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020 of 1991 - Special Improvement District - Curb and GutterBD17695 (PF) Salt Lake City, Utah April 2, 1991 The City Council of Salt Lake City, Salt Lake County, Utah met in regular session on Tuesday, the 2nd day of April, 1991, at its regular meeting place. The following members of the City Council were present: Thomas M. Godfrey Nancy Pace Roselyn N. Kirk Alan Hardman Don C. Hale Ronald Whitehead Also present: Chair Vice Chair Councilmember Councilmember Councilmember Councilmember Palmer A. DePaulis Mayor Roger F. Cutler City Attorney S. R. Kivett Chief Deputy City Recorder Absent: L. Wayne Horrocks Councilmember After the meeting had been duly called to order and after other matters not pertinent to this resolution had been discussed, the City Recorder presented to the City Council a Certificate of Compliance With Open Meeting Law with respect to this April 2, 1991 meeting, a copy of which is attached hereto as Exhibit "A". The City Council has considered the Findings and Recommendation of the Board of Equalization and Review for the special improvement district known as Salt Lake City, Utah Curb and Gutter Extension Special Improvement District No. 38- 758 and has reviewed minutes of the hearings of that Board. Having examined the assessment roll as equalized, the City Council has determined to approve the equalized assessment roll and levy assessments as set out therein. The following assessment ordinance was then introduced in writing, was fully discussed, and pursuant to motion duly made by Councilmember Hale and seconded by Councilmember Kirk, adopted by the following vote: YEA: Thomas M. Godfrey Nancy Pace Roselyn N. Kirk Alan Hardman Don C. Hale Ronald Whitehead NAY: None The ordinance was then signed by the Chairperson, presented to and approved by the Mayor and recorded by the City Recorder in the official records of Salt Lake City, Utah. The ordinance is as follows: BD17687 (PF) 2 0 91 -1 Q 89-9 ORDINANCE NO. 20 of 1991 AN ORDINANCE CONFIRMING THE ASSESSMENT ROLLS AND LEVYING AN ASSESSMENT AGAINST CERTAIN PROPERTIES IN THE SPECIAL IMPROVEMENT DISTRICT KNOWN AS SALT LAKE CITY, UTAH CURB AND GUTTER EXTENSION SPECIAL IMPROVEMENT DISTRICT NO. 38-758, FOR THE PURPOSE OF PAYING THE COSTS OF CONSTRUCTION OF CURB AND GUTTERS, SIDEWALKS, ASPHALT PAVEMENT AND DRIVEWAYS AND ALL OTHER MISCELLANEOUS WORK NECESSARY TO COMPLETE THE IMPROVEMENTS; REAFFIRMING THE ESTABLISHMENT AND PROVIDING FOR THE FUNDING OF A SPECIAL IMPROVEMENT GUARANTY FUND; ESTABLISHING THE EFFECTIVE DATE OF THIS ORDINANCE; AND RELATED MATTERS. BE IT ORDAINED BY THE CITY COUNCIL OF SALT LAKE CITY, SALT LAKE COUNTY, UTAH: Section 1. Determination of Costs. All costs and expenses for the making of the improvements within the District have been determined, the property price for all property to be acquired to make the improvements has been finally determined and the reasonable cost of any work to be done has been determined. Section 2. Approval of Assessment List; Findings. The City Council (the "Council") of Salt Lake City, Salt Lake County, Utah (the "City") hereby accepts and adopts the Findings and Recommendation of the Board of Equalization and Review. The Council confirms and adopts the equalized assessment roll for Salt Lake City, Utah Curb and Gutter Extension Special Improvement District No. 38-758 (the "District") , a copy of which is attached hereto as Exhibit "B" and incorporated herein by reference (the "Assessment List"). The Council has determined that the Assessment List, as equalized by the Board of Equalization for the District, is just and equitable; that each piece of property to be assessed within the District will be benefited in an amount not less than the assessment to be levied against said property; and that no piece of property listed in the assessment list will bear more than its proportionate share of the cost of such improvements. Section 3. Levy of Assessments. The Council hereby levies a tax as an assessment upon the real property identified in the Assessment List. The assessments levied upon each parcel of property therein described shall be in the amount set forth in the Assessment List. 11I117587 (rE) 3 The assessments hereby levied are for the purpose of paying the costs of construction of curb and gutters, sidewalks, asphalt pavement and driveways and all other miscellaneous work necessary to complete the improvements in a proper and workmanlike manner. Said improvements are more particularly described in the Assessment List. The assessments are hereby levied and assessed upon each of the parcels of real property described in the Assessment List according to the extent that they are specially benefited by the improvements acquired or constructed within the District. The assessments are levied upon the parcels of land in the District at equal and uniform rates. Section 4. Cost of Improvements; Amount of Total Assessments. The total cost of the improvements in the District is $1,619,036.00, including allowable related expenses. Of this total cost, the City's portion is $1,336,849.81. The City's portion for the District includes that part of the overhead costs for which an assessment cannot be levied, if any, and the cost of making improvements for the benefit of property against which an assessment may not be levied, if any. The amount to be assessed against property affected or benefited by the improvements in the District is $282,186.19. This amount does not exceed in the aggregate the sum of: (a) the total contract price or prices for the improvements under contract duly