costs of the courts and other associated amenities.
Proposal ID:424358
Department:Public Lands
Project Type:Capital
Category: Renewal
Funding Recommendations
CDCIP Board Mayor Council
General Fund $438,850 $438,850
Class C Funds
Impact Fee Funds $416,150 $416,150
Estimated Future Maintenance and/or Operational Expense:
Annual maintenance costs will decrease by $1,000.
Salt Lake City General Fund Capital Projects
40 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:337 Park Development
Project Address:337 South 400 East, Salt Lake City, Utah 84111
Project Description:
337 Pocket Park was initially established as a community garden but has since been decommissioned as such due to adjacent higher density property development to the south shading out agricultural potential. The parcel has since been sitting vacant and in a state of disrepair. This potential pocket park needs significant development to add park service to District 4. Funding would facilitate public engagement, planning and design, and construction of the site. This project is an expansion of a previously submitted constituent CIP application during the FY22-23 cycle with the addition of Public Lands-supported direction for implementation. Currently, a small portion of the parcel (nearest to 400 East) has public art and plantings. This project would develop the remainder of the parcel. Potential amenities and features of this site will be determined with public engagement but could include an off-leash dog park, seating, and native plantings appropriate for shaded areas. This property has been the subject of continuous encroachments since the lot to the south of this parcel has been under development. There have been inquiries about the 337 Park lot being reduced to allow for access to the southern development. Because of the increased interest in this lot and the threat to this valuable property in a low level-of-service area for parks, it is critical for the development of this lot to move forward as quickly as possible.
Proposal ID:423315
Department:Public Lands
Project Type:Capital
Category: New
Funding Recommendations
CDCIP Board Mayor Council
General Fund
Class C Funds
Impact Fee Funds $550,000 $550,000
Estimated Future Maintenance and/or Operational Expense:
Annual maintenance impact is estimated at $7,500.
Salt Lake City General Fund Capital Projects
41 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Jefferson Park Improvements
Project Address:Fremont Ave and West Temple, Salt Lake City, Utah 84101
Project Description:
Jefferson Park is an under-resourced jewel in the Ballpark Neighborhood. This application seeks to address long standing issues identified in the City’s Ballpark Station Area Plan, including “a lack of service and proper maintenance in current parks”. The park currently has a small, aging playground (to be replaced through separate funding by Public Lands in 2023) with two benches as well as a set of temporary soccer nets and an off-leash dog area. The constituent applicants request the following:
•Safety improvements: Ample, attractive 'dark sky' lighting throughout the perimeter of the park and fencing around the playground area. Given the area’s crime, this is essential.
•Health improvements: Permanent, attractive garbage cans along the perimeter of the park to reduce the constant flow of garbage (including clothing, needles, and human waste), and to encourage responsible dog ownership.
•Activation improvements: The retention pond berm is an ideal location for a walking path around the park and provides residents with a place to exercise. Adding a few benches (with garbage cans) under the existing shade trees, like in Liberty Park, will encourage activation.
Proposal ID:417708
Department:Public Lands
Project Type:Capital
Category: New, Constituent
Funding Recommendations
CDCIP Board Mayor Council
General Fund
Class C Funds
Impact Fee Funds $530,000 $530,000
Estimated Future Maintenance and/or Operational Expense:
Annual maintenance would increase by $4,000.
Salt Lake City General Fund Capital Projects
42 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Parks Bilingual Signage Installation
Project Address:Citywide
Project Description:
This project will replace existing signage and add new bilingual signage in English and Spanish in approximately ten parks citywide. This project will be the second phase of implementation of the City's new multi-lingual signage standards. The standards were completed in early 2022, with the first phase of implementation occurring in 2023 and early 2024. The first phase of implementation included ten parks and were initially chosen because they are classified as Community Parks in the Public Lands Master Plan, have numerous and varying amenities, and lack effective signage types and locations currently. The second phase of implementation, to be completed with this funding proposal, are the next largest parks with varying amenities that necessitate the addition of signage that the park currently lacks.
Currently, many parks, natural areas and public spaces are not adequately signed for appropriate and effective communication of public lands' regulations, assets, amenities, and stories. This project would not only add signage to parks with outdated or inadequate signage, but would add bilingual information on all signs in order to enhance communication and provide public lands information more equitably and reliably throughout Salt Lake City. The project will also help the City accomplish the goals of the recently-adopted Reimagine Nature Public Lands Master Plan.
Proposal ID:423318
Department:Public Lands
Project Type:Capital
Category: New
Funding Recommendations
CDCIP Board Mayor Council
General Fund $82,800 $82,800
Class C Funds
Impact Fee Funds $331,200 $331,200
Estimated Future Maintenance and/or Operational Expense:
Annual maintenance impact: $2,900
Salt Lake City General Fund Capital Projects
43 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Fairpark Roundabout Construction Phase
Project Address:500 North 1000 West, Salt Lake City, UT 84116
Project Description:
1000 West is an important street for the Fairpark neighborhood and access to the Utah State Fairpark. Over the last two years, Salt Lake City Transportation Division has engaged with the community about the challenges and opportunities on 1000 West. Common requests for changes to 1000 West include slowing vehicle speeds, making the crosswalks safer, improving street aesthetics, and balancing regional access needs with neighborhood livability.
This application is requesting funds to build a roundabout at the intersection of 1000 West and 500 North. This application is related to one submitted for FY23, that awarded funds for study/design only. The Transportation Division is actively working on the study/design while supporting this application for construction funds. Intersection upgrades at 500 North is consistent with the 1000 West Corridor Plan, which seeks to moderate vehicle speeds, improve walkability, add landscaping, and create a gateway feature for the neighborhood.
Proposal ID:416618
Department:Transportation
Project Type:Capital
Category: New, Constituent
Funding Recommendations
CDCIP Board Mayor Council
General Fund
Class C Funds
Impact Fee Funds
¼ Cent Tax $497,000 $497,000
Estimated Future Maintenance and/or Operational Expense:
Other departments and divisions may have increased operating expenses as a result of projects that would be planned / designed using these funds. These other agencies will be included in the planning and design process.
Salt Lake City General Fund Capital Projects
44 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Alleyway Improvements 2023/2024
Project Address:Citywide
Project Description:
This annual program, kicked off in 2021, funds reconstruction or rehabilitation of deteriorated City alleyways, including pavement and drainage improvements as necessary.
Proposal ID:424439
Department:Engineering
Project Type:Capital
Category: Renewal
Funding Recommendations
CDCIP Board Mayor Council
General Fund
Class C Funds
Impact Fee Funds
FOF Streets $250,000 $250,000
Estimated Future Maintenance and/or Operational Expense:
None
Salt Lake City General Fund Capital Projects
45 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Fire Station #1 Apparatus Bay Extension
Project Address:211 South 500 East, Salt Lake City, Utah 84102
Project Description:
Originally constructed in 1994, Fire Station #1 was built to house the resources (both human and mechanical) that were in use at the time. Since then, much of our apparatus and equipment needs at this strategic location have changed, requiring additional space. Fire Station #1 is located at 211 South 500 East, in the heart of Salt Lake City’s downtown. The call volume for this station is consistently the highest in the city and has been steadily increasing over the past five (5) years. In fact, it recently came to the attention of SLCFD Administration that the current call volume and projected increase would be unsustainable for the single fire engine that was housed there. In response, the Administration made the data-based decision to reassign existing resources within the City, in an effort to alleviate the pressure on the fire crews operating out of Station 1 Specifically, a fire truck was moved from Fire Station #5 to Fire Station #1, essentially repurposing Fire Station #1 to what is known in the industry as a “dual-company house.” While this reassignment of resources has certainly shown a more balanced delivery of emergency services, there are logistical limitations affecting the housing of the newly assigned aerial apparatus. The three newest and most advanced SLCFD aerial apparatus (trucks) are too long to be housed in the apparatus bays at Fire Station #1. Consequently, we have implemented the use of an older, shorter aerial apparatus. In the meantime, we await the construction of a new, smaller in length truck (not a standard build) which is anticipated to take 3-4 years to build. Additionally, there is uncertainty that the manufacturer will be able to build this length of truck in the future. As such, it is requested that funding be made available to design and construct the expansion of four (4) apparatus bays at Fire Station #1.
Proposal ID:425243
Department:Fire
Project Type:Capital
Category: New
Funding Recommendations
CDCIP Board Mayor Council
General Fund $648,771 $648,771
Class C Funds
Impact Fee Funds
Other $500,000 $500,000
Estimated Future Maintenance and/or Operational Expense:
None
Salt Lake City General Fund Capital Projects
46 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Facilities Asset Renewal Plan FY24
Project Address:Citywide
Project Description:
Following a 10-year plan to eliminate the $45,600,000 in deferred asset renewal, the Facilities Division will utilize the funds requested to replace assets that are beyond their useful life, prioritizing replacements based on asset criticality.
Proposal ID:426588
Department:Facilities
Project Type:Capital
Category: Renewal
Funding Recommendations
CDCIP Board Mayor Council
General Fund $1,700,000 $1,700,000
Class C Funds
Impact Fee Funds
Estimated Future Maintenance and/or Operational Expense:
Annual maintenance cost will be reduced as new assets are more efficient, switching from reactive repair work to ongoing preventative maintenance.
Salt Lake City General Fund Capital Projects
47 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Mill and Overlay Maintenance Pilot Program
Project Address:Citywide
Project Description:
The Streets Division, part of Public Services, will be the project sponsor and implementation manager. Streets is requesting to begin a Mill & Overlay pilot program, which is a more robust form of roadway surface treatment. Many existing city roadways do not currently need a full depth reconstruction but are not in good enough condition for current maintenance surface treatments, namely chip and slurry seal. If nothing is done, these roads will continue to deteriorate and soon require a costly reconstruction. The Mill & Overlay program would allow Streets to perform maintenance on these roads at a lower cost, compared to reconstructing. To carry out this pilot program the Streets Division needs two additional pieces of equipment, an Asphalt Paver, and a Cold-Milling Machine.
Proposal ID:426528
Department:Streets
Project Type:Capital
Category: New
Funding Recommendations
CDCIP Board Mayor Council
General Fund
Class C Funds
Impact Fee Funds
1/4 Cent Tax $750,000 $750,000
Estimated Future Maintenance and/or Operational Expense:
Average yearly maintenance cost: $19,400 (for both pieces of equipment)
Salt Lake City General Fund Capital Projects
48 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Historic Restorations, Replacements, Conservation Work at International Peace Gardens
Project Address:1060 South 900 West, Salt Lake City, UT 84104
Project Description:
Despite receiving hundreds of visitors per day, the International Peace Gardens in District 2 has dilapidated garden architecture. Hollows left by stolen plaques and artwork remind visitors of theft and vandalism, and limit their understanding of the history and cultures behind the 28 national garden exhibits. CIP funding is needed to replace or replicate, conserve, and conceive a plan and trust fund for future upkeep of this trove of art, ethnic and botanic diversity. This request consists of multiple projects that include: conservation and restoration artworks, design and replacement of artwork that has been removed/stolen, replacement of perennial botanicals and landscaping, structural study and design exploring expansion of the greenhouse while assessing the feasibility of a visitor space/exhibition space.
Proposal ID:418741
Department:Public Lands
Project Type:Capital
Category: New, Constituent
Funding Recommendations
CDCIP Board Mayor Council
General Fund $325,000 $325,000
Class C Funds
Impact Fee Funds
Estimated Future Maintenance and/or Operational Expense:
Annual Maintenance Impact: $1,000-$3,000.
Salt Lake City General Fund Capital Projects
49 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:75-Year-Old Traffic Signal Replacement
Project Address:1300 East @ 400 South, Salt Lake City, UT 84102 or1300 East @ 100 South, Salt Lake City, UT 84102
Project Description:
Upgrade one aging traffic signal, along with parts of the surrounding intersection, with safety and operational improvements for all modes. The typical life of a traffic signal is 30 years. After that age, frequent repairs are needed, and the structural supports for the traffic signal may be at risk of failing. Twenty traffic signals in Salt Lake City are over 40 years old, with some of them rapidly approaching 75 years old. This project will fund the design and construction to replace one of the oldest and/or poorest condition traffic signals in Salt Lake City. The project will replace and upgrade the signal with new steel poles, signal heads, and detection, including current best practices for pedestrian detection and design, pedestrian countdown timers, and motor vehicle left turn phasing, as needed. It is anticipated that a traffic signal along 1300 East near the University of Utah will be selected. Those traffic signals were constructed in 1948.
75-year-old traffic signal at the busy intersection of 1300 East 400 South.
Proposal ID:424235
Department:Transportation
Project Type:Capital
Category: Renewal
Funding Recommendations
CDCIP Board Mayor Council
General Fund
Class C Funds
Impact Fee Funds $40,000 $40,000
1/4 Cent Tax $360,000 $360,000
Estimated Future Maintenance and/or Operational Expense:
This signal reconstruction will reduce signal maintenance costs, as keeping an older traffic signal alive past its normal expiration date typically includes extra repairs.
Salt Lake City General Fund Capital Projects
50 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Westside Art
Project Address:Westside of Salt Lake City
Project Description:
An art project will be incorporated into the City’s westside neighborhood.
Proposal ID:N/A
Department:
Project Type:Art
Category: New
Funding Recommendations
CDCIP Board Mayor Council
General Fund
Class C Funds
Impact Fee Funds
FOF Other $150,000
Estimated Future Maintenance and/or Operational Expense:
None
Salt Lake City General Fund Capital Projects
51 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Cost Overrun
Project Address:Citywide
Project Description:
Funding set aside to cover unforeseen costs of projects.
Proposal ID:NA
Department:
Project Type:Overrun
Category: New
Funding Recommendations
CDCIP Board Mayor Council
General Fund $22,214
Class C Funds
Impact Fee Funds
FOF Other $225,357
Estimated Future Maintenance and/or Operational Expense:
None
Salt Lake City General Fund Capital Projects
52 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Percent for Art
Project Address:Citywide
Project Description:
Funding set aside to provide art at City developed projects.
Proposal ID:NA
Department:
Project Type:Art
Category: New
Funding Recommendations
CDCIP Board Mayor Council
General Fund
Class C Funds
Impact Fee Funds
FOF Other $161,518
Estimated Future Maintenance and/or Operational Expense:
None
Salt Lake City General Fund Capital Projects
53 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
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Enterprise Fund
Capital Projects
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The Department of Airports
The Department of Airports is an enterprise fund of Salt Lake City Corporation and does not receive any
general fund revenues to support the operation of the City’s system of airports. The Department of
Airports (the Airport) has 639 employee budgeted positions and is responsible for managing, developing,
and promoting airports that provide quality transportation facilities and services, and a convenient travel
experience.
The Fiscal Year 2024 budget continues to see growth in enplanements, revenues, as well as expenditures.
The Salt Lake City International Airport (SLCIA) continues to benefit from the American Rescue Plan Act
(ARPA) as well as the Bipartisan Infrastructure Law (BIL) grants awarded for FY2024. The Airport will use
the remaining funds in the ARPA grants which will help offset operating and maintenance expenses that
will lower the landing fee and terminal rents charged in FY24 as well as make up for lost revenues. The
BIL grants will continue to provide much needed and critical funding for airport capital infrastructure
projects that are moving from design into actual construction. The Airport will be bringing on 22 gates
located on South Concourse East (SCE) in October 2024 which brings additional staffing and maintenance
staff requirements while seeing a significant reduction in the hardstand operations.
The developed FY24 budget continues to provide positive financial benefits with increased passengers
and revenues that help offset increased operating expenses. The Airport will continue to fund important
capital projects. These projects include the Terminal Redevelopment Program (TRP) and the North
Concourse Program (NCP), which together are called the New SLC. In addition, critical projects found in
the airfield, terminal, and auxiliary airports will continue to be funded to ensure that all Airport’s owned
facilities keep up with critical infrastructure to support the growth we are currently experiencing as well
as the growth we are projecting into future years.
Salt Lake City Airport Capital Projects
57 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:CUP Crossover Piping
Project Description:
This project will provide crossover 12-inch diameter piping from the existing 12-inch chilled water supply and return lines to the 20-inch supply and return hot water piping that feeds the Airport Terminal and Concourse areas from the Central Utility Plant (CUP). This would enable the Airport to maintain chilled water for cooling and hot water for heating as a backup to the system if there is a failure of lines that run underground from the CUP to the Terminal and Concourse areas.
Project Justification:
The existing chilled water and hot water piping systems run underground from a standalone location in the CUP north to the Airport Terminals and Concourse areas. If a failure of either supply lines happens, the crossover piping would facilitate the transfer of chilled water and/or hot water to keep the supply of cooling or heating to continue in a temporary operation mode until a permanent fix could be made.
Design Start Date Construction Start Date Project Completion Date
July 2023 November 2023 June 2024
Construction Cost Design, Construction Admin., & Inspection Testing Expenses Contingency Estimated Cost at Completion
$401,000 $54,000 $8,000 $2,000 $40,000 $505,000
AIP Funds PFC Funds CFC Funds GARBS Airport Funds
$505,000
PROJECT LOCATION
Salt Lake City Airport Capital Projects
58 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Decommission R/W 14-32 & T/W Improvements (Design)
Project Description:
As outlined in the SLCIA Master Plan, Runway 14-32 has two FAA hot spot locations and numerous non- standard geometry challenges. This runway accounts for only 1 percent of total aircraft operations at SLCIA and is unnecessary in the SLCIA runway system to meet FAA-defined wind coverage requirements and thus is not eligible for federal funding assistance. This means the entire cost of any and all corrective solutions would be paid by SLCDA. Through engagement with SLCDA staff and stakeholders, it was determined the cost to correct the runway hot spots outweighs the benefit the runway provides to the airport system. The Master Plan concluded that the final solution for implementation is to remove Runway 14-32.
Project Justification:
Projects in the short-term phase of airport development focus on modifications to the airfield that enhance airport operational safety. These projects address changes in runways and taxiways needed to reduce the potential for runway incursions and comply with current FAA airport design standards. This request is to develop the design on removing Runway 14-32 and modifications needed to the existing taxiway connections at Taxiways J, M, P, and Q.
Design Start Date Construction Start Date Project Completion Date
July 2023 June 2024
Construction Cost Design, Construction Admin., & Inspection Testing Expenses Contingency Estimated Cost at Completion
$367,000 $20,000 $18,000 $405,000
AIP Funds PFC Funds CFC Funds GARBS Airport Funds
$405,000
PROJECT LOCATION
Salt Lake City Airport Capital Projects
59 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Replace Pumps in Glycol Pumps Stations
Project Description:
This project will replace the existing piping, pumps, and valves in the Intermediate East Pump Station (IEPS) and the East Pump Station (EPS) for the glycol pump stations.
Project Justification:
The piping, pumps, and valves for the glycol pump stations have been in service for over 20 years and are approaching the end of their useful service life. The piping and equipment are obsolete and can no longer be maintained, and are showing significant signs of deterioration due to the corrosive nature of the deicing fluid. New pumps that are more efficient, require less maintenance, and safe guard against system failure will be installed. These pumps are long lead items and are critical for de- ice operations on Taxiway L and the 34R de-ice pad.
Design Start Date Construction Start Date Project Completion Date
July 203 July 2023 October 2023
Construction Cost Design, Construction Admin., & Inspection Testing Expenses Contingency Estimated Cost at Completion
$734,000 $155,000 $5,000 $73,000 $967,000
AIP Funds PFC Funds CFC Funds GARBS Airport Funds
$967,000
PROJECT LOCATION
Salt Lake City Airport Capital Projects
60 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Taxiway F Reconstruction (G - F1) - (Construction)
Project Description:
This project is a continuing phase to maintain the Airport's infrastructure and bring the taxiway geometry to current FAA standards. The project will consist of replacing the pavement on Taxiway F between Taxiways G and F1. Work will include demolition of existing concrete pavement and econocrete base, unclassified excavation, placement of engineered fill, placement of new econocrete base course and new portland cement concrete. Also included is the installation of new in-pavement centerline base cans and the reinstallation of centerline and taxiway edge lights complete with new underground cabling and connectors. Finally new asphalt shoulder paving and pavement marking will be done.
Project Justification:
Taxiway F connects Runway 16R-34L and Runway 16L-34R with the terminal area. It has a high volume of aircraft use because it serves as a major taxi route for arriving and departing aircraft. The taxiway concrete panels are showing signs of pavement distress including surface spalling, full depth slab cracking, and corner breaking indicating that the pavement is at the end of its useful service life. This area has received multiple patches where the concrete has settled indicating possible base failure. This project will make a significant contribution to safety and capacity by ensuring that the taxiway pavement integrity is preserved while minimizing FOD.
Design Start Date Construction Start Date Project Completion Date
April 2024 October 2024
Construction Cost Design, Construction Admin., & Inspection Testing Expenses Contingency Estimated Cost at Completion
$9,400,000 $9,400,000
AIP Funds PFC Funds CFC Funds GARBS Airport Funds
$7,050,000 $2,350,000
PROJECT LOCATION
Salt Lake City Airport Capital Projects
61 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Taxiway U & V Proper (Design)
Project Description:
This project is the first of two phases that includes constructing a tunnel structure to allow for Taxiways U and V to cross over a depressed portion of 4000 West. This work includes realigning 4000 West as identified on the SLCIA master plan and shown on the Airport Layout Plan (ALP). Other components of this project are constructing MSE walls along the new 4000 West realignment, earthwork, asphalt and concrete paving, relocating conflicting utilities, drainage systems, and fencing.
Project Justification:
The recently completed SLCIA master plan identified Taxiways U and V as a new cross field taxiway system between the north cargo support area and existing concourses. Currently Taxiways E and F are the only taxiway connections between Runways 16R/34L - 16L/34R and the terminal area. The construction of Taxiways U and V will provide alternative taxi routes to improve aircraft circulation and overall airfield efficiency and safety, particularly during snow removal operations on Taxiways E and F. This project will provide an immediate benefit to flow of aircraft on the airfield as well as improving safety by reducing traffic in a very congested area on the airfield. With current passenger numbers already approaching 2019 numbers and the airlines expecting to increase operations at SLCIA, there is a need to expand the airfield capacity. Additionally, the new taxiway system will allow for future maintenance to occur on Taxiways E and F as well as provide an enabling project for a future Concourse C.
Design Start Date Construction Start Date Project Completion Date
July 2023 June 2024
Construction Cost Design, Construction Admin., & Inspection Testing Expenses Contingency Estimated Cost at Completion
$4,725,000 $4,725,000
AIP Funds PFC Funds CFC Funds GARBS Airport Funds
$4,725,000
PROJECT LOCATION
Salt Lake City Airport Capital Projects
62 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Taxiway U & V Tunnel & Roadway Realignment
Project Description:
This project is the first of two phases that includes constructing a tunnel structure to allow for Taxiways U and V to cross over a depressed portion of 4000 West. This work includes realigning 4000 West as identified on the SLCIA master plan and shown on the Airport Layout Plan (ALP). Other components of this project are constructing MSE walls along the new 4000 West realignment, earthwork, asphalt and concrete paving, relocating conflicting utilities, drainage systems, and fencing.
Project Justification:
The recently completed SLCIA master plan identified Taxiways U and V as a new cross field taxiway system between the north cargo support area and existing concourses. Currently Taxiways E and F are the only taxiway connections between Runways 16R/34L - 16L/34R and the terminal area. The construction of Taxiways U and V will provide alternative taxi routes to improve aircraft circulation and overall airfield efficiency and safety, particularly during snow removal operations on Taxiways E and F. This project will provide an immediate benefit to flow of aircraft on the airfield as well as improving safety by reducing traffic in a very congested area on the airfield. With current passenger numbers already approaching 2019 numbers and the airlines expecting to increase operations at SLCIA, there is a need to expand the airfield capacity. Additionally, the new taxiway system will allow for future maintenance to occur on Taxiways E and F as well as provide an enabling project for a future Concourse C.
Design Start Date Construction Start Date Project Completion Date
July 2023 March 2024 November 2026
Construction Cost Design, Construction Admin., & Inspection Testing Expenses Contingency Estimated Cost at Completion
$64,560,000 $6,339,000 $1,291,000 $5,000 $6,456,000 $78,651,000
AIP Funds PFC Funds CFC Funds GARBS Airport Funds
$36,570,000 $42,081,000
PROJECT LOCATION
Salt Lake City Airport Capital Projects
63 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:UPS Pump Station Replacement
Project Description:
The glycol collection system is deteriorating in older portions of the airport. In new development the ability to divert low concentration surface water has been implemented to improve the efficiency of the reclamation process. This project will replace the pumps at the UPS Cargo facility pump station due to deterioration and add a diversion vault with actuators, similar to more recent installations. The actuators help manage the large volume of water that does not need treatment which is generated from the cargo ramp deicing pads.
Project Justification:
The pump station near the UPS Cargo facility is rapidly deteriorating and is in need of replacement. The surface water that is collected during inclement weather that does not need to be treated at the reclamation plant needs to be diverted to storm drain. This project replaces essential infrastructure as well as improves efficiency of the reclamation process, ultimately reducing processing costs. The pump station work needs to be completed prior to the start of the Airport's deicing season to accommodate the air cargo carriers.
Design Start Date Construction Start Date Project Completion Date
July 2023 July 2023 October 2023
Construction Cost Design, Construction Admin., & Inspection Testing Expenses Contingency Estimated Cost at Completion
$1,164,000 $178,000 $23,000 $2,000 $116,000 $1,483,000
AIP Funds PFC Funds CFC Funds GARBS Airport Funds
$1,483,000
PROJECT LOCATION
Salt Lake City Airport Capital Projects
64 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Demo Row 21 - Apron & Taxiway Reconstruction
Project Description:
This project is for site development within General Aviation Zone 3 on the eastside of Salt Lake City International Airport (SLCIA) to support future expansion. Work will include demolition of an existing row of T-hangars along with asbestos mitigation, if necessary, and site preparation consisting of taxilane pavement reconstruction and rerouting of existing water and storm drain utilities.
Project Justification:
The only remaining undeveloped land in General Aviation Zone 3 on the eastside of SLCIA currently cannot accommodate larger ADG II aircraft. This project will construct a taxilane for access to undeveloped areas at the Airport and allow for future growth.
Design Start Date Construction Start Date Project Completion Date
July 2023 October 2023 June 2024
Construction Cost Design, Construction Admin., & Inspection Testing Expenses Contingency Estimated Cost at Completion
$1,126,000 $141,000 $23,000 $210,000 $113,000 $1,613,000
AIP Funds PFC Funds CFC Funds GARBS Airport Funds
$1,613,000
PROJECT LOCATION
Salt Lake City Airport Capital Projects
65 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:SVRA Hangar Site Development - Phase I
Project Description:
This project will widen the existing taxilane north of the existing shade hangars and construct a new ramp complete with underground utilities for a proposed future site for a new T-hangar at the South Valley Regional Airport (SVRA).
Project Justification:
An existing taxilane north of the shade hangars will be widened approximately 21' to accommodate Group II aircraft to access a new 220' x 750' ramp where a future T-hangar will be constructed. New underground utilities consisting of gas, power, communication, water, storm drain, and sewer will be installed and stubbed up to within 15 feet of the future T-hangars.
Design Start Date Construction Start Date Project Completion Date
July 2023 October 2023 September 2024
Construction Cost Design, Construction Admin., & Inspection Testing Expenses Contingency Estimated Cost at Completion
$2,276,000 $216,000 $46,000 $1,000 $182,000 $2,721,000
AIP Funds PFC Funds CFC Funds GARBS Airport Funds
$2,721,000
PROJECT LOCATION
Salt Lake City Airport Capital Projects
66 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:TVY Water & Sewer Improvements
Project Description:
This project will provide water and sewer infrastructure to the Tooele Valley Airport (TVY) to support the future aerial firefighting facilities being constructed by the Bureau of Land Management (BLM). This work includes the installation of a sewer lift station, 16,500 LF of sewer line, and 16,500 LF of water line.
Project Justification:
Salt Lake City Corporation recently signed a lease agreement with the BLM which will begin construction of government facilities including a Single Engine Airtanker (SEAT) base of operations to include Air Attack, Helitack operations, retardant distribution and containment systems, and an Aviation Dispatch Center building on approximately 10 acres at TVY. Development of future hangars and facilities cannot occur until water and sewer utilities are available at TVY. The BLM is expected to begin construction of their new facility in 2023 and have an operational SEAT base by 2025. SLCDA is working on an agreement with Grantsville City to connect the water and sewer utilities.
Design Start Date Construction Start Date Project Completion Date
July 2023 April 2024 October 2024
Construction Cost Design, Construction Admin., & Inspection Testing Expenses Contingency Estimated Cost at Completion
$7,399,000 $259,000 $148,000 $500,000 $740,000 $9,046,000
AIP Funds PFC Funds CFC Funds GARBS Airport Funds
$9,046,000
PROJECT LOCATION
Salt Lake City Airport Capital Projects
67 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Electrical Vehicle Charging Stations FY24
Project Description:
Salt Lake City Department of Airports (SLCDA) has created a Master Plan for a phased installation program of Electric Vehicle Charging Stations (EVCS) and infrastructure relative to the annual purchase of electric vehicles in Utah. For the past several years, the Airport has received rebates from Rocky Mountain Power which have reimbursed up to 75% of the cost to purchase and install EVCS on the Airport campus. This year the Airport will apply for funding incentives to install infrastructure for 16 level 2 EVCS for employee parking.
Project Justification:
Salt Lake City is designated as a Serious Nonattainment Area for EPA's 24-hour standard for particulate matter PM2.5. Fine particulate matter, or PM2.5 is an air pollutant resulting from motor vehicle emissions that contribute to respiratory problems. This project will promote additional options for sustainable transportation and will reduce area emissions that contribute to fine particulate matter. The Airport is proposing to install infrastructure and purchase 16 Level 2 EVCS for the employee parking lot.
Design Start Date Construction Start Date Project Completion Date
July 2023 October 2023 September 2024
Construction Cost Design, Construction Admin., & Inspection Testing Expenses Contingency Estimated Cost at Completion
$884,000 $89,000 $2,000 $5,000 $88,000 $1,068,000
AIP Funds PFC Funds CFC Funds GARBS Airport Funds
$1,068,000
PROJECT LOCATION
Salt Lake City Airport Capital Projects
68 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:S Employee Parking Lot Development Program / Surplus Canal Relocation (Design)
Project Description:
This program will implement a series of projects over the next 5 years that will allow for the development of the Southern Open Space (Former Golf Course) into an employee parking lot as shown on the new SLCIA ALP. Phase 1 of this project will design the relocation of the surplus canal. This phase is intended to complete the design and permitting requirements set forth by the USACE. Phase 2 will be to mitigate the wetlands in the area which will allow for the new canal to be relocated. Phase 3 will be to relocate the canal to the south, parallel to the existing TRAX line. Phases 4 and 5 will then design and build the infrastructure, parking lot, roadways, and employee screening facility required to operate the South Employee Parking Lot.
Project Justification:
The Environmental Assessment (EA) currently underway requires the design of the surplus canal relocation to be completed to a 60% design level. This budget request is to complete the balance of the design and provide contract documents for bid, award, and construction administration for the FY2025 construction season.
Design Start Date Construction Start Date Project Completion Date
July 2023 July 2025 June 2028
Construction Cost Design, Construction Admin., & Inspection Testing Expenses Contingency Estimated Cost at Completion
$1,410,000 $19,000 $10,000 $120,000 $1,559,000
AIP Funds PFC Funds CFC Funds GARBS Airport Funds
$1,559,000
PROJECT LOCATION
Salt Lake City Airport Capital Projects
69 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:S Employee Parking Lot Development Program / Surplus Canal Relocation (Construction)
Project Description:
This program will implement a series of projects over the next 5 years that will allow for the development of the Southern Open Space (Former Golf Course) into an employee parking lot as shown on the new SLCIA ALP. Phase 1 of this project will design the relocation of the surplus canal. This phase is intended to complete the design and permitting requirements set forth by the USACE. Phase 2 will be to mitigate the wetlands in the area which will allow for the new canal to be relocated. Phase 3 will be to relocate the canal to the south, parallel to the existing TRAX line. Phases 4 and 5 will then design and build the infrastructure, parking lot, roadways, and employee screening facility required to operate the South Employee Parking Lot.
Project Justification:
The recently completed SLCIA master plan identified that a new employee parking lot will be needed to accommodate the forecasted increase in employee numbers at our facility. The existing South Employee Parking Lot will be reutilized to accommodate the forecasted increase in passenger parking. With passenger numbers already approaching past 2019 numbers and the airlines expecting to increase both their operations and employee numbers at SLCIA, the need to expand our parking has been accelerated. There currently is not enough parking to sustain peak days. This program will provide an immediate and long-term parking solution.
Design Start Date Construction Start Date Project Completion Date
July 2023 July 2025 June 2028
Construction Cost Design, Construction Admin., & Inspection Testing Expenses Contingency Estimated Cost at Completion
$45,185,000 $4,784,000 $904,000 $5,417,000 $4,518,000 $60,808,000
AIP Funds PFC Funds CFC Funds GARBS Airport Funds
$60,808,000
PROJECT LOCATION
Salt Lake City Airport Capital Projects
70 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:AOC Backup Generator
Project Description:
This project will provide a new 480V backup generator to support the Airport Operations Center (AOC) building users that have been affected by power outages.
Project Justification:
The Airport Operations Center (AOC) is considered a vital building where Airport Control is directed and maintained. After a number of recent power outages, the facility users requested the building service loads to be backed up by a new generator. The AOC building is currently supported from two electrical services and two emergency standby generators. Envision Engineering, one of the Airport's on-call electrical consultants, has completed a study to evaluate the AOC standby branch capacity on the south side of the building and proposed options to backup these loads for the vital functions of the AOC. The option selected was to move the entire distribution panel NDL-1A-01 to a new 480V generator to meet the demands for full backup power.
Design Start Date Construction Start Date Project Completion Date
July 2023 October 2023 December 2024
Construction Cost Design, Construction Admin., & Inspection Testing Expenses Contingency Estimated Cost at Completion
$250,000 $29,000 $5,000 $2,000 $25,000 $311,000
AIP Funds PFC Funds CFC Funds GARBS Airport Funds
$311,000
PROJECT LOCATION
Salt Lake City Airport Capital Projects
71 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Demo FAA FMP and Construct New Roadway
Project Description:
This project is for additional site development in General Aviation Zone 3 on the east side of Salt Lake City International Airport (SLCIA) to support current demand for corporate hangar development. Work will include demolition of the FAA FMP building and construction of a new hangar access road. This project includes site preparation and construction of taxilane pavement and installation of new underground utilities to a future hangar lease area. A new 475-foot wide by 30-foot long hangar access road and taxilane pavement will be constructed up to the future hangar lease line.
Project Justification:
The only remaining undeveloped land in General Aviation Zone 3 on the east side of SLCIA currently cannot accommodate larger ADG II aircraft for future hangar facility development. This project will construct infrastructure to allow for future growth.
Design Start Date Construction Start Date Project Completion Date
July 2023 October 2023 September 2024
Construction Cost Design, Construction Admin., & Inspection Testing Expenses Contingency Estimated Cost at Completion
$783,000 $75,000 $48,000 $60,000 $78,000 $1,044,000
AIP Funds PFC Funds CFC Funds GARBS Airport Funds
$1,044,000
PROJECT LOCATION
Salt Lake City Airport Capital Projects
72 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:NS1 & NS4 Switch Gear & Capacitor
Project Description:
This project will replace the Electrical Main Distribution equipment for buildings NS1 and NS4 located in North Support and provide a power factor capacitor bank for NS4 to condition the power output within this building. The work includes the purchase and installation of all new main electrical distribution equipment for the incoming high voltage Rocky Mountain Power (RMP) that feeds the main breakers and switchboards in both buildings. This also includes miscellaneous conduit, cabling, and junction box work.
Project Justification:
The NS1 and NS4 North Support buildings were constructed approximately 37 years ago and replacement parts for the original electrical equipment in these buildings is no longer available. This is due to the electrical manufacturer going out of business. Since parts are no longer available for purchase, any failure of the electrical infrastructure in either of these buildings will impact Airport Fleet Maintenance, Warehouse, and Roads and Grounds staff and equipment. Also impacted would be the CASS, Radio, and Electrical shops.
Design Start Date Construction Start Date Project Completion Date
July 2023 October 2023 December 2024
Construction Cost Design, Construction Admin., & Inspection Testing Expenses Contingency Estimated Cost at Completion
$905,000 $77,000 $7,000 $2,000 $72,000 $1,063,000
AIP Funds PFC Funds CFC Funds GARBS Airport Funds
$1,063,000
PROJECT LOCATION
Salt Lake City Airport Capital Projects
73 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:NWS Replacement Controls
Project Description:
This project will replace the existing Variable Air Volume (VAV) units that have reached the end of their useful life in the tenant area of the National Weather Service (NWS) facility. The units will be replaced with new VAV units with Direct Digital Controls (DDC).
Project Justification:
The existing VAV units are pneumatically controlled and have reached the end of their useful life and will be replaced with new units that have integrated DDC controls allowing BACKNET connections for the control and maintenance by Airport Maintenance.
Design Start Date Construction Start Date Project Completion Date
July 2023 October 2023 June 2024
Construction Cost Design, Construction Admin., & Inspection Testing Expenses Contingency Estimated Cost at Completion
$494,000 $66,000 $10,000 $5,000 $49,000 $624,000
AIP Funds PFC Funds CFC Funds GARBS Airport Funds
$624,000
PROJECT LOCATION
Salt Lake City Airport Capital Projects
74 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
The Salt Lake City Golf Division
The Golf Division operates seven full-service golf courses at six Salt Lake City locations providing quality
recreational experiences at a competitive price for Salt Lake City residents and visitors from surrounding
cities and various out of state locations. Golf Course Capital Projects are funded, primarily, from excess
revenue generated by user fees. Over the past several years, expenses have outpaced revenues and have
limited Golf’s ability to self-fund most if not all non-emergency Capital Projects. In 2012, a Golf CIP Fund
was established that allocates $1 per every 9 holes played and 9% from all annual pass sales toward
building funds that can be used exclusively for Capital Projects. Until FY 2019, these funds had not been
released for use as the fund balance was needed to provide a fund balance offset against a fund deficit.
As part of the FY22 budget proposal, the Golf Division implemented a Golf CIP Fee increase from $1 to $2
per every 9 holes played, beginning in January 2022, in order to bring more capital into the Golf CIP Fund
to increase funding from this source for additional future projects.
The Golf Division has produced excess revenue over the past 3 years and is able to begin re-investing
funds into long-overdue projects.
The Golf Division has budgeted $6,610,220 for Capital Improvement Projects in FY24. The Golf Division is
undertaking a four-year project to improve tee box hitting surfaces by re-leveling and re-sodding many of
the tee box areas at each course and have allocated $60,000 in FY24 from the Golf CIP Fund. The Golf
Division is undertaking a multi-year project to repair existing cart paths and construct some new carts
paths and has allocated $525,000 for FY24. Other significant projects include new parking lot resurfacing
at the Mountain Dell and driving range hitting facility at Glendale golf course.
As part of a multi-year plan to upgrade vital maintenance equipment at all courses, the Golf Division will
be using $424,263 in FY24 to purchase additional equipment.
Salt Lake City Golf Capital Projects
75 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Tee Box Leveling
Project Address:All 6 SLC Golf Courses
Project Description:
The Golf Division will be doing tee box leveling at all 6 courses ($60,000). Salt Lake City customer satisfaction surveys and course evaluation initiatives have shown that the biggest area of needed improvement is the condition of the tee boxes. This is an area where course labor can be utilized to perform a large portion of the work. The Golf Division proposes utilizing Golf CIP funds to pay for needed equipment and supplies. Each course will undertake a four-year plan to address tee box leveling of existing tee boxes and to begin construction of new forward tee boxes.
Proposal ID:
Department:Public Lands - Golf
Project Type:Improvement
Category: Capital
Funding Recommendations
CDCIP Board Mayor Council
Golf CIP Funds $60,000
Estimated Future Maintenance and/or Operational Expense:
Future maintenance and operational expenses for the replacement of these already existing assets are developed within the Golf’s annual operational budgets.
Salt Lake City Golf Capital Projects
76 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Pump Replacement
Project Address:Glendale
Project Description:
The Golf Division will be replacing the first of five irrigation pumps at Glendale golf course ($20,000). The replacement of these pumps will take place over a 5-year period. This is the first of 5 pumps that are nearing their life expectancy. At any time if one of these pumps goes down it will have impact on our ability to irrigate the golf course.
Proposal ID:
Department:Public Lands - Golf
Project Type:Replacement
Category: Capital
Funding Recommendations
CDCIP Board Mayor Council
Golf CIP Funds $20,000
Estimated Future Maintenance and/or Operational Expense:
Future maintenance and operational expenses for the replacement of these already existing assets are developed within the Golf’s annual operational budgets.
Salt Lake City Golf Capital Projects
77 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Maintenance Equipment
Project Address:All 6 SLC Golf Courses
Project Description:
As part of a multi-year plan to upgrade vital maintenance equipment at all courses, the Golf Division will be using $424,263 in FY24 to purchase additional used equipment (usually lease-return equipment from high-end private courses). The plan would be to purchase equipment if available such as Sprayer, Groundsmaster, Greensmaster.
Proposal ID:
Department:Public Lands - Golf
Project Type:Equipment
Category: Capital
Funding Recommendations
CDCIP Board Mayor Council
Golf Operating Fund $424,263
Estimated Future Maintenance and/or Operational Expense:
Future maintenance and operational expenses for the replacement of these already existing assets are developed within the Golf’s annual operational budgets.
Salt Lake City Golf Capital Projects
78 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Parking Lot Resurfacing
Project Address:Mountain Dell
Project Description:
The Golf Division will be resurfacing the parking lot at Mountain Dell. This improvement project is estimated to cost ($250,000). The current parking lot surface is beyond just normal sealing and patching and will require full replacement.
Proposal ID:
Department:Public Lands - Golf
Project Type:Improvement
Category: Capital
Funding Recommendations
CDCIP Board Mayor Council
Golf CIP Fund $250,000
Estimated Future Maintenance and/or Operational Expense:
Future maintenance and operational expenses for the replacement of these already existing assets are developed within the Golf’s annual operational budgets.
Salt Lake City Golf Capital Projects
79 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Property Fencing Project
Project Address:Nibley Park
Project Description:
The Golf Division will be replacing property fencing at Nibley Park golf course ($55,220). The projects consist of removal of existing damaged fencing along the northern perimeter (2700 south) and replacing it with new fencing material.
Proposal ID:
Department:Public Lands - Golf
Project Type:Improvement
Category: Capital
Funding Recommendations
CDCIP Board Mayor Council
Golf CIP Fund $55,220
Estimated Future Maintenance and/or Operational Expense:
Future maintenance and operational expenses for the replacement of these already existing assets are developed within the Golf’s annual operational budgets.
Salt Lake City Golf Capital Projects
80 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:New Construction Projects
Project Address:Glendale
Project Description:
The Golf Division will be entering into the planning phases of a new construction project at Glendale Golf Course ($1,300,000). The projects consist of a double-decker range structure and new fencing at Glendale. This project will position the Glendale driving range to take advantage of changing market conditions and will expand the range capacity and extend the use of the range by 3 to 4 additional months annually, having a significant increase in driving range revenue generation and providing an enhanced recreation opportunity for City residents and visitors.
Proposal ID:
Department:Public Lands - Golf
Project Type:Construction
Category: Capital
Funding Recommendations
CDCIP Board Mayor Council
Golf CIP Fund $1,300,000
Estimated Future Maintenance and/or Operational Expense:
Future maintenance and operational expenses for the replacement of these already existing assets are developed within the Golf’s annual operational budgets.
Salt Lake City Golf Capital Projects
81 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Irrigation Improvements
Project Address:Rose Park
Project Description:
The Golf Division will be doing irrigation improvements at Rose Park ($4,400,000). The current mainline system is as old as 65 years and is in desperate need of replacement. This project also includes a turfgrass reduction plan and some redesign of certain holes to allow for a more efficient system, utilizing fewer heads and potential water use reduction of up to 40%.
Proposal ID:
Department:Public Lands - Golf
Project Type:Improvements
Category: Capital
Funding Recommendations
CDCIP Board Mayor Council
Golf CIP Fund $4,400,000
Estimated Future Maintenance and/or Operational Expense:
Future maintenance and operational expenses for the replacement of these already existing assets are developed within the Golf’s annual operational budgets.
Salt Lake City Golf Capital Projects
82 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Cart Path Improvements
Project Address:All 6 SLC Golf Courses
Project Description:
The Golf Division will be doing cart path improvements at all 6 courses ($525,000). Well-maintained golf cart paths are critical for the overall customer experience and for helping to preserve golf course playing conditions. The existing paths are decades behind receiving proper repair and expansion. Additionally, with slight modifications, many cart paths can be used by non-golfers during the off season or other times when conditions are not ideal for golf.
Proposal ID:
Department:Public Lands - Golf
Project Type:Improvements
Category: Capital
Funding Recommendations
CDCIP Board Mayor Council
Golf CIP Fund $525,000
Estimated Future Maintenance and/or Operational Expense:
Future maintenance and operational expenses for the replacement of these already existing assets are developed within the Golf’s annual operational budgets.
Salt Lake City Golf Capital Projects
83 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
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The Salt Lake City Public Utilities
Salt Lake City Department of Public Utilities (SLCDPU) has four distinct utilities: water, sewer, storm water,
and street lighting. Each utility is operated as a separate enterprise fund. Tax money is not used to fund
these services. Funding for SLCDPU capital expenditures comes from user fees, fund reserves, revenue
bonds, and occasionally a grant or state/federal government subsidized loan. The department is utilizing
a Water Infrastructure Financing Innovation Act (WIFIA) loan to finance a portion of the water reclamation
facility construction. Customers pay for the services they receive through utility rates that have been
established for each fund. The rates were developed on a cost of service basis. Our utilities are
infrastructure intensive and administration of these assets requires long term project and financial
planning.
The SLCDPU capital budget is shown by fund with subcategory cost centers under each. In fiscal year
2024, the department has over 95 capital projects between the four funds as well as continuing work on
existing projects. Many of the capital projects in Public Utilities cover multiple fiscal years. It is common
for projects designed in one year and be constructed in subsequent years. The budget includes projects
rated as a high priority in the Department’s Capital Asset Program (CAP). The replacement of the water
reclamation facility is the largest project undertaken by SLCDPU. Other elements of our systems are also
experiencing aging problems and will require increasing attention in the future. For example, our three
water treatment plants were built in the 1950’s and early 60’s. Planning is underway for each of the three
plants to determine the best approaches for their replacement. A unique aspect of capital projects in
SLCDPU is that Federal, State, and local regulations affect many of our priorities. Adding to the complexity
are water rights and exchange agreement obligations.
Salt Lake City Public Utilities Capital Projects
85 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Water Main Replacements
Project Address:Various Locations
Project Description:
SLCDPU has over 1,300 miles of aging water pipe. Over the past 10 years, Public Utilities has replaced an average of 18,820 linear feet per year. The budget includes two major transmission line projects: 1) $5,000,000 for the continuation of a master plan project – East-West Conveyance Line – Terminal Reservoir to 300 East and 2) next phase of Upper Conduit for $3,500,000. This category also includes $6,120,000 for routine replacement of pipelines in poor condition at various locations in the system with $2,950,000 related to the Funding our Future streets bond projects. The department is continuing to develop a more robust way to identify pipeline replacement priorities and corrosion related issues within the system.
Proposal ID:
Department:Public Utilities
Project Type:
Category: Water Utility CIP Projects - Enterprise Fund
Enterprise Funds: $14,620,000
Priority: Project specific
Estimated Future Maintenance and/or Operational Expense:
Negligible
Salt Lake City Public Utilities Capital Projects
86 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Treatment Plant Improvements
Project Address:Various Locations
Project Description:
All three city-owned water treatment plants (WTPs) were built in the 1950's and early 1960's. Each plant is nearing the end of its expected life and will need to be rebuilt. The City Creek WTP will be rebuilt first based on DPU’s receipt of a FEMA BRIC grant for this project. The grant is a 70% match up to $36.6M. Work during the coming FY includes completion of design ($1.7M), start of construction ($12.5M), and continued public engagement ($290K).
The reconstruction of the Big Cottonwood WTP will be delayed until sufficient budget is available to design and construct this important project. However, construction of the Big Cottonwood Creek Pump Station ($10M this year) and associated SLA Replacement – Cottonwoods Connection pipeline ($10M this year) will begin as part of a regionalization approach that allows Big Cottonwood Creek water to be treated using available capacity of the existing Little Cottonwood WTP. This pump station and pipeline will serve as redundancy to both the Big Cottonwood WTP and the portion of the Big Cottonwood Conduit that conveys drinking water from the plant to the City’s drinking water distribution system.
This cost center also includes replacing failing components as they wear out as part of annual budget ($2M) to ensure regulatory compliance until larger projects can be funded. Finally, the budget for capital project support of $1.65M includes contracted project management support necessary for delivery of these important projects.
Proposal ID:
Department:Public Utilities
Project Type:
Category: Water Utility CIP Projects - Enterprise Fund
Enterprise Funds: $38,340,000
Priority: Project specific
Estimated Future Maintenance and/or Operational Expense:
Estimated operational increase of $2.2M per/year.
Salt Lake City Public Utilities Capital Projects
87 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Deep Pump Wells
Project Address:Various Locations
Project Description:
The Department would like to bring more wells online to help supplement water supplies, first starting with inactive wells. One of these inactive wells is the budgeted 1500 East Well. This well and other inactive wells are being evaluated for future use and repair or rehabilitation, as required to bring wells to current codes and Division of Drinking Water standards.
