Proposed Ordinance - 5/7/20241
Resolution No. of 2024
(Adopting the Final Budget for the Capital Projects Fund of the Local Building Authority of Salt
Lake City, Utah for Fiscal Year 2024-2025)
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 previously filed with the Board of Directors (the
“Board”) of the Building Authority a tentative budget for the capital projects fund of the
Building Authority (the Building Authority not having any operational expenses and therefore no
need for an operating budget); and
WHEREAS, on , 2024, the Board adopted the tentative budget by
Resolution No. of 2024; and
WHEREAS, the tentative budget adopted by the Board and all supporting schedules and
data was 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 was
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, following due notice of a public hearing given at least seven days before the
hearing (a) by publishing on the Utah Public Notice Website and by publishing on the Building
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Authority’s official website or, if the Building Authority did not maintain an official website, on
the official website of Salt Lake City Corporation, at its , 2024 and ,
2024 meetings, the Board held a public hearing on the budget tentatively adopted, at which
hearing interested persons in attendance or connected remotely were given an opportunity to be
heard on the estimate of revenues and expenditures or any item in the tentative budget; and
NOW, THEREFORE, be it resolved by the Board of Directors of the Local Building
Authority of Salt Lake City, Utah, as follows:
1. The purpose of this resolution is to adopt a final budget for the capital projects
fund of the Building Authority for fiscal year 2024-2025. All conditions precedent to the
adoption of the final budget have been accomplished.
2. The budget attached hereto and made a part of this resolution shall be, and the
same hereby is adopted as, the final budget for the capital projects fund of the Building Authority
for the remainder of the fiscal year 2024-2025, in accordance with the Fiscal Procedures for
Special Districts Act, Utah Code Title 17B, Chapter 1, Part 6.
3. The Budget Officer is hereby authorized and directed to certify and file a copy of
said final budget in the office of the Secretary of the Building Authority, whose office is located
at 451 South State Street, Room 415, Salt Lake City, UT 84111, as required by Utah Code
Section 17B-1-615. Said final budget shall be available to the public for inspection during
regular business hours.
4. The Budget Officer is hereby authorized and directed to certify and file a copy of
said final budget with the State Auditor as required by Utah Code Section 17B-1-614 within 30
days after its adoption.
5. 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: 5/1/24