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012 of 2022 - Public Utilities Revenue Bonds, Series 20224870-5556-1238, v. 4 Salt Lake City, Utah May 3, 2022 The City Council (the “Council”) of Salt Lake City, Utah (the “City”), met in regular session at the regular meeting place of the Council in Salt Lake City, Utah, at 7:00 p.m. on Tuesday, May 3, 2022, with the following members present: Present: Dan Dugan Chair Darin Mano Vice Chair Amy Fowler Council Member Victoria Petro-Eschler Council Member Alejandro Puy Council Member Ana Valdemoros Council Member Chris Wharton Council Member There were also present: Erin Mendenhall Mayor Katherine N. Lewis City Attorney Absent: After the meeting had been duly called to order and after other matters not pertinent to this Resolution had been discussed, a Certificate of Compliance with Open Meeting Law with respect to this May 3, 2022 meeting was presented to the Council, a copy of which is attached hereto. The following resolution was then introduced in written form, was fully discussed, and pursuant to motion duly made by Council Member ______________ and seconded by Council Member _________________, was adopted by the following vote: AYE: NAY: The resolution is as follows: Darin Mano Chris Wharton Amy Fowler, Ana Valdemoros, Chris Wharton, Daniel Dugan, Darin Mano, Alejandro Puy, Victoria Petro-Eschler 4870-5556-1238, v. 4 2 RESOLUTION NO. _____ A RESOLUTION OF THE CITY COUNCIL OF SALT LAKE CITY, UTAH (THE “ISSUER”), AUTHORIZING THE ISSUANCE AND SALE OF NOT MORE THAN $360,000,000 AGGREGATE PRINCIPAL AMOUNT OF PUBLIC UTILITIES REVENUE BONDS, SERIES 2022; FIXING THE MAXIMUM AGGREGATE PRINCIPAL AMOUNT OF THE BONDS, THE MAXIMUM NUMBER OF YEARS OVER WHICH THE BONDS MAY MATURE, THE MAXIMUM INTEREST RATE WHICH THE BONDS MAY BEAR, AND THE MAXIMUM DISCOUNT FROM PAR AT WHICH THE BONDS MAY BE SOLD; PROVIDING FOR THE PUBLICATION OF A NOTICE OF PUBLIC HEARING AND BONDS TO BE ISSUED; PROVIDING FOR THE RUNNING OF A CONTEST PERIOD; AUTHORIZING THE EXECUTION BY THE ISSUER OF A SUPPLEMENTAL INDENTURE, A BOND PURCHASE CONTRACT, AND OTHER DOCUMENTS REQUIRED IN CONNECTION THEREWITH; APPROVING AN OFFICIAL STATEMENT; AUTHORIZING THE TAKING OF ALL OTHER ACTIONS NECESSARY TO THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS RESOLUTION; AND RELATED MATTERS. WHEREAS, pursuant to the provisions of the Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended (the “Bond Act”), Salt Lake City, Utah (the “Issuer”), is authorized to issue public utilities revenue bonds (to be issued in one or more series and with such other series or title designation(s) as may be determined by the Issuer) payable from the net revenues of its existing water, sewer, storm drain and street lighting systems (collectively, the “System”) for the municipal purposes set forth therein; and WHEREAS, subject to the limitations set forth herein, the City Council of the Issuer the “Council”) desires to authorize the issuance of the Issuer’s Public Utilities Revenue Bonds, Series 2022 (the “Series 2022 Bonds”) to (a) finance water and sewer improvements to the System (the “Project”) and (b) pay costs of issuance of the Series 2022 Bonds, pursuant to this Resolution, the Bond Act, a Master Trust Indenture, dated as of January 1, 2004, as heretofore amended and supplemented (the “Master Indenture”), between the Issuer and U.S. Bank Trust Company, National Association (formerly known as U.S. Bank National Association), as trustee (the “Trustee”), and a Supplemental Indenture to be entered into between the Issuer and the Trustee (the “Supplemental Indenture” and collectively with the Master Indenture, the “Indenture”), in substantially the form presented to the meeting at which this Resolution was adopted and which is attached hereto as Exhibit B; and WHEREAS, the Bond Act provides that prior to issuing bonds, an issuing entity must (a) give notice of its intent to issue such bonds and (b) hold a public hearing to receive input from the public with respect to (i) the issuance of the bonds and (ii) the potential 12 4870-5556-1238, v. 4 3 economic impact that the improvement, facility or property for which the bonds pay all or part of the cost will have on the private sector; and WHEREAS, the Council desires to call a public hearing for this purpose and to publish a notice of such hearing with respect to the Series 2022 Bonds; and WHEREAS, the Council desires to approve and authorize the execution of a Bond Purchase Contract (the “Bond Purchase Contract”), to be entered into between the Issuer and the underwriter(s) or the purchaser(s) selected by the Issuer for the Series 2022 Bonds the “Underwriter/Purchaser”), in substantially the form attached hereto as Exhibit C; and WHEREAS, in the event that the Designated Officers (defined below) determine that it is in the best interests of the Issuer to publicly offer the Series 2022 Bonds, the Issuer desires to authorize the use and distribution of a Preliminary Official Statement (the Preliminary Official Statement”), and to approve a final Official Statement (the “Official Statement”) in substantially the form attached hereto as Exhibit D, and other documents relating thereto; and WHEREAS, in order to allow the Issuer, in consultation with the Issuer’s Municipal Advisor, Stifel, Nicolaus & Company, Incorporated (the “Municipal Advisor”) flexibility in determining the method of sale and in setting the pricing date of the Series 2022 Bonds, the Council desires to grant to (a) the (i) Mayor of the Issuer; or (ii) in the event of the absence or incapacity of the Mayor, the Mayor’s Chief of Staff; or (iii) in the event of the absence or incapacity of both the Mayor and the Mayor’s Chief of Staff, the City Treasurer; or (iv) in the event of the absence or incapacity of the Mayor, the Mayor’s Chief of Staff and the City Treasurer, the Deputy Treasurer of the Issuer and (b) (i) the Chair of the Council; or (ii) in the event of the absence or incapacity of the Chair of the Council, the Vice Chair of the Council; or (iii) in the event of the absence or incapacity of both the Chair and Vice Chair of the Council, any other member of the Council (collectively, the Designated Officers”), the authority to select the Underwriter/Purchaser, to approve the final interest rates, principal amounts, terms, maturities, redemption features, and purchase price at which the Series 2022 Bonds shall be sold, to determine whether the Series 2022 Bonds should be sold and the method of sale, and to make any changes with respect thereto from those terms which were before the Council at the time of adoption of this Resolution, provided such terms do not exceed the parameters set forth for such terms in this Resolution the “Parameters”); NOW, THEREFORE, it is hereby resolved by the City Council of Salt Lake City, Utah, as follows: Section 1. For the purpose of financing the Project and paying costs of issuance of the Series 2022 Bonds, the Council hereby authorizes the issuance of the Issuer’s Series 2022 Bonds which shall be designated “Salt Lake City, Utah Public Utilities Revenue Bonds, Series 2022” (to be issued from time to time as one or more series and with such other series or title designation(s) as may be determined by the Issuer) in the initial aggregate principal amount of not to exceed $360,000,000. The Series 2022 Bonds shall mature in not more than thirty-one (31) years from their date or dates, shall be sold at a 4870-5556-1238, v. 4 4 price not less than ninety-eight percent (98%) of the total principal amount thereof, shall bear interest at a rate or rates not to exceed six percent (6%) per annum, and may be non- callable or subject to redemption, all as shall be approved by the Designated Officers in consultation with the Issuer’s Municipal Advisor, all within the Parameters set forth