Proposal ID:
Department:Public Utilities
Project Type:
Category: Water Utility CIP Projects - Enterprise Fund
Enterprise Funds: $100,000
Priority: Project specific
Estimated Future Maintenance and/or Operational Expense:
Negligible
Salt Lake City Public Utilities Capital Projects
88 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Meter Change-Out Program
Project Address:Various Locations
Project Description:
The budget includes the continuation of the small meter change out program piloted in 2015 and initiated in 2018. Metering water consumption by customers is the source of our revenue. Approximately 51,100, or 63%, of the system’s water meters have been replaced with advanced metering infrastructure (AMI) read meters. With optimal conditions, 10,000 to 12,000 meters per year can be replaced. Supply chain issues have created delays thus replacement is planned at 8,000 meters per year. The plan is to complete the residential AMI meter change out program in the next 4 to 4 ½ years. AMI technology provides hourly usage information instead of relying on monthly data. An online portal provides our customers with information to better manage their water usage and alerts to the status of their water service. Better information will assist us in water conservation efforts.
Proposal ID:
Department:Public Utilities
Project Type:
Category: Water Utility CIP Projects - Enterprise Fund
Enterprise Funds: $2,500,000
Priority: Ongoing program
Estimated Future Maintenance and/or Operational Expense:
Negligible
Salt Lake City Public Utilities Capital Projects
89 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Water Service Connections
Project Address:Various Locations
Project Description:
Water service extends beyond the corporate boundaries of Salt Lake City. Approximately 37% of our service connections are in this outlying area. Repair and replacement of these connections are part of an ongoing program. The components of this program are service line replacements, new connections, and small and large meter maintenance and replacement. Public Utilities is determining the best way to implement the EPA’s Lead and Copper Rule Revision (LCRR) including developing inventories, sampling plans, public outreach, and lateral service line replacements. The plan will include resources, personnel, and capital needs. Budget associated with the LCRR includes $500,000 to support pothole work associated with inventory development and service line material identification.
Proposal ID:
Department:Public Utilities
Project Type:
Category: Water Utility CIP Projects - Enterprise Fund
Enterprise Funds: $3,450,000
Priority: Project/need specific
Estimated Future Maintenance and/or Operational Expense:
Estimated operational increase of $100,000 per year associated LCRR line replacement and temporary filters.
Salt Lake City Public Utilities Capital Projects
90 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Storage Reservoirs
Project Address:Various Locations
Project Description:
SLCDPU owns and operates six raw water reservoirs that store snow run-off. SLCDPU operates Little Dell Dam, for the Metropolitan Water District of Salt Lake and Sandy with a capital improvement budget of $400,000 for controls replacements. Little Dell and 5 of SLCDPU’s reservoirs are used to store water that is treated for drinking water. All seven of the reservoirs are a contingent way for the Department to meet exchange agreements for secondary water. Three of the reservoirs are used by ski areas for snowmaking. The raw water storage reservoir at Mountain Dell has a $6,040,000 proposed budget for outlet replacement, upstream waterproofing, and land restoration work. SLCDPU has received a 30% matching funds, grant of $265,000 in December of 2022 for engineering and planning for Lake Mary Dam’s restoration.
Proposal ID:
Department:Public Utilities
Project Type:
Category: Water Utility CIP Projects - Enterprise Fund
Enterprise Funds: $6,690,000
Priority: Project specific
Estimated Future Maintenance and/or Operational Expense:
Negligible
Salt Lake City Public Utilities Capital Projects
91 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Pumping Plants & Pump Houses
Project Address:Various Locations
Project Description:
As a result of its size and topography, the water distribution system consists of more than 50 different pressure zones. Pump stations are often connections between pressure zones, pumping treated water from one zone to another. The utility has over thirty pump stations with many still needing back-up power or generators for system resiliency. Planned projects for this fiscal year are the Arlington Hills Pump Station Full Backup Power project, $700,000, and the University Pump Station Piping Replacement and Equipment Upgrades project, $200,000.
Proposal ID:
Department:Public Utilities
Project Type:
Category: Water Utility CIP Projects - Enterprise Fund
Enterprise Funds: $900,000
Priority: Project specific
Estimated Future Maintenance and/or Operational Expense:
Negligible
Salt Lake City Public Utilities Capital Projects
92 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Culverts, Flumes & Bridges
Project Address:Various Locations
Project Description:
These secondary water conveyance systems are critical to maintaining our water exchange agreements. Planned projects within this category are the flume from Double Barrels to the railroad tracks for $2,200,000 and the JSL Canal Enclosure at Millcreek for $2,000,000. These projects are intended to support the long-term resiliency and reliability of systems that are critical to maintaining water deliveries.
Proposal ID:
Department:Public Utilities
Project Type:
Category: Water Utility CIP Projects - Enterprise Fund
Enterprise Funds: $4,200,000
Priority: Project specific
Estimated Future Maintenance and/or Operational Expense:
Negligible
Salt Lake City Public Utilities Capital Projects
93 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Distribution Reservoirs (Tanks)
Project Address:Various Locations
Project Description:
SLCDPU has over 100,000,000 gallons of finished water storage in 22 tanks and reservoirs. These components require on-going inspection and maintenance. The location and elevation of these facilities is critical to the operation of the water distribution system. The budget includes $1,850,000 dedicated to maintenance and repair of both the 15th East Reservoir and Park Reservoir structures. Other projects include slope stabilization efforts at the Canyon Cove Upper Tank, $50,000, and drainage upgrades at the Capitol Hills Tanks site, $400,000.
Proposal ID:
Department:Public Utilities
Project Type:
Category: Water Utility CIP Projects - Enterprise Fund
Enterprise Funds: $2,300,000
Priority: Project specific
Estimated Future Maintenance and/or Operational Expense:
Negligible
Salt Lake City Public Utilities Capital Projects
94 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Maintenance & Repair Shops (Water Utility)
Project Address:Various Locations
Project Description:
SLCDPU is evaluating properties for future use by the department. The budgeted $400,000 is to evaluate the feasibility of expanding the SLCDPU campus at the existing location or relocating the SLCDPU campus to meet existing needs and address safety concerns. This evaluation will consider the cost benefit of campus improvements and will assess the department’s ability to mitigate financial impacts by leveraging existing assets.
Proposal ID:
Department:Public Utilities
Project Type:
Category: Water Utility CIP Projects - Enterprise Fund
Enterprise Funds: $400,000
Priority: Project specific
Estimated Future Maintenance and/or Operational Expense:
Negligible, long term operational costs to be evaluated with feasibility assessments through design.
Salt Lake City Public Utilities Capital Projects
95 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Treatment Plants
Project Address:1365 West 2300 North
Project Description:
The largest budgeted item in this category is for the construction of a new water reclamation facility. The $210,499,773 estimate represents the continuation of a multi-year project and includes design, construction, and program management. Existing plant improvement projects include Capital Asset Rehabilitation and Upgrades for $1,300,000, digester rehabilitation and cogeneration projects for $210,000 and $250,000 respectively. These existing plant improvements are critical to maintaining existing operations while the new water reclamation facility is commissioned.
Proposal ID:
Department:Public Utilities
Project Type:
Category: Sewer Utility CIP Projects - Enterprise Fund
Enterprise Funds: $212,259,773
Priority: Project specific
Estimated Future Maintenance and/or Operational Expense:
Temporary dewatering will continue to have an operational impact in FY24 for chemical costs. The annual operational cost of wastewater treatment is anticipated to increase by $2M to $4M for power and chemical costs when the construction of the new water reclamation facility is complete and operational. This estimate will be refined as construction progresses.
Salt Lake City Public Utilities Capital Projects
96 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Collection Lines
Project Address:Various Locations
Project Description:
SLCDPU has over 667 miles of aging sewer collections pipelines. Proposed budget within this category includes pipe renewal & replacement projects, City/County/State driven projects, and master plan projects. Master plan projects are the largest budgeted item in this category and total $23,955,000. This includes $1,500,000 for the 1800 North Sewer Realignment Phase 2; $6,000,000 for 1800 North Sewer Realignment Phase 3; $12,000,000 for 2100 S Upsizing Project; and $250,000 for South Temple Upsizing Project. Master plan projects identified within this category support system condition improvements and growth related capacity constraints. Pipe renewal & replacement projects are budgeted for $2,155,000 and consist of Emergency Operations Support, 2100 S Sewer Rehab (600 E/400 E), and other small improvement projects intended to improve system operations and reliability. The budget includes $1,650,000 for capital project support, program management, and emergency projects. Project budgets to support City, County and State driven projects are estimated at $400,000 which includes Misc. Public Services Projects and the 700 N Sewer Rehabilitation design, which is to be completed in advance of the planned roadway improvements.
Proposal ID:
Department:Public Utilities
Project Type:
Category: Sewer Utility CIP Projects - Enterprise Fund
Enterprise Funds: $23,955,000
Priority: Project Specific
Estimated Future Maintenance and/or Operational Expense:
Negligible
Salt Lake City Public Utilities Capital Projects
97 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Lift Stations
Project Address:Various Locations
Project Description:
The Proposed lift station renewal and replacement program anticipates two projects for FY 2023/2024. The first of these projects includes the 5300 West Lift Station capacity improvements budgeted for $2,500,000. This project is intended to support growth within the International Center and surrounding inland port development area. The Industrial Lift Station Improvements budgeted for $250,000 are intended to improve the existing lift station operating conditions and to mitigate sanitary sewer overflows that have been experienced over the past several years.
Proposal ID:
Department:Public Utilities
Project Type:
Category: Sewer Utility CIP Projects - Enterprise Fund
Enterprise Funds: $2,750,000
Priority: Project specific
Estimated Future Maintenance and/or Operational Expense:
Negligible
Salt Lake City Public Utilities Capital Projects
98 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Maintenance & Repair Shops (Sewer Utility)
Project Address:Various Locations
Project Description:
SLCDPU is evaluating properties for future use by the department. The budgeted $350,000 is to evaluate the feasibility of expanding the SLCDPU campus at the existing location or relocating the SLCDPU campus to meet existing needs and address safety concerns. This evaluation will consider the cost benefit of campus improvements and will assess the department’s ability to mitigate financial impacts by leveraging existing assets.
Proposal ID:
Department:Public Utilities
Project Type:
Category: Sewer Utility CIP Projects - Enterprise Fund
Enterprise Funds: $350,000
Priority: Project specific
Estimated Future Maintenance and/or Operational Expense:
Negligible, long term operational costs to be evaluated with feasibility assessments through design.
Salt Lake City Public Utilities Capital Projects
99 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Storm Drain Lines
Project Address:Various Locations
Project Description:
The largest item in this category is $5,730,000 for projects supporting City, County, and State driven projects, including $4,430,000 in work supporting Funding our Future streets bond projects. Other projects in this category total $1,300,000 for various collection lines and public utility defined projects to include Highland Drive storm drain improvements, northwest drain bypass to Jordan River improvements, and Emigration Creek at 1700 South improvements. Other local area projects to be completed by city crews at various locations are budgeted to be $500,000.
Proposal ID:
Department:Public Utilities
Project Type:
Category: Storm Water Utility CIP Projects - Enterprise Fund
Enterprise Funds: $6,230,000
Priority: Project specific
Estimated Future Maintenance and/or Operational Expense:
Negligible
Salt Lake City Public Utilities Capital Projects
100 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Riparian Corridor Improvements
Project Address:Various Locations
Project Description:
The planned riparian project for FY 2023/2024 is Emigration Creek – 1700 S Outlet Protection. Riparian vegetation will be restored and a wingwall and apron will be installed to reduce erosion in Emigration Creek. This work will accompany the rehabilitation of the 1700 S culvert which conveys Emigration Creek through the roadway.
Proposal ID:
Department:Public Utilities
Project Type:
Category: Storm Water Utility CIP Projects - Enterprise Fund
Enterprise Funds: $250,000
Priority: Project specific
Estimated Future Maintenance and/or Operational Expense:
Negligible
Salt Lake City Public Utilities Capital Projects
101 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Landscaping
Project Address:Various Locations
Project Description:
The landscaping budget includes $50,000 for the Northwest Oil Drain canal remediation. This budget is to reserve funding for cleanup and closeout on the remediated portions of the Northwest Drain.
Proposal ID:
Department:Public Utilities
Project Type:
Category: Storm Water Utility CIP Projects - Enterprise Fund
Enterprise Funds: $50,000
Priority: Project specific
Estimated Future Maintenance and/or Operational Expense:
Negligible
Salt Lake City Public Utilities Capital Projects
102 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Storm Water Lift Stations
Project Address:Various Locations
Project Description:
Storm water lift station work includes the design of a storm water lift station in Swede Town budgeted for $200,000. This will provide improved drainage services in Swede Town and surrounding area east of the railroad. The Northwest Drain Lift Station Reconstruction is intended to increase capacity of the Northwest Drain and is budgeted for design in the amount of $450,000.
Proposal ID:
Department:Public Utilities
Project Type:
Category: Storm Water Utility CIP Projects - Enterprise Fund
Enterprise Funds: $650,000
Priority: Project Specific
Estimated Future Maintenance and/or Operational Expense:
Negligible
Salt Lake City Public Utilities Capital Projects
103 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Detention Basins
Project Address:Various Locations
Project Description:
Detention Basins work includes the continuation of the design of the Granary District Floodplain Mitigation and Re-Mapping Project. This project will design detention basins to be installed within the city to reduce the Granary Floodplain. The Granary District Floodplain Mitigation and Re-mapping is budgeted for $365,000.
Proposal ID:
Department:Public Utilities
Project Type:
Category: Storm Water Utility CIP Projects - Enterprise Fund
Enterprise Funds: $365,000
Priority: Project Specific
Estimated Future Maintenance and/or Operational Expense:
Negligible
Salt Lake City Public Utilities Capital Projects
104 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:Street Lighting Projects
Project Address:Various Locations
Project Description:
Planned projects for FY 2023/2024 are $2,240,000 to upgrade to high efficiency lighting and other system improvements on arterial streets, collector streets, and in neighborhoods. This includes budget to hire a contractor to perform inspections on new street lighting facilities, consultant support to develop an Implementation Plan for new Master Plan related projects, and budget for improvements for base level lighting services and three enhanced lighting groups. The master plan determines and guides best practices for upgrades and new lights.
Proposal ID:
Department:Public Utilities
Project Type:
Category: Street Lighting Utility CIP Projects - Enterprise Funds
Enterprise Funds: $2,240,000
Priority: Ongoing program
Estimated Future Maintenance and/or Operational Expense:
Reduce electricity costs.Replacing aging poles and wiring throughout the city.Continued research on Smart City and Lighting Control Technology.
Salt Lake City Public Utilities Capital Projects
105 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
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Salt Lake City Redevelopment Agency
The Redevelopment Agency of Salt Lake City (RDA) strengthens neighborhoods and commercial districts
to improve livability, create economic opportunity and foster authentic, equitable communities. The RDA
utilizes a powerful set of financial and planning tools to support strategic development projects that
enhance the City’s housing opportunities, commercial vitality, public spaces, and environmental
sustainability. The RDA’s primary source of funds for the projects include property tax increment and
program income revenue, depending on the specific budget account.
The RDA often participates with Salt Lake City in the redevelopment or construction of city owned
infrastructure projects. As part of the RDA Budget Policy, Capital Projects are defined as any project that
anticipates multi-year funding. The allocation of funds for these projects is part of the budget approval
process and is typically contingent on the RDA Board authorizing appropriation once the specific projects
costs and details are known. Depending on the project, the timeline for this process may not follow the
City’s CIP schedule or requirements for approval.
The RDA fiscal year 2024 budget process proposes one potential City infrastructure project. The City
Creek daylighting design plan explores bringing a portion of City Creek that currently runs in a culvert
underground up to the surface just north of the Folsom Trail from 800 West to 1000 West. The project
goals include increasing access to nature, improving water quality and mitigating surface flooding. This
$50,000 funding request will produce final construction drawings which will be used for project
implementation. Landscaping improvements and other pedestrian amenities will also be recommended
as a part of the design plan to activate the trail and create a welcoming centerpiece for the westside
community. The total cost for implementation is estimated to be between $15,000,000 and $20,000,000.
Salt Lake City RDA Capital Projects
107 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
Project Title:City Creek Daylighting
Project Address:Folsom Corridor – North Temple Project Area
Project Description:
Appropriation of funds to support a design plan to daylight (bring to the surface) a portion of City Creek that runs north of the Folsom Trail from 800 West to 1000 West. Project goals include increasing access to nature, improving water quality and mitigating surface flooding. This funding request will produce final construction drawings which will be used for project implementation. Landscaping improvements and other pedestrian amenities will also be recommended as a part of the design plan to activate the trail and create a welcoming centerpiece for the westside community. The total cost for implementation is estimated to be between $15,000,000 and $20,000,000.
Proposal ID:
Department:RDA
Project Type:
Category:
Funding Recommendations
CDCIP Board Mayor Council
General Fund $50,000
Estimated Future Maintenance and/or Operational Expense:
Impact will be determined on a case-by-case basis, but it’s anticipated that City Parks and Public Utilities will maintain the creek and associated amenities.
Salt Lake City RDA Capital Projects
108 Mayor’s Recommended Capital Improvement Program Budget FISCAL YEAR 2023-24
#Application Title CDCIP
Board
Council
District
Requested
Funding
Recommended
Funding
Social Vulnerability
Index
Sustainability
10 is Highest
PNUT Board
1 is Highest
Pavement
Condition
1 Library Plaza Structural Assessment and Visioning 104 4 $ 190,000 $ 190,000
Moderate-Low
Vulnerability NA Internal #7 Serious
2 Safer Crossings: Main St., Glendale Park, and Citywide 103.29 Citywide $ 900,000 $ 900,000 Highest Vulnerability 5 Satisfactory
3 200 East ADA and Sidewalk Improvements 103.14 5 $ 234,000 $ 234,000
Moderate-Low
Vulnerability 6 Failed
4 Transit Capital for Frequent Transit Routes / Operational Investments 101.86 Citywide $ 1,500,000 $ 1,100,000 Citywide (N/A)6 N/A
5 Complete Streets Program: 2100 South, Virginia St., and Citywide 100.71 Citywide $ 6,600,000 $ 3,293,000 Citywide (N/A)7 Failed
6 Public Way Concrete 2023/2024 100 Citywide $ 750,000 $ 750,000 Citywide (N/A)2 Ranges from Poor to
Failed
7 Livable Streets Implementation 99.14 Citywide $ 2,500,000 $ 1,350,000 Citywide (N/A)5 N/A
8 Neighborhood Byways 98 Citywide $ 800,000 $ 800,000 Highest Vulnerability 7 N/A
9 Complete Streets Reconstruction 2023/2024 97 Citywide $ 4,500,000 $ 4,500,000 Citywide (N/A)2 Serious/Failed
10 Poplar Grove Park Full Court Basketball Expansion 96.86 2 $ 507,000 $ 507,000 Highest Vulnerability 1 Constituent #8 Fair
11 Jordan Park and Peace Gardens Cultural Landscape Report and Master Plan 96 2 $ 200,000 $- Moderate-High
Vulnerability NA Internal #5 N/A
12 Cottonwood Park Trailhead and Parklet 95.57 1 $ 850,000 $ 850,000 Highest Vulnerability NA Internal #4 Failed
13 Three Creeks West - Roadways Addendum 95.29 2 $ 850,000 $- Moderate-High
Vulnerability 1 Serious
14 Complete Streets Overlay 2023/2024 95.29 Citywide $ 3,500,000 $ 1,250,000 Citywide (N/A)2 Serious/Failed
15 Urban Trails: The Other Side Village & the 9-Line Trail 94 Citywide $ 1,700,000 $ 1,700,000 Highest Vulnerability 5 N/A
16 Rose Park and Jordan River Recreation Hub 93.86 1 $ 495,000 $- Highest Vulnerability NA Internal #9 N/A
17 Citywide Park Restroom Planning Study/Fairmont Restroom Conceptual Design 93.43 Citywide $ 75,000 $- Lowest Vulnerability 1 Constituent #4 Poor
18 Madsen Park Improvements 93 2 $ 500,000 $- Highest Vulnerability 5 Constituent #3 Fair
19 Fire Station No. 7 Tennis and Pickleball Court Restoration and Amenities 92.57 1 $ 855,000 $ 855,000 Highest Vulnerability NA Internal #1 Failed
20 337 Park Development 92.29 4 $ 550,000 $ 550,000
Moderate-High
Vulnerability NA Internal #8 N/A
21 Rose Park Lane Beautification, Trail, and Safety Improvements 92 1 $ 840,000 $- Moderate-High
Vulnerability 4 Constituent #6 Failed
Attachment 4 - FY2024 Simplified Capital Improvement Program (CIP) Funding Log by CDCIP Advisory Board Scores
Page 1
#Application Title CDCIP
Board
Council
District
Requested
Funding
Recommended
Funding
Social Vulnerability
Index
Sustainability
10 is Highest
PNUT Board
1 is Highest
Pavement
Condition
22 Richmond Park Community Playground 92 4 $ 530,000 $ - Moderate-Low
Vulnerability NA Internal #10 Serious
23 Rose Park Lane Open Space and Trail Connection Study 91.14 1 $ 140,000 $ - Moderate-High
Vulnerability NA not ranked Very Poor
24 Jefferson Park Improvements 90.86 5 $ 530,000 $ 530,000 Highest Vulnerability 5 Constituent #2 Very Poor
25 Parks Bilingual Signage Installation 89.86 Citywide $ 414,000 $ 414,000 Citywide (N/A)NA Internal #6 N/A
26 Fairpark Traffic Circle Construction Phase 89.57 1 $ 497,000 $ 497,000 Highest Vulnerability 4 Satisfactory
27 North Temple Arts and Tourism District Improvements 89.14 2 $ 495,111 $ - Highest Vulnerability 5 Fair
28 Alleyway Improvements 2023/2024 87 Citywide $ 250,000 $ 250,000 Citywide (N/A)NA Serious/Failed
29 Fire Station #1 Apparatus Bay Extension 86.57 4 $ 1,148,771 $ 1,148,771 Moderate-High
Vulnerability NA N/A
30 Facilities Asset Renewal Plan FY24 85.57 Citywide $ 1,700,000 $ 1,700,000 Citywide (N/A)7 Ranges from Poor to
Failed
31 Mill and Overlay Maintenance Pilot Program 84 Citywide $ 750,000 $ 750,000 Citywide (N/A)1 N/A
32 Sugar House Safe Side Streets Part 2 83.14 7 $ 150,000 $ - Moderate-Low
Vulnerability 3 N/A
33 Historic Restorations, Replacements, Conservation Work at International Peace Gardens 82.86 2 $ 325,000 $ 325,000 Moderate-High
Vulnerability NA Constituent #1 Poor
34 Fred and Ila Rose Wetland Preserve Improvements 82.29 2 $ 361,073 $ - Highest Vulnerability NA Constituent #9 Satisfactory/Poor
35 75-Year-Old Traffic Signal Replacement 80.14 4 $ 400,000 $ 400,000 Moderate-Low
Vulnerability NA Failed
36 Park Strip, Median, Park Irrigation/Water Reduction Strategy and Implementation 80 Citywide $ 500,000 $ - Citywide (N/A)7 Internal #3 N/A
37 Liberty and Jordan Parks Greenhouses - Revisioned 78.57 Citywide $ 242,823 $ - Moderate-High
Vulnerability 5 Constituent #7 Fair/Poor
38 First Encampment Park 77 5 $ 125,500 $ - Moderate-Low
Vulnerability 1 Satisfactory
39 Indiana Avenue Area - Transit & Trail Connections 76.57 2 $ 162,500 $ - Moderate-High
Vulnerability 6 N/A
40 Multimodal Capital Maintenance 76.43 Citywide $ 200,000 $ - Citywide (N/A)5 Ranges from Poor to
Failed
41 700 South (Phase 7, 4600 West to 5000 West) Additional Funding 72.29 2 $ 4,000,000 $ - Moderate-High
Vulnerability 2 Failed
42 800 S 1000 E Crosswalk Upgrade 70.43 5 $ 336,500 $ - Moderate-Low
Vulnerability 4 Very Poor
Attachment 4 - FY2024 Simplified Capital Improvement Program (CIP) Funding Log by CDCIP Advisory Board Scores
Page 2
#Application Title CDCIP
Board
Council
District
Requested
Funding
Recommended
Funding
Social Vulnerability
Index
Sustainability
10 is Highest
PNUT Board
1 is Highest
Pavement
Condition
43 Central 9th Streetscape Improvements 70.43 5 $ 85,000 $ - Highest Vulnerability 2 N/A
44 Sugar House Community Map Project 68.71 7 $ 93,400 $ - Lowest Vulnerability 3 Very Poor/NA
45 Phase I: Plaza 349 Life Safety, Security, and HVAC Upgrades 68.57 4 $ 2,000,000 $ - Citywide (N/A)7 Ranges from Poor to
Failed
46 Implementation of Safety Enhancements West Side Foothill Drive 67.86 6 $ 494,126 $ - Lowest Vulnerability 4 N/A
47 Reimagining 4th & 4th (4th West & 4th South) 65.57 3 $ 100,000 $ - Moderate-Low
Vulnerability 4 Satisfactory
48 11th Ave Park Pavilion, Trees, and Benches 64 3 $ 533,165 $ - Lowest Vulnerability NA Internal #2 N/A
49 New Liberty Park Crosswalks and Trails 60.14 5 $ 262,000 $ - Moderate-High
Vulnerability 4 Constituent #5 N/A
50 Sunnyside and Arapeen Signal & Safety Improvements 60 6 $ 450,000 $ - Moderate-High
Vulnerability 2 Failed
51 Wasatch Hollow Park: Engagement, Planning & Restoration 56 6 $ 500,000 $ - Lowest Vulnerability 2 Constituent #10 Fair
52 Hansen Ave - West Entrance/Exit 53.14 5 $ 470,703 $ - Highest Vulnerability 2 N/A
53 Nevada Street Reconstruction 52.71 6 $ 479,000 $ - Lowest Vulnerability 2 Serious
54 Sunnyside Pickleball Courts 49.29 6 $ 500,000 $ - Moderate-High
Vulnerability NA N/A
55 1200 E Curb/Gutter/Sidewalk 48 7 $ 351,000 $ - Lowest Vulnerability 1 Serious
56 Salt Lake City Pétanque 44.57 1 $ 500,000 $ - Moderate-High
Vulnerability NA N/A
57 Ensign Peak Nature Park Improvements 43.43 3 $ 210,000 $ - Lowest Vulnerability NA Poor
58 11th Avenue Park Pickleball Expansion 40.57 3 $ 502,500 $ - Lowest Vulnerability NA N/A
59 Westside Art Project N/A 1, 2,
and/or 3 $ 150,000 $ 150,000 TBD NA N/A
Attachment 4 - FY2024 Simplified Capital Improvement Program (CIP) Funding Log by CDCIP Advisory Board Scores
Page 3
Overview of Capital Improvement Program (CIP) Major Funding Sources
General Fund Dollars
(Most flexible funding source; can be spent on any project)
These are the City’s most flexible unrestricted funds available to be spent on any CIP project. The Council
transfers a portion of General Fund revenues into the CIP Fund as part of each annual budget in June.
The City collects a variety of revenue sources that all go into the General Fund such as property taxes,
sales taxes, franchise taxes, building permits and license fees, and many others. A Council audit identified
9% of ongoing General Fund revenues as an ideal funding level to help ensure the City keeps up with
capital investment needs. The City reached that 9% funding level in FY2023. In the prior two decades the
City’s annual General Fund transfer into the CIP Fund averaged closer to 7%.
Funding Our Future 0.5% Local Salt Lake City Option Sales Tax
(Critical need categories: housing, public transit, streets, and public safety; a fifth category of parks
maintenance was added in FY2023)
The 0.5% sales tax increase was authorized by the Legislature only for the capital city as part of the
State prison relocation from Draper. The City’s local option sales tax was increased as part of the
FY2019 annual budget and was branded “Funding Our Future” along with a Streets Reconstruction
Bond approved by voters (all those bond funds have now been budgeted). Prior to enacting the sales
tax increase the City conducted impact research, public hearings, open houses, workshops, letters,
online information, and other extensive outreach. The funds from the sales tax are limited to the
critical need categories as determined by the Council. The definition of the critical need categories
has evolved over the times such as expanding public safety from only police to also include 911
dispatch, fire, medical, and social workers. The number of categories was originally four and a fifth
category, parks maintenance, was added in FY2023. There is no legal limitation to the categories
which are subject to the Council’s annual appropriation process and subject to change.
Class C Funds
(State gas tax)
Class C funds are generated by the Utah State Tax on gasoline. The state distributes these funds to local
governments on a center lane mileage basis. The City’s longstanding practice has been to appropriate
Class C funds for the general purpose of street reconstruction and asphalt overlays. The Roadway
Selection Committee selects specific street segment locations as recorded in the Engineering Division’s Six
Year Pavement Plan which is regularly updated. Note that there is overlap in eligible uses between this
funding source and the County Quarter Cent Sales Tax for Transportation and Streets Funding.
Per state law, Class C funds may be used for:
1. All construction and maintenance on eligible Class B & C roads
2. Enhancement of traffic and pedestrian safety, including, but not limited to: sidewalks, curb and
gutter, safety features, traffic signals, traffic signs, street lighting and construction of bicycle
facilities in the highway right-of-way
3. Investments for interest purposes (interest to be kept in fund)
4. Equipment purchases or equipment leases and rentals
5. Engineering and administration costs
6. Future reimbursement of other funds for large construction projects
7. Rights of way acquisition, fencing and cattle guards
8. Matching federal funds
9. Equipment purchased with B & C funds may be leased from the road department to another
department or agency
10. Construction of road maintenance buildings, storage sheds, and yards. Multiple use facilities
may be constructed by mixing funds on a proportional basis
11. Construction and maintenance of alleys
12. B & C funds can be used to pay the costs of asserting, defending, or litigating
13. Pavement portion of a bridge (non-road portions such as underlying bridge structure are not
eligible)
County Quarter Center (0.25%) Sales Tax
(Limited to transportation and streets eligible uses per state law)
The County fourth quarter-cent transportation funding is an ongoing sales tax funding source dedicated
to transportation and streets. The City has taken a progressive view of transportation beyond a vehicle-
focused perspective and uses a multi-modal, more inclusive approach (walking, biking, public transit,
accessibility and ADA, ride-share, trails, safety, scooters, etc.). The Wasatch Front Regional Council
summarized eligible uses for this funding as “developing new roads or enhancing (e.g., widening) existing
roads; funding active transportation, including bike and pedestrian projects; or funding transit
enhancements. It can also be used for maintenance and upkeep of existing facilities.” (SB136 of 2018
Fourth Quarter Cent Local Option Sales Tax Summary June 22, 2018). Revenue from the 0.25% sales tax
increase is split 0.10% for the Utah Transit Authority or UTA, 0.10% for cities and 0.05% for Salt Lake
County as of July 1, 2019 and afterwards. Note that there is overlap in eligible uses between this funding
source and Class C funds.
Impact Fee Eligibility
(Four types: fire, parks, police, and transportation / streets)
Impact fees are one-time charges imposed by the City on new development projects to help fund the cost
of providing infrastructure and services to that new development. This is part of the City’s policy that
growth should pay for growth. A project, or portion of a project, must be deemed necessary to ensure the
level of service provided can continue with the additional impacts of the new developments (such as
serving more residents or workers). As a result, it’s common for a project to only be partially eligible for
impact fee funding (the growth-related portion) so other funding sources must be found to cover the
difference. It is important to note that per state law, the City has six years from the date of collection to
spend or encumber under a contract the impact fee revenue. After six years, if those fees are not
encumbered or spent then the fees are returned to the developer with interest.
General Impact Fee Guidelines:
1. Impact fees are to be used to keep a current level of service for new growth to a City.
2. Cannot be used to cure deficiencies serving existing development.
3. May not raise the established level of service in existing development.
4. Cannot include an expense for overhead, such as any cost for staff/administration, operation, and
maintenance.
5. Impact fees can only be used to pay for the portion of the project directly attributable to growth
(it’s uncommon for projects to be 100% eligible for impact fees).
6. Must be incurred or encumbered within 6 years from the date they are collected, or they shall be
returned to the developer with interest payments per state law.
7. Must use an adopted Impact Fees Facilities Plan to determine the public facilities needed to serve
new growth and set fees costs by development type.
8. Repair and replacement projects are not growth related.
9. Upgrade projects are not growth related.
10. Repair, replacement, or upgrades can be included as part of a mixed project where the scope will
create increased capacity to serve projected growth.
11. Impact fees must be spent in the same geographic boundary (service area) in which they are
collected. The City’s Impact Fee Facilities Plan designates the entire city as the service area. The
Transportation section was updated in 2020. The other three sections were adopted in 2016.
Funding
Source
Cost
Center Description Remaining
Appropriation Complete?If Not Complete, Status?
8319062 Deteriorated or Missing Concre $209.89
Total $209.89
8314031 Driver Feedback Signs $86,320.00
8317032 Bridge Maintenance Program $21,518.62
8317036 Street Improvements: Reconstru $2,219.83
8317359 Gladiola to Indiana 900S Seq C $112,657.56
8318023 Gladiola 900 S Imp $38,047.09
8319504 Street Reconstruct 1500S/2700S $8,281.62
8320501 Streets Reconstruction 20 $1,497.88
8320502 Street Overlay 20 $99,454.82
8320503 Traffic Signal Upgrades 20 $0.74
Total $369,998.16
8300800 ESCO Steiner - County Ongoing $439,527.00
8317076 SLVSWMF Projects $132,043.12
8319705 ZAP Oak Tennis Pro $4,721.20
8319710 Trans Choice 9 Line $62,203.69
8319720 Millcreek Sugarhouse County $27,021.29
8320070 FY20 Landfill Monitoring $207,402.00
Total $872,918.30
8314094 West Salt Lake Master Plan Imp $8,598.00
8314104 Genesee Trailhead Acquistion $234,427.36
8314105 Fisher Mansion Carriage House $12,039.79
8315083 Wakara Way/Arapeen Dr Donation $35,565.72
8317064 Jordan River Trail – Union P $500,000.00
8321800 Community Nutrition Hub $75,462.02
8322633 200 South Dominion Donation $300,000.00
8323401 Backman Community Donation $20,000.00
8600071 Smith Ballfield Naming Rights $374,908.15
8619621 Transportation Safety Improvem $630.25
Total $1,561,631.29
8315015 Fire Station #14 furnishings $6,265.96
8315027 Bikeway - Close the gap $25,335.87
8316046 1300 S Bicycle Bypass (pedestr $103,181.93
8316070 Warm Springs Park, 840 N 300 W $13,194.60
8317025 500/700 S Reconstruction $476,232.86
8317029 Bus Stop Enhancements $16,990.39
8317043 Parks and Public Lands Compreh $7,343.15
8317049 UTA TIGER GRANT MATCH $21,634.16
8317055 Capital Facilities Plan $4,928.32
8318028 Bridge Maintenance $76,503.76
8318044 East West Connections Study $970.74
8318045 Bikeways Urban Trails $57,732.81
8318047 Rose Park Pedestrian Byway $24,336.20
8318048 Miller Park ADA access $364,735.10
8318049 Jordan R. Flood Control $4,432.91
8318053 Parks and Rec HVAC $9,900.00
8318084 PROPERTY MANAGEMENT - CIP $110,104.00
8319085 Cost overrun $56,027.29
8319301 Delong & Parks Yard Improvemen $20,915.09
8319401 Glendale Park Playground Path $43,476.17
8319403 RAC Shade Structure and Playgr $1,428.58
CDBG
Class C
County
Donations
Funding
Source
Cost
Center Description Remaining
Appropriation Complete?If Not Complete, Status?
8319405 Rose Park Multiloop Trail $148,007.23
8319406 11th Ave Pavilion and Signage $39,545.97
8319616 Whitlock Curb and Gutter $18,909.88
8319619 1900 East Reconsruction $68,502.51
8319621 Traffic Signals Upgrade $0.68
8319622 1400 E Sunnyside Intersection $64,662.90
8319701 Library Parking Equipment $59,576.57
8319721 Millcreek Sugarhouse GF $485.95
8319741 WestsideMultimodal GF $29,657.50
8319900 Transportation Acctg SalesTax $2,241.02
8320085 Cost overrun $70,381.00
8320401 Liberty Park 7 Cany Fountain $695,580.27
8320402 Hidden Hollow Water Enhancemen $379,928.03
8320404 10 E Senior Ctr Retaining Wall $2,378.51
8320405 Libert Prk Drainage Fueling S.$94,837.45
8320406 Community Parks Signage $248,665.00
8320407 Three Creeks Con Phase III $492,800.00
8320432 Liberty 7 Canyons Fountain $127,968.00
8320442 Match UT FHA Foothill Trails $144,106.12
8320602 Bus Stop Signal Enhancements $772,947.60
8320603 McClelland Str Phase 2a $124,740.00
8320701 Sorensen Unity Connecting Corr $875,000.00
8381200 OPEN SPACE LAND MATCHING $11,600.00
8395046 OPEN SPACE LAND TRUST $9,103.01
8600001 PROPERTY MANAGEMENT - GF $598,685.20
8600005 Crime Lab Rent $101,842.10
8600040 Percent for Art $255,895.77
8600042 Maintenance Percent for Art $43,133.35
8600401 Parks Maintenance $206,898.27
8600402 Public Lands Maintenance FOF $1,170,528.45
8600701 Facilities Maintenance $451,424.24
8600702 Facilities Asset Renewal $964,847.78
8619402 City-wide Park Walkway Safety $5,386.33
8619409 Fairmont Stream Access Beautif $17,000.00
8619411 Westside Trail Connections $249,922.91
8619602 Bridge Maintenance $150,000.00
8619603 Saw Cutting Sidewalk -$33.59 Why is this negative?
8619624 1700 S Lane Reconfiguration $35,322.27
8619625 Sunnyside 9 Line Trail $3,342.01
8620608 Sugarhouse 600 E Traffic Calmi $149,068.28
8620621 Bridge Maintenance $250,000.00
8686058 Elections Expenses $91,546.00
Total $10,672,104.46
8405005 Public Safety Building Replcmn $0.28
8406001 Gladiola Street $2,244.33
8412002 Indiana Ave/900 S Rehab Design $124,593.18
8416004 1300 S Bicycle Bypass (pedestr $42,832.69
8416005 9line park $4,420.71
8417011 Marmalade Park Block Phase II $73,264.60
8417012 Parley's Trail Design & Constr $327,678.45
8417013 Rosewood Dog Park $1,055.97
General Fund
Funding
Source
Cost
Center Description Remaining
Appropriation Complete?If Not Complete, Status?
8417014 Redwood Meadows Park Dev $9,350.26
8417017 Jordan R Trail Land Acquisitn $2,945.50
8417018 Jordan R 3 Creeks Confluence $1,569.60
8418002 Cwide Dog Lease Imp $261.73
8418003 Bikeway Urban Trails $181,845.59
8418005 Bridge to Backman $251,757.84
8418016 500 to 700 S $22,744.01
8419008 Traffic Signal Upgrades $450.00
8419103 ImperialParkShadeAcct'g $6,397.50
8419150 Pioneer Park $3,022,323.09
8419201 Eastside Precint $21,639.09
8419202 Fire'sConsultant'sContract $58.00
8419203 Street'sConsultant'sContract $12,374.31
8419204 Park'sConsultant'sContract $42.00
8420110 Transp Safety Improvements $32,028.03
8420120 Complete Street Enhancements $18,699.37
8420125 Street Improve Reconstruc 20 $383,308.67
8420134 Jordan Prk Event Grounds $399,055.66
8420136 9Line Orchard $142,612.29
8420138 Rich Prk Comm Garden $8,103.29
8420142 Wasatch Hollow Improvements $413,726.49
8420406 IF Prop Acquisition 3 Creeks $54,807.56
8420420 UTGov Ph2 Foothill Trails $121,329.10
8420424 Cnty #1 Match 3 Creek Confluen $110,390.48
8420430 FY20 Bridge to Backman $117,628.28
Total $5,911,537.95
8600002 PROPERTY MANAGEMENT -$27,171.28 Why is this negative?
Total -$27,171.28
8316079 University bikeway $1,200.80
Total $1,200.80
8318100 Fire Training Center $19,313.38
8319801 PolicePrecinctLandAquisition $1,299,688.00
8381600 Regional Sports Complex land p $489,836.03
8381750 Building Assessment - City Bld $19,602.62
Total $1,828,440.03
$208,275,255.98
Impact Fees
Land Sales
Private
Donations
Sale of
Property
Grand Total
Capital Asset Plan (CAP) Council Requests from January 2019
1.Policy Goals and Metrics – Council Members requested high-level cost estimates for the City
to implement the below policy goals as well as any metrics. The Administration was invited to
recommend policy goals to the Council. Three cost estimates are included based on prior
discussions but may not represent the best currently available information. The table is intended
for discussion purposes and does not represent a comprehensive list of policy goals for Council
consideration.
Potential Policy Goals Potential Metrics High-level Cost
Estimate
Bring all facilities out of
deferred maintenance
Appropriations vs. funding
need identified in Public
Services’ Facilities Dashboard
that tracks each asset
$6.8 million
annually or $68
million over ten
years
Expand the City's urban trail
network with an emphasis on
East-West connections
Total paved/unpaved network
miles; number and funding
for improved trail features;
percentage of 9-Line
completed
$21 million for 9-
Line
implementation
Increase the overall condition
index of the City's street
network from poor to fair
Overall Condition Index
(OCI); pavement condition
survey every five years
$133 million cost
estimate (in addition
to existing funding
level)
Implement the Foothill Trails
Master Plan
Distance of improved trails
completed; number and
funding for improved
trailheads
$TBD
Advance the City's
sustainability goals through
building energy efficiency
upgrades
Energy savings; carbon
emission reductions $TBD
Focus on renewal and
maintenance projects over
creating new assets
Number, funding level and
ratio of renewed assets vs.
new assets
$TBD
2.Project Location Mapping – Council Members requested a map of all CAP projects. The idea
of multiple maps based on dollar value was discussed such as $50,000 - $999,999, $1 million - $5
million, and over $5 million.
3.Measure CAP to CIP Alignment – Council Members expressed support for annually
measuring the alignment of how many CIP Funding Log projects were previously listed in the
CAP and how many CIP projects receiving appropriations were previously listed in the CAP. A
high alignment would indicate the CAP is successfully identifying the City’s capital needs.
4.Council Adoption of CAP – The question arose if the Council should adopt the CAP each year
with the annual budget or potentially in the summer when reviewing project specific funding.
Does the Administration have a preference?
Parks 2019 Estimate 2021 Estimate 2022 Estimate
Trailside Pit Toilet $150,000 $168,000 $200,000
Portland Loo (each) Existing Sewer Line $200,000 $224,000 $270,000
4 Seat Each Gender. Existing Sewer Line $350,000 $450,000 $550,000
8 Seat Each Gender. Existing Sewer Line $550K - $600K $700,000 $850,000
Site Master Plan $50K - $75K $75,000-$100,000 $90,000-$115000
Cultural Landscape Report $75,000-$150,000 $90,000-$175,000
City-wide Comprehensive Study $150K - $250K $200,000-$300-000 $230,000-$350,000
Installed with sewer connection $15K - $30,000 $35000- $50,000 $45,000-$62,500
Playground Replacement $150K - $250K $250,000-$350,000 $300,000-$450,000
New Playground $150K - $250K $450,000-$550,000 $550,000-$650,000
Native soil field $150,000 $400,000-$500,000 $450,000-$550,000
Sand-based field $400,000 $1,000,000 $1,200,000
Softball/Baseball Field Improvements (Each Field)$200,000 $250,000 $300,000
Fencing (6 ft. vinyl coated chain link)$45.00-$55.00/LF $54.00-$65.00
Patch, repair and paint $150,000 $168,000 $210,000
New post tension court $250,000 $300,000 $360,000
Hand-built natural surface single track trail (40"
width)$6-12/LF $25.00-$30.00/LF $30.00-$35.00
Machine-built natural-surface trail (40" width)$20-25/LF $10.00-$15.00/LF $13.00-$18.00
Asphalt Trail $3.50/SF $5.00/SF $7.00/SF
Concrete Trail (6" thick)$4.50/SF $8.00/SF $12.00/SF
Soft Surface - Crushed stone $2.50/SF $6.00-$10.00/ SF $8.00-$13.00/SF
Off-leash Dog Parks $250K - $350K $ 280,000-$392,000 $330,000-$460,000
Irrigation Systems Per Acre $52,000+$75,000 +85000+
Tree Replacements (Each 2-inch caliper)$350 $750 $600
Natural Area Restoration Per Acre $100K - $200K $ 112,000- $224,000 $135,000-$250,000
Transportation 2019 Estimate 2021 Estimate 2022 Estimate
Bike - One Mile Cycle Track/Lane Mile (3 lane miles =
1.5 actual miles)500,000+$600,000+700,000.00$
Bike - One Lane Mile (2 lane miles = 1 mile actual mile) 2,000+$2,500+4,000.00$
Bike - Protected Lane Mile (200 West 2015)$400,000 $500,000-1,000,000 $750,000-$1,250,000
Traffic Signals - New 250,000$ 350,000.00$ 400,000.00$
Traffic Signals - Upgrades 250,000$ 350,000.00$ 400,000.00$
HAWK Signals 130,000$ 150,000.00$ 175,000.00$
Crosswalk - Flashing 60,000$ $75,000 $85,000
Crosswalk - School Crossing Lights 25,000$ $30,000 $35,000
Crosswalk - Colored/Stamped varies based on width of
road $15K - $25K $18,000-$27,000 $20000 - $30000
Driver Feedback Sign 8,000$ $9,500 $11,000
Speed Table / Raised Crosswalk 25,000$ $30,000 $40,000
Pedestrian Refuge Island 10,000$ $12,000 $15,000
Curb Extension at Intersection 20,000$ $25,000 $30,000
Crosswalk 1,600$ $1,800 $2,000
Streets 2019 Estimate 2021 Estimate 2022 Estimate
Asphalt Overlay (Lane Mile)280,000$ 335,000$ 360,000$
Crack Seal (Lane Mile)5,000$ 6,000$ 8,000$
Road Reconstruction - Asphalt (Lane Mile)500,000$ 600,000$ 700,000$
Road Reconstruction - Asphalt to Concrete (Lane Mile)$700k - $1.2 M $840,000 - $1,440,000 $1,000,000 - $1,700,000
Sidewalk slab jacking (per square foot)4$ $5 $6
Sidewalk replacement (per square foot)$ 7 - $10 $8 - $12 $9 - $15
Tennis Court Improvements (2 Courts)
Path/ Trail Improvements
Restrooms (dependent on site and utility work)
Studies
Drinking Fountains
Multi-purpose Field Improvements
Note: Last updated July 2022
Regular CIP Project Costs; General Rules of Thumb
NOTE: Costs are estimates based on most recent information available (could be out of date), vary by project, and do not include ongoing maintenance
Attachment 7 - Regular CIP Project Cost Estimates (July 2022)
Livable Streets Traffic Calming Program First Year Accomplishments Summary
From the Transportation Division
-Hired four new transportation planners.
-Worked with the Administration and City Council to change the prima facie speed limit from 25 mph
to 20 mph. Additional 20 mph signs are currently being prepared for installation near elementary
schools throughout the city.
-Updated the Livable Streets and Transportation Safety web pages.
-For Livable Streets Zone 1, phase 1 of the traffic calming project for the Capitol Hill area has been
awarded and will be constructed this summer.
-Our first public meetings were held this spring for Livable Streets Zones 2, 3 and 4.
-Speed bumps to be installed on 2100 East and 1300 South. The project has been awarded and will
be constructed this summer.
-The Slow Down West Sugar House project has been awarded and will be constructed this summer.
-Temporary traffic calming devices were installed in the Sugar House Safe Side Streets project area.
-As part of the Emery Street Livability Improvement Pilot Project, temporary traffic calming devices
have been installed on Emery St with more on the way over the next couple of weeks.
-Extensive work has been performed to update the crosswalk flag program.
-Livable Streets enhancements were installed at a school crosswalk located at 2150 E Westminster
-A roundabout has been designed for 700 S 1000 W. The project is currently being prepared for
advertisement to obtain contractor bids.
-In-roadway crosswalk warning signs were installed at multiple locations.
Zone Prioritization and Status Based on Funding Level
The prioritization of the zones hasn’t changed, therefore the overall map remains the same. Since this
program is so new, we’re still working off estimates of the amount of funding each zone will require for
their Livable Streets improvements. If we assume that the average of each zone will be $500K, then,
based on the original $2M plus the new $1.35M funding will provide us with enough funding for
approximately $3.35M/$500K = 6.7 Zones, or about six or seven zones. The attached map highlights the
locations of the top 7 Livable Streets zones. We’re already working on Zones 1-4. Based on these
assumptions, the FY2024 $1.35 million request will fund all or a portion of the projects in zones 5, 6 and
7.
