Loading...
029 of 1985 - Confirming the Equalized Assessment Rolls and Levying a Tax Providing for the Assessment of Property 6Q &-d- 3 Salt Lake City, Utah May 7, 1985 A regular meeting of the City Council of Salt Lake City, Salt Lake County, Utah was held on Tuesday, the 7th day of May, 1985 , at the hour of 6 :00 p.m. , at the regular meeting place of said City Council at which meeting there were present and answering roll call the following members who constituted a quorum: Sydney Reed Fonnesbeck Chairperson Grant Mabey Vice-Chairperson Ronald J. Whitehead Councilmember Tom Godfrey Councilmember Edward W. Parker Councilmember Earl F. Hardwick Councilmember Roselyn Kirk Councilmember Also present : Ted L. Wilson Mayor Albert E. Haines Chief Administrative Officer Roger Cutler City Attorney Kathryn Marshall City Recorder Absent : Thereupon the following proceedings , among others , were duly had and taken: r ' 1 The Board of Equalization and Review (the "Board") for the Curb and Gutter Extension No . 38-681 (the "District") as appointed by the City Council of Salt Lake City, Salt Lake County, held hearings (the "Hearings") on January 8 , 9 and 10, 1985 . At the Hearings the Board reviewed statements and heard comments and complaints of property owners in the District. On January 28 , 1985, the Board met and gave a report on the Hearings and submitted its minutes , Findings , Recommendation and Decision to the City Council on February 5 , 1985 , and the City Council,following the expiration of the 60 day appeal time, now desires to make the following changes in the Assessment Rolls as recommended by the Board based on its January 28 , 1985 report : 1. Two properties should receive corner lot exemptions as follows : (a) Kent Buehler, 135 West 1300 South: Exemption Adjustment $ 753 .00 Total Revised Assessment $4,532.08 (b) Virginia Pratt, 34 West 1300 South: Exemption Adjustment - $ 753 . 00 Total Revised Assessment $4,697 .42 The following ordinance was then introduced in writing, read by title, and pursuant to motion duly made by Councilmember Fonnesbeck, and seconded by Councilmember Parker adopted by the following vote: -2- YEA: Sydney Reed Fonnesbeck Grant Mabey Ronald J. Whitehead Tom Godfrey Edward W. Parker Earl F. Hardwick Roselyn Kirk NAY: None The ordinance was then signed by the Chairperson in open meeting and recorded by the City Recorder in the official records of Salt Lake City, Utah. The ordinance is as follows : ORDINANCE NO. 29 of 1985 AN ORDINANCE CONFIRMING THE EQUALIZED ASSESSMENT ROLLS AND LEVYING A TAX PROVIDING FOR THE ASSESSMENT OF PROPERTY IN SALT LAKE CITY, UTAH CURB AND GUTTER EXTENSION NO. 38-681 FOR THE PURPOSE OF CONSTRUCTING IMPROVEMENTS ON CERTAIN STREETS WITHIN SAID MUNICIPALITY CONSISTING OF THE CONSTRUCTION OF CURB AND GUTTER, SIDEWALK, ROADWAY AND DRAINAGE FACILITIES; AND ALL OTHER MISCELLANEOUS WORK, NECESSARY TO COMPLETE THE IMPROVEMENTS IN A PROPER AND WORKMANLIKE MANNER; REAFFIRMING THE ESTABLISHMENT OF A SPECIAL IMPROVEMENT GUARANTY FUND; AND ESTABLISHING THE EFFECTIVE DATE OF THIS ORDINANCE. BE IT ORDAINED BY THE CITY COUNCIL OF SALT LAKE CITY, SALT LAKE COUNTY, UTAH: -3- Section 1. The City Council of Salt Lake City, Utah, hereby confirms the assessment roll as modified, equalized and approved by the Board of Equalization and Review including the assessment adjustments set out in the preamble to this- ordinance, all of which pertains to the Salt Lake City, Utah Curb and Gutter Extension No. 38-681 (the "District") , and hereby confirms the findings of the Board of Equalization and Review that the proposed list of assessments as modified and equalized by the Board of Equalization and Review for the District is just and equitable; that each piece of property 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 2. The City Council of Salt Lake City, Utah does hereby levy a tax to be assessed upon the real property described in the assessment list for the District . The , assessments levied upon each block, lot, part of block or lot , tract or parcel of property therein described shall be in the amount set forth in the assessment list, which is hereby incorporated by reference and made a part of this ordinance. The assessments hereby levied are for the purpose of paying the cost of constructing improvements on certain streets within the District consisting of the removal and -4- r reconstruction of street paving, construction of curb and gutter, sidewalks and driveways and installation of drainage facilities and other utility improvements and modifications ; and the completion of any other miscellaneous work necessary to complete the improvements in a proper and workmanlike manner. Said improvements are more particularly described in the assessment list for the District which list has been incorporated herein by reference and made a part of this ordinance. Said assessments are hereby levied and assessed upon each of the blocks , lots , parts of block and lots , tracts or parcels of real property described in the assessment list according to the extent that they are specially benefited by the improvements thereon. Said assessments are levied upon the land and lots in the District at equal and uniform rates . The total cost of the improvements in the District is $2,717 ,588 . 