051 of 1996 - AN ORDINANCE OF THE CITY OF SALT LAKE CITY, UTAH, ENACTING CHAPTER 2.38, SALT LAKE CITY CODE, AND AD0 96-1
0 96-32
SALT LAKE CITY
ORDINANCE NO. 51
OF 1996
AN ORDINANCE OF THE CITY OF SALT LAKE CITY, UTAH, ENACTING
CHAPTER 2.38, SALT LAKE CITY CODE, AND ADOPTING THE WEST
CAPITOL HILL NEIGHBORHOOD PROJECT AREA REDEVELOPMENT PLAN
ENTITLED, "WEST CAPITOL HILL REDEVELOPMENT PLAN," DATED
APRI:L 4, 1996
BE IT ORDAINED BY THE CITY COUNCIL OF SALT LAKE CITY, UTAH
AS FOLLOWS:
SECTION I. That Chapter 2.38, Salt Lake City Code,
pertaining to the West Capitol Hill Redevelopment Plan is
hereby enacted to read as follows:
CHAPTER 2.38
WEST CAPITOL HILL REDEVELOPMENT PLAN
Sections:
2.38.010. Redevelopment Plan.
2.38.020. Project Boundaries.
2.38.030. Purposes of Redevelopment Plan.
2.38.040. Plan Incorporated by Reference.
2.38.050. Plan Officially Designated.
2.38.060. Council Findings.
2.38.070. Housing Facilities.
2.38.080. Tax Increment Financing.
Section 2.38.010. Redevelopment Plan. It has
become necessary and desirable to adopt a Redevelopment
Plan as corrected by the attached errata sheet, entitled,
"West Capitol Hill Redevelopment Plan," dated April 4,
1996.
Section 2.38.020. Project Boundaries. The legal
description of the boundaries of the project area covered
by the Redevelopment Plan entitled, "West Capitol Hill
Neighborhood Development Plan" dated April 4, 1996 is as
follows, to -wit:
Beginning at the Southwest Corner of the
intersection of 400 West Street and 300 North
Street; thence East along the South boundary line
of 300 North Street to the Southeast Corner of the
Intersection of 300 North Street and 200 West
Street; thence North along the East boundary line
of 200 West Street to a point where the North
boundary line of 200 West Street intersects the
North boundary line of Wall Street; thence
Northwesterly along the North boundary line of Wall
Street to the Northeast Corner of the Intersection
of Wall Street and 800 North Street; thence West
along the North boundary line of 800 North Street
to the Northwest Corner of the intersection of 800
North Street and 400 West Street; thence South
along the West boundary line of 400 West Street to
the point of Beginning.
The project area contains all of Blocks 114, 115,
120, 121, 132, 133, 138, 139, 150 and 151, Plat "A"
Salt Lake City Survey, containing approximately 90
acres of privately owned property.
Section 2.38.030. Purposes of Redevelopment Plan.
The purpose and intent of the City Council of Salt Lake
City with respect to the project area, is to accomplish
the following purposes by adoption of the Redevelopment
Plan entitled, "West Capitol Hill Redevelopment Plan",
dated April 4, 1996:
A. Removal of structurally substandard buildings
to permit the return of the project area land to economic
use and new construction.
B. Removal of impediments to land disposition and
development through assembly of land into reasonably sized
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and shaped parcels serviced by improved public utilities
and new community facilities.
C. Rehabilitation of buildings to assure sound
long-term economic activity in this neighborhood of the
City of Salt Lake.
D. Elimination of environmental deficiencies,
including among others, small and irregular lot subdivi-
sion, overcrowding of the land and inadequate off-street
parking.
E. Achievement of an environment reflecting a high
level of concern for architectural and urban design prin-
ciples, developed through encouragement, guidance, appro-
priate controls and professional assistance to owner par-
ticipants and redevelopers.
F. Implement the tax increment financing pro-
visions of the Utah Neighborhood Development Act, Utah
Code Annotated, Section 17A-2-1247.5, et seq., which is
incorporated herein by reference and made a part of this
Ordinance.
G. Strengthening of the tax base and economic
health of the entire community and of the State of Utah.
H. Provisions for improvements to public streets,
curbs and sidewalks, other public rights -of -way, street
lights, landscaped areas, public parking, and other public
improvements.
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Section 2.38.040. Plan Incorporated by Reference.
The Redevelopment Plan entitled, "West Capitol Hill
Redevelopment Plan," dated April 4, 1996, together with
supporting documents is incorporated herein by reference,
is attached hereto, and made a part of this Ordinance.
Copies of said Redevelopment Plan shall be filed and
maintained in the office of the City Recorder for public
inspection.
Section 2.38.050. Plan Officially Designated. The
"West Capitol Hill Redevelopment Plan," dated April 4,
1996 is hereby designated as the official Redevelopment
Planof the project area.
Section 2.38.060. City Council Findings. The City
Council of Salt Lake City hereby determines and finds as
follows:
A. The project area, as above described, is a
"blighted area" as defined in Section 17A-2-1202, Utah
Code Annotated 1953, as amended.
B. The redevelopment of the project area is needed
to effectuate a public purpose.
C. The Redevelopment Plan would redevelop the area
in conformity with the Utah Neighborhood Development Act
and is in the interests of the public peace, health,
safety and welfare of the area and the community.
D. The adoption and carrying out of the Redevelop-
ment Plan is economically sound and feasible.
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E. The Redevelopment Plan conforms to the master
plan or general plan of Salt Lake City.
F. The carrying out of the Redevelopment Plan will
promote the public peace, health, safety and welfare of
the community.
G. The acquisition of real property by the power
of eminent domain or condemnation is provided for in the
Redevelopment Plan and is necessary to the execution of
the Redevelopment Plan. Adequate provisions have been
made for payment for property to be acquired as provided
by law.
H. The Redevelopment Agency of Salt Lake City has
a feasible method or plan for the relocation of families
and persons displaced from the project area, if the
Redevelopment Plan may result in the temporary or
permanent displacement of any occupants in the project
area.
I. There are or are being provided in the project
area or in other areas not generally less desirable in
regard to public utilities and public and commercial
facilities and at rents or prices within the financial
means of the families and persons displaced from the
project area, decent, safe, and sanitary dwellings equal
in number and available to such displaced families and
persons and reasonably accessible to their places of
employment.
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Section 2.38.070. Housing Facilities. Section
17A-2-1227(7) provides that:
. . .the legislative body is satisfied that
permanent housing facilities will be
available within three years from the time
occupants of the project area are displaced
and that pending the development of these
housing facilities, there will be available
to the displaced occupants adequate tem-
porary housing facilities at rents
comparable to those in the community at the
time of their displacement.
The City Council of Salt Lake City is satisfied that
permanent housing facilities will be available within
three years from the time occupants of the project area
are displaced and that pending the development of these
housing facilities, there will be available to the
displaced occupants adequate temporary housing facilities
at rents comparable to those in the community at the time
of their displacement.
Section 2.38.080. Tax Increment Financing. This
Ordinance adopting the Redevelopment Plan entitled, "West
Capitol Hill Redevelopment Plan," dated April 4, 1996,
specifically incorporates the provisions of tax increment
financing permitted by Section 17A-2-1247.5, Utah Code
Annotated 1953, as amended.
(4) (a)
An agency may collect tax increment from all
or a part of a project area. The tax increment
shall be paid to the agency in the same manner
and at the same time as payments of taxes to
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other taxing agencies to pay the principal of
and interest on loans, moneys advanced to, or
indebtedness, whether funded, refunded,
assumed, or otherwise, to finance or
refinance, in whole or in part, the
redevelopment or economic development project
according to the limits established by
majority consent of the taxing agency
committee.
(b) The agency may elect the tax increment
alternative to receive 100% of annual tax
increment to be paid to the agency for a
period not to exceed twelve years commencing
from the first tax year an agency accepts tax
increment from a project area;
(c) An agency may receive a greater percentage of
tax increment or receive tax increment for a
longer period of time than that specified in
this subsection if the agency obtains the
majority consent of the taxing agency
committee.
The Redevelopment Plan contains a provision
that provides that the portion of the taxes,
if any, due to an increase in the tax rate by
a taxing agency after the date the project
area budget is approved by the taxing agency
7
committee may not be allocated to and when
collected paid into a special fund of the
redevelopment agency according to the
provisions of Subsection (4) unless the taxing
agency committee approves the inclusion of the
increase in the tax rate at the time the
project area budget is approved. If approval
of the inclusion of the increase in the tax
rate is obtained, the portion of the taxes
attributable to the increase in the rate shall
be distributed by the county to the agency.
If approval of the inclusion of the increase
in the tax rate is not obtained, the portion
of the taxes attributable to the increase in
the rate shall be distributed by the county to
the taxing agency imposing the tax rate
increase in the same manner as other property
taxes.
The Redevelopment Agency intends to request that
the Taxing Agency Committee as formed pursuant to the
provisions of Section 17A-2-1247.5, Utah Code Annotated
1953, as amended, adopt a project area budget that
provides that the Redevelopment Agency may collect 100% of
the tax increment from all of the project area for a
period not to exceed twenty-five (25) years commencing
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from the first tax year a Redevelopment Agency accepts tax
increment from the project area.
SECTION 2. This ordinance shall take effect upon
its first publication or posting.
PASSED by the City Council of the City of Salt
Lake, Utah, this day of July, 1996.
A EST:
ief epu •ec•r•er
Chairp
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Transmitted to the Chief Admini3 '5l,�:��fficer on
r�va
July 1, 19,96Chief Administrative Officer's action: �(
Approved Vetoed.
eedee Corradini
Chief Administrative Officer
c:\wp51\rdaslc\wcapitol\adpt_pin.ord
Bill 51 of 1996
Published: July 17, 1996