herein. Section 2. The Supplemental Indenture and the Bond Purchase Contract, in substantially the forms presented at this meeting and attached hereto as Exhibits B and C respectively, are hereby authorized, approved, and confirmed. The Mayor or the Mayor’s Chief of Staff as the Mayor’s designee (collectively referred to herein as the “Mayor”) are hereby authorized to execute and deliver and the City Recorder or Deputy City Recorder the “City Recorder”) to attest or countersign, the Supplemental Indenture and the Bond Purchase Contract, in substantially the forms and with substantially the content as the forms presented at this meeting for and on behalf of the Issuer, with final terms as may be established by the Designated Officers, in consultation with the Municipal Advisor, within the Parameters set forth herein, and with such alterations, changes or additions as may be necessary or as may be authorized by Section 4 hereof. The Designated Officers are each hereby authorized to select the Underwriter/Purchaser, to specify and agree as to the final principal amounts, terms, discounts, maturities, interest rates, redemption features, and purchase price with respect to the Series 2022 Bonds for and on behalf of the Issuer, provided that such terms are within the Parameters set by this Resolution. The execution of the Bond Purchase Contract by the Mayor and the approval of the Designated Officers of the terms included therein shall demonstrate the approval of the Designated Officers. Section 3. The Council hereby approves and authorizes the utilization of the Preliminary Official Statement in substantially the form attached hereto as Exhibit D in the marketing of the Series 2022 Bonds (as appropriate) and hereby approves the Official Statement in substantially the same form as the Preliminary Official Statement, with any necessary revisions and insertions to complete the same with the terms established for the Series 2022 Bonds. The Mayor is hereby authorized to cause the Official Statement to be delivered to the Underwriter/Purchaser evidencing its approval by the Issuer. Section 4. The appropriate officials of the Issuer are authorized to make any alterations, changes, deletions or additions to the Indenture, the Series 2022 Bonds, the Bond Purchase Contract, the Preliminary Official Statement, the Official Statement, or any other document herein authorized and approved which may be necessary to conform the same to the final terms of the Series 2022 Bonds (within the Parameters set by this Resolution), to conform to any applicable insurance or to remove the same, to correct errors or omissions therein, to complete the same, to remove ambiguities therefrom, or to conform the same to other provisions of said instruments, to the provisions of this Resolution or any resolution adopted by the Council or the provisions of the laws of the State of Utah or the United States. The execution thereof by the Mayor on behalf of the Issuer shall conclusively establish such necessity, appropriateness, and approval with respect to all such additions, modifications, deletions, and changes incorporated therein. Section 5. The form, terms, and provisions of the Series 2022 Bonds and the provisions for the signatures, authentication, payment, registration, transfer, exchange, redemption, and number shall be as set forth in the Indenture. The Mayor and City 4870-5556-1238, v. 4 5 Recorder are hereby authorized and directed to execute and seal the Series 2022 Bonds and to deliver said Series 2022 Bonds to the Trustee for authentication. The signatures of the Mayor and the City Recorder may be by facsimile or manual execution. Section 6. The appropriate officials of the Issuer are hereby authorized and directed to execute and deliver to the Trustee the written order of the Issuer for authentication and delivery of the Series 2022 Bonds in accordance with the provisions of the Indenture. Section 7. Upon their issuance, the Series 2022 Bonds will constitute special limited obligations of the Issuer payable solely from and to the extent of the sources set forth in the Series 2022 Bonds and the Indenture. No provision of this Resolution, the Indenture, the Series 2022 Bonds, the Bond Purchase Contract, the Preliminary Official Statement, or any other instrument, shall be construed as creating a general obligation of the Issuer, or of creating a general obligation of the State of Utah or any political subdivision thereof, or as incurring or creating a charge upon the general credit of the Issuer or its taxing powers. Section 8. The appropriate officials of the Issuer, and each of them, are hereby authorized and directed to execute and deliver for and on behalf of the Issuer any or all additional certificates, documents and other papers (including, without limitation, any reserve instrument guaranty agreements permitted by the Indenture) and to perform all other acts they may deem necessary or appropriate in order to implement and carry out the matters authorized in this Resolution and the documents authorized and approved herein. Section 9. Pursuant to Section 11-14-318 of the Bond Act, the Issuer shall hold a public hearing on May 17, 2022, to receive input from the public with respect to (a) the issuance of the Series 2022 Bonds, and (b) the potential economic impact that the improvements to be financed with the proceeds of the Series 2022 Bonds will have on the private sector. The Issuer has previously directed its officers and staff to post notice of such hearing on the Utah Public Notice Website created under Section 63A-16-601 Utah Code Annotated 1953, as amended, not less than fourteen (14) days prior to the hearing, in substantially the following form and the Issuer hereby ratifies the posting of such notice: NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN pursuant to the provisions of the Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended (the "Bond Act"), that on May 3, 2022, the City Council (the "Council") of Salt Lake City, Utah (the "Issuer"), is scheduled to consider the adoption of a resolution (the "Resolution") in which it will authorize the issuance of the Issuer's Public Utilities Revenue Bonds, Series 2022 (the "Series 2022 Bonds") (to be issued in one or more series and with such other name, series or title designation(s) as may be determined by the Issuer) and call a public hearing. PURPOSE, TIME, PLACE AND LOCATION OF PUBLIC HEARING The Issuer shall hold a public hearing on May 17, 2022, at the hour of 7:00 p.m. at 451 South State Street, Room 315, Salt Lake City, Utah. The purpose of the hearing is to receive input from the public with respect to (a) the issuance of the Series 2022 Bonds and (b)any potential economic impact that the project to be financed with the proceeds of the Series 2022 Bonds may have on the private sector. All members of the public are invited to attend and participate. PURPOSE FOR ISSUING THE SERIES 2022 BONDS The Series 2022 Bonds will be issued for the purpose of financing water and sewer improvements to the Issuer's water, sewer, storm drain and street lighting systems ( collectively, the "System") and paying costs of issuance of the Series 2022 Bonds. DA TED this May 2, 2022. 