63 , of which total cost , the City' s portion is $2,549 ,600. 67. The balance to be assessed to the owners of , property affected or benefited by the improvements in the District is $167 ,987 . 96 , which is the total amount of the assessment hereby levied for the District and which does not exceed in the aggregate the sum of: (a) the total contract price for the improvements under contract duly let to the lowest and best responsible bidders therefor; (b) the reasonable cost of utility services , maintenance, labor, materials , or equipment , if any; (c) the property price, if -5- 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) . The interim warrants issued to finance the cost of construction were purchased by the City from the District in the form of advances from pooled cash of the City paid as construction progress installments became payable. The amount of the advances were determined by the negative cash balance of the District. The interest which as been included in the amount to be assessed has accrued on the negative cash balance. The rate of interest charged for this interim warrant financing has been the City' s investment rate which has been significantly less than the market rate for interim warrants sold on the open market . Section 3 . The assessment list made by the City Treasurer for the property in the District as corrected, approved, equalized and completed by the Board of , Equalization and Review, is hereby confirmed and the assessments made and returned in said completed list and the report , recommendation and decision of the Board of Equalization and Review to the City Council of Salt Lake City, Utah are hereby ratified, approved and confirmed. Section 4. This tax is levied and assessed at equal and uniform rates on such property. -6- Section 5 . 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 not to exceed ten (10) years from the effective date of this Ordinance in ten (10) substantially equal annual installments with interest on the unpaid balance of the assessment at the rate of the net effective rate of the assessment bonds to be issued. Interest from the effective date of this Ordinance shall be paid in addition to the amount of each such installment annually at the time each installment becomes due. After said fifteen (15) day period, all unpaid installments of an assessment levied against any piece of property (but only in their entirety) 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 any premiums which may become payable on redeemable bonds which may be called in order to utilize the assessments thus paid in advance. -7- Default in the payment of any installment of principal or interest when due shall cause the whole of the unpaid principal and interest to become due and payable immediately, and the whole amount of the unpaid principal shall thereafter draw interest at the rate of eighteen percent (18%) per annum until paid, but at any time prior to the date of sale or foreclosure the owner may pay the amount of all unpaid installments past due, with interest at the rate of 18% per annum to date of payment on the delinquent installments , and all approved costs , and shall thereupon be restored to the right thereafter to pay in installments in the same manner as if default had not occurred. Section 6 . The City Council of Salt Lake City, Utah does hereby reaffirm the creation of a special improvement guaranty fund and shall at the time of each annual appropriation ordinance, so long as any special assessment bonds of Salt Lake City remain outstanding, transfer to said fund each year such amount as a tax levy of one mill will , produce, either through a levy of a tax of not to exceed one mill in any one year or by the issuance of general obligation bonds or by appropriation from other available sources, 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. -8- Section 7 . The officials of Salt Lake City, Utah, are hereby authorized and directed to take all action necessary and appropriate to effectuate the provisions of this ordinance. Section 8 . All ordinances or parts thereof in