Note, the color coded prioritization map on the following page is from the Livable Streets Program 2022
Final Report page 13. Council staff added zone numbers one through seven to help compare the two
maps. An interactive version of the zones map is available on the Transportation Division’s website here:
https://www.slc.gov/transportation/plans-studies/livable-streets/#LivableStreetsProjects
1
2
3
4
5
6 7
•Salt Lake City Proposed FY23-24 Budget
•Presented by Aaron Price, Mike Atkinson, and Rachel Molinari
CIP FY23-24 Budget
Presented by Aaron Price, Mike Atkinson,
and Rachel Molinari
BBCIP FY23-24 BUDGET PROPOSAL
Presented by Mike Atkinson, CAP Manager
CAPITAL ASSET PLANNING (CAP) FLOWCHART
BBCIP FY23-24 BUDGET PROPOSAL
Presented by Mike Atkinson, CAP Manager
IMPACT FEE FACILITIES PLAN (IFFP) FLOWCHART
BBCIP FY23-24 BUDGET PROPOSAL
Presented by Rachel Molinari, CIP Manager
DASHBOARD
BBCIP FY23-24 BUDGET PROPOSAL
Presented by Rachel Molinari, CIP Manager
EQUITY MAPPING
BBCIP FY23-24 BUDGET PROPOSAL
Presented by Mike Atkinson, CAP Manager
ONGOING EXPENSE SUMMARY ~13,930,000
BBCIP FY23-24 BUDGET PROPOSAL
Presented by Rachel Molinari, CIP Manager
FY24 APPLICATION SUMMARY
BBCIP FY23-24 BUDGET PROPOSAL
Presented by Rachel Molinari, CIP Manager
FY24 REQUESTS –CONSTITUENT
~$11,000,000
BBCIP FY23-24 BUDGET PROPOSAL
Presented by Rachel Molinari, CIP Manager
FY24 MAYOR RECOMMENDATIONS
BBCIP FY23-24 BUDGET PROPOSAL
Presented by Rachel Molinari, CIP Manager
FY24 MAYOR RECOMMENDATIONS
BBCIP FY23-24 BUDGET PROPOSAL
Presented by Mike Atkinson, CAP Manager
LOOKING FORWARD
•CAPITAL ASSET PLANNING (CAP) TEAM
•WORKDAY INTEGRATION
•REVISION OF POLICIES, PROCEDURES, AND IFFPS
•FY24 CIP APPLICATION MATERIALS
THANK YOU
Presented by Department of Finance / Aaron Price, Deputy CFO / Mike Atkinson,
CAP Manager / Rachel Molinari, CIP Manager
CITY COUNCIL OF SALT LAKE CITY
451 SOUTH STATE STREET, ROOM 304
P.O. BOX 145476, SALT LAKE CITY, UTAH 84114-5476
SLCCOUNCIL.COM
TEL 801-535-7600 FAX 801-535-7651
COUNCIL BUDGET
STAFF REPORT
CITY COUNCIL of SALT LAKE CITY
tinyurl.com/SLCFY24
TO: City Council Members
FROM:Kira Luke
Budget and Policy Analyst
DATE: June 6, 2023
RE: FY 2023-24 Budget – Information Management Services (IMS) Department
Budget book pages: Key Changes: 63, 75-77; Department Overview: 207; Staffing
Document: 293
DEPARTMENT AT-A-GLANCE
The Department of Information Management Services (IMS) provides technical support for General
Fund departments and Enterprise Funds in the City. In addition to technical support, in recent
years, IMS has also consolidated the City’s multimedia and engagement services, centralizing roles
that were previously spread throughout multiple City Departments. The Department also includes
the City’s Data Analytics and Geographic Information Systems (GIS) division, streamlining access to
and interpretation of the City’s abundance of data.
IMS is operated as an Internal Service Fund, which means that its source of revenue comes from
charging fees to the City departments and funds based on the services provided. Similar to the
General Fund, IMS has its own Fund Balance that can be drawn from to accomplish budget
recommendations.
The Mayor’s recommended budget for IMS totals $32,627,754 which is an increase of $7,252,524 or
28% over the adopted budget for Fiscal Year 2021-22 (FY22).
FY23
Adopted
FY24
Proposed Difference
Percent
Change
$ 25,375,230 $32,627,754 $7,252,524 28%
Major themes visible in the IMS budget this year:
•Inflationary impact on contract expenses and salaries
•Maintenance to keep software and hardware up-to-date and in compliance
•Centralization
•of fund management for citywide software resources
•of Citywide communication and branding strategy
Page | 2
Major expenditure increases in FY24
•$ 1,163,509 in contractual increases, including for existing software
•$2,450,000 from the IMS Fund’s Fund balance for radio system upgrades required by State-
level changes
•$1,517,348 proposed salary and benefits increases, including base-to-base changes (pay
adjustments, benefits changes) and the proposed 5% cost of living (COLA) increase.
•$912,551 for new positions, outlined below in “Additional Information”
•$720,000 for new software to be managed for other Departments, which includes $350,000
for new Capital Asset Planning software for Finance
POLICY QUESTIONS
1.Contractual Increases: the City is increasingly dependent on software to streamline and
manage a multitude of City obligations. As the software industry has transitioned to the software
subscription model, the cost to the City continues to rise at the rate of $1+ million each year.
IMS confirms that this rate is expected to continue in future budgets. The Department reports
evaluating ways to consolidate and save costs by continuing to compare what comparable
organizations pay, and what comparable vendors charge. The Council may wish to hold a
discussion on what options are available to mitigate or prepare for these
anticipated ongoing increases.
2.Security: the City’s network security provides protection for everything from constituent data
to major City infrastructure. The Department reports frequent and intensifying attacks on the
City’s network. Over the past years IMS has put additional resources to network security, and
the current budget continues funding for security testing and a new cybersecurity analyst
position. The Council has received closed session cybersecurity briefings in the past to stay
informed on the City’s security profile. The Council may wish to discuss if it would be
helpful to receive semi-annual briefings.
3. Equity: The City has supported a few initiatives over the past few years to address the digital
divide through adoption of a Digital Equity Policy, increasing access to laptops, and funding for
public-facing wireless access points.
a. The Council may wish to ask about staffing resources required to administer
these programs, and whether the new positions requested would have an
impact on the City’s ability to continue/expand.
b. The Council may wish to ask for an update on the public wireless access for
free wifi, and whether there are plans for expansion or other ways to
improve internet accessibility.
c. The Council may wish to ask for any other updates on the role Salt Lake City
plays in addressing the digital divide.
4. Constituent Resource Management Software (CRM): The Department reports a 60%
increase in constituent requests since launching a public-facing reporting button on SLC.gov,
leading to over 7,000 cases since December 2022. Efforts towards a mobile app for constituent
use are in progress.
a. The Council may wish to discuss to what extent CRM use has enabled
Departments to gather new insights on constituent requests and resources
used to respond.
b. The Council may wish to ask for more information on timeline and potential
budget for an app and improved mobile access.
Page | 3
5. City Surveys: The Department reports the new survey tool funded in FY23 allows multiple
surveys a year, with the most recent completed in Spring 2023. The tool also enables residents to
opt-in to an ongoing panel to give feedback.
a.The Council may wish to request a briefing on the results of the most recent
survey.
b.The Council may wish to discuss how more frequent survey results could be
presented and used to inform policy.
c.The Council may wish to discuss the benefits and different applications of
opt-in vs random sampling surveys.
d.The Council may wish to ask how the survey administration model ensures
that Salt Lake’s diverse demographics are adequately represented.
ADDITIONAL & BACKGROUND INFORMATION
New Staff Positions:
Total Employees: 100 (+8 since last budget)
Eight new staff people are proposed to provide improved cybersecurity and data analysis, unify
citywide communications and branding, and support IMS’s growing mandate as the City continues
adding more software and large scale projects to improve the City’s processes. The positions are
proposed for 10 months of the year, consistent with the Administrative proposal for most new
positions, except for the office facilitator, which is an existing part-time position already filled that is
proposed to become an FTE.
New proposed positions are:
•Innovations Consultant: 1 FTE, $ 128,452 (full year cost: $154,142)
According to the attached position description, “The Change Manager coordinates change
management projects across City government with the goal of minimizing unanticipated
impacts on the organization and its operations. The Change Manager will play a key role in
ensuring change initiatives meet objectives on time and on budget by increasing employee
adoption and usage.”
•Cybersecurity Engineer: 1 FTE, $118,331 (full year cost: $141,997)
This position is for a cybersecurity analyst to review and interpret the extensive data the City
has on its own security profile. This position would help the City comply with recent State-
mandated reporting requirements.
•Data/Info Specialist: 1 FTE, $118331 (full year cost: $141,997)
This would be a new position in the GIS Division, bringing the division’s total FTE count to
5. This position is anticipated to have a role interpreting and synthesizing the data to help
make it useful for the other Departments IMS serves.
•Communications Director: 1 FTE, $165,506 (full year cost: $198,607)
As IMS has become host to a centralized citywide communications division, they’ve
identified a need for better coordination of the City’s overall voice and brand. This role
would oversee and coordinate those standardization and communication strategies.
•Social Media Specialist: 1 FTE, $ 89,669 (full year cost: $107,602)
According to the attached position description, this role would work “in collaboration with
the Media Services, Civic Engagement, and Web teams. The primary responsibilities of this
position include, creating and managing consistent, meaningful website content for various
City departments for use on the City’s government access channel, social media platforms,
the internet, intranet web pages and other applications.”
•Communications Specialist: 1 FTE, $139,655 (full year cost: $167,586)
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This would be a new position in the Media & Engagement Services team, responsible for
overseeing and coordinating the extensive media content produced by that division.
The following positions currently exist within IMS, but the Department is requesting more time or
FTEs.
Network Support Administrator: 1 FTE, $104,831 (full year cost: $125,797)
This position brings the Network Support team to 13 to meet the City’s continuing internal
growth and support needs.
Office Facilitator: 1 existing part-time converted to FTE, $47,776 (full year)
Other Personnel Cost Increases:
Total Change: $ 1,677,347 increase in salary changes from year to year. Continuing the theme of
prior years and other Department budgets, the competitive job market has affected the City’s budget
proposal and deliberations. Turnover has been significant within the IT field due the availability of
new jobs and salary competition. The significant increase in personnel costs is due to necessary
salary adjustments to keep up with the job market and slow turnover within IMS.
Base to Base Changes $ 858,423
5 % COLA Salary Increase $ 566,867
Insurance Decrease ($ 34,683)
Pension Changes $ 286,740
Ongoing initiatives:
Radio Project Completion: This budget continues funding for the State-mandated upgrades to
the Citywide move to the Utah Communications Authority standards for Public Safety networks.
This project has involved an overhaul of the entire radio infrastructure, including purchasing new or
upgrading the existing equipment for the City’s Public Safety radios.
Public Safety Systems Cloud Migration:
The FY23 budget included funding to move public safety systems to the cloud to improve reliability,
interoperability and security. The project is ongoing, with June as the planned date for record
management systems and computer aided dispatch planned for later this year.
Enterprise Resource Planning (ERP) Initiative:
The IMS budget continues coordination and resources toward the ERP implementation.
ERP software is a central system that tracks and manages processes including:
•Project management
•Risk management & compliance
•Supply chain operations
•Human Resources
o Performance management
o Recruitment & onboarding
o Learning management
•Financial systems
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•Document management and archival
By providing a holistic view of the City’s internal processes, an ERP is intended to help decision-
makers rely on clear, accurate data to identify opportunities to create streamlined, efficient
processes. Although there is not a measurable cost savings from ERP implementation, the system is
anticipated to bring improved transparency in City processes for leadership, staff, and the public.
Additional benefits include streamlined collaboration as well as prevention of costly failures.
The Department reports that the implementation will be complete July 5, 2023, except two
remaining components expected to complete in Fall 2023.
Constituent Relationship Management (CRM) Software:
Funding for the CRM first began in FY18. Since then, the system has been internally implemented,
with ongoing use from the Council’s Liaisons, Mayor’s Office, Community and Neighborhoods, and
coordination with nearly every City department to implement requests for services and requests for
information.
Goals of the CRM:
•Help staff keep track of public requests for service or information, and contact information
•Automate work assignments
•Track responses or flag needed follow-ups on a topic
•Save staff and constituents time by providing a knowledge base to answer common questions
•Provide data elected officials can use in making service level decisions.
Apprenticeships:
Update from the Department:
IMS continues to embrace the apprenticeship program since the original funding was
provided through CARES funding. As an internal service fund, IMS budgets for its apprentice
program independent from the 1 million dollars allocated in the general fund. IMS currently
is offering 16 individuals apprenticeships and added students from the Salt Lake City School
District's apprenticeship program this year. We look to continue this program during the
upcoming fiscal year.
Civic Engagement Surveys
Update from the Department:
The City Survey is being managed by the Innovation Team. Traditionally, the survey has
been conducted as a bi-annual survey. This format changed with our contracted updates
with Y2 Analytics in 2022, the decision was to move the City towards a more dynamic survey
panel model where the city can survey three times a year on important topics effecting Salt
Lake City residents. The panel was gathered in spring 2023 with a traditional satisfaction
format; the results and a deeper overview of that process may be shared with the City
Council at a future briefing. 1,079 residents participated in the survey with 855 who opted to
participate in future SLC Resident Panel surveys. 7 council districts are equally represented
in the most recent results. A panel approach to representative survey research enables the
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City to engage with residents on specific, deep-dive subjects as they arise. Our intent is to get
into a rhythm with these surveys that align with budgetary surveys in the fall.
Digital Equity Initiatives
The Department provided the following updates on these projects related to the City’s Digital Equity
Policy:
▪Free Wi-Fi-Salt Lake City’s City Connect continues to operate in many public spaces and we
have formulated a partnership with Comcast to create “Lift Zones” at areas where we have
Youth and Family Services Programming. As IMS replaces the wireless access points
across the City it is also providing City Connect at the public buildings. The department
continues to work with departments like Public Lands to identify locations where City
Connect can be placed.
▪Laptop donation-The Digital Equipment Donation Program concluded its second round of
laptop donations, and successfully distributed a total of 145 devices to 5 community
organizations. This donation phase focused on partnering with local nonprofits who have
established digital access programs who support clients with digital skills and internet
access. IMS will continue to gather surplus laptops that are pulled out of circulation, we
will continue to utilize our apprentice program to prepare those laptops for donation. The
Innovation Team has been leading this effort and will continue to keep it in focus.
Salt Lake City Information Management Services
Proposed FY23-24 Budget Presented by Aaron Bentley, Nole Walkingshaw, & Chad Korb
1
Information Management Services
FY23-24 Budget
Presented by Aaron Bentley, Nole Walkingshaw, & Chad Korb
2
BB
INFORMATION MANAGEMENT SYSTEMS
FY23 CURRENT
•IMS Administration
•9 FTE / $7.3 Million Budget (as amended)
•2 Part-time employees
•16 Apprentices
•IT Operations
•67 FTE / $27.1 Million Budget (as amended)
•Media, Innovation, Engagement, and
Communications
•17 FTE / $2.1 Million Budget (as amended)
INFORMATION MANAGEMENT SYSTEMS FY23-24 BUDGET PROPOSAL
Presented by Aaron Bentley, Nole Walkingshaw, & Chad Korb
3
BB
INSIGHT #1 ADMINISTRATION
INFORMATION MANAGEMENT SYSTEMS FY23-24 BUDGET PROPOSAL
Presented by Aaron Bentley, Nole Walkingshaw, & Chad Korb
•Staffing
•Part-time to 1 FTE -Office Facilitator
(Paygrade 19 -$47,776)
•PC Replacement Program
•Funded from the fund balance -$337,816
•Radio Replacement Program
•Replacement $1,750,000
•Installation $300,000
•Ongoing –Transfer –Request
$400,000
•Consulting
•Radio $50,000
•IT Policy & Strategic Plan
$80,000
MUST SHOULD COULD WISH Budget Matrix Score:28
Total Funding Request
$2,862,116 + 1 FTE
4
BB
INSIGHT #2
INFLATIONARY COSTS
INFORMATION MANAGEMENT SYSTEMS FY23-24 BUDGET PROPOSAL
Presented by Aaron Bentley, Nole Walkingshaw, & Chad Korb
MUST SHOULD COULD WISH Budget Matrix Score:26
Total Funding Request
$1,111,709
450,000
550,000
650,000
750,000
850,000
950,000
1,050,000
1,150,000
2018 2019 2020 2021 2022 2023
SLC Major Software Vendor
Actual Cost Increase Example
5
BB
INSIGHT #3
OPERATIONS: CYBERSECURITY
INFORMATION MANAGEMENT SYSTEMS FY23-24 BUDGET PROPOSAL
Presented by Aaron Bentley, Nole Walkingshaw, & Chad Korb
•Staffing
•Cybersecurity Analyst II
(Paygrade 30 -$118,331)
•Security Testing
•$40,000
(75% of this amount from IMS fund
balance)
•SPAM Filter
•$250,000
MUST SHOULD COULD WISH Budget Matrix Score:28
Total Funding Request
$ 845,733 + 1 FTE
6
BB
INSIGHT #4
OPERATIONS: DATA & GIS
INFORMATION MANAGEMENT SYSTEMS FY23-24 BUDGET PROPOSAL
Presented by Aaron Bentley, Nole Walkingshaw, & Chad Korb
•Staffing
•Data Analyst
(Paygrade 30 –$118,331)
MUST SHOULD COULD WISH Budget Matrix Score:18
Total Funding Request
1 FTE
7
BB
INSIGHT #5
OPERATIONS: FIELD SERVICES
INFORMATION MANAGEMENT SYSTEMS FY23-24 BUDGET PROPOSAL
Presented by Aaron Bentley, Nole Walkingshaw, & Chad Korb
•Staffing
•Network Support Admin II
(Paygrade 27 -$104,831)
•Overtime
•On-call and overtime $25k
MUST SHOULD COULD WISH Budget Matrix Score:22
Total Funding Request
$25,000 + 1 FTE
8
BB
INSIGHT #6
OPERATIONS: SOFTWARE SERVICES
INFORMATION MANAGEMENT SYSTEMS FY23-24 BUDGET PROPOSAL
Presented by Aaron Bentley, Nole Walkingshaw, & Chad Korb
•Consulting
•Business License, Workday $180,000
•Financial Management Software
•Capital Asset Planning Software -$350,000
•Treasury Management Software
$300,000
MUST SHOULD COULD WISH Budget Matrix Score:22
Total Funding Request
$ 730,000
•Transfers
•CAD (Computer Aided Design) Software
$45,000 Transfer from Public Utilities and
Public Services
•Versaterm $555,733
Transfer from Public Safety
9
BB
INSIGHT #7
MEDIA SERVICES
INFORMATION MANAGEMENT SYSTEMS FY23-24 BUDGET PROPOSAL
Presented by Aaron Bentley, Nole Walkingshaw, & Chad Korb
•Staffing
•Communications Engineer
(Paygrade 34 $139,655)
MUST SHOULD COULD WISH Budget Matrix Score:22
Total Funding Request
1 FTE
10
BB
INSIGHT #8
INNOVATION
INFORMATION MANAGEMENT SYSTEMS FY23-24 BUDGET PROPOSAL
Presented by Aaron Bentley, Nole Walkingshaw, & Chad Korb
•Staffing
•Innovation Change Manager
(Paygrade 32 -$128,452)
MUST SHOULD COULD WISH Budget Matrix Score:22
Total Funding Request
1 FTE
11
BB
INSIGHT #9
ENGAGEMENT & COMMUNICATIONS
INFORMATION MANAGEMENT SYSTEMS FY23-24 BUDGET PROPOSAL
Presented by Aaron Bentley, Nole Walkingshaw, & Chad Korb
•Staffing
•Web Content Specialist I
(Paygrade 23 -$89,669)
•SB127 -.gov
•Director of Communications and Branding
(Paygrade 38 $165,506)
•Public Meetings
•Zoom $25k
•Remote Meeting Services $30k
MUST SHOULD COULD WISH Budget Matrix Score:22
Total Funding Request
$55,000 + 2 FTE
12
BB
FUNDING FROM IMS FUND BALANCE
INFORMATION MANAGEMENT SYSTEMS FY23-24 BUDGET PROPOSAL
Presented by Aaron Bentley, Nole Walkingshaw, & Chad Korb
13
One-time Funding From IMS Fund Balance Budget $
Radio project completion 300,000
Radio Build Out for Public Services 1,750,000
PC Replacement 337,816
Cyber Security Penetration Testing 30,000
Council Remote Meeting Professional Services 30,000
TOTAL 2,447,816
BB
IMS DEPARTMENT SUMMARY
INFORMATION MANAGEMENT SYSTEMS FY23-24 BUDGET PROPOSAL
Presented by Aaron Bentley, Nole Walkingshaw, & Chad Korb
14
BB
IMS INSIGHT SUMMARY
INFORMATION MANAGEMENT SYSTEMS FY23-24 BUDGET PROPOSAL
Presented by Aaron Bentley, Nole Walkingshaw, & Chad Korb
15
Insight Description FTEs FY2024 Request MSCW Score
1 Administration 1 2,862,116 Must 28
2 Inflationary Costs 1,111,709 Must 26
3 Operations: Cybersecurity 1 - Must 28
4 Operations: Data & GIS 1 845,733 Should 18
5 Operations: Field Support 1 25,000 Should 22
6 Operations: Software Support 730,000 Should 22
7 Media Services 1 30,000 Should 22
8 Innovations 1 25,000 Should 22
9 Engagement & Communications 2 Should 22
FTE & Salary Total 2,395,216
TOTAL 8 8,024,774
THANK YOU
Presented by Information Management Services
Aaron Bentley, Nole Walkingshaw, and Chad Korb
16
COUNCIL BUDGET
STAFF REPORT
CITY COUNCIL of SALT LAKE CITY
SLC Budget FY24
TO:City Council Members
FROM:Allison Rowland
Public Policy & Budget Analyst
DATE:June 6, 2023
RE: FY2024 BUDGET – REVIEW OF PREVIOUS LEGISLATIVE INTENTS AND INTERIM STUDY
ITEMS
MAYOR’S RECOMMENDED BUDGET PAGES: 124-140
Item Schedule:
Briefing: June 6, 2023
Budget Hearings: June 6
Potential Action: June 13
ISSUE AT-A-GLANCE
As part of the Mayor’s Fiscal Year 2024 (FY24) Recommended Budget, the Administration provided
responses to the Legislative Intent Statements that the Council adopted in past years. The Council held
mid-year update discussions about the Legislative Intents on September 6, 2022, as well as March 21 and
April 4, 2023. The typical Annual Schedule for Review of Legislative Intents is included as Attachment C1.
The chart below summarizes the status of each of these Intents, and includes Council staff
recommendations to either leave open, or to close. Recommendations to close (or consider closing)
include whether the item would then be considered complete or would continue indefinitely as a policy
change.
Goal of the briefing: Review the status of past years’ Legislative Intents, consider options, and
potentially straw poll Council support for changing the status on specific items. Note: if Council
Members don’t indicate otherwise on a specific intent, staff will proceed according to the
recommendations below.
KEY BUDGET ISSUES & POLICY QUESTIONS
A. Attorney’s Office
Title Staff Status Assessment
FY23 - Boarded Building Fee (with Finance and CAN). It
is the intent of the Council to ask the Administration for a
timeframe when the Council can consider an updated boarded-
building fee, or request that the Attorney’s Office provide a draft
directly to the Council Office. The boarded building fee would
include the full City costs of monitoring and responding by Police,
Fire, and other City departments at these properties. Note: This
incorporates FY22 Intent to update the boarded-building fee.
Open.
The Council Office received a
transmittal with a proposed fee. After
transmitting, the Attorney’s Office
indicated that it needed to go to the
Planning Commission before Council
consideration. It will be sent to the
Council after the Planning Commission
has an opportunity to review and make
its recommendations.
FY23 - Open and Public Meetings Act (OPMA). It is the
intent of the Council to ask the Administration to ensure that any
City loan or grant processes comply with the Open and Public
Meetings Act (OPMA). The Council could request that the City
Attorney’s Office develop an ordinance more specifically
codifying this understanding.
Open.
The Attorney’s Office response is
forthcoming.
FY23 - Ordinance Governing Donations to the City. It is
the intent of the Council that a new, more streamlined donation
ordinance be developed by the City Attorney’s Office for
consideration by the Council in Fall, 2022. The Council further
requests that while this ordinance is being prepared, the
Administration create a tracking sheet for any donations, and
work across City departments on a consistent process to support
continued transparency and documentation of donor intents. It
is the Council’s intent to rescind the current ordinance at the
earliest opportunity, in order to avoid stifling opportunities for
potential public/private partnerships.
Close and complete.
The ordinance was developed by the
Attorney’s Office and adopted by the
Council. The changes now appear
here:
https://codelibrary.amlegal.com/code
s/saltlakecityut/latest/saltlakecity_ut/
0-0-0-45346).
FY21 – Decriminalization Review of City Code. It is the
intent of the Council that an in-depth review be conducted of the
City Code to consider items that could be de-criminalized.
Council staff could work with Council Members and the City
Attorney’s Office to draft a scope and come back with a report on
the timeline.
Open.
The Attorney’s Office response is
forthcoming. It has reported that its
initial review revealed that more
attention and expertise will be needed
to complete this review, including the
involvement of the Prosecutor’s Office.
The project will be continued in the
coming fiscal year.
➢The Council may wish to ask
whether the Attorney’s Office
plans to request any
additional budget allocation
for this project, and whether
there is an updated timeline
estimate.
B. Community and Neighborhoods Department
Title Staff Status Assessment
FY23 - Free Fare in Winter
Months. It is the intent of the
Council to ask the
Administration to build on the
success of Free Fare February in
2022, seeking partners to
provide funding again next
winter and extending it for three
months. The Council would fund
the City portion of the cost
through a future budget
amendment.
Close and continue.
The Administration noted that the City is mostly in an advocacy
role. The Mayor’s Office has been continuing conversations with
UTA, regional, and State leaders.
FY23 - Expediting Traffic
Calming Projects. It is the
intent of the Council to ask the
Administration to evaluate the
workflow among CAN and Public
Services Divisions that delivers
previously-funded traffic
calming projects, identify any
bottlenecks in the system, and
Close and continue.
The Transportation Division (CAN) and the Engineering
Division (Public Services) reported that they had developed a
process to implement the Livable Streets Program. Project
complexity will determine the Engineering Division’s
involvement in design and construction. Simple projects with
off-the-shelf designs will be managed by Transportation
Division staff, using on-call city contractors to speedily install
return to the Council with
suggestions for ways to address
them.
traffic calming devices/elements without Engineering Division
involvement. More complex projects will use Engineering
Division staff to design and advertise projects for bidding and
construction. The Divisions will work together to develop a
metric by which a project is classified as off-the-shelf/quick-
build versus complex. Data and experience from the first
calendar year of the program’s operation will help
Transportation and Engineering identify any bottlenecks in the
system.
FY23 - Youth and Family
Program Streamlining. It is
the intent of the Council to ask
the Administration to evaluate
whether to consolidate all City
youth and family programs into
the Youth & Family Division. The
purpose would be to increase
efficiency and propose options
for future budget discussions.
Additionally, the Council would
like the Administration to
evaluate the City’s role in youth
and family programming in
relation to other community
organizations to identify
efficiencies and reduce
duplication, factoring in overall
community demand for those
services.
Close and continue.
The FY24 Mayor’s Recommended Budget proposes $100,000
for a Youth & Family Strategic Plan to help ensure that the City
effectively serves local youth and does not duplicate other
community programs.
Youth City also reported the following information.
•“YouthCity provides seamless out of school time
programs for youth ages 6-18. Several factors
distinguish YC programs from other City, nonprofit and
school-based programs and services.
•YouthCity is designed to support and augment school
day learning using evidence-based curriculums. All
programs undergo a rigorous assessment 4 times per
year.
•Since inception, YouthCity has actively partnered with
other service groups and out of school time providers.
[…] Youth and Family staff have maintained an active
leadership role in Utah Afterschool Network. The most
recent data indicates that there are 3 out of school time
slots for every 5 youths needing support and/or care.
•There are three additional youth programs offered by
the Salt Lake City Police Department and a vocational
program offered by the Salt Lake Fire Department.
Each of the programs exist under the direction of staff
who are experts in their field.”
FY22 - Trips-to-Transit
Expansion Evaluation. It is
the intent of the Council that the
Administration provide their
strategy for evaluating whether
to expand the Trips-to-Transit
program, which will begin to
serve Westside neighborhoods in
Open.
The Administration recommended maintaining the current
service area for several more years to better determine what
would be needed for program expansion to other areas.
The Transportation Division uses ridership levels and cost-per-
rider data as guides to potential expansion. Data from Phase 1
(service to Westside communities) will be available in the next
late 2021, to other areas of the
City.
year or two and will allow the Transportation Division to
forecast the potential for expansion in these neighborhoods.
➢The Council may wish to ask whether there is an
estimated date that Phase 1 data will become
available, and when a Council update could take
place.
FY21 - Transfer Housing
Trust Fund Development
Loans and Payments to
RDA. The Council intends to
transfer the Housing Trust
Fund’s housing development-
loan-related balances and
payments to be overseen by the
RDA.
Close and continue.
CAN’s Housing Trust Fund balance sheets and loans were
transferred to the RDA in FY22 Budget Amendment 7, and
physical and electronic loan files were transferred to the RDA.
The RDA, the Housing Stability Division, and the Attorney’s
Office are currently preparing code modifications for the
Housing Trust Fund Advisory Board.
➢The Council may wish to ask about the status of
the code modifications to the Housing Trust Fund
Advisory Board.
C. Finance Department
Title Staff Status Assessment
FY23 - Tenant Ombudsman. It
is the intent of the Council to ask
the Administration to explore
adding a tenant ombudsman in the
Landlord/Tenant Program (also
known as the Good Landlord
Program) to serve the growing
number of renters among City
residents. The Council requests that
the Administration return with a
potential scope of work for one or
more FTEs, keeping in mind
services already provided by outside
agencies to avoid duplication, and
building on work done by the City’s
consumer financial protection
analyst.
Close and continue.
A Housing and Consumer Protection Analyst FTE was
approved by the Council in FY23 Budget Amendment #3.
This position is designed to continue previous work on
consumer protection performed in the Mayor’s Office, as
well as assessing the needs and gaps in protecting residential
tenant rights.
The Administration stated that this position would:
“work closely with community partners and the City’s
Landlord/Tenant team to identify violations of tenant
protections and coordinate existing tenant education,
mediation services, legal services, and eviction prevention
resources.”
It would also: “develop methods and find venues to conduct
community education and outreach to raise public
awareness of the programs while identifying policy gaps in
tenant protections.”
The Administration also reported that the existing
Landlord/Tenant Program partners with a number of
outside agencies to identify tenant protection violations. The
services include disputes with landlords who don’t return
deposits, evictions, and other issues. The City refers tenants
to Utah Legal Services (which offers income-restricted
assistance) and the following additional services and
resources:
- Disability Law Center
- Utah Housing Coalition
- Pro-Bono Initiative
- People’s Legal Aid
- HUD Assistance (Offers Renter’s Kit & Fair
Housing information)
- Utah Anti-Discrimination and Labor Division
- Utah Bar Association
- Utah State Courts -Renter’s Rights
- The Good Landlord, Tom Wood
- Landlord-Tenant Mediation program through Utah
Community Action
- Tenant Legal Representation program through
Utah Legal Services
➢The Council may wish to that the Administration
develop specific metrics to measure and report
the impact of this position.
FY23 - Covenants Education in
the Landlord/Tenant Program.
It is the intent of the Council that
the Administration include training
for property owners on Covenants,
Conditions and Restrictions (CCRs)
in the City’s Landlord/Tenant
Program. This training should
clarify the differences between
enforceable CCRs and
unconstitutional CCRs, including
those which would discriminate
against a federally recognized
protected class. The Council also
requests that implicit bias training
be added to the program’s
education materials.
Close and continue.
The Administration reported that the owner and operator of
The Good Landlord, Tom Wood, collaborates with the City
for its Landlord/Tenant program. He confirmed that his
training program does include Covenants, Conditions, and
Restrictions (CCRs) as well as training on implicit biases
such as race, age, and gender. The Administration stated that
if the Council desires, Mr. Wood could provide a short
demonstration of his training.
FY23 - Consolidated Fee
Schedule Holistic Review. It is
Open
the intent of the Council to
complete a holistic evaluation of the
City’s Consolidated Fee Schedule in
conjunction with the Finance
Department. This evaluation would
include equity considerations and
evaluate whether to increase,
reduce, or in some cases eliminate,
City fees.
In 2022, the Administration reported that the Finance
Department is ready and available to respond to any Council
recommendations for an evaluation of the Consolidated Fee
Schedule. Council staff will follow up with Finance on this
effort.
FY23 - Grants and Ongoing
Programs. It is the intent of the
Council to ask the Administration to
evaluate the extent to which new
City programs have been created
through grants whose costs have
continued beyond the life of the
grant. The Council will use this
information to inform a policy or
system for evaluating when and
whether it is appropriate for the
City to create new programs with
grants.
Open.
The Administration reported that the Finance Department is
working on a five-year historical trend for grants moving into
new programs. Further detail regarding the approach the
Finance Department will take, and the information gathered
is forthcoming.
➢The Council may wish to inquire about an
estimated date that this work will be complete.
FY22 - Expanded Funding Our
Future Definition. It is the intent
of the Council that the definition of
“public safety” for allocation of
Funding Our Future revenue
include not only the Police
Department, Fire Department, and
911 Dispatch, but also any social
workers and non-emergency traffic
enforcement programs which are
designed to expand the City’s public
safety alternative response model.
(Note: The current definition
included Fire and 911 Dispatch
since FY2020.)
Close and continue.
The Administration reported that the “public safety”
allocations have been expanded to include:
-Police Department,
-Fire Department,
-911 Dispatch,
-social workers,
-park rangers,
-MRT (Medical Response Team),
-non-emergency traffic enforcement programs
which are designed to expand the City’s public
safety alternative response model.
D. Fire Department
Title Staff Status Assessment
FY23 - Fire Department
Costs. It is the intent of the
Council to ask the
Administration to evaluate:
1. Options for recouping
costs for calls at the
University of Utah.
2. The City’s hazardous
materials ordinance,
and implementation of
that ordinance, to
assure that the City is
reimbursed from
private insurance
payments to those
responsible for an
incident.
3. Continue evaluating
options for electrified
Fire vehicles.
The Fire Department responded with the following information
(staff recommendation follows each item):
1. The Department responds to Fire and Medical calls on
the University of Utah campus, but since the university is
tax-exempt, it does not pay for these services. It would
require action by the Utah State Legislature to allow a
method of cost recuperation. The Department states that
it maintains a strong working relationship with the
university regarding fire/medical response, as well as fire
prevention. Close and complete.
2. The Department follows City ordinance, which allows for
cost recovery of negligent or otherwise purposeful acts
requiring hazardous material response. The individual or
entity responsible is invoiced the actual cost of responding
to the incident and the Department has had a high success
rate recently in collecting payment. This allows their
specialty operations budget to be replenished once the
Council adopts it in a budget amendment. Close and
continue.
3. The Department stated: “Electrified fire vehicles are
currently being evaluated by Fire and Fleet as potential
options for future use. There are few electric fire
truck/engine options on the market and it’s important
we select the suitable one for our response model. Fire
and Fleet have collaborated with early electric fire
vehicle adopters and are evaluating all available options.
In addition to the vehicle itself, careful consideration of
the current infrastructure is required to ensure seamless
and continual operations. It is anticipated that the
electric fire vehicle will be successful in Salt Lake City.
Fire is committed to our environment and it’s a matter of
when, not if, we acquire electrified heavy apparatus.”
Close and continue.
E. Mayor’s Office
Title Staff Status Assessment
FY23 - Evaluating Efficiencies across Diversified Response
Teams. It is the intent of the Council to periodically evaluate the
diversified response teams across the City to determine whether
Open.
there are opportunities to eliminate redundancies and/or gain new
efficiencies.
1. The following programs would be included as part of the
“diversified response model”:
a. Fire Department – Community Health Access Team
(CHAT), Medical Response Team (MRT)
b. Police Department – Social Worker Co-Responders,
Civilian Response Team
c. CAN (in partnership with other entities in some cases)
– Downtown Ambassadors (including expanded areas),
Homeless Engagement and Response Team (HEART),
Code Enforcement
d. Public Lands – Park Rangers Program
e. Public Services – Community Cleaning Program (CCP),
Rapid Intervention Team
f. 911 Department – partnership with Mobile Crisis
Outreach Team (MCOT)
The Council further intends that the Administration provide
information in six months and in one year [from June 2022] so that
the Council can evaluate these programs, and specified the
following details:
a. Clarify roles of each team and how a call for service is
routed from one team to another.
b. Track as much data as possible to determine which
indicators are most important for future reviews. These
would include data such as: number of calls for service;
number of diversions from a police-only response;
response times for teams; changes in police response
times; volume of calls by time of day and day of the
week; referrals to other agencies; and other outputs and
outcomes.
c. Find ways to provide this data with the Council and the
public in a coordinated way.
d. Inform the public and other levels of government as
these programs are rolled out.
The Administration reported
that response is forthcoming
on these programs.
➢The Council may wish
to inquire about an
estimated date that
this work will be
complete.
FY23 - Importance of Plan Adoption. It is the intent of the
Council that City departments and divisions rely only on plans that
have been duly adopted by the legislative body as the basis or
building blocks for additional City policy or budget guidance.
Close and continue.
The Administration reported
that a response is
forthcoming.
F. Police Department
Title Staff Status Assessment
FY21 - Police Department Role. It is the intent of the Council to re-evaluate the role the City
asks the Police Department to play, and the budget to fulfill that role, and ask the Administration to
evaluate moving certain programs out of the Police Department, like social workers, and potentially
add a function to the Human Resources Department to enhance the independence of the Internal
Affairs unit. Note: Park rangers were removed from this intent when the program was shifted to
the Department of Public Lands.
1. Social Workers.Close and complete.
The Administration responded that hiring processes are ongoing
to fill vacant positions. The Department also is looking into
hiring part-time social workers to help facilitate shift coverage
on evenings and weekends, using attrition savings from the
vacant positions.
➢The Council may wish to ask for an update on the
number of positions filled and the share of evening
and weekend shifts now covered.
2. Internal Affairs Unit.Open.
The Department hired a civilian director for the Internal
Affairs Unit, which is now part of the Chief’s Office. The
director works closely with the City’s Human Resources
Department, the independent Civilian Review Board, and the
public. This director is not a sworn officer, which allows for
continuity and steady leadership since the position is not
subject to rotating assignments.
➢The Legislative Intent indicated that the Council’s
interest was “to enhance the independence of the
Internal Affairs unit.” The Council may wish to
ask how this new position helps further that goal,
and whether the City’s Human Resources
Department has taken on any new roles.
3. Police Civilian Response
Team (CRT).
Open.
Ten qualified applicants and a supervisor began the work of the
PCRT (Police Community Response Team) in January 2023,
after being funded for six months in the FY23 Budget. Two
additional positions were funded, and an additional hiring
process will be completed to hire for these “when the program is
established, and time allows.” The Police Department steering
committee established job descriptions, the recruitment
process, and a 14-week training program for these positions.
FY21 - Police Department
Zero-based Budget
Exercise. It is the intent of the
Council to hire an independent
auditor to evaluate each line
item in the Police Department
budget with the goal of
conducting a zero-based budget
exercise, which takes the budget
apart and builds it back in a
way that aligns with the policy
goals of the Council, Mayor and
public. A report back to the
Council would happen in
September, or sooner if
possible.
Close and continue.
The Department stated: “The Police Department continues to
participate in program-based budgeting which has facilitated
budget reviews for programs beginning at a base level and
evaluating current program needs, not just based on
historical budgeting. The process is dynamic and continues to
progress while the migration to the City’s new Enterprise
Resource Planning (ERP) is completed.”
G. Public Lands Department
Title Staff Status Assessment
FY23 - Transition to
Environmentally
Sustainable Weed Control
in Public Lands. It is the
intent of the Council to request
the Public Lands Department,
including the Golf Division,
transition to environmentally
sustainable treatments for
weeding and pest control in
future years, acknowledging
that this may require budget
adjustments. This is consistent
with an existing Sustainability
Department policy.
Close and continue.
The Golf Division, Trails and Natural Lands Division, and Parks
Division are advancing in the transition to environmentally
sustainable weed and pest control chemicals.
In partnership with the Utah State University Extension, SLC
Golf has adopted a comprehensive “Integrated Pest
Management” for its turfgrass that uses a combination of control
methods to significantly reduce reliance on toxic.
Because of the “abundance of noxious, invasive and nonnative
species” on most City natural areas, the Trails and Natural Lands
Division uses herbicides along with cultural, biological, and
mechanical techniques for weed control. The Department
contracted SWCA environmental consulting to update their
Invasive Pest Management Plan (IPMP) which will be completed
in Spring 2023.
The Parks Division has been experimenting with and adjusting
weed control procedures, mostly in turf areas. It also is working
with both Golf and the Trails and Natural Lands Division to
adopt appropriate practices, and plans to determine a
sustainable weed management approach by next year.
FY22 - Public Lands
Maintenance [Funding
Estimates]. It is the intent of
the Council that the
Administration provide an
estimate of the funding that
would be needed to adequately
maintain all of the City's public
lands. This estimate should
include the number of FTEs, as
well as supplies, equipment,
and appropriate signage.
Close and complete.
The Public Lands Department presented a 30-page report titled
Adequately Maintaining SLC’s Public Lands to the Council on
May 2, 2023, to address this legislative intent (see Attachment
#2). It is based on a complex framework that includes full
staffing at appropriate wages, replacement of failing
infrastructure, and unfunded responsibilities, including tasks
like weed abatement and tree maintenance. The bottom line is
that in today’s prices, fully funding one-time maintenance needs
would cost over $35.4 million, and ongoing funding would
require another $10.2 million.
FY22 – Golf Fund Update. It is the intent of the Council that the Administration provide
information on the following items in anticipation of a work session briefing to review and discuss
options for the Golf Fund. (Note: this item consolidates Legislative Intents from FY21, FY20, and
FY19.)
i.Golf Food and Beverage
Options: A review of the
specific open space zoning
ordinances, with the goal of
removing barriers to providing
additional food and beverage
options in golf courses. To the
extent that barriers exist in
State law the Council requests
an analysis of those, and that
changing them be identified as
a future legislative priority.
Close and complete.
The Division’s response included the following information (the
full response can be found on pages 134 to 136 of the FY24
MRB):
“The two main obstacles to providing additional food
and beverage services are:
•Lack of interest from potential concessionaires
due to lack of revenue potential, difficulty in
hiring and retaining workers and providing
needed upfront capital needed to begin the
operations. Additionally, the cost of providing
expanded alcohol offerings is significant above a
standard beer permit required to sell beer at a
recreation facility (golf course) and therefore
concessionaires stick to selling only beer.
•The State restriction to the City as an applicant
for beer license. City Code 15.08.050 makes it
unlawful for a person to consume beer in a City
park, unless it is a park in which the City has
expressly granted a concessionaire operating in
the park a license to sell beer. The City’s golf
courses are “parks” as defined in chapter 15.04.”
H. Public Services Department
Title Staff Status Assessment
FY15 – Maintenance of Business
Districts. It is the intent of the Council
to hold a briefing regarding the costs of
enhanced services provided to the
Central Business District, in order to
consider: a) revising how City services
are provided and paid for, b) services
that may be offered to other established
or developing Business Districts in the
City, and c) maintenance of amenity
upgrades (such as lighting and
benches). It is also the intent of the
Council that this discussion happen in
time to incorporate any changes into
the renewal of the Central Business
Open.
The Council may wish to schedule a briefing with multiple
departments to discuss this further.
The Public Services Department’s full response can be
found on FY24 MRB pages 136 to 137. It notes that:
1. The current maintenance funding for the Central
Business District and the Sugar House Central
Business District comes from the general fund and
covers a variety of basic maintenance items.
Additional amenities that have been added over time
have increased costs, but the operational budget has
not increased at a commensurate rate.
District agreement and Sugar House
Business District.
2. There is no mechanism in place to provide funding for
any additional services from sources outside the
general fund. The Department does respond to
demand and new requests as they are added through
increased budget asks, but there has been no
additional expansion of existing programs.
I. Public Utilities Department
Title Staff Status Assessment
FY23 - Water Usage by
the City. It is the intent of
the Council to ask the
Administration to evaluate
water usage by the City and
make recommendations for
water conservation. This
includes evaluation of water
savings opportunities for
CIP projects. Staff note: In
September 2022, the
Council added an analysis
of the water fee schedule as
part of this intent.
Open.
Water use within the City is tracked by the Public Lands Department
and the Public Services Department level. Their full responses can
be found on the FY24 MRB pages 137 to 138.
o Public Services: The Facilities Division implements water
reduction strategies when and where possible, resulting in
reduced water consumption over the past several years. New
capital projects are always reviewed for best practices in water
efficiency and energy usage.
o Public Lands, Parks Division. Because of the age of most
irrigation systems, the Department’s can track water savings
only by adjusting watering schedules and then reviewing the
monthly billings from the Public Utilities Department for each
park district. There are water flow sensors on some systems
which determine if there are leaks and to shut off valves if
necessary. The older systems also present a significant threat
to the existing urban forest because they lack root watering
systems, so under drought conditions when water use must be
limited, trees these trees are at risk of health problems and
death. The establishment of root watering systems that waters
trees directly while being able to reduce overhead watering is
standard practice for all new project implementation, but old
irrigation systems must eventually be modified or replaced.
o Public Lands, Golf Division. On courses where irrigation
systems have been updated, daily water usage is applied on the
courses using software tied to flow meters in different zones.
Where new irrigation systems have not been installed, the Golf
Division follows the same procedures as the Parks Division
(see about). The Division states “The most important asset on
a course for bringing in more players is the playing surface,
the fairways, approaches, tees, and the greens.”
o Cost. The preliminary cost estimate for updating irrigation
systems presented in Maintaining SLC’s Public Lands is $13.1
million for Parks and 11.9 million for Golf. (See Attachment 2.)
J. Redevelopment Agency (RDA)
Title Staff Status Assessment
1.FY23 - New Programs and Capital
Accounts Review. It is the intent of the RDA
Board in future budget years to consolidate the
budgeting and policy development steps for
new programs so that funding is allocated once
the Board has had the opportunity to get a full
understanding of the proposal and to exercise
their policy making discretion. It is further the
intent of the Council to review by December
2022 all RDA accounts that contain balances to
determine whether the appropriations still
align with the goals of the Board.
Close and Continue.
1. The RDA responded that it will prioritize ensuring
that policy is developed prior to the allocation of
funds for new programs. It also noted that account
balance information will be available under the
new ERP system.
a.FY23 - Prioritize Equity and Variety of
Professional Opportunities. It is the intent
of the RDA Board to continue to collaborate
with the Administration and prioritize equity
and inclusion in the Board's policy, oversight,
and budget decisions. In doing so, the Board
intends to request options from the City
Administration and RDA staff that maximize
opportunities for meaningful involvement for a
wide array of developers and professionals.
Further, it is the intent of the Board to
authorize funding for projects that support
walkability and are built at a scale to encourage
human interaction and include architectural
interest and variety.
Close and Continue.
The RDA responded that this intent coincides with
its Equitable and Inclusive Development Work
Plan, which outlines the RDA’s equitable and
inclusive development goals as well as action items
for staff to support these efforts.
b. In addition, the RDA’s Guiding Framework
includes Core Values, among which is
Neighborhood Vibrancy. This incorporates
Walkability as one of the Livability Benchmarks,
with the stated intent to “promote walkable
neighborhoods and connectivity, and support a
safe, engaging pedestrian experience.
FY22 - Structure of Accounts within
RDA and All Other Departments,
including Fund Balances and Previous
Capital Projects. It is the intent of the
Council/Board to review the full structure of
RDA accounts with RDA and Finance Staff,
including fund balances and capital projects
funded in previous years. The Board may wish
Close and complete.
The RDA responded, “The efforts requested in this
Legislative Intent are being undertaken as part of
the preparation for the implementation of the new
ERP system.”
to discuss with the RDA and Finance staff the
best way to get this information on a real-time
basis. Staff note: The City’s Enterprise
Resource Planning (ERP) effort will help in
tracking/providing this information in a less
labor-intensive way, although the horizon for
full implementation could be just over a year.
K. Sustainability Department
Title Staff Status Assessment
FY23 - Sustainability Holding Account. It is
the intent of the Council to allocate the following
items in the Sustainability Department to a holding
account pending further discussion with the
Council. The Council supports these items, but
policy guidance from the Council is needed, and
extends to the overall role that the City’s
Sustainability Department should play in the
community.
a. $214,000 for EV Charging Stations,
b. $300,000 for electrified transportation
planning, and
c. $125,000 food equity funding request.
Close and complete.
The Sustainability Department discussed the
holding accounts and intended use of the
funds with the City Council in work sessions
held September through November 2022. The
Council approved releasing the funds for
expenditure and the Department is in process
of establishing agreements and launching the
following projects.
L. Council-Led Intents
Title Staff Status Assessment
FY23 - CAN/RDA/DED Role Clarity. It is the intent of
the Council to further clarify the roles of Community and
Neighborhoods, the Redevelopment Agency, and the
Department of Economic Development as they relate to
housing and commercial development and assistance.
Close and continue.
The Council has continued to track
this topic as issues have been raised
relating to funding for housing and
grant assistance. Staff will continue
to note the issue when proposals are
before the Council.
a.FY23 - Rotating Outside Auditing of Each City
Department. It is the intent of the City Council to re-
establish its practice of conducting management and
Open.
In a recent Council discussion,
Council Members expressed an
performance audits of City departments, divisions, and
functions on a rotating basis in the coming years. These
audits are in addition to the financial audit that the City
Council oversees annually. The audits are intended to bring
consultants in for an independent look at existing City
services to identify opportunities for improved efficiencies.
In addition to a focus on identifying potential efficiencies,
the Council intends to ask the auditors to identify or evaluate
professional best practices, definitions of success for each
program, metrics associated with key functions, and any
duplication that exists with other City departments and/or
other levels of government. The Council intends for the
audits to inform evaluations of how City services are meeting
residents’ needs while being fiscally responsible with the
taxpayer dollars.
interest in starting with the Division
of Housing Stability. Staff is working
with the Administration on
developing a scope and will return to
the Council with a draft.
FY21 – Police Department Reporting Ordinance. The
Council intends to work with the Attorney’s Office to create
an ordinance that establishes reporting requirements for
internal information collected by and related to the Police
Department. (Shifted from Police Department Intents.)
-The Council adopted a body worn camera ordinance in
2020, but not broader reporting metrics.
-Initially, the Council also intended to create an ordinance
that establishes reporting requirements for internal
information collected by and related to the PD.
-The Council’s operational audit of the PD (Matrix
Consulting) recommended expanding public reporting, such
as metrics related to:
o internal affairs,
o external complaints,
o workforce demographics and vacancies,
o body worn cameras (new software to facilitate
review was funded), and
o use of force.
Open.
Update: Council staff is working
with the Attorney’s Office to
determine next steps for this item.
ATTACHMENTS
Attachment C1. Annual Schedule for Review of Legislative Intents.
Attachment C2.Maintaining SLC’s Public Lands.
1
A. Attorney’s Office
Title Staff Status Assessment
FY23 - Boarded Building Fee (with Finance and CAN). It
is the intent of the Council to ask the Administration for a
timeframe when the Council can consider an updated boarded-
building fee, or request that the Attorney’s Office provide a draft
directly to the Council Office. The boarded building fee would
include the full City costs of monitoring and responding by Police,
Fire, and other City departments at these properties. Note: This
incorporates FY22 Intent to update the boarded-building fee.