4870-5556-1238, V. 4 6 City Recorder Cindy Trishman (May 17, 2022 17:42 MDT) 4870-5556-1238, v. 4 7 Section 10. Pursuant to Section 11-14-316 of the Bond Act, the Issuer shall publish a notice of bonds to be issued (i) once in The Salt Lake Tribune, a newspaper of general circulation in the Issuer, (ii) on the Utah Public Notice Website created under Section 63A-16-601 Utah Code Annotated 1953, as amended, and (iii) on the Utah Legal Notices website (www.utahlegals.com) created under Section 45-1-101, Utah Code Annotated 1953, as amended. The City Recorder shall cause a copy of this Resolution together with all exhibits hereto) to be kept on file in the Salt Lake City offices, or in the event such offices are closed for any reason, at 349 South 200 East, Salt Lake City, Utah, for public examination during the regular business hours of the Issuer until at least thirty 30) days from and after the date of publication thereof. The Issuer directs its officers and staff to publish a “Notice of Bonds to be Issued” in substantially the following form: 4870-5556-1238, v. 4 8 NOTICE OF BONDS TO BE ISSUED NOTICE IS HEREBY GIVEN pursuant to the provisions of the Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended (the “Bond Act”) that on May 3, 2022, the City Council (the “Council”) of Salt Lake City, Utah (the Issuer”), adopted a resolution (the “Resolution”) in which it authorized the issuance of the Issuer’s Public Utilities Revenue Bonds, Series 2022 (the “Series 2022 Bonds”) (to be issued in one or more series and with such other name, series or title designation(s) as may be determined by the Issuer). PURPOSE FOR ISSUING THE SERIES 2022 BONDS The Series 2022 Bonds will be issued for the purpose of financing water and sewer improvements to the Issuer’s water, sewer, storm drain and street lighting systems collectively, the “System”) and paying costs of issuance of the Series 2022 Bonds. REVENUES TO BE PLEDGED The Series 2022 Bonds are special limited obligations of the Issuer payable from the revenues of the System (the “Revenues”). PARAMETERS OF THE SERIES 2022 BONDS The Issuer intends to issue the Series 2022 Bonds in the aggregate principal amount of not more than Three Hundred Sixty Million Dollars ($360,000,000), to mature in not more than thirty-one (31) years from their date or dates, to be sold at a price not less than ninety-eight percent (98%) of the total principal amount thereof and bearing interest at a rate or rates not to exceed six percent (6%) per annum. The Series 2022 Bonds are to be issued and sold by the Issuer pursuant to the Resolution, including as part of said Resolution, a Master Trust Indenture (the “Master Indenture”) and a Supplemental Indenture of Trust (the “Supplemental Indenture” and collectively, the “Indenture”) which Indenture was before the Council in substantially final form at the time of the adoption of the Resolution and said Supplemental Indenture is to be executed by the Issuer in such form and with such changes thereto as shall be approved by the Issuer; provided that the principal amount, interest rate or rates, maturity, and discount of the Series 2022 Bonds will not exceed the maximums set forth above. OUTSTANDING BONDS SECURED BY REVENUES Other than the proposed Series 2022 Bonds, the Issuer currently has $586,575,000 includes $348,635,000 WIFIA Loan) of bonds outstanding (the “Outstanding Bonds”) secured by the Revenues (as more fully described in the Indenture). OTHER OUTSTANDING BONDS OF THE ISSUER Additional information regarding the Issuer’s Outstanding Bonds may be found in the Issuer’s financial report (the “Financial Report”) at: https://reporting.auditor.utah.gov/searchreport. For additional information, including any information more recent than as of the date of the Financial Report, please contact Marina Scott, City Treasurer, at (801) 535-6565. TOTAL ESTIMATED COST Based on the Issuer's current plan of finance and a current estimate of interest rates, the total principal and interest cost of the Series 2022 Bonds to be issued under the Bond Act if held until maturity is $584,039,758. A copy of the Resolution and the Indenture are on file in the office of the Salt Lake City Recorder, 451 South State Street, Salt Lake City, Utah, or, in the event such office is closed for any reason, at 349 South 200 East, Salt Lake City, Utah, where they may be examined during regular business hours of the City Recorder from 8:00 a.m. to 5:00 p.m. for a period of at least thirty (30) days from and after the date of publication of this notice. NOTICE IS FURTHER GIVEN that a period of thirty (30) days from and after the date of the publication of this notice is provided by law during which any person in interest shall have the right to contest the legality of the Resolution, the Indenture ( only as it pertains to the Series 2022 Bonds), or the Series 2022 Bonds, or any provision made for the security and payment of the Series 2022 Bonds, and that after such time, no one shall have any cause of action to contest the regularity, formality, or legality thereof for any cause whatsoever. DATED this May 3, 2022. 4870-5556-1238, V. 4 9 City Recorder Cindy Trishman (May 17, 2022 17:42 MDT) 4870-5556-1238, v. 4 10 Section 11. The Issuer hereby declares its intention and reasonable expectation to use proceeds of tax-exempt bonds to reimburse itself for initial expenditures for costs of the Project. The Series 2022 Bonds are to be issued, and the reimbursements made, by the later of 18 months after the payment of the costs or after the Project is placed in service, but in any event, no later than three years after the date the original expenditure was paid. The maximum principal amount of the Series 2022 Bonds which will be issued to finance the reimbursed costs of the Project is not expected to exceed $360,000,000. Section 12. The Issuer hereby reserves the right to opt not to issue the Series 2022 Bonds for any reason, including without limitation, consideration of the opinions expressed at the public hearing. Section 13. All resolutions or parts thereof in conflict herewith are, to the extent of such conflict, hereby repealed and this Resolution shall be in full force and effect immediately upon its approval and adoption. Section 14. Upon the issuance of the Series 2022 Bonds, this Resolution shall be and remain irrepealable until the principal of, premium, if any, and interest on the Series 2022 Bonds are deemed to have been duly discharged in accordance with the terms and provisions of the Indenture. ADOPTED this May 3, 2022. (SEAL) Attest and Countersign: City Recorder APPROVED AS TO FORM: Boyd Ferguson Senior City Attorney 4870-5556-1238, V. 4 Chair 11 May 9, 2022 Dan Dugan (May 9, 2022 09:44 MDT) Dan Dugan Cindy Trishman (May 17, 2022 17:42 MDT) PRESENTATION TO THE MAYOR The foregoing resolution was presented to the Mayor for her approval or disapproval on . By: ____________ _ Chair MAYOR'S APPROVAL OR DISAPPROVAL The foregoing resolution is hereby approved on this . By: ______________ _ Mayor 4870-5556-1238, V. 4 12 Dan Dugan (May 9, 2022 09:44 MDT) Dan Dugan May 9, 2022 Erin Mendenhall (May 10, 2022 19:13 MDT) May 10, 2022 STATE OF UTAH ) : ss. COUNTY OF SALT LAKE ) I, Cindy Lou Trishman, the duly appointed and qualified City Recorder of Salt Lake City, Utah (the "City"), do hereby certify according to the records of the City Council of the City (the "City Council") in my official possession that the foregoing constitutes a true and correct excerpt of the minutes of the meeting of the City Council held on May 3, 2022, including a resolution (the "Resolution") adopted at said meeting as said minutes and Resolution are officially of record in my possession. I further certify that the Resolution, with all exhibits attached, was deposited in my office on , and pursuant to the Resolution, (i) a Notice of Public Hearing was posted no less than fourteen (14) days before the public hearing date on the Utah Public Notice Website created under Section 63A-16- 601, Utah Code Annotated 1953, as amended; and (ii) a Notice of Bonds to be Issued will be published (a) one time in The Salt Lake Tribune, a newspaper having general circulation within the City; (b) on the Utah Public Notice Website created under Section 63A-16-601, Utah Code Annotated 1953, as amended; and (c) on the Utah Legal Notices website (www.utahlegals.com) created under Section 45-1-101, Utah Code Annotated 