conflict with this ordinance are hereby repealed. Section 9 . An emergency is hereby declared, the preservation of peace, health and safety of Salt Lake City and the inhabitants thereof so requiring. Immediately after its adoption, this ordinance shall be signed by the Chairperson and City Recorder and shall be recorded in the ordinance book kept for that purpose. Said ordinance shall be published once in the Deseret News , a newspaper published and having general circulation in Salt lake City, Utah, and shall take effect immediately upon its passage and approval and publication as required by law. Section 10. The City Recorder is hereby authorized and directed to file a copy of the assessment ordinance and final , assessment list within five (5) days from the date hereof in the Salt Lake County Recorder' s office. If the assessment ordinance incorporates the assessment list by reference, the City Recorder is further directed to file a copy of the final assessment list with the Salt Lake County Recorder. Section 11. The City Treasurer is hereby authorized and directed to give notice of assessment by mail to the property owners in the District. Said notice shall, among other -9- things , state the amount of the assessment , the terms of payment and shall be substantially in the form of the Notice attached to these proceedings . -10- PASSED AND APPROVED by the City Council of Salt Lake City, Utah, this 7th day of May, 1985 . &M 4rz6=:� Chairperson ATTEST: tRecorder ( S EA1, -11- After the transaction of other business not pertinent to the foregoing matter, the meeting was on motion duly made, seconded and carried, adjourned. Cliairperson ATTEST: i efty Recorder ( S E A L ) -12- STATE OF UTAH ) ss . COUNTY OF SALT LAKE ) I, Kathryn Marshall , the duly appointed, qualified and acting City Recorder of Salt Lake City, 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 City, Utah, at its meeting held on the 7th day of May, 1985 , insofar as the same relates to or concerns Curb and Gutter Extension No. 38-681 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 said City on the 7th day of May, 1985 . I further certify that said Ordinance was published one time in the Deseret News , the publication affidavit of which is attached hereto. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the corporate seal of said City this /7�day of May, 1985. City Recorder ( S E A L ) -13- STATE OF UTAH ) ss AFFIDAVIT OF MAILING COUNTY OF SALT LAKE ) NOTICE OF ASSESSMENT I, Cheryl D. Cook, the duly appointed, qualified and acting City Treasurer o Salt Lake City, Utah, do hereby certify that on the 'dav of May, 1985 , I caused to be mailed a Notice of Assessment to each property owner in Salt Lake City, Utah, Curb and Gutter Extension No. 38-681 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 corporate seal of said City this `�day of May, 1985 . C:ty reasurer ( S EAL, ) -14- 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 Salt Lake City Council on the 7th day of May, 1985 , was published one time in the Deseret News -15- STATE OF UTAH ) ss . CERTIFICATE OF FILING COUNTY OF SALT LAKE ) I, Kathryn Marshall, the duly qualified and acting City Recorder. of Salt Lake City, Salt Lake County, Utah, do hereby certify that on the 17th day of February, 1983 , pursuant to Utah Code Annotated, Section 10-16-7 (1953) , as amended, a copy of the Notice of Intention and resolution creating Salt Lake City, Utah, Curb and Gutter Extension No. 38-681, as finally approved, was filed in the Salt Lake County Recorder' s Office. I further certify that on the day of May, 1985 , pursuant to Utah Code Annotated, Section 10-16-18 (1953) , as amended, a copy of the assessment ordinance was filed in the Salt Lake County Recorder' s Office, and that on 1985 , a copy of the final assessment list was filed in the Salt Lake County Recorder' s Office. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of said municipality this &eday of May, 1985 . City Recorder ( S E A L ) -16- STATE OF UTAH ss . CERTIFICATE OF COMPLIANCE COUNTY OF SALT LAKE ) WITH OPEN MEETING LAW I, Kathryn Marshall , the duly qualified City Recorder of Salt Lake City, Salt Lake County, Utah, do hereby certify: (a) that in accordance with the requirements of Section 52-4-6(1) , Utah Code Annotated (1953) , as amended, public notice of the 1985 Annual Meeting Schedule of the City Council of Salt Lake City (the "Council") was given, specifying the date, time and place of the regular meetings of the Council scheduled to be held during the year, by causing a Notice of Annual Meeting Schedule for the Council to be posted on January 4, 1985 , at the principal office of the Council at the City Hall, Salt