Open.
The Council Office received a transmittal with a
proposed fee. After transmitting, the Attorney’s
Office indicated that it needed to go to the
Planning Commission before Council
consideration. It will be sent to the Council after
the Planning Commission has an opportunity to
review and make its recommendations.
FY23 - Open and Public Meetings Act (OPMA). It is the
intent of the Council to ask the Administration to ensure that any
City loan or grant processes comply with the Open and Public
Meetings Act (OPMA). The Council could request that the City
Attorney’s Office develop an ordinance more specifically
codifying this understanding.
Open.
The Attorney’s Office response is forthcoming.
FY23 - Ordinance Governing Donations to the City. It is
the intent of the Council that a new, more streamlined donation
ordinance be developed by the City Attorney’s Office for
consideration by the Council in Fall, 2022. The Council further
requests that while this ordinance is being prepared, the
Administration create a tracking sheet for any donations, and
work across City departments on a consistent process to support
continued transparency and documentation of donor intents. It
is the Council’s intent to rescind the current ordinance at the
earliest opportunity, in order to avoid stifling opportunities for
potential public/private partnerships.
Close and complete.
The ordinance was developed by the Attorney’s
Office and adopted by the Council. The changes
now appear here:
https://codelibrary.amlegal.com/codes/saltlake
cityut/latest/saltlakecity_ut/0-0-0-45346).
FY21 – Decriminalization Review of City Code. It is the
intent of the Council that an in-depth review be conducted of the
City Code to consider items that could be de-criminalized.
Council staff could work with Council Members and the City
Attorney’s Office to draft a scope and come back with a report on
the timeline.
Open.
The Attorney’s Office response is forthcoming. It
has reported that its initial review revealed that
more attention and expertise will be needed to
complete this review, including the involvement
of the Prosecutor’s Office. The project will be
continued in the coming fiscal year.
➢The Council may wish to ask whether
the Attorney’s Office plans to request
any additional budget allocation for
this project, and whether there is an
updated timeline estimate.
2
B. Community and Neighborhoods Department
Title Staff Status Assessment
FY23 - Free Fare in Winter Months. It
is the intent of the Council to ask the
Administration to build on the success of
Free Fare February in 2022, seeking
partners to provide funding again next
winter and extending it for three months.
The Council would fund the City portion of
the cost through a future budget
amendment.
Close and Continue.
The Administration noted that the City is mostly in an advocacy role.
The Mayor’s Office has been continuing conversations with UTA,
regional, and State leaders.
FY23 - Expediting Traffic Calming
Projects. It is the intent of the Council to
ask the Administration to evaluate the
workflow among CAN and Public Services
Divisions that delivers previously-funded
traffic calming projects, identify any
bottlenecks in the system, and return to the
Council with suggestions for ways to
address them.
Close and Continue.
The Transportation Division (CAN) and the Engineering Division
(Public Services) reported that they had developed a process to
implement the Livable Streets Program. Project complexity will
determine the Engineering Division’s involvement in design and
construction. Simple projects with off-the-shelf designs will be
managed by Transportation Division staff, using on-call city
contractors to speedily install traffic calming devices/elements
without Engineering Division involvement. More complex projects
will use Engineering Division staff to design and advertise projects for
bidding and construction. The Divisions will work together to develop
a metric by which a project is classified as off-the-shelf/quick-build
versus complex. Data and experience from the first calendar year of
the program’s operation will help Transportation and Engineering
identify any bottlenecks in the system.
FY23 - Youth and Family Program
Streamlining. It is the intent of the
Council to ask the Administration to
evaluate whether to consolidate all City
youth and family programs into the Youth
& Family Division. The purpose would be
to increase efficiency and propose options
for future budget discussions. Additionally,
the Council would like the Administration
to evaluate the City’s role in youth and
family programming in relation to other
community organizations to identify
efficiencies and reduce duplication,
factoring in overall community demand for
those services.
Close and Continue.
The FY24 Mayor’s Recommended Budget proposes $100,000 for a
Youth & Family Strategic Plan to help ensure that the City effectively
serves local youth and does not duplicate other community programs.
Youth City also reported the following information.
•“YouthCity provides seamless out of school time programs for
youth ages 6-18. Several factors distinguish YC programs
from other City, nonprofit and school-based programs and
services.
•YouthCity is designed to support and augment school day
learning using evidence-based curriculums. All programs
undergo a rigorous assessment 4 times per year.
•Since inception, YouthCity has actively partnered with other
service groups and out of school time providers. […] Youth
and Family staff have maintained an active leadership role in
Utah Afterschool Network. The most recent data indicates
3
that there are 3 out of school time slots for every 5 youths
needing support and/or care.
•There are three additional youth programs offered by the Salt
Lake City Police Department and a vocational program
offered by the Salt Lake Fire Department. Each of the
programs exist under the direction of staff who are experts in
their field.”
FY22 - Trips-to-Transit Expansion
Evaluation. It is the intent of the Council
that the Administration provide their
strategy for evaluating whether to expand
the Trips-to-Transit program, which will
begin to serve Westside neighborhoods in
late 2021, to other areas of the City.
Open.
The Administration recommended maintaining the current service
area for several more years to better determine what would be needed
for program expansion to other areas.
The Transportation Division uses ridership levels and cost-per-rider
data as guides to potential expansion. Data from Phase 1 (service to
Westside communities) will be available in the next year or two and
will allow the Transportation Division to forecast the potential for
expansion in these neighborhoods.
➢The Council may wish to ask whether there is an
estimated date that Phase 1 data will become available,
and when a Council update could take place.
FY21 - Transfer Housing Trust Fund
Development Loans and Payments to
RDA. The Council intends to transfer the
Housing Trust Fund’s housing
development-loan-related balances and
payments to be overseen by the RDA.
Close and Continue.
CAN’s Housing Trust Fund balance sheets and loans were transferred
to the RDA in FY22 Budget Amendment 7, and physical and
electronic loan files were transferred to the RDA. The RDA, the
Housing Stability Division, and the Attorney’s Office are currently
preparing code modifications for the Housing Trust Fund Advisory
Board.
➢The Council may wish to ask about the status of the
code modifications to the Housing Trust Fund Advisory
Board.
4
C. Finance Department
Title Staff Status Assessment
FY23 - Tenant Ombudsman. It is the intent of the
Council to ask the Administration to explore adding a
tenant ombudsman in the Landlord/Tenant Program
(also known as the Good Landlord Program) to serve
the growing number of renters among City residents.
The Council requests that the Administration return
with a potential scope of work for one or more FTEs,
keeping in mind services already provided by outside
agencies to avoid duplication, and building on work
done by the City’s consumer financial protection
analyst.
Close and Continue.
A Housing and Consumer Protection Analyst FTE was
approved by the Council in FY23 Budget Amendment #3.
This position is designed to continue previous work on
consumer protection performed in the Mayor’s Office, as
well as assessing the needs and gaps in protecting
residential tenant rights.
The Administration stated that this position would:
“work closely with community partners and the City’s
Landlord/Tenant team to identify violations of tenant
protections and coordinate existing tenant education,
mediation services, legal services, and eviction prevention
resources.”
It would also: “develop methods and find venues to
conduct community education and outreach to raise
public awareness of the programs while identifying
policy gaps in tenant protections.”
The Administration also reported that the existing
Landlord/Tenant Program partners with a number of
outside agencies to identify tenant protection violations.
The services include disputes with landlords who don’t
return deposits, evictions, and other issues. The City refers
tenants to Utah Legal Services (which offers income-
restricted assistance) and the following additional services
and resources:
- Disability Law Center
- Utah Housing Coalition
- Pro-Bono Initiative
- People’s Legal Aid
- HUD Assistance (Offers Renter’s Kit & Fair
Housing information)
- Utah Anti-Discrimination and Labor Division
- Utah Bar Association
- Utah State Courts -Renter’s Rights
- The Good Landlord, Tom Wood
- Landlord-Tenant Mediation program through
Utah Community Action
- Tenant Legal Representation program through
Utah Legal Services
➢The Council may wish to that the
Administration develop specific metrics to
measure and report the impact of this position.
5
FY23 - Covenants Education in the
Landlord/Tenant Program. It is the intent of the
Council that the Administration include training for
property owners on Covenants, Conditions and
Restrictions (CCRs) in the City’s Landlord/Tenant
Program. This training should clarify the differences
between enforceable CCRs and unconstitutional CCRs,
including those which would discriminate against a
federally recognized protected class. The Council also
requests that implicit bias training be added to the
program’s education materials.
Close and Continue.
The Administration reported that the owner and operator
of The Good Landlord, Tom Wood, collaborates with the
City for its Landlord/Tenant program. He confirmed that
his training program does include Covenants, Conditions,
and Restrictions (CCRs) as well as training on implicit
biases such as race, age, and gender. The Administration
stated that if the Council desires, Mr. Wood could provide
a short demonstration of his training.
FY23 - Consolidated Fee Schedule Holistic
Review. It is the intent of the Council to complete a
holistic evaluation of the City’s Consolidated Fee
Schedule in conjunction with the Finance Department.
This evaluation would include equity considerations
and evaluate whether to increase, reduce, or in some
cases eliminate, City fees.
Open
In 2022, the Administration reported that the Finance
Department is ready and available to respond to any
Council recommendations for an evaluation of the
Consolidated Fee Schedule. Council staff will follow up
with Finance on this effort.
FY23 - Grants and Ongoing Programs. It is the
intent of the Council to ask the Administration to
evaluate the extent to which new City programs have
been created through grants whose costs have
continued beyond the life of the grant. The Council
will use this information to inform a policy or system
for evaluating when and whether it is appropriate for
the City to create new programs with grants.
Open.
The Administration reported that the Finance Department
is working on a five-year historical trend for grants moving
into new programs. Further detail regarding the approach
the Finance Department will take, and the information
gathered is forthcoming.
➢The Council may wish to inquire about an
estimated date that this work will be
complete.
FY22 - Expanded Funding Our Future
Definition. It is the intent of the Council that the
definition of “public safety” for allocation of Funding
Our Future revenue include not only the Police
Department, Fire Department, and 911 Dispatch, but
also any social workers and non-emergency traffic
enforcement programs which are designed to expand
the City’s public safety alternative response model.
(Note: The current definition included Fire and 911
Dispatch since FY2020.)
Close and Continue.
The Administration reported that the “public safety”
allocations have been expanded to include:
-Police Department,
-Fire Department,
-911 Dispatch,
-social workers,
-park rangers,
-MRT (Medical Response Team),
-non-emergency traffic enforcement programs
which are designed to expand the City’s public
safety alternative response model.
6
D. Fire Department
Title Staff Status Assessment
FY23 - Fire Department Costs. It is the intent
of the Council to ask the Administration to
evaluate:
1. Options for recouping costs for calls at the
University of Utah.
2. The City’s hazardous materials ordinance,
and implementation of that ordinance, to
assure that the City is reimbursed from
private insurance payments to those
responsible for an incident.
3. Continue evaluating options for electrified
Fire vehicles.
The Fire Department responded with the following information
(staff recommendation follows each item):
1. The Department responds to Fire and Medical calls on
the University of Utah campus, but since the university
is tax-exempt, it does not pay for these services. It would
require action by the Utah State Legislature to allow a
method of cost recuperation. The Department states that
it maintains a strong working relationship with the
university regarding fire/medical response, as well as
fire prevention. Close and Complete.
2. The Department follows City ordinance, which allows
for cost recovery of negligent or otherwise purposeful
acts requiring hazardous material response. The
individual or entity responsible is invoiced the actual
cost of responding to the incident and the Department
has had a high success rate recently in collecting
payment. This allows their specialty operations budget
to be replenished once the Council adopts it in a budget
amendment. Close and Continue.
3. The Department stated: “Electrified fire vehicles are
currently being evaluated by Fire and Fleet as potential
options for future use. There are few electric fire
truck/engine options on the market and it’s important
we select the suitable one for our response model. Fire
and Fleet have collaborated with early electric fire
vehicle adopters and are evaluating all available
options. In addition to the vehicle itself, careful
consideration of the current infrastructure is required
to ensure seamless and continual operations. It is
anticipated that the electric fire vehicle will be
successful in Salt Lake City. Fire is committed to our
environment and it’s a matter of when, not if, we
acquire electrified heavy apparatus.” Close and
Continue.
7
E. Mayor’s Office
Title Staff Status Assessment
FY23 - Evaluating Efficiencies across Diversified Response
Teams. It is the intent of the Council to periodically evaluate the
diversified response teams across the City to determine whether there are
opportunities to eliminate redundancies and/or gain new efficiencies.
1. The following programs would be included as part of the “diversified
response model”:
a. Fire Department – Community Health Access Team (CHAT),
Medical Response Team (MRT)
b. Police Department – Social Worker Co-Responders, Civilian
Response Team
c. CAN (in partnership with other entities in some cases) –
Downtown Ambassadors (including expanded areas),
Homeless Engagement and Response Team (HEART), Code
Enforcement
d. Public Lands – Park Rangers Program
e. Public Services – Community Cleaning Program (CCP), Rapid
Intervention Team
f. 911 Department – partnership with Mobile Crisis Outreach
Team (MCOT)
The Council further intends that the Administration provide information in
six months and in one year [from June 2022] so that the Council can
evaluate these programs, and specified the following details:
a. Clarify roles of each team and how a call for service is routed
from one team to another.
b. Track as much data as possible to determine which indicators
are most important for future reviews. These would include
data such as: number of calls for service; number of diversions
from a police-only response; response times for teams; changes
in police response times; volume of calls by time of day and day
of the week; referrals to other agencies; and other outputs and
outcomes.
c. Find ways to provide this data with the Council and the public
in a coordinated way.
d. Inform the public and other levels of government as these
programs are rolled out.
Open.
The Administration reported that
response is forthcoming on these
programs.
➢The Council may wish to
inquire about an estimated
date that this work will be
complete.
FY23 - Importance of Plan Adoption. It is the intent of the Council
that City departments and divisions rely only on plans that have been duly
adopted by the legislative body as the basis or building blocks for
additional City policy or budget guidance.
Close and continue
The Administration reported that a
response is forthcoming.
8
F. Police Department
Title Staff Status Assessment
FY21 - Police Department Role. It is the intent of the Council to re-evaluate the role the City asks the Police
Department to play, and the budget to fulfill that role, and ask the Administration to evaluate moving certain
programs out of the Police Department, like social workers, and potentially add a function to the Human Resources
Department to enhance the independence of the Internal Affairs unit. Note: Park rangers were removed from this
intent when the program was shifted to the Department of Public Lands.
1. Social Workers.Close and complete.
The Administration responded that hiring processes are ongoing
to fill vacant positions. The Department also is looking into hiring
part-time social workers to help facilitate shift coverage on
evenings and weekends, using attrition savings from the vacant
positions.
➢The Council may wish to ask for an update on the
number of positions filled and the share of evening
and weekend shifts now covered.
2. Internal Affairs Unit.Open.
The Department hired a civilian director for the Internal Affairs
Unit, which is now part of the Chief’s Office. The director works
closely with the City’s Human Resources Department, the
independent Civilian Review Board, and the public. This director
is not a sworn officer, which allows for continuity and steady
leadership since the position is not subject to rotating
assignments.
➢The Legislative Intent indicated that the Council’s
interest was “to enhance the independence of the
Internal Affairs unit.” The Council may wish to ask
how this new position helps further that goal, and
whether the City’s Human Resources Department
has taken on any new roles.
3. Police Civilian Response Team (CRT).Open.
Ten qualified applicants and a supervisor began the work of the
PCRT (Police Community Response Team) in January 2023, after
being funded for six months in the FY23 Budget. Two additional
positions were funded, and an additional hiring process will be
completed to hire for these “when the program is established, and
time allows.” The Police Department steering committee
established job descriptions, the recruitment process, and a 14-
week training program for these positions.
9
FY21 - Police Department Zero-based
Budget Exercise. It is the intent of the
Council to hire an independent auditor to
evaluate each line item in the Police
Department budget with the goal of
conducting a zero-based budget exercise,
which takes the budget apart and builds it
back in a way that aligns with the policy goals
of the Council, Mayor and public. A report
back to the Council would happen in
September, or sooner if possible.
Close and Continue.
The Department stated: “The Police Department continues to
participate in program-based budgeting which has facilitated
budget reviews for programs beginning at a base level and
evaluating current program needs, not just based on historical
budgeting. The process is dynamic and continues to progress
while the migration to the City’s new Enterprise Resource
Planning (ERP) is completed.”
10
G. Public Lands Department
Title Staff Status Assessment
FY23 - Transition to Environmentally Sustainable
Weed Control in Public Lands. It is the intent of the
Council to request the Public Lands Department, including
the Golf Division, transition to environmentally sustainable
treatments for weeding and pest control in future years,
acknowledging that this may require budget adjustments.
This is consistent with an existing Sustainability Department
policy.
Close and Continue.
The Golf Division, Trails and Natural Lands
Division, and Parks Division are advancing in the
transition to environmentally sustainable weed and
pest control chemicals.
In partnership with the Utah State University
Extension, SLC Golf has adopted a comprehensive
“Integrated Pest Management” for its turfgrass that
uses a combination of control methods to
significantly reduce reliance on toxic.
Because of the “abundance of noxious, invasive and
nonnative species” on most City natural areas, the
Trails and Natural Lands Division uses herbicides
along with cultural, biological, and mechanical
techniques for weed control. The Department
contracted SWCA environmental consulting to
update their Invasive Pest Management Plan
(IPMP) which will be completed in Spring 2023.
The Parks Division has been experimenting with
and adjusting weed control procedures, mostly in
turf areas. It also is working with both Golf and the
Trails and Natural Lands Division to adopt
appropriate practices, and plans to determine a
sustainable weed management approach by next
year.
FY22 - Public Lands Maintenance [Funding
Estimates]. It is the intent of the Council that the
Administration provide an estimate of the funding that would
be needed to adequately maintain all of the City's public
lands. This estimate should include the number of FTEs, as
well as supplies, equipment, and appropriate signage.
Close and complete.
The Public Lands Department presented a 30-page
report titled Adequately Maintaining SLC’s Public
Lands to the Council on May 2, 2023, to address
this legislative intent (see Attachment #2). It is
based on a complex framework that includes full
staffing at appropriate wages, replacement of
failing infrastructure, and unfunded
responsibilities, including tasks like weed
abatement and tree maintenance. The bottom line
is that in today’s prices, fully funding one-time
maintenance needs would cost over $35.4 million,
and ongoing funding would require another $10.2
million.
11
FY22 – Golf Fund Update. It is the intent of the Council that the Administration provide information on the
following items in anticipation of a work session briefing to review and discuss options for the Golf Fund. (Note: this
item consolidates Legislative Intents from FY21, FY20, and FY19.)
i.Golf Food and Beverage Options: A review of the specific
open space zoning ordinances, with the goal of removing
barriers to providing additional food and beverage options in
golf courses. To the extent that barriers exist in State law the
Council requests an analysis of those, and that changing them
be identified as a future legislative priority.
Close and complete.
The Division’s response included the following
information (the full response can be found on
pages 134 to 136 of the FY24 MRB):
“The two main obstacles to providing
additional food and beverage services
are:
•Lack of interest from potential
concessionaires due to lack of
revenue potential, difficulty in
hiring and retaining workers and
providing needed upfront capital
needed to begin the operations.
Additionally, the cost of providing
expanded alcohol offerings is
significant above a standard beer
permit required to sell beer at a
recreation facility (golf course) and
therefore concessionaires stick to
selling only beer.
•The State restriction to the City as
an applicant for beer license. City
Code 15.08.050 makes it unlawful
for a person to consume beer in a
City park, unless it is a park in
which the City has expressly
granted a concessionaire operating
in the park a license to sell beer.
The City’s golf courses are “parks”
as defined in chapter 15.04.”
12
H. Public Services Department
Title Staff Status Assessment
FY15 – Maintenance of Business Districts.
It is the intent of the Council to hold a briefing
regarding the costs of enhanced services provided
to the Central Business District, in order to
consider: a) revising how City services are
provided and paid for, b) services that may be
offered to other established or developing
Business Districts in the City, and c) maintenance
of amenity upgrades (such as lighting and
benches). It is also the intent of the Council that
this discussion happen in time to incorporate any
changes into the renewal of the Central Business
District agreement and Sugar House Business
District.
Open.
The Council may wish to schedule a briefing with multiple
departments to discuss this further.
The Public Services Department’s full response can be found on
FY24 MRB pages 136 to 137. It notes that:
1. The current maintenance funding for the Central Business
District and the Sugar House Central Business District
comes from the general fund and covers a variety of basic
maintenance items. Additional amenities that have been
added over time have increased costs, but the operational
budget has not increased at a commensurate rate.
2. There is no mechanism in place to provide funding for any
additional services from sources outside the general fund.
The Department does respond to demand and new requests
as they are added through increased budget asks, but there
has been no additional expansion of existing programs.
13
I. Public Utilities Department
Title Staff Status Assessment
FY23 - Water Usage by the City. It is
the intent of the Council to ask the
Administration to evaluate water usage by
the City and make recommendations for
water conservation. This includes
evaluation of water savings opportunities
for CIP projects. Staff note: In September
2022, the Council added an analysis of
the water fee schedule as part of this
intent.
Open.
Water use within the City is tracked by the Public Lands Department
and the Public Services Department level. Their full responses can be
found on the FY24 MRB pages 137 to 138.
o Public Services: The Facilities Division implements water
reduction strategies when and where possible, resulting in
reduced water consumption over the past several years. New
capital projects are always reviewed for best practices in water
efficiency and energy usage.
o Public Lands, Parks Division. Because of the age of most
irrigation systems, the Department’s can track water savings only
by adjusting watering schedules and then reviewing the monthly
billings from the Public Utilities Department for each park
district. There are water flow sensors on some systems which
determine if there are leaks and to shut off valves if necessary.
The older systems also present a significant threat to the existing
urban forest because they lack root watering systems, so under
drought conditions when water use must be limited, trees these
trees are at risk of health problems and death. The establishment
of root watering systems that waters trees directly while being
able to reduce overhead watering is standard practice for all new
project implementation, but old irrigation systems must
eventually be modified or replaced.
o Public Lands, Golf Division. On courses where irrigation
systems have been updated, daily water usage is applied on the
courses using software tied to flow meters in different zones.
Where new irrigation systems have not been installed, the Golf
Division follows the same procedures as the Parks Division (see
about). The Division states “The most important asset on a
course for bringing in more players is the playing surface, the
fairways, approaches, tees, and the greens.”
o Cost. The preliminary cost estimate for updating irrigation
systems presented in Maintaining SLC’s Public Lands is $13.1
million for Parks and 11.9 million for Golf. (See Attachment 2.)
14
J. Redevelopment Agency (RDA)
Title Staff Status Assessment
1.FY23 - New Programs and Capital Accounts Review.
It is the intent of the RDA Board in future budget years to
consolidate the budgeting and policy development steps for
new programs so that funding is allocated once the Board
has had the opportunity to get a full understanding of the
proposal and to exercise their policy making discretion. It is
further the intent of the Council to review by December
2022 all RDA accounts that contain balances to determine
whether the appropriations still align with the goals of the
Board.
Close and Continue.
1. The RDA responded that it will prioritize ensuring
that policy is developed prior to the allocation of funds
for new programs. It also noted that account balance
information will be available under the new ERP
system.
a.FY23 - Prioritize Equity and Variety of Professional
Opportunities. It is the intent of the RDA Board to
continue to collaborate with the Administration and
prioritize equity and inclusion in the Board's policy,
oversight, and budget decisions. In doing so, the Board
intends to request options from the City Administration and
RDA staff that maximize opportunities for meaningful
involvement for a wide array of developers and
professionals. Further, it is the intent of the Board to
authorize funding for projects that support walkability and
are built at a scale to encourage human interaction and
include architectural interest and variety.
Close and Continue.
The RDA responded that this intent coincides with its
Equitable and Inclusive Development Work Plan,
which outlines the RDA’s equitable and inclusive
development goals as well as action items for staff to
support these efforts.
b. In addition, the RDA’s Guiding Framework includes
Core Values, among which is Neighborhood Vibrancy.
This incorporates Walkability as one of the Livability
Benchmarks, with the stated intent to “promote
walkable neighborhoods and connectivity, and
support a safe, engaging pedestrian experience.
FY22 - Structure of Accounts within RDA and All
Other Departments, including Fund Balances and
Previous Capital Projects. It is the intent of the
Council/Board to review the full structure of RDA accounts
with RDA and Finance Staff, including fund balances and
capital projects funded in previous years. The Board may
wish to discuss with the RDA and Finance staff the best way
to get this information on a real-time basis. Staff note: The
City’s Enterprise Resource Planning (ERP) effort will help
in tracking/providing this information in a less labor-
intensive way, although the horizon for full implementation
could be just over a year.
Close and complete.
The RDA responded, “The efforts requested in this
Legislative Intent are being undertaken as part of the
preparation for the implementation of the new ERP
system.”
15
K. Sustainability Department
Title Staff Status Assessment
FY23 - Sustainability Holding Account. It is the intent
of the Council to allocate the following items in the
Sustainability Department to a holding account pending
further discussion with the Council. The Council supports
these items, but policy guidance from the Council is needed,
and extends to the overall role that the City’s Sustainability
Department should play in the community.
a. $214,000 for EV Charging Stations,
b. $300,000 for electrified transportation planning, and
c. $125,000 food equity funding request.
Close and Complete.
The Sustainability Department discussed the holding
accounts and intended use of the funds with the City
Council in work sessions held September through
November 2022. The Council approved releasing the
funds for expenditure and the Department is in
process of establishing agreements and launching the
following projects.
16
L. Council-Led Intents
Title Staff Status Assessment
FY23 - CAN/RDA/DED Role Clarity. It is the intent of the Council to
further clarify the roles of Community and Neighborhoods, the Redevelopment
Agency, and the Department of Economic Development as they relate to
housing and commercial development and assistance.
Close and continue.
The Council has continued to
track this topic as issues have
been raised relating to funding for
housing and grant assistance.
Staff will continue to note the
issue when proposals are before
the Council.
a.FY23 - Rotating Outside Auditing of Each City Department. It is the
intent of the City Council to re-establish its practice of conducting management
and performance audits of City departments, divisions, and functions on a
rotating basis in the coming years. These audits are in addition to the financial
audit that the City Council oversees annually. The audits are intended to bring
consultants in for an independent look at existing City services to identify
opportunities for improved efficiencies. In addition to a focus on identifying
potential efficiencies, the Council intends to ask the auditors to identify or
evaluate professional best practices, definitions of success for each program,
metrics associated with key functions, and any duplication that exists with other
City departments and/or other levels of government. The Council intends for
the audits to inform evaluations of how City services are meeting residents’
needs while being fiscally responsible with the taxpayer dollars.
Open.
In a recent Council discussion,
Council Members expressed an
interest in starting with the
Division of Housing Stability.
Staff is working with the
Administration on developing a
scope and will return to the
Council with a draft.
FY21 – Police Department Reporting Ordinance. The Council intends to
work with the Attorney’s Office to create an ordinance that establishes reporting
requirements for internal information collected by and related to the Police
Department. (Shifted from Police Department Intents.)
-The Council adopted a body worn camera ordinance in 2020, but not broader
reporting metrics.
-Initially, the Council also intended to create an ordinance that establishes
reporting requirements for internal information collected by and related to the
PD.
-The Council’s operational audit of the PD (Matrix Consulting) recommended
expanding public reporting, such as metrics related to:
o internal affairs,
o external complaints,
o workforce demographics and vacancies,
o body worn cameras (new software to facilitate review was funded), and
o use of force.
Open.
Update: Council staff is working
with the Attorney’s Office to
determine next steps for this
item.
GENERAL OBLIGATION
BOND SERIES 2023
CITY COUNCIL
June 6, 2023
Overview of Parks, Trails and Open Space
•The General Obligation Series 2023 will be the 1st issuance from
the November 8, 2022, voted authorization
Shall Salt Lake City,Utah,be authorized to issue General Obligation Bonds in a principal amount
not to exceed $85,000,000 and to mature in no more than 21 years from the date or dates of
issuance;such bonds will be issued in accordance with Utah law solely to pay all or a portion of
the costs to acquire,improve,renovate and upgrade various parks,trails,open space and related
facilities and recreational amenities?
•Transmittal Exhibit 2 provides in depth descriptions of the
projects and plans for bond proceeds.
Financing Schedule for the 2023 Bonds
Tuesday, June 6 City Council Work Session
Tuesday, June 13 City Council Meeting –Resolution Adoption
Week of July 17-19 Meet with Rating Agencies
Tuesday, July 25 Receive Ratings
Wednesday, July 26 Post the Preliminary Official Statement
Wednesday, August 2 Bond Sale / Pricing
Wednesday, August 23 Closing
Series 2023 Bond Highlights
•Asking for authorization to borrow up to $25.5 million of
general obligation bonds with a plan to sell approximately $25m
•Assumed interest rate is 5.4% based on current market
conditions with a not to exceed rate of 6%
•Final maturity of not greater than 20 years; most likely a 20-
year final maturity with 10-year call
Project Financing from Bond Series 2023
and Future Bond Issuance ($ in millions)
$9
$0.60 $0.60
$5
$0.50 $0.85 $2 $1.05
$5.06
$18
$8.40
$5.40 $4.50 $3.65
$9.45
$10.94
$0
$5
$10
$15
$20
$25
$30
Glendale Park
(District 2)
Jordan River
Corridor
(Districts 1 & 2)
Public Space at
Fleet Block
(District 5)
Folsom Trail
(Districts 2, 3 &
4)
Fairmont Park
(District 7)
Allen Park
(District 7)
Liberty Park
Playground
(District 5)
Reimagine Salaries, Art &
Contingencies
Series 2023 Future Series
Total voter approved bond funding $85m
Estimated sources and uses of funds
for the Series 2023 Bonds
Sources of Funds
Bond Par Amount $24,855,000
Total Sources of Funds $24,855,000
Uses of Funds
Deposit to Project Construction Fund $24,660,000.00
Cost of Issuance $117,031.75
Total Underwriter’s Discount (0.300%)$74,565.00
Rounding $3,403.25
Total Uses $24,855,000
Source: Stifel, Nicolaus & Company, Inc.
Estimated Debt Service Schedule
Fiscal Year Principal Coupon Interest Net Debt Service
FY2024 875,000.00 4.24%1,046,672.38 1,921,672.38
FY2025 800,000.00 4.29%1,253,318.00 2,053,318.00
FY2026 835,000.00 4.31%1,218,998.00 2,053,998.00
FY2027 870,000.00 4.48%1,183,009.50 2,053,009.50
FY2028 905,000.00 4.53%1,144,033.50 2,049,033.50
FY2029 950,000.00 4.66%1,103,037.00 2,053,037.00
FY2030 995,000.00 4.71%1,058,767.00 2,053,767.00
FY2031 1,040,000.00 4.88%1,011,902.50 2,051,902.50
FY2032 1,090,000.00 4.93%961,150.50 2,051,150.50
FY2033 1,145,000.00 4.98%907,413.50 2,052,413.50
FY2034 1,200,000.00 5.08%850,392.50 2,050,392.50
FY2035 1,260,000.00 5.18%789,432.50 2,049,432.50
FY2036 1,325,000.00 5.23%724,164.50 2,049,164.50
FY2037 1,395,000.00 5.28%654,867.00 2,049,867.00
FY2038 1,470,000.00 5.33%581,211.00 2,051,211.00
FY2039 1,550,000.00 5.78%502,860.00 2,052,860.00
FY2040 1,640,000.00 5.78%413,270.00 2,053,270.00
FY2041 1,735,000.00 5.78%318,478.00 2,053,478.00
FY2042 1,835,000.00 5.78%218,195.00 2,053,195.00
FY2043 1,940,000.00 5.78%112,132.00 2,052,132.00
Total $24,855,000.00 $16,053,304.38 $40,908,304.38
Source: Stifel, Nicolaus & Company, Inc.
Questions?
ERIN MENDENHALL MARY BETH THOMPSON
Mayor Chief Financial Officer
DEPARTMENT OF FINANCE
451 SOUTH STATE STREET, ROOM 245
SALT LAKE CITY, UTAH 84114
TEL 801-535-6403
CITY COUNCIL TRANSMITTAL
__________________________ Date Received: ____________________
Lisa Shaffer, Chief Administrative Officer Date sent to Council: _______________
______________________________________________________________________________
TO: Salt Lake City Council DATE: May 16, 2023
Darin Mano, Chair
FROM: Mary Beth Thompson, Chief Financial Officer___________________________________
SUBJECT: General Obligation (Parks, Trails, and Open Space) Bonds, Series 2023
STAFF CONTACT: Marina Scott, City Treasurer, 801‐535‐6565
DOCUMENT TYPE: Informative Item
RECOMMENDATION: 1) That the City Council hold a discussion on June 6, 2023, in anticipation of
adopting a Bond Resolution for the aforementioned bond issue; 2) That the City Council adopt a
Bond Resolution on June 13, 2023, approving the issuance and sale of up to $25,500,000 principal
amount of Salt Lake City, Utah, General Obligation (Parks, Trails, and Open Space) and give
authority to certain officers to approve the final terms and provisions of and confirm the sale of
the Bonds within certain parameters set forth in the attached Bond Resolution.
BUDGET IMPACT: None. Tax collections resulting from the issuance of voter‐authorized general
obligation bonds for the Parks, Trails, and Open Space Project will be sufficient to cover debt
service costs for the period in which the bonds are outstanding.
BACKGROUND/DISCUSSION: On November 8, 2022, voters within Salt Lake City authorized the
City to issue and sell general obligation bonds in an amount not to exceed $85 million for the
purpose of acquiring, improving, renovating, and upgrading various parks, trails, open space, and
related facilities and recreational amenities.
The bonds are the first block of bonds to be issued from the November 8, 2022, voted
authorization. Exhibit 2, prepared by Public Lands, and attached to the transmittal, details parks,
trails, and open space projects selected for the first bond issuance.
The current plan calls for the Bonds to be sold on August 2, 2023.
Lisa Shaffer (May 19, 2023 14:28 MDT)05/19/2023
05/19/2023
General Obligation (Parks, Trails, and Open Space) Bonds, Series 2023
Transmittal to City Council
May 16, 2023
Page 2 of 2
The Designated Officers defined in the attached Bond Resolution are authorized to approve the
interest rate(s) and other terms and provisions relating to the Bonds by executing the Certificate
of Determination, which is also attached.
An estimated debt service, a draft copy of the Bond Resolution and most of its attachments are
included for your review. Please keep in mind that these are preliminary drafts and are subject to
change.
PUBLIC PROCESS: N/A
EXHIBITS:
1. Estimated Debt Service Schedule
2. First Parks, Trails, and Open Space Bond Issuance with Scopes of Work
3. Delegating Bond Resolution
a. Continuing Disclosure Agreement
b. Preliminary Official Statement
c. Certificate of Dissemination
d. Dissemination Agency Agreement
cc: Boyd Ferguson, Lisa Shaffer, Sara Montoya, Mark Stephens, Kristin Riker, Tom Millar, and Tyler
Murdock
Preliminary; subject to change.
SALT LAKE CITY, UTAH
$24,855,000 TAXABLE GENERAL OBLIGATION BONDS
SERIES 2023 (August 23, 2023 )
Sources & Uses
Dated 08/23/2023 | Delivered 08/23/2023
Sources Of Funds
Par Amount of Bonds $24,855,000.00
Total Sources $24,855,000.00
Uses Of Funds
Deposit to Project Construction Fund 24,660,000.00
Costs of Issuance 117,031.75
Total Underwriter's Discount (0.300%)74,565.00
Rounding Amount 3,403.25
Total Uses $24,855,000.00
2023 NM TAXABLE $24.66MM | SINGLE PURPOSE | 5/ 1/2023 | 5:01 PM
Stifel
Prepared by Stifel, Nicolaus & Company, Inc. (EJR)Page 1
Preliminary; subject to change.
SALT LAKE CITY, UTAH
$24,855,000 TAXABLE GENERAL OBLIGATION BONDS
SERIES 2023 (August 23, 2023 )
Debt Service Schedule
Date Principal Coupon Interest Total P+I Fiscal Total
08/23/2023 -----
12/15/2023 --401,463.38 401,463.38 -
06/15/2024 875,000.00 4.240%645,209.00 1,520,209.00 1,921,672.38
12/15/2024 --626,659.00 626,659.00 -
06/15/2025 800,000.00 4.290%626,659.00 1,426,659.00 2,053,318.00
12/15/2025 --609,499.00 609,499.00 -
06/15/2026 835,000.00 4.310%609,499.00 1,444,499.00 2,053,998.00
12/15/2026 --591,504.75 591,504.75 -
06/15/2027 870,000.00 4.480%591,504.75 1,461,504.75 2,053,009.50
12/15/2027 --572,016.75 572,016.75 -
06/15/2028 905,000.00 4.530%572,016.75 1,477,016.75 2,049,033.50
12/15/2028 --551,518.50 551,518.50 -
06/15/2029 950,000.00 4.660%551,518.50 1,501,518.50 2,053,037.00
12/15/2029 --529,383.50 529,383.50 -
06/15/2030 995,000.00 4.710%529,383.50 1,524,383.50 2,053,767.00
12/15/2030 --505,951.25 505,951.25 -
06/15/2031 1,040,000.00 4.880%505,951.25 1,545,951.25 2,051,902.50
12/15/2031 --480,575.25 480,575.25 -
06/15/2032 1,090,000.00 4.930%480,575.25 1,570,575.25 2,051,150.50
12/15/2032 --453,706.75 453,706.75 -
06/15/2033 1,145,000.00 4.980%453,706.75 1,598,706.75 2,052,413.50
12/15/2033 --425,196.25 425,196.25 -
06/15/2034 1,200,000.00 5.080%425,196.25 1,625,196.25 2,050,392.50
12/15/2034 --394,716.25 394,716.25 -
06/15/2035 1,260,000.00 5.180%394,716.25 1,654,716.25 2,049,432.50
12/15/2035 --362,082.25 362,082.25 -
06/15/2036 1,325,000.00 5.230%362,082.25 1,687,082.25 2,049,164.50
12/15/2036 --327,433.50 327,433.50 -
06/15/2037 1,395,000.00 5.280%327,433.50 1,722,433.50 2,049,867.00
12/15/2037 --290,605.50 290,605.50 -
06/15/2038 1,470,000.00 5.330%290,605.50 1,760,605.50 2,051,211.00
12/15/2038 --251,430.00 251,430.00 -
06/15/2039 1,550,000.00 5.780%251,430.00 1,801,430.00 2,052,860.00
12/15/2039 --206,635.00 206,635.00 -
06/15/2040 1,640,000.00 5.780%206,635.00 1,846,635.00 2,053,270.00
12/15/2040 --159,239.00 159,239.00 -
06/15/2041 1,735,000.00 5.780%159,239.00 1,894,239.00 2,053,478.00
12/15/2041 --109,097.50 109,097.50 -
06/15/2042 1,835,000.00 5.780%109,097.50 1,944,097.50 2,053,195.00
12/15/2042 --56,066.00 56,066.00 -
06/15/2043 1,940,000.00 5.780%56,066.00 1,996,066.00 2,052,132.00
Total $24,855,000.00 -$16,053,304.38 $40,908,304.38 -
Yield Statistics
Bond Year Dollars $295,235.17
Average Life 11.878 Years
Average Coupon 5.4374635%
Net Interest Cost (NIC)5.4627196%
True Interest Cost (TIC)5.4313287%
Bond Yield for Arbitrage Purposes 5.3949672%
All Inclusive Cost (AIC)5.4887311%
IRS Form 8038
Net Interest Cost 5.4374635%
Weighted Average Maturity 11.878 Years
2023 NM TAXABLE $24.66MM | SINGLE PURPOSE | 5/ 1/2023 | 5:01 PM
Stifel
Prepared by Stifel, Nicolaus & Company, Inc. (EJR)Page 2
TO: Marina Scott, City Treasurer
FROM: Public Lands
RE: First Parks, Trails, and Open Space Bond Issuance with Scopes of Work
DATE: May 11, 2023
Salt Lake City Parks, Trails, and Open Space Bond 1st Issuance
Projects
ESTIMATED
CONSTRUCTION
YEAR
ITEM FIRST
TRANCHE
AMOUNT
% of ITEM’S
TOTAL BOND
FUNDING
2024-2027 Glendale Regional Park $9,000,000 33.3%
2025-2026 Liberty Park Playground $2,000,000 100%
2024-2027 Allen Park $850,000 18.9%
2024-2027 Folsom Trail Completion &
Landscaping
$5,000,000 100%
2025-2029 Public Space at Fleet Block $600,000 10%
2026-2029 Fairmont Park $500,000 10%
Variable
(2024-2031)
Reimagine Neighborhood
Parks, Trails, or Open Spaces
(with at least one per City
Council district)
$1,050,000 10%
2025-2029 Jordan River Corridor $600,000 6.7%
N/A Contingencies/Program
Management
$3,332,000 28.4%
Dependent on
Project
Art Allowance $294,000 28.4%
N/A Salaries, Benefits and
Operational costs for 3 FTEs for
3 years (2 public lands staff, 1
engineering)_
$1,434,000 TBD based on
project schedules
TOTAL REQUEST $24,660,000 29% of
$85,000,000 total
In November 2022, Salt Lake City voters approved the $85 million General Obligation (GO)
Bond (“bond”) for Parks, Trails, and Open Space projects. This represents the single
largest public lands investment in the City’s history. 71% voted “for the issuance of bonds”.
The recently adopted “Reimagine Nature” Public Lands Master Plan (June 2022) included
Page 2
feedback from over 12,000 residents that has helped staff address priorities for the next 20
years. In the Master Plan’s surveys, 70% of respondents said they visit a park, trail, or open
space at least monthly and over 40% of respondents said their parks and trails visitation has
increased since the COVID-19 pandemic began. In the same survey, over 90% of
respondents prioritized “putting the environment first” and “growing our urban forest.”
More than 13,000 new people now call Salt Lake City home, compared to 2012 (US Census
2020). In addition, roughly 27,000 more people are expected to move to Salt Lake City by
2040 (2019 Salt Lake City Parks & Public Lands Needs Assessment, p. 85). As this growth in
population and use of outdoor spaces continues, immediate improvements to existing and
new parks, trails, and open spaces are urgently necessary to at least maintain existing level
of service.
The projects funded by the bond will meet these needs by building new parks, trails,
and open spaces (particularly in areas that currently have few of these spaces) and
improving existing properties throughout Salt Lake City. Other benefits from these projects
include increasing green infrastructure and waterwise landscaping, combating climate
change, restoring wildlife and pollinator habitats, providing air and water quality benefits,
and improving opportunities for community gathering and mental and physical wellness.
Project Name: Glendale Park
1200 West 1700 South
Council District: District 2
Total Bond Funding: $27,000,000
First Tranche Funding Request (and Purpose): $9,000,000 (completing Phase 1a
& 1b construction, design for Phase 2; Phase 2 construction funded in the second tranche).
Description: The Glendale Park project will add 17 acres of new park space at the former
Raging Waters water park site (on the south side of 1700 South and west of the Jordan
River). The City’s goal is to add 94 acres of new public lands in the next decade. Public and
stakeholder engagement is already complete, and adoption of the Glendale Regional Park
Plan occurred on March 21, 2023. Park features will include community gathering spaces,
trails, an overlook, playgrounds that support play at all ages and ability levels, food truck
access, skateboarding features, water features, basketball and pickleball courts, a denser
tree canopy, and riverside recreation and access.
Schedule: 2023-2027
1. 2023-2024: Phase 1 design is nearing completion. Phase 1 construction will begin
Summer 2023 (utilizing existing funds). An active recreation component (Phase 1a) must be
open to the
public by April 2024. Phase 1b construction and Phase 2 design will follow in 2024.
2. 2025-2027: Construction of Phase 2 will begin in 2025 and last approximately three
years. Note that this may not necessarily fully build out the master planned vision.
3. 2028 onward: Construction of future phases, as funded.
Page 3
Project Name: Liberty Park Playground
600 East 900 South
Council District: District 5
Total Bond Funding: $2,000,000
First Tranche Funding Request (and Purpose): $2,000,000 (Community
engagement, design, and construction of the new playground area).
Description: Fully replace the aging, out of date, well worn, but still heavily used Rotary
Playground area in the northwest part of Liberty Park. The existing playground area is often
closed for maintenance and repairs as it reaches the end of its useful life. The most recent
closure was in the summer of 2021.
New state-of-the-art assets will honor the site’s popularity and community preferences,
improve safety, and create a unique playground customized for Liberty Park that serves all
ages and abilities. Accessible design and assistive technologies will improve levels of service
for all community members. Choices like colors, accessible design, and amenities will
depend on input from youth and nearby and regional users alike.
Schedule: 2023-2026
Community engagement and Historic Landmark Commission discussions can begin in Fall
2023. Design will occur in 2024. Construction would then follow, at the beginning of 2025
and lasting approximately one year.
Project Name: Allen Park
1328 East Allen Park Drive (1900 South)
Council District: District 7
Total Bond Funding: $4,500,000
First Tranche Funding Request (and Purpose): $850,000 (Construction
documents for the projects identified in the Adaptive Reuse and Management Plan and
construction of critical landscaping or utility (water, sewer) projects; construction funding
for Phase 1 projects likely to be requested in the second tranche).
Description: The seven-acre Allen Park is one of the City’s newest public parks (opened
October 2020). This project will implement a community-supported vision developed
through the Allen Park Adaptive Reuse & Management Plan (2023-2024). The Plan will (1)
determine future uses of the site based on extensive public engagement (as well as the
site’s history and current conditions, as summarized in the Fall 2022 Cultural Landscape
Report, or CLR); (2) recommend Phase 1 projects to construct with remaining bond funds;
and (3) recommend future phase projects and maintenance plans. This plan will focus on
formalization, preservation, and rehabilitation of the space, including Emigration Creek
improvements, preserving art, continued analysis of historic structures, walkway and
roadway improvements, irrigation, native and ornamental plantings, and other park
amenities that improve access and visitor experience.
Schedule: 2023-2027
Page 4
1. Spring 2024: Anticipated completion of the Adaptive Reuse and Management Plan.
2. Spring 2024 to Spring 2025: Construction of critical landscaping or utility (water
and sewer) projects; designs and construction documents for Phase 1 projects.
3. Spring 2025 to 2027: Construction.
Project Name: Folsom Trail Completion & Landscaping
~50 South from 500 West to Jordan River
Council District: Districts 2, 3, & 4
Total Bond Funding: $5,000,000
First Tranche Funding Request (and Purpose): $5,000,000 (Revised designs for
and construction of landscaping and amenities between 500 West and 1000 West; possible
property needs, design, and construction/completion of the western gap between 1000
West and the Jordan River Parkway Trail).
Description: The Folsom Trail is an off-street, paved walking and bicycling path that
connects Westside neighborhoods and the Gateway District of Downtown. Due to funding
and property issues, Phase 1 (2021-2022) was only able to design and construct the eastern
1.0 mile of the trail and minor amenity improvements between 500 West and 1000 West.
Bond funding in the first tranche is intended to (1) finalize design and then construct
waterwise landscaping and additional amenities, focused at intersections between 500 West
and 1000 West (and based on priorities from 1,000 community responses collected in 2020,
and the City Creek Daylighting Design Master Plan); and (2) complete the Folsom Trail
between 1000 West and the Jordan River.
Schedule for Landscaping, Amenities: 2023-2025
Landscaping, irrigation, and some amenities could be constructed for $2,000,000 by the
end of 2025. All improvements would be within the public right-of-way or on publicly
owned property. Immediate next steps involve finalizing construction documents and cost
estimates, in particular coordination with a parallel RDA-led project designing a potential
daylighting of City Creek immediately north of the current Folsom Trail alignment between
800 West and 1000 West. These tasks will be completed with funding from the first tranche.
Schedule for Trail Completion: 2024-2027
Completing the trail between 1000 West and the Jordan River, either in the preferred or an
alternative alignment, is possible within the next three to four years. It is possible that the
remaining $3,000,000 for this project would be sufficient for the anticipated property
acquisition or easement, design, and construction costs. However, impact fees may also
qualify, if additional funding is needed.
Project Name: Public Space at Fleet Block
800-900 South, 300-400 West
Council District: District 5
Total Bond Funding: $6,000,000
First Tranche Funding Request (and Purpose): $600,000 (Community
Page 5
engagement, park or plaza design, and construction documents).
Description: The Public Space at Fleet Block project (future name TBD) will be a new public
area in the Granary District. The project will add much needed public space and increase the
level of service for this community and citywide. The site will occupy roughly 1/3 of the
8.75-acre publicly-owned parcel at the 10-acre former city fleet facility (“the Fleet Block”),
which is being considered for a rezone (FB-UN3) and denser city-supported development. A
public space should promote gatherings, safety, comfort, and community wellbeing.
Schedule: 2023-2029
Immediate next steps (possibly in this order) include selecting the public site, engaging
diverse communities in identifying their priorities for the assets and amenities of the public
space, developing an RFP for potential development of the parcel’s remaining sites (led by
CAN), and developing design and construction documents. Depending on site selection and
designs, EPA funding may be needed in order to remediate land before development. A
construction timeline has not yet been determined.
Project Name: Fairmont Park
1040 East Sugarmont Drive
Council District: District 7
Total Bond Funding: $5,000,000
First Tranche Funding Request (and Purpose): $500,000 (City-initiated
community and stakeholder engagement and concept development phases, to be
integrated with all previous engagement).
Description: Fairmont Park improvements may include repair of, or possible new public
uses for, the existing tennis courts site on the corner of Sugarmont Avenue and 900 East
(which have been in serious disrepair for about a decade); improving facilities and services
provided by the Boys & Girls Club; and enhancing public access to and within the park itself.
Schedule: 2023-2029
In addition to investigating possible partnerships, desired improvements, and additional
private or public funding, Salt Lake City will expand on the community engagement from
2018 and 2019. Salt Lake City and the community will work together, through a robust
public engagement process, to solidify possible improvements at Fairmont Park. These
phases would be followed by design and construction, funded in future tranches.
