R-015-2019 - Interlocal Agreement; Block 67 North Community Reinvestment Project Area R 19-2
REDEVELOPMENT AGENCY OF SALT LAKE CITY
RESOLUTION NO. R-15-2019
Interlocal Agreement with Salt Lake City Authorizing Use of a Portion of Tax Increment
for the Block 67 North Community Reinvestment Project Area
RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY
OF SALT LAKE CITY AUTHORIZING EXECUTION OF AN INTERLOCAL AGREEMENT
WITH SALT LAKE CITY FOR A PORTION OF TAX INCREMENT FOR THE BLOCK 67
NORTH COMMUNITY REINVESTMENT PROJECT AREA
WHEREAS, pursuant to Chapter 5, Community Reinvestment, of Title 17C of the Utah
Code(the"Act"),the RDA may approve a Community Reinvestment Project Area for the purpose
of supporting community revitalization within a designated project area.
WHEREAS, the Board of Directors of the Redevelopment Agency of Salt Lake City (the
"Agency")approved the Block 67 North Project Area("Project Area")to facilitate the capture of
tax increment within the boundaries of the Project Area.
WHEREAS, tax increment will be utilized to carry out community reinvestment activity
that will catalyze private development within the Project Area.
WHEREAS, the Agency desires to execute an interlocal agreement with Salt Lake City
Corporation("City")in which the City will consent to the Agency being paid a portion of its share
of the tax increment from the Project Area.
THEREFORE, BE IT RESOLVED by the Board of Directors of the Redevelopment
Agency of Salt Lake City:
(a) It does hereby approve the execution and delivery of the following:
AN INTERLOCAL COOPERATION AGREEMENT BETWEEN SALT LAKE CITY
CORPORATION AND THE REDEVELOPMENT AGENCY OF SALT LAKE CITY [BLOCK
67 NORTH TAX INCREMENT], EFFECTIVE ON THE DATE IT IS SIGNED BY ALL
PARTIES.
(b) Jacqueline M. Biskupski, Executive Director of the Agency or her designee is hereby
authorized to approve, execute, and deliver said agreement on behalf of the Agency, in
substantially the same form as now before the Agency Board of Directors and attached
hereto as Exhibit A, subject to such minor changes that do not materially affect the rights
and obligations of the Agency thereunder and as shall be approved by the Executive
Director,her execution thereof to constitute conclusive evidence of such approval.
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Passed by the Board of Directors of the Redevelopment Agency of Salt Lake City,this
24th day of September 52019
Amy F viler, Ch
Transmitted to the Executive Director on:
The Executive Director:
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does not request reconsideration
requests reconsideration at the next regular Agency meeting.
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Jacque Tine M. Biskupski,Executive Director
Approved as to form: �,OPME�/T
Salt Lake City Attorney's Office ew��C�pPOq,�rF c�2
SEAL
Katherine N. Lewis
Date: - l9 ;'1 00d
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A
ity Recorder
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EXHIBIT A
[Attach Form Interlocal Agreement]
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