1953, as amended. IN WITNESS WHEREOF, I have hereunto subscribed my signature and impressed hereon the official seal of said City, . (SEAL) By: __________ City Recorder 4870-5556-1238, V. 4 13 Cindy Trishman (May 17, 2022 17:42 MDT) May 17, 2022 May 17, 2022 4870-5556-1238, v. 4 A-1 EXHIBIT A CERTIFICATE OF COMPLIANCE WITH OPEN MEETING LAW I, Cindy Lou Trishman, the undersigned 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 May 3, 2022, public meeting held by the City Council of the City (the “City Council”) as follows: a) By causing a Notice, in the form attached hereto as Schedule 1, to be posted at the principal offices of the City at least twenty-four (24) hours prior to the convening of the meeting, said Notice having continuously remained so posted and available for public inspection until the completion of the meeting; b) By causing a copy of such Notice, in the form attached hereto as Schedule 1, to be delivered to The Salt Lake Tribune, either directly or through the newspaper’s subscription to the Utah Public Notice Website (http://pmn.utah.gov) at least twenty-four (24) hours prior to the convening of the meeting; and c) By causing a copy of such Notice, in the form attached hereto as Schedule 1, to be posted on the Utah Public Notice Website (http://pmn.utah.gov) at least twenty-four (24) hours prior to the convening of the meeting. In addition, the Notice of 2022 Annual Meeting Schedule for the City Council attached hereto as Schedule 2) was given specifying the date, time, and place of the regular meetings of the City Council to be held during the year, by causing said Notice to be (a) posted on December ___, 2021 at the principal office of the City Council, (b) provided to at least one newspaper of general circulation within the City on January __, 2022 and (c) published on the Utah Public Notice Website (http://pmn.utah.gov) during the current calendar year. IN WITNESS WHEREOF, I have hereunto subscribed my official signature this May 3, 2022. SEAL) By: City Recorder 16 14 Cindy Trishman (May 17, 2022 17:42 MDT) May 17, 2022 4870-5556-1238, v. 4 A-2 SCHEDULE 1 NOTICE OF MEETING 5/9/22, 8:50 AM Public Meeting Notice https://www.utah.gov/pmn/sitemap/noticeprint/751809.html 1/10 Entity: Salt Lake City Body: Salt Lake City Council Subject:Business Notice Title:Salt Lake City Council Formal Meeting Meeting Location:451 South State Street Room 326 Salt Lake City UT 84111 Event Date & Time:May 3, 2022 May 3, 2022 07:00 PM Description/Agenda:SALT LAKE CITY COUNCIL and REDEVELOPMENT AGENCY of SALT LAKE CITY and LOCAL BUILDING AUTHORITY of SALT LAKE CITY FORMAL MEETING AGENDA May 3, 2022 Tuesday 7:00 PM Council Chambers 451 South State Street Room 326 Salt Lake City, UT 84111 SLCCouncil.com CITY COUNCIL MEMBERS: Dan Dugan, Chair District 6 Victoria Petro-Eschler District 1 Ana Valdemoros District 4 Generated: 16:57:52 Alejandro Puy District 2 Darin Mano, Vice Chair District 5 Chris Wharton District 3 Amy Fowler District 7 The Council has returned to a hybrid meeting approach. The hybrid meeting enables people joining remotely or in-person to listen to the Council meeting and participate during public comment items. 5/9/22, 8:50 AM Public Meeting Notice https://www.utah.gov/pmn/sitemap/noticeprint/751809.html 2/10 Public Comments: The public can give comments to the Council during the meetings online through Webex or in-person in Room 326 of the City and County Building. In- person attendees can fill out a comment card and online participants will register through Webex in order to be added to the comment queue. Agenda & Registration Information: For more information, including Webex connection information, please visit www.slc.gov/council/virtual-meetings. (A phone line will also be available for people whose only option is to call in.) Public Health Information: Masks are no longer required in City Facilities, but are welcome for any attendees who prefer to continue using them. We will continue to monitor the situation take any reasonable precautions for the public and staff. LOCAL BUILDING AUTHORITY of SALT LAKE CITY, UTAH MEETING Please note: Dates not identified in the FYI - Project Timeline are either not applicable or not yet determined. WELCOME AND PUBLIC MEETING RULES A. LBA OPENING CEREMONY: 1. Board/Council Member Dan Dugan will conduct the formal meeting. 2. Pledge of Allegiance. B. LBA UNFINISHED BUSINESS: 1. Resolution: Tentative Budget for the Capital Projects Fund of the Local Building Authority for Fiscal Year 2022-23 The Board will consider approving a resolution adopting the tentative budget for the Capital Projects Fund of the Local Building Authority of Salt Lake City, Utah for Fiscal Year 2022-23. The LBA's Capital Projects Fund for Fiscal Year 2022-23 only includes the bond debt services for the Glendale and Marmalade Libraries. (Other Capital projects throughout the City are included in the Mayor's Recommended Budget.) The LBA is a financing tool for cities and government entities, like libraries, to bond for capital projects at better interest rates. Capital projects are big projects like parks, public buildings, and street projects. FYI - Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - TBD Set Public Hearing Date - Tuesday, April 19, 2022 Hold hearing to accept public comment - Tuesday, May 17, 2022 and June 7, 2022 at 7 p.m. TENTATIVE Council Action - Tuesday, May 3, 2022 Staff Recommendation - Refer to motion sheet(s). C. LBA ADJOURNMENT: REDEVELOPMENT AGENCY of SALT LAKE CITY, UTAH MEETING 5/9/22, 8:50 AM Public Meeting Notice https://www.utah.gov/pmn/sitemap/noticeprint/751809.html 3/10 Please note: Dates not identified in the FYI - Project Timeline are either not applicable or not yet determined. D. RDA UNFINISHED BUSINESS: 1. Resolution: Tentative Budget for the Redevelopment Agency of Salt Lake City for Fiscal Year 2022-23 The Board will consider approving a resolution adopting the tentative budget for the Redevelopment Agency of Salt Lake City for Fiscal Year 2022-23. FYI - Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - TBD Set Public Hearing Date - Tuesday, April 19, 2022 Hold hearing to accept public comment - Tuesday, May 17, 2022 and June 7, 2022 at 7 p.m. TENTATIVE Council Action - Tuesday, May 3, 2022 Staff Recommendation - Refer to motion sheet(s). E. RDA ADJOURNMENT: SALT LAKE CITY COUNCIL MEETING Please note: Dates not identified in the FYI - Project Timeline are either not applicable or not yet determined. F. OPENING CEREMONY: 1. Welcome and Public Meeting Rules. 2. The Council will approve the work session meeting minutes of February 8, 2022; April 12, 2022; and April 19, 2022 as well as the formal meeting minutes of October 5, 2021; March 22, 2022; April 5, 2022; and April 12, 2022. 3. Mayor Mendenhall will present the proposed Salt Lake City budget, including the Library Fund, for Fiscal Year 2022-23. G. PUBLIC HEARINGS: 1. Grant Application: 2023 Distracted Driving Prevention Program Grant The Council will accept public comment for a grant application request from the Police Department to the Utah Department of Public Safety. If awarded, the grant would fund distracted driving enforcement/education overtime shifts. The grant project period will be one year beginning October 1, 2022. FYI - Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - n/a Set Public Hearing Date - n/a Hold hearing to accept public comment - Tuesday, May 3, 2022 at 7 p.m. TENTATIVE Council Action - n/a Staff Recommendation - Close and refer to future consent agenda. 