Project Name: Reimagine Neighborhood Parks, Trail, or Open Spaces
Various Locations
Council District: At Least One Project per Council District
Total Bond Funding: $10,500,000
First Tranche Funding Request (and Purpose): $1,050,000 (Community
engagement for all, and concept design for some, of the 12-14 sites selected for this
funding).
Page 6
Description: “Reimagine Neighborhood Parks” was one of the highest community priorities
in the recently completed Reimagine Nature Public Lands Master Plan. Investing in under-
resourced (and sometimes under-utilized) local parks, trails, and open spaces improves
access and activation and often reduces demand at larger parks. These projects seek to
empower communities by offering high quality park experiences for everyone and reflect
their natural, historical, cultural, and economic identities. This project’s funding will
“reimagine” 12-14 neighborhood parks, trails, or open spaces, with at least one in each City
Council district. These were selected based on the following criteria: (1) asset condition and
quality, (2) lack of significant capital investment in the past decade, (3) relative usage and
opportunity for increasing usage and access, (4) within a “Greater Need Area” (Public Lands
Needs Assessment, 2019) and information from the “Reimagine Nature” Public Lands
Master Plan, 2022, (5) nearby population densities, (6) potential to highlight neighborhood
identities and histories, (7) levels of criminal activity and/or frequency of SLC Mobile
requests, (8) opportunities to enhance already funded projects, and (9) the Public Lands
Department’s district maintenance supervisors’ and park rangers’ on-the-ground
experience.
The selected sites are:
- District 1: Cottonwood Park, Steenblik Park
- District 2: Madsen Park, Peace Labyrinth (and the International Peace Gardens, if
funding remains after the highest priorities)
- District 3: Warm Springs and North Gateway Parks (and the Freedom Trail in Memory
Grove Park, if funding remains after the highest priorities)
- District 4: Taufer Park, Richmond Park
- District 5: Jefferson Park, Ida Cotten Park
- District 6: Donner Trail Park, Sunnyside Park (the latter is possible only with
significant funding and operational partnerships)
- District 7: McClelland Trail (south of Sugarmont Avenue)
The specific improvements for each site will be determined by community-driven
engagement processes, asset condition data, and the City’s established public lands
planning process. However, “potential elements could include replacement of failing assets
like playgrounds and sport courts; addition of unique elements of surrounding
neighborhoods’ identities and histories; increasing elements of placemaking based on
community input and desires; and, adding multilingual identity and wayfinding signage”
Schedule: 2023-2031
Immediate next steps include initiating public and stakeholder engagement for all 12-14
project sites. Project timelines and priorities will be based on this feedback, implementation
feasibility, and the greatest needs (e.g., Taufer Park, Madsen Park). Preliminary or concept
design will be completed with first tranche funds. More complete design and construction
will be completed in the second and third tranches.
Page 7
It is possible that the “Reimagine” projects in City Council districts with fewer or no other
GO Bond-funded projects (Districts 3 and 6) are prioritized before those in districts with
more bond projects and/or funding expenditures (District 2 and 7, for example), depending
on feasibility and need. The exact schedules for design and construction of all 12-14 project
improvement sites will be determined at a later date.
Project Name: Jordan River Corridor
Various Locations Along the Jordan River
Council District: Districts 1 & 2
Total Bond Funding: $9,000,000
First Tranche Funding Request (and Purpose): $600,000 (immediate construction
of the Backman Open Space and Outdoor Classroom, including a large nature playground,
walking paths that connect families to school and the river, irrigation, native plantings, new
trees, and Jordan River Trail improvements between 500 North and 700 North; planning
and design of high priority projects from the Emerald Ribbon Master Plan [ERMP], which
will inform future capital investments along the corridor).
Description: The Jordan River is a key asset in the Salt Lake Valley and has the potential to
be the ecological and recreational heart of Salt Lake City. For decades, the City and various
partners and stakeholders have invested millions of dollars in capital and maintenance
improvements throughout the river corridor within Salt Lake City limits. However, these have
often lacked a cohesive vision for both implementation and subsequent maintenance. This
project focuses on capital improvements designed to foster community gathering and
highlight the river corridor as a desirable destination. The upcoming ERMP (2023-2024),
funded through CIP, will include robust public engagement and create implementation and
maintenance strategies to guide investment and care. The ERMP will recommend Phase 1
projects that tackle critical needs and generate significant support for future phases, to be
constructed with remaining bond funds, possibly including:
- Water and air quality improvements
- Improving biodiversity, tree canopy, and climate-sensitive tree irrigation systems
- Storm water and green infrastructure improvements
- Creating consistent, welcoming park spaces near the river, incl. multilingual signage
- Nature play areas, pollinator gardens, and public art
- Acquisition of key parcels along the river
- Improvements to the water trail and enhanced walking and bicycling connectivity
Schedule: 2023-2029
1. 2023-2024: ERMP; “home run” project concept designs; Backman construction.
2. 2024-2027: Design and construction documents for ERMP-recommended projects
that will be constructed with bond funds, phased over several years.
3. 2025-2029: Additional construction, phased over several years.
Draft
5/11/23
Delegating Bond Resolution v5
8711038/RDB/mo
SALT LAKE CITY, UTAH
Resolution No. __ of 2023
Authorizing the Issuance and Sale of up to
$25,500,000
Federally Taxable General Obligation Bonds, Series 2023
Adopted June 13, 2023
- i - Delegating Bond Resolution
TABLE OF CONTENTS
SECTION HEADING PAGE
ARTICLE I DEFINITIONS .................................................................................................2
Section 101. Definitions..............................................................................................2
Section 102. Rules of Construction ............................................................................5
Section 103. Authority for Bond Resolution ..............................................................5
ARTICLE II AUTHORIZATION, TERMS AND ISSUANCE OF BONDS .....................................5
Section 201. Authorization of Bonds, Principal Amount, Designation and Series ....5
Section 202. Purpose ...................................................................................................5
Section 203. Issue Date ...............................................................................................6
Section 204. Bond Details; Delegation of Authority ..................................................6
Section 205. Denominations and Numbers .................................................................7
Section 206. Paying Agent and Bond Registrar..........................................................7
Section 207. Redemption and Redemption Price; Notice of Redemption ..................8
Section 208. Issuance, Sale and Delivery of Bonds..................................................10
Section 209. Execution of Bonds ..............................................................................10
Section 210. Delivery of the Bonds; Application of Proceeds .................................11
Section 211. Disclosure Agreements ........................................................................11
Section 212. Further Authority .................................................................................11
Section 213. Establishment of Accounts ..................................................................12
ARTICLE III TRANSFER AND EXCHANGE OF BONDS; BOND REGISTRAR .........................12
Section 301. Transfer of Bonds ................................................................................12
Section 302. Exchange of Bonds ..............................................................................13
Section 303. Bond Registration Books .....................................................................13
Section 304. List of Bondowners ..............................................................................13
Section 305. Duties of Bond Registrar .....................................................................13
ARTICLE IV BOOK-ENTRY SYSTEM; LIMITED OBLIGATION OF ISSUER; LETTER OF
REPRESENTATIONS ......................................................................................14
Section 401. Book-Entry System; Limited Obligation of Issuer ..............................14
Section 402. Letter of Representations .....................................................................15
Section 403. Transfers Outside Book-Entry System ................................................15
Section 404. Payments to Cede .................................................................................15
ARTICLE V COVENANTS AND UNDERTAKINGS ..............................................................15
Section 501. Covenants of Issuer ..............................................................................15
Section 502. Levy of Taxes; Bond Account .............................................................15
ARTICLE VI FORM OF BONDS .........................................................................................16
SECTION HEADING PAGE
-ii- Delegating Bond Resolution
Section 601. Form of Bonds .....................................................................................16
ARTICLE VII MISCELLANEOUS ........................................................................................23
Section 701. Final Official Statement .......................................................................23
Section 702. Preliminary Official Statement Deemed Final .....................................23
Section 703. Notice of Bonds to be Issued ...............................................................23
Section 704. Ratification ...........................................................................................24
Section 705. Severability ..........................................................................................24
Section 706. Conflict ................................................................................................24
Section 707. Captions ...............................................................................................24
Section 708. Effective Date ......................................................................................24
EXHIBIT 1 — Form of Continuing Disclosure Undertaking
EXHIBIT 2 — Form of Official Statement, including Official Notice of Bond Sale
EXHIBIT 3 — Form of Certificate of Determination
EXHIBIT 4 — Notice of Bonds to be Issued
EXHIBIT 5 — Form of Dissemination Agency Agreement
Delegating Bond Resolution
RESOLUTION NO. __ OF 2023
A Resolution authorizing the issuance of up to $25,500,000 of
federally taxable general obligation bonds of Salt Lake City, Utah;
fixing the maximum aggregate principal amount of the Bonds, the
maximum number of years over which the Bonds may mature, the
maximum interest rate that the Bonds may bear and the maximum
discount from par at which the Bonds may be sold; providing for the
levy of taxes to pay principal of and interest on the Bonds;
authorizing the circulation of an Official Statement; giving authority
to certain officers to approve the final terms and provisions of the
Bonds within the parameters set forth herein; and providing for
related matters.
*** *** ***
WHEREAS, at the Bond Election, the issuance of $85,000,000 principal amount of general
obligation bonds was authorized for the purpose of acquiring, improving, renovating and
upgrading various parks, trails, open space and related facilities and recreational amenities
throughout Salt Lake City, Utah;
WHEREAS, the Issuer has not previously issued any of the bonds voted at the Bond Election
and the Issuer has determined to authorize the issuance and sale at this time of up to $25,500,000
principal amount of the bonds voted at the Bond Election;
WHEREAS, (a) if the Bonds are sold pursuant to a competitive bid a notice inviting
electronic bids for the purchase of the Bonds will be advertised by electronic dissemination
through the PARITY® electronic bid submission system and (b) if the Bonds are sold pursuant to
a negotiated sale or a direct purchase, a formal or informal request for proposals will be distributed;
WHEREAS, in the opinion of the Issuer, it is in the best interests of the Issuer that (a) the
Designated Officers be authorized to (i) determine the method of sale for the Bonds, which may
be by competitive sale, negotiated underwriting or direct purchase; (ii) accept or reject the bids or
proposals received for the Bonds and determine the best bid or proposal received that conforms to
the parameters, deadlines and procedures set forth herein and in the applicable sale document
prepared in connection with the solicitation of bids or proposals for the Bonds; and (iii) approve
the final principal amount, maturity amounts, interest rates, dates of maturity and other terms and
provisions relating to the Bonds and to execute the Certificate of Determination containing such
terms and provisions and (b) if necessary, the Mayor be authorized to execute the Official
Statement with respect to the Bonds;
WHEREAS, based upon current municipal bond market conditions, the Issuer believes it will
receive more bids for the purchase of the Bonds and the most favorable cost of capital and is
therefore in the best interests of the Issuer if the Issuer does not restrict the amount of premium
bidders may pay for the Bonds;
- 2 - Delegating Bond Resolution
WHEREAS, Section 11-14-316 of the Utah Code provides for the publication of a Notice of
Bonds to be Issued, and the Issuer desires to cause the publication of such a notice at this time with
respect to the Bonds; and
WHEREAS, the Issuer deems it necessary and advisable that it take such action as may be
required to authorize and issue the Bonds to finance the cost of the project to be financed with the
proceeds of the Bonds;
NOW, THEREFORE, Be It Resolved by the City Council of Salt Lake City, Utah, as follows:
ARTICLE I
DEFINITIONS
Section 101. Definitions. As used in this Bond Resolution (including the preambles
hereto), unless the context shall otherwise require, the following terms shall have the following
meanings:
“Act” means, collectively, the Local Government Bonding Act, Chapter 14 of Title 11 of
the Utah Code and the Registered Public Obligations Act, Chapter 7 of Title 15 of the Utah Code.
“Bond Account” means the Bond Account established in Section 213 hereof.
“Bond Counsel” means Chapman and Cutler LLP or another attorney or a firm of attorneys
of nationally recognized standing in matters pertaining to the tax-exempt status of interest on
obligations issued by states and their political subdivisions, duly admitted to the practice of law
before the highest court of any state of the United States.
“Bond Election” means the special bond election duly and lawfully called and held in the
Issuer on November 8, 2022, at which the issuance and sale by the Issuer of $85,000,000 principal
amount of general obligation bonds was authorized for the purpose of acquiring, improving,
renovating and upgrading various parks, trails, open space and related facilities and recreational
amenities throughout Salt Lake City, the results of which election were declared by the City
Council, sitting as a Board of Canvassers, on November 22, 2022.
“Bond Registrar” means each Person appointed by the Issuer as bond registrar and agent
for the transfer, exchange and authentication of the Bonds. Pursuant to Section 206 hereof, the
initial Bond Registrar is U.S. Bank Trust Company, National Association of Salt Lake City, Utah.
“Bond Resolution” means this Resolution of the Issuer adopted on June 13, 2023,
authorizing the issuance and sale of the Bonds.
“Bondowner” or “owner” means the registered owner of any Bond as shown in the
registration books of the Issuer kept by the Bond Registrar for such purpose.
- 3 - Delegating Bond Resolution
“Bonds” means the Issuer’s Federally Taxable General Obligation Bonds, Series 2023,
authorized by the Bond Resolution.
“Cede” means Cede & Co., the nominee of DTC, and any successor nominee of DTC with
respect to the Bonds pursuant to Section 401 hereof.
“Certificate of Determination” means the Certificate of Determination, a form of which is
attached hereto as Exhibit 3, of the Designated Officers delivered pursuant to Article II of this
Bond Resolution, setting forth certain terms and provisions of the Bonds.
“City Council” means the City Council of the City, as the governing body of the Issuer.
“City Recorder” means the City Recorder or any Deputy City Recorder of the Issuer.
“City Treasurer” means the City Treasurer of the Issuer or, in the absence or disability of
the City Treasurer, the Deputy City Treasurer or such other official as shall be duly authorized to
act in the City Treasurer’s stead.
“Closing Date” means the date of the initial issuance of the Bonds.
“Code” means the Internal Revenue Code of 1986, as amended.
“Continuing Disclosure Undertaking” means the Continuing Disclosure Agreement of the
Issuer, in substantially the form attached hereto as Exhibit 1, dated the Closing Date, for the
purpose of providing continuing disclosure information under Rule 15c2-12 adopted by the
Securities and Exchange Commission under the Securities Exchange Act of 1934, as may be
amended from time to time.
“Depository Account” means the Depository Account established in Section 213 hereof.
“Designated Officers” means (a) the (i) Mayor of the Issuer; or (ii) in the event of the
absence or incapacity of the Mayor, the Mayor’s Chief of Staff; or (iii) in the event of the absence
or incapacity of both the Mayor and the Mayor’s Chief of Staff, the City Treasurer; or (iv) in the
event of the absence or incapacity of the Mayor, the Mayor’s Chief of Staff and the City Treasurer,
the Deputy Treasurer of the Issuer and (b) (i) the Chair of the City Council; or (ii) in the event of
the absence or incapacity of the Chair of the City Council, the Vice Chair of the City Council; or
(iii) in the event of the absence or incapacity of both the Chair and Vice Chair of the City Council,
any other member of the City Council.
“Dissemination Agency Agreement” means the Dissemination Agency Agreement, dated
the Closing Date, between the Issuer and the Dissemination Agent, in substantially the form
attached hereto as Exhibit 5.
“Dissemination Agent” means each Person appointed by the Issuer as dissemination agent
with respect to the Continuing Disclosure Undertaking and the Dissemination Agency Agreement.
The initial Dissemination Agent is U.S. Bank Trust Company, National Association.
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“DTC” means The Depository Trust Company, New York, New York, and its successors
and assigns.
“Exchange Bond” means any Exchange Bond as defined in Section 209 hereof.
“Fitch” means Fitch Ratings, Inc., its successors and their assigns, and, if such corporation
shall be dissolved or liquidated or shall no longer perform the functions of a securities rating
agency, “Fitch” shall be deemed to refer to any other nationally recognized securities rating agency
designated by the Issuer to the Paying Agent.
“Issuer” means Salt Lake City Utah.
“Letter of Representations” means the Blanket Issuer Letter of Representations from the
Issuer to DTC, dated October 16, 2019.
“Mayor” means the Mayor of the City, or in the absence or disability of the Mayor, such
other official as shall be duly authorized to act in the Mayor’s stead.
“Moody’s” means Moody’s Investors Service, Inc., its successors and their assigns, and,
if such corporation shall be dissolved or liquidated or shall no longer perform the functions of a
securities rating agency, “Moody’s” shall be deemed to refer to any other nationally recognized
securities rating agency designated by the Issuer to the Paying Agent.
“Official Statement” means the Official Statement with respect to the Bonds, in
substantially the form of the Preliminary Official Statement attached hereto as Exhibit 2.
“Participants” means those broker dealers, banks and other financial institutions from time
to time for which DTC holds Bonds as securities depository.
“Paying Agent” means each Person appointed by the Issuer as paying agent with respect
to the Bonds. Pursuant to Section 206 hereof, the initial Paying Agent is U.S. Bank Trust
Company, National Association of Salt Lake City, Utah.
“Person” means natural persons, firms, partnerships, associations, corporations, trusts,
public bodies and other entities.
“Project Account” means the Project Account established in Section 213 hereof.
“Purchaser” means the initial purchaser or purchasers of the Bonds from the Issuer,
including, if applicable, the Best Bidder (defined below).
“Rating Agencies” means Moody’s, if the Bonds are then rated by Moody’s, Fitch, if the
Bonds are then rated by Fitch, and S&P, if the Bonds are then rated by S&P.
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“Record Date” means the day that is fifteen (15) days preceding each interest payment
date, or if such day is not a business day for the Bond Registrar, the next preceding day that is a
business day for the Bond Registrar.
“Regulations” means United States Treasury Regulations dealing with the tax-exempt
bond provisions of the Code.
“S&P” means S&P’s Global Ratings, its successors and their assigns, and, if such
corporation shall be dissolved or liquidated or shall no longer perform the functions of a securities
rating agency, “S&P” shall be deemed to refer to any other nationally recognized securities rating
agency designated by the Issuer to the Paying Agent.
“United States” means the government of the United States of America.
“Utah Code” means Utah Code Annotated 1953, as amended.
Section 102. Rules of Construction. Unless the context otherwise requires:
(a) references to Articles and Sections are to the Articles and Sections of this
Bond Resolution;
(b) the singular form of any word, including the terms defined in Section 101,
includes the plural, and vice versa, and a word of any gender includes all genders; and
(c) the terms “hereby,” “hereof,” “hereto,” “herein,” “hereunder” and any
similar terms as used in this Bond Resolution refer to this Bond Resolution.
Section 103. Authority for Bond Resolution. This Bond Resolution is adopted pursuant to
the provisions of the Act.
ARTICLE II
AUTHORIZATION, TERMS AND ISSUANCE OF BONDS
Section 201. Authorization of Bonds, Principal Amount, Designation and Series. In
accordance with and subject to the terms, conditions and limitations established by the Act and in
the Bond Resolution, a series of federally taxable general obligation bonds of the Issuer is hereby
authorized to be issued in the aggregate principal amount of $25,500,000, which shall be
designated “Federally Taxable General Obligation Bonds, Series 2023”. If the Designated
Officers determine pursuant to Sections 204(b)(i) and 209 hereof that the principal amount to be
issued shall be less than $25,500,000, then the principal of such series of bonds shall be limited to
the amount so determined by the Designated Officers.
Section 202. Purpose. Up to $25,500,000 aggregate principal amount of the Bonds are
hereby authorized to be issued under authority of the Act for the purpose of raising money for
paying all or a portion of the costs to acquire, improve, renovate and upgrade various parks, trails,
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open space and related facilities and recreational amenities throughout Salt Lake City and related
infrastructure improvements, as authorized at the Bond Election, and paying certain costs related
to the issuance and sale of the Bonds.
Section 203. Issue Date. The Bonds shall be dated as of the Closing Date.
Section 204. Bond Details; Delegation of Authority. (a) The Bonds shall mature on
June 15 of the years and in the principal amounts, and shall bear interest (calculated on the basis
of a year of 360 days consisting of twelve 30-day months) from the Closing Date, payable
semiannually on June 15 and December 15 of each year at the rates per annum as provided in the
Certificate of Determination.
(b) There is hereby delegated to the Designated Officers, subject to the limitations
contained in the Bond Resolution, the power to determine and effectuate the following with respect
to the Bonds and the Designated Officers are hereby authorized to make such determinations and
effectuations:
(i) the principal amount of the Bonds necessary to accomplish the purposes of
the Bonds set forth in Section 202 herein and the aggregate principal amount of the Bonds
to be executed and delivered pursuant to Section 209 herein; provided that the aggregate
principal amount of the Bonds shall not exceed Twenty-five Million Five Hundred
Thousand dollars ($25,500,000);
(ii) the maturity date or dates and principal amount of each maturity of the
Bonds to be issued; provided, however, that the final maturity of all Bonds shall not be
more than twenty-one (21) years after the issuance of the Bonds;
(iii) the initial interest payment date and the interest rate or rates of the Bonds,
provided, however, that the interest rate or rates to be borne by any Bond shall not exceed
six percent (6.00%) per annum;
(iv) the sale of the Bonds to the Purchaser and the purchase price to be paid by
the Purchaser for the Bonds; provided, however, that the discount from par of the Bonds
shall not exceed two percent (2.00%) (expressed as a percentage of the principal amount);
(v) the Bonds, if any, to be retired from mandatory sinking fund redemption
payments and the dates and the amounts thereof;
(vi) the optional redemption date of the Bonds; provided, however, the first
optional redemption date shall not be later than ten and a half years from the Closing Date;
(vii) the use and deposit of the proceeds of the Bonds;
(viii) the method of sale for the Bonds, which sale may be by competitive sale,
negotiated underwriting or direct purchase;
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(ix) if different than those set forth in Section 205, the denominations for the
Bonds and the related provisions regarding a partial redemption; and
(x) any other provisions deemed advisable by the Designated Officers not
materially in conflict with the provisions of the Bond Resolution.
Immediately following (a) the date and time specified in an Official Notice of Bond Sale
(attached to the form of the Official Statement attached hereto as Exhibit 2) for the receipt of bids
for the purchase of the Bonds or (b) the pricing of the Bonds, the Designated Officers shall obtain
such information as they deem necessary to make such determinations as provided above and, in
the case the Bonds are sold pursuant to competitive bids, to determine the bid of the responsible
bidder that results in the lowest effective interest rate to the Issuer (the “Best Bidder”). Thereupon,
the Designated Officers shall make such determinations as provided above, shall (i) award the bid
to the Best Bidder or (ii) execute a bond purchase contract, a continuing covenant agreement, term
sheet or similar document selling the Bonds or agreeing to sell the Bonds to the Purchaser thereof,
as applicable, and shall execute the Certificate of Determination containing such terms and
provisions of the Bonds, which execution shall be conclusive evidence of the awarding of such bid
to the Best Bidder or selling such Bonds to the Purchaser thereof and the action or determination
of the Designated Officers as to the matters stated therein. The provisions of the Certificate of
Determination shall be deemed to be incorporated herein. In the case that the Bonds are sold
pursuant to competitive bid, if the Designated Officers determine that it is in the best interest of
the Issuer, the Designated Officers may (a) waive any irregularity or informality in any bid or in
the electronic bidding process; and (b) reject any and all bids for the Bonds.
(c) Each Bond shall bear interest from the interest payment date next preceding the date
of registration and authentication thereof unless (i) it is registered and authenticated as of an
interest payment date, in which event it shall bear interest from the date thereof, or (ii) it is
registered and authenticated prior to the first interest payment date, in which event it shall bear
interest from its date, or (iii) as shown by the records of the Bond Registrar, interest on the Bonds
shall be in default, in which event it shall bear interest from the date to which interest has been
paid in full. The Bond Registrar shall insert the date of registration and authentication of each
Bond in the place provided for such purpose in the form of Bond Registrar’s certificate of
authentication on each Bond. The Bonds shall bear interest on overdue principal at the respective
rates provided in the Certificate of Determination.
Section 205. Denominations and Numbers. Except as otherwise set forth in the Certificate
of Determination, the Bonds shall be issued as fully-registered bonds, without coupons, in the
denomination of $5,000 or any whole multiple thereof, not exceeding the amount of each maturity.
The Bonds shall be numbered with the letter prefix “R-” and from one (1) consecutively upwards
in order of issuance.
Section 206. Paying Agent and Bond Registrar. U.S. Bank Trust Company, National
Association of Salt Lake City, Utah, is hereby appointed the initial Paying Agent and Bond
Registrar for the Bonds. The Issuer may remove any Paying Agent and any Bond Registrar, and
any successor thereto, and appoint a successor or successors thereto. The Mayor and the City
Recorder are hereby authorized and directed to enter into an agreement or agreements with each
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Paying Agent (a “Paying Agent Agreement”), which may establish certain duties and obligations
of the Paying Agent and the Issuer, including, without limitation those duties and obligations set
forth in Section 502 hereof. Each Paying Agent and Bond Registrar shall signify its acceptance of
the duties and obligations imposed upon it by the Bond Resolution by executing and delivering to
the Issuer a written acceptance thereof, which written acceptance may be contained in a Paying
Agent Agreement. The principal of, and premium, if any, and interest on the Bonds shall be
payable in any coin or currency of the United States of America that, at the respective dates of
payment thereof, is legal tender for the payment of public and private debts. Principal of and
premium, if any, on the Bonds shall be payable when due to the owner of each Bond upon
presentation and surrender thereof at the principal corporate trust office of the Paying Agent.
Payment of interest on each Bond shall be made to the Person that, as of the Record Date, is the
owner of the Bond and shall be made by check or draft mailed to the Person that, as of the Record
Date, is the owner of the Bond, at the address of such owner as it appears on the registration books
of the Issuer kept by the Bond Registrar, or at such other address as is furnished to the Bond
Registrar in writing by such owner on or prior to the Record Date.
Section 207. Redemption and Redemption Price; Notice of Redemption. (a) The Bonds
shall be subject to redemption prior to maturity, at the election of the Issuer, on the date specified
in the Certificate of Determination (the “First Redemption Date”), and on any date thereafter, in
whole or in part, from such maturities or parts thereof as shall be selected by the Issuer, upon notice
given as provided below, at a redemption price equal to 100% of the principal amount of the Bonds
to be redeemed, plus accrued interest thereon to the date fixed for redemption. Bonds maturing on
or prior to the First Redemption Date are not subject to optional redemption.
(b) The Bonds may be subject to mandatory redemption by operation of sinking fund
installments as provided in the Certificate of Determination. If the Bonds are subject to mandatory
sinking fund redemption and less than all of the Bonds then outstanding are redeemed in a manner
other than pursuant to a mandatory sinking fund redemption, the principal amount so redeemed
shall be credited at 100% of the principal amount thereof by the Bond Registrar against the
obligation of the Issuer on such mandatory sinking fund redemption dates for the Bonds in such
order as directed by the Issuer.
(c) If less than all of the Bonds of any maturity are to be redeemed, the particular Bonds
or portion of Bonds of such maturity to be redeemed shall be selected at random by the Bond
Registrar in such manner as the Bond Registrar in its discretion may deem fair and appropriate.
Except as otherwise set forth in the Certificate of Determination, the portion of any registered
Bond of a denomination of more than $5,000 to be redeemed will be in the principal amount of
$5,000 or a whole multiple thereof, and in selecting portions of such Bonds for redemption, the
Bond Registrar will treat each such Bond as representing that number of Bonds of $5,000
denomination that is obtained by dividing the principal amount of such Bond by $5,000.
(d) Notice of redemption shall be given by the Bond Registrar by registered or certified
mail, not less than thirty (30) nor more than forty-five (45) days prior to the redemption date, to
the owner of each Bond that is subject to redemption, at the address of such owner as it appears in
the registration books of the Issuer kept by the Bond Registrar, or at such other address as is
furnished to the Bond Registrar in writing by such owner. Each notice of redemption shall state
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the principal amount, the redemption date, the place of redemption, the redemption price and, if
less than all of the Bonds are to be redeemed, the distinctive numbers of the Bonds or portions of
Bonds to be redeemed, and shall also state that the interest on the Bonds in such notice designated
for redemption shall cease to accrue from and after such redemption date and that on the
redemption date there will become due and payable on each of the Bonds to be redeemed the
principal thereof and interest accrued thereon to the redemption date. Each notice of optional
redemption may further state that such redemption shall be conditional upon the receipt by the
Paying Agent, on or prior to the date fixed for such redemption, of moneys sufficient to pay the
principal of and premium, if any, and interest on such Bonds to be redeemed and that if such
moneys shall not have been so received said notice shall be of no force and effect and the Issuer
shall not be required to redeem such Bonds. In the event that such notice of redemption contains
such a condition and such moneys are not so received, the redemption shall not be made and the
Bond Registrar shall within a reasonable time thereafter give notice, in the manner in which the
notice of redemption was given, that such moneys were not so received. Any notice mailed as
provided in this Section shall be conclusively presumed to have been duly given, whether or not
the owner receives such notice. Failure to give such notice or any defect therein with respect to
any Bond shall not affect the validity of the proceedings for redemption with respect to any other
Bond.
(e) In addition to the foregoing notice under subsection (d) above, further notice of such
redemption shall be given by the Bond Registrar as set out below, but no defect in such further
notice nor any failure to give all or any portion of such further notice shall in any manner affect
the validity of a call for redemption if notice thereof is given as prescribed above.
(i) Each further notice of redemption given hereunder shall contain the
information required above for an official notice of redemption plus (A) the CUSIP
numbers of all Bonds being redeemed; (B) the date of issue of the Bonds as originally
issued; (C) the rate of interest borne by each Bond being redeemed; (D) the maturity date
of each Bond being redeemed; and (E) any other descriptive information needed to identify
accurately the Bonds being redeemed.
(ii) Each further notice of redemption shall be sent at least thirty-five (35) days
before the redemption date to DTC in accordance with the operating procedures then in
effect for DTC, and to all other registered securities depositories then in the business of
holding substantial amounts of obligations of types comprising the Bonds designated to the
Bond Registrar by the Issuer, to the Rating Agencies and to any other nationally recognized
information services as designated by the Issuer to the Bond Registrar.
(f) If notice of redemption shall have been given as described above and the condition
described in Section 207(d) hereof, if any, shall have been met, the Bonds or portions thereof
specified in said notice shall become due and payable at the applicable redemption price on the
redemption date therein designated, and if, on the redemption date, moneys for the payment of the
redemption price of all the bonds to be redeemed, together with interest to the redemption date,
shall be available for such payment on said date, then from and after the redemption date interest
on such bonds shall cease to accrue and become payable.
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(g) Upon the payment of the redemption price of Bonds being redeemed, each check or
other transfer of funds issued for such purpose shall bear the CUSIP number or numbers
identifying, by issue and maturity, the Bonds being redeemed with the proceeds of such check or
other transfer.
(h) The Bond Registrar shall also give any notice of the “defeasance” or redemption of
the Bonds that may be required by the Continuing Disclosure Undertaking provided that the Issuer
shall provide to the Bond Registrar any documents or other information that the Bond Registrar
requests to provide such notice.
Section 208. Issuance, Sale and Delivery of Bonds. Under authority of the Act, the Bonds
shall be issued by the Issuer for the purposes set forth in Section 202 hereof. The Bonds shall be
delivered to the Purchaser and the proceeds of sale thereof applied as provided in Section 210
hereof.
Section 209. Execution of Bonds. The Bonds shall be executed on behalf of the Issuer by
the Mayor and attested and countersigned by the City Recorder (the signatures of the Mayor and
City Recorder being either manual or by facsimile, including electronic signatures) and the official
seal of the Issuer or a facsimile thereof shall be impressed or printed thereon in an aggregate
principal amount necessary to accomplish the purpose of the Bonds specified in Section 202
herein; provided that the aggregate principal amount of the Bonds shall not exceed $25,500,000.
The use of such manual or facsimile signatures, including electronic signatures, of the Mayor and
the City Recorder and such facsimile or impression of the official seal of the Issuer on the Bonds
are hereby authorized, approved and adopted by the Issuer as the authorized and authentic
execution, attestation, countersignature and sealing of the Bonds by said officials on behalf of the
Issuer. The Bonds shall then be delivered to the Bond Registrar for manual authentication by it.
Only such of the Bonds as shall bear thereon a certificate of authentication, manually executed by
the Bond Registrar, shall be valid or obligatory for any purpose or entitled to the benefits of the
Bond Resolution, and such certificate of the Bond Registrar shall be conclusive evidence that the
Bonds so authenticated have been duly authenticated and delivered under, and are entitled to the
benefits of, this Bond Resolution and that the owner thereof is entitled to the benefits of this Bond
Resolution. The certificate of authentication of the Bond Registrar on any Bond shall be deemed
to have been executed by it if (i) such Bond is signed by an authorized officer of the Bond
Registrar, but it shall not be necessary that the same officer sign the certificate of authentication
on all of the Bonds issued hereunder or that all of the Bonds hereunder be authenticated by the
same Bond Registrar, and (ii) the date of registration and authentication of the Bond is inserted in
the place provided therefor on the certificate of authentication.
The Mayor and the City Recorder are authorized to execute, countersign, attest and seal
from time to time, in the manner described above, Bonds (the “Exchange Bonds”) to be issued
and delivered for the purpose of effecting transfers and exchanges of Bonds pursuant to Article III
hereof. At the time of the execution, countersigning, attestation and sealing of the Exchange Bonds
by the Issuer, the payee, principal amount, maturity and interest rate may be in blank. Upon any
transfer or exchange of Bonds pursuant to Article III hereof, the Bond Registrar shall cause to be
inserted in appropriate Exchange Bonds the appropriate payee, principal amount, maturity and
interest rate. The Bond Registrar is hereby authorized and directed to hold the Exchange Bonds
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and to complete, authenticate and deliver the Exchange Bonds for the purpose of effecting transfers
and exchanges of Bonds; provided that any Exchange Bonds authenticated and delivered by the
Bond Registrar shall bear the same series, maturity and interest rate as Bonds delivered to the Bond
Registrar for exchange or transfer and shall bear the name of such payee as the Bondowner
requesting an exchange or transfer shall designate; and provided further that upon the delivery of
any Exchange Bonds by the Bond Registrar a like principal amount of Bonds submitted for transfer
or exchange, and of like series and having like maturity dates and interest rates, shall be canceled.
The execution, countersignature, attestation and sealing by the Issuer and delivery to the Bond
Registrar of any Exchange Bond shall constitute full and due authorization of such Bond
containing such payee, principal amount, maturity and interest rate as the Bond Registrar shall
cause to be inserted, and the Bond Registrar shall thereby be authorized to authenticate and deliver
such Exchange Bond in accordance with the provisions hereof.
In case any officer whose signature or a facsimile of whose signature shall appear on any
Bond (including any Exchange Bond) shall cease to be such officer before the issuance or delivery
of such Bond, such signature or such facsimile shall nevertheless be valid and sufficient for all
purposes, the same as if such officer had remained in office until such issuance or delivery,
respectively.
Section 210. Delivery of the Bonds; Application of Proceeds. The City Treasurer is hereby
authorized and instructed to make delivery of the Bonds to the Purchaser and to receive payment
therefor in accordance with the terms of sale and to set the proceeds of sale of the Bonds aside for
deposit into the Project Account to be used for the purpose for which the Bonds are issued as set
forth in Section 202 hereof.
Section 211. Disclosure Agreements. If necessary, the Mayor is hereby authorized,
empowered and directed to execute and deliver, and the City Recorder to seal, countersign and
attest, the Continuing Disclosure Agreement and the related Dissemination Agency Agreement
(collectively, the “Disclosure Agreements”) in substantially the same form as now before the
Issuer and attached hereto as Exhibits 1 and 5, or with such changes therein as the Mayor shall
approve, with the execution thereof by the Mayor to constitute conclusive evidence of the approval
of such changes. When the Disclosure Agreements are executed and delivered on behalf of the
Issuer as herein provided, the Disclosure Agreements will be binding on the Issuer and the officers,
employees and agents of the Issuer, and the officers, employees and agents of the Issuer are hereby
authorized, empowered and directed to do all such acts and things and to execute all such
documents as may be necessary to carry out and comply with the provisions of the Disclosure
Agreements as executed. Notwithstanding any other provision of this Bond Resolution, the sole
remedies for failure to comply with the Continuing Disclosure Undertaking shall be the ability of
the beneficial owner of any Bond to seek mandamus or specific performance by court order, to
cause the Issuer to comply with its obligations under the Continuing Disclosure Undertaking.
Section 212. Further Authority. The Mayor, the City Treasurer and the City Recorder and
other officers of the Issuer are, and each of them is, hereby authorized to do or perform all such
acts and to execute all such certificates, documents and other instruments as may be necessary or
advisable to provide for the issuance, sale, registration and delivery of the Bonds and to fulfill the
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obligations of the Issuer hereunder and thereunder, including any documents or agreement selling
the Bonds or agreeing to sell the Bonds to the Purchaser.
Section 213. Establishment of Accounts. (a) The following accounts on the accounting
records of the Issuer are hereby created, which are to be held as follows:
(i) Bond Account, to be held by the Issuer;
(ii) Depository Account, to be held by the Paying Agent; and
(iii) Project Account, to be held by the Paying Agent.
(b) Pending application for the purposes contemplated hereby, moneys on deposit in the
Bond Account, Depository Account and Project Account shall be invested as permitted by law in
investments approved by the City Treasurer or other authorized officer of the Issuer.
(c) Amounts held in the Project Account shall be held by the Paying Agent and shall be
disbursed by the Paying Agent to the Issuer upon receipt of a written request of the City Treasurer
or any other authorized officer of the Issuer.
ARTICLE III
TRANSFER AND EXCHANGE OF BONDS; BOND REGISTRAR
Section 301. Transfer of Bonds. (a) Any Bond may, in accordance with its terms, be
transferred, upon the registration books kept by the Bond Registrar pursuant to Section 303 hereof,
by the Person in whose name it is registered, in person or by such owner’s duly authorized attorney,
upon surrender of such Bond for cancellation, accompanied by delivery of a duly executed written
instrument of transfer in a form approved by the Bond Registrar. No transfer shall be effective
until entered on the registration books kept by the Bond Registrar. The Issuer, the Bond Registrar
and the Paying Agent may treat and consider the Person in whose name each Bond is registered in
the registration books kept by the Bond Registrar as the holder and absolute owner thereof for the
purpose of receiving payment of, or on account of, the principal or redemption price thereof and
interest due thereon and for all other purposes whatsoever.
(b) Whenever any Bond or Bonds shall be surrendered for transfer, the Bond Registrar
shall authenticate and deliver a new fully-registered Bond or Bonds (which may be an Exchange
Bond or Bonds pursuant to Section 209 hereof) of the same series, designation, maturity and
interest rate and of authorized denominations duly executed by the Issuer, for a like aggregate
principal amount. The Bond Registrar shall require the payment by the Bondowner requesting
such transfer of any tax or other governmental charge required to be paid with respect to such
transfer. With respect to each Bond, no such transfer shall be required to be made after the Record
Date or after notice of redemption has be given by the Bond Registrar.
(c) The Bond Registrar shall not be required to register the transfer of or exchange any
Bond selected for redemption, in whole or in part, except the unredeemed portion of Bonds being
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redeemed in part. Upon surrender of any Bond redeemed in part only, the Issuer shall execute,
and the Bond Registrar shall authenticate and deliver to the Bondowner at the expense of the Issuer,
a new Bond or Bonds (which may be an Exchange Bond or Bonds pursuant to Section 209 hereof)
of the same series, designation, maturity and interest rate and of authorized denominations equal
in aggregate principal amount to the unredeemed portion of the Bond surrendered.
Section 302. Exchange of Bonds. Bonds may be exchanged at the principal corporate trust
office of the Bond Registrar for a like aggregate principal amount of fully-registered Bonds (which
may be an Exchange Bond or Bonds pursuant to Section 209 hereof) of the same series,
designation, maturity and interest rate of other authorized denominations. The Bond Registrar
shall require the payment by the Bondowner requesting such exchange of any tax or other
governmental charge required to be paid with respect to such exchange. With respect to each
Bond, no such exchange shall be required to be made after the Record Date or after notice of
redemption has be given by the Bond Registrar.
Section 303. Bond Registration Books. This Bond Resolution shall constitute a system of
registration within the meaning and for all purposes of the Registered Public Obligations Act,
Chapter 7 of Title 15 of the Utah Code. The Bond Registrar shall keep or cause to be kept, at its
principal corporate trust office, sufficient books for the registration and transfer of the Bonds,
which shall at all times be open to inspection by the Issuer; and, upon presentation for such
purpose, the Bond Registrar shall, under such reasonable regulations as it may prescribe, register,
or transfer or cause Bonds to be registered or transferred on those books as herein provided.
Section 304. List of Bondowners. The Bond Registrar shall maintain a list of the names
and addresses of the owners of all Bonds and upon any transfer shall add the name and address of
the new Bondowner and eliminate the name and address of the transferor Bondowner.
Section 305. Duties of Bond Registrar. If requested by the Bond Registrar, the Mayor and
the City Recorder are authorized to execute the Bond Registrar’s standard form of agreement
between the Issuer and the Bond Registrar with respect to the compensation, obligations and duties
of the Bond Registrar hereunder, which may include the following:
(a) to act as bond registrar, authenticating agent, paying agent and transfer
agent as provided herein;
(b) to maintain a list of Bondowners as set forth herein and to furnish such list
to the Issuer upon request, but otherwise to keep such list confidential;
(c) to give notice of redemption of Bonds as provided herein;
(d) to cancel and/or destroy Bonds that have been paid at maturity or upon
earlier redemption or submitted for exchange or transfer;
(e) to furnish the Issuer at least annually a certificate with respect to Bonds
cancelled and/or destroyed;
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(f) to furnish to the Issuer, at its request, at least annually an audit confirmation
of Bonds paid, Bonds outstanding and payments made with respect to interest on the
Bonds; and
(g) to comply with all applicable provisions of DTC’s operational
arrangements, as provided in Section 402 hereof.
ARTICLE IV
BOOK-ENTRY SYSTEM; LIMITED OBLIGATION OF ISSUER;
LETTER OF REPRESENTATIONS
Section 401. Book-Entry System; Limited Obligation of Issuer. (a) The Bonds shall be
initially issued in the form of a separate, single, certificated, fully-registered Bond for each of the
maturities set forth in the Certificate of Determination. If the Bonds are publicly offered the
provisions relating to DTC’s book-entry system shall apply and upon initial issuance, the
ownership of each such Bond shall be registered in the registration books kept by the Bond
Registrar in the name of Cede, as nominee of DTC. Except as provided in Section 403 hereof, all
of the outstanding Bonds shall be registered in the registration books kept by the Bond Registrar
in the name of Cede, as nominee of DTC.
(b) With respect to Bonds registered in the registration books kept by the Bond Registrar
in the name of Cede, as nominee of DTC, the Issuer, the Bond Registrar and the Paying Agent
shall have no responsibility or obligation to any Participant or to any Person on behalf of which
such a Participant holds an interest in the Bonds. Without limiting the immediately preceding
sentence, the Issuer, the Bond Registrar and the Paying Agent shall have no responsibility or
obligation with respect to (i) the accuracy of the records of DTC, Cede or any Participant with
respect to any ownership interest in the Bonds, (ii) the delivery to any Participant or any other
Person, other than a Bondowner, as shown in the registration books kept by the Bond Registrar, of
any notice with respect to the Bonds, including any notice of redemption, or (iii) the payment to
any Participant or any other Person, other than a Bondowner, as shown in the registration books
kept by the Bond Registrar, of any amount with respect to the principal of or premium, if any, or
interest on the Bonds. The Issuer, the Bond Registrar and the Paying Agent may treat and consider
the Person in whose name each Bond is registered in the registration books kept by the Bond
Registrar as the holder and absolute owner of such Bond for the purpose of payment of principal,
premium and interest with respect to such Bond and other matters with respect to such Bond, for
the purpose of registering transfers with respect to such Bond, for the purpose of giving notices of
redemption and for all other purposes whatsoever. The Paying Agent shall pay all principal of and
premium, if any, and interest on the Bonds only to the respective Bondowners, as shown in the
registration books kept by the Bond Registrar, or their respective attorneys duly authorized in
writing, as provided in Section 206 hereof, and all such payments shall be valid and effective to
fully satisfy and discharge the Issuer’s obligations with respect to payment of principal of and
premium, if any, and interest on the Bonds to the extent of the sum or sums so paid. No Person
other than a Bondowner, as shown in the registration books kept by the Bond Registrar, shall
receive a certificated Bond evidencing the obligation of the Issuer to make payments of principal,
premium, if any, and interest pursuant to the Bond Resolution.
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(c) Upon delivery by DTC to the Issuer of written notice to the effect that DTC has
determined to substitute a new nominee in place of Cede, and subject to the provisions herein with
respect to Record Dates, the word “Cede” in this Bond Resolution shall refer to such new nominee
of DTC; and upon receipt of such a notice the Issuer shall promptly deliver a copy of the same to
the Bond Registrar and the Paying Agent.
Section 402. Letter of Representations. The Issuer’s prior execution and delivery of the
Letter of Representations shall not in any way limit the provisions of Section 401 hereof or in any
other way impose upon the Issuer any obligation whatsoever with respect to Persons having
interests in the Bonds other than the Bondowners, as shown on the registration books kept by the
Bond Registrar. In the written acceptance of each Paying Agent and Bond Registrar referred to in
Section 206 hereof, such Paying Agent and Bond Registrar, respectively, shall agree to take all
action necessary for all of DTC’s operational arrangements pertaining to the Paying Agent and
Bond Registrar, respectively, to at all times be complied with.
Section 403. Transfers Outside Book-Entry System. If the Bonds are sold pursuant to a
direct placement, at the option of the Issuer or upon receipt by the Issuer of written notice from
DTC that DTC is unable or unwilling to discharge its responsibilities, and no substitute depository
willing to undertake the functions of DTC hereunder can be found that is willing and able to
undertake such functions upon reasonable and customary terms, the Bonds shall no longer be
restricted to being registered in the registration books kept by the Bond Registrar in the name of
Cede, as nominee of DTC, but may be registered in whatever name or names Bondowners
transferring or exchanging Bonds shall designate, in accordance with the provisions of Article III
hereof.
Section 404. Payments to Cede. Notwithstanding any other provision of this Bond
Resolution to the contrary, so long as any Bond is registered in the name of Cede, as nominee of
DTC, all payments with respect to principal of and premium, if any, and interest on such Bond and
all notices with respect to such Bond shall be made and given, respectively, in the manner provided
in the Letter of Representations.
ARTICLE V
COVENANTS AND UNDERTAKINGS
Section 501. Covenants of Issuer. All covenants, statements, representations and
agreements contained in the Bonds and all recitals and representations in the Bond Resolution are
hereby considered and understood, and it is hereby confirmed that all such covenants, statements,
representations and agreements are the covenants, statements, representations and agreements of
the Issuer.
Section 502. Levy of Taxes; Bond Account. The Issuer covenants and agrees that to pay
the interest falling due on the Bonds as the same becomes due, and also to provide a sinking fund
for the payment of the principal of the Bonds at maturity, there shall be levied on all taxable
property in the Issuer in addition to all other taxes, a direct annual tax sufficient to pay the interest
on the Bonds and to pay and retire the same. These taxes when collected shall be applied solely
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for the purpose of the payment of the interest on and principal of the Bonds, respectively, and for
no other purpose whatsoever until the indebtedness so contracted under the Bond Resolution,
principal and interest, shall have been fully paid, satisfied and discharged, but nothing herein
contained shall be so construed as to prevent the Issuer from applying any other funds that may be
in the Issuer’s treasury and available for that purpose to the payment of such interest and principal
as the same respectively become due and mature. The levy or levies herein provided for may
thereupon be diminished to that extent. The sums herein provided for to meet the interest on the
Bonds and to discharge the principal thereof when due are hereby appropriated for that purpose,
and the required amount for each year shall be included by the Issuer in its annual budget and its
statement and estimate as certified to the County Council of Salt Lake County, Utah, in each year.
Principal or interest falling due at any time when there shall not be available from the proceeds of
the levies described in this Section money sufficient for the payment thereof shall, to the extent of
such deficiency, be paid from other funds of the Issuer available for such purpose, and such other
funds shall be reimbursed when the proceeds of such levies become available.
The taxes or other funds that are referenced in the foregoing paragraph and that are to be
used to pay the principal of or interest on the Bonds shall be deposited into the Bond Account. On
or prior to the business day next preceding each principal or interest payment date for the Bonds,
the Issuer shall transfer from the Bond Account to the Paying Agent for deposit into the Depository
Account an amount sufficient to pay principal of and interest on the Bonds on such payment date.
On each principal or interest payment date, the Paying Agent shall pay out of the Depository
Account the principal of or interest on the Bonds then coming due. Moneys remaining on deposit
in the Bond Account immediately after each such payment date, including any investment earnings
thereon earned during the period of such deposit, shall be immediately withdrawn from the Bond
Account by the Issuer and commingled with the general funds of the Issuer. Moneys remaining
on deposit in the Depository Account immediately after each such payment date, including any
investment earnings thereon earned during the period of such deposit, shall be immediately
withdrawn from the Depository Account by the Paying Agent and paid to the Issuer and
commingled with the general funds of the Issuer. The Bond Account and the Depository Account
have been established primarily to achieve a proper matching of revenues and debt service on the
Bonds. The Bond Account and the Depository Account shall be depleted at least once each year
by the Issuer, except for a reasonable carryover amount not to exceed the greater of one year’s
earnings on the Bond Account or one-twelfth of the annual debt service on the Bonds.
