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HomeMy WebLinkAbout01 of 2025 - Tentative Budget for the Capital Projects Fund of the Local Building Authority for Fiscal Year 2025-Resolution No. of 2025 Adopting the Tentative Budget for the Capital Projects Fund of the Local Building Authority of Salt Lake City, Utah for Fiscal Year 2025-2026 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, 2025, and ending June 30, 2026. 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 1 2 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 2025- 2026, 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 7:00 p.m. on May 20, 2025 and June 3, 2025, 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. 3 Passed by the Board of Directors of the Local Building Authority of Salt Lake City, Utah, this ____ day of __________, 2025. Chris Wharton, Council Chair ATTEST: Keith Reynolds, City Recorder APPROVED AS TO FORM Office of the City Attorney Date: By: /s/ Cameron B. Johnson Cameron B. Johnson, Senior City Attorney 6th May Cameron Johnson (May 12, 2025 16:45 MDT) Cameron Johnson 05/12/2025 Chris Wharton (May 13, 2025 16:36 MDT) LBA Resolution 01 of 2025 - Tentative Budget for Capital Projects Fund of LBA Final Audit Report 2025-06-03 Created:2025-05-08 By:DeeDee Robinson (deedee.robinson@slc.gov) Status:Signed Transaction ID:CBJCHBCAABAA86BAeJI49h5rT6TT_rd7uJGFRQmGsnSe "LBA Resolution 01 of 2025 - Tentative Budget for Capital Projec ts Fund of LBA" History Document created by DeeDee Robinson (deedee.robinson@slc.gov) 2025-05-08 - 6:16:42 PM GMT Document emailed to cameron.johnson@slc.gov for signature 2025-05-08 - 6:25:41 PM GMT Email viewed by cameron.johnson@slc.gov 2025-05-12 - 9:55:09 PM GMT Signer cameron.johnson@slc.gov entered name at signing as Cameron Johnson 2025-05-12 - 10:44:59 PM GMT Document e-signed by Cameron Johnson (cameron.johnson@slc.gov) Signature Date: 2025-05-12 - 10:45:01 PM GMT - Time Source: server Document emailed to Chris Wharton (chris.wharton@slc.gov) for signature 2025-05-12 - 10:45:03 PM GMT Email viewed by Chris Wharton (chris.wharton@slc.gov) 2025-05-13 - 5:53:18 AM GMT Document e-signed by Chris Wharton (chris.wharton@slc.gov) Signature Date: 2025-05-13 - 10:36:29 PM GMT - Time Source: server Document emailed to Keith Reynolds (Keith.Reynolds@slc.gov) for signature 2025-05-13 - 10:36:30 PM GMT Document e-signed by Keith Reynolds (Keith.Reynolds@slc.gov) Signature Date: 2025-06-03 - 4:49:35 PM GMT - Time Source: server Agreement completed. 2025-06-03 - 4:49:35 PM GMT