2. Ordinance: Rezone and Master Plan Amendment at 1950 S West Temple and 1948 S West Temple The Council will accept public comment and consider adopting 5/9/22, 8:50 AM Public Meeting Notice https://www.utah.gov/pmn/sitemap/noticeprint/751809.html 4/10 an ordinance that would amend the zoning map for the properties at 1950 South West Temple and a portion of the property at 1948 South West Temple, changing them from RMF- 35 (Moderate Density Multi-Family Residential) to CG (General Commercial). This ordinance would also amend the Future Land Use Map in the Central Community Master Plan from 'Medium Density Residential' to 'Medium Residential/Mixed Use.' The requests are part of an effort to expand the existing Intermountain Wood Products operation into a new office building with uniform zoning on their properties. Consideration may be given to rezoning the property to another zoning district with similar characteristics. Petition No.: PLNPCM2021-00291 & PLNPCM2021-00292 FYI - Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, April 19, 2022 Set Public Hearing Date - Tuesday, April 19, 2022 Hold hearing to accept public comment - Tuesday, May 3, 2022 at 7 p.m. TENTATIVE Council Action - Tuesday, May 17, 2022 Staff Recommendation - Refer to motion sheet(s). 3. Ordinance: Rezone and Master Plan Amendment at 1902 South 400 East The Council will accept public comment and consider adopting and ordinance that would amend the Central Community Master Plan Future Land Use Map for property located at 1902 South 400 East from Low Density Residential to Medium Density Residential and the zoning map from R-1-5,000 (Residential) to RMF-35 (Moderate Density Multi-Family Residential District). The purpose of the rezone request is to facilitate the construction of townhomes. Consideration may be given to rezoning the property to another zoning district with similar characteristics. Petition No.: PLNPCM2021-00717 & PLNPCM2021-00718 FYI - Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, April 19, 2022 Set Public Hearing Date - Tuesday, April 19, 2022 Hold hearing to accept public comment - Tuesday, May 3, 2022 at 7 p.m. TENTATIVE Council Action - Tuesday, May 17, 2022 Staff Recommendation - Refer to motion sheet(s). 4. Ordinance: Library Budget Amendment No.1 for Fiscal Year 2021-22 The Council will accept public comment and consider adopting an ordinance that would amend the budget for the Library Fund for Fiscal Year 2021-22. Budget amendments happen several times each year to reflect adjustments to the City's budgets, including proposed project additions and modifications. The proposed amendment includes a budget for property tax revenues that are legally required to be passed through the Library to the Utah Inland Port and the County Convention Center Hotel, among other changes. FYI - Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, April 19, 2022 Set Public Hearing Date - Tuesday, April 19, 2022 Hold hearing to accept public comment - Tuesday, May 3, 2022 at 7 p.m. TENTATIVE Council Action - Tuesday, May 17, 2022 5/9/22, 8:50 AM Public Meeting Notice https://www.utah.gov/pmn/sitemap/noticeprint/751809.html 5/10 Staff Recommendation - Refer to motion sheet(s). 5. Ordinance: Budget Amendment No.7 for Fiscal Year 2021-22 The Council will accept public comment and consider adopting an ordinance that would amend the final budget of Salt Lake City, including the employment staffing document, for Fiscal Year 2021-22. Budget amendments happen several times each year to reflect adjustments to the City's budgets, including proposed project additions and modifications. The proposed amendment includes funding repairs at The Leonardo caused by flooding, transferring the Housing Trust Fund to the Redevelopment Agency, rebuilding a pedestrian bridge over the Jordan River to Cottonwood Park, and cybersecurity improvements among other items. FYI - Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, April 19, 2022 and Tuesday, May 3, 2022 Set Public Hearing Date - Tuesday, April 19, 2022 Hold hearing to accept public comment - Tuesday, May 3, 2022 at 7 p.m. TENTATIVE Council Action - Tuesday, May 17, 2022 Staff Recommendation - Refer to motion sheet(s). H. POTENTIAL ACTION ITEMS: 1. Ordinance: Public Lands Twenty-Year Master Plan, Reimagine Nature The Council will consider an ordinance that would adopt the City's Twenty-Year Public Lands Master Plan, Reimagine Nature. This is a Citywide long-range vision for creating a sustainable system of parks, natural lands, and urban forests, including special places like the Salt Lake City Cemetery and the Regional Athletic Complex. The scope, scale and form of implementation will be determined through development of individual projects and initiatives in coming years, beginning with more detailed Public Lands Department Five-Year Strategic Plans. FYI - Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, April 5, 2022 Set Public Hearing Date - Tuesday, April 5, 2022 Hold hearing to accept public comment - Tuesday, April 19, 2022 at 7 p.m. TENTATIVE Council Action - Tuesday, May 3, 2022 Staff Recommendation - Refer to motion sheet(s). I. COMMENTS: 1. 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.) J. NEW BUSINESS: 1. Ordinance: Amendment to Rename the Housing and Neighborhood Development Division (HAND) as the Housing Stability Division The Council will consider adopting an ordinance amendment 5/9/22, 8:50 AM Public Meeting Notice https://www.utah.gov/pmn/sitemap/noticeprint/751809.html 6/10 that would rename the Housing and Neighborhood Development Division as the Housing Stability Division. The Directors of Community and Neighborhoods (CAN) Department and Housing and Neighborhood Development Division (HAND) have decided to rename the Housing Stability Division to better reflect the mission of the division. FYI - Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - n/a Set Public Hearing Date - n/a Hold hearing to accept public comment - n/a TENTATIVE Council Action - Tuesday, May 3, 2022 Staff Recommendation - Refer to motion sheet(s). 2. Advice and Consent: Public Services Department Director - Jorge Chamorro The Council will consider approving the appointment of Jorge Chamorro as the Salt Lake City Public Services Department Director. FYI - Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 3, 2022 Set Public Hearing Date - n/a Hold hearing to accept public comment - n/a TENTATIVE Council Action - Tuesday, May 3, 2022 Staff Recommendation - Suspend the rules and consider motions. K. UNFINISHED BUSINESS: 1. Resolution: Tentative Budget of Salt Lake City, including the Tentative Budget of the Library Fund, for Fiscal Year 2022-23 The Council will consider approving a resolution adopting the tentative budgets of Salt Lake City, Utah, including the tentative budget of the Library Fund, for Fiscal Year 2022- 23. FYI - Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - TBD Set Public Hearing Date - Tuesday, April 19, 2022 Hold hearing to accept public comment - Tuesday, May 17, 2022 and June 7, 2022 at 7 p.m. TENTATIVE Council Action - Tuesday, May 3, 2022 Staff Recommendation - Refer to motion sheet(s). 2. Ordinance: Budget Amendment No.6 for Fiscal Year 2021-22 The Council will consider adopting an ordinance that would amend the final budget of Salt Lake City, including the employment staffing document, for Fiscal Year 2021-22. Budget amendments happen several times each year to reflect adjustments to the City's budgets, including proposed project additions and modifications. This amendment includes $1.3 million from a state grant and rescoping $1.3 million of parks impact fees matching funds to create five new trailheads as part of the Foothills Trails System. The Council adopted most items in this amendment at previous public meetings. 5/9/22, 8:50 AM Public Meeting Notice https://www.utah.gov/pmn/sitemap/noticeprint/751809.html 7/10 FYI - Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, February 1, 2022; Tuesday, February 8, 2022; Tuesday, February 15, 2022; and March 22, 2022 Set Public Hearing Date - Tuesday, February 1, 2022 Hold hearing to accept public comment - Tuesday, February 15, 2022 and Tuesday March 1, 2022 at 7 p.m. TENTATIVE Council Action - Tuesday, March 1, 2022; Tuesday March 22, 2022; and Tuesday, May 3, 2022 Staff Recommendation - Refer to motion sheet(s). 