ARTICLE VI
FORM OF BONDS
Section 601. Form of Bonds. Each fully-registered Bond shall be, respectively, in
substantially the following form, with such insertions or variations as to any redemption or
amortization provisions and such other insertions or omissions, endorsements and variations as
may be required (including, but not limited to, such changes as may be necessary if the Bonds at
any time are no longer held in book-entry form as permitted by Section 403 hereof:
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[FORM OF BOND]
_______________________________________
[Unless this certificate is presented by an authorized representative of The Depository Trust
Company, a New York corporation (“DTC”), to the Issuer or its agent for registration of transfer,
exchange, or payment, and any certificate issued is registered in the name of Cede & Co. or in such
other name as is requested by an authorized representative of DTC (and any payment is made to
Cede & Co. or to such other entity as is requested by an authorized representative of DTC), ANY
TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY
PERSON IS WRONGFUL inasmuch as the registered owner hereof, Cede & Co., has an interest
herein.]
_______________________________________
Registered Registered
UNITED STATES OF AMERICA
STATE OF UTAH
SALT LAKE COUNTY
SALT LAKE CITY, UTAH
FEDERALLY TAXABLE GENERAL OBLIGATION BOND
SERIES 2023
Number R-____ $___________
INTEREST RATE: MATURITY DATE: DATED DATE: CUSIP:
________% June 15, ____ __________, 2023 _________
REGISTERED OWNER: _________________________
PRINCIPAL AMOUNT: ------------------------------------- DOLLARS ------------------------------------------
KNOW ALL MEN BY THESE PRESENTS that Salt Lake City, Utah (the “Issuer”), a duly
organized and existing municipal corporation and a political subdivision of the State of Utah,
acknowledges itself indebted and for value received hereby promises to pay to the registered owner
identified above, or registered assigns, on the maturity date identified above, upon presentation
and surrender hereof, the principal amount identified above (the “Principal Amount”), and to pay
the registered owner hereof interest on the balance of the Principal Amount from time to time
remaining unpaid from the interest payment date next preceding the date of registration and
authentication of this Bond, unless this Bond is registered and authenticated as of an interest
payment date, in which event this Bond shall bear interest from such interest payment date, or
unless this Bond is registered and authenticated prior to the first interest payment date, in which
event this Bond shall bear interest from the dated date identified above (the “Dated Date”), or
unless, as shown by the records of the hereinafter referred to Bond Registrar, interest on the
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hereinafter referred to Bonds shall be in default, in which event this Bond shall bear interest from
the date to which interest has been paid in full, at the interest rate per annum (calculated on the
basis of a year of 360 days consisting of twelve 30-day months) identified above (the “Interest
Rate”), payable semiannually on June 15 and December 15 in each year, commencing
December 15, 2023, until payment in full of the Principal Amount, except as the provisions set
forth in the hereinafter defined Bond Resolution with respect to redemption prior to maturity may
become applicable hereto. This Bond shall bear interest on overdue principal at the Interest Rate.
Principal of and premium, if any, on this Bond shall be payable upon presentation and surrender
hereof at the principal corporate trust office of U.S. Bank Trust Company, National Association,
of Salt Lake City, Utah, as Paying Agent for the Bonds, or at the principal corporate trust office of
any successor who is at the time the Paying Agent of the Issuer, in any coin or currency of the
United States of America that at the time of payment is legal tender for the payment of public and
private debts; and payment of the interest hereon shall be made to the registered owner hereof and
shall be paid by check or draft mailed to the person who is the registered owner of record on the
Record Date.
This Bond is one of the Federally Taxable General Obligation Bonds, Series 2023 of the
Issuer (the “Bonds”), limited to the aggregate principal amount of $__________, dated as of the
Dated Date, issued under and by virtue of the Local Government Bonding Act, Chapter 14 of
Title 11, Utah Code Annotated 1953, as amended (the “Utah Code”) and the Registered Public
Obligations Act, Chapter 7 of Title 15 of the Utah Code (collectively, the “Act”), and under and
pursuant to a resolution of the Issuer adopted on June 13, 2023, including as a part of such
resolution that certain Certificate of Determination, dated __________, 2023 (the “Bond
Resolution”), after having been authorized at an election held on November 8, 2022, in Salt Lake
City, Utah by a vote of the qualified electors thereof, for the purpose of, among other things, paying
all or a portion of the costs to acquire, improve, renovate and upgrade various parks, trails, open
space and related facilities and recreational amenities.
U.S. Bank Trust Company, National Association of Salt Lake City, Utah, is the initial bond
registrar and paying agent of the Issuer with respect to the Bonds. This bond registrar and paying
agent, together with any successor bond registrar or paying agent, are referred to herein,
respectively, as the “Bond Registrar” and the “Paying Agent.”
The Issuer covenants and is by law required to levy annually a sufficient tax to pay interest
on this Bond as it falls due and also to constitute a sinking fund for the payment of the principal
hereof as the same falls due.
This Bond is transferable, as provided in the Bond Resolution, only upon the books of the
Issuer kept for that purpose at the principal corporate trust office of the Bond Registrar, by the
registered owner hereof in person or by such owner’s attorney duly authorized in writing. Such
transfer shall be made upon surrender of this Bond, together with a written instrument of transfer
satisfactory to the Bond Registrar, duly executed by the registered owner or such duly authorized
attorney and upon the payment of the charges prescribed in the Bond Resolution, and thereupon
the Issuer shall issue in the name of the transferee a new registered Bond or Bonds of authorized
denominations of the same aggregate principal amount, series, designation, maturity and interest
rate as the surrendered Bond, all as provided in the Bond Resolution. No transfer of this Bond
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shall be effective until entered on the registration books kept by the Bond Registrar. The Issuer,
the Bond Registrar and the Paying Agent may treat and consider the person in whose name this
Bond is registered on the registration books kept by the Bond Registrar as the holder and absolute
owner hereof for the purpose of receiving payment of, or on account of, the principal or redemption
price hereof and interest due hereon and for all other purposes whatsoever, and neither the Issuer,
the Bond Registrar nor the Paying Agent shall be affected by any notice to the contrary.
The Bonds are issuable solely in the form of registered Bonds in the denomination of
$5,000 or any whole multiple thereof.
The Bonds are subject to redemption prior to maturity as further described in the Bond
Resolution.
Except as otherwise provided herein and unless the context clearly indicates otherwise,
words and phrases used herein shall have the same meanings as such words and phrases in the
Bond Resolution.
This Bond and the issue of Bonds of which it is a part are issued in conformity with and
after full compliance with the Constitution of the State of Utah and pursuant to the provisions of
the Act and all other laws applicable thereto. It is hereby certified and recited that all conditions,
acts and things required by the Constitution or laws of the State of Utah and by the Act and the
Bond Resolution to exist, to have happened or to have been performed precedent to or in
connection with the issuance of this Bond exist, have happened and have been performed and that
the issue of Bonds, together with all other indebtedness of the Issuer, is within every debt and other
limit prescribed by the Constitution and laws referenced above, and that the full faith and credit of
the Issuer are hereby irrevocably pledged to the punctual payment of the principal of and interest
on this Bond according to its terms.
This Bond shall not be valid until the Certificate of Authentication hereon shall have been
manually signed by the Bond Registrar.
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IN WITNESS WHEREOF, SALT LAKE CITY, UTAH, has caused this Bond to be signed in its
name and on its behalf by its Mayor and countersigned and attested by its City Recorder and has
caused its official seal or a facsimile thereof to be impressed or imprinted hereon, all as of the
Dated Date.
SALT LAKE CITY, UTAH
By ____________________________________
Mayor
[SEAL]
ATTEST AND COUNTERSIGN:
By__________________________________
City Recorder
APPROVED AS TO FORM
By ____________________________________
Senior City Attorney
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[FORM OF BOND REGISTRAR’S CERTIFICATE OF AUTHENTICATION]
This Bond is one of the Bonds described in the within-mentioned Bond Resolution and is
one of the Federally Taxable General Obligation Bonds, Series 2023 of Salt Lake City, Utah.
U.S. Bank Trust Company, National
Association,
as Bond Registrar
By ____________________________________
Authorized Officer
Date of registration and authentication: _____________, 2023.
Bond Registrar and Paying Agent:
U.S. Bank Trust Company, National
Association
170 South Main Street, Suite 200
Salt Lake City, Utah 84101
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[FORM OF ASSIGNMENT]
The following abbreviations, when used in the inscription on the face of the within Bond,
shall be construed as though they were written out in full according to applicable laws or
regulations.
TEN COM — as tenants in common
TEN ENT — as tenants by the entirety
JT TEN — as joint tenants with right
of survivorship and not as
tenants in common
UNIF TRAN MIN ACT—
_______ Custodian _______
(Cust) (Minor)
under Uniform Transfers to Minors Act of
_________________________________
(State)
Additional abbreviations may also be used though not in the above list.
FOR VALUE RECEIVED the undersigned sells, assigns and transfers unto
Insert Social Security or Other
Identifying Number of Assignee
____________________
(Please Print or Typewrite Name and Address of Assignee)
the within Bond of SALT LAKE CITY, UTAH, and hereby irrevocably constitutes and appoints ___
______________________________________________________________________________
attorney to register the transfer of the Bond on the books kept for registration thereof, with full
power of substitution in the premises.
DATED: ______________________ SIGNATURE: ____________________________
SIGNATURE GUARANTEED:
_______________________________
NOTICE: Signature(s) must be guaranteed by an “eligible guarantor institution” meeting the
requirements of the Bond Registrar, which requirements include membership or participation in
STAMP or such other “signature guarantee program” as may be determined by the Bond Registrar
in addition to, or in substitution for, STAMP, all in accordance with the Securities and Exchange
Act of 1934, as amended.
NOTICE: The signature to this assignment must correspond with the name as it appears upon the
face of the within Bond in every particular, without alteration or enlargement or any change
whatever.
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ARTICLE VII
MISCELLANEOUS
Section 701. Final Official Statement. The Official Statement of the Issuer is hereby
authorized in substantially the form attached hereto as Exhibit 2, with such changes, omissions,
insertions and revisions as the Mayor shall deem advisable, including the completion thereof with
the information established at the time of the sale of the Bonds by the Designated Officers and set
forth in the Certificate of Determination. The Mayor shall sign and deliver such Official Statement
to the Purchaser for distribution to prospective purchasers of the Bonds and other interested
persons. The approval of the Mayor of any such changes, omissions, insertions and revisions shall
be conclusively established by the Mayor’s execution of the Official Statement.
Section 702. Preliminary Official Statement Deemed Final. The use and distribution of
the Official Statement in preliminary form (the “Preliminary Official Statement”), in substantially
the form presented at this meeting and in the form attached hereto as Exhibit 2, is hereby authorized
and approved, with such changes, omissions, insertions and revisions as the City Treasurer shall
deem advisable. The Mayor, the City Treasurer and the City Recorder are, and each of them is,
hereby authorized to do or perform all such acts and to execute all such certificates, documents
and other instruments as may be necessary or advisable to deem final the Preliminary Official
Statement within the meaning and for purposes of paragraph (b)(1) of Rule 15c2-12 of the
Securities and Exchange Commission, subject to completion thereof with the information
established at the time of the sale of the Bonds. The Mayor, the City Treasurer and the City
Recorder are, and each of them is, hereby authorized to do or perform all such acts and to execute
all such certificates, documents and other instruments as may be necessary or advisable to provide
for the issuance, sale and delivery of the Bonds, and any actions taken thereby for purposes of
deeming the Official Statement to be final for purposes of Rule 15c2-12 of the Securities and
Exchange Commission are hereby authorized, ratified and confirmed.
Section 703. Notice of Bonds to be Issued. In accordance with the provisions of
Sections 11-14-316 and 45-1-101 of the Utah Code and as a Class A notice under the provisions
of Section 63G-30-102 of the Utah Code, the City Recorder shall publish a “Notice of Bonds to
be Issued,” in substantially the form attached hereto as Exhibit 4, by (a) publishing a copy of the
Notice of Bonds on (i) the Utah Public Notice Website, (ii) the City’s website and (iii) the public
legal notice website described in Section 45-1-101 of the Utah Code; and (b) posting the Notice
of Bonds in a public location in the City that is reasonably likely to be seen by residents of the
City. The City Recorder shall cause a copy of this Resolution to be kept on file in the City
Recorder’s office for public examination during the regular business hours of the Issuer until at
least thirty (30) days from and after the date of publication thereof.
For a period of thirty (30) days from and after publication of the Notice of Bonds to be
Issued, any person in interest shall have the right to contest the legality of this Bond Resolution or
the Bonds hereby authorized or any provision made for the security and payment of the Bonds.
After such time, no one shall have any cause of action to contest the regularity, formality or legality
of this Bond Resolution or the Bonds or any provision made for the security and payment of the
Bonds for any cause.
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Section 704. Ratification. All proceedings, resolutions and actions of the Issuer and its
officers taken in connection with the sale and issuance of the Bonds are hereby ratified, confirmed
and approved, including, without limitation, the publication of the notice of sale for the Bonds as
set out in the preambles hereto.
Section 705. Severability. It is hereby declared that all parts of this Bond Resolution are
severable, and if any section, paragraph, clause or provision of this Bond Resolution shall for any
reason be held to be invalid or unenforceable, the invalidity or unenforceability of any such section,
paragraph, clause or provision shall not affect the remaining sections, paragraphs, clauses or
provisions of this Bond Resolution.
Section 706. Conflict. All resolutions, orders and regulations or parts thereof heretofore
adopted or passed that are in conflict with any of the provisions of this Bond Resolution are, to the
extent of such conflict, hereby repealed.
Section 707. Captions. The table of contents and captions or headings herein are for
convenience of reference only and in no way define, limit or describe the scope or intent of any
provisions or sections of this Bond Resolution.
Section 708. Effective Date. This Bond Resolution shall take effect immediately.
(Signature page follows.)
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ADOPTED AND APPROVED June 13, 2023.
SALT LAKE CITY, UTAH
By ____________________________________
Chair, City Council
[SEAL]
ATTEST AND COUNTERSIGN:
By__________________________________
City Recorder
APPROVED:
By ____________________________________
Mayor
APPROVED AS TO FORM:
By ____________________________________
Senior City Attorney
Exhibit 1 Delegating Bond Resolution
EXHIBIT 1
[ATTACH FORM OF CONTINUING DISCLOSURE UNDERTAKING]
Exhibit 2 Delegating Bond Resolution
EXHIBIT 2
[ATTACH FORM OF OFFICIAL STATEMENT]
Exhibit 3 Delegating Bond Resolution
EXHIBIT 3
[ATTACH FORM OF CERTIFICATE OF DETERMINATION]
Exhibit 4 - 1 Delegating Bond Resolution
EXHIBIT 4
NOTICE OF BONDS TO BE ISSUED
NOTICE IS HEREBY GIVEN pursuant to the provisions of Sections 11-14-316, 45-1-101 and
63G-30-102, Utah Code Annotated 1953, as amended, that on June 13, 2023, the City Council of
Salt Lake City, Utah (the “City”), adopted a resolution (the “Resolution”) in which it authorized
and approved the issuance of its federally taxable general obligation bonds (the “Bonds”), in an
aggregate principal amount of not to exceed $25,500,000, to bear interest at a rate or rates of not
to exceed 6.00% per annum, to mature over a period not to exceed 21 years from their date or dates
and to be sold at a discount from par, expressed as a percentage of the principal amount, of not to
exceed 2.00%.
Pursuant to the Resolution, the Bonds are to be issued for the purpose of raising money for
paying all or a portion of the costs to acquire, improve, renovate and upgrade various parks, trails,
open space and related facilities and recreational amenities.
The Bonds will be secured by the full faith and credit of the City. The City currently has
$_________ par amount of bonds currently outstanding that are secured by the full faith and credit
of the City. More detailed information relating to the City’s outstanding bonds can be found in the
City’s most recent Comprehensive Financial Reports that are available on the Office of the Utah
State Auditor’s website (www.auditor.utah.gov).
Assuming a final maturity for the Bonds of approximately 20 years from the date hereof
and that the Bonds are issued in an aggregate principal amount of $__________ and are held until
maturity, based on the City’s currently expected financing structure and interest rates in effect
around the time of publication of this notice, the estimated total cost to the City of the proposed
Bonds is $_________.
The Bonds are to be issued and sold by the City pursuant to the Resolution. A copy of the
Resolution may be examined during regular business hours (8:30 am – 5:00 pm) at the office of
the City Recorder, City and County Building, 451 South State Street, Room 415, Salt Lake City,
Utah. To request a protected, pdf copy of the Resolution please call (801) 535-7671 or email
slcrecorder@slcgov.com. The Resolution shall be so available for inspection for a period of at
least 30 days from and after the date of the publication of this notice.
NOTICE IS FURTHER GIVEN that pursuant to law for a period of 30 days from and after the
date of the publication of this notice, any person in interest shall have the right to contest the
legality of the above-described Resolution of the City Council or the Bonds authorized thereby or
any provisions made for the security and payment of the Bonds. After such time, no one shall have
any cause of action to contest the regularity, formality or legality of the Resolution, the Bonds or
the provisions for their security or payment for any cause.
Exhibit 4 - 2 Delegating Bond Resolution
DATED this 13th day of June, 2023.
SALT LAKE CITY, UTAH
By ____________________________________
City Recorder
[SEAL]
Exhibit 5 Delegating Bond Resolution
EXHIBIT 5
[ATTACH FORM OF DISSEMINATION AGENCY AGREEMENT]
Draft
5/11/23
Continuing Disclosure Agreement v4
8711038/RDB/mo
APPENDIX B
PROPOSED FORM OF CONTINUING DISCLOSURE AGREEMENT
CONTINUING DISCLOSURE AGREEMENT
FOR THE PURPOSE OF PROVIDING
CONTINUING DISCLOSURE INFORMATION
UNDER PARAGRAPH (b)(5) OF RULE 15C2-12
DATED: __________, 2023
This Continuing Disclosure Agreement (the “Agreement”) is executed and delivered by
Salt Lake City, Utah (the “Issuer”) in connection with the issuance of $__________ Federally
Taxable General Obligation Bonds, Series 2023 (the “Bonds”). The Bonds are being issued
pursuant to a resolution adopted by the City Council of the Issuer on June 13, 2023 (the
“Resolution”).
In consideration of the issuance of the Bonds by the Issuer and the purchase of such Bonds
by the beneficial owners thereof, the Issuer covenants and agrees as follows:
Section 1. PURPOSE OF THIS AGREEMENT. This Agreement is executed and delivered by
the Issuer as of the date set forth below, for the benefit of the beneficial owners of the Bonds and
in order to assist the Participating Underwriter in complying with the requirements of the Rule (as
defined below). The Issuer represents that it will be the only obligated person with respect to the
Bonds at the time the Bonds are delivered to the Participating Underwriter and that no other person
is expected to become so committed at any time after issuance of the Bonds.
Section 2. DEFINITIONS. The terms set forth below shall have the following meanings
in this Agreement, unless the context clearly otherwise requires.
“Annual Financial Information” means the financial information and operating data
described in Exhibit I.
“Annual Financial Information Disclosure” means the dissemination of disclosure
concerning Annual Financial Information and the dissemination of the Audited Financial
Statements as set forth in Section 4.
“Audited Financial Statements” means the audited financial statements of the Issuer
prepared pursuant to the standards and as described in Exhibit I.
“Commission” means the Securities and Exchange Commission.
“Dissemination Agent” means any agent designated as such in writing by the Issuer and
which has filed with the Issuer a written acceptance of such designation, and such agent’s
successors and assigns.
- 2 - Continuing Disclosure Agreement
“EMMA” means the MSRB through its Electronic Municipal Market Access system for
municipal securities disclosure or through any other electronic format or system prescribed by the
MSRB for purposes of the Rule.
“Exchange Act” means the Securities Exchange Act of 1934, as amended.
“Financial Obligation” means (a) a debt obligation, (b) a derivative instrument entered
into in connection with, or pledged as security or a source of payment for, an existing or planned
debt obligation, or (c) a guarantee of (a) or (b) in this definition; provided however, the term
Financial Obligation shall not include municipal securities as to which a final official statement
has been provided to the MSRB consistent with the Rule.
“MSRB” means the Municipal Securities Rulemaking Board.
“Participating Underwriter” means each broker, dealer or municipal securities dealer
acting as an underwriter in the primary offering of the Bonds.
“Reportable Event” means the occurrence of any of the Events with respect to the Bonds
set forth in Exhibit II.
“Reportable Events Disclosure” means dissemination of a notice of a Reportable Event as
set forth in Section 5.
“Rule” means Rule 15c2-12 adopted by the Commission under the Exchange Act, as the
same may be amended from time to time.
“State” means the State of Utah.
“Undertaking” means the obligations of the Issuer pursuant to Sections 4 and 5.
Section 3. CUSIP NUMBER/FINAL OFFICIAL STATEMENT. The CUSIP Numbers of the
Bonds are as follows:
JUNE 15
OF THE YEAR
CUSIP
NUMBER
JUNE 15
OF THE YEAR
CUSIP
NUMBER
- 3 - Continuing Disclosure Agreement
The Final Official Statement relating to the Bonds is dated __________, 2023 (the “Final Official
Statement”). The Issuer will include the CUSIP Number in all disclosure described in Sections 4
and 5 of this Agreement.
Section 4. ANNUAL FINANCIAL INFORMATION DISCLOSURE. Subject to Section 8 of this
Agreement, the Issuer hereby covenants that it will disseminate its Annual Financial Information
and its Audited Financial Statements (in the form and by the dates set forth in Exhibit I) to EMMA
in such manner and format and accompanied by identifying information as is prescribed by the
MSRB or the Commission at the time of delivery of such information and by such time so that
such entities receive the information by the dates specified. MSRB Rule G-32 requires all EMMA
filings to be in word-searchable PDF format. This requirement extends to all documents to be
filed with EMMA, including financial statements and other externally prepared reports.
If any part of the Annual Financial Information can no longer be generated because the
operations to which it is related have been materially changed or discontinued, the Issuer will
disseminate a statement to such effect as part of its Annual Financial Information for the year in
which such event first occurs.
If any amendment or waiver is made to this Agreement, the Annual Financial Information
for the year in which such amendment or waiver is made (or in any notice or supplement provided
to EMMA) shall contain a narrative description of the reasons for such amendment or waiver and
its impact on the type of information being provided.
Section 5. REPORTABLE EVENTS DISCLOSURE. Subject to Section 8 of this Agreement,
the Issuer hereby covenants that it will disseminate in a timely manner (not in excess of ten
business days after the occurrence of the Reportable Event) Reportable Events Disclosure to
EMMA in such manner and format and accompanied by identifying information as is prescribed
by the MSRB or the Commission at the time of delivery of such information. MSRB Rule G-32
requires all EMMA filings to be in word-searchable PDF format. This requirement extends to all
documents to be filed with EMMA, including financial statements and other externally prepared
reports. Notwithstanding the foregoing, notice of optional or unscheduled redemption of any
Bonds or defeasance of any Bonds need not be given under this Agreement any earlier than the
notice (if any) of such redemption or defeasance is given to the Bondholders pursuant to the
Resolution.
Section 6. CONSEQUENCES OF FAILURE OF THE ISSUER TO PROVIDE INFORMATION. The
Issuer shall give notice in a timely manner to EMMA of any failure to provide Annual Financial
Information Disclosure when the same is due hereunder.
In the event of a failure of the Issuer to comply with any provision of this Agreement, the
beneficial owner of any Bond may seek mandamus or specific performance by court order, to
cause the Issuer to comply with its obligations under this Agreement. The beneficial owners of
25% or more in principal amount of the Bonds outstanding may challenge the adequacy of the
information provided under this Agreement and seek specific performance by court order to cause
the Issuer to provide the information as required by this Agreement. A default under this
Agreement shall not be deemed a default under the Resolution, and the sole remedy under this
- 4 - Continuing Disclosure Agreement
Agreement in the event of any failure of the Issuer to comply with this Agreement shall be an
action to compel performance.
Section 7. AMENDMENTS; WAIVER. Notwithstanding any other provision of this
Agreement, the Issuer by resolution authorizing such amendment or waiver, may amend this
Agreement, and any provision of this Agreement may be waived, if:
(a) (i) the amendment or waiver is made in connection with a change in
circumstances that arises from a change in legal requirements, including without limitation,
pursuant to a “no-action” letter issued by the Commission, a change in law, or a change in
the identity, nature, or status of the Issuer, or type of business conducted; or
(ii) this Agreement, as amended, or the provision, as waived, would
have complied with the requirements of the Rule at the time of the primary offering,
after taking into account any amendments or interpretations of the Rule, as well as
any change in circumstances; and
(b) the amendment or waiver does not materially impair the interests of the
beneficial owners of the Bonds, as determined by parties unaffiliated with the Issuer (such
as Bond Counsel).
In the event that the Commission or the MSRB or other regulatory authority shall approve
or require Annual Financial Information Disclosure or Reportable Events Disclosure to be made
to a central post office, governmental agency or similar entity other than EMMA or in lieu of
EMMA, the Issuer shall, if required, make such dissemination to such central post office,
governmental agency or similar entity without the necessity of amending this Agreement.
Section 8. TERMINATION OF UNDERTAKING. The Undertaking of the Issuer shall be
terminated hereunder if the Issuer shall no longer have any legal liability for any obligation on or
relating to repayment of the Bonds under the Resolution. The Issuer shall give notice to EMMA
in a timely manner if this Section is applicable.
Section 9. DISSEMINATION AGENT. The Issuer may, from time to time, appoint or engage
a Dissemination Agent to assist it in carrying out its obligations under this Agreement, and may
discharge any such Dissemination Agent, with or without appointing a successor Dissemination
Agent.
Section 10. ADDITIONAL INFORMATION. Nothing in this Agreement shall be deemed to
prevent the Issuer from disseminating any other information, using the means of dissemination set
forth in this Agreement or any other means of communication, or including any other information
in any Annual Financial Information Disclosure or notice of occurrence of a Reportable Event, in
addition to that which is required by this Agreement. If the Issuer chooses to include any
information from any document or notice of occurrence of a Reportable Event in addition to that
which is specifically required by this Agreement, the Issuer shall have no obligation under this
Agreement to update such information or include it in any future disclosure or notice of occurrence
- 5 - Continuing Disclosure Agreement
of a Reportable Event. If the Issuer is changed, the Issuer shall disseminate such information to
EMMA.
Section 11. BENEFICIARIES. This Agreement has been executed in order to assist the
Participating Underwriter in complying with the Rule; however, this Agreement shall inure solely
to the benefit of the Issuer, the Dissemination Agent, if any, and the beneficial owners of the
Bonds, and shall create no rights in any other person or entity.
Section 12. RECORDKEEPING. The Issuer shall maintain records of all Annual Financial
Information Disclosure and Reportable Events Disclosure, including the content of such
disclosure, the names of the entities with whom such disclosure was filed and the date of filing
such disclosure.
Section 13. ASSIGNMENT. The Issuer shall not transfer its obligations under the Resolution
unless the transferee agrees to assume all obligations of the Issuer under this Agreement or to
execute an Undertaking under the Rule.
Section 14. GOVERNING LAW. This Agreement shall be governed by the laws of the State.
(Signature page follows.)
- 6 - Continuing Disclosure Agreement
DATED as of the day and year first above written.
SALT LAKE CITY, UTAH
By ____________________________________
Mayor
Address: 451 South State Street
Salt Lake City, Utah 84111
ATTEST AND COUNTERSIGN:
By______________________________
City Recorder
APPROVED AS TO FORM:
By ____________________________________
Senior City Attorney
EXHIBIT I Continuing Disclosure Agreement
EXHIBIT I
ANNUAL FINANCIAL INFORMATION AND TIMING AND AUDITED FINANCIAL STATEMENTS
“Annual Financial Information” means financial information and operating data of the
type contained in the Official Statement under the following captions:
CAPTION PAGE
DEBT STRUCTURE OF SALT LAKE CITY, UTAH ...........................................................
— Outstanding Debt Issues .....................................................................................
— Overlapping General Obligation Debt ...............................................................
— General Obligation Legal Debt Limit and Additional Debt Incurring Capacity
FINANCIAL INFORMATION REGARDING SALT LAKE CITY, UTAH ..........................
— Sources of General Fund Revenues ...................................................................
— Five-Year Financial Summaries .........................................................................
— Taxable and Fair Market Value of Property ......................................................
— Tax Collection Record .......................................................................................
— Some of the Largest Taxpayers in the City ........................................................
All or a portion of the Annual Financial Information and the Audited Financial Statements
as set forth below may be included by reference to other documents which have been submitted to
EMMA or filed with the Commission. If the information included by reference is contained in a
Final Official Statement, the Final Official Statement must be available on EMMA; the Final
Official Statement need not be available from the Commission. The Issuer shall clearly identify
each such item of information included by reference.
Annual Financial Information exclusive of Audited Financial Statements will be submitted
to EMMA, not later than 210 days after the end of each fiscal year of the Issuer, beginning with
the fiscal year ended June 30, 2023. Audited Financial Statements as described below should be
filed at the same time as the Annual Financial Information. If Audited Financial Statements are
not available when the Annual Financial Information is filed, unaudited financial statements shall
be included.
Audited Financial Statements will be prepared pursuant to generally accepted accounting
principles applicable to governmental units in general and Utah cities, in particular. Audited
Financial Statements will be submitted to EMMA within 30 days after availability to Issuer.
If any change is made to the Annual Financial Information as permitted by Section 4 of the
Agreement, the Issuer will disseminate a notice of such change as required by Section 4.
EXHIBIT II Continuing Disclosure Agreement
EXHIBIT II
EVENTS WITH RESPECT TO THE BONDS
FOR WHICH REPORTABLE EVENTS DISCLOSURE IS REQUIRED
1. Principal and interest payment delinquencies
2. Non-payment related defaults, if material
3. Unscheduled draws on debt service reserves reflecting financial difficulties
4. Unscheduled draws on credit enhancements reflecting financial difficulties
5. Substitution of credit or liquidity providers, or their failure to perform
6. Adverse tax opinions, the issuance by the Internal Revenue Service of proposed or final
determinations of taxability, Notices of Proposed Issue (IRS Form 5701-TEB) or other
material notices or determinations with respect to the tax status of the security, or other
material events affecting the tax status of the security
7. Modifications to the rights of security holders, if material
8. Bond calls, if material, and tender offers
9. Defeasances
10. Release, substitution or sale of property securing repayment of the securities, if material
11. Rating changes
12. Bankruptcy, insolvency, receivership or similar event of the Issuer
13. The consummation of a merger, consolidation, or acquisition involving the Issuer or the
sale of all or substantially all of the assets of the Issuer, other than in the ordinary course
of business, the entry into a definitive agreement to undertake such an action or the
termination of a definitive agreement relating to any such actions, other than pursuant to
its terms, if material
14. Appointment of a successor or additional trustee or the change of name of a trustee, if
material
15. Incurrence of a Financial Obligation of the Issuer, if material, or agreement to covenants,
events of default, remedies, priority rights, or other similar terms of a Financial Obligation
of the Issuer, any of which affect security holders, if material
16. Default, event of acceleration, termination event, modification of terms, or other similar
events under the terms of a Financial Obligation of the Issuer, any of which reflect financial
difficulties
This event is considered to occur when any of the following occur: the appointment of a receiver, fiscal
agent or similar officer for the Issuer in a proceeding under the U.S. Bankruptcy Code or in any other
proceeding under state or federal law in which a court or governmental authority has assumed jurisdiction
over substantially all of the assets or business of the Issuer, or if such jurisdiction has been assumed by
leaving the existing governing body and officials or officers in possession but subject to the supervision and
orders of a court or governmental authority, or the entry of an order confirming a plan of reorganization,
arrangement or liquidation by a court or governmental authority having supervision or jurisdiction over
substantially all of the assets or business of the Issuer.
DRAFT OF 5/11/23
PRELIMINARY OFFICIAL STATEMENT DATED __________, 2023
____________________
* Preliminary; subject to change.
Official Statement v3—8711038/RDB/mo
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NEW ISSUE — Issued in Book-Entry Form Only RATINGS: Moody’s “____”
Fitch “____” See “BOND RATINGS” herein.
Interest on the Bonds is includible in gross income of the owners thereof for federal income tax purposes. In
the opinion of Bond Counsel, under the existing laws of the State of Utah, as presently enacted and construed, interest
on the Bonds is exempt from taxes imposed by the Utah Individual Income Tax Act. See “TAX TREATMENT” herein for
a more complete discussion.
$__________*
SALT LAKE CITY, UTAH
FEDERALLY TAXABLE GENERAL OBLIGATION BONDS
SERIES 2023
DATED: Date of Original Issuance and Delivery DUE: June 15, as shown below
The $__________* Federally Taxable General Obligation Bonds, Series 2023 (the “Bonds”), dated the date
of original issuance and delivery thereof, are issuable by Salt Lake City, Utah (the “City”) as fully-registered bonds
and, when initially issued, will be in book-entry form only, registered in the name of Cede & Co., as nominee for The
Depository Trust Company, New York, New York (“DTC”). DTC will act as securities depository for the Bonds.
Principal of and interest on the Bonds (interest payable June 15 and December 15 of each year, commencing
December 15, 2023) are payable by U.S. Bank Trust Company, National Association, Salt Lake City, Utah, as Paying
Agent, to the registered owners thereof, initially DTC. See “THE BONDS — Book-Entry System” herein.
The Bonds are subject to optional redemption prior to maturity as described more fully under the heading
“THE BONDS — Redemption Provisions” herein.
The Bonds will be general obligations of the City payable from the proceeds of ad valorem taxes to be levied
without limitation as to rate or amount on all of the taxable property in the City, fully sufficient to pay the Bonds as
to both principal and interest.
Maturity Schedule
(see inside cover)
The Bonds will be awarded pursuant to competitive bidding to be held via the PARITY® electronic bid
submission system on __________, __________, 2023, as set forth in the Official Notice of Bond Sale (dated the
date of this Preliminary Official Statement).
Stifel, Nicolaus & Company, Incorporated, Salt Lake City, Utah, is acting as Municipal Advisor.
The Bonds are offered when, as and if issued and received by the successful bidder(s), subject to the approval
of legality by Chapman and Cutler LLP, Bond Counsel to the City, and certain other conditions. Certain legal matters
will be passed upon for the City by Katherine N. Lewis, City Attorney. Certain legal matters regarding this Official
Statement will be passed upon for the City by Chapman and Cutler LLP, Disclosure Counsel. It is expected that the
Bonds will be available for delivery, in book-entry form only, through the facilities of DTC on or about __________,
2023.
This cover page contains certain information for quick reference only. It is not a summary of this issue.
Investors must read the entire Official Statement to obtain information essential to the making of an informed
investment decision.
This Official Statement is dated __________, 2023 and the information contained herein speaks only as of
that date.
MATURITY SCHEDULE
$__________*
SALT LAKE CITY, UTAH
FEDERALLY TAXABLE GENERAL OBLIGATION BONDS
SERIES 2023
DUE
JUNE 15
PRINCIPAL
AMOUNT*
INTEREST
RATE
YIELD
CUSIP
795574
$ % %
____________________
* Preliminary; subject to change.
** Yield to par call on June 15, 203_.
- i -
$__________*
SALT LAKE CITY, UTAH
FEDERALLY TAXABLE GENERAL OBLIGATION BONDS
SERIES 2023
Salt Lake City
City and County Building
451 South State Street
Salt Lake City, Utah 84111
(801) 535-7946
CITY COUNCIL
Darin Mano ............................................................................................................................... Council Chair
Victoria Petro ................................................................................................................... Council Vice Chair
Dan Dugan ........................................................................................................................... Council Member
Amy Fowler ......................................................................................................................... Council Member
Alejandro Puy ...................................................................................................................... Council Member
Analia Valdemoros .............................................................................................................. Council Member
Chris Wharton ...................................................................................................................... Council Member
CITY ADMINISTRATION
Erin J. Mendenhall ................................................................................................................................ Mayor
Rachel Otto ............................................................................................................................... Chief of Staff
Katherine N. Lewis ................................................................................................................... City Attorney
Cindy Lou Trishman ................................................................................................................. City Recorder
Marina Scott ............................................................................................................................. City Treasurer
BOND COUNSEL INDEPENDENT AUDITORS
Chapman and Cutler LLP Eide Bailly LLP
215 South State, Suite 560 5 Triad Center, Suite 600
Salt Lake City, Utah 84111 Salt Lake City, Utah 84180
(801) 533-0066 (801) 532-2200
MUNICIPAL ADVISOR BOND REGISTRAR AND PAYING AGENT
Stifel, Nicolaus & Company, Incorporated U.S. Bank Trust Company, National Association
15 West South Temple, Suite 1090 170 South Main Street, Suite 200
Salt Lake City, Utah 84101 Salt Lake City, Utah 84101
(385) 799-7231 (801) 534-6083
* Preliminary; subject to change.
- ii -
This Official Statement does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there
be any sale of, the Bonds by any person in any jurisdiction in which it is unlawful for such person to make such offer,
solicitation or sale. No dealer, broker, salesman or other person has been authorized to give any information or to
make any representations other than those contained herein, and if given or made, such other information or
representations must not be relied upon as having been authorized by either the City or the successful bidder(s). All
information contained herein has been obtained from the City, DTC and from other sources which are believed to be
reliable. The information and expressions of opinion herein are subject to change without notice and neither the
delivery of this Official Statement nor the issuance, sale, delivery or exchange of the Bonds, shall under any
circumstance create any implication that there has been no change in the affairs of the City or in any other information
contained herein since the date hereof.
The Bonds have not been registered under the Securities Act of 1933, as amended, or any state securities
laws in reliance upon exemptions contained in such act and laws. Any registration or qualification of the Bonds in
accordance with applicable provisions of the securities laws of the states in which the Bonds have been registered or
qualified and the exemption from registration or qualification in other states cannot be regarded as a recommendation
thereof. Neither the Securities and Exchange Commission nor any state securities commission has passed upon the
accuracy or adequacy of this Official Statement. Any representation to the contrary is unlawful.
The yields at which the Bonds are offered to the public may vary from the initial offering yields on the inside
cover page of this Official Statement. In addition, the successful bidder(s) may allow concessions or discounts from
the initial offering prices of the Bonds to dealers and others. In connection with the offering of the Bonds, the
successful bidder(s) may engage in transactions that stabilize, maintain, or otherwise affect the price of the Bonds.
Such transactions may include overallotments in connection with the purchase of Bonds, the purchase of Bonds to
stabilize their market price and the purchase of Bonds to cover the successful bidder(s)’s short positions. Such
transactions, if commenced, may be discontinued at any time.
Cautionary Statements Regarding Forward–Looking Statements. Certain statements included in this Official
Statement constitute “forward–looking statements” within the meaning of the federal securities laws. Such statements
are generally identifiable by the terminology used, such as “plan,” “project,” “forecast,” “expect,” “estimate,”
“budget” or other similar words. The achievement of certain results or other expectations contained in such forward-
looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results,
performance or achievements described to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Except as required by its Continuing
Disclosure Agreement for the Bonds, the City does not plan to issue any updates or revisions to those forward-looking
statements if or when its expectations change or events, conditions or circumstances on which such statements are
based occur.
The CUSIP (the Committee on Uniform Securities Identification Procedures) identification numbers are
provided on the cover page of this Official Statement and are being provided solely for the convenience of bondholders
only, and the Board does not make any representation with respect to such numbers or undertake any responsibility
for their accuracy. The CUSIP numbers are subject to being changed after the issuance of the Bonds as a result of
various subsequent actions including, but not limited to, a refunding in whole or in part of the Bonds.
The information available at the internet sites referenced in this Official Statement has not been reviewed for
accuracy or completeness. Such information is not incorporated by reference into this Official Statement and may not
be relied upon by investors in determining whether to purchase the Bonds and is not a part of this Official Statement.
- iii -
TABLE OF CONTENTS
PAGE
INTRODUCTION .................................................................................................................................1
The Bonds ...............................................................................................................................1
The City ..................................................................................................................................1
Security and Source of Payment .............................................................................................1
Authority and Purpose ............................................................................................................1
Redemption Provisions ...........................................................................................................2
Registration, Denominations and Manner of Payment ...........................................................2
Tax Status................................................................................................................................3
Conditions of Delivery, Anticipated Date, Manner and Place of Delivery ............................3
Basic Documentation ..............................................................................................................3
Contact Persons .......................................................................................................................3
Public Sale/Electronic Bid ......................................................................................................4
THE BONDS .......................................................................................................................................4
General ....................................................................................................................................4
Sources and Uses of Funds .....................................................................................................5
Security and Sources of Payment ...........................................................................................5
Redemption Provisions ...........................................................................................................5
Registration and Transfer ........................................................................................................6
Book-Entry System .................................................................................................................7
Debt Service Requirements ...................................................................................................10
SALT LAKE CITY, UTAH .................................................................................................................10
City Officials .........................................................................................................................10
City Administration ..............................................................................................................11
Employee Workforce and Retirement System; Postemployment Benefits ..........................12
Population .............................................................................................................................12
Property Value of Pre-Authorized Construction in the City .................................................13
Sales and Building in Salt Lake County ...............................................................................13
Income and Wages in Salt Lake County ...............................................................................13
Business and Industry ...........................................................................................................14
Labor Market Data of Salt Lake County...............................................................................16
Rate of Unemployment — Annual Average .........................................................................16
DEBT STRUCTURE OF SALT LAKE CITY, UTAH ...............................................................................17
Outstanding Debt Issues .......................................................................................................17
Debt Service Schedule of Outstanding General Obligation Bonds ......................................18
Future Debt Plans ..................................................................................................................18
Overlapping General Obligation Debt ..................................................................................19
Debt Ratios............................................................................................................................20
General Obligation Legal Debt Limit and Additional Debt Incurring Capacity ..................20
No Defaulted Obligations .....................................................................................................21
FINANCIAL INFORMATION REGARDING SALT LAKE CITY, UTAH ....................................................21
PAGE
- iv -
Fund Structure; Accounting Basis ........................................................................................21
Financial Controls .................................................................................................................21
Budget and Appropriation Process .......................................................................................22
Insurance Coverage ...............................................................................................................22
Investment Policy..................................................................................................................24
Property Tax Matters ............................................................................................................25
Tax Levy and Collection .......................................................................................................27
Public Hearing on Certain Tax Increases ..............................................................................28
Sources of General Fund Revenues ......................................................................................29
Five-Year Financial Summaries ...........................................................................................29
Historical City Tax Rates ......................................................................................................35
Comparative Property Tax Rates Within Salt Lake County .................................................35
Taxable and Fair Market Value of Property .........................................................................36
Historical Summaries of Taxable Values of Property ..........................................................37
Tax Collection Record ..........................................................................................................38
Some of the Largest Taxpayers in the City ...........................................................................38
Recent Developments ...........................................................................................................38
INVESTMENT CONSIDERATIONS ......................................................................................................39
Climate Change .....................................................................................................................39
Cybersecurity ........................................................................................................................39
TAX TREATMENT ............................................................................................................................39
Federal Income Taxation ......................................................................................................39
Utah Income Taxation...........................................................................................................40
LITIGATION .....................................................................................................................................40
CONTINUING DISCLOSURE ..............................................................................................................40
APPROVAL OF LEGAL PROCEEDINGS ...............................................................................................41
BOND RATINGS ...............................................................................................................................42
MUNICIPAL ADVISOR ......................................................................................................................42
INDEPENDENT AUDITORS ................................................................................................................42
MISCELLANEOUS ............................................................................................................................43
APPENDIX A — SALT LAKE CITY CORPORATION FINANCIAL STATEMENTS FOR THE
FISCAL YEAR ENDED JUNE 30, 2022 ............................................................ A-1
APPENDIX B — FORM OF CONTINUING DISCLOSURE AGREEMENT .........................................B-1
APPENDIX C — PROPOSED FORM OF OPINION OF BOND COUNSEL .........................................C-1
$__________*
SALT LAKE CITY, UTAH
FEDERALLY TAXABLE GENERAL OBLIGATION BONDS
SERIES 2023
INTRODUCTION
This introduction is only a brief description of the Bonds, as hereinafter defined, the
security and source of payment for the Bonds and certain information regarding Salt Lake City,
Utah (the “City”). The information contained herein is expressly qualified by reference to the
entire Official Statement. Investors should make a full review of the entire Official Statement.
See the following appendices that are attached hereto: “APPENDIX A — SALT LAKE CITY
CORPORATION FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2022;”
“APPENDIX B — FORM OF CONTINUING DISCLOSURE AGREEMENT” and “APPENDIX C —
PROPOSED FORM OF OPINION OF BOND COUNSEL.”
THE BONDS
This Official Statement, including the cover page, introduction and appendices, provides
information in connection with the issuance and sale by the City of its $__________* Federally
Taxable General Obligation Bonds, Series 2023 (the “Bonds”), each dated the date of original
issuance and delivery thereof, initially issued in book-entry form only.
THE CITY
The City is a municipal corporation and political subdivision of the State of Utah (the
“State”) and is the capital of the State. The City is the most populous city in the State with the
2022 estimated population of ________ residents. The City has a council-mayor form of
government. For more information with respect to the City see “SALT LAKE CITY, UTAH.”
SECURITY AND SOURCE OF PAYMENT
The Bonds will be general obligations of the City, payable from the proceeds of ad valorem
taxes to be levied, without limitation as to rate or amount, on all of the taxable property in the City,
fully sufficient to pay the Bonds as to both principal and interest. See “THE BONDS — Security
and Sources of Payment” and “FINANCIAL INFORMATION REGARDING SALT LAKE CITY, UTAH —
Tax Levy and Collection.”
AUTHORITY AND PURPOSE
The Bonds are being issued pursuant to (a) the Local Government Bonding Act, Chapter 14
of Title 11 (the “Local Government Bonding Act”) of the Utah Code Annotated 1953, as amended
* Preliminary; subject to change.
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(the “Utah Code”), the Registered Public Obligations Act, Chapter 7 of Title 15 of the Utah Code,
and the applicable provisions of Title 10 of the Utah Code (collectively, the “Act”), (b) Resolution
No. __-2023 of the City adopted on June 13, 2023 (the “Resolution”), which provides for the
issuance of the Bonds, and (c) other applicable provisions of law.
The Bonds were authorized by an affirmative vote of 71.32% of the voters at a special bond
election held for that purpose on November 8, 2022. The proposition submitted to the voters was
as follows:
City Proposition Number 1
Shall Salt Lake City, Utah, be authorized to issue General Obligation Bonds in a
principal amount not to exceed $85,000,000 and to mature in no more than 21 years
from the date or dates of issuance; such bonds will be issued in accordance with
Utah law solely to pay all or a portion of the costs to acquire, improve, renovate and
upgrade various parks, trails, open space and related facilities and recreational
amenities?
The Bonds are the first block of bonds to be issued from the November 8, 2022 voted
authorization.
The Bonds are also being issued for the purpose of paying certain costs of issuance. See
“THE BONDS — Sources and Uses of Funds.”
REDEMPTION PROVISIONS
The Bonds are subject to optional redemption prior to maturity as described more fully
under the heading “THE BONDS — Redemption Provisions” herein.
REGISTRATION, DENOMINATIONS AND MANNER OF PAYMENT
The Bonds are issuable only as fully-registered bonds and, when initially issued, will be
registered in the name of Cede & Co., as nominee for The Depository Trust Company, New York,
New York (“DTC”), which will act as securities depository of the Bonds. Purchases of Bonds
will be made in book-entry form only, in the principal amount of $5,000 or any whole multiple
thereof, through brokers and dealers who are, or who act through, DTC participants. Beneficial
owners of the Bonds will not be entitled to receive physical delivery of bond certificates so long
as DTC or a successor securities depository acts as the securities depository with respect to the
Bonds.
Principal of and interest on the Bonds (interest payable June 15 and December 15 of each
year, commencing December 15, 2023) are payable by U.S. Bank Trust Company, National
Association, Salt Lake City, Utah, as Paying Agent (the “Paying Agent”), to the registered owners
of the Bonds. So long as DTC is the registered owner, it will, in turn, remit such principal and
interest to its participants, for subsequent disbursements to the beneficial owners of the Bonds, as
described in “THE BONDS — Book-Entry System.”
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TAX STATUS
Interest on the Bonds is includible in gross income of the owners thereof for federal income
tax purposes.
In the opinion of Bond Counsel, under the existing laws of the State, as presently enacted
and construed, interest on the Bonds is exempt from taxes imposed by the Utah Individual Income
Tax Act. See “TAX TREATMENT” for a more complete discussion.
CONDITIONS OF DELIVERY, ANTICIPATED DATE, MANNER AND PLACE OF DELIVERY
The Bonds are offered when, as and if issued and received by the successful bidder(s),
subject to the approval of legality of the Bonds by Chapman and Cutler LLP, Bond Counsel, and
certain other conditions. Certain legal matters will be passed upon for the City by the City
Attorney. Certain legal matters regarding this Official Statement will be passed upon for the City
by Chapman and Cutler LLP, Disclosure Counsel. It is expected that the Bonds, in book-entry
form only, will be available for delivery through the facilities of DTC on or about __________,
__________, 2023.
BASIC DOCUMENTATION
The “basic documentation,” which includes the Resolution, the closing documents and
other documentation authorizing the issuance of the Bonds and establishing the rights and
responsibilities of the City and other parties to the transaction, may be obtained from the “contact
persons” listed below.
CONTACT PERSONS
As of the date of this Official Statement, the chief contact person for the City concerning
the Bonds is:
Marina Scott, City Treasurer
451 South State Street, Room 228
P.O. Box 145462
Salt Lake City, Utah 84114-5462
(801) 535-6565
marina.scott@slcgov.com
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Additional requests for information may be directed to the City’s Municipal Advisor as
follows:
John Crandall, Managing Director
Elizabeth Read, Director
Stifel, Nicolaus & Company, Incorporated
15 West South Temple, Suite 1090
Salt Lake City, Utah 84101
(385) 799-7231
crandallj@stifel.com
reade@stifel.com
PUBLIC SALE/ELECTRONIC BID
The Bonds were awarded pursuant to competitive bidding held via the PARITY®
electronic bid submission system on __________, __________, 2023, as set forth in the Official
Notice of Bond Sale (dated __________, 2023) to _______________ of __________, __________
(the “Purchaser”), at a “true interest rate” of ________%.
THE BONDS
GENERAL
The Bonds will be dated the date of original issuance and delivery thereof and will mature
on June 15 of the years and in the amounts as set forth on the inside cover page of this Official
Statement.
