15 of 2024 - Property Tax Increase Metropolitan Water District FY 2024-25RESOLUTION NO. OF 2024 --
(Authorizing the Metropolitan Water District of Salt Lake and Sandy (MWDSLS) to
Increase its Property Tax for FY 2025)
WHEREAS, the Metropolitan Water District of Salt Lake and Sandy ("District") was
established in 1935 with a primary function to create a firm water supply for its member cities. Salt
Lake City is the founding member and Sandy City joined the District in 1990; and
WHEREAS, due to inflation and commitments, the District cannot meet its budgeting needs
and asks approval from Salt Lake City and Sandy City to levy a property tax increase for fiscal year
2025 ("FY 2025"). A special district board of trustees may approve a property tax increase only after
the conditions of Utah Code Section l 7B-l-1003 have been satisfied or considered satisfied for each
member of the board of trustees; and
WHEREAS, due to a unique provision in the Metropolitan Water District Act, the District
requires that both the city councils of Salt Lake City and Sandy City approve the tax increase by motion.
The tax levy must be uniform as to all property taxed by the District; and
WHEREAS, Utah Code Section 10-6-133(1) requires that, at a regularly scheduled meeting,
the City Council set a proposed property tax rate before June 22 of each year, or September 1 in the
case of a property tax rate increase under Sections 59-2-919 through 59-2-923, the governing body of
each city at a regular meeting or special meeting called for that purpose, shall by ordinance or
resolution set the real and personal property tax levy for various municipal purposes; and
WHEREAS, after due consideration, the City Council of Salt Lake City has determined this
action to be in the best interest of the City and its residents.
NOW, THEREFORE, BE IT RESOLVED by the City Council of Salt Lake City, as follows:
1.Public meetings to consider the increase in the District's proposed tax rate were held on
May 7, 2024 and May 21, 2024 during which public comment was invited and allowed.
2.Given serious inflation, the serious draw-down of reserves, and commitments, including
bond commitments, the District has to increase taxes above the certified rate, or increase
charges for water, or some combination of the two for FY 2025.
3.Based upon information provided by District staff, a property tax increase is the preferred
method to increase revenue although it is distributed differently across customers
compared to a rate increase. The District has provided information that indicates property
tax as a revenue source is likely to help secure better debt offerings and save customers
money in the longer term, given the extensive infrastructure needs.
4.The District has not had a tax increase in years. District Board approval of a tax increase
requires approval of the member city councils at open council meetings.
5.The City Council hereby approves the District's proposed property tax rate of 0.00035.
15
Passed by the City Council of Salt Lake City, Utah, on __________, 2024.
SALT LAKE CITY COUNCIL
By:
CHAIRPERSON
ATTEST:
CITY RECORDER
APPROVED AS TO FORM:
Salt Lake City Attorney’s Office
By: ___________________________
Mark Kittrell, Deputy City Attorney
May 21
Mark Kittrell, Deputy City Attorney
Mark Kittrell (May 28, 2024 10:38 MDT)
May 28, 2024
i t*ria etr* ( 0) ф, 2024 13:2ц MDT)
Resolution 15 of 2024 - Property Tax Increase
FY 2025 - Metropolitan Water District
Final Audit Report 2024-06-05
Created:2024-05-28
By:STEPHANIE ELLIOTT (stephanie.elliott@slcgov.com)
Status:Signed
Transaction ID:CBJCHBCAABAAjGsSDrXKFDrA6V4hF5G66PSs4lQyrtCh
"Resolution 15 of 2024 - Property Tax Increase FY 2025 - Metro
politan Water District" History
Document created by STEPHANIE ELLIOTT (stephanie.elliott@slcgov.com)
2024-05-28 - 4:35:17 PM GMT
Document emailed to Mark Kittrell (mark.kittrell@slcgov.com) for signature
2024-05-28 - 4:36:09 PM GMT
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2024-05-28 - 4:38:09 PM GMT
Document e-signed by Mark Kittrell (mark.kittrell@slcgov.com)
Signature Date: 2024-05-28 - 4:38:18 PM GMT - Time Source: server
Document emailed to victoria.petro@slcgov.com for signature
2024-05-28 - 4:38:20 PM GMT
Email viewed by victoria.petro@slcgov.com
2024-05-29 - 3:36:44 AM GMT
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2024-06-05 - 7:23:22 PM GMT
Email viewed by victoria.petro@slcgov.com
2024-06-05 - 7:26:21 PM GMT
Signer victoria.petro@slcgov.com entered name at signing as Victoria Petro
2024-06-05 - 7:27:01 PM GMT
Document e-signed by Victoria Petro (victoria.petro@slcgov.com)
Signature Date: 2024-06-05 - 7:27:03 PM GMT - Time Source: server
Document emailed to Cindy Trishman (cindy.trishman@slcgov.com) for signature
2024-06-05 - 7:27:04 PM GMT
Document e-signed by Cindy Trishman (cindy.trishman@slcgov.com)
Signature Date: 2024-06-05 - 9:27:07 PM GMT - Time Source: server
Agreement completed.
2024-06-05 - 9:27:07 PM GMT