Proposed Resolution - 5/7/20241
Resolution No. of 2024
(Adopting the Tentative Budget for the Capital Projects Fund of the Local Building Authority of
Salt Lake City, Utah for Fiscal Year 2024-2025)
A resolution adopting the tentative budget for the Capital Projects Fund of the Local
Building Authority of Salt Lake City, Utah, for the fiscal year beginning July 1, 2024 and ending
June 30, 2025.
PREAMBLE
WHEREAS, the Salt Lake City Council has created the Local Building Authority of Salt
Lake City, Utah (the “Building Authority”), and has appointed Mary Beth Thompson as the
Budget Officer of the Building Authority (the “Budget Officer”); and
WHEREAS, the Budget Officer has filed with the Board of Directors (the “Board”) of the
Building Authority a tentative budget for the capital projects fund of the Building Authority; and
WHEREAS, the Board is required to review, consider, and tentatively adopt the tentative
budget in a regular or special meeting called for that purpose; and
WHEREAS, the tentative budget adopted by the Board and all supporting schedules and
data shall be a public record in the office of the Secretary of the Building Authority, available for
public inspection at the Building Authority’s principal place of business during regular business
hours for a period of at least seven days before the adoption of the final budget and shall be
published, at least seven days before the adoption of the final budget in a public meeting, (a) on
the Utah Public Notice Website and (b) on the Building Authority’s official website or, if the
Building Authority does not maintain an official website, on the official website of Salt Lake
City Corporation; and
WHEREAS, at the meeting in which the tentative budget for the capital projects fund is
adopted, the Board shall establish the time and place of a public hearing to consider the adoption
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and shall order that notice thereof be given at least seven days before the hearing (a) by
publishing on the Utah Public Notice Website and (b) by publishing on the Building Authority’s
official website or, if the Building Authority does not maintain an official website, on the official
website of Salt Lake City Corporation.
NOW, THEREFORE, be it resolved by the Board of Directors of the Local Building
Authority of Salt Lake City, Utah, as follows:
1. The tentative budget for the capital projects fund of the Building Authority for the
fiscal year 2024-2025, filed by the Budget Officer with the Board, is hereby adopted as the
Building Authority’s tentative budget for the capital projects fund, and is ordered to be filed and
maintained as a public record, available for public inspection in the office of the Secretary of the
Building Authority, whose office is located at 451 South State Street, Room 451, Salt Lake City,
UT 84111, until adoption of the final budget.
2. The Board shall hold a public hearing on the budget tentatively adopted. The
public hearing shall be held at p.m. on , 2024 and , 2024, at
the City & County Building, 451 South State Street, Salt Lake City, Utah. Notice of the public
hearing shall be given at least seven days before the hearing (a) by publishing on the Utah Public
Notice Website and (b) by publishing on the Building Authority’s official website or, if the
Building Authority does not maintain an official website, on the official website of Salt Lake
City Corporation. At the public hearing, the Board shall give interested persons in attendance or
connected remotely an opportunity to be heard on the estimate of revenues and expenditures or
any item in the tentative budget of the capital projects fund.
3. This Resolution shall take effect immediately upon its approval and adoption.
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Passed by the Board of Directors of the Local Building Authority of Salt Lake City, Utah,
this day of , 2024.
PRESIDENT
ATTEST:
SECRETARY APPROVED AS TO FORM
Jaysen Oldroyd, Senior City Attorney
Date: 5/1/2024