3. TENTATIVE - Ordinance: Amending Salt Lake City Code Pertaining to the Use of City Owned Motor Vehicles The Council will consider approving an ordinance that would amend sections 2.54.030 and 2.54.060 of the Salt Lake City Code Pertaining to the Use of City Owned Motor Vehicles by employees. The changes include: revising personal use allowances, expanding the distance limit from 35 miles to 60 miles from city limits; location monitoring, reporting and enforceability; cleanups to align with state law; and allowances during emergency circumstances. FYI - Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, April 19, 2022 and Tuesday, May 3, 2022 Set Public Hearing Date - n/a Hold hearing to accept public comment - n/a TENTATIVE Council Action - TBD Staff Recommendation - Refer to motion sheet(s). 4. Parameters Resolution: Public Utilities Revenue Bonds, Series 2022 The Council will adopt a parameters resolution that outlines holding a public hearing, establishing a protest period, and authorizing the issuance and sale of not more than $360,000,000 aggregate principal amount of Public Utilities revenue bonds, series 2022, related to water, sewer, and storm water capital improvements. The Council's action includes authorizing the execution of a supplemental indenture, a bond purchase agreement, and other documents as required. FYI - Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 3, 2022 Set Public Hearing Date - Tuesday, April 19, 2022 Hold hearing to accept public comment - Tuesday, May 17, 2022 at 7 p.m. TENTATIVE Council Action - Tuesday, May 3, 2022 Staff Recommendation - Refer to motion sheet(s). L. CONSENT: 1. Grant Holding Account Items (Batch No. 6) for Fiscal Year 2021-22 The Council will consider approving Grant Holding Account Items (Batch No. 6) for Fiscal Year 2021-22. The Administration indicates this item will not be replenished through a budget amendment. FYI - Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - n/a Set Public Hearing Date - n/a 5/9/22, 8:50 AM Public Meeting Notice https://www.utah.gov/pmn/sitemap/noticeprint/751809.html 8/10 Hold hearing to accept public comment - n/a TENTATIVE Council Action - Tuesday, May 3, 2022 Staff Recommendation - Approve. 2. Parameters Resolution: Public Utilities Revenue Bonds, Series 2022 The Council will confirm the date of Tuesday, May 17, 2022 at 7 p.m. to accept public comment for a parameters resolution authorizing the issuance and sale of not more than $360,000,000 aggregate principal amount of Public Utilities revenue bonds, series 2022, related to water, sewer, and storm water capital improvements. The Council's action includes authorizing the execution of a supplemental indenture, a bond purchase agreement, and other documents as required. FYI - Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 3, 2022 Set Public Hearing Date - Tuesday, April 19, 2022 Hold hearing to accept public comment - Tuesday, May 17, 2022 at 7 p.m. TENTATIVE Council Action - May 3, 2022 Staff Recommendation - Confirm Public Hearing date. 3. Board Appointment: Business Advisory Board - Pook Carson The Council will consider approving the appointment of Pook Carson to the Business Advisory Board for a term ending December 28, 2026. FYI - Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 3, 2022 Set Public Hearing Date - n/a Hold hearing to accept public comment - n/a TENTATIVE Council Action - Tuesday, May 3, 2022 Staff Recommendation - Approve. 4. Board Appointment: Cultural Core Finance Committee - Shaleane Gee The Council will consider approving the appointment of Shaleane Gee to the Cultural Core Finance Committee for a term ending May 3, 2026 FYI - Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 3, 2022 Set Public Hearing Date - n/a Hold hearing to accept public comment - n/a TENTATIVE Council Action - Tuesday, May 3, 2022 Staff Recommendation - Approve. 5. Board Appointment: Parks, Natural Lands, Urban Forestry and Trails (PNUT) Advisory Board - Frances Ngo The Council will consider approving the appointment of Frances Ngo to the PNUT Board for a term ending May 3, 2025. FYI - Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 3, 2022 Set Public Hearing Date - n/a Hold hearing to accept public comment - n/a TENTATIVE Council Action - Tuesday, May 3, 2022 5/9/22, 8:50 AM Public Meeting Notice https://www.utah.gov/pmn/sitemap/noticeprint/751809.html 9/10 Staff Recommendation - Approve. 6. Board Appointment: Parks, Natural Lands, Urban Forestry and Trails (PNUT) Advisory Board - Wisam Khudhair The Council will consider approving the appointment of Wisam Khudhair to the PNUT Board for a term ending May 3, 2025. FYI - Project Timeline: (subject to change per Chair direction or Council discussion) Briefing - Tuesday, May 3, 2022 Set Public Hearing Date - n/a Hold hearing to accept public comment - n/a TENTATIVE Council Action - Tuesday, May 3, 2022 Staff Recommendation - Approve. M. ADJOURNMENT: CERTIFICATE OF POSTING On or before 6:00 p.m. on April 28, 2022, the undersigned, duly appointed City Recorder, does hereby certify that the above notice and agenda was (1) posted on the Utah Public Notice Website created under Utah Code Section 63F-1-701, and (2) a copy of the foregoing provided to The Salt Lake Tribune and/or the Deseret News and to a local media correspondent and any others who have indicated interest. CINDY LOU TRISHMAN SALT LAKE CITY RECORDER Final action may be taken in relation to any topic listed on the agenda, including but not limited to adoption, rejection, amendment, addition of conditions and variations of options discussed. The City & County Building is an accessible facility. People with disabilities may make requests for reasonable accommodation, which may include alternate formats, interpreters, and other auxiliary aids and services. Please make requests at least two business days in advance. To make a request, please contact the City Council Office at council.comments@slcgov.com, 801-535-7600, or relay service 711. Notice of Special Accommodations: People with disabilities may make requests for reasonable accommodation, which may include alternate formats, interpreters, and other auxiliary aids and services. Please make requests at least two business days in advance. To make a request, please contact the City Council Office at council.comments@slcgov.com, 801- 535-7600, or relay service 711. Notice of Electronic or telephone participation: The public will be able to provide comments in-person in Room 326 of the City and County Building or online through Webex. For more information, including Webex connection information, please visit www.slc.gov/council/virtual-meetings. 