Proposed Resolution - 6/7/2022REDEVELOPMENT AGENCY OF SALT LAKE CITY
RESOLUTION NO__________
(Adopting the Budget for the Redevelopment Agency of Salt Lake City, Utah
for Fiscal Year 2022-2023)
A resolution of the Board of Directors of the Redevelopment Agency of Salt Lake City,
Utah adopting the budget for the fiscal year beginning July 1, 2022 and ending June 30, 2023.
WHEREAS, the Redevelopment Agency of Salt Lake City (“Agency”) was created to
transact the business and exercise the powers provided for in the Community Reinvestment
Agency Act; and
WHEREAS, the Agency’s Board of Director’s (“Board”) has determined it is both
necessary and desirable to adopt the 2022-2023 annual budget (“Budget”); and
WHEREAS, the Board has determined that the public improvements to be carried out
with tax increment in each of the project areas will be of benefit to the project area which
generated the tax increment; and
WHEREAS, on May , 2022 the Board of Directors tentatively adopted the
tentative budget by Resolution ________ of 2022 (“Tentative Budget”); and
WHEREAS, at its , 2022, and , 2022 meetings, the Board held
public hearings on the Tentative Budget, at which hearings all interested persons in attendance or
connected remotely were given an opportunity to be heard on the estimates of revenues and
expenditures or any item in the Tentative Budget; and
WHEREAS, the Tentative Budget adopted by the Board and all supporting schedules and
data was a public record in the Office of the Salt Lake City Recorder, available for public
inspection for a period of at least ten days before the adoption of the Budget; and
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WHEREAS, the Agency caused a copy of the proposed Budget to be published at least
seven days before the hearing a) in three places within the city; b) on the Utah Public Notice
Website created in Utah Code Section 63A-16-601; and c) on the City’s publicly viewable
Website until the final hearing takes place.
NOW, THEREFORE, be it resolved by the Board of Directors of the Redevelopment
Agency of Salt Lake City, that the previously adopted Tentative Budget, as modified by the
“Key Changes” attached and made a part of this Resolution, is adopted as the Budget of the
Redevelopment Agency of Salt Lake City for the fiscal year commencing on July 1, 2022 and
ending June 30, 2023.
BE IT FURTHER RESOLVED, that the following budget contingencies are hereby
adopted with the Agency's 2022/2023 Budget:
A. (Contingencies TBD).
B. A copy of the Budget shall be certified and filed in the Office of the Salt Lake City Recorder
whose permanent office is located at 451 South State Street, Room 415, Salt Lake City, Utah
84111 and be available to the public for inspection during regular business hours.
C. A copy of the Budget shall be certified and filed with the Salt Lake County Auditor, the State
Tax Commission, the State Auditor, the State Board of Education, and each taxing entity
from which the Agency receives project area funds as required by Utah Code Section 17C-1-
601.5(6) within 90 days after its adoption.
D. This Resolution shall take effect on July 1, 2022.
Passed by the Board of Directors of the Redevelopment Agency of Salt Lake City, this
____ day of June, 2022.
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________________________________
Ana Valdemoros, Chair
Approved as to form: Allison Parks
Salt Lake City Attorney’s Office
Allison Parks
May 3, 2022
The Executive Director:
____ does not request reconsideration
____ requests reconsideration at the next regular Agency meeting
_________________________________
Erin Mendenhall, Executive Director
Attest:
_________________________
City Recorder