The Bonds will bear interest from their date at the rates set forth on the cover page of this
Official Statement. Interest on the Bonds is payable semiannually on each June 15 and
December 15, commencing December 15, 2023. Interest on the Bonds will be computed on the
basis of a 360-day year of twelve 30-day months. U.S. Bank Trust Company, National
Association, Salt Lake City, Utah, is the Bond Registrar for the Bonds under the Resolution (the
“Bond Registrar”).
The Bonds will be issued as fully-registered bonds, initially in book-entry form only, in the
denomination of $5,000 or any whole multiple thereof, not exceeding the amount of each maturity.
The Bonds are being issued within the constitutional debt limit imposed on the City. See
“DEBT STRUCTURE OF SALT LAKE CITY, UTAH — General Obligation Legal Debt Limit and
Additional Debt Incurring Capacity.”
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SOURCES AND USES OF FUNDS
The sources and uses of funds in connection with the issuance of the Bonds are estimated
to be as follows:
SOURCES:
Par amount of Bonds $
Original issue premium
TOTAL $
USES:
Purchaser’s Discount $
Project Construction Account
Costs of issuance(1)
TOTAL $
_________________________
(1) Includes Municipal Advisor fees, legal fees, rating agency fees, registrar and paying agent fees, printing and other
miscellaneous costs of issuance.
SECURITY AND SOURCES OF PAYMENT
The Bonds will be general obligations of the City, payable from the proceeds of ad valorem
taxes to be levied without limitation as to rate or amount on all of the taxable property in the City,
fully sufficient to pay the Bonds as to both principal and interest. See “FINANCIAL INFORMATION
REGARDING SALT LAKE CITY, UTAH — Property Tax Matters.”
REDEMPTION PROVISIONS
Optional Redemption. The Bonds maturing on or after June 15, 203_, are subject to
redemption prior to maturity, at the election of the City, on June 15, 203_ (the “First Redemption
Date”), and on any date thereafter, in whole or in part, from such maturities or parts thereof as
will be selected by the City, upon notice given as provided in the Resolution and described below,
at a redemption price equal to 100% of the principal amount of the Bonds to be redeemed plus
accrued interest thereon to the date fixed for redemption. Bonds maturing on or prior to the First
Redemption Date are not subject to optional redemption.
Selection for Redemption. If less than all of the Bonds of any maturity are to be redeemed,
the particular Bonds or portion of Bonds of such maturity to be redeemed will be selected at
random by the Bond Registrar in such manner as the Bond Registrar in its discretion may deem
fair and appropriate. The portion of any registered Bond of a denomination of more than $5,000
to be redeemed will be in the principal amount of $5,000 or a whole multiple thereof, and in
selecting portions of such Bonds for redemption, the Bond Registrar will treat each such Bond as
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representing that number of Bonds of $5,000 denomination that is obtained by dividing the
principal amount of such Bond by $5,000.
Notice of Redemption. Notice of redemption will be given by the Bond Registrar by
registered or certified mail, not less than 30 nor more than 45 days prior to the redemption date, to
the owner thereof, as of the Record Date, as defined in “THE BONDS — Registration and Transfer,”
of each Bond that is subject to redemption, at the address of such owner as it appears in the
registration books of the City kept by the Bond Registrar, or at such other address as is furnished
to the Bond Registrar in writing by such owner on or prior to the Record Date. Each notice of
redemption will state the Record Date, the principal amount, the redemption date, the place of
redemption, the redemption price and, if less than all of the Bonds are to be redeemed, the
distinctive numbers of the Bonds or portions of Bonds to be redeemed, and will also state that the
interest on the Bonds in such notice designated for redemption will cease to accrue from and after
such redemption date and that on the redemption date there will become due and payable on each
of the Bonds to be redeemed the principal thereof and interest accrued thereon to the redemption
date. Each notice of optional redemption may further state that such redemption will be
conditioned upon the receipt by the Paying Agent, on or prior to the date fixed for such redemption,
of moneys sufficient to pay the principal of and premium, if any, and interest on such Bonds to be
redeemed and that if such moneys have not been so received said notice will be of no force and
effect and the City will not be required to redeem such Bonds. In the event that such notice of
redemption contains such a condition and such moneys are not so received, the redemption will
not be made and the Bond Registrar will within a reasonable time thereafter give notice, in the
manner in which the notice of redemption was given, that such moneys were not so received. Any
notice mailed as described above will be conclusively presumed to have been duly given, whether
or not the Bondowner receives such notice. Failure to give such notice or any defect therein with
respect to any Bond will not affect the validity of the proceedings for redemption with respect to
any other Bond.
In addition to the foregoing notice, further notice of such redemption will be given by the
Bond Registrar to certain registered national securities depositories and national information
services as provided in the Bond Resolution, but no defect in such further notice or any failure to
give all or any portion of such further notice will in any manner affect the validity of a call for
redemption if notice thereof is given as prescribed above and in the Bond Resolution.
For so long as a book-entry system is in effect with respect to the Bonds, the Bond Registrar
will mail notices of redemption to DTC or its successor. Any failure of DTC to convey such notice
to any DTC participants or any failure of the DTC participants or indirect participants to convey
such notice to any beneficial owner will not affect the sufficiency of the notice or the validity of the
redemption of the Bonds. See “THE BONDS — Book-Entry System.”
REGISTRATION AND TRANSFER
In the event the book-entry system is discontinued, any Bond may, in accordance with its
terms, be transferred, upon the registration books kept by the Bond Registrar, by the person in
whose name it is registered, in person or by such owner’s duly authorized attorney, upon surrender
of such Bond for cancellation, accompanied by delivery of a duly executed written instrument of
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transfer in a form approved by the Bond Registrar. No transfer will be effective until entered on
the registration books kept by the Bond Registrar. Whenever any Bond is surrendered for transfer,
the Bond Registrar will authenticate and deliver a new fully-registered Bond or Bonds of the same
series, designation, maturity and interest rate and of authorized denominations duly executed by
the City, for a like aggregate principal amount.
Bonds may be exchanged at the principal corporate trust office of the Bond Registrar for a
like aggregate principal amount of fully-registered Bonds of the same series, designation, maturity
and interest rate of other authorized denominations.
For every such exchange or transfer of the Bonds, the Bond Registrar must make a charge
sufficient to reimburse it for any tax or other governmental charge required to be paid with respect
to such exchange or transfer of the Bonds.
The Bond Registrar will not be required to transfer or exchange any Bond (a) after the
Record Date, as defined below, with respect to any interest payment date to and including such
interest payment date, or (b) after the Record Date with respect to any redemption of such Bond.
“Record Date” means the day that is 15 days preceding each interest payment date, or if such day
is not a business day for the Bond Registrar, the next preceding day that is a business day for the
Bond Registrar.
The City, the Bond Registrar and the Paying Agent may treat and consider the person in
whose name each Bond is registered in the registration books kept by the Bond Registrar as the
holder and absolute owner thereof for the purpose of receiving payment of, or on account of, the
principal or redemption price thereof and interest due thereon and for all other purposes
whatsoever.
BOOK-ENTRY SYSTEM
The Depository Trust Company (“DTC”), New York, NY, will act as securities depository
for the Bonds. The Bonds will be issued as fully-registered securities registered in the name of
Cede & Co. (DTC’s partnership nominee) or such other name as may be requested by an authorized
representative of DTC. One fully-registered Bond certificate will be issued for each maturity of
the Bonds, each in the aggregate principal amount of such maturity, and will be deposited with
DTC.
DTC, the world’s largest depository, is a limited-purpose trust company organized under
the New York Banking Law, a “banking organization” within the meaning of the New York
Banking Law, a member of the Federal Reserve System, a “clearing corporation” within the
meaning of the New York Uniform Commercial Code, and a “clearing agency” registered pursuant
to the provisions of Section 17A of the Securities Exchange Act of 1934. DTC holds and provides
asset servicing for over 3.5 million issues of U.S. and non-U.S. equity issues, corporate and
municipal debt issues, and money market instruments (from over 100 countries) that DTC’s
participants (“Direct Participants”) deposit with DTC. DTC also facilitates the post-trade
settlement among Direct Participants of sales and other securities transactions in deposited
securities, through electronic computerized book-entry transfers and pledges between Direct
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Participants’ accounts. This eliminates the need for physical movement of securities certificates.
Direct Participants include both U.S. and non-U.S. securities brokers and dealers, banks, trust
companies, clearing corporations, and certain other organizations. DTC is a wholly-owned
subsidiary of The Depository Trust & Clearing Corporation (“DTCC”). DTCC is the holding
company for DTC, National Securities Clearing Corporation and Fixed Income Clearing
Corporation, all of which are registered clearing agencies. DTCC is owned by the users of its
regulated subsidiaries. Access to the DTC system is also available to others such as both U.S. and
non-U.S. securities brokers and dealers, banks, trust companies, and clearing corporations that
clear through or maintain a custodial relationship with a Direct Participant, either directly or
indirectly (“Indirect Participants”). DTC has a Standard & Poor’s rating of AA+. The DTC rules
applicable to its Participants are on file with the Securities and Exchange Commission. More
information about DTC can be found at www.dtcc.com.
Purchases of the Bonds under the DTC system must be made by or through Direct
Participants, which will receive a credit for the Bonds on DTC’s records. The ownership interest
of each actual purchaser of each Bond (“Beneficial Owner”) is in turn to be recorded on the Direct
and Indirect Participants’ records. Beneficial Owners will not receive written confirmation from
DTC of their purchase. Beneficial Owners are, however, expected to receive written confirmations
providing details of the transaction, as well as periodic statements of their holdings, from the Direct
or Indirect Participant through which the Beneficial Owner entered into the transaction. Transfers
of ownership interests in the Bonds are to be accomplished by entries made on the books of Direct
and Indirect Participants acting on behalf of Beneficial Owners. Beneficial Owners will not
receive certificates representing their ownership interests in the Bonds, except in the event that use
of the book-entry system for the Bonds is discontinued.
To facilitate subsequent transfers, all Bonds deposited by Direct Participants with DTC are
registered in the name of DTC’s partnership nominee, Cede & Co., or such other name as may be
requested by an authorized representative of DTC. The deposit of the Bonds with DTC and their
registration in the name of Cede & Co. or such other DTC nominee do not effect any change in
beneficial ownership. DTC has no knowledge of the actual Beneficial Owners of the Bonds;
DTC’s records reflect only the identity of the Direct Participants to whose accounts such Bonds
are credited, which may or may not be the Beneficial Owners. The Direct and Indirect Participants
will remain responsible for keeping account of their holdings on behalf of their customers.
Conveyance of notices and other communications by DTC to Direct Participants, by Direct
Participants to Indirect Participants, and by Direct Participants and Indirect Participants to
Beneficial Owners will be governed by arrangements among them, subject to any statutory or
regulatory requirements as may be in effect from time to time. Beneficial Owners of the Bonds
may wish to take certain steps to augment transmission to them of notices of significant events
with respect to the Bonds, such as redemptions, tenders, defaults, and proposed amendments to the
Bond documents. For example, Beneficial Owners of the Bonds may wish to ascertain that the
nominee holding the Bonds for their benefit has agreed to obtain and transmit notices to Beneficial
Owners. In the alternative, Beneficial Owners may wish to provide their names and addresses to
the Bond Registrar and request that copies of notices be provided directly to them.
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Redemption notices shall be sent to DTC. If less than all of the Bonds within an issue are
being redeemed, DTC’s practice is to determine by lot the amount of the interest of each Direct
Participant in such issue to be redeemed.
Neither DTC nor Cede & Co. (nor any other DTC nominee) will consent or vote with
respect to the Bonds unless authorized by a Direct Participant in accordance with DTC’s MMI
procedures. Under its usual procedures, DTC mails an omnibus proxy to the City as soon as
possible after the record date. The omnibus proxy assigns Cede & Co.’s consenting or voting
rights to those Direct Participants to whose accounts the Bonds are credited on the record date
(identified in a listing attached to the omnibus proxy).
As long as the book-entry system is in effect, redemption proceeds, distributions, and
dividend payments on the Bonds will be made to Cede & Co., or such other nominee as may be
requested by an authorized representative of DTC. DTC’s practice is to credit Direct Participants’
accounts upon DTC’s receipt of funds and corresponding detailed information from the City or the
Paying Agent, on payable date in accordance with their respective holdings shown on DTC’s
records. Payments by Participants to Beneficial Owners will be governed by standing instructions
and customary practices, as is the case with securities held for the accounts of customers in bearer
form or registered in “street name,” and will be the responsibility of such Participant and not of
DTC, the Paying Agent, or the City, subject to any statutory or regulatory requirements as may be
in effect from time to time. Payment of redemption proceeds, distributions, and dividend payments
to Cede & Co. (or such other nominee as may be requested by an authorized representative of
DTC) is the responsibility of the City or the Paying Agent, disbursement of such payments to
Direct Participants will be the responsibility of DTC, and disbursement of such payments to
Beneficial Owners will be the responsibility of Direct and Indirect Participants.
DTC may discontinue providing its services as depository with respect to the Bonds at any
time by giving reasonable notice to the City or the Paying Agent. Under such circumstances, in
the event that a successor securities depository is not obtained, Bond certificates are required to be
printed and delivered.
The City may decide to discontinue use of the system of book-entry transfers through DTC
(or a successor securities depository). In that event, Bond certificates will be printed and delivered
to DTC.
The information in this section concerning DTC and DTC’s book-entry system has been
obtained from sources that the City believes to be reliable, but the City takes no responsibility for
the accuracy thereof.
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DEBT SERVICE REQUIREMENTS
The following table shows the debt service requirements for the Bonds for each fiscal year:
FISCAL
YEAR ENDING FISCAL YEAR
JUNE 30 PRINCIPAL INTEREST TOTAL
$ $ $
TOTAL**: $ $ $
____________________
* Preliminary; subject to change.
** Amounts may not add due to rounding.
SALT LAKE CITY, UTAH {To be verified and updated by the City.}
CITY OFFICIALS
The City has a Council-Mayor form of government. The City Council consists of seven
members, who are elected by voters within seven geographic districts of approximately equal
population. The Mayor is elected at large by the voters of the City and is charged with the
executive and administrative duties of the government.
The seven-member, part-time City Council is charged with the responsibility of performing
the legislative functions of the City. The City Council performs three primary functions: it passes
laws for the City, adopts the City budget and provides administrative oversight by conducting
management and operational audits of City departments.
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Term information concerning the Mayor and the members of the City Council is set forth
below:
OFFICE DISTRICT PERSON
YEARS IN
SERVICE
EXPIRATION OF
CURRENT TERM
Mayor — Erin J. Mendenhall 3(1) January 2024
Council Chair #5 Darin Mano 3 January 2026
Council Vice Chair #1 Victoria Petro 1 January 2026
Council Member #6 Daniel Dugan 3 January 2024
Council Member #7 Amy Fowler 5 January 2026
Council Member #2 Alejandro Puy(3) 1 January 2024
Council Member #4 Analia Valdemoros 4 January 2024
Council Member #3 Christopher Wharton 5 January 2026
____________________
(1) Mayor Mendenhall previously served 6 years as a council member before being elected mayor.
(2) Council Member Puy was elected to serve a two-year term beginning January 3, 2022.
CITY ADMINISTRATION
The offices of Chief of Staff, City Attorney, City Recorder and City Treasurer are
appointive offices.
Rachel Otto, Chief of Staff, was appointed to her position in November 2019. Before
becoming Mayor Mendenhall’s chief of staff Ms. Otto worked as Government Relations Director
for the Utah League of Cities and Towns. In that capacity, she developed policy and advocated
for local government at the State Legislature. Ms. Otto, trained as an attorney, also served as a
deputy city attorney for West Jordan, assistant city attorney for South Jordan, and worked in
private practice for several years after graduating from the University of Utah’s College of Law in
2008.
Katherine N. Lewis, City Attorney, was appointed as the City Attorney in January 2020.
Ms. Lewis received her law degree from the University of Utah S.J. Quinney College of Law in
2007 and received her undergraduate degree from Colorado State University in 2001. Ms. Lewis
was a Senior City Attorney in the Salt Lake City Attorney’s Office from 2013-2020 prior to being
appointed the City Attorney. She worked in private practice at Parsons Behle & Latimer prior to
joining the Salt Lake City Attorney’s Office.
Cindy Lou Trishman, City Recorder, was appointed on June 3, 2020. Prior to this position,
Ms. Trishman was employed by the Salt Lake City Council. Her duties included team
management, inauguration and transition of newly elected officials, elected official vacancy
coordination, enhancing government transparency efforts and building process improvements.
Ms. Trishman holds a Bachelor of Science degree in Business and English.
Marina Scott, City Treasurer, was appointed to her position on June 4, 2013. From
December 2006 until her appointment, Ms. Scott was Deputy Treasurer for the City; and from
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September 2005 until December 2006 she served as an Accountant III for the Public Services
Department. Ms. Scott holds a Bachelor of Science degree in Accounting, and a Master of
Professional Accountancy from Weber State University. She also holds a Master of Arts in Library
and Information Science from Vilnius State University.
EMPLOYEE WORKFORCE AND RETIREMENT SYSTEM; POSTEMPLOYMENT BENEFITS
Employee Workforce and Retirement System. The City currently employs approximately
[3,063] full-time employees and approximately [495] hourly and part-time employees for a total
employment of approximately [3,558] employees. The City participates in three cost-sharing
multiple-employer public employee retirement systems and one multiple-employer agent system
which are defined benefit retirement plans covering public employees of the State and employees
of participating local governmental entities (the “Systems”). The Systems are administered under
the direction of the Utah State Retirement Board whose members are appointed by the Governor
of the State. See “APPENDIX B – SALT LAKE CITY CORPORATION FINANCIAL STATEMENTS FOR THE
FISCAL YEAR ENDED JUNE 30, 2022 – Notes to Financial Statements – Note 6 – Long-Term
Obligations,” “– Note 12 – Pension Plans” and “– Note 13 – Defined Contribution Savings Plans.”
Retirement Liability. The City participates in the Utah Retirement System (“URS”). URS
is funded and administered by the State. Each year, as approved by the State Legislature, URS
sets rates, enacts rules, and implements policies related to the pensions and benefits the City
retirees receive. Starting in Fiscal Year 2015, GASB Statement Number 68 requires URS to pass
on pension and retirement liability to public entities it serves, including the City. Working with
the City’s independent auditors and State specialists, this liability has been recorded on the City’s
financial statements for the Fiscal Year ending June 30, 2022 in the amount of $__________.
Additional information regarding the City’s retirement system can be found in the City’s
financial statements, which are available on the City’s website.
No Other Post-Employment Benefits. The City does not offer post-employment benefits.
POPULATION
YEAR
THE
CITY
% INCREASE
FROM PRIOR
PERIOD
SALT
LAKE
COUNTY
% INCREASE
FROM PRIOR
PERIOD
THE
STATE
% INCREASE
FROM PRIOR
PERIOD
2022 Estimate 203,372 1.44% 1,207,538 1.78% 3,404,760 2.00%
2021 Estimate 200,478 0.38 1,186,421 0.10 3,337,975 2.03
2020 Census 199,723 7.12 1,185,238 15.11 3,271,616 18.37
2010 Census 186,440 2.58 1,029,655 14.61 2,763,885 23.77
2000 Census 181,743 13.63 898,387 23.75 2,233,169 29.62
_________________________
(Source: U.S. Census Bureau, as revised and subject to periodic revision and Kem C. Gardner Policy Institute, University of
Utah—Population Estimates)
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PROPERTY VALUE OF PRE-AUTHORIZED CONSTRUCTION IN THE CITY
NEW
ADDITIONS,
ALTERATIONS AND REPAIRS
TOTAL
CONSTRUCTION
Year
Number
Dwelling
Units
Residential
Value
($000)
Non-
residential
Value
($000)
Residential
Value
($000)
Non-
residential
Value
($000)
Value
($000)
% Change
from
Prior
Period
2022* 1,671 $343,153.0 $430,957.4 $ 23,194.1 $207,594.5 $1,004,898.9 NA
2021 4,131 765,117.5 467,325.4 48,870.3 717,998.4 1,999,311.7 37.6%
2020 2,282 309,034.0 418,296.0 105,562.2 620,532.8 1,453,425.0 2.6
2019 3,894 589,888.3 458,798.9 40,935.1 326,724.3 1,416,346.6 72.1
2018 877 126,957.6 430,249.0 37,989.0 227,906.7 823,102.3 (2.4)
2017 648 99,053.9 428,214.5 35,050.7 280,826.6 843,145.8 (43.1)
____________________
* 2nd Quarter of 2022.
(Source: Kem C. Gardner Policy Institute, University of Utah—Ivory-Boyer Construction Database.)
SALES AND BUILDING IN SALT LAKE COUNTY
SALES AND BUILDING 2020 2019 2018 2017 2016
Gross Taxable Sales $31,377,750 $30,093,152 $28,846,015 $27,084,521 $25,415,491
Permit Authorized Construction $4,043,270.6 $3,838,632.5 $3,015,289.6 $2,899,665.5 $3,277,856.5
New Dwelling Units 10,553 9,798 8,150 6,602 8,363
New Residential Value $1,929,212.7 $1,804,752.7 $1,470,556.5 $1,288,967.8 $1,424,930.5
____________________
(Source: Utah Department of Workforce Services and Kem C. Gardner Policy Institute, University of Utah—Ivory-Boyer
Construction Database.)
INCOME AND WAGES IN SALT LAKE COUNTY
INCOME AND WAGES 2020 2019 2018 2017 2016
Total Personal Income ($000) $68,854,783 $64,279,705 $59,895,272 $56,093,445 $53,262,453
Per Capita Income 59,077 $55,481 $52,130 $49,323 $47,524
Median Household Income Estimates $77,128 $79,941 $73,619 $71,396 $68,404
Average Monthly Nonfarm Wage $5,146 $4,724 $4,512 $4,337 $4,211
____________________
(Source: Utah Department of Workforce Services.)
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BUSINESS AND INDUSTRY
TAXABLE SALES AND LOCAL OPTION SALES TAX ALLOCATION — THE CITY
YEAR ENDED
JUNE 30
GROSS TAXABLE
SALES*
% CHANGE OVER
PRIOR YEAR
LOCAL OPTION SALES
TAXES RECEIVED
% CHANGE OVER
PRIOR YEAR
2020 $8,866,974,472 (3.4)% $66,363,398 2.3%
2019 9,178,096,008 3.6 64,897,442 4.9
2018 8,862,086,472 7.7 61,864,444 8.3
2017 8,229,084,282 8.0 57,119,114 6.4
2016 7,615,725,610 -- 53,668,768 --
____________________
* Source: Utah State Tax Commission.
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SEVERAL OF THE LARGEST EMPLOYERS IN SALT LAKE COUNTY
The following is a list of some of the largest employers in Salt Lake County.
FIRM NAME
INDUSTRY
APPROXIMATE NUMBER
OF EMPLOYEES
University of Utah Colleges, Universities, & Professional Schools 20,000+
State of Utah Government 20,000+
Intermountain Health Care General Medical & Surgical Hospitals 15,000-19,999
U.S. Government Government 10,000-14,999
LDS Church Religious Agencies Religious Organizations 7,000-9,999
Zions Bank Financial Services 7,000-9,999
Wal-Mart Warehouse Clubs/Supercenters 7,000-9,999
Granite School District Public Education 7,000-9,999
Jordan School District Public Education 5,000-6,999
Salt Lake County Local Government 5,000-6,999
Amazon Fulfillment Services Delivery Service 4,000-4,999
Canyons School District Public Education 4,000-4,999
Delta Airlines Transportation 4,000-4,999
ARUP Laboratories Medical Research 3,000-3,999
United Parcel Service Delivery Service 3,000-3,999
Smiths Grocery Stores 3,000-3,999
Discover Financial Services 3,000-3,999
Department of Veterans Affairs Health Care 3,000-3,999
Salt Lake City School District Public Education 3,000-3,999
Wells Fargo Financial Services 3,000-3,999
Salt Lake Community College Higher Education 3,000-3,999
U.S. Postal Service Postal Service 2,000-2,999
Goldman Sachs Financial Services 2,000-2,999
L3 Technologies Manufacturing 2,000-2,999
McDonalds Restaurants 2,000-2,999
Utah Transit Authority Public Transportation 2,000-2,999
Kennecott Utah Copper Mining 2,000-2,999
Salt Lake City Local Government 2,000-2,999
Merit Medical Systems Manufacturing 2,000-2,999
_____________________
(Source: Utah Department of Workforce Services. As of April 2022.)
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LABOR MARKET DATA OF SALT LAKE COUNTY
2022* 2021 2020 2019 2018
Civilian Labor Force 688,628 663,779 642,357 634,741 619,396
Employed 671,327 647,813 609,766 618,767 601,161
Unemployed 17,301 15,966 32,591 15,974 18,235
Mining 2,711 2,704 2,645 2,853
Construction 49,158 45,883 42,773 40,034
Manufacturing 58,143 56,540 57,836 56,653
Trade, transportation and utilities 151,551 145,125 145,881 143,262
Information 21,276 20,247 20,567 20,031
Financial activities 63,147 61,313 59,900 58,727
Professional and business services 134,200 128,950 129,758 125,720
Education, health and social services 87,215 83,301 84,687 82,534
Leisure and hospitality 57,013 51,823 62,712 60,804
Other services 21,482 20,477 22,401 21,859
Government 103,006 103,455 104,456 105,383
____________________
* Preliminary; subject to change.
(Source: Utah Department of Workforce Services.)
RATE OF UNEMPLOYMENT — ANNUAL AVERAGE
YEAR SALT LAKE COUNTY THE STATE UNITED STATES
2022* 2.5% 2.4% 3.5%
2021 2.8 2.2 3.9
2020 5.1 4.7 8.1
2019 2.5 2.6 3.7
2018 2.8 2.9 3.9
2017 3.1 3.3 4.4
____________________
* Preliminary; subject to change. As of December 2022 (seasonally adjusted).
(Source: Utah Department of Workforce Services; U.S. Department of Labor.)
- 17 -
DEBT STRUCTURE OF SALT LAKE CITY, UTAH
For purposes of the information set forth under this section under the headings entitled “Outstanding Debt
Issues,” “Debt Service Schedule of Outstanding General Obligation Bonds,” “Overlapping General Obligation
Debt,” “Debt Ratios,” and “General Obligation Legal Debt Limit and Additional Debt Incurring Capacity,” the
Bonds are considered issued and outstanding.
OUTSTANDING DEBT ISSUES (EXPECTED AS OF CLOSING DATE OF THE BONDS) (1)
AMOUNT OF
ORIGINAL ISSUE
FINAL
MATURITY DATE
PRINCIPAL
OUTSTANDING
General Obligation Bonds:
Series 2010B (Public Safety Facilities) $100,000,000 6/15/2031 $ 49,885,000
Series 2013 (Refunded a portion of Series 2004A) 6,395,000 6/15/2024 1,440,000
Series 2015A Refunding (Federally Taxable Sports Complex) 14,615,000 6/15/2028 6,795,000
Series 2017B Refunding (Refunded portion of Series 2010A) 12,920,000 6/15/2030 10,775,000
Series 2019 Improvement and Refunding (Refunded a portion of
Series 2017A)
22,840,000
6/15/2039
15,405,000
Series 2020 (Streets) 17,745,000 6/15/2040 12,675,000
Series 2021 (Streets) 20,660,000 6/15/2041 16,810,000
Series 2022 (Streets) 21,785,000 6/15/2042 21,785,000
Series 2023 (Federally Taxable) (2) __________* 6/15/204_ *
Total $ *
Water and Sewer Revenue Bonds:
Series 2009 (Federally Taxable) $ 6,300,000 2/1/2031 $ 2,835,000
Series 2010 Revenue Bonds 12,000,000 2/1/2031 5,965,000
Series 2011 Revenue Bonds 8,000,000 2/1/2027 2,780,000
Series 2012 Improvement and Refunding Bonds 28,565,000 2/1/2027 6,535,000
Series 2017 Improvement and Refunding Bonds 72,185,000 2/1/2037 62,435,000
Series 2020 Improvement Bonds 157,390,000 2/1/2050 157,390,000
Series 2020B Improvement Bonds (WIFIA loan) (3) 348,635,000 8/1/2058 13,112,999
Series 2022A Improvement Bonds 329,025,000 2/1/2052 329,025,000
Total $580,077,999
Sales and Excise Tax Revenue Bonds:
Series 2013B 7,315,000 10/1/2033 $ 355,000
Series 2014B 10,935,000 10/1/2034 7,460,000
Series 2016A 21,715,000 10/1/2028 13,880,000
Series 2019A 2,620,000 4/1/2027 1,555,000
Series 2019B (Federally Taxable) 58,540,000 4/1/2038 57,270,000
Series 2021 (Federally Taxable) 15,045,000 10/1/2034 14,840,000
Series 2022A 8,900,000 10/1/2032 8,320,000
Series 2022B 40,015,000 10/1/2042 40,015,000
Series 2022C (Federally Taxable) 24,240,000 10/1/2033 24,240,000
Total $167,9355,000
Motor Fuel Excise Tax Revenue Bonds:
Series 2014 $8,800,000 4/1/2024 $ 1,900,000
Airport Revenue Bonds:
Series 2017A $826,210,000 7/1/2047 $ 808,925,000
Series 2017B 173,790,000 7/1/2047 169,590,000
Series 2018A 753,855,000 7/1/2048 753,855,000
Series 2018B 96,695,000 7/1/2048 96,695,000
Series 2021A 776,925,000 7/1/2051 755,520000
Series 2021B 127,645,000 7/1/2051 127,475,000
Total $2,732,060,000
Local Building Authority Lease Revenue Bonds(4):
Series 2013A $7,180,000 10/15/2034 $ 650,000
Series 2014A 7,095,000 4/15/2035 310,000
Series 2016A 6,755,000 4/15/2037 5,490,000
Series 2017A 8,115,000 4/15/2038 7,260,000
Total $13,710,000 ______________________________ * Preliminary; subject to change. (1) The Redevelopment Agency of Salt Lake City, a separate entity, has issued bonds, but such bonds are not obligations of the City and are therefore not included in this table. See “APPENDIX B—SALT LAKE CITY CORPORATION FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED JUNE 30, 2022—Notes to the Financial Statements—Note 6–Long-Term Obligations.” (2) For the purposes of this Official Statement, the Series 2023 Bonds are considered issued and outstanding. (3) Amount shown is the amount drawn down from the WIFIA Loan as of the date of this Official Statement.
(4) The Local Building Authority of Salt Lake City is a separate entity. Lease Revenue Bonds are not obligations of the City, but are paid from annually appropriated rental payments
made by the City.
- 18 -
In addition to the outstanding debt listed in the table above, in 202_ the City received a
$7,000,000 infrastructure loan to finance a portion of the cost of a neighborhood parking structure
through a revolving fund called the Utah State Infrastructure Bank Fund. The loan bears interest
at rate of 1.96%, and the term is 15 years. To secure the repayment of the loan, the City pledged
the funds allocated by the State of Utah by Section 72-2-121(4) of the Utah Code and the City’s
innkeepers tax if the State of Utah fails to make its annual payments to the City.
DEBT SERVICE SCHEDULE OF OUTSTANDING GENERAL OBLIGATION BONDS
(As of __________, 2023)
Fiscal Outstanding
General Obligation Bonds
Totals
Year Bonds Total
Ending Total Total Debt
June 30 Principal* Interest Principal Interest Principal Interest Service
2023 $ $ $ $ $ $ $
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
Total** $ $ $ $ $ $ $
____________________
* Preliminary; subject to change..
** Amounts may not add due to rounding.
FUTURE DEBT PLANS {To be updated by the City.}
The City anticipates issuing the remaining bonds authorized at the November 8, 2022
election in several series over the next few years.
- 19 -
The City will issue approximately $506 million in additional general airport revenue bonds
in the future to complete the $4.5 billion airport reconstruction program. The reconstruction
program is currently expected to be completed by 2024.
Public utilities revenue bonds of approximately $503 million are expected to be issued over
the next seven years to fund the Department of Public Utilities (“Public Utilities”) capital
improvement program. A major focus of Public Utilities’ budget is the rehabilitation and
replacement of aging infrastructure. The largest planned projects are the new water reclamation
facility to meet regulatory requirements, improvements to three water treatment plants, phased
construction of a new water conveyance line to expand service and provide redundancy, and water,
sewer and storm water utility infrastructure work necessitated by street improvements projects
pursuant to the City’s passage of the general obligation bond for that purpose. Public Utilities will
also be utilizing proceeds from a $348,635,000 Water Infrastructure Finance and Innovation Act
(WIFIA) loan secured to finance the construction of the water reclamation facility. The loan will
be drawn through 2024.
The City analyzes the potential value of refunding bond issues, particularly during periods
of lower than normal interest rates or on an as needed basis and may issue refunding bonds at such
times.
OVERLAPPING GENERAL OBLIGATION DEBT
TAXING ENTITY (1)
2022 TAXABLE
VALUE (2)
CITY’S
PORTION OF
TAXABLE VALUE (2)
CITY’S
PERCENTAGE
ENTITY’S
GENERAL
OBLIGATION DEBT (3)
CITY’S
PORTION OF
G.O. DEBT
CUWCD(4) ...................... $ $ % $ $
Salt Lake City School
District ..........................
Salt Lake County ............
Total Overlapping General Obligation Debt............................................................................................................ $
Total Direct General Obligation Bonded Indebtedness ........................................................................................... $ *
Total Direct and Overlapping General Obligation Debt .......................................................................................... $ *
_________________________
* Preliminary; subject to change.
(1) The State’s general obligation debt is not included in overlapping debt because the State currently levies no property tax for payment of its
general obligation bonds.
(2) Taxable Value used in this table excludes the taxable value used to determine uniform fees on tangible personal property. See “FINANCIAL
INFORMATION REGARDING SALT LAKE CITY, UTAH — Property Tax Matters — Uniform Fees” and “FINANCIAL INFORMATION REGARDING
SALT LAKE CITY, UTAH — Taxable and Fair Market Value of Property.”
(3) Entity’s General Obligation Debt used in this table is as of March 15, 2022 in the case of CUWCD, June 30, 2022 in the case Salt Lake City
School District, and December 31, 2021 in the case of Salt Lake County.
(4) Central Utah Water Conservancy District (“CUWCD”) encompasses all or a portion of eight State counties, including, among others, Salt
Lake County. CUWCD’s outstanding general obligation bonds are limited ad valorem tax bonds. By law, CUWCD may levy a tax rate of
up to 0.000400 to pay for operation and maintenance expenses and any outstanding general obligation indebtedness.
(Source: Property Tax Division, Utah State Tax Commission (as to Taxable Value) and entity financial information (as to outstanding general
obligation debt).)
- 20 -
DEBT RATIOS
The following table sets forth the ratios of general obligation debt of the City and the taxing
entities listed in the table above entitled “Overlapping General Obligation Debt” that is expected
to be paid from taxes levied specifically for such debt (and not from other revenues) on the taxable
value of property within Salt Lake City, the estimated fair market value of such property and the
population of Salt Lake City. The State’s general obligation debt is not included in the debt ratios
because the State currently levies no property tax for payment of general obligation debt.
COMPARED
TO 2021
TAXABLE
VALUE (1)
COMPARED
TO 2021
ESTIMATED FAIR
MARKET VALUE (2)
COMPARED TO 2021
POPULATION
ESTIMATE
PER CAPITA (3)
Direct General Obligation Debt* ....... % % $
Direct and Overlapping General
Obligation Debt* ...........................
%
%
$
_________________________
* Preliminary; subject to change.
(1) Based on 2022 Taxable Value of $__________, which value excludes the taxable value used to determine uniform fees on tangible personal
property.
(2) Based 2022 Fair Market Value of $__________, which value excludes motor vehicle values.
(3) Based on a 2022 estimated population of _________ persons.
See “FINANCIAL INFORMATION REGARDING SALT LAKE CITY, UTAH — Property Tax
Matters — Uniform Fees” and “FINANCIAL INFORMATION REGARDING SALT LAKE CITY, UTAH —
Taxable and Fair Market Value of Property.”
GENERAL OBLIGATION LEGAL DEBT LIMIT AND ADDITIONAL DEBT INCURRING CAPACITY
The general obligation indebtedness of the City is limited by State law to 8% of taxable
property in the City (4% for general purposes and an additional 4% for sewer, water and electric
purposes†) as computed from the last equalized assessment rolls for State or County purposes prior
to incurring the debt. The legal debt limit and additional debt incurring capacity of the City are
based on the estimated fair market value for 2021 and are calculated as follows:
2022 Fair Market Value (1) .................................................................................................... $
LEGAL
DEBT
MARGIN
GENERAL
PURPOSES
4%
WATER, SEWER,
AND LIGHTING
4%
TOTAL
8%
General Obligation Debt Limit $ $ $
Less: Outstanding General Obligation
Bonds*
( )
-
( )
Legal Debt Margin* $ $ $ ____________________
* Preliminary; subject to change.
† The full 8% may be used for water, sewer and electric purposes but if it is so used, then no general obligation bonds may be issued in excess
of 8% for any purpose.
(1) For debt incurring capacity only, in computing the fair market value of taxable property in the City, the fair market value of all tax equivalent
property (which value includes the taxable value used to determine uniform fees on tangible personal property) has been included as a part of
the fair market value of the taxable property in the City.
- 21 -
NO DEFAULTED OBLIGATIONS
The City has never failed to pay principal of and interest on its financial obligations when
due.
FINANCIAL INFORMATION REGARDING SALT LAKE CITY, UTAH
FUND STRUCTURE; ACCOUNTING BASIS
The accounts of the City are organized on the basis of funds, each of which is considered
to be a separate accounting entity. The operations of each fund are accounted for by providing a
separate set of self-balancing accounts that comprise its assets, liabilities, fund balance or net
assets, revenues, and expenditures or expenses. The various funds are grouped by type in the basic
financial statements.
Revenues and expenditures are recognized using the modified accrual basis of accounting
in all governmental funds. Revenues are recognized in the accounting period in which they
become both measurable and available. “Measurable” means that amounts can be reasonably
determined within the current period. “Available” means that amounts are collectible within the
current period or soon enough thereafter to be used to pay liabilities of the current period. The
City uses 60 days as a cutoff for meeting the available criterion. Property taxes are considered
“measurable” when levied and available when collected and held by Salt Lake County. Any
amounts not available are recorded as deferred revenue. Franchise taxes are considered
“measurable” when collected and held by the utility company, and are recognized as revenue at
that time. Other revenues that are determined to be susceptible to accrual include grants-in-aid
earned and other intergovernmental revenues, charges for services, interest, assessments, interfund
service charges, and proceeds of the sale of property. Property taxes and assessments are recorded
as receivables when assessed; however, they are reported as deferred revenue until the “available”
criterion has been met. Sales and use taxes collected by the State and remitted to the City within
the “available” time period are recognized as revenue. Revenues collected in advance are deferred
and recognized in the period to which they apply.
In proprietary funds, revenues and expenses are recognized using the accrual basis of
accounting. Revenues are recognized in the accounting period in which they are earned and
become measurable and expenses are recognized in the period incurred.
FINANCIAL CONTROLS
The City utilizes a computerized financial accounting system which includes a system of
budgetary controls. State law requires budgets to be controlled by individual departments, but the
City also maintains computerized control by major categories within departments. These
computerized controls are such that a requisition cannot be entered into the purchasing system
unless the appropriated funds are available. The system checks for sufficient funds again, prior to
the purchase order being issued, and again before the payment check is issued. Voucher payments
are also controlled by the computer for sufficient appropriations.
- 22 -
BUDGET AND APPROPRIATION PROCESS
The budget and appropriation process of the City is governed by the Uniform Fiscal
Procedures Act for Utah Cities, Title 10, Chapter 6, of the Utah Code (the “Fiscal Procedures
Act”). Pursuant to the Fiscal Procedures Act, the budget officer of the City is required to prepare
budgets for the General Fund, Special Revenue Funds, Debt Service Funds and Capital
Improvement Fund. These budgets are to provide a complete financial plan for the budget (ensuing
fiscal) year. Each budget is required to specify, in tabular form, estimates of anticipated revenues
and appropriations for expenditures. Under the Fiscal Procedures Act, the total of anticipated
revenues must equal the total of appropriated expenditures.
On or before the first regular meeting of the City Council in May of each year, the budget
officer is required to submit to the City Council tentative budgets for all funds for the Fiscal Year
commencing July 1. Various actual and estimated budget data are required to be set forth in the
tentative budgets. The budget officer may revise the budget request submitted by the heads of City
departments, but must file these submissions with the City Council together with the tentative
budget. The budget officer is required to estimate in the tentative budget the revenue from
nonproperty tax sources available for each fund and the revenue from general property taxes
required by each fund. The tentative budget is then provisionally adopted by the City Council,
with any amendments or revisions that the City Council deems advisable prior to the public
hearings on the tentative budget. After public notice and hearing, the tentative budget is adopted
by the City Council, subject to further amendment or revisions by the City Council prior to
adoption of the final budget.
Prior to June 30th of each year, the final budgets for all funds are adopted by the City
Council. The Fiscal Procedures Act prohibits the City Council from making any appropriation in
the final budget of any fund in excess of the estimated expendable revenue of such fund. The
adopted final budget is subject to amendment by the City Council during the Fiscal Year.
However, in order to increase the budget total of any fund, public notice and hearing must be
provided. Intra- and inter-department transfers of appropriation balances are permitted upon
compliance with the Fiscal Procedures Act.
The amount set forth in the final budget as the total amount of estimated revenue from
property taxes constitutes the basis for determining the property tax levy to be set by the City
Council for the succeeding tax year.
INSURANCE COVERAGE
The City is largely self-insured for general liability exposures, except for liability incurred
on premises owned, rented, or occupied by the Department of Airports (the “Airport”) and cyber
liability insurance. The Airport carries commercial general liability insurance with a $500,000,000
policy limit and no deductible. The Governmental Immunity Fund (an internal service fund) has
been established to pay liability claims other than those covered by the Airport policy, along with
certain litigation expenses.
- 23 -
The City carries an all risk property insurance policy (the “Policy”) with a $500,000,000
aggregate limit and a $100,000 deductible, except for earthquake, which carries a 1% deductible
per location; and flood, which carries a $250,000 or $500,000 deductible, depending on location.
Sub-limits include: (1) earthquake limit of $125,000,000 aggregate; (2) flood limit of
$100,000,000 aggregate; (3) dams and appurtenant structures limit of $30,000,000 aggregate
except for Mountain Dell, which carries a $60,000,000 aggregate limit; (4) business interruption
and extra expense are covered at $10,000,000; and (5) terrorism loss is covered at $5,000,000. The
City is self-insured for property loss above the limits and below the deductibles. The operating
departments of the General Fund or proprietary funds assume financial responsibility for risk
retained by the City for property damage.
The Airport is covered by a separate all risk property insurance policy with a
$1,000,000,000 limit, subject to sub-limits and a $100,000 deductible. Locations covered include
Salt Lake City International Airport, South Valley Regional Airport, and Tooele Valley Airport.
Boiler and machinery carry a deductible of $100,000. Flood carries a sub-limit of $100,000,000
and Earth movement carries sub-limit of $100,000,000 with a 2% deductible per unit, subject to a
$100,000 minimum and $5,000,000 maximum in any one occurrence. Windstorm or hail carries a
$500,000,000 limit, subject to a minimum $250,000 deductible per occurrence. Time element
including business interruption, extra expense, rental value, and rental income is covered at
$200,000,000 with a $100,000 deductible. Sub-limits apply for debris removal ($25,000,000),
valuable papers and records ($25,000,000), errors and omissions ($10,000,000), and named storm
($1,000,000,000).
The Treasurer, Deputy Treasurer, and Chief Financial Officer are each covered under
$10,000,000 public official bonds. The City also has a government crime policy covering (1)
employee theft with a $1,000,000 limit and $20,000 deductible; (2) forgery or alteration with a
$25,000 limit and $1,000 deductible; (3) theft of money and securities with a $50,000 limit and
$2,500 deductible; (4) robbery or safe burglary with a $50,000 limit and $2,500 deductible; (5)
money orders and counterfeit money with a $50,000 limit and $2,500 deductible; and (6) computer
fraud and funds transfer fraud, each carrying $1,000,000 limits and $20,000 deductibles.
The City purchases excess workers’ compensation insurance with a $30,000,000 limit and
$1,000,000 self-insured retention per occurrence for Fire and Police employees and $750,000 self-
insured retention per occurrence for all other employee classifications. The City is self-insured for
losses above the limits and below the deductibles. Further, the City is self-insured for
unemployment. The Risk Management Fund (an internal service fund) has been established to pay
these claims along with health insurance premiums and certain administrative expenses. During
the past three fiscal years, there have been no settlements that exceeded the self-insured retentions.
See “APPENDIX A – SALT LAKE CITY CORPORATION FINANCIAL STATEMENTS FOR THE
FISCAL YEAR ENDED JUNE 30, 2022 – Notes to Financial Statements – Note 11 – Risk
Management.”
- 24 -
INVESTMENT POLICY
City Policy. It is the policy of the City to invest public funds in accordance with the
principles of sound treasury management and in compliance with State and local laws, regulations,
and other policies governing the investment of public funds, specifically, according to the terms
and conditions of the State Money Management Act of 1974 and Rules of the State Money
Management Council as currently amended (the “Money Management Act”), and the City’s own
written investment policy. The following investment objectives, in order of priority, are met when
investing public funds: safety of principal, need for liquidity, and maximum yield on investments
consistent with the first two objectives.
The City may use investment advisers to conduct investment transactions on its behalf as
permitted by the Money Management Act and local ordinance or policy. Investment advisers must
be certified by the Director of the Utah State Division of Securities of the Department of
Commerce (the “Director”). Broker/dealers and agents who desire to become certified dealers
must be certified by the Director and meet the requirements of the Money Management Act. Only
qualified depositories as certified by Utah’s Commissioner of Financial Institutions are eligible to
receive and hold deposits of public funds. The State Money Management Council issues a
quarterly list of certified investment advisers, certified dealers, and qualified depositories
authorized by State statute to conduct transactions with public treasurers. Transactions involving
authorized deposits or investments of public funds may be conducted only through issuers of
securities authorized by Section 51-7-11(3) of the Utah Code, qualified depositories included in
the current State list, and certified dealers included in the current State list. The City Treasurer
must take delivery of all investments purchased, including those purchased through a certified
investment adviser. This may be accomplished by the City Treasurer taking physical delivery of
the security or delivering the security to a bank or trust company designated by the City Treasurer
for safekeeping. The City Treasurer may use a qualified depository bank for safekeeping securities
or maintain an account with a money center bank for the purpose of settling investment
transactions and safekeeping and collecting those investments.
City policy provides that not more than 25% of total City funds or 25% of the qualified
depository’s allotment, whichever is less, can be invested in any one qualified depository. Not
more than 20% of total City funds may be invested in any one certified out-of-state depository
institution. However, there is no limitation placed on the amount invested with the Utah Public
Treasurer’s Investment Fund (“PTIF”) and other money market mutual funds, provided that the
overall standards of investments achieve the City’s policy objectives.
All funds pledged or otherwise dedicated to the payment of interest on and principal of
bonds or notes issued by the City are invested in accordance with the terms and borrowing
instruments applicable to such bonds or notes. City policy also provides that the remaining term
to maturity of an investment may not exceed the period of availability of the funds invested. The
investment of City funds cannot be of a speculative nature.
The City’s entire portfolio is currently in compliance with all of the provisions of the
Money Management Act.
- 25 -
The Utah Public Treasurers’ Investment Fund. The PTIF is a local government investment
fund, established in 1981, and managed by the State Treasurer. Generally, substantial portion of
the City’s funds are on deposit in the PTIF (currently approximately $1.5 billion). All investments
in the PTIF must comply with the Money Management Act and rules of the State Money
Management Council. The PTIF invests primarily in money market securities. Securities in the
PTIF include certificates of deposit, commercial paper, short-term corporate notes, obligations of
the U.S. Treasury and securities of certain agencies of the federal government. By policy, the
maximum weighted average adjusted life of the portfolio is not to exceed 90 days and the
maximum final maturity of any security purchased by the PTIF is limited to five years.
Safekeeping and audit controls for all investments owned by the PTIF must comply with the
Money Management Act.
All securities purchased are delivered versus payment to the custody of the State Treasurer
or the State Treasurer’s safekeeping bank, assuring a perfected interest in the securities. Securities
owned by the PTIF are completely segregated from securities owned by the State. The State has
no claim on assets owned by the PTIF except for any investment of State moneys in the PTIF.
Deposits are not insured or otherwise guaranteed by the State.
Investment activity of the State Treasurer in the management of the PTIF is reviewed
monthly by the State Money Management Council and is audited by the State Auditor.
The information in this section concerning the current status of the PTIF has been obtained
from sources the City believes to be reliable, but the City takes no responsibility for the accuracy
thereof.
See “APPENDIX A – SALT LAKE CITY CORPORATION FINANCIAL STATEMENTS FOR THE
FISCAL YEAR ENDED JUNE 30, 2022 – Notes to the Financial Statements – Note 2 – Cash, Cash
Equivalents and Investments” below.
PROPERTY TAX MATTERS
The Property Tax Act, Chapter 2, Title 59 of the Utah Code (the “Property Tax Act”),
provides that all taxable property is required to be assessed and taxed at a uniform and equal rate
on the basis of its “fair market value” as of January 1 of each year, unless otherwise provided by
law. “Fair market value” is defined in the Property Tax Act as “the amount at which property
would change hands between a willing buyer and a willing seller, neither being under any
compulsion to buy or sell and both having reasonable knowledge of the relevant facts.” Pursuant
to an exemption for residential property provided for under the Property Tax Act and Article XIII
of the State Constitution, the “fair market value” of residential property is reduced by 45%. The
residential exemption is limited to one acre of land per residential unit and to one primary residence
per household, except that an owner of multiple residential properties may exempt his or her
primary residence and each residential property that is the primary residence of a tenant.
The Property Tax Act provides that the Utah State Tax Commission (the “State Tax
Commission”) shall assess certain types of property (“centrally-assessed property”), including (a)
properties that operate as a unit across county lines that must be apportioned among more than one
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county or state, (b) public utility (including railroad, but, effective January 1, 2023, excluding a
telecommunications service provider) properties, (c) airline operating properties, (d) geothermal
resources and (e) mines, mining claims and appurtenant machinery, facilities and improvements.