5/9/22, 8:50 AM Public Meeting Notice https://www.utah.gov/pmn/sitemap/noticeprint/751809.html 10/10 Other information: Contact Information:Salt Lake City Council Office (801)535-7600 council.comments@slcgov.com Posted on:April 28, 2022 05:23 PM Last edited on:April 28, 2022 05:23 PM Printed from Utah's Public Notice Website (http://pmn.utah.gov/) 4870-5556-1238, v. 4 A-3 SCHEDULE 2 ANNUAL MEETING SCHEDULE 5/9/22, 8:51 AM Public Meeting Notice https://www.utah.gov/pmn/sitemap/noticeprint/723519.html 1/3 Entity: Salt Lake City Body: Salt Lake City Council Subject:Business Notice Title:2022 Salt Lake City Council Meeting Schedule Meeting Location:451 South State Street Salt Lake City UT 84111 Event Date & Time:January 1, 2022 January 1, 2022 12:00 AM Description/Agenda: Public Notice is hereby given that the 2022 Annual Meeting Schedule of the City Council, Redevelopment Agency (RDA) & Local Building Authority (LBA) of Salt Lake City, Utah, shall be as follows: The Board of Directors will hold regular meetings from time to time as the Board deems necessary. When held, regular meetings will be on the same dates and at the same times and places as regular meetings of the City Council of Salt Lake City, Utah. Council Meetings generally include a 2 p.m. WORK SESSION and a 7 p.m. FORMAL SESSION All meetings of the City Council are open to the public unless closed pursuant to Sections 52-4-204, 52-4-205 and 78B-1-137, Utah Code Annotated. Notice of each meeting is given at least 24 hours in advance of the meeting as required by State law. An agenda of each meeting is posted at: - Salt Lake City Council website www.slccouncil.com - State of Utah Public Notice website www.utah.gov/pmn/index.html Meetings in addition to those listed below may be held or canceled as circumstances may require, subject to applicable public notice requirements. Notice: - The City & County Building is an accessible facility with a street-level entrance located on the east side of the building People with disabilities may make requests for reasonable accommodation, which may include alternate formats, interpreters, and other auxiliary aids, and services. Please make requests at least two business days in advance. To make a request, please contact the City Council Office at council.comments@slcgov.com, 801-535-7600, or relay service 711. - In accordance with State statute, City ordinance, and Council policy, one or more Council Members may be 5/9/22, 8:51 AM Public Meeting Notice https://www.utah.gov/pmn/sitemap/noticeprint/723519.html 2/3 connected via speakerphone. January Meetings - Monday, January 3 Oath of Office Ceremony - Tuesday, January 4 Council Work Session & Formal Meeting - Tuesday, January 11 Council Work Session Only - Tuesday, January 18 RDA Meeting, Council Work Session & Formal Meeting February Meetings - Tuesday, February 1 Council Work Session & Formal Meeting - Tuesday, February 8 RDA Meeting & Council Work Session - Tuesday, February 15 Council Work Session & Formal Meeting March Meetings - Tuesday, March 1 Council Work Session & Formal Meeting - Tuesday, March 8 RDA Meeting & Council Work Session - Tuesday, March 22 Council Work Session & Formal Meeting April Meetings - Tuesday, April 5 Council Work Session & Formal Meeting - Tuesday, April 12 RDA Meeting & Council Work Session - Tuesday, April 19 Council Work Session & Formal Meeting May Meetings - Tuesday, May 3 Council Work Session & Formal Meeting - TENTATIVE - Thursday, May 5 Council Work Session Only (as needed for budget) - Tuesday, May 10 RDA Meeting & Council Work Session - TENTATIVE - Thursday, May 12 Council Work Session Only (as needed for budget) - Tuesday, May 17 Council Work Session & Formal Meeting - TENTATIVE - Thursday, May 19 Council Work Session Only (as needed for budget) - Tuesday, May 24 Council Work Session Only - TENTATIVE - Thursday, May 26 Council Work Session Only (as needed for budget) - Tuesday, May 31 Council Work Session only June Meetings - TENTATIVE - Thursday, June 2 Council Work Session Only (as needed for budget) - Tuesday, June 7 Council Work Session & Formal Meeting - TENTATIVE - Thursday, June 9 Council Work Session Only (as needed for budget) - Tuesday, June 14 RDA Meeting, Council Work Session & Formal Meeting June Meetings Cont. - TENTATIVE - Tuesday, June 21 Formal (as needed for budget) July Meetings - Tuesday, July 12 RDA Meeting, Council Work Session & Formal Meeting 5/9/22, 8:51 AM Public Meeting Notice https://www.utah.gov/pmn/sitemap/noticeprint/723519.html 3/3 -Tuesday, July 19 Council Work Session & Formal Meeting August Meetings -Tuesday, August 9 RDA Meeting, Council Work Session & Formal Meeting -Tuesday, August 16 Council Work Session, Formal Meeting, September Meetings -Tuesday, September 6 Council Work Session & Formal Meeting -Tuesday, September 13 RDA Meeting & Council Work Session -Tuesday, September 20 Council Work Session & Formal Meeting October Meetings -Tuesday, October 4 Council Work Session & Formal Meeting -Tuesday, October 11 RDA Meeting & Council Work Session -Tuesday, October 18 Council Work Session & Formal Meeting November Meetings -Tuesday, November 8 RDA Meeting, Council Work Session & Formal Meeting -Tuesday, November 15 Council Work Session, Formal Meeting, December Meetings -Tuesday, December 6 Council Work Session & Formal Meeting -Tuesday, December 13 RDA Meeting, Council Work Session & Formal Meeting Notice of Special Accommodations: People with disabilities may make requests for reasonable accommodation, which may include alternate formats, interpreters, and other auxiliary aids and services. Please make requests at least two business days in advance. To make a request, please contact the City Council Office at council.comments@slcgov.com, 801- 535-7600, or relay service 711. Notice of Electronic or telephone participation: The public will be able to provide comments in-person in Room 326 of the City and County Building or online through Webex. For more information, including Webex connection information, please visit www.slc.gov/council/virtual-meetings. Other information: Contact Information:Salt Lake City Council Office (801)535-7600 council.comments@slcgov.com Posted on:December 16, 2021 03:27 PM Last edited on:January 14, 2022 11:23 AM Printed from Utah's Public Notice Website (http://pmn.utah.gov/) 4870-5556-1238, v. 4 A-4 attach Proof of Publications of Notice of Public Hearing and Notice of Bonds to be Issued) 5/9/22, 8:52 AM Public Meeting Notice https://www.utah.gov/pmn/sitemap/noticeprint/752775.html 1/2 Entity: Salt Lake City Body: Salt Lake City Council Subject:Hearings Notice Title:Public Hearing Notice on Resolution Public Utilities Revenue Bonds, Series 2022 Meeting Location:451 South State Street Room 326 Salt Lake City UT 84111 Event Date & Time:May 17, 2022 May 17, 2022 07:00 PM Description/Agenda: SALT LAKE CITY CORPORATION SALT LAKE CITY COUNCIL NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN pursuant to the provisions of the Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended (the 'Bond Act'), that on May 3, 2022, the City Council (the 'Council') of Salt Lake City, Utah (the 'Issuer'), is scheduled to consider the adoption of a resolution (the 'Resolution') in which it will authorize the issuance of the Issuer's Public Utilities Revenue Bonds, Series 2022 (the 'Series 2022 Bonds') (to be issued in one or more series and with such other name, series or title designation(s) as may be determined by the Issuer) and call a public hearing. PURPOSE, TIME, PLACE AND LOCATION OF PUBLIC HEARING The Issuer shall hold a public hearing on May 17, 2022, at the hour of 7:00 p.m. at 451 South State Street, Room 315, Salt Lake City, Utah. The purpose of the hearing is to receive input from the public with respect to (a)the issuance of the Series 2022 Bonds and (b)any potential economic impact that the project to be financed with the proceeds of the Series 2022 Bonds may have on the private sector. All members of the public are invited to attend and participate. PURPOSE FOR ISSUING THE SERIES 2022 BONDS The Series 2022 Bonds will be issued for the purpose of financing water and sewer improvements to the Issuer's water, sewer, storm drain and street lighting systems (collectively, the 'System') and paying costs of issuance of the Series 2022 Bonds. DATED this May 2, 2022. /s/ Cindy Lou Trishman City Recorder 5/9/22, 8:52 AM Public Meeting Notice https://www.utah.gov/pmn/sitemap/noticeprint/752775.html 2/2 Notice of Special Accommodations: People with disabilities may make requests for reasonable accommodation, which may include alternate formats, interpreters, and other auxiliary aids and services. Please make requests at least two business days in advance. To make a request, please contact the City Council Office