let to the lowest and best responsible bidder therefor and a portion of the costs of engineering, designing and inspection; (b) the reasonable cost of utility services, maintenance, labor, materials or equipment supplied by the City, if any; (c) the property price, if any; (d) connection fees, if any; (e) the interest on any interim warrants issued against the District; and (f) overhead costs not to exceed fifteen percent (15%) of the sum of (a), (b), (c) and (d). Section 5. Method and Rate. The total assessment for the District is levied in accordance with the method set out in the Notice of Intention pertaining to the District. The applicable rate for each property was determined based on costs as set out in the preceding Section. Section 6. Payment of Assessments. The whole or any part of the assessments for the District may be paid without interest within fifteen (15) days after this Ordinance becomes effective. Any part of the assessment not paid within such fifteen- (15) day period shall be payable over a period of ten (10) years from the effective date of this Ordinance in ten (10) substantially equal annual principal and interest installments. Interest on the unpaid balance of the BD]75A7 (FP 4 assessment shall accrue at the same rate as the net effective interest rate of the special assessment bonds anticipated to be issued by the City. The first assessment payment date shall be on or about October 12, 1991. The remaining annual assessment payment dates shall be the anniversary dates of the first assessment payment date. Interest shall accrue from the effective date of this Ordinance. Each assessment installment shall include one year's interest. After the above -referenced fifteen- (15) day period, all unpaid installments of an assessment levied against any piece of property may be paid prior to the dates on which they become due, but any such prepayment must include an additional amount equal to the interest which would accrue on the assessment to the next succeeding date on which interest is payable on any special assessment bonds issued in anticipation of the collection of the assessments plus such additional amount as, in the opinion of the City Treasurer, is necessary to assure the availability of money to pay interest on the special assessment bonds as interest becomes due and payable plus any premiums which may be charged and become payable on redeemable bonds which may be called in order to utilize the assessments paid in advance. Section 7. Deferral of Assessment Taxes. Assessments shall be in accordance to the benefits and improvements received; however, when the owner of a residence abutting the required improvements shall have a combined family income at or below the very low income level guidelines established by the Department of Housing and Urban Development in its "Income Limits for Housing and Community Developments, Section 8 Program for Salt Lake City and Ogden, Utah SMSA," as amended from time to time, the property may be eligible for a low income deferment. Such owner must file an application therefor with the City in order for the payments required to be deferred. To be eligible for a low income deferment, the property must be residential and owner occupied. New application for deferment of annual installments will be accepted throughout the entire life of the District from prior to the Board of Equalization hearings through the expiration date. The property owners will be required to submit documentation of their income to the City for an evaluation for a deferment. Initially, completed applications will be reviewed by the Redevelopment Agency to verify eligibility. The deferment agreements will be reviewed on a regular basis to verify property ownership, and the current economic status of the owner. If and when the deferment requirements ED17687 (FF) 5 are not longer met, the then current owner will be notified that the deferment agreement must be satisfied within 30 days or the deferment status will be void and all delinquent interest and charges will be imposed. Section S. Default in Payment. If a default occurs in the payment of any installment of principal or interest, when due, the City may accelerate payment of the total unpaid balance of the assessment and declare the whole of the unpaid principal and interest then due to be immediately due and payable. Additional interest shall accrue and be paid on all amounts declared to be delinquent or accelerated and immediately due and payable at the same rate as is applied to delinquent real property taxes for the year in which the assessment installment becomes delinquent (the "Delinquent Rate"). In addition to interest charges at the Delinquent Rate, costs of collection, including attorneys fees and court costs ("Collection Costs"), as determined by the City Treasurer or required by law shall be charged and paid on all amounts declared to be delinquent or accelerated and immediately due and payable. In lieu of accelerating the total assessment balance when one or more assessment installments become delinquent, the City may elect to bring an action to collect only the delinquent portion of the assessment plus interest at the Delinquent Rate and Collection Costs. Upon any default, the City Treasurer shall give notice, in writing, of the default to the owner of the property in default, as shown by the last available equalized assessment rolls. Notice shall be effective upon deposit of the notice in the U.S. Mail, postage prepaid, and addressed to the owner as shown on the last equalized assessment rolls for the City or on the official ownership records