All other taxable property (“locally-assessed property”) is required to be assessed by the county
assessor of the county in which such locally-assessed property is located. Each county assessor
must update property values annually based upon a systematic review of current market data by
using a mass appraisal system and must also complete a detailed review of property characteristics
for each parcel of property at least once every five years. The Property Tax Act requires that the
State Tax Commission conduct an annual investigation in each county to determine whether all
property subject to taxation is on the assessment rolls and whether the property is being assessed
at its “fair market value.”
The State Tax Commission and the county assessors utilize various valuation methods, as
determined by statute, administrative regulation or accepted practice, to determine the “fair market
value” of taxable property.
Uniform Fees. An annual statewide uniform fee is levied on tangible personal property in
lieu of the ad valorem tax. The uniform fee is based on the value of motor vehicles, watercraft,
recreational vehicles, and all other tangible personal property required to be registered with the
State. The current uniform fee is established at 1.5% of the fair market value of motor vehicles
that weigh 12,001 pounds or more; watercraft; motorcycles, recreational vehicles and all other
tangible personal property required to be registered with the State, excluding exempt property such
as aircraft, commercial vehicles and property subject to a fixed age-based fee. Motor vehicles
weighing 12,000 pounds or less are subject to an age-based fee that is due each time the vehicle is
registered. The age-based fee is for passenger type vehicles and ranges from $7.75 to $150,
depending on the age of the vehicle. Recreation vehicles, motorcycles, watercraft (except large
watercraft), snowmobiles, certain small motor vehicles and motor homes required to be registered
with the State are also subject to an aged-based fee that ranges from $4.00 to $700, depending on
the age of the vehicle. The revenues collected from the various uniform fees are distributed by the
county to the taxing entity in which the property is located in the same proportion in which revenue
collected from ad valorem real property tax is distributed.
Property Tax Valuation Agency Fund. The State Legislature requires each county to
annually impose a multicounty assessing and collecting levy to fund a Property Tax Valuation
Fund (the “PTVF”) and a Multicounty Appraisal Trust (the “Multicounty Trust”). Disbursements
to counties from the PTVF are to be used to offset costs of assessing and collecting property taxes;
improve the accurate valuation and uniform assessment levels of property and improve the
efficiency of the property tax system and are based on various administrative rules. Funds
deposited into the Multicounty Trust are to be used to provide funding for a statewide property tax
system that is intended to promote, among other things, the accurate valuation of property, the
establishment and maintenance of uniform assessment levels within and among counties, and the
efficient administration of the property tax system, including the costs of assessment, collection
and distribution of property taxes. A county may levy an additional tax to (a) promote the accurate
valuation and uniform assessment levels of property, (b) promote the efficient administration of
the property tax system, including the costs of assessment, collection and distribution of property
taxes, (c) fund state mandated actions and (d) establish reappraisal programs.
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TAX LEVY AND COLLECTION
The State Tax Commission must assess all centrally-assessed property by May 1 of each
year. County assessors must assess all locally-assessed property before May 22 of each year. The
State Tax Commission apportions the value of centrally-assessed property to the various taxing
entities within each county and reports such values to county auditors before June 8. The
governing body of each taxing entity must adopt a proposed tax rate or, if the tax rate is not more
than the certified tax rate, a final tax rate, before June 22; provided if the governing body has not
received the taxing entity’s certified tax rate at least seven days prior to June 22, the governing
body of the taxing entity must, no later than 14 days after receiving the certified tax rate from the
county auditor, adopt a proposed tax rate or, if the tax rate is not more than the certified tax rate, a
final tax rate. County auditors must forward to the State Tax Commission a statement prepared
by the legislative body of each taxing entity showing the amount and purpose of each levy. Upon
determination by the State Tax Commission that the tax levies comply with applicable law and do
not exceed maximum permitted rates, the State Tax Commission notifies county auditors to
implement the levies. If the State Tax Commission determines that a tax levy established by a
taxing entity exceeds the maximum levy permitted by law, the State Tax Commission must lower
the levy to the maximum levy permitted by law, notify the taxing entity that the rate has been
lowered and notify the county auditor (of the county in which the taxing entity is located) to
implement the rate established by the State Tax Commission.
On or before July 22 of each year, the county auditors must mail to all owners of real estate
shown on their assessment rolls notice of, among other things, the value of the property, itemized
tax information for all taxing entities and the date their respective county boards of equalization
will meet to hear complaints. Taxpayers owning property assessed by a county assessor may file
an application within statutorily defined time limits based on the nature of the contest with the
appropriate county board of equalization for the purpose of contesting the assessed valuation of
their property. The county board of equalization must render a decision on each appeal in the time
frame prescribed by the Property Tax Act. Under certain circumstances, the county board of
equalization must hold a hearing regarding the application, at which the taxpayer has the burden
of proving that the property sustained a decrease in fair market value. Decisions of the county
board of equalization may be appealed to the State Tax Commission, which must decide all appeals
relating to real property by March 1 of the following year. Owners of centrally-assessed property,
or any county with a showing of reasonable cause, may, on or before the later of August 1 or a day
within 90 days of the date the notice of assessment is mailed by the State Tax Commission, apply
to the State Tax Commission for a hearing to contest the assessment of centrally-assessed property.
The State Tax Commission must render a written decision within 120 days after the hearing is
completed and all post-hearing briefs are submitted. The county auditor makes a record of all
changes, corrections and orders, and delivers before November 1 the corrected assessment rolls to
the county treasurers. On or before November 1, each county treasurer furnishes each taxpayer a
notice containing, among other things, the kind and value of the property assessed to the taxpayer,
the street address of the property, where applicable, the amount of the tax levied on the property
and the year the property is subject to a detailed review.
Without an extension by a county legislative body, taxes are due November 30, or if a
Saturday, Sunday or holiday, the next business day. Each county treasurer is responsible for
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collecting all taxes levied on real property within that county. There are no prior claims to such
taxes. As taxes are collected, each county treasurer must pay to the State and each taxing entity
within the county its proportionate share of the taxes, on or before the tenth day of each month.
Delinquent taxes are subject to a penalty of 2.5% (or 1% if paid on or before the January 31
immediately following the delinquency date) of the amount of the taxes or $10, whichever is
greater. Unless the delinquent taxes and penalty are paid before January 31 of the following year,
the amount of delinquent taxes and penalty bears interest at the federal funds rate target established
by the Federal Open Markets Committee plus 6% from the January 1 following the delinquency
date until paid (provided that said interest may not be less than 7% or more than 10%) If delinquent
taxes have not been paid by March 15 following the lapse of four years from the delinquency date,
the affected county advertises and sells the property at a final tax sale held in May or June of the
fifth year after assessment.
The process described above changes if a county or other taxing entity proposes a tax rate
in excess of the certified tax rate (as described under “FINANCIAL INFORMATION REGARDING SALT
LAKE CITY, UTAH — Public Hearing on Certain Tax Increases” below). If such an increase is
proposed, the taxing entity must adopt a proposed tax rate before June 22. In addition, the county
auditor must include certain information in the notices to be mailed by July 22, as described above,
including information concerning the tax impact of the proposed increase on the property and the
time and place of the public hearing described in “FINANCIAL INFORMATION REGARDING SALT
LAKE CITY, UTAH — Public Hearing on Certain Tax Increases” below. In most cases, notice of
the public hearing must also be advertised by publication. After the public hearing is held, the
taxing entity may adopt a resolution levying a tax in excess of the certified tax rate. The final tax
notice is then mailed by November 1.
PUBLIC HEARING ON CERTAIN TAX INCREASES
Each taxing entity that proposes to levy a tax rate that exceeds the “certified tax rate” may
do so, by resolution, only after holding a properly noticed public hearing. Generally, the certified
tax rate is the rate necessary to generate the same property tax revenue that the taxing entity
budgeted for the prior year, with certain exclusions. For purposes of calculating the certified tax
rate, county auditors are to use the taxable value of property on the assessment rolls, exclusive of
eligible new growth. With certain exceptions, the certified tax rate for the minimum school levy,
debt service voted on by the public and certain state and county assessing and collecting levies are
the actual levies imposed for such purposes and no hearing is required for these levies.
Among other requirements, on or before July 22 of the year in which such an increase is
proposed, the county auditor must mail to all property owners a notice of the public hearing. In
most cases, the taxing entity must also advertise the notice of the public hearing by publication in
a newspaper. Such notices must state, among other things, the value of the property, the taxable
value of the property, the deadline to make application to appeal the valuation or equalization of
the property, and the tax impact of the proposed increase.
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SOURCES OF GENERAL FUND REVENUES
Set forth below are brief descriptions of the various sources of revenues available to the
City’s general fund. The percentage of total general fund revenues represented by each source is
based on the City’s audited June 30, 2022 fiscal year period:
Sales, use and excise taxes – Approximately 42.52% of general fund revenues are from
sales, use and excise taxes.
General property taxes – Approximately 31.66% of general fund revenues are from general
property taxes.
Licenses and Permits – Approximately 11.49% of general fund revenues are from licenses
and permits.
Interfund service charges – Approximately 5.76% of general fund revenues are from
interfund service charges.
Franchise taxes – Approximately 3.12% of general fund revenues are from franchise taxes.
Miscellaneous – Approximately 2.07% of general fund revenues are from miscellaneous
revenues.
Intergovernmental – Approximately 1.58% of general fund revenues are from other
governmental entities.
Charges for Services – Approximately 1.33% of general fund revenues are from charges
for services.
Parking meter – Approximately 0.80% of general fund revenues are from parking meters.
Fines and forfeitures – Approximately 0.51% of general fund revenues are from fines and
forfeitures.
Parking tickets – Approximately 0.48% of general fund revenues are from parking tickets.
Rental and other income – Approximately 0.22% of general fund revenues are from rental
and other income.
FIVE-YEAR FINANCIAL SUMMARIES
The summaries contained herein were extracted from the City’s financial statements for
the fiscal years ended June 30, 2018 through June 30, 2022. The summaries are unaudited. See
also “APPENDIX A – SALT LAKE CITY CORPORATION FINANCIAL STATEMENTS FOR THE FISCAL
YEAR ENDED JUNE 30, 2022.”
- 30 -
- 31 -
SALT LAKE CITY CORPORATION, UTAH
STATEMENT OF NET POSITION — GOVERNMENTAL ACTIVITIES
(FISCAL YEARS ENDED JUNE 30)
Unaudited
FISCAL YEAR ENDED JUNE 30
2022 2021 2020 2019 2018
ASSETS:
Current assets:
Cash and cash equivalents
Unrestricted(1) ......................................... $ 403,489,013 $ 297,001,895 $ 205,140,649 $ 173,296,451 $ 136,508,084
Restricted ................................................ 48,323,097 39,665,829 34,188,038 30,558,462 45,632,659
Receivables:
Property, franchise and excise taxes ...... 161,055,275 142,366,046 126,757,993 121,878,908 110,378,720
Assessments............................................ 1,738,401(2) 1,599,173(3) 3,781,533(4) 3,923,402(5) 1,426,875(6)
Loans and other receivables ................... 971,274 196,292 7,198,376 16,323,694 15,854,701
Due from other governments .................... 2,804,600 2,001,577 1,485,561 900,768 606,427
Due from other governments for cash
overdraft ....................................................
-
2,746,105
5,166,500
-
Other, principally accrued interest ........... 363,028 - 360,735 604,183
Prepaid Expenses ...................................... 2,874,719 2,752,662 2,984,933 2,926,066 2,493,423
Inventories ................................................ 1,024,271 869,627 774,660 817,167 741,940
Internal balances ....................................... 10,592,031 10,736,114 9,822,080 7,429,743 7,354,925
Total current assets ..................... 632,872,681 497,552,243 394,879,928 363,581,896 321,601,937
Noncurrent assets:
Restricted cash and cash equivalents…… - - - 8,561 27,239
Property and equipment, at cost:
Land and water rights ............................. 214,433,778 214,979,203 213,141,701 206,641,702 204,616,025
Infrastructure .......................................... 373,331,989 348,923,890 334,200,249 328,205,613 318,900,140
Buildings ................................................ 422,599,690 422,133,087 421,593,611 418,267,960 391,967,029
Right to use assets – building 8,319,367 - - - -
Improvements other than buildings ....... 120,938,298 116,303,900 114,148,172 112,998,914 98,476,480
Machinery and equipment ...................... 153,020,478 147,970,756 144,054,928 134,125,031 121,884,657
Construction in progress ........................ 16,809,894 15,885,212 13,156,742 7,925,802 44,532,285
Accumulated depreciation ...................... (458,269,675) (427,457,704) (400,438,206) (374,321,872) (351,033,657)
Net property and equipment ................ 851,183,819 838,738,344 839,857,197 833,843,150 829,342,959
Loans and other long-term receivables .... - - 6,503 -
Investment in joint venture ....................... 966,339 929,006 1,005,459 1,020,755 1,048,804
Net pension asset ...................................... 111,844,314 36,379,901 16,662,414 - 5,757,520
Total noncurrent assets ............... 963,994,470 876,047,251 857,525,070 834,878,969 836,176,522
Total assets ......................... 1,596,867,151 1,373,599,494 $1,252,404,998 $1,198,460,865 $1,157,778,459
Deferred Outflows of Resources:
Deferred gain on the refunding of debt . 6,386,774 6,439,819 6,802,878 - -
Deferred outflows – Pension ................ . 36,339,342 28,310,693 28,187,987 63,670,921 61,495,100
Total deferred outflows .............. 42,726,116 34,750,512 34,990,865 63,670,921 61,495,100
Total assets and deferred
outflows of resources….
$1,639,593,266
$1,408,350,006
$1,287,395,865
$1,262,131,786
$1,219,273,559 _________________________
(1) The changes in unrestricted and restricted cash and cash equivalents are due, for the most part, to the timing of the release of bond proceeds from
restricted accounts until such proceeds are actually spent.
(2) Including $1,997,733 of delinquent assessments
(3) Including $1,997,733 of delinquent assessments
(4) Including $1,997,733 of delinquent assessments
(5) Including $1,892,192 of delinquent assessments
(6) Including $384,417 of delinquent assessments
(Source: Information is taken from the City’s audited financial statements. This summary itself has not been audited.)
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SALT LAKE CITY CORPORATION, UTAH
STATEMENT OF NET POSITION — GOVERNMENTAL ACTIVITIES
(FISCAL YEARS ENDED JUNE 30)
(continued)
Unaudited
FISCAL YEAR ENDED JUNE 30
2022 2021 2020 2019 2018
LIABILITIES:
Current liabilities:
Accounts payable ................................... $ 22,358,289 $ 18,596,608 $ 11,004,215 $ 8,971,850 $ 9,464,358
Accrued liabilities .................................. 17,638,787 16,098,048 17,113,193 14,102,810 24,413,747
Due to other funds for cash overdraft .... - 2,746,105 5,166,500 -
Current portion of long-term
compensated absences .........................
22,318,014
3,132,026
2,243,741
2,474,761
445,411
Current portion of estimated claims
payable .................................................
982,232
19,592,573
-
2,325,578
-
Current portion of right to use leased
assets ....................................................
757,896
19,592,573
-
2,325,578
-
Current portion of long-term debt:
payable from unrestricted assets .......... 20,250,963 - 25,978,959 23,575,176 28,445,083
Other liabilities payable from restricted
assets ....................................................
485,209
766,878
3,446,127
4,311,679
1,773,111
Current deposits and advance rentals ..... 4,604,024 5,434,989 5,788,342 6,296,651 2,972,167
Total current liabilities ................ 89,395,414 63,621,122 68,320,682 67,225,005 67,513,877
Noncurrent liabilities:
Long-term compensation absences
liability .................................................
1,679,850
20,709,179
19,817,132
16,062,411
15,524,877
Estimated claims payable ....................... 11,133,858 12,927,192 7,581,192 6,866,805 8,755,597
Revenues collected in advance .............. 61,301,132 46,428,092 - - -
Bonds payable ........................................ 233,571,447 240,097,483 243,201,008 256,924,802 274,161,402
Notes payable ......................................... 20,958,943 7,259,226 8,263,371 9,225,733 9,513,211
Net pension liability ............................... 19,818,161 63,037,523 101,798,719 158,219,805 100,432,991
Lease liability ......................................... 6,840,390 63,037,523 101,798,719 158,219,805 100,432,991
Total noncurrent liabilities.......... 355,303,781 390,458,695 380,661,422 447,299,556 408,388,078
Total liabilities ................... 444,699,195 454,079,817 448,982,104 514,524,561 475,901,955
Deferred Inflows of Resources:
Deferred property tax revenues…… 122,354,376 106,291,546 104,983,955 99,797,016 95,222,510
Deferred Inflows-revenue collected in
advance ...............................................
272,118
5,000
5,817,413
-
-
Unavailable grant revenue…………… - - - - 1,187,321
Deferred Inflows-Pension……………. 141,139,987 68,431,541 37,820,944 6,820,594 49,737,469
Total deferred inflows…………. 263,766,381 174,728,087 148,622,312 106,617,610 146,147,300
NET POSITION:
Net investment in capital assets ............. 639,082,527 579,048,288 563,202,691 668,907,410 642,013,234
Restricted for:
Debt service .......................................... 19,592,573 24,435,870 19,161,674 17,400,982
Capital projects .................................... 101,246,582 82,484,787 58,860,342 39,468,770 39,969,704
Unrestricted ............................................ 190,798,582 98,416,454 43,292,546 (86,548,239) (102,159,615)
Total net position ........................ 931,127,691 779,542,102 689,791,449 640,989,615 597,224,232
Total liabilities and net position .. $1,639,593,266 $1,408,350,006 $1,287,395,865 $1,262,131,786 $1,219,273,559
_________________________
(Source: Information is taken from the City’s audited financial statements. This summary itself has not been audited.)
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SALT LAKE CITY CORPORATION, UTAH
BALANCE SHEET — GOVERNMENTAL FUNDS — GENERAL FUND
(FISCAL YEARS ENDED JUNE 30)
Unaudited
2022 2021 2020 2019 2018
ASSETS
Cash and cash equivalents:
Unrestricted $146,739,493 $102,997,255 $ 81,186,718 $ 66,930,200 $ 49,087,093
Restricted 486,015 1,445,291 1,479,040 1,214,680 119,303
Receivables
Property, franchise and excise 154,709,657 136,947,857 125,990,575 121,146,223 109,657,724
Accounts Receivable 740,437 680,170 410,798 585,327 754,799
Taxes Receivable 5,558,037 4,643,313 6,508,528 9,637,005 7,282,610
Current portion of loans receivables 170,990 78,027 91,228 105,658 719,155
Other, principally accrued interest 708 4,091 - 3,595 4,048
Prepaids 2,257,746 2,212,414 2,295,517 2,222,173 2,108,725
Total Assets $310,663,083 $249,008,418 $217,962,404 $201,844,861 $169,733,457
LIABILITIES
Accounts payable $ 5,911,271 $ 5,313,254 $ 4,422,547 $ 3,804,768 $ 3,947,162
Accrued liabilities 15,758,821 14,406,745 12,859,977 11,173,580 10,428,440
Due to other funds for cash overdraft - - - - 2,033,955
Current deposits and advance rentals 3,124,542 4,005,053 4,478,386 5,016,747 1,823,210
Current portion of long-term compensated
absences 3,390,391 2,705,850 1,975,363 2,243,741
179,411
Total liabilities 28,185,025 26,430,902 23,736,273 22,238,836 18,412,178
DEFERRED INFLOWS OF RESOURCES
Receivables not meeting available criterion 122,354,376 106,291,546 104,983,955 99,792,016 95,217,010
Total deferred inflows 122,354,376 106,291,546 104,983,955 99,792,016 95,217,010
FUND BALANCES
Nonspendable 2,257,746 2,212,414 9,302,914 12,550,163 10,865,289
Restricted 20,423,209 12,139,443 - - -
Assigned - - 9,899,196 15,891,696 8,731,775
Unassigned 137,442,727 101,934,113 70,040,066 51,372,150 36,507,205
Total fund balances 160,123,682 116,285,970 89,242,176 79,814,009 56,104,269
Total Liabilities and Fund Balances $310,663,083 $249,008,418 $217,962,404 $201,844,861 $169,733,457
(Source: The City’s Annual Comprehensive Financial Report for the indicated years. The summary above has not been audited.)
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SALT LAKE CITY CORPORATION, UTAH
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE — GENERAL FUND
(FISCAL YEARS ENDED JUNE 30)
Unaudited
Revenues And Expenditures 2022 2021 2020 2019 2018
Revenues:
General property tax $119,319,206 $113,495,125 $112,588,053 $104,938,706 $101,731,444
Sales, use and excise taxes 160,262,167 122,654,953 116,199,002 99,403,846 67,940,454
Franchise taxes 11,750,309 23,952,168 26,863,146 27,238,435 27,286,331
Licenses 15,913,519 11,418,021 13,106,709 16,448,180 15,592,788
Permits 27,400,103 25,004,393 19,490,500 20,417,302 15,015,980
Fines and forfeitures 1,920,006 1,837,591 2,567,145 3,316,215 3,457,569
Interest and investment income (loss) (5,764,384) 1,141,861 2,996,417 4,604,973 2,263,772
Intergovernmental 5,960,591 4,781,753 5,086,254 6,006,496 5,791,774
Interfund service charges 21,717,361 20,971,348 20,574,064 16,363,849 11,413,982
Parking meter collections 2,997,333 1,915,888 2,771,331 3,509,898 3,404,582
Parking tickets 1,797,865 1,701,881 1,186,561 1,824,561 2,110,245
Rental and other income 833,338 816,715 760,012 4,618,165 916,512
Charges for services 5,007,262 4,026,186 3,523,747 955,516 4,755,198
Miscellaneous 7,784,653 2,800,718 4,554,707 5,308,035 6,025,249
Total Revenues 376,899,329 336,518,601 332,267,648 314,954,177 267,705,880
Expenditures:
City Council 4,178,561 3,910,937 3,759,472 3,573,889 3,137,125
Mayor 4,158,916 3,495,653 3,862,232 3,121,458 2,856,010
City Attorney 7,195,428 6,840,902 6,788,279 6,643,806 5,896,933
Finance 8,519,579 7,872,632 7,827,573 7,596,941 6,758,236
Fire 45,657,909 40,360,501 42,336,507 42,266,968 39,165,845
Combined Emergency Services 8,819,337 7,557,911 7,953,949 8,066,766 7,377,133
Police 82,260,107 80,751,205 82,368,338 74,956,306 66,609,711
Community and Neighborhoods 21,508,923 23,616,595 23,407,408 22,291,042 21,409,611
Economic Development 2,652,403 2,243,608 1,985,238 1,689,398 1,650,691
Justice Court 4,642,516 4,340,743 4,428,065 4,389,467 4,276,010
Human Resources 3,153,725 2,576,008 2,663,132 2,614,565 2,524,603
Public Services 51,980,254 44,240,773 44,472,172 45,525,224 42,344,796
Nondepartmental 43,892,793 37,572,779 35,162,898 29,585,365 27,602,288
Debt Service:
Principal 513,205 - - - -
Interest and other fiscal charges 105,066 - - 675,866 583,117
Total Expenditures 289,238,722 265,380,247 267,015,263 252,997,061 232,192,109
Revenues Over (Under) Expenditures 87,660,607 71,138,354 65,252,385 61,957,116 35,513,771
Other Financing Sources (Uses):
Proceeds from sale of property 87,044 38,996 6,484 43,697 9,756
Transfers in 19,920,935 8,447,676 6,800,493 7,564,419 8,345,810
Transfers out (63,830,875) (52,581,232) (62,631,195) (45,855,553) (38,436,099)
Total Other Financing Sources (Uses) (43,822,896) (44,094,560) (55,824,218) (38,247,437) (30,080,533)
Net Change in Fund Balances 43,837,711 27,043,794 9,428,167 23,709,740 5,433,238
Fund Balance Prior Year (July 1) 116,285,971 89,242,176 79,814,009 56,104,269 50,670,995
Fund Balance Year End (June 30) $160,123,682 $116,285,970 $89,242,176 $79,814,009 $56,104,269
(Source: The City’s Annual Comprehensive Financial Report for the indicated years. This summary has not been audited.)
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HISTORICAL CITY TAX RATES
TAX RATE
PURPOSE 2022 2021 2020 2019 2018
General Purposes 0.002854 0.002942 0.003205 0.003236 0.003482
Interest & Sinking Fund 0.000556 0.000583 0.000648 0.000692 0.000772
Library 0.000652 0.000683 0.000745 0.000766 0.000834
Judgment Recovery 0.000014 0.000015 0.000025 0.000049 0.000032
Total Levy 0.004076 0.004223 0.004623 0.004743 0.005120
COMPARATIVE PROPERTY TAX RATES WITHIN SALT LAKE COUNTY
T AX R ATE
Tax Levying Entity 2022 2021 2020 2019 2018
Alta Town 0.000682 0.000760 0.001260 0.001292 0.001231
Bluffdale City 0.001161 0.001519 0.001695 0.001783 0.001442
Cottonwood Heights City 0.001442 0.001740 0.001898 0.002002 0.002088
Draper City 0.000927 0.001141 0.001227 0.001268 0.001352
Herriman City 0.000194 0.001997 0.000280 0.000287 0.000307
Holladay (City of) 0.001330 0.001605 0.001169 0.001235 0.001311
Midvale City 0.000870 0.000987 0.001043 0.001107 0.001166
Millcreek City 0.001453 0.001699 0.001841 0.001897 0.002012
Murray City 0.001855 0.002026 0.002128 0.002249 0.002383
Riverton City 0.000000 0.000000 0.000000 0.000000 0.000000
Salt Lake City 0.003158 0.003424 0.003540 0.003878 0.003977
Sandy City 0.000942 0.001174 0.001279 0.001337 0.001144
South Jordan City 0.001440 0.001628 0.001738 0.001802 0.001880
South Salt Lake City 0.002565 0.001536 0.001597 0.001715 0.001878
Taylorsville (City of) 0.000741 0.000825 0.000904 0.000943 0.001003
West Jordan City 0.001476 0.001788 0.001899 0.001999 0.002132
West Valley City 0.002800 0.002995 0.003263 0.003508 0.003706
____________________
(Source: Property Tax Division, Utah State Tax Commission.)
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TAXABLE AND FAIR MARKET VALUE OF PROPERTY
SALT LAKE CITY, UTAH
Excluding Fee-In-Lieu/Age Based Valuation
YEAR
TAXABLE
VALUE (1)
% CHANGE OVER
PRIOR YEAR
FAIR MARKET
VALUE (2)
% CHANGE OVER
PRIOR YEAR
2022 $ % $ %
2021 37,481,061,604 7.81 49,835,269,718 8.57
2020 34,767,046,397 10.24 45,901,481,982 10.62
2019 31,537,760,702 11.06 41,493,433,320 11.37
2018 28,398,218,663 10.65 37,255,665,617 10.16
Including Fee-In-Lieu/Age Based Valuation
YEAR
TAXABLE
VALUE (1)
% CHANGE OVER
PRIOR YEAR
FAIR MARKET
VALUE (2)
% CHANGE OVER
PRIOR YEAR
2022 $ % $ %
2021 37,760,823,363 7.84 51,115,031,477 10.75
2020 35,017,043,338 10.02 46,151,478,923 10.45
2019 31,827,671,801 10.91 41,783,344,419 11.26
2018 28,698,075,594 10.57 37,555,522,547 10.10
_________________________
(1) Source: Property Tax Division, Utah State Tax Commission.
(2) Estimated fair market value has been calculated by dividing the taxable value of primary residential property by
.55, which eliminates the 45% exemption on primary residential property granted under the Property Tax Act.
See “FINANCIAL INFORMATION REGARDING SALT LAKE CITY, UTAH — Property Tax Matters.”
See “FINANCIAL INFORMATION REGARDING SALT LAKE CITY, UTAH — Historical
Summaries of Taxable Values of Property.”
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HISTORICAL SUMMARIES OF TAXABLE VALUES OF PROPERTY
SALT LAKE CITY, UTAH
HISTORICAL SUMMARIES OF TAXABLE VALUES OF PROPERTY
TAX CALENDAR YEARS 2018 THROUGH 2022
2022 2021 2020 2019 2018
TAXABLE
VALUE
% OF
T.V.
TAXABLE
VALUE
TAXABLE
VALUE
TAXABLE
VALUE
TAXABLE
VALUE
Set by State Tax Commission—
Centrally Assessed
Total centrally assessed .......... $2,419,066,942 $2,175,533,785 $2,126,963,506 $1,903,990,023
Set by County Assessor—Locally
Assessed
Real property:
Primary residential ...................... 15,096,889,577 12,165,153,807 10,822,801,372 9,964,627,562
Secondary residential .................. 253,010,810 205,015,920 192,528,490 194,075,460
Commercial and industrial .......... 16,263,210,490 13,909,955,600 12,595,446,540 11,101,906,410
Unimproved Non-FAA-Vacant .. 2,662,640 2,252,380 4,792,980 1,984,120
Agricultural ................................. 179,140 80,200 86,410 119,640
Total real property ..................... 31,615,952,657 26,282,457,907 23,615,655,792 21,262,713,192
Personal property:
Primary mobile homes ................ 2,698,118 2,890,504 2,967,127 3,111,443
Secondary mobile homes ............ 6,997,215 7,231,515 9,102,863 6,013,731
Other business personal property 3,436,311,697 3,068,613,703 2,642,478,295 2,487,439,219
SCME (1) ...................................... 34,975 1,033,288 1,051,080 1,195,853
Total personal property ............. 3,446,042,005 3,079,769,010 2,655,599,365 2,497,760,246
Fee in lieu/age based property (2) ..... 279,761,759 289,911,099 299,856,931 289,127,895
Total locally assessed ................ 35,341,756,421 29,652,138,016 26,571,112,088 24,049,601,243
Total taxable value .................... $37,760,823,363 $31,827,671,801 $28,698,075,594 $25,953,591,266
Total taxable value (less
fee in lieu/age based property) .. $37,481,061,604 $31,537,760,702 $28,398,218,663 $25,664,436,461
_________________________
(1) Semiconductor Manufacturing Equipment.
(2) See “FINANCIAL INFORMATION REGARDING SALT LAKE CITY, UTAH — Property Tax Matters.”
(Source: Property Tax Division, Utah State Tax Commission.)
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TAX COLLECTION RECORD
FISCAL
YEAR
TOTAL TAX
LEVY FOR
COLLECTED WITHIN THE
FISCAL YEAR OF THE LEVY(1)
COLLECTION IN
SUBSEQUENT
TOTAL COLLECTIONS
TO DATE
ENDED
JUNE 30
FISCAL YEAR
($000)
AMOUNT
($000)
PERCENTAGE
OF LEVY
YEARS
($000)
AMOUNT
($000)
PERCENTAGE
OF LEVY
2022 $133,934,650 $126,400,272 94.37% $ - $126,400,272 94.37%
2021 124,271,831 121,629,772 97.87 1,816,667 123,446,439 99.34
2020 122,801,447 120,692,895 98.28 1,812,274 122,505,169 99.76
2019 113,989,191 111,401,720 97.73 2,465,707 113,867,427 99.89
2018 110,750,729 108,500,440 97.97 2,206,670 110,707,110 99.96
_________________________
(1) Payments are not considered delinquent until after November 30.
(Source: Salt Lake City Corporation Annual Comprehensive Financial Report for the year ended June 30, 2022.)
SOME OF THE LARGEST TAXPAYERS IN THE CITY
TAXPAYER TYPE OF BUSINESS
2021
TAXABLE
VALUE(1)
% OF THE CITY’S
2021 TAXABLE
VALUE
LDS Church (Property Reserve, City
Creek Reserve, Deseret Title)
Real Estate Holding
$1,281,589,549
3.06%
PacifiCorp Electric Utility 551,254,839 1.32
Delta Airlines Air Transportation 398,635,830 0.95
Oakmont Properties Real Estate Holding 246,459,636 0.59
Wasatch Plaza Holdings LLC Real Estate Holding 241,324,100 0.58
Questar Gas Natural Gas 219,370,696 0.52
Skywest Airlines Air Transportation 214,271,175 0.51
MPLD Husky LLC Machining, Fabrication 210,682,000 0.50
KBSIII, LLC Real Estate Holding 209,208,200 0.50
Verizon Communications Inc. Communication 172,784,768 0.41
$3,745,580,793
_________________________
(1) Taxable Value used in this table excludes all tax equivalent property associated with motor vehicles, watercraft, recreational
vehicles, and all other tangible personal property required to be registered with the State. See “FINANCIAL INFORMATION
REGARDING SALT LAKE CITY, UTAH — Taxable and Fair Market Value of Property.”
(Source: Salt Lake City Corporation Annual Comprehensive Financial Report for the year ended June 30, 2022.)
RECENT DEVELOPMENTS {To be updated by the City.}
General. Fiscal year 2022 general fund expenses are expected to end very close to budget.
Overall revenue for fiscal year 2022 is projected to be $31.0 million over budget. Permit and
license revenue is expected to be higher than budgeted due to increases in construction related to
permitting and a rebound of travel related taxes such as innkeepers and Airport parking. Total
sales tax revenues are approximately $25.4 million over budget due to robust retail spending,
specifically in online sales. Fund balance for the end of fiscal year 2021 was $68.7 million or
20.44% of total revenues for the year. The City Council and administration have an internal goal
to keep the fund balance above 14% of total revenue for each fiscal year. In fiscal year 2020 the
total fund balance was $64.5 million (19.13%). Fiscal year 2022 budget grew by approximately
43.7%, an increase of $534.7 million as compared to the previous year. Major general fund
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expense increases were $23.6 million mostly associated with salary and benefit cost increases,
49.85 new positions at a budgeted cost of $4.6 million.
COVID-19. The City has also received $7,987,257 in Rental Assistance and $42,705,786
(first 50% installment) from The American Rescue Plan.
INVESTMENT CONSIDERATIONS
CLIMATE CHANGE
Climate change caused by human activities may have adverse effects on the City. As
greenhouse gas emissions continue to accumulate in the atmosphere as a result of economic
activity, climate change is expected to intensify, increasing the frequency, severity and timing of
extreme weather events such as coastal storm surges, drought, wildfires, floods and heat waves,
and rising sea levels. The future fiscal impact of climate change on the City is difficult to predict,
but it could be significant and it could have a material adverse effect on the City’s finances by
requiring greater expenditures to counteract the effects of climate change or by changing the
business and activities of City residents. The City considers the potential effects of climate change
in its planning.
CYBERSECURITY
The risk of cyberattacks against commercial enterprises, including those operated for a
governmental purpose, has become more prevalent in recent years. At least one of the rating
agencies factors the risk of such an attack into its ratings analysis, recognizing that a cyberattack
could affect liquidity, public policy and constituent confidence, and ultimately credit quality. A
cyberattack could cause the informational systems of the City to be compromised and could limit
operational capacity, for short or extended lengths of time and could bring about the release of
sensitive and private information. Additionally, other potential negative consequences include
data loss or compromise, diversion of resources to prevent future incidences and reputational
damage. To date, the City has not been the subject of a successful cyberattack. The City believes
it has made all reasonable efforts to ensure that any such attack is not successful and that the
information systems of the City are secure. However, there can be no assurance that a cyberattack
will not occur in a manner resulting in damage to the City’s information systems or other
challenges. The City has insurance coverage for cyber liability. See “FINANCIAL INFORMATION
REGARDING SALT LAKE CITY, UTAH–Insurance Coverage” herein.
TAX TREATMENT
FEDERAL INCOME TAXATION
Interest on the Bonds is includible in gross income for federal income purposes. Ownership
of the Bonds may result in other federal income tax consequences to certain taxpayers.
Bondholders should consult their tax advisors with respect to the inclusion of interest on the Bonds
in gross income for federal income tax purposes and any collateral tax consequences.
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The City may deposit moneys or securities in escrow in such amount and manner as to
cause the Bonds to be deemed to be no longer outstanding for purposes of calculating outstanding
debt under State law (a “defeasance”). A defeasance of the Bonds may be treated as an exchange
of the Bonds by the holders thereof and may therefore result in gain or loss to the holders. Bond
holders should consult their own tax advisors about the consequences if any of such a defeasance.
The City is required to provide notice of defeasance of the Bonds as a material event under its
Continuing Disclosure Agreement.
UTAH INCOME TAXATION
In the opinion of Bond Counsel, under the existing laws of the State of Utah, as presently
enacted and construed, interest on the Bonds is exempt from taxes imposed by the Utah Individual
Income Tax Act. Bond Counsel expresses no opinion with respect to any other taxes imposed by
the State or any political subdivision thereof. Ownership of the Bonds may result in other state
and local tax consequences to certain taxpayers. Bond Counsel expresses no opinion regarding
any such collateral consequences arising with respect to the Bonds. Prospective purchasers of the
Bonds should consult their tax advisors regarding the applicability of any such state and local
taxes.
LITIGATION
The City Attorney reports the following matters involving potential financial liability of
the City:
Lawsuits are periodically filed against the City and/or its employees, involving tort and
civil rights matters. The City has a statutory obligation to defend and indemnify its officers and
employees in relation to lawsuits arising from acts or failures to act of the officers or employees
while in the scope and course of employment.
The City maintains a governmental immunity fund for claims against the City. In the event
the fund is not sufficient to pay any outstanding judgment or judgments, the City has the ability
under State law to levy a limited ad valorem tax to pay such judgments. This tax levy is separate
and apart from the other taxing powers of the City.
The City also has contract claims, condemnation proceedings and environmental matters,
none of which is expected to materially adversely affect the City’s financial condition.
CONTINUING DISCLOSURE
The City will enter into a Continuing Disclosure Agreement (the “Agreement”), in
substantially the form attached hereto as APPENDIX B, for the benefit of the beneficial owners of
the Bonds to send certain information annually and to provide notice of certain events to the
Municipal Securities Rulemaking Board pursuant to the requirements of Section (b)(5) of
Rule 15c2-12 (the “Rule”) adopted by the Securities and Exchange Commission (the
“Commission”) under the Securities Exchange Act of 1934.
- 41 -
The City has entered into a number of continuing disclosure undertakings pursuant to the
Rule with respect to the bonds it has issued and has contracted with a number of dissemination
agents to file annual information and notices of certain events on behalf of the City. In the previous
five years the City provided its annual financial information and audited financial statements to
the applicable dissemination agent in advance of the deadline specified in the applicable continuing
disclosure undertaking. Dissemination agents for certain of the City’s bonds filed such information
late; however, the information was filed within 10 days of the deadline.
Additionally, with respect to certain water and sewer bonds, during the previous five years
the City filed the audited financial statements of the City’s utilities system, but did not include the
audited financial statements of the City. Corrective filings have been made and the City has taken
steps to ensure that in the future the City’s audited financial statements will be filed for such water
and sewer revenue bonds as required. At the time of the initial corrective filings the City
determined that such filings were immaterial with respect to certain maturities of the water and
sewer revenue bonds that had already matured, and corrective filing were not made for such
maturities. In connection with a prior purchase of certain of the City’s general obligation bonds,
the purchaser requested that corrective filings be made for such previously matured water and
sewer revenue bonds. The City complied with such request despite having determined that such
filings were not material.
The City has an ongoing program of financing its fleet vehicles through capital leases. In
continuation of that program, following the expiration of a master lease agreement, on August 2,
2021, the City entered into a new Municipal Master Lease Agreement (the “Master Lease”) to
finance the City vehicles for the next five (5) years. The City recently determined that, although
the Master Lease was a continuation of the City’s longstanding vehicle financing program, notice
of the Master Lease should have been posted on EMMA as a material financial obligation for
certain of its bonds. Subsequent to such determination, notice of the Master Lease was posted on
EMMA.
The City has adopted continuing disclosure policies and procedures to help ensure
compliance with its continuing disclosure undertakings.
A failure by the City to comply with the Agreement will not constitute a default under the
Resolution and beneficial owners of the Bonds are limited to the remedies described in the
Agreement. A failure by the City to comply with the Agreement must be reported in accordance
with the Rule and must be considered by any broker, dealer or municipal securities dealer before
recommending the purchase or sale of the Bonds in the secondary market. Consequently, such a
failure may adversely affect the transferability and liquidity of the Bonds and their market price.
See “FORM OF CONTINUING DISCLOSURE AGREEMENT” attached hereto as APPENDIX B for the
information to be provided, the events which will be noticed on an occurrence basis and the other
terms of the Agreement, including termination, amendment and remedies.
APPROVAL OF LEGAL PROCEEDINGS
The authorization and issuance of the Bonds are subject to the approval of Chapman and
Cutler LLP, Bond Counsel to the City. Certain legal matters will be passed upon for the City by
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the City Attorney and by Chapman and Cutler LLP, as the City’s Disclosure Counsel. The
approving opinion of Bond Counsel will be delivered with the Bonds in substantially the form set
forth in APPENDIX C of this Official Statement and will be made available upon request from the
contact persons as indicated under “INTRODUCTION — Contact Persons.”
The various legal opinions to be delivered concurrently with the delivery of the Bonds
express the professional judgment of the attorneys rendering the opinions as to the legal issues
explicitly addressed therein. By rendering a legal opinion, the opinion giver does not become an
insurer or guarantor of that expression of professional judgment, of the transaction opined upon,
or of the future performance of parties to the transaction. Nor does the rendering of an opinion
guarantee the outcome of any legal dispute that may arise out of the transaction.
BOND RATINGS
As of the date of this Official Statement, the Bonds have been rated “____” and “____” by
Fitch Ratings, Inc. and by Moody’s Investors Service, Inc., respectively.
Any explanation of the significance of the ratings may only be obtained from the rating
service furnishing the same. There is no assurance that the ratings given will be maintained for
any period of time or that the ratings will not be revised downward or withdrawn entirely by the
rating agency if, in its judgment, circumstances so warrant. Any such downward revision or
withdrawal of such ratings may have an adverse effect on the market price of the Bonds.
MUNICIPAL ADVISOR
The City has entered into an agreement with Stifel, Nicolaus & Company, Incorporated
(the “Municipal Advisor”), whereunder the Municipal Advisor provides financial
recommendations and guidance to the City with respect to preparation for sale of the Bonds, timing
of the sale, tax-exempt bond market conditions, costs of issuance and other factors related to the
sale of the Bonds. The Municipal Advisor has participated in the preparation of and provided
information for certain portions of the Official Statement, but has not audited, authenticated or
otherwise verified the information set forth in the Official Statement, or any other related
information available to the City, with respect to accuracy and completeness of disclosure of such
information, and the Municipal Advisor makes no guaranty, warranty or other representation
respecting accuracy and completeness of the Official Statement or any other matter related to the
Official Statement.
INDEPENDENT AUDITORS
The basic financial statements of Salt Lake City Corporation as of and for the Year Ended
June 30, 2022 included in APPENDIX A to this Official Statement, have been audited by Eide Bailly
LLP, independent auditors, as stated in their report appearing herein.
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MISCELLANEOUS
All quotations contained herein from and summaries and explanations of the State
Constitution, statutes, programs and laws of the State, court decisions and the Resolution, do not
purport to be complete, and reference is made to the State Constitution, statutes, programs, laws,
court decisions and the Resolution for full and complete statements of their respective provisions.
Any statements in this Official Statement involving matters of opinion, whether or not
expressly so stated, are intended as such and not as representation of fact.
The appendices attached hereto are an integral part of this Official Statement and should
be read in conjunction with the foregoing material.
This Preliminary Official Statement is in form deemed final for purposes of paragraph
(b)(1) of Rule 15c2-12 of the Securities and Exchange Commission.
This Official Statement and its distribution and use have been duly authorized by the City.
SALT LAKE CITY, UTAH
A-1
APPENDIX A
SALT LAKE CITY CORPORATION FINANCIAL STATEMENTS
FOR THE FISCAL YEAR ENDED JUNE 30, 2022
B-1
APPENDIX B
FORM OF CONTINUING DISCLOSURE AGREEMENT
C-1
APPENDIX C
PROPOSED FORM OF OPINION OF BOND COUNSEL
Draft
5/11/23
Certificate of Determination v3
8711038/RDB/mo
CERTIFICATE OF DETERMINATION
PURSUANT TO
RESOLUTION AUTHORIZING THE ISSUANCE AND SALE OF
FEDERALLY TAXABLE GENERAL OBLIGATION BONDS, SERIES 2023
DATED: __________, 2023
1. Authority; Definitions. Pursuant to Resolution No. __ of 2023 Authorizing the
Issuance and Sale of up to $25,500,000 Federally Taxable General Obligation Bonds, Series 2023,
adopted by the City Council of Salt Lake City, Utah (the “Issuer”), on June 13, 2023 (the
“Resolution”), the Issuer has authorized the issuance of its Federally Taxable General Obligation
Bonds, Series 2023 (the “Bonds”). This certificate is executed pursuant to and in accordance with
the delegation of authority contained in the Resolution, as authorized by law. All terms used herein
and not otherwise defined herein shall have the meanings specified in the Resolution.
2. Acceptance of Bid. The bid of ____________________, __________, __________
(the “Purchaser”), conforms to the parameters, deadlines and procedures set forth in the notice of
sale prepared in connection with the advertisement for sale of the Bonds and is the best bid received
for the purchase of the Bonds, resulting in the sale of the Bonds at the lowest obtainable interest
rate (a copy of the bid, together with a list of bids received for the Bonds, is attached hereto as
Exhibit A). The bid of the Purchaser for the purchase of the Bonds, which is set out in full in
Exhibit A hereto, is hereby accepted, it being hereby found, determined and declared that the Bonds
bear interest at the lowest obtainable interest rate. The Bonds shall be issued by the Issuer for the
purpose set forth in the Resolution. The sale of the Bonds to the Purchaser at the price of
$__________ (representing the par amount of the Bonds, plus $__________ net original issue
premium and less $__________ Purchaser’s discount) is hereby confirmed. The Bonds shall be
delivered to the Purchaser and the proceeds of sale thereof applied as provided in the Resolution
and as set forth below.
3. Aggregate Principal Amount and Maturity of Bonds. The Bonds shall be issued for
the purpose specified in Section 202 of the Resolution in the aggregate principal amount of
$__________. The Bonds shall mature on the dates and in the principal amounts, and shall bear
interest payable semiannually on June 15 and December 15, commencing December 15, 2023 at
the respective rates per annum, shown below:
- 2 - Certificate of Determination
JUNE 15
AMOUNT
MATURING
INTEREST
RATE
4. Use of Proceeds and Legally Available Funds of the Issuer. All of the proceeds of
the sale of the Bonds shall be deposited in the Project Account established pursuant to the
Resolution.
5. Authorized Denominations. The Bonds shall be issued in the Authorized
Denomination of $5,000 or any whole multiple thereof.
6. Redemption Provisions. The Bonds maturing on or after June 15, 20__, shall be
subject to redemption prior to maturity, at the election of the Issuer, on __________ 15, 20__ (the
“First Redemption Date”), and on any date thereafter, in whole or in part, from such maturities or
parts thereof as shall be selected by the Issuer, upon notice given as provided in the Resolution, at
a redemption price equal to 100% of the principal amount of the Bonds to be redeemed plus
accrued interest thereon to the date fixed for redemption. Bonds maturing on or prior to the First
Redemption Date shall not be subject to optional redemption.
7. Book-Entry Bonds. The Bonds shall be initially issued as Book-Entry Bonds.
(Signature page follows.)
- 3 - Certificate of Determination
IN WITNESS WHEREOF, I have hereunto set my hand as of the day and year first above
written.
By ____________________________________
Mayor
By ____________________________________
Vice Chair,
Salt Lake City Council
APPROVED AS TO FORM:
By ____________________________________
Senior City Attorney
Exhibit A Certificate of Determination
EXHIBIT A
Copies of Winning Bid and List of Bids Received for the Bonds
Draft
5/11/23
Dissemination Agency Agreement v3
8711038/RDB/mo
DISSEMINATION AGENCY AGREEMENT
with respect to the
CONTINUING DISCLOSURE UNDERTAKING
OF SALT LAKE CITY, UTAH
(as an “Obligated Person”)
for the purpose of providing
continuing disclosure information
under Section (b)(5) of Rule 15c2-12
DATED: __________, 2023
This Dissemination Agency Agreement (the “Agency Agreement”) is executed and
delivered by Salt Lake City, Utah (the “Issuer”), and U.S. Bank Trust Company, National
Association (the “Dissemination Agent”) in connection with the issuance of $__________
Federally Taxable General Obligation Bonds, Series 2023 (the “Bonds”). The Bonds are being
issued pursuant to Resolution No. __ of 2023, Authorizing the Issuance and Sale of the the Bonds,
adopted by the City Council of the City on June 13, 2023, including as a part of such resolution
that certain Certificate of Determination, dated __________, 2023 (collectively, the
“Resolution”).
Simultaneously with the execution and delivery of this Agency Agreement, the Issuer has
executed and delivered its Continuing Disclosure Agreement dated as of the date hereof (as it may
be amended from time to time, the “Undertaking”), a copy of which is attached hereto as Exhibit I.
The Issuer and the Dissemination Agent covenant and agree as follows:
SECTION 1. PURPOSE OF THIS AGREEMENT. This Agency Agreement is executed and
delivered by the Issuer and the Dissemination Agent as of the date hereof in order to assist the
Issuer in complying with the filing requirements contained in the Undertaking.
SECTION 2. DEFINITIONS. The terms set forth below shall have the following meanings
in this Agency Agreement, unless the context clearly otherwise requires.
“Annual Financial Information” means the financial information and operating data
described in Exhibit I to the Undertaking.
“Annual Financial Information Disclosure” means the dissemination of disclosure
concerning Annual Financial Information and the dissemination of the Audited Financial
Statements as set forth in Section 4.
“Audited Financial Statements” means the audited financial statements of the Issuer
prepared pursuant to the standards and as described in Exhibit I to the Undertaking.
“Authorized Issuer Official” means the Mayor, the Chief of Staff, the City Recorder, any
Deputy City Recorder, the City Treasurer or the Deputy Treasurer of the City.