Lake City, Utah; said Notice of Annual Meeting Schedule having continuously remained so posted and available for public inspection during regular office hours at the City Hall until the date hereof; and causing a copy of the Notice of Annual Meeting Schedule to be provided on January 4, 1985, to at least one newspaper of general circulation within the geographic jurisdiction of Salt Lake City or to a local media correspondent ; (b) that in accordance with the requirements of Section 52-4-6(2) , Utah Code Annotated (1953) , as amended, public notice of the regular meeting of the Council on May 7 , 1985 , was given by specifying in a Notice of Regular Meeting the agenda, date, time and place of the May 7, 1985 Council Meeting and by causing a copy of the Notice of Regular -17- r Meeting to be posted at the principal office of the Council at the City Hall in Salt Lake City, Utah on the 3rd day of May, 1985 , a date not less than 24 hours prior to the date and time of the May 7 , 1985 , regular meeting; said Notice of Regular Meeting having continuously remained so posted and available for public inspection during the regular office hours at the City Hall until the date and time of the May 7 , 1985 , regular Council meeting; and causing a copy of the Notice of Regular Meeting to be provided on May 3rd, 1985 , to at least one newspaper of general circulation within the geographic jurisdiction of Salt Lake City or to a local media correspondent. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of Salt Lake City, this 7 d ay of May, 1985 . i y Recorder ( S E A L ) L/7 -18- ak''t. 196s -AN 0 FIRM fi. EQ IZEtY- S$E55 NGF THE Affidavit of Publication M�gg EGPERT'�V CI7 p1Nt ADM-35A 5E± ING 1 PR Nr�j� IS N ''kkT IN W a iQ 0FC R AIT M CIEL- l►RO I A t 11� �p TI S ss. et-T IL . 'CO T . 1 CirVy. , b ......Susie Strohm................................................................. to 1IIa iz ff view for Cq4 than DC IlapieG4 Pr listed, Beingfirst duly sworn deposes and says that he she i Y � P Y / s legal advertising clerk of the DESERET NEWS a daily D newspaper er rinted in the English language with general circulation in Utah, and published in Salt Lake City, Salt Lake County, in the State of Utah. Q SirThat the legal notice of which a copy is attached hereto e aI. gf•any an g Ordinance No. 29 of 1985 y Str d a thrs ordinance. each at .asbsessms M parts e are;hereby ofblq&andl Ia°1^�dtr�itis assessed Pw�ls Ofrod Property defa3 In Mro assessmerlf list acor no to ............................................................................................. e meV, ially bltneftfed �e laid mealsane..'WleduV: pohtl+e' ;itfle ISMkt4t and'anita..rmrates Improve In W 1 1'�1� c •toAM eost� CItV Is `'�49 tob0 �(otheo ej�i% �r by the l' tments iff D Is ste7987}pe vVh)chislhetofalamouMofthe assessment hereby ............................................................................................. kvkd for tke DtsMct and whkh does not exceed In'the aaare- the m of .tefal cQ Ice for). the.lmpro�)0ltotlkt l�t�b .......................................................................of ,n, • ff rg) 1 est , Icis%)'.tesuim 'ra; was published in said newspaper on.................................. Thei mwarrants tssuedtoffnaneeth,mstofeonstrK.- tlon were' rehcaed by the Cl v from the Disfrki in the form of advanoes'f m Raced cash of the City Id-as construction MaY..l4, 1985................................................................ y fic dg�1 /vlJ�i.f' ?......................................... city been s19nMcantly less the role wFtich hca than ):h ed'hd.� y�lrfct' o�f Etf°Ki1'�rars: '� Legal Advertising Clerk 6y Va assessmenrs.��d m I the rspa9,rec mmendptl6h and deeb s d h"nandifevldvftdthb*d,br4cofi- " a r, {w4 t�erepv l�alrfled.6pprPveuf,and cow Subscribed and sworn to before me this ........................5th....................................... day of ................................Tune......... A.D. 19..85..... Notary Public My Commission Expires March 1, 1988 .................................................................................... ia tlop'ni�i�s.TgJplh�btox b levbd and osswaaa of eplol one Ohhkr'�""maY a PaIa�VM �'ni1hIn m nISl�ew'�,, aNer Ml andna�pp l)ecdnle6 bs A1Wparkdlpeb. meM nol pophlerwlmnl,nKh.RRNnitsl yepoernbd shall Gov M°p1ero I qrr Itt b�iran In t=.nn10I wes7amlul1, llroe� hxtal .ar'a 'nN."1eeRei. Id l dined° assees• e"am rope wed I�"�annan me arbnlYe daleR'°"k a 1�ptp���cp sDdlbb' M atlelfbn ro me omwnf d each yduucen _ A�6hutghn t' y ald/wMptfemr. ll u�roaoo�lllda�mn ryyI �efan M y6 pMpgonpv /hde tlok 9n wDIM i In yea duce,41M anY audl orapaVPleM Must Include an adal• Xaal o1mu*equal 10 Me lderes}whkh