056 of 2011 - adopting the tentative budget for the Capital Projects Fund of the Local Building Authority for FY 2 R 11-1
B 11-9
Resolution No. 56 of 2011
(Adopting the Tentative Budget for the Capital Projects Fund of the Local Building
Authority of Salt Lake City, Utah for Fiscal Year 2011-2012)
A Resolution Adopting the Tentative Budget for the Capital Projects Fund of the
Local Building Authority of Salt Lake City, Utah,for remainder of the Fiscal Year
Beginning July 1, 2011 and Ending June 30, 2012.
PREAMBLE
WHEREAS,the Salt Lake City Council has created the Local Building Authority
of Salt Lake City, Utah(the`Building Authority"), and has appointed Gina Chamness as
the Budget Officer of the Building Authority(the "Budget Officer");
WHEREAS,the Budget Officer has filed with the Board of Directors (the
"Board") of the Building Authority a tentative budget for the capital projects fund of the
Building Authority; and
WHEREAS,the Board is required to review, consider and tentatively adopt the
tentative budget in a regular or special meeting called for that purpose; and
WHEREAS,the tentative budget adopted by the Board and all supporting
schedules and data shall be a public record in the office of the Secretary of the Building
Authority, available for public inspection for a period of at least ten days before the
adoption of the final budget; and
WHEREAS, at the meeting in which the tentative budget for the capital projects
fluid is adopted, the Board shall establish the time and place of a public hearing to
consider the adoption and shall order that notice thereof be published at least seven days
before the hearing (a) in at least one issue of a newspaper of general circulation published
in Salt Lake County,Utah and(b) on the Utah Public Notice Website created in Utah
Code Section 63F-1-701.
NOW, THEREFORE,be it resolved by the Board of Directors of the Local
Building Authority of Salt Lake City,Utah, as follows:
1. The tentative budget for the capital projects fund of the Building Authority
for remainder of the fiscal year 2011-2012, filed by the Budget Officer with the Board, is
hereby adopted as the Building Authority's tentative budget for the capital projects fund
and is ordered to be filed and maintained as a public record, available for public
inspection in the office of the Secretary of the Building Authority, City and County
Building,451 South State Street, Room 415, Salt Lake City, Utah, until adoption of the
final budget.
2. The Board shall hold a public hearing on the budget tentatively adopted.
The public hearing shall be held at 7:00 p.m. on December 6, 2011 at the City Council
Chambers, City& County Building, 451 South State Street, Room 315, Salt Lake City,
Utah. Notice of the public hearing shall be published at least seven days before the
hearing (a) in at least one issue of a newspaper of general circulation published in Salt
Lake County, Utah and(b) on the Utah Public Notice Website created in Utah Code
Section 63F-1-701. At the public hearing the Board shall give all interested persons in
attendance an opportunity to be heard on the estimates of revenues and expenditures or
any item in the tentative budget of the capital projects fund.
3. This Resolution shall take effect immediately upon its approval and adoption.
2
Passed by the Board of Directors of the Local Building Authority of Salt Lake
City, Utah, this 22 day of November , 2011.
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PRESIDENT
ATTEST;
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H13_ATTY-#19922-vl-Local_building_authority budget_establishment_201 LDOC
APPROVED AS TO FORM
Salt Lake City AttomeYs Oiftao
Date -zz
By
3
Tenative Budget
Salt Lake City Local Building Authority,FY 2011-12
Capital Projects Fund
Revenue from Bond Proceeds: 615,000
66- New Cost Center 1980
Expenses--property purchase 615,000
66- New Cost Center 2700
Difference -
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