Proposed Resolution - 10/9/2024REDEVELOPMENT AGENCY OF SALT LAKE CITY
RESOLUTION NO
Sugx Hot ePrcperty Di po4tirntoSalt LalieCity Carper Eflcn
RESOLUTION OF THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY
OF SALT LAKE CITY APPROVING THE TERMS OF THE DISPOSITION TO SALT LAKE
CITY CORPORATION OF CERTAIN PROPERTY LOCATED IN SUGAR HOUSE.
WHEREAS, in 2021, the Redevelopment Agency of Salt Lake City's Board of Directors
(Bawd) adopted an amended Property Disposition Policy, R-6-2021, requiring that any sales
price of RDA -owned property discounted more than 10% of fair market value be subject to
approval by a majority vote of the Board.
WHEREAS, the Redevelopment Agency (RDA) owns certain real property at
approximately 1085 East Simpson Avenue, 1095 East Simpson Avenue, and 2234 South
Highland Drive associated with the following parcel numbers: 16-20-252-001-0000, 16-20-252-
002-0000, 16-20-252-003-0000, and 16-20-252-008-0000. These parcels are also known as the
RDA Properties.
WHEREAS, the RDA, Salt Lake City Corporation (City), and the Utah Transit Authority
are cooperatively working togetherto expand the S-Line so that the line terminates at Highland
Drive (PrcjEct).
WHEREAS, as part of the expansion of the S-Line, the parties desire to utilize part of the
RDA Properties forthe Project. A depiction of this portion of Property is attached as Exhibit A
(Prcpe'ty).
WHEREAS, the RDA desires to transfer the Property to the City at fully reduced sales
price in exchange forthe City utilizing the Property forthe Project.
NOW, THEREFORE, BE IT RESOLVED by a majority of the Board of Directors of
the Redevelopment Agency of Salt Lake City that the Board hereby authorizes the disposition of
the Property to the City for$00.00.
Passed by the Board of Directors of the Redevelopment Agency of Salt Lake City, Utah,
this day of , 2024, to be effective upon adoption.
Alejandro Puy, Chair
Approved as to form:
Salt Lake City Attorney's Office
Allison Parks
The Executive Director
does not request reconsideration
requests reconsideration at the next regularAgency meeting
Erin Mendenhall, Executive Director
Attest:
City Recorder
Depiction of the Portion of the RDA Property to be transferred to Salt Lake City to accommodate
expansion of the S-Line.
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® SLC PROPERTY = -2,993 sf or-0.07 acres
SLC ROAD/SIDEWALK PROPERTY =-17,605 sf or -0.40 acres
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