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008 of 2016 - Housing Authority of SL County to exercise powers within the boundaries of Salt Lake City R 16-1 R 16-2 RESOLUTION NO. 8 OF 2016 A resolution declaring there is a need for the Housing Authority of the County of Salt Lake to exercise its powers within the boundaries of Salt Lake City. WHEREAS, the Housing Authority of the County of Salt Lake (the "Authority") was created pursuant to the provisions of Title 35A, Chapter 8, Part 401, Utah Code Annotated, as amended (the "Act"); and WHEREAS, the Act authorizes the Authority to prepare, carry out, and operate projects and provide for the acquisition, construction, reconstruction, rehabilitation, improvement, extension, alteration or repair of any project within its area of operation; and WHEREAS, the Act provides that the Authority's area of operation shall include Salt Lake City only if a resolution has been adopted by the governing body of Salt Lake City Corporation (the "City") declaring that there is need for the Authority to exercise its powers within the boundaries of the City. WHEREAS, there is a presently a need for the Authority to exercise its powers at a specific location (the "Project") also known as the Bodhi Apartment Project located at 750 West South Temple in Salt Lake City. NOW, THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF SALT LAKE CITY, UTAH, AS FOLLOWS: Section 1. Words used in the foregoing recitals shall have the same meanings when used in the body of this resolution. Section 2. The City hereby finds, determines and declares that there is a need for the Authority to exercise its powers within the boundaries of the City in order that the Authority may provide rental assistance, and prepare, carry out, and operate projects and provide for the acquisition, construction, reconstruction, rehabilitation, improvement, extension, alteration or repair of the Project. Section 3. This resolution shall become effective immediately upon its adoption. Passed by the Salt Lake City Council this 15 day of March , 2016. SALT LAKE CITY COUNCIL y '(,�\ff CHAI 15ERSON ATTEST: "': �', ' i APPROVED AS TO FORM *° . ';j!' ' ! Salt Lake City Attorneys Office 2y,•• 0 • •... ..•' v Date: = 4% °RATES TY RE •RDE' ' ``��.���.��� By: i/P71 fZ Jayse i Oldro d,Senior City Attorney HB_ATTY-N50966-v2-Salt Lake_County_Housing_Authority_Resolution -_2-9-I6.DOC