096 of 1982 - Sale of Land Located in SLC International Airport Boundaries Z.- r
W 82-8
RESOLUTION NO. OF 1982
(OBLIGATING SALT LAKE CITY CORPORATION TO
EXPEND THE SUM OF $45,000 TO BE REALIZED
FROM THE SALE OF .985 ACRES OF LAND
ACQUIRED WITH FEDERAL AID AND LOCATED
WITHIN THE BOUNDARIES OF SALT LAKE CITY
INTERNATIONAL AIRPORT)
WHEREAS, the Federal Aviation Administration has advised
Salt Lake City Corporation that the administrator of the Federal
Aviation Administration has adopted a policy requirement that as
a condition to release any Salt Lake City International Airport
property interest therein for subsequent sale from the terms and
conditions in Grant FAAP Agreements No. 9-42-018-801 through
9-42-018-801 through 9-42-018-C723 and ADAP Grant Agreements
8-49-0033-01 through 6-49-0033-14 covering federal aid at said
Salt Lake City International Airport, Salt Lake City Corporation
shall agree to deposit into a Special Airport Account the sum of
$45,000 to be received from the sale of the hereinafter described
land and to expend that sum for capital and operating expenses of
the Salt Lake City International Airport; and
WHEREAS, the City Council of Salt Lake City, Utah, has
reviewed the sale at fair market value of the hereinafter
described land located at the Salt Lake City International
Airport subject to its release for that purpose by the Federal
Aviation Administration, and recognizes the need for the con-
tinued provisions of adequate airport facilities to be provided
the residents of Salt Lake City, Utah.
NOW, THEREFORE, BE IT RESOLVED by the Mayor of Salt Lake
City, Utah, that in consideration of the Federal Aviation Admini-
stration's approval and release for sale of the hereinafter
described land and upon said sale, the Mayor of Salt Lake City,
Utah does hereby promise and covenant and agree with the Federal
Aviation Administration as follows:
1. A Special Airport Account has been established. Salt
Lake City Corporation will deposit in said fund the sum of
$45,000 being the total net proceeds from the sale and transfer
of .985 acres of land located at Salt Lake City International
Airport to the Salt Lake International Center.
2. The funds deposited into said Special Airport Account
hereby established shall be expended for capital and operating
expenses for the Salt Lake City International Airport.
3. The Account having been established, this Resolution
shall remain in effect until the funds are expended in accordance
with the provisions of Section 2 in order to comply with the
conditions set forth in the Deed of Release from the FAA requir-
ing the establishment of this Account.
4. The land approved for sale subject to release by the
Federal Aviation Administration is described as follows:
Beginning at a point which lies N 89*56151" E, 1350.00
feet from the NW corner of Section 6 T.1.S., R.1.W.,
SLB&M; thence S 0*00156" W, 191 .75 feet; thence
N 66'51 '10" W, 486.76 feet to a point on the north line
of said Section 6; thence along said section line
N 89'56'51" E, 447.63 feet to the point of beginning,
containing 0.985 acres.
5. BE IT FURTHER RESOLVED, that the Mayor of Salt Lake City
Corporation is hereby authorized and directed to accept an
instrument of release from the Federal Aviation Administration
for the purpose of binding Salt Lake City Corporation to all its
promises, covenants and agreements set forth in this resolution.
Signed by the Mayor of Salt Lake City, Utah,
this day of �27 1982.
MAYOR
ATTEST:
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DEPU I TCYTY RECORDER
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