world acbus on the 1RaeunroM ro la ucGeedi dah on whkh.IMer.0% paya�e many pasesamgll Issued In aldakdkn .df btlignd NusameMS alas$ uch oddmoialamou I aq�4,In dan.ot. cnv.ir��gmwuro�r��la nettaearyro anwe IM eve RN'd roaaYlntereal on Ma apeckl ossass-� ',malffldnes as beromat due and env Mem(uma which mpv atdlpe�.ah redeellM�ls Dpnpy Wllkb maV ba mllee in ceder to the wuslRgMB lhu#polyy In advaKe. R k11he. M1 atanY IMDNImeM of Mlnclapl M eM{MI duO I u1nG wDgs arine ulmUld Mffncbol a, ppyDle ImmuWblelY and Mx OIIIeuM�d arhrckl ShdldNrepOM Wow IMer- esfaSMp�{rydbof �p predMllpx)�pper�,�num uMlImik pyd MgR�o:Zid, d1 u�ilpoldd alMprd'e past sue wml Iraivesl�aftheroleM1%%per almumfidob daavmeMdn me dal „flglWlmeny,alMall aparovsd coals.andsMlithera- Ypwl blhO rlpmMNroaRerplo�puay lln lmMlmeMSln the .TDa C R�Solt Laka CpY.UMW does M2 Crafpetlalll�rovame�dpuaran. nHpS�ucn�9 andkIpM atlDtRme of each pmuolmMOMlayfabanr ord.i �pphauRMTaln' ,tr�naatllU Vb pro--lade MM1Drousdr� -�bYVd attivloip.Memntdm10 axouoeNdonone m�I ln"Y*"*earMb the aay�dyla�WDs saow�s�far W.purpwMt aZp adaa�lr'oga 'mid hdNNStneraOn lgVed'apoIM113IMnI lmMporaQssessdlakMs far Ind M 1 ove—this therein,di In the man• aer._ bvmelawsame sideduSah. k $dfl,oke GRi;Usoh,are ha'ebY deald Iorohealladloa neces In sary antl aPMa• _prlese'ro at�{eepale prov161aa dfMe Mdllallcl. Ye�ee�tRIap'n��p.AL repeaor fllerMf caHlldwflhmis dill aq All�Y WncYl�RrebydecIaredth.Meserva- flenafpaaca,neolmondfofelMRLakoeReCrryY adthelnhrbh- tllareof W VdWEV I.san IMe°N°ggtaanccrai'I'e`r tn�ordinancebookkeptror�tad.pM- OPo� slall ba pubilshed oMa In,lne MNnt' 4a perpAibnetlandhavinppenerd clrwbl.11 �Lakp CaplpNrMpi aIM shdl take eflecl immaebldY uRan Rs Set1Ia1 10.Th6 C ei er B erMVW d by I—and fflrecled ro flN gaapy d Mro assassmeM ordlrwlke and final lief wRhm f1W(s)dGX tram 1ne dote hereof In Me Ldte County Rac 4oMtt.aRle asnoamemMdl—ce ales lue PsushmeM llstbV tale.Me,Me City RecRd-- 4Wlmmro SoRdlaa eauMy Rid rd/a final asusslneM Ilat pke($�(�aed�d{ I i.TM CRv TPws Of Mer Is hereby auhlarbed alld Sp�e�SMpteN�Iers�l�aI�IddipM( SoleildlI�a of 0 oMler�Yl�l dliollbeyl1(ippbdds��igdNllY lnlhe farm o/ilia Ndltt ahachedromeu ASSED AND APPROVED byy 1be Clly Council d Sad Lake atV,Utah,Mls 71h day of May,toed /s/SYdn*Y P.Po e*odt ChalrWson AT ESNT!q tiai j 7 RaObryeK J�MW. ' r 410E I STATE OF UTAH, ss. City and County of Salt Lake, ---.-------- .. City Recorder of Salt Lake City, Utah, do hereby certify th the attached document is a full, true and correct copy of C/�/��G% �% - Wye ---- -- ------ ------------------------------------------ -------- -------------------------------------------------------------- -------------- ---- - ------ ---- -- -- - - ----------------------------------------------------------------------------------------------------------------- passed by the of Salt Lake City, Utah, ---.. ----- . ./ ' -- - /f - 19-e� as appears of record in my office. o U IN WITNESS WHEREOF, I have hereunto set my hand and affixed the corporate seal of said • yti da of 1 t - ✓a i f ,r -- 'ty Recorder 'r Salt Lake City, Utah May 7 , 1985 A regular meeting of the City Council of Salt Lake City, Salt Lake County, Utah was held on Tuesday, the 7th day of May, 1985 , at the hour of 6 : 00 p.m. , at the regular, meeting place of said City Council at which meeting there were present and answering roll call the following members who constituted a quorum: Sydney Reed Fonnesbeck Chairperson Grant Mabey Vice-Chairperson Ronald J. Whitehead Councilmember Tom Godfrey Councilmember Edward W. Parker Councilmember Earl F. Hardwick Councilmember Roselyn Kirk Councilmember Also present : Ted L. Wilson Mayor .o. 0 Albert E. Haines Chief Administrative Officer U� v � Roger Cutler City Attorney Kathryn Marshall City Recorder Absent : Ca Thereupon the following proceedings, among others , were duly had and taken: F The Board of Equalization and Review (the "Board")_ for the Curb and Gutter Extension No. 38-681 (the "District") as appointed by the City Council of Salt Lake City, Salt Lake County, held hearings (the "Hearings") on January 8 , 9 and 10, 1985 . At the Hearings the Board reviewed statements and heard comments and complaints of property owners in the District . On January 28 , 1985 , the Board met and gave a report on the Hearings and submitted its minutes , Findings , Recommendation and Decision to the City Council on February 5 , 1985 , and the City Council , following the expiration of the 60 day appeal time, now desires to make the following changes in the Assessment Rolls as recommended by the Board based on its January 28 , 1985 report: 1. Two properties should receive corner lot exemptions - as follows : (a) Kent Buehler, 135 West 1300 South: Exemption Adjustment $ 753 .00 Total Revised Assessment $4,532.08 (b) Virginia Pratt , 34 West 1300 South: Exemption Adjustment $ 753 .00 Total Revised Assessment $4,697 .42 0 Uj The following ordinance was then introduced in writing, U� read by title, and pursuant to motion duly made by ti F-i Councilmember and seconded by Councilmember adopted by the following vote: -2- YEA: NAY: The ordinance was then signed by the Chairperson in open meeting and recorded by the City Recorder in the official records of Salt Lake City, Utah. The ordinance is as follows : ORDINANCE NO. a9 �98s AN ORDINANCE CONFIRMING THE EQUALIZED ASSESSMENT ROLLS AND LEVYING A TAX PROVIDING FOR THE ASSESSMENT OF PROPERTY IN SALT LAKE CITY, UTAH CURB AND GUTTER EXTENSION NO. 38-681 FOR THE PURPOSE OF CONSTRUCTING IMPROVEMENTS ON CERTAIN STREETS WITHIN SAID MUNICIPALITY CONSISTING OF THE CONSTRUCTION OF CURB AND GUTTER, SIDEWALK, ROADWAY AND DRAINAGE FACILITIES ; AND ALL OTHER MISCELLANEOUS WORK, NECESSARY TO COMPLETE THE IMPROVEMENTS IN A PROPER AND WORKMANLIKE MANNER; REAFFIRMING THE ESTABLISHMENT OF A SPECIAL IMPROVEMENT GUARANTY FUND; AND ESTABLISHING THE EFFECTIVE DATE OF THIS ORDINANCE. BE IT ORDAINED BY THE CITY COUNCIL OF SALT LAKE CITY, SALT LAKE COUNTY, UTAH: o Section 1. The City Council of Salt Lake City, Utah, G` v� _hereby confirms the assessment roll as modified, equalized •v :r. ti and approved by the- Board of Equalization and Review including the assessment adjustments set out in the preamble CA to this ordinance, all of which pertains to the Salt Lake City, Utah Curb and Gutter Extension No. 38-681 (the t "District") , and hereby confirms the findings of the Board of Equalization and Review that the proposed list of assessments as modified and equalized by the Board of Equalization and Review for the District is just and equitable; -that each piece of property 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 2 . The City Council of Salt Lake City, Utah does hereby levy a tax to be assessed upon the real property described in the assessment list for the District . The assessments levied upon each block, lot , part of block or lot, tract or parcel of property therein described shall be in the amount set forth in the - assessment list , which is hereby incorporated by reference and made a part of this - ordinance. The assessments hereby levied are for the purpose of paying the cost of constructing improvements on certain streets within the District consisting of the removal and reconstruction of street paving, construction of curb and gutter, sidewalks and driveways and installation of drainage facilities and other utility improvements and modifications ; a 0 0 and the completion of any other miscellaneous work necessary U� to complete the improvements in a proper and workmanlike - -a manner. Said improvements are more particularly described in ,per, CJ� O� -4- the assessment list for the District which list has been incorporated herein by reference and made a part of this ordinance. Said assessments are hereby levied and assessed upon each of the blocks , lots , parts of block and -lots , tracts or parcels of real property described in the assessment list according to the extent that they are specially benefited by the improvements thereon. Said assessments are levied upon the land and lots in the District at equal and uniform rates . The total cost of the improvements in the District is $2,717 ,588 . 63 , of which total cost , the City' s portion is $2,549 ,600. 67. The balance to be assessed to the owners of property affected or benefited by the improvements in the District is $167 ,987. 96 , which is the total amount of the assessment hereby levied for the District and which does not exceed in the aggregate the sum of: (a) the total contract price for the improvements under contract duly let to the lowest and best responsible bidders therefor; (b) the reasonable cost of utility services , maintenance, labor, materials , or equipment , if any; (c) the property price, if a 0 a any; (d) connection fees, if any; (e) the interest on any v; interim warrants issued against the District ; and (f) a� �, overhead costs not to exceed fifteen percent (15%) of the sum of (a) ,- (b) , (c) and (d) . ' -5- The interim warrants issued to finance the cost of construction were purchased by the City from the District in the form of advances from pooled cash of the City paid as construction progress installments became payable. The amount of the advances were determined by the negative cash balance of the District . The interest which as been included in the amount to be assessed has accrued on the negative cash