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ORDINANCE NO. 29 of 2006
AN ORDINANCE CONFIRMING THE MODIFIED AND EQUALIZED
ASSESSMENT ROLLS AND LEVYING AN ASSESSMENT AGAINST
CERTAIN PROPERTIES IN THE SALT LAKE CITY, UTAH 900
SOUTH MAIN STREET TO 900 WEST STREET IMPROVEMENTS
SPECIAL IMPROVEMENT DISTRICT NO. 102004 (THE
"DISTRICT"), FOR THE PURPOSE OF PAYING THE COSTS OF
CONSTRUCTING IMPROVEMENTS ON CONCRETE SIDEWALKS,
SIDEWALK ACCESS RAMPS, DRIVEWAYS, CURB, GUTTER,
ROADWAY PAVEMENT, STREET LIGHTING, TRAFFIC SIGNALS,
DRAINAGE FACILITIES AND LANDSCAPING (COLLECTIVELY,
THE "IMPROVEMENTS"); 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,together with related costs, have been determined.
Section 2. Approval of Assessment List; Findings. The City Council (the
"Council") of Salt Lake City, 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 and modified assessment roll for 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 adjusted and equalized,
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 Improvements.
Section 3. Levy of Assessments. The Council hereby levies 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.
The assessments hereby levied are for the purpose of paying the costs of
constructing the Improvements in a proper and workmanlike manner.
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.
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Section 4. Cost of Improvements; Amount of Total Assessments. The total
cost of the Improvements in the District is $4,827,336.59 including allowable related
expenses. Of this total cost, the City's portion is $4,397,855.26. 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 the 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 $429,481.33.
These amounts do 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.
(a) The whole or any part of the assessments for the District may be
paid without interest within thirty (30) days after this Ordinance becomes
effective. Any part of the assessment not paid within such thirty (30)-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 installments, plus
interest accruing thereon. Interest on the unpaid balance of the assessment shall
accrue at the rate of four and nine-tenths percent (4.9%) per annum until and
unless special assessment bonds (the "Bonds") are issued for the District. After
issuance of the Bonds the interest rate on unpaid assessment balances (unless
delinquent rates apply) shall be the same rate as the net effective interest rate of
the Bonds anticipated to be issued by the City. The first assessment installment
payment date shall be on or about November 1, 2006, and on each anniversary
date of the first assessment installment payment date thereafter until paid in full.
Interest shall accrue from the effective date of this Ordinance. Each assessment
installment shall include one year's interest on the unpaid assessment amount.
(b) After the above-referenced thirty (30)-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 the 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 Bonds as interest becomes due and
payable plus any premiums which may be charged and become payable on
DMWEST#6386059 v1 4
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redeemable Bonds which may be called in order to utilize the assessments paid in
advance.
Section 7. 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 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 8. 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
DMWEST#6386059 v1 5
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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 9. 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 sheriffs
certificate of sale or deed.
Section 10. 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 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 11. Notice to Property Owners. 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 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 12. 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.
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Section 13. Repeal of Conflicting Provisions. All ordinances or parts thereof
in conflict with this Ordinance are hereby repealed.
Section 14. Publication of Ordinance. 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 Morning 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.
DMWEST#6386059 v1 7
- D APPROVED by the City Council of Salt Lake City, Utah, this 6th
day kw.
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By:
Chair
ATTEST: HrNi,uvED AS TO FORM
Salt lake City Attomey's Office
Data O—$-oG
By
By: Jfi �`�
Chief Deputy Ci Record r
DMWEST#6386059 v1 8
The City Treasurer was thereupon authorized to mail to the property owners in the
District the foregoing notice of special assessment as hereinbefore provided.
AftVV:the transaction of other business not pertinent to the foregoing matter, the
meeti , :a'wa4n duly made, seconded, and carried, adjourned.
44
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Chair
t
ATTEST:
By:
Chief Deputy City ecord
DMWEST#6386059 v1 9
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PRESENTATION TO THE MAYOR
The foregoing ordinance was presented to the Mayor for his approval or
disapproval on this i day of S P-N -e , 2006.
By:
Chair
MAYOR'S APPROVAL OR DISAPPROVAL
The foregoing ordinance is hereby approved this /2}, day of Su b ,
2006.
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Ross C. Anderson
Mayor
DMWEST#6386059 v1 10
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STATE OF UTAH )
. ss.
COUNTY OF SALT LAKE )
I, Chris Meeker, the duly appointed and qualified Chief Deputy 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 City, Salt Lake County, Utah, at its meeting held on the 6th day of June, 2006,
insofar as the same relates to or concerns Salt Lake City, Utah 900 South Main Street to
900 West Street Improvements Special Improvement District No. 102004 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 6th day of June, 2006.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the corporate
seal of Salt Lake City this 6th day of June, 2006.
A�� r F
s' 0 By.
