Motion Sheet - 8/15/2022Item F3
CITY COUNCIL OF SALT LAKE CITY
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MOTION SHEET
CITY COUNCIL of SALT LAKE CITY
tinyurl.com/SLCFY23
TO:City Council Members
FROM: Ben Luedtke
Budget Analyst
DATE:August 16, 2022
RE: Sales and Excise Tax Revenue Bonds Series 2022B and 2022C
MOTION 1A – ADOPT RESOLUTION
I move that the Council adopt a resolution authorizing up to $67.5 million of sales and excise tax
revenue bonds; giving authority to certain officers to approve the final terms and provisions of the bonds
within specified parameters; adding “irrigation” to the City Cemetery road repairs and reconstruction
project; and providing for related matters.
Optional: MOTION 1B – LEVERAGE EXTERNAL FUNDING SOURCES
I further move that the Council encourages the Administration to seek funding from external sources
such as private and community partners for any Salt Lake City park or facilities project that receives
bond funding.
Staff note: the total authorized funding is slightly greater than the projects total because the cost of
issuing the bonds is included.
MOTION 2 –NOT ADOPT
I move that the Council proceed to the next agenda item.