of the City. The notice shall provide for a period of thirty (30) days in which the owner shall pay the installments then due and owing together with accrued interest at the regular rate plus costs as determined by the City Treasurer. If the City elects to use the enforcement remedy involving acceleration, the Notice shall also declare that after the thirty (30) day period the City shall accelerate the then unpaid balance of the principal of the assessment to be immediately due and payable together with Collection Costs and interest on the entire unpaid balance to accrue from the date of delinquency at the Delinquent Rate. Thereafter, the City may commence foreclosure proceedings in the manner provided for actions to foreclose mortgage liens or trust deeds. If the City elects to utilize the trust deed enforcement remedy, the City Attorney shall designate a trust deed trustee for purposes of the enforcement action. If at the sale no person or entity 6 shall bid and pay the City the amount due on the assessment plus interest and costs, the property shall be deemed sold to the City for these amounts. The City shall be permitted to bid at the sale. The remedies provided herein for the collection of assessments and the enforcement of liens shall be deemed and construed to be cumulative and the use of any one method or means of collection or enforcement shall not deprive the City of the use of any other method or means. The amounts of accrued interest and all costs of collection shall be added to the amount of the assessment up to the date of foreclosure sale. Section 9. Remedy of Default. If prior to the final date payment may be legally made under a final sale or foreclosure of property to collect delinquent assessment installments, the property owner pays the full amount of all unpaid installments which are past due and delinquent with interest at the Delinquent Rate, plus all approved or required costs, the assessment of said owner shall be restored so that the owner will have the right to make the payments in installments as if the default had not occurred. Section 10. Lien of Assessment. An assessment or any part or installment of it, any interest accruing and the penalties and costs of collection shall constitute a lien against the property upon which the assessment is levied on the effective date of this Ordinance. Said lien shall be superior to the lien of any trust deed, mortgage, mechanic's or materialman's lien or other encumbrance and shall be equal to and on a parity with the lien for general property taxes. The lien shall continue until the assessment and any interest, penalties and costs on it are paid, notwithstanding any sale of the property for or on account of a delinquent general property tax, special tax or other assessment or the issuance of a tax deed, an assignment of interest by the governing entity or a sheriff's certificate of sale or deed. Section 11. Special Improvement Guaranty Fund. The City does hereby reaffirm the creation of a special improvement guaranty fund (the "Guaranty Fund") and shall annually, so long as any special assessment bonds of the City remain outstanding, transfer to said fund each year such amount as shall equal the amount that a tax levy on all taxable property located within the City at the rate of .0002 will produce, either through a levy of a tax of not to exceed .0002 in any one year or by the issuance of general obligation bonds or by appropriation from other available sources. The Guaranty Fund shall include an allocation of ten percent (10%) 111)17687 (FF) 7 of the outstanding Bonds of this District, but the entire available balance in the Guaranty Fund shall be for the purpose of guaranteeing to the extent of such fund the payment of special assessment bonds and interest thereon issued against local improvement districts for the payment of local improvements therein, all in the manner and to the extent provided by the laws of the State of Utah. When the Guaranty Fund has a balance equal to ten percent (10%) of the Outstanding Bonds of this District plus an allocation as required by the assessment ordinance for each of the other City special improvement districts with bonds outstanding, the funding requirement will be deemed to have been met and future funding or transfers will not be required unless the balance drops below the aggregate allocation level. Section 12. Contestability. No assessment shall be declared void or set aside in whole or in part in consequence of any error or irregularity which does not go to the equity or justice of the assessment or proceeding. Any party who has not waived his objections to same as provided by statute may commence a civil action against the City to enjoin the levy or collection of the assessment or to set aside and declare unlawful this Ordinance. Such action must be commenced and summons must be served on the City not later than 30 days after the effective date of this Ordinance. This action shall be the exclusive remedy of any aggrieved party. No court shall entertain any complaint which the party was authorized to make by statute but did not timely make or any complaint that does not go to the equity or justice of the assessment or proceeding. After the expiration of the 30-day period provided in this section: (a) The special assessment bonds issued or to be issued against the District and the assessments levied in the District shall become incontestable as to all persons who have not commenced the action provided for in this section; and (b) No suit to enjoin the issuance or payment of the bonds, the levy, collection or enforcement