balance. The rate of interest charged for this interim warrant financing has been the City' s investment rate which has been significantly less than the market rate for interim warrants sold on the open market . Section 3 . The assessment ' list made by the City Treasurer for the property in the District as corrected, approved, equalized and completed by the Board of Equalization and Review, is hereby confirmed and the assessments made and returned in said completed list and the report , recommendation and decision of the Board of Equalization and Review to the City Council of Salt Lake City, Utah are hereby ratified, approved and confirmed. Section 4. This tax is levied and assessed at equal and uniform rates on such property. Section 5 . The whole or any part of the assessments for the District may be paid without interest within fifteen (15) Uj days after this ordinance becomes effective. Any part of the t: assessment not paid within such fifteen (15) flay period shall � be payable over a period not to exceed ten (10) years from 00 -6- the effective date of this Ordinance in ten (10) substantially equal annual installments with interest on the unpaid balance of the assessment at the rate of the net effective rate of the assessment bonds to be issued. Interest from the effective date of this Ordinance shall be paid in addition to the amount of each such installment annually at the time each installment becomes due., After said fifteen (15 ) day period, all unpaid installments of an assessment levied against any piece of property (but only in their entirety) 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 any premiums which may become payable on redeemable bonds which may be called in order to utilize the assessments o G thus paid in advance. U� �s Default in the payment of any installment of principal C I or interest when due shall cause the whole of the unpaid principal and interest to become due and payable immediately, and the whole amount-of the unpaid principal shall thereafter draw interest at the rate of eighteen percent (18%) per annum J -7- until paid, but at any time prior to the date of sale or foreclosure the owner may pay the amount of all unpaid installments past due , with interest at the rate of 18% per annum to date of payment on the delinquent installments , and all approved costs , and shall thereupon be . restored to the right thereafter to pay in installments in the same manner as if default had not occurred. I Section 6 . The City Council of Salt Lake City, Utah- does hereby reaffirm the creation of a special improvement guaranty fund and shall at the time of each annual appropriation- ordinance, so long as any special assessment bonds of Salt Lake City remain outstanding, transfer to said fund .each year such amount as a tax levy of one mill will produce, either through a levy of a tax of not to exceed one mill in any one year or by the issuance of general obligation bonds or by appropriation from other available sources , 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. 0 Section 7 . The officials of Salt Lake City, Utah, are hereby authorized and directed to take all action necessary t� -b and appropriate to effectuate the provisions of this _ F-L ordinance. -8- Section 8 . All ordinances or parts thereof in conflict with this ordinance are hereby repealed. Section 9 . An emergency is hereby declared, the preservation of peace, health and safety of Salt Lake City and the inhabitants thereof so requiring. Immediately after its adoption, this ordinance shall be signed by the - Chairperson and City Recorder and shall be recorded in the ordinance book kept for that purpose. Said ordinance shall be published once in the Deseret News , a newspaper published and having general circulation in Salt lake City, Utah, and shall take effect immediately upon its passage and approval and publication as required by law. Section 10. The City Recorder is hereby authorized and directed to file a copy of the assessment ordinance and final assessment list within five (5) days from the date hereof in the Salt Lake County Recorder' s office. If the assessment - ordinance incorporates the assessment list by reference, the City Recorder is further directed to file a copy of the final assessment list with the Salt Lake County Recorder. Section 11. The City Treasurer is hereby authorized and directed to give notice of assessment by mail to the property owners in the District. Said notice shall, among other g v� things , state the amount of the assessment , the terms of v� - C.a payment and shall be substantially in the form of the Notice b rn attached to these proceedings . h+ -9- PASSED AND APPROVED by the City Council of Salt Lake City, Utah, this 7th day of May, 1985 . ` rc Chairperson ATTES e cord er ( S E A L ) a 0 _ x U� IV -10- FINAIT RATE X1 $35.71 .l o. ai.