,F ; Chief Deputy Cit ec der
DMWEST#6386059 v1 11
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STATE OF UTAH ) AFFIDAVIT OF MAILING
: ss. NOTICE OF ASSESSMENT
COUNTY OF SALT LAKE )
I, Daniel Mule, the duly appointed and qualified City Treasurer of Salt Lake City,
Salt Lake County, Utah, do hereby certify that on Q, L 13 , 2006, I caused
to be mailed a Notice of Assessment to each property ow er in Salt Lake City, Utah 900
South Main Street to 900 West Street Improvements Special Improvement District No.
102004 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 Salt Lake City, Salt Lake County, Utah this I44tiay of< 49 , 2006.
CI r y By: 00.,e 44Z e a• y�T.luL2�
City Treasurer
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DMWEST#6386059 v1 12
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 adopted by the City
Council on 6th day of June, 2006, was published one time in the Deseret Morning News.
DMWEST#6386059 v1 13
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EXHIBIT A
CERTIFICATE OF COMPLIANCE WITH OPEN MEETING LAW
I, Chris Meeker, the undersigned Chief Deputy 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 6th day of June, 2006, 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
the 2nd day of June, 2006, 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 Morning News on the 2nd day of June,
2006, at least twenty-four(24) hours prior to the convening of the meeting.
IN WITNESS WHEREOF, I have hereunto subscribed my official signature this
6th day of June, 2006.
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;,c�? , Chief Deputy City Recorder
,
DMWEST#6386059 v1 A-1
SCHEDULE A
NOTICE OF MEETING
DMWEST#6386059 v1 A-2
A / M
EXHIBIT B
ASSESSMENT LIST
[Available for review at the offices of the
City Recorder or City Engineer]
DMWEST#6386059 v1 B-1
EXHIBIT C
MODIFICATIONS RECOMMENDED
BY BOARD OF EQUALIZATION AND REVIEW
DMWEST#6386059 v1 C-1
DMWEST#6386059 v1 C-2
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Salt Lake City, Utah
June 6, 2006
A regular meeting of the City Council of Salt Lake City, Salt Lake County, Utah,
was held on Tuesday, the 6th day of June, 2006, at the hour of 7:00 p.m., at the offices of
the City Council at 451 South State Street, Salt Lake City, Utah, at which meeting there
were present
David L. Buhler Chair
Van Blair Turner Vice Chair
Carlton Christensen Councilmember
Soren Dahl Simonsen Councilmember
Nancy Saxton Councilmember
Jill Remington Love Councilmember
K. Eric Jergensen Councilmember
Also present:
Ross C. Anderson Mayor
Edwin P. Rutan, II City Attorney
Chris Meeker Chief Deputy City Recorder
Absent:
After the meeting had been duly called to order and after other matters not
pertinent to this ordinance had been discussed, the Chief Deputy City Recorder presented
to the City Council a Certificate of Compliance With Open Meeting Law with respect to
this June 6, 2006, meeting, a copy of which is attached hereto as Exhibit A.
The Board of Equalization and Review(the"Board") for Salt Lake City, Utah 900
South Main Street to 900 West Street Improvements Special Improvement District
No. 102004 (the "District") presented to the City Council its report and stated that it had
reviewed statements, comments and complaints on each property in the District as listed
in the minutes of the hearings of the Board held on April 11, 12, and 13, 2006.
The following Findings, Recommendations, and Decisions were then presented to
the City Council by the Board:
DMWEST#6386059 v1 1
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FINDINGS
It is the finding of the Board 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.
No piece of property listed in the assessment list will bear more than its proportionate
share of the costs of such improvements.
RECOMMENDATION AND DECISION
It is the decision of the Board that the proposed assessment list is equitable and
that the improvements being financed thereby constitute a benefit to the properties to be
assessed. The assessment list is approved subject to the following modifications:
See Exhibit C
The Board respectfully recommends that the City Council approve and confirm
the assessment list as adjusted and adopt an ordinance levying the assessment set out in
the adjusted assessment list.
Motion was then made by Councilmember Christensen and seconded by
Councilmember Turner that the City Council accept the Recommendation and Decision
of the Board regarding the proposed assessments to be levied within the District. The
motion carried unanimously.
The Chief Deputy City Recorder then noted that the City Council is now
convened in this meeting for the purpose, among other things, to adopt an Assessment
Ordinance (the "Ordinance") for the District. The following Ordinance was then
introduced in writing, was fully discussed, and pursuant to motion duly made by
Councilmember Christensen and seconded by Councilmember Turner adopted by the
following vote:
AYE: Unanimous
NAY: None
The ordinance was then signed by the Chair, presented to and approved by the
Mayor and recorded by the Chief Deputy City Recorder in the official records of Salt
Lake City, Utah. The ordinance is as follows:
DMWEST#6386059 v1 2