of the assessment, or in any other manner attacking or questioning the legality of the bonds or assessments may be instituted in this state, and no court shall have authority to inquire into these matters. Section 13. Notice to Property Owners. The City Treasurer is hereby authorized and directed to give notice of Bfl17 7 (PF) 8 assessment by mail to the property owners in the District. Said notice shall, among other things, state the amount of the assessment and the terms of payment. A copy of the form of notice of assessment is available for examination upon request at the office of the City Recorder. Section 14. All Necessary Action Approved. The officials of the City are hereby authorized and directed to take all action necessary and appropriate to effectuate the provisions of this Ordinance. Section 15. Repeal of Conflicting Provisions. All ordinances or parts thereof in conflict with this Ordinance are hereby repealed. Section 16. Publication of Ordinances. An emergency is hereby declared, the preservation of peace, health and safety of the City and the inhabitants thereof so requiring. Immediately after its adoption, this Ordinance shall be signed by the Mayor and City Recorder and shall be recorded in the ordinance book kept for that purpose. This Ordinance shall be published once in the Deseret News, a newspaper published and having general circulation in the City, and shall take effect immediately upon its passage and approval and publication as required by law. PASSED AND APPROVED by the City Council of Salt Lake City, Utah this 2nd day of April, 1991. ATTEST: LSI Kathryn Marshall City Recorder ( S E A L ) /S/ Thomas M. Godfrey Chair Sn176R7 (Fr) 9 The City Treasurer was thereupon authorized to mail to the property owners in the District the foregoing notice of special assessment as hereinbefore provided. After the transaction of other business not pertinent to the foregoing matter, the meeting was on motion duly made, seconded and carried, adjourned. ( S E A L ) E1,175$17 crFI 10 PRESENTATION TO THE MAYOR The foregoing ordinance was presented to the Mayor for his approval or disapproval on the 2nd day of April, 1991. MAYOR'S APPROVAL OR DISAPPROVAL The foregoing ordinance is hereby approved this 2nd day of April, 1991. oLd tag., Palmer A. DePaulis Mayor BD17697 (PE) 11 STATE OF UTAH SS. COUNTY OF SALT LAKE I, Kathryn Marshall, the duly appointed, qualified and acting City Recorder of Salt Lake City, Salt Lake County, Utah, do hereby certify that the above and foregoing is a full, true and correct copy of the record of proceedings had by the City Council of Salt Lake, Salt Lake County, Utah at its meeting held on the 2nd day of April, 1991 insofar as the same relates to or concerns Salt Lake City, Utah Curb and Gutter Extension Special Improvement District No. 38-758 as the same appears of record in my office. I further certify that the Ordinance levying the special assessments was recorded by me in the official records of Salt Lake City on the 2nd day of April, 1991. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the corporate seal of Salt Lake City this 2nd day -of April, 1991. ( S E A L ) BD17687 (PP) 12 STATE OF UTAH COUNTY OF SALT LAKE AFFIDAVIT OF MAILING : ss. NOTICE OF ASSESSMENT I, Buzz Hunt, the duly appointed, qualified and acting City Treasurer of Salt Lake City, Salt Lake County, Utah, do hereby certify that on the iZ iday of April, 1991, I caused to be mailed a Notice of Assessment to each property owner in Salt Lake City, Utah Curb and Gutter Extension Special Improvement District No. 38-758 by United States Mail, postage prepaid, at the last known address of such owner. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the corporaterseal of Salt Lake City, Salt Lake County, Utah this L')day of April, 1991. ( S E A L ) 13D17687 (PF) 13 y Treasurer PROOF OF PUBLICATION Attached to this page is the Proof of Publication, indicating by the affidavit of the publisher that the said Ordinance levying the special assessments which was contained in the Ordinance adopted by the City Council on the 2nd day of April, 1991, was published one time in the Deseret News. BU17697 (PE) 14 EXHIBIT "A" CERTIFICATE OF COMPLIANCE WITH OPEN MEETING LAW I, Kathryn Marshall, the undersigned City Recorder of Salt Lake City, Salt Lake County, Utah (the "City"), do hereby certify, according to the records of the City in my official possession, and upon my own knowledge and belief, that in accordance with the requirements of Section 52-4-6(2), Utah Code Annotated 1953, as amended, I gave not less than twenty-four (24) hours public notice of the agenda, date, time and place of the April 2, 1991 public meeting held by the City as follows: (a) By causing a Notice, in the form attached hereto as Schedule "A", to be posted at the City"s offices at 451 South State Street, Salt Lake City, Utah on March 29, 1991, at least twenty-four (24) hours prior to the convening of the meeting, said Notice having continuously remained so posted and available for public inspection until the completion of the meeting; and (b) By causing a copy of such Notice, in the form attached hereto as Schedule "A", to be delivered to the Deseret News on March 29, 1991, at least twenty-four (24) hours prior to the convening of the meeting. HD77687 <PFI 15 IN WITNESS WHEREOF, I have hereunto subscribed my official signature this 2nd day of Apr 1, 1991. ( S F A L ) BD,7687 (FF) 16 City Recorder SCHEDULE "A" Notice of Meeting Pn17E,R7 ( FF) 17 EXHIBIT "B" ASSESSMENT LIST Available for review at the offices of the City Recorder or City Engineer BD175R7 tFF) 18