--. SHEET-1- • rE! RATE R2 35.74' soaN RATE I GrE G LT.NO. FR1 RATE PER FOOT NOTICES MAILED NO.ANNUAL INSTALLMENTSID j TI RST NAME ADDRESS LOT BLOCK LAT OH BUB DIVISION FEET AMOUNT INSTALL MENT FRONTING ON THE NORTH 5[ E 1300 SOUTH BET 3 0 G 400 WE ) RATE B <</6 390 WEST 1300 SOUTH CITY 84104 8 3046 015123820080000 SPERRY REALTY CO 465 SO VAIN ST 84111 2-27 1 " " " 450 16,069.50 8 3277 001 015124530100000 CITIZENS BANK 285 OEST NORTH TEMPLE �58 1 38 1,356.98 1248 SOUTH 300 WEST CITY 84103 FRCNTINGGO D RATE 1 5 1365 SO 300 WEST 'S I fi3 FEET RATE 84 FRONTING ON ORTH S DE 1300 SOUTH BET 200 C 30 WEST) I 8 2685 01512456D 070000 SCHMIDT SIGN SERVICE 1235 SO 300 WEST 84101 2-13 FOX'S SUB RATE R1 66 2,356.85 246-52 WEST 1300 SOUTH 8 2674 015124580100DOO 12 RP _ SUB 214. 6 .80 2 W 1300 SOUTH CITY'.4107 - 7 i i FRONTING ON =20.-ITII 8 2681 001 0150124770150000 THWD UTLEY .( 180 WEST1300 SOUTH 25,910.01 _ CITY 84115 j I -------------- 1 n J 7 0110 Ol 124 1317 SO 200 WEST CITY 84107 7 0108 015124590040000 LIL.JENQJIST INVESTMENT CO 5205 SO 300 WEST ,22-23HLON-N 56 1999.76 y 010 0151245200 000 0 I o 251 W 1300 SOUTH U� r� 7 0106 5205 SO 300 WEST 13-1450 1,785.50 � 239 W 1300 S - 1 FINAL SHEET q2 laos°I ^ f LrXT.NO. PRI RATE PER FOOT NOTIDEB MAILED NO.ANNUAL INSTALLMENTS-' I NAME ADDRESS A FIRST LOT SLCCK PLAT C0.SUBDIVISION FEET MOl1NT INSTALL. ENT 7 0105 015124590D7 D000 -' RATE ql LILJ MST INVESTMENT CO 5205 SO 300 WEST 84107 11-12 EW LONDON SUB 50 1,785.50 239 W 1300 SOUTH i CUIPUTER ASSOCIATES INC 1318 SO 200 WEST 1- al dsu, 209 W 1300 SOUTH CITY 84115 F EQUITABLE LIFE ASSU SOC OF U 50 50 MAIN ST 475 9-23 2 LLPND SUB RATE ql 238,5 8,516.84 &>'� I 238.5 FEET RATE 1 7 0130 015124810010000 °d CLEO S b J KENT BUEHLER 4891 S WAIMEA WY 15-16 1 LLAND SUB RATE q 148 5,285.08 �1 135 W 1300 SOUTH CITY 84117 )3 1 7/ne 1306 SO WEST TEMPLE ALHMIBRA, CA 91802 73 FEET RATE ql FRONTING ON NO SIDE 1 TH SOUT 8ET WEST TEMPLE b FIRST WEST ! 8 2681 015124770170000 ` JO N DIN' P ' 4 - 150-142 W 1300 SOUTH CITY 84120 UTAH STATE BUILDIFG BOARD „Cj TY 84114 I JAMES D E MARJIE K HYMAS, TR 2244 E WESTMINSTER AVE 1 4 "" " " 50 1,785.50 ib i93.ov I 4 2. FEET RATE 41 ' FRONTINGG ON NORTH IDE 13 H 50 8 T MAIN b WEST TEMPLED i RATE q3 52 WEST 131)0 SOUTH CITY 84105 1 '8 2558 015124790090000 RATE 01 VIRGINIA R PRATT R - 34 W 1300 SO BOUNTIFUL, UT 84030 I 5'y s.a3 I 779170608 VIRGINIA R PRATT TRS 2320 RIDGEWOOD WAY 1 b 19 7 " " q ,69.375 1780986 i7Yo Fw ' •7S,f7 i '160.88 FEET RATE 41 O U� 7 N b R INVESTMENT 1231 SO MAIN ST 84111 12-22 2 � • --- SHEET-3- C'G G ExT.No. 681 RATE PER FOOT NOTICES MAILED NO.ANNUAL INSTALLMENTS- I FIRST NAME AOORESS LOT BLOCK PLATORBYSDIVISION FEET AMOUNT INSTALL M ENT T7 61.125 FEET RATE #1 } 8 2471 016073520120000I RATE ql Ita 77 33-47 E 1300 SOUTH i 61.125 FEET RATE N1 8 2470 016073530100000 THE SALVATION ARMY P 0 BOX 11626 1 2 COLUMBIA SUB RATE 41 61.125 2,182,77 77 i 61.125 FEET RATE 1 i J rY�.77 1246 SO STATE ST CITY 84106 I 1 { I 7 0195 016073540010000 RATE H4 j ASSN.I el BEVERLY HILLS, CA 90210 1 7 0197 016073540020000 n BEVERLY HILLS SAVINGSS& LOAN 450 ROXBURY 7TH FLOOR 12 11 52.5 771.23 1323 50 MAIN ST. BEVERLY HILLS, CA 90210 109.5 FEET RATE 44 i 28 E 1300 SOUTH CITY 84115 j 1 i� I 50 SIDE 13TH SO TH BE MAJOR T B STATE ST. 02 016073 50010000 I R J MARTINEZ �•5�8-40 EAST 1 DO SOUTH 2 -2 MONTANA SUB RATE 0 27.5 403.98 40 E 1300 SOUTH CITY 84115 1 1 650 w 800 SOUTH 26-29 MOIYran14 SUB RATE% 37. 550.88 60 E 1300 SOUTH CITY 64104 I 1 . RATE 04 j 881 t 1302 SO STATE 5T � 1 60 FEET RATE 04 a O 7 0732 003 016073580010000 Ch JOHN NICKOLS .7 P O BOX 149 18-24 2 NYES ADD RATE N 75 1101.75 110 V 1 1331 50 STATE ST CITY 84110 1 W tt o 75 FEET RATE 14 n 1 _ , V• FIN4L - SHEET-4- i . r C B G 681 NO. RATE PER FOOT NOTICES MAILED NO.ANNUAL INSTALLMENTS— FIRST f NAME ADDRESS LOT BLOCK PI-ATORSu 6DIVISION FEET L AMOUNT 7 0733 ODA 01607 3580021001 d'I EOb LAURELWOOD P O BOX 105 2-41 2 Y ADD U 1341 50 STATE ST NORCROSS, GA 30091 I 1 74 FEET RATE#4 f >y 7Bzo G D SORENSEN MAR IA 154 E 1300 SOUTH 84115 NYESADD RATE 0 50 734.50 I WNCAN 7 mu i 162 E 1300 SOUTH CITY 84109 t 4' I7 7 0723 016073790050000 THERESA K HILL .7178 E 1300 SOUTH 84115 25 1 NYES ADD RATE 94 37 543.53 I 7 VERA M E i ALBERT B CUGLIETTA 1023 W DEBONAIR DRIVE 25 1 NYES ADD RATE A 3 44.07 Ipo 116 74 FEET RA— T1 14 j I RATE fil $35.717D 8 127,512.55 i I OCTOBER 30 198k TOTAL 5 169,493.96 I I f i I i j I v 0 eao��G53°„r.F 1467 RE tcnirr vhKATI RIE �, snt.r�.ar j ouwrr, ALT L; Mar10 222pH % MA l0 `lam c L�L $t (Ji 4iY ®F AP -__ CRAY