Motion Sheet - 7/4/2021 (2)REDEVELOPMENT AGENCY OF SALT LAKE CITY
RESOLUTION NO__________
(Adopting the Annual Budget for the Redevelopment Agency of Salt Lake City, Utah
for Fiscal Year 2021-2022)
A Resolution of the Board of Directors of the Redevelopment Agency of Salt Lake City,
Utah Adopting the Annual Budget for the Remainder of the Fiscal Year Beginning July 1, 2021
and Ending June 30, 2022.
WHEREAS, the Redevelopment Agency of Salt Lake City (“Agency”) was created to
transact the business and exercise the powers provided for in the Utah Community Reinvestment
Agency Act; and
WHEREAS, the Agency has determined it is both necessary and desirable to adopt the
2021-2022 Annual Budget; and
WHEREAS, the Board of Directors of the Agency (“Board”) has determined that the
public improvements to be carried out with tax increment in each of the project areas will be of
benefit to the project area which generated the tax increment; and
WHEREAS, on May 18, 2021 the Board of Directors adopted the tentative budget by
Resolution ________ of 2021 (“Tentative Budget”); and
WHEREAS, the Tentative Budget adopted by the Board and all supporting schedules and
data was a public record in the office of the Salt Lake City Recorder, available for public
inspection for a period of at least ten days before the adoption of the final budget; and
WHEREAS, the Agency caused a copy of the proposed 2021-2022 Annual Budget to be
available for public inspection at least seven days before the hearing a) in at least one issue of a
newspaper of general circulation published in Salt Lake County, Utah, b) on the Utah Public
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Notice Website created in Utah Code Section 63F-1-701, and c) on the City’s publicly viewable
Website; and
WHEREAS, at its , 2021, and , 2021 meetings, the Board held
public hearing on the Tentatively Budget, at which hearing all interested persons in attendance or
connected remotely were given an opportunity to be heard on the estimates of revenues and
expenditures or any item in the Tentative Budget.
NOW, THEREFORE, be it resolved by the Board of Directors of the Redevelopment
Agency of Salt Lake City, that the previously adopted Tentative Budget, as modified by the
“Key Changes” attached and made a part of this Resolution, is adopted as the Budget of the
Redevelopment Agency of Salt Lake City for the fiscal year commencing on July 1, 2021 and
ending June 30, 2022.
BE IT FURTHER RESOLVED, that the following budget contingencies are hereby
adopted with the Agency's 2021/2022 Annual Budget:
A. (Contingencies TBD)
B. A copy of said final budget shall be certified and filed in the office of the City Recorder
whose permanent office is located at 451 South State Street, Room 415, Salt Lake City, UT
84111 but which office is temporarily located at 349 South 200 East, Salt Lake City, UT
84111. Said final budget shall be available to the public for inspection during regular
business hours.
C. A copy of said final budget shall be certified and filed with the Salt Lake County Auditor, the
State Tax Commission, the State Auditor, the State Board of Education, and each taxing
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entity from which the Agency receives project area funds as required by Utah Code Section
17C-1-601.5(6) within 90 days after its adoption.
D. This Resolution shall take effect immediately upon its approval and adoption.
Passed by the Board of Directors of the Redevelopment Agency of Salt Lake City, this
____ day of , 2021.
________________________________
Ana Valdemoros, Chair
Approved as to form: __________________________________
Salt Lake City Attorney’s Office
Allison Parks
April 30, 2021
The Executive Director:
____ does not request reconsideration
____ requests reconsideration at the next regular Agency meeting.
_________________________________
Erin Mendenhall, Executive Director
Attest:
_________________________
City Recorder