022 of 2011 - authorizing the issuance and confirming the sale of $19,000,000 Tax and Revenue Anticipation Notes, R 11-1
Q 11-3
RESOLUTION No.22 OF 2011
A RESOLUTION of the City Council of Salt Lake City, Utah,
authorizing the issuance and sale of the $19,000,000 Tax and
Revenue Anticipation Notes, Series 2011,of Salt Lake City, Utah;
providing for covenants to establish and maintain the excludability
of interest on the Notes from gross income of the owners thereof
for federal income tax purposes; giving authority to certain officers
to approve the final terms and provisions of and confirm the sale of
the Notes, within the parameters set forth in this Note Resolution;
and providing for related matters.
WHEREAS, a report has been made by the City Treasurer of Salt Lake City, Utah (the
"City"), that it is necessary to raise the sum of $19,000,000 for the purpose of meeting the
current and necessary expenses of the City and for any other purpose for which funds of the City
may be legally expended during the fiscal year beginning July 1, 2011 (the "Fiscal Year") until
the taxes and other revenues for the Fiscal Year are collected, and that the sum can be raised
without incurring any indebtedness or liability in excess of seventy-five percent (75%) of the
taxes and other revenues of the City received in the fiscal year ending June 30,2011, or in excess
of ninety percent (90%) of the taxes and other revenues of the City estimated to be received in
the Fiscal Year, or exceeding any limit of debt imposed by the Constitution or statutes of the
State of Utah;
WHEREAS,a notice inviting bids either(1) electronically via the PARITY'electronic bid
submission system ("PARITY'") or (2) facsimile transmission for the purchase of the City's
$19,000,000 Tax and Revenue Anticipation Notes, Series 2011 (the "Notes") will be advertised
by publication of a Notice of Sale (the "Notice of Sale") electronically on PARITY® as well as
in The Bond Buyer,a newspaper published in New York,New York, and brought to the attention
of potential purchasers of the Notes (the "Potential Purchasers");
WHEREAS, in the opinion of the City, it is in the best interests of the City that (a) the
Designated Officers be authorized to approve the interest rate and other terms and provisions
relating to the Notes and to execute the Certificate of Determination containing such terms and
provisions, (b) the Designated Officers be authorized to accept the bid of the Potential
Purchasers that results in the lowest net effective interest cost to the City and which bid conforms
to the requirements of the Notice of Sale and (c) the execution and delivery of the Final Official
Statement in substantially the form of the Preliminary Official Statement attached hereto as
Exhibit (the "Final Official Statement") be authorized;
Now,Therefore,Be It Resolved by the City Council of Salt Lake City,Utah,as follows:
Section 1. In addition to the terms defined in the preambles hereto and unless the
context shall otherwise require, as used in this Note Resolution the following terms shall have
the following meanings:
"Cede" means Cede &Co.,as nominee of DTC.
3011647.01.10.doc
8703753/P,DB/mo Note Sale Resolution
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It was noted that, as required by Section 52-4-203, Utah Code Annotated 1953, as
amended,written minutes and a recording of this meeting are being kept.
Thereupon, the following resolution was introduced and after due consideration of the
resolution by the City Council,Councilmember Simonsen made a motion to adopt the resolution,
and Councilmember Turner seconded the motion. On being put to a vote,the motion was carried
by the following vote:
AYE: Jill Remington Love
Stan Penfold
Carlton J.Christensen
Luke Garrott
JT Martin
Soren Simonsen
Van Blair Turner
NAY: None.
The resolution was subsequently presented to and approved and signed by the Mayor,
was approved as to form and signed by the Senior City Attorney, was signed by the Chair of the
City Council, and was attested and recorded by the Deputy City Recorder in the official records
of said City. The resolution is as follows:
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"Certificate of Determination" means the Certificate of Determination, a form of which
is attached hereto as Exhibit D, of the Designated Officers delivered pursuant to Section 2 of this
Note Resolution,setting forth certain terms and provisions of the Notes.
"City Council"means the City Council of the City,as the governing body of the City.
"City Recorder" means the City Recorder or any Deputy City Recorder of the City.
"City Treasurer" means the City Treasurer of the City or,in his absence or disability,the
Deputy City Treasurer or such other official as shall be duly authorized to act in his stead.
"Continuing Disclosure Undertaking" has the meaning assigned in Section 2(g) hereof.
"Designated Officers" means (a) Ralph Becker,Mayor of the City,or,in the event of the
absence or incapacity of Ralph Becker,David Everitt,the Mayor's Chief of Staff,or in the event
of the absence or incapacity of both Ralph Becker and David Everitt, Daniel A. Muld, City
Treasurer and (b) (i) Jill Remington Love, Chair of the City Council; or (ii) in the event of the
absence or incapacity of Jill Remington Love, Stan Penfold, Vice Chair of the City Council; or
(iii) in the event of the absence or incapacity of both Jill Remington Love and Stan Penfold,
Carlton J. Christensen, a member of the City Council; or (iv) in the event of the absence or
incapacity of Jill Remington Love, Stan Penfold and Carlton J. Christensen,Van Blair Turner, a
member of the City Council or (v) in the event of the absence or incapacity of Jill Remington
Love,Stan Penfold, Carlton J. Christensen and Van Blair Tumer,Soren D. Simonsen, a member
of the City Council.
"DTC" means The Depository Trust Company,New York,New York,and its successors
and assigns.
"Exchange Notes" has the meaning assigned in Section 2(e) hereof.
"Mayor" means the Mayor of the City, or in his absence or disability, such other official
as shall be duly authorized to act in his stead.
"Note Registrar" has the meaning assigned in Section 3(a) hereof.
"Note Resolution" means this Resolution No. 22 of 2011,adopted by the City Council on
June 14,2011.
"Owner" means any registered owner of the Notes, as shown in the registration books of
the City kept by the Note Registrar.
"Participants"has the meaning assigned in Section 3(f) hereof.
"Paying Agent"has the meaning assigned in Section 3(a) hereof.
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"Representation Letter"means the City's Blanket Issuer Letter of Representations,dated
May 30,1995.
Section 2. (a) The City shall issue the Notes in the aggregate principal amount of
$19,000,000 for the purpose of meeting the current and necessary expenses of the City,including
the costs of issuing the Notes,and for any other purpose for which funds of the City may be
legally expended during the Fiscal Year. The Notes shall be known as"Salt Lake City,Utah Tax
and Revenue Anticipation Notes,Series 2011," shall be dated the date of their initial issuance
and delivery, shall bear interest (calculated on the basis of a year of 360 days consisting of
twelve 30-day months)at the rate per annum deternuned by the Designated Officers pursuant to
the provisions of Section 2(b) of this Note Resolution from their date until paid, payable at
maturity,and shall mature on June 29,2012. The Notes shall be issued in fully-registered form
only, in the denomination of $100,000 or any whole multiple thereof. The Notes shall be
numbered with the letter prefix"R-"and shall be numbered from one(1)consecutively upwards
in order of issuance. The Notes shall not be subject to call and redemption prior to maturity.
Upon maturity,both principal of and interest on the Notes shall be payable in lawful money of
the United States of America upon presentation and surrender thereof at the office of the Paying
Agent in Salt Lake City,Utah.
(b) There is hereby delegated to the Designated Officers, subject to the limitations
contained herein,the power to determine and effectuate the following with respect to the Notes
and the Designated Officers are hereby authorized to make such determinations and
effectuations:
(i) the interest rate of the Notes,provided,however,that the interest rate to be
borne by the Notes shall not exceed three percent(3%)per annum;
(ii) the acceptance of the sale of the Notes to the Potential Purchaser pursuant
to the bid submitted by the applicable Potential Purchaser,which bid results in the lowest
net effective interest cost to the City and conforms to the requirements of the Notice of
Sale;provided,however,that the Notes shall not be sold at less than the par amount of
the bonds;and
(iii) any other provisions deemed advisable by the Designated Officers not
materially in conflict with the provisions of this Note Resolution.
Immediately following the receipt of bids from the Potential Purchasers,the Designated
Officers shall obtain such information as they deem necessary to make such determinations as
provided above and consult with Daniel A.Mule and Lewis Young Robertson& Burningham,
Inc., the City's financial advisor, unless, in each case, such person is unavailable or
incapacitated, in which case the Designated Officers are excused from consulting with such
person. Thereupon,the Designated Officers shall make such determinations as provided above
and shall execute the Certificate of Determination containing such terms and provisions and
accepting the Sale of the Notes,which execution shall be conclusive evidence of the action or
determination of the Designated Officers as to the matters stated therein. The provisions of the
Certificate of Determination shall be deemed to be incorporated in Section 2 hereof.
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(c) The Notes shall be signed by the Mayor, countersigned by the City Treasurer and
attested and countersigned by the City Recorder and shall have the official seal of the City
impressed thereon. The Mayor is hereby empowered and directed to sign, the City Treasurer to
countersign and the City Recorder to attest and countersign each of the Notes and to cause the
official seal of the City to be impressed on each of the Notes. The acts of the Mayor, City
Treasurer and City Recorder in so doing are and shall be the acts and deeds of the City.
(d) The Notes shall then be delivered to the Note Registrar for manual authentication.
Only such of the '.dotes as shall bear thereon a certificate of authentication, manually executed by
the Note Registrar, shall be valid or obligatory for any purpose or entitled to the benefits of this
Note Resolution, and such certificate of the Note Registrar shall be conclusive evidence that the
Notes so authenticated have been duly authenticated and delivered under, and are entitled to the
benefits of, this Note Resolution and that the Owners of the Notes are entitled to the benefits of
this Note Resolution. The certificate of authentication of the Note Registrar on any Note shall be
deemed to have been executed by it if such Note is signed by the Note Registrar and the date of
registration and authentication of the Note is inserted in the place provided therefor on the
certificate of authentication.
(e) The Mayor, the City Treasurer and the City Recorder are authorized to sign,
countersign, seal and attest from time to time, in the manner described above, Notes (the
"Exchange Notes") to be issued and delivered for the purpose of effecting transfers and
exchanges of Notes pursuant to Sections 3(b) and (c) hereof. At the time of the signing,
countersigning, sealing and attestation of the Exchange Notes by the City, the payee and the
principal amount shall be in blank. Upon any transfer or exchange of Notes pursuant to
Sections 3(b) and (c) hereof, the Note Registrar shall cause to be inserted in appropriate
Exchange Notes the appropriate payee and principal amount. The Note Registrar is hereby
authorized and directed to hold the Exchange Notes, and to complete, authenticate and deliver
the Exchange Notes,for the purpose of effecting transfers and exchanges of Notes; provided that
any Exchange Notes authenticated and delivered by the Note Registrar shall bear the name of
such payee as the Owner requesting an exchange or transfer shall designate; and provided further
that, upon the delivery of any Exchange Notes by the Note Registrar, a like principal amount of
Notes submitted for transfer or exchange shall be canceled. The signing, countersigning, sealing
and attestation by the appropriate City officers and delivery to the Note Registrar of any
Exchange Note shall constitute full and due authorization of such Note containing such payee
and principal amount as the Note Registrar shall cause to be inserted, and the Note Registrar
shall thereby be authorized to authenticate and deliver such Exchange Note in accordance with
the provisions hereof.
(f) In case any officer whose signature shall appear on any Note (including any
Exchange Notes) shall cease to be such officer before the issuance or delivery of such Note, such
signature shall nevertheless be valid and sufficient for all purposes, the same as if such officer
had remained in office until such issuance or delivery,respectively.
(g) The Mayor is hereby authorized, empowered and directed to execute and deliver,
and the City Recorder to seal,countersign and attest,the Continuing Disclosure Undertaking (the
"Continuing Disclosure Undertaking") in substantially the same form as now before the City
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Council and attached hereto as Exhibit B,or with such changes therein as the Mayor on behalf of
the City shall approve,his execution thereof to constitute conclusive evidence of his approval of
such changes. When the Continuing Disclosure Undertaking is executed and delivered on behalf
of the City as herein provided,the Continuing Disclosure Undertaking will be binding on the
City and the officers,employees and agents of the City,and the officers,employees and agents
of the City are hereby authorized,empowered and directed to do all such acts and things and to
execute all such documents as may be necessary to carry out and comply with the provisions of
the Continuing Disclosure Undertaking as executed. Notwithstanding any other provision of this
Note Resolution, the sole remedies for failure to comply with the Continuing Disclosure
Undertaking shall be the ability of the beneficial owner of any Note to seek mandamus or
specific performance by court order,to cause the City to comply with its obligations under the
Continuing Disclosure Undertaking.
(h) The City agrees to furnish all necessary documents and information required by
note counsel with respect to the issuance,sale and delivery of the Notes.
Section 3. (a) The City Treasurer is hereby appointed the paying agent and note
registrar for the Notes(respectively,the "Paying Agent"and"Note Registrar").
(b) (i)Any Note may,in accordance with its terms,be transferred,upon the registration
books kept by the Note Registrar pursuant to Section 3(d) hereof, by the Owner thereof, in
person or by such Owner's duly authorized attorney, upon surrender of such Note for
cancellation,accompanied by delivery of a written instrument of transfer in a form approved by
the Note Registrar,duly executed. No transfer shall be effective until entered on the registration
books kept by the Note Registrar. The City,the Note Registrar and the Paying Agent may treat
and consider the person in whose name each Note is registered in the registration books kept by
the Note Registrar as the holder and absolute owner thereof for the purpose of receiving payment
of,or on account of,the principal thereof and interest due thereon and for all other purposes
whatsoever.
(ii) Whenever any Note or Notes shall be surrendered for transfer,the Note
Registrar shall authenticate and deliver a new fully-registered Note or Notes(which may
be an Exchange:Vote or Notes pursuant to Section 2 hereof)of authorized denominations
duly executed by the City,for a like aggregate principal amount. The Note Registrar
shall require the payment by the Owner requesting such transfer of any tax or other
governmental charge required to be paid with respect to such transfer.
(c) Notes may be exchanged at the office of the Note Registrar in Salt Lake City,Utah,
for a like aggregate principal amount of fully-registered Notes(which may be an Exchange Note
or Notes pursuant to Section 2 hereof). The Note Registrar shall require the payment by the
Owner requesting such exchange of any tax or other governmental charge required to be paid
with respect to such exchange.
(d) This Note Resolution shall constitute a system of registration within the meaning
and for all purposes of the Registered Public Obligations Act,Chapter 7 of Title 15 of the Utah
Code Annotated 1953,as amended(the "Utah Code"). The Note Registrar shall keep or cause
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to be kept,at its office, sufficient books for the registration and transfer of the Notes,which shall
at all times be open to inspection by the City; and, upon presentation for such purpose, the Note
Registrar shall, under such reasonable regulations as it may prescribe, register or transfer or
cause to be registered or transferred,on said books,Notes as herein provided.
(e) The Note Registrar shall maintain a list of the names and addresses of the Owners
of all Notes and, upon any transfer, shall add the name and address of the new Owner and
eliminate the name and address of the transferor Owner.
(f) The Notes shall be initially issued in the form of a single, certificated and fully-
registered note. Except as provided in Section 3(h) hereof, all of the outstanding Notes shall be
registered in the registration books kept by the Note Registrar in the name of Cede.
With respect to Notes registered in the registration books kept by the Note Registrar in
the name of Cede, the City,the Note Registrar and the Paying Agent shall have no responsibility
or obligation to any broker dealer,bank or other financial institution from time to time for which
DTC holds Notes as securities depository (such broker dealers, banks or other financial
institutions are hereinafter referred to collectively as "Participants") or to any person on behalf
of which a Participant holds an interest in the Notes. Without limiting the immediately
preceding sentence, the City, the Note Registrar and the Paying Agent shall have no
responsibility or obligation with respect to (i) the accuracy of the records of DTC, Cede or any
Participant with respect to any ownership interest in the Notes, (ii) the delivery to any Participant
or any other person, other than an Owner as shown in the registration books kept by the Note
Registrar,of any notice with respect to the Notes, or (iii) the payment to any Participant or any
other person,other than an Owner as shown in the registration books kept by the Note Registrar,
of any amount with respect to principal of or interest on the Notes. The City,the Note Registrar
and the Paying Agent may treat and consider the person in whose name each Note is registered
in the registration books kept by the Note Registrar as the holder and absolute owner of such
Note for the purpose of payment of principal and interest with respect to such Note, for the
purpose of registering transfers with respect to such Note and for all other purposes whatsoever.
The Paying Agent shall pay all principal of and interest on the Notes only to or upon the
order of the respective Owners, as shown in the registration books kept by the Note Registrar, or
their respective attorneys duly authorized in writing, as provided in Section 3(b) hereof, and all
such payments shall be valid and effective to satisfy and discharge fully the City's obligations
with respect to payment of principal of and interest on the Notes to the extent of the sum or sums
so paid. No person other than an Owner, as shown in the registration books kept by the Note
Registrar, shall receive a certificated Note evidencing the obligation of the City to make
payments of principal and interest pursuant to this Note Resolution. Upon delivery by DTC to
the City of written notice to the effect that DTC has determined to substitute a new nominee in
place of Cede,the word "Cede" in this Note Resolution shall refer to such new nominee of DTC.
Upon receipt of such a notice, the City shall promptly deliver a copy of the same to the Note
Registrar and the Paying Agent.
(g) The City's prior execution and delivery of the Representation Letter shall not in any
way limit the provisions of Section 3(f) hereof or in any other way impose upon the City any
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obligation whatsoever with respect to Persons having interests in the Notes other than the
Owners, as shown on the registration books kept by the Note Registrar. The City Treasurer,
acting in his capacity as Paying Agent and Note Registrar hereunder is hereby authorized and
directed to take all action necessary for all of DTC's operational arrangements pertaining to the
Paying Agent and Note Registrar, respectively, in the Representation Letter to at all times be
complied with. '
(h) In the event that (i) the City determines that DTC is unable or unwilling to
discharge its responsibilities described herein and in the Representation Letter, (ii) DTC
determines to discontinue providing its service as securities depository with respect to the Notes
at any time as provided in the Representation Letter or (iii) the. City determines that it is in the
best interests of the beneficial owners of the Notes that they be able to obtain certificated Notes,
the City shall notify DTC and direct DTC to notify the Participants of the availability through
DTC of note certificates, and the Notes shall no longer be restricted to being registered in the
registration books kept by the Note Registrar in the name of Cede. At that time, the City may
determine that the Notes shall be registered in the name of and deposited with such other
depository operating a universal book. entry system as may be acceptable to the City, or such
depository's agent or designee,and if the City does not select such alternate universal book-entry
system, then the Notes shall no longer be restricted to being registered in the registration books
kept by the Note Registrar in the name of Cede, but may be registered in whatever name or
names Owners transferring or exchanging Notes shall designate, in accordance with the
provisions of Sections 3(b) and (c) hereof.
.(i) Notwithstanding any other provision of this Note Resolution to the contrary,so long
as any Note is registered in the name .of Cede, all payments with respect to principal of and
interest on such Note and all notices with respect to such Note shall be made and given,
respectively,in the manner provided in.the Representation Letter.
Section 4. The Notes shall be in substantially the form attached hereto as Exhibit C,
with such insertions, omissions, endorsements and variations as the as may be required
(including, but not limited to, such changes as may be necessary if the Notes at any time are no
longer held in book-entry form as permitted by Section 3(h)hereof).
Section S. All of the covenants, statements, representations, agreements and promises
contained in the Notes and all recitals and representations in this Note Resolution shall be, and
the same are hereby,adopted as the covenants, statements,agreements and promises of the City.
Section 6. The proceeds derived from the sale of the Notes shall be deemed allocated
to the general fund of the City as needed to alleviate anticipated deficits in that fund arising from
the timing of collection of taxes and other revenues of the Fiscal Year for that fund and shall be
used solely for the purpose of meeting the current and necessary expenses of the City, including
the costs of issuing the Notes, and for any other purpose for which funds of the City may be
legally expended during the Fiscal Year. The Owners of the Notes shall not be responsible for
the application of the proceeds thereof by the City or any of its officers.
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Section 7. The full faith and credit of the City are pledged to the payment of the Notes.
The City shall levy or cause to be levied for the Fiscal Year a tax, and there shall be levied and
collected revenues other than taxes, that together shall be sufficient to pay the principal of and
interest on the Notes as the same fall due. The Notes are issued in anticipation of the payment of
such taxes and the collection of such revenues for the Fiscal Year.
Section 8. There is hereby irrevocably appropriated from the first collection of taxes
and other revenues for the Fiscal Year a sufficient fund to pay the principal of and interest on the
Notes as the same shall fall due, and all expenses in connection therewith and all collection and
other charges incident thereto or connected therewith shall be paid by the City.
Section 9. (a)The bid of the Potential Purchaser that results in the lowest net effective
interest cost and that conforms to the requirements of the Notice of Sale, shall be accepted in
accordance with Section 2(b) of this Note Resolution.
(b) Under authority of the Local Government Bonding Act,Title 11, Chapter 14 of the
Utah Code,the Notes shall be issued by the City for the purpose set forth in Section 2 hereof.
(c) The Final Official Statement of the City,in substantially the form of the Preliminary
Official Statement,as supplemented,attached hereto as Exhibit A, with such changes,omissions,
insertions and revisions as the Mayor shall deem advisable, including the completion thereof
with the information established at the time of the sale of the Notes by the Designated Officers
and set forth in the Certificate of Determination, is hereby authorized, and the Mayor shall sign
and deliver such Final Official Statement to the purchaser of the Notes for distribution to
prospective purchasers of the Notes and other interested persons.
(d) The Mayor, the Chief of Staff, the City Treasurer and the City Recorder are, and
each of them is, hereby authorized to do or perform all such acts and to execute all such
certificates, documents and other instruments as may be necessary or advisable to comply with
the provisions of this Note Resolution and to carry out the transactions contemplated hereby; and
the Mayor and the City Recorder are,and each of them is,hereby authorized and directed to sign,
countersign, seal and deliver the Notes to the purchaser of the Notes, upon receipt of the
purchase price therefor,as specified in the preambles hereto and as provided herein.
Section 10. (a)The Mayor,the City Recorder,the Chief of Staff,the City Treasurer and
other appropriate officials of the City are each hereby authorized and directed to execute such
certificates and agreements as shall be necessary to establish that the Notes are not "arbitrage
bonds" within the meaning of Section 148 of the internal Revenue Code of 1986, as amended
(the "Code"), and applicable regulations promulgated or proposed thereunder, as the same
presently exist, or may from time to time hereafter be amended, supplemented or revised, and to
establish that interest on the Notes is not and will not become includible in gross income of the
Owners thereof for federal income tax purposes. The City covenants and certifies to and for the
benefit of the Owners from time to time of the Notes that (i) it will at all times comply with the
provisions of any certificates or agreements made or entered into hereunder and (ii) no use will
be made of the proceeds of the issue and sale of the Notes, or any funds or accounts of the City
that may be deemed to be available proceeds of the Notes, pursuant to Section 148 of the Code
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and applicable regulations (proposed or promulgated), which use, if it had been reasonably
expected on the date of issuance of the Notes,would have caused the Notes to be classified as
"arbitrage bonds"within the meaning of Section 148 of the Code. Pursuant to this covenant,the
City obligates itself to comply throughout the term of the Notes with the requirements of Section
148 of the Code and the regulations proposed or promulgated thereunder.
(b) The City further covenants and agrees to and for the benefit of the Owners from
time to time of the Notes that the City(i)will not take any action that would cause interest on the
Notes to be or to become ineligible for the exclusion from gross income of the Owners of the
Notes as provided in Section 103 of the Code,(ii)will not omit to take or cause to be taken,in
timely manner,any action,which omission would cause interest on the Notes to be or to become
ineligible for the exclusion from gross income of the Owners of the Notes as provided in
Section 103 of the Code,(iii)without limiting the generality of the foregoing,(A)will not take
any action that would cause the Notes,or any Note,to be a"private activity bond"within the
meaning of Section 141 of the Code or to fail to meet any applicable requirement of Section 149
of the Code and(B)will not omit to take or cause to be taken,in timely manner,any action,
which omission would cause the Notes,or any Note,to be a"private activity bond"or to fail to
meet any applicable requirement of Section 149 of the Code and(iv)acknowledges that,in the
event of an examination by the Internal Revenue Service of the exemption from federal income
taxation for interest paid on the Notes, under present rules, the City may be treated as a
"taxpayer" in such examination and agrees that it will respond in a commercially reasonable
manner to any inquiries from the Internal Revenue Service in connection with such an
examination. The Mayor,the City Recorder,the Chief of Staff,the City Treasurer and other
appropriate officials of the City are each hereby authorized and directed to execute such
certificates,representations and agreements as shall be necessary to establish that the Notes are
not and will not become"private activity bonds,"that all applicable requirements of Section 149
of the Code are and will be met and that the covenants of the City contained in this Section 10
will be complied with.
(c) The City hereby covenants to take or cause to be taken such actions as shall be
necessary to comply with the arbitrage rebate requirement imposed by Section 148(f) of the
Code to preserve and maintain the excludability of interest on the Notes from gross income of
the Owners thereof for federal income tax purposes and shall take such actions as are appropriate
under the tax certificate relating to the Notes delivered on the date of original issuance thereof.
Section H. All proceedings,resolutions and actions of the City and its officers,agents
and representatives taken in connection with the sale and issuance of the Notes,including but not
limited to the publication of the Notice of Sale in The Bond Buyer and the preparation and
distribution of the Preliminary Official Statement and an Official Notice of Sale, are hereby
ratified,confirmed and approved.
Section 12. All resolutions and orders or parts thereof in conflict with the provisions
hereof are to the extent of such conflict hereby repealed.
Section 13, This Note Resolution shall become effective immediately upon its adoption.
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ADOPTED AND APPROVED this 14th day of June,2011.
SALT LAKE.CITY,UTAH
v
By- 0a
Chair,City Council
4TS 5�
ATT T: /
Y
�W
De ty City Recorder
APPROVED:
Mayor
APPROVED AS TO FORM:
Senior Crty Attorney
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EXHIBIT A
[ATTACH FORM OF FINAL OFFICIAL STATEMENT]
A-1 Note Sale Resolution
EXHIBIT B
[ATTACH FORM OF CONTINUING DISCLOSURE UNDERTAKING]
B-1 Note Sale Resolution
EXHIBIT C
[FORM OF NOTE]
Unless this certificate is presented by an authorized representative of The Depository Trust
Company, a New York corporation("DTC"), to the City or its agent for registration of transfer,
exchange, or payment, and any certificate issued is registered in the name of Cede & Co. or in
such other name as is requested by an authorized representative of DTC (and any payment is
made to Cede & Co. or to such other entity as is requested by an authorized representative of
DTC), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE
BY OR TO ANY PERSON IS WRONGFUL inasmuch as the registered owner hereof,Cede & Co.,
has an interest herein.
UNITED STATES OF AMERICA
STATE OF UTAH
SALT LAKE COUNTY
SALT LAKE CITY
TAX AND REVENUE ANTICIPATION NOTE,SERIES 2011
No.R- $19,000,000
INTEREST RATE MATURITY DATE DATED DATE CUSIP
% June 29,2012 ,2011
REGISTERED OWNER:
PRINCIPAL AMOUNT: ----------------------------------DOLLARS-----------------------------------------
KNOW ALL MEN BY THESE PRESENTS that Salt Lake City, Utah (the "City"), hereby
acknowledges itself to be indebted and, for value received, hereby promises to pay to the
registered owner identified above, or registered assigns, the principal amount identified above,
upon presentation and surrender hereof, on the maturity date specified above, without option of
redemption prior to maturity, and to pay to the registered owner identified above, or registered
assigns, interest on such principal amount from the date of this Note (calculated on the basis of a
360-day year consisting of twelve 30-day months) at the rate per annum specified above from the
dated date identified above (the "Dated Date") until paid, payable at maturity. Principal of and
interest on this Note shall be payable upon presentation and surrender hereof at the City
Treasurer's-office located in Salt Lake City, Utah, as paying agent of the City, in any coin or
currency of the United States of America that is legal tender for the payment of public and
private debts at the time of payment.
C-1 Note Sale Resolution
This Note is one of an issue of $19,000,000 of notes of like tenor and date, known as
"Salt Lake City, Utah Tax and Revenue Anticipation Notes, Series 2011" (the "Notes"), issued
under and pursuant to the Constitution and laws of the State of Utah, including particularly the
applicable provisions of the Local Government Bonding Act, Chapter 14, Title 11, Utah Code
Annotated 1953, as amended (the "Utah Code"), the Utah Registered Public Obligations Act,
Chapter 7,Title 15 of the Utah Code, and a resolution of the City adopted on June 14, 2011 (the
"Note Resolution").
The City Treasurer is the note registrar and paying agent of the City with respect to the
Notes. Said note registrar and paying agent, respectively, is referred to herein as the "Note
Registrar" and the "Paying Agent."
It is hereby covenanted, certified, recited and declared that this Note is issued in
anticipation of the collection of taxes levied and other revenues for the current fiscal year of the
City ending June 30, 2012 (the "Current Fiscal Year"), in evidence of money borrowed to meet
the current and necessary expenses of the City, and for any other purpose for which funds of the
City may be legally expended during the Current Fiscal Year, until payment of the taxes and
other revenues for the Current Fiscal Year; that taxes have been levied and imposed and will be
collected in the Current Fiscal Year on all taxable property within the City within the limit
provided by law and, together with other budgeted revenues to be received during the current
Fiscal Year, sufficient to pay principal of and interest on this Note as the same falls due and all
budgeted expenses of the City for the Current Fiscal Year; and that a sufficient fund has been
appropriated for the payment of the principal of and interest on this Note as the same shall fall
due.
It is hereby further certified,recited and declared that the aggregate indebtedness incurred
by the City for the Current Fiscal Year,including the Notes, is not in excess of either (i) seventy-
five percent (75%) of the total of the taxes and other revenues levied and collected by or on
behalf of the City in the fiscal year that ended June 30, 2011, or (ii) ninety percent (90%) of the
total of the taxes and other revenues levied and to be collected by or on behalf of the City in the
Current Fiscal Year.
This note is transferable, as provided in the Note Resolution, only upon the books of the
City kept for that purpose at the office of the Note Registrar, in Salt Lake City, Utah, by the
registered owner hereof in person or by such owner's attorney duly authorized in writing. Such
transfer will be made upon surrender of this Note,together with a written instrument of transfer
satisfactory to the Note Registrar, duly executed by the registered owner or such duly authorized
attorney, and thereupon the City shall issue in the name of the transferee a new registered Note
or Notes of authorized denominations of the same aggregate principal amount, series,
designation, maturity and interest rate as the surrendered Note, all as provided in the Note
Resolution and upon the payment of the charges therein prescribed. No transfer of this Note
shall be effective until entered on the registration books kept by the Note Registrar. The City,
the Note Registrar and the Paying Agent may treat and consider the person in whose name this
Note is registered or the registration, books kept by the Note Registrar as the holder and absolute
owner hereof for the purpose of receiving payment of, or on account of, the principal of and
C-2 Note Sale Resolution
interest due hereon and for all other purposes whatsoever, and neither the City, nor the Note
Registrar nor the Paying Agent shall be affected by any notice to the contrary.
The Notes are issuable solely in the form of fully-registered Notes without coupons in the
denomination of$100,000 or any whole multiple of$100,000.
It is hereby further certified, recited and declared that all acts, conditions and things
essential to the validity of this Note exist, have happened and have been done, and that every
requirement of law affecting the issue thereof has been duly complied with, and that this Note is
within every debt and other limit prescribed by the Constitution and laws of the State of Utah.
The full faith, credit, resources and all taxable property within the limits of the City are hereby
irrevocably pledged to the levy of taxes for the Current Fiscal Year in which this Note is issued
and for the collection of and proper allocation of such taxes and other revenues provided for the
Current Fiscal Year to the prompt payment of principal of and interest on this Note and the issue
of which it is one,according to its terms.
This Note shall not be valid until the Certificate of Authentication hereon shall have been
manually signed by the Note Registrar.
IN WITNESS WHEREOF,the City has executed this Note by causing it to be signed by its
Mayor, countersigned by its City Treasurer and attested and countersigned by its City Recorder,
and has caused the official seal of the City to be impressed hereon,all as of the Dated Date.
SALT LAKE CITY,UTAH
By
Mayor
COUNTERSIGN:
By
City Treasurer
ATTEST AND COUNTERSIGN:
By
City Recoi der
[SEAL]
APPROVED AS TO FORM:
Senior City Attorney
C-3 Note Sale Resolution
[FORM OF NOTE REGISTRAR'S CERTIFICATE OF AUTHENTICATION]
This Note is one of the Notes described in the within-mentioned Note Resolution and is
one of the Tax and Revenue Anticipation Notes, Series 2011,of Salt Lake City, Utah.
Salt Lake City Treasurer,as
Note Registrar and Paying Agent
Date of registration and authentication: ,2011.
C-4 Note Sale Resolution
[FORM OF ASSIGNMENT]
The following abbreviations, when used in the inscription on the face of the within Note,
shall be construed as though they were written out in full according to applicable laws or
regulations.
TEN COM — as tenants in common UNIF TRANS MIN ACT —
TEN ENT — as tenants by the Custodian
entireties (Gust) (Minor)
JT TEN — as joint tenants with right under Uniform Transfers to Minors Act of
of survivorship and not as
tenants in common (State)
Additional abbreviations may also be used though not in the above list.
FOR VALUE RECEIVED the undersigned hereby sells,assigns and transfers unto
Insert Social Security or Other
Identifying Number of Assignee
(Please Print or Typewrite Name and Address of Assignee)
the within Note of SALT LAKE CITY, UTAH, and hereby irrevocably constitutes and appoints
attorney to register the transfer of said Note on the books kept for registration thereof, with full
power of substitution in the premises.
Dated: Signature:
SIGNATURE GUARANTEED:
NOTICE: Signature(s) must be guaranteed by an "eligible guarantor institution" meeting the
requirements of the Note Registrar, which requirements include membership or participation in
STAMP or such other "signature guarantee program" as may be determined by the Note
Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities and
Exchange Act of 1934,as amended.
NOTICE: The signature to this assignment must correspond with the name as it appears upon the
face of the within Note in every particular, without alteration or enlargement or any change
whatever.
C-S Note Sale Resolution
EXHIBIT D
[ATTACH FORM OF CERTIFICATE OF DETERMINATION]
D-1 Note Sale Resolution
(Other business not pertinent to the above appears in the minutes of the meeting.)
Upon the conclusion of all business and upon motion duly made and carried, the meeting
of the City Council was adjourned•
SALT LAKE CITY,UTAH
Chair, ity Council
[SEAL
ATTEST'
putt' City Recorder
- 6 - TRANs Note Resolution Minutes
STATE OF UTAH }
}
COUNTY OF SALT LAKE )
I, Scott Crandall, a duly qualified Deputy City Recorder of Salt Lake City, Utah (the
"City"), do hereby certify, according to the records of said City in my official possession, that
the foregoing is a full, true and correct copy of the extracts of minutes of a regular public
meeting of the City Council of the City (the "City Council") held on June 14, 2011, including a
resolution adopted at the meeting, as recorded in the regular official book of minutes of the
proceedings of the City Council kept in my office, that all members were given due, legal and
timely notice of said meeting, that the meeting therein shown was in all respects called, held and
conducted in accordance with law and in full conformity therewith, and that the persons therein
named were present at the meeting,as therein shown.
IN WITNESS WHEREOF, I have hereunto subscribed my official signature and impressed
1
hereon the official seal of Salt Lake City, Utah,this 1 day of June, l.
tiP+T'�C;r1\
D uty City Recorder
al fit_; Salt Lake City, Utah
RM
-7 - TRANS Note Resolution Minutes
Salt Lake City,Utah
June 14,2011
The City Council (the "City Council") of Salt Lake City, Utah (the "City"), met in
regular public session on June 14, 2011, at the regular meeting place of the City Council in the
Council Chambers, Room 315 in the City and County Building, 451 South State Street, in Salt
Lake City, Utah, at 7:00 p.m., due, legal and timely notice of the meeting having been given to
all members as required by law.
The meeting was duly called to order by Carlton J. Christensen, who was conducting the
meeting,with the following members of the City Council being present,constituting a quorum of
the City Council:
Jill Remington Love Chair
Stan Penfold Council Vice Chair
Carlton J.Christensen Councilmember
Luke Garrott Councilmember
JT Martin Councilmember
Soren Simonsen Councilmember
Van Blair Turner Councilmember
Absent: None.
There were also present:
Ralph Becker Mayor
Edwin P.Rutan H City Attorney
Scott Crandall Deputy City Recorder.
3021025.01.02.doc
8703753/RDB/mo TRANS Note Resolution Minutes
The Deputy City Recorder presented to the City Council an affidavit evidencing the
giving of not less than twenty-four (24) hours' public notice of the agenda, date, time, and place
of the June 14, 2011 regular meeting of the City Council in compliance with the requirements of
Section 52-4-202, Utah Code Annotated 1953, as amended, by (1) posting written notice of the
meeting at the principal office of the City Council, (2) providing notice to at least one newspaper
of general circulation within the geographic jurisdiction of the City, or to a local media
correspondent and (3) posting written notice of the meeting on the Utah Public Notice Website.
The affidavit was ordered recorded in the minutes of the meeting and is as follows:
- 2 - TRANs Note Resolution Minutes
STATE OF UTAH )
}
COUNTY OF SALT LAKE )
I, Scott Crandall, a duly qualified Deputy City Recorder of Salt Lake City, 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 52-4-202, 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 June 14, 2011, regular public
meeting held by the City Council of the City (the "City Council"), by;
(a) causing a Notice of Public Meeting to be posted at the principal office of
the City Council at Room 325, City and County Building,451 South State Street, in Salt
Lake City, Utah, on June 10, 2011, at least twenty-four (24) hours before the convening
of the meeting, in the form attached hereto as Exhibit A; said Notice of Public Meeting
having continuously remained so posted and available for public inspection during
regular office hours until the convening of the meeting;
(b) causing a copy of the Notice of Public Meeting in the form attached hereto
as Exhibit A to be provided on June 10, 2011, at least twenty-four (24) hours before the
convening of the meeting,to The Salt Lake Tribune and the Deseret News, newspapers of
general circulation within the geographic jurisdiction of the City; and
(c) causing a Notice of Public Meeting to be posted on June 13, 2011, on the
Utah Public Notice Website, in the form attached hereto as Exhibit B, at least twenty-four
(24) hours before the convening of the meeting.
- 3 - TRANs Note Resolution Minutes
IN WITNESS WHEREOF, I have hereunto subscribed r ficial signature and impressed
hereon the official seal of Salt Lake City, Utah,this - h day of un I .
puty City Recorder
�� •� Salt Lake City,Utah
- 4- TRANs Note Resolution Minutes
ExmBiT A
[ATTACH COPY OF MEETING NOTICE]
A-1 TRANs Note Resolution Minutes
ExAIBIT B
[ATTACH COPY OF NOTICE OF PUBLI.0 MEETING ON UTAH PUBLIC NOTICE WEBSITE]
B-1 TRANs Note Resolution Minutes
Public Meeting Notice 6/14/11 8:50 AM
PUBLIC
NOTICE
WEBSITE
Entity: Salt Lake City
Public Body: Salt Lake City Council
Subject: Public Meetings
Notice Title: Salt Lake City Council Meeting
451 South State Street
Meeting Location: Room 326
Salt Lake City 84111
Notice Date & Time: June 14, 2011
2:00 PM - 2:00 PM
Description/Agenda:
Salt Lake
City Council
City & County Building
451 South State Street
Salt Lake City, Utah
AGENDA
Tuesday, June 14, 2011
2 :00 p.m. Work Session (public is invited to listen
to the discussion)
7 : 00 p.m. Formal Meeting (public comment section is
included)
A. WORK SESSION: 2:00 p.m. in Room 326, City &
County Building, 451 South State St.
(Agenda items scheduled during the Council' s formal
meeting may be discussed during the work session.
Items from the following list that Council is
unable to complete in the work session from 2 :00
p.m. — 6 :30 p.m. may be addressed in a work session
setting following the consent agenda. )
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PWk Meeting Notice 6/14111 8.50 AM
1. Report of the Executive Director, including
a review of Council information items and
announcements. ATTACHMENTS
2. The Council will receive a briefing
regarding an ordinance amending Section 18.44.020
of the Salt Lake City Code to enact an amendment to
the city's regulations relating to the
International Fire Code. This ordinance clarifies
the City Fire Marshall's Authority to regulate the
use of incendiary devices (fireworks, lighters,
matches and smoking materials) in wildlands and
other designated areas to reduce the threat of
fire. (Item F-1) ATTACHMENTS
3. The Council will continue a discussion with
Council Staff regarding unresolved issues relating
to the recommended budget for salt Lake city, Utah
for Fiscal Year 2011-2012. ATTACHMENTS
4. The Council will receive a follow-up
briefing regarding Budget Amendment No. 4 for
Fiscal Year 2010-2011. (Budget Amendment No. 4
contains proposed adjustments, as suggested by the
Administration and Council. Budget amendments are
adjustments / changes / additions to the annual
budget.) Two of the items may also be discussed
during agenda item A-5. (Item D-1)
• Initiative A-6: Request to fund 900 South
Corridor Trail and Bike Lanes
• I Initiative A-11: Request funding for Phase
I Pilot program — 200 South Bicycle Corridor — U of
U to Downtown
ATTACHMENTS
CONTINUED ON NEXT PAGE
5. The Council will receive a briefing
regarding the Mayor's recommended budget relating
to the City's Capital Improvement Program (CIP) for
Fiscal Year 2011-2012. Capital improvements involve
the construction, purchase or renovation of
buildings, parks, streets or other physical
structures. Generally, projects have a useful life
of five or more years and cost $50,000 or more.
ATTACHMENTS
6. (TENTATIVE) The Council will receive a
second update regarding the Legislative Intent
Statements from Fiscal Year 2010-2011, Interim
Study items and discuss possible Legislative Intent
statements for the Fiscal Year 2011-2012.
Legislative Intent Statements, adopted by the
Council at the start of each fiscal year, identify
the Council's policy direction for projects or
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Public Meeting Notice 6/14/11 8:50AM
items related to the budget in the term ahead and
how they might best serve the needs of Salt Lake
City residents. ATTACHMENTS
7. (TENTATIVE) The Council will consider a
motion to enter into Closed Session, in keeping
with Utah Code 5 52-4-204, for any of the following
purposes:
a) A strategy session to discuss collective
bargaining, pursuant to Utah Code § 52--4-205
(1) (b) ;
b) A strategy session to discuss the
purchase, exchange, or lease of real property
(including any form of water right or water shares)
when public discussion of the transaction would
disclose the appraisal or estimated value of the
property under consideration or prevent the City
from completing the transaction on the best
possible terms, pursuant to Utah Code § 52-4-
205( 1) (d) ;
c) A strategy session to discuss pending or
reasonably imminent litigation, pursuant to Utah
Code § 52-4-205(1) (c) ;
d) A strategy session to discuss the sale
of real property (including any form of water right
or water shares) if (1) public discussion of the
transaction would disclose the appraisal or
estimated value of the property under consideration
or prevent the City from completing the transaction
on the best possible terms, (2) the City previously
gave notice that the property would be offered for
sale, and (3) the terms of the sale are publicly
disclosed before the City approves the sale;
e) For attorney-client matters that
are privileged, pursuant to Utah Code § 78B-1-137;
and
f) A strategy session to discuss deployment
of security personnel, devices or systems pursuant
to Utah Code Section 52-4-205( 1) (f) .
FORMAL MEETING
B. OPENING CEREMONY: 7: 00 p.m. in Room 315,
City & County Building, 451 South State St.
Council Member Carlton Christensen will conduct the
Formal Council Meetings during the month of June.
1. Pledge of Allegiance.
C. PUBLIC HEARINGS:
(None)
D. POTENTIAL ACTION ITEMS:
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Public Meeting Notice 6/14/11 8:50 AM
1. Ordinance: Budget Amendment No. 4 Fiscal Year
2010-11
Consider adopting an ordinance amending Salt Lake
City Ordinance No. 34 of 2010, which adopted the
final budget of Salt Lake City, Utah, for the
Fiscal Year beginning July 1, 2010 and ending June
30, 2011. ATTACHMENTS
(B 11-6)
Staff Recommendation: Consider options.
2. Ordinance: Adopt the City Budget, excluding the
budget for the Library Fund which is separately
adopted, and the Employment Staffing Document of
Salt Lake City, Utah for Fiscal Year 2011-2012
Consider adopting an ordinance adopting the
final budget and related ordinances, excluding the
budget for the Library Fund, which is separately
adopted, and the employment staffing document for
Salt Lake City, Utah for Fiscal Year 2011-2012.
(Note: The Council held a combined Public
Hearing on items D2-➢18 that addressed issues
associated with the 2011-2012 Budget, including the
Library Fund, on Tuesday, May 17, 2011 and Tuesday,
June 7, 2011.)
(B 11-1)
BUDGET RELATED ORDINANCES
RELATED CITY COUNCIL STAFF REPORTS
staff Recommendation: consider options.
3. ordinance: Adopt the Library Fund of Salt
Lake City, Utah for Fiscal Year 2011-2012
Consider adopting an ordinance adopting the budget
for the Library Fund of Salt Lake City, Utah for
Fiscal Year 2011-2012.
(B 11-2)
Staff Recommendation: Consider options.
4. Ordinance: Adopt the Rate of Tax Levy to be
credited to the Library fund for Fiscal Year 2011-
2012
Consider adopting an ordinance adopting the
Rate of Tax Levy, including a one-year judgment
levy, to be credited to the Library fund for
Fiscal Year 2011-2012.
(B 11-2)
Staff Recommendation: Consider options.
5. Ordinance: Adopt the Rate of Tax Levy,
including the levy for the Library Fund, upon all
real and personal property within Salt Lake City,
made taxable by law for Fiscal Year 2011-2012
Consider adopting an ordinance adopting the
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Public Meeting Notice 6/14/11 S:SO AM
rate of tax levy, including the levy for the
Library Fund, and including one-year judgment
levies for the General Fund and Library Funds, upon
all real and personal property within Salt Lake
City, made taxable by law for Fiscal Year 2011-
2012 .
Staff Recommendation: Consider options.
6. Ordinance: Approve Compensation Plan for
all Non-Represented Employees of Salt Lake City
Consider adopting an ordinance approving a
compensation plan for all non-represented employees
of Salt Lake City.
(0 11-10)
Staff Recommendation: Consider options.
7. Ordinance: Approve Memorandum of
Understanding, between Salt Lake City Corporation
and the American Federation of State, County, and
Municipal Employees, representing eligible
employees pursuant to the Collective Bargaining and
Employee Representation Joint Resolution dated
March 22, 2011
Consider adopting an ordinance approving
Memorandum of Understanding, between Salt Lake City
Corporation and the American Federation of State,
County, and Municipal Employees, representing
eligible employees pursuant to the Collective
Bargaining and Employee Representation Joint
Resolution dated March 22, 2011, which shall become
effective on proper ratification and signature.
(0 11-11)
Staff Recommendation: Consider options.
B. Ordinance: Appropriating Necessary Funds to
Implement the Provisions of the Memorandum of
Understanding, Between Salt Lake City Corporation
and Local 1004 (AFSCME)
Consider adopting an ordinance appropriating
necessary funds to implement, for Fiscal Year 2011-
2012 , the provisions of the Memorandum of
Understanding dated on or about
, 2011 between Salt Lake City
Corporation and the American Federation of State,
County and Municipal Employees (AFSCME) ,
representing eligible employees pursuant to the
collective bargaining and employee representation
joint resolution dated March 22, 2011 .
(0 11-11)
Staff Recommendation: Consider options.
9 . Ordinance: Appropriating necessary funds to
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Public Meeting Notice 6114111 8:S0 AM
implement the provisions of the Memorandum of
Understanding, between Salt Lake City Corporation
and local 1645 of the International Association of
Firefighters (IAFF) representing the "400 Series"
Firefighters and Fire Captains in the Salt Lake
City Fire Department
Consider adopting an ordinance appropriating
necessary funds to implement, for Fiscal Year 2011-
2012, the provisions of the Memorandum of
Understanding between Salt Lake City Corporation
and Local 1645 of the International Association of
Firefighters (IAFF), representing the 11400 Series"
Firefighters and Fire Captains, dated on or about
June 15, 2009.
(a 09-18)
Staff Recommendation: Consider options.
10. Ordinance: Appropriating necessary funds to
implement a wage schedule covering the "500 Series
City Employees" for fiscal year 2011-2012, and the
provisions of the memorandum of understanding
between Salt Lake City Corporation and the Salt
Lake Police Association, Local 75 (SLPA),
representing these employees.
Consider adopting an ordinance
appropriating necessary funds to implement a wage
schedule covering the "50o Series City Employees"
for fiscal year 2011-2012, and the provisions of
the Memorandum of Understanding between Salt Lake
City Corporation and the Salt Lake Police
Association, Local 75 (SLPA), representing these
employees dated on or about June 18, 2010.
(O 09-19)
Staff Recommendation: Consider options.
11. ordinance: Amending Chapters 5.04, 5.14 and
5.15 Regarding the Landlord/Tenant Initiative
Program
Consider adopting an ordinance amending
Chapters 5.04, 5.14 and 5.15, Salt Lake City Code,
to modify landlord/tenant program regulations.
(O 09-39)
Staff Recommendation: consider options.
12. Ordinance: Adopting Disproportionate Fee Study
relating to the Landlord/ Tenant Initiative Program
Consider adopting an ordinance adopting
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Public Meeting Notice 6/14/11 8:50AM
Disproportionate Fee Study relating to the
Landlord/ Tenant Initiative Program as provided in
Ordinance No. 74 of 2009 .
(O 09-39)
Staff Recommendation: Consider options.
13 . Ordinance: Repealing Section 5 . 04 . 160, Salt
Lake City Code, "Innkeeper Tax," and enacting a new
Section 5 . 04 . 160, "Municipality Transient Room Tax"
Consider adopting an ordinance repealing
Section 5 . 04 .160 Salt Lake City Code, "Innkeeper
License Tax, " and enacting a new section 5 . 04.160
"Municipality Transient Room Tax, " to conform with
state law.
(0 09-34)
Staff Recommendation: Consider options.
14. Ordinance: Amending Section 17 .81.200 and
17. 61.500 (A) , Salt Lake City Code, relating to
stormwater rates and appeal of charges
Consider adopting an ordinance amending
Section 17 .81.200 and 17 . 81.500 (A) , Salt Lake City
Code, relating to stormwater rates and appeal of
charges. (Establishing a new $0.25 fee per billing
unit for use toward projects in the City's riparian
corridors. ) (Item C-18)
(0 09-24)
Staff Recommendation: Consider options.
15 . Ordinance: Amending Sections 17. 16 . 670 and
17.16.680 and repealing Table 17 . 16.670, Salt Lake
City Code, relating to water rates
Consider adopting an ordinance amending
Sections 17.16. 670 and 17 .16.680 and repealing
Table 17. 16.670, Salt Lake City Code, relating to
water rates. (Increasing the fee to $1 .50 per water
account for funding of Watershed Land and water
Rights purchases. )
(Item C-18)
(O 11-13)
Staff Recommendation: Consider options.
16. Ordinance: Fire Suppression and Monitoring
Equipment Inspection Fees
Consider adopting regarding an ordinance
enacting 18 .44 . 030, Salt Lake City Code, and
amending 18 .32. 035, Salt Lake City Code, relating
to Fire Suppression and Monitoring Equipment
Inspection Fees . (This ordinance sets the fees paid
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Public Meeting Notice 6/14/11 8:50 AM
for the inspections of fire suppression systems -
sprinklers, smoke detectors, fire alarms etc. -
when applying for a new business license). (Item C-
18)
(O 10-4)
Staff Recommendation: Consider options.
17. Ordinance: Amending Section 5.04.070,
5.90.010 and 5.90.020, Salt Lake City Code,
revising business license fees and certain fee
categories
Consider adopting an ordinance amending
Section 5.04.070, 5.90.010 and 5.90.020, Salt Lake
City Code, increasing the base license fee,
increasing regulatory and disproportionate license
fees, and renaming and consolidating certain
classes and subclasses of businesses. (Item C-18)
(O 11-14)
Staff Recommendation: Consider options.
18. Ordinance: Amending the Salt Lake City
Consolidated Fee Schedule
Consider amending and adopting the Salt Lake
City Consolidated Fee Schedule to reflect changes
related to:
• Proposed increases in parking meter rates.
(0 05-14)
• Proposed increases in parking meter bagging
fees. (0 11-15)
• Stormwater rates and appeal of charges. (0
09-24)
• Water rates. (0 11-13)
• Establishing a base license fee for rental
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Public Meeting Notice 6/14/11 8:50 AM
dwelling buildings containing two or fewer units.
(O 09-39)
• Increasing existing Fire Suppression and
Monitoring Equipment Inspection Fees. (0 10-4 )
• Business license fee increases — including
base license fee, increasing regulatory and
disproportionate license fees, and renaming and
consolidating certain classes and subclasses of
businesses . (0 11-14)
• Housekeeping relating to other existing
City fees.
On May 17, 2011 the Council adopted the Salt Lake
City Consolidated Fee Schedule which transferred
City fee provisions from the City Code into a
single document organized by department and/or
function. The primary intent of this change is to
make City fee information transparent and readily
available to the public. When adopted by the
Council, the amended Salt Lake City Consolidated
Fee Schedule will include fiscal year 2012 budget
changes to City fees.
(0 11-9)
Staff Recommendation: Consider options.
E. COMMENTS:
1. Questions to the Mayor from the City Council.
2 . Comments to the City Council. (Comments are
taken on any item not scheduled for a public
hearing, as well as on any other City business.
Comments are limited to two minutes . )
F. NEW BUSINESS:
1. Ordinance: Amendment to International Fire Code
Consider adopting an ordinance amending Section
18 .44.020 of the Salt Lake City Code to enact an
amendment to the City's regulations relating to
International Fire Code. ATTACHMENTS
(0 11-12 )
Staff Recommendation: Adopt.
G. UNFINISHED BUSINESS:
1. Resolution: Tax and Revenue Anticipation Notes,
Series 2011
Consider adopting a resolution authorizing the
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Public Meeting Notice 6114/11 8:50 AM
issuance and confirming the sale of $19,000,000 Tax
and Revenue Anticipation Notes, Series 2011; and
providing for related matters.
(Salt Lake City issues Tax and Revenue Anticipation
Notes each year to assist with cash flow needs of
the General Fund. Property taxes, one of the City's
major sources of revenue, are primarily received in
December. The City normally borrows funds to cover
General Fund Operations in the months prior to
receiving property taxes.) ATTACHMENTS
(Q 11-3)
Staff Recommendation: Adopt.
H. CONSENT:
1. Board Reappointment: Katherine Lewis, Land Use
Appeals Board.
Consider approving the reappointment of Katherine
Lewis to the Land Use Appeals Board for a term
extending through December 31, 2012.
(Q 11-14)
Staff Recommendation: Approve.
2. Board Reappointment: Elizabeth Barlow
Gupta, Library Board.
Consider approving the reappointment of Elizabeth
Barlow Gupta to the Library Board for a term
extending through June 30, 2014.
(I 11-14)
Staff Recommendation: Approve.
3. Board Reappointment: Emilie Charles, Library
Board.
Consider approving the reappointment of Emilie
Charles to the Library Board for a term extending
through June 30, 2014.
(I 11-3)
Staff Recommendation: Approve.
4. Board Reappointment: Luana Chilelli, Library
Board.
consider approving the reappointment of Luana
Chilelli to the Library Board for a term extending
through June 30, 2014.
(1 11-3)
Staff Recommendation: Approve.
I. ADJOURNMENT:
Dated: June 10, 2011
By:
City Recorder
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Public Meeting Notice 6/14111 6:50 AM
STATE OF UTAH )
ss.
COUNTY OF SALT LAKE )
On or before 5:00 p.m. on June 10, 2011, I also
personally ( 1) posted a copy of the foregoing on
the Utah Publib Notice Website created under Utah
Code Section 63F-1-701, and (2) provided a copy of
the foregoing to The Salt Lake Tribune or the
Deseret News and to a local media correspondent.
City Recorder
Subscribed and sworn to before me this 10th
day of June, 2011.
Notary Public residing in the State of Utah
Approval:
Executive Director
Access agendas at
http://www.slcgov.com/council/agendas/default.htm.
People with disabilities may make requests for
reasonable accommodation no later than 48 hours in
advance of council meetings. We make every effort
to honor these requests, and they should be made as
early as possible. Accommodations may include
alternate formats, interpreters, and other
auxiliary aids. The City and County Building is an
accessible facility. For questions or additional
information, please contact the City Council Office
at 535-7600, or TDD 535-6021. Assistive listening
devices are available on Channel I; upon four hours
advance notice. Please allow 72 hours advance
notice for sign language interpreters; large type
and #2 Braille agendas. *Final action may be taken
and/or adopted concerning any item on this agenda.
After 5:00 p.m. , please enter the City & County
Building through the east entrance. Accessible
route is located on the east side of the building.
In accordance with State Statute, City Ordinance
and Council Policy, one or more Council Members may
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Public Meeting Notice 6/14111 8:50 AM
Access agendas at
http://www.stcgov.conVcouncil/agendas/de.fault.htm.People
with disabilities may make requests for reasonable
accommodation no later than 48 hours in advance of council
meetings.We make every effort to honor these requests,and
they should be made as early as possible.Accommodations
may include alternate formats,interpreters,and other auxiliary
aids.The City and County Building is an accessible facility.
Notice of Special For questions or additional information,please contact the City
Accommodations: Council Office at 535-7600,or TDD 535-6021.Assistive
listening devices are available on Channel I;upon four hours
advance notice.Please allow 72 hours advance notice for sign
language interpreters;large type and#2 Braille agendas.*Final
action may be taken and/or adopted concerning any item on
this agenda.After 5:00 p.m.,please enter the City&County
Building through the east entrance.Accessible route is located
on the east side of the building.In accordance with State
Statute,City Ordinance and Council Policy,
Notice of Electronic or :One or more Council Members may be connected via
telephone participation: speakerphone
Other information:
Salt Lake City Council Office
Contact Information: 8015357600
councit.comments@sicgov.com
Posted on: June 13,2011 10:31 AM
Last edited on: June 13,2011 10:31 AM
Prinieu from Ufah's Pubiic Notice Website(http://pmn.utari.govn
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