at council.comments@slcgov.com, 801- 535-7600, or relay service 711. Notice of Electronic or telephone participation: The public will be able to provide comments in-person in Room 326 of the City and County Building or online through Webex. For more information, including Webex connection information, please visit www.slc.gov/council/virtual-meetings. Other information: Contact Information:Salt Lake City Council Office (801)535-7600 council.comments@slcgov.com Posted on:May 02, 2022 05:31 PM Last edited on:May 02, 2022 05:31 PM Printed from Utah's Public Notice Website (http://pmn.utah.gov/) 5/9/22, 8:51 AM Public Meeting Notice https://www.utah.gov/pmn/sitemap/noticeprint/745583.html 1/3 Entity: Salt Lake City Body: Salt Lake City Recorder Subject:Bonds Notice Title:Notice of Bonds to Be Issued: Public Utilities Revenue Bonds, Series 2022 Meeting Location:451 South State Street Salt Lake City UT 84111 Event Date & Time:May 5, 2022 May 5, 2022 05:00 PM Description/Agenda: NOTICE OF BONDS TO BE ISSUED NOTICE IS HEREBY GIVEN pursuant to the provisions of the Local Government Bonding Act, Title 11, Chapter 14, Utah Code Annotated 1953, as amended (the 'Bond Act') that on May 3, 2022, the City Council (the 'Council') of Salt Lake City, Utah (the 'Issuer'), adopted a resolution (the 'Resolution') in which it authorized the issuance of the Issuer's Public Utilities Revenue Bonds, Series 2022 (the 'Series 2022 Bonds') (to be issued in one or more series and with such other name, series or title designation(s) as may be determined by the Issuer). PURPOSE FOR ISSUING THE SERIES 2022 BONDS The Series 2022 Bonds will be issued for the purpose of financing water and sewer improvements to the Issuer's water, sewer, storm drain and street lighting systems (collectively, the 'System') and paying costs of issuance of the Series 2022 Bonds. REVENUES TO BE PLEDGED The Series 2022 Bonds are special limited obligations of the Issuer payable from the revenues of the System (the 'Revenues'). PARAMETERS OF THE SERIES 2022 BONDS The Issuer intends to issue the Series 2022 Bonds in the aggregate principal amount of not more than Three Hundred Sixty Million Dollars ($360,000,000), to mature in not more than thirty-one (31) years from their date or dates, to be sold at a price not less than ninety-eight percent (98%) of the total principal amount thereof and bearing interest at a rate or rates not to exceed six percent (6%) per annum. The Series 2022 Bonds are to be issued and sold by the Issuer pursuant to the Resolution, including as part of said Resolution, a Master Trust Indenture (the 'Master Indenture') and a Supplemental Indenture of Trust (the 'Supplemental Indenture' and collectively, the 'Indenture') 5/9/22, 8:51 AM Public Meeting Notice https://www.utah.gov/pmn/sitemap/noticeprint/745583.html 2/3 which Indenture was before the Council in substantially final form at the time of the adoption of the Resolution and said Supplemental Indenture is to be executed by the Issuer in such form and with such changes thereto as shall be approved by the Issuer; provided that the principal amount, interest rate or rates, maturity, and discount of the Series 2022 Bonds will not exceed the maximums set forth above. OUTSTANDING BONDS SECURED BY REVENUES Other than the proposed Series 2022 Bonds, the Issuer currently has $586,575,000 (includes $348,635,000 WIFIA Loan) of bonds outstanding (the 'Outstanding Bonds') secured by the Revenues (as more fully described in the Indenture). OTHER OUTSTANDING BONDS OF THE ISSUER Additional information regarding the Issuer's Outstanding Bonds may be found in the Issuer's financial report (the 'Financial Report') at: https://reporting.auditor.utah.gov/searchreport. For additional information, including any information more recent than as of the date of the Financial Report, please contact Marina Scott, City Treasurer, at (801) 535-6565. TOTAL ESTIMATED COST Based on the Issuer's current plan of finance and a current estimate of interest rates, the total principal and interest cost of the Series 2022 Bonds to be issued under the Bond Act if held until maturity is $584,039,758. A copy of the Resolution and the Indenture are on file in the office of the Salt Lake City Recorder, 451 South State Street, Salt Lake City, Utah, or, in the event such office is closed for any reason, at 349 South 200 East, Salt Lake City, Utah, where they may be examined during regular business hours of the City Recorder from 8:00 a.m. to 5:00 p.m. for a period of at least thirty (30) days from and after the date of publication of this notice. NOTICE IS FURTHER GIVEN that a period of thirty (30) days from and after the date of the publication of this notice is provided by law during which any person in interest shall have the right to contest the legality of the Resolution, the Indenture (only as it pertains to the Series 2022 Bonds), or the Series 2022 Bonds, or any provision made for the security and payment of the Series 2022 Bonds, and that after such time, no one shall have any cause of action to contest the regularity, formality, or legality thereof for any cause whatsoever. DATED this May 3, 2022. /s/ Cindy Lou Trishman City Recorder Notice of Special Accommodations: Please contact the Recorder's office at 801-535-7671 or via email at SLCRecorder@slcgov.com to coordinate accommodations. Notice of Electronic or telephone participation: The complete file copy of the entity action may be viewed online at https://tinyurl.com/SLCAdoptedLegislation Other information:**This is not a meeting notice, but dates are required by the software to enter the notice. The meeting date listed is not reflective of any scheduled meeting associated with notice. Contact Information:Cindy Lou Trishman (801)535-6223 cindy.trishman@slcgov.com Posted on:March 31, 2022 05:40 PM 5/9/22, 8:51 AM Public Meeting Notice https://www.utah.gov/pmn/sitemap/noticeprint/745583.html 3/3 Last edited on:May 04, 2022 12:25 PM Printed from Utah's Public Notice Website (http://pmn.utah.gov/) 4870-5556-1238, v. 4 B-1 EXHIBIT B INDENTURE 4870-5556-1238, v. 4 C-1 EXHIBIT C FORM OF BOND PURCHASE CONTRACT 4870-5556-1238, v. 4 D-1 EXHIBIT D FORM OF PRELIMINARY OFFICIAL STATEMENT Resolution 12 of 2022 Public Utilities Revenue Bonds, Series 2022 Final Audit Report 2022-05-17 Created:2022-05-09 By:Thais Stewart (thais.stewart@slcgov.com) Status:Signed Transaction ID:CBJCHBCAABAAfXasONzKQwWLwPbcsjgt7pqqQoBI56vY "Resolution 12 of 2022 Public Utilities Revenue Bonds, Series 2 022" History Document created by Thais Stewart (thais.stewart@slcgov.com) 2022-05-09 - 3:20:29 PM GMT Document emailed to Boyd Ferguson (boyd.ferguson@slcgov.com) for signature 2022-05-09 - 3:24:45 PM GMT Email viewed by Boyd Ferguson (boyd.ferguson@slcgov.com) 2022-05-09 - 3:30:05 PM GMT Document e-signed by Boyd Ferguson (boyd.ferguson@slcgov.com) Signature Date: 2022-05-09 - 3:30:24 PM GMT - Time Source: server Document emailed to Dan Dugan (daniel.dugan@slcgov.com) for signature 2022-05-09 - 3:30:28 PM GMT Email viewed by Dan Dugan (daniel.dugan@slcgov.com) 2022-05-09 - 3:43:08 PM GMT Document e-signed by Dan Dugan (daniel.dugan@slcgov.com) Signature Date: 2022-05-09 - 3:44:00 PM GMT - Time Source: server Document emailed to Erin Mendenhall (erin.mendenhall@slcgov.com) for signature 2022-05-09 - 3:44:04 PM GMT Email viewed by Erin Mendenhall (erin.mendenhall@slcgov.com) 2022-05-10 - 1:54:01 PM GMT Document e-signed by Erin Mendenhall (erin.mendenhall@slcgov.com) Signature Date: 2022-05-11 - 1:13:49 AM GMT - Time Source: server Document emailed to Cindy Trishman (cindy.trishman@slcgov.com) for signature 2022-05-11 - 1:13:53 AM GMT Document e-signed by Cindy Trishman (cindy.trishman@slcgov.com) Signature Date: 2022-05-17 - 11:42:55 PM GMT - Time Source: server Agreement completed